Monthly Projection Report – Operating Funds (Cash Basis) For Fiscal Year Ending 6/30/2019 As of June 30, 2019

The adopted revenue budget for FY19 operations was $226.8 million and actual FY19 operating revenue is $229.4 million, or $2.6 million more than originally budgeted. The principal differences between operating revenue sources are:

• Local Property Taxes (+$1.5)
• Sales Tax (-$0.2)
• Interest on Deposits and Investments (+0.7)
• Financial Institution Tax (+$0.2)
• VICC (+$0.2)
• Fines and Forfeitures (-$0.1)
• Transportation (+$0.3)
• Early Childhood Special Education Grant (-$0.1)
• Other Grants (+$0.1)

The adopted expenditure budget for FY19 operations was $227.3 million and actual FY19 operating expenditures is $229.5 million for a net difference of $2.3 million more than originally budgeted. The principal differences are:

• Salaries and benefits (+$2.7)
• General Lines of Insurance including Workers’ Compensation (-$0.2)
• Transportation and fuel (+$0.1)
• Supplies and Services (-$0.3)

Our actual operating transfer from the Child Nutrition Fund, Other Operating Activities and Capital Projects Fund was $1.2 million as compared to the budgeted transfer of $0.7 million. Our fund balance increased $1.1 million for an ending cash fund balance at June 30, 2019 $49.3 million (21.5%).