Monthly Projection Report – Operating Funds (Cash Basis) For Fiscal Year Ending 6/30/2021 As of June 30, 2021

The adopted revenue budget for FY21 operations was $234.5 million and actual FY21 operating revenue is $240.7 million, or $6.2 million more than originally budgeted. The principal differences between operating revenue sources are:

• Local Property Taxes (-$0.1)
• Sales Tax (+$1.8)
• Interest on Deposits and Investments (-$0.4)
• VICC (+$0.2)
• Railroad & Utilities (-$0.4)
• Basic Formula and Classroom Trust (+$1.8)
• Transportation (+$0.1)
• CARES Act/Stimulus Funding (+$1.8)
• FEMA Federal Funding (+$1.1)
• Other State and Federal Grants (+$0.3)

The adopted expenditure budget for FY21 operations was $237.7 million and actual FY21 operating expenditures is $235.3 million for a net difference of $2.4 million less than originally budgeted. The principal differences are:

• Salaries and benefits (-$1.3)
• Transportation and fuel (-$0.5)
• Supplies and Services (-$0.6)

Our actual operating transfer from the Child Nutrition Fund, Other Operating Activities and Capital Projects Fund was $0.3 million as compared to the budgeted transfer of $0.6 million. Our fund balance increased $5.7 million for an ending cash fund balance at June 30, 2021 $66.2 million (28.1%).