Monthly Projection Report – Operating Funds (Cash Basis) For Fiscal Year Ending 6/30/2022 Actual Results

The adopted revenue budget for FY22 operations was $239.2 million and actual FY22 operating revenue $247.5 million, or $8.3 million more than originally budgeted. The principal differences between operating revenue sources are:

• Local Property Taxes (+$3.0)
• Sales Tax (+$3.1)
• Financial Institution Tax (+$0.1)
• Interest on Deposits and Investments (+$0.1)
• VICC (+$0.2)
• State Assessed Railroad and Utilities (-$0.1)
• Transportation (+$0.2)
• CARES Act (+1.2)
• Other Federal Funding (+$0.5)

The adopted expenditure budget for FY22 operations was $239.6 million and actual FY22 operating expenditures is $239.9 million, or $0.2 million more than originally budgeted. The principal differences are:

• Salaries and benefits (-$1.3)
• General Lines of Insurance (-$0.9)
• Transportation and fuel (+$0.1)
• Utilities (-$0.5)
• Textbooks (-$0.2)
• Supplies and Services (+$0.8)
• Capital outlay and lease purchase debt retirement (+$2.2)

Our actual operating transfer from Child Nutrition, Other Operating Activities and Capital Projects Fund was $0.7 million as compared to the budgeted transfer of $0.6 million. Our operating fund balance increased $8.2million for an ending cash fund balance at June 30, 2022 of $73.5 million (30.7%).