Monthly Projection Report – Operating Funds (Cash Basis) For Fiscal Year Ending 6/30/2021 As of November 30, 2020

The adopted revenue budget for FY21 operations was $234.5 million and we are currently forecasting FY21 operating revenue to be $237.0 million, or $2.5 million more than originally budgeted. The principal differences between operating revenue sources are:

 Local Property Taxes (-$1.0)
 Sales Tax (+$1.0)
 Interest on Deposits and Investments (-$0.4)
 VICC (+0.1)
 State Assessed Railroad and Utilities (-$0.5)
 Foundation Formula and Classroom Trust (+$0.2)
 Transportation (-$0.1)
 CARES Act (+1.9)
 Other Federal Funding (+$1.3)

The adopted expenditure budget for FY21 operations was expected to be $237.7 million and is currently forecasted to be $240.9 million, or $3.2 million more than originally budgeted. The principal differences are:

 Salaries and benefits (-$0.4)
 General Lines of Insurance (-$0.1)
 Transportation and fuel (-$0.2)
 Utilities (-$0.5)
 Textbooks (+$0.4)
 Supplies and services (+$2.1)
 Capital outlay and lease purchase debt retirement (+$1.9)

Our forecasted budgeted transfer in the operating fund includes $0.6 million from the Child Nutrition Services. Based on current projection, the ending cash basis fund balance at June 30, 2021 is anticipated to be $57.1 million (23.7%). The combined projected revenues, expenditures and transfers result in a (-$0.7) million variance in comparison with the original budget.