Post on 27-Mar-2015
Saint Louis Public SchoolsDecember 2008 Monthly Financial Report
December 2008 EXECUTIVE SUMMARY
FISCAL YEAR 2008-2009Financial Report
December 2008 Year To Date
December 2008 Financials
Current Proposed Budget Budget
(Amendment #3)
July 1, 2008-Beginning Fund Balance ($10,509) ($12,373)
REVENUE $328,855 $305,681EXPENDITURE $347,979 $342,238
Net ADD/(DEPLETION) of Reserves ($19,124) ($36,557)
June 30, 2009-Ending Fund Balance ($29,633) ($48,930)
Current VS Proposed Current VS Proposed BudgetBudget
December 2008 Financials
Current Proposed July 1, 2008-Beginning Fund Balance ($10,509) ($12,373)
REVENUE $328,855 $305,681EXPENDITURE $347,979 $342,238
Beginning Fund Balance: ($ 1.8M)
•Excess Special Ed/VICC costs
Revenue Decrease, ($23.2M)•Charter enrollment•Proposition C•Property Sales•Interest Income•E-Rate
Net Expenditure Decrease, $ 5.7M •Salary and Benefit Savings•Increases: Excess Special Ed., Legal, MGT
Current VS Proposed Budget, Current VS Proposed Budget, cont’dcont’d
December 2008 Financials
Budget Amendment #3Budget Amendment #3
December 2008 Financials
DESE/Charter Schools
Program Subsidies
Legal Settlements & Unanticipated Costs
Tax Revenues
FY 09-10 Budget•Economic Outlook•SLPS/Charter School Enrollment•Staffing & Facilities
Concerns & Risks: Concerns & Risks: FY 2008-09
December 2008 Financials
GOB Projected Cash Balance: July 2008 to June 2009 (in millions)
GOB Unrestricted Fund Balance: December 2008 (in thousands)
$36.6 M Deficit Spend
December 2008 Financials
Spending/Hiring Freeze
Leverage Non GOB Funding
Program Evaluation
District Right Sizing, Staffing Realignment
Budget Deficit Initiatives/Proposed StrategiesBudget Deficit Initiatives/Proposed Strategies
Saint Louis Public SchoolsDecember 2008 Monthly Financial Report
December 2008 EXECUTIVE SUMMARY
December 2008 Financials
General Operating Revenue ($M)