Financial/Enrollment Report

Date:               January 18, 2012
To:                   Michael Green, Superintendent
Subject:           December Financial/Enrollment Report
From:               Stacy Brown, Director of Business Services

I have attached the 2011-12 Budget vs. Actual and Comparison to 2010-11 and Fund Budget Status reports for the month of December.  Revenues were $33,000 less than expected.  This is because I did not meet the deadline for filing our Federal claims for December.  We will receive two months worth of expenditures in January.  Payroll was about $11,000 less than expected in December due to less extra days paid in comparison with other years.  Accounts payable was $133,000 greater than expected, mainly due to a large purchase of fuel this December ($65,000) and Vancouver SD billing us for 4 months for the two students we have attending Fir Grove ($20,000).  I reviewed the AP and the amounts paid do not look unusual.

The Budget Status Reports are pretty much business as usual and you see we have the request for a budget extension Transportation Vehicle Fund in January as the Co-op is planning to purchase roughly $1.5 million in new buses and the budget is only approved for $1 million. 

I am working on a new format for the projections which is in line with the new funding formula.  I have also been working on getting documentation ready for the Consolidated Program Review, the Transportation Vehicle Fund budget extension and with the holidays and now the snow, I do not have this quite ready with the December reports.  I will have this information for you in February with the January financial reports.  I also wanted to let you know that the State Auditor's Office will be arriving on January 31st to complete their annual audit of the district.  I expect them to be onsite for 3 to 4 weeks as this will be a financial statement, Federal and state compliance audit.  I will keep you posted and I'm sure they will be sending out invites to the board to attend the Entrance Conference. 

I have attached the January enrollment documents.  After the sharp decrease in November, we have been creeping back up adding 8 in December and 7 more in January, bringing our average FTE back up to almost 44 greater than budget.  I will be working with these numbers as I continue working on projecting revenues and expenditures for the year.

Please let me know if you have any questions.

Attached Files:
financial-enrollment info 1-23-12.pdf 4 application/pdf