| ALEXANDER CITY BOARD OF EDUCATION | |||||||||||||||
| COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS | |||||||||||||||
| FISCAL PERIOD ENDING MARCH 31, 2014 | |||||||||||||||
| EXHIBIT F-I-A | |||||||||||||||
| Fund Types and Account Groups | Governmental | Fiduciary | Account Groups | ||||||||||||
| General | Special Revenue | Debt Service | Capital Projects | Trust | F/A & L/T Debt | ||||||||||
| Assets and Other Debits | |||||||||||||||
| Cash | $ 4,650,098.10 | $ 696,438.40 | $ 13,412.03 | $ 46,053.15 | $ 417,872.77 | $ - | |||||||||
| Investments | - | 126,176.45 | - | - | 1,864.30 | - | |||||||||
| Receivables: | |||||||||||||||
| Interfund | - | - | - | - | - | - | |||||||||
| Other | 31,425.87 | 317,724.92 | - | - | 1,788.18 | - | |||||||||
| Inventories | - | 59,571.67 | - | - | - | - | |||||||||
| Other Assets | - | - | - | - | - | - | |||||||||
| Fixed Assets | - | - | - | - | - | 35,566,209.26 | |||||||||
| Other Debits: | |||||||||||||||
| Debt Service | - | - | - | - | - | 117,937.82 | |||||||||
| Long-Term Debt | - | - | - | - | - | 4,038,415.66 | |||||||||
| Total Assets and Other Debits | $ 4,681,523.97 | $ 1,199,911.44 | $ 13,412.03 | $ 46,053.15 | $ 421,525.25 | $ 39,722,562.74 | |||||||||
| Liabilities and Fund Equity | |||||||||||||||
| Liabilities | |||||||||||||||
| Salaries and Benefits | 2,424.84 | 191.63 | - | - | - | - | |||||||||
| Payroll Taxes | - | - | - | - | - | - | |||||||||
| Interfund | - | - | - | - | - | - | |||||||||
| Accounts Payable | 111,938.91 | 270,993.60 | - | 18,890.56 | 131,026.07 | - | |||||||||
| Long-Term Liabilities | - | - | 50,095.61 | - | - | 4,156,353.48 | |||||||||
| Total Liabilities | $ 114,363.75 | $ 271,185.23 | $ 50,095.61 | $ 18,890.56 | $ 131,026.07 | $ 4,156,353.48 | |||||||||
| Fund Equity | |||||||||||||||
| Investment in Gen. Fixed Assets | - | - | - | - | - | 35,566,209.26 | |||||||||
| Reserved Fund Balance | 250,000.00 | 59,571.67 | - | - | - | - | |||||||||
| Unreserved Fund Balance | 4,317,160.22 | 869,154.54 | (36,683.58) | 27,162.59 | 290,499.18 | - | |||||||||
| Total Fund Equity | $ 4,567,160.22 | $ 928,726.21 | $ (36,683.58) | $ 27,162.59 | $ 290,499.18 | $ 35,566,209.26 | |||||||||
| Total Liabilities and Fund Equity | $ 4,681,523.97 | $ 1,199,911.44 | $ 13,412.03 | $ 46,053.15 | $ 421,525.25 | $ 39,722,562.74 | |||||||||
| ALEXANDER CITY BOARD OF EDUCATION | |||||||||||||||
| COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES | |||||||||||||||
| ALL GOVERNMENTAL FUND TYPES AND EXPENDABLE TRUST FUNDS | |||||||||||||||
| FISCAL PERIOD ENDING MARCH 31, 2014 | |||||||||||||||
| EXHIBIT F-II-A | |||||||||||||||
| FUND TYPE | Governmental | Fiduciary | Total | ||||||||||||
| DESCRIPTION | General | Special Revenue | Debt Service | Capital Projects | Expendable Trust | (Memorandum Only | |||||||||
| REVENUES: | |||||||||||||||
| STATE REVENUES | 7,902,767.00 | 1,800.00 | - | 66,000.00 | - | 7,970,567.00 | |||||||||
| FEDERAL REVENUES | 18,836.21 | 1,715,286.93 | - | - | - | 1,734,123.14 | |||||||||
| LOCAL REVENUES | 3,776,379.86 | 647,391.34 | - | - | 348,735.50 | 4,772,506.70 | |||||||||
| OTHER SOURCES | 28,820.62 | 47,431.16 | - | - | - | 76,251.78 | |||||||||
| TOTAL REVENUES | $ 11,726,803.69 | $ 2,411,909.43 | $ - | $ 66,000.00 | $ 348,735.50 | $ 14,553,448.62 | |||||||||
| EXPENDITURES: | |||||||||||||||
| INSTRUCTIONAL SERVICES | 6,931,940.49 | 861,335.64 | - | - | 63,595.99 | 7,856,872.12 | |||||||||
| INSTRUCTIONAL SUPPORT SERVICES | 1,788,813.18 | 219,731.52 | - | - | 212,517.26 | 2,221,061.96 | |||||||||
| OPERATION & MAINTENANCE | 916,941.66 | 42,652.09 | - | 56,162.73 | - | 1,015,756.48 | |||||||||
| AUXILIARY SERVICES | 549,953.43 | 843,377.58 | - | - | 1,695.85 | 1,395,026.86 | |||||||||
| GENERAL ADMINISTRATIVE SERVICES | 369,263.88 | 85,198.48 | - | 119,797.31 | - | 574,259.67 | |||||||||
| CAPITAL OUTLAY | - | - | 152,620.40 | 29,880.00 | - | 182,500.40 | |||||||||
| DEBT SERVICES | - | - | - | 42,700.63 | - | 42,700.63 | |||||||||
| OTHER EXPENDITURES | 109,044.51 | 294,463.55 | - | - | 113,741.67 | 517,249.73 | |||||||||
| TOTAL EXPENDITURES | $ 10,665,957.15 | $ 2,346,758.86 | $ 152,620.40 | $ 248,540.67 | $ 391,550.77 | $ 13,805,427.85 | |||||||||
| OTHER FUND SOURCES (USES): | |||||||||||||||
| TRANSFERS IN & OTHER FUND SOURCES | 26,976.46 | 65,065.05 | - | 74,438.31 | 8,331.69 | 174,811.51 | |||||||||
| TRANSFERS OUT | (11,207.57) | (56,481.26) | - | - | (28,585.64) | (96,274.47) | |||||||||
| TOTAL OTHER FUND SOURCES (USES) | $ 15,768.89 | $ 8,583.79 | $ - | $ 74,438.31 | $ (20,253.95) | $ 78,537.04 | |||||||||
| EXCESS REVENUES & OTHER SOURCES OVER(UNDER) EXPENDITURES & OTHER FUND USES | $ 1,076,615.43 | $ 73,734.36 | $ (152,620.40) | $ (108,102.36) | $ (63,069.22) | $ 826,557.81 | |||||||||
| BEGINNING FUND BALANCE - OCT 1 | $ 3,490,544.79 | $ 854,991.85 | $ 115,936.82 | $ 135,264.95 | $ 353,568.40 | $ 4,950,306.81 | |||||||||
| ENDING FUND BALANCE - OCT 31 | $ 4,567,160.22 | $ 928,726.21 | $ (36,683.58) | $ 27,162.59 | $ 290,499.18 | $ 5,776,864.62 | |||||||||
| ALEXANDER CITY BOARD OF EDUCATION | |||||||||||||||
| COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES | |||||||||||||||
| BUDGET AND ACTUAL | |||||||||||||||
| FISCAL PERIOD ENDING MARCH 31, 2014 | |||||||||||||||
| EXHIBIT F-III-A | |||||||||||||||
| FUND TYPE | GENERAL | SPECIAL | |||||||||||||
| DESCRIPTION | BUDGET | ACTUAL | VARIANCE | BUDGET | ACTUAL | VARIANCE | |||||||||
| REVENUES: | |||||||||||||||
| STATE REVENUES | 15,744,007.00 | 7,902,767.00 | (7,841,240.00) | 106,607.00 | 1,800.00 | (104,807.00) | |||||||||
| FEDERAL REVENUES | 56,933.00 | 18,836.21 | (38,096.79) | 3,308,722.16 | 1,715,286.93 | (1,593,435.23) | |||||||||
| LOCAL REVENUES | 5,501,345.00 | 3,776,379.86 | (1,724,965.14) | 1,260,477.00 | 647,391.34 | (613,085.66) | |||||||||
| OTHER SOURCES | 141,088.00 | 28,820.62 | (112,267.38) | 68,465.00 | 47,431.16 | (21,033.84) | |||||||||
| TOTAL REVENUES | 21,443,373.00 | 11,726,803.69 | (9,716,569.31) | 4,744,271.16 | 2,411,909.43 | (2,332,361.73) | |||||||||
| EXPENDITURES: | |||||||||||||||
| INSTRUCTIONAL SERVICES | 13,863,924.00 | 6,931,940.49 | (6,931,983.51) | 1,795,484.78 | 861,335.64 | (934,149.14) | |||||||||
| INSTRUCTIONAL SUPPORT SERVICES | 3,633,047.00 | 1,788,813.18 | (1,844,233.82) | 477,598.87 | 219,731.52 | (257,867.35) | |||||||||
| OPERATION & MAINTENANCE | 1,942,930.00 | 916,941.66 | (1,025,988.34) | 61,044.00 | 42,652.09 | (18,391.91) | |||||||||
| AUXILIARY SERVICES | 1,021,673.00 | 549,953.43 | (471,719.57) | 1,623,685.51 | 843,377.58 | (780,307.93) | |||||||||
| GENERAL ADMINISTRATIVE SERVICES | 841,951.00 | 369,263.88 | (472,687.12) | 196,775.00 | 85,198.48 | (111,576.52) | |||||||||
| CAPITAL OUTLAY | - | - | - | - | - | - | |||||||||
| DEBT SERVICES | - | - | - | - | - | - | |||||||||
| PRINCIPAL | |||||||||||||||
| INTEREST | |||||||||||||||
| OTHER EXPENDITURES | 219,039.39 | 109,044.51 | (109,994.88) | 492,296.00 | 294,463.55 | (197,832.45) | |||||||||
| TOTAL EXPENDITURES | 21,522,564.39 | 10,665,957.15 | (10,856,607.24) | 4,646,884.16 | 2,346,758.86 | (2,300,125.30) | |||||||||
| OTHER FUND SOURCES (USES): | |||||||||||||||
| TRANSFERS IN | 93,000.00 | 10,309.78 | (82,690.22) | 147,000.00 | 65,065.05 | (81,934.95) | |||||||||
| OTHER FUND SOURCES | 150,616.00 | 16,666.68 | (133,949.32) | - | - | - | |||||||||
| OTHER FUND USES | (8,000.00) | (11,207.57) | (3,207.57) | (204,600.00) | (56,481.26) | 148,118.74 | |||||||||
| TOTAL OTHER FUND SOURCES (USES) | 235,616.00 | 15,768.89 | (219,847.11) | (57,600.00) | 8,583.79 | 66,183.79 | |||||||||
| EXCESS REVENUES & OTHER SOURCES OVER(UNDER) EXPENDITURES & OTHER FUND USES | 156,424.61 | 1,076,615.43 | 920,190.82 | 39,787.00 | 73,734.36 | 33,947.36 | |||||||||
| BEGINNING FUND BALANCE | 3,520,474.10 | 3,490,544.79 | (29,929.31) | 854,991.85 | 854,991.85 | - | |||||||||
| ENDING FUND BALANCE | 3,676,898.71 | 4,567,160.22 | 890,261.51 | 894,778.85 | 928,726.21 | 33,947.36 | |||||||||
| ALEXANDER CITY BOARD OF EDUCATION | |||||||||||||||
| COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES | |||||||||||||||
| BUDGET AND ACTUAL | |||||||||||||||
| FISCAL PERIOD ENDING MARCH 31, 2014 | |||||||||||||||
| EXHIBIT F-III-B | |||||||||||||||
| FUND TYPE | DEBT SERVICE | CAPITAL PROJECTS | |||||||||||||
| DESCRIPTION | BUDGET | ACTUAL | VARIANCE | BUDGET | ACTUAL | VARIANCE | |||||||||
| REVENUES: | |||||||||||||||
| STATE REVENUES | 732,936.00 | - | (732,936.00) | 132,000.00 | 66,000.00 | (66,000.00) | |||||||||
| FEDERAL REVENUES | - | - | - | - | - | - | |||||||||
| LOCAL REVENUES | - | - | - | - | - | - | |||||||||
| OTHER SOURCES | 2,304,203.00 | - | (2,304,203.00) | - | - | - | |||||||||
| TOTAL REVENUES | 3,037,139.00 | - | (3,037,139.00) | 132,000.00 | 66,000.00 | (66,000.00) | |||||||||
| EXPENDITURES: | |||||||||||||||
| INSTRUCTIONAL SERVICES | - | - | - | - | - | - | |||||||||
| INSTRUCTIONAL SUPPORT SERVICES | - | - | - | - | - | - | |||||||||
| OPERATION & MAINTENANCE | - | - | - | 35,591.00 | 56,162.73 | 20,571.73 | |||||||||
| AUXILIARY SERVICES | - | - | - | - | - | - | |||||||||
| GENERAL ADMINISTRATIVE SERVICES | - | - | - | 110,821.00 | 119,797.31 | 8,976.31 | |||||||||
| CAPITAL OUTLAY | - | 152,620.40 | 152,620.40 | - | 29,880.00 | 29,880.00 | |||||||||
| DEBT SERVICES | 2,760,582.61 | - | (2,760,582.61) | 87,403.00 | 42,700.63 | (44,702.37) | |||||||||
| PRINCIPAL | |||||||||||||||
| INTEREST | |||||||||||||||
| OTHER EXPENDITURES | - | - | - | - | - | - | |||||||||
| TOTAL EXPENDITURES | 2,760,582.61 | 152,620.40 | (2,607,962.21) | 233,815.00 | 248,540.67 | 14,725.67 | |||||||||
| OTHER FUND SOURCES (USES): | |||||||||||||||
| TRANSFERS IN | - | - | - | 276,556.39 | 74,438.31 | (202,118.08) | |||||||||
| OTHER FUND SOURCES | - | - | - | - | - | - | |||||||||
| OTHER FUND USES | (276,556.39) | - | 276,556.39 | - | - | - | |||||||||
| TOTAL OTHER FUND SOURCES (USES) | (276,556.39) | - | 276,556.39 | 276,556.39 | 74,438.31 | (202,118.08) | |||||||||
| EXCESS REVENUES & OTHER SOURCES OVER(UNDER) EXPENDITURES & OTHER FUND USES | - | (152,620.40) | (152,620.40) | 174,741.39 | (108,102.36) | (282,843.75) | |||||||||
| BEGINNING FUND BALANCE | 115,936.82 | 115,936.82 | - | 135,264.95 | 135,264.95 | - | |||||||||
| ENDING FUND BALANCE | 115,936.82 | (36,683.58) | (152,620.40) | 310,006.34 | 27,162.59 | (282,843.75) | |||||||||
| ALEXANDER CITY BOARD OF EDUCATION | |||||||||||||||
| COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES | |||||||||||||||
| BUDGET AND ACTUAL | |||||||||||||||
| FISCAL PERIOD ENDING MARCH 31, 2014 | |||||||||||||||
| EXHIBIT F-III-C | |||||||||||||||
| FUND TYPE | EXPENDABLE TRUST | TOTAL GOVERNMENT & EXPENDABLE TRUST FUNDS | |||||||||||||
| DESCRIPTION | BUDGET | ACTUAL | VARIANCE | BUDGET | ACTUAL | VARIANCE | |||||||||
| REVENUES: | |||||||||||||||
| STATE REVENUES | - | - | - | 16,715,550.00 | 7,970,567.00 | (8,744,983.00) | |||||||||
| FEDERAL REVENUES | - | - | - | 3,365,655.16 | 1,734,123.14 | (1,631,532.02) | |||||||||
| LOCAL REVENUES | 634,525.00 | 348,735.50 | (285,789.50) | 7,396,347.00 | 4,772,506.70 | (2,623,840.30) | |||||||||
| OTHER SOURCES | - | - | - | 2,513,756.00 | 76,251.78 | (2,437,504.22) | |||||||||
| TOTAL REVENUES | 634,525.00 | 348,735.50 | (285,789.50) | 29,991,308.16 | 14,553,448.62 | (15,437,859.54) | |||||||||
| EXPENDITURES: | |||||||||||||||
| INSTRUCTIONAL SERVICES | 152,875.00 | 63,595.99 | (89,279.01) | 15,812,283.78 | 7,856,872.12 | (7,955,411.66) | |||||||||
| INSTRUCTIONAL SUPPORT SERVICES | 322,350.00 | 212,517.26 | (109,832.74) | 4,432,995.87 | 2,221,061.96 | (2,211,933.91) | |||||||||
| OPERATION & MAINTENANCE | - | - | - | 2,039,565.00 | 1,015,756.48 | (1,023,808.52) | |||||||||
| AUXILIARY SERVICES | 12,500.00 | 1,695.85 | (10,804.15) | 2,657,858.51 | 1,395,026.86 | (1,262,831.65) | |||||||||
| GENERAL ADMINISTRATIVE SERVICES | - | - | - | 1,149,547.00 | 574,259.67 | (575,287.33) | |||||||||
| CAPITAL OUTLAY | - | - | - | - | 182,500.40 | 182,500.40 | |||||||||
| DEBT SERVICES | - | - | - | 2,847,985.61 | 42,700.63 | (2,805,284.98) | |||||||||
| PRINCIPAL | |||||||||||||||
| INTEREST | |||||||||||||||
| OTHER EXPENDITURES | 177,800.00 | 113,741.67 | (64,058.33) | 889,135.39 | 517,249.73 | (371,885.66) | |||||||||
| TOTAL EXPENDITURES | 665,525.00 | 391,550.77 | (273,974.23) | 29,829,371.16 | 13,805,427.85 | (16,023,943.31) | |||||||||
| OTHER FUND SOURCES (USES): | |||||||||||||||
| TRANSFERS IN | 29,000.00 | 8,331.69 | (20,668.31) | 545,556.39 | 158,144.83 | (387,411.56) | |||||||||
| OTHER FUND SOURCES | - | - | - | 150,616.00 | 16,666.68 | (133,949.32) | |||||||||
| OTHER FUND USES | (62,400.00) | (28,585.64) | 33,814.36 | (551,556.39) | (96,274.47) | 455,281.92 | |||||||||
| TOTAL OTHER FUND SOURCES (USES) | (33,400.00) | (20,253.95) | 13,146.05 | 144,616.00 | 78,537.04 | (66,078.96) | |||||||||
| EXCESS REVENUES & OTHER SOURCES OVER(UNDER) EXPENDITURES & OTHER FUND USES | (64,400.00) | (63,069.22) | 1,330.78 | 306,553.00 | 826,557.81 | 520,004.81 | |||||||||
| BEGINNING FUND BALANCE | 353,568.40 | 353,568.40 | - | 4,980,236.12 | 4,950,306.81 | (29,929.31) | |||||||||
| ENDING FUND BALANCE | 289,168.40 | 290,499.18 | 1,330.78 | 5,286,789.12 | 5,776,864.62 | 490,075.50 | |||||||||