| ALEXANDER CITY BOARD OF EDUCATION | |||||||||||||||
| COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS | |||||||||||||||
| FISCAL PERIOD ENDING JULY 31, 2015 | |||||||||||||||
| 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 | $ 4,491,203.09 | $ 780,191.64 | $ 190,589.83 | $ 106,338.49 | $ 351,337.72 | $ - | |||||||||
| Investments | - | 76,610.40 | - | - | 2,014.95 | - | |||||||||
| Receivables: | |||||||||||||||
| Interfund | - | - | - | - | - | - | |||||||||
| Other | 16,573.73 | 202,005.71 | - | - | (7,926.65) | - | |||||||||
| Inventories | - | 27,690.41 | - | - | - | - | |||||||||
| Other Assets | - | - | - | - | - | - | |||||||||
| Fixed Assets | - | - | - | - | - | 35,779,227.99 | |||||||||
| Other Debits: | |||||||||||||||
| Debt Service | - | - | - | - | - | 182,917.08 | |||||||||
| Long-Term Debt | - | - | - | - | - | 4,040,205.52 | |||||||||
| Total Assets and Other Debits | $ 4,507,776.82 | $ 1,086,498.16 | $ 190,589.83 | $ 106,338.49 | $ 345,426.02 | $ 40,002,350.59 | |||||||||
| Liabilities and Fund Equity | |||||||||||||||
| Liabilities | |||||||||||||||
| Salaries and Benefits | (3,764.52) | - | - | - | - | - | |||||||||
| Payroll Taxes | 20,835.65 | - | - | - | - | - | |||||||||
| Interfund | - | - | - | - | - | - | |||||||||
| Accounts Payable | 103,810.71 | 595,692.05 | - | - | 39,753.35 | - | |||||||||
| Long-Term Liabilities | - | - | - | - | - | 4,223,122.60 | |||||||||
| Total Liabilities | $ 120,881.84 | $ 595,692.05 | $ - | $ - | $ 39,753.35 | $ 4,223,122.60 | |||||||||
| Fund Equity | |||||||||||||||
| Investment in Gen. Fixed Assets | - | - | - | - | - | 35,779,227.99 | |||||||||
| Reserved Fund Balance | 187,336.21 | 27,690.41 | - | - | - | - | |||||||||
| Unreserved Fund Balance | 4,199,558.77 | 463,115.70 | 190,589.83 | 106,338.49 | 305,672.67 | - | |||||||||
| Total Fund Equity | $ 4,386,894.98 | $ 490,806.11 | $ 190,589.83 | $ 106,338.49 | $ 305,672.67 | $ 35,779,227.99 | |||||||||
| Total Liabilities and Fund Equity | $ 4,507,776.82 | $ 1,086,498.16 | $ 190,589.83 | $ 106,338.49 | $ 345,426.02 | $ 40,002,350.59 | |||||||||
| 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 JULY 31, 2015 | |||||||||||||||
| EXHIBIT F-II-A | |||||||||||||||
| FUND TYPE | Governmental | Fiduciary | Total | ||||||||||||
| DESCRIPTION | General | Special Revenue | Debt Service | Capital Projects | Expendable Trust | (Memorandum Only | |||||||||
| REVENUES: | |||||||||||||||
| STATE REVENUES | 12,773,985.52 | - | 541,256.00 | 110,000.00 | - | 13,425,241.52 | |||||||||
| FEDERAL REVENUES | 51,699.47 | 2,650,324.76 | - | - | - | 2,702,024.23 | |||||||||
| LOCAL REVENUES | 5,311,870.79 | 953,790.94 | - | - | 508,420.84 | 6,774,082.57 | |||||||||
| OTHER SOURCES | 43,488.96 | 66,832.09 | - | - | - | 110,321.05 | |||||||||
| TOTAL REVENUES | $ 18,181,044.74 | $ 3,670,947.79 | $ 541,256.00 | $ 110,000.00 | $ 508,420.84 | $ 23,011,669.37 | |||||||||
| EXPENDITURES: | |||||||||||||||
| INSTRUCTIONAL SERVICES | 11,437,662.50 | 1,865,099.08 | - | - | 156,276.24 | 13,459,037.82 | |||||||||
| INSTRUCTIONAL SUPPORT SERVICES | 2,934,171.87 | 366,655.53 | - | - | 204,211.23 | 3,505,038.63 | |||||||||
| OPERATION & MAINTENANCE | 1,468,817.95 | 89,317.05 | - | - | 347.84 | 1,558,482.84 | |||||||||
| AUXILIARY SERVICES | 851,393.14 | 1,351,379.94 | - | - | 12,563.07 | 2,215,336.15 | |||||||||
| GENERAL ADMINISTRATIVE SERVICES | 702,443.82 | 122,560.77 | - | 232,515.51 | - | 1,057,520.10 | |||||||||
| CAPITAL OUTLAY | 76,940.00 | - | - | - | - | 76,940.00 | |||||||||
| DEBT SERVICES | - | - | 305,979.90 | 97,419.94 | - | 403,399.84 | |||||||||
| OTHER EXPENDITURES | 388,455.63 | 285,732.73 | - | - | 114,223.12 | 788,411.48 | |||||||||
| TOTAL EXPENDITURES | $ 17,859,884.91 | $ 4,080,745.10 | $ 305,979.90 | $ 329,935.45 | $ 487,621.50 | $ 23,064,166.86 | |||||||||
| OTHER FUND SOURCES (USES): | |||||||||||||||
| TRANSFERS IN & OTHER FUND SOURCES | 292,433.55 | 174,088.46 | - | 222,290.35 | 3,321.06 | 692,133.42 | |||||||||
| TRANSFERS OUT | (160,273.59) | (148,723.99) | (222,290.35) | - | (42,273.72) | (573,561.65) | |||||||||
| TOTAL OTHER FUND SOURCES (USES) | $ 132,159.96 | $ 25,364.47 | $ (222,290.35) | $ 222,290.35 | $ (38,952.66) | $ 118,571.77 | |||||||||
| EXCESS REVENUES & OTHER SOURCES OVER(UNDER) EXPENDITURES & OTHER FUND USES | $ 453,319.79 | $ (384,432.84) | $ 12,985.75 | $ 2,354.90 | $ (18,153.32) | $ 66,074.28 | |||||||||
| BEGINNING FUND BALANCE - OCT 1 | $ 3,933,575.19 | $ 875,238.95 | $ 177,604.08 | $ 103,983.59 | $ 323,825.99 | $ 5,414,227.80 | |||||||||
| ENDING FUND BALANCE - OCT 31 | $ 4,386,894.98 | $ 490,806.11 | $ 190,589.83 | $ 106,338.49 | $ 305,672.67 | $ 5,480,302.08 | |||||||||
| ALEXANDER CITY BOARD OF EDUCATION | |||||||||||||||
| COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES | |||||||||||||||
| BUDGET AND ACTUAL | |||||||||||||||
| FISCAL PERIOD ENDING JULY 31, 2015 | |||||||||||||||
| EXHIBIT F-III-A | |||||||||||||||
| FUND TYPE | GENERAL | SPECIAL | |||||||||||||
| DESCRIPTION | BUDGET | ACTUAL | VARIANCE | BUDGET | ACTUAL | VARIANCE | |||||||||
| REVENUES: | |||||||||||||||
| STATE REVENUES | 15,291,244.58 | 12,773,985.52 | (2,517,259.06) | 504,014.00 | - | (504,014.00) | |||||||||
| FEDERAL REVENUES | 62,230.00 | 51,699.47 | (10,530.53) | 3,433,109.80 | 2,650,324.76 | (782,785.04) | |||||||||
| LOCAL REVENUES | 6,162,002.93 | 5,311,870.79 | (850,132.14) | 1,144,442.00 | 953,790.94 | (190,651.06) | |||||||||
| OTHER SOURCES | 150,538.00 | 43,488.96 | (107,049.04) | 70,287.63 | 66,832.09 | (3,455.54) | |||||||||
| TOTAL REVENUES | 21,666,015.51 | 18,181,044.74 | (3,484,970.77) | 5,151,853.43 | 3,670,947.79 | (1,480,905.64) | |||||||||
| EXPENDITURES: | |||||||||||||||
| INSTRUCTIONAL SERVICES | 13,990,389.24 | 11,437,662.50 | (2,552,726.74) | 2,302,518.35 | 1,865,099.08 | (437,419.27) | |||||||||
| INSTRUCTIONAL SUPPORT SERVICES | 3,585,729.00 | 2,934,171.87 | (651,557.13) | 481,886.40 | 366,655.53 | (115,230.87) | |||||||||
| OPERATION & MAINTENANCE | 1,931,235.34 | 1,468,817.95 | (462,417.39) | 71,444.00 | 89,317.05 | 17,873.05 | |||||||||
| AUXILIARY SERVICES | 1,044,672.00 | 851,393.14 | (193,278.86) | 1,725,938.16 | 1,351,379.94 | (374,558.22) | |||||||||
| GENERAL ADMINISTRATIVE SERVICES | 929,569.49 | 702,443.82 | (227,125.67) | 217,522.38 | 122,560.77 | (94,961.61) | |||||||||
| CAPITAL OUTLAY | 76,941.20 | 76,940.00 | (1.20) | - | - | - | |||||||||
| DEBT SERVICES | - | - | - | - | - | - | |||||||||
| PRINCIPAL | |||||||||||||||
| INTEREST | |||||||||||||||
| OTHER EXPENDITURES | 433,281.66 | 388,455.63 | (44,826.03) | 275,537.00 | 285,732.73 | 10,195.73 | |||||||||
| TOTAL EXPENDITURES | 21,991,817.93 | 17,859,884.91 | (4,131,933.02) | 5,074,846.29 | 4,080,745.10 | (994,101.19) | |||||||||
| OTHER FUND SOURCES (USES): | |||||||||||||||
| TRANSFERS IN | 187,978.70 | 169,346.70 | (18,632.00) | 163,472.00 | 174,088.46 | 10,616.46 | |||||||||
| OTHER FUND SOURCES | 179,324.65 | 123,086.85 | (56,237.80) | - | - | - | |||||||||
| OTHER FUND USES | (154,749.70) | (160,273.59) | (5,523.89) | (179,887.00) | (148,723.99) | 31,163.01 | |||||||||
| TOTAL OTHER FUND SOURCES (USES) | 212,553.65 | 132,159.96 | (80,393.69) | (16,415.00) | 25,364.47 | 41,779.47 | |||||||||
| EXCESS REVENUES & OTHER SOURCES OVER(UNDER) EXPENDITURES & OTHER FUND USES | (113,248.77) | 453,319.79 | 566,568.56 | 60,592.14 | (384,432.84) | (445,024.98) | |||||||||
| BEGINNING FUND BALANCE | 3,929,306.20 | 3,933,575.19 | 4,268.99 | 875,280.95 | 875,238.95 | (42.00) | |||||||||
| ENDING FUND BALANCE | 3,816,057.43 | 4,386,894.98 | 570,837.55 | 935,873.09 | 490,806.11 | (445,066.98) | |||||||||
| ALEXANDER CITY BOARD OF EDUCATION | |||||||||||||||
| COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES | |||||||||||||||
| BUDGET AND ACTUAL | |||||||||||||||
| FISCAL PERIOD ENDING JULY 31, 2015 | |||||||||||||||
| EXHIBIT F-III-B | |||||||||||||||
| FUND TYPE | DEBT SERVICE | CAPITAL PROJECTS | |||||||||||||
| DESCRIPTION | BUDGET | ACTUAL | VARIANCE | BUDGET | ACTUAL | VARIANCE | |||||||||
| REVENUES: | |||||||||||||||
| STATE REVENUES | 676,570.00 | 541,256.00 | (135,314.00) | 132,000.00 | 110,000.00 | (22,000.00) | |||||||||
| FEDERAL REVENUES | - | - | - | - | - | - | |||||||||
| LOCAL REVENUES | - | - | - | - | - | - | |||||||||
| OTHER SOURCES | 1,437,498.00 | - | (1,437,498.00) | - | - | - | |||||||||
| TOTAL REVENUES | 2,114,068.00 | 541,256.00 | (1,572,812.00) | 132,000.00 | 110,000.00 | (22,000.00) | |||||||||
| EXPENDITURES: | |||||||||||||||
| INSTRUCTIONAL SERVICES | - | - | - | - | - | - | |||||||||
| INSTRUCTIONAL SUPPORT SERVICES | - | - | - | - | - | - | |||||||||
| OPERATION & MAINTENANCE | - | - | - | - | - | - | |||||||||
| AUXILIARY SERVICES | - | - | - | - | - | - | |||||||||
| GENERAL ADMINISTRATIVE SERVICES | - | - | - | 243,080.90 | 232,515.51 | (10,565.39) | |||||||||
| CAPITAL OUTLAY | - | - | - | - | - | - | |||||||||
| DEBT SERVICES | 1,891,777.65 | 305,979.90 | (1,585,797.75) | 146,373.57 | 97,419.94 | (48,953.63) | |||||||||
| PRINCIPAL | |||||||||||||||
| INTEREST | |||||||||||||||
| OTHER EXPENDITURES | - | - | - | - | - | - | |||||||||
| TOTAL EXPENDITURES | 1,891,777.65 | 305,979.90 | (1,585,797.75) | 389,454.47 | 329,935.45 | (59,519.02) | |||||||||
| OTHER FUND SOURCES (USES): | |||||||||||||||
| TRANSFERS IN | - | - | - | 222,290.35 | 222,290.35 | - | |||||||||
| OTHER FUND SOURCES | - | - | - | - | - | - | |||||||||
| OTHER FUND USES | (222,290.35) | (222,290.35) | - | - | - | - | |||||||||
| TOTAL OTHER FUND SOURCES (USES) | (222,290.35) | (222,290.35) | - | 222,290.35 | 222,290.35 | - | |||||||||
| EXCESS REVENUES & OTHER SOURCES OVER(UNDER) EXPENDITURES & OTHER FUND USES | - | 12,985.75 | 12,985.75 | (35,164.12) | 2,354.90 | 37,519.02 | |||||||||
| BEGINNING FUND BALANCE | 177,604.08 | 177,604.08 | - | 103,983.59 | 103,983.59 | - | |||||||||
| ENDING FUND BALANCE | 177,604.08 | 190,589.83 | 12,985.75 | 68,819.47 | 106,338.49 | 37,519.02 | |||||||||
| ALEXANDER CITY BOARD OF EDUCATION | |||||||||||||||
| COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES | |||||||||||||||
| BUDGET AND ACTUAL | |||||||||||||||
| FISCAL PERIOD ENDING JULY 31, 2015 | |||||||||||||||
| EXHIBIT F-III-C | |||||||||||||||
| FUND TYPE | EXPENDABLE TRUST | TOTAL GOVERNMENT & EXPENDABLE TRUST FUNDS | |||||||||||||
| DESCRIPTION | BUDGET | ACTUAL | VARIANCE | BUDGET | ACTUAL | VARIANCE | |||||||||
| REVENUES: | |||||||||||||||
| STATE REVENUES | - | - | - | 16,603,828.58 | 13,425,241.52 | (3,178,587.06) | |||||||||
| FEDERAL REVENUES | - | - | - | 3,495,339.80 | 2,702,024.23 | (793,315.57) | |||||||||
| LOCAL REVENUES | 604,375.00 | 508,420.84 | (95,954.16) | 7,910,819.93 | 6,774,082.57 | (1,136,737.36) | |||||||||
| OTHER SOURCES | - | - | - | 1,658,323.63 | 110,321.05 | (1,548,002.58) | |||||||||
| TOTAL REVENUES | 604,375.00 | 508,420.84 | (95,954.16) | 29,668,311.94 | 23,011,669.37 | (6,656,642.57) | |||||||||
| EXPENDITURES: | |||||||||||||||
| INSTRUCTIONAL SERVICES | 150,725.00 | 156,276.24 | 5,551.24 | 16,443,632.59 | 13,459,037.82 | (2,984,594.77) | |||||||||
| INSTRUCTIONAL SUPPORT SERVICES | 298,850.00 | 204,211.23 | (94,638.77) | 4,366,465.40 | 3,505,038.63 | (861,426.77) | |||||||||
| OPERATION & MAINTENANCE | - | 347.84 | 347.84 | 2,002,679.34 | 1,558,482.84 | (444,196.50) | |||||||||
| AUXILIARY SERVICES | 6,600.00 | 12,563.07 | 5,963.07 | 2,777,210.16 | 2,215,336.15 | (561,874.01) | |||||||||
| GENERAL ADMINISTRATIVE SERVICES | - | - | - | 1,390,172.77 | 1,057,520.10 | (332,652.67) | |||||||||
| CAPITAL OUTLAY | - | - | - | 76,941.20 | 76,940.00 | (1.20) | |||||||||
| DEBT SERVICES | - | - | - | 2,038,151.22 | 403,399.84 | (1,634,751.38) | |||||||||
| PRINCIPAL | |||||||||||||||
| INTEREST | |||||||||||||||
| OTHER EXPENDITURES | 178,400.00 | 114,223.12 | (64,176.88) | 887,218.66 | 788,411.48 | (98,807.18) | |||||||||
| TOTAL EXPENDITURES | 634,575.00 | 487,621.50 | (146,953.50) | 29,982,471.34 | 23,064,166.86 | (6,918,304.48) | |||||||||
| OTHER FUND SOURCES (USES): | |||||||||||||||
| TRANSFERS IN | 20,000.00 | 3,321.06 | (16,678.94) | 593,741.05 | 569,046.57 | (24,694.48) | |||||||||
| OTHER FUND SOURCES | - | - | - | 179,324.65 | 123,086.85 | (56,237.80) | |||||||||
| OTHER FUND USES | (36,814.00) | (42,273.72) | (5,459.72) | (593,741.05) | (573,561.65) | 20,179.40 | |||||||||
| TOTAL OTHER FUND SOURCES (USES) | (16,814.00) | (38,952.66) | (22,138.66) | 179,324.65 | 118,571.77 | (60,752.88) | |||||||||
| EXCESS REVENUES & OTHER SOURCES OVER(UNDER) EXPENDITURES & OTHER FUND USES | (47,014.00) | (18,153.32) | 28,860.68 | (134,834.75) | 66,074.28 | 200,909.03 | |||||||||
| BEGINNING FUND BALANCE | 323,825.99 | 323,825.99 | - | 5,410,000.81 | 5,414,227.80 | 4,226.99 | |||||||||
| ENDING FUND BALANCE | 276,811.99 | 305,672.67 | 28,860.68 | 5,275,166.06 | 5,480,302.08 | 205,136.02 | |||||||||