| ALEXANDER CITY BOARD OF EDUCATION | |||||||||||||||
| COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS | |||||||||||||||
| FISCAL PERIOD ENDING MARCH 31, 2016 | |||||||||||||||
| 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 | $ 6,554,209.86 | $ 986,715.99 | $ 87,464.56 | $ (40,621.07) | $ 422,783.43 | $ - | |||||||||
| Investments | - | 66,743.19 | - | - | 2,014.95 | - | |||||||||
| Receivables: | |||||||||||||||
| Interfund | - | - | - | - | - | - | |||||||||
| Other | 69,819.79 | 299,581.70 | - | - | 4,412.45 | - | |||||||||
| Inventories | - | 57,449.40 | - | - | - | - | |||||||||
| Other Assets | - | - | - | - | - | - | |||||||||
| Fixed Assets | - | - | - | - | - | 36,129,315.66 | |||||||||
| Other Debits: | |||||||||||||||
| Debt Service | - | - | - | - | - | 224,740.91 | |||||||||
| Long-Term Debt | - | - | - | - | - | 3,589,692.64 | |||||||||
| Total Assets and Other Debits | $ 6,624,029.65 | $ 1,410,490.28 | $ 87,464.56 | $ (40,621.07) | $ 429,210.83 | $ 39,943,749.21 | |||||||||
| Liabilities and Fund Equity | |||||||||||||||
| Liabilities | |||||||||||||||
| Salaries and Benefits | 194.47 | - | - | - | - | - | |||||||||
| Payroll Taxes | - | - | - | - | 45,631.55 | - | |||||||||
| Interfund | - | - | - | - | - | - | |||||||||
| Accounts Payable | 356,107.92 | 309,918.89 | - | 45,206.31 | 66,676.74 | - | |||||||||
| Long-Term Liabilities | - | - | - | - | - | 3,814,433.55 | |||||||||
| Total Liabilities | $ 356,302.39 | $ 309,918.89 | $ - | $ 45,206.31 | $ 112,308.29 | $ 3,814,433.55 | |||||||||
| Fund Equity | |||||||||||||||
| Investment in Gen. Fixed Assets | - | - | - | - | - | 36,129,315.66 | |||||||||
| Reserved Fund Balance | 250,000.00 | 57,449.40 | - | - | - | - | |||||||||
| Unreserved Fund Balance | 6,017,727.26 | 1,043,121.99 | 87,464.56 | (85,827.38) | 316,902.54 | - | |||||||||
| Total Fund Equity | $ 6,267,727.26 | $ 1,100,571.39 | $ 87,464.56 | $ (85,827.38) | $ 316,902.54 | $ 36,129,315.66 | |||||||||
| Total Liabilities and Fund Equity | $ 6,624,029.65 | $ 1,410,490.28 | $ 87,464.56 | $ (40,621.07) | $ 429,210.83 | $ 39,943,749.21 | |||||||||
| 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, 2016 | |||||||||||||||
| EXHIBIT F-II-A | |||||||||||||||
| FUND TYPE | Governmental | Fiduciary | Total | ||||||||||||
| DESCRIPTION | General | Special Revenue | Debt Service | Capital Projects | Expendable Trust | (Memorandum Only | |||||||||
| REVENUES: | |||||||||||||||
| STATE REVENUES | 8,112,078.73 | - | 70,206.00 | - | - | 8,182,284.73 | |||||||||
| FEDERAL REVENUES | 17,174.61 | 2,188,735.37 | - | - | - | 2,205,909.98 | |||||||||
| LOCAL REVENUES | 5,205,109.58 | 722,317.39 | - | - | 350,084.09 | 6,277,511.06 | |||||||||
| OTHER SOURCES | 16,798.80 | 31,057.33 | - | - | - | 47,856.13 | |||||||||
| TOTAL REVENUES | $ 13,351,161.72 | $ 2,942,110.09 | $ 70,206.00 | $ - | $ 350,084.09 | $ 16,713,561.90 | |||||||||
| EXPENDITURES: | |||||||||||||||
| INSTRUCTIONAL SERVICES | 6,879,425.26 | 1,316,505.70 | - | 560,435.50 | 101,267.39 | 8,857,633.85 | |||||||||
| INSTRUCTIONAL SUPPORT SERVICES | 1,872,952.97 | 251,279.98 | - | 34,458.31 | 145,630.96 | 2,304,322.22 | |||||||||
| OPERATION & MAINTENANCE | 844,180.05 | 50,726.43 | - | - | 4,917.53 | 899,824.01 | |||||||||
| AUXILIARY SERVICES | 494,588.49 | 970,629.67 | - | 15,000.00 | 4,668.66 | 1,484,886.82 | |||||||||
| GENERAL ADMINISTRATIVE SERVICES | 709,137.34 | 71,752.88 | - | 116,025.23 | - | 896,915.45 | |||||||||
| CAPITAL OUTLAY | 167,285.92 | - | - | - | - | 167,285.92 | |||||||||
| DEBT SERVICES | - | - | 199,972.56 | 1,840.00 | - | 201,812.56 | |||||||||
| OTHER EXPENDITURES | 377,477.55 | 194,111.40 | - | - | 89,177.81 | 660,766.76 | |||||||||
| TOTAL EXPENDITURES | $ 11,345,047.58 | $ 2,855,006.06 | $ 199,972.56 | $ 727,759.04 | $ 345,662.35 | $ 15,473,447.59 | |||||||||
| OTHER FUND SOURCES (USES): | |||||||||||||||
| TRANSFERS IN & OTHER FUND SOURCES | 139,328.28 | 141,152.37 | - | 560,435.50 | 5,620.85 | 846,537.00 | |||||||||
| TRANSFERS OUT | (136,320.08) | (78,299.22) | - | - | (12,071.61) | (226,690.91) | |||||||||
| TOTAL OTHER FUND SOURCES (USES) | $ 3,008.20 | $ 62,853.15 | $ - | $ 560,435.50 | $ (6,450.76) | $ 619,846.09 | |||||||||
| EXCESS REVENUES & OTHER SOURCES OVER(UNDER) EXPENDITURES & OTHER FUND USES | $ 2,009,122.34 | $ 149,957.18 | $ (129,766.56) | $ (167,323.54) | $ (2,029.02) | $ 1,859,960.40 | |||||||||
| BEGINNING FUND BALANCE - OCT 1 | $ 4,258,604.92 | $ 950,614.21 | $ 217,231.12 | $ 81,496.16 | $ 318,931.56 | $ 5,826,877.97 | |||||||||
| ENDING FUND BALANCE - OCT 31 | $ 6,267,727.26 | $ 1,100,571.39 | $ 87,464.56 | $ (85,827.38) | $ 316,902.54 | $ 7,686,838.37 | |||||||||
| ALEXANDER CITY BOARD OF EDUCATION | |||||||||||||||
| COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES | |||||||||||||||
| BUDGET AND ACTUAL | |||||||||||||||
| FISCAL PERIOD ENDING MARCH 31, 2016 | |||||||||||||||
| EXHIBIT F-III-A | |||||||||||||||
| FUND TYPE | GENERAL | SPECIAL | |||||||||||||
| DESCRIPTION | BUDGET | ACTUAL | VARIANCE | BUDGET | ACTUAL | VARIANCE | |||||||||
| REVENUES: | |||||||||||||||
| STATE REVENUES | 15,993,195.02 | 8,112,078.73 | (7,881,116.29) | 29,917.36 | - | (29,917.36) | |||||||||
| FEDERAL REVENUES | 65,467.00 | 17,174.61 | (48,292.39) | 3,871,031.25 | 2,188,735.37 | (1,682,295.88) | |||||||||
| LOCAL REVENUES | 7,608,096.24 | 5,205,109.58 | (2,402,986.66) | 1,251,536.00 | 722,317.39 | (529,218.61) | |||||||||
| OTHER SOURCES | 150,618.00 | 16,798.80 | (133,819.20) | 58,842.00 | 31,057.33 | (27,784.67) | |||||||||
| TOTAL REVENUES | 23,817,376.26 | 13,351,161.72 | (10,466,214.54) | 5,211,326.61 | 2,942,110.09 | (2,269,216.52) | |||||||||
| EXPENDITURES: | |||||||||||||||
| INSTRUCTIONAL SERVICES | 14,230,930.94 | 6,879,425.26 | (7,351,505.68) | 2,261,394.70 | 1,316,505.70 | (944,889.00) | |||||||||
| INSTRUCTIONAL SUPPORT SERVICES | 3,818,616.75 | 1,872,952.97 | (1,945,663.78) | 522,426.08 | 251,279.98 | (271,146.10) | |||||||||
| OPERATION & MAINTENANCE | 1,909,794.00 | 844,180.05 | (1,065,613.95) | 82,175.00 | 50,726.43 | (31,448.57) | |||||||||
| AUXILIARY SERVICES | 993,545.00 | 494,588.49 | (498,956.51) | 1,940,725.00 | 970,629.67 | (970,095.33) | |||||||||
| GENERAL ADMINISTRATIVE SERVICES | 1,276,162.39 | 709,137.34 | (567,025.05) | 164,530.27 | 71,752.88 | (92,777.39) | |||||||||
| CAPITAL OUTLAY | 166,349.00 | 167,285.92 | 936.92 | - | - | - | |||||||||
| DEBT SERVICES | - | - | - | - | - | - | |||||||||
| PRINCIPAL | |||||||||||||||
| INTEREST | |||||||||||||||
| OTHER EXPENDITURES | 764,131.07 | 377,477.55 | (386,653.52) | 296,713.06 | 194,111.40 | (102,601.66) | |||||||||
| TOTAL EXPENDITURES | 23,159,529.15 | 11,345,047.58 | (11,814,481.57) | 5,267,964.11 | 2,855,006.06 | (2,412,958.05) | |||||||||
| OTHER FUND SOURCES (USES): | |||||||||||||||
| TRANSFERS IN | 142,797.00 | 76,213.11 | (66,583.89) | 219,146.28 | 141,152.37 | (77,993.91) | |||||||||
| OTHER FUND SOURCES | 121,069.77 | 63,115.17 | (57,954.60) | - | - | - | |||||||||
| OTHER FUND USES | (155,574.28) | (136,320.08) | 19,254.20 | (193,555.00) | (78,299.22) | 115,255.78 | |||||||||
| TOTAL OTHER FUND SOURCES (USES) | 108,292.49 | 3,008.20 | (105,284.29) | 25,591.28 | 62,853.15 | 37,261.87 | |||||||||
| EXCESS REVENUES & OTHER SOURCES OVER(UNDER) EXPENDITURES & OTHER FUND USES | 766,139.60 | 2,009,122.34 | 1,242,982.74 | (31,046.22) | 149,957.18 | 181,003.40 | |||||||||
| BEGINNING FUND BALANCE | 4,258,604.92 | 4,258,604.92 | - | 950,614.21 | 950,614.21 | - | |||||||||
| ENDING FUND BALANCE | 5,024,744.52 | 6,267,727.26 | 1,242,982.74 | 919,567.99 | 1,100,571.39 | 181,003.40 | |||||||||
| ALEXANDER CITY BOARD OF EDUCATION | |||||||||||||||
| COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES | |||||||||||||||
| BUDGET AND ACTUAL | |||||||||||||||
| FISCAL PERIOD ENDING MARCH 31, 2016 | |||||||||||||||
| EXHIBIT F-III-B | |||||||||||||||
| FUND TYPE | DEBT SERVICE | CAPITAL PROJECTS | |||||||||||||
| DESCRIPTION | BUDGET | ACTUAL | VARIANCE | BUDGET | ACTUAL | VARIANCE | |||||||||
| REVENUES: | |||||||||||||||
| STATE REVENUES | 874,750.00 | 70,206.00 | (804,544.00) | - | - | - | |||||||||
| FEDERAL REVENUES | - | - | - | - | - | - | |||||||||
| LOCAL REVENUES | - | - | - | - | - | - | |||||||||
| OTHER SOURCES | 1,436,185.00 | - | (1,436,185.00) | - | - | - | |||||||||
| TOTAL REVENUES | 2,310,935.00 | 70,206.00 | (2,240,729.00) | - | - | - | |||||||||
| EXPENDITURES: | |||||||||||||||
| INSTRUCTIONAL SERVICES | - | - | - | 560,435.50 | 560,435.50 | - | |||||||||
| INSTRUCTIONAL SUPPORT SERVICES | - | - | - | 38,486.48 | 34,458.31 | (4,028.17) | |||||||||
| OPERATION & MAINTENANCE | - | - | - | 37,000.00 | - | (37,000.00) | |||||||||
| AUXILIARY SERVICES | - | - | - | 15,000.00 | 15,000.00 | - | |||||||||
| GENERAL ADMINISTRATIVE SERVICES | - | - | - | 188,322.08 | 116,025.23 | (72,296.85) | |||||||||
| CAPITAL OUTLAY | - | - | - | - | - | - | |||||||||
| DEBT SERVICES | 2,029,975.65 | 199,972.56 | (1,830,003.09) | 3,312.00 | 1,840.00 | (1,472.00) | |||||||||
| PRINCIPAL | |||||||||||||||
| INTEREST | |||||||||||||||
| OTHER EXPENDITURES | - | - | - | - | - | - | |||||||||
| TOTAL EXPENDITURES | 2,029,975.65 | 199,972.56 | (1,830,003.09) | 842,556.06 | 727,759.04 | (114,797.02) | |||||||||
| OTHER FUND SOURCES (USES): | |||||||||||||||
| TRANSFERS IN | - | - | - | 282,120.56 | - | (282,120.56) | |||||||||
| OTHER FUND SOURCES | - | - | - | 560,435.50 | 560,435.50 | - | |||||||||
| OTHER FUND USES | (282,120.56) | - | 282,120.56 | - | - | - | |||||||||
| TOTAL OTHER FUND SOURCES (USES) | (282,120.56) | - | 282,120.56 | 842,556.06 | 560,435.50 | (282,120.56) | |||||||||
| EXCESS REVENUES & OTHER SOURCES OVER(UNDER) EXPENDITURES & OTHER FUND USES | (1,161.21) | (129,766.56) | (128,605.35) | - | (167,323.54) | (167,323.54) | |||||||||
| BEGINNING FUND BALANCE | 217,231.12 | 217,231.12 | - | 81,496.16 | 81,496.16 | - | |||||||||
| ENDING FUND BALANCE | 216,069.91 | 87,464.56 | (128,605.35) | 81,496.16 | (85,827.38) | (167,323.54) | |||||||||
| ALEXANDER CITY BOARD OF EDUCATION | |||||||||||||||
| COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES | |||||||||||||||
| BUDGET AND ACTUAL | |||||||||||||||
| FISCAL PERIOD ENDING MARCH 31, 2016 | |||||||||||||||
| EXHIBIT F-III-C | |||||||||||||||
| FUND TYPE | EXPENDABLE TRUST | TOTAL GOVERNMENT & EXPENDABLE TRUST FUNDS | |||||||||||||
| DESCRIPTION | BUDGET | ACTUAL | VARIANCE | BUDGET | ACTUAL | VARIANCE | |||||||||
| REVENUES: | |||||||||||||||
| STATE REVENUES | - | - | - | 16,897,862.38 | 8,182,284.73 | (8,715,577.65) | |||||||||
| FEDERAL REVENUES | - | - | - | 3,936,498.25 | 2,205,909.98 | (1,730,588.27) | |||||||||
| LOCAL REVENUES | 612,707.00 | 350,084.09 | (262,622.91) | 9,472,339.24 | 6,277,511.06 | (3,194,828.18) | |||||||||
| OTHER SOURCES | - | - | - | 1,645,645.00 | 47,856.13 | (1,597,788.87) | |||||||||
| TOTAL REVENUES | 612,707.00 | 350,084.09 | (262,622.91) | 31,952,344.87 | 16,713,561.90 | (15,238,782.97) | |||||||||
| EXPENDITURES: | |||||||||||||||
| INSTRUCTIONAL SERVICES | 152,854.00 | 101,267.39 | (51,586.61) | 17,205,615.14 | 8,857,633.85 | (8,347,981.29) | |||||||||
| INSTRUCTIONAL SUPPORT SERVICES | 364,527.00 | 145,630.96 | (218,896.04) | 4,744,056.31 | 2,304,322.22 | (2,439,734.09) | |||||||||
| OPERATION & MAINTENANCE | 850.00 | 4,917.53 | 4,067.53 | 2,029,819.00 | 899,824.01 | (1,129,994.99) | |||||||||
| AUXILIARY SERVICES | 38,131.00 | 4,668.66 | (33,462.34) | 2,987,401.00 | 1,484,886.82 | (1,502,514.18) | |||||||||
| GENERAL ADMINISTRATIVE SERVICES | - | - | - | 1,629,014.74 | 896,915.45 | (732,099.29) | |||||||||
| CAPITAL OUTLAY | - | - | - | 166,349.00 | 167,285.92 | 936.92 | |||||||||
| DEBT SERVICES | - | - | - | 2,033,287.65 | 201,812.56 | (1,831,475.09) | |||||||||
| PRINCIPAL | |||||||||||||||
| INTEREST | |||||||||||||||
| OTHER EXPENDITURES | 193,405.00 | 89,177.81 | (104,227.19) | 1,254,249.13 | 660,766.76 | (593,482.37) | |||||||||
| TOTAL EXPENDITURES | 749,767.00 | 345,662.35 | (404,104.65) | 32,049,791.97 | 15,473,447.59 | (16,576,344.38) | |||||||||
| OTHER FUND SOURCES (USES): | |||||||||||||||
| TRANSFERS IN | 20,000.00 | 5,620.85 | (14,379.15) | 664,063.84 | 222,986.33 | (441,077.51) | |||||||||
| OTHER FUND SOURCES | - | - | - | 681,505.27 | 623,550.67 | (57,954.60) | |||||||||
| OTHER FUND USES | (40,814.00) | (12,071.61) | 28,742.39 | (672,063.84) | (226,690.91) | 445,372.93 | |||||||||
| TOTAL OTHER FUND SOURCES (USES) | (20,814.00) | (6,450.76) | 14,363.24 | 673,505.27 | 619,846.09 | (53,659.18) | |||||||||
| EXCESS REVENUES & OTHER SOURCES OVER(UNDER) EXPENDITURES & OTHER FUND USES | (157,874.00) | (2,029.02) | 155,844.98 | 576,058.17 | 1,859,960.40 | 1,283,902.23 | |||||||||
| BEGINNING FUND BALANCE | 318,931.56 | 318,931.56 | - | 5,826,877.97 | 5,826,877.97 | - | |||||||||
| ENDING FUND BALANCE | 161,057.56 | 316,902.54 | 155,844.98 | 6,402,936.14 | 7,686,838.37 | 1,283,902.23 | |||||||||