| ALEXANDER CITY BOARD OF EDUCATION | |||||||||||||||
| COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS | |||||||||||||||
| FISCAL PERIOD ENDING MAY 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 | $ 6,426,667.00 | $ 1,184,861.07 | $ 329,404.39 | $ 187,734.84 | $ 386,341.15 | $ - | |||||||||
| Investments | - | 66,773.25 | - | - | 2,014.95 | - | |||||||||
| Receivables: | |||||||||||||||
| Interfund | - | - | - | - | - | - | |||||||||
| Other | 27,559.58 | 264,149.97 | - | - | 3,383.87 | - | |||||||||
| Inventories | - | 70,535.28 | - | - | - | - | |||||||||
| 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 | $ 6,454,226.58 | $ 1,586,319.57 | $ 329,404.39 | $ 187,734.84 | $ 391,739.97 | $ 39,943,749.21 | |||||||||
| Liabilities and Fund Equity | |||||||||||||||
| Liabilities | |||||||||||||||
| Salaries and Benefits | 355.09 | 7.80 | - | - | - | - | |||||||||
| Payroll Taxes | - | - | - | - | 44,950.14 | - | |||||||||
| Interfund | - | - | - | - | - | - | |||||||||
| Accounts Payable | 309,174.47 | 362,380.93 | - | 7,500.00 | 50,555.55 | - | |||||||||
| Long-Term Liabilities | - | - | - | - | - | 3,814,433.55 | |||||||||
| Total Liabilities | $ 309,529.56 | $ 362,388.73 | $ - | $ 7,500.00 | $ 95,505.69 | $ 3,814,433.55 | |||||||||
| Fund Equity | |||||||||||||||
| Investment in Gen. Fixed Assets | - | - | - | - | - | 36,129,315.66 | |||||||||
| Reserved Fund Balance | 250,000.00 | 70,535.28 | - | - | - | - | |||||||||
| Unreserved Fund Balance | 5,894,697.02 | 1,153,395.56 | 329,404.39 | 180,234.84 | 296,234.28 | - | |||||||||
| Total Fund Equity | $ 6,144,697.02 | $ 1,223,930.84 | $ 329,404.39 | $ 180,234.84 | $ 296,234.28 | $ 36,129,315.66 | |||||||||
| Total Liabilities and Fund Equity | $ 6,454,226.58 | $ 1,586,319.57 | $ 329,404.39 | $ 187,734.84 | $ 391,739.97 | $ 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 MAY 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 | 10,769,327.40 | - | 644,362.00 | - | - | 11,413,689.40 | |||||||||
| FEDERAL REVENUES | 32,355.12 | 2,795,620.04 | - | - | - | 2,827,975.16 | |||||||||
| LOCAL REVENUES | 6,024,799.65 | 908,272.38 | - | - | 425,891.34 | 7,358,963.37 | |||||||||
| OTHER SOURCES | 29,430.80 | 89,722.42 | - | - | - | 119,153.22 | |||||||||
| TOTAL REVENUES | $ 16,855,912.97 | $ 3,793,614.84 | $ 644,362.00 | $ - | $ 425,891.34 | $ 21,719,781.15 | |||||||||
| EXPENDITURES: | |||||||||||||||
| INSTRUCTIONAL SERVICES | 9,143,586.37 | 1,595,455.86 | - | 560,435.50 | 145,880.86 | 11,445,358.59 | |||||||||
| INSTRUCTIONAL SUPPORT SERVICES | 2,475,047.97 | 338,492.93 | - | 34,458.31 | 175,743.53 | 3,023,742.74 | |||||||||
| OPERATION & MAINTENANCE | 1,114,574.43 | 60,065.49 | - | - | 4,917.53 | 1,179,557.45 | |||||||||
| AUXILIARY SERVICES | 662,878.10 | 1,297,867.96 | - | 15,000.00 | 6,273.34 | 1,982,019.40 | |||||||||
| GENERAL ADMINISTRATIVE SERVICES | 909,023.21 | 91,860.25 | - | 130,795.57 | - | 1,131,679.03 | |||||||||
| CAPITAL OUTLAY | 166,495.59 | - | - | - | - | 166,495.59 | |||||||||
| DEBT SERVICES | - | - | 250,068.17 | 3,128.00 | - | 253,196.17 | |||||||||
| OTHER EXPENDITURES | 510,450.30 | 215,681.04 | - | - | 104,346.84 | 830,478.18 | |||||||||
| TOTAL EXPENDITURES | $ 14,982,055.97 | $ 3,599,423.53 | $ 250,068.17 | $ 743,817.38 | $ 437,162.10 | $ 20,012,527.15 | |||||||||
| OTHER FUND SOURCES (USES): | |||||||||||||||
| TRANSFERS IN & OTHER FUND SOURCES | 174,065.18 | 188,331.44 | - | 842,556.06 | 5,620.85 | 1,210,573.53 | |||||||||
| TRANSFERS OUT | (161,830.08) | (109,206.12) | (282,120.56) | - | (17,047.37) | (570,204.13) | |||||||||
| TOTAL OTHER FUND SOURCES (USES) | $ 12,235.10 | $ 79,125.32 | $ (282,120.56) | $ 842,556.06 | $ (11,426.52) | $ 640,369.40 | |||||||||
| EXCESS REVENUES & OTHER SOURCES OVER(UNDER) EXPENDITURES & OTHER FUND USES | $ 1,886,092.10 | $ 273,316.63 | $ 112,173.27 | $ 98,738.68 | $ (22,697.28) | $ 2,347,623.40 | |||||||||
| 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 | $ 6,144,697.02 | $ 1,223,930.84 | $ 329,404.39 | $ 180,234.84 | $ 296,234.28 | $ 8,174,501.37 | |||||||||
| ALEXANDER CITY BOARD OF EDUCATION | |||||||||||||||
| COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES | |||||||||||||||
| BUDGET AND ACTUAL | |||||||||||||||
| FISCAL PERIOD ENDING MAY 31, 2016 | |||||||||||||||
| EXHIBIT F-III-A | |||||||||||||||
| FUND TYPE | GENERAL | SPECIAL | |||||||||||||
| DESCRIPTION | BUDGET | ACTUAL | VARIANCE | BUDGET | ACTUAL | VARIANCE | |||||||||
| REVENUES: | |||||||||||||||
| STATE REVENUES | 15,994,042.69 | 10,769,327.40 | (5,224,715.29) | 29,917.36 | - | (29,917.36) | |||||||||
| FEDERAL REVENUES | 65,467.00 | 32,355.12 | (33,111.88) | 3,948,581.25 | 2,795,620.04 | (1,152,961.21) | |||||||||
| LOCAL REVENUES | 7,809,793.24 | 6,024,799.65 | (1,784,993.59) | 1,240,351.00 | 908,272.38 | (332,078.62) | |||||||||
| OTHER SOURCES | 150,618.00 | 29,430.80 | (121,187.20) | 76,631.00 | 89,722.42 | 13,091.42 | |||||||||
| TOTAL REVENUES | 24,019,920.93 | 16,855,912.97 | (7,164,007.96) | 5,295,480.61 | 3,793,614.84 | (1,501,865.77) | |||||||||
| EXPENDITURES: | |||||||||||||||
| INSTRUCTIONAL SERVICES | 14,135,572.70 | 9,143,586.37 | (4,991,986.33) | 2,233,660.73 | 1,595,455.86 | (638,204.87) | |||||||||
| INSTRUCTIONAL SUPPORT SERVICES | 3,829,756.42 | 2,475,047.97 | (1,354,708.45) | 539,035.05 | 338,492.93 | (200,542.12) | |||||||||
| OPERATION & MAINTENANCE | 2,026,212.00 | 1,114,574.43 | (911,637.57) | 83,675.00 | 60,065.49 | (23,609.51) | |||||||||
| AUXILIARY SERVICES | 997,681.00 | 662,878.10 | (334,802.90) | 1,842,826.00 | 1,297,867.96 | (544,958.04) | |||||||||
| GENERAL ADMINISTRATIVE SERVICES | 1,354,424.63 | 909,023.21 | (445,401.42) | 164,530.27 | 91,860.25 | (72,670.02) | |||||||||
| CAPITAL OUTLAY | 166,825.00 | 166,495.59 | (329.41) | - | - | - | |||||||||
| DEBT SERVICES | - | - | - | - | - | - | |||||||||
| PRINCIPAL | |||||||||||||||
| INTEREST | |||||||||||||||
| OTHER EXPENDITURES | 765,578.07 | 510,450.30 | (255,127.77) | 324,638.06 | 215,681.04 | (108,957.02) | |||||||||
| TOTAL EXPENDITURES | 23,276,049.82 | 14,982,055.97 | (8,293,993.85) | 5,188,365.11 | 3,599,423.53 | (1,588,941.58) | |||||||||
| OTHER FUND SOURCES (USES): | |||||||||||||||
| TRANSFERS IN | 150,797.00 | 88,579.07 | (62,217.93) | 219,146.28 | 188,331.44 | (30,814.84) | |||||||||
| OTHER FUND SOURCES | 121,069.77 | 85,486.11 | (35,583.66) | - | - | - | |||||||||
| OTHER FUND USES | (155,574.28) | (161,830.08) | (6,255.80) | (193,555.00) | (109,206.12) | 84,348.88 | |||||||||
| TOTAL OTHER FUND SOURCES (USES) | 116,292.49 | 12,235.10 | (104,057.39) | 25,591.28 | 79,125.32 | 53,534.04 | |||||||||
| EXCESS REVENUES & OTHER SOURCES OVER(UNDER) EXPENDITURES & OTHER FUND USES | 860,163.60 | 1,886,092.10 | 1,025,928.50 | 132,706.78 | 273,316.63 | 140,609.85 | |||||||||
| BEGINNING FUND BALANCE | 4,258,604.92 | 4,258,604.92 | - | 950,614.21 | 950,614.21 | - | |||||||||
| ENDING FUND BALANCE | 5,118,768.52 | 6,144,697.02 | 1,025,928.50 | 1,083,320.99 | 1,223,930.84 | 140,609.85 | |||||||||
| ALEXANDER CITY BOARD OF EDUCATION | |||||||||||||||
| COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES | |||||||||||||||
| BUDGET AND ACTUAL | |||||||||||||||
| FISCAL PERIOD ENDING MAY 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 | 644,362.00 | (230,388.00) | - | - | - | |||||||||
| FEDERAL REVENUES | - | - | - | - | - | - | |||||||||
| LOCAL REVENUES | - | - | - | - | - | - | |||||||||
| OTHER SOURCES | 1,436,185.00 | - | (1,436,185.00) | - | - | - | |||||||||
| TOTAL REVENUES | 2,310,935.00 | 644,362.00 | (1,666,573.00) | - | - | - | |||||||||
| 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 | 130,795.57 | (57,526.51) | |||||||||
| CAPITAL OUTLAY | - | - | - | - | - | - | |||||||||
| DEBT SERVICES | 2,029,975.65 | 250,068.17 | (1,779,907.48) | 3,312.00 | 3,128.00 | (184.00) | |||||||||
| PRINCIPAL | |||||||||||||||
| INTEREST | |||||||||||||||
| OTHER EXPENDITURES | - | - | - | - | - | - | |||||||||
| TOTAL EXPENDITURES | 2,029,975.65 | 250,068.17 | (1,779,907.48) | 842,556.06 | 743,817.38 | (98,738.68) | |||||||||
| 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 | 842,556.06 | - | |||||||||
| EXCESS REVENUES & OTHER SOURCES OVER(UNDER) EXPENDITURES & OTHER FUND USES | (1,161.21) | 112,173.27 | 113,334.48 | - | 98,738.68 | 98,738.68 | |||||||||
| BEGINNING FUND BALANCE | 217,231.12 | 217,231.12 | - | 81,496.16 | 81,496.16 | - | |||||||||
| ENDING FUND BALANCE | 216,069.91 | 329,404.39 | 113,334.48 | 81,496.16 | 180,234.84 | 98,738.68 | |||||||||
| ALEXANDER CITY BOARD OF EDUCATION | |||||||||||||||
| COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES | |||||||||||||||
| BUDGET AND ACTUAL | |||||||||||||||
| FISCAL PERIOD ENDING MAY 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 | - | - | - | 16,898,710.05 | 11,413,689.40 | (5,485,020.65) | |||||||||
| FEDERAL REVENUES | - | - | - | 4,014,048.25 | 2,827,975.16 | (1,186,073.09) | |||||||||
| LOCAL REVENUES | 612,707.00 | 425,891.34 | (186,815.66) | 9,662,851.24 | 7,358,963.37 | (2,303,887.87) | |||||||||
| OTHER SOURCES | - | - | - | 1,663,434.00 | 119,153.22 | (1,544,280.78) | |||||||||
| TOTAL REVENUES | 612,707.00 | 425,891.34 | (186,815.66) | 32,239,043.54 | 21,719,781.15 | (10,519,262.39) | |||||||||
| EXPENDITURES: | |||||||||||||||
| INSTRUCTIONAL SERVICES | 152,854.00 | 145,880.86 | (6,973.14) | 17,082,522.93 | 11,445,358.59 | (5,637,164.34) | |||||||||
| INSTRUCTIONAL SUPPORT SERVICES | 364,527.00 | 175,743.53 | (188,783.47) | 4,771,804.95 | 3,023,742.74 | (1,748,062.21) | |||||||||
| OPERATION & MAINTENANCE | 850.00 | 4,917.53 | 4,067.53 | 2,147,737.00 | 1,179,557.45 | (968,179.55) | |||||||||
| AUXILIARY SERVICES | 38,131.00 | 6,273.34 | (31,857.66) | 2,893,638.00 | 1,982,019.40 | (911,618.60) | |||||||||
| GENERAL ADMINISTRATIVE SERVICES | - | - | - | 1,707,276.98 | 1,131,679.03 | (575,597.95) | |||||||||
| CAPITAL OUTLAY | - | - | - | 166,825.00 | 166,495.59 | (329.41) | |||||||||
| DEBT SERVICES | - | - | - | 2,033,287.65 | 253,196.17 | (1,780,091.48) | |||||||||
| PRINCIPAL | |||||||||||||||
| INTEREST | |||||||||||||||
| OTHER EXPENDITURES | 193,405.00 | 104,346.84 | (89,058.16) | 1,283,621.13 | 830,478.18 | (453,142.95) | |||||||||
| TOTAL EXPENDITURES | 749,767.00 | 437,162.10 | (312,604.90) | 32,086,713.64 | 20,012,527.15 | (12,074,186.49) | |||||||||
| OTHER FUND SOURCES (USES): | |||||||||||||||
| TRANSFERS IN | 20,000.00 | 5,620.85 | (14,379.15) | 672,063.84 | 564,651.92 | (107,411.92) | |||||||||
| OTHER FUND SOURCES | - | - | - | 681,505.27 | 645,921.61 | (35,583.66) | |||||||||
| OTHER FUND USES | (40,814.00) | (17,047.37) | 23,766.63 | (672,063.84) | (570,204.13) | 101,859.71 | |||||||||
| TOTAL OTHER FUND SOURCES (USES) | (20,814.00) | (11,426.52) | 9,387.48 | 681,505.27 | 640,369.40 | (41,135.87) | |||||||||
| EXCESS REVENUES & OTHER SOURCES OVER(UNDER) EXPENDITURES & OTHER FUND USES | (157,874.00) | (22,697.28) | 135,176.72 | 833,835.17 | 2,347,623.40 | 1,513,788.23 | |||||||||
| BEGINNING FUND BALANCE | 318,931.56 | 318,931.56 | - | 5,826,877.97 | 5,826,877.97 | - | |||||||||
| ENDING FUND BALANCE | 161,057.56 | 296,234.28 | 135,176.72 | 6,660,713.14 | 8,174,501.37 | 1,513,788.23 | |||||||||