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Washington Grade School District 52 2009-2010 Adopted Budget September 2009

Washington Grade School District 52 2009-2010 Adopted Budget September 2009. Budget 2009-2010 Informational Notes. WGSD uses Cash Basis Accounting: Revenues and expenditures are recognized at the time cash is received or disbursed. School Year / Fiscal Year This year we are in:

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Washington Grade School District 52 2009-2010 Adopted Budget September 2009

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  1. Washington Grade School District 522009-2010 Adopted BudgetSeptember 2009

  2. Budget 2009-2010Informational Notes • WGSD uses Cash Basis Accounting:Revenues and expenditures are recognized at the time cash is received or disbursed. • School Year / Fiscal Year • This year we are in: • School Year (SY) 2009-10 • Fiscal Year (FY) 2010

  3. Budget 2009-2010Informational Notes • Public School Budgets are estimates of revenues and expenditures. With some uncertainty with regard to funding from Springfield, this budget was prepared using conservative estimates: • Revenues are budgeted using most recent estimates • Expenditures are budgeted using high estimates

  4. Budget 2009-2010Informational Notes • The partial abolishment of dollars from the working cash fund (transfer from WC to Ed then to O&M) is not included in the budget • There will be deficit spending in: • Ed Fund • O&M Fund

  5. Budget Summary Detail“Operating” Funds • State Defined “Operating” Funds • Education Fund • Operations & Maintenance • Transportation Fund • Working Cash Fund These funds are used in the formula to determine the financial profile of a school district

  6. Revenues

  7. Revenue Sources Local Sources: • Tax Revenues from Levy • Corporate Personal Property Replacement Tax • Food Service Revenues (Lunch Sales) • Fees • Interest State Sources: • General State Aid • Grant Revenues • Sub-Categoricals (Special Ed/Transportation Reimbursements) Federal Sources: • Title Funding • Block Grants • I.D.E.A.

  8. Revenue SourcesOperating Funds

  9. Revenue by Fund

  10. Expenditures All Expenditures do not reflect transfer amounts

  11. Categories: Salaries Benefits Purchased Services Supplies Capital Outlay Other Funds: Education O & M Transportation Working Cash Bond and Interest IMRF Tort Health/Life/Safety ExpendituresOverview ISBE classifies expenditures using the following

  12. Education Fund Expenditures

  13. Operations & Maintenance Expenditures

  14. Transportation Expenditures

  15. Operating Fund Expenditures

  16. Budget Summary DetailEducation Fund

  17. Budget Summary DetailOperations & Maint Fund

  18. Budget Summary DetailTransportation Fund

  19. Budget Summary DetailWorking Cash Fund

  20. Budget Summary DetailTotal “Operating” Funds

  21. Budget Summary DetailRestricted Funds - Bond Fund

  22. Budget Summary DetailRestricted Funds – IMRF Fund

  23. Budget Summary DetailRestricted Funds – Tort

  24. Budget Summary DetailRestricted Funds – Health Life Safety Fund

  25. Budget Summary DetailTotal All Funds

  26. Working Together / Achieving Excellence

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