1Year End Summary Financial

Presentation

Financial Report

Summary Financial Report for the General Operating Funds of the Brunswick City

School District Year Ended June 30, 2012

Presented by:

Patrick K. East, Treasurer/CFO

2Year End Summary Financial

Presentation

Cash Balances

June 30, 2012

General Fund Ending Cash Balance $7,902,525

Unencumbered Cash Balance $7,333,839

3Year End Summary Financial

Presentation

Days of Operating Cash

Based on a 240 day Operating Year, our ending General Fun Cash Balance had an

equivalent reserve to cover:

26 Days

4Year End Summary Financial

Presentation

Estimates to Actual

General Fund Estimated Resources to Actual Revenue:

Total Revenue $62,077,000

1.15% Over

5Year End Summary Financial

Presentation

Estimates to Actual

General Fund Estimated Expenditures to Actual Expenditures & Encumbrances:

Total Expenditures $66,801,000

0.63% Over

Unencumbered Cash

FY 2013 $1,129,000 est

FY 2012 $7,333,000

FY 2011 $11,137,000

FY 2010 $11,693,000

FY 2009 $9,889,000

FY 2008 $5,948,000

FY 2007 $1,961,000

FY 2006 $1,547,000

6Year End Summary Financial

Presentation

Basic State Aid

FY 2013 $20,015,000 est

FY 2012 $20,592,000

FY 2011 $19,984,000

FY 2010 $20,676,000

FY 2009 $22,275,000

FY 2008 $22,249,000

FY 2007 $22,296,000

FY 2006 $22,298,000

7Year End Summary Financial

Presentation

Personal Property Taxes

FY 2013 $ 816,000 est

FY 2012 $ 827,000

FY 2011 $ 825,000

FY 2010 $ 888,000

FY 2009 $1,668,000

FY 2008 $2,601,000

FY 2007 $3,423,000

FY 2006 $3,692,000

8Year End Summary Financial

Presentation

Personal Property Reimbursement (HB 66)

FY 2013 $ none

FY 2012 $ 932,000

FY 2011 $2,222,000

FY 2010 $2,182,000

FY 2009 $1,854,000

FY 2008 $1,024,000

FY 2007 $ 770,000

FY 2006 $ 129,000

9Year End Summary Financial

Presentation

General Fund – Federal Stimulus Money

FY 2013 $ none

FY 2012 $ 1,186,000

FY 2011 $ 1,698,000

FY 2010 $ 1,398,000

FY 2009 $ none

FY 2008 $ none

FY 2007 $ none

FY 2006 $ none

10Year End Summary Financial

Presentation

11Year End Summary Financial

Presentation

Sources of Revenue

Real & Personal Property Tax 53.4%

State Basic Aid 33.2%

Federal Aid (ARRA) 2.0%

Other State Aid 9.4%

Local Sources 2.0%

12Year End Summary Financial

Presentation

Expenditures

Salaries & Benefits 85.5%

Purchased Services 7.6%

Supplies & Equipment 4.3%

Other Expenditures 2.6%

General Fund – Estimated Cash Balances

Five Year Forecast

• FY 2013 $ 1,129,000

FY 2014 ($ 5,152,000)

FY 2015 ($ 13,599,000)

FY 2016 ($ 24,348,000)

FY 2017 ($ 37,541,000)

13Year End Summary Financial

Presentation

Financial Forecast

14

FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013

TOTAL RECEIPTS 59106899 65307758 64662151 64812986 63307413 62077025 58890000

TOTAL EXPENDI-TURES

58433912 61295812 60465720 61946234 65268869 66232254 65628231

$55,000,000

$57,000,000

$59,000,000

$61,000,000

$63,000,000

$65,000,000

$67,000,000

Brunswick City School District Operating Funds