NEW HAVEN PUBLIC SCHOOLS

1. March 2019 (FY2019) MONTHLY FINANCIAL REPORT New Haven Board of Education Meeting April 15, 2019 NEW HAVEN PUBLIC SCHOOLS

2. Generally Accepted Accounting Principals (GAAP) for municipal governments do not provide for the systematic apportionment or allocations of expenditures to monthly accounting periods. Accordingly, the amounts captured in our MUNIS financial management system reflect the posting to various accounts in the accounting period that represents the recording period of a transaction – not necessarily the period that expenditures are incurred. 1

3. General Fund Monthly Financial Report Total Expenditures incurred through 03/31/2019 are $120.9 million or 64.55 % of the Adopted Budget. 2

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7. Grant Funding Monthly Financial Report Total Expenditures incurred through 03/31/19 are $50.8 million or 61.2% of the Grants Estimated Budget. 6

8. Grant’s fiscal year denotes the funding cycle that eligible expenses can be reimbursed. • “Award” (preliminary and final) timing is not in sync with the fiscal year requiring reimbursement for expenses previously incurred. • Amount of funding available from each specific grant may vary throughout the year based on enrollment or availability of funding from grantor. • Estimated FY2018-2019 grant funding is based on preliminary award notifications or prior year’s actual. 7

9. FY2018-2019 Estimated Grant Sources 8

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