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Brunswick City School District Financial Summary for Year Ended June 30, 2012

This financial report summarizes the Brunswick City School District's general operating funds for the fiscal year ended June 30, 2012. Presented by Treasurer Patrick K. East, it includes key figures such as the ending general fund cash balance of $7,902,525 and an unencumbered cash balance of $7,333,839. The document provides a comparison of estimated resources versus actual revenues, with total revenue at $62,077,000, and expenditures amounting to $66,801,000. Insights into the five-year financial forecast are also included, analyzing cash flow trends and projections.

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Brunswick City School District Financial Summary for Year Ended June 30, 2012

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  1. 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 Year End Summary Financial Presentation

  2. Cash Balances June 30, 2012 • General Fund Ending Cash Balance $7,902,525 • Unencumbered Cash Balance $7,333,839 Year End Summary Financial Presentation

  3. 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 Year End Summary Financial Presentation

  4. Estimates to Actual • General Fund Estimated Resources to Actual Revenue: • Total Revenue $62,077,000 1.15% Over Year End Summary Financial Presentation

  5. Estimates to Actual • General Fund Estimated Expenditures to Actual Expenditures & Encumbrances: • Total Expenditures $66,801,000 0.63% Over Year End Summary Financial Presentation

  6. Unencumbered Cash Year End Summary Financial Presentation 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

  7. Basic State Aid Year End Summary Financial Presentation 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

  8. Personal Property Taxes Year End Summary Financial Presentation 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

  9. Personal Property Reimbursement (HB 66) Year End Summary Financial Presentation 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

  10. General Fund – Federal Stimulus Money Year End Summary Financial Presentation 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

  11. 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% Year End Summary Financial Presentation

  12. Expenditures • Salaries & Benefits 85.5% • Purchased Services 7.6% • Supplies & Equipment 4.3% • Other Expenditures 2.6% Year End Summary Financial Presentation

  13. General Fund – Estimated Cash Balances Year End Summary Financial Presentation 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)

  14. Financial Forecast

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