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Douglas County School District 2nd Quarter Financial Report Overview - March 6, 2012

This report presents the Douglas County School District's financial performance for the second quarter of FY 2012, focusing on the General Fund. It offers a comparison of the projected ending fund balances against the audited figures from FY 2011. Excluding the Risk Insurance and Transportation Funds, the current projected drawdown of the unassigned fund balance and budgeted savings are highlighted. Key figures include the unassigned fund balance of $26.8M from FY 2011, assigned budget allocation of $11.7M, and a projected ending balance of $20.3M for FY 2012.

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Douglas County School District 2nd Quarter Financial Report Overview - March 6, 2012

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  1. Douglas CountySchool District Re. 1 Board Of Education 2nd Quarter Financial Report March 6, 2012

  2. General Fund* Ending Fund Balance Comparison(FY 2011 Audited vs FY 2012 Projected) *This comparison excludes the Risk Insurance Fund and the Transportation Fund – those two funds account for the difference between the $66.4 M and the $65.1 M reflected on the 2nd Quarter Financial Report, pg 1.

  3. Current Year (FY 2012) Projected Drawdown of Unassigned Fund Balance • Last Year (FY 2011) Unassigned • Fund Balance : $26.8 M • Dollars “Assigned” to balance the • FY 2012 Budget: $11.7 M • Current Year (FY 2012) Budgeted • Ending Fund Balance: $15.1 M • Realized Current Year Savings $ 5.2 M • FY 2012 Projected Unassigned $ 20.3 M • Fund Balance

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