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2006-07 Statements of Unaudited Actuals Year End Closing

Board of Education Meeting September 12, 2007. 2006-07 Statements of Unaudited Actuals Year End Closing. Leon Glaster, CFO Pauline Follansbee, Controller Dr. Kimberly Statham, State Administrator. Acknowledgement of Financial Services Staff. Terrie Williams – Executive Officer of Finance

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2006-07 Statements of Unaudited Actuals Year End Closing

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  1. Board of Education Meeting September 12, 2007 2006-07 Statements of Unaudited ActualsYear End Closing Leon Glaster, CFO Pauline Follansbee, Controller Dr. Kimberly Statham, State Administrator

  2. Acknowledgement of Financial Services Staff Terrie Williams – Executive Officer of Finance Roberta Sadler - Financial Accountant II Waly Ndiaye - Financial Accountant II Adan Hernandez - Accounting Technician- Receivables Billing Quyen Nyo – Financial Accountant I Azeb Legesse – Financial Accountant I Minh Co – Financial Accountant I Michael Ezeh – Financial Accountant I David Lewis - Financial Accountant I Tina Regueiferos – Executive Assistant to CFO

  3. Year End Closing Milestones The year end closing process was organized, integrated and streamlined to ensure accuracy. All accounts were audited, reconciled and validated. District’s books were closed on time. [Special thanks to Pauline Follansbee & staff for working weekends the last month]

  4. Unrestricted General Fund

  5. Unrestricted General FundEstimated vs. Actual

  6. Audit Findings Update

  7. Restricted (Categorical) General Fund

  8. Nutrition Services Fund

  9. Nutrition Services Fund Nutrition Services Nutritional Content and Revenue Enhancement Plan: Breakfast Expansion Program High School Meal Improvement Plan Go-Green Program Vending Pilot Program Financial Reporting System Upgrade Catering Program Cost to Implement and operate these programs is $253,000 with an expected Return-On-Investment to include - greater nutritional value for the students of OUSD and over $1 million dollars in increased annual revenues

  10. Adult Education

  11. Child Development Fund

  12. Other Funds Balances Special Reserve, Non Capital Projects Budget Estimate: $31,994,604 Year End Balance: $31,220,782 Building Fund Budget Estimate: $150,135,930 Year End Balance: $173,261,540 Deferred Maintenance Fund Budget Estimate: $0 Year End Balance: $6,151,749

  13. Other Funds Balances County Schools Facilities Fund Budget Estimate: $3,099,156 Year End Balance: $8,844,846 Capital Facilities Fund Budget Estimate: $6,676,851 Year End Balance: $7,530,989 Self Insurance Fund Budget Estimate: $7,522,721 Year End Balance: $7,409,315

  14. Custodian Historical Trends

  15. THANK YOU QUESTIONS

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