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Sandoval CUSD 501 |
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13-058-5010-26 |
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DEFICIT BUDGET SUMMARY INFORMATION |
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OPERATING FUNDS ONLY |
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EDUCATIONAL |
OPERATIONS & MAINTENANCE |
TRANSPORTATION |
WORKING CASH |
TOTAL |
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1. |
Direct Revenues |
4,200,857
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239,986
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312,239
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7,940 |
4,761,022
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2. |
Direct Expenditures |
3,921,394
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537,744
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327,114
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4,786,252
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3. |
Difference |
279,463 |
(297,758) |
(14,875) |
7,940 |
(25,230) |
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4. |
Estimated Fund Balance - June 30, 2008 |
1,039,381
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184,544
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162,097
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0 |
1,386,022 |
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Unbalanced Budget, however, a deficit reduction plan is not required at
this time. |
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* |
A deficit reduction plan is required if the local board of education
adopts (or amends) the 2007-08 school district budget in which the
“operating funds” listed above result in direct revenues (line 1) being
less than direct expenditures (line 2) by an amount equal to or greater
than one-third (1/3) of the ending fund balance (line 4). |
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Note: The balance is determined using only the four
funds listed above. That is, if the estimated ending fund balance is
less than three times the deficit spending, the district must adopt and
file with ISBE a deficit reduction plan to balance the shortfall within
three years. |
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The deficit reduction plan, if required, is developed using ISBE
guidelines and format (See Tab FinPlan 2008-11). |
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13-058-5010-26 |
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SUMMARY |
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District Number |
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ESTIMATED BUDGET |
ESTIMATED BUDGET |
ESTIMATED BUDGET |
ESTIMATED BUDGET |
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BUDGET ADDENDUM - DEFICIT REDUCTION PLAN |
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Sandoval CUSD 501 |
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FY2007-08 |
FY2008-09 |
FY2009-10 |
FY2010-11 |
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ESTIMATED BUDGET |
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District Name |
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Date of Adoption: |
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Marion |
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(Enter as MM/DD/YY) |
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County |
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Educational Fund |
Operations & Maintenance Fund |
Transportation Fund |
Working Cash Fund |
Total |
Educational Fund |
Operations & Maintenance Fund |
Transportation Fund |
Working Cash Fund |
Total |
Educational Fund |
Operations & Maintenance Fund |
Transportation Fund |
Working Cash Fund |
Total |
Educational Fund |
Operations & Maintenance Fund |
Transportation Fund |
Working Cash Fund |
Total |
FY2007-08 |
FY2008-09 |
FY2009-10 |
FY2010-11 |
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1. |
ESTIMATED BEGINNING FUND BALANCES
(must equal prior Ending Fund Balance) |
751,978 |
361,860 |
176,972 |
0
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1,290,810 |
1,039,381 |
184,544 |
162,097 |
0
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1,386,022 |
1,039,381 |
184,544 |
162,097 |
0
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1,386,022 |
1,039,381 |
184,544 |
162,097 |
0
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1,386,022 |
1,290,810 |
1,386,022 |
1,386,022 |
1,386,022 |
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RECEIPTS/REVENUES |
Acct No. |
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2. |
Local Sources |
1000 |
712,642 |
91,486 |
37,239 |
7,940 |
849,307 |
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0 |
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0 |
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0 |
849,307 |
0 |
0 |
0 |
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3. |
Flow-through Receipts/Revenue from One LEA to Another LEA |
2000 |
0 |
0 |
0 |
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0 |
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0
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0
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0
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0
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0
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0
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0
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4. |
State Sources |
3000 |
2,997,246 |
148,500 |
275,000 |
0
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3,420,746 |
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0
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0
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