Logan City School District
Summary Budget FY18
(Tentative --- June 14, 2017)
M & O
Fund 10
Student Act.
Fund 21
Tax Increment
Fund 26
Debt Service
Fund 31
Capital Outlay
Fund 32
Food Services
Fund 49
Summary
All Funds
Revenues
Local 14,063,000 31% 1,571,500 100% 1,944,944 100% 3,827,500 100% 5,801,300 100% 615,000 20% 27,823,244 45%
State 26,633,823 59% - 0% - 0% - 0% 4,970 0% 350,000 11% 26,988,793 44%
Federal 4,636,000 10% - 0% - 0% - 0% - 0% 2,097,000 68% 6,733,000 11%
Total Revenue $45,332,823 100% $1,571,500 100% $1,944,944 100% $3,827,500 100% $5,806,270 100% $3,062,000 100% $61,545,037 100%
Expenditures
Salaries 24,720,523 56% - 0% - 0% - 0% 120,000 1% 974,500 31% 25,815,023 38%
Employee Benefits 11,572,171 26% - 0% - 0% - 0% - 0% 355,388 11% 11,927,559 18%
Purchased Prof./Tech Services 1,929,077 4% 284,000 18% - 0% - 0% 1,835,339 14% 75,000 2% 4,123,416 6%
Purchased Property Services 389,910 1% 10,000 1% - 0% - 0% 6,969,463 54% 30,000 1% 7,399,373 11%
Other Purchased Services 2,570,654 6% 40,000 2% - 0% - 0% 2,000 0% 5,500 0% 2,618,154 4%
Supplies 2,237,308 5% 1,106,700 68% - 0% - 0% - 0% 1,441,000 46% 4,785,008 7%
Property / Equipment 379,500 1% 25,700 2% - 0% - 0% 3,596,686 28% 45,000 1% 4,046,886 6%
Miscellaneous 513,765 1% 155,000 10% 1,944,944 100% 3,815,000 100% 415,126 3% 223,000 7% 7,066,835 10%
Total Expenditures $44,312,908 100% $1,621,400 100% $1,944,944 100% $3,815,000 100% $12,938,614 100% $3,149,388 100% $67,782,254 100%
Revenues Over (Under) Expenditures 1,019,915 (49,900) - 12,500 (7,132,344) (87,388) (6,237,217)
Other Financing Sources (Uses) (50,000) 50,000 - - - - -
Budgeted Net Change In Fund Balance $969,915 $100 $- $12,500 $(7,132,344) $(87,388) $(6,237,217)
Budget Beginning Fund Balance 10,996,888 546,491 - 1,752,418 10,171,658 756,723 24,224,179
Budget Ending Fund Balance $11,966,803 $546,591 $- $1,764,918 $3,039,314 $669,335 $17,986,962
Tentative Tax Rate Valuation 2,206,345,763 (Per Utah State Tax Commission)
Tentative Proposed Tax Levies Tax Levies Tax Levies Tax Levies Tax Levies Tax Levies Tax Levies
Basic School Levy 0.001568 0.001568
Voted Local Levy 0.0016 0.0016
Board Local Levy 0.002306 0.002306
Capital Local Levy 0.002399 0.002399
GO Bond Payments Levy 0.0015 0.0015
Total 0.005474 N/A 0.0015 0.002399 N/A 0.009373
Fund Definitions:
10     General Fund This fund is the chief operating fund of the school district. It is used to account for all financial resources of the school district except those required to be account for in another fund. A district may have only one general fund.
21     Student Activities Fund This fund is a special revenue fund and is used to account for the financial resources of individual schools.
26     Tax Increment Financing Fund The fund is used to show the funds the district is not receiving due to RDAs.
31     Debt Service Fund This fund is used to account for the accumulation of resources for, and the payment of, general obligation long-term debt principal and Interest
32     Capital Outlay Fund This fund is used to account for resources and payment for the acquisition of capital facilities and equipment.
49     Food Services Fund This fund is used to account for the resources and payments of the child nutrition program.
Logan City School District
Summary Budget FY18
(Tentative --- June 14, 2017)
M & O
Fund 10
Student Act.
Fund 21
Tax Increment
Fund 26
Debt Service
Fund 31
Capital Outlay
Fund 32
Food Services
Fund 49
Summary
All Funds
Revenues
Local 14,518,010 32% 1,513,000 100% 1,944,944 100% 4,322,697 100% 5,600,089 100% 615,000 20% 28,513,740 46%
State 26,233,557 57% - 0% - 0% - 0% 4,970 0% 425,000 14% 26,663,527 43%
Federal 5,298,748 12% - 0% - 0% - 0% - 0% 2,097,000 67% 7,395,748 12%
Total Revenue $46,050,315 100% $1,513,000 100% $1,944,944 100% $4,322,697 100% $5,605,059 100% $3,137,000 100% $62,573,015 100%
Expenditures
Salaries 24,643,552 56% - 0% - 0% - 0% 120,000 1% 974,500 28% 25,738,052 33%
Employee Benefits 11,578,631 26% - 0% - 0% - 0% - 0% 355,388 10% 11,934,019 15%
Purchased Prof./Tech Services 1,929,077 4% 212,000 13% - 0% - 0% 435,339 2% 75,000 2% 2,651,416 3%
Purchased Property Services 389,910 1% 25,000 2% - 0% - 0% 17,733,709 78% 30,000 1% 18,178,619 23%
Other Purchased Services 2,548,140 6% 135,000 8% - 0% - 0% 2,000 0% 5,500 0% 2,690,640 3%
Supplies 2,237,061 5% 1,006,000 63% - 0% - 0% - 0% 1,441,000 41% 4,684,061 6%
Property / Equipment 379,500 1% 48,000 3% - 0% - 0% 4,015,628 18% 390,000 11% 4,833,128 6%
Miscellaneous 513,765 1% 180,000 11% 1,944,944 100% 3,802,087 100% 415,126 2% 223,000 6% 7,078,922 9%
Total Expenditures $44,219,636 100% $1,606,000 100% $1,944,944 100% $3,802,087 100% $22,721,802 100% $3,494,388 100% $77,788,857 100%
Revenues Over (Under) Expenditures 1,830,679 (93,000) - 520,610 (17,116,743) (357,388) (15,215,842)
Other Financing Sources (Uses) (50,000) 50,000 - - 4,721,978 - 4,721,978
Budgeted Net Change In Fund Balance $1,780,679 $(43,000) $- $520,610 $(12,394,765) $(357,388) $(10,493,864)
Budget Beginning Fund Balance 9,216,209 589,491 - 1,231,808 22,566,423 1,114,111 34,718,043
Budget Ending Fund Balance $10,996,888 $546,491 $- $1,752,418 $10,171,658 $756,723 $24,224,179
Tentative Tax Rate Valuation $1,917,878,622 (Per Utah State Tax Commission)
Tentative Proposed Tax Levies Tax Levies Tax Levies Tax Levies Tax Levies Tax Levies Tax Levies
Basic School Levy 0.001675 0.001675
Voted Local Levy 0.0016 0.0016
Board Local Levy 0.0025 0.0025
Capital Local Levy 0.002319 0.002319
GO Bond Payments Levy 0.001784 0.001784
Total 0.005775 N/A 0.001784 0.002319 N/A 0.009878
Fund Definitions:
10 General Fund This fund is the chief operating fund of the school district. It is used to account for all financial resources of the school district except those required to be account for in another fund. A district may have only one general fund.
21 Student Activities Fund This fund is a special revenue fund and is used to account for the financial resources of individual schools.
26 Tax Increment Financing Fund The fund is used to show the funds the district is not receiving due to RDAs.
31 Debt Service Fund This fund is used to account for the accumulation of resources for, and the payment of, general obligation long-term debt principal and Interest
32 Capital Outlay Fund This fund is used to account for resources and payment for the acquisition of capital facilities and equipment.
49 Food Services Fund This fund is used to account for the resources and payments of the child nutrition program.
Summary 10-General Maintenance & Operations Fund
This report is based on data that has not been certified and should not be used for official reporting. Actual 2014 Final Budget 2015 Actual 2016 Original Budget 2017 Final Budget 2017 Budget Change Original Budget 2018 Budget Change
REVENUES BY SOURCE 1000 Total LOCAL $10,373,724 $11,465,308 $13,769,237 $12,431,669 $14,518,010 $2,086,341 $14,063,000 ($455,010)
2000 Total STATE $23,482,300 $24,560,103 $25,751,847 $27,433,462 $26,233,557 ($1,199,905) $26,633,823 $400,266
3000 Total FEDERAL $4,139,659 $3,573,356 $4,803,872 $4,705,426 $5,298,748 $593,322 $4,636,000 ($662,748)
TOTAL REVENUES $37,995,683 $39,598,767 $44,324,955 $44,570,557 $46,050,315 $1,479,758 $45,332,823 ($717,492)
EXPENDITURES BY OBJECT 100 Salaries $21,047,570 $22,687,110 $23,615,750 $24,726,357 $24,643,552 ($82,805) $24,720,523 $76,971
200 Employee Benefits $9,585,541 $10,431,938 $11,288,965 $11,333,597 $11,578,631 $245,034 $11,572,171 ($6,460)
300 Purchased Professional and Technical Services $1,569,276 $1,942,837 $1,903,938 $1,786,081 $1,929,077 $142,996 $1,929,077 $0
400 Purchased property Services $438,920 $388,950 $378,319 $361,480 $389,910 $28,430 $389,910 $0
500 Other Purchased Services $1,642,923 $1,657,596 $2,076,026 $2,671,612 $2,548,140 ($123,472) $2,570,654 $22,514
600 Supplies $2,369,920 $2,332,274 $2,783,991 $2,840,337 $2,237,061 ($603,276) $2,237,308 $247
700 Property $355,896 $331,968 $490,935 $333,089 $379,500 $46,411 $379,500 $0
800 Other Objects $57,595 $49,715 $368,878 $362,201 $513,765 $151,564 $513,765 $0
TOTAL EXPENDITURES $37,067,641 $39,822,388 $42,906,802 $44,414,754 $44,219,636 ($195,118) $44,312,908 $93,272
EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES $928,042 ($223,621) $1,418,153 $155,803 $1,830,679 $1,674,876 $1,019,915 ($810,764)
OTHER FINANCING SOURCES (USES) AND OTHER ITEMS ($34,010) ($50,000) ($40,961) ($50,000) ($50,000) $0 ($50,000) $0
NET CHANGE IN FUND BALANCE $894,032 ($273,621) $1,377,192 $105,803 $1,780,679 $1,674,876 $969,915 ($810,764)
FUND BALANCE - BEGINNING (FROM PRIOR YEAR) $6,325,634 $7,219,667 $7,839,017 $9,216,209 $9,216,209 $0 $10,996,888 $1,780,679
FUND BALANCE - ENDING $7,219,667 $6,946,046 $9,216,209 $9,322,012 $10,996,888 $1,674,876 $11,966,803 $969,915
Summary 21 - Student Services Fund
This report is based on data that has not been certified and should not be used for official reporting. Actual 2014 Final Budget 2015 Actual 2016 Original Budget 2017 Final Budget 2017 Budget Change Original Budget 2018 Budget Change
REVENUES BY SOURCE 1000 Total LOCAL $1,062,717 $1,382,500 $1,285,313 $1,452,500 $1,513,000 $60,500 $1,571,500 $58,500
TOTAL REVENUES $1,063,367 $1,382,500 $1,285,313 $1,452,500 $1,513,000 $60,500 $1,571,500 $58,500
EXPENDITURES BY OBJECT 300 Purchased Professional and Technical Services $56,326 $285,000 $83,560 $285,000 $212,000 ($73,000) $284,000 $72,000
400 Purchased property Services $82 $10,000 $21,428 $10,000 $25,000 $15,000 10000 ($15,000)
500 Other Purchased Services $104,579 $19,000 $125,552 $90,000 $135,000 $45,000 $40,000 ($95,000)
600 Supplies $799,078 $912,000 $982,368 $977,000 $1,006,000 $29,000 $1,106,700 $100,700
700 Property $25,000 $43,700 $25,000 $48,000 $23,000 $25,700 ($22,300)
800 Other Objects $122,713 $155,700 $84,297 $155,700 $180,000 $24,300 $155,000 ($25,000)
TOTAL EXPENDITURES $1,082,778 $1,406,700 $1,340,905 $1,542,700 $1,606,000 $63,300 $1,621,400 $15,400
EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES ($19,411) ($24,200) ($55,592) ($90,200) ($93,000) ($2,800) ($49,900) $43,100
OTHER FINANCING SOURCES (USES) AND OTHER ITEMS $34,010 $50,000 $69,707 $50,000 $50,000 $0 $50,000 $0
NET CHANGE IN FUND BALANCE $14,598 $25,800 $14,115 ($40,200) ($43,000) ($2,800) $100 $43,100
FUND BALANCE - BEGINNING (FROM PRIOR YEAR) $620,941 $635,540 $575,376 $589,491 $589,491 $0 $546,491 ($43,000)
FUND BALANCE - ENDING $635,540 $661,340 $589,491 $549,291 $546,491 ($2,800) $546,591 $100
Summary 26-Tax Increment Financing Fund
This report is based on data that has not been certified and should not be used for official reporting. Actual 2014 Final Budget 2015 Actual 2016 Original Budget 2017 Final Budget 2017 Budget Change Original Budget 2018 Budget Change
REVENUES BY SOURCE 1000 Total LOCAL $1,949,659 $2,214,442 $2,323,382 $1,944,944 ($378,438) $1,944,944 $0
TOTAL REVENUES $1,949,659 $2,214,442 $2,323,382 $1,944,944 ($378,438) $1,944,944 $0
EXPENDITURES BY OBJECT 800 Other Objects $1,949,659 $2,214,442 $2,323,382 $1,944,944 ($378,438) $1,944,944 $0
TOTAL EXPENDITURES $1,949,659 $2,214,442 $2,323,382 $1,944,944 ($378,438) $1,944,944 $0
EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES $0 $0 $0 $0 $0 $0 $0
OTHER FINANCING SOURCES (USES) AND OTHER ITEMS $0 $0 $0 $0 $0 $0 $0
NET CHANGE IN FUND BALANCE $0 $0 $0 $0 $0 $0 $0 $0
FUND BALANCE - BEGINNING (FROM PRIOR YEAR) $0 $0 $0 $0 $0 $0
FUND BALANCE - ENDING $0 $0 $0 $0 $0 $0 $0 $0
Summary 31-Debt Service Fund
This report is based on data that has not been certified and should not be used for official reporting. Actual 2014 Final Budget 2015 Actual 2016 Original Budget 2017 Final Budget 2017 Budget Change Original Budget 2018 Budget Change
REVENUES BY SOURCE 1000 Total LOCAL $2,361,633 $2,160,500 $4,376,623 $3,915,000 $4,322,697 $407,697 $3,827,500 ($495,197)
TOTAL REVENUES $2,361,633 $2,160,500 $4,376,623 $3,915,000 $4,322,697 $407,697 $3,827,500 ($495,197)
EXPENDITURES BY OBJECT 800 Other Objects $2,034,303 $2,750,391 $3,783,938 $3,796,186 $3,802,087 $5,901 $3,815,000 $12,913
TOTAL EXPENDITURES $2,034,303 $2,750,391 $3,783,938 $3,796,186 $3,802,087 $5,901 $3,815,000 $12,913
EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES $327,330 ($589,891) $592,685 $118,814 $520,610 $401,796 $12,500 ($508,110)
OTHER FINANCING SOURCES (USES) AND OTHER ITEMS $0 $0 $0 $0 $0 $0 $0 $0
NET CHANGE IN FUND BALANCE $327,330 ($589,891) $592,685 $118,814 $520,610 $401,796 $12,500 ($508,110)
FUND BALANCE - BEGINNING (FROM PRIOR YEAR) $776,430 $1,103,760 $639,123 $1,231,808 $1,231,808 $0 $1,752,418 $520,610
FUND BALANCE - ENDING $1,103,760 $513,869 $1,231,808 $1,350,622 $1,752,418 $401,796 $1,764,918 $12,500
Summary 32-Capital Fund
This report is based on data that has not been certified and should not be used for official reporting. Actual 2016 Original Budget 2017 Final Budget 2017 Budget Change Original Budget 2018 Budget Change
REVENUES BY SOURCE 1000 Total LOCAL $4,820,776 $5,437,150 $5,600,089 $162,939 $5,801,300 $201,211
2000 Total STATE $3,367 $3,367 $4,970 $1,603 $4,970 $0
TOTAL REVENUES $4,824,143 $5,440,517 $5,605,059 $164,542 $5,806,270 $201,211
EXPENDITURES BY OBJECT 100 Salaries $120,000 $120,000 $120,000 $0
300 Purchased Professional and Technical Services 333884.16 526956 435339 ($91,617) 1835339 $1,400,000
400 Purchased property Services $17,979,580 $19,295,085 $17,733,709 ($1,561,376) $6,969,463 ($10,764,246)
500 Other Purchased Services $2,000 $2,000 $2,000 $2,000 $0
600 Supplies 10532.64 0 $0 0 $0
700 Property $2,498,929 $1,012,064 $4,015,628 $3,003,564 $3,596,686 ($418,942)
800 Other Objects $415,700 $415,700 $415,126 ($574) $415,126 $0
TOTAL EXPENDITURES $21,240,625 $21,249,805 $22,721,802 $1,471,997 $12,938,614 ($9,783,188)
EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES ($16,416,482) ($15,809,288) ($17,116,743) ($1,307,455) ($7,132,344) $9,984,399
OTHER FINANCING SOURCES (USES) AND OTHER ITEMS $1,224,175 $0 $4,721,978 $4,721,978 $0 ($4,721,978)
NET CHANGE IN FUND BALANCE ($15,192,307) ($15,809,288) ($12,394,765) $3,414,523 ($7,132,344) $5,262,421
FUND BALANCE - BEGINNING (FROM PRIOR YEAR) $37,758,730 $22,566,423 $22,566,423 $0 $10,171,658 ($12,394,765)
FUND BALANCE - ENDING $22,566,423 $6,757,135 $10,171,658 $3,414,523 $3,039,314 ($7,132,344
Summary 49-Food Service Fund
This report is based on data that has not been certified and should not be used for official reporting. Actual 2014 Final Budget 2015 Actual 2016 Original Budget 2017 Final Budget 2017 Budget Change Original Budget 2018 Budget Change
REVENUES BY SOURCE 1000 Total LOCAL $597,144 $564,000 $608,800 $588,000 $615,000 ($27,000) $615,000 $0
2000 Total STATE $431,450 $425,000 $477,479 $430,000 $425,000 $5,000 $350,000 $75,000
3000 Total FEDERAL $1,993,586 $1,847,937 $2,160,334 $2,025,000 $2,097,000 ($72,000) $2,097,000 $0
TOTAL REVENUES $3,022,179 $2,836,937 $3,246,613 $3,043,000 $3,137,000 ($94,000) $3,062,000 $75,000
EXPENDITURES BY OBJECT 100 Salaries $888,335 $923,777 $934,940 $1,004,843 $974,500 $30,343 $974,500 $0
200 Employee Benefits $364,934 $328,275 $302,489 $365,919 $355,388 $10,531 $355,388 $0
300 Purchased Professional and Technical Services $62,537 $85,000 $68,390 $78,150 $75,000 $3,150 $75,000 $0
400 Purchased property Services $19,484 $20,000 $24,169 $31,260 $30,000 $1,260 $30,000 $0
500 Other Purchased Services $3,923 $3,874 $2,541 $5,731 $5,500 $231 $5,500 $0
600 Supplies $1,407,272 $1,450,000 $1,506,970 $1,501,522 $1,441,000 $60,522 $1,441,000 $0
700 Property $54,031 $19,351 $41,973 $46,890 $390,000 ($343,110) $45,000 $345,000
800 Other Objects $107,684 $178,740 $212,746 $238,755 $223,000 $15,755 $223,000 $0
TOTAL EXPENDITURES $2,908,198 $3,009,017 $3,094,218 $3,273,070 $3,494,388 ($221,318) $3,149,388 $345,000
EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES $113,981 ($172,080) $152,395 ($230,070) ($357,388) $127,318 ($87,388) ($270,000)
OTHER FINANCING SOURCES (USES) AND OTHER ITEMS $0 $0 $0 $0 $0 $0 $0 $0
NET CHANGE IN FUND BALANCE $113,981 ($172,080) $152,395 ($230,070) ($357,388) $127,318 ($87,388) ($270,000)
FUND BALANCE - BEGINNING (FROM PRIOR YEAR) $669,174 $783,155 $961,716 $1,114,111 $1,114,111 $0 $756,723 $357,388
FUND BALANCE - ENDING $783,155 $611,075 $1,114,111 $884,041 $756,723 $127,318 $669,335 $87,38