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 2017 Original Budget 2018 Final Budget 2018 Budget Change Original Budget 2019 Budget Change
REVENUES
BY
SOURCE
1000 Total LOCAL $15,314,181 $15,432,562 $16,323,179 $890,617 $16,874,7912 $55,612
2000 Total STATE $26,649,967 $27,951,952 $26,818,153 ($1,133,799) $28,328,446 $1,510,293
3000 Total FEDERAL $5,199,557 $4,963,525 $5,699,557 $736,032 $5,699,557 $04
TOTAL REVENUES $47,163,704 $48,348,039 $48,840,888 $492,849 $50,902,7939 $2,061,905
EXPENDITURES
BY
OBJECT
100 Salaries $23,772,979 $27,142,101 $26,563,949 ($578,152) $29,481,765 $2,917,815
200 Employee Benefits $11,225,371 $12,528,945 $12,328,413 ($200,532) $13,640,538 $1,312,125
300 Purchased Professional and Technical Services $1,787,758 $1,894,136 $2.133.324 $239,188 $1,859,138 ($274,186)
400 Purchased property Services $376,994 $389,910 $369,674 $437,994 $407,6684 ($400,00)
500 Other Purchased Services $2,316,694 $2,131,939 $2,311,918 $179,979 $2,332,819 $20,900
600 Supplies $2,535,884 $2,643,400 $2,461,272 ($182,128) $2,461,458 $186
700 Property $530,393 $501,855 $345,354 ($156,501) $345,354 $0
800 Other Objects $65,141 $512,190 $77,074 ($435,116) $81,954 $4,880
TOTAL EXPENDITURES $42611,215/td> $47,724,240 $47,028,973 ($695,267) $50,610,693 $3,581,720
EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES $4,552,490 $623,799 $1,811,915 $1,188,116 $292,100 ($1,519,815)
OTHER FINANCING SOURCES (USES) AND OTHER ITEMS ($66,314) ($50,000) ($66,314) ($16,314) ($66,314) $0
NET CHANGE IN FUND BALANCE $4,486,176 $573,799 $1,745,602 $1,171,803 $225,787 ($1,519,815)
FUND BALANCE - BEGINNING (FROM PRIOR YEAR) $12,865,083 $17,351,259 $17,351,259 $0 $19,096,860 $1,745,602
FUND BALANCE - ENDING $17,351,259 $17,925,058 $19,096,860 $1,171,803 $19,322,647 $225,787
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 2017 Original Budget 2018 Final Budget 2018 Budget Change Original Budget 2019 Budget Change
REVENUES
BY
SOURCE
1000 Total LOCAL $1388,730 $1561,234 $1,692,500 $131,266 $1,892,500 $200,000
TOTAL REVENUES $1388,730 $1561,234 $1,692,500 $131,266 $1,892,500 $200,000
EXPENDITURES BY OBJECT
300 Purchased Professional and Technical Services $57,050 $234,000 $234,000 $0 $234,000 $0
400 Purchased property Services $485 $10,000 $10,000 $0 $10,000 $0
500 Other Purchased Services $109,510 $40,000 $40,000 $0 $40,000 $0
600 Supplies $1213,206 $1,106,700 $1,306,700 $200,000 $1,556,700 $250,000
700 Property $25,700 $25,700 $0 $25,700 $0
800 Other Objects $179,974 $155,000 $155,000 $0 $155,000 $0
TOTAL EXPENDITURES $1,460,225 $1,571,400 $1,771,400 $200,000 $2,021,400 $250,000
EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES ($71,496) ($10,166) ($78,900) ($68,734) ($128,900) ($50,000)
OTHER FINANCING SOURCES (USES) AND OTHER ITEMS $73,844 $50,000 $74,000 $24,000 $74,000 $0
NET CHANGE IN FUND BALANCE $2,348 $39,834 ($4,900) ($44,734) ($54,900) ($50,000)
FUND BALANCE - BEGINNING (FROM PRIOR YEAR) $649,9471 $652,296 $652,296 $0 $647,396 ($4,900)
FUND BALANCE - ENDING $652,296 $692,130 $647,396 ($44,734) $592,496 ($54,900)
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 2017 Original Budget 2018 Final Budget 2018 Budget Change Original Budget 2019 Budget Change
REVENUES
BY
SOURCE
1000 Total LOCAL $1,430,494 $1,101,498 $1,062,343 ($39,155) $1,062,343 $0
TOTAL REVENUES $1,430,494 $1,101,498 $1,062,343 ($39,155) $1,062,343 $0
EXPENDITURES
BY
OBJECT
800 Other Objects $1,430,494 $1,101,498 $1,062,343 ($39,155) $1,062,343 $0
TOTAL EXPENDITURES $1,430,494 $1,101,498 $1,062,343 ($39,155) $1,062,343 $0
EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES $0 $0 $0 $0 $0 $0
OTHER FINANCING SOURCES (USES) AND OTHER ITEMS $0 $0 $0 $0 $0 $0
NET CHANGE IN FUND BALANCE $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
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 2017 Original Budget 2018 Final Budget 2018 Budget Change Original Budget 2019 Budget Change
REVENUES
BY
SOURCE
1000 Total LOCAL $3,684,656 $3,715,000 $3,622,146 ($92,854) $3,684,656 $62,510
TOTAL REVENUES $3,684,656 $3,715,000 $3,622,146 ($92,854) $3,684,656 $62,510
EXPENDITURES
BY
OBJECT
800 Other Objects $3,790,002 $3815,000 $4,059,188 244,188 $3,842,500 ($216,688)
TOTAL EXPENDITURES $3,790,002 $3815,000 $4,059,188 244,188 $3,842,500 ($216,688)
EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES ($105,346) ($100,000) ($437,042) ($337,042) ($157,844)) $279,198
OTHER FINANCING SOURCES (USES) AND OTHER ITEMS $0 $0 $0 $0 $0 $0
NET CHANGE IN FUND BALANCE ($105,346) ($100,000) ($437,042) ($337,042) ($157,844) $279,198
FUND BALANCE - BEGINNING (FROM PRIOR YEAR) $1,596,520 $1,464,174 $1,464,174 $0 $1,027,132 ($437,042)
FUND BALANCE - ENDING $1,464,174 $1,364,174 $1,027,132 ($337,042) $829,288 ($157,844)
Summary 32-Capital Fund
This report is based on data that has not been certified and should not be used for official reporting. Actual 2017 Original Budget 2018 Final Budget 2018 Budget Change Original Budget 2019 Budget Change
REVENUES BY
SOURCE
1000 Total LOCAL $6,542,205 $5,906,270 $6,404,207 $497,937 $6,550,1370 $154,930
2000 Total STATE $0 $0 $0 $0 $0
TOTAL REVENUES $6,542,205 $5,906,270 $6,404,207 $497,937 $6,559,137 $154,930
EXPENDITURES BY OBJECT
100 Salaries $120,000 $0 ($120,000) $0 $0
300 Purchased Professional and Technical Services 0 $26,335 $26,335 0 ($26,335)
400 Purchased property Services $121,159 $596,000 $640,234 $44,234 $121,159 ($519,075)
500 Other Purchased Services $4,982,647 $4,144,100 $3,692,705 ($451,395) $13,918,185 $10,225,480
600 Supplies $1,850 $2,000 $1,850 ($150) $1800 ($50)
700 Property $2,227,652 $1,942,246 $2,253,021 $310,775 $2,227,652 ($25,369)
800 Other Objects $748,694 $952,500 $791,247 ($161,253) $748,694 ($42,553)
TOTAL EXPENDITURES $8,081,952 $7,756,846 $7,405,392 ($351,454) $17,017,491 $9,612,098
EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES ($1,539,748) ($1,850,576)) ($1,001,185)) $849,391 ($10,458,354) ($9,457,168)
OTHER FINANCING SOURCES (USES) AND OTHER ITEMS $970 $0 $20,501,429 $20,501,429 $970 $20,500,460)
NET CHANGE IN FUND BALANCE ($1,538,778) ($1,850,576)) $19,500,244 $21,350.820 ($10,457,384)) ($29,957,628)
FUND BALANCE - BEGINNING (FROM PRIOR YEAR) $11,418,136 $9,879,358 $9,879,358 $0 $29,379,602 $19,500,244
FUND BALANCE - ENDING $9,879,358 $8,028,782 $29,379,602 $21,350,820 $18,922,218 ($10,457,384)
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 2017 Original Budget 2018 Final Budget 2018 Budget Change Original Budget 2019 Budget Change
REVENUES BY
SOURCE
1000 Total LOCAL $603,130 $577,500 $585,790 $8,290 $603,130 $17,340
2000 Total STATE $464,712 $350,000 $500,000 $150,000 $464,712 ($35,288)
3000 Total FEDERAL $2,103,522 $2,115,000 $2,245,229 $130,229 $2,303,533 $58,304
TOTAL REVENUES $3,171,375 $3,042,500 $3,331,019 $288,519 $3,371,375 $40,356
EXPENDITURES BY OBJECT
100 Salaries $9979,914 $1,005,0000 $1,040,650 $35,650 $1,155,122 $114,472
200 Employee Benefits $304,983 $325,700 $310,079 ($15,621) $344,188 $34,109
300 Purchased Professional and Technical Services $98,161` $75,000 $98,188 $23,188 $98,161 ($27)
400 Purchased property Services $15,408 $30,000 $21,0940 ($8,906) $22,4580 $1,364
500 Other Purchased Services $2,668 $5,500 $2,987 ($2,513) $2,668 ($319)
600 Supplies $1387,592 $1,541,000 $1,409,603 ($131,397) $1,387,592 ($22,011)
700 Property $183,350 $45,000 $47,253 $2,253 $183,3500 $136,097
800 Other Objects $167,246 $223,000 $381,627 $158,627 $198,716 ($182,911)
TOTAL EXPENDITURES $3139,321 $3,250,200 $3,311,482 $61,281 $3,392,255 $80,773
EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES ($32,054) ($207,700) $19,538 $227,2382 ($20,879) ($40,417)
OTHER FINANCING SOURCES (USES) AND OTHER ITEMS $0 $0 $0 $0 $0 $0
NET CHANGE IN FUND BALANCE $32,054) ($207,700) $19,538) $227,238 ($20,879) ($40,417)
FUND BALANCE - BEGINNING (FROM PRIOR YEAR) $1,078,846 $1,110,900 $1,110,900 $0 $1,130,438 $19,538
FUND BALANCE - ENDING $1,110,900 $903,200 $1,130,438 $227,238 $1,109,5596 ($20,879)
Logan City School District - Summary Budget FY19
(Tentative --- June 11 2019)
M & O Student Act. Tax Increment Debt Service Capital Outlay Food Services Summary
Fund 10 Fund 21 Fund 26 Fund 31 Fund 32 Fund 49 All Funds
Revenues
Local 16,323,179 33% 1,692,500 100% 1,062,343 100% 3,622,146 100% 6,404,207 100% 585,790 18% 29,690,165 46%
State 26,818,153 55% - 0% - 0% - 0% - 0% 500,000 15% 27,318,153 42%
Federal 5,699,557 12% - 0% - 0% - 0% - 0% 2,245,2293 67% 7,944,786 12%
Total Revenue $48,840,888 100% $1,692,500 100% $1,062,343 100% $3,622,146 100% $6,404,207 100% $3,331,019 100% $64,953,103 100%
Expenditures
Salaries 26,563,949 56% - 0% - 0% - 0% - 0% 1,040,650 31% 27,604,599 43%
Employee Benefits 12,328,413 26% - 0% - 0% - 0% - 0% 310,079 9% 12,638,492 20%
Purchased Prof./Tech Services 2,133,324 5% 234,000 13% - 0% - 0% 26,335 0% 98,188 3% 2,491,847 4%
Purchased Property Services 807,668 2% 10,000 0% - 0% - 0% 640,234 9% 21,094 1% 1,478,996 2%
Other Purchased Services 2,311,918 5% 40,000 2% - 0% - 0% 3,692,705 50% 2,987 0% 6,047,610 9%
Supplies 2,461,272 5% 1,306,700 74% - 0% - 0% 1,800 0% 1,409,603 43% 5,179,425 8%
Property / Equipment 345,354 1% 25,700 1% - 0% - 0% 2,253,021 30% 47,253 1% 2,671,328 4%
Miscellaneous 77,074 0% 155,000 9% 1,062,343 100% 4,059,188 100% 791,247 11% 381,627 12% 6,526,479 10%
Total Expenditures $47,028,973 100% $1,771,400 100% $1,062,343 100% $4,059,188 100% $7,405,392 100% $3,311,481 100% $64,638,778 100%
Revenues Over (Under) Expenditures 1,811,915 (78,900) - (437,042) (1,001,185) 19,538 314,326
Other Financing Sources (Uses) (66,314) 74,000 - - 20,501,429 - 20,509,115
Budgeted Net Change In Fund Balance $1,745,602 $(4,900) $- $(437,042) $19,500,244 $19,538 $20,823,441
Budget Beginning Fund Balance 17,351,259 652,296 - 1,464,174 9,879,358 1,110,900 30,457,986
Budget Ending Fund Balance $19,096,860 $647,396 $- $1,027,132 $29,379,602 $1,130,438 $51,281,427
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 0.001666 0.001666
Voted Local Levy 0.001600 0.001600
Board Local Levy 0.002308 0.002308
Capital Local Levy 0.002217 0.002217
GO Bond Payments Levy 0.001350 0.001350
Charter School Levy 0.000192 0.000192
Total 0.005766 N/A 0.001350 0.002217 N/A 0.009333
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 FY20
(Tentative --- June 11 2019)
M & O Student Act. Tax Increment Debt Service Capital Outlay Food Services Summary
Fund 10 Fund 21 Fund 26 Fund 31 Fund 32 Fund 49 All Funds
Revenues
Local 16,874,791 33% 1,892,500 100% 1,062,343 100% 3,684,656 100% 6,559,137 100% 603,130 18% 30,676,557 45%
State 28,328,446 56% - 0% - 0% - 0% - 0% 464,712 14% 28,793,158 43%
Federal 5,699,557 11% - 0% - 0% - 0% - 0% 2,303,533 68% 8,003,090 12%
Total Revenue $50,902,793 100% $1,892,500 100% $1,062,343 100% $3,684,656 100% $6,559,137 100% $3,371,375 100% $67,472,805 100%
Expenditures
Salaries 29,481,765 58% - 0% - 0% - 0% - 0% 1,155,122 34% 30,636,886 39%
Employee Benefits 13,640,538 27% - 0% - 0% - 0% - 0% 344,188 10% 13,984,726 18%
Purchased Prof./Tech Services 1,859,138 4% 234,000 12% - 0% - 0% - 0% 98,161 3% 2,191,298 3%
Purchased Property Services 407,668 1% 10,000 0% - 0% - 0% 121,159 1% 22,458 1% 561,285 1%
Other Purchased Services 2,332,819 5% 40,000 2% - 0% - 0% 13,918,185 82% 2,668 0% 16,293,672 21%
Supplies 2,461,458 5% 1,556,700 77% - 0% - 0% 1,800 0% 1,387,592 41% 5,407,550 7%
Property / Equipment 345,354 1% 25,700 1% - 0% - 0% 2,227,652 13% 183,350 5% 2,782,057 4%
Miscellaneous 81,954 0% 155,000 8% 1,062,343 100% 3,842,500 100% 748,694 4% 198,716 6% 6,089,208 8%
Total Expenditures $50,610,693 100% $2,021,400 100% $1,062,343 100% $3,843,500 100% $17,017,491 100% $3,392,255 100% $77,946,681 100%
Revenues Over (Under) Expenditures 292,100 (128,900) - (157,844) (10,458,354) (20,879) (10,473,876)
Other Financing Sources (Uses) (66,314) 74,000 - - 970 - 8,656
Budgeted Net Change In Fund Balance $225,787 $(54,900) $- $(157,844) $(10,457,384) $(20,879) $(10,465,221)
Budget Beginning Fund Balance 19,096,860 647,396 - 1,027,132 29,379,602 1,130,438 51,281,427
Budget Ending Fund Balance $19,322,647 $592,496 $- $869,288 $18,922,218 $1,109,559 $40,816,207
Tentative Tax Rate Valuation 2,636,938,765 (Per Utah State Tax Commission)
Tentative Proposed Tax Levies Tax Levies Tax Levies Tax Levies Tax Levies Tax Levies Tax Levies
Basic School Levy 0.001666 0.001666
Voted Local Levy 0.001600 0.001600
Board Local Levy 0.002327 0.002327
Capital Local Levy 0.001995 0.001995
GO Bond Payments Levy 0.001300 0.001300
Charter School Levy 0.000173 0.000173
Total 0.005766 N/A 0.001300 0.001995 N/A 0.009061
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