2015-16 Financial Snapshot

Timeline
1/15/16
1/15-1/29

LACS BOD learned of QBE revenue reduction

LACS school leadership proposed budget cuts
Staffing: Hiring Freeze, Eliminated substitute teachers, Reduced Staff
Transportation: Cut bus monitoring, Reduced service (5 buses 3 buses)
Discretionary: Reduced office supplies budget, Cut building maintenance/repairs budget

2/1/16
2/10/16
2/12/16
2/18/16

Emergency public LACS BOD meeting to discuss proposed budget reductions

January financial statement completed
Meeting with APS to discuss impact of revenue reduction and proposed cuts
Scheduled monthly LACS BOD meeting

Reported January Financial Summary

YTD Expense Ratios

(Complete financial report available upon request)

Income/Revenue
Expense
Surplus/(Deficit)

January
$300,676
$230,915
$69,761

10-1000 Instruction

Year-to-date
$1,707,305
$1,824,098
($118,793)

Cash balance: $87,631 (9 days)

(as of Jan. 31 2016)

777,760

42.64%

10-2100 Pupil Services

46,732

2.56%

10-2210 Im provem ent of Instruct Service

43,767

2.40%

10-2220 Educational Media Services

495

0.03%

10-2300 General Adm inistration

267

0.01%

10-2400 School Adm inistration

322,038

17.65%

10-2500 Support Services - Business

109,055

5.98%

10-2600 Maint & Oper - Plant Services

225,003

12.34%

10-2700 Student Transportation Service

205,521

11.27%

10-3100 School Nutrition Program

82,427

4.52%

10-3300 ASP Operations

10,521

0.58%

1,823,586

99.97%

512

0.03%

10-6000 Function Expenses - Gen Fund - Other

48-2210 Im provem ent of Instruct - SF
Total General Fund Expenese

2015-2016 Budget Projections

Ending Cash Balance
Previous QBE
Current QBE

Jun 15-Jun 16
$167,385
($31,323)

Jun 15 Jul 16
($42,780)
($241,491)

Jun 15 Aug 16
$35,634
($219,019)

1,824,098 100.00%