Red Clay Consolidated School District

School Board

Community Financial Review Committee

Red Clay Consolidated School District Board of Education

2009-2010 Financial Reports

 

Monthly Financial Reports | Financial Position Reports | Referendum Initiative Reports | YTD Total Expenditures and Encumbrances Reports

 

Monthly Financial Reports

These reports are prepared by the Finance Director Jill Floore and are the primary document used at each meeting by the Community Financial Review Committee to ensure that the District remains on budget for the current fiscal year.

Links providing information that explain descriptions and terms used in these documents can be found under the Resources heading on the left side of this page.

• Monthly Financial Report / IBU Budget - ending 6/30/10
• Monthly Financial Report / IBU Budget - ending 4/30/10
• Monthly Financial Report / IBU Budget  - ending 03/31/10
• Monthly Financial Report - ending 02/28/10
• Monthly Financial Report - ending 01/31/2010 - February CFRC meeting not held due to inclement weather
• Monthly Financial Report - ending 12/31/2009
• Monthly Financial Report - ending 11/30/2009
• Monthly Financial Report - ending 10/31/2009
• Monthly Financial Report - ending 9/30/2009
• Monthly Financial Report - ending 8/30/2009

Financial Position Reports

The committee uses this reporting format to project the school district’s current fiscal year ending balance in its local current expense revenue accounts after deducting all estimated remaining local operating obligations. 

It also provides an approximation of how much will be available to carry forward into the next fiscal year in order to meet local district payroll obligations through and including the October 15th payroll cycle until the local tax revenue becomes available. 

A similar version of this report is required to be filed with the Secretary of Education three times per year (on or before February 1, May 1, and August 31). 

• Financial Position Report  - ending 12/31/2009
• Financial Position Report  - ending 06/30/2009
• Financial Position Report  - ending 03/31/2010

Referendum Initiative Reports

During the last referendum, the District had requested a tax increase to fund the restoration of specific programs and the implementation of new initiatives.  The committee requested a report, which shows the budget and YTD expenditures for referendum related items that also allows the local taxpayer to see how the money is being utilized.  These reports will be issued periodically throughout the fiscal year.  Note: carry forward balances are not included in this report. 

• Referendum Initiative Report - ending 11/30/2009
• Referendum Initiative Report - ending 6/30/2009

YTD Total Expenditures and Encumbrances Reports

The YTD Total Expenditures and Encumbrances Reports for fiscal year 2008 tracks district costs by object code and is used by the State of Delaware's accounting system to identify line item expenses and encumbrances. 

 

An encumbrance is an accounting procedure that sets aside available funds for commitments related to unperformed contracts for goods and services, to ensure the availability of funds when payment is requested. 

 

An appropriation is an authorization granted by the legislative body to make expenditures and to incur obligations for specific purposes.  Appropriations are usually limited in the amount and time in which they may be expended. 

 

One report includes prior year appropriations that were expended in the 2008 fiscal year, while the other report does not and more closely parallels the dollar amounts found in the district's monthly financial report by Intermediate Budget Unit (IBU), which primarily focuses on expenditures by programs and departments.  

• YTD Total Expenditures & Encumbrances Report - without prior year appropriations ending 06/30/2010
• YTD Total Expenditures & Encumbrances Report - with prior year appropriations ending 06/30/2010
• YTD Total Expenditures & Encumbrances Report - without prior year appropriations ending 04/30/2010
• YTD Total Expenditures & Encumbrances Report - with prior year appropriations ending 04/30/2010
• YTD Total Expenditures & Encumbrances Report - without prior year appropriations ending 03/31/2010
• YTD Total Expenditures & Encumbrances Report - with prior year appropriations ending 03/31/2010
• YTD Total Expenditures & Encumbrances Report - without prior year appropriations ending 02/28/2010
• YTD Total Expenditures & Encumbrances Report - with prior year appropriations ending 02/28/2010
• YTD Total Expenditures & Encumbrances Report - without prior year appropriations ending 01/31/2010
• YTD Total Expenditures & Encumbrances Report - with prior year appropriations ending 01/31/2010
• YTD Total Expenditures & Encumbrances Report - without prior year appropriations ending 12/31/2009
• YTD Total Expenditures & Encumbrances Report - with prior year appropriations ending 12/31/2009
• YTD Total Expenditures & Encumbrances Report - without prior year appropriations ending 11/30/2009
• YTD Total Expenditures & Encumbrances Report - with prior year appropriations ending 11/30/2009
• YTD Total Expenditures & Encumbrances Report - without prior year appropriations ending 10/31/2009
• YTD Total Expenditures & Encumbrances Report - with prior year appropriations ending 10/31/2009
• YTD Total Expenditures & Encumbrances Report - without prior year appropriations ending 9/30/2009
• YTD Total Expenditures & Encumbrances Report - with prior year appropriations ending 9/30/2009
• YTD Total Expenditures & Encumbrances Report - without prior year appropriations ending 8/31/2009
• YTD Total Expenditures & Encumbrances Report - with prior year appropriations ending 8/31/2009

Information on this page maintained by the Financial Review Committee