Budget Status – June 2019

Budget Status – June 2019

You can see the Budget Status Reports for all funds as of June 30 by clicking here.

The following is a summary of each fund:

General Fund
Revenues totaled $229,079,233 (82.88% of budget) and expenditures were $217,216,682 (76% of budget) resulting in an ending fund balance of $77,036,362. Transfers of $3,313,256 were made to the Capital Projects Fund authorized by Resolutions 07 (18-19), 14, 23 and 24 (17-18). The annual average FTE enrollment through June increased 338.46 from budgeted FTE. The first sale of the 2019 bonds (par amount of $124,330,000) will be included in the July reports.

Capital Projects Fund
Expenditures through June were $10,624,721 and revenue received was $10,016,130. The ending fund balance of $10,442,500 included $5,031,700 in property tax collections and transfers to the General Fund of $517,664.

Debt Service Fund
Bond principal and interest of $8,141,501 was paid June 1, 2019 leaving an ending fund balance of $2,906,187.

Associated Student Body (ASB) Fund
Expenditures totaled $1,563,945 and revenue received was $1,412,850 resulting in an ending fund balance of $1,620,862.

Transportation Vehicle Fund
Expenditures for buses through June 30, 2019 totaled $1,010,497. The ending fund balance of $985,301 will be used to pay for six propane buses currently on order at an estimated cost of $800,028.