BBudget Revision-FY18 Student Transportation 2018-5-7
Item Details
- Meeting
- May 7, 2018 – Board of Education Meeting
- Category
- 11. Action Items
- Type
- Action item
Motions
Approve 11b
Moved by Tim Navarre · Seconded by Jason Tauriainen
Yes: Dan Castimore, Debbie Cary, Jason Tauriainen, Lynn Hohl, Marty Anderson, Mike Illg, Penny Vadla, Tim Navarre, Zen Kelly
Public Content
Student Transportation
This budget revision to the FY18 Student Transportation Budget is to account for changes in the amount of revenue budgeted to actual received and a decrease in use of fund balance. In conjunction with the increased revenue, expenditure budgets were adjusted so the revenues = expenditures. This will allow the Student Transportation to increase fund balance as planned to insure funds are available for the increases in the bussing contract in future years.
Revenue Budget
FY18 Student Transportation Fund Budget was passed by the board on July 10, 2017 included revenues of $7,480,340 and use of fund balance in the amount of $221,360 for a total revenue and use of fund balance budget of $7,701,700. At the time the Board passed the budget, we were anticipating a potential reduction from the State of Alaska based on prior year. Thankfully, no reduction occurred, and we were funded at the full amount based on adjusted average daily membership (AADM).
Expenditure Budget
Student Transportation Fund Budget Revision | |
FY18 Transportation Fund Revenue Budget | $7,480,340 |
FY18 Use of Fund Balance | 221,360 |
Total Pupil Transportation Fund Revenue and Transfers In | 7,701,700 |
Changes | |
Decrease in Use of Fund Balance | (221,360) |
Increase in Revenue | 594,406 |
Total Pupil Transportation Fund Revenue Budget Changes | 373,046 |
Total Pupil Transportation Fund Revenue Budget Changes | 373,046 |
Total Pupil Transportation Fund Revenue | 8,074,746 |
Pupil Transportation Fund Expenditure Budget | |
FY18 Pupil Transportation Fund Expenditure Budget | 7,701,700 |
Changes | |
Decrease in salary and benefits budgets | (46,611) |
Increase in other expenses | 419,657 |
Total General Fund Expenditure Budget Changes | 373,046 |
Total Pupil Transportation Fund Expenditure and Transfer Budget | $8,074,746 |