Page 9 - User Friendly Budget

Expenditures and Multi-Year Projections

General Fund Budgeted Expenditures by Function or Activity

The graph below shows a breakdown of the General Fund expenses associated with each activity of the
District; 84% are related to K-12 instruction and services provided to students, including school administra-
tion, library and media, counseling, psychological, speech, pupil transportation and health services. Ancillary
& Community Services is the cost of the District’s athletic program. General Administration represents the
cost of running the District, including fiscal services, human resources, purchasing, warehouse, and audit ser-
vices. Plant Services include maintenance, operations, custodial, grounds, and security expenses. Other Out-
go is the debt service payments, capital leases and transfers to Orange County Department of Education for
students educated at County Programs

At each reporting period, multi-year projections are included with the financial statements and there-
fore District’s staff is regularly estimating the current plus two subsequent years based on the latest finan-
cial indicators and advisories provided by State agencies and Orange County Department of Education. On
June 8, 2017, the Board of Education took action towards cost containment strategies to balance the multi-
year budget. These Multi-Year Projections are a snapshot as of September and will be updated at the next
reporting period in December:

2017-2018 2018-19 2019-20

TOTAL REVENUES 283,719,883 274,211,915 274,780,088
TOTAL EXPENDITURES 294,252,580 292,949,136 299,407,775

INCREASE (DECREASE) IN FUND BALANCE (10,532,697) (18,737,221) (24,627,687)
BEGINNING BALANCE 62,965,570 52,432,873 33,695,652
PROJECTED ENDING BALANCE 52,432,873 33,695,652 9,067,965

Adjustment to Ending Fund Balance

Stores, Revolving Cash and Assignments (9,998,384) (6,518,558) (2,933,292)
3% State Required Contingency (8,827,578) (8,788,474) (8,982,233)
Unappropriated Fund Balance Above 3% 33,606,911 18,388,620 (2,847,560)

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