04/01/2014 – Financial Report

Feb 2014 Financial Report

Feb ’14 Financial Report

[… DeKalb Schools didn’t record the first few minutes.  Report already in progress …]

Dr. Michael Bell (Chief Financial Officer)
Page 42 – Variance Report
YTD – 78.2% collections and 60.9% expenditure.  This is better than FY’13.  We should be able to maintain or add to the general fund balance.

Coleman
Are we running ahead or behind the amended budget?

Bell
The end of March marks 75% of the year.  We are at 70% of the budget.  I don’t have the revenue component.

Coleman
On page 9 we are running at almost 90% of expected interest payments.

Bell
Our next interest payment will be for textbooks in July.  We are not scheduled to make any more interest payments this year.

Campbell
On page 7, Maint. & Operations / Other Costs is $1.1M this month, but was $654K last year on this month.  If you don’t know, just send me an email later.

Bell
I don’t know

McMahan
In the vendor spend report some items have “unknown” for URS code.

Bell
I’ll check

Coleman
We are at 66.6% of budget for electricity.  Is that ahead or behind where we are budgeted?

Bell
I think we are in line for our budget