We have a similar game going on in the school district right now. But this game's called Where's the $183,060? Our quest is to find where the $183,060 is hidden within the $46M budget. They TOLD us that the $183,060 would be "taken out of fund balance".
6.03 Adoption of 2009-10 Proposed Budget
Meeting: 09/14/2009 REGULAR SCHOOL BOARD MEETING (Revised), 7:30 p.m.
11. To use $183,060 of fund balance to pay the issuance cost of the Qualified School Construction Bond dated 9/28/09.
So...where did they bury the $183,060 within the $46M budget?
BUDGET ADOPTION 2009-2010
GENERAL FUND (FUND 10)
................... Audited ______ Unaudited ____ Budget
.................. 2007-2008 _____ 2008-2009 ____ 2009-2010
Beginning Fund Balance (Account 930 000)
...............$5,765,999.77 ____ $7,240,354.01 ___$8,003,169.28
Ending Fund Balance, Reserved (Acct. 931 000)
................ $95,806.00 ______ $ 109,962.63 _____$109,962.63
Ending Fund Balance, Designated (Acct. 932 000)
............. $7,144,548.01 _____ $7,130,391.38 ___$7,693,206.65
Ending Fund Balance, Unappropriated (Acct. 933 000)
..................... $0.00 ________ 762,815.27 __________ $0.00
TOTAL ENDING FUND BALANCE (ACCT. 930 000)
............. $7,240,354.01 _____ $8,003,169.28 ___$7,620,109.28
You can see that the fund balance is projected to be reduced from $8,003,169 to $7,620,109,a reduction of $383,060.
And they told us that they would use:
(A) $200,000 from fund balance to pay property tax chargebacks and then
(B) the sneaky $183,060 cost of high school bond issuance.
And those two just so happen to add up to the reduction of fund balance.
But can you find "Waldo" as a line item in the budget documents????
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