Agenda Item
i. Acceptance of the September 2022 Monthly Financial Reports
Summary: Presented by: Mrs. Masana Mailliard, Deputy Chief Financial Officer, Division of Finance
Request: It is requested that the Board of Education accept the September 2022 Monthly Financial Report.
Contact: Mrs. Masana Mailliard, Deputy Chief Financial Officer, Division of Finance, 678.676.0446
Status: General Counsel approval not required.
DEKALB COUNTY BOARD OF EDUCATION
GENERAL FUND - PRIOR YEAR COMPARISON CHARTS
September - 09/30/2022
Revenues Comparison
300,000,000
250,000,000
200,000,000
150,000,000
100,000,000
50,000,000
0
Local Revenue State Revenue Other Revenue Total Revenue
FY22 - Prior Fiscal Year 60,945,747 47,963,122 3,812 108,912,681
FY23 - Current Fiscal Year 232,065,649 48,556,637 278,710 280,900,996
FY22 - Prior Fiscal Year FY23 - Current Fiscal Year
Local revenue recognition attributable to September increased due to earlier receipt of property tax collections than in previous
years. The property tax revenue collection cycle for the District has compressed around ten days. Therefore, whereas the District's
largest single distribution in FY22 was received in October, the largest single distribution for FY23 was recieved toward the end of
September. While this changes the month the revenue is attributable to, it does not substantially change the total annual collection
expected. Property tax receipts received during first quarter operations will be used to cover expenditures for the remainder of the
fiscal year.
Expenditures Comparison
120,000,000
100,000,000
80,000,000
60,000,000
40,000,000
20,000,000
0
Instruction Pupil Services Maintenance and Other Functions Total Expenditures
Operation
FY22 - Prior Fiscal Year 71,536,144 6,274,002 8,211,586 17,856,989 103,878,721
FY23 - Current Fiscal Year 70,514,975 6,535,362 9,749,684 19,185,524 105,985,545
FY22 - Prior Fiscal Year FY23 - Current Fiscal Year
Amounts attributable to the General Fund were largely comparable to the previous reporting period, with a modest and expected
overall increase of two percent. Expenditures attributable to instructional services were down as compared to the previous year,
driven by net decreases in the total cost of teachers and substitutes. While the average cost of single educator has increased,
declines in staffing due to the nation-wide educator shortage offsets individual cost increases.
DEKALB COUNTY BOARD OF EDUCATION
GENERAL FUND - PRIOR YEAR COMPARISON
September - 09/30/2022
Revenues:
Description FY22 - Prior Fiscal Year FY23 - Current Fiscal Year Difference
Local Revenue 60,945,747 232,065,649 171,119,902
State Revenue 47,963,122 48,556,637 593,515
Other Revenue 3,812 278,710 274,898
Total Revenue 108,912,681 280,900,996 171,988,315
Expenditures:
Description FY22 - Prior Fiscal Year FY23 - Current Fiscal Year Difference
Instruction 71,536,144 70,514,975 (1,021,169)
Pupil Services 6,274,002 6,535,362 261,360
Maintenance and Operation 8,211,586 9,749,684 1,538,098
Other Functions 17,856,989 19,185,524 1,328,535
Total Expenditures 103,878,721 105,985,545 2,106,824