Agenda Item
i. F.3.a. Approval of the October 2022 Monthly Financial Reports
Summary: Presented by: Mrs. Masana Mailliard, Interim Chief Financial Officer, Division of Finance
Request: It is requested that the Board of Education accept the October 2022 Monthly Financial Report.
Contact: Mrs. Masana Mailliard, Interim 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
October - 10/31/2022
Revenues Comparison
400,000,000
350,000,000
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 316,229,105 47,967,720 5,485 364,202,310
FY23 - Current Fiscal Year 175,157,418 48,732,788 614,427 224,504,633
FY22 - Prior Fiscal Year FY23 - Current Fiscal Year
Local revenue recognition attributable to October decreased due to known timing differences in local property tax remittance.
Compression experienced in the revenue recognition cycle does not substantially change the total annual collection expected. Total
fiscal year-to-date Local Revenues of $431,128,887.54 are 11.7% higher than the previous year. Investment earnings, as reflected in
the Other Revenue category, are substantially higher than previous averages due to rising interest rates earned on cash reserves.
Expenditures Comparison
140,000,000
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 75,267,290 6,284,744 7,638,733 39,775,708 128,966,475
FY23 - Current Fiscal Year 71,835,021 6,551,632 9,963,185 41,204,955 129,554,793
FY22 - Prior Fiscal Year FY23 - Current Fiscal Year
Amounts attributable to the General Fund were comparable to the previous reporting period. Total monthly expenditures are higher
than previous month averages due to the scheduled payment in settlement of the Gold case for $22,500,000.00. Of the original
$117,500,000.00 settlement, $90,000,000.00 has been paid life-to-date.