November 2022 PY to CY Comparison Report (1)

AID 1473895 · View on Simbli

Agenda Item

i. F.3.a. Acceptance of the November 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 November 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
                                                        November - 11/30/2022


                                                               Revenues Comparison


                    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        221,703,881                     48,766,366                        9,488                       270,479,735
        FY23 - Current Fiscal Year      252,258,922                    48,714,026                         446,568                    301,419,516

                                                       FY22 - Prior Fiscal Year       FY23 - Current Fiscal Year


Monthly revenue increased as compared to the previous reporting period, largely driven by increases in property tax collections, as
well as rising interest earnings on the District's reserves held in LGIP, Local Government Investment Pool. State QBE funding was
largely comparable to the previous reporting period.




                                                            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       72,289,343              6,207,484                10,022,565                   17,902,311          106,421,702
        FY23 - Current Fiscal Year     68,948,166              6,704,105                 9,465,744                   19,374,946          104,492,961

                                                       FY22 - Prior Fiscal Year       FY23 - Current Fiscal Year


Expenditures attributable to the General Fund were largely comparable to the previous reporting period, with an overall decline
noted of 1.8%. Expenditures related to instructional services were down as compared to the previous year amid ongoing staffing
vacancies, driven lower by net decreases in the total cost of teachers and substitutes.