Agenda Item
i. Acceptance of the December 2022 Monthly Financial Reports
Summary: Presented by: Mr. Jonathan Lance McConkey, Comptroller, Division of Finance
Request: It is requested that the Board of Education accept the December 2022 Monthly Financial Report.
Contact: Mr. Jonathan Lance McConkey, Comptroller, Division of Finance, 678.676.0445
Status: General Counsel approval not required
DEKALB COUNTY BOARD OF EDUCATION
GENERAL FUND - PRIOR YEAR COMPARISON CHARTS
December - 12/31/2022
Revenues Comparison
120,000,000
100,000,000
80,000,000
60,000,000
40,000,000
20,000,000
0
Local Revenue State Revenue Other Revenue Total Revenue
FY22 - Prior Fiscal Year 35,717,046 47,887,975 72,369 83,677,390
FY23 - Current Fiscal Year 54,090,760 48,675,959 1,561,166 104,327,885
FY22 - Prior Fiscal Year FY23 - Current Fiscal Year
Monthly revenue increased favorably as compared to the previous reporting period, primarily driven by rising property tax
collections, as well as rising interest earnings on the District's reserves held in the Local Government Investment Pool and other cash
accounts. State QBE funding remained consistent and 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 69,958,597 6,238,170 8,225,416 18,109,155 102,531,339
FY23 - Current Fiscal Year 72,382,508 7,025,545 10,573,444 21,201,351 111,182,848
FY22 - Prior Fiscal Year FY23 - Current Fiscal Year
Across the board increases in expenditures were experienced as compared to the previous reporting period, with an overall increase
noted of 8.4%. Personnel related expenditures increased as the District incurred additional cost for the distribution of Meritorious
Attendance awards and increased demand for substitutes. Furthermore, the District experienced a broad range of rising non-
personnel related costs, with the highest categories of increases being purchased professional services, supplies, energy costs, and
repairs and maintenance.