Agenda Item
i. Acceptance of the January 2023 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 January 2023 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 - 1/31/2023
Revenues Comparison
70,000,000
60,000,000
50,000,000
40,000,000
30,000,000
20,000,000
10,000,000
0
Local Revenue State Revenue Other Revenue Total Revenue
FY22 - Prior Fiscal Year 12,879,543 48,188,042 17,085 61,084,669
FY23 - Current Fiscal Year 15,141,583 48,863,713 1,721,438 65,726,734
FY22 - Prior Fiscal Year FY23 - Current Fiscal Year
Monthly revenue was largely comparable to the previous reporting period, with modest revenue growth acceleration experienced in 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 with 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 69,771,332 6,212,511 8,308,552 17,298,263 101,590,658
FY23 - Current Fiscal Year 70,932,368 6,431,955 9,527,834 19,357,828 106,249,986
FY22 - Prior Fiscal Year FY23 - Current Fiscal Year
Modest nominal increases in expenditures were experienced as compared to the previous reporting period, with an overall increase of 4.6%. The aggregate
salary expense for district educators continues to lag behind prior year levels, despite increases in the cost of employing a single educator. Costs for supplies,
utilities, and repairs and maintenance continue to rise and are expected to remain elevated in the near-term.
DEKALB COUNTY BOARD OF EDUCATION
GENERAL FUND - PRIOR YEAR COMPARISON
December - 1/31/2023
Revenues:
Description FY22 - Prior Fiscal Year FY23 - Current Fiscal Year Difference
Local Revenue 12,879,543 15,141,583 2,262,040
State Revenue 48,188,042 48,863,713 675,672
Other Revenue 17,085 1,721,438 1,704,354
Total Revenue 61,084,669 65,726,734 4,642,065
Expenditures:
Description FY22 - Prior Fiscal Year FY23 - Current Fiscal Year Difference
Instruction 69,771,332 70,932,368 1,161,036
Pupil Services 6,212,511 6,431,955 219,444
Maintenance and Operation 8,308,552 9,527,834 1,219,283
Other Functions 17,298,263 19,357,828 2,059,565
Total Expenditures 101,590,658 106,249,986 4,659,328