Agenda Item
i. Acceptance of the March 2023 Monthly Financial Reports
Summary: Presented by: Mr. Byron Schueneman, Chief Financial Officer, Division of Finance
Request: It is requested that the Board of Education accept the March 2023 Monthly Financial Report.
Contact: Mr. Byron Schueneman, Chief Financial Officer, Division of Finance, Division of Finance, 678.676.0278
Status: General Counsel approval not required
DEKALB COUNTY BOARD OF EDUCATION
GENERAL FUND - PRIOR YEAR COMPARISON CHARTS
March - 03/31/2023
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 8,689,312 48,204,906 32,565 56,926,783
FY23 - Current Fiscal Year 13,849,975 49,519,467 1,896,425 65,265,867
FY22 - Prior Fiscal Year FY23 - Current Fiscal Year
Monthly revenue was in line with expectations and comparable to the previous reporting period. Other Revenue is once again far exceeding prior year levels
due to rising interest earnings on the District's reserves held in the Local Government Investment Pool and other cash accounts.
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 70,515,345 6,237,199 7,309,665 17,566,893 101,629,102
FY23 - Current Fiscal Year 70,216,909 6,473,181 12,768,307 21,433,969 110,892,367
FY22 - Prior Fiscal Year FY23 - Current Fiscal Year
Overall expenditures increased 9.11 percent as compared to the previous reporting period, primarily driven by increases experienced in the Maintenance and
Operation of Plant functional expense category. Expenditure increases within the function were experienced across several categories, including rising energy
and utility costs, supplies, repairs and maintenance, and the purchase of multiple maintenance vehicles from Ford Automotive. In addition, expenditures
associated with Student Transportation Service increased due to rising energy costs and the purchase of GPS software from Education Logistics, Inc.
DEKALB COUNTY BOARD OF EDUCATION
GENERAL FUND - PRIOR YEAR COMPARISON
March - 03/31/2023
Revenues:
Description FY22 - Prior Fiscal Year FY23 - Current Fiscal Year Difference
Local Revenue 8,689,312 13,849,975 5,160,663
State Revenue 48,204,906 49,519,467 1,314,561
Other Revenue 32,565 1,896,425 1,863,860
Total Revenue 56,926,783 65,265,867 8,339,084
Expenditures:
Description FY22 - Prior Fiscal Year FY23 - Current Fiscal Year Difference
Instruction 70,515,345 70,216,909 (298,436)
Pupil Services 6,237,199 6,473,181 235,982
Maintenance and Operation 7,309,665 12,768,307 5,458,642
Other Functions 17,566,893 21,433,969 3,867,076
Total Expenditures 101,629,102 110,892,367 9,263,265