Agenda Item
i. Acceptance of the (Tentative) June 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 June 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
June - 06/30/2023
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 8,421,309 53,241,681 125,079 61,788,070
FY23 - Current Fiscal Year 7,680,171 56,366,942 1,528,754 65,575,867
FY22 - Prior Fiscal Year FY23 - Current Fiscal Year
June revenue was largely comparable to the previous reporting period. Modest and expected increases continue to be experienced in State Revenue attributable to additional
QBE, Quality Basic Education, revenue received to fund the employer portion of administratively mandated health insurance rate increases. Other Revenue, which consists mainly
of interest earnings, continues to outpace prior year levels due to increased yields on the District's reserves held in the Local Government Investment Pool and other cash
accounts.
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 68,227,141 6,324,494 10,103,784 19,837,470 104,492,888
FY23 - Current Fiscal Year 75,965,540 6,717,005 19,722,640 24,254,524 126,659,709
FY22 - Prior Fiscal Year FY23 - Current Fiscal Year
June expenditures were higher than average, and represented a 21.2 percent increase as compared to the previous fiscal year. This increase is identifiable to
notable district safety enhancements in Maintenance and Operations, as well as increases in Instruction, Student Transportation, and General Administration
functions.
Within Maintenance and Operations, safety enhancements led the increase with purchases for EVOLV Security Solutions and Centegix's Safety Alert System, as
well as increased costs experienced for maintenance and supplies. Within the Instruction function, increases were attributable from one-time purchases of student
chromebooks, rising employee benefit costs, and increased expenditures for substitutes. Additionally, various smaller but broad increases were noted across Other
Functions, including increased expenses for student transportation, maintenance personnel, energy costs, and one-time legal fees.
DEKALB COUNTY BOARD OF EDUCATION
GENERAL FUND - PRIOR YEAR COMPARISON
June - 06/30/2023
Revenues:
Description FY22 - Prior Fiscal Year FY23 - Current Fiscal Year Difference
Local Revenue 8,421,309 7,680,171 (741,139)
State Revenue 53,241,681 56,366,942 3,125,261
Other Revenue 125,079 1,528,754 1,403,675
Total Revenue 61,788,070 65,575,867 3,787,798
Expenditures:
Description FY22 - Prior Fiscal Year FY23 - Current Fiscal Year Difference
Instruction 68,227,141 75,965,540 7,738,399
Pupil Services 6,324,494 6,717,005 392,511
Maintenance and Operation 10,103,784 19,722,640 9,618,856
Other Functions 19,837,470 24,254,524 4,417,055
Total Expenditures 104,492,888 126,659,709 22,166,821