Agenda Item
i. Acceptance of the October 2023 Monthly Financial Report
Summary: Presented by: Mr. Byron Schueneman, Chief Financial Officer, Division of Finance
Request: It is requested that the Board of Education accept the October 2023 Monthly Financial Report.
Contact: Mr. Byron Schueneman, Chief Financial Officer, Division of Finance, 678.676.0270
Status: General Counsel approval not required.
DEKALB COUNTY BOARD OF EDUCATION
GENERAL FUND - PRIOR YEAR COMPARISON CHARTS
October - 10/31/2023
Revenues Comparison
400,000,000
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
FY23 - Prior Fiscal Year 175,157,418 48,732,788 614,427 224,504,633
FY24 - Current Fiscal Year 340,581,324 50,469,643 809,250 391,860,217
FY23 - Prior Fiscal Year FY24 - Current Fiscal Year
Local revenue recognition attributable to October increased due to known timing differences in local property tax remittance from
prior year. Property tax deadlines fall within the September-October range, with second installments due in November. A significant
portion of local revenues are expected around this timeframe. Total fiscal year-to-date Local Revenues of $466,175,352.57 are
8.13% higher than the previous year. Current month QBE and other State Revenues fall within expectations, as well as investment
earnings.
Expenditures Comparison
160,000,000
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
FY23 - Prior Fiscal Year 71,835,021 6,551,632 9,963,185 41,204,955 129,554,793
FY24 - Current Fiscal Year 80,943,119 7,506,779 9,344,995 45,695,199 143,490,092
FY23 - Prior Fiscal Year FY24 - Current Fiscal Year
Amounts attributable to the General Fund Instruction are higher than the previous reporting period. With the largest increases being
attributable to Teacher Salaries ($5M), Digital Textbooks ($4M), and State Health Benefit ($2.5M). State Health benefit will trend higher than
previous periods throughout the year because of the rate changes from the DCH. Total increases are around $9M because of some notable
decreases such as Workmen Compensation Claims, etc. Other Expenditures are within expectation.