Agenda Item
i. Acceptance of the March 2024 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 March 2024 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
March - 03/31/2024
Revenues Comparison
80,000,000
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
FY23 - Prior Fiscal Year 13,849,975 49,519,467 1,896,425 65,265,867
FY24 - Current Fiscal Year 11,659,675 51,019,825 9,090,732 71,770,231
FY23 - Prior Fiscal Year FY24 - Current Fiscal Year
Monthly local revenues are in line with the cyclical nature of property tax collections. Although lower than the prior period, they are 12% higher when compared to
YTD totals. State Revenues are largely comparable to the prior period with modest increases. For Other Revenue, due to the receipt of State Fiscal Recovery Funds
(falling into our "Other Revenue" category as per GDOE's Object classification), there was a comparably large increase. It may be also noted that Invesment income
has increased due to rising interest rates and the strategic movement of larger cash reserves to Georgia LGIP accounts until needed for current expenditures.
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
FY23 - Prior Fiscal Year 70,216,909 6,473,181 12,768,307 21,433,969 110,892,367
FY24 - Current Fiscal Year 82,415,234 7,752,749 12,171,603 22,989,423 125,329,009
FY23 - Prior Fiscal Year FY24 - Current Fiscal Year
Overall expenditures increased from the prior period, with the largest increases reflected within instruction. Some areas of note are the purchase of digital
textbooks up $2M for Current period, and State Health Insurance following the rate increases. Aides and Paraprofessionals saw a 20% increase in both current and
YTD totals. Other categories seemed in line with the prior period.