Comments on FSCC Budget 2013-14

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My first video by converting a Power Point presentation. Review of some items in Fort Scott Community College budgets and financial reports.

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Acrobat Document:

Comments on Fort Scott Community College (FSCC) Budget 2014 By David Conradt

Comments on Fort Scott Community College (FSCC) Budget 2014:

Summary of Source Documents Board Meeting Packet for Board of Trustees Meeting on July 29, 2013. 2013-2014 FSCC Working Budget FSCC 2012 -2013 Budget

Summary of Source Documents:

FSCC Spent Less Than Budget

FSCC Spent Less Than Budget:

FSCC Spends Less Than Budgeted in 2012-13 Year The Chart at right is on Page 14 of the July 29, 2013 Board Packet. It is a summary of the budget in the first column and actual spending in the second column. The expenses are clearly below budget. The focus for the Mill Levy is on the General, PTE and Trucking Lines. Actual Revenue is above actual spending by $150,0000.

FSCC Spends Less Than Budgeted in 2012-13 Year:

The table at left pulls numbers off the previous page for Comparison. The budget amounts include items that are not actual spending. The Budget Authority has been discussed by Clayton Tatro. I pulled out the transfers because they do not represent expenses. Also, it is unclear where the transfer amount was coming from. See the next slide for an idea where the Budget Authority items were for the 2013/14 Budget. They are similar to the amounts noted here. Calculation of Spending Under Budget 2014

Calculation of Spending Under Budget 2014:

Alternate Approach to Identify Spending Below Budget for Fiscal Year 2013 The column labeled 12-13 Actual appears to be spending for the 2013 fiscal year just completed. The summary amounts were obtained from the 2013-14 FSCC Working Budget Expenses. I intended for the Budget amounts for 2013 to come from the same place, but there were differences from the 2012-2013 Budget book. I used that as the source for the budget amount.

Alternate Approach to Identify Spending Below Budget for Fiscal Year 2013:

FSCC Schedule for Cross Reference

FSCC Schedule for Cross Reference:

Comparison of Spending for 2013 Fiscal Year to Spending for 2012 Year This schedule compares actual spending for the 2013 fiscal year to the spending for the 2012 fiscal year. For the most part the amounts represent unaudited numbers, except as noted in Note F.

Comparison of Spending for 2013 Fiscal Year to Spending for 2012 Year:

Summary of Fund Balances at June 30, 2013 This page comes from the Board Meeting packet for July 29, 2013. The General Fund had $847,000 and the Other Funds listed have over $1 million. If the College needed some money once in a while for preventive maintenance why were these funds not used?

Summary of Fund Balances at June 30, 2013:

Summary The College is spending less than what was budgeted. Spending for the 2013 was not cut by very much compared to 2012. The College’s numbers do not support increasing the budget, which may drive the Mill Levy.

Summary:

Contact Information Email Address for David Conradt is dlconradt@aol.com

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