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Las Cruces Public Schools Report on Financial Condition

Las Cruces Public Schools Report on Financial Condition . As of December 31, 2011. Revenue Position. Operational SEG = $164,983,991 Program units = 46,234.211 Initial unit value $ 3,585.97 Unit Value increased by $12.90 SEG Increase $618,041.53 Total Budgeted Revenue = $166,643,364

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Las Cruces Public Schools Report on Financial Condition

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  1. Las Cruces Public SchoolsReport on Financial Condition As of December 31, 2011

  2. Revenue Position • Operational • SEG = $164,983,991 • Program units = 46,234.211 • Initial unit value $3,585.97 • Unit Value increased by $12.90 • SEG Increase $618,041.53 • Total Budgeted Revenue = $166,643,364 • Received = $83,631,881 (50%)

  3. Revenue Position

  4. Cash PositionOperational Cash/Investment Balances by Month As of December 31, the FY 2012 cash position is $1.3 million less than FY 2011

  5. Cash Position

  6. Cash Position

  7. Expenditure Analysis • Expenditure Comparison as of December 31

  8. Expenditure Analysis • Expenditure Comparison as of December 31

  9. Expenditure Analysis • Salaries • Encumbrances are in the system • Overall, budget appears adequate

  10. Expenditure Analysis • Total Sub cost – experiencing 4% increase over FY 2011

  11. Expenditure Analysis • Sick leave sub cost– Experiencing 20% increase over FY 2011

  12. Expenditure Analysis • Total sub cost projection

  13. Expenditure AnalysisElectricity Usage Trend Overall consumption is down.

  14. Expenditure AnalysisElectricity Costs Trend • EPEC Rate Restructure • Las Cruces electricity rates are comparable to those in California. • Realized cost is up 28% since 2009.

  15. Expenditure Analysis • Utilities • Projected costs within current budget.

  16. Expenditure Analysis • Legal Costs • Within budget allocation • History of legal costs

  17. Expenditure Analysis • Legal Costs

  18. Expenditure Analysis • Other issues • SEG • Increase in unit value = $12.90 (.36%) • Total increase = $618,041.53 • Budget Savings • Legal Costs • Utility Costs?

  19. 2011-12 Budget Summary • Substitutes • Projected expenditures exceed budget by $204,000. • Supplement Student Transportation - $958,567 • Supplement Title XX - $100,000 • Initial cash balance projection for June 30, 2012 is $5.5 million. • Cash is projected to decrease by $1.2 million from FY 11.

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