Quincy Community Schools 2016 - Financial Overview | Munetrix

United States Michigan SWR Branch ISD Quincy Community Schools 2016

Citizens' Guide Items

Revenues

Expenditures

Balance Sheet

Category Name	Amount
Local Sources	1,220,353
State Sources	8,846,867
Federal Sources	462,324
Incoming Transfers and Other Transactions	46,374
Other Financing Sources	2,500
	10,578,418

Category Name	Amount
Instruction - Basic Programs	6,283,084
Instruction - Added Needs, Adult/Continuing Education	467,236
Pupil Services	281,989
Instruction Staff	269,896
General Administration	310,485
School Administration	630,936
Business, Interest & Abatements	191,751
Operations & Maintenance	877,558
Transportation	472,354
Central Support Services	210,404
Athletics & Other Support Services	352,300
Community Services	7,455
Capital Projects	30,389
Fund Modifications (Transfers Out)	4,190
	10,390,028

Category Name	Amount
Cash & Current Assets	3,356,857
Current Payables	1,789,587
Fund Balance	1,567,270

Indicator Score

Assumptions

Components of Fund Equity

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Category Name	Amount
Year	2016
Data Status	Historic
Scenario	Baseline
Data Source	State Download
Indicator Score	1
Operating Revenues	10,578,418
Operating Expenses	10,390,028
Foundation Allowance	7,391
Enrollment	1,202
Fund Balance	1,567,270
Taxable Value	$212,546,261
MPSERS Rate	36.31%

The 2016 Assumptions include:

* Pupil Count is flat - even though we have been experiencing an average of 30 students per year we have a very small 2015 graduating class and our incoming kindergarten numbers are increasing.

* 2.3% increase in Health Insurance - The district is using the hard Cap

* 1% increase in the retirement rate

* $75 per fte increase in the foundation allowance

* All other revenue is flat

* All other expenses are flat

Category Name	Amount
Non Spendable Fund Balance	8,371
Unassigned Fund Balance	1,558,899
	1,567,270

Reports Available for Quincy Community Schools fiscal year 2016

Revenues & Expenditures

Fiscal Indicator

Fiscal Indicator Score Card