RAMAPO CENTRAL SCHOOL DISTRICT HILLBURN, NEW YORK TREASURER'S MONTHLY REPORT 01/01/2016-01/31/2016
Received by the Board of Education and entered as part of the minutes of the Board of Education meeting held on March 15, 2016
______________________________________________ Clerk of the Board of Education
This is to certify that the stated Cash Balance is in agreement with the Bank Statement, as reconciled.
______________________________________________ Treasurer of the School District
RAMAPO CENTRAL SCHOOL DISTRICT HILLBURN, NEW YORK TREASURER'S MONTHLY REPORT 01/01/2016-01/31/2016 TOTAL AVAILABLE CASH
1/1/2016
71,875,860.67
CASH RECEIVED:
STAR State Aid Field Trips Rent Health Insurance Non Resident Tuition Other Compensation for Loss Interest BOCES Arts in Education Gifts Miscellaneous Commissions
13,562,716.00 161,531.63 34,910.00 34,716.39 15,539.98 7,000.00 5,989.15 4,388.51 2,913.54 1,100.00 540.74 411.18
TOTAL RECEIPTS
13,831,757.12
DISBURSEMENTS MADE DURING THE MONTH:
Warrants Transfer to payroll account Transfer to trust and agency fund Transfer to special aid fund Transfer to capital fund
4,767,754.16 4,441,288.80 3,275,240.92 0.00 0.00
TOTAL DISBURSEMENTS
TOTAL AVAILABLE CASH AVAILABLE CASH CONSISTS OF: M&T Bank - money market Chase - money market Chase - tax account C.L.A.S.S. Chase -money market -checking TOTAL AVAILABLE CASH Balance per bank Add: Deposits in transit Less: Outstanding checks
12,484,283.88
1/31/2016
124,343.76 57,020,312.31 10,111.22 2,190,387.38 193,325.25 13,684,853.99 1/31/2016
73,223,333.91
13,841,499.40 0.00 156,645.41
Available Cash - checking -other accounts TOTAL AVAILABLE CASH
73,223,333.91
13,684,853.99 59,538,479.92 1/31/2016
73,223,333.91
TRUST AND AGENCY FUND BALANCE:
1/1/2016
247,438.64
Receipts: Transfer from the general fund Interest Disbursements: Warrants
3,201,363.28 25.55
3,201,388.83
3,192,365.02 3,192,365.02
AVAILABLE CASH:
1/31/2016
256,462.45
AVAILABLE CASH CONSISTS OF: Balance-JP Morgan Chase checking Less: Outstanding checks/Omni transfer/DIT BALANCE:
301,925.52 45,463.07 1/31/2016
256,462.45
SPECIAL AID BALANCE:
1/1/2016
428,457.59
Receipts: Transfer from the general fund Mature CDs Interest received
0.00 0.00 9.45 9.45
Disbursements: Warrants
120,520.16 120,520.16
AVAILABLE CASH:
1/31/2016
307,946.88
AVAILABLE CASH CONSISTS OF: Balance-M&T Bank checking Less: Outstanding checks BALANCE:
340,248.54 32,301.66 1/31/2016
307,946.88
SCHOOL LUNCH FUND BALANCE:
1/1/2016
723,426.11
Receipts: Government Aid Interest Sales
106,812.00 28.89 68,354.19 175,195.08
Disbursements: Warrants
7,936.50 7,936.50
AVAILABLE CASH:
1/31/2016
890,684.69
AVAILABLE CASH CONSISTS OF:
Balance per Bank Add: Deposits in Transit Less: Outstanding checks
890,512.43 172.26 0.00
Available Cash - checking
890,684.69
TOTAL AVAILABLE CASH
890,684.69
PAYROLL ACCOUNT BALANCE:
1/1/2016
69,624.09
Receipts: Transfer from the general fund Interest
4,530,275.72 29.15 4,530,304.87
Disbursements: Warrants
4,530,275.72 4,530,275.72
AVAILABLE CASH:
1/31/2016
AVAILABLE CASH CONSISTS OF: Balance- checking Less: Outstanding checks/DIT BALANCE:
69,653.24
185,008.14 115,354.90 1/31/2016
69,653.24
CAPITAL FUND BALANCE:
1/1/2016
937,506.44
Receipts: Transfer from the general fund Transfer from CLASS Transfer from Bond Transfer from Capital Reserve Interest received
0.00 0.00 0.00 0.00 32.34 32.34
Disbursements: Transfer to Reserve for Debt Warrants
0.00 5,941.20 5,941.20
AVAILABLE CASH:
1/31/2016
931,597.58
AVAILABLE CASH CONSISTS OF: Balance-JP Morgan Chase checking Less: Deposit in transit Less: Outstanding checks BALANCE:
931,597.58 0.00 0.00 1/31/2016
931,597.58
RAMAPO CENTRAL SCHOOL DISTRICT MONTHLY FINANCIAL REPORT January, 2016
BUDGET 2015-16
2014-15 Encumbrance
2015-16 Transfers
Year To Date Expenditures
Encumbrances 2015-16
Balance
1. BOARD OF EDUCATION (Dues, Travel Supplies, Commencement, Consultants)
119,330.00
22,254.55
0.00
75,688.74
19,955.20
45,940.61
2. CENTRAL ADMINISTRATION (Chief School Admin. Salaries, Equipment, Travel, Supplies)
376,326.00
7,554.75
0.00
221,990.95
126,943.27
34,946.53
1,071,086.00
126,457.08
0.00
631,497.44
424,626.64
141,419.00
922,208.00
378,486.27
0.00
323,575.97
601,472.72
375,645.58
5. CENTRAL SERVICES (Operation/Maintenance)
7,872,384.00
4,540,252.87
0.00
4,935,446.88
6,064,050.08
1,413,139.91
6. SPECIAL ITEMS (Insurance, Tax Refunds, BOCES)
1,600,000.00
984,036.54
6,000.00
961,768.89
1,070,850.44
557,417.21
7. INSTRUCTION-ADMINISTRATION/IMPROVEMENT (Curriculum, Supervision, Principals, and Secretaries)
5,658,456.00
163,776.54
-9,428.86
3,046,200.70
2,397,714.35
368,888.63
60,616,446.00
3,998,814.59
30,278.86
26,669,755.56
32,799,876.25
5,175,907.64
778,775.00
57,757.16
8,525.00
395,181.03
352,557.32
97,318.81
10. PUPIL SERVICES (Guidance, Health, Psychological)
4,804,569.00
255,206.45
0.00
2,272,094.58
2,179,090.86
608,590.01
11. TRANSPORTATION
7,795,532.00
111,604.62
0.00
3,421,169.19
3,898,758.50
587,208.93
33,011,071.00
448,458.84
-35,375.00
15,331,753.38
15,683,219.66
2,409,181.80
6,927,553.00
0.00
0.00
5,901,578.52 .
384,278.52
641,695.96
140,000.00
0.00
0.00
0.00
0.00
140,000.00
131,693,736.00
11,094,660.26
0.00
64,187,701.83
66,003,393.81
12,597,300.62
3. FINANCE (Business Administrator, Auditing, Treasurer)
4. STAFF (Legal Services, Personnel Office, Public Information Office)
8. TEACHING (Teachers' Salaries, Supplies, Equipment, Textbooks, Summer School)
9. INSTRUCTIONAL MEDIA (Libraries, a/v)
12. EMPLOYEE BENEFITS (Retirement, Social Security, Insurances)
13. DEBT SERVICE (Pay Principal & Interest Bonds)
14. TRANSFER TO OTHER FUNDS
TOTAL BUDGET
RAMAPO CENTRAL SCHOOL DISTRICT MONTHLY FINANCIAL REPORT January, 2016
BUDGET 2015-16
1. FUND BALANCE
2. REVENUES - OTHER DISTRICTS (Health Services and Non-resident tuition)
3. REVENUES - LOCAL SOURCES (Rentals, admissions, interest on deposits and investments, sale of property) 4. REVENUES - STATE SOURCES (Gross State Aid, textbooks, BOCES) 5. REAL PROPERTY TAXES 6. INTERFUND REVENUE
8. TOTAL BUDGET
RECEIVED YEAR TO DATE
BALANCE TO BE RECEIVED
2,100,000
2,100,000
0
450,000
311,932
138,068
2,759,555
2,203,088
556,467
19,183,004
14,097,185
5,085,819
106,888,160
106,941,978
-53,818
313,017
0
313,017
131,693,736
125,654,183
6,039,553
RAMAPO CENTRAL SCHOOL DISTRICT SCHEDULE OF RESERVES January, 2016
Tax Certiorari
Insurance
Unemployment
Capital
Balance July 1, 2014 Unrestricted Restricted
ADD: State Aid Increase Reserve Interest on Investments LESS: Transfer to Capital Fund Transfer to Unemployment Transfer to Tax Cert Reserve Transfer to the General Fund Expenditures January 31, 2016
575,480.00 13,404,400.17
0.00 4,240.13
707,714.73
306,988.92
2,592,114.14
214.65
0.00 93.10
0.00 0.00 786.19
0.00 0.00 0.00 0.00 0.00
0.00 0.00
0.00 0.00
0.00
2,096.51
0.00
13,984,120.30
707,929.38
304,985.51
2,592,900.33
RAMAPO CENTRAL SCHOOL DISTRICT SCHEDULE OF INVESTMENTS July 1, 2015 - March 15, 2016
Investments C.L.A.S.S. Investments Chase Money Market M&T Money Market
Amount
Date Invested
Date of Maturity
# of Days
Rate of Interest
Projected Interest at Maturity
2,190,387
2/1/2016
3/15/2016
43
0.07
183.14
57,030,424
2/1/2016
3/15/2016
43
0.04
2,724.79
124,344
2/1/2016
3/15/2016
43
0.05
7.43
Total Projected Interest Total Actual Interest
2,915.36 16,747.02
Total Actual & Projected General Fund Interest
19,662.38
2015-16 Interest Budgeted
50,000