RAMAPO CENTRAL SCHOOL DISTRICT HILLBURN, NEW YORK TREASURER'S MONTHLY REPORT 08/01/2016-08/31/2016
Received by the Board of Education and entered as part of the minutes of the Board of Education meeting held on October 18, 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 08/01/2016-08/31/2016 TOTAL AVAILABLE CASH
8/1/2016
25,824,852.95
CASH RECEIVED:
State Aid ERATE Other Compensation for Loss Health Insurance Interest Miscellaneous
1,378,402.60 259,555.37 14,375.04 13,015.01 1,513.79 576.84
TOTAL RECEIPTS
1,667,438.65
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
2,392,049.34 540,972.46 343,041.90 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
3,276,063.70
8/31/2016
124,387.30 7,038,769.31 10,114.16 992,712.62 961,831.05 15,088,413.46 8/31/2016
24,216,227.90
15,599,513.56 0.00 511,100.10
Available Cash - checking -other accounts TOTAL AVAILABLE CASH
24,216,227.90
15,088,413.46 9,127,814.44 8/31/2016
24,216,227.90
TRUST AND AGENCY FUND BALANCE:
8/1/2016
257,418.68
Receipts: Transfer from the general fund Interest Disbursements: Warrants
343,041.90 8.77
343,050.67
343,302.06 343,302.06
AVAILABLE CASH:
8/31/2016
257,167.29
AVAILABLE CASH CONSISTS OF: Balance-JP Morgan Chase checking Less: Outstanding checks/Omni transfer/DIT BALANCE:
142,056.00 (115,111.29) 8/31/2016
257,167.29
SPECIAL AID BALANCE:
8/1/2016
670,476.39
Receipts: Transfer from the general fund Mature CDs Interest received
0.00 0.00 15.55 15.55
Disbursements: Warrants
144,774.84 144,774.84
AVAILABLE CASH:
8/31/2016
525,717.10
AVAILABLE CASH CONSISTS OF: Balance-M&T Bank checking Less: Outstanding checks BALANCE:
667,990.22 142,273.12 8/31/2016
525,717.10
SCHOOL LUNCH FUND BALANCE:
8/1/2016
714,203.59
Receipts: Government Aid Interest Sales
0.00 30.22 1,924.35 1,954.57
Disbursements: Warrants
6,952.35 6,952.35
AVAILABLE CASH:
8/31/2016
709,205.81
AVAILABLE CASH CONSISTS OF:
Balance per Bank Add: Deposits in Transit Less: Outstanding checks
709,321.46 0.00 115.65
Available Cash - checking
709,205.81
TOTAL AVAILABLE CASH
709,205.81
PAYROLL ACCOUNT BALANCE:
8/1/2016
69,830.51
Receipts: Transfer from the general fund Interest
540,972.46 7.90 540,980.36
Disbursements: Warrants
540,972.46 540,972.46
AVAILABLE CASH:
8/31/2016
AVAILABLE CASH CONSISTS OF: Balance- checking Less: Outstanding checks/DIT BALANCE:
69,838.41
84,884.05 15,045.64 8/31/2016
69,838.41
CAPITAL FUND BALANCE:
8/1/2016
931,828.19
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 25.75 25.75
Disbursements: Transfer to Reserve for Debt Warrants
0.00 711,726.15 711,726.15
AVAILABLE CASH:
8/31/2016
220,127.79
AVAILABLE CASH CONSISTS OF: Balance-JP Morgan Chase checking Less: Deposit in transit Less: Outstanding checks BALANCE:
346,464.49 0.00 126,336.70 8/31/2016
220,127.79
RAMAPO CENTRAL SCHOOL DISTRICT MONTHLY FINANCIAL REPORT August, 2016
BUDGET 2016-17
2015-16 Encumbrance
2016-17 Transfers
Year To Date Expenditures
Encumbrances 2016-17
Balance
1. BOARD OF EDUCATION (Dues, Travel Supplies, Commencement, Consultants)
110,600.00
19,741.95
0.00
11,391.80
79,088.15
39,862.00
2. CENTRAL ADMINISTRATION (Chief School Admin. Salaries, Equipment, Travel, Supplies)
368,329.00
5,520.55
0.00
55,256.04
276,713.84
41,879.67
1,109,139.00
38,010.90
-2,000.00
128,268.68
817,214.91
199,666.31
965,794.00
392,984.94
0.00
61,274.80
1,127,062.30
170,441.84
5. CENTRAL SERVICES (Operation/Maintenance)
7,833,948.00
3,435,531.55
0.00
896,866.14
8,418,130.03
1,954,483.38
6. SPECIAL ITEMS (Insurance, Tax Refunds, BOCES)
1,373,464.00
854,305.54
0.00
712,656.26
1,128,871.04
386,242.24
7. INSTRUCTION-ADMINISTRATION/IMPROVEMENT (Curriculum, Supervision, Principals, and Secretaries)
5,480,666.00
177,290.57
-2,000.00
639,831.73
4,873,720.18
142,404.66
62,809,813.00
3,772,590.09
4,000.00
651,656.77
34,569,844.67
31,364,901.65
9. INSTRUCTIONAL MEDIA (Libraries, a/v)
1,059,778.00
8,631.03
0.00
39,570.27
454,052.65
574,786.11
10. PUPIL SERVICES (Guidance, Health, Psychological)
5,054,184.00
369,606.19
0.00
92,291.84
4,166,856.99
1,164,641.36
11. TRANSPORTATION
8,417,688.00
1,700.64
0.00
24,913.88
7,546,773.00
847,701.76
32,484,971.00
336,760.64
0.00
3,263,334.18
22,374,366.03
7,184,031.43
6,949,507.00
0.00
0.00
0.00 .
768,557.04
6,180,949.96
563,000.00
0.00
0.00
0.00
0.00
563,000.00
134,580,881.00
9,412,674.59
0.00
6,577,312.39
86,601,250.83
50,814,992.37
3. FINANCE (Business Administrator, Auditing, Treasurer)
4. STAFF (Legal Services, Personnel Office, Public Information Office)
8. TEACHING (Teachers' Salaries, Supplies, Equipment, Textbooks, Summer School)
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 August, 2016
BUDGET 2016-17
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
2,627,306
2,627,306
0
450,000
5,525
444,475
2,900,000
295,011
2,604,989
21,052,952
0
21,052,952
106,888,160
0
106,888,160
662,463
0
662,463
134,580,881
2,927,842
131,653,039
RAMAPO CENTRAL SCHOOL DISTRICT SCHEDULE OF RESERVES August, 2016
Tax Certiorari
Insurance
Unemployment
Capital
Balance July 1, 2016 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 July 31. 2016
575,480.00 16,973,191.01
0.00 2,240.03
708,225.12
302,586.47
2,855,431.37
90.39
0.00 38.63
0.00 0.00 364.49
0.00 0.00 0.00 0.00 0.00
0.00 0.00
0.00 0.00
0.00
0.00
0.00
17,550,911.04
708,315.51
302,625.10
2,855,795.86
RAMAPO CENTRAL SCHOOL DISTRICT SCHEDULE OF INVESTMENTS July 1, 2015 - June 30, 2016
Investments C.L.A.S.S. Investments Chase Money Market M&T Money Market
Amount
Date Invested
Date of Maturity
# of Days
Projected Interest at Maturity
Rate of Interest
992,713
9/1/2016
10/18/2016
49
0.1
135.12
7,048,883
9/1/2016
10/18/2016
49
0.1
959.43
124,387
9/1/2016
10/18/2016
49
0.05
8.47
Total Projected Interest Total Actual Interest
1,103.02 3,246.09
Total Actual & Projected General Fund Interest
4,349.11
2016-17 Interest Budgeted
50,000