RAMAPO CENTRAL SCHOOL DISTRICT HILLBURN, NEW YORK TREASURER'S MONTHLY REPORT 03/01/2016-03/31/2016
Received by the Board of Education and entered as part of the minutes of the Board of Education meeting held on May 3, 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 03/01/2016-03/31/2016 TOTAL AVAILABLE CASH
3/1/2016
65,859,852.29
CASH RECEIVED:
Real Estate Taxes State Aid BOCES Field Trips Student Activities Rent Health Insurance BOCES Arts in Education Interest Commissions Gifts Miscellaneous
5,506,568.56 4,700,897.65 506,177.25 143,545.50 63,388.00 41,355.59 19,505.84 2,934.12 1,159.60 608.09 470.17 138.00
TOTAL RECEIPTS
10,986,748.37
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
7,621,120.24 3,068,458.11 2,260,373.16 250,000.00 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
13,199,951.51
3/31/2016
124,356.02 47,029,458.93 10,112.05 1,941,158.49 7,228,764.09 7,312,799.57 3/31/2016
63,646,649.15
9,030,906.56 0.00 1,718,106.99
Available Cash - checking -other accounts TOTAL AVAILABLE CASH
63,646,649.15
7,312,799.57 56,333,849.58 3/31/2016
63,646,649.15
TRUST AND AGENCY FUND BALANCE:
3/1/2016
253,617.12
Receipts: Transfer from the general fund Interest Disbursements: Warrants
2,186,495.52 29.39
2,186,524.91
2,145,147.99 2,145,147.99
AVAILABLE CASH:
3/31/2016
294,994.04
AVAILABLE CASH CONSISTS OF: Balance-JP Morgan Chase checking Less: Outstanding checks/Omni transfer/DIT BALANCE:
284,917.73 10,076.31 3/31/2016
274,841.42
SPECIAL AID BALANCE:
3/1/2016
(92,020.25)
Receipts: Transfer from the general fund Mature CDs Interest received
250,000.00 0.00 2.91 250,002.91
Disbursements: Warrants
80,060.91 80,060.91
AVAILABLE CASH:
3/31/2016
77,921.75
AVAILABLE CASH CONSISTS OF: Balance-M&T Bank checking Less: Outstanding checks BALANCE:
98,211.15 20,289.40 3/31/2016
77,921.75
SCHOOL LUNCH FUND BALANCE:
3/1/2016
866,412.07
Receipts: Government Aid Interest Sales
102,438.00 38.61 66,755.08 169,231.69
Disbursements: Warrants
225,168.86 225,168.86
AVAILABLE CASH:
3/31/2016
810,474.90
AVAILABLE CASH CONSISTS OF:
Balance per Bank Add: Deposits in Transit Less: Outstanding checks
811,287.64 272.26 1,085.00
Available Cash - checking
810,474.90
TOTAL AVAILABLE CASH
810,474.90
PAYROLL ACCOUNT BALANCE:
3/1/2016
69,694.41
Receipts: Transfer from the general fund Interest
3,157,445.03 29.01 3,157,474.04
Disbursements: Warrants
3,157,445.03 3,157,445.03
AVAILABLE CASH:
3/31/2016
AVAILABLE CASH CONSISTS OF: Balance- checking Less: Outstanding checks/DIT BALANCE:
69,723.42
114,664.47 44,941.05 3/31/2016
69,723.42
CAPITAL FUND BALANCE:
3/1/2016
931,634.32
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 39.28 39.28
Disbursements: Transfer to Reserve for Debt Warrants
0.00 0.00 0.00
AVAILABLE CASH:
3/31/2016
931,673.60
AVAILABLE CASH CONSISTS OF: Balance-JP Morgan Chase checking Less: Deposit in transit Less: Outstanding checks BALANCE:
931,673.60 0.00 0.00 3/31/2016
931,673.60
RAMAPO CENTRAL SCHOOL DISTRICT MONTHLY FINANCIAL REPORT March, 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
78,853.85
34,114.09
28,616.61
2. CENTRAL ADMINISTRATION (Chief School Admin. Salaries, Equipment, Travel, Supplies)
376,326.00
7,554.75
-229.46
274,453.52
75,307.25
33,890.52
1,071,086.00
126,457.08
-8,904.66
767,296.41
257,960.31
163,381.70
922,208.00
378,486.27
-500.00
428,563.61
503,975.77
367,654.89
5. CENTRAL SERVICES (Operation/Maintenance)
7,872,384.00
4,540,252.87
-42,073.44
6,193,242.08
2,404,908.38
3,772,412.97
6. SPECIAL ITEMS (Insurance, Tax Refunds, BOCES)
1,600,000.00
984,036.54
6,000.00
1,119,652.77
992,031.81
478,351.96
7. INSTRUCTION-ADMINISTRATION/IMPROVEMENT (Curriculum, Supervision, Principals, and Secretaries)
5,658,456.00
163,776.54
-12,554.61
3,899,187.85
1,497,459.51
413,030.57
60,616,446.00
3,998,814.59
110,210.93
37,608,033.96
22,153,923.79
4,963,513.77
778,775.00
57,757.16
-12,459.01
529,871.08
194,869.27
99,332.80
10. PUPIL SERVICES (Guidance, Health, Psychological)
4,804,569.00
255,206.45
385.25
3,108,294.61
1,595,702.13
356,163.96
11. TRANSPORTATION
7,795,532.00
111,604.62
0.00
4,771,712.59
2,472,863.20
662,560.83
33,011,071.00
448,458.84
-39,875.00
20,301,392.97
10,261,324.93
2,856,936.94
6,927,553.00
0.00
0.00
6,285,857.04 .
0.00
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
85,366,412.34
42,444,440.44
14,977,543.48
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 March, 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
407,964
42,036
2,759,555
2,899,995
-140,440
19,183,004
18,848,437
334,567
106,888,160
106,941,978
-53,818
313,017
0
313,017
131,693,736
131,198,375
495,361
RAMAPO CENTRAL SCHOOL DISTRICT SCHEDULE OF RESERVES March, 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 March 31, 2016
575,480.00 13,404,400.17
0.00 6,607.09
707,714.73
306,988.92
2,592,114.14
334.47
0.00 145.08
0.00 0.00 1,225.07
0.00 0.00 0.00 (29,975.53) 0.00 13,956,511.73
0.00 0.00
0.00 0.00
0.00
2,096.51
0.00
708,049.20
305,037.49
2,593,339.21
RAMAPO CENTRAL SCHOOL DISTRICT SCHEDULE OF INVESTMENTS July 1, 2015 - May 3, 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
1,941,158
4/1/2016
5/3/2016
33
0.1
177.94
47,039,571
4/1/2016
5/3/2016
33
0.1
4,311.96
124,356
4/1/2016
5/3/2016
33
0.05
5.70
Total Projected Interest Total Actual Interest
4,495.60 29,911.91
Total Actual & Projected General Fund Interest
34,407.51
2015-16 Interest Budgeted
50,000
