The Superintendent's Financial Statements for the month ending November 30, 2009 does not reflect any unexpected trends at this early stage in the 2009-10 fiscal year.  Deficit spending in the General Fund continues as fund balance has been budgeted to decrease this fiscal year due to State revenue shortfalls and reduced property tax revenues.  The Food Service Fund shows a decrease in revenue of 4.2% year to date.  The money the District receives through the Free and Reduced Meals Program has increased over 10% from the prior year, but revenues received from students paying full price or purchasing al a carte meals has decreased over 15%.  Expenditures have decreased approximately 22% from the prior year.

The Superintendent's Financial Statements for the month ending December 31, 2009 does not reflect any unexpected trends at the mid point of the 2009-2010 fiscal year.  The negative trend in the General Fund has reversed itself.  However, deficit spending in the General Fund will continue in future months as fund balance has been budgeted to decrease this fiscal year due to State revenue shortfalls and reduced property tax revenues.  The Food Service Fund shows a decrease in revenue of approximately 3% year to date.  The money the District receives through the Free and Reduced Meals Program has increased approximately 6%, but revenues received from students paying full price or purchasing al a carte meals has decreased over 11%.  Expenditures have decreased over 9% from the prior year.   The District made an arrangement with the Tax Collector in December for the Tax Collector to invest some of the District tax revenue money since the Tax Collector was receiving a better interest rate than the District.  This is the cause of the large Due from Other Agencies amount in both the General and Capital Projects Funds.

WHITE & CORCORAN/PEASLEE