The Superintendent's Financial Statements for the months ending October 31, 2011, November 30, 2011, and December 31, 2011 do not reflect any unexpected trends for the midpoint of the 2011-2012 fiscal year.  The General Fund has reversed the negative undesignated fund balance with the receipt of property tax revenues in November  2011.  Deficit spending will continue in the General Fund as fund balance has been budgeted to decrease this fiscal year due to State revenue shortfalls and reduced property tax revenues.  The large variance between 2012 and 2011 on the District's balance sheet at December 31, 2011 for accounts payable is a result of the implementation of the Crosspointe software in August 2011.  The District is now more appropriately reflecting our accounts payable liabilities and actual expenses in the period they are incurred rather than the period paid.