AMSA Preliminary Profit Loss May and YTD 2014 May 2014 Budget for May 2014 $ Over Budget % of Budget July - May 2014 Budget July-May 2014 % of $ Over Budget Budget Comments Income Tuition Grants & Donations $ $ 11,967 $ $ 22,241 $ $ (10,274) 0% $ 54% $ 9,158,162 211,682 $ $ 8,858,867 246,168 $ $ Misc $ 1,527 $ 1,833 $ (306) 83% $ 21,487 $ 20,167 $ 1,320 107% Nutrition $ 6,815 $ 16,500 $ (9,685) 41% $ 120,984 $ 148,500 $ (27,516) 81% Student Program $ 44,969 $ 51,866 $ (6,897) 87% $ 402,540 $ 253,307 $ 299,295 (34,486) 149,233 103% 86% Next tuition payment June, 30th, 2014 Under budget due to Annual Giving in Deferred Revenue($49,488.42) Investment Income Less than budgeted due to dropping out of food program with DESE. March was the last Nutrition Income received from DOE. Over budget due to Bookfest(50K) and Summer School ($31K) not being included in budget. Field trips occurred that were not budgeted(Project Adventure $25K, Disney Trip $50K), AP had an increase from last year.(Last year 218 took the test this year 482) Transportation fees collected run through Student Transportation in expenses not Student Programs. 159% Increase in Sport Participation- Track(15K additional than last yr) and added JV Lacrosse and JV Softball this year. Additional players in baseball, soccer and cross country, extra money from MIAA for hosting basketball tournament events($2720.00). 125% Will come in over budget due to receiving $6,486.00 from DOE, $410 left 104% to collect on student transportation. Student Scholarships $26,075.00 Athletic Program $ 8,232 $ 14,053 $ (5,820) 59% $ 157,996 $ 126,473 $ 31,523 Student Transportation $ $ 9,243 82,753 $ $ 106,493 $ $ 9,243 (23,740) 0% $ 78% $ 217,403 10,290,254 $ $ 208,800 9,862,282 $ $ 8,603 427,972 Salaries Payroll Taxes & Fringe Benefits Professional Development Instructional Supplies & Equip $ $ $ $ 639,405 92,346 9,447 12,841 $ $ $ $ 590,536 74,426 9,091 18,860 $ $ $ $ 48,870 17,920 356 (6,019) 108% 124% 104% 68% $ $ $ $ 6,422,077 886,941 100,000 344,575 $ $ $ $ 6,431,492 818,683 100,000 403,914 $ $ $ $ (9,415) 68,258 (59,339) Student Program Nutrition $ $ 126,237 20,810 $ $ 94,272 17,100 $ $ 31,965 3,710 134% $ 122% $ 338,702 130,098 $ $ 252,525 153,900 $ $ 86,177 (23,802) Athletic Program $ 44,627 $ 46,873 $ (2,246) 95% $ 380,582 $ 421,855 $ (41,273) 90% Student Transportation Lease. CAM and Taxes Facilities Utility IT Auditor $ $ $ $ $ $ 33,639 135,136 25,386 21,441 2,401 - $ $ $ $ $ $ 28,170 136,428 31,029 19,442 13,642 - $ $ $ $ $ $ 5,469 (1,292) (5,643) 1,999 (11,241) - $ $ $ $ $ $ 266,483 1,486,605 280,470 201,376 163,267 9,106 $ $ $ $ $ $ 268,830 1,500,710 252,064 204,010 172,066 25,000 $ $ $ $ $ $ (2,347) (14,105) 28,406 (2,634) (8,799) (15,894) 99% 99% 111% 99% 95% 36% Legal $ (218,151) $ 25,000 -873% $ 252,059 $ 275,000 $ (22,941) 92% Audit Fees will be applied in June Received reimbursement from Insurance Company for Legal Fees ($253,291.43) Other Operating Costs $ 2,200 $ 4,651 $ (2,451) 47% $ 141,945 $ 155,591 $ (13,646) 91% Postage, Bank Fees, Insurance Coverage, Due & Memberships Depreciation $ 21,780 $ 23,750 $ (1,970) 92% $ 190,413 $ 261,250 $ (70,837) 73% $ 969,546 $ 1,133,270 $ (163,725) 86% $ 11,594,698 $ 11,696,890 $ (102,192) 99% 86% $ (1,304,444) $ 530,164 71% 104% Expense Net Income $ (886,793) $ $ (243,151) (1,026,777) $ 139,984 119% 99% 82% 110% 18% 0% (1,834,609) $ 100% 108% 100% 85% Over budget due to additions to medical and dental plan An additional $16,851.00 paid through deferred revenue for Sprout Anticipate coming in lower than budgeted Over budget due to Bookfest(40K) and some of outside summer school expenses (10K) not being included in budget. AP testing increased. Stipends for clubs, inside summer school and HW/Media Club run through salaries 134% Anticipate coming under budget due to switching of lunch vendors 85% Originally budgeted for Swimming, but the program didn't run. Includes Forekicks($272,904.75). Stipends for Athletics run through salaries. Transportation to/from AMSA for school($203,990), Bus for Student Activities($23,368.13),Bus for Athletics($29,191.60) and Mckinney Vento($7953.80), Excise Tax and Gas for AMSA buses New Copiers/Contracts and furniture was not budgeted
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