Darien Public Schools
x Original Budget Date: June 26, 2007
  Amended Budget (MM/DD/YY)
[See page 31 for references]
    (10) (20) (30) (40) (50) (60) (70) (80) (90)
Description Acct # Educational Operations & Maintenance Bond & Interest Transportation Municipal Retirement/ Social Security Site & Construction/ Capital Improvement Working Cash Rent Fire Prevention & Safety
  1. ESTIMATED FUND BALANCE July 1, 2007[1] 4,199,411 786,603 430,620 888,854 197,893 5,761,814 2,212,210 0 0
RECEIPTS/REVENUES                    
  2. LOCAL SOURCES 1000 10,261,839 1,152,400 682,626 534,600 470,919 1,380,000 232,446 0 0
3. FLOW-THROUGH RECEIPTS/REVENUES FROM ONE LEA TO ANOTHER LEA 2000 0 0   0 0        
  4. STATE SOURCES 3000 1,626,112 0 0 310,000 0 0 0 0 0
  5. FEDERAL SOURCES 4000 307,500 0 0 0 0 0 0 0 0
  6. Total Direct Receipts/Revenues   12,195,451 1,152,400 682,626 844,600 470,919 1,380,000 232,446 0 0
  7. Receipts/Revenues for "On Behalf of" Payments 2[2] 3998 0 0 0 0 0 0   0 0
  8. Total Receipts/Revenues 12,195,451 1,152,400 682,626 844,600 470,919 1,380,000 232,446 0 0
DISBURSEMENTS/EXPENDITURES                    
  9. INSTRUCTION 1000 8,636,007       193,904        
  10. SUPPORT SERVICES 2000 3,065,938 1,254,090   828,766 303,133 6,000,000     0
  11. COMMUNITY SERVICES 3000 0 0   0 0        
  12. NONPROGRAMMED CHARGES 4000 1,025,000 0 0 0 0 0     0
  13. DEBT SERVICES 5000 0 0 662,500 0 0     0 0
  14. PROVISION FOR CONTINGENCIES 6000 0 0 0 0 0 0     0
  15. Total Direct Disbursements/Expenditures   12,726,945 1,254,090 662,500 828,766 497,037 6,000,000   0 0
  16. Disbursements/Expenditures for "On Behalf of" Payments 2[3] 4180 0 0 0 0 0 0   0 0
  17. Total Disbursements/Expenditures   12,726,945 1,254,090 662,500 828,766 497,037 6,000,000   0 0
  18. Excess of Direct Receipts/Revenues Over (Under) Direct Disbursements/Expenditures (531,494) (101,690) 20,126 15,834 (26,118) (4,620,000) 232,446 0 0
OTHER FINANCING SOURCES (USES)                    
OTHER FINANCING SOURCES (7000)                      
  TRANSFER FROM OTHER FUNDS (7100)                    
  19. Permanent Transfer from Working Cash Fund - Abolishment (Section 20-8) 7110 0                
  20. Permanent Transfer from Working Cash Fund - Interest (Section 20-5) 7120 30,000 0 0 0 0 0   0 0
  21. Permanent Transfer (Section 17-2A) 7130 0 0   0          
  22. Permanent Transfer of Interest (Section 10-22.44) 7140 0 0 0   6,656 0 0 0 0
  23. Permanent Transfer from Site and Construction/Capital Improvement Fund (Section 10-22.14) 7150   0 0            
  24. Perm. Transfer of Excess Accumulated Fire Prev. & Safety Tax Proceeds & Int. Earnings (Sec. 17-2.11) 3[4] 7160   0              
  25. Perm. Transfer of Excess Accumulated Fire Prev. & Safety Bond Proceeds and Int. Earnings (Sec. 10-22.14) 3 [5] 7170     0            
  26. Permanent Transfer from Working Cash Fund - Abatement (Section 20-9) 7180 0 0 0 0 0     0 0
  SALE OF BONDS (7200) 7200                  
  27. Principal on Bonds Sold (Amount of Original Issue) 4[6] 7210 0 0 0 0   0 0   0
  28. Premium on Bonds Sold 7220 0 0 0 0   0 0   0
  29. Accrued Interest on Bonds Sold 7230 0 0 0 0   0 0   0
  30. Sale or Compensation for Fixed Assets 5 (Section 2-3.12 and 17-2.11)[7] 7300 0 0 0 0 0 0   0 0
  31. School Technology Revolving Loan Program (STRLP) 7500 0 0              
  32. Other Sources (Describe & Itemize) 7900 0 0 0 0 0 0 0 0 0
  33. Total Other Financing Sources (Total Lines 19-32)   30,000 0 0 0 6,656 0 0 0 0
  OTHER FINANCING USES (8000)                    
  TRANSFER TO OTHER FUNDS (8100)                    
  34. Perm. Transfer from Working Cash Fund - Abolishment 8110             0    
  35. Permanent Transfer of Working Cash Fund - Interest (Section 20-5) 8120             30,000    
  36. Permanent Transfer (Section 17-2A) 8130 0 0   0          
  37. Permanent Transfer of Interest (Section 10-22.44) 6[8] 8140 0 0 6,656 0 0 0   0  
  38. Permanent Transfer from Site & Construction/Capital Improvement Fund (Section 10-22.14) 8150           0      
  39. Perm. Transfer of Excess Accumulated Fire Prev. & Safety Tax Proceeds & Int. Earnings (Sec. 17-2.11) 8160                 0
  40. Perm. Transfer of Excess Accumulated Fire Prev. & Safety Bond Proceeds and Int. Earnings (Sec. 10-22.14) 8170                 0
  41. Permanent Transfer of Working Cash Fund-Abatement (Sec. 20-9) 8180             0    
  42. Other Uses (Describe & Itemize) 8190 0 0 0 0   0   0  
  43. Total Other Financing Uses (Total Lines 34-42) 0 0 6,656 0 0 0 30,000 0 0
  44. Total Other Financing Sources (Uses) (Line 33 minus 43) 30,000 0 (6,656) 0 6,656 0 (30,000) 0 0
  45. ESTIMATED FUND BALANCE June 30, 2008 (Total Lines 1, 18 & 44)   3,697,917 684,913 444,090 904,688 178,431 1,141,814 2,414,656 0 0
[1]
A Each fund balance should correspond to the fund balance reflected on the books as of June 30th - Balance Sheet Accounts #703 (audit figures, if available).
[2]
2 GASB Statement No 24: Accounting and Financial Reporting for Certain Grants and Other Financial Assistance. The "On-Behalf Of" Payments should only be reflected on this page (Part III-Budget Summary. Line 7 and 16).
[3]
2 GASB Statement No 24: Accounting and Financial Reporting for Certain Grants and Other Financial Assistance. The "On-Behalf Of" Payments should only be reflected on this page (Part III-Budget Summary. Line 7 and 16).
[4]
3 Requires the secretary of the school board to notify the county clerk (within 30 days of the transfer approval) to abate an equal amount of taxes to be next extended. See (Sec. 17-2.11.)
[5]
3 Requires the secretary of the school board to notify the county clerk (within 30 days of the transfer approval) to abate an equal amount of taxes to be next extended. See (Sec. 10-22.14)
.
[6]
4 Principal on Bonds Sold:
(1) Funding Bonds or Tort Immunity Bonds can be entered in the Ed., O & M or Transp. Funds only.
(2) Refunding Bonds can be entered in the B & I Fund only.
(3) Building Bonds can be entered in the S & Const. Fund only.
(4) Fire Prevention and Safety can be entered in the Fire Prevention & Safety Fund only.
[7]
5 The proceeds from the sale of school sites, buildings, or other real estate shall be used first to pay the principal and interest on any outstanding bonds on the property being sold, and after all such bonds have been retired, the remaining proceeds from the sale next shall be used by the school board to meet any urgent district needs as determined under Sections 2-3.12 and 17-2.11 of the School Code. Once these issues have been addressed, any remaining proceeds may be used for any other authorized purpose and for deposit into any district fund.
[8]
6 The School Code, Section 10-22.44 prohibits the transfer of interest earned on the investment of "any funds for purposes of Illinois Municipal Retirement under the Pension Code." This prohibition does not include funds for Social Security and Medicare-only purposes.