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please look at line items 18 and 21. What do these dollar amounts tell you? What are your conclusions for the college?

please look at line items 18 and 21. What do these dollar amounts tell you? What are your conclusions for the college?

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Budgeting is important not only for businesses. Also in our personal lives we have scarce resources, especially money and time, but also other resources like for example cell phone data, use of the family computer or family TV set, access to childcare etc. Our college prepares annual budgets as well.  please look at line items 18 and 21. What do these dollar amounts tell you? What are your conclusions for the college? Share your observations with the class and discuss possible reasons for your observations. 
Page 2019-20 2019-20 2020-21 Adopted Budget Estimated Adopted Budget Results Income 1 Federal Income $0 $0 $0 1 2 State Income 0 2 3 Local Income 514,603 339,089 104,450 3 4 Total Income $514,603 $339,089 $104,450 4 Expenses 5 Certificated Salaries 224,995 121,761 40,750 5 6 Classified Salaries 52,164 48,240 51,492 6 7 Employee Benefits 42,235 28,901 25,380 7 8 Materials & Supplies 16,100 12,916 4,330 8 9 Operating Expenses 130,000 151,376 62,500 9 10 Capital Outlay 1,000 1,327 O 10 11 Total Expenses $466,494 $364,521 $184,452 11 Transfers & Other 12 Transfers In $30,000 $11,536 $10,000 12 13 Other Sources 0 13 O 14 O 15 O 16 $10,000 17 14 Transfers out (17,800) 15 Contingency 16 Other Out Go 17 Total Transfers/Other $30,000 ($6,264) Fund Balance 18 Net Change in Fund Balance 19 Beginning Balance, July 1 Adjustments to Beginning 20 Balance 21 Net Fund Balance, June 30 $78,109 144,189 ($31,696) 144,189 ($70,002) 18 112,493 19 O 20 $42,491 21 $222,298 $112,493
Transcribed Image Text:Page 2019-20 2019-20 2020-21 Adopted Budget Estimated Adopted Budget Results Income 1 Federal Income $0 $0 $0 1 2 State Income 0 2 3 Local Income 514,603 339,089 104,450 3 4 Total Income $514,603 $339,089 $104,450 4 Expenses 5 Certificated Salaries 224,995 121,761 40,750 5 6 Classified Salaries 52,164 48,240 51,492 6 7 Employee Benefits 42,235 28,901 25,380 7 8 Materials & Supplies 16,100 12,916 4,330 8 9 Operating Expenses 130,000 151,376 62,500 9 10 Capital Outlay 1,000 1,327 O 10 11 Total Expenses $466,494 $364,521 $184,452 11 Transfers & Other 12 Transfers In $30,000 $11,536 $10,000 12 13 Other Sources 0 13 O 14 O 15 O 16 $10,000 17 14 Transfers out (17,800) 15 Contingency 16 Other Out Go 17 Total Transfers/Other $30,000 ($6,264) Fund Balance 18 Net Change in Fund Balance 19 Beginning Balance, July 1 Adjustments to Beginning 20 Balance 21 Net Fund Balance, June 30 $78,109 144,189 ($31,696) 144,189 ($70,002) 18 112,493 19 O 20 $42,491 21 $222,298 $112,493
2019-20 2019-20 2020-21 fage.2l Adopted Budget Un-Audited Adopted Budget Actual Revenue 1 Federal Revenue $0 $0 $0 1 2 State Revenue 0 2 3 Local Revenue 60,000 52,291 25,000 3 4 Total Revenue $60,000 $52,291 $25,000 4 Expenses 5 Certificated Salaries $0 $0 $0 6 Classified Salaries 6 7 Employee Benefits 0 7 8 Materials & Supplies 10,000 1,407 5,000 8 9 Operating Expenses 10,000 6,702 5,000 10 Capital Outlay 0 10 11 Total Expenses $20,000 $8,109 $10,000 11 Transfers & Other 12 Transfers In $0 $0 $0 12 13 Other Sources 13 14 Transfers out (8,675) (10,000) 14 15 Contingency 16 Other Out Go 17 Total Transfers/Other 15 (5,000) ($5,000) (92,900) ($101,575) (5,000) 16 ($15,000) 17 Fund Balance 18 Net Change in Fund Balance 19 Beginning Balance, July 1 20 Adjustments to Beginning Balance 21 Net Fund Balance, June 30 $35,000 67,108 ($57,393) 67,108 $0 18 9,715 19 20 $102,108 $9,715 $9,715 21
Transcribed Image Text:2019-20 2019-20 2020-21 fage.2l Adopted Budget Un-Audited Adopted Budget Actual Revenue 1 Federal Revenue $0 $0 $0 1 2 State Revenue 0 2 3 Local Revenue 60,000 52,291 25,000 3 4 Total Revenue $60,000 $52,291 $25,000 4 Expenses 5 Certificated Salaries $0 $0 $0 6 Classified Salaries 6 7 Employee Benefits 0 7 8 Materials & Supplies 10,000 1,407 5,000 8 9 Operating Expenses 10,000 6,702 5,000 10 Capital Outlay 0 10 11 Total Expenses $20,000 $8,109 $10,000 11 Transfers & Other 12 Transfers In $0 $0 $0 12 13 Other Sources 13 14 Transfers out (8,675) (10,000) 14 15 Contingency 16 Other Out Go 17 Total Transfers/Other 15 (5,000) ($5,000) (92,900) ($101,575) (5,000) 16 ($15,000) 17 Fund Balance 18 Net Change in Fund Balance 19 Beginning Balance, July 1 20 Adjustments to Beginning Balance 21 Net Fund Balance, June 30 $35,000 67,108 ($57,393) 67,108 $0 18 9,715 19 20 $102,108 $9,715 $9,715 21
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