2015-2016 Final Budget

 

GENERAL APPROPRIATION RESOLUTION
FOR ADOPTION BY THE BOARD OF DIRECTORS OF MERRITT ACADEMY

RESOLVED, that this resolution shall be the general appropriations of Merritt Academy for the fiscal year 2016. A resolution to make appropriations; to provide for the expenditure of the appropriations; and to provide for the disposition of all income received by Merritt Academy.

BE IT FURTHER RESOLVED, that the total revenues estimated to be available for appropriations in the general fund of Merritt Academy for fiscal year 2016 is as follows:

    Current Approved Approved
    Budget Amendment Budget
REVENUE      
  Fund Balance 6-30 519,536   519,536
(1XX) Local Sources 125,700 12,165 137,865
(2XX) State Sources 5,105,542 0 5,105,542
(3XX) Federal Sources 279,697 (51,000) 228,697
  Other Sources 70,000 0 70,000
         
 

TOTAL AVAILABLE

TO APPROPRIATE

$6,100,475 (38,835) $6,061,640
         
       
BE IT FURTHER RESOLVED that $5,626,053 of the total available to appropriate in the general fund is hereby appropriated in the amounts and for the purposes set forth below:
         
EXPENDITURES      
(11X) Elementary 1,597,300 31,874 1,629,174
(11X) Middle School 281,147 (3,852) 277,295
(11X) High School 450,388 (12,804) 437,584
(11X) Preschool 238,402 2,013 240,415
(12X) Special Education 268,443 0 268,443
(12X) Compensatory Education 150,556 0 150,556
(21X) Support Services- Pupil 148,562 0 148,562
(22X) Support Services-Instructional 15,419 0 15,419
(22X) Student Assessment 12,308 0 12,308
(23X) General Administration 36,200 0 36,200
(23X) Executive Administration 630,839 0 630,839
(24X) School Administration 405,690 0 405,690
(25X) Business Services 40,760 2,750 43,510
(26X) Operations and Maintenance 432,089 13,684 445,773
(27X) Pupil Transportation Services 77,100 2,900 80,000
(28X) Other Support Services 26,000 9,500 35,500
(29X) Afterschool Athletics 59,895 0 59,895
(33X) Community Service 1,100 0 1,100
(351) Latchkey 12,250 0 12,250
(45X) Building Improvement 0 0 0
(5XX) Debt principal and interest 0 0 0
  Outgoing Transfers 695,540 0 695,540
         
  TOTAL APPROPRIATED $5,579,988 46,065 $5,626,053
         
  EXCESS REVENUE (EXPENDITURES) $951 (84,900) ($83,949)
         
  ESTIMATED FUND BALANCE AT JUNE 30, 2016 $520,487 -84,900 $435,587
         
APPROVED BY BOARD OF DIRECTORS, regular board meeting, on    
         
         
Board Secretary      

 

SCHOOL SERVICE FUND APPROPRIATION RESOLUTION
FOR ADOPTION BY THE BOARD OF DIRECTORS OF MERRITT ACADEMY

RESOLVED, that this resolution shall be the school service fund appropriations of Merritt Academy for the fiscal year 2016. A resolution to make appropriations; to provide for the expenditure of the appropriations; and to provide for the disposition of all income received by Merritt Academy.

BE IT FURTHER RESOLVED, that the total revenues estimated to be available for appropriations in the school service fund of Merritt Academy for fiscal year 2016 is as follows:

    Initial    
    Approved Approved Approved
    Budget Amendment Budget
REVENUE      
  Fund Balance as of June 30, 2015 18,176   18,176
(1XX) Local Sources 18,000 200 18,200
(2XX) State Sources 2,934 -1,688 1,246
(3XX) Federal Sources 95,000 -2,500 92,500
  Incoming Transfers from Fund Balance 0   0
         
  TOTAL AVAILABLE TO APPROPRIATE $134,110 -3,988 $130,122
         
  BE IT FURTHER RESOLVED, that $121,536 of the total available to
appropriate in the school service fund is hereby appropriated in the amounts and for the purposes set forth below:
         
  EXPENDITURES      
(2XX) Food Service 115,684 5,852 121,536
  Outgoing Transfers and Other Transactions 0 0 0
         
  TOTAL APPROPRIATED $115,684 0 $121,536
         
  EXCESS REVENUE (EXPENDITURES) $250 -9,840 ($9,590)
         
  ESTIMATED FUND BALANCE AT JUNE 30, 2016 $18,426 -9,840 $8,586
         
APPROVED BY BOARD OF DIRECTORS, regular board meeting, on    
         
         
Board Secretary