2016-2017 Board Approved Budget Amendment as of 11/21/2016 

School Service Fund Appropriation Resolution for Adoption by the Board of Directors or Merritt Academy

RESOLVED, that this resolution shall be the school service fun appropriations of Merritt Academy for the fiscal year 2017. 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 207 is as follows:

REVENUE

Fund Balance as of June 30, 2016

(1XX) Local Sources
Current Approved Budget: 10,063
Proposed Amendment: 0
Approved Budget: 10,063

(2XX) State Sources
Current Approved Budget: 20,000
Proposed Amendment: 0
Approved Budget: 20,000

(3XX) Federal Sources
Current Approved Budget: 98,600
Proposed Amendment: 0
Approved Budget: 98,600

Total Available to Appropriate
Current Approved Budget: 130,633
Proposed Amendment: 0
Approved Budget: 130,633

BE IT FURTHER RESOLVED, that $129,630 of the total available to appropriate in the school service fund is hereby appropriated in the amounts and for the purposes set

EXPENDITURES

(2XX) Food Service
Current Approved Budget: 129,130
Proposed Amendment: 500
Approved Budget: 129,630

Total Appropriated
Current Approved Budget: 129,130
Proposed Amendment: 500
Approved Budget: 129,630

Excess Revenue (Expenditures)
Current Approved Budget: (8,530)
Proposed Amendment: -500
Approved Budget: (9,030)

Estimated Fund Balance at June 30, 2017
Current Approved Budget: 1,533
Proposed Amendment: -500
Approved Budget: 1,033

APPROVED BY BOARD OF DIRECTORS regular board meeting, on 11-21-2016

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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 2017. A resolution to make appropriations; to provide for the expenditure for 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 2017 is as follows:

REVENUE

Fund Balance as of June 30, 2016
Current Budget: 463,402
Proposed Amendment: 0
Approved Budget: 463,402

(1XX) Local Sources
Current Budget: 104,000
Proposed Amendment: 0
Approved Budget: 104,000

(2XX) State Sources
Current Budget: 5,210,055
Proposed Amendment: 188,350
Approved Budget: 5,398,405

(3XX) Federal Sources
Current Budget: 271,000
Proposed Amendment: 32,725
Approved Budget: 303,725

Other Sources
Current Budget: 65,000
Proposed Amendment: 0
Approved Budget: 65,000

Total Available to Appropriate
Current Budget: 6,113,457
Proposed Amendment: 221,075
Approved Budget: 6,334,532

BE IT FURTHER RESOLVED, that $5,787,187 of the total available to appropriate in the general fund is hereby appropriated in the amounts and for the purposes set forth below:

EXPENDITURES

(Current Budget - Proposed Amendment - Approved Budget)

(11x) Elementary (1,607,917 - 72,350 - 1,680,267)
(11x) Middle School (268,390 - 0 - 268,390)
(11x) High School (474,396 - 700 - 475,096)
(11x) Preschool (218,826 - -26,039 - 192,787)
(11x) Summer School (0 - 2,500 - 2,500)
(12x) Special Education (284,128 - 0 - 284,128)
(12x) Compensatory Education (235,200 - 0 - 235,200)
(21x) Support Services- Pupil (124,341 - 34,883 - 159,224)
(22x) Support Services- Instructional (10,400 - 11,928 - 22,328)
(22x) Student Assessment (17,500 - 0 - 17,500)
(23x) General Administration (37,000 - 0 - 37,000)
(24x) Executive Administration (628,120 - 0 - 628,120)
(24x) School Administration (422,830 - 280 - 423,110)
(25x) Business Services (41,700 - 3,500 - 45,200)
(26x) Operations and Maintenance (378,600 - 63,622 - 442,222)
(27x) Pupil Transportation Services (55,000 - 15,000 - 70,000)
(28x) Other Support Services (23,000 - 0 - 23,000)
(29x) Afterschool Athletics (60,000 - 0 - 60,000)
(33x) Community Service (1,000 - 0 - 1,000)
(351) Latchkey (12,115 - 0 - 12,115)
(45x) Building Improvement (0 - 12,000 - 12,000)
(5xx) Debt Principal and Interest (0 - 0 - 0)
Outgoing Transfers and Other Transactions (696,000 - 0 - 696,000)

TOTAL APPROPRIATED ($5,596,463 - $190,724 - $5,787,187)

EXCESS REVENUE (EXPENDITURES) ($53,392 - $30,351 - $83,943)

ESTIMATED FUND BALANCE AT JUNE 30, 2017 ($516,994 - $30,351 - $547,345)

APPROVED BY BOARD OF DIRECTORS, regular board meeting, on 11-21-2016