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COOSA COUNTY BOARD OF EDUCATION FINANCIAL STATEMENT
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| COOSA COUNTY BOARD OF EDUCATION | |||||||
| FINANCIAL STATEMENT | |||||||
| OCTOBER 1, 2021 – SEPTEMBER 30, 2022 | |||||||
| FIDUCIARY | |||||||
| SPECIAL | DEBT | CAPITAL | EXPENDABLE | ||||
| GENERAL | REVENUE | SERVICE | PROJECTS | TRUST | TOTAL | ||
| REVENUES: | |||||||
| State | 5,960,910.87 | 3,774.30 | 0.00 | 284,228.35 | 0.00 | 6,248,913.52 | |
| Federal | 4,022.06 | 4,723,988.72 | 0.00 | 0.00 | 0.00 | 4,728,010.78 | |
| Local | 2,808,496.92 | 361,365.02 | 0.00 | 545,699.10 | 45,288.26 | ||
| Other | 85,427.70 | 8,984.71 | 0.00 | 0.00 | 0.00 | 94,412.41 | |
| TOTAL REVENUES | 8,858,857.55 | 5,098,112.75 | 0.00 | 829,927.45 | 45,288.26 | 14,832,186.01 | |
| EXPENDITURES: | |||||||
| Instructional Services | 4,103,325.90 | 1,725,019.94 | 0.00 | 0.00 | 15,757.40 | 5,844,103.24 | |
| Instructional Support Services | 1,132,854.31 | 569,886.66 | 0.00 | 0.00 | 1,830.06 | 1,704,571.03 | |
| Operation & Maintenance | 1,204,898.03 | 117,747.89 | 0.00 | 35,751.30 | 317.25 | 1,358,714.47 | |
| Auxiliary Services | 1,234,014.44 | 1,351,061.88 | 0.00 | 857,947.60 | 40.30 | 3,443,064.22 | |
| General Administrative Services | 641,453.69 | 420,478.44 | 0.00 | 0.00 | 0.00 | 1,061,932.13 | |
| Capital Outlay | 112,282.48 | 886,898.17 | 0.00 | 479,164.15 | 0.00 | 1,478,344.80 | |
| Debt Service | |||||||
| Principal | 32,689.08 | 0.00 | 160,000.00 | 266,122.33 | 0.00 | 458,811.41 | |
| Interest | 8,137.38 | 0.00 | 28,917.50 | 29,508.61 | 0.00 | 66,563.49 | |
| Other Debt Service | 3,966.15 | 0.00 | 0.00 | 1,250.00 | 0.00 | 5,216.15 | |
| Other Expenditures | 15,588.33 | 128,298.77 | 0.00 | 0.00 | 60,782.62 | 204,669.72 | |
| TOTAL EXPENDITURES | 8,489,209.79 | 5,199,391.75 | 188,917.50 | 1,669,743.99 | 78,727.63 | 15,625,990.66 | |
| OTHER FINANCING SOURCES | |||||||
| Transfers In | 16,959.79 | 175,761.10 | 188,917.50 | 12,871.00 | 0.00 | 394,509.39 | |
| Other Financing Sources | 869,396.62 | 320.26 | 0.00 | 857,947.60 | 0.00 | 1,727,664.48 | |
| Transfers Out | 347,381.26 | 46,858.91 | 0.00 | 0.00 | 269.22 | 394,509.39 | |
| Other Funds Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| TOTAL OTHER FINANCING SOURCES | 538,975.15 | 129,222.45 | 188,917.50 | 870,818.60 | -269.22 | 1,727,664.48 | |
| EXCESS REVENUES &OTHER SOURCES | |||||||
| Expenditures & Other Uses | 908,622.91 | 27,943.45 | 0.00 | 31,002.06 | -33,708.59 | 933,859.83 | |
| BEGINNING FUND BALANCE – 10/01/2021 | 647,177.90 | 358,521.01 | 0.00 | 104,352.18 | 165,455.58 | 1,275,506.67 | |
| ENDING FUND BALANCE – 09/30/2022 | 1,555,800.81 | 386,464.46 | 0.00 | 135,354.24 | 131,746.99 | 2,209,366.50 | |
| Schedule of Debt | Original Amount | FY22 Principal Paid | FY22 Interest Paid | Remaining Balance | |||
| PSCA Leveraged – School Construction 2012-A | 1,584,636.56 | 182,950.23 | 8,370.58 | 95,469.66 | |||
| PSCA Leveraged – School Construction 2014-A | 80,241.84 | 7,864.00 | 1,500.19 | 26,071.60 | |||
| 2016 School Warrants-School Construction | 2,110,000.00 | 160,000.00 | 28,917.50 | 1,200,000.00 | |||
| Fleet Renewal – Bus Purchases 2018 | 373,009.55 | 36,227.34 | 6,643.98 | 215,062.14 | |||
| Fleet Renewal – Bus Purchases 2019 | 231,407.55 | 21,461.09 | 6,298.87 | 156,278.12 | |||
| Fleet Renewal – Bus Purchases 2022 | 857,946.60 | 50,308.75 | 14,832.37 | 807,637.85 | |||
| Totals | 5,237,242.10 | 458,811.41 | 66,563.49 | 2,500,519.37 | |||