Black Hawk Area Special Ed District
Original Budget Date:  
Amended Budget
[See pae 18 for reference]
        (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[1]   928,111 81,626 34,858 (6,031) 0 0     0
RECEIPTS/REVENUES                    
  2. LOCAL SOURCES 1000 1,990,000 0 0 25,000 0 0     0
3. FLOW-THROUGH RECEIPTS/REVENUES FROM ONE LEA TO ANOTHER LEA 2000 3,786,728 0   0 0        
  4. STATE SOURCES 3000 580,350 0 0 22,000 0 0     0
  5. FEDERAL SOURCES 4000 2,800,501 0 0 0 0 0     0
  6. Total Direct Receipts/Revenues   9,157,579 0 0 47,000 0 0     0
  7. Receipts/Revenues for "On Behalf of" Payments 2[2] 3998                  
  8. Total Receipts/Revenues 9,157,579 0 0 47,000 0 0     0
DISBURSEMENTS/EXPENDITURES                    
  9. INSTRUCTION 1000 972,059       0        
  10. SUPPORT SERVICES 2000 4,481,821 0   0 0 0     0
  11. COMMUNITY SERVICES 3000 0 0   0 0        
  12. NONPROGRAMMED CHARGES 4000 3,786,728 0 0 40,000 0 0     0
  13. DEBT SERVICES 5000 0 0 0 0 0        
  14. PROVISION FOR CONTINGENCIES 6000 0 0 0 0 0 0     0
  15. Total Direct Disbursements/Expenditures   9,240,608 0 0 40,000 0 0     0
  16. Disbursements/Expenditures for "On Behalf of" Payments2[3] 4180 0 0 0 0 0 0     0
  17. Total Disbursements/Expenditures   9,240,608 0 0 40,000 0 0     0
  18. Excess of Direct Receipts/Revenues Over (Under) Direct Disbursements/Expenditures   (83,029) 0 0 7,000 0 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                  
  20. Permanent Transfer from Working Cash Fund - Interest (Section 20-5) 7120                  
  21. Permanent Transfer (Section 17-2A) 7130                  
  22. Permanent Transfer of Interest (Section 10-22.44) 7140                  
  23. Permanent Transfer from Site and Construction/Capital Improvements Fund (Section 10-22.14) 7150                  
  24. Perm. Transfer of Excess Accumulated Fire Prev. & Safety Tax Proceeds & Int. Earnings (Sec. 17-2.11) 3[4] 7160                  
  25. Perm. Transfer of Excess Accumulated Fire Prev. & Safety Bond Proceeds and Int. Earnings (Sec. 10-22.14) 3[5] 7170                  
  26. Permanent Transfer from Working Cash Fund - Abatement (Section 20-9) 7180                  
  SALE OF BONDS (7200) 7200                  
  27. Principal on Bonds Sold (Amount of Original Issue) 4[6] 7210                  
  28. Premium on Bonds Sold 7220                  
  29. Accrued Interest on Bonds Sold 7230                  
  30. Sale or Compensation for Fixed Assets 5 (Section 2-3.12 and 17-2.11)[7] 7300                  
  31. School Technology Revolving Loan Program (STRLP) 7500                  
  32. Other Sources (Describe & Itemize) 7900                  
  33. Total Other Financing Sources (Total of Lines 19-32)   0 0 0 0 0 0     0
  OTHER FINANCING USES (8000)                    
  TRANSFER TO OTHER FUNDS (8100)                    
  34. Perm. Transfer from Working Cash Fund - Abolishment 8110                  
  35. Permanent Transfer of Working Cash Fund - Interest (Section 20-5) 8120                  
  36. Permanent Transfer (Section 17-2A) 8130                  
  37. Permanent Transfer of Interest (Section 10-22.44) 6[8] 8140                  
  38. Permanent Transfer from Site & Construction/Capital Improvements Fund (Section 10-22.14) 8150           0      
  39. Permanent Transfer of Excess Accumulated Fire Prev. & Safety Tax Proceeds & Int. Earnings (Sec. 17-2.11) 8160                  
  40. Permanent Transfer of Excess Accumulated Fire Prev. & Safety Bond Proceeds and Int. Earnings (Sec. 10-22.14) 8170                  
  41. Permanent Transfer of Working Cash Fund-Abatement (Sec. 20-9) 8180                  
  42. Other Uses (Describe & Itemize) 8190                  
  43. Total Other Financing Uses (Total Lines 34-42) 0 0 0 0 0 0   0 0
  44. Total Other Financing Sources (Uses) (Line 33 minus 43) 0 0 0 0 0 0   0 0
  45. ESTIMATED FUND BALANCE June 30, 2008 (Total Lines 1, 18 & 44)   845,082 81,626 34,858 969 0 0   0 0
[1]
1 Each fund balance should correspoind to the fund balance reflected on the books as of June 30th - Balance Sheet Accounts #703 and #704 (audit figures, if available).
[2]
2 GASB Statement No 24: Accounting and Financial Reporting for certain Grants and Other Financial Asistance. The "On-Behalf Of" Payments should only be reflected on this page (Part I - Budget Summary. Line 7 and 16).
[3]
2 GASB Statement No 24: Accounting and Financial Reporting for certain Grants and Other Financial Asistance. The "On-Behalf Of" Payments should only be reflected on this page (Part I - 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. 10-22.14 & 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 & 17-2.11.
[6]
4 Principal on Bonds Sold:
(1) Funding Bonds or Tort Immunity Bonds can be entered in the Ed., O&M or TR Fund Only.
(2) Refunding Bonds can be entered in the B&I Fund only.
(3) Building Bonds can be entered in the S&C/CI Fund only.
(4) Fire Prevention and Safety can be entered in the FP&S 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 Section 2-3 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.