Colchester, Connecticut

P&L for Budget Committee Sept 2020

Board of Education Meeting 6:00PM

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budget FY 2020-21 BoardDocs (BOE meetings) 2020-11-10

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Colchester Public Schools
                Cafeteria Financials
                                                                                                                                  Unaudited
                                         Audited        Audited     Audited    Audited      Audited     Unaudited                   Sep-20
Revenues                                FY 2014-15    FY 2015-16  FY2016-17   FY 2017-18   FY 2018-19   FY 2019-20                FY 2020-21
State                                 $    35,189.00 $ 36,854.00 $ 33,955.00 $ 33,057.00 $ 32,587.00 $      31,709.00           $           -
Federal                                   246,487.50   225,551.27  213,522.60  210,845.09   248,626.41    221,602.55                  30,286.31
Interest                                       11.22        14.07       38.83         8.03         9.40          6.39                       -
Food Sales Non Program                                              14,752.60     9,441.17     8,611.82      7,495.21                    240.74
Food Sales Program                        421,187.13   375,726.34  369,109.60  375,612.62   368,792.88    254,370.60                   6,757.35
Total Revenue                         $ 702,874.85 $ 638,145.68 $ 631,378.63 $ 628,963.91 $ 658,627.51 $ 515,183.75             $    37,284.40

Expenditures
Wages,Fica,Medicare,Retirement        $   345,305.42   355,125.97     361,466.58   355,121.22   338,094.57          354,132.06       33,804.01
Employee Insurances                        97,649.10    70,518.60      72,049.90    70,668.25    64,986.10           71,128.60             -
Food Program                              203,921.76   193,464.77     162,873.31   144,873.85   178,223.87          143,725.94        8,338.47
Food Non Program                                                       24,816.31    26,683.83    26,719.28           18,280.03          383.09
Other Costs                                26,100.94    30,098.86      29,513.32    42,860.70    35,197.04           25,503.10        3,938.89
Repairs/Maint                               3,355.51    19,564.74      15,553.08    11,614.25    12,394.23            5,662.18             -
Equipment                                        -       3,204.74            -          23.97     1,920.00                 -               -
Total Expenditures                    $   676,332.73 $ 671,977.68   $ 666,272.50 $ 651,846.07 $ 657,535.09 $        618,431.91 $     46,464.46

Net Gain (Loss)                       $    26,542.12 $ (33,832.00) $ (34,893.87) $ (22,882.16) $  1,092.42 $        (103,248.16) $   (9,180.06)
BOE Funding                           $          -               0             0 $        -    $       -    $        139,260.26 $          -
Fund Balance, Beginning               $    43,461.39 $ 70,003.51 $ 36,171.51 $       1,277.64 $ (21,604.52) $        (20,512.10) $   15,500.00
Fund Balance, Ending                  $    70,003.51 $ 36,171.51 $ 1,277.64 $ (21,604.52) $ (20,512.10) $             15,500.00 $     6,319.94



*Free/Reduced Federal reimbursement for August 2020/September 2020 submitted for reimbursement, not yet received.