Colchester, Connecticut

Comparison Financials thru March

Board of Education Meeting 6:00PM

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financial report FY 2021-22 BoardDocs (BOE meetings) 2022-05-10

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Colchester Public Schools
                                      Cafeteria Financials
                                 Comparison Financials thru March

                                      Mar-19          Mar-20          Mar-21         Mar-22
Revenues                            FY 2018-19      FY 2019-20      FY 2020-21     FY 2021-22
State                             $     25,568.00 $     24,343.00 $     10,862.00 $ 31,745.76
Federal                               179,608.02      185,266.83      327,423.00    859,145.17
Interest                                     7.80            6.39             -             -
Food Sales Non Program                   4,317.13        6,604.89        1,072.61      2,117.19
Food Sales Program                    282,515.61      253,645.02        11,073.30     29,584.85
Miscellaneous Revenue                                                    1,336.80
Total Revenue                     $ 492,016.56 $ 469,866.13 $ 351,767.71 $ 922,592.97

Expenditures
Wages,Fica,Medicare,Retirement         239,703.41       243,393.49      245,654.92   249,968.53
Employee Insurances                     45,490.27        49,790.02       56,359.95    63,362.74
Food Program                           131,827.43       127,238.97       88,340.68   232,122.19
Food Non Program                        20,690.38        18,267.65        1,746.89    11,670.65
Other Costs                             27,049.03        23,063.81       22,983.80    37,581.15
Repairs/Maint                            8,436.33         5,662.18        3,889.51     9,022.26
Equipment                                                      -         15,500.00          -
Total Expenditures                $   473,196.85 $      467,416.12 $    434,475.75 $ 603,727.52

Net Gain (Loss)                   $     18,819.71 $       2,450.01 $    (82,708.04) $ 318,865.45
BOE Funding                                                         $          -    $        -
Fund Balance, Beginning           $    (21,604.52) $    (20,512.10) $    25,864.19 $ (24,969.06)
Fund Balance, Ending              $     (2,784.81) $    (18,062.09) $   (56,843.85) $ 293,896.39