SEATTLE SCHOOL DISTRICT NO.1

COMBINED STATEMENT OF REVENUES, EXPENDITURES & CHANGES IN FUND BALANCE

BUDGET AND ACTUAL - ALL GOVERNMENTAL FUND TYPES

FOR THE YEAR ENDED AUGUST 31, 1998

GENERAL FUND

SPECIAL REVENUE FUND

DEBT SERVICE FUND

CAPITAL PROJECTS FUND

TOTALS (MEMORANDUM ONLY)

VARIANCE

VARIANCE

VARIANCE

VARIANCE

VARIANCE

FAVORABLE

FAVORABLE

FAVORABLE

FAVORABLE

FAVORABLE

REVENUES:

BUDGET

ACTUAL

(UNFAVORABLE)

BUDGET

ACTUAL

(UNFAVORABLE)

BUDGET

ACTUAL

(UNFAVORABLE)

BUDGET

ACTUAL

(UNFAVORABLE)

BUDGET

ACTUAL

UNFAVORABLE

Local Taxes

$ 73,191,524

$ 74,553,153

$ 1,361,629

$ -

$ -

$ -

$ -

$ 197

$ 197

$ 54,461,000

$ 55,138,086

$ 677,086

$ 127,652,524

$ 129,691,436

$ 2,038,912

Local Non-Tax

7,962,409

10,993,400

3,030,991

3,400

3,582

182

40,000

776

(39,224)

5,489,000

5,206,399

(282,601)

13,494,809

16,204,157

2,709,348

State Funds

216,459,369

215,006,802

(1,452,567)

-

-

-

-

-

-

2,544,000

-

(2,544,000)

219,003,369

215,006,802

(3,996,567)

Federal Funds

36,612,646

30,847,964

(5,764,682)

-

-

-

-

-

-

-

-

-

36,612,646

30,847,964

(5,764,682)

Payments from Other Districts

-

62,053

62,053

-

-

-

-

-

-

-

-

-

-

62,053

62,053

Payments from Other Agencies

9,296,365

9,272,174

(24,191)

-

-

-

-

-

-

-

-

-

9,296,365

9,272,174

(24,191)

Student Activities

-

-

-

2,925,808

3,551,365

625,557

-

-

-

-

-

-

2,925,808

3,551,365

625,557

TOTAL REVENUE

343,522,313

340,735,546

(2,786,767)

2,929,208

3,554,947

625,739

40,000

973

(39,027)

62,494,000

60,344,485

(2,149,515)

408,985,521

404,635,951

(4,349,570)

EXPENDITURES:

Current:

Basic Education

127,665,757

123,463,332

4,202,425

-

-

-

-

-

-

-

-

-

127,665,757

123,463,332

4,202,425

Handicapped

31,970,592

28,627,175

3,343,417

-

-

-

-

-

-

-

-

-

31,970,592

28,627,175

3,343,417

Vocational Education

6,513,006

6,706,697

(193,691)

-

-

-

-

-

-

-

-

-

6,513,006

6,706,697

(193,691)

Compensatory Education

33,877,867

31,452,313

2,425,554

-

-

-

-

-

-

-

-

-

33,877,867

31,452,313

2,425,554

Other Instructional Programs

21,404,110

15,734,810

5,669,300

-

-

-

-

-

-

-

-

-

21,404,110

15,734,810

5,669,300

Community Services

1,676,851

2,461,117

(784,266)

-

-

-

-

-

-

-

-

-

1,676,851

2,461,117

(784,266)

General Support Services

118,285,469

122,386,596

(4,101,127)

-

-

-

-

-

-

254,000

53,811

200,189

118,539,469

122,440,407

(3,900,938)

Student Activities

-

-

-

3,895,228

3,107,770

787,458

-

-

-

-

-

-

3,895,228

3,107,770

787,458

Debt Services:

-

Interest

-

-

-

-

-

-

181,250

-

181,250

-

-

-

181,250

-

181,250

Capital Outlay:

-

Equipment

3,969,661

3,706,172

263,489

62,080

-

62,080

-

-

-

710,000

1,177,577

(467,577)

4,741,741

4,883,749

(142,008)

Sites

-

-

-

-

-

-

-

-

-

8,000,000

2,018,562

5,981,438

8,000,000

2,018,562

5,981,438

Buildings

-

-

-

-

-

-

-

-

-

93,325,000

70,259,491

23,065,509

93,325,000

70,259,491

23,065,509

TOTAL EXPENDITURES

345,363,313

334,538,212

10,825,101

3,957,308

3,107,770

849,538

181,250

-

181,250

102,289,000

73,509,441

28,779,559

451,790,871

411,155,423

40,635,448

Excess of Revenues Over (Under) Expenditures

(1,841,000)

6,197,334

8,038,334

(1,028,100)

447,177

1,475,277

(141,250)

973

142,223

(39,795,000)

(13,164,956)

26,630,044

(42,805,350)

(6,519,472)

36,285,878

Other Financing Sources (Uses):

Sale of Equipment:

-

67,792

67,792

-

-

-

-

-

-

-

-

-

-

249,042

67,792

Operating Transfers-In

-

-

-

-

-

-

674,000

550,000

(124,000)

4,000,000

2,174,508

(1,825,492)

4,674,000

2,724,508

(1,949,492)

Operating Transfers-Out

-

(2,724,508)

(2,724,508)

-

-

-

-

-

-

-

-

-

-

(2,724,508)

(2,724,508)

Long-Term Financing

2,675,000

10,000,000

7,325,000

-

-

-

-

-

-

-

-

-

2,675,000

10,000,000

7,325,000

Total Other Financing Sources (Uses)

2,675,000

7,343,284

4,668,284

-

-

-

674,000

550,000

(124,000)

4,000,000

2,174,508

(1,825,492)

7,349,000

10,067,792

2,718,792

Excess of Revenues Over (Under) Expenditures

and Other Sources

$ 834,000

13,540,618

$ 12,706,618

$ (1,028,100)

447,177

$ 1,475,277

$ 532,750

550,973

$ 18,223

$ (35,795,000)

(10,990,448)

$ 24,804,552

$ (35,456,350)

$ 3,548,320

$ 39,004,670

FUND BALANCES AT BEGINNING OF YEAR

8,461,033

1,748,745

12,655

72,115,645

82,338,078

FUND BALANCES AT END OF YEAR

$ 22,001,651

$ 2,195,922

$ 563,628

$ 61,125,197

$ 85,886,398

The accompanying notes are an integral part of the financial statements.