Paris Union
x   Original Budget                                      Date: September 10, 2007
  Amended Budget (MM/DD/YY)
[See page 31 for references]
    (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] 2,496,572 748,377 59,211 324,199 51,567 1,469 0 30,193 603,369
RECEIPTS/REVENUES                    
  2. LOCAL SOURCES 1000 3,801,783 755,100 728,289 163,300 279,000 0 38,850 38,950 13,000
  3. FLOW-THROUGH RECEIPTS/REVENUES FROM ONE LEA TO ANOTHER LEA 2000 0 0   0 0        
  4. STATE SOURCES 3000 5,062,418 840,000 0 222,010 0 0 0 0 0
  5. FEDERAL SOURCES 4000 1,207,385 0 0 0 0 0 0 0 0
  6. Total Direct Receipts/Revenues 10,071,586 1,595,100 728,289 385,310 279,000 0 38,850 38,950 13,000
  7. Receipts/Revenues for "On Behalf of" Payments 2[2] 3998                  
  8. Total Receipts/Revenues 10,071,586 1,595,100 728,289 385,310 279,000 0 38,850 38,950 13,000
DISBURSEMENTS/EXPENDITURES                    
  9. INSTRUCTION 1000 7,524,132       143,265        
  10. SUPPORT SERVICES 2000 2,350,755 1,411,770   307,815 125,191 0     149,000
  11. COMMUNITY SERVICES 3000 86,010 0   0 28        
  12. NONPROGRAMMED CHARGES 4000 15,000 0 0 0 0 0     0
  13. DEBT SERVICES 5000 0 0 716,425 0 0     0 0
  14. PROVISION FOR CONTINGENCIES 6000 0 0 0 0 0 0     0
  15. Total Direct Disbursements/Expenditures 9,975,897 1,411,770 716,425 307,815 268,484 0   0 149,000
  16. Disbursements/Expenditures for "On Behalf of"                                         Payments 2[3] 4180 0 0 0 0 0 0   0 0
  17. Total Disbursements/Expenditures   9,975,897 1,411,770 716,425 307,815 268,484 0   0 149,000
  18. Excess of Direct Receipts/Revenues Over (Under) Direct Disbursements/Expenditures 95,689 183,330 11,864 77,495 10,516 0 38,850 38,950 (136,000)
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 Improvement 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 Lines 19-32)    0 0 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             0    
  35. Permanent Transfer of Working Cash Fund - Interest      (Section 20-5) 8120             0    
  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 Improvement Fund (Section 10-22.14) 8150           0      
  39. Perm. Transfer of Excess Accumulated Fire Prev. & Safety Tax Proceeds & Int. Earnings (Sec. 17-2.11) 8160                 0
  40. Perm. Transfer of Excess Accumulated Fire Prev. & Safety Bond Proceeds and Int. Earnings  (Sec. 10-22.14) 8170                 0
  41. Permanent Transfer of Working Cash Fund-Abatement      (Sec. 20-9) 8180             0    
  42. Other Uses (Describe & Itemize) 8190                  
  43. Total Other Financing Uses (Total Lines 34-42) 0 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 0
  45. ESTIMATED FUND BALANCE June 30, 2008                            (Total Lines 1, 18 & 44)   2,592,261 931,707 71,075 401,694 62,083 1,469 38,850 69,143 467,369
[1]
A Each fund balance should correspond to the fund balance reflected on the books as of June 30th - Balance Sheet Accounts #703 (audit figures, if available).
[2]
2 GASB Statement No 24:  Accounting and Financial Reporting for Certain Grants and Other Financial Assistance.   The "On-Behalf Of" Payments should only be reflected on this page (Part III-Budget Summary.  Line 7 and 16).
[3]
2 GASB Statement No 24:  Accounting and Financial Reporting for Certain Grants and Other Financial Assistance.   The "On-Behalf Of" Payments should only be reflected on this page (Part III-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. 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)
.
[6]
4 Principal on Bonds Sold: 
(1)  Funding Bonds or Tort Immunity Bonds can be entered in the Ed., O & M or Transp. Funds only.
(2)  Refunding Bonds can be entered in the B & I Fund only.
(3)  Building Bonds can be entered in the S & Const. Fund only.
(4)  Fire Prevention and Safety can be entered in the Fire Prevention & Safety 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 Sections 2-3.12 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.