Revenues:

State Sources:

State Grants and Others

Local Sources:

$

1,070,983

$

2,192,076

$

2,192,075

$

(1)

Local Sales Tax

30,600,000

30,600,000

36,736,646

6,136,646

Impact Fees

31,844,595

43,380,077

46,506,591

3,126,514

Other Local

3,506,447

3,706,447

4,521,023

814,576

Investment Earnings

1,818,000

1,818,000

431,321

(1,386,679)

Total Revenues

68,840,025

81,696,600

90,387,656

8,691,056

Expenditures:

Current-Education: Facilities Services

45,062

1,418,958

3,791,558

(2,372,600)

Capital Outlay:

Facilities Acquisition and Construction

156,261,236

211,572,863

124,064,963

87,507,900

Total Expenditures

156,306,298

212,991,821

127,856,521

85,135,300

Excess (Deficiency) of Revenues

Over Expenditures

(87,466,273)

(131,295,221)

(37,468,865)

93,826,356

Other Financing Sources (Uses):

Capital Leases

7,122,506

8,850,022

8,790,312

(59,710)

Sale of Capital Assets

-

278,330

278,330

-

Transfers In

6,000,000

21,232,187

15,232,186

6,000,001

Transfers Out

(34,458,914)

(66,974,362)

(60,308,260)

(6,666,102)

Total Other Financing Sources (Uses)

(21,336,408)

(36,613,823)

(36,007,432)

(725,811)

Net Change in Fund Balance

(108,802,681)

(167,909,044)

(73,476,297)

93,100,545

Fund Balances, Beginning

230,528,273

230,528,273

230,528,273

-

Fund Balances, Ending

$ 121,725,592

$ 62,619,229

$ 157,051,976

$ 93,100,545