Colchester, Connecticut

P&L for Budget Committee Feb 2021

BOE Budget Committee Meeting 9:00AM

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budget FY 2020-21 BoardDocs (BOE meetings) 2021-04-01

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Colchester Public Schools
                Cafeteria Financials
                                                                                                                                   Unaudited
                                         Audited        Audited     Audited    Audited      Audited      Audited                     Feb-21
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                 251,030.40
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                     803.58
Food Sales Program                        421,187.13   375,726.34  369,109.60  375,612.62   368,792.88    254,370.60                    9,908.15
Miscellaneous Revenue                                                                                                                   1,336.80
Total Revenue                         $   702,874.85 $ 638,145.68 $ 631,378.63 $ 628,963.91 $ 658,627.51 $          515,183.75   $ 263,078.93

Expenditures
Wages,Fica,Medicare,Retirement        $   345,305.42    355,125.97     361,466.58   355,121.22   338,094.57         354,132.06       210,125.95
Employee Insurances                        97,649.10     70,518.60      72,049.90    70,668.25    64,986.10          71,128.60        48,308.53
Food Program                              203,921.76    193,464.77     162,873.31   144,873.85   178,223.87         134,296.74        65,573.51
Food Non Program                                                        24,816.31    26,683.83    26,719.28          18,280.03         1,343.87
Other Costs                                26,100.94    30,098.86       29,513.32    42,860.70    35,197.04          24,568.11        20,205.23
Repairs/Maint                               3,355.51    19,564.74       15,553.08    11,614.25    12,394.23           5,662.18         3,889.51
Equipment                                        -       3,204.74             -          23.97     1,920.00                -          15,500.00
Total Expenditures                    $   676,332.73 $ 671,977.68    $ 666,272.50 $ 651,846.07 $ 657,535.09 $       608,067.72 $     364,946.60

Net Gain (Loss)                       $    26,542.12 $ (33,832.00) $ (34,893.87) $ (22,882.16) $  1,092.42 $        (92,883.97) $   (101,867.67)
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) $     25,864.19
Fund Balance, Ending                  $    70,003.51 $ 36,171.51 $ 1,277.64 $ (21,604.52) $ (20,512.10) $            25,864.19 $     (76,003.48)



*Free/Reduced Federal reimbursement for January 2021/February 2021 submitted for reimbursement, not yet received.