Colchester, Connecticut

Comparison Financials thru January

Board of Education Meeting 6:00PM

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budget FY 2021-22 BoardDocs (BOE meetings) 2022-03-08

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Colchester Public Schools
                                      Cafeteria Financials
                                 Comparison Financials thru January

                                       Jan-19          Jan-20          Jan-21         Jan-22
Revenues                             FY 2018-19      FY 2019-20      FY 2020-21     FY 2021-22
State                              $     23,087.00 $     22,606.00 $           -   $ 23,262.76
Federal                                127,383.34      112,700.80      204,079.51    585,568.89
Interest                                      6.95            5.62             -             -
Food Sales Non Program                    3,177.61        4,823.91          756.48      1,259.11
Food Sales Program                     208,294.49      198,695.72         9,481.50     19,896.60
Miscellaneous Revenue                                                     1,336.80
Total Revenue                      $ 361,949.39 $ 338,832.05 $ 215,654.29 $ 629,987.36

Expenditures
Wages,Fica,Medicare,Retirement         162,357.13        176,291.13      176,111.19   183,763.08
Employee Insurances                     32,493.05         35,564.30       40,257.11    45,259.10
Food Program                           113,082.97         95,271.65       49,321.27   165,469.50
Food Non Program                        15,259.68         13,539.14        1,046.11     8,231.01
Other Costs                             23,660.49         17,675.82       13,698.39    30,837.01
Repairs/Maint                            6,252.15          4,850.21        3,582.51     7,448.85
Equipment                                                       -         13,500.00          -
Total Expenditures                 $   353,105.47 $      343,192.25 $    297,516.58 $ 441,008.55

Net Gain (Loss)                    $      8,843.92 $      (4,360.20) $   (81,862.29) $ 188,978.81
BOE Funding                                                          $          -    $        -
Fund Balance, Beginning            $    (21,604.52) $    (20,512.10) $    15,500.00 $ (24,969.06)
Fund Balance, Ending               $    (12,760.60) $    (24,872.30) $   (66,362.29) $ 164,009.75