RAMAPO CENTRAL SCHOOL DISTRICT HILLBURN, NEW YORK TREASURER'S MONTHLY REPORT 01/01/2015-01/31/2015

Received by the Board of Education and entered as part of the minutes of the Board of Education meeting held on April 14, 2015

______________________________________________ Clerk of the Board of Education

This is to certify that the stated Cash Balance is in agreement with the Bank Statement, as reconciled.

______________________________________________ Treasurer of the School District

RAMAPO CENTRAL SCHOOL DISTRICT HILLBURN, NEW YORK TREASURER'S MONTHLY REPORT 01/01/2015-01/31/2015 TOTAL AVAILABLE CASH

1/1/2015

65,880,039.99

CASH RECEIVED:

STAR State Aid NYS Energy Field Trips Health Insurance Admissions Other compensation for loss Workmen's Compensation Rent BOCES Arts in Education Interest Miscellaneous

13,278,597.99 206,230.71 180,688.41 40,140.00 21,163.25 18,180.00 13,892.06 10,737.12 6,724.25 4,023.40 3,473.58 1,353.42

TOTAL RECEIPTS

13,785,204.19

DISBURSEMENTS MADE DURING THE MONTH:

Warrants Transfer to payroll account Transfer to trust and agency fund Transfer to special aid fund Transfer to capital fund

5,419,389.37 2,864,666.72 3,111,196.37 0.00 0.00

TOTAL DISBURSEMENTS

TOTAL AVAILABLE CASH AVAILABLE CASH CONSISTS OF: M&T Bank - money market Chase - money market Chase - tax account C.L.A.S.S. Key Bank - money market Key Bank Chase -money market -checking TOTAL AVAILABLE CASH Balance per bank Add: Deposits in transit Less: Outstanding checks

11,395,252.46

1/31/2015

124,269.17 37,206,527.37 8,259.18 3,933,284.59 8,363,783.47 5,851,027.08 7,246.41 12,775,594.45 1/31/2015

68,269,991.72

13,075,727.44 0.00 300,132.99

Available Cash - checking -other accounts TOTAL AVAILABLE CASH

68,269,991.72

12,775,594.45 55,494,397.27 1/31/2015

68,269,991.72

TRUST AND AGENCY FUND BALANCE:

1/1/2015

14,316.41

Receipts: Transfer from the general fund Interest Disbursements: Warrants

3,111,196.37 18.36

3,111,214.73

3,113,696.81 3,113,696.81

AVAILABLE CASH:

1/31/2015

11,834.33

AVAILABLE CASH CONSISTS OF: Balance-JP Morgan Chase checking Less: Outstanding checks/Omni transfer BALANCE:

99,503.28 87,668.95 1/31/2015

11,834.33

SPECIAL AID BALANCE:

1/1/2015

1,634,929.72

Receipts: Transfer from the general fund Mature CDs Interest received

0.00 0.00 37.40 37.40

Disbursements: Warrants

72,668.94 72,668.94

AVAILABLE CASH:

1/31/2015

1,562,298.18

AVAILABLE CASH CONSISTS OF: Balance-M&T Bank checking Less: Outstanding checks BALANCE:

1,572,594.26 10,296.08 1/31/2015

1,562,298.18

SCHOOL LUNCH FUND BALANCE:

1/1/2015

531,474.84

Receipts: Government Aid Interest Sales

129,123.00 25.84 55,054.71 184,203.55

Disbursements: Warrants

71,580.21 71,580.21

AVAILABLE CASH:

1/31/2015

644,098.18

AVAILABLE CASH CONSISTS OF:

Balance per Bank Add: Deposits in Transit Less: Outstanding checks

644,098.18 0.00 0.00

Available Cash - checking

644,098.18

TOTAL AVAILABLE CASH

644,098.18

PAYROLL ACCOUNT BALANCE:

1/1/2015

304,689.48

Receipts: Transfer from the general fund Interest

2,864,666.72 32.35 2,864,699.07

Disbursements: Warrants

2,864,666.72 2,864,666.72

AVAILABLE CASH:

1/31/2015

AVAILABLE CASH CONSISTS OF: Balance- checking Less: Outstanding checks BALANCE:

304,721.83

384,318.59 79,596.76 1/31/2015

304,721.83

CAPITAL FUND BALANCE:

1/1/2015

1,124,454.81

Receipts: Transfer from the general fund Transfer from CLASS Transfer from Bond Transfer from Capital Reserve Interest received

0.00 0.00 0.00 0.00 50.17 50.17

Disbursements: Transfer to Reserve for Debt Warrants

0.00 47,357.14 47,357.14

AVAILABLE CASH:

1/31/2015

1,077,147.84

AVAILABLE CASH CONSISTS OF: C.L.A.S.S. Balance-JP Morgan Chase checking Less: Deposit in transit Less: Outstanding checks BALANCE:

0.00 1,077,147.84 0.00 0.00 1/31/2015

1,077,147.84

RAMAPO CENTRAL SCHOOL DISTRICT MONTHLY FINANCIAL REPORT January, 2015

BUDGET 2014-15

2013-14 Encumbrance

2014-15 Transfers

Year To Date Expenditures

Encumbrances 2014-15

Balance

1. BOARD OF EDUCATION (Dues, Travel Supplies, Commencement, Consultants)

119,830.00

44,546.72

0.00

56,480.94

27,195.53

80,700.25

2. CENTRAL ADMINISTRATION (Chief School Admin. Salaries, Equipment, Travel, Supplies)

367,160.00

484.03

0.00

219,755.67

134,909.62

12,978.74

1,068,630.00

143,422.85

0.00

623,176.43

495,214.77

93,661.65

846,410.00

490,800.82

0.00

513,336.99

750,938.91

72,934.92

5. CENTRAL SERVICES (Operation/Maintenance)

7,694,534.00

2,970,059.75

25,000.00

5,219,110.67

4,424,532.53

1,045,950.55

6. SPECIAL ITEMS (Insurance, Tax Refunds, BOCES)

1,585,236.00

943,222.54

0.00

1,067,870.32

1,126,525.63

334,062.59

7. INSTRUCTION-ADMINISTRATION/IMPROVEMENT (Curriculum, Supervision, Principals, and Secretaries)

5,439,717.00

50,251.62

8,947.17

2,941,585.31

2,216,151.71

341,178.77

58,522,419.00

2,677,196.33

-3,462.49

24,986,346.77

30,281,947.93

5,927,858.14

799,664.00

73,431.98

-487.94

415,766.71

311,557.66

145,283.67

10. PUPIL SERVICES (Guidance, Health, Psychological)

4,737,101.00

469,210.49

1,000.00

2,153,064.12

2,251,003.85

803,243.52

11. TRANSPORTATION

7,499,003.00

161,823.42

3,500.00

3,220,597.35

3,659,362.55

784,366.52

34,559,191.00

85,538.70

-9,496.74

17,513,674.01

16,485,611.17

635,947.78

6,993,432.00

0.00

0.00

5,871,853.52 .

384,278.52

737,299.96

140,000.00

0.00

0.00

0.00

0.00

140,000.00

130,372,327.00

8,109,989.25

25,000.00

64,802,618.81

62,549,230.38

11,155,467.06

3. FINANCE (Business Administrator, Auditing, Treasurer)

4. STAFF (Legal Services, Personnel Office, Public Information Office)

8. TEACHING (Teachers' Salaries, Supplies, Equipment, Textbooks, Summer School)

9. INSTRUCTIONAL MEDIA (Libraries, a/v)

12. EMPLOYEE BENEFITS (Retirement, Social Security, Insurances)

13. DEBT SERVICE (Pay Principal & Interest Bonds)

14. TRANSFER TO OTHER FUNDS

TOTAL BUDGET

RAMAPO CENTRAL SCHOOL DISTRICT MONTHLY FINANCIAL REPORT January, 2015

BUDGET 2014-15

1. FUND BALANCE

2. REVENUES - OTHER DISTRICTS (Health Services and Non-resident tuition)

3. REVENUES - LOCAL SOURCES (Rentals, admissions, interest on deposits and investments, sale of property) 4. REVENUES - STATE SOURCES (Gross State Aid, textbooks, BOCES) 5. REAL PROPERTY TAXES 6. INTERFUND REVENUE

8. TOTAL BUDGET

RECEIVED YEAR TO DATE

BALANCE TO BE RECEIVED

3,100,000

3,100,000

0

450,000

426,223

23,777

2,809,555

3,326,643

-517,088

17,970,301

11,661,741

6,308,560

105,262,181

105,255,579

6,602

780,290

0

780,290

130,372,327

123,770,186

6,602,141

RAMAPO CENTRAL SCHOOL DISTRICT SCHEDULE OF RESERVES January, 2015

Tax Certiorari

Insurance

Unemployment

Capital

Balance July 1, 2014 Unrestricted Restricted 2011-12 Restricted 2012-13 Restricted 2013-14 Restricted

ADD: State Aid Increase Reserve Interest on Investments LESS: Transfer to Capital Fund Transfer to Unemployment Transfer to Tax Cert Reserve Transfer to the General Fund Expenditures January 31, 2015

3,173,075.86 2,434,668.67 3,584,732.54 4,163,840.22 0.00

0.00 5,072.59

707,036.46

354,786.32

1,704,732.30

450.88

0.00 297.73

0.00 0.00 125.86

0.00 0.00

0.00 0.00

0.00

0.00

0.00

707,487.34

355,084.05

1,704,858.16

0.00 0.00 0.00 (124,568.13) 0.00 13,236,821.75

RAMAPO CENTRAL SCHOOL DISTRICT SCHEDULE OF INVESTMENTS July 1, 2014 - April 14, 2015

Investments

Amount

Date Invested

Date of Maturity

# of Days

Rate of Interest

Projected Interest at Maturity

C.L.A.S.S. Investments

3,933,285

2/1/2015

4/14/2015

73

0.002

15.95

Keybank Money Market

14,214,811

2/1/2015

4/14/2015

73

0.03

864.73

Chase Money Market

37,214,787

2/1/2015

4/14/2015

73

0.09

6,791.70

124,269

2/1/2015

4/14/2015

73

0.08

20.16

M&T Money Market

Total Projected Interest Total Actual Interest

7,672.38 26,898.26

Total Actual & Projected General Fund Interest

34,570.64

2014-15 Interest Budgeted

50,000