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    La Salle Charter School: Statement of Assets, Liabilities and Net Assets - Modified Cash Basis

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    F. O.
    The document summarizes the financial position of La Salle Charter School as of September 30, 2020 and September 30, 2021. As of September 30, 2021, the school had $615,642 in cash and no other assets, with net assets of $615,642. For the 2021-22 school year through September 30, 2021, the school had revenues of $619,245 which was 24% of its annual budget, and expenditures of $640,223 which was also 24% of its annual budget, leaving a shortfall of $20,978 compared to a budgeted shortfall of $29,360.

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    La Salle Charter School: Statement of Assets, Liabilities and Net Assets - Modified Cash Basis

    Uploaded by

    F. O.
    45 views5 pages
    The document summarizes the financial position of La Salle Charter School as of September 30, 2020 and September 30, 2021. As of September 30, 2021, the school had $615,642 in cash and no other assets, with net assets of $615,642. For the 2021-22 school year through September 30, 2021, the school had revenues of $619,245 which was 24% of its annual budget, and expenditures of $640,223 which was also 24% of its annual budget, leaving a shortfall of $20,978 compared to a budgeted shortfall of $29,360.

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    Sept-2021

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    The document summarizes the financial position of La Salle Charter School as of September 30, 2020 and September 30, 2021. As of September 30, 2021, the school had $615,642 in cash and no other assets, with net assets of $615,642. For the 2021-22 school year through September 30, 2021, the school had revenues of $619,245 which was 24% of its annual budget, and expenditures of $640,223 which was also 24% of its annual budget, leaving a shortfall of $20,978 compared to a budgeted shortfall of $29,360.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    45 views5 pages

    La Salle Charter School: Statement of Assets, Liabilities and Net Assets - Modified Cash Basis

    Uploaded by

    F. O.
    The document summarizes the financial position of La Salle Charter School as of September 30, 2020 and September 30, 2021. As of September 30, 2021, the school had $615,642 in cash and no other assets, with net assets of $615,642. For the 2021-22 school year through September 30, 2021, the school had revenues of $619,245 which was 24% of its annual budget, and expenditures of $640,223 which was also 24% of its annual budget, leaving a shortfall of $20,978 compared to a budgeted shortfall of $29,360.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 5

    La Salle Charter School

    Statement of Assets, Liabilities and Net Assets - Modified Cash Basis

    as of September 30, 2020 as of September 30, 2021


    Assets

    Cash - PNC Bank $ 427,155 $ 615,642

    Total Assets 427,155 615,642

    Net Assets 427,155 615,642

    Total Net Assets 427,155 615,642


    La Salle Charter School

    2021-22 Revenue & Expenses Compared to Annual Budget

    Approved
    Actual as of Actual as of Budget % of
    09.30.20 09.30.21 07.01.21 Variance Budget
    Revenues
    5100 Local $ 40,456 $ 61,578 $ 307,756 $ (246,178) 20%
    5300 State 306,490 315,876 1,377,880 (1,062,004) 23%
    5400 Federal 8,645 241,791 929,375 (687,584) 26%

    5899 GRAND TOTAL REVENUES 355,591 619,245 2,615,011 (1,995,766) 24%

    Expenditures
    1111 Classroom Instruction 161,638 229,289 845,479 616,190 27%
    1221 Special Programs 36,446 23,580 161,838 138,258 15%
    1251 Culturally Different 40,176 29,512 139,802 110,290 21%
    1411 Student Activity-Extracurricular 134 3,097 10,000 6,903 31%
    1999 TOTAL INSTRUCTION 238,394 285,478 1,157,119 871,641 25%

    2111 Support Services-Pupils 78,159 124,213 497,081 372,868 25%


    2213 Professional Development 3,456 7,724 22,000 14,276 35%
    2331 Technology Services - - 16,000 16,000 0%
    2411 Building Principal Services 97,674 97,323 413,344 316,021 24%
    2511 Business Support Services 24,111 76,901 238,827 161,926 32%
    2541 Operation of Plant Services 25,248 41,996 200,000 158,004 21%
    2562 Food Services 8,652 6,588 100,000 93,412 7%
    2998 TOTAL SUPPORT SERVICES 237,300 354,745 1,487,252 1,132,507 24%

    9999 GRAND TOTAL EXPENDITURES 475,694 640,223 2,644,371 2,004,148 24%

    Total Revenue Over/(Under) Total Expenses (120,103) (20,978) (29,360)

    Beginning Cash Balance, July 1 547,258 636,620 636,620

    Ending Cash Balance, August 31 $ 427,155 $ 615,642 $ 607,260


    La Salle Charter School

    2021-22 Revenue Compared to Annual Budget

    Approved
    Actual as of Actual as of Budget % of
    Revenue 09.30.20 09.30.21 07.01.21 Variance Budget

    5100 Local Revenue


    5113 Prop C $ 35,883 $ 49,161 $ 142,256 $ (93,095) 35%
    5171 Student Activities/Uniforms 1,353 5,995 15,000 (9,005) 40%
    5194 Donations - - 150,000 (150,000) 0%
    5198 Other 3,220 6,422 500 5,922 1284%
    5100 Total Local Revenue 40,456 61,578 307,756 (246,178) 20%

    5300 State Revenue


    5311-19 Basic Formula/CTF 306,490 315,876 1,377,880 (1,062,004) 23%
    5333 Food Service-State - - - - NA
    5397 Other State Revenue - - - - NA
    5300 State Revenue 306,490 315,876 1,377,880 (1,062,004) 23%

    5400 Federal Revenue


    5412 Medicaid 6,746 8,722 20,000 (11,278) 44%
    5423 CARES ESSER II - 75,727 - 75,727 NA
    5424 CARES Funds Act - 19,745 515,000 (495,255) 4%
    5425 CARES Student Connectivity - 9,000 - 9,000 NA
    5428 CARES K-12 Support - - - - 0%
    5441 Special Ed Part B - - 46,185 (46,185) 0%
    5445 Lunch Program - 3,434 62,000 (58,566) 6%
    5446 Breakfast Program - 1,035 22,000 (20,965) 5%
    5448 Snack Programm - 1,023 10,000 (8,977) 10%
    5451-66 Consolidated Federal Funds - 123,105 254,190 (131,085) 48%
    5473 CARES Lunch Program 1,194 - - - 0%
    5474 CARES Breakfast Program 618 - - - 0%
    5475 CARES Snacks 87 - - - 0%
    5400 Federal Revenue 8,645 241,791 929,375 (687,584) 26%

    5899 GRAND TOTAL REVENUES 355,591 619,245 2,615,011 (1,995,766) 24%


    La Salle Charter School

    2021-22 Expenses Compared to Annual Budget

    Approved
    Actual as of Actual as of Budget % of
    Expenditures by Function 09.30.20 09.30.21 07.01.21 Variance Budget

    1131 Classroom Instruction


    6100 Salaries $ 96,919 $ 113,866 $ 518,612 $ 404,746 22%
    6200 Benefits 34,778 78,521 196,867 118,346 40%
    6300 Purchased Services 10,204 12,898 100,000 87,102 13%
    6400 Supplies & Materials 19,737 24,004 30,000 5,996 80%
    6500 Equipment - - - - 0%
    Total Classroom Instruction 161,638 229,289 845,479 616,190 27%

    1221 Special Programs


    6100 Salaries 23,617 12,826 52,503 39,677 24%
    6200 Benefits 8,781 4,178 19,335 15,157 22%
    6300 Purchased Services 4,048 6,576 90,000 83,424 7%
    6400 Supplies & Materials - - - - 0%
    6500 Equipment - - - - 0%
    Total Special Programs 36,446 23,580 161,838 138,258 15%

    1251 Culturally Different


    6100 Salaries 29,895 21,791 101,842 80,051 21%
    6200 Benefits 10,281 7,721 37,960 30,239 20%
    6300 Purchased Services - - - - 0%
    6400 Supplies & Materials - - - - 0%
    6500 Equipment - - - - 0%
    Total Culturally Different 40,176 29,512 139,802 110,290 21%

    1411 Student Activity-Extracurricular


    6100 Salaries - - - - 0%
    6200 Benefits - - - - 0%
    6300 Purchased Services - 2,011 2,500 489 80%
    6400 Supplies & Materials 134 1,086 7,500 6,414 14%
    6500 Equipment - - - - 0%
    Total Student Activity-Extracurricular 134 3,097 10,000 6,903 31%

    2111 Support Services-Pupils


    6100 Salaries 26,205 49,303 217,963 168,660 23%
    6200 Benefits 9,643 14,731 79,118 64,387 19%
    6300 Purchased Services 22,166 58,816 175,000 116,184 34%
    6400 Supplies & Materials 20,145 1,363 25,000 23,637 5%
    6500 Equipment - - - - 0%
    Total Support Services-Pupils 78,159 124,213 497,081 372,868 25%

    2213 Professional Development


    6100 Salaries - - - - 0%
    6200 Benefits - - - - 0%
    6300 Purchased Services 1,459 7,724 20,000 12,276 39%
    6400 Supplies & Materials 1,997 - 2,000 2,000 0%
    6500 Equipment - - - - 0%
    Total Professional Development 3,456 7,724 22,000 14,276 35%

    2331 Technology Services


    6100 Salaries - - - - 0%
    6200 Benefits - - - - 0%
    6300 Purchased Services - - - - 0%
    6400 Supplies & Materials - - 16,000 16,000 0%
    6500 Equipment - - - - 0%
    Total Technology Services - - 16,000 16,000 0%
    2411 Building Principal Services
    6100 Salaries 75,267 75,476 313,164 237,688 24%
    6200 Benefits 21,884 21,847 99,180 77,333 22%
    6300 Purchased Services 523 - 1,000 1,000 0%
    6400 Supplies & Materials - - - - 0%
    6500 Equipment - - - - 0%
    Total Building Principal Services 97,674 97,323 413,344 316,021 24%

    2511 Business Support Services


    6100 Salaries - 33,268 132,500 99,232 25%
    6200 Benefits - 10,038 44,827 34,789 22%
    6300 Purchased Services 24,111 33,595 60,000 26,405 56%
    6400 Supplies & Materials - - 1,500 1,500 0%
    6500 Equipment - - - - 0%
    Total Business Support Services 24,111 76,901 238,827 161,926 32%

    2541 Operation of Plant Services


    6100 Salaries - - - - 0%
    6200 Benefits - - - - 0%
    6300 Purchased Services 25,248 24,392 200,000 175,608 12%
    6400 Supplies & Materials - 17,604 - (17,604) NA
    6500 Equipment - - - - 0%
    Total Operation of Plant Services 25,248 41,996 200,000 158,004 21%

    2562 Food Services


    6100 Salaries - - - - 0%
    6200 Benefits - - - - 0%
    6300 Purchased Services 5,864 4,989 55,000 50,011 9%
    6400 Supplies & Materials 2,788 1,599 45,000 43,401 4%
    6500 Equipment - - - - 0%
    Total Food Services 8,652 6,588 100,000 93,412 7%

    9999 GRAND TOTAL EXPENDITURES $ 475,694 $ 640,223 $ 2,644,371 $ 2,004,148 24%

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