regular meeting of the board of trustees date - College of the Desert

Fiscal Year 2004-2005
District:(930)DESERT Quarter Ended: (Q1) September 30, 2004
Certified Date:06-Oct-04 07:40 AM
I. Historical and Current Perspectives of General Fund (Unrestricted and Restricted):
Annual As of June 30 for fiscal year (FY) specified.
FY01-02 FY02-03 FY03-04 FY04-05
General Fund Revenues (Objects 8100, 8600, and 8800) 34,102,135 33,975,873 34,892,013 38,015,864
Other Financing Sources (Objects 8900) 400,000 25,000 25,000 25,000
General Fund Expenditures (Objects 1000-6000) 34,139,860 33,661,275 32,990,080 38,384,850
Other Outgo (Objects 7100, 7300, 7400, 7500, and 7600) 890,846 257,281 -395,443 208,407
Reserve for contingency Unrestricted 0 0 0 0
Reserve for contingency Total 0 0 0 0
General Fund Ending Balance Unrestricted 1,857,157 2,045,965 3,482,761 0
General Fund Ending Balance Total 3,514,134 3,476,108 5,007,598 0
Prior-Year Adjustments 0 -120,343 0 0
Attendance FTES 6,394 6,944 7,209 7,209
Quarter For the same quarter to each fiscal year (FY) specified
FY01-02 FY02-03 FY03-04 FY04-05
General Fund Cash Balance (Excluding investments) 3,630,051 4,154,241 5,803,475 4,132,129
II. General Fund (Unrestricted and Restricted) Year-To-Date Revenues and Expenditures:
Total Budget
(Annual)
Actual
(Year-to-Date)
Percentage
%
General Fund Revenues (Objects 8100, 8600, and 8000) 38,015,864 7,039,634 18.52
Other Financing Source (Objects 8900) 25,000 0 0.00
General Fund Expenditures (Objects 1000-6000) 38,384,850 8,170,733 21.29
Other Outgo (Objects 7100, 7300, 7400, 7500, and 7600) 208,407 43,227 20.74
III. Has the district settled any employee contracts during this quarter? Yes No If yes, complete the following: (If multi-year settlement,
provide information for all years covered)
Salaries
Contract Period Settled Management Academic(Certificated) Classified
(Specify) Total Salary Cost-Increase %* Total Salary Cost-Increase %* Total Salary Cost-Increase %*
Year 1 2004-2005 0 0 0
Year 2 0 0 0
Year 3 0 0 0
* As specified in collective bargining agreement.
Benefits
Contract Period Settled Management Total Academic Total Classified Total
Year 1 0 0 0
Year 2 0 0 0
Year 3 0 0 0
Include a statement regarding the source of revenues to pay salary and benefit increases, e.g., from the district's reserves, from cost-of-living, etc.
IV. Did the district have significant events for the quarter(include incurrence of long-term debt, settlement of audit citings or legal suits, significant
differences in budgeted revenues or expenditures, borrowing of funds (TRANs), issuance of COPs, etc.) Yes No
If yes, list events and their financial ramifications.(Include additional pages of explanation if needed.)