Summary 10-General Maintenance & Operations Fund
This report is based on data that has not been certified and should not be used for official reporting. Actual 2015 Original Budget 2016 Final Budget 2016 Budget Change Original Budget 2017 Budget Change
REVENUE BY SOURCE
 1000 Total LOCAL $11,873,319 $12,231,669 $12,174,222 ($57,447) $12,431,669 $257,447
2000 Total STATE $24,545,974 $25,411,133 $226,112,442 $701,309 $27,433,4622 $1,321,020
3000 Total FEDERAL $4,099,951 $3,984,529 $4,826,5091 $841,980 $4,705,426 ($121,083)
TOTAL REVENUES $40,519,243 $41,627,331 $43,113,173 $1,485,842 $44,570,557 $1,457,384
EXPENDITURES BY OBJECT
 100 Salaries $22,203,815 $23,422,752 $23,820,158 $397,406 $24,726,358 $906,199
200 Employee Benefits $10,184,251 $11,733,480 $11,68,665 ($664,815) $11,333,598 $264,933
300 Purchased Professional and Technical Services $1,810,353 $1,690,968 $1,786,081 $95,113 $1,786,081 $0
400 Purchased property Services $377,565 $396,729 $361,480 ($35,249) $361,480 $0
500 Other Purchased Services $1,876,178 $1,640,848 $2,543,419 $902,571 $2,671,612 $128,193
600 Supplies $2,787,374 $2,361,668 $2,840,337 $478,669 $2,840,337 $0
700 Property $271,459 $283,876 $333,089 $49,2131 $333,089 $0
800 Other Objects $300,487 $50,710 $362,201 $311,491 $362,201 $0
TOTAL EXPENDITURES $39,811,481 $41,581,031 $43,115,431 $1,534,400 $44,414,756 $1,299,326
EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES $707,762 $46,300 ($2,258) ($48,558) $155,801 $158,058
OTHER FINANCING SOURCES (USES) AND OTHER ITEMS ($88,411) ($50,000) ($50,000) $0 ($50,000) $0
NET CHANGE IN FUND BALANCE $619,351 ($3,700) ($52,258) ($48,558) $105,801 $158,058
FUND BALANCE - BEGINNING (FROM PRIOR YEAR) $7,219,667 $7,839,018 $7,839,018 $0 $7,786,760 ($52,258)
FUND BALANCE - ENDING $7,839,018 $7,835,318 $7,786,760 ($48,558) $7,892,561 $105,801
Summary 21 - Student Services Fund
This report is based on data that has not been certified and should not be used for official reporting. Actual 2015 Original Budget 2016 Final Budget 2016 Budget Change Original Budget 2017 Budget Change
REVENUE BY SOURCE
 1000 Total LOCAL $1,085,394 $1,382,500 $1,432,500 $50,000 $1,452,500 $20,000
2000 Total STATE $0 $0 $0 $0 $02 $0
TOTAL REVENUES $1,085,394 $1,382,500 $1,432,500 $50,000 $1,452,500 $20,000
EXPENDITURES BY OBJECT
 300 Purchased Professional and Technical Services $11,626 $275,000 $285,000 $10,000 $285,000 $0
400 Purchased property Services $0 $10,000 $10,000 $0 $10,000 $0
500 Other Purchased Services $104,502 $19,000 $90,000 $71,000 $90,000 $0
600 Supplies $894,249 $1,136,000 $957,000 ($179,000) $977,000 $20,000
700 Property $3,405 $25,000 $25,000 $0 $25,000 $0
800 Other Objects $238,634 $155,700 $155,700 $0 $155,700 $0
TOTAL EXPENDITURES $1,252,416 $1,620,700 $1,522,700 ($98,000) $1,542,700 $20,000
EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES $($167,022) ($238,200) ($90,200) $148,000 ($90,200) $0
OTHER FINANCING SOURCES (USES) AND OTHER ITEMS $106,858 $50,000 $50,000 $0 $50,000 $0
NET CHANGE IN FUND BALANCE ($60,163) ($188,200) ($40,200) $148,000 ($40,200) $0
FUND BALANCE - BEGINNING (FROM PRIOR YEAR) $635,540 $575,376 $575,476 $0 $535,176 ($40,200)
FUND BALANCE - ENDING $575,376 $387,176 $535,176 $148,000 $$494,976 ($40,200)
Summary 26 - Tax Increment Financing Fund
This report is based on data that has not been certified and should not be used for official reporting. Actual 2015 Original Budget 2016 Final Budget 2016 Budget Change Original Budget 2017 Budget Change
REVENUE BY SOURCE 1000 Total LOCAL $1,949,659 $1,949,659 $2,214,442 $264,783 $2,323,382 $108,940
TOTAL REVENUES $1,949,659 $1,949,659 $2,214,442 $264,783 $2,323,382 $108,940
EXPENDITURES BY OBJECT 800 Other Objects $1,949,659 $1,949,659 $2,214,442 $264,783 $2,323,382 $108,940
TOTAL EXPENDITURES $1,949,659 $1,949,659 $2,214,442 $264,783 $2,323,382 $108,940
EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES $0 $0 $0 $0 $0 $0
OTHER FINANCING SOURCES (USES) AND OTHER ITEMS $0 $0 $0 $0 $0 $0
NET CHANGE IN FUND BALANCE $0 $0 $0 $0 $0 $0
FUND BALANCE - BEGINNING (FROM PRIOR YEAR) $0 $0 $0 $0 $0 $0
FUND BALANCE - ENDING $0 $0 $0 $0 $0 $0
Summary 31 - Debt Servcie Fund
This report is based on data that has not been certified and should not be used for official reporting. Actual 2015 Original Budget 2016 Final Budget 2016 Budget Change Original Budget 2017 Budget Change
REVENUE BY SOURCE 1000 Total LOCAL $2,273,755 $3,859,141 $4,145,000 $285,859 $3,915,000 ($230,000)
TOTAL REVENUES $2,273,755 $3,859,141 $4,145,000 $285,859 $3,915,000 ($230,000)
EXPENDITURES BY OBJECT 800 Other Objects $2,738,391 $3,783,686 $3,796,186 $12,500 $3,796,186 $0
TOTAL EXPENDITURES $2,738,391 $3,783,686 $3,796,186 $12,500 $3,796,186 $0
EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES ($464,636) $75,455 $348,814 $273,359 $118,814 ($230,000)
OTHER FINANCING SOURCES (USES) AND OTHER ITEMS $0 $0 $0 $0 $0 $0
NET CHANGE IN FUND BALANCE ($464,636) $75,455 $348,814 $273,359 $118,814 ($230,000)
FUND BALANCE - BEGINNING (FROM PRIOR YEAR) $1,103,760 $639,123 $639,123 $0 $987,937 $348,814
FUND BALANCE - ENDING $639,123 $714,578 $987,937 $273,359 $1,106,751 $118,814
Summary 32- Capital Fund
This report is based on data that has not been certified and should not be used for official reporting. Actual 2015 Original Budget 2016 Final Budget 2016 Budget Change Original Budget 2017 Budget Change
REVENUE BY SOURCE
 1000 Total LOCAL $4,626,460 $4,320,150 $5,167,150 $847,000 $5,437,150 $270,000
2000 Total STATE $2,210 $0 $3,367 $3,367 $3,367 $0
TOTAL REVENUES $4,628,670 $4,320,150 $5,170,517 $850,3672 $5,440,517 $270,000
EXPENDITURES BY OBJECT
 100 Salaries $10,503 $308,590 $0 ($308,590) $0 $0
200 Employee Benefits $0 $165,817 $0 ($165,817) $0 $0
300 Purchased Professional and Technical Services $1,870,225 $2,000,000 $526,956 ($1,473,044) $526,956 $0
400 Purchased property Services $5,251,555 $16,185,200 $19,295,085 $3,109,885 $19,295,085 $0
500 Other Purchased Services $0 $105,000 $2,000 ($103,000) $0 ($2,000)
700 Property $941,758 $1,436,160 $1,012,064 ($424,096) $1,012,064 $0
800 Other Objects $810,778 $474,500 $415,700 ($58,800) $415,700 $0
TOTAL EXPENDITURES $8,884,819 $20,675,267 $21,251,805 $576,538 $21,249,805 ($2,000)
EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES ($4,256,149) ($16,355,117) ($16,081,288) $273,829 ($15,809,288) $272,000
OTHER FINANCING SOURCES (USES) AND OTHER ITEMS $39,098,745 $0 $0 $0 $0 $0
NET CHANGE IN FUND BALANCE $34,842,596 ($16,355,117) ($16,355,117) $273,829 ($15,809,288) $272,000
FUND BALANCE - BEGINNING (FROM PRIOR YEAR) $2,916,134 $37,758,730 $37,758,730 $0 $21,677,442 ($16,081,288)
FUND BALANCE - ENDING $37,758,730 $21,403,613 $21,677,442 $273,829 $5,868,154 ($15,809,288)
Summary 49- Food Service Fund
This report is based on data that has not been certified and should not be used for official reporting. Actual 2015 Original Budget 2016 Final Budget 2016 Budget Change Original Budget 2017 Budget Change
REVENUE BY SOURCE
 1000 Total LOCAL $586,127 $593,000 $580,000 ($13,000) $588,000 $8,000
2000 Total STATE $454,523 $425,000 $425,000 $0 $430,000 $5,000
3000 Total FEDERAL $2,024,595 $1,920,500 $1,859,000 ($61,500) $2,025,000 $166,000
TOTAL REVENUES $3,065,245 $2,938,500 $2,864,000 ($74,500) $3,043,000 $179,000
EXPENDITURES BY OBJECT
 100 Salaries $895,028 $962,576 $964,341 $1,765 $1,004,843 $40,502
200 Employee Benefits $317,331 $342,063 $351,170 $9,107 $365,919 $14,749
300 Purchased Professional and Technical Services $73,862 $75,000 $75,000 $0 $78,150 $3,150
400 Purchased property Services $20,200 $35,000 $30,0000 ($5,000) $31,260 $1,260
500 Other Purchased Services $3,782 $5,550 $5,550 ($50) $5,731 $231
600 Supplies $1,441,772 $1,440,000 $1,441,000 $1,000 $1,501,552 $60,522
700 Property $10,781 $35,000 $45,000 $10,000 $46,890 $1890
800 Other Objects $123,929 $166,000 $229,131 $63,131 $238,755 $9,624
TOTAL EXPENDITURES $2,886,684 $3,061,189 $3,141,142 $79,953 $3,273,070 $131,928
EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES $178,561 ($122,689) ($277,142) ($154,453) ($230,070) $47,072
OTHER FINANCING SOURCES (USES) AND OTHER ITEMS $0 $0 $0 $0 $0 $0
NET CHANGE IN FUND BALANCE $6178,561 ($122,689) ($277,142) ($154,453) ($230,070) $47,072
FUND BALANCE - BEGINNING (FROM PRIOR YEAR) $783,155 $961,716 $961,716 $0 $684,574 ($277,142)
FUND BALANCE - ENDING $961,716 $839,027 $684,574 ($154,453) $454,504 ($230,070)
2018 Financial Report
Logan City School District Summary Budget FY16 (tentative- June 14, 2016)
M & O
Fund 10		 Student Act.
Fund 21		 Tax Increment
Fund 26		 Debt Services
Fund 31		 Capital Outlay
Fund 32		 Food Services
Fund 49		 Summary
All funds
Revenues
Local $12,174,222 28% $1,432,500 100% $2,214,442 100% $4,145,000 100% $5,167,150 100% $580,000 20% $25,713,314 44%
State $26,112,442 61% - 0% - 0% - 0% $3,367 0% $425,000 15% $26,540,809 45%
Federal $4,826,509 11% - 0% - 0% - 0% - 0% $1,859,000 65% $6,685,509 11%
Total Revenue $43,113,173 100% $1,432,500 100% $2,214,442 100% $4,145,000 100% $5,170,517 100% $2,864,000 100% $58,939,632 100%
Expenditures
Salaries $23,820,158 55% - 0% - 0% - 0% - 0% $964,341 31% $24,784,499 33%
Employee Benefits $11,068,665 26% - 0% - 0% - 0% - 0% $351,170 11% $11,419,835 15%
Purchased Prof./Tech Services $1,786,081 4% $285,000 19% - 0% - 0% $526,956 2% $75,000 2% $2,673,037 4%
Purchased Property Services $361,480 1% 10,000 1% - 0% - 0% $19,295,085 91% $30,000 1% $19,696,565 26%
Other Purchased Services $2,543,419 6% $90,000 6% - 0% - 0% $2,000 0% $5,500 0% $2,640,949 4%
Supplies $2,840,337 7% $957,000 63% - 0% - 0% - 0% $1,441,000 46% $5,238,337 7%
Property/Equipment $333,089 1% $25,000 2% - 0% - 0% $1,012,064 5% $45,000 1% $1,415,153 2%
Miscellaneous $362,201 1% $155,700 10% $2,214,442 100% $3,796,186 100% $415,000 2% $229,131 17% $7,173,360 10%
Total Expenditures $43,115,431 100% $1,522,700 100% $2,214,442 100% $3,796,186 100% $21,251,805 100% $3,141,142 100% $75,041,706 100%
Revenues Over (Under) Expenditures ($2,258) ($90,200) - $384,814 ($16,081,288) ($277,142) ($16,102,074)
Other Financing Sources (Uses) ($50,000) $50,000 - - - - -
Budgeted Net Change In Fund Balance ($52,258) ($40,200) - $384,814 ($16,081,288) ($277,142) ($16,102,074)
Budget Beginning Fund Balance $7,839,018 $575,376 - $639,123 $37,758,730 $961,716 $47,773,963
Budget Ending Fund Balance $7,786,760 $535,176 - $987,937 $21,677,442 $684,574 $31,671,889
Tentative Tax Rate Valuation $1,917,878,622 (Per Utah State Tax Commission)
Tentative Proposed Tax Levies Tax Levies Tax Levies Tax Levies Tax Levies Tax Levies Tax Levies
Basic School Levy 0.001736 0.001736
Voted Locan Levy 0.001537 0.001537
Board Local Levy 0.002548 0.002548
Capital Local Levy 0.002146 0.002146
GO Bond Payments Levy 0.001972 0.001972
Total 0.05821 N/A 0.001972 0.002146 N/A 0.009939
General Fund This fund is the chief operating fund of the school district. It is used to account for all financial resources of the school district except those required to be account for in another fund. A district may have only one general fund.
Student Activities Fund This fund is a special revenue fund and is used to account for the financial resources of individual schools.
Tax Increment Financing Fund The fund is used to show the funds the district is not receiving due to RDAs.
Debt Service Fund This fund is used to account for the accumulation of resources for, and the payment of, general obligation long-term debt principal and interest.
Capital Outlay Fund This fund is used to account for resources and payment for the acquisition of capital facilities and equipment.
Food Services Fund The fund is used to account for the resources and payment of the child nutrition program.
2018 Financial Report
Logan City School District Summary Budget FY17 (tentative- June 14, 2016)
M & O
Fund 10		 Student Act.
Fund 21		 Tax Increment
Fund 26		 Debt Services
Fund 31		 Capital Outlay
Fund 32		 Food Services
Fund 49		 Summary
All funds
Revenues
Local $12,431,669 28% $1,452,500 100% $2,323,382 100% $3,915,000 100% $5,437,150 100% $588,000 19% $26,147,701 43%
State $27,433,462 62% - 0% - 0% - 0% $3,367 0% $430,000 14% $27,866,820 46%
Federal $4,705,426 11% - 0% - 0% - 0% - 0% $2,025,000 67% $6,730,426 11%
Total Revenue $44,570,5573 100% $1,452,500 100% $2,323,382 100% $3,915,000 100% $5,440,517 100% $3,043,000 100% $60,744,956 100%
Expenditures
Salaries $24,726,3588 56% - 0% - 0% - 0% - 0% $1,004,843 31% $25,701,201 34%
Employee Benefits $11,333,598 26% - 0% - 0% - 0% - 0% $365,919 11% $11,666,618 16%
Purchased Prof./Tech Services $1,786,081 4% $285,000 18% - 0% - 0% $526,956 2% $78,150 2% $2,678,187 3%
Purchased Property Services $361,480 1% 10,000 1% - 0% - 0% $19,295,085 91% $31,260 1% $19,607,825 26%
Other Purchased Services $2,671,612 6% $90,000 6% - 0% - 0% - 0% $5,731 0% $2,767,343 4%
Supplies $2,840,337 6% $977,000 63% - 0% - 0% - 0% $1,501,522 46% $5,318,859 7%
Property/Equipment $333,089 1% $25,000 2% - 0% - 0% $1,012,064 5% $46,890 1% $1,417,043 2%
Miscellaneous $362,201 1% $155,700 10% $2,323,382 100% $3,796,186 100% $415,700 2% $238,755 7% $7,291,924 10%
Total Expenditures $44,414,756 100% $1,542,700 100% $2,323,382 100% $3,796,186 100% $21,249,805 100% $3,273,070 100% $76,599,899 100%
Revenues Over (Under) Expenditures $155,801 ($90,200) - $118,814 ($15,809,288) ($230,070) ($15,854,943)
Other Financing Sources (Uses) ($50,000) $50,000 - - - - -
Budgeted Net Change In Fund Balance $105,801 ($40,200) - $118,814 ($15,809,288) ($230,070) ($15,854,943)
Budget Beginning Fund Balance $7,786,760 $535,176 - $987,937 $21,677,442 $684,574 $31,671,889
Budget Ending Fund Balance $7,892,760 $494,976 - $1,106,751 $5,868,154 $454,504 $15,816,946
Tentative Tax Rate Valuation $2,010,983,039 (Per Utah State Tax Commission)
Tentative Proposed Tax Levies Tax Levies Tax Levies Tax Levies Tax Levies Tax Levies Tax Levies
Basic School Levy 0.001675 0.001675
Voted Locan Levy 0.001600 0.001600
Board Local Levy 0.002500 0.002500
Capital Local Levy 0.002319 0.002319
GO Bond Payments Levy 0.001784 0.001784
Total 0.05775 N/A 0.001784 0.002319 N/A 0.009878
Fund Definitions:
General Fund This fund is the chief operating fund of the school district. It is used to account for all financial resources of the school district except those required to be account for in another fund. A district may have only one general fund.
Student Activities Fund This fund is a special revenue fund and is used to account for the financial resources of individual schools.
Tax Increment Financing Fund The fund is used to show the funds the district is not receiving due to RDAs.
Debt Service Fund This fund is used to account for the accumulation of resources for, and the payment of, general obligation long-term debt principal and interest.
Capital Outlay Fund This fund is used to account for resources and payment for the acquisition of capital facilities and equipment.
Food Services Fund The fund is used to account for the resources and payment of the child nutrition program.