Orcas Island School District
Budget Development
2007-08
		2008-09				2007-08
Debt Service Fund		Orig	Adjustmt	Budget		YTD	Projected	Budget
Current Fund Balance (May 31, 2007)		########	$        -	$1,030,969		########	$        -	$   556,259
Revenue (Property Tax, Interest)		$        -	$        -	$           -		$        -	$ 15,000	$     15,000
Expenditures (Princ, Inter, Bond Fees)		$        -	$        -	$           -		$        -	$(40,626)	$    (40,626)
Estimated Change in Fund Balance		$        -	$        -	$           -		$        -	$(25,626)	$    (25,626)
Estimated Ending Fund Balance @ Aug. 31, 2007		########	$        -	$1,030,969		########	$(25,626)	$   530,633
Reserved Fund Balance @ Aug. 31, 2007		$        -	$        -	$           -		$        -	$        -	$           -
Unreserved Fund Balance @ Aug. 31, 2007		########	$        -	$1,030,969		########	$(25,626)	$   530,633
WSIPC Budget Verification Data
Estimated Beginning Fund Balance		########	$        -	$1,030,969		########	$(25,626)	$   530,633
Revenues		$        -	$        -	$           -		########	$        -	$   889,760
Expenditures		########	$        -	$  (901,138)		########	$        -	$  (878,664)
Other		$        -	$        -	$           -		$        -	$        -	$           -
Estimated Ending Fund Balance		########	$        -	$   129,832		########	$(25,626)	$   541,729
Revenue (960)
1100 (Fall 2007)		$        -	$        -	$           -		########	$        -	$   366,760
1100 (Spring 2008)		$        -	$        -	$           -		########	$        -	$   523,000
1100 (Fall 2008)		$        -	$        -	$           -		$        -	$        -	$           -
1100 (Spring 2009)		$        -	$        -	$           -		$        -	$        -	$           -
2300 (Interest Earnings)		$        -	$        -	$           -		$        -	$        -	$           -
xxxx - Open		$        -	$        -	$           -		$        -	$        -	$           -
Total Revenue		$        -	$        -	$           -		########	$        -	$   889,760
Expenditure (530)
12/15/2004 Issue		########	$        -	$   860,000		########	$        -	$   575,000
02/01/1996 Issue		$        -	$        -	$           -		########	$        -	$   235,000
Open		$        -	$        -	$           -		$        -	$        -	$           -
Bond Principal		########	$        -	$   860,000		########	$        -	$   810,000
12/15/2004 Issue		$ 38,138	$        -	$     38,138		$ 60,200	$        -	$     60,200
02/01/1996 Issue		$        -	$        -	$           -		$   5,464	$        -	$      5,464
Open		$        -	$        -	$           -		$        -	$        -	$           -
Bond Interest		$ 38,138	$        -	$     38,138		$ 65,664	$        -	$     65,664
12/15/2004 Issue		$   1,500	$        -	$      1,500		$     750	$        -	$         750
02/01/1996 Issue		$        -	$        -	$           -		$     750	$        -	$         750
Open		$   1,500	$        -	$      1,500		$   1,500	$        -	$      1,500
Bond Fees & Other Costs		$   3,000	$        -	$      3,000		$   3,000	$        -	$      3,000
Total Expenditures		########	$        -	$   901,138		########	$        -	$   878,664
For budgeting property tax assessment - look ahead is through December 2008
Simple Fund Balance Look						Princ	Interest	Total
Beginning (September 1, 2007)								$   530,633
Revenue (Fall 2007, $865,000 @ .424)								$   366,760
Expenditures (Fall 2007)						########	$ 39,876	$  (849,876)
Fund Balance as of December 31, 2007								$     47,517
Revenue (Spring 2008, $911,575 @ .5736)								$   522,879
Expenditures (Spring 2008)						$        -	$ 25,788	$    (25,788)
Fund Balance as of August 31, 2008								$   544,608
Revenue (Fall 2008, $911,575 @ .424)								$   386,508
Expenditures (Fall 2008)						########	$ 25,788	$  (885,788)
Fund Balance as of December 31, 2008								$     45,329