PTSA October 2016 Financial Report Palisades Park Elementary PTSA October Financial Report Discussion Items Fiscal Year 201516 Revenue Expenses Fiscal Year 201617 Proposed 2016 17 Budget ID: 598645
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Palisades Park Elementary
PTSA October 2016 Financial ReportSlide2
Palisades Park Elementary
PTSA October Financial Report
Discussion Items
Fiscal Year
2015-16 RevenueExpensesFiscal Year 2016-17 Proposed 2016 -17 BudgetFinancial SummaryAppendixAccount Summaries by Budget CategoriesSlide3
Palisades Park Elementary
PTSA October Financial Report
FISCAL YEAR
2015 - 16
FY 2014-15
FY 2015-16
FY 2015-16
FY 2015-16
FY 2015-16
REVENUEPRIOR YEARPROPOSEDACTUALVARIANCE+/- PRIOR YEARPanthers Pride9325.00 0.00 0.00 0.00 (9325.00)Corporate Donations2500.00 1000.00 2006.21 1006.21 (493.79)Strawbridge Donations2500.00 0.00 0.00 0.00 (2500.00)Palisades 5K Benefit1227.50 0.00 0.00 0.00 (1227.50)Science Magazines & Agendas1262.00 4200.00 4249.00 49.00 2987.00 Interest income0.82 1.00 0.98(0.02)0.16 PTSA Membership3200.00 3000.00 3220.00220.00 20.00 5th Grade Field Trip37440.86 16000.00 20313.51 (2648.09)(17127.35)Art Room0.00 0.00 1458.00 1458.00 1458.00 Beautification5155.00 2000.00 662.00 (1338.00)(4493.00)Book Fair13647.35 15000.00 12231.91 (2768.09)(1415.44)Box Tops/Store Programs1074.89 1100.00 2079.46 287.81 1004.57 Bricks 4 the Brave1581.20 2000.00 2287.81 287.81 706.61 Curriculum Night239.20 250.00 60.00 (190.00)(179.20)Di Global Team1505.10 1150.00 5228.79 4078.79 3723.69 FunRunners0.00 10000.00 21613.94 11613.94 21613.94 Golf Tournament30700.00 31000.00 42221.51 11221.51 11521.51 Hospitality0.00 0.00 0.00 0.00 0.00 Mother/Son Bowling1529.50 0.00 0.00 0.00 (1529.50)Music/Chorus0.00 2100.00 3394.36 1294.36 3394.36 PTSA Office Supplies0.00 0.00 1391.43 1391.43 1391.43 PTSA Student Store0.00 1000.00 1189.41 189.41 1189.41 School Supplies0.00 0.00 0.00 0.00 0.00 Science Lab3100.00 3500.00 2700.85 (799.15)(399.15)Spirit Night5727.96 6000.00 6221.07 221.07 493.11 Spirit Rock0.00 1000.00 475.00 (525.00)475.00 Spirit Wear21314.66 22000.00 14074.00 (7926.00)(7240.66)Valentine's Candy Gram708.00 900.00 453.00 (447.00)(255.00)Vendor/Yard Sale638.50 800.00 967.30 167.30 328.80 Wonderland Dance0.00 0.00 0.00 0.00 0.00 Yearbook6000.00 6000.00 45.00 (5955.00)(5955.00)TOTALS$150,377.54 $130,001.00 $148,544.54 $10,890.29 ($17,127.35)
FISCAL YEAR
2015-16
REVENUESlide4
Palisades Park Elementary
PTSA October Financial Report
FY 2014-15
FY 2015-16
FY 2015-16
FY 2015-16
FY 2015-16
EXPENSES
PRIOR YEAR
PROPOSED
ACTUALVARIANCE+/- PRIOR YEARTechnology16,378.12 20,000.00 27,626.98 7,626.98 11,248.86 Magazines/Agenda's2,384.58 4,000.00 7,526.09 3,526.09 5,141.51 Bank Fees/Interest692.23 760.00 131.01 (628.99)(561.22)Return Checks and Fees0.00 0.00 88.60 88.60 88.60 Insurance590.00 590.00 590.00 0.00 0.00 NC PTA Membership764.00 750.00 744.00 (6.00)(20.00)5th Grade Field Trip37,440.24 10,000.00 20,247.42 10,247.42 (17,192.82)Art Room0.00 0.00 0.00 0.00 0.00 Beautification1,606.61 1,500.00 2,409.41 909.41 802.80 Book Fair13,647.35 15,000.00 12,914.26 (2,085.74)(733.09)Box Tops/Store Programs376.36 450.00 133.16 (316.84)(243.20)Bricks 4 the Brave1,613.30 2,000.00 2,368.57 368.57 755.27 Curriculum Night303.37 50.00 0.00 (50.00)(303.37)Di Global Team1,505.10 1,150.00 4,321.42 3,171.42 2,816.32 FunRunners0.00 2,000.00 4,136.49 2,136.49 4,136.49 Golf Tournament15,387.58 16,600.00 21,201.42 4,601.42 5,813.84 Hospitality3,308.63 9,000.00 10,695.68 1,695.68 7,387.05 Mother/Son Bowling1,529.50 0.00 0.00 0.00 (1,529.50)Music/Chorus0.00 2,100.00 3,409.12 1,309.12 3,409.12 PTSA Office Supplies1,183.76 2,250.00 4,078.79 1,828.79 2,895.03 PTSA Student Store0.00 1,000.00 1,096.80 96.80 1,096.80 School Supplies2,310.50 2,000.00 505.36 (1,494.64)(1,805.14)Science Lab1,408.27 1,000.00 2,006.10 1,006.10 597.83 Spirit Night2,898.20 2,500.00 2,771.50 271.50 (126.70)Spirit Rock0.00 0.00 0.00 0.00 0.00 Spirit Wear17,052.63 17,000.00 11,085.78 (5,914.22)(5,966.85)Valentine's Candy Gram244.25 450.00 428.76 (21.24)184.51 Vendor/Yard Sale387.48 400.00 391.29 (8.71)3.81 Wonderland Dance0.00 500.00 781.26 281.26 781.26 Yearbook28.15 5,000.00 4,853.61 (146.39)4,825.46 TOTALS$123,040.21 $118,050.00 $146,542.88 $28,492.88 $23,502.67 FISCAL YEAR 2015-16 EXPENSESSlide5
Palisades Park Elementary
PTSA October Financial Report
FY 2015-16
FY 2016-17
FY 2016-17
FY 2016-17
FY 2016-17
REVENUE
PRIOR YEAR
PROPOSED
ACTUALVARIANCE+/- PRIOR YEAR Fundraising: Box Tops/Store Programs2079.46 3000.00 20.18 (2979.82)(2059.28) Fundraising: Corporate Contributions2006.21 5000.00 500.00 (4500.00)(1506.21) Fundraising: Fun Run21613.94 35000.00 1580.08(33419.92)(20033.86) Fundraising: Golf Tournament & Gala42221.51 45000.00 0.00(45000.00)(42221.51) Fundraising: Panther's Pride0.00 5000.00 2710.00 (9353.98)2710.00 Fundraising: PTSA Membership3220.004000.00 1750.00 (2250.00)(1470.00) Fundraising: Spirit Night6221.07 6500.00 (113.98)(6613.98)(6335.05) Fundraising: Spirit Rock475.00 600.00 110.00 (490.00)(365.00) Fundraising: Spirit Wear2,988.223500.00 2380.00 (1120.00)(608.22)TOTALS$80,825.41 $107,600.00 $8,936.28 ($105,727.70)($42,221.51)FISCAL YEAR 2016-17 REVENUESummaryStarting Budget for 2016-17 $22,788.25; carry over and covered planned expenses for start of school yearPrior Year Carryover includes $21,358.04 & $812.25 equating to $22,170.29Budget Categories have been streamlines for easier and more accurate reportingGoal it so increase revenue through fundraising by ~30%Slide6
Palisades Park Elementary
PTSA October Financial Report
FY 2015-16
FY 2016-17
FY 2016-17
FY 2016-17
FY 2016-17
EXPENSES
PRIOR YEAR
PROPOSED
YTD ACTUALVARIANCE+/- PRIOR YEAR Student & Facility Give Back10,695.68 10,000.00 172.61 (9,827.39)(10,523.07) Principle's Discretion: Prof Development2,368.57 15,000.00 2,169.68 (12,830.32)(198.89) PTSA Operating Expenses4,888.40 4,500.00 989.14 (3,510.86)(3,899.26) Student/School Enrichment: Agenda's/Mag7,526.09 8,000.00 5,724.95 (2,275.05)(1,801.14) Student/School Enrichment: Art Supplies0.00 2,000.00 121.07 (1,878.93)121.07 Student/School Enrichment: Beautification2,409.41 20,000.00 0.00 (20,000.00)(2,409.41) Student/School Enrichment: Literature0.00 8,500.00 6,876.62 (1,623.38)6,876.62 Student/School Enrichment: Mathematics3,770.00 8,500.00 200.00 (8,300.00)(3,570.00) Student/School Enrichment: Music & Chorus3,409.12 3,500.00 553.21 (2,946.79)(2,855.91) Student/School Enrichment: Science2,006.10 8,500.00 616.12 (7,883.88)(1,389.98) Student/School Enrichment: Technology27,626.98 20,000.00 0.00 (20,000.00)(27,626.98)TOTALS$64,700.35 $108,500.00 $17,423.40 ($91,076.60)($47,276.95)FISCAL YEAR 2016 - 17 EXPENSESHow do we plan on spending funds this yearContinued emphases on enriching our school and programsStudent: Subscription costs such as IXL Learning, Stemscopes, Flocabulary, LetterlandSchool: Sun Shade for play ground area, stimulate imagination through indoor beautification projectSlide7
Palisades Park Elementary
PTSA October Financial Report
FISCAL YEAR
2016 - 17
Clubs & Organizations
Summary
Clubs and Organizations are independently managed
PTSA assists by providing financial oversight Slide8
Appendix
Account Summaries by Budget CategoriesThru October 12, 2016Slide9
Palisades Park Elementary
PTSA October Financial Report
Type
Date
Num
Name
Memo
Amount
Fundraising
Box Tops/Store Programs
Deposit08/15/2016Amazon SmileDeposit20.18Total Box Tops/Store Programs20.18Corporate ContributionsDeposit08/15/2016500229Bank of America Charitable FoundationDeposit500.00Total Corporate Contributions500.00Fun RunDeposit09/30/2016DepositDeposit105.08Deposit10/03/2016DepositDeposit1,475.00Total Fun Run
1,580.08
Panther's Pride
Deposit
08/29/2016
Deposit
Deposit
250.00
Deposit
09/17/2016
Deposit
Deposit
100.00
Deposit
09/24/2016
Deposit
Deposit
1,460.00
Deposit
09/30/2016
Deposit
Deposit
800.00
Deposit
10/03/2016
Deposit
Deposit
100.00
Total Panther's Pride
2,710.00
PTSA Membership
Deposit
08/29/2016
Deposit
Deposit
780.00
Deposit
09/17/2016
Deposit
Deposit
330.00
Deposit
09/24/2016
Deposit
Deposit
340.00
Deposit
09/30/2016
Deposit
Deposit
180.00
Deposit
10/03/2016
Deposit
Deposit
120.00
Total PTSA Membership
1,750.00
Spirit Night
Check
08/14/2016
1066
Amanda Peterson
Charlotte Hornets
-200.00
Deposit
09/24/2016
Deposit
Deposit
86.02
Total Spirit Night
-113.98
Spirit Rock
Deposit
09/17/2016
Deposit
Deposit
40.00
Deposit
09/24/2016
Deposit
Deposit
50.00
Deposit
09/30/2016
Deposit
Deposit
10.00
Deposit
10/03/2016
Deposit
Deposit
10.00
Total Spirit Rock
110.00
Spirit Wear
Deposit
08/29/2016
Deposit
Deposit
2,380.00
Total Spirit Wear
2,380.00
Fundraising - Other
Deposit
08/29/2016
Deposit
Petty Cash Redepositied
100.00
Total Fundraising - Other
100.00
Total Fundraising
9,036.28
TOTAL
9,036.28Slide10
Palisades Park Elementary
PTSA October Financial Report
Type
Date
Num
Name
Memo
Amount
Student & Facility Give Back
Book Fair Events
Check10/08/20161084Amanda PetersonBook Fair Teacher Preview Breakfast172.61Check10/11/20161087Amanda PetersonApproved 9/8 PTSA Mtg252.40Total Book Fair Events425.01Teacher RecognitionCheck08/14/20161066Amanda PetersonGIft Cards for Teacher Appreciation - Start of School1,800.00Check08/19/20161067Salsarita'sTeacher Luncheon655.33Check08/19/20161071Carla BrazzellFlash Board Contest50.00Check08/28/20161070Amanda PetersonTeacher Appreciation / Gift Cards600.00Total Teacher Recognition
3,105.33
Student & Facility Give Back - Other
Check
08/14/2016
1065
Walmart
VOID:
0.00
Total Student & Facility Give Back - Other
0.00
Total Student & Facility Give Back
3,530.34
TOTAL
3,530.34Slide11
Palisades Park Elementary
PTSA October Financial Report
Type
Date
Num
Name
Memo
Amount
Principle's Discretion
Prof Development
Check09/12/20161078Sheraton GreensboroLodging for NCCTM Conference920.04Check09/12/20161077NCCTM315.00Total Prof Development1,235.04School SuppliesCheck09/05/20161075Palisades Park Elementary SchoolSupplies for Poster Maker, Approved 8/11/19934.64Total School Supplies934.64Total Principle's Discretion2,169.68TOTAL2,169.68Slide12
Palisades Park Elementary
PTSA October Financial Report
Type
Date
Num
Name
Memo
Amount
PTSA Operating Expenses
Banking Fees
Merchant ServicesCheck08/02/2016Bank of America Merchant ServicesBOFA MERCH SVCS DES:FEE8.95Check09/02/2016Bank of America Merchant ServicesBOFA MERCH SVCS DES:FEE8.95Total Merchant Services17.90Total Banking Fees17.90Insurance - LiabilityCheck08/29/20161074AIM590.00Total Insurance - Liability590.00Office Supplies
Postage, Mailing Service
Check
10/11/2016
1088
Carla
Brazzell
Stamps
58.75
Check
10/11/2016
1088
Carla
Brazzell
Envelopes
10.99
Total Postage, Mailing Service
69.74
Printing and Copying
Check
10/11/2016
1088
Carla
Brazzell
Copy Paper
33.36
Check
10/11/2016
1088
Carla Brazzell
Printer Ink
71.44
Total Printing and Copying
104.80
Subscriptions, Software Lic.
Check
06/10/2016
1058
Music Express
195.00
Check
08/04/2016
Microsoft
MS Office Renewal
99.99
Total Subscriptions, Software Lic.
294.99
Supplies
Check
10/11/2016
1088
Carla Brazzell
Coin Counter
185.29
Total Supplies
185.29
Office Supplies - Other
Check
08/14/2016
1066
Amanda Peterson
Decorations
53.25
Check
09/24/2016
Check Reorder
33.00
Check
10/11/2016
1088
Carla Brazzell
Tax & Coin Counter Protection
52.53
Total Office Supplies - Other
138.78
Total Office Supplies
793.60
1,401.50
TOTAL
1,401.50Slide13
Palisades Park Elementary
PTSA October Financial Report
Type
Date
Num
Name
Memo
Amount
Student/School Enrichment
Agenda's & MagazinesDeposit09/06/2016Deposit-2,470.00Deposit09/17/2016DepositDeposit-2,214.90Deposit09/24/2016DepositDeposit-270.00Deposit09/26/2016DepositDeposit-5.05Deposit09/30/2016DepositDeposit-350.00Deposit10/03/2016DepositDeposit-415.00Total Agenda's & Magazines-5,724.95Art SuppliesCheck08/11/2016
1064
Lynette Hinman
121.07
Total Art Supplies
121.07
Literature
Check
06/17/2016
1060
Scholastic
VOID: GJE, RGJE created on 08/28/2016 - Check was never sent, new check written
0.00
Check
08/04/2016
1061
Scholastic
346.04
Check
08/28/2016
1069
Scholastic Classroom Magazines
5,386.52
Check
08/28/2016
1072
Enfield Distribution
555.10
Check
08/28/2016
1073
Flocabulary
1,600.00
General Journal
08/28/2016
1R
Scholastic
Reverse of GJE 1 -- For CHK 1060 voided on 08/28/2016
-346.04
Deposit
08/29/2016
Deposit
Deposit
-665.00
Total Literature
6,876.62
Mathamatics
Check
09/12/2016
1081
IXL Learning
200.00
Total Mathamatics
200.00
Music & Chorus
Deposit
09/17/2016
Deposit
Deposit
-382.50
Deposit
09/24/2016
Deposit
Deposit
-85.00
Deposit
09/30/2016
Deposit
Deposit
-30.00
Deposit
10/03/2016
Deposit
Deposit
-278.00
Check
10/08/2016
1083
Matthew McCurley
100.00
Check
10/08/2016
1085
JW Pepper & Son,
Inc
122.29
Total Music & Chorus
-553.21
Science
Check
09/05/2016
1076
Accelerate Learning Inc
237.72
Check
09/12/2016
1079
Accelerate Learning Inc
VOID: 9/18 - Check rewritten
0.00
Check
09/16/2016
1082
Palisades Park Elementary School
Accelerated Learning -
StemScopes
378.40
Total Science
616.12
Student/School Enrichment - Other
Check
08/11/2016
1062
Miranda Gromer
Small Group Counseling Program; Digital Download
14.99
Total Student/School Enrichment - Other
14.99
Total Student/School Enrichment
1,550.64
TOTAL
1,550.64Slide14
Palisades Park Elementary
PTSA October Financial Report
Type
Date
Num
Name
Memo
Amount
Clubs & Organizations
5th Grade Field Trip
Check08/11/20161063Sue Brooks53.28Check10/08/20161086World's Finest Chocolate, Inc4,858.43Total 5th Grade Field Trip4,911.71Di Global TeamCheck09/16/20161080John McDonald250.00Total Di Global Team250.00Lego LeagueDeposit09/17/2016DepositDeposit-1,200.00
Deposit
09/24/2016
Deposit
Deposit
-300.00
Total Lego League
-1,500.00
Total Clubs & Organizations
3,661.71
TOTAL
3,661.71Slide15
If you’d like a soft copy of this full report, please email the PTSA to request a copy.
palisadesparkptsa@outlook.com