SCHOOL SERVICE FUND APPROPRIATION RESOLUTION FOR ADOPTION
BY THE BOARD OF DIRECTORS OF MADISON ACADEMY
RESOLVED, that this resolution shall be the school service fund appropriations of Madison Academy for the fiscal year 2016. A resolution to make appropriations; to provide for the expenditure of the appropriations; and to provide for the disposition of all income received by Madison Academy.
BE IT FURTHER RESOLVED, that the total revenues estimated to be available for appropriations in the school service fund of Madison Academy for fiscal year 2016 is as follows.
Initial Approved Approved Approved
Budget Amendment Budget
REVENUE
| Fund Balance as of June 30, 2015 | 3,037 | 3,3037 | |
| (1XX) Local Sources | 2,000 | 0 | 2,000 |
| (2XX) State Sources | 2,000 | 2,010 | 4,010 |
| (3XX) Federal Sources | 2000,000 | 103,000 | 303,000 |
| (5XX) Incoming Transfers | 0 | 0 | |
| TOTAL AVAILABLE TO APPROPRIATE | $207,037 | 105,010 | $312,047 |
BE IT FURTHER RESOLVED, that $308,051 of the total available to appropriate in the school service fund is hereby appropriated in the amounts and for the purposes set forth below:
EXPENDITURES
| (2XX) Food Service | 205,757 | 102,294 | 308,051 |
| Outgoing Transfers and Other Transactions | 0 | 0 | |
| TOTAL APPROPRIATED | 205,757 | 102,294 | 308,051 |
| EXCESS REVENUE | ($1,757) | 2,716 | $959 |
| FUND BALANCE JUNE 30, 2016 | 1,280 | 2,716 | $3,996 |
APPROVED BY BOARD OF DIRECTORS, regular board meeting, on 1-26-16
Board Secretary (signed)
GENERAL APPROPRIATION RESOLUTION FOR ADOPTION BY THE BOARD OF DIRECTORS OF MADISON ACADEMY
RESOLVED, that this resolution shall be the general appropriations of Madison Academy for the fiscal year 2016. A resolution to make appropriation; to provide for the expenditure of the appropriations; and to provide for the disposition of all income received by Madison Academy.
BE IT FURTHER RESOLVED, that the total revenues estimated to be available for appropriations in the general fund of Madison Academy for fiscal year 2016 is as follows:
Approved Approved Approved
Budget Amendment Budget
REVENUE
| Fund Balance as of June 30, 2015 | 1,486,535 | 1,486,535 | |
| (1XX) Local Sources | 25,000 | 23,000 | 48,000 |
| (2XX) State Sources | 7,053,675 | -68,152 | 6,985,523 |
| (3XX) Federal Sources | 352,934 | 15,955 | 368,889 |
| (5XX) Other Sources | 30,000 | 12,000 | 42,000 |
| TOTAL AVAILABLE TO APPROPRIATE | $8,948,144 | -17,197 | $8,930,947 |
BE IT FURTHER RESOLVED, that $7,438,509 of the total available to appropriate in the general fund is hereby appropriated in the amounts and for the purposes set forth below:
EXPENDITURES
| (11X) Elementary | 2,331,818 | 303,433 | 2,635,251 |
| (11X) High School | 520,033 | 125,584 | 645,617 |
| (11X) Preschool | 156,847 | -56,697 | 100,150 |
| (11X) Summer School | 0 | 379 | 379 |
| (12X) Special Education | 357,120 | -19,292 | 337,828 |
| (12X) Compensatory Education | 509,552 | -217,665 | 291,887 |
| (21X) Student Services | 46,539 | 55,745 | 102,284 |
| (22X) Staff Services | 17,036 | 7,623 | 24,659 |
| (23X) General Administration | 36,450 | 5,000 | 41,450 |
| (23X) Executive Administration | 867,629 | -18,318 | 849,311 |
| (24X) School Administration | 475,532 | -7,312 | 468,220 |
| (25X) Business Services | 32,000 | 322 | 32,322 |
| (26X) Operations and Maintenance | 700,813 | -59,478 | 641,335 |
| (27X) Pupil Transportation Services | 160,000 | 25,000 | 185,000 |
| (28X) Other Support Services | 10,000 | -2,000 | 8,000 |
| (29X) Afterschool Athletics | 43,600 | -5,000 | 38,600 |
| (35X) Afterschool Student Care | 0 | 4,683 | 4,683 |
| (5XX) Debt principal and interest | 11,000 | -11,000 | 0 |
| Outgoing Transfers and Other Transactions | 1,031,533 | 0 | $7,438,509 |
| TOTAL APPROPRIATED | $7,307,502 | 131,007 | $7,438,509 |
| EXCESS REVENUE (EXPENDITURES) | $154,107 | -148,204 | $5,903 |
| FUND BALANCE JUNE 30, 2016 | 1,640,642 | -148,204 | $1,492,438 |
APPROVED BY BOARD OF DIRECTORS, regular board meeting on, 1-26-2016
Board Secretary (signed)