Walton County School District Financial Report FY 2023-2024 Analysis
Explore the detailed breakdown of Walton County School District's financial performance for the Fiscal Year 2023-2024. Analyze revenue sources, expenditure allocations, and key financial indicators across various fund categories.
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Walton County School District Annual Financial Report Fiscal Year 2023-2024 Tuesday, September 3, 2024 Stephanie Hofheinz, Chief Financial Officer HofheinzS@Walton.k12.fl.us 850-892-1100, ext. 1346
General Fund Total Revenue by Category FUND 1000 1000 SOURCE Federal Direct Federal through State and Local Description ROTC, Impact Aid Medicaid, Misc. Federal through State FEFP, WFD, TSIA, VPK Taxes, Interest, SPICE, ECTC Fees, IndirectCosts TOTAL $670,124 $63,716 1000 State $20,674,557 1000 Local $136,737,714 $158,146,111 Total Revenue
General Fund Expenditures By Object Code Category Amount Expended Percentage 80% 11% 3% 4% 1% 1% 100% Salaries and Benefits $126,742,610 $18,364,861 $4,000,284 $5,929,844 $945,829 $2,704,851 $158,688,279 Contracted/PurchasedServices EnergyServices(Fuel/Utilities) Materials and Supplies Capital Outlay Other Totals: 3%4%1% 1% Salaries & Benefits 11% Contracted/Purchased Services Energy Services Materials and Supplies Capital Outlay 80% Other
Food Service Total Revenue by Category FUND 4100 SOURCE Federal through State and Local Description National School Lunch Reimb, Commodities, Summer Feeding State Breakfast and Lunch Allocations Student Breakfast and Lunch TOTAL $4,945,272 4100 State $47,807 4100 Local $1,389,783 $6,382,862 Total Revenue
Food Service Expenditures By Object Code Category Amount Expended Percentage 43% .70% 56% 0.10% 0.20% 100% Salaries and Benefits $2,960,525 $44,419 $3,856,671 $1617 $27,659 $6,890,891 Contracted/Purchased Services Food and Supplies Capital Outlay Other Totals: 0.10% 0.20% Salaries & Benefits Contracted/Purchased Services 43% Materials and Supplies 56% Capital Outlay Other 0.70%
Federal Projects- Total Revenue Fund 4200 Source Total Federal Grants: Title I, IDEA, Perkins, Title II, Title III Pell Grants $6,445,532 4200 Totals: $539,911 $6,985,443
Federal Projects Expenditures By Object Code Category Amount Expended Percentage 71% 8% 6% 3% 12% 100% Salaries and Benefits $4,988,909 $509,472 $460,038 $193,108 $833,914 $6,985,443 Contracted/Purchased Services Materials and Supplies Capital Outlay Other Totals: Salaries & Benefits 3% 12% Contracted/Purchased Services 6% 8% Materials and Supplies Capital Outlay 71% Other
CARES ACT Relief Funds-ESSER and GEER Total Revenue Fund 4410 Source Total $30,990 Elem. & Sec. School Emergency Relief-ESSER Other CARES Act Relief Fund- GEER Elem. & School Emergency Relief (ESSER II) Elem. & School Emergency Relief (ESSER III) Other ARP Act Relief Fund 4420 $0 4430 $135,659 4450 $6,712,109 4460 Totals: $214,114 $7,092,872
CARES Act- ESSER and GEER Expenditures By Object Code Category Amount Expended Percentage 46% 23% .20% 15% 15% .80% 100% Salaries and Benefits $3,246,413 $1,641,264 $10,533 $1,033,892 $1,028,411 $132,360 $7,092,872 Contracted/Purchased Services Energy Services Materials and Supplies Capital Outlay Other Totals: 2% Salaries & Benefits 14% Contracted/Purchased Services 46% Energy Services 15% Materials and Supplies 0.20% Capital Outlay Other 23%
Capital Projects Total Revenue by Category FUND 3600 SOURCE Capital Outlay & Debt Service Local Capital Improvement Description State Allocation TOTAL $447,065 3700 Tax Collections 1.393 Mills, Interest Safety & Security, Charter School Capital Outlay, COPS Interest $66,975,224 39XX Other Capital Projects $4,395,922 $71,818,211 Total Revenue
Capital Projects Expenditures By Object Code Category Amount Expended Percentage 38% 21% 9% 6% 23% 1% 2% 0% 100% Buildings $9,873,720 $5,315,244 $2,295,371 $1,648,637 $5,994,082 Furniture, Fixtures, Equipment Motor Vehicles Improvements Other than Bldgs Remodeling and Renovations $46,216 $143,920 $0 $25,880,650 Land Computer Software, Other COPS Cost of Issuance Totals: 2.00% 0.00% 1.00% Buildings Furniture, Fixtures, Equip 38% 23% Motor Vehicles Imp other than Bldgs 6% Remodeling and Renovations 9% Land Computer Software/Library Books 21% COPS Cost of Issuance
Capital Projects Transfers FUND 3700 3700 SOURCE To Debt Service To General Fund Description COPS Payments Leases, Property Casualty Ins., Equipment, Salaries TOTAL $10,725,890 $2,900,000 $13,625,890 Total Transfers Out
Fund Balance Comparison- Major Funds $80,000,000 $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $0 General Fund Local Cap Imp 17/18 FY 18/19 FY 19/20 FY 20/21 FY 21/22 FY 22/23 FY 23/24 FY
Capital Projects 17/18 to 23/24 $140,000,000 $120,000,000 $100,000,000 $80,000,000 $60,000,000 $40,000,000 $20,000,000 $0 Revenues Expenditures Fund Balance 17/18 FY 18/19 FY 19/20 FY 20/21 21/22 22/23 23/24
General Fund 17/18 to 23/24 $180,000,000 $160,000,000 $140,000,000 $120,000,000 $100,000,000 $80,000,000 $60,000,000 $40,000,000 $20,000,000 $0 Revenues Expenditures Fund Balance 17/18 FY 18/19 FY 19/20 FY 20/21 FY 21/22 FY 22/23 FY 23/24 FY
General Fund Exp Comparisons 17/18 to 23/24 $100,000,000 $90,000,000 $80,000,000 $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $0 Salaries Benefits Cont Svcs 17/18 18/19 19/20 20/21 21/22 22/23 23/24
General Fund Exp Comparisons 17/18 to 23/24 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 Utilities Fuel Subs 17/18 18/19 19/20 20/21 21/22 22/23 23/24
Positions by Fiscal Year 16/17 1,193 Positions 1,272 Positions 17/18 18/19 1,306 Positions 19/20 1,329 Positions 20/21 1,358 Positions 21/22 1,391 Positions 22/23 1,470 Positions 23/24 1,566 Positions 24/25 1,673 Positions
Salary Increases by Fiscal Year Bargaining Unit 16/17 17/18 18/19 19/20 20/21 21/22 22/23 23/24 Total 83.42% Instructional 3.93% 5.91% 7.16% 5.54% 8.56% 12.81% 17.85% 21.66% 87.27% ESP 5.81% 7.29% 4.74% 4.92% 4.90% 16.30% 21.65% 19.84%
