Help for Statement A1- Summary Statement of Budget, Revenues and Variance

Help for Statement A1 - Summary Statement of Budget, Revenues and Variance

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School Districts Accounting and Reporting Manual

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(ENTRY 1) Real Property Tax Items - Original Budget

Enter original budget amounts on line 1.  The original budget consists of appropriations and estimated revenues as approved in the first complete appropriated budget (generally the one passed prior to the start of the fiscal year). Original budget amounts will have to be entered in lines 1, 5, 9, 13, etc.  (New item 01-02 SY, GASB 34).

 

(ENTRY 2) Real Property Tax Items - Modified Budget

Enter the final modified budget.  The final modified budget consists of appropriations and estimated revenues per the final amended version of the appropriated budget at the end of the fiscal period, reflecting all authorized budget modifications.  The actual revenue received will appear in line 3 (A1001).  Modified budget amounts for each subsequent revenue category will need to be entered in lines 6, 10, 14, etc.

 

(ENTRY 3) Real Property Tax Items - Actual Revenues (A1001)

The amount recorded in AT1001 of Schedule A-General Fund Revenues will be transferred by the computer program to this line. It is important to complete the revenue schedule (A3) prior to completing this statement. Actual revenues for each subsequent revenue category will appear in lines 7, 11 15, etc.

 

(ENTRY 4) Real Property Tax Items - Variance (+1-)

This field is calculated in the computer program by subtracting the modified budget amount (line 2) from the actual revenue received (line 3). The variance amounts calculated for each subsequent revenue category will appear in lines 8, 12, 16, etc.

 

(ENTRY 57) Total Original Budget

Total Original Budget is calculated in the computer program by adding all the original budget amounts for each revenue category, lines 1, 5, 9, 13, etc.  (New item 01-02 SY, GASB 34).

 

(ENTRY 58) Total Estimated Revenues-Modified Budget A510

This field is calculated in the computer program by adding all of the modified budget amounts for each revenue category, lines 2, 6, 10, 14, etc.

 

(ENTRY 59) Total Actual Revenues - AT5999

This field is calculated in the computer program by adding all of the actual revenue amounts for each revenue category, lines 3, 7, 11, 15, etc.

 

(ENTRY 60) Total Variance

This field is calculated by adding all of the variance amounts for each revenue category, lines 4, 8, 12, 16, etc.

 

(ENTRY 61) Appropriated Reserved-Modified Budget A511

This account will be used for budgetary entries for any special reserves appropriated in the adopted budget or in subsequent budget modifications.

 

(ENTRY 62) Appropriated Fund Balance-Modified Budget A599

This account will be used for budgetary entries related to prior year encumbrances and the appropriated fund balance. Refer to the "Uniform System of Accounts for School Districts" for additional information regarding this budgetary entry.

 

(ENTRY 63) Obligations Authorized-Modified Budget A530

This account will be used for budgetary entries. The balance will represent the net amount of obligations authorized to finance appropriations of the current year.

 

(ENTRY 64) Total Estimated Revenues-Modified Budget, Appropriated Revenues, Appropriated Fund Balance and Obligations Authorized

This field is calculated in the computer program by adding A510 (line 58), the total estimated revenues-modified budget plus A511, A599 and A530, lines 61-63 respectively.

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