Hi Phil,

The best method for determining unspent money at year end, it is best to look at schedule C-1 in the CAFR, rather than the summary that is included in the management report. Schedule C-1 is the budgetary comparison. It shows budget vs. actual and the variance. The total variance is shown as $-2,840,322; however, this amount includes the "on-behalf TPAF pension contributions and social security" that are non-budgeted items (as they are only book entries made by the auditors because they are paid by the State) totaling $-9,060,062. Also, this schedule does not include the reserve for encumbrances(open purchase orders) totaling $611,799. Therefore, the net total variance is $5,607,941.

Of this total variance, the major balances were left in the following areas: salaries, benefits, charter school, and out-of-district tuition.

Thanks,
John