PO 217 (Published in the Saturday edition of The Duncan Banner, September 19, 2015 - 1 time) FINANCIAL STATEMENT OF THE VARIOUS FUNDS FOR THE FISCAL YEAR ENDING JUNE 30, 2015 AND ESTIMATE OF NEEDS FOR FISCAL YEAR ENDING JUNE 30, 2016 OF THE BOARD OF EDUCATION OF RED RIVER TECHNOLOGY SCHOOL DISTRICT NO. 19, STEPHENS COUNTY, OKLAHOMA STATEMENT OF FINANCIAL CONDITION AS OF JUNE 30, 2015 GENERAL BUILDING FUNDFUND DetailDetail ASSETS: Cash Balance June 30, 2015 765,653.66 1,054,527.27 Investments 2,215,000.00 2,930,000.00 TOTAL ASSETS: 2,980,653.66 3,984,527.27 LIABILITIES AND RESERVES: Warrants Outstanding 118,189.07 Reserves From Schedule 8 522,404.41 TOTAL LIABILITIES & RESERVES 640,593.48 CASH FUND BALANCE (Deficit) JUNE 30, 20152,340,060.18 3,861,586.46 ESTIMATED NEEDS FOR FISCAL YEAR ENDING JUNE 30, 2016 GENERAL FUND Current Expense $9,224,100.35 Total Required $9,224,100.35 FINANCED: Cash Fund Balance 2,340,060.18 Estimated Misc. Revenue 2,946,715.00 Total Deductions 5,286,775.18 Balance to Raise from Ad Valorem Tax 3,937,325.17 ESTIMATED MISCELLANEOUS REVENUE: 1000 District Sources of Revenue 473,000.00 3800 State Vocational Programs 2,095,124.00 4600 Other Federal Sources of Revenue 52,746.00 4800 Federal Vocational Education 325,845.00 Total Estimated Revenue 2,946,715.00 BUILDING FUND Current Expense 4,647,700.61 Total Required 4,647,700.61 FINANCED: Cash Fund Balance 3,861,586.46 Total Deductions 3,861,586.46 Balance to Raise from Ad Valorem Tax 786,114.15 CERTIFICATE - GOVERNING BOARD STATE OF OKLAHOMA, COUNTY OF STEPHENS, ss: We, the undersigned duly elected, qualified and acting officers of the Board of Education of RED RIVER TECHNOLOGY AREA School District No. 19, of Said County and State, do hereby certify that at a meeting of the Governing Body of the said District, begun at the time provided by law for districts of this class and pursuant to the provisions of 68 O.S. 2001 Sec. 3003, the foregoing statement was prepared and is a true and correct condition of the Financial Affairs of said District as reflected by the records of the District Clerk and Treasurer. We further certify that the foregoing estimate for current expenses for the fiscal year beginning July 1, 2015, and ending June 30, 2016 as shown are reasonably necessary for the proper conduct of the affairs of the said Municipality, that the Estimated income to be derived from sources other than ad valorem taxation does not exceed the lawfully authorized ratio of the revenue derived from the same sources during the preceding fiscal year. Is/ Rodney Love, President of Board of Education Subscribed and sworn to before me this 14 day of September, 2015. /s/VALERIE DIANE GRAY, Notary Public. Commission #06003225 Expires 03/28/18
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