Currently Approved for 2009-2010

Fisher PAC Checking Account Balance Analysis

As of February 3, 2009

Current Balance:  $33,970

2008/2009 Budget:              $21,000 total expenses ($6,127 we have spent; $14,873 balance to spend)

                                    $30,100 total fundraising projected income

                                    $11,561 fundraising income this year so far

                                    (Note:  this excludes Holiday Book Giving which is a break even)

                                    $18,381 fundraising income – projected to raise in balance of school year

Prior PAC Approved Allocations (not yet paid for):

$4,000 picnic tables approved in 2005/2006

$100 crayons approved in February 2008 but never purchased (?)

$2700 April 2008 Wish List Outstanding balance (note:  could be as high as $5900)

$3300 May 2008 Wish List Outstanding balance

 What this means today:

$33,970 today’s balance

minus   $ 5,000 carry forward balance

minus   $ 4,000 picnic tables

minus   $ 2,700 balance of April 2008 Wish List

minus   $ 3,300 balance of May 2008 Wish List

minus   $ 2,075 balance of 2008 Holiday Book Giving still to be Spent on Books minus   $ 1,183 5^th grade ceremony specific fundraiser money equals  $15,712 in checking account not allocated to above items

However, $11,561 of the $15,712 has been raised in this year’s fundraisers towards this year’s budget.  This means that the difference, approximately $4150, could be surplus - largely due to the April 2008 Wish List not been fully spent.

We need $14,873 in total for the balance of the PAC 2008/2009 budgeted expenses.

We still expect to raise another $18,381 through the end of this school year in our planned fundraisers.

Summary:  We expect to have a surplus at the end of the school year….depending on how our fundraisers do and how much we end up spending for expenses.  However, we need to wait until after carnival to allocate any surplus.  (Silent Auction will not be until after the April PAC meeting so we would have to discuss the money raised at that fundraiser in May’s PAC meeting which is the final meeting of the year.)  We also need to complete the April and May 2008 Wish List spending so we can finalize the accounting for these large groups of expenditures and re-allocate any surplus.