| Finance
The Finance Department is located at the Educational Complex in Building D, Business Services. The Finance Department is responsible for accurately accounting and reconciling all District funds. The members of this team strive to ensure that the District is compliant with all federal and state guidelines and regulations - striving to obtain 100% compliance for all audit reviews. Our primary objective is to provide guidance to our schools so that they can get what they need for classroom instruction, within the constraints of the laws. Kindergarten Cost Analysis Gilbert Public Schools has a long-standing commitment to providing the very best educational environments for all learners. Currently, GPS provides rigorous instruction and high quality academics in both half-day and full-day kindergarten programs. With increased expectations, more GPS parents are choosing a full-day academic environment for their kindergarten children.
Recent budget discussions have prompted questions regarding the revenue and costs of providing full-day kindergarten. Following is a summary analysis of the projections for FY2014:
The revenue received is based on budget limit calculations to support basic education funding. The main factor in determining the budget limit (revenue) is the average daily membership (ADM) of enrolled students from the prior year, and the costs will be associated with the actual number of students enrolled in the current fiscal year.
For the purposes of analyzing costs, the district will project an enrollment of 2,507 students for Fiscal Year 2014 based on enrollments as of January 25, 2013. The funding available per enrolled student will be $2,273. The total budget limit for Fiscal Year 2014 is $5,698,476. The table below reflects the calculations for Fiscal Year 2014: | Enrollment (based on enrollments as of January 25,2013) | 2,507 | | Per student funding | $2,273 | | | | | Revenue Control Limit + Soft Capital Allocation Limit + Capital Outlay Revenue Limit | $5,342,286 | | Maintenance and Operations Override (calculated from a full Kindergarten weight) | $356,190 | | Total Budget Limit (Revenue) | $5,698,476 | | Direct Costs (salaries and benefits of teachers directly providing KG instruction) | ($5,247,588) | | Available to offset Indirect Costs from the Maintenance and Operations Fund | $450,888 | Kindergarten Cost Analysis - pdf
| | | External Links for Gilbert School Finance | | GPS Recognized with Lowest Administrative Costs The 2011 Auditor General’s report shows that GPS has the lowest administrative costs in the state among large districts.
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| Proposed Budget (Board Summary, Detail, Truth in Taxation)
This establishes limits of planned expenditures across all funds. | 2013 | 2012 | 2011 | Adopted Budget
This is the adopted version of the budget that establishes the limits of planned expenditures across all funds. | 2013 | 2012 | 2011 | Revised Budget
This version of the budget is an updated version of budget limits and is required to be submitted before May 15th of each year. | 2013 | 2012 | 2011 | Projected Expenditures &
Annual Financial Report (AFR)
This is the most comprehensive comparison of fiscal year expenditures to revised budget limits and prior year expenditures.
Click here for Descriptions of Funds. | 2013 Projected Expenditures
| 2012 AFR
| 2011 AFR | | Comprehensive Annual Financial Report |
| 2012 | 2011 | | Single Audit Reporting Package |
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| 2011 | | Auditor General Classroom Dollars Report |
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| 2011 | |
