Actual vs. Projected CPS Reserves, 2002-09

Columbia School District Budget Analysis
(Actual minus Projected = Underestimate)

2002-03
Projected Reserves............$23,470,134
Actual Reserves..................$26,924,039
Underestimate....................$ 3,453,905

2003-04
Projected Reserves.............$22,531,530
Actual Reserves..................$28,526,466
Underestimate....................$ 5,994,936

2004-05
Projected Reserves..........$23,810,394
Actual Reserves...............$33,542,491
Underestimate.................$ 9,732,097

2005-06
Projected Reserves...........$26,939,291
Actual Reserves................$32,129,747
Underestimate..................$ 5,190,456

2006-07
Projected Reserves............$23,120,626
Actual Reserves.................$36,717,979
Underestimate...................$13,597,353

2007-08
Projected Reserves.............$24,653,244
Actual Reserves..................$36,817,204
Underestimate....................$12,163,960

Total Reserve Underestimate: $50,122,707.00

Based on a simple mathematical extrapolation, with an average 34.6% UNDERESTIMATE of projected over actual fund balances, the district should have $9,164,732 MORE than it presently estimates WITH NO TAX INCREASE, not including a cash influx that happens with every new budget year.*

2008-09
Projected Reserves....$26,463,809 (tax levy based on this number)
Actual Reserves.........$35,628,541 (if trend holds)
Underestimate...........$ 9,164,732

That would about cover the $10.5 million they hope to get from us.

Projected Reserves, aka Projected Operating Fund Balances
See Summary Budget -- All Programs in each annual budget

Actual Reserves (Operating Fund Balances) for the past decade
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