School Financial Report
I. Introduction
This School Financial Report provides a comprehensive overview of the financial activities and standing of [YOUR COMPANY NAME] for the fiscal year ending December 31, 2050. The report aims to offer transparency and accountability regarding the management of financial resources to various stakeholders.
II. Executive Summary
In the fiscal year ending December 31, 2050, [YOUR COMPANY NAME] achieved significant milestones in financial management and operational efficiency.
A. Financial Highlights
Metric | Amount |
|---|
Total Revenue | $2,500,000 |
Total Expenses | $2,200,000 |
Net Surplus | $300,000 |
B. Fund Balances
Fund | Opening Balance | Closing Balance |
|---|
General Fund | $800,000 | $1,000,000 |
Scholarship Fund | - | $300,000 |
Capital Improvement Fund | - | $200,000 |
III. Financial Performance
A. Revenue
1. Tuition Fees
Level | Amount |
|---|
Elementary School | $800,000 |
Middle School | $700,000 |
High School | $700,000 |
Total | $2,200,000 |
2. Grants and Donations
Source | Amount |
|---|
Grants | $250,000 |
Donations | $50,000 |
Total | $300,000 |
B. Expenses
1. Personnel Expenses
Category | Amount |
|---|
Salaries | $1,200,000 |
Benefits | $300,000 |
Total | $1,500,000 |
2. Operational Expenses
Category | Amount |
|---|
Utilities | $100,000 |
Maintenance | $200,000 |
Supplies | $400,000 |
Total | $700,000 |
C. Fund Balances
1. General Fund
The general fund serves as the primary fund for [YOUR COMPANY NAME]'s operational needs. The balance increased from $800,000 to $1,000,000 during the fiscal year.
2. Special Funds
[YOUR COMPANY NAME] maintains special funds for specific purposes. The breakdown of special funds includes:
Scholarship Fund: $300,000
Capital Improvement Fund: $200,000
IV. Budget Analysis
A. Actual vs. Expenses
Category | Amount |
|---|
Utilities | $100,000 |
Maintenance | $200,000 |
Supplies | $400,000 |
Total | $700,000 |
V. Financial Ratios
A. Liquidity Ratios
1. Current Ratio
Formula | Calculation | Result |
|---|
Current Assets / Current Liabilities | $1,200,000 / $400,000 | 3.0 |
2. Quick Ratio
Formula | Calculation | Result |
|---|
(Current Assets - Inventory) / Current Liabilities | ($1,200,000 - $100,000) / $400,000 | 2.75 |
B. Efficiency Ratios
1. Asset Turnover Ratio
Formula | Calculation | Result |
|---|
Revenue / Total Assets | $2,500,000 / $2,000,000 | 1.25 |
2. Receivables Turnover Ratio
Formula | Calculation | Result |
|---|
Revenue / Accounts Receivable | $2,500,000 / $50,000 | 50 |
C. Profitability Ratios
1. Net Profit Margin
Formula | Calculation | Result |
|---|
Net Income / Total Revenue | $300,000 / $2,500,000 | 12% |
2. Return on Assets (ROA)
Formula | Calculation | Result |
|---|
Net Income / Total Assets | $300,000 / $2,000,000 | 15% |
VI. Conclusion
In conclusion, [YOUR COMPANY NAME] has maintained a strong financial position in the fiscal year ending December 31, 2050, demonstrating prudent financial management and accountability. The school's robust revenue streams, controlled expenses, and healthy fund balances indicate sound financial stewardship. Moving forward, [YOUR COMPANY NAME] will continue to prioritize fiscal responsibility and strategic investments to ensure long-term sustainability and academic excellence.
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