Focus workshop Cash Flow Projections - SCOE

Cash Flow Projections:

Focus workshop

October 12, 2020 via ZOOM

Zoom Meeting Information

Keeping the WiFi//Internet presentation stable

? The chat box will be available for questions.

? We will monitor the chat box and answer questions throughout the presentation

? We will have time for questions throughout the workshop.

Workshop Purpose

Purpose:This workshop will provide tools and guidance on the

preparation and monthly updates of cash flow projections for the 2020-21 fiscal year.

WHY?:

Request for training from the LEAs Understand how cash is different that budget 2020-21 State Cash Deferrals, LEA burden Identify month or months of cash shortages Monthly updates: Actual vs. Projection

Purpose:

Agenda:

? Demonstrate Steps in preparing a cash flow ? Projections based on budget ? Updating actuals monthly ? Beginning balance is a key element ? Analyze prior year trends/patterns

? Revenue Projections ? Principal apportionment ? Use of the accrual column ? Federal, other state funds, local

Purpose:

Agenda:

? Expense Projections ? Salary/benefit ? books/supplies/other ? odd/unusual items

? Balance Sheet Section ? Understand Fiscal 12 ? Entering accruals

? Cash flow checks after completion of draft ? Upcoming due dates

Zoom Poll #1

Where are you working today?

Format and First Step

? Pick a cash flow format

? SCOE template used as example today ? Prior year cash flow inside SCOE template ?

Template is posted at:



Preliminary Step: Prior Year

Start with your Prior Year (2019-20) Cash Flow

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