The true operational deficit is developed through the GAAP work. So, this was Murphy City's 1999 plan. There was a month back during the winter when snow days shut off the receipts. But the shortfall is not all in sales. A quick check on monthly federal and state subsidy shows the district is behind a couple of months.
Expenses are down overall too.
But if they don't, a bigger advance than planned may be needed. These kinds of questions have to do with the true finan cial position of the fund. That's why we do GAAP reports. Meanwhile the net cash position is not far off of what was planned. Yet the cashflow analysis points to a couple of issues about subsidy payments and the year-end advance amount.