Executive Summary. Cobb County School District Financial Services Division

Transcription

1 Cobb County School District Financial Services Division Executive Summary To: Board Members From: Mike Addison Chief Financial Officer Date: February 10, 2010 Re: Second Quarter FY-10 Financial Reports Financial reports for school district operations for the quarter ended December 31, 2009 are enclosed. These reports are provided to board members on a quarterly basis to keep them informed of the district s current financial condition. The attached reports are divided in five major sections as follows: 1) Financial Report. A summary of revenues by source and expenditures by function for each fund is provided in the combined activity report. A review of Fund General Fund, the district s primary fund, shows that 50% of the fiscal year has elapsed and 48% of budgeted expenditures have been spent or committed. 69% of budgeted revenues have been collected thus far in FY ) Cash Management. Three investment reports are included. The first report identifies fiscal year-to-date interest earned by fund. The second arranges investments by type, a measure of safety and liquidity, and also shows the current rate of return on the entire portfolio. The third shows the individual investments by fund, financial institution and rate of interest. Funds are invested in the Georgia Fund One (Local Government Investment Pool) with the State of Georgia and conservative money market accounts and certificates of deposit. Revenues from SPLOST are electronically deposited into Georgia Fund One thereby enabling us to earn interest immediately. The District had total interest earnings of $633, for the fiscal year as of December 31, The weighted average rate of return on current holdings was 0.37% compared to the month-end 3-month U.S. Treasury Bill rate of 0.06%. 3) School Food Service Report. Relevant food service operation statistics are presented for each school for both the current month and fiscal year-to-date. Please note that high schools typically have very low participation because most students choose a-la- Page 1

2 carte meals rather than regular reimbursable meals. The overall program is operating at an expected level with fund balance increasing moderately. 4) Capital Projects: SPLOST and Other Capital Projects Funds. This section identifies activity occurring in the SPLOST II and III, and County-Wide Building Funds. The report contains a variety of graphs and schedules that illustrate the current status and projected activity of the numerous construction projects in these funds. Of particular interest is Exhibit A in the SPLOST III section which highlights the fact that calendar year SPLOST III receipts of $94,128,180 thru December fell short of the projected revenues of $120,296,460 by $26,168,280 5) Supplemental Reports. Activity reports for the quarterly period of October 1, 2009 through December 31, 2009 are presented to provide additional information to the Board. This section identifies payments, wire transfers and budget adjustments greater than $100,000. Page 2

3 QUARTERLY FINANCIAL REPORT For The Quarter Ended DECEMBER 31, 2009

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5 QUARTERLY FINANCIAL REPORT DECEMBER 31, 2009

6 COBB COUNTY SCHOOL DISTRICT GENERAL FUND AS OF DECEMBER 31, 2009 Revenues Expenditures REVENUE COLLECTED 69% BALANCE 52% BALANCE 31% EXPENDITURES 48% Note: We have collected 69% of Revenue and spent 48% of budgeted amounts through December.

7 COBB COUNTY SCHOOL DISTRICT GENERAL FUND AS OF DECEMBER 31, 2009 Revenue Expenditures 44% OF STATE REVENUES COLLECTED NOT EXPENDED OR ENCUMBERED 52% 56% OF STATE REVENUES UNCOLLECTED 88% OF LOCAL REVENUES COLLECTED 12% OF LOCAL REVENUES UNCOLLECTED ENCUMBERED 0% EXPENDED 48%

8 REPORT: FQ246N v2.2 Cobb County School District Page 1 of 25 Run Date 2/3/2010 Run Time: 1:06:35PM Financial Services Division Combined Activity Report Financial Report for the Quarter Ended: December 31, 2009 FISCAL YEAR ELAPSED: 50 % FUND 0100 General DESCRIPTION REVENUE Original Approved Current Revised Current Quarter Year To Date Outstanding Encumbrances Over(-) /Under Pct LOCAL $470,061, $470,046, $382,811, $413,847, $0.00 $56,199, STATE $405,381, $385,369, $86,207, $168,608, $0.00 $216,760, FEDERAL $31,766, $31,766, $13,965, $27,767, $0.00 $3,999, OTHER SOURCES $259, $259, $62, $135, $0.00 $124, TOTAL REVENUE EXPENSE $907,469, $887,442, $483,047, $610,358, $0.00 $277,083, INSTRUCTION $656,228, $650,587, $157,100, $317,152, $1,360, $332,074, PUPIL SERVICES $17,335, $17,818, $4,661, $9,548, $73, $8,196, INSTRUCTIONAL ADMINISTRATION $26,296, $26,206, $5,811, $11,697, $294, $14,214, EDUCATIONAL MEDIA CENTERS $14,620, $14,622, $3,844, $7,868, $119, $6,634, GENERAL ADMINISTRATION $4,518, $4,568, $982, $2,114, $20, $2,434, SCHOOL ADMINISTRATION $52,144, $52,152, $13,240, $26,601, $2, $25,548, SUPPORT SERVICES - BUSINESS $5,260, $5,292, $1,161, $2,480, $101, $2,710, MAINTENANCE & OPERATIONS $61,061, $61,710, $14,520, $26,186, $1,949, $33,573, STUDENT TRANSPORTATION $48,737, $47,285, $9,874, $19,069, $31, $28,184, SUPPORT SERVICES - CENTRAL $16,192, $16,246, $2,374, $5,412, $60, $10,773, COMMUNITY SERVICES $64, $64, $16, $32, $0.00 $32, CAPITAL OUTLAY $18, $24, $1, $7, $0.00 $16, OPERATING TRANSFERS $4,987, $4,118, $705, $2,443, $0.00 $1,675, TOTAL EXPENSE $907,466, $900,698, $214,296, $430,615, $4,013, $466,069,

9 REPORT: FQ246N v2.2 Cobb County School District Page 2 of 25 Run Date 2/3/2010 Run Time: 1:06:35PM Financial Services Division Combined Activity Report Financial Report for the Quarter Ended: December 31, 2009 FISCAL YEAR ELAPSED: 50 % FUND 0200 Debt Service DESCRIPTION REVENUE Original Approved Current Revised Current Quarter Year To Date Outstanding Encumbrances Over(-) /Under Pct LOCAL $0.00 $0.00 $10, $15, $0.00 ($15,035.86) 0 TOTAL REVENUE $0.00 $0.00 $10, $15, $0.00 ($15,035.86) 0

10 REPORT: FQ246N v2.2 Cobb County School District Page 3 of 25 Run Date 2/3/2010 Run Time: 1:06:35PM Financial Services Division Combined Activity Report Financial Report for the Quarter Ended: December 31, 2009 FISCAL YEAR ELAPSED: 50 % FUND 0402 Title I - Fed Grant DESCRIPTION REVENUE Original Approved Current Revised Current Quarter Year To Date Outstanding Encumbrances Over(-) /Under Pct FEDERAL $21,648, $21,668, $4,301, $7,661, $0.00 $14,006, TOTAL REVENUE EXPENSE $21,648, $21,668, $4,301, $7,661, $0.00 $14,006, INSTRUCTION $15,630, $15,460, $3,251, $5,567, $160, $9,731, PUPIL SERVICES $219, $219, $32, $76, $0.00 $142, INSTRUCTIONAL ADMINISTRATION $2,649, $2,845, $320, $737, $17, $2,090, CURRICULUM $0.00 $3, $0.00 $0.00 $0.00 $3, GENERAL ADMINISTRATION $652, $652, $177, $328, $0.00 $323, MAINTENANCE & OPERATIONS $1, $0.00 $0.00 $0.00 $0.00 $ STUDENT TRANSPORTATION $859, $872, $165, $280, $0.00 $591, SUPPORT SERVICES - OTHER $1,635, $1,649, $353, $670, $6, $972, TOTAL EXPENSE $21,648, $21,701, $4,299, $7,660, $184, $13,856,

11 REPORT: FQ246N v2.2 Cobb County School District Page 4 of 25 Run Date 2/3/2010 Run Time: 1:06:35PM Financial Services Division Combined Activity Report Financial Report for the Quarter Ended: December 31, 2009 FISCAL YEAR ELAPSED: 50 % FUND 0404 Special Ed-Fed Grant DESCRIPTION REVENUE Original Approved Current Revised Current Quarter Year To Date Outstanding Encumbrances Over(-) /Under Pct FEDERAL $28,640, $29,166, $6,936, $11,607, $0.00 $17,558, TOTAL REVENUE EXPENSE $28,640, $29,166, $6,936, $11,607, $0.00 $17,558, INSTRUCTION $21,300, $21,229, $5,280, $8,377, $323, $12,528, PUPIL SERVICES $4,249, $4,447, $886, $1,781, $0.00 $2,665, INSTRUCTIONAL ADMINISTRATION $1,053, $1,293, $236, $474, $0.00 $819, GENERAL ADMINISTRATION $916, $1,008, $197, $374, $0.00 $634, STUDENT TRANSPORTATION $1,119, $1,187, $337, $599, $0.00 $588, TOTAL EXPENSE $28,640, $29,166, $6,936, $11,607, $323, $17,235,

12 REPORT: FQ246N v2.2 Cobb County School District Page 5 of 25 Run Date 2/3/2010 Run Time: 1:06:35PM Financial Services Division Combined Activity Report Financial Report for the Quarter Ended: December 31, 2009 FISCAL YEAR ELAPSED: 50 % FUND 0406 Vocational Educ-Fed Grant DESCRIPTION REVENUE Original Approved Current Revised Current Quarter Year To Date Outstanding Encumbrances Over(-) /Under Pct FEDERAL $709, $725, $248, $277, $0.00 $447, TOTAL REVENUE EXPENSE $709, $725, $248, $277, $0.00 $447, INSTRUCTION $333, $340, $43, $50, $78, $210, INSTRUCTIONAL ADMINISTRATION $347, $355, $198, $215, $3, $135, GENERAL ADMINISTRATION $29, $30, $6, $11, $0.00 $18, TOTAL EXPENSE $709, $725, $248, $277, $82, $364,

13 REPORT: FQ246N v2.2 Cobb County School District Page 6 of 25 Run Date 2/3/2010 Run Time: 1:06:35PM Financial Services Division Combined Activity Report Financial Report for the Quarter Ended: December 31, 2009 FISCAL YEAR ELAPSED: 50 % FUND 0414 Title II Instr Skills DESCRIPTION REVENUE Original Approved Current Revised Current Quarter Year To Date Outstanding Encumbrances Over(-) /Under Pct FEDERAL $2,423, $2,558, $515, $867, $0.00 $1,691, TOTAL REVENUE EXPENSE $2,423, $2,558, $515, $867, $0.00 $1,691, INSTRUCTION $959, $1,093, $215, $428, $0.00 $665, INSTRUCTIONAL ADMINISTRATION $1,413, $1,413, $295, $427, $45, $941, GENERAL ADMINISTRATION $50, $50, $7, $12, $0.00 $37, SUPPORT SERVICES - OTHER $0.00 $ $0.00 $ $0.00 $ TOTAL EXPENSE $2,423, $2,558, $517, $869, $45, $1,643,

14 REPORT: FQ246N v2.2 Cobb County School District Page 7 of 25 Run Date 2/3/2010 Run Time: 1:06:35PM Financial Services Division Combined Activity Report Financial Report for the Quarter Ended: December 31, 2009 FISCAL YEAR ELAPSED: 50 % FUND 0432 Homeless Grant DESCRIPTION REVENUE Original Approved Current Revised Current Quarter Year To Date Outstanding Encumbrances Over(-) /Under Pct FEDERAL $40, $40, $15, $19, $0.00 $20, TOTAL REVENUE EXPENSE $40, $40, $15, $19, $0.00 $20, INSTRUCTION $16, $16, $ $1, $0.00 $15, PUPIL SERVICES $ $ $ $1, $0.00 ($350.00) 150 GENERAL ADMINISTRATION $19, $19, $4, $6, $0.00 $13, STUDENT TRANSPORTATION $2, $3, $10, $10, $3, ($10,354.76) 423 TOTAL EXPENSE $40, $40, $15, $19, $3, $17,

15 REPORT: FQ246N v2.2 Cobb County School District Page 8 of 25 Run Date 2/3/2010 Run Time: 1:06:35PM Financial Services Division Combined Activity Report Financial Report for the Quarter Ended: December 31, 2009 FISCAL YEAR ELAPSED: 50 % FUND 0460 Title III DESCRIPTION REVENUE Original Approved Current Revised Current Quarter Year To Date Outstanding Encumbrances Over(-) /Under Pct FEDERAL $1,735, $1,735, $366, $672, $0.00 $1,062, TOTAL REVENUE EXPENSE $1,735, $1,735, $366, $672, $0.00 $1,062, INSTRUCTION $122, $122, $33, $37, $2, $81, PUPIL SERVICES $745, $745, $187, $356, $5, $383, INSTRUCTIONAL ADMINISTRATION $513, $513, $80, $154, $2, $355, GENERAL ADMINISTRATION $315, $315, $65, $120, $8, $187, STUDENT TRANSPORTATION $6, $6, $0.00 $0.00 $0.00 $6, SUPPORT SERVICES - OTHER $31, $31, $0.00 $2, $0.00 $29, TOTAL EXPENSE $1,735, $1,735, $366, $672, $19, $1,044,

16 REPORT: FQ246N v2.2 Cobb County School District Page 9 of 25 Run Date 2/3/2010 Run Time: 1:06:35PM Financial Services Division Combined Activity Report Financial Report for the Quarter Ended: December 31, 2009 FISCAL YEAR ELAPSED: 50 % FUND 0462 Title IV DESCRIPTION REVENUE Original Approved Current Revised Current Quarter Year To Date Outstanding Encumbrances Over(-) /Under Pct FEDERAL $3,062, $2,848, $568, $1,013, $0.00 $1,834, TOTAL REVENUE EXPENSE $3,062, $2,848, $568, $1,013, $0.00 $1,834, INSTRUCTION $580, $580, $95, $171, $51, $357, PUPIL SERVICES $2,438, $2,809, $460, $822, $516, $1,471, INSTRUCTIONAL ADMINISTRATION $16, $17, $0.00 $0.00 $0.00 $17, GENERAL ADMINISTRATION $19, $46, $12, $19, $0.00 $26, STUDENT TRANSPORTATION $8, $8, $0.00 $0.00 $0.00 $8, SUPPORT SERVICES - OTHER $0.00 $0.00 $0.00 $0.00 $9, ($9,704.00) 0 TOTAL EXPENSE $3,062, $3,463, $568, $1,013, $577, $1,872,

17 REPORT: FQ246N v2.2 Cobb County School District Page 10 of 25 Run Date 2/3/2010 Run Time: 1:06:35PM Financial Services Division Combined Activity Report Financial Report for the Quarter Ended: December 31, 2009 FISCAL YEAR ELAPSED: 50 % FUND 0478 USDA-Fresh Fruits and Vegetabl DESCRIPTION REVENUE Original Approved Current Revised Current Quarter Year To Date Outstanding Encumbrances Over(-) /Under Pct FEDERAL $0.00 $97, $20, $33, $0.00 $64, TOTAL REVENUE EXPENSE $0.00 $97, $20, $33, $0.00 $64, SCHOOL FOOD SERVICE $0.00 $97, $20, $33, $0.00 $64, TOTAL EXPENSE $0.00 $97, $20, $33, $0.00 $64,

18 REPORT: FQ246N v2.2 Cobb County School District Page 11 of 25 Run Date 2/3/2010 Run Time: 1:06:35PM Financial Services Division Combined Activity Report Financial Report for the Quarter Ended: December 31, 2009 FISCAL YEAR ELAPSED: 50 % FUND 0510 Adult Education DESCRIPTION REVENUE Original Approved Current Revised Current Quarter Year To Date Outstanding Encumbrances Over(-) /Under Pct STATE $218, $406, $98, $183, $0.00 $223, FEDERAL $613, $579, $147, $295, $0.00 $284, TOTAL REVENUE EXPENSE $831, $986, $246, $478, $0.00 $508, COMMUNITY SERVICES $831, $986, $246, $478, $0.00 $508, TOTAL EXPENSE $831, $986, $246, $478, $0.00 $508,

19 REPORT: FQ246N v2.2 Cobb County School District Page 12 of 25 Run Date 2/3/2010 Run Time: 1:06:35PM Financial Services Division Combined Activity Report Financial Report for the Quarter Ended: December 31, 2009 FISCAL YEAR ELAPSED: 50 % FUND 0532 Psycho-Ed Center DESCRIPTION REVENUE Original Approved Current Revised Current Quarter Year To Date Outstanding Encumbrances Over(-) /Under Pct STATE $5,316, $4,965, $1,125, $2,108, $0.00 $2,856, FEDERAL $500, $500, $172, $294, $0.00 $205, OTHER SOURCES $36, $36, $0.00 $36, $0.00 $ TOTAL REVENUE EXPENSE $5,852, $5,502, $1,297, $2,440, $0.00 $3,061, INSTRUCTION $4,147, $3,895, $898, $1,655, $25, $2,214, PUPIL SERVICES $985, $999, $238, $479, $0.00 $519, INSTRUCTIONAL ADMINISTRATION $382, $257, $69, $127, $0.00 $129, GENERAL ADMINISTRATION $0.00 $49, $33, $33, $0.00 $15, SCHOOL ADMINISTRATION $257, $249, $56, $112, $14, $121, SUPPORT SERVICES - BUSINESS $9, $9, $2, $4, $0.00 $5, MAINTENANCE & OPERATIONS $40, $32, $2, $4, $0.00 $27, STUDENT TRANSPORTATION $30, $10, $1, $1, $0.00 $8, TOTAL EXPENSE $5,852, $5,502, $1,302, $2,419, $39, $3,043,

20 REPORT: FQ246N v2.2 Cobb County School District Page 13 of 25 Run Date 2/3/2010 Run Time: 1:06:35PM Financial Services Division Combined Activity Report Financial Report for the Quarter Ended: December 31, 2009 FISCAL YEAR ELAPSED: 50 % FUND 0549 Donations DESCRIPTION REVENUE Original Approved Current Revised Current Quarter Year To Date Outstanding Encumbrances Over(-) /Under Pct LOCAL $0.00 $4, $29, $33, $0.00 ($29,199.50) 719 TOTAL REVENUE EXPENSE $0.00 $4, $29, $33, $0.00 ($29,199.50) 719 INSTRUCTION $0.00 $15, ($412.86) ($1,202.86) $0.00 $16, PUPIL SERVICES $0.00 $8, $ $ $0.00 $7, INSTRUCTIONAL ADMINISTRATION $0.00 $19, $ $1, $0.00 $18, GENERAL ADMINISTRATION $0.00 $2, $1, $1, $0.00 $ SCHOOL ADMINISTRATION $0.00 $1, ($360.00) ($324.18) $0.00 $1, SUPPORT SERVICES - CENTRAL $0.00 $2, $0.00 $0.00 $0.00 $2, TOTAL EXPENSE $0.00 $49, $1, $1, $0.00 $48,

21 REPORT: FQ246N v2.2 Cobb County School District Page 14 of 25 Run Date 2/3/2010 Run Time: 1:06:35PM Financial Services Division Combined Activity Report Financial Report for the Quarter Ended: December 31, 2009 FISCAL YEAR ELAPSED: 50 % FUND 0551 After School Program DESCRIPTION REVENUE Original Approved Current Revised Current Quarter Year To Date Outstanding Encumbrances Over(-) /Under Pct LOCAL $7,850, $7,841, $1,918, $3,591, $0.00 $4,249, TOTAL REVENUE EXPENSE $7,850, $7,841, $1,918, $3,591, $0.00 $4,249, INSTRUCTION $793, $793, $199, $331, $0.00 $462, COMMUNITY SERVICES $7,056, $7,072, $1,693, $3,047, $14, $4,010, TOTAL EXPENSE $7,850, $7,866, $1,892, $3,379, $14, $4,472,

22 REPORT: FQ246N v2.2 Cobb County School District Page 15 of 25 Run Date 2/3/2010 Run Time: 1:06:35PM Financial Services Division Combined Activity Report Financial Report for the Quarter Ended: December 31, 2009 FISCAL YEAR ELAPSED: 50 % FUND 0552 Performing Arts DESCRIPTION REVENUE Original Approved Current Revised Current Quarter Year To Date Outstanding Encumbrances Over(-) /Under Pct LOCAL $367, $367, $139, $306, $0.00 $61, TOTAL REVENUE EXPENSE $367, $367, $139, $306, $0.00 $61, INSTRUCTION $367, $367, $259, $264, $0.00 $103, TOTAL EXPENSE $367, $367, $259, $264, $0.00 $103,

23 REPORT: FQ246N v2.2 Cobb County School District Page 16 of 25 Run Date 2/3/2010 Run Time: 1:06:35PM Financial Services Division Combined Activity Report Financial Report for the Quarter Ended: December 31, 2009 FISCAL YEAR ELAPSED: 50 % FUND 0553 Tuition School DESCRIPTION REVENUE Original Approved Current Revised Current Quarter Year To Date Outstanding Encumbrances Over(-) /Under Pct LOCAL $965, $965, $22, $81, $0.00 $884, OTHER SOURCES $100, $100, $24, $50, $0.00 $49, TOTAL REVENUE EXPENSE $1,065, $1,065, $46, $131, $0.00 $934, INSTRUCTION $749, $749, $63, $140, $0.00 $609, PUPIL SERVICES $ $ $0.00 $0.00 $0.00 $ INSTRUCTIONAL ADMINISTRATION $199, $199, $16, $32, $0.00 $166, EDUCATIONAL MEDIA CENTERS $21, $21, $0.00 $8, $0.00 $13, SCHOOL ADMINISTRATION $69, $69, $0.00 $19, $0.00 $49, MAINTENANCE & OPERATIONS $23, $23, $0.00 $0.00 $0.00 $23, SUPPORT SERVICES - CENTRAL $3, $3, $0.00 $0.00 $0.00 $3, TOTAL EXPENSE $1,065, $1,066, $80, $201, $0.00 $864,

24 REPORT: FQ246N v2.2 Cobb County School District Page 17 of 25 Run Date 2/3/2010 Run Time: 1:06:35PM Financial Services Division Combined Activity Report Financial Report for the Quarter Ended: December 31, 2009 FISCAL YEAR ELAPSED: 50 % FUND 0554 Public Safety DESCRIPTION REVENUE Original Approved Current Revised Current Quarter Year To Date Outstanding Encumbrances Over(-) /Under Pct LOCAL $529, $529, $21, $21, $0.00 $507, OTHER SOURCES $753, $753, $188, $376, $0.00 $376, TOTAL REVENUE EXPENSE $1,282, $1,282, $209, $398, $0.00 $884, MAINTENANCE & OPERATIONS $1,282, $1,282, $323, $520, $0.00 $762, TOTAL EXPENSE $1,282, $1,282, $323, $520, $0.00 $762,

25 REPORT: FQ246N v2.2 Cobb County School District Page 18 of 25 Run Date 2/3/2010 Run Time: 1:06:35PM Financial Services Division Combined Activity Report Financial Report for the Quarter Ended: December 31, 2009 FISCAL YEAR ELAPSED: 50 % FUND 0556 Adult High School DESCRIPTION REVENUE Original Approved Current Revised Current Quarter Year To Date Outstanding Encumbrances Over(-) /Under Pct LOCAL $171, $171, $43, $70, $0.00 $100, OTHER SOURCES $184, $184, $46, $92, $0.00 $92, TOTAL REVENUE EXPENSE $355, $355, $89, $162, $0.00 $192, COMMUNITY SERVICES $355, $373, $69, $159, $17, $196, TOTAL EXPENSE $355, $373, $69, $159, $17, $196,

26 REPORT: FQ246N v2.2 Cobb County School District Page 19 of 25 Run Date 2/3/2010 Run Time: 1:06:35PM Financial Services Division Combined Activity Report Financial Report for the Quarter Ended: December 31, 2009 FISCAL YEAR ELAPSED: 50 % FUND 0557 Artists At Schools DESCRIPTION REVENUE Original Approved Current Revised Current Quarter Year To Date Outstanding Encumbrances Over(-) /Under Pct LOCAL $2, $2, $1, $2, $0.00 $ OTHER SOURCES $7, $7, $1, $3, $0.00 $3, TOTAL REVENUE EXPENSE $9, $9, $3, $5, $0.00 $4, INSTRUCTION $9, $10, $ $1, $2, $6, TOTAL EXPENSE $9, $10, $ $1, $2, $6,

27 REPORT: FQ246N v2.2 Cobb County School District Page 20 of 25 Run Date 2/3/2010 Run Time: 1:06:35PM Financial Services Division Combined Activity Report Financial Report for the Quarter Ended: December 31, 2009 FISCAL YEAR ELAPSED: 50 % FUND 0580 Miscellaneous Grants DESCRIPTION REVENUE Original Approved Current Revised Current Quarter Year To Date Outstanding Encumbrances Over(-) /Under Pct LOCAL $7, $13, $0.00 $6, $0.00 $7, STATE $0.00 $3, $20, $23, $0.00 ($20,206.42) 769 FEDERAL $15, $62, $34, $58, $0.00 $4, TOTAL REVENUE EXPENSE $22, $79, $55, $88, $0.00 ($8,375.52) 110 INSTRUCTION $22, $31, $27, $42, $0.00 ($10,642.38) 133 INSTRUCTIONAL ADMINISTRATION $0.00 $47, $27, $45, $2, $ TOTAL EXPENSE $22, $79, $55, $88, $2, ($10,639.62) 113

28 REPORT: FQ246N v2.2 Cobb County School District Page 21 of 25 Run Date 2/3/2010 Run Time: 1:06:35PM Financial Services Division Combined Activity Report Financial Report for the Quarter Ended: December 31, 2009 FISCAL YEAR ELAPSED: 50 % FUND 0691 Unemployment DESCRIPTION REVENUE Original Approved Current Revised Current Quarter Year To Date Outstanding Encumbrances Over(-) /Under Pct LOCAL $307, $307, $0.00 $296, $0.00 $11, TOTAL REVENUE EXPENSE $307, $307, $0.00 $296, $0.00 $11, SUPPORT SERVICES - BUSINESS $307, $307, $65, $137, $0.00 $170, TOTAL EXPENSE $307, $307, $65, $137, $0.00 $170,

29 REPORT: FQ246N v2.2 Cobb County School District Page 22 of 25 Run Date 2/3/2010 Run Time: 1:06:35PM Financial Services Division Combined Activity Report Financial Report for the Quarter Ended: December 31, 2009 FISCAL YEAR ELAPSED: 50 % FUND 0692 Self-Insurance DESCRIPTION REVENUE Original Approved Current Revised Current Quarter Year To Date Outstanding Encumbrances Over(-) /Under Pct LOCAL $4,762, $4,762, $1,137, $2,216, $0.00 $2,546, OTHER SOURCES $495, $495, $123, $247, $0.00 $247, TOTAL REVENUE EXPENSE $5,257, $5,257, $1,261, $2,464, $0.00 $2,793, SUPPORT SERVICES - BUSINESS $7,056, $7,087, $1,643, $3,680, $8, $3,399, TOTAL EXPENSE $7,056, $7,087, $1,643, $3,680, $8, $3,399,

30 REPORT: FQ246N v2.2 Cobb County School District Page 23 of 25 Run Date 2/3/2010 Run Time: 1:06:35PM Financial Services Division Combined Activity Report Financial Report for the Quarter Ended: December 31, 2009 FISCAL YEAR ELAPSED: 50 % FUND 0694 Dental Insurance DESCRIPTION REVENUE Original Approved Current Revised Current Quarter Year To Date Outstanding Encumbrances Over(-) /Under Pct LOCAL $6,000, $6,000, $1,075, $2,689, $0.00 $3,310, OTHER SOURCES $0.00 $0.00 $10, $24, $0.00 ($24,259.17) 0 TOTAL REVENUE EXPENSE $6,000, $6,000, $1,085, $2,713, $0.00 $3,286, SUPPORT SERVICES - BUSINESS $6,000, $6,000, $1,180, $2,979, $0.00 $3,020, TOTAL EXPENSE $6,000, $6,000, $1,180, $2,979, $0.00 $3,020,

31 REPORT: FQ246N v2.2 Cobb County School District Page 24 of 25 Run Date 2/3/2010 Run Time: 1:06:35PM Financial Services Division Combined Activity Report Financial Report for the Quarter Ended: December 31, 2009 FISCAL YEAR ELAPSED: 50 % FUND 0696 Purchasing/Warehouse DESCRIPTION REVENUE Original Approved Current Revised Current Quarter Year To Date Outstanding Encumbrances Over(-) /Under Pct LOCAL $698, $698, $0.00 $0.00 $0.00 $698, OTHER SOURCES $1,283, $1,283, $392, $809, $0.00 $474, TOTAL REVENUE EXPENSE $1,982, $1,982, $392, $809, $0.00 $1,172, SUPPORT SERVICES - BUSINESS $1,982, $1,987, $417, $811, $38, $1,136, TOTAL EXPENSE $1,982, $1,987, $417, $811, $38, $1,136,

32 REPORT: FQ246N v2.2 Cobb County School District Page 25 of 25 Run Date 2/3/2010 Run Time: 1:06:35PM Financial Services Division Combined Activity Report Financial Report for the Quarter Ended: December 31, 2009 FISCAL YEAR ELAPSED: 50 % FUND 0697 Flexible Benefits DESCRIPTION REVENUE Original Approved Current Revised Current Quarter Year To Date Outstanding Encumbrances Over(-) /Under Pct LOCAL $93, $93, $23, $46, $0.00 $46, TOTAL REVENUE EXPENSE $93, $93, $23, $46, $0.00 $46, SUPPORT SERVICES - BUSINESS $93, $93, $12, $29, $0.00 $64, TOTAL EXPENSE $93, $93, $12, $29, $0.00 $64,

33 CASH MANAGEMENT REPORT

34 BOARD INFORMATION DATE: December 31, 2009 TOPIC: Investments/Financial Report DIVISION: Financial Services CONTACT: Mike Addison, Chief Financial Officer BACKGROUND: Financial Services provides board members three quarterly reports summarizing investment financial data. The first of these reports identifies interest earned on a year-to-date basis. The second report arranges investments by type, a measure of investment safety and liquidity. The second report also shows the current rate of return on the entire portfolio. The third report shows the individual investments by fund, financial institution and rate of interest. The financial administration has identified these different ways to inform the board of the school system's investments and keep them apprized of the financial position of the district. CONCLUDING COMMENTS: The majority of available funds are invested with the Money Market Funds and the State of Georgia in Georgia Fund One (LGIP) to achieve investment diversity. Revenues from the Special Purpose Local Option Sales Tax (SPLOST) are electronically deposited into the Georgia Fund One thereby enabling us to earn interest immediately. The SPLOST funds are invested with Georgia Fund One (LGIP) and BB & T Money Market Accounts to achieve investment diversity.

35 COBB COUNTY SCHOOL DISTRICT FINANCIAL SERVICES DIVISION INTEREST ON INVESTMENTS (Accrual Basis) As of December 31, 2009 FUND: Interest Year-To-Date General $ 341, Bond Sinking 2, Fund 351 (County Building) 7, SPLOST II 164, SPLOST III/Countywide Building (TANS) 77, Lunchroom 40, Total $ 633,900.24

36 COBB COUNTY SCHOOL DISTRICT FINANCIAL SERVICES DIVISION INVESTMENTS BY CATEGORY AND RATE OF RETURN As of December 31, 2009 Percent of Category Amount Total Commercial Banks: Money Market $ 303,895, CDs 7,740, Georgia Fund 1 (LGIP): 140,296, TOTAL ALL SECURITIES $ 451,932, Year-to-date rate of return for FY 10:.41% Weighted Average Rate of Return on Current Holdings:.37% Average 3 Month Treasury Bill Rate:.06%

37 COBB COUNTY SCHOOL DISTRICT FINANCIAL SERVICES DIVISION COMBINED SCHEDULE OF INVESTMENTS - ALL FUNDS As Of December 31, 2009 GENERAL FUND: Rate: Book Value Georgia Fund 1 (LGIP).25 $ 38,644, CD Program Bank of North Georgia.90 7,500, Money Market - Bank of North Georgia.40 40,310, Money Market B B & T.40 50,002, Money Market Flagstar Bank.30 40,027, Money Market Suntrust Bank.25 30,000, Money Market United Community.50 58,952, Money Market Vinings Bank.52 20,015, Certificate of Deposit Vinings Bank , Grand Total $285,693, BOND SINKING FUND: Georgia Fund 1 (LGIP).25 $ 1,537, COUNTY-WIDE BUILDING FUND: 351 Georgia Fund 1 (LGIP).25 $ 5,029, SPLOST 2 (Local Option Sales Tax) Georgia Fund 1 (LGIP).25 $ 36,894, BB&T Money Market.34 $ 41,904, SPLOST 3 (Local Option Sales Tax) Georgia Fund 1 (LGIP).25 $ 34,272, BB&T Money Market.34 $ 22,682, CENTRAL LUNCHROOM FUND: Georgia Fund 1 (LGIP).25 $ 23,917, GRAND TOTAL ALL INVESTMENTS $451,932,114.38

38 SCHOOL FOOD SERVICE OPERATION REPORT

39 Report: FSMSM0230 COBB COUNTY SCHOOL DISTRICT PAGE 1 Run: FRIDAY JAN :01 BOARD REPORT Analysis of School Food Service Operation For the Month Ended DECEMBER 2009 ******************* Current Month ******************* ******************* Year-To-Date ******************** Net Inc Avg Net Inc Avg Meals/ Meals/ Labor *********** Cost Per Meal *********** Labor *********** Cost Per Meal *********** Elementary: ADP % Part Hour Food Labor Oth Fix Oth Con Total % Part Hour Food Labor Oth Fix Oth Con Total ACWORTH $2, $17, Lunch % 18.0 $.920 $.972 $.380 $.120 $ % 18.0 $.977 $.930 $.390 $.158 $2.455 Breakfast % 24.4 $ % 29.6 $.623 ADDISON $4,562.17CR $25,224.13CR Lunch % 14.8 $1.009 $1.236 $.679 $.089 $ % 15.4 $.989 $1.104 $.707 $.146 $2.946 Breakfast % 44.3 $ % 24.9 $.609 ALICE M BIRNEY $ $7, Lunch % 15.4 $1.056 $1.081 $.484 $.145 $ % 16.3 $1.086 $.980 $.493 $.195 $2.754 Breakfast % 24.0 $ % 26.2 $.699 ARGYLE $27,905.77CR $21,660.21CR Lunch % 13.9 $1.155 $1.141 $3.642 $.134 $ % 16.4 $1.206 $.994 $1.057 $.171 $3.428 Breakfast % 24.0 $ % 29.3 $.697 AUSTELL $4, $14, Lunch % 17.3 $.913 $.992 $.421 $.121 $ % 16.4 $1.040 $.948 $.481 $.165 $2.634 Breakfast % 24.8 $ % 28.0 $.631 AUSTELL PRIMARY S $3,544.65CR $17,008.79CR Lunch % 15.8 $1.065 $1.248 $1.048 $.110 $ % 16.4 $1.062 $1.142 $1.103 $.185 $3.492 Breakfast % 24.7 $ % 26.8 $.668 BAKER $2,474.67CR $8,816.62CR Lunch % 15.4 $1.043 $1.037 $.459 $.090 $ % 17.6 $1.049 $.896 $.472 $.141 $2.558 Breakfast % 25.3 $ % 28.7 $.641 BELLS FERRY $1,985.81CR $13,956.83CR Lunch % 17.7 $1.065 $.978 $.560 $.137 $ % 17.7 $1.074 $.946 $.591 $.226 $2.837 Breakfast % 27.9 $ % 29.2 $.653 BELMONT HILLS $450.59CR $24, Lunch % 15.5 $1.679 $1.139 $.509 $.101 $ % 18.5 $1.124 $.921 $.539 $.195 $2.779 Breakfast % 43.8 $ % 33.4 $.619 BIG SHANTY $3,602.72CR $10,180.68CR Lunch % 15.8 $1.044 $1.120 $.443 $.121 $ % 18.7 $1.028 $.939 $.436 $.154 $2.557 Breakfast % 24.4 $ % 30.5 $.629 BLACKWELL $2,132.40CR $12,286.15CR Lunch % 17.0 $1.025 $1.081 $.486 $.086 $ % 18.2 $1.051 $1.001 $.507 $.152 $2.711 Breakfast % 25.9 $ % 28.2 $.677 BROWN $3,601.80CR $19,673.11CR Lunch % 14.9 $1.101 $1.329 $1.088 $.143 $ % 16.0 $1.147 $1.192 $1.098 $.180 $3.617 Breakfast % 24.5 $ % 29.1 $.659 BRUMBY $5, $33, Lunch % 20.6 $1.043 $.881 $.367 $.090 $ % 21.1 $1.092 $.820 $.383 $.153 $2.448 Breakfast % 29.3 $ % 33.8 $.708 BRYANT $2, $12, Lunch % 17.2 $1.104 $1.077 $.431 $.136 $ % 18.1 $1.159 $1.002 $.445 $.165 $2.771

40 Report: FSMSM0230 COBB COUNTY SCHOOL DISTRICT PAGE 2 Run: FRIDAY JAN :01 BOARD REPORT Analysis of School Food Service Operation For the Month Ended DECEMBER 2009 ******************* Current Month ******************* ******************* Year-To-Date ******************** Net Inc Avg Net Inc Avg Meals/ Meals/ Labor *********** Cost Per Meal *********** Labor *********** Cost Per Meal *********** Elementary: ADP % Part Hour Food Labor Oth Fix Oth Con Total % Part Hour Food Labor Oth Fix Oth Con Total Breakfast % 27.6 $ % 32.1 $.665 BULLARD $4,173.45CR $24,127.20CR Lunch % 17.0 $1.034 $1.062 $.366 $.067 $ % 17.5 $1.042 $.998 $.384 $.136 $2.560 Breakfast % % CHALKER $4,910.56CR $24,582.60CR Lunch % 14.5 $1.031 $1.201 $.447 $.188 $ % 15.9 $1.108 $1.080 $.470 $.184 $2.842 Breakfast % 40.9 $ % 44.3 $.397 CHEATHAM HILL $372.64CR $1,160.80CR Lunch % 18.6 $.921 $.953 $.354 $.071 $ % 20.1 $.980 $.871 $.364 $.164 $2.379 Breakfast % 22.9 $ % 29.8 $.663 CLARKDALE $489.13CR $19,326.87CR Lunch % $ % 14.2 $1.698 $.000 $1.698 Breakfast % % 32.7 $.760 CLAY $ $6, Lunch % 17.6 $1.053 $1.028 $.620 $.092 $ % 18.6 $1.103 $.945 $.625 $.165 $2.838 Breakfast % 27.3 $ % 34.5 $.607 COMPTON $2, $12, Lunch % 17.7 $1.020 $1.023 $.457 $.142 $ % 18.5 $1.073 $.973 $.539 $.161 $2.746 Breakfast % 27.4 $ % 31.0 $.669 DAVIS $6,686.56CR $39,093.72CR Lunch % 14.6 $1.035 $1.334 $.761 $.107 $ % 14.0 $1.069 $1.240 $.800 $.165 $3.274 Breakfast % % DOWELL $6, $45, Lunch % 18.6 $.862 $.929 $.334 $.062 $ % 20.1 $.913 $.849 $.344 $.157 $2.263 Breakfast % 26.7 $ % 31.1 $.621 DUE WEST $4,652.35CR $28,624.32CR Lunch % 16.4 $1.015 $1.010 $.668 $.111 $ % 16.0 $1.041 $.973 $.687 $.139 $2.840 Breakfast % % EAST SIDE $3,535.46CR $17,063.96CR Lunch % 18.7 $.975 $.825 $.358 $.153 $ % 19.3 $.963 $.868 $.382 $.140 $2.353 Breakfast % % EASTVALLEY $4,575.65CR $16,134.85CR Lunch % 14.5 $.949 $1.131 $.581 $.120 $ % 18.1 $1.017 $.920 $.582 $.132 $2.651 Breakfast % 18.7 $ % 27.3 $.670 FAIR OAKS $5, $46, Lunch % 18.0 $1.162 $.993 $.378 $.117 $ % 20.0 $1.117 $.861 $.390 $.160 $2.528 Breakfast % 32.9 $ % 35.9 $.626 FREY $6,267.80CR $30,648.28CR Lunch % 15.4 $1.145 $1.165 $.530 $.080 $ % 16.5 $1.095 $1.024 $.546 $.126 $2.791 Breakfast % % GARRISON MILL $5,282.56CR $31,166.48CR

41 Report: FSMSM0230 COBB COUNTY SCHOOL DISTRICT PAGE 3 Run: FRIDAY JAN :01 BOARD REPORT Analysis of School Food Service Operation For the Month Ended DECEMBER 2009 ******************* Current Month ******************* ******************* Year-To-Date ******************** Net Inc Avg Net Inc Avg Meals/ Meals/ Labor *********** Cost Per Meal *********** Labor *********** Cost Per Meal *********** Elementary: ADP % Part Hour Food Labor Oth Fix Oth Con Total % Part Hour Food Labor Oth Fix Oth Con Total Lunch % 16.4 $1.016 $1.101 $.496 $.074 $ % 17.7 $1.036 $.995 $.512 $.169 $2.712 Breakfast % % GEORGE R. FORD $5,899.87CR $37,078.56CR Lunch % 15.6 $1.020 $1.115 $.469 $.107 $ % 15.9 $1.035 $1.047 $.487 $.167 $2.736 Breakfast % 16.8 $ % 21.9 $.752 GREEN ACRES $5, $35, Lunch % 21.3 $.926 $.887 $.448 $.105 $ % 22.1 $1.052 $.822 $.463 $.127 $2.464 Breakfast % 28.5 $ % 35.1 $.683 HARMONY-LELAND $689.52CR $ Lunch % 16.0 $1.109 $1.077 $.602 $.137 $ % 18.1 $1.079 $.939 $.625 $.162 $2.805 Breakfast % 28.6 $ % 32.0 $.647 HAYES $4, $27, Lunch % 20.3 $.985 $.823 $.332 $.108 $ % 22.8 $1.034 $.757 $.340 $.156 $2.287 Breakfast % 25.5 $ % 31.8 $.740 HOLLYDALE $3, $19, Lunch % 18.2 $1.218 $.824 $.446 $.100 $ % 18.5 $1.210 $.828 $.463 $.167 $2.668 Breakfast % 36.2 $ % 33.8 $.680 KEHELEY $3,417.88CR $27,525.90CR Lunch % 18.6 $.931 $1.148 $.628 $.107 $ % 17.0 $1.074 $1.119 $.692 $.168 $3.053 Breakfast % 25.4 $ % 27.0 $.675 KEMP $5,761.44CR $27,329.28CR Lunch % 17.1 $1.126 $1.104 $.448 $.117 $ % 17.3 $.957 $1.079 $.488 $.139 $2.663 Breakfast % 28.6 $ % 26.2 $.631 KENNESAW $ $6,190.47CR Lunch % 18.3 $.846 $.966 $.437 $.089 $ % 18.7 $1.081 $.936 $.467 $.153 $2.637 Breakfast % 31.3 $ % 41.4 $.486 KINCAID $4,343.74CR $26,670.02CR Lunch % 14.5 $1.000 $1.156 $.547 $.101 $ % 16.0 $1.061 $.998 $.551 $.157 $2.767 Breakfast % % KING SPRINGS $1,488.24CR $7,275.43CR Lunch % 16.8 $1.044 $1.105 $.503 $.084 $ % 18.3 $1.018 $1.004 $.531 $.171 $2.724 Breakfast % 29.2 $ % 31.5 $.637 LABELLE $2,506.71CR $4,184.63CR Lunch % 15.2 $1.295 $1.146 $.666 $.158 $ % 16.6 $1.143 $1.009 $.671 $.169 $2.992 Breakfast % 28.3 $ % 27.6 $.692 LEWIS $3,185.73CR $15,257.61CR Lunch % 16.7 $1.075 $1.046 $.417 $.091 $ % 17.9 $1.108 $.947 $.427 $.144 $2.626 Breakfast % 26.3 $ % 29.6 $.670 MABLETON $3,012.54CR $10,912.51CR Lunch % 17.7 $.955 $1.120 $.806 $.158 $ % 16.9 $1.046 $1.027 $.810 $.165 $3.048 Breakfast % 21.7 $ % 24.7 $.751

42 Report: FSMSM0230 COBB COUNTY SCHOOL DISTRICT PAGE 4 Run: FRIDAY JAN :01 BOARD REPORT Analysis of School Food Service Operation For the Month Ended DECEMBER 2009 ******************* Current Month ******************* ******************* Year-To-Date ******************** Net Inc Avg Net Inc Avg Meals/ Meals/ Labor *********** Cost Per Meal *********** Labor *********** Cost Per Meal *********** Elementary: ADP % Part Hour Food Labor Oth Fix Oth Con Total % Part Hour Food Labor Oth Fix Oth Con Total MCCALL PRIMARY SC $2,321.66CR $12,414.76CR Lunch % 16.6 $1.063 $1.114 $.727 $.166 $ % 17.3 $1.128 $1.021 $.781 $.144 $3.074 Breakfast % 29.3 $ % 36.2 $.539 MILFORD $2, $19, Lunch % 15.5 $1.033 $1.027 $.497 $.093 $ % 17.6 $1.075 $.909 $.502 $.167 $2.653 Breakfast % 23.4 $ % 28.3 $.678 MOUNTAIN VIEW $3,579.81CR $19,443.99CR Lunch % 17.1 $.901 $1.062 $.483 $.101 $ % 17.7 $.917 $.975 $.492 $.128 $2.512 Breakfast % % MT. BETHEL $3,150.13CR $10,967.06CR Lunch % 20.9 $.892 $.900 $.424 $.066 $ % 21.0 $.856 $.853 $.450 $.117 $2.276 Breakfast % % MURDOCK $4,768.08CR $31,050.16CR Lunch % 16.6 $.940 $1.124 $.450 $.097 $ % 16.6 $1.005 $1.076 $.482 $.151 $2.714 Breakfast % % NICHOLSON $6,570.02CR $26,803.98CR Lunch % 14.7 $1.131 $1.332 $.676 $.298 $ % 16.5 $1.126 $1.131 $.690 $.218 $3.165 Breakfast % 21.7 $ % 27.7 $.672 NICKAJACK $ $1, Lunch % 20.8 $1.003 $.920 $.531 $.102 $ % 21.2 $1.087 $.859 $.545 $.170 $2.661 Breakfast % 32.5 $ % 37.2 $.675 NORTON PARK $ $17, Lunch % 16.6 $1.083 $1.081 $.485 $.235 $ % 16.7 $1.059 $.978 $.492 $.213 $2.742 Breakfast % 27.0 $ % 27.8 $.645 PICKETT'S MILL $2,932.73CR $25,401.71CR Lunch % 15.4 $.938 $1.037 $.478 $.084 $ % 15.9 $.999 $1.017 $.510 $.126 $2.652 Breakfast % % PITNER $984.74CR $3, Lunch % 16.9 $1.159 $1.035 $.386 $.099 $ % 18.7 $1.114 $.926 $.400 $.163 $2.603 Breakfast % 29.7 $ % 33.6 $.619 POWDER SPRINGS $2, $22, Lunch % 19.5 $1.016 $.933 $.391 $.108 $ % 20.2 $1.052 $.871 $.409 $.151 $2.483 Breakfast % 30.8 $ % 34.1 $.652 POWERS FERRY $226.23CR $6, Lunch % 16.4 $1.170 $1.107 $.679 $.113 $ % 18.4 $1.142 $.954 $.685 $.172 $2.953 Breakfast % 31.3 $ % 34.2 $.634 RICHARD B RUSSELL $2, $12, Lunch % 19.1 $.986 $1.008 $.470 $.128 $ % 19.2 $1.058 $.956 $.497 $.176 $2.687 Breakfast % 28.3 $ % 32.2 $.665 RIVERSIDE $8, $53, Lunch % 22.0 $.925 $.781 $.401 $.143 $ % 21.8 $1.052 $.759 $.412 $.189 $2.412 Breakfast % 28.3 $ % 37.0 $.632

43 Report: FSMSM0230 COBB COUNTY SCHOOL DISTRICT PAGE 5 Run: FRIDAY JAN :01 BOARD REPORT Analysis of School Food Service Operation For the Month Ended DECEMBER 2009 ******************* Current Month ******************* ******************* Year-To-Date ******************** Net Inc Avg Net Inc Avg Meals/ Meals/ Labor *********** Cost Per Meal *********** Labor *********** Cost Per Meal *********** Elementary: ADP % Part Hour Food Labor Oth Fix Oth Con Total % Part Hour Food Labor Oth Fix Oth Con Total RIVERSIDE PRIMARY $ $2,856.37CR Lunch % 18.3 $.857 $.954 $.772 $.113 $ % 18.0 $1.085 $1.024 $.791 $.203 $3.103 Breakfast % 21.7 $ % 26.6 $.748 ROCKY MOUNTAIN $5,993.80CR $35,571.47CR Lunch % 15.3 $.981 $1.269 $.667 $.174 $ % 14.8 $.977 $1.227 $.699 $.183 $3.086 Breakfast % % SANDERS $7, $35, Lunch % 18.9 $.853 $.906 $.375 $.103 $ % 19.2 $1.091 $.887 $.385 $.172 $2.535 Breakfast % 23.8 $ % 32.9 $.659 SEDALIA PARK $134.59CR $1,554.49CR Lunch % 16.2 $.985 $1.108 $.498 $.146 $ % 16.3 $1.057 $1.048 $.520 $.166 $2.791 Breakfast % 29.9 $ % 31.7 $.583 SHALLOWFORD FALLS $6,333.87CR $27,429.03CR Lunch % 16.2 $1.011 $1.092 $.508 $.106 $ % 16.6 $1.008 $.949 $.520 $.150 $2.627 Breakfast % % SKY VIEW $2,818.68CR $11,956.22CR Lunch % 15.9 $1.071 $1.275 $.793 $.072 $ % 16.2 $1.115 $1.202 $.807 $.181 $3.305 Breakfast % 23.4 $ % 28.9 $.637 SOPE CREEK $3,160.23CR $19,200.71CR Lunch % 17.4 $.872 $1.032 $.349 $.118 $ % 18.8 $.970 $.908 $.350 $.128 $2.356 Breakfast % % STILL $1,535.64CR $11,493.76CR Lunch % 18.5 $.936 $.945 $.473 $.074 $ % 18.6 $.950 $.906 $.490 $.142 $2.488 Breakfast % 27.6 $ % 28.7 $.615 TEASLEY $5,900.38CR $32,574.67CR Lunch % 13.7 $.985 $1.311 $.576 $.143 $ % 14.6 $1.076 $1.248 $.605 $.168 $3.097 Breakfast % 18.8 $ % 24.1 $.719 TIMBER RIDGE $6,091.33CR $32,581.28CR Lunch % 13.6 $1.010 $1.125 $.677 $.133 $ % 15.4 $.954 $1.063 $.705 $.159 $2.881 Breakfast % % TRITT $4,216.88CR $23,278.88CR Lunch % 18.1 $.937 $1.031 $.424 $.099 $ % 18.6 $.956 $.960 $.445 $.125 $2.486 Breakfast % % VARNER $1,016.49CR $2,625.00CR Lunch % 18.4 $.959 $.959 $.400 $.105 $ % 18.5 $.990 $.917 $.426 $.151 $2.484 Breakfast % 23.9 $ % 27.7 $.660 VAUGHAN $6,375.41CR $26,482.86CR Lunch % 15.5 $.990 $1.151 $.480 $.174 $ % 16.7 $.956 $1.002 $.485 $.155 $2.598 Breakfast % % Elementary Average $121,057.20CR (Total Net Income - Current Month) $401,500.68CR (Total Net Income - YTD) Lunch % 17.1 $1.018 $1.035 $.533 $.115 $ % 18.0 $1.048 $.950 $.513 $.159 $2.670

44 Report: FSMSM0230 COBB COUNTY SCHOOL DISTRICT PAGE 6 Run: FRIDAY JAN :01 BOARD REPORT Analysis of School Food Service Operation For the Month Ended DECEMBER 2009 ******************* Current Month ******************* ******************* Year-To-Date ******************** Net Inc Avg Net Inc Avg Meals/ Meals/ Labor *********** Cost Per Meal *********** Labor *********** Cost Per Meal *********** Elementary: ADP % Part Hour Food Labor Oth Fix Oth Con Total % Part Hour Food Labor Oth Fix Oth Con Total Breakfast % 26.0 $ % 29.5 $.653

45 Report: FSMSM0230 COBB COUNTY SCHOOL DISTRICT PAGE 7 Run: FRIDAY JAN :01 BOARD REPORT Analysis of School Food Service Operation For the Month Ended DECEMBER 2009 ******************* Current Month ******************* ******************* Year-To-Date ******************** Net Inc Avg Net Inc Avg Meals/ Meals/ Labor *********** Cost Per Meal *********** Labor *********** Cost Per Meal *********** Middle: ADP % Part Hour Food Labor Oth Fix Oth Con Total % Part Hour Food Labor Oth Fix Oth Con Total AWTREY $454.13CR $4,393.34CR Lunch % 17.1 $1.002 $1.079 $.354 $.066 $ % 18.0 $1.072 $.977 $.353 $.146 $2.548 Breakfast % 29.6 $ % 36.5 $.529 BARBER $ $8, Lunch % 16.0 $1.059 $1.043 $.331 $.111 $ % 17.7 $1.052 $.916 $.329 $.155 $2.452 Breakfast % 28.3 $ % 30.4 $.613 CAMPBELL $ $16, Lunch % 15.6 $1.321 $1.116 $.328 $.115 $ % 17.2 $1.256 $.999 $.326 $.157 $2.738 Breakfast % 28.2 $ % 30.7 $.707 COOPER $1, $16, Lunch % 18.6 $1.056 $.942 $.383 $.072 $ % 19.5 $1.093 $.868 $.392 $.152 $2.505 Breakfast % 25.3 $ % 29.1 $.732 DICKERSON $3,753.69CR $14,384.70CR Lunch % 16.0 $1.026 $1.051 $.295 $.083 $ % 17.6 $1.019 $.924 $.300 $.102 $2.345 Breakfast % % DODGEN $6,158.09CR $11,473.47CR Lunch % 15.8 $1.176 $1.066 $.291 $.089 $ % 17.4 $.982 $.935 $.289 $.133 $2.339 Breakfast % % DURHAM $1,597.98CR $7,133.29CR Lunch % 16.5 $.920 $1.071 $.314 $.071 $ % 18.2 $.943 $.942 $.318 $.111 $2.314 Breakfast % % EAST COBB $4, $23, Lunch % 15.8 $.995 $.993 $.293 $.126 $ % 16.7 $1.186 $.886 $.289 $.134 $2.495 Breakfast % 20.7 $ % 27.3 $.727 FLOYD $9, $21, Lunch % 21.6 $.644 $.773 $.399 $.151 $ % 17.9 $1.203 $.887 $.398 $.187 $2.675 Breakfast % 18.6 $ % 30.9 $.685 GARRETT $5, $23, Lunch % 16.7 $1.030 $1.006 $.346 $.112 $ % 16.7 $1.071 $.961 $.360 $.183 $2.575 Breakfast % 23.4 $ % 26.2 $.684 GRIFFIN $3, $19, Lunch % 17.9 $1.148 $.965 $.376 $.115 $ % 18.9 $1.173 $.963 $.368 $.153 $2.657 Breakfast % 29.1 $ % 32.6 $.682 HIGHTOWER TRAIL $4,582.57CR $30,988.06CR Lunch % 14.5 $.998 $1.241 $.333 $.089 $ % 15.7 $1.070 $1.098 $.332 $.122 $2.622 Breakfast % % J J DANIELL $2, $15, Lunch % 17.3 $1.107 $.961 $.318 $.127 $ % 18.7 $1.098 $.876 $.322 $.153 $2.449 Breakfast % 31.1 $ % 33.9 $.608 LINDLEY $3, $35, Lunch % 16.3 $1.168 $.991 $.413 $.136 $ % 18.3 $1.084 $.834 $.410 $.155 $2.483

46 Report: FSMSM0230 COBB COUNTY SCHOOL DISTRICT PAGE 8 Run: FRIDAY JAN :01 BOARD REPORT Analysis of School Food Service Operation For the Month Ended DECEMBER 2009 ******************* Current Month ******************* ******************* Year-To-Date ******************** Net Inc Avg Net Inc Avg Meals/ Meals/ Labor *********** Cost Per Meal *********** Labor *********** Cost Per Meal *********** Middle: ADP % Part Hour Food Labor Oth Fix Oth Con Total % Part Hour Food Labor Oth Fix Oth Con Total Breakfast % 28.7 $ % 30.2 $.660 LINDLEY 6TH GRADE $42,547.68CR $39,369.06CR Lunch % 18.7 $.924 $.942 $7.692 $.109 $ % 18.8 $1.064 $.936 $1.851 $.208 $4.059 Breakfast % 25.1 $ % 33.2 $.600 LOST MOUNTAIN $ $4,703.33CR Lunch % 14.9 $.895 $1.032 $.254 $.093 $ % 16.3 $.953 $.931 $.264 $.139 $2.287 Breakfast % % LOVINGGOOD $416.99CR $6,789.40CR Lunch % 15.8 $.896 $1.032 $.244 $.082 $ % 16.4 $.989 $.948 $.246 $.143 $2.326 Breakfast % 21.1 $ % 23.2 $.699 MABRY $1,625.17CR $13,245.27CR Lunch % 16.7 $1.037 $.999 $.340 $.073 $ % 17.9 $1.042 $.912 $.335 $.148 $2.437 Breakfast % % MCCLESKEY $2,511.83CR $7,949.80CR Lunch % 15.3 $1.113 $1.113 $.376 $.119 $ % 16.5 $1.041 $.984 $.388 $.161 $2.574 Breakfast % 25.5 $ % 25.6 $.673 MCCLURE $443.73CR $3,808.40CR Lunch % 16.1 $1.072 $1.012 $.263 $.050 $ % 17.3 $1.076 $.911 $.264 $.115 $2.366 Breakfast % % PALMER $2, $13, Lunch % 17.3 $.937 $.989 $.306 $.081 $ % 20.0 $1.060 $.809 $.303 $.157 $2.329 Breakfast % 25.2 $ % 31.9 $.665 PINE MTN. $1,204.96CR $2,692.97CR Lunch % 14.6 $.965 $1.114 $.384 $.086 $ % 16.5 $1.020 $.974 $.390 $.146 $2.530 Breakfast % 17.2 $ % 22.9 $.733 SIMPSON $2,030.73CR $15,842.89CR Lunch % 15.6 $.904 $1.082 $.316 $.098 $ % 17.0 $.999 $.951 $.316 $.153 $2.419 Breakfast % % SMITHA $ $11, Lunch % 15.1 $1.133 $1.199 $.356 $.089 $ % 16.1 $1.159 $1.083 $.361 $.156 $2.759 Breakfast % 26.6 $ % 29.6 $.631 TAPP $75.66 $1, Lunch % 19.2 $1.296 $1.073 $.457 $.098 $ % 18.2 $1.223 $.955 $.467 $.155 $2.800 Breakfast % 38.3 $ % 36.0 $.617 Middle Average $33,123.57CR (Total Net Income - Current Month) $44, (Total Net Income - YTD) Lunch % 16.4 $1.031 $1.036 $.462 $.096 $ % 17.5 $1.072 $.934 $.358 $.146 $2.510 Breakfast % 24.2 $ % 28.3 $.667

47 Report: FSMSM0230 COBB COUNTY SCHOOL DISTRICT PAGE 9 Run: FRIDAY JAN :01 BOARD REPORT Analysis of School Food Service Operation For the Month Ended DECEMBER 2009 ******************* Current Month ******************* ******************* Year-To-Date ******************** Net Inc Avg Net Inc Avg Meals/ Meals/ Labor *********** Cost Per Meal *********** Labor *********** Cost Per Meal *********** High: ADP % Part Hour Food Labor Oth Fix Oth Con Total % Part Hour Food Labor Oth Fix Oth Con Total ALLATOONA $1, $25, Lunch % 16.9 $.972 $.912 $.215 $.098 $ % 19.3 $.993 $.755 $.192 $.100 $2.040 Breakfast % % CAMPBELL $9, $66, Lunch 1, % 16.5 $1.052 $1.051 $.234 $.155 $ % 17.8 $1.107 $.862 $.193 $.181 $2.343 Breakfast % 24.6 $ % 31.3 $.629 HARRISON $7, $78, Lunch % 17.9 $.856 $.883 $.151 $.061 $ % 22.1 $.876 $.695 $.131 $.077 $1.779 Breakfast % % HILLGROVE $10, $83, Lunch % 19.9 $.907 $.822 $.160 $.041 $ % 23.3 $.949 $.674 $.134 $.069 $1.826 Breakfast % % KELL $1,661.68CR $23, Lunch % 14.6 $.982 $1.143 $.217 $.056 $ % 18.0 $1.029 $.884 $.174 $.089 $2.176 Breakfast % % KENNESAW MOUNTAIN $6, $66, Lunch % 16.4 $.911 $1.017 $.148 $.064 $ % 20.1 $.940 $.804 $.126 $.092 $1.962 Breakfast % % LASSITER $2,022.42CR $19, Lunch % 14.5 $.883 $1.165 $.243 $.042 $ % 18.6 $.941 $.869 $.192 $.077 $2.079 Breakfast % % MCEACHERN $9, $76, Lunch % 16.7 $.884 $1.003 $.187 $.100 $ % 18.9 $.967 $.842 $.160 $.104 $2.073 Breakfast % 22.7 $ % 29.2 $.624 NORTH COBB $15, $116, Lunch 1, % 19.6 $.845 $.870 $.145 $.045 $ % 23.6 $.947 $.693 $.124 $.084 $1.848 Breakfast % % OSBORNE $4, $50, Lunch % 12.7 $.930 $1.250 $.294 $.107 $ % 15.9 $1.121 $.927 $.231 $.125 $2.404 Breakfast % 16.3 $ % 25.6 $.700 PEBBLEBROOK $5, $59, Lunch 1, % 14.2 $1.085 $1.171 $.233 $.143 $ % 16.6 $1.143 $.948 $.197 $.128 $2.416 Breakfast % 25.9 $ % 34.0 $.557 POPE $1,898.38CR $8, Lunch % 14.6 $.854 $1.164 $.205 $.099 $ % 18.9 $.972 $.877 $.163 $.108 $2.120 Breakfast % % SOUTH COBB $3,082.89CR $53, Lunch % 14.4 $1.178 $1.098 $.215 $.230 $ % 18.3 $1.082 $.842 $.179 $.134 $2.237 Breakfast % 30.0 $ % 32.7 $.607 SPRAYBERRY $4,674.12CR $13, Lunch % 13.8 $1.165 $1.131 $.260 $.063 $ % 17.9 $1.066 $.860 $.213 $.098 $2.237

48 Report: FSMSM0230 COBB COUNTY SCHOOL DISTRICT PAGE 10 Run: FRIDAY JAN :01 BOARD REPORT Analysis of School Food Service Operation For the Month Ended DECEMBER 2009 ******************* Current Month ******************* ******************* Year-To-Date ******************** Net Inc Avg Net Inc Avg Meals/ Meals/ Labor *********** Cost Per Meal *********** Labor *********** Cost Per Meal *********** High: ADP % Part Hour Food Labor Oth Fix Oth Con Total % Part Hour Food Labor Oth Fix Oth Con Total Breakfast % % WALTON $ $66, Lunch % 16.8 $.959 $.977 $.208 $.042 $ % 24.0 $.931 $.667 $.152 $.059 $1.809 Breakfast % % WHEELER $1, $41, Lunch % 14.9 $.929 $1.108 $.264 $.076 $ % 18.8 $.954 $.844 $.218 $.122 $2.138 Breakfast % 27.3 $ % 35.5 $.505 High Average $57, (Total Net Income - Current Month) $846, (Total Net Income - YTD) Lunch % 16.0 $.952 $1.030 $.203 $.086 $ % 19.6 $.992 $.804 $.168 $.100 $2.064 Breakfast % 24.0 $ % 31.4 $.609

49 Report: FSMSM0230 COBB COUNTY SCHOOL DISTRICT PAGE 11 Run: FRIDAY JAN :01 BOARD REPORT Analysis of School Food Service Operation For the Month Ended DECEMBER 2009 ******************* Current Month ******************* ******************* Year-To-Date ******************** Net Inc Avg Net Inc Avg Meals/ Meals/ Labor *********** Cost Per Meal *********** Labor *********** Cost Per Meal *********** Other: ADP % Part Hour Food Labor Oth Fix Oth Con Total % Part Hour Food Labor Oth Fix Oth Con Total CENTRAL ACCOUNT $1, $8, Lunch % $.000 % $.000 $.000 Breakfast % % EQUIPMENT RESERVE $4, $55,907.19CR Lunch % $.000 % $.000 $.000 Breakfast % % MARKETING Lunch % $.000 % $.000 $.000 Breakfast % % MISCELLANEOUS - C Lunch % $.000 % $.000 $.000 Breakfast % % REIMBURSEMENT CLE Lunch % $.000 % $.000 $.000 Breakfast % % STAFF DEVELOPMENT Lunch % $.000 % $.000 $.000 Breakfast % % WAREHOUSE - FOOD $64,333.31CR $49, Lunch % $.000 % $.000 $.000 Breakfast % % Other Average $58,047.85CR (Total Net Income - Current Month) $2, (Total Net Income - YTD) Lunch % $.000 % $.000 $.000 Breakfast % %

50 Report: FSMSM0230 COBB COUNTY SCHOOL DISTRICT PAGE 12 Run: FRIDAY JAN :01 BOARD REPORT Analysis of School Food Service Operation For the Month Ended DECEMBER 2009 ******************* Current Month ******************* ******************* Year-To-Date ******************** Net Inc Avg Net Inc Avg Meals/ Meals/ Labor *********** Cost Per Meal *********** Labor *********** Cost Per Meal *********** Other: ADP % Part Hour Food Labor Oth Fix Oth Con Total % Part Hour Food Labor Oth Fix Oth Con Total System Average $154,422.48CR (Total Net Income - Current Month) $492, (Total Net Incoome - YTD) Lunch % 16.6 $1.002 $1.032 $.417 $.101 $ % 18.4 $1.036 $.899 $.361 $.136 $2.432 Breakfast % 24.7 $ % 29.4 $.652

51 CAPITAL PROJECTS

52 BOARD INFORMATION DATE: February 3, 2010 TOPIC: DIVISION: CONTACTS: CAPITAL PROJECT Funds Report: SPLOST 2, SPLOST 3 and County Wide Building Fund Financial Services Mike Addison, Chief Financial Officer Bonnie Tedder, Capital Projects Finance Manager This report includes financial information for these multi-year programs for the second quarter of fiscal year SPLOST 2 FUND: Exhibit A is a review of the SPLOST 2 revenues through December The final sales tax collections were received in February The total actual final receipts for SPLOST 2 of $613,719,676 were short of the projected revenues of $636,504,317 by -$22,784,642 for a variance of -3.6%. Exhibit B is a graphic presentation of actual dollar expenditures by category through December Exhibit C consists of two pages, which include a graphic illustration and a narrative analysis of the highlighted activities through December It shows the percentages of funds expended, encumbered and uncommitted. Exhibit D is the SPLOST 2 Contingency Report. The report reflects the transfer of funds in and out of the fund contingency account during the period between October 1, 2009 and December 31, SPLOST 3 FUND: SPLOST 3 sales tax collections began January 1, 2009, and the first revenues were received in March Exhibit A is a review of the SPLOST 3 revenues through December 31, Revenue collections for SPLOST 3 of $94,128,180 are 21.8% lower than the projected revenue of $120,296,460 through the second quarter of fiscal year Exhibit B is a graphic presentation of actual dollar expenditures by category through December Exhibit C consists of two pages, which include a graphic illustration and a narrative analysis of the highlighted activities through December It shows the percentages of funds expended, encumbered and uncommitted. Exhibit D is the SPLOST 3 Contingency Report. The report reflects the transfer of funds in and out of the fund contingency account during the period between October 1, 2009 and December 31, COUNTY WIDE BUILDING FUND: The report includes a summary by expense category and a Contingency Report for the County Wide Building Fund for period ending December 31, CONSOLIDATED MANAGEMENT REPORTS The SPLOST reports include a Consolidated Management Report Summary with revenues reported first and expenditures reported by major categories.

53 CAPITAL PROJECTS SPLOST 2

54 SPLOST 2 SALES TAX REVENUES (IN MILLIONS) (IN DOLLARS) MONTH PROJECTED ACTUAL OVER / UNDER % CHANGE BUDGET 2004 TOTALS 92,574,567 96,300,833 3,726, % 2005 TOTALS 118,468, ,563,579 (2,904,470) -2.5% 2006 TOTALS 125,576, ,370,443 3,794, % 2007 TOTALS 133,110, ,634,641 (2,476,060) -1.9% 2008 TOTALS 141,097, ,341,129 (19,756,213) -14.0% 2009 TOTALS 25,677,527 20,509,050 (5,168,477) -20.1% INCEPTION TO DATE 636,504, ,719,675 (22,784,642) -3.6% On September 16, 2003, Cobb County residents voted to renew the Special Purpose Local Option Sales Tax (SPLOST) for five more years. Tax collections began on January 1, 2004, and the first payment was received in March Total SPLOST 2 receipts in the amount of $613,719,675 were less than the projected revenues of $636,504,317 by $22,784,642, which is a variance of -3.6%. Collections for SPLOST 2 ended in December 2008 and the last revenues were received in February Projected Actual Five Year Projection $636,504,317 (at 10% Growth)