Board Finance Committee. September 18, 2017

Transcription

1 Board Finance Committee September 18, 2017

2 Table of Contents 1) FY17 Financial Statements (as of June 30, 2017) 2) FY17-4th Quarter Investment Report 3) FIRST Report Summary 4) Enrollment Update 5) One-Time Stipend for Employees - Discussion 6) Travel Report Superintendent/BOT 7) Finance Committee Calendar - Review 8) Administrator's Reference Guide

3 As of EL PASO ISD STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL - GENERAL FUND FOR THE YEAR ENDED JUNE 30, 2017 EXHIBIT G-1 Data Control Codes Original Budgeted Amounts Final Actual Amounts (GAAP BASIS) Variance With Final Budget Positive or (Negative) REVENUES: 5700 Total Local and Intermediate Sources $ 172,687,789 $ 172,687,789 $ 172,660,916 $ (26,873) 5800 State Program Revenues 309,110, ,080, ,700, , Federal Program Revenues 15,875,000 17,473,941 14,315,252 (3,158,689) 5020 Total Revenues 497,673, ,242, ,677,103 (2,565,148) EXPENDITURES: Current: 0011 Instruction 0012 Instructional Resources and Media Services 0013 Curriculum and Instructional Staff Development 0021 Instructional Leadership 0023 School Leadership 0031 Guidance, Counseling and Evaluation Services 0032 Social Work Services 0033 Health Services 0034 Student (Pupil) Transportation 0036 Extracurricular Activities 0041 General Administration 0051 Facilities Maintenance and Operations 0052 Security and Monitoring Services 0053 Data Processing Services 0061 Community Services Debt Service: 0071 Principal on Long Term Debt 0072 Interest on Long Term Debt 0073 Bond Issuance Cost and Fees Capital Outlay: 0081 Facilities Acquisition and Construction Intergovernmental: 0099 Other Intergovernmental Charges 284,504, ,695, ,320,078 (624,208) 9,917,223 10,047,758 10,184,688 (136,930) 20,539,238 18,700,695 18,023, ,690 4,092,594 4,217,488 4,078, ,187 36,205,304 37,134,746 37,677,651 (542,905) 18,980,776 18,965,399 19,364,960 (399,561) 4,060,352 4,159,497 3,868, ,946 6,481,818 6,766,611 6,639, ,959 16,322,309 17,977,094 15,521,252 2,455,842 12,582,985 12,934,605 12,583, ,287 11,772,586 12,642,527 12,019, ,295 53,321,584 56,605,154 51,326,994 5,278,160 5,687,064 6,310,349 6,204, ,620 6,364,023 7,996,507 5,805,801 2,190,706 35, ,974 71,038 80, , , , , , , ,000 2,000 1, ,806,885 7,676,429 3,521,285 4,155,144 2,704,854 2,704,854 2,589, , Total Expenditures 496,989, ,296, ,408,367 14,888, Excess (Deficiency) of Revenues Over (Under) Expenditures OTHER FINANCING SOURCES (USES): 8911 Transfers Out (Use) 684,059 (18,054,402) (5,731,264) 12,323,138 (684,059) (684,059) (684,059) Net Change in Fund Balances - (18,738,461) (6,415,323) 12,323, Fund Balance - July 1 (Beginning) 121,837, ,837, ,837, Fund Balance - June 30 (Ending) $ 121,837,841 $ 103,099,380 $ 115,422,518 $ 12,323,138 2

4 El Paso ISD General Fund Revenues Forecast for FY-2017 on 9/12/17 FY 2017 FY 2017 Forecast Forecast Variance Pcnt Amend.Budget 06/30/17 Revenue GF Revenue Act v Bud Var Local Revenue Taxes, Current Year 165,104, ,704, ,704, , % Taxes, Prior Years 2,878, , ,000 1,590,358 (1,288,385) 55.24% Taxes, Pen & Interest 1,354,702 1,224,700-1,224,700 (130,002) 90.40% Tuition 600, , ,432 41, % Investment earnings 350, , , , % Building Rent 75, , ,831 46, % Insurance Recovery Transportation Revenue 50,000 82,352-82,352 32, % Miscellaneous Revenue 1,000,000 1,111,639-1,111, , % Athletic Revenue 475, , ,051 32, % Extracurricular 800, , ,659 (5,341) 99.33% Sub Total Local 172,687, ,060, , ,660,916 (26,873) 99.98% State Revenue State Funding 284,906, ,686,217 (3,237,025) 284,449,192 (456,829) 99.84% Misc. State 174, , ,579 28, % TRS On-Behalf 24,000,000 25,049,164-25,049,164 1,049, % Sub Total State 309,080, ,937,960 (3,237,025) 309,700, , % Federal Revenue ROTC 575, , ,582 (14,418) 97.49% Indirect Costs 800, , ,194 82, % Shars Medicare 10,500,000 9,718,615-9,718,615 (781,385) 92.56% Impact Aid 4,000,000 3,153,861-3,153,861 (846,139) 78.85% E - Rate 1,598, (1,598,941) 0.00% Sub Total Federal 17,473,941 14,315,252-14,315,252 (3,158,689) 81.92% Total Revenue 499,242, ,314,128 (2,637,025) 496,677,103 (2,565,148) 99.49% FY-2017 FY 2017 FY 2017 Forecast Forecast Variance Pcnt Summary: Amend.Budget 06/30/17 Revenue GF Revenue Act v Bud Var Local 172,687, ,060, , ,660,916 (26,873) 99.98% State 309,080, ,937,960 (3,237,025) 309,700, , % Federal 17,473,941 14,315,252-14,315,252 (3,158,689) 81.92% Total 499,242, ,314,128 (2,637,025) 496,677,103 (2,565,148) 99.49% 3

5 EPISD Fiscal Year 2017 Food Service, Debt Service, Capital Projects, Internal Service Funds Fund Balance Report for the period ending Food Service Funds Total NBLP Summer Feeding Food Service Revenues $ 32,715,710 $ 702,116 $ 33,417,826 Expenses (33,316,417) (504,602) (33,821,018) Revenue Over/(Under) Expenses $ (600,707) $ 197,515 $ (403,192) Transfer In / (Out) 1,500,000 (1,500,000) - Beg. fund balance on ,964,858 1,901,839 3,866,697 Ending Fund Balance $ 2,864,151 $ 599,354 $ 3,463,505 Debt Service Funds Sinking Fund Debt Service Revenues $ 229,795 $ 33,186,663 Expenses - (32,070,261) Revenue Over/(Under) Expenses $ 229,795 $ 1,116,403 Transfer In / (Out) 684, Beg. fund balance on ,487,985 27,849,864 Ending Fund Balance $ 6,401,840 $ 28,966,509 Capital Project Funds Bond 2016 Bond Revenues $ 523,602 $ 857,957 Expenses (5,159,057) (2,202,225) Revenue Over/(Under) Expenses $ (4,635,455) $ (1,344,267) Beginning Fund Balance ,537, ,000,000 Ending Fund Balance $ 57,901,987 $ 198,655,733 Assigned or Committed Funds (53,645,582) (28,868,783) Ending Available Balance $ 4,256,405 $ 169,786,949 Internal Service Funds Print Shop Workers Comp. Clinics Revenues $ 866,244 $ 2,422,781 $ 794,652 Expenses (788,194) (3,635,266) (568,934) Revenue Over/(Under) Expenses $ 78,049 $ (1,212,485) $ 225,718 Beg. fund balance on ,734 4,035, ,862 Ending Fund Balance $ 326,783 $ 2,822,680 $ 654,580 4

6 EL PASO INDEPENDENT SCHOOL DISTRICT SUMMARY OF INVESTMENTS June 30, 2017 EL PASO INDEPENDENT SCHOOL DISTRICT BOOK MARKET BOOK MARKET CURRENT CURRENT YEAR-TO-DATE YEAR FUND VALUE VALUE VALUE VALUE MONTH MONTH INTEREST TO DATE 3/31/2017 3/31/2017 6/30/2017 6/30/2017 INTEREST YIELD REVENUE YIELD * GENERAL FUND Investment Pools - Liquid $ 116,248, ,257,101 69,756,830 69,758,353 63, % 791, % Investment Pools - TERM $ 12,045,779 12,046,512 10,090,728 10,089,967 9, % 106, % Securities/Agencies % 4, % Subtotals: $ 128,294, ,303,613 79,847,558 79,848,320 72, % 901, % DEBT SERVICE FUND Investment Pools - Liquid $ 27,227,147 27,228,733 25,941,193 25,941,749 23, % 176, % Investment Pools - TERM $ 1,000,000 1,000,061 3,008,023 3,007,797 3, % 12, % Securities/Agencies % 10, % Subtotals: $ 28,227,147 28,228,794 28,949,216 28,949,546 26, % 198, % CAPITAL PROJECTS FUND Investment Pools - Liquid $ 248,712, ,741, ,989, ,020, , % 466, % Investment Pools - TERM $ 12,015,166 12,015,897 10,066,394 10,065,635 10, % 171, % Securities/Agencies % 15, % Coll. Money Market Account % 726, % Subtotals: $ 260,727, ,757, ,056, ,086, , % 1,380, % INTERNAL SERVICE FUNDS Investment Pools - Liquid $ 3,494,745 3,495,209 7,449,554 7,449,915 3, % 32, % Securities/Agencies $ 3,860,913 3,867,371 3,849,062 3,852,029 4, % 63, % Subtotals: $ 7,355,658 7,362,580 11,298,616 11,301,944 8, % 96, % GRAND TOTALS: $ 424,604, ,652, ,151, ,186, , % 2,576, % * Expressed as an annual yield 5

7 U.S. Treasury Yield Curves 5.5% 5.0% 4.5% 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% 3 MO 1 YR 2 YR 5 YR 10 YR 30 YR Jun % 4.96% 4.98% 5.03% 5.10% 5.20% Jun % 2.42% 2.77% 3.49% 4.10% 4.69% Jun % 0.55% 0.73% 1.17% 1.64% 2.45% Jun % 1.20% 1.34% 1.77% 2.19% 2.80% 6

8 $7,694,326 $3,398,732 $2,065,844 $1,771,329 $4,628,619 $10,150,956 $11,946,852 $12,003,907 $9,149,436 $2,320,683 $680,190 $572,006 $542,982 $378,423 $319,340 $789,203 $2,576,741 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $- Historical Interest Earnings per Fiscal Year (All Funds)

9 FY-2017 Interest Revenue per Fund $1,600,000 $1,400,000 $1,380,007 $1,200,000 $1,000,000 $901,722 $800,000 $600,000 $400,000 $200,000 $198,727 $96,284 $0 General Fund Debt Service Fund Capital Projects Fund Internal Service Funds 8

10 1.40% Investment Yields 1.22% 1.25% 1.20% 1.13% 1.05% 1.06% 1.00% 0.89% 0.92% 0.98% 0.80% 0.74% 0.76% 0.77% 0.81% 0.60% 0.61% 0.66% 0.40% 0.20% 0.00% Jul 16 Aug 16 Sep 16 Oct 16 Nov 16 Dec 16 Jan 17 Feb 17 Mar 17 Apr 17 May 17 Jun 17 Jul 17 Aug 17 EPISD 9

11 Investments - Ending Balances FY-16 vs FY Millions $ GF-Oper DSF CPF ISF Total 6/30/ /30/

12 District Investment Distribution (6/30/17) Texas Term 6.1% Wells Fargo Securities 0.1% 1.0% Texpool 19.1% Logic 53.1% Loan Star 20.5% 11

13 School FIRST Preliminary Report 1. The 2017 FIRST Rating is based on fiscal year data. 2. The District must hold a Public Hearing and a Notice must be published. The EPSID Public Hearing will be on There are 15 indicators. 5 are pass or fail, and the other 10 are worth 10 points each. 4. EPISD scored 92 out of the maximum 100 points. 5. EPISD has achieved a Superior Rating for all 15 years that the FIRST Report has been in existence. 6. EPISD lost points on two of the indicators: a. GF Cash divided by Operating Expenditures (52.3 days) Our score was 4 points, 90 days is needed for 10 points. b. Current Assets divided by Current Liabilities (ratio of 2.70 to 1). Our score was 8 points, a ratio of 3.00 is needed for 10 points. 7. EPISD received 10 points for the Administrative Cost Ratio indicator. In , the ratio was 4.30%. In , the ratio was 3.97%. 8. The final report will include spending disclosures for the Superintendent and the Board of Trustees. 12

14 EL PASO INDEPENDENT SCHOOL DISTRICT ENROLLMENT UPDATE Loc Id Campus Name SEPT 11, 2017 ENROLLMENT Enrollment Projections Difference: Actual Enrollment vs Proj Enrollment 001 Andress High School 1,560 1, Austin High School 1,408 1,432 (24) 003 Bowie High School 1,369 1,412 (43) 004 Burges High School 1,535 1, Center Career & Technology Educ (37) 012 Chapin High School 1,837 1, Coronado High School 2,834 2, El Paso High School 1,447 1, Franklin High School 2,821 2, Irvin High School 1,391 1, Jefferson High School 1,070 1, Silva Health Magnet Transmountain Early College HS (10) 054 Armendariz Middle School (68) 049 Bassett Middle School Brown Middle School Canyon Hills Middle School Charles Middle School (18) 044 Guillen Middle School (10) 041 Henderson Middle School (22) 053 Hornedo Middle School 1,302 1,325 (23) 051 Lincoln Middle School (46) 229 MacArthur Middle School (32) 047 Magoffin Middle School (20) 046 Morehead Middle School (14) 055 Richardson Middle School Ross Middle School (10) 048 Terrace Hills Middle School Wiggs Middle School (13) 102 Alta Vista Elementary School (33) 103 Aoy Elementary School (31) 165 Barron Elementary School Beall Elementary School (1) 105 Bliss Elementary School (7) 160 Bond Elementary School (11) 106 Bonham Elementary School (3) 158 Bradley Elementary School (37) 107 Burleson Elementary School (50) 108 Burnet Elementary School (27) 151 Cielo Vista Elementary School Clardy Elementary School Clendenin Elementary School (2) 110 Coldwell Elementary School (57) 142 Collins Elementary School (21) 111 Cooley Elementary School Crockett Elementary School Crosby Elementary School Douglass Elementary School Dowell Elementary School Fannin Elementary School (29) 162 Green Elementary School Guerrero Elementary School (5) 118 Hart Elementary School (46) 119 Hawkins Elementary School (13) 174 Herrera Elementary School Hillside Elementary School (30) 123 Hughey Elementary School (74) 155 Johnson Elementary School (60) 166 Kohlberg Elementary School (12) 125 Lamar Elementary School (78) 150 Lee Elementary School Logan Elementary School

15 EL PASO INDEPENDENT SCHOOL DISTRICT ENROLLMENT UPDATE 177 Lundy Elementary School (22) 129 MacArthur Elementary School Mesita Elementary School 1,125 1,129 (4) 131 Milam Elementary School (58) 167 Moreno Elementary School Moye Elementary School (29) 133 Newman Elementary School (43) 161 Nixon Elementary School Park Elementary School Polk Elementary School (4) 175 Powell Elementary School (20) 135 Putnam Elementary School Rivera Elementary School (4) 136 Roberts Elementary School (26) 138 Rusk Elementary School Schuster Elementary School Stanton Elementary School (13) 168 Tippin Elementary School (1) 178 Tom Lea Elementary School (37) 143 Travis Elementary School (36) 146 Western Hills Elementary School (1) 153 Whitaker Elementary School Zach White Elementary School Zavala Elementary School (7) (76) 019 Young Womens Academy PK Community Partnership School College Career Technology Academy Delta Academy Telles Academy Telles Academy JJAEP LaFarelle Middle School About Face Program 3 ALTERNATIVE AVERAGE ,488 58,544 (56) 14

16 Estimated Cost of One-Time Bonus FTE Total FTE Description Count Bonus Amount Total Amount Bonus Amount Total Cost Bonus Amount Total Cost Bonus Amount Total Cost Exempt 5,560 $ 300 $ 1,668,092 $ 250 $ 1,390,076 $ 500 $ 2,780,153 $ 1,000 $ 5,560,305 Non-Exempt 3,080 $ 200 $ 616,051 $ 250 $ 770,064 $ 500 $ 100,000 $ 1,000 $ 3,080,255 Grand Total 8,641 $ 2,284,143 $ 2,160,140 $ 2,880,153 $ 8,640,560 15

17 Travel Report Superintendent, Board of Trustees, and Cabinet May & June

18 El Paso ISD Travel Report Superintendent, Board of Trustees and Cabinet May and June 2017 REGISTRAT ION DESTINATION DEPART ARRIVE CONFERENCE FARE HOTEL CAR MEALS MISC TOTAL Superintendent Juan Cabrera SALT LAKE CITY 05/07/17 05/10/ ASU GSV SUMMIT $ $0.00 $0.00 $0.00 $25.69 $0.00 $ /24/17 ALBUQUERQUE 05/11/17 05/12/17 GATES FOUNDATION MEETING $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 NONE SAN ANTONIO 05/13/17 05/14/17 JG CONSULTING CAREER SUMMIT $ $ $32.00 $21.00 $ /24/17 SUBMITTED FOR PAYMENT NEW YORK 06/12/17 06/13/17 SUPERINTENDENT ADVISORY COUNCIL (COLLEGE BOARD)/MEETING WITH NEW YORK CHANCELLOR & DEPUTY CHANCELLOR OF EDUCATION $0.00 $ $0.00 $ $25.00 $0.00 $ /13/17 FT WORTH 06/22/17 06/24/17 TASB 2017 SUMMER LEADERSHIP INST $ $ $0.00 $0.00 $0.00 $ $1, /7/17 SAN ANTONIO 06/26/17 06/27/17 INTERNATIONAL SOCIETY FOR TECHNOLOGY IN EDUCATION 2017 $ $ $ $28.00 $59.37 $ $1, /7/17 AUSTIN 06/27/17 06/29/17 TEA SYSTEM OF GREAT SCHOOLS KICK OFF $ $0.00 $0.00 $41.00 $28.30 $0.00 $ /7/17 Board Of Trustees BOB GESKE, VICE PRESIDENT FT WORTH 06/22/17 06/24/17 TASB 2017 SUMMER LEADERSHIP INST $ $ $0.00 $0.00 $0.00 $0.00 $ NONE AL VELARDE, SECRETARY - DISTRICT 2 FT WORTH 06/22/17 06/24/17 TASB 2017 SUMMER LEADERSHIP INST $ $ $0.00 $0.00 $0.00 $0.00 $ NONE SUSIE BYRD, TRUSTEE - DISTRICT 3 NO TRAVEL $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 NONE DIANE DYE, TRUSTEE - DISTRICT 4 NO TRAVEL $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 NONE CHUCK TAYLOR, TRUSTEE - DISTRICT 5 FT WORTH 06/22/17 06/24/17 TASB 2017 SUMMER LEADERSHIP INST $ $ $0.00 $0.00 $0.00 $0.00 $ NONE TRENT HATCH, PRESIDENT - DISTRICT 6 NO TRAVEL $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 NONE DORI FENENBOCK, TRUSTEE - DISTRICT 7 FT WORTH 06/22/17 06/24/17 TASB 2017 SUMMER LEADERSHIP INST $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 NONE AUSTIN 06/27/17 06/28/17 TEA SYSTEM OF GREAT SCHOOLS KICK OFF $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 NONE Executive Cabinet CARMEN ARRIETA-CANDELARIA DEPUTY SUPERINTENDENT OF FINANCE AND OPERATIONS DALLAS 06/19/17 06/20/17 INVESTMENT OFFICE TRAINING $ $ $0.00 $73.50 $0.00 $ $ /30/17 AUSTIN 6/25/2017 6/26/2017 TEXAS URBAN COUNCIL SUMMER MEETING & DINNER $ $ $3.50 $ $ /30/17 JEANNE "CEZY" COLLINS LEGAL COUNSEL NO TRAVEL $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 NONE JOSE LOPEZ CHIEF OF STAFF AUSTIN 05/10/17 05/10/17 TEXAS SCHOOL ALLIANCE (SUPERINTEDENTS & LEAD STAF$ $0.00 $0.00 $0.00 $35.00 $0.00 $ /31/17 SAN DIEGO 05/31/17 05/31/17 SCHOOL VISIT $ $0.00 $0.00 $0.00 $5.00 $0.00 $ /30/17 AUSTIN 06/24/17 06/26/17 TEXAS URBAN COUNCIL $ $ $0.00 $ $15.00 $0.00 $ /30/17 AUSTIN 06/27/17 06/29/17 SYSTEM OF GREAT SCHOOL (SGS)KICK OFF MELISSA MARTINEZ EXECUTIVE DIRECTOR OF COMMUNITY ENGAGEMENT AUSTIN 06/14/17 06/18/17 TSPRA ANNUAL CONFERENCE $ $ $0.00 $0.00 $0.00 $0.00 $ NONE ELIZABETH SAENZ DEPUTY SUPERINTENDENT OF ACADEMICS AND SCHOOL LEADERSHIP TH ANNUAL UT/TASA SUMMER CONFERENCE ON AUSTIN 06/23/17 06/26/17 EDUCATION $ $ $ $0.00 $16.99 $ $1, /30/17 AUSTIN 06/27/17 06/29/17 SGS KICK OFF SUMMIT $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 NONE VINCE SHEFFIELD DEPUTY SUPERINTENDENT OF ADMINISTRATION NO TRAVEL $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 NONE 17

19 TRAVEL BUDGET - COMPARISON Organization El Paso ISD Ysleta ISD Socorro ISD Board of Trustees $ 30,000 $ 28,000 $ 46,500 Superintendent $ 60,000 $ 12,000 $ 14,000 18

20 Board Committee Meeting materials be submitted to the Superintendent s office for review at least 3 business days prior to any scheduled meeting. Meeting times will be set from 9:30 11:30. Finance Committee/Budget Workshop* Regular Board Meeting * * * * * * SEPTEMBER ) FY17 Financials Update 2) FY17-4th Quarter Investment Report 3) FIRST Report Summary 4) Enrollment Update 5) One-Time Stipend for Employees - Discussion 6) Travel Report Superintendent/BOT 7) Board Finance Committee Calendar 8) Finance Process Update OCTOBER ) FY17 Audited Financials - Draft 2) 2017 FIRST Report 3) FY18 1st Quarter Financial Reports 4) 6 Wk Enrollment Update 5) Budget Related Board Agenda Items NOVEMBER ) FY18 Financial Statements as of October 31, ) FY17 Audited Financials - Draft 3) Budget Related Board Agenda Items DECEMBER ) FY18 Financial Statements as of November 30, ) Budget Related Board Agenda Items JANUARY ) FY18 2nd Quarter Financial Reports 2) Summer School Education Program Evaluation 3) Replacement Plan Update 4) Budget Related Board Agenda Items 5) Budget Development Calendar - Review FEBRUARY ) FY18 Financial Forecast (as of Jan 31, 2018) 2) Internal Service Fund Analysis 3) Health Care Program Update 4) Compensation and Staffing Update 5) Budget Related Board Agenda Items 6) Budget Development Calendar - Review MARCH ) FY18 Financial Statements (as of February 28, 2018) 2) Compensation Discussion 3) Budget Development Update a) Revenue Projections b) Debt Service Fund Projections c) Budget Challenges & Considerations 4) Budget Related Board Agenda Items 5) Calendar Review a) 2017 Truth In Taxation Calendar b) Budget Development 19

21 APRIL ) FY18 3rd Quarter Financial Reports 2) Staffing Results 3) Capital Replacement Plans a. Athletics b. Fine Arts (Instruments & Uniforms) c. Technology d. Transportation e. Library Learning Resources 4) Budget Development Update a. Revenue Projections Update b. Preliminary Expenditure Snapshot c. FY19 Department Budget Proposal Presentation Booklet d. Personnel Compensation Discussion e. Budget Challenges & Considerations 5) Budget Related Board Agenda Items 6) Review Budget Development Calendar - Review MAY ) FY18 Financial Forecast 2) Staffing Results 3) Budget Development Update a. Revenue Projections b. Capital Replacement Plan & Additional Budget Requests Summary c. Preliminary Expenditure Snapshot d. Personnel Compensation - Discussion 4) Budget Related Board Agenda Items 5) Budget Development Calendar Review JUNE ) FY18 Financial Statements as of May 31, ) Health Care Fund Update 3) Compensation Proposal Discussion 4) Proposed Budget a. General Operating b. Food Service c. Debt Service 20

22 Administrator's Reference Guide Documents Will be Distributed on Meeting Date 21