Following is the District s unaudited financial report as of June 30, 2012.

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1 Date: August 13, 2012 To: From: Dr. Duane Yecha, Superintendent Crook County School Board Members Anna Logan, Director of Business and Finance Subject: Fiscal Report for August 2012 Following is the District s unaudited financial report as of June 30, General Fund Revenue The total revenue projection for the year in the General Fund is $23.7 million. This is approximately $32,000 less than the year-end projection last month and $111,000 more than actual year-to-date revenue collected as of June 30. The additional $111,000 to be received is in the form of property taxes from Crook County which will be received in August, and transfer revenue of $48,000 from other funds that will be recorded prior to closing the books for the year. Year-end revenue is projected to be $541,000 more than the adopted budget. This is due to various revenues coming in higher than budget including: property tax, + $285,000; State School Fund (including prior year adjustment less current year estimated adjustment), + $44,000; Common School Fund, + $40,000; Federal Forest fees, + $149,000; and, School Year Subaccount, + $626,000. The only major revenue source in the General Fund that will come in less than budget is transfer revenue from other funds which the Board directed to reduce by $625,000.

2 General Fund Expenses Total projected expenses in the General Fund at year end are estimated at $24.2 million. This is approximately $66,000 less than the year-end projection reported last month and $199,000 more than actual expenses incurred YTD at the time of this report. The $199,000 is accrued expense, the majority of which is for transfers to other funds that have not been recorded yet. Year-end expenses are projected to be $1.3 million less than the adopted budget. The difference is almost entirely in payroll expenses and associated costs. Operating Surplus/(Deficit) The projected operating deficit for the year is $436,976 down slightly from last month s projection of an operating deficit of $471,526. Fund Balance With the revenue and expenditure projections at year end described above, I am projecting an ending fund balance of $4,211,113 which is $34,550 higher than last month s projection of $4,176,563. Statement of Revenue and Expenditures Further details of General Fund financial activity are shown on the Statement of Revenue and Expenditures on the following page.

3 Statement of Revenue and Expenditures General Fund Adopted Actuals Estimate Budget Year to Date To Year End Over/(Under) Budget Operating Revenue and Expenses Revenue Property Tax 6,831,169 7,024,062 7,116, ,022 4% Interest 40,000 50,183 50,000 10,000 25% PERS UAL Assessment 1,658,217 1,630,576 1,630,576 (27,642) 2% State School Fund 13,049,202 13,157,690 13,008,850 (40,352) 0% SSF May Adjustment (FY 10 11) 84,459 84,470 84,470 Common School Fund 199, , ,985 39,632 20% School Year Subaccount 626, , ,169 Federal Forest Fees 390, , , ,840 38% Stimulus (EdJobs/SFSF) 8,887 8,887 8,887 Miscellaneous 333, , ,264 31,278 9% Transfers 673, ,000 (625,000) 93% Total Revenue 23,175,612 23,606,310 23,716, ,304 2% Expenses Salaries and Wages 12,600,600 11,760,713 11,760,713 (839,887) 7% Payroll Taxes and Benefits 7,181,912 6,551,635 6,551,635 (630,277) 9% Services 2,728,975 2,996,286 3,026, ,274 11% Supplies 587, , ,364 (77,741) 13% Capital Outlay 20,300 (20,300) 100% Other Expenses 222, , ,545 (66,179) 30% Transfers 2,149,386 1,984,904 2,149,386 0% Total Expenses 25,491,002 23,954,404 24,153,892 (1,337,110) 5% Operating Surplus/(Deficit) (2,315,390) (348,094) (436,976) 1,878,414 Fund Balance and Reserves Beginning Fund Balance 4,180,755 4,648,089 4,648, ,334 11% Operating Surplus/(Deficit) (2,315,390) (348,094) (436,976) 1,878,414 Funds Held in Reserve Operating Contingency (865,365) 865,365 Reserved for Next Year (1,000,000) 1,000,000 Total Reserves & Contingency (1,865,365) 1,865,365 Ending Fund Balance 4,299,995 4,211,113 4,211,113

4 All Funds Fiscal Report Actual Actual Actual Budget Fund Percent of Fund Name Budget Begin Balance Revenue Expense Balance Balance Budget Spent 100 GENERAL FUND 4,648,089 23,606,310 CROOK COUNTY HIGH SCHOOL 4,354,262 4,098, ,791 94% CROOK COUNTY MIDDLE SCHOOL 3,345,318 3,233, ,610 97% CROOKED RIVER ELEM SCHOOL 1,695,667 1,648,670 46,997 97% OCHOCO ELEM SCHOOL 1,772,927 1,661, ,477 94% POWELL BUTTE ELEM SCHOOL 8,512 5,847 2,665 69% PAULINA ELEM SCHOOL 364, ,458 29,904 92% CECIL SLY ELEM SCHOOL 2,284,543 2,190,727 93,815 96% SPECIAL PROGRAMS 3,600,032 3,225, ,991 90% DISTRICT OFFICE 757, ,224 8,337 99% TRANSPORTATION 1,503,443 1,141, ,488 76% FACILITIES 853, , ,258 87% PRINT SHOP 10, ,450 6% CURRICULUM 307, ,880 (53,194) 117% TECHNOLOGY 384, ,194 37,484 90% BROTHERS 23,808 14,962 8,846 63% PIONEER ALT ED 430, ,521 (480,581) 212% FISCAL MANAGEMENT 1,643,941 1,300, ,778 79% TRANSFERS 2,149,386 1,984, ,482 92% OPERATING CONTINGENCY 865, ,365 0% RESERVED FOR NEXT YEAR 1,000,000 1,000,000 0% Total General Fund 27,356,367 4,648,089 23,606,310 23,954,404 3,401,964 4,299,995 88% 200 SPECIAL REVENUE FUND 201 SPECIAL REVENUES POOL 224, , % 202 CCHS Student Activity Fund 415,366 88, , , ,077 77,461 31% 203 CCMS Student Activity Fund 125,000 11,413 29,415 32,468 92,532 8,359 26% 204 Elementary Schools Student Activity Fund 152,000 45,778 36,356 42, ,394 39,528 28% 205 FOOD SERVICE 1,277, , , , , ,675 76% 207 EXTENDED HEALTH BENEFITS 200,000 3, , ,187 42,813 18,510 79% 208 TEXTBOOK RESERVE 132, , , , ,396 8% 209 PERS Reserve 500, , , ,000 0% 210 BUS REPLACEMENT RESERVE 130, , , ,093 0% 212 EARLY RETIREMENT RESERVE 436,294 53, , , ,740 68,054 59% 8/9/2012

5 All Funds Fiscal Report Actual Actual Actual Budget Fund Percent of Fund Name Budget Begin Balance Revenue Expense Balance Balance Budget Spent 214 MAINTENANCE RESERVE 165, , , , ,700 2% 215 AUXILIARY SERVICES RESERVE 97,811 44,683 48, ,811 93,188 0% 216 UNEMPLOYMENT RESERVE 75,000 75, ,000 75,000 0% 220 Paulina Special Projects 0 2, ,141 (1,141) 1, CCHS Special Projects 0 33,871 52,360 33,145 (33,145) 53, CCMS Special Projects 0 15,273 16,206 15,759 (15,759) 15, CR Special Projects 0 3,740 3,696 4,320 (4,320) 3, ODE Title V B PB Charter School Planning Ochoco Special Projects 0 1,528 7,593 7,656 (7,656) 1, Cecil Sly Special Projects 0 2,763 3,918 4,586 (4,586) 2, MAINTENANCE 0 4, (449) 4, REIMBURSED SALARIES 0 (2,262) 60,169 55,662 (55,662) 2, TITLE XIX 210, ,384 99,352 81, , ,357 39% 235 DONATIONS 0 2,333 14,081 16,061 (16,061) ATHLETICS 497, , , ,242 (57,033) 101, % 248 IDEA Sect ,514 22,940 22,940 1, % 250 E SOUTHWELL AUDITORIUM 65,738 57,744 29,196 16,973 48,766 69,967 26% 251 IDEA ARRA Stimulus 0 23,394 23,887 (23,887) (493) 252 IDEA Enhancement Formula 2,652 2,713 2,713 (61) 0 102% 253 IDEA EXTENDED ASSESSMENT (555) 100% 254 IDEA SPR&I 3, , (2,075) 95% 255 IDEA PART B 617, , ,227 33,007 (23,122) 95% 256 TITLE III 17,698 10,938 10,938 6, % 258 RTI 12,476 5,629 6,847 10,078 2,399 2,399 81% 259 EBISS 11,237 10,074 10, (802) 97% 260 Title 1A ARRA 0 (0) 0 0 (0) 261 TITLE I A 820, , ,065 48,772 (52,775) 94% 262 TITLE I D 21,329 20,545 21, (695) 100% 263 Title 1D ARRA ARRA School Improvement Tier III (OC Schl I 101,922 89,391 90,532 11,390 (1,141) 89% 266 Title VI RLIS 62,717 31,500 31,994 30,723 (494) 51% 268 TIF Leadership Roles & Responsibilities 36,000 35,994 35, % 269 Teacher Incentive Fund 55,587 27,940 32,004 23,584 (4,064) 58% 271 TITLE II A 224, , ,241 41,235 (51,270) 82% 8/9/2012

6 All Funds Fiscal Report Actual Actual Actual Budget Fund Percent of Fund Name Budget Begin Balance Revenue Expense Balance Balance Budget Spent 272 TITLE II D 0 (43) 0 0 (43) 274 Natural Resources State Grant 17,000 2,262 5,492 11,508 (3,230) 32% 276 QZAB 1 PROJECTS 125,000 91, ,723 68,277 34,404 45% 288 FACEBOOK Grants 0 12,784 29,400 38,682 (38,682) 3, MISC GRANTS 110,135 46, , ,690 (10,555) 32, % 292 Outdoor School 64,782 16,735 57,101 56,612 8,170 17,225 87% 293 Wolftree Wachs wages 0 (22,231) (22,231) 297 INSURANCE RESERVE 10,000 10, ,000 10,000 0% 299 TECHNOLOGY RESERVE 124, , ,600 67,802 67,802 45% Total Special Revenue Fund 7,169,102 2,192,531 4,356,326 4,570,649 2,598,453 1,978,208 64% 300 DEBT SERVICE FUNDS 320 DEBT SERVICE CAPITAL CONSTRUCTION 1,732, ,387 1,583,768 1,471, , ,640 85% 330 DEBT SERVICE PERS 1,912, ,052 1,502,763 1,646, , ,020 86% 340 DEBT SERVICE QZAB 1 117,189 72, ,534 67,655 23,433 42% 341 DEBT SERVICE QZAB 2 71,764 1,497 70,267 70,318 1,446 1,446 98% Total Debt Service Funds 3,833,988 1,073,560 3,157,141 3,238, , ,539 84% TOTAL All Funds 38,359,457 7,914,180 31,119,777 31,763,214 6,596,243 7,270,743 83% 8/9/2012