Redmond School District FY Year-to-Date Actual versus Budget through May 31, 2018 General Fund - Revenues June 27, 2018 School Board Meeting

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1 FY Year-to-Date versus through May 31, 2018 General Fund - s Collected FY through May 31, 2017 % Collected Not Received % Not Received Beginning Fund Balance $ 6,086,600 $ 6,831, % s: Local Sources $ 21,858,500 $ 21,827, % $ 31,074 0% Intergovernmental $ 128,000 $ 117,290 92% $ 10,710 8% State Sources $ 43,230,500 $ 42,530,929 98% $ 699,572 2% Federal Sources $ 19,400 $ 21, % Other Sources $ 219,400 0% $ 219, % Total s $ 65,455,800 $ 64,497,144 99% $ 958,656 1% Total Resources $ 71,542,400 $ 71,328, % $ 213,862 0% Collected FY through May 31, 2018 % Collected Not Received % Not Received Beginning Fund Balance $ 6,106,200 $ 6,106, % $ 45 0% s: Local Sources $ 24,070,800 $ 23,570,126 98% $ 500,674 2% Intergovernmental $ 76,300 $ 162, % State Sources $ 46,946,000 $ 46,743, % $ 202,379 0% Federal Sources $ 21,800 $ 373, % Other Sources $ 413,000 $ 413, % Total s $ 71,527,900 $ 71,262, % $ 265,534 0% Total Resources $ 77,634,100 $ 77,368, % $ 265,579 0%

2 FY Year-to-Date versus through May 31, 2018 General Fund - FY through May 31, 2017 % Expended Remaining Balance % Remaining by Object: Salaries $ 34,421,700 $ 26,353,317 77% $ 8,068,383 23% Associated Payroll Costs $ 18,457,800 $ 13,946,580 76% $ 4,511,220 24% Purchased Services $ 11,008,900 $ 10,259,276 93% $ 749,624 7% Supplies & Materials $ 2,771,800 $ 2,226,161 80% $ 545,639 20% Capital Outlay $ 129,000 $ 112,663 87% $ 16,337 13% Other Objects $ 804,600 $ 706,052 88% $ 98,548 12% Transfers $ 676,300 $ 676, % 0% Contingency $ 3,272,300 0% $ 3,272, % Total $ 71,542,400 $ 54,280,349 76% $ 17,262,051 24% FY through May 31, 2018 % Expended Remaining Balance % Remaining by Object: Salaries $ 35,478,600 $ 27,506,482 78% $ 7,972,118 22% Associated Payroll Costs $ 20,053,700 $ 15,300,298 76% $ 4,753,402 24% Purchased Services $ 11,824,500 $ 11,128,353 94% $ 696,147 6% Supplies & Materials $ 2,670,300 $ 2,041,438 76% $ 628,862 24% Capital Outlay $ 11,200 0% $ 11, % Other Objects $ 743,200 $ 715,936 96% $ 27,264 4% Transfers $ 794,300 $ 794, % 0% Contingency $ 6,058,300 0% $ 6,058, % Total $ 77,634,100 $ 57,486,807 74% $ 20,147,293 26%

3 Description Under (Over) % to General Fund Instruction $ 43,675,400 $ 34,084,580 $ 9,590, % Support Services $ 26,441,900 $ 21,961,645 $ 4,480, % Enterprise and Community Services $ 27,200 $ 11,993 $ 15, % Transfers $ 794,300 $ 794, % Debt Service $ 634,500 $ 634,290 $ % Contingency $ 6,060,800 $ 6,060,800 Total General Fund $ 77,634,100 $ 57,486,807 $ 20,147, % Debt Service Fund Debt Service $ 14,655,300 $ 12,571,516 $ 2,083, % Total Debt Service Fund $ 14,655,300 $ 12,571,516 $ 2,083, % Capital Projects Fund Facilities Acquisition and Construction Services $ 195,100 $ 189,850 $ 5, % Contingency $ 133,400 $ 133,400 Total Capital Projects Fund $ 328,500 $ 189,850 $ 138, % Special Funds Nutrition Service Nutrition Services $ 2,597,800 $ 1,927,275 $ 670, % Contingency $ 56,500 $ 56,500 Total Nutrition Service $ 2,654,300 $ 1,927,275 $ 727, % Asset Replacement Funds Redmond School District FY vs. YTD May 31, 2018 YTD May 31, 2018 Support Services $ 803,400 $ 681,800 $ 121, % Facilities Acquisition and Construction Services $ 48,300 $ 45,400 $ 2, % Transfers $ 38,000 $ 37,963 $ % Contingency $ 274,500 $ 274,500 Total Asset Replacement $ 1,164,200 $ 765,163 $ 399, % Grant Programs Instruction $ 4,154,900 $ 2,966,385 $ 1,188, % Support Services $ 1,283,100 $ 909,792 $ 373, % Community Services $ 71,600 $ 42,110 $ 29, % Transfers $ 2,000 $ 2,000 Total Grant Programs $ 5,511,600 $ 3,918,286 $ 1,593, % Fee Supported Funds Instruction $ 1,743,100 $ 1,195,019 $ 548, % Support Services $ 114,900 $ 62,977 $ 51, % Enterprise Community Services $ 582,400 $ 430,705 $ 151, % Transfers $ 20,400 $ 19,948 $ % Contingency $ 1,042,500 $ 1,042,500 Total Fee Supported Programs $ 3,503,300 $ 1,708,648 $ 1,794, % Page 1 of 2

4 Description Internal Service Funds Redmond School District FY vs. YTD May 31, 2018 YTD May 31, 2018 Under (Over) % to Insurance Fund Support Services $ 872,600 $ 813,685 $ 58, % Transfers $ 411,000 $ 411, % Contingency $ 56,600 $ 56,600 Total Insurance Fund $ 1,340,200 $ 1,224,685 $ 115, % Trust and Agency Fund Instruction $ 41,700 $ 41,700 Support Services $ 200 $ 200 Community Services $ 15,700 $ 2,900 $ 12, % Contingency $ 74,500 $ 74,500 Total Trust and Agency Funds $ 132,100 $ 2,900 $ 129, % TOTAL APPROPRIATIONS $ 106,923,600 $ 79,795,131 $ 27,128, % Plus: Unappropriated Balance * $ 2,122,100 $ 2,122,100 TOTAL ALL FUNDS $ 109,045,700 $ 79,795,131 $ 29,250, % TOTAL ALL FUNDS LESS CONTINGENCY AND UNAPPROPRIATED BALANCE $ 99,224,800 $ 79,795,131 $ 19,429, % * Unappropriated ending fund balance is a reserve from which no expenditures can be made except in an emergency situation created by civil disturbance or natural disaster. UNAPPROPRIATED BALANCE PERS Pension Bond Fund Debt Service $ 2,076,800 Hoy Fultz Scholarship $ 20,200 Dr Jones Scholarship $ 25,100 TOTAL UNAPPROPRIATED BALANCE $ 2,122,100 Page 2 of 2

5 Statement of s and FY Projection as of June 22, 2018 General Fund - Operations FY Adopted Projection - s: Working June 22, 2018 Formula : Tax $ 22,896,400 $ 22,941,800 $ 45, % $ 2, % Federal Forest Fees Common School Fund $ 902,700 $ 717,300 $ (185,400) -20.5% County School Fund $ 76,300 $ 162,500 $ 86, % $ 45, % State School Fund $ 46,043,300 $ 46,382,700 $ 339, % $ % Total Formula $ 69,918,700 $ 70,204,300 $ 285, % $ 47, % Earnings on Investments $ 237,400 $ 337,200 $ 99, % Local Sources - Other $ 1,371,800 $ 1,751,800 $ 380, % $ 23, % Total s $ 71,527,900 $ 72,293,300 $ 765, % $ 71, % Less: 49% vs. 50% Reserve - RSD * $ (872,100) $ (870,200) $ 1, % 49% vs. 50% Reserve - RPA * $ (186,400) $ (276,900) $ (90,500) 48.6% $ (2,300) 0.8% Total s Available for $ 70,469,400 $ 71,146,200 $ 676, % $ 69, % : Salaries, Payroll Costs and Benefits: Salaries: Certified $ 21,142,800 $ 20,625,200 $ 517, % $ 7, % Classified $ 8,539,800 $ 8,497,700 $ 42, % $ 7, % Administrators and supervisors $ 4,379,200 $ 4,357,000 $ 22, % $ 12, % All other salaries $ 1,416,800 $ 1,407,000 $ 9, % $ (3,200) -0.2% Total Salaries $ 35,478,600 $ 34,886,900 $ 591, % $ 24, % Payroll Costs and Benefits: PERS $ 8,609,600 $ 8,209,000 $ 400, % $ 17, % Medical Insurance $ 8,414,400 $ 8,202,300 $ 212, % $ (4,600) -0.1% Payroll Taxes $ 2,979,300 $ 2,931,900 $ 47, % $ 1, % Other PR Costs & Benefits $ 50,400 $ 54,200 $ (3,800) -7.5% Total Payroll Costs and Benefits $ 20,053,700 $ 19,397,400 $ 656, % $ 14, % Total Salaries, Payroll Costs and Benefits $ 55,532,300 $ 54,284,300 $ 1,248, % $ 38, % Purchased Services $ 11,824,500 $ 12,058,400 $ (233,900) -2.0% $ (150,300) -1.3% Consumable Supplies and Materials $ 2,670,300 $ 2,532,300 $ 138, % $ (19,200) -0.8% Capital Outlay $ 11,200 $ 11, % Other Objects $ 743,200 $ 787,000 $ (43,800) -5.9% $ (14,200) -1.8% Transfers $ 794,300 $ 794,300 Total Non-Salary & APC $ 16,043,500 $ 16,172,000 $ (128,500) -0.8% $ (183,700) -1.1% Total $ 71,575,800 $ 70,456,300 $ 1,119, % $ (145,000) -0.2% Net Operating Surplus / (Deficit) - Effective $ (1,106,400) $ 689,900 $ 1,796, % $ (76,000) 9.9% Beginning Fund Balance $ 6,106,200 $ 6,106,200 General Fund 5% Required Reserve $ 3,927,400 $ 3,614,700 $ (312,700) 8.0% $ 3, % Emergency Reserve $ 1,074,900 $ 1,084,400 $ 9, % $ 1,100 49% vs. 50% Reserve - RSD $ 872,100 $ 870,200 $ (1,900) 0.2% 49% vs. 50% Reserve - RPA $ 186,400 $ 276,900 $ 90, % $ 2, % Required Ending Fund Balance $ 6,060,800 $ 5,846,200 $ (214,600) 3.5% $ 7, % Additional Ending Fund Balance vs. Required $ (2,500) $ 2,097,000 $ 2,099,500 $ (80,700) -3.7% Total Ending Fund Balance $ 6,058,300 $ 7,943,200 $ 1,884, % $ (73,700) -0.9% Total Ending Fund Balance as a % of 8.5% 11.0% Favorable / (Unfavorable) Variance Prior Projection Variance * At the end of the 2017 legislative session, Oregon legislators decided to allocate the K-12 biennial State School Fund based upon a split of 50% / 50% between and The District has voluntarily developed an expenditure budget based on the traditional 49% / 51% split. Therefore, the remaining 1% of the distribution is reserved for