Proposed Budget Update FY Cash Reserves and Anticipated Resources May 11, and. Included in Fund. Fund Special Revenue Funds 7,400,000

Transcription

1 BE IT RESOLVE, by the Board of Education of Academy istrict 20 in El Paso County, that the amounts shown in the following schedule be appropriated to each fund as proposed on for the fiscal year beginning on July 1, 2017 and ending on June 30, ed FY Interfund Tnsfers Total and Appropriation Payments by Included in Fund Other Funds 41,997, ,526,489 27,918,409 Proposed FY Cash Reserves and Anticipated Resources 218,529,050 27,918,409 Fund Genel Fund Charter Schools Special Revenue Funds Food Service Fund 5,544,771 esignated Governmental Purpose Gnt Fund 7,400,000 Tnsportation Fund 9,450,434 ebt Service Fund Bond Redemption Fund 49,007,105 Capital Projects Building Fund 153,568,929 Capital Reserve Capital Projects Fund 7,514,412 Technology Fund 15,166,618 Trust and Agency Funds Agency Fund 216,610 School Activity Fund 15,051,633 Total 509,367, ,744,771 7,400,000 9,450,434 49,007, ,568,929 7,514,412 15,166,618 42,197, ,610 15,051,633

2 Academy istrict 20 ALL ISTRICT FUNS Schedule of Revenues, Expenditures and Fund Balance FY Governmental Funds Beginning Fund Balance Fund Balances/Retained Earnings/Carryover Adjusted Fund Balances/Retained Earnings Genel Fund 37,515,457 37,515,457 Special Revenue Funds Tnsportation, Gnts & Food Service 1,795,975 1,795,975 ebt Service Fund 25,532,530 25,532,530 Capital Projects Funds Capital Reserve & Technology 164,802, ,802,009 Fiduciary Funds Agency Funds 4,158,243 4,158,243 Revenues Property and Specific Ownership Tax State Sources Fedel Sources Charges for Services Interest on Investments Tuition & Fees Other Revenue Other Financing Sources Tnsfers In Total Financing Sources Total Resources Available Expenditures 23,330, ,000 23,474,575 Total Expenditures 1,620, , , ,000 2,709,150 11,110,000 11,110,000 5,340,230 5,340,230 8,738,800 8,738, ,526,489 22,595,205 49,007, ,249,959 15,268, ,585,086 10,565,925 6,686,745 1,882,085 17,371,509 2,449,430 1,739,595 3,116,000 2,235,505 11,823,135 4,879, , , ,869,590 7,400,000 7,912,700 5,330,000 20,642,700 25,042,856 26,000 25,068, , ,240 4,376, ,264, ,246,257 11,110,000 11,110,000 41,997,439 41,997,439 8,243,460 23,029,000 1,752,505 23,938,249 54,003,702 4,158, ,526,489 22,595,205 49,007, ,249,959 15,268,243 Instructional Services Pupil Services Instructional Staff Genel Administtion School Administtion Business Administtion Centl Services Risk Management Security Services Maintenance and Opetions Utilities Tnsportation Services Community Services NonInstructional Services ebt Service Capital Outlay Opeting Expenses Other 2,709,000 8,050,000 4,040, ,000 15,459,000 Total Revenues 77,903, ,418,907 2,850,000 1,385,000 1,153, ,811,032 Other Financing Uses Tnsfers Out Total Financing Uses Ending Fund Balance Restricted Earnings Committed Earnings Assigned for Projects Unassigned Fund Balance Total Resources Appropriated 2

3 Academy istrict 20 ALL ISTRICT FUNS Schedule of Revenues, Expenditures and Fund Balance FY Component Unit Charter School Gnd Total Payments Included in Other Funds Adjusted Gnd Totals 233,804, ,804,214 Beginning Fund Balance Fund Balances/Retained Earnings/Carryover Adjusted Fund Balances/Retained Earnings 101,234, ,127,907 12,520,000 4,040, ,500 1,533,650 13,112, ,563,757 Revenues Property and Specific Ownership Tax State Sources Fedel Sources Charges for Services Interest on Investments Tuition & Fees Other Revenue Total Revenues 233,804, ,804, ,234, ,127,907 12,520,000 4,040, ,500 1,533,650 13,112, ,563,757 27,918,409 27,918,409 42,197,439 42,197,439 (42,197,439) (42,197,439) 27,918, ,565,410 (42,197,439) 509,367,971 Total Resources Available 27,918,409 27,918, ,606,500 11,468,165 6,686,745 1,882,085 17,371,509 2,449,430 6,116,530 3,116,000 2,235,505 11,823,135 4,879,450 7,912, , ,150 25,042, ,264,077 5,330,000 11,136, ,855, ,606,500 11,468,165 6,686,745 1,882,085 17,371,509 2,449,430 6,116,530 3,116,000 2,235,505 11,823,135 4,879,450 7,912, , ,150 25,042, ,264,077 5,330,000 11,136, ,855,812 Expenditures Instructional Services Pupil Services Instructional Staff Genel Administtion School Administtion Business Administtion Centl Services Risk Management Security Services Maintenance and Opetions Utilities Tnsportation Services Community Services NonInstructional Services ebt Service Capital Outlay Opeting Expenses Other Total Expenditures 42,197,439 42,197,439 33,483,492 63,999,667 23,029,000 27,918, ,565,410 (42,197,439) (42,197,439) (42,197,439) 33,483,492 63,999,667 23,029, ,367,971 3 Other Financing Sources Tnsfers In Total Financing Sources Other Financing Uses Tnsfers Out Total Financing Uses Ending Fund Balance Restricted Earnings Committed Earnings Assigned for Projects Unassigned Fund Balance Total Resources Appropriated

4 Academy istrict 20 GENERAL FUN Schedule of Revenues, Expenditures and Changes in Fund Balances FY ESCRIPTION Beginning Fund Balances NONSPENABLE Prepaid Items RESTRICTE TABOR Reserve ASSIGNE Risk Related Activity Contctual Obligations Employee Benefit Progms Longevity Bonus Medicaid Economic evelopment Service Contct School Supply Carryover UNASSIGNE Appropriated Opeting Reserve Total Fund Balance FY FY Audited s Final 33,155 5,132,000 66,896 66, % 2.10% 28,635,281 42,664,125 24,337,613 37,515,457 77,723, ,824,385 2,896, ,444,445 78,505, ,715,328 2,850, ,070,874 80,542, ,418,907 2,850, ,811,032 2,036,579 6,703,579 8,740, % 53.48% 1.09% 85.49% Total Revenue & Other Sources 246,043, ,934, ,526,489 3,591, % ed Expenditures Instructional Services & Student Support Genel Administtion School Administtion Business Administtion Centl Services Risk Management Activities Security Services Maintenance & Opetions Utilities Other Noninstructional Services Total Expenditures 146,124,875 1,481,708 16,740,051 2,354,885 1,551,145 2,974,860 1,922,256 11,040,934 4,646, , ,638, ,010,652 1,796,625 16,770,943 2,491,180 1,712,091 3,110,110 2,224,575 11,422,978 4,991, , ,116, ,756,165 1,882,085 17,371,509 2,449,430 1,739,595 3,116,000 2,235,505 11,823,135 4,879, , ,787,999 7,745,513 85, ,566 (41,750) 27,504 5,890 10, ,157 (111,940) (51,179) 8,671, % 0.72% 6.67% 0.94% 0.67% 1.20% 0.86% 4.54% 1.87% 0.21% 80.53% 13,740, ,379,098 18,302, ,419,542 14,079, ,867,029 (4,223,664) 4,447, % 85.93% 66,896 66,896 (66,896) 0.00% 2,434, ,000 % of 24,704,710 37,398,778 Other Financing Sources Opeting Tnsfers In 3,434,527 ifference Final (1,000,000) 149,000 (4,297,668) (5,148,668) ed Revenues Local Revenues State Revenues Fedel Revenues Total Revenues 3,626, , ,624 1,461,000 1,685,273 FY Other Financing Uses Opeting Tnsfers Out Total Expenditures & Other Uses Ending Fund Balances NONSPENABLE Prepaid Items RESTRICTE TABOR Reserve ASSIGNE Risk Related Activity Contctual Obligations Employee Benefit Progms Longevity Bonus Medicaid Economic evelopment Service Contct School Supply Carryover Total Nonspendable, Restricted, & Assigned Unassigned Appropriated Opeting Reserve Total Resources Appropriated 42,664,125 37,515,457 36,659,460 (855,997) 500,073 (402) (894) (121) 20,860 (4) 452,616 3,434,527 14,028,844 2,434, ,000 13,177,844 2,934, ,000 1,220, ,860 1,887,000 13,630,460 23,029,000 (1,308,613) 246,043, ,934, ,526,489 3,591,490 28,635, ,337, % 0.12% 0.18% 0.48% 0.47% 0.06% 0.72% 9.34% 14.43% 14.07% 2.07% 1.13% 0.12% 0.18% 0.48% 0.47% 0.07% 0.72% 5.24% 8.83%

5 Academy istrict 20 GENERAL FUN Schedule of Revenues, Expenditures and Changes in Fund Balances FY ESCRIPTION Beginning Fund Balances NONSPENABLE Prepaid Items RESTRICTE TABOR Reserve ASSIGNE Risk Related Activity Contctual Obligations Employee Benefit Progms Longevity Bonus Medicaid Economic evelopment Service Contct School Supply Carryover UNASSIGNE Appropriated Opeting Reserve Total Fund Balance FY FY Audited s Final 33,155 5,132,000 66,896 FY ifference Final 66,896 % of 0.03% 2.10% 24,704,710 37,398,778 28,635,281 42,664,125 24,337,613 37,515,457 (1,000,000) 149,000 (4,297,668) (5,148,668) 77,723, ,824,385 2,896, ,444,445 78,505, ,715,328 2,850, ,070,874 80,542, ,418,907 2,850, ,811,032 2,036,579 6,703,579 8,740, % 53.48% 1.09% 85.49% Total Revenue & Other Sources 246,043, ,934, ,526,489 3,591, % ed Expenditures Salary & Benefit Purchased Services Supplies & Materials Capital Outlay Other Expenses Total Expenditures 140,750,817 13,184,401 8,247, , , ,287, ,401,377 13,486,831 11,371, , , ,984, ,530,007 14,137,967 11,483, , , ,869,590 7,128, , ,490 (2,500) (3,800) 7,884, % 5.43% 4.41% 0.07% 0.21% 69.81% 26,350,810 13,740, ,379,098 27,132,214 18,302, ,419,542 27,918,409 14,079, ,867, ,195 (4,223,664) 4,447,487 (855,997) 10.72% 5.40% 85.93% 14.07% 66,896 66,896 (66,896) 0.00% Other Financing Sources Opeting Tnsfers In 3,434,527 2,434, ,000 ed Revenues Local Revenues State Revenues Fedel Revenues Total Revenues 3,626, , ,624 1,461,000 1,685,273 Other Financing Uses Charter Schools Opeting Tnsfers Out Total Expenditures & Other Uses Ending Fund Balances NONSPENABLE Prepaid Items RESTRICTE TABOR Reserve ASSIGNE Risk Related Activity Contctual Obligations Employee Benefit Progms Longevity Bonus Medicaid Economic evelopment Service Contct School Supply Carryover Total Nonspendable, Restricted, & Assigned Unassigned Appropriated Opeting Reserve Total Resources Appropriated 42,664,125 37,515,457 36,659, ,073 (402) (894) (121) 20,860 (4) 452,616 3,434,527 14,028,844 2,434, ,000 13,177,844 2,934, ,000 1,220, ,860 1,887,000 13,630,460 23,029,000 (1,308,613) 246,043, ,934, ,526,489 3,591,490 28,635, ,337, % 0.12% 0.18% 0.48% 0.47% 0.06% 0.72% 9.34% 14.43% 2.07% 1.13% 0.12% 0.18% 0.48% 0.47% 0.07% 0.72% 5.24% 8.83%

6 Academy istrict 20 FY Genel Fund Total Revenues, Other Sources and Fund Balances Restricted Revenue & Tnsfers 0.1% Fund Balance 14.4% Fedel Revenue 1.1% Other State Revenue 2.5% Property Tax 16.0% Override Property Tax 10.3% State Equalization 51.0% Specific Ownership Tax 3.6% Other Local Revenue 1.0% Total Genel Fund Revenue Total Genel Fund Balance Total Genel Fund Resources Available for Appropriation 6 223,011,032 37,515, ,526,489

7 Academy istrict 20 FY Genel Fund Revenue by Source Fedel Revenue 1.3% Restricted Revenue & Tnsfers 0.1% Other State Revenue 2.9% Property Tax 18.7% Override Property Tax 12.0% Specific Ownership Tax 4.2% State Equalization 59.6% Other Local Revenue 1.2% Total Genel Fund Revenue Total Restricted Revenue plus Tnsfers Total Genel Fund Revenues Available for Appropriation 7 222,811, ,011,032

8 Academy istrict 20 GENERAL FUN Schedule of Resource Changes FY FY ESCRIPTION Beginning Fund Balances NONSPENABLE Prepaid Items RESTRICTE TABOR Reserve ASSIGNE Risk Related Activity Contctual Obligations Employee Benefit Progms Longevity Bonus Medicaid Economic evelopment Service Contct School Supply Carryover UNASSIGNE Appropriated Opeting Reserve Total Fund Balance Final FY NonRecurring Revenue Recurring Revenue Adopted ifference % of 66,896 66,896 66, % 2.07% 3,434,527 2,434, ,000 2,434, ,000 (1,000,000) 149, % 0.12% 0.18% 0.48% 0.47% 0.06% 0.72% 24,337,613 37,515,457 24,337,613 37,515,457 (4,297,668) (5,148,668) 9.34% 14.40% 41,130,669 26,750, ,154 (131,900) 68,431,424 1,958, ,484 1,991,742 28,635,281 42,664,125 39,172,065 26,749, ,670 (131,900) 66,439,682 41,130,669 26,750, ,154 (131,900) 68,431,424 Specific Ownership Tax Equalized Specific Ownership Tax Remaining Tuition From Individuals Summer School Tuition Full ay Kindergarten Tuition Preschool Tuition Investment Interest Charter School Services Rental Revenue Crossing Guards Parking Fees Advertising Revenue Insunce Claims Other Miscellaneous Revenue PCAR Rebate Revenue Unanticipated onations and Gnts Total Local Revenue Sources 4,295,596 5,176,485 10, , , , ,000 30,000 65,000 15,000 10, ,000 78,505,546 4,309,912 5,162,169 10, , , , ,000 30,000 65,000 15,000 10, ,000 80,342,125 State Equalization Revenue State Negative Factor Contingent Revenue for Increase in the Pupil Count State Equalization Genel Fund 147,745,996 (22,157,660) 651, ,239, ,242,814 (22,263,068) 2,908, ,888,366 Vocational Education Special Education Gied & Talented English Language Learners (ELL) Charter School Capital Construction Total State Revenue Sources 1,850,000 3,400, , , , ,715,328 Property Taxes Current Property Taxes Override Property Taxes Abatement Levy Property Taxes Uncollectible Total Property Tax Revenue 4,309,912 5,162,169 10, , , , ,000 30,000 65,000 15,000 10, ,000 80,542,125 14,316 (14,316) 25,000 19,837 2,036, % % 0.00% 0.11% 0.31% 0.12% 0.04% 0.12% 0.07% 0.01% 0.02% 0.01% 0.00% 0.10% 0.04% 0.08% 30.93% 152,242,814 (22,263,068) 2,908, ,888,366 4,496,818 (105,408) 2,257,016 6,648, % % % % 1,850,000 3,400, , , , ,418,907 1,850,000 3,400, , , , ,418,907 55,153 6,703, % 1.31% 0.08% 0.08% 0.34% 53.50% 950,000 1,800,000 2,850, ,000 1,800,000 2,850, ,000 1,800,000 2,850, % 0.36% 0.69% 1.09% 214,070, ,611, ,811,032 8,740, % epartment of efense (JROTC) Medicaid Revenue Impact Aid Total Fedel Revenue Sources Total Revenues 15.79% % 0.26% 0.05% 26.27% Other Financing Sources Tnsfer from Food Services Fund 0.08% Total Revenues & Other Financing Sources 214,270, ,811, ,011,032 8,740, % Total Revenues, Other Sources & Fund Balances 256,934, ,811,032 37,715, ,526,489 3,591,490 FY ,328,947 Variance 8,621, These items make up the School Finance Act Total Progm Funding amount of: FY ,707,601 The Total Progm Funding change is equal to 8,621,346 ( 178,328, ,707,601 ) Total Progm Funding is based on a Funded Pupil Count of 24,524.2, which includes 3,452.0 charter school students. 8

9 Academy istrict 20 GENERAL FUN Schedule of Revenues and Fund Balance FY ESCRIPTION Beginning Fund Balances NONSPENABLE Prepaid Items RESTRICTE FOR TABOR Reserve ASSIGNE TO Risk Related Activity Contctual Obligations Employee Benefit Progms Longevity Bonus Medicaid Economic evelopment Service Contct School Supply Carryover UNASSIGNE Appropriated Opeting Reserve Total Fund Balance Specific Ownership Tax Specific Ownership Tax Remaining Tuition From Individuals Summer School Tuition Full ay Kindergarten Tuition Preschool Tuition Investment Interest Charter School Services Rental Revenue Crossing Guards Parking Fees Advertising Revenue Insunce Claims Other Miscellaneous Revenue PCAR Rebate Revenue Unanticipated onations and Gnts Total Local Revenue Sources Revenue State Equalization State Negative Factor Contingent Revenue for Increase in the Pupil Count Revenue Genel Fund 4,593,000 3,165,694 61, ,846 2,000,000 1,539,090 4,853,000 66,896 33,155 3,881, , ,213 1,687,000 1,888,563 FY Change epartment of efense (JROTC) & Other Fed Medicaid Revenue Public Law 874Impact Aid Total Fedel Revenue Sources % of 66, % 5,132, % 3,434,527 (1,000,000) 149,000 2,434, , % 0.12% 0.18% 0.48% 0.47% 0.06% 0.72% (4,297,668) (5,148,668) 24,337,613 37,515, % 14.40% 3,626, , ,624 1,461,000 1,685,273 23,874,811 35,855,032 23,756,488 37,008,467 24,704,710 37,398,778 28,635,281 42,664,125 39,172,065 26,749, ,670 (131,900) 66,439,682 1,958, ,484 1,991,742 41,130,669 26,750, ,154 (131,900) 68,431, % % 0.26% 0.05% 26.27% 3,457,213 4,716,390 31, , , ,892 50, , ,382 32,826 63,326 31, , , , ,546 72,694,499 3,938,816 4,746,839 10, , , ,595 58, , ,911 49,438 66,120 10,206 31, , , ,973 74,641,595 3,962,465 5,509,617 21, , , , , , ,904 32,567 68,306 17,337 63, , , ,147 77,723,637 4,295,596 5,176,485 10, , , , ,000 30,000 65,000 15,000 10, ,000 78,505,546 14,316 (14,316) 25,000 19,837 2,036,579 4,309,912 5,162,169 10, , , , ,000 30,000 65,000 15,000 10, ,000 80,542, % % 0.00% 0.11% 0.31% 0.12% 0.04% 0.12% 0.07% 0.01% 0.02% 0.01% 0.00% 0.10% 0.04% 0.08% 30.93% 147,745,996 (22,157,660) 651, ,239,940 4,496,818 (105,408) 2,257,016 6,648, ,242,814 (22,263,068) 2,908, ,888,366 1,850,000 3,400, , , , ,715,328 55,153 6,703,579 1,850,000 3,400, , , , ,418, , ,861 1,736,350 3,138,825 1,324,996 3,570, , ,327 51, , ,824, % % % % 529, ,063 1,416,793 2,896, ,000 1,800,000 2,850, ,000 1,800,000 2,850, % 0.36% 0.69% 1.09% 8,740, ,811, % 35,746,987 25,535, ,802 (142,168) 61,381,579 35,541,628 26,771, , ,733 63,108,440 38,259,893 26,625, ,367 (122,599) 65,260, ,328,866 (26,715,563) 107,613,303 1,078,709 3,459, ,299 79, , ,739, ,713,577 (23,137,138) 115,576, ,756,828 (22,048,623) 121,708,205 1,408,167 3,518, , ,975 5, , ,397,205 Vocational Education Special Education Gied & Talented English Language Learners (ELL) Other State Revenue Charter School Capital Construction Total State Revenue Sources FY Final Property Taxes Current Property Taxes Override Property Taxes Abatement Levy Property Taxes Uncollectible Total Property Tax Revenue Audited Revenues FY FY FY ,261 1,350,506 1,975, % 1.31% 0.08% 0.08% 0.00% 0.34% 53.50% Total Revenues 187,409, ,177, ,444, ,070,874 Other Financing Sources Opeting tnsfer from Food Services Fund 0.08% 199,377, ,609,593 Total Revenues & Other Financing Sources 208,644, ,270,874 8,740, ,011, % Total Revenues, Other Sources & Fund Balances 223,464, ,386, ,043, ,934,999 3,591, ,526,489 Total Resources Appropriated 1) These items make up the School Finance Act Total Progm Funding amount Total Progm Funding as a % of Total Revenue 146,817, % 155,056, % 163,930, % 169,707, % Total Progm Funding is based on a Funded Pupil Count of 24,524.2, which includes 3,452.0 charter school students. Total Revenues & Other Financing Sources 6,364, ,328, % 187,609, ,377, ,644, ,270, ,011,032 Funded Pupil Count 23,227 23,306 23,702 24,124 24,524 Amount Per Pupil 8,077 8,555 8,803 8,882 9,094 9

10 Academy istrict 20 FY Expenditures and Tnsfers by Progm Technology Fund 2.7% irect Instruction, Student & Staff Support 73.2% Tnsportation Fund 2.4% Other Services Risk Management 0.2% 1.3% Capital Reserve Capital Projects Fund 1.2% Maintenance, Opetions & Security 8.5% Genel Administtion 0.8% School Administtion 7.8% Business Administtion 1.1% Centl Services 0.8% Total Appropriated Expenditures and Tnsfers 223,867,029 Total Appropriated Reserves 36,659,460 Total Genel Fund Appropriation 260,526,489 10

11 Academy istrict 20 FY Expenditures and Tnsfers by Object Technology Fund 2.7% Tnsportation Fund 2.4% Administtor Salaries & Benefits 6.7% Teacher Salaries & Benefits 49.1% Capital Outlay & Other Expenses 0.5% Capital Reserve Capital Project Fund 1.0% Charter School 12.5% Professional Salaries & Benefits 1.1% Classified Salaries & Benefits 12.6% Supplies & Materials 5.1% Purchased Services 6.3% Total Appropriated Expenditures and Tnsfers 223,867,029 Total Appropriated Reserves 36,659,460 Total Genel Fund Appropriations 260,526,489 11

12 Academy istrict 20 GENERAL FUN FY Adopted Expenditure Summary by Progm ESCRIPTION Regular Instruction Charter School Special Education Gied and Talented Education Total Instructional Services Pupil Services Instructional Staff Total Student Support Total Instruction and Student Support Genel Administtion School Administtion Business Administtion Centl Services Risk Management Total Administtion % 81,481,246 23,337,203 13,406,548 2,310, ,535, % 12.52% 7.19% 1.24% 64.64% 1,583,768 14,900,074 2,231,064 1,351,105 2,653,089 22,719, % 7.99% 1.20% 0.72% 1.42% 12.18% 7,598,443 5,683,219 13,281, ,816, % 3.05% 7.13% 71.77% Audited Expenditures FY Amount % FY Amount Community Services Noninstructional Services Total Other Services Total Administtion & Support Services INTERFUN TRANSFERS Tnsportation Fund Capital Reserve Capital Project Fund Technology Fund Total Tnsfers Total Expenditures and Tnsfers % 86,532,299 25,470,904 13,812,228 2,307, ,122, % 12.80% 6.94% 1.16% 64.38% 86,933,131 26,350,810 15,118,558 2,328, ,731, % 12.96% 7.43% 1.15% 64.27% 1,438,478 16,024,503 2,299,608 1,588,530 2,398,148 23,749, % 8.05% 1.16% 0.80% 1.21% 11.94% 1,481,708 16,740,051 2,354,885 1,551,145 2,974,860 25,102, % 8.23% 1.16% 0.76% 1.46% 12.34% 8,945,536 6,158,842 15,104, ,226, % 3.10% 7.60% 71.98% 8,731,093 6,662,428 15,393, ,124, % 3.28% 7.57% 71.84% 1,922,737 10,493,065 4,769,154 17,184, % 5.63% 2.56% 9.22% 1,984,285 10,948,338 4,788,209 17,720, % 5.50% 2.41% 8.91% 1,922,256 11,040,934 4,646,480 17,609, % 5.43% 2.28% 8.66% 529, , , % 0.07% 0.35% 761, , , % 0.06% 0.44% 664, , , % 0.07% 0.40% 40,561, % 42,359, % 43,513, % 4,465,052 3,349,915 4,262,687 12,077, ,456, % 1.80% 2.29% 6.48% 5,090,190 3,252,470 5,058,490 13,401, ,987, % 1.63% 2.54% 6.73% 4,912,430 3,979,732 4,848,490 13,740, ,379, % 1.96% 2.38% 6.76% Security Services Maintenance & Opetions Utilities Total Security, M&O & Utilities FY Amount NONRECURRING RESERVES RESTRICTE TABOR Reserve ASSIGNE Risk Related Activity Contctual Obligations Employee Benefit Progms Longevity Bonus School Supply Carryover UNASSIGNE Appropriated Opeting Reserve Total Appropriated Reserves TOTAL EXPENITURES, TRANSFERS & RESERVES Total Expenditures and Tnsfers Certified Funded Pupil Count Amount Per Pupil % Change in Funded Pupil Count % Change in Amount Per Pupil 186,456, ,987,314 23,227 23,306 8,028 8, % 0.34% 2.86% 6.35% ,379,098 23,702 8, % 0.50%

13 Academy istrict 20 GENERAL FUN FY Adopted Expenditure Summary by Progm Mid Year FY ,768,138 27,132,214 16,787,837 2,480, ,169,164 9,163,865 6,677,623 15,841, ,010,652 1,796,625 16,770,943 2,491,180 1,712,091 3,110,110 25,880,949 RECURRING EXPENITURES % 42.73% 12.37% 7.65% 1.13% 63.88% 97,808,016 27,918,409 18,376,890 2,400, ,503, % 3.04% 7.22% 71.10% 2,224,575 11,422,978 4,991,390 18,638, % 5.21% 2.27% 8.49% 445, , , % 0.06% 0.26% 45,106, % 5,106,180 7,954,039 5,242,475 18,302, ,419, % 3.63% 2.39% 8.35% 10,565,925 6,686,745 17,252, ,756, % 7.64% 1.14% 0.78% 1.42% 11.80% 97,808,016 27,918,409 18,376,890 2,400, ,503,495 10,565,925 6,686,745 17,252, ,756,165 1,882,085 17,371,509 2,449,430 1,739,595 3,116,000 26,558,619 1,882,085 17,371,509 2,449,430 1,739,595 3,116,000 26,558,619 2,235,505 11,823,135 4,879,450 18,938,090 %of BUGET ESCRIPTION 43.69% 12.47% 8.21% 1.07% 65.44% Regular Instruction Charter School Special Education Gied and Talented Education Total Instructional Services 0.84% 7.76% 1.09% 0.78% 1.39% 11.86% Genel Administtion School Administtion Business Administtion Centl Services Risk Management Total Administtion 4.72% 2.99% 7.71% 73.15% Pupil Services Instructional Staff Total Student Support Total Instruction and Student Support 2,235,505 11,823,135 4,879,450 18,938, % 5.28% 2.18% 8.46% Security Services Maintenance & Opetions Utilities Total Security, M&O & Utilities 387, , , % 0.07% 0.24% Community Services Noninstructional Services Total Other Services 46,031, % 5,340,230 2,777,875 5,960,925 14,079, ,867,029 5,340,230 2,777,875 5,960,925 14,079, ,867, % 1.24% 2.66% 6.29% AJUSTE FY Adopted NONRECURRING TOTAL EXPENITURES BUGET 387, , ,125 46,031,834 Total Administtion & Support Services INTERFUN TRANSFERS Tnsportation Fund Capital Reserve Capital Project Fund Technology Fund Total Tnsfers Total Expenditures and Tnsfers 24,337,613 37,515,457 23,029,000 36,659,460 23,029,000 36,659,460 NONSPENABLE Prepaid Items RESTRICTE TABOR Reserve ASSIGNE Risk Management Reserve Contctual Obligations Employee Benefit Progms Longevity Bonus Medicaid Economic evelopment Service Contct School Supply Carryover UNASSIGNE Appropriated Opeting Reserve Total Appropriated Reserves 256,934, ,867,029 36,659, ,526,489 TOTAL EXPENITURES, TRANSFERS & RESERVES 223,867,029 Total Expenditures and Tnsfers 66,896 2,434, ,000 2,934, ,000 1,220, ,860 1,887,000 2,934, ,000 1,220, ,860 1,887, ,419,542 24,124 24,524 9,095 9, % 1.66% 5.99% 0.36% 13 Certified Funded Pupil Count Amount Per Pupil % Change in Funded Pupil Count % Change in Amount Per Pupil

14 Academy istrict 20 GENERAL FUN FY Adopted Expenditure Summary by Object FY Amount % ESCRIPTION SALARY AN BENEFITS Teacher Salaries Teacher Benefits Subtotal Teachers Salaries & Benefits Administtor Salaries Administtor Benefits Subtotal Administtor Salaries & Benefits TOTAL SALARY AN BENEFITS 40.32% 9.78% 50.10% 1,759, ,071 2,208, % 0.24% 1.18% 10,365,241 2,300,846 12,666,087 Professional Salaries Professional Benefits Subtotal Professional Salaries & Benefits Classified Salaries Classified Benefits Subtotal Classified Salaries & Benefits 75,169,487 18,240,183 93,409,670 17,645,102 5,015,473 22,660, ,944, % 1.23% 6.79% 9.46% 2.69% 12.15% 70.22% Audited Expenditures FY Amount % 78,797,234 19,872,808 98,670, % 9.99% 49.61% 1,955, ,318 2,461, % 0.25% 1.23% 10,730,795 2,450,790 13,181,585 18,514,784 5,426,515 23,941, ,254, % 1.23% 6.62% 9.30% 2.73% 12.03% 69.49% FY Amount % 79,015,427 20,953,655 99,969, % 10.30% 49.15% 2,034, ,254 2,566, % 0.26% 1.26% 11,027,388 2,655,212 13,682, % 1.31% 6.73% 18,768,004 5,764,661 24,532, % 2.83% 12.06% 140,750, % 10,850,002 8,428, , ,767 20,096, % 4.52% 0.16% 0.28% 10.78% 11,886,877 8,862, , ,130 21,861, % 4.45% 0.30% 0.26% 10.98% 13,184,401 8,247, , ,853 22,536, % 4.06% 0.27% 0.28% 11.08% INTERFUN TRANSFERS Charter Schools Tnsportation Fund Capital Reserve Capital Project Fund Technology Fund TOTAL INTERFUN TRANSFERS 23,337,203 4,465,052 3,349,915 4,262,687 35,414, % 2.39% 1.80% 2.29% 19.00% 25,470,904 5,090,190 3,252,470 5,058,490 38,872, % 2.56% 1.63% 2.54% 19.53% 26,350,810 4,912,430 3,979,732 4,848,490 40,091, % 2.42% 1.96% 2.38% 19.72% TOTAL NONSALARY & INTERFUN TRANSFERS 55,511, % 60,733, % 62,628, % TOTAL RECURRING EXPENITURES 186,456, ,987, ,379,098 NONSALARY EXPENITURES Purchased Services Supplies & Materials Capital Outlay Other Expenses TOTAL NONSALARY EXPENITURES NONRECURRING RESERVES NONSPENABLE Prepaid Items RESTRICTE TABOR Reserve ASSIGNE Risk Related Activity Contctual Obligations Employee Benefit Progms Longevity Bonus Medicaid Economic evelopment Service Contct School Carryover UNASSIGNE Appropriated Opeting Reserve TOTAL APPROPRIATE RESERVES TOTAL EXPENITURES, TRANSFERS & RESERVES Total Expenditures and Tnsfers per Pupil Certified Funded Pupil Count Amount Per Pupil 186,456,158 23, ,987,314 23, ,379,098 23,702 8,028 8,538 8,581 14

15 Academy istrict 20 GENERAL FUN FY Adopted Expenditure Summary by Object FY Adopted NONRECURRING RECURRING TOTAL EXPENITURES EXPENITURES BUGET Mid Year FY AJUSTE % 11,491,850 2,863,450 14,355,300 2,028, ,270 2,626, % 10.14% 47.73% 86,627,650 23,060, ,688, % 1.31% 6.55% 12,010,170 2,985,770 14,995, % 0.27% 1.19% 19,942,635 6,713,820 26,656, ,401, % 13,486,831 11,371, , ,045 25,583, % 5.18% 0.08% 0.25% 11.66% 27,132,214 5,106,180 7,954,039 5,242,475 45,434, % 2.33% 3.63% 2.39% 20.72% 12,010,170 2,985,770 14,995,940 2,029, ,410 2,559, % 3.06% 12.15% 86,627,650 23,060, ,688,205 2,029, ,410 2,559,340 21,663,118 6,623,404 28,286, ,530,007 21,663,118 6,623,404 28,286, ,530, % 10.30% 48.99% 5.36% 1.33% 6.70% 0.91% 0.24% 1.14% 9.68% 2.96% 12.64% 69.47% ESCRIPTION SALARY AN BENEFITS Teacher Salaries Teacher Benefits Subtotal Teachers Salaries & Benefits Administtor Salaries Administtor Benefits Subtotal Administtor Salaries & Benefits Professional Salaries Professional Benefits Subtotal Professional Salaries & Benefits Classified Salaries Classified Benefits Subtotal Classified Salaries & Benefits TOTAL SALARY AN BENEFITS 14,137,967 11,483, , ,245 26,339, % 5.13% 0.08% 0.24% 11.77% NONSALARY EXPENITURES Purchased Services Supplies & Materials Capital Outlay Other Expenses TOTAL NONSALARY EXPENITURES 27,918,409 5,340,230 2,777,875 5,960,925 41,997, % 2.39% 1.24% 2.66% 18.76% INTERFUN TRANSFERS Charter Schools Tnsportation Fund Capital Reserve Capital Project Fund Technology Fund TOTAL INTERFUN TRANSFERS 82,503,950 22,259, ,763,182 % of BUGET 14,137,967 11,483, , ,245 26,339,583 27,918,409 5,340,230 2,777,875 5,960,925 41,997,439 71,018, % 68,337,022 68,337, % 219,419, ,867, ,867,029 66,896 2,434, ,000 TOTAL NONSALARY & INTERFUN TRANSFERS TOTAL RECURRING EXPENITURES NONRECURRING RESERVES NONSPENABLE Prepaid Items RESTRICTE TABOR Reserve ASSIGNE Risk Related Activity Contctual Obligations Employee Benefit Progms Longevity Bonus Medicaid Economic evelopment Service Contct School Carryover UNASSIGNE Appropriated Opeting Reserve TOTAL APPROPRIATE RESERVES 24,337,613 37,515,457 23,029,000 36,659,460 23,029,000 36,659, ,934, ,867,029 36,659, ,526,489 TOTAL EXPENITURES, TRANSFERS & RESERVES 219,419,542 24, ,867,029 24,524 Total Expenditures and Tnsfers per Pupil Certified Funded Pupil Count 9,095 9,128 2,934, ,000 1,220, ,860 1,887,000 2,934, ,000 1,220, ,860 1,887, Amount Per Pupil

16 Academy School istrict No. 20 FOO SERVICE FUN Schedule of Revenues, Expenses and Retained Earnings FY Adopted with Midyear Modifications Beginning Fund Balance Contctual Obligations Assigned for Future Projects Total Beginning Fund Balance Opeting Revenue Charges For Services Total Opeting Revenues 1,334,438 1,334,438 Audited , , , , Final 479, , Adopted Changes (265,000) (265,000) 214, ,771 3,223,319 3,223,319 3,066,290 3,066,290 3,196,517 3,196,517 3,265,000 3,265, , ,000 3,400,000 3,400, ,974 1,470, ,182 1,438, ,657 1,587, ,000 1,500, ,000 1,600,000 67,941 1,850,480 81,701 1,865,691 81,492 2,032,278 80,000 1,930,000 80,000 2,130,000 Total Resources Available 6,408,237 5,855,610 5,779,367 5,674,771 70,000 5,744, ,974 4,532,036 61,561 58,131 4,963, ,182 4,331, ,155 5,105, ,657 4,352, ,471 5,099, ,000 4,585, ,000 5,260,000 15,000 (45,000) 70, ,000 4,600, ,000 5,330,000 NonOpeting Revenue Fedel Sources USA Commodities Fedel Reimbursement State Sources State Support Total NonOpeting Revenues Opeting Expenses USA Commodities Contcted Services epreciation Expense ** Other Expense Total Opeting Expenditures NonOpeting Expense Opeting Tnsfer Out Total NonOpeting Expenditures Total Expenses Prior Period Adjustment ** Fund Balance Contctual Obligations Assigned for Future Projects Total Fund Balance 5,163,702 5,305,038 5,299,596 5,460,000 70,000 5,530, , , , , , , , , , , ,771 70,000 5,744,771 (320,906) Total Appropriation 5,674,771 ** Please note in FY the Food Service Fund has moved from an Enterprise Fund to a Special Revenue Fund. All Fund Balance associated with Fixed Assets will be treated as a prior period adjustment. 16

17 Academy School istrict No. 20 ESIGNATE PURPOSE GRANTS FUN BUGET Schedule of Revenues and Expenditures FY Adopted Beginning Fund Balance Revenues Title IA (84.010) IEA Part B (84.027) Perkins Basic gnt (84.048) S.W.A.P. IEA Preschool (84.173) Title IIIA Language Instruction for ESL Students (84.365) Title III Language Instr for ESL StudentsSet Aside Immignt (84.365) Title IIA (84.367) oeapromoting Student AchievementMilitary Impact (12.556) Medicaid Reimbursement/Other Fedel Gnts Expelled and AtRisk Student Services (EARSS) REA ACT State Gnts Future Gnts 932,845 2,969,675 72, ,150 59,565 33, , , , , ,022 1,067,786 3,027,073 78, ,473 60,582 30,653 6,003,669 Total Revenues 6,003, Final Changes Expenditures Title IA (84.010) IEA Part B (84.027) Perkins Basic gnt (84.048) S.W.A.P. (84.126) IEA Preschool (84.173) Title IIIA Language Instruction for ESL Students (84.365) Title III Language Instr for ESL StudentsSet Aside Immignt (84.365) Title IIA (84.367) oeapromoting Student AchievementMilitary Impact (12.556) Medicaid Reimbursement Expelled and AtRisk Student Services (EARSS) REA ACT State Gnts Future Gnts Total Expenditures Ending Fund Balance 932,845 2,969,675 72, ,150 59,565 33, , , , , ,022 6,003, Adopted 244, ,205 23, , , ,372 3,129,246 73, ,197 64,349 27,296 32, , ,014 8, , , ,840 1,106,000 3,615,000 84, ,000 79,500 47, , , , , , , ,000 (321,000) 21,000 10,500 3,000 (302,000) (73,500) 53, ,000 6,046,389 6,440,476 7,500,000 () 7,400,000 (321,000) 21,000 10,500 3,000 (302,000) (73,500) 53, , ,000 3,615,000 84, ,000 90,000 50, , ,000 25, , , , ,000 6,046,389 () 7,500,000 6,440,476 Total Funds Available Audited ,067,786 3,027,073 78, ,473 60,582 30, , ,205 23, , , ,372 3,129,246 73, ,197 64,349 27,296 32, , ,014 8, , , ,840 6,046,389 6,440,476 1,106,000 3,615,000 84, ,000 79,500 47, , , , , , , ,000 7,500,000 () 785,000 3,615,000 84, ,000 90,000 50, , ,000 25, , , , ,000 7,400,000 7,400,000 NOTE: The istrict's esignated Purpose Gnt Fund is used to account for the various fedel, state and local gnts awarded to the istrict to accomplish specific activities. ue to the requirements for gnts accounting, fund balance accumulations are not permitted. 17

18 Academy School istrict No. 20 TRANSPORTATION FUN Schedule of Revenues, Expenditures and Fund Balance FY Adopted Nonspendable, Prepaid Items Assigned For Future Projects Assigned for Activity Bus Replacement Total Beginning Fund Balance Audited ,866 32, , ,334 64, ,384 1,027,342 80,000 1,107, Final 5,275 1,481, ,778 1,594,410 Changes Adopted (5,275) (36,153) 1,445,204 28, ,000 (13,206) 1,581,204 1,561, , , ,546 2,395,398 1,570, , , ,640 2,495,004 1,734, , , ,743 2,622,140 1,679, , , ,000 2,559,264 (264) (30,000) (30,264) 1,679, , , ,000 2,529,000 Other Financing Sources Opeting Tnsfer In Total Financing Sources 4,465,052 4,465,052 5,090,190 5,090,190 4,912,430 4,912,430 5,106,180 5,106, , ,050 5,340,230 5,340,230 Total Resources Available 7,025,341 8,028,578 8,641,912 9,259, ,580 9,450, , , , , , , , , , , ,000 75,000 1,048,440 54,650 (14,000) 40, , ,000 75,000 1,089,090 3,318, ,925 4,206,275 3,633, ,551 4,297,791 3,810, ,164 4,271,738 3,979, ,000 4,685, ,250 14, ,250 4,079, ,000 4,799, , , , , , , , ,440 43,130 43, , , , , ,029 6,581, , ,660 1,013,124 6,921, , ,030 1,111,474 7,047, , ,700 1,072,530 7,678,650 36,020 36, , , ,700 1,108,550 7,912,700 64, ,334 80,000 1,027,342 5, ,778 1,481, ,000 1,445,204 30,000 (73,470) 166,000 1,371,734 7,025,341 8,028,578 8,641,912 9,259,854 Revenues State Tnsportation Field Trip Revenue Student Tnsportation Trip Charge Other Total Revenues Opeting Expenditures Tnsportation Administtion (2710) Salaries & Benefits Nonsalary Contingency Subtotal Bus Opetion (2720) Salaries & Benefits Fuel & other Subtotal Bus Monitors (2730) Salaries & Benefits Nonsalary Subtotal Vehicle Maintenance (2740) Salaries & Benefits Nonsalary Subtotal Total Expenditures and Tnsfers Nonspendable, Prepaid Items Assigned for Activity Bus Replacement Assigned for Future Projects, End of Year Total Appropriation ,580 9,450,434

19 Academy School istrict No. 20 BON REEMPTION FUN Schedule of Revenues, Expenditures and Fund Balance FY Adopted Audited Restricted Fund Balance, Beginning of Year 25,634, ,737, ,678, Final 25,929, Adopted Changes (396,588) 25,532,530 Revenues Property Taxes Current Investment Income Total Revenues 17,686,288 22,969 17,709,257 Other Financing Sources Proceeds from Refunding Bonds Total Other Financing Sources 16,952,871 22,757 16,975,628 Total Resources Available 20,181,722 54,784 20,236,506 32,296,574 32,296,574 43,344,016 74,009,999 1,215,000 2,710, ,000 2,845, ,000 20,946,416 20,000 20,966,416 43,915,106 46,895,534 2,384, ,000 2,508,159 23,330, ,000 23,474,575 2,111,571 49,007,105 Partial efeasance by Series 2010 Refunding Bonds Expenditures Principal Retirement 2003 G.O. (22.125m) 2004 Refunding (44.175m) 2004B G.O. (17.285m) 2006 G.O. (26.357m) 2006B Refunding (12.065m) 2007 G.O. (22.2m) 251,395 1,590,000 1,250,000 Partial efeasance by Series 2015 Refunding Bonds 1,655,000 1,305,000 86,416 1,365,000 60,291 1,420,000 42,064 29,342 5,510,000 5,775,000 5,930,000 40,000 2,505,000 2,615,000 7,922,811 12,365,291 12,077, G.O. (22.125m) 2004 Refunding (44.175m) 2004B G.O. (17.285m) 2006 G.O. (26.357m) 2006B Refunding (12.065m) Partial efeasance by Series G.O. (22.2m) Refunding Bonds 2010 G.O. Refunding (58.38m) 2011 G.O. Refunding (16.52m) 2012 G.O. Refunding (25.545m) 2014 G.O. Refunding (8.14m) 2015 G.O. Refunding (21.4m) 2017 G.O. (160m) Total Interest Payments Total ebt Service Expenditures 30, ,500 51,657 1,468, ,356 1,910,209 5,206, , ,450 10,672,758 18,595,569 71,125 17,438 98, ,063 1,426,271 2,266, , , , ,041 5,662,640 18,027,931 Annual Paying Agent Fees Total Expenditures 10,650 18,606,219 9,338 18,037, G.O. Refunding (16.52m) 2012 G.O. Refunding (25.545m) 2014 G.O. Refunding (8.14m) 2015 G.O. Refunding (21.4m) 2017 G.O. (160m) Total Principal Payments 90,000 Restricted Fund Balance, End of Year 24,737,797 23,678,600 Mill Levy ,335,029, ,485, , , ,000 6,205, ,000 1,130,000 11,599,342 2,685,658 1,595,000 14,285,000 33, , ,436 2,077, ,500 1,444, , ,988 5,899,874 17,976,938 95, ,159 1,866, ,400 2,042, , ,488 3,502,952 9,737,662 21,337,004 (62,659) (923,909) (236,550) (173,050) (1,274,800) (59,363) (4,550) 3,755,075 1,020,194 3,705,852 32,484 23,250 1,630, , ,000 70, ,938 7,258,027 10,757,856 25,042,856 9,050 17,985,988 26,000 21,363,004 3,705,852 26,000 25,068, ,000 25,929,118 1,308,708,900 65,000 1,595,000 Total Appropriation Assessed Valuation 2,145,000 1,535,000 32,294,130 32,294, , , , ,000 Other Financing Uses Payments to Escrow Agent & Paying Agent Total Other Financing Uses 85,000 Interest Payments 1,425, G.O. Refunding (58.38m) 1,432,791, (2,050,000) 230,000 25,532,530 (1,594,281) 46,895,534 2,111,571 1,453,401,060 72,670, ,000 5, ,938,249 49,007,105 1,526,071,

20 Academy istrict 20 ebt Service Schedule for All istrict Bonds FY Series 2010 Refunding Principal (3) Interest 6,205, , ,422 6,405, , ,047 6,720, , ,172 7,035, , ,297 7,425, ,297 87,672 1,805,000 87,672 42,547 1,945,000 42,547 Series 2011 Refunding Principal (4) Interest 1,130, , ,200 1,170, , ,800 1,220, ,800 79,400 1,270,000 79,400 54,000 1,325,000 54,000 27,500 1,375,000 27,500 Series 2012 Refunding Principal (5) Interest 2,145, , ,275 2,190, , ,375 2,210, , ,275 2,250, , ,525 2,255, , ,700 2,415, , ,400 3,890, , ,600 4,095, ,600 53,700 2,685,000 53,700 Series 2007 Principal (2) Interest 930,000 23,250 Month ec17 Jun18 ec18 Jun19 ec19 Jun20 ec20 Jun21 ec21 Jun22 ec22 Jun23 ec23 Jun24 ec24 Jun25 ec25 Jun26 ec26 Jun27 ec27 Jun28 ec28 Jun29 ec29 Jun30 ec30 Jun31 ec31 Jun32 ec32 Jun33 ec33 Jun34 ec34 Jun35 ec35 Jun36 ec36 Jun37 ec37 Jun38 ec38 Jun39 ec39 Jun40 ec40 TOTAL Series 2006B Refunding Principal (1) Interest 1,485,000 32,484 1,485,000 32, ,000 23,250 37,540,000 5,316,284 7,490, ,950 24,135,000 4,422,425 (1) Bond Series 2006B issued million of Refunding Bonds for the Series 1997 (2) Bond Series 2007 issued 22.2 million of the 163 million authorized (final series) (3) Bond Series 2010 issued million of refunding for Series 2002 & 2003 (4) Bond Series 2011 issued 8.26 million of refunding for Series 2004B (5) Bond Series 2012 issued million of refunding for Series 2004B and Series 2006 (6) Bond Series 2014 issued 8.14 million of refunding for eligible Series 2004 (7) Bond Series 2015 issued 21.4 million of refunding for eligible Series 2007 (8) Bond Series 2017 issued 160 million of the 230 million authorized 20

21 Academy istrict 20 ebt Service Schedule for All istrict Bonds FY Series 2014 Refunding Principal (6) Interest 565,000 38,738 31, ,000 31,675 24, ,000 24,425 15, ,000 15,500 7, ,000 7,875 Series 2015 Refunding Principal (7) Interest 230, , ,819 1,125, , ,569 1,150, , ,194 1,175, , ,694 1,225, , ,194 2,455, , ,094 2,545, , ,463 2,605, , ,900 2,670, , ,500 2,780, ,500 57,900 2,895,000 57,900 Series 2017 Principal (8) 1,595, , ,000 2,810,000 4,130,000 7,930,000 6,285,000 7,740,000 4,250,000 6,375,000 6,290,000 8,585,000 Interest 3,502,952 3,755,075 3,755,075 3,740,575 3,740,575 3,725,275 3,725,275 3,669,075 3,669,075 3,586,475 3,586,475 3,427,875 3,427,875 3,302,175 3,302,175 3,147,375 3,147,375 3,062,375 3,062,375 2,934,875 2,934,875 2,777,625 2,777,625 2,563,000 2,563,000 2,338,500 2,338,500 2,103,500 2,103,500 1,857,500 1,857,500 1,600,000 1,600,000 1,434,500 1,434,500 1,260,625 1,260,625 1,078,125 1,078, , , , , , , , , ,812,752 Principal 14,285, ,195, ,660, ,150, ,990, ,980, ,665, ,440, ,605, ,155, ,185, ,585, ,980, ,400, ,840, , 0 6,620, ,955, , 0 7,670, ,050, ,455, ,145, ,805, ,415,000 Interest 5,357,390 5,400,466 5,400,466 5,168,791 5,168,791 4,923,816 4,923,816 4,601,466 4,601,466 4,240,541 4,240,541 3,911,916 3,911,916 3,637,238 3,637,238 3,367,975 3,367,975 3,175,875 3,175,875 2,992,775 2,992,775 2,777,625 2,777,625 2,563,000 2,563,000 2,338,500 2,338,500 2,103,500 2,103,500 1,857,500 1,857,500 1,600,000 1,600,000 1,434,500 1,434,500 1,260,625 1,260,625 1,078,125 1,078, , , , , , , , , ,806,602 Total Total Combined Fiscal Year ebt Service ebt Service 19,642,390 5,400,466 25,042,855 17,595,466 * 5,168,791 22,764,256 17,828,791 4,923,816 22,752,606 20,073,816 4,601,466 24,675,281 21,591,466 4,240,541 25,832,006 20,220,541 3,911,916 24,132,456 18,576,916 3,637,238 22,214,153 18,077,238 3,367,975 21,445,213 12,972,975 3,175,875 16,148,850 12,330,875 2,992,775 15,323,650 12,177,775 2,777,625 14,955,400 11,362,625 2,563,000 13,925,625 11,543,000 2,338,500 13,881,500 11,738,500 2,103,500 13,842,000 11,943,500 1,857,500 13,801,000 12,157,500 1,600,000 13,757,500 8,220,000 1,434,500 9,654,500 8,389,500 1,260,625 9,650,125 8,560,625 1,078,125 9,638,750 8,748, ,375 9,634,500 8,936, ,125 9,621,500 9,140, ,750 9,613,875 9,618, ,125 9,863,875 10,050, ,221, ,171,477 8,980,000 Total Combined 9,400,000 9,840,000 10, 6,620,000 6,955,000 7, 7,670,000 8,050,000 8,455,000 9,145,000 2,980, ,688 20,855,000 5,073,769 9,805, ,000,000 Total Calendar Year ebt Service 24,999,780 22,995,931 22,997,581 24,997,631 26,192,931 24,461,081 22,488,831 21,714,475 16,340,950 15,506,750 15,170,550 14,140,250 14,106,000 14,077,000 14,047,000 14,015,000 9,820,000 9,824,000 9,821,250 9,826,250 9,822,750 9,825,250 10,092,500 10,295, ,578,992 * Projected Fund Balance at June 30, 2018 is 23,938,249 and will be sufficient to pay the ecember 2018 debt service requirement. 21 Month ec17 Jun18 ec18 Jun19 ec19 Jun20 ec20 Jun21 ec21 Jun22 ec22 Jun23 ec23 Jun24 ec24 Jun25 ec25 Jun26 ec26 Jun27 ec27 Jun28 ec28 Jun29 ec29 Jun30 ec30 Jun31 ec31 Jun32 ec32 Jun33 ec33 Jun34 ec34 Jun35 ec35 Jun36 ec36 Jun37 ec37 Jun38 ec38 Jun39 ec39 Jun40 ec40 TOTAL

22 Academy School istrict Twenty BUILING FUN Schedule of Revenues, Expenditures and Fund Balance FY Adopted Beginning Fund Balance ASSIGNE Carryover Projects TCA Carryover Arbitge Rebate Project Management BOE Contingency UNASSIGNE Available for Projects Total Beginning Fund Balance Final Adopted 123,324,739 10,980, ,000 8,272,500 1,630, ,324,739 10,980, ,000 8,272,500 1,630, , , , ,000 8,011, ,818,929 8,011, ,818, ,000,000 23,766, ,766,429 (160,000,000) (23,766,429) (183,766,429) (30,197,500) 153,568, , ,500 (761,193) 365,260 52,000 84, ,760 52,000 Other Financing Sources Net Proceeds from Genel Obligations Bonds Bond Premium Total Financing Sources Changes Revenues 1510 Investment Income Total Revenues Total Resources Available Expenditures ebt Issue Costs and Underwriters iscount Professional Services/Project Management Office Rental Capital Outlay Projects: New Construction: Land, Site and Building Improvements Buildings Remodel and Renovation: Land, Site and Building Improvements Buildings Fairness Formula Technology Infstructure Facility Audit Projects TCA Projects Contingency Reserve/Encumbnces Total Expenditures Excess of Resources over Expenditures 183,766,429 5,031,250 5,031,250 9,538,750 3,630,500 1,375,000 1,263,250 3,660,000 30,947,500 21,152,250 21,152,250 20,832,630 7,152,085 1,237,500 2,829,680 5,220,000 79,232, ,818,929 (109,429,962) 121,266,429 10,980, ,000 8,272,500 1,630,000 (97,418,085) (8,880,000) (3,070,760) 26,183,500 26,183,500 30,371,380 10,782,585 2,612,500 4,092,930 8,880, ,179,962 43,388,967 ASSIGNE Carryover Projects TCA Carryover Arbitge Rebate Project Management BOE Contingency UNASSIGNE Available for Projects Fund Balance, End of Year 10,070, ,818,929 (61,117) 10,008,883 (109,429,962) 43,388,967 Total Appropriation 183,766,429 (30,197,500) 153,568, ,848,344 2, 600,000 5,201,740 1,630,000

23 Academy istrict 20 CAPITAL RESERVE CAPITAL PROJECTS FUN Schedule of Revenues, Expenditures and Fund Balance FY Adopted Audited Final 545, ,162 1,574,940 2,468,648 4,874, , ,162 2,085,581 2,880,021 5,796, ,500 2,213, ,691 2,229,265 5,439,911 1,555, , ,274 2,271,224 4,208,094 2, ,993 2, , ,526 1, , ,371 20, , ,332 1, ,293 80, , ,364 1, , ,500 3,349,915 3,349,915 3,252,470 3,252,470 3,979,732 3,979,732 9,877,007 7,954,039 7,954,039 12,452,633 (5,176,164) (5,176,164) 2,777,875 2,777,875 Expenditures Building and Site Modifications & Repairs Security Equipment and Vehicles NonSecurity Equipment and Vehicles Purchase and Renovation Building Subtotal Capital Outlay Projects 1,736, ,400 61,560 2,185,347 1,844,206 1,242, ,414 3,581,100 2,439,657 1,935,816 4,375,473 4,800, ,000 1,250,000 6, (3,) 50,000 (3,250,000) 1,500, ,000 1, 3,050,000 Other Financing Uses Carryover Projects Total Expenditures & Financing Uses 2,943,427 4,352,155 5,668,913 1,706,596 8,006,596 (706,596) (3,956,596) 1,000,000 4,050,000 12,452,633 (4,938,221) 7,514,412 Beginning Fund Balance Restricted for ebt Service Assigned for Arbitge Rebate Assigned for Contctual Obligations Assigned for Capital Projects Assigned for Future Food Service Projects Assigned for Security Systems Assigned for Future Projects Total Beginning Fund Balance Other Financing Sources Tnsfer from Genel Fund Total Financing Sources Total Resources Available 8,739,691 9,792,066 Changes (1,555,874) 1,349, , , , ,000 98, ,080 ebt Services: COP Principal COP Interest Subtotal Principal and Interest Payments Restricted for ebt Service Assigned for Arbitge Rebate Assigned to Contctual Obligations Assigned for Capital Projects Assigned for Future Food Service Projects Assigned for Security Systems Assigned for Future Projects Fund Balance, End of Year 545, ,162 2,085,581 2,880,021 5,796, ,000 71, , ,500 2,213, ,691 2,229,265 5,439, ,265,000 28,440 1,293,440 1,555, , ,274 2,271,224 4,208,094 1,500, , ,000 2,465,763 4,446, Adopted 1,500, , ,000 2,465,763 4,446,037 1, , ,500 (4,938,221) Revenues Investment Income Sale of Assets Miscellaneous Revenue Revenues from Intermediate Sources Land Fees Total Revenues (1,000,000) 250,000 (231,625) (981,625) 7,514, , , ,000 2,234,138 3,464,412