Napa Valley Community College District Financial Statements for the Period Ending March 31,2016. General Fund. Capital Outlay Projects Fund

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1 Napa Valley Cmmunity Cllege District Financial Statements fr the Perid Ending March 31,2016 General Fund Capital Outlay Prjects Fund Child Develpment Fund Pst Retirement Benefits Fund Debt Service Fund - Series A Debt Service Fund - Series B Debt Service Fund - Series C Debt Service Fund - Series A Refunding Debt Service Fund - Series B Refunding Assciated Student Bdy Student Rep Fee Trust Fund

2 FISCAL YEAR Quarterly Financial Status f Incme and Expenditures fr the perid ending March 31, Increasel % Actual Revised Actual (Decrease) Remain FY Budget FY ver Ply this year Revenues Federal Incme $ 1,402,140 $ 2,487,288 $ 1,288,466 $ (113,674) 48.20% State Incme 7,766,610 14,356,268 12,256,897 4,490, % Lcal Incme 21,392,594 32,596,923 23,302,706 1,910, % Other Financing Surces 887,715 1,418, ,901 4, % Ttal Revenues $ 31,449,059 $ 50,858,979 $ 37,739,970 $ 6,290, % Expenditures Salaries and Benefits Academic Salaries $ 10,897,760 $ 16,791,662 $ 11,876,641 $ 978, % Classified Salaries 7,315,424 10,986,721 7,597, , % Emplyee Benefits 6,347,481 9,363,016 6,285,087 (62,394) 32.87% Ttal Salaries and Benefits 24,560,665 37,141,399 25,759,324 1,198, % Bks and Supplies 973,310 1,609, ,047 8, % Other Operating Expenses 4,092,230 6,876,815 4,703, , % Capital Outlay 559,724 1,655, ,360 31, % Ttal Operating Expenses 5,625,264 10,142,028 6,276, , % Other Outg 918,052 3,575,552 1,090, , % Ttal Expenditures $ 31,103,981 $ 50,858,979 $ 33,126,257 $ 2,022, % EXCESSf INCOMEver EXPEND. $ 345,078 $ - $ 4,613,713 $ 4,268,635 General Fund

3 GENERAL FUND BALANCE SHEET AS OF MARCH 31, 2016 ASSETS CURRENT ESTIMATED ASSETS Cash In Cunty Treasury Cash - TRAN Prceeds Revlving Cash Fund Purchasing Fund Accunts Receivable Accunts Receivable - Student Fees Prepaid Expenses Due Frm Other Funds INCOME Estimated Incme Incme Received TOTAL ASSETS 7,577,699 50, , , , ,688 2,436,367 50,858,979 (37,739,970) 12,119,511 13,119,009 25,.238,520 LIABILITIES, APPROPRIATIONS, RESERVES AND FUND BALANCE LIABILITIES Accunts Payable Deferred Payrll Payable Deferred Incme Funds Held in Trust Due t Other Gvernment Agencies Emplyee Benefits Payable GASB Payable Due T Other Funds Sales Tax Payable 501, ,639 57, ,033 1,067 1,273, , ,199 9,083 3,844,609 APPROPRIATIONS Apprpriatin Less: Expenditures Encumbrances 50,858,979 33,126,257 1,472,903 (34,599,160) 16,259,819 RESERVES Reserve Fr Encumbrances 1,472,903 FUND BALANCE Prir Perid Adjustment General Reserve (1,174,547) ~ 4,835,736-3,661,189 TOTAL LIABILITIES, APPROPRIATIONS, RESERVES & FUND BALANCE 25,238,520

4 GENERAL FUND - UNRESTRICTED FINANCIAL REPORT OF INCOME AND EXPENDITURES Fr The Perid Ending March 31, 2016 A. INCOME ADOPTED REVISED AMOUNT % DESCRIPTION BUDGET BUDGET RECEIVED BALANCE REMAIN FEDERAL INCOME FWS Admin Reimbursement 6,510 6,510 6, % PELL Grant Admin Reimbursement 9,500 9,500 9, % SEOG Grant Admin Reimbursement 10,768 10,768 10, % Veterans Educatin 3,500 3, , % Ttal Federal Incme 30,278 30, , % STATE INCOME State General Apprtinments % State General Apprtinments - Other 0 3,230,998 2,547, , % EPA - Educ. Prtectin Act 1,496,880 3,280,303 3,473,003 (192,700) (5.9%) Apprenticeship Apprtinment 36, , ,740 32, % Enrllment Fee Administratin 55,814 72,269 54,924 17, % Tax Relief Subventins 127, ,042 57,097 69, % Lttery Incme 794, , , , % Mandated Csts Reimbursement 250, , , % Other State Incme 294,334 1,350 1,458 (108) (8.0%) Ttal State Incme 3,055,026 7,800,786 6,759,929 1,040, % LOCAL INCOME Secured Rll 25,052,076 24,528,106 16,277,911 8,250, % Unsecured Rll 1,149,030 1,673, , , % Prir Year Taxes 22,187 22,187 9,114 13, % Educ. Revenue Augmentatin Fund % Interest On Prperty Taxes 5,000 5,000 4, % Cntributins 40,000 40, , % Cntract Services 160, , ,604 21, % Sales 1,100 1, , % Rentals 162, , ,712 75, % Interest Incme 32,000 20,000 6,610 13, % Cmmunity Service Fees 978, , , , % Enrllment Fees 2,244,898 2,244,898 2,113, , % Instructinal Material Fees 538, , , , % Nn-Resident Tuitin & Charges 300, , ,852 (44,852) (15.0%) Other Student Fees & Charges 55,200 50,200 43,904 6, % Other Lcal Incme 344, , , , % Ttal Lcal Incme 31,084,641 31,749,231 21,787,326 9,961, % OTHER FINANCING SOURCES 1,378,500 1,378, , , % TOTAL INCOME 35,548,445 40,958,795 29,408,904 11,549, %

5 GENERAL FUND - UNRESTRICTED FINANCIAL REPORT OF INCOME AND EXPENDITURES Fr The Perid Ending March 31, 2016 B. EXPENDITURES ENCUM- UNEMCUM- ADOPTED REVISED EXPENDED BE RED BERED DESCRIPTION BUDGET BUDGET AMOUNT AMOUNT AMOUNT PERCENT ACADEMIC SALARIES Academic Admin. Salaries 2,038,274 2,038,274 1,301, , % Faculty - Regular Scheduled 8,078,539 8,078,539 5,942,105 2,136, % Faculty - NnRegular Scheduled 4,648,762 4,656,059 3,536,736 1,119, % Ttal Academ ic Salaries 14,765,575 14,772,872 10,779, ,992, % CLASSIFIED SALARIES Classified Admin. Salaries 1,573,886 1,573,886 1,056, , % Classified Salaries - Regular 5,921,045 5,921,045 3,835,987 2,085, % Classified Sal - All Others 300, , ,346 (129,627) (27.5%) Student Emplyment 70,000 70,000 45,512 24, % Ttal Classified Salaries 7,865,731 8,035,650 5,538, ,497, % EMPLOYEE BENEFITS State Teachers Retirement Sys 1,352,170 1,142, , , % Public Empl Retirement Syst 1,336,283 1,265, , , % Old Age, Surv, Disab & Hlth Ins 951, , , , % Health And Welfare Benefits 3,715,768 3,735,768 2,513,922 1,221, % State Unemplyment Insur 11,101 14,120 8,226 5, % Wrkers Cmpensatin Insur 418, , , , % Other Emplyee Benefits 24,313 40,184 13,879 26, % Ttal Emplyee Benefits 7,809,676 7,584,209 5,251, ,332, % BOOKS AND SUPPLIES Cmputer Sftware/Bks 24,305 25,199 5, , % Instr Supplies/Materials Fees 537, , , ,850 34, % Office Supplies 43,138 46,868 20,740 22,854 3, % Other Supplies 343, , ,752 80,125 48, % Ttal Bks & Supplies 948,990 1,163, , , , % OTHER OPERATING EXPENSES Other Persnal Services 670,264 1,016, , , , % Travel/Cnf/Prfess Develp 241, , ,782 23,638 69, % Insurance and Utilities 1,446,551 1,700,526 1,133, , , % Maintenance and Repairs 1,313,163 2,196,737 1,733, , , % Legal, Electin and Audit 146, ,900 69,241 17,965 58, % Advertising and Printing 161, , ,531 43,842 66, %

6 GENERAL FUND - UNRESTRICTED FINANCIAL REPORT OF INCOME AND EXPENDITURES Fr The Perid Ending March 31, 2016 B. EXPENDITURES ENCUM- UNEMCUM- ADOPTED REVISED EXPENDED BERED BERED DESCRIPTION BUDGET BUDGET AMOUNT AMOUNT AMOUNT PERCENT Other Services And Expenses 369, , ,314 59, , % Ttal Other Operating Expenses 4,348,895 5,837,242 3,984, ,087 1,114, % CAPITAL OUTLAYS Building Imprve/Other Csts 28,536 58,645 (30,109) 0.0% Library Bks 10,000 10,000 8, , % Equipment - New & Replace't 221, , ,061 76, , % Ttal Capital Outlays 231, , ,123 76, , % OTHER OUTGO Interfund Transfers 1,181,500 1,181, , , % GASB 45 Liability - OPEB 254, ,608 95, , % Unallcated Funds 1,614,014 1,614, % Ttal Other Outg 1,436,108 3,050, ,557 2,089, % TOTAL EXPENDITURES 37,406,475 40,958,795 27,631,000 1,120,781 12,234, %

7 GENERAL FUND - RESTRICTED FINANCIAL REPORT OF INCOME AND EXPENDITURES Fr The Perid Ending March 31, 2016 A. INCOME ADOPTED REVISED AMOUNT BALANCE PERCENT DESCRIPTION BUDGET BUDGET RECEIVED AVAILABLE f BUDGET FEDERAL INCOME Federal Wrk Study Prgram 140, , ,332 35, % Talent Search 290,000 31, ,590 (210,140) (668.2%) Student Supprt Services 195, , , , % HSI Stem Grant 878,605 1,296, , , % VATEA - Title IIC 165, ,583 20, , % CTE Transitins 45,119 45,119 24,115 21, % Small Business Dev. Ctr. Act 200, , , % Trans Fellwship Prgram 25,000 20,000 20, % T.A.N.F. Funding 16,261 16,261 11,881 4, % Other Federal Incme 587, ,593 45, , % Ttal Federal Incme 2,543,138 2,457,010 1,287,766 1,169, % STATE INCOME Apprenticeship Apprtinment 48,000 48,000 68,796 (20,796) (43.3%) Basic Skills Grwth Funds 180, , ,157 1, % Extended Opprtunity Prg & Serv 650, , , , % Disabled Student Prgram & Serv 1,000,000 1,070, , , % Instructinal Equipment - One Time 650, , ,000 77, % Cp Agencies Resurces fr Educ 50,000 49,633 62,421 (12,788) (25.8%) Student Financial Aid Administratin 250, , ,447 66, % EWD Prgrams 250, , , , % T.A.N.F. Funding 16,261 16,261 11,880 4, % Student Supprt Success - Credit 750,000 1,670,142 1,556, , % Student Supprt Success - NnCredit 32,800 82,941 69,682 13, % Student Success (Equity) 250, , , , % CalWrks 143, , ,598 8, % Career Technical Funds 350, , ,619 (77,539) (55.4%) Faculty & Staff Diversity Fund 15,500 15,054 18,827 (3,773) (25.1%) PT Faculty Cmpensatin Funds 166, , ,861 40, % MESA 50,500 50,500 30,300 20, % POST Cntract Incme 98,000 75,000 75, % Fster Parent Training 88,000 46,397 12,454 33, % State Lttery Funds - Restricted 175, , , % Other State Incme 53,039 63, ,918 (184,982) (289.3%) Ttal State Incme 5,267,023 6,555,482 5,496,968 1,058, % LOCAL INCOME Cntributins 65,000 25,000 33,833 (8,833) (35.3%) Cntract Services 100, , ,308 (155,246) (141.1%) Cmmunity Service Fees 10,000 10,000 38,094 (28,094) (280.9%) Health Services Fee 275, , ,472 9, % Technlgy Fees 225, , ,921 4, %

8 GENERAL FUND - RESTRICTED FINANCIAL REPORT OF INCOME AND EXPENDITURES Fr The Perid Ending March 31, 2016 A. INCOME ADOPTED REVISED AMOUNT BALANCE PERCENT DESCRIPTION BUDGET BUDGET RECEIVED AVAILABLE f BUDGET Parking Fees 150, , ,538 (468,282) (318.0%) Other Lcal Incme 370,861 31,574 52,214 (20,640) (65.4%) Ttal Lcal Incme 1,195, ,692 1,515,380 (667,688) (78.8%) OTHER FINANCING SOURCES 40,000 40,000 30,952 9, % TOTAL INCOME 9,046,022 9,900,184 8,331,066 1,569, %

9 GENERAL FUND - RESTRICTED FINANCIAL REPORT OF INCOME AND EXPENDITURES Fr The Perid Ending March 31, 2016 B. EXPENDITURES ACADEMIC ENCUM- UNEMCUM- ADOPTED REVISED EXPENDED BERED BERED DESCRIPTION BUDGET BUDGET AMOUNT AMOUNT AMOUNT PERCENT SALARIES Academic Admin. Salaries 361, , ,815 73, % Faculty - Regular Scheduled 678, , , , % Faculty - Nn Regular Scheduled 452, , , , % Ttal Academ ic Salaries 1,492,594 2,018,790 1,096, , % CLASSIFIED SALARIES Classified Admin. Salaries 407, , ,850 60, % Classified Salaries - Regular 1,221,213 1,893,600 1,129, , % Classified Sal - All Others 1,040, , ,790 54, % Student Emplyment 271, , ,465 11, % Ttal Classified Salaries 2,939,957 2,951,071 2,059, , % EMPLOYEE BENEFITS State Teachers Retirement Sys 76, ,214 54,598 67, % Public Empl Retirement Syst 441, , , , % Old Age, Surv, Disab & Hlth Ins 209, , ,177 97, % Health And Welfare Benefits 633, , , , % State Unemplyment Insur 47,039 2,357 1, % Wrkers Cmpensatin Insur 81,317 86,583 57,597 28, % Other Emplyee Benefits 35,033 18,197 19,118 (921) (5.1%) Ttal Emplyee Benefits 1,524,841 1,778,807 1,033, , % BOOKS AND SUPPLIES Cmputer Sftware/Bks 76,892 14,067 6, , % Instr Supplies/Materials Fees 345, , ,886 61,813 73, % Office Supplies 81,414 33,290 8,076 10,015 15, % Other Supplies 158, ,746 43,064 6,402 68, % Ttal Bks & Supplies 661, , ,952 78, , % OTHER OPERATING EXPENSES Other Persnal Services 407, , , ,262 90, % Travel/Cnf/Prfess Develp 17, , ,473 1,481 88, % Insurance and Utilities 135,113 30,079 60,956 15,427 (46,304) 0.0% Maintenance and Repairs 262, , ,115 6,864 (41,263) (40.6%) Legal, Electin and Audit 1, % Advertising and Printing 20, ,949 42,957 3,756 79, %

10 GENERAL FUND - RESTRICTED FINANCIAL REPORT OF INCOME AND EXPENDITURES Fr The Perid Ending March 31, 2016 B. EXPENDITURES ENCUM- UNEMCUM- ADOPTED REVISED EXPENDED BERED BERED DESCRIPTION BUDGET BUDGET AMOUNT AMOUNT AMOUNT PERCENT Other Services And Expenses 39,733 25,469 20,293 2,283 2, % Ttal Other Operating Expenses 882,967 1,039, , , , % CAPITAL OUTLAYS Building Imprve/Other Csts % Library Bks % Equipment - New & Replace't 1,422,684 1,140, , , , % Ttal Capital Outlays 1,422,684 1,140, , , , % OTHER OUTGO Student Financial Aid 74, ,000 93,973 8,271 37, % Student Reimbursements 47,039 48,416 35,483 10,687 2, % Unallcated Funds 0 337, , % Ttal Other Outg 121, , ,456 18, , % TOTAL EXPENDITURES 9,046,022 9,900,184 5,495, ,122 4,052, %

11 FISCAL YEAR Quarterly Financial Status f Incme and Expenditures fr the perid ending March 31, 2016 Actual FY Revised Budget Actual FV Increasel (Decrease) ver P/v % Remain this year Revenues Ttal Revenues State Incme 469, , , , % Lcal Incme 70, ,250 95,644 25, % ~$~--~53~9~,4~6=7~$~--~8~3~6,~1~73~~$---7~0~3~,0~4~4~$----1~6=3,~5=77~--~1~5~.9 Expenditures Salaries and Benefits Classified Salaries $ 86,156 $ 71,500 $ 88,768 $ 2, % Emplyee Benefits 39,346 28,500 43,552 4, % Ttal Salaries and Benefits 125, , ,320 6, % Bks and Supplies 5, % Other Operating Expenses 125,000 80,441 80, % Capital Outlay 114, , ,595 3, % Ttal Operating Expenses 114, , ,036 83, % Ttal Expenditures $ 239,788 $ 730,500 $ 330,356 $ 90, % EXCESS f INCOME ver EXPEND. $ 299,679 $ 105,673 $ 372,688 $ 73,009 Capital Outlay Fund

12 CAPITAL OUTLAY PROJECTS FUND BALANCE SHEET AS OF MARCH 31, 2016 ASSETS CURRENT ASSETS Cash In Cunty Treasury Accunts Receivable Due frm General Fund ESTIMATED INCOME Estimated Incme Incme Received 972, , ,173 (703,044) 1,266, ,129 TOTAL ASSETS 1,399,295 LIABILITIES, APPROPRIATIONS, RESERVE AND FUND BALANCE LIABILITIES Accunts Payable Due t Other Funds APPROPRIATIONS Apprpriatin Less: Expenditures Encumbrances 730, , (330,839) 399,661 RESERVES Reserve Fr Encumbrances 483 FUND BALANCE Unapprpriated Fund Balance 999,151 TOTAL LIABILITIES, APPROPRIATIONS, RESERVE & FUND BALANCE 1,399,295

13 CAPITAL OUTLAY PROJECTS FUND FINANCIAL REPORT OF INCOME AND EXPENDITURES Fr The Perid Ending March 31, 2016 A. INCOME RECEIVED! ENCUM- UNEMCUM- ADOPTED REVISED EXPENDED BE RED BERED DESCRIPTION BUDGET BUDGET AMOUNT AMOUNT AMOUNT PERCENT STATE INCOME Scheduled Maintenance 683, , ,400 76, % Other State Funds % Ttal State Incme 683, , , , % LOCAL INCOME Interest Incme 3,500 3,500 3, % Other Lcal Incme 148, ,750 92,251 56, % Ttal Lcal Incme 152, ,250 95, , % TOTAL INCOME 836, , , , % B. EXPENDITURES SALARIES and BENEFITS Salaries (Academ ic/class/ft /PT) 71,500 71,500 88,768 (17,268) -24.2% Emplyee Benefits 28,500 28,500 43,552 (15,052) -52.8% Ttal Salaries and Benefits 100, , ,320 0 (32,320) -32.3% BOOKS and SUPPLIES Other Supplies 5,500 5,500 5, % Ttal Bks and Supplies 5,500 5, , % OTHER OPERATING EXPENSES Other Operating Expenses 125, ,000 80,441 (15,920) 60, % Ttal Other Operating Expense 125, ,000 80,441 (15,920) 60, % CAPIT AL OUTLAY Buildings - Imprve/Renvatin ,764 (37,764) 0.0% Buildings - Other Csts 369, ,418 48, , % Equipment 130, ,582 31,757 16,403 82, % Ttal Capital Outlay 500, , ,595 16, , % TOTAL EXPENDITURES 730, , , , %

14 FISCAL YEAR Quarterly Financial Status f Incme and Expenditures fr the perid ending March 31, 2016 Actual Revised Actual Increase! % FY Budget FY (Decrease) Remain Revenues Federal Incme $ 19,017 $ 65,000 $ 22,460 3, % State Incme 540, , ,724 75, % Lcal Incme 109, , ,102 22, % Other Financing Surces 0 53, % Ttal Revenues $ 668,545 $ 1,173,199 $ 770, , % Expenditures Salaries and Benefits Academic Salaries $ 27,744 $ 0 $ 0 (27,744) 0.00% Classified Salaries 439, , ,204 63, % Emplyee Benefits 206, , ,416 41, % Ttal Salaries and Benefits 673,748 1,128, ,620 76, % Bks and Supplies 27,959 41,500 31,084 3, % Other Operating Expenses 5,182 2,990 1,933 (3,249) 35.35% Capital Outlay % Ttal Operating Expenses 33,141 44,490 33,017 (124) 25.79% Other Outg % Ttal Expenditures $ 706,889 $ 1,173,149 $ 783,637 76, % EXCESS f INCOME ver EXPEND. $ (38,344) $ 50 $ (13,351) 24,993 Child Care Fund

15 CHILD DEVELOPMENT FUND BALANCE SHEET as f March 31, 2016 ASSETS CURRENT ASSETS Cash In Cunty Treasury Accunts Receivable 699, ,736 Due Frm Trust Funds Due Frm Federal Grant Fund ESTIMATED INCOME Estimated Incme Incme Received 26, ,173,199 (770,286) 829, ,913 TOTAL ASSETS 1,232,475 LIABILITIES. APPROPRIATIONS. RESERVE AND FUND BALANCE LIABILITIES Accunts Payable Due T General Fund , ,160 APPROPRIATIONS Apprpriatin Less: Expenditures Encumbrances 783,637 1,173,149 4, , ,698 RESERVES Reserve Fr Encumbrances 4,814 FUND BALANCE Unapprpriated Fund Balance 803 TOTAL LIABILITIES, APPROPRIATIONS, RESERVE & FUND BALANCE 1,232,475

16 CHILD DEVELOPMENT FUND FINANCIAL REPORT OF INCOME AND EXPENDITURES Fr The Perid Ending March 31, 2016 A. INCOME ADOPTED REVISED AMOUNT DESCRIPTION BUDGET BUDGET RECEIVED BALANCE PERCENT FEDERAL INCOME Federal Wrk Study Prgram 15,000 15, , % Child Care Fd Reimbursement 50,000 50,000 21,511 28, % Ttal Federal Incme 65,000 65,000 22,460 42, % STATE INCOME Child Care Fd Reimbursement 2,000 2,000 1, % Child Care Tax Bailut 66,222 66,222 69,280 (3,058) (4.6%) CalWrks 45,000 45, , % Child Care Pre-Schl Grant 307, , ,750 79, % General Child Care Prgram 381, , ,465 64, % Ttal State Incme 802, , , , % LOCAL INCOME Interest Incme 1,140 1, % Parent Fees 18,000 18,000 19,436 (1,436) (8.0%) Cmmunity Tuitin 206, , ,318 97, % Cmmunity Registratin 3,000 3,000 1,000 2, % Alternative Payment Prgram 15,000 15, , % Service Charges 2,500 2, , % Other Lcal Incme 2,000 2,000 2,621 (621 ) (31.1 %) Dnatins & Cntributins 5,000 5, , % Ttal Lcal Incme 252, , , , % OTHER FINANCING SOURCES Transfer frm General Fund 53,500 53, , % TOTAL INCOME 1,173,199 1,173, , , %

17 CHILD DEVELOPMENT FUND FINANCIAL REPORT OF INCOME AND EXPENDITURES Fr The Perid Ending March 31,2016 B. EXPENDITURES ENCUM- UNEMCUM- ADOPTED REVISED EXPENDED BERED BERED DESCRIPTION BUDGET BUDGET AMOUNT AMOUNT AMOUNT PERCENT CLASSIFIED SALARIES Clerical & Office Sal - Reg 609, , , , % Federal Wrk Study - Nnlnstr 15,000 15, , % Oth Classified Sal - PT Nnlnstr 100, , ,010 0 {28,010} (28.0%} Ttal Classified Salaries 724, , , , % EMPLOYEE BENEFITS Public Empl Retirement System 90,632 90,632 64, , % FICNMedicare 48,109 48,109 34, , % Health And Welfare Benefits 142, ,256 83, , % GASB45 Benefits 105, ,237 52, , % State Unemplyment Insurance % Wrkers Cmpensatin Insurance 13,403 13,403 9, , % Other Emplyee Benefits 3,750 3,750 2, , % Ttal Emplyee Benefits 403, , , , % BOOKS AND SUPPLIES Instructinal Supplies 1,500 1, , % Fd & Fd Supplies 36,000 36,000 26,186 3,523 6, % Office Supplies 1,000 1, % Other Supplies 3,000 3,000 4,431 1,291 (2,722} (90.7%} Ttal Bks & Supplies 41,500 41,500 31,084 4,814 5, % OTHER OPERATING EXPENSES Cnferences & Seminars % Cmputer Sftware License % Fingerprinting & TB Tests % Prir Year Expense/Adjustment (750) 0.0% Other Services & Expenses 1,090 1,090 1, % Ttal Other Operating Expenses 2,990 2,990 1, , % TOTAL EXPENDITURES 1,173,149 1,173, ,637 4, , %

18 FISCAL YEAR Quarterly Financial Status f Incme and Expenditures fr the perid ending March 31, 2016 Actual FY Revised Budget Actual FY Increase/ (Decrease) ver ply % Remain this year Revenues Lcal Incme 8,217 15,600 9,887 1, % Other Financing Surces 838,893 1,128, ,949 22, % Ttal Revenues -$~--::-8~47::'-,-:-11:-:0:--7$-~1,-:-1-:-43~,-::-60:-:0:--7$--:8:-::7:-:-0':":,8:-:-3-::-6--:$:----2:-:3~ Expenditures Other Outg Interfund Transfers $ 838,893 $ 1,128,000 $ 860,949 $ 22, % Ttal Other Outg 838,893 1,128, ,949 22, % Ttal Expenditures $ 838,893 $ 1,128,000 $ 860,949 $ 22, % ~==~====================================== EXCESS f INCOME ver EXPEND. $ 8,217 $ 15,600 $ 9,887 $ 1,670 Pst Retirement Fund

19 POST RETIREMENT BENEFITS FUND BALANCE SHEET AS OF MARCH 31, 2016 ASSETS CURRENT ESTIMATED ASSETS Cash In Cunty Treasury Due frm General Fund INCOME Estimated Incme Incme Received 3,233,536 1,143,600 (870,836) 3,233, ,764 TOT AL ASSETS 3,506,300 LIABILITIES, APPROPRIATIONS, RESERVE AND FUND BALANCE LIABILITIES Due t General Fund APPROPRIATIONS Apprpriatin Less: Expenditures Encum brances 1,128, ,949 (860,949) 267,051 RESERVES Reserve Fr Encumbrances FUND BALANCE Unapprpriated Fund Balance 3,239,249 TOTAL LIABILITIES, APPROPRIATIONS, RESERVE & FUND BALANCE 3,506,300

20 POST RETIREMENT BENEFITS FUND FINANCIAL REPORT OF INCOME AND EXPENDITURES Fr The Perid March 31, 2016 A. INCOME DESCRIPTION RECEIVEDI ENCUM- UNEMCUM- ADOPTED REVISED EXPENDED BERED BERED BUDGET BUDGET AMOUNT AMOUNT AMOUNT PERCENT LOCAL INCOME Interest Incme Other Lcal Revenue Ttal Lcal Incme 15,600 15,600 9, ,600 15,600 9,887 5, % 0 0.0% 5, % OTHER FINANCING SOURCES 1,128,000 1,128, , , % TOTAL INCOME 1,143,600 1,143, , , % B. EXPENDITURES OTHER OUTGO Interfund Transfers 1,128,000 1,128, , , % Ttal Other Outg 1,128,000 1,128, , , % TOTAL EXPENDITURES 1,128,000 1,128, , , %

21 FISCAL YEAR Quarterly Financial Status f Incme and Expenditures fr the perid ending March 31, 2016 Actual FY Revised Budget Actual FY Increase/ (Decrease) ver ply % Remain this year Revenues State Incme Lcal Incme 10,255 1,323,633 12,219 2,293,781 62,529 (10,255) (1,261,104) % 97.27% Ttal Revenues $ 1,333,888 $ 2,306,000 $ 62,529 $ {1,271,359} 97.29% Expenditures Other Outg Bnd Payments & Interest $ 2,016,447 $ 2,107,738 $ 2,206,933 $ 190, % Ttal Other Outg 2,016,447 2,107,738 2,206, , % Ttal Expenditures $ 2,016,447 $ 2,107,738 $ 2,206,933 $ 190, % EXCESS f INCOME ver EXPEND. $ {682,559} $ 198,262 $ {2,144,404} $ {1,461,845} Debt Service" A" Fund

22 NVC DEBT SERVICE FUND - SERIES nan BALANCE SHEET AS OF MARCH 31, 2016 ASSETS CURRENT ESTIMATED ASSETS Cash In Cunty Treasury Accunts Receivable INCOME Estimated Incme Incme Received 60,113 2,306,000 (62,529) 60,113 2,243,471 TOTAL ASSETS 2,303,584 LIABILITIES, APPROPRIATIONS, RESERVE AND FUND BALANCE LIABILITIES Due t Other Funds APPROPRIATIONS Apprpriatin Less: Expenditures Encum brances 2,107,738 2,206,933 (2,206,933) (99,195) RESERVES Reserve Fr Encumbrances FUND BALANCE Unapprpriated Fund Balance 2,402,779 TOTAL LIABILITIES, APPROPRIATIONS, RESERVE & FUND BALANCE 2,303,584

23 NVC DEBT SERVICE FUND - SERIES "A" FINANCIAL REPORT OF INCOME AND EXPENDITURES Fr The Perid Ending March 31, 2016 A. INCOME STATE INCOME RECEIVED! ENCUM- UNEMCUM- ADOPTED REVISED EXPENDED BERED BERED DESCRIPTION BUDGET BUDGET AMOUNT AMOUNT AMOUNT PERCENT Tax Relief Subventins 12,219 12,219 12, % Ttal State Incme 12,219 12, , % LOCAL INCOME Prperty Taxes 2,287,781 2,287,781 61,242 2,226, % Interest Incme 6,000 6,000 1,287 4, % Ttal Lcal Incme 2,293,781 2,293,781 62, ,231, % TOTALINCOME 2,306,000 2,306,000 62, ,243, % B. EXPENDITURES OTHER OUTGO Bnd Interest & Other Svc Charges 2,107,738 2,107,738 2,206,933 (99,195) (4.7%) Ttal Other Outg 2,107,738 2,107,738 2,206,933 0 (99,195) (4.7%) TOT AL EXPENDITURES 2,107,738 2,107,738 2,206,933 0 (99,195) (4.7%)

24 FISCAL YEAR Quarterly Financial Status f Incme and Expenditures fr the perid ending March 31, 2016 Actual FY Revised Budget Actual FY Increase/ (Decrease) ver PlY % Remain this year Revenues Ttal Revenues State Incme 22,432 24,200 22,413 (19) 7.38% Lca I Incme ""7'_-:-=2,_9=-50::-.:.,-:-59:-:7:--"7""""_-:-=4,:-9_83~,-:-30_0_"7""""_3~,3_5...:..0.:...;,' 7...:..8...: :~_4_0:...:0:.;.,1_8;, =3.::2...: :.6,;,,:,,% $ 2,973,029 $ 5,007,500 $ 3,373,194 $ 400, % Expenditures Other Outg Bnd Payments & Interest $ 4,476,550 $ 3,180,000 $ 5,347,050 $ 870, % Ttal Other Outg 4,476,550 3,180,000 5,347, , % Ttal Expenditures $ 4,476,550 $ 3,180,000 $ 5,347,050 $ 870, % EXCESS f INCOME ver EXPEND. $ (1,503,521) $ 1,827,500 $ (1,973,856) $ (470,335) Debt Service "B" Fund

25 NVC DEBT SERVICE FUND - SERIES "B" BALANCE SHEET AS OF MARCH 31, 2016 ASSETS CURRENT ESTIMATED ASSETS Cash In Cunty Treasury Due frm General Fund INCOME Estimated Incme Incme Received 2,946,198 5,007,500 (3,373,194) 2,946,198 1,634,306 TOTAL ASSETS 4,580,504 LIABILITIES, APPROPRIATIONS, RESERVE AND FUND BALANCE LIABILITIES Due t General Fund APPROPRIATIONS Apprpriatin Less: Expenditures Encumbrances 3,180,000 5,347,050 (5,347,050) (2,167,050) RESERVES Reserve Fr Encumbrances FUND BALANCE Unapprpriated Fund Balance 6,747,554 TOTAL LIABILITIES, APPROPRIATIONS, RESERVE & FUND BALANCE 4,580,504

26 NVC DEBT SERVICE FUND - SERIES "B" FINANCIAL REPORT OF INCOME AND EXPENDITURES Fr The Perid Ending March 31, 2016 A. INCOME STATE INCOME RECEIVEDI ENCUM- UNEMCUM- ADOPTED REVISED EXPENDED BERED BERED DESCRIPTION BUDGET BUDGET AMOUNT AMOUNT AMOUNT PERCENT Tax Relief Subventins 24,200 24,200 22,413 1, % Ttal State Incme 24,200 24,200 22, , % LOCAL INCOME Prperty Taxes 4,975,800 4,975,800 3,345,989 1,629, % Interest Incme 7,500 7,500 4,792 2, % Ttal Lcal Incme 4,983,300 4,983,300 3,350, ,632, % TOTAL INCOME 5,007,500 5,007,500 3,373, ,634, % B. EXPENDITURES OTHER OUTGO Bnd Interest & Other Svc Charges 3,180,000 3,180,000 5,347,050 ~2,167,050) -68.1% Ttal Other Outg 3,180,000 3,180,000 5,347,050 0 (2,167,050) -68.1% TOT AL EXPENDITURES 3,180,000 3,180,000 5,347,050 0 (2,167,050) (68.1%)

27 FISCAL YEAR Quarterly Financial Status f Incme and Expenditures fr the perid ending March 31, 2016 Actual FY Revised Budget Actual FY Increase/ (Decrease) ver ply % Remain this year Revenues Ttal Revenues State Incme 0.00% ~ ~~------~~~------~~~------~----~ $ 9 $ 18 $ 11 $ % Lcal Incme % Expenditures Other Outg Bnd Payments & Interest $ $ $ $ 0.00% Ttal Other Outg 0.00% EXCESS f INCOME ver EXPEND. $ 9 $ 18 $ 11 $ 2 Debt Service "c" Fund

28 NVC DEBT SERVICE FUND - SERIES "C" BALANCE SHEET AS OF MARCH 31, 2016 ASSETS CURRENT ESTIMATED ASSETS Cash In Cunty Treasury Accunts Receivable INCOME Estimated Incme Incme Received 3,496 3, (11) 7 TOT AL ASSETS 3,503 LIABILITIES, APPROPRIATIONS, RESERVE AND FUND BALANCE LIABILITIES Due t General Fund APPROPRIATIONS Apprpriatin Less: Expenditures Encumbrances RESERVES Reserve Fr Encumbrances FUND BALANCE Unapprpriated Fund Balance 3,503 TOTAL LIABILITIES, APPROPRIATIONS, RESERVE & FUND BALANCE 3,503

29 NVC DEBT SERVICE FUND - SERIES "C" FINANCIAL REPORT OF INCOME AND EXPENDITURES Fr The Perid Ending March 31,2016 A. INCOME STATE INCOME RECEIVEDI ENCUM- UNEMCUM- ADOPTED REVISED EXPENDED BERED BERED DESCRIPTION BUDGET BUDGET AMOUNT AMOUNT AMOUNT PERCENT Tax Relief Subventins % Ttal State Incme % LOCAL INCOME Prperty Taxes % Interest Incme % Ttal Lcal Incme % TOTAL INCOME % B. EXPENDITURES OTHER OUTGO Bnd Interest & Other Svc Charges Ttal Other Outg 0.0% 0.0% TOTAL EXPENDITURES 0.0%

30 FISCAL YEAR Quarterly Financial Status f Incme and Expenditures fr the perid ending March 31, 2016 Actual FY Revised Budget Actual FY Increase! (Decrease) ver PlY % Remain this year Revenues Ttal Revenues State Incme 23, % Lcal Incme 987, % ~ ~----~~~~ ~ $ $ 1,010,000 $ $ % Expenditures Other Outg Bnd Payments & Interest $ 48,295 $ 496,750 $ $ (48,295) % Ttal Other Outg 48, ,750 (48,295) % Ttal Expenditures $ 48,295 $ 496,750 $ $ (48,295) % ============================================ EXCESS f INCOME ver EXPEND. $ (48,295) $ 513,250 $ - $ 48,295 Debt Service "A" 2014 Refund

31 NVC DEBT SERVICE FUND - SERIES "A" REFUNDING BALANCE SHEET AS OF MARCH 31, 2016 ASSETS CURRENT ESTIMATED ASSETS Cash In Cunty Treasury Accunts Receivable INCOME Estimated Incme Incme Received 1,010,000 1,010,000 TOTAL ASSETS 1,010,000 LIABILITIES, APPROPRIATIONS, RESERVE AND FUND BALANCE LIABILITIES Due t Other Funds APPROPRIATIONS Apprpriatin Less: Expenditures Encum brances 496, ,750 RESERVES Reserve Fr Encumbrances FUND BALANCE Unapprpriated Fund Balance 513,250 TOTAL LIABILITIES, APPROPRIATIONS, RESERVE & FUND BALANCE 1,010,000

32 NVC DEBT SERVICE FUND - SERIES "A" Refunding FINANCIAL REPORT OF INCOME AND EXPENDITURES Fr The Perid Ending March 31, 2016 A. INCOME RECEIVEDI ENCUM- UNEMCUM- ADOPTED REVISED EXPENDED BERED BERED DESCRIPTION BUDGET BUDGET AMOUNT AMOUNT AMOUNT PERCENT STATE INCOME Tax Relief Subventins 23,000 23, , % Ttal State Incme 23,000 23, , % LOCAL INCOME Prperty Taxes 977, , , % Interest Incme 10,000 10,000 10, % Ttal Lcal Incme 987, , , % TOTAL INCOME 1,010,000 1,010, ,010, % B. EXPENDITURES OTHER OUTGO Bnd Interest & Other Svc Charges 496, , , % Ttal Other Outg 496, , , % TOTAL EXPENDITURES 496, , , %

33 FISCAL YEAR Quarterly Financial Status f Incme and Expenditures fr the perid ending March 31, 2016 Actual FY Revised Budget Actual FY Increase/ (Decrease) ver P/Y % Remain this year Revenues Ttal Revenues State Incme 8,369 10,000 17,433 Lcal Incme 1,069,217 $ 1,077,586 $ 9,064 1,792,201 2,287,719 1,218,502 1,802,201 $ 2,305,152 $ 1,227, % % % Expenditures Other Outg Bnd Payments & Interest $ 1,061,889 $ 1,548,132 $ 1,448,936 $ 387, % Ttal Other Outg 1,061,889 1,548,132 1,448, , % Ttal Expenditures $ 1,061,889 $ 1,548,132 $ 1,448,936 $ 387, % EXCESS f INCOME ver EXPEND. $ 15,697 $ 254,069 $ 856,216 $ 840,519 Debt Service "B" 2014 Refund

34 NVC DEBT SERVICE FUND - SERIES "B" REFUNDING BALANCE SHEET AS OF MARCH 31, 2016 ASSETS CURRENT ASSETS Cash In Cunty Treasury Due frm General Fund Accunts Receivable ESTIMATED INCOME Estimated Incme Incme Received 2,284, ,802,201 (2,305,152) 2,285,275 (502,951) TOT AL ASSETS 1,782,324 LIABILITIES, APPROPRIATIONS, RESERVE AND FUND BALANCE LIABILITIES Due t Other Funds APPROPRIATIONS Apprpriatin Less: Expenditures Encum brances 1,548,132 1,448,936 (1,448,936) 99,196 RESERVES Reserve Fr Encumbrances FUND BALANCE Unapprpriated Fund Balance 1,683,128 TOTAL LIABILITIES, APPROPRIATIONS, RESERVE & FUND BALANCE 1,782,324

35 NVC DEBT SERVICE FUND - SERIES "B" Refunding FINANCIAL REPORT OF INCOME AND EXPENDITURES Fr The Perid Ending March 31,2016 A. INCOME RECEIVED! ENCUM- UNEMCUM- ADOPTED REVISED EXPENDED BERED BERED DESCRIPTION BUDGET BUDGET AMOUNT AMOUNT AMOUNT PERCENT STATE INCOME Tax Relief Subventins 10,000 10,000 17,433 (7,433) (74.3%) Ttal State Incme 10,000 10,000 17,433 0 (7,433) (74.3%) LOCAL INCOME Prperty Taxes 1,790,000 1,790,000 2,285,302 (495,302) (27.7%) Interest Incme 2,201 2,201 2,417 (216) (9.8%) Ttal Lcal Incme 1,792,201 1,792,201 2,287,719 0 (495,518) (27.6%) TOTAL INCOME 1,802,201 1,802,201 2,305,152 0 (502,951) (27.9%) B. EXPENDITURES OTHER OUTGO Bnd Interest & Other Svc Charges 1,548,132 1,548,132 1,448,936 99, % Ttal Other Outg 1,548,132 1,548,132 1,448, , % TOT AL EXPENDITURES 1,548,132 1,548,132 1,448, , %

36 FISCAL YEAR Quarterly Financial Status f Incme and Expenditures fr the perid ending March 31, 2016 Actual FY Revised Budget FY Actual FY Increasel (Decrease) % Remain Revenues Ttal Revenues State Incme $ $ $ $ 0% Other Lcal Incme 72,664 75,000 70,335 $ (2,329) 6% -$-: :.' :-$----.:...7::...:.5'~0.:...00~-:-$--...:..7~0!.:::.,3..::.3.: :::$----!..:(2:.!..:,3:':2:' =-2 ':":"% 0 Expenditures Salaries and Benefits Classified Salaries $ 27,963 $ 21,517 $ 27,273 $ (690) % Emplyee Benefits 9,141 11,827 9,412 $ % Ttal Salaries and Benefits 37,104 33,344 36,685 (419) % Bks and Supplies 4,494 10,980 3,746 $ (748) 65.88% Other Operating Expenses 7,173 23,820 1,353 $ (5,820) 94.32% Capital Outlay 15,200 9,435 $ 9, % Ttal Operating Expenses 11,667 50,000 14,534 2, % Other Outg $ $ $ $ 0.00% Ttal Expenditures $ 48,771 $ 83,344 $ 51,219 $ 2, % EXCESSf INCOMEver EXPEND. $ 23,893 $ (8,344) $ 19,116 $ (4,777) ASNVC Fund

37 ASSOCIATED STUDENT BODY BALANCE SHEET as f March 31, 2016 ASSETS CURRENT ASSETS Cash In Bank - Checking Accunt Due T General Fund Due T District Auxilliary Services Fund 124,857 2, ,505 ESTIMATED INCOME Estimated Incme Less: Incme Received 75,000 (70,335) 4,665 TOTAL ASSETS 132,170 LIABILITIES. APPROPRIATIONS. RESERVE AND FUND BALANCE LIABILITIES Accunts Payable Due t General Fund APPROPRIATIONS Apprpriatin Less: Expenditures 83,344 (51,219) 32,125 FUND BALANCE Fund Balance 100,045 TOTAL LIABILITIES, APPROPRIATIONS & FUND BALANCE 132,170

38 ASSOCIATED STUDENT BODY FINANCIAL REPORT OF INCOME AND EXPENDITURES Fr the Perid Ending March 31, 2016 A. INCOME ADOPTED REVISED AMOUNT DESCRIPTION BUDGET BUDGET RECEIVED BALANCE PERCENT Sale f Cncessins (160) 0.0% Student 1.0. Card Incme 4,000 4,000 3, % Student Activities Fee 68,000 68,000 65,455 2, % Cmmissins 3,000 3,000 1,415 1, % TOTAL INCOME 75,000 75,000 70,335 4, % B. EXPENDITURES ADOPTED REVISED AMOUNT DESCRIPTION BUDGET BUDGET EXPENDED BALANCE PERCENT Salaries 21,517 21,517 27,273 (5,756) (26.8%) Emplyee Benefits 11,827 11,827 9,412 2, % Sftware % Supplies 9,700 10,680 3,746 6, % Speakers % Other Persnal Services 5,300 5, , % Cnferences & Seminars 0 1, % Dues & Membership % Charter Transprtatin % Dnatins/Schlarships 7,800 7, , % Student Club Supprt 6,800 4, , % Advertising Expense 3,000 3, , % Printing & Binding % Student Emergency Fund % Other Miscellaneus Expenses % Equip - Nnlnstr, Nn-Capitalized 15,200 15,200 9,435 5, % TOTAL EXPENDITURES 83,344 83,344 51,219 30, %

39 FISCAL YEAR Quarterly Financial Status f Incme and Expenditures fr the perid ending March 31, 2016 Actual FY Revised Budget FY Actual FY Increase/ (Decrease) % Remain Revenues Lcallncme $ 16,380 $ 17,000 $ 16,778 $ % Ttal Revenues $ 16,380 $ 17,000 $ 16,778 $ % Expenditures Bks and Supplies $ $ 1,000 $ $ 0.00% Other Operating Expenses 15,384 15,190 10,580 (4,804) 30.35% Capital Outlay 0.00% Ttal Operating Expenses 15,384 16,190 10,580 (4,804) 34.65% Ttal Expenditures $ 15,384 $ 16,190 $ 10,580 $ (4,804) 34.65% EXCESS f INCOME ver EXPEND. $ 996 $ 810 $ 6,198 $ 5,202 Student Rep Fee Fund

40 STUDENT REP FEE TRUST FUND BALANCE SHEET as f March 31, 2016 ASSETS CURRENT ASSETS Cash In Bank - Checking Accunt Due frm General Fund ESTIMATED INCOME Estimated Incme Less: Incme Received 15,288 11,231 26,519 17,000 (16,778) 222 TOTAL ASSETS 26,741 LIABILITIES, APPROPRIATIONS, RESERVE AND FUND BALANCE LIABILITIES Deferred Incme-Student Rep Fee a APPROPRIATIONS Apprpriatin Less: Expenditures 16,190 (10,580) 5,610 FUND BALANCE Fund Balance 21,131 TOTAL LIABILITIES, APPROPRIATIONS & FUND BALANCE 26,741 Student Rep Fee Fund

41 STUDENT REP FEE TRUST FUND FINANCIAL REPORT OF INCOME AND EXPENDITURES Fr the Perid Ending March 31, 2016 A. INCOME ADOPTED REVISED AMOUNT DESCRIPTION BUDGET BUDGET RECEIVED BALANCE PERCENT Student Representatin Fee 17,000 17,000 16, % TOTAL INCOME 17,000 17,000 16, % B. EXPENDITURES ADOPTED REVISED AMOUNT DESCRIPTION BUDGET BUDGET EXPENDED BALANCE PERCENT Guest Speakers 1,000 1, , % Administrative Csts 1,190 1, , % Cnferences & Seminars 14,000 14,000 10,580 3, % TOTAL EXPENDITURES 16,190 16,190 10,580 5, % Student Rep Fee Fund FY xls