KUNA JOINT SCHOOL DISTRICT 3

Transcription

1 KUNA JOINT SCHOOL DISTRICT 3 Final Board Presentation Estimated Carryforward and Requested Budget for and June 12, 2018 Presented by: Adam Bell

2 DEFINITION OF FUNDS The District used the following funds for fiscal year : 100 GENERAL FUND. This fund is the chief operating fund of the school district. It is used to account for all financial resources of the school district except for those required to be accounted for in another fund SPECIAL REVENUE FUNDS. These funds account for the proceeds of specific revenue sources (other than trusts and major capital projects) that are legally restricted to expenditures for specified purposes. Federal Forest Fund received from the federal government for the sale of timber on federal forest lands located within the district boundaries. Medicaid Fund - received for school-based, health and rehabilitative services, provided to children with disabilities who receive services under the Individuals with Disabilities Education Act (IDEA). Private Grant Fund These are revenues from local companies and organizations used for a specific purpose. Driver Education Fund Fund used to account for revenues and expenditures for District sponsored driver s education programs throughout the year. 243 CTE Fund used for Career Technical Education State Miscellaneous Fund Fund used to account for revenues received for specific purposed mandated by the State. The Limited English Proficient program is accounted in this fund. Technology received from the State of Idaho used to purchase equipment related to classroom technology and to train teachers in the use of technology. Safe and Drug Free received from the State of Idaho used to hire counselors for substance abuse counseling and to improve safety throughout the District.

3 Title I Disadvantaged are used to hire staff and purchase supplies to support reading and math program for at risk students. Title I-C Migrant are used to purchase materials and for staff to assist with students classified as Migratory Children. IDEA Special Education used for staff, materials, and equipment and professional services to supplement the special education program in the District. IDEA Preschool are used for staff, materials, and equipment and professional service to supplement the preschool (3 to 5 year olds) special education program in the District. Title IV-A - Student Support and Academic Enrichment - used to develop and support the community schools initiatives for the district. Carl Perkins Vocational and Applied Technology Education are used to purchase materials and equipment for career technical programs for students in special populations. Title III Language Instruction for Limited English Proficient Revenue used to improve student achievement. Title II Improving Teacher Quality are used for in-service, teacher recruitment, and classroom management processes. CCLC Supports the creation of community learning centers that provide academic enrichment opportunities during non-school hours for children, particularly students who attend high-poverty and low-performing schools. School Nutrition Program used for the personnel, activities, and supplies for providing breakfast and lunch for students and staff. DEBT SERVICE FUNDS. This fund is used to account for the accumulation of resources for, and the payment of, general long-term debt principal and interest. Bond Interest and Redemption Fund Local property tax levy revenues are used to redeem bonds and for bond interest expense.

4 400 CAPITAL PROJECTS FUNDS. This fund is used to account for financial resources to be used to acquire or construct major capital facilities. The most common source of capital project funding is the sale of bonds or other capital financing instruments. 700 FIDUCIARY FUNDS. These funds are used to account for assets held by a school district in a trustee capacity for others and therefore cannot be used to support the school district s own programs. Trust funds are generally accounted for on the economic resources measurement focus and the accrual basis of accounting

5 ASSUMPTIONS for FY State revenue projections are based on original budget amount as the February funding was shorted due to attendance reporting errors. Errors have been corrected and the District will have a better idea of state funding after the May 15th allocation. FY Local revenue projections based on the Total amount received plus expected receipt for the remainder of the year (based on county levy rates). FY Salary expenses for the year are based on total contract amount for all employees. FY Workers Comp Expenses have already been fully expensed for the year (charge is based on prior year s Payroll). FY School related expenses are estimated using a 3 month remaining usage assumption (September-May). FY District related expenses are estimated using a 1 month remaining usage assumption (July-May) FY Contracted expenses and Stipends are assumed to be fully used by Year-End. FY Expenses have been analyzed on a line-item by line-item level to modify their calculation according to the nature of each expense.

6 ASSUMPTIONS for FY State revenue projections are based on the State approved Budget. FY Debt Service revenue projections are modified to $9.2 million to allow payment of the new bond, current bonds and capacity for additional debt payments to reach the $5/$1,000 taxable value ratio. FY Certified salary expenses are estimated based on negotiated contract. FY Classified & Admin salaries are based on projected increase of 3% (state funding increase). FY Benefits are calculated based on the following increases: o o o 3.2% Health insurance increase 0% Dental increase 0% Vision increase o -5% Worker s Compensation increase FY Expenses have been analyzed on a line-item by line-item level to modify their calculation according to the nature of each expense.

7 General Fund Statement of,, and Changes in Fund Balances GENERAL M&O FUND REVENUES Prior Year Actual Prior Year Actual Adopted Revised Budget Month Est. Actual Requested Budget Beginning Balance $ 3,188,322 $ 3,317,735 $ 1,640,329 $ 1,640,329 $ 1,878,962 Local Revenue (taxes) 3,315, ,240 2,805,210 2,756,990 2,661,700 Earnings on Investments 18,552 31,069 44,740 74,872 44,740 Other Local 267, , , , ,569 State Revenue 24,122,319 26,419,107 28,145,689 28,149,449 28,650,620 Transfers In 126,995 50,100 50,100 50,100 Total Available Funds $ 30,912,903 $ 30,656,644 $ 33,270,237 $ 33,054,845 $ 33,847,691 EXPENDITURES Prior Year Actual Prior Year Actual GENERAL M&O FUND Adopted Revised Budget Month Est. Actual Requested Budget Current: Instruction $ 18,062,468 $ 18,338,283 $ 19,872,882 $ 19,438,729 $ 19,389,490 Support Services 9,464,537 10,547,135 11,325,576 11,625,600 11,604,603 Non-Instructional 45,677 22,100 18,289 19,275 18,289 Board Expenses 2,960 15,415 16,450 15,279 16,500 Transfers & Contingency 19,526 93, ,070 77, ,000 Total Expenses $ 27,595,168 $ 29,016,315 $ 31,402,267 $ 31,175,883 $ 31,428,882 TOTAL SURPLUS $ 3,317,735 $ 1,640,329 $ 1,867,970 $ 1,878,962 $ 2,418,809

8 General Fund Carryover Projection Year Beginning Fund Balance Total Revenue Total Expenses Ending Fund Balance Fund Balance Percent $ 3,188,322 $ 27,724,581 $ 27,595,168 $ 3,317, % Based on $ 3,317,735 $ 27,338,909 $ 29,016,315 $ 1,640, % Audit $ 1,640,329 $ 31,414,516 $ 31,175,883 $ 1,878, % Current $ 1,878,962 $ 31,968,729 $ 31,428,882 $ 2,418, % Requested $ 2,418,809 $ 32,307,597 $ 32,057,459 $ 2,668, % $ 2,668,947 $ 32,630,673 $ 32,378,034 $ 2,921, % Note Projected

9 General Fund Revenue Projection Projected Actuals Requested Budget Amount Difference Percent Difference Local Revenue $ 2,756,990 $ 2,661,700 $ (95,290) -3.46% State Revenue 28,149,449 28,650, , % Other Sources 508, , , % Total $ 31,414,516 $ 31,968,729 $ 554, %

10 GENERAL FUND EXPENDITURES BY OBJECT Object Projected Actuals Requested Budget Amount Difference Percent Difference Salaries $ 19,829,024 $ 19,503,694 $ (325,330) -1.64% Benefits 7,254,943 7,263,695 8, % Purchased Services 1,801,136 1,904, , % Supplies & Materials 1,952,798 2,195, , % Capital Outlay 97,991 - (97,991) 0.00% Insurance 152, ,000 8, % Transfers 87,000 - (87,000) % Contingency - 400,000 - Total Expenses $ 31,175,883 $ 31,428,882 $ (147,001) -0.47%

11 Program GENERAL FUND EXPENDITURES BY PROGRAM Adopted Budget Projected Actuals Amount Difference Percent Difference Requested Elementary $ 8,636,607 $ 8,445,703 $ 190, % $ 6,545,552 Secondary 8,198,692 8,266,827 (68,135) -0.83% 8,864,771 Alternative School 347, ,621 54, % 317,418 Curriculum 511, ,445 47, % 500,000 Exceptional Child 1,577,742 1,423, , % 1,586,649 Pre-K Exceptional Child 141,364 98,982 42, % 225,662 Gifted & Talented 72,390 43,832 28, % 8,500 Coaching 309, ,292 (8,898) -2.88% 323,403 Summer School 78,035 85,696 (7,661) -9.82% 97,000 Health/Guidance/Nurse 1,057, ,760 67, % 1,451,024 School Psyc/Ancillary 248, ,523 (192,717) % 155,597 Inst Imp/Assess/Leader 494, ,919 2, % 849,720 Library 219, ,882 15, % 224,960 School Board 16,450 15,279 1, % 16,500 District Admin 683, ,923 4, % 727,302 School Admin 2,297,809 2,371,940 (74,131) -3.23% 2,548,942 Business Ops 736, ,478 (13,412) -1.82% 614,551 Custodian 1,161,298 1,178,636 (17,338) -1.49% 1,179,125 Maintenance 687, ,981 34, % 641,349 Grounds 173, ,536 (23,219) % 199,752 Safety 247, ,380 (24,926) % 301,639 Transportation 1,516,195 1,495,285 20, % 1,591,125 Tech 725, ,520 (17,899) -2.47% 758,341 Software 259, ,608 3, % 300,000 Utilities 835, ,898 (32,864) -3.94% 950,000 Food Service - 44,605 (44,605) 50,000 Transfers - 87,000 (87,000) - Contingency 169, , % 400,000 Total Expenses $ 31,402,267 $ 31,175,883 $ 226, % $ 31,428,882

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13 GENERAL FUND SUMMARY BY PROGRAM AND OBJECT

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17 Projected Actuals REVENUES General Fund TOTAL ALL FUNDS Special Revenue Fund Debt Service Fund Capital Fund Total Beginning Balance $ 1,640,329 $ 176,629 $ 7,147,102 $ 40,221,971 $ 49,186,031 Local Revenue (taxes) 2,756,990-6,147,234-8,904,223 Earnings on Investments 74, , , ,998 Other Local 383, , ,511 State Revenue 28,149, , ,131,672 Federal Revenue 4,678, ,678,747 Transfers 50, ,686 TOTAL REVENUE $ 33,054,845 $ 6,401,031 $ 13,311,285 $ 40,760,707 $ 93,527,868 EXPENDITURES Salaries $ 19,829,024 $ 2,966,538 $ - $ - $ 22,795,562 Benefits 7,254,943 1,335, ,590,083 Purchased Services 1,801, ,705 3,250 63, ,136,067 Supplies & Materials 1,952,798 1,597, ,550,508 Capital Outlay 97,991 90,042-2,654,968 2,843,000 Debt Retirement - - 8,136,132-8,136,132 Insurance 152, ,991 Transfers 87, ,000 Indirect Cost - 34, ,252 TOTAL EXPENSES $ 31,175,883 $ 6,291,387 $ 8,139,382 $ 2,718,943 $ 48,325,596 TOTAL SURPLUS $ 1,878,962 $ 109,644 $ 5,171,903 $ 38,041,764 $ 45,202, Requested Budget General Fund REVENUES Special Revenue Fund Debt Service Fund Capital Fund Total Beginning Balance $ 1,878,962 $ 109,644 $ 5,171,903 $ 38,041,764 $ 45,202,272 Local Revenue (taxes) 2,661,700-8,500,000-11,161,700 Earnings on Investments 44, , ,928 Other Local 561, , ,055,781 State Revenue 28,650,620 1,031, ,586-30,128,235 Federal Revenue - 4,745, ,745,045 Transfers 50, ,100 TOTAL REVENUE $ 33,847,691 $ 6,380,631 $ 14,118,765 $ 38,552,976 $ 92,900,062 EXPENDITURES Salaries $ 19,503,694 $ 3,201,844 $ - $ - $ 22,705,538 Benefits 7,263,695 1,134, ,397,939 Purchased Services 1,904, ,559 2,700-2,047,169 Supplies & Materials 2,195,582 1,528, ,723,935 Capital Outlay - 100, ,000 Construction Projects ,864,110 35,864,110 Debt Retirement - - 9,200,000-9,200,000 Insurance 161, ,000 Transfers Contingency 400, Indirect Cost - 35, ,645 TOTAL EXPENSES $ 31,428,882 $ 6,139,644 $ 9,202,700 $ 35,864,110 $ 82,235,336 TOTAL SURPLUS $ 2,418,809 $ 240,986 $ 4,916,065 $ 2,688,866 $ 10,664,726

18 SPECIAL REVENUE, DEBT SERVICE & CAPITAL FUNDS TOTAL ALL SPECIAL REVENUE FUNDS - REVENUE Special Adopted Budget Projected Actuals Amount Difference Percent Difference Requested Federal Revenue $ 4,770,512 $4,678,747 $ (91,765) -1.92% $ 4,745,045 State Revenue 942, ,222 40, % 1,031,030 Other Sources 628, ,433 (64,702) % 494,912 Total $ 6,340,775 $ 6,224,402 $ (116,373) -1.84% $ 6,270,987

19 TOTAL ALL SPECIAL REVENUE FUNDS - EXPENSES Object Adopted Budget Projected Actuals Amount Difference Percent Difference Requested Salaries $ 3,029,407 $ 2,966,538 $ (62,869) -2.08% $ 3,201,844 Benefits 1,372,701 1,335,140 (37,561) -2.74% 1,134,244 Purchased Services 314, ,705 (46,451) % 139,559 Supplies & Materials 1,950,255 1,597,710 (352,545) % 1,528,353 Capital Outlay 100,266 90,042 (10,224) % 100,000 Insurance 1,919 - (1,919) - Transfers 4,406 - (4,406) - Indirect Cost 94,542 34,252 (60,290) % 35,645 Total Expenses $ 6,867,652 $ 6,291,387 $ (576,265) -8.39% $ 6,139,644

20 SPECIAL REVENUE FUNDS These funds account for the proceeds of specific revenue sources (other than trusts and major capital projects) that are legally restricted to expenditures for specified purposes. 220 Federal Forest Fund received from the federal government for the sale of timber on federal forest lands located within the district boundaries Actual Requested Beginning Fund Balance $ 682 $ 838 $ 845 $ 845 Federal Funding $ 156 $ 7 $ - $ - State Funding Fund Transfer Total Revenue $ 156 $ 7 $ - $ - Salaries $ - $ - $ - $ - Benefits Professional Dev & Travel Purchased Services Supplies & Materials Capital Outlay Transfers Total Expenses $ - $ - $ - $ - TOTAL SURPLUS $ 838 $ 845 $ 845 $ 845

21 230 Medicaid Fund - received for school-based, health and rehabilitative services, provided to children with disabilities who receive services under the Individuals with Disabilities Education Act (IDEA) Actual Requested Beginning Fund Balance $ 114,275 $ - $ - $ (0) Federal Funding $ 778,426 $ 839,115 $ 835,551 $ 897,600 State Funding Fund Transfer 137, , Total Revenue $ 915,682 $ 958,547 $ 835,551 $ 897,600 Salaries $ 495,476 $ 509,715 $ 451,972 $ 655,248 Benefits 248, , , ,352 Professional Dev & Travel Purchased Services 285, , ,237 Supplies & Materials ,040 Capital Outlay Transfers Total Expenses $ 1,029,957 $ 958,547 $ 835,551 $ 897,600 TOTAL SURPLUS $ - $ - $ (0) $ (0)

22 Private Grant Fund These are revenues from local donations used for a specific purpose. LOCAL GRANTS Actual Requested Beginning Fund Balance $ 31,113 $ 32,303 $ 28,596 $ 27,891 Federal Funding $ - $ - $ - $ - State Funding 4,167 1,392 17,755 - Private Funding Fund Transfer Total Revenue $ 4,167 $ 1,392 $ 17,755 $ - Salaries $ - $ - $ - $ - Benefits Professional Dev & Travel Purchased Services Supplies & Materials 2,977 5,099 18,460 27,891 Capital Outlay Transfers Total Expenses $ 2,977 $ 5,099 $ 18,460 $ 27,891 TOTAL SURPLUS $ 32,303 $ 28,596 $ 27,891 $ (0) TEACHER OF THE YEAR Actual Requested Beginning Fund Balance $ 314 $ 1,510 $ 1,795 $ 1,795 Federal Funding $ - $ - $ - $ - State Funding Private Funding 1,500 1, Fund Transfer Total Revenue $ 1,500 $ 1,568 $ 500 $ 500 Salaries $ - $ - $ - $ - Benefits Professional Dev & Travel Purchased Services Supplies & Materials 304 1, Capital Outlay Transfers Total Expenses $ 304 $ 1,283 $ 500 $ 500 TOTAL SURPLUS $ 1,510 $ 1,795 $ 1,795 $ 1,795

23 241 Driver Education Fund Fund used to account for revenues and expenditures for District sponsored driver s education programs throughout the year Actual Requested Beginning Fund Balance $ 5,602 $ 9,823 $ 14,780 $ 16,795 Federal Funding $ - $ - $ - $ - State Funding 18,700 17,528 18,700 18,700 Charges for Services 8,342 6,238 16,140 16,140 Fund Transfer Total Revenue $ 27,042 $ 23, $ 34,840 $ 34,840 Salaries $ 16,987 $ 15,834 $ 17,443 17,443 Benefits 2,573 1,388 2,729 2,729 Professional Dev & Travel Purchased Services Supplies & Materials 3,261 1,587 7,811 7,811 Capital Outlay - - 4,842 10,000 Transfers Total Expenses $ 22,821 $ 18,809 $ 32,825 $ 37,983 TOTAL SURPLUS $ 9,823 $ 14,780 $ 16,795 $ 13, CTE-Added Cost (State) are used to purchase materials and equipment for professional technical programs Actual Requested Beginning Fund Balance $ 25,307 $ 25,523 $ 36,206 $ - Federal Funding $ - $ - $ - $ - State Funding 110, , , ,142 Fund Transfer Total Revenue $ 110,695 $ 158,909 $ 159,142 $ 152,142 Salaries $ 16,099 $ 16,182 $ 17,954 $ 58,689 Benefits 3,173 3,360 3,725 21,707 Professional Dev & Travel 34,635 37,212 48,390 48,390 Purchased Services 2,879 12, Supplies & Materials 44,593 71, ,279 23,356 Capital Outlay 9,100 7,870 - Transfers Total Expenses $ 110,479 $ 148,226 $ 195,348 $ 152,142 TOTAL SURPLUS $ 25,523 $ 36,206 $ - $ 0

24 244 State Miscellaneous Fund Fund used to account for revenues received for specific purpose mandated by the State. The Limited English Proficient program is accounted in this fund Actual Requested Beginning Fund Balance $ 81,993 $ 61,908 $ 5,017 $ 0 Federal Funding $ - $ - $ - $ - State Funding 32, ,058 68, ,000 Fund Transfer Total Revenue $ 32,906 $ 113,058 $ 68,070 $ 100,000 Salaries $ 34,720 $ 91,543 $ 22,077 $ 30,206 Benefits 9,628 21,745 6,259 8,564 Professional Dev & Travel - 19,677 21,564 29,504 Purchased Services 4,632 25, Supplies & Materials 4,011 11,888 23,187 31,726 Capital Outlay Transfers Total Expenses $ 52,991 $ 169,949 $ 73,087 $ 100,000 TOTAL SURPLUS $ 61,908 $ 5,017 $ 0 $ Technology received from the State of Idaho used to purchase equipment related to classroom technology and to train teachers in the use of technology Actual Requested Beginning Fund Balance $ - $ - $ 32,429 $ 0 Federal Funding $ - $ - $ - $ - State Funding 360, , , ,804 Fund Transfer 16, Total Revenue $ 377,117 $ 446,984 $ 627,948 $ 649,804 Salaries $ 45,000 $ 65,900 $ 102,016 $ 108,778 Benefits 14,524 20,540 35,636 40,233 Professional Dev & Travel Purchased Services Supplies & Materials 268, , , ,793 Capital Outlay 49,565 - Transfers Total Expenses $ 377,117 $ 414,555 $ 660,376 $ 649,804 TOTAL SURPLUS $ - $ 32, $ 0 $ 0

25 246 Safe and Drug Free received from the State of Idaho used to hire counselors for substance abuse counseling and to improve safety throughout the District Actual Requested Beginning Fund Balance $ 19, $ - $ - $ 0 Federal Funding $ - $ - $ - $ - State Funding 68,277 68,839 68,430 64,949 Fund Transfer 1,344 5, Total Revenue $ 69,621 $ 74,747 $ 68,430 $ 64,949 Salaries $ 31,760 $ 31,103 $ 36,784 $ - Benefits 18,347 19,021 15,004 - Professional Dev & Travel 2,511 7,648 3,096 - Purchased Services 29,041 13,177-64,949 Supplies & Materials 906 3,798 13,546 - Capital Outlay 6, Transfers Total Expenses $ 89,125 $ 74,747 $ 68,430 $ 64,949 TOTAL SURPLUS $ - $ - $ 0 $ Title I Disadvantaged are used to hire staff and purchase supplies to support reading and math program for at risk students Actual Requested Beginning Fund Balance $ - $ - $ - $ - Federal Funding $ 1,146,211 $ 1,085,159 $ 1,227,191 $ 1,200,000 State Funding Fund Transfer Total Revenue $ 1,146,211 $ 1,085,159 $ 1,227,191 $ 1,200,000 Salaries $ 647,407 $ 714,619 $ 796,356 $ 820,286 Benefits 271, , , ,394 Professional Dev & Travel 22,080 17,851 8,205 Purchased Services 9,076 5,926 5,000 Supplies & Materials 164,558 24,205 51,100 60,000 Capital Outlay Transfers Indirect Cost 31,097 25,760 16,574 16,320 Total Expenses $ 1,146,211 $ 1,085,159 $ 1,227,191 $ 1,200,000 TOTAL SURPLUS $ - $ - $ 0 $ 0

26 253 Title I-C Migrant are used to purchase materials and for staff to assist with students classified as Migratory Children Actual Requested Beginning Fund Balance $ - $ - $ - $ (0) Federal Funding $ 50,245 $ 40,405 $ 76,368 $ 70,145 State Funding Other Sources Fund Transfer Total Revenue $ 50,245 $ 40,405 $ 76,368 $ 70,145 Salaries $ 31,753 $ 26,753 $ 48,029 $ 50,639 Benefits 12,750 9,713 10,919 13,552 Professional Dev & Travel 2, ,600 Purchased Services 592 1,961 2,000 Supplies & Materials 1, ,165 5,000 Capital Outlay Transfers Indirect Cost 1,310 1, Total Expenses $ 50,245 $ 40,405 $ 76,368 $ 70,145 TOTAL SURPLUS $ - $ - $ (0) $ (0) 257 IDEA Special Education used for staff, materials, and equipment and professional services to supplement the special education program in the District Actual Requested Beginning Fund Balance $ - $ - $ - $ 0 Federal Funding $ 748,303 $ 724,946 $ 778,357 $ 774,944 State Funding Fund Transfer Total Revenue $ 748,303 $ 724,946 $ 778,357 $ 774,944 Salaries $ 477,826 $ 482,536 $ 474,569 $ 560,616 Benefits 195, , , ,789 Professional Dev & Travel 567 7,175 23,984 - Purchased Services 13,110 5,377 5,000 - Supplies & Materials 36,494 11,169 20,402 - Capital Outlay Transfers Indirect Cost 24,613 17,325 11,272 10,539 Total Expenses $ 748,303 $ 724,946 $ 778,357 $ 774,944 TOTAL SURPLUS $ - $ - $ 0 $ (0)

27 258 IDEA Preschool are used for staff, materials, and equipment and professional service to supplement the preschool (3 to 5 year olds) special education program in the District Actual Requested Beginning Fund Balance $ - $ - $ - $ - Federal Funding $ 18,686 $ 21,469 $ 20,472 $ 21,264 State Funding Fund Transfer 109 8, Total Revenue $ 18,795 $ 29,948 $ 20,472 $ 21,264 Salaries $ 10,958 $ 18,309 $ 12,590 $ 15,156 Benefits 7,063 10,834 7,693 5,606 Professional Dev & Travel Purchased Services Supplies & Materials Capital Outlay Transfers Indirect Cost Total Expenses $ 18,795 $ 29,948 $ 20,472 $ 21,264 TOTAL SURPLUS $ - $ - $ - $ (0) 263 Carl Perkins Vocational and Applied Technology Education are used to purchase materials and equipment for professional technical programs for students in special populations Actual Requested Beginning Fund Balance $ - $ - $ - $ - Federal Funding $ 68,171 $ 68,112 $ 69,167 $ 69,041 State Funding Fund Transfer Total Revenue $ 68,171 $ 68,112 $ 69,167 $ 69,041 Salaries $ 25,144 $ 39,487 $ 20,647 $ 20,647 Benefits 8,036 4,033 7,932 $ 7,932 Professional Dev & Travel 2,528 3,333 5,975 15,800 Purchased Services 2,048 2,659 2,500 $ 2,500 Supplies & Materials 30,415 18,600 32,113 $ 22,162 Capital Outlay Transfers Indirect Cost Total Expenses $ 68,171 $ 68,112 $ 69,167 $ 69,041 TOTAL SURPLUS $ - $ - $ - $ -

28 270 Title III Language Instruction for Limited English Proficient Revenue used to improve student achievement Actual Requested Beginning Fund Balance $ - $ - $ - $ (0) Federal Funding $ 6,069 $ 18,378 $ 16,727 $ 12,299 State Funding Fund Transfer 1, Total Revenue $ 7,444 $ 18,964 $ 16,727 $ 12,299 Salaries $ 4,705 $ 11,569 $ 12,615 $ 9,426 Benefits 435 2,728 2,479 $ 2,479 Professional Dev & Travel 921 4,193 Purchased Services - - Supplies & Materials 1,159-1,468 $ 226 Capital Outlay $ - Transfers Indirect Cost Total Expenses $ 7,444 $ 18,964 $ 16,727 $ 12,299 TOTAL SURPLUS $ - $ - $ (0) $ Title II Improving Teacher Quality are used for in-service, teacher recruitment, and classroom management processes Actual Requested Beginning Fund Balance $ - $ - $ - $ (0) Federal Funding $ 51,740 $ 92,474 $ 177,726 $ 187,092 State Funding Fund Transfer 17,671 10, Total Revenue $ 69,411 $ 103,155 $ 177,726 $ 187,092 Salaries $ 55,887 $ 81,554 $ 130,928 $ 134,148 Benefits 11,571 19,485 44,670 50,400 Professional Dev & Travel Purchased Services Supplies & Materials Capital Outlay Transfers Indirect Cost 1,953 2,116 2,128 2,544 Total Expenses $ 69,411 $ 103,155 $ 177,726 $ 187,092 TOTAL SURPLUS $ - $ - $ (0) $ (0)

29 273 CCLC Supports the creation of community learning centers that provide academic enrichment opportunities during non-school hours for children, particularly students who attend high-poverty and low-performing schools Actual Requested Beginning Fund Balance $ - $ - $ - $ 0 Federal Funding $ 302,599 $ 280,845 $ 268,761 $ 128,000 State Funding Fund Transfer - 3, Total Revenue $ 302,599 $ 283,963 $ 268,761 $ 128,000 Salaries $ 211,126 $ 205,509 $ 193,988 $ 90,017 Benefits 58,978 54,248 53,614 33,606 Professional Dev & Travel 2,198 5,024 3,826 - Purchased Services 8,910 5, Supplies & Materials 13,982 7,071 13, Capital Outlay Transfers Indirect Cost 7,405 6,704 3,145 3,797 Total Expenses $ 302,599 $ 283,963 $ 268,760 $ 128,000 TOTAL SURPLUS $ - $ - $ 0 $ School Nutrition Program used for the personnel, activities, and supplies for providing breakfast and lunch for students and staff Actual Requested Beginning Fund Balance $ 402,138 $ 228,341 $ 50,000 $ (0) Federal Funding $ 1,483,229 $ 1,480,128 $ 1,198,481 $ 1,308,500 State Funding Earnings on Investments 906 1, Charges for Services 480, , , ,347 Fund Transfer ,390 - Total Revenue $ 1,964,760 $ 1,972,382 $ 1,736,069 $ 1,767,547 Salaries $ 624,717 $ 645,546 $ 617,364 $ 689,246 Benefits 323, , , ,926 Professional Dev & Travel 6,524 4,130 6,583 10,800 Purchased Services 8,998 5,802 5,000 5,000 Supplies & Materials 1,128,945 1,164, , ,004 Capital Outlay Transfers Indirect Cost 46,000 33,612-12,570 Total Expenses $ 2,138,557 $ 2,150,723 $ 1,786,070 $ 1,767,546 TOTAL SURPLUS $ 228,341 $ 50,000 $ (0) $ 0

30 DEBT SERVICE FUNDS This fund is used to account for the accumulation of resources for, and the payment of, general long-term debt principal and interest. All Bond Payouts Year Interest Principal Total ,003,045 3,035,000 6,038, ,435,603 3,155,000 5,590, ,316,328 3,390,000 5,706, ,205,821 2,890,000 5,095, ,110,245 3,150,000 5,260, ,996,675 3,425,000 5,421, ,845,650 3,485,000 5,330, ,694,263 3,825,000 5,519, ,514,913 3,770,000 5,284, ,367,050 3,850,000 5,217, ,280,075 2,430,000 3,710,075 Total $ 21,769,667 $ 36,405,000 $ 58,174,667

31 Bond Payout Schedule Year Series 2007A Series 2012 Series 2014 Interest Principal Interest Principal Interest Principal , , , ,000 91, , , ,128 1,010,000 91, , ,000 82,253 1,040,000 91, ,400 1,020,000 48,546 1,075,000 91, ,520 1,110,000 91, ,900 1,115, ,300 1,165, Total $ 317,338 $ 3,835,000 $ 418,224 $ 5,205,000 $ 548,200 $ 2,280,000 Year Series 2016 Series 2017A Series 2017B Interest Principal Interest Principal Interest Principal ,800 1,170, ,033 1,670, ,150 1,205, ,250 1,296, ,150 1,045, , ,000 1,296, , , , ,000 1,296, ,200 1,090, , ,000 1,296, ,450 1,140, ,250 1,170,000 1,296, ,825 1,205, ,450 1,115,000 1,296, ,325 2,215, ,863 1,610,000 1,296, ,450 2,460,000 85,388 1,310,000 1,296, ,975 2,575,000 35, ,000 1,296, , ,280,075 2,430,000 Total $ 3,770,175 $ 14,575,000 $ 2,100,484 $ 7,680,000 $ 14,615,247 $ 2,830,000

32 CAPITAL PROJECTS FUNDS This fund is used to account for financial resources to be used to acquire or construct major capital facilities. The most common source of capital project funding is the sale of bonds or other capital financing instruments. Project Estimation Spending & Projected Available Funds Fund Location Remaining Balance Local GOvernment Investment Pool (LGIP) $354,084 Bayerische Landesbank (BLB) $37,576,809 TOTAL $37,930,893 Unfinished Projects Remaining Exp FMS HVAC Replacement $300, Storm Water Drain System $6, FMS Classroom and Cafe $4,998, New High School $26,500, Reed Addition $1,150, ST Classroom Addition $1,150, KHS Multi-Purpose Room $1,000, FMS Air Handling Unit $288, KMS Boiler & Cooler Tower $252, Engineering Fee KHS Par $13, Fremont Teed Irrigation $46, Geo-technica Investigat $25, Indian Creek ADA Site $17, Indian Creek Storm Wate $12, KMS Mow Strip $15, Ross Irrigation $28, Lead Paint Testing KMS $ District Carpet Replace $49, District classroom pain $5,000 Classroom Improvement Projects $3,927 TOTAL ESTIMATED PROJECT EXPENSES $35,864,110 Remaining Funds $2,066, Projected Investment Rev $511,212 Projected Available Funds $2,577,995 Remainder to be used for deferred maintenance

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