Expenditures & Fund Balance 292,267,303. Summary of Fund Balance 4% Required Reserve 11,085,667. Undesignated 160,521 11,246,189

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1 C2R1 LAKE COUNTY SCHOOLS DRAFT PROPOSED BUDGET /30/2014 Reference General Fund Projected Revenues 278,045,733 C2R2/3 Prior Year CarryOver Encumbrances 500,000 Prior Year CarryOver Categoricals/Projects 1,835,218 Prior Year Fund Balance ( PreClosing Estimate) 11,886,352 Available Funds 292,267,303 District Expenditures 241,730,272 C2R5/6 District Expenditures Carry Over Categoricals/Projects 1,835,218 District Expenditures Encumbrances 500,000 Charter Expenditures 37,356,624 C2R2/3 (Less Administrative Fees) (401,000) J11 281,021,114 Fund Balance 11,246,189 Expenditures & Fund Balance 292,267,303 Summary of Fund Balance 4% Required Reserve 11,085,667 Undesignated 160,521 11,246,189 Summary of Beginning Fund Balance Required Reserve 4% of Revenue 10,462,587 Categoricals/Project Carryover 1,835,218 Encumbrances Carryover** 500,000 Inventory** 1,254,364 Unspent/ Cancelled Prior Year Budget** 169,401 Available to Carry Forward to ,221,570 ** Estimated as of 7/3/2013

2 C2R REVENUES Audited 4th Calculation Gen Appr Act. 2nd Calculation Charter District Adjusted Other , , PreClosing (07/08/13) (07/17/13) Federal Direct: Federal Impact, Current Operation 3121 Reserve Officers Training Corps (ROTC) , , , , , Miscellaneous Federal Direct 3199 Total Federal Direct , , , , , Federal Through State and Local: Medicaid , , , , , Stabilization Funds 3210 Stabilization Funds 3210 Stabilization Funds 3210 National Forest Funds , , , , , Federal Through Local 3280 Miscellaneous Federal Through State , , , , , Total Federal Through State and Loca ,177, ,417, ,152, ,432, ,432, State: Florida Education Finance Program ,916, ,317, ,252, ,507, ,035, ,903, ,569, Virtual 3310 Workforce Development ,212, ,160, ,949, ,949, ,949, Workforce Development Incentive Grant , , ,360, ,360, ,360, Adults with Disabilities , , , , CO&DS Withheld for Administrative Expense , , , , , Categoricals: Florida Teachers Lead Program , , , , , , , Instructional Materials ,163, ,114, ,202, ,202, , ,717, , District Discretionary Lottery Funds , Transportation ,616, ,596, ,508, ,508, , ,150, Class Size Reduction/Operating Funds ,032, ,407, ,845, ,845, ,156, ,688, School Recognition Funds ,564, ,796, ,796, ,796, , ,521, , Proration Adjustment ADJ (874,800.00) (34,824.00) (4,366.09) (29,489.68) (968.23) McKay Adjustment ADJ (1,655,778.00) Excellent Teaching Program 3363 PreSchool Programs (VPK) ,507, ,492, ,450, ,450, ,450, Teacher Salary Increase 6,939, ,939, , ,876, , Full Service Schools , , , , Public School Technology , , , Teacher Training 3376 Other State: State Forest Funds 3342 State License Tax , , , , , Other Miscellaneous State Revenue , , Total State ,118, ,471, ,580, ,801, ,420, ,448, ,931, Local: District School Taxes (RLE) ,794, ,509, ,653, ,717, ,935, ,781, District School Taxes (0.748) 3411 Additional 0.25 School Tax 3411 Tax Redemptions , , , , ,000.00

3 C2R REVENUES Audited 4th Calculation Gen Appr Act. 2nd Calculation Charter District Adjusted Other , , PreClosing (07/08/13) (07/17/13) Payment in Lieu of Taxes 3422 Excess Fees 3423 Tuition 3424 Rent 3425 Interest on Investments , , , , , Gain on Sale of Investments 3432 Net Increase (Decrease) in Fair Value of Inve 3433 Gifts, Grants and Bequests , Other Student Fees 3469 Preschool Program Fees School Age Child Care Fees 3473 Other School, Course and Class Fees 3479 Miscellaneous Local: Miscellaneous /Leased to Other ,631, ,985, ,100, ,100, ,100, Bus Fees 3491 Transportation ServicesSchool Activities ,103, , , , , Sale of Junk , , , , , Receipt of Federal Indirect Cost Rate , , , , , Other Miscellaneous Local Sources , , , , , Impact Fees 3496 Refunds of Prior Year's Expenditures , , Collections for Lost, Damaged and Sold Tex 3498 Receipt of Food Service Indirect Costs , , , , , Total Local ,873, ,341, ,438, ,577, ,935, ,641, Total Revenues ,481, ,564, ,501, ,141, ,356, ,853, ,931, OTHER FINANCING SOURCES (USES) Loans 3720 Sales of Capital Assets 3730 Loss Recoveries , , Transfers In/Out: From Debt Service Funds 3620 From Capital Projects Funds , , , , From Special Revenue Funds , , , From Permanent Funds 3660 From Internal Service Funds ,000, From Enterprise Funds , , , , , Total Transfers In ,465, ,003, , , , Total Other Financing Sources (Uses) 2,552, ,033, , , , Funds Available ,034, ,598, ,101, ,045, ,356, ,757, ,931, Total Funds Available 240,689,109.73

4 C2R Charter District Other 4th Calculation Gen Appr Act 2nd Calculation Unweighted FTE 40, , , , , Weighted FTE 43, , , , , , Base FEFP Funding 152,911, ,951, ,951,990 19,928, ,603,832 4,419,398 Plus: Declining Enrollment 49,443 49,443 W 6,200 41,868 1,375 SAI 9,566,909 9,554,540 9,554,540 U 1,189,665 8,156, ,715 Reading Allocation 1,881,922 1,869,707 1,869,707 1,869, Suppression 3,365,479 3,409,694 3,748,357 U 466,994 3,199,482 81,881 ESE Guarantee 12,489,276 12,387,365 12,387,365 1,104,517 11,282,848 Merit Awards ( Charters) Safe Schools 801, , ,540 W 103, ,625 23,036 Gross State & Local FEFP 181,016, ,051, ,389,942 22,800, ,855,522 4,734,406 Required Local Effort (79,699,466) (79,798,910) (77,881,953) W (9,764,522) (65,952,046) (2,165,385) Net State Funding 101,317, ,252, ,507,989 13,035,493 93,903,476 2,569,021 Plus: Categoricals Transportation 7,596,290 7,508,516 7,508,516 W 358,273 7,150,243 Instructional Materials 3,114,212 3,202,880 3,202,880 W 383,141 2,717, ,827 Teacher's Lead 490, , ,043 W 86, ,343 19,186 Class Size Reduction 44,407,776 43,845,760 43,845,760 W 6,156,891 37,688,869 Virtual Education Contribution 142, , , ,835 Teacher Salary Increase 6,939,315 6,939,315 W 870,023 5,876, ,937 Proration to Available Funds (1,027,575) (34,824) (4,366) (29,490) (968) Mckay Scholarships (1,655,778) Lottery Funds 1,796,167 1,796,167 1,796,167 W 225,196 1,521,031 49,940 Total State Funding 156,181, ,373, ,592,681 21,111, ,549,574 2,931,941 Total Local Funding 91,453,252 91,653,842 89,717,731 10,935,736 78,781,995 Total FEFP Funding 247,634, ,027, ,310,412 32,046, ,331,569 2,931,941 Funding Per UFTE 6, , , Funding per WFTE 5, , , ,263,511

5 C2R5 DRAFT BUDGET Salary Benefits Other Total Reference District Departments 9XXX District Departments 23,917,293 8,049,903 31,967,196 E11 9XXX District Departments 11,005,010 11,005,010 E11 Transportation (1,400,000) (1,400,000) Schools Instructional ( Includes 56 CSR Teachers) Run 6/24/13 85,932,106 25,472, ,404,219 D11/18 Other Instructional Run 6/24/13 6,522,140 1,819,232 8,341,372 D11/18 Other Funded Instructional Run 6/24/13 5,110,513 1,495,273 6,605,786 D11/18 Admin/Clerical/Support Run 6/24/13 15,083,359 4,701,604 19,784,963 D11/18 Instructional Support Run 6/24/13 5,431,947 3,356,496 8,788,443 D11/18 Custodial Run 6/24/13 6,414,218 3,078,649 9,492,867 D11/18 Other Support Run 6/24/13 408, , ,767 D11/18 School Discretionary 2,694,663 2,694,663 D21 School Athletics 467, ,000 D21 School Band 75,000 75,000 D21 School Substitutes 1,799,625 1,799,625 D21 Worker's Compensation ( included in Benefits) (2,500,000) (2,500,000) Formula Adjustment for Health Insurance (2,813,100) (2,813,100) Budgeted Use of Salary Laspe 1.75% (2,635,850) (842,857) (3,478,707) Transfer to IDEA Grant 1/3 of ESE TA's (900,000) (100,000) (1,000,000) DistrictWide Utilities (excluding Fuel) 7,500,000 7,500,000 4xx Prior Year Estimate BGA Payment from Savings 766, ,967 Portable Leases ($200,000 from Capital) 640, , I281 Portable Leases to Others 196, ,406 I291 Computer Licenses/Maintenance 1,050,460 1,050, F263 Worker's Compensation Insurance 2,500,000 2,500, Other Property/Liability Insurances 1,973,806 1,973, Textbooks ,984,893 2,984, Teacher Lead , ,528 District Discretionary Lottery Funds (A+ Funds) ,413, ,971 1,570, Supplements Athletic ,000 80, ,000 Prior Year Estimate 192 Supplements Other ,000 50, ,000 Prior Year Estimate 195 Terminal Leave , ,000 1,000,000 Prior Year Estimate

6 C2R6 District Projects PreK/ PreK Summer ( nonsalary) 79,175 79,175 EBD Contract Lifestream SAI 2,609,203 2,609,203 I301 Alternative DropOut Lifestream SAI 946, ,800 I301 Alternative DropOut ERHS SAI 290, ,700 I301 Saturday School SAI 63,090 63,090 I301 Local SAI SAI 813, ,341 I301 ESE Extended Year School SAI 301, ,114 I301 AVID 109, ,058 SAI DA/ ACER SAI 78,081 78,081 Advanced Placement 645, ,000 Virtual School (nonsalary) 499, ,963 Volunteer Fingerprinting 246, , I011 SACS Accreditation 27,350 27,350 I021 Teacher Asst Educ Supplement 130, ,000 I031 HS Diplomas 11,000 11, I041 District/ State/Athletic/Academic 6,000 6, I051 Vocational Equipment Replacement (Funded from Capital) 202, ,050 ESOL NonStaff Allocation 37,800 37,800 I071 Alternative Certification 8,639 8,639 I081 Teacher Training 279, ,007 I091 Exempt Supplement 10,000 10,000 I101 Classified Clerical Supplement 30,000 30,000 I111 Medicaid Reimbursement 3,200 3,200 I121 Loss not covered Insurance 100, ,000 I141 Loss not covered Lightning 25,000 25,000 I151 Shared Services 11,050 11, I161 Project Graduation 7,500 7, I171 Promotions & Public Relations 9,000 9,000 I181 Science Fair 6,900 6,900 I191 Robotics 6,000 6,000 I201 Arts 3,943 3,943 I211 Take Stock in Children 9,315 9,315 I231 Health Issues 8,000 8, I241 LSSC Dual Enrollment 400, , I251 School Media Allocation 144, , I261 Red Ribbon Week 9,900 9, I261 Parent Notification System 56,275 56, D21 Trout Lake 16,500 16, Pr Yr Estimate McKay Scholarships 1,500,000 1,500, Pr Yr Estimate Teacher Salary Increases 5,296, ,226 6,069,292 Other Salary Increases 1,500, ,000 2,000,000 Total General Fund Budgeted Expenditures 157,533,220 43,568,474 40,628, ,730,272

LAKE COUNTY SCHOOLS SUMMARY FOR PROPOSED GENERAL FUND BUDGET /9/2016

CF1 LAKE COUNTY SCHOOLS SUMMARY FOR PROPOSED GENERAL FUND BUDGET 201617 9/9/2016 Unaudited Proposed 6/30/2016 6/30/2017 Difference General Fund Projected Revenues 312,009,098 316,614,117 4,605,019 CF3