Accounting Basis: City: Phone Number: Fax Number: LEMONT IL. License Number: Expiration Date:

Transcription

1 Due to ROE on October 15th Due to ISBE on November 15th SD/JA15 X School District Joint Agreement ILLINOIS STATE BOARD OF EDUCATION School Business Services Division 1 North First Street, Springfield, Illinois / Illinois School District/Joint Agreement Annual Financial Report * June 3, 215 School District/Joint Agreement Number: X ACCRUAL Name of Auditing Firm: A-2 MULCAHY, PAURITSCH, SALVADOR & CO., LTD. County Name: COOK AND DUPAGE School District/Joint Agreement Information (See instructions on inside of this page.) CASH Name of Audit Manager: EDWARD MCCORMICK Name of School District/Joint Agreement: Address: LEMONT BROMBEREK CSD 113A 143 RAVINIA AVENUE, SUITE 2 Address: Filing Status: City: State: Zip Code: 161 WEST 127TH STREET Submit electronic AFR directly to ISBE ORLAND PARK IL 6462 City: Phone Number: Fax Number: LEMONT Click on the Link to Submit: Address: Send ISBE a File IL. License Number: Expiration Date: CORZEL@SD113A.ORG /3/215 Zip Code: Address: 6439 EDMC@MPSCPA.COM Annual Financial Report Type of Auditor's Report Issued: Qualified X Unqualified X YES NO Are Federal expenditures greater than $5,? Adverse X YES NO Is all A-133 Single Audit Information completed and attached? Disclaimer X YES NO Were any financial statement or federal awards findings issued? ISBE Use Only Reviewed by District Superintendent/Administrator Reviewed by Township Treasurer (Cook County only) Reviewed by Regional Superintendent/Cook ISC Name of Township: Accounting Basis: A-133 Single Audit Status: District Superintendent/Administrator Name (Type or Print): DR. COURTNEY ORZEL Township Treasurer Name (type or print) RegionalSuperintendent/Cook ISC Name (Type or Print): Address: Address: Address: CORZEL@SD113A.ORG Telephone: Fax Number: Telephone: Fax Number: Telephone: Fax Number: Signature & Date: Signature & Date: Signature & Date: Certified Public Accountant Information * This form is based on 23 Illinois Administrative Code 1, Subtitle A, Chapter I, Subchapter C (Part 1). This form is based on 23 Illinois Administrative Code, Subtitle A, Chapter I, Subchapter C, Part 1. ISBE Form SD5-35/JA5-6 (5/15) In some instances, use of open account codes (cells) may not be authorized by statute or administrative rule. Each school district or joint agreement is responsible for obtaining the concurring legal opinion and/or other s upporting authorization/documentation, as necessary, to use the applicable account code (cell). Printed: 1/15/215 afr-15-form

2 TABLE OF CONTENTS TAB Name AFR Page No. Auditor's Questionnaire Aud Quest 2 Comments Applicable to the Auditor's Questionnaire Aud Quest 2 Financial Profile Information.... FP Info 3 Estimated Financial Profile Summary Financial Profile 4 Basic Financial Statements Statement of Assets and Liabilities Arising from Cash Transactions/Statement of Position... Assets-Liab 5-6 Statement of Revenues Received/Revenues, Expenditures Disbursed/Expenditures, Other Sources (Uses) and Changes in Fund Balances (All Funds) Acct Summary 7-8 Statements of Revenues Received/Revenues (All Funds)... Revenues 9-14 Statements of Expenditures Disbursed/Expenditures Budget to Actual (All Funds)... Expenditures Supplementary Schedules Federal Stimulus - American Recovery and Reinvestment Act (ARRA) Schedule. ARRA Sched 23 Schedule of Ad Valorem Tax Receipts.. Tax Sched 24 Schedule of Short-Term Debt/Long-Term Debt... Short-Term Long-Term Debt 25 Schedule of Restricted Local Tax Levies and Selected Revenue Sources/ Schedule of Tort Immunity Expenditures Rest Tax Levies-Tort Im 26 Statistical Section Schedule of Capital Outlay and Depreciation... Cap Outlay Deprec 27 Estimated Operating Expenditures Per Pupil and Per Capita Tuition Charge Computation PCTC-OEPP Estimated Indirect Cost Rate for Federal Programs (Section I, Section II)... ICR Computation 3 Report on Shared Services or Outsourcing... Shared Outsourced Serv. 31 Administrative Cost Worksheet.... AC 32 Itemization Schedule... ITEMIZATION 33 Reference Page... REF 34 Notes, Opinion Letters, etc Opinion-Notes 35 Deficit Reduction Calculation Deficit AFR Sum Calc 36 Audit Checklist/Balancing Schedule... AUDITCHECK - A-133 Single Audit Section Annual Federal Compliance Report... A-133 Cover - CAP INSTRUCTIONS/REQUIREMENTS: For School Districts/Joint Agreements All School Districts/Joint Agreements must complete this form (Note: joint agreement supplementary/statistical schedules may not be applicable) Round all amounts to the nearest dollar. Do not enter cents. (Exception: 9 Month ADA on page 28, line 78) This form complies with Part 1 (Requirements for Accounting, Budgeting, Financial Reporting, and Auditing). 23, Illinois Administrative Code 1, Subtitle A, Chapter I, Subchapter C (Part 1) Any errors left unresolved by the Audit Checklist/Balancing Schedule must be explained in the itemization page. Submit AFR Electronically * The Annual Financial Reports (AFR) must be submitted directly through the Attachment Manager to the AFR Group by the Auditor or School District designated personnel (Please see Instructions for complete submission procedures). Attachment Manager Link Note: CD/Disk no longer accepted. * AFR supporting documentation must be embedded as Microsoft Word (.doc), Word Perfect (*.wpd) or Adobe (*.pdf) and inserted within tab "Opinions & Notes". These documents include: The Audit, Management letter, Opinion letters, Compliance letters, Financial notes etc. For embedding instructions see "Opinions & Notes" tab of this form. Note: Adobe Acrobat (*.pdf) files cannot be embedded if you do not have the software. Simply attach files as separate docs in the Attachment Manager and they will be embedded for you. Submit Paper Copy of AFR with Signatures 1) The auditor must send three paper copies of the AFR form (cover through page 8 at minimum) to the School District with the auditor signature. Note: School Districts and Regional Superintendents may prefer a complete paper copy in lieu of an electronic file. Please comply with their requests as neccessary. 2) Upon receipt, the School District retains one copy for their records, signs, and forwards the remaining two copies to the Regional Superintendent's office no later than October 15, annually. 3) Upon receipt, the Regional Superintendent's office retains one copy for their records, signs, and forwards the remaining paper copy to ISBE no later than November 15, annually. * Yellow Book, CPE, and Peer Review requirements must be met if the Auditor issues an opinion stating "Governmental Auditing Standards" were utilized. Single Audit Act A-133 Qualifications of Auditing Firm * School District/Joint Agreement entities must verify the qualifications of the auditing firm by requesting the most current peer review report and the corresponding acceptance letter from the approved peer review program, for the current peer review period. * A school district/joint agreement who engages with an auditing firm who is not licensed and qualified will be required to complete a new audit by a qualified auditing firm at the school district's/joint agreement's expense. Printed: 1/15/215 afr-15-form

3 Page 2 Page 2 the box on the left, and attach the appropriate findings/comments. AUDITOR'S QUESTIONNAIRE INSTRUCTIONS: If your review and testing of State, Local, and Federal Programs revealed any of the following statements to be true, then check PART A - FINDINGS 1. One or more school board members, administrators, certified school business officials, or other qualifying district employees failed to file economic interest statements pursuant to the Illinois Government Ethics Act. [5 ILCS 42/4A-11] 2. One or more custodians of funds failed to comply with the bonding requirements pursuant to Sections 8-2, or 19-6 of the School Code. [15 ILCS 5/8-2; ; 19-6] 3. One or more contracts were executed or purchases made contrary to the provisions of Section of the School Code. [15 ILCS 5/1-2.21] 4. One or more violations of the Public Funds Deposit Act or the Public Funds Investment Act were noted. [3 ILCS 225/1 et. seq. and 3 ILCS 235/1 et. seq.] 5. Restricted funds were commingled in the accounting records or used for other than the purpose for which they were restricted. 6. One or more short-term loans or short-term debt instruments were executed in non-conformity with the applicable authorizing statute or without statutory Authority. 7. One or more long-term loans or long-term debt instruments were executed in non-conformity with the applicable authorizing statute or without statutory Authority. 8. Corporate Personal Property Replacement Tax monies were deposited and/or used without first satisfying the lien imposed pursuant to the State Revenue Sharing Act. [3 ILCS 115/12] 9. One or more interfund loans were made in non-conformity with the applicable authorizing statute or without statutory authorization. 1. One or more interfund loans were outstanding beyond the term provided by statute. 11. One or more permanent transfers were made in non-conformity with the applicable authorizing statute/regulation or without statutory/regulatory authorization. 12. Substantial, or systematic misclassification of budgetary items such as, but not limited to, revenues, receipts, expenditures, disbursements or expenses were observed. 13. The Chart of Accounts used to define and control budget and accounting records does not conform to the minimum requirements imposed by ISBE rules pursuant to Sections and of the School Code. [15 ILCS 5/2-3.27; ] 14. At least one of the following forms was filed with ISBE late: The FY14 AFR (ISBE FORM 5-35), FY14 Annual Statement of Affairs (ISBE Form 5-37) and FY15 Budget (ISBE FORM 5-36). Explain in the comments box below. ISBE rules pursuant to Sections , 1-17, and 17-1 of the School Code [15 ILCS 5/3-15.1; 5/1-17; 5/17-1] PART B - FINANCIAL DIFFICULTIES/CERTIFICATION Criteria pursuant to Section 1A-8 of the School Code [15 ILCS 5/1A-8] 15. The district has issued tax anticipation warrants or tax anticipation notes in anticipation of a second year's taxes when warrants or notes in anticipation of current year taxes are still outstanding, as authorized by Sections or thru of the School Code. [15 ILCS 5/17-16 or thru 34-27] 16. The district has issued short-term debt against two future revenue sources, such as, but not limited to, tax anticipation warrants and General State Aid certificates or tax anticipation warrants and revenue anticipation notes. 17. The district has issued school or teacher orders for wages as permitted in Sections 8-16, and of the School Code or issued funding bonds for this purpose pursuant to Section 19-8 of the School Code. [15 ILCS 5/8-6, , 34-76, and 19-8] 18. The district has for two consecutive years shown an excess of expenditures/other uses over revenues/other sources and beginning fund balances on its annual financial report for the aggregate totals of the Educational, Operations & Maintenance, Transportation, and Working Cash Funds. PART C - OTHER ISSUES x 19. Student Activity Funds, Imprest Funds, or other funds maintained by the district were excluded from the audit. 2. Findings, other than those listed in Part A (above), were reported (e.g. student activity fund findings). 21. Federal Stimulus Funds were not maintained and expended in accordance with the American Recovery and Reinvestment Act (ARRA) of 29. If checked, an explanation must be provided. x 22. Check this box if the district is subject to the Property Tax Extension Limitation Law. Effective Date: 1/1/1991 (Ex: //) 23. If the type of Auditor Report designated on the cover page is other than an unqualified opinion and is due to reason(s) other than solely Cash Basis Accounting, please check and explain the reason(s) in the box below. Printed: 1/15/215 afr-15-form

4 PART D - EXPLANATION OF ACCOUNTING PRACTICES FOR LATE MANDATED CATEGORICAL PAYMENTS (For School Districts who report on an Accrual/Modified Accrual Accounting Basis only) School districts that report on the accrual/modified accrual basis of accounting must identify where late mandated categorical payments (Acct Codes 31, 315, 311, 35, and 351) are recorded. Depending on the accounting procedure these amounts will be used to adjust the Direct Receipts/Revenues in calculation 1 and 2 of the Financial Profile Score. In FY214, identify those late payments recorded as Intergovermental Receivables, Other Recievables, or Deferred Revenue & Other Current Liabilities or Direct Receipts/Revenue. Payments should only be listed once. 24. Enter the date that the district used to accrue mandated categorical payments Date: 12/31/ For the listed mandated categorical (Revenue Code (311, 35, 351, 31, 315) that were vouchered prior to June 3th, but not released until after year end as reported in ISBE FRIS system, enter the amounts that were accrued in the chart below. Account Name Total Deferred Revenues (49) Mandated Categoricals Payments (311, 35, 351, 31, 315) Direct Receipts/Revenue Mandated Categoricals Payments (311, 35, 351, 31, , ,532 88, , ,53 Total 818,53 * Revenue Code (311-Sp Ed Personnel, 351-Sp Ed Transportation, 35-Regular/Vocational Transportation, 315-Sp Ed Funding for Children Requiring Services,31-Sp Ed Private Facilities) PART E - QUALIFICATIONS OF AUDITING FIRM * School District/Joint Agreement entities must verify the qualifications of the auditing firm by requesting the most current peer review report and the corresponding acceptance letter from the approved peer review program for the current peer review. * A school district/joint agreement who engages with an auditing firm who is not licensed and qualified will be required to complete a new audit by a qualified auditing firm at the school district's/joint agreement's expense. Comments Applicable to the Auditor's Questionnaire: Mulcahy Pauritsch Salvador & Co., Ltd Name of Audit Firm (print) The undersigned affirms that this audit was conducted by a qualified auditing firm and in accordance with the applicable standards [23 Illinois Administrative Code Part 1] and the scope of the audit conformed to the requirements of subsection (a) or (b) of 23 Illinois Administrative Code Part 1 Section 11, as applicable. Signature mm/dd/yyyy

5 Page 3 Page A B C D E F G H I J K L M Required to be completed for School Districts only. A. Tax Rates (Enter the tax rate - ex:.15 for $1.5) Tax Year 214 Equalized Assessed Valuation (EAV): 971,298,635 Educational Operations & Maintenance Transportation Combined Total Working Cash Rate(s): = B. Results of Operations * Receipts/Revenues Disbursements/ Expenditures Excess/ (Deficiency) Fund Balance 21,925,979 18,414,479 3,511,5 11,12,195 * The numbers shown are the sum of entries on Pages 7 & 8, lines 8, 17, 2, and 81 for the Educational, Operations & Maintenance, Transportation and Working Cash Funds. C. Short-Term Debt ** CPPRT Notes TAWs TANs TO/EMP. Orders GSA Certificates Other Total = ** The numbers shown are the sum of entries on page 25. D. Long-Term Debt Check the applicable box for long-term debt allowance by type of district. X a. 6.9% for elementary and high school districts, 67,19,66 b. 13.8% for unit districts. Long-Term Debt Outstanding: c. Long-Term Debt (Principal only) Acct Outstanding: ,523,898 E. Material Impact on Financial Position If applicable, check any of the following items that may have a material impact on the entity's financial position during future reporting periods. Attach sheets as needed explaining each item checked. Comments: Pending Litigation Material Decrease in EAV Material Increase/Decrease in Enrollment Adverse Arbitration Ruling Passage of Referendum Taxes Filed Under Protest Decisions By Local Board of Review or Illinois Property Tax Appeal Board (PTAB) Other Ongoing Concerns (Describe & Itemize) FINANCIAL PROFILE INFORMATION Printed: 1/15/215 afr-15-form

6 Page 4 Page A B C D E F G H I K L M N O P Q District Name: District Code: County Name: LEMONT BROMBEREK CSD 113A A-2 COOK AND DUPAGE ESTIMATED FINANCIAL PROFILE SUMMARY (Go to the following website for reference to the Financial Profile) 1. Fund Balance to Revenue Ratio: Total Ratio Score 4 Total Sum of Fund Balance (P8, Cells C81, D81, F81 & I81) Funds 1, 2, 4, 7 + (5 & 8 if negative) 11,12, Weight.35 Total Sum of Direct Revenues (P7, Cell C8, D8, F8 & I8) Funds 1, 2, 4, & 7, 21,925,979. Value 1.4 Less: Operating Debt Pledged to Other Funds (P8, Cell C54 thru D74) Minus Funds 1 & 2. (Excluding C:D57, C:D61, C:D65, C:D69 and C:D73) 2. Expenditures to Revenue Ratio: Total Ratio Score 4 Total Sum of Direct Expenditures (P7, Cell C17, D17, F17, I17) Funds 1, 2 & 4 18,414, Adjustment Total Sum of Direct Revenues (P7, Cell C8, D8, F8, & I8) Funds 1, 2, 4 & 7, 21,925,979. Weight.35 Less: Operating Debt Pledged to Other Funds (P8, Cell C54 thru D74) Minus Funds 1 & 2. (Excluding C:D57, C:D61, C:D65, C:D69 and C:D73) Value 1.4 Possible Adjustment: 3. Days Cash on Hand: Total Days Score 4 Total Sum of Cash & Investments (P5, Cell C4, D4, F4, I4 & C5, D5, F5 & I5) Funds 1, 2 4 & 7 12,448, Weight.1 Total Sum of Direct Expenditures (P7, Cell C17, D17, F17 & I17) Funds 1, 2, 4 divided by 36 51, Value.4 4. Percent of Short-Term Borrowing Maximum Remaining: Total Percent Score 4 Tax Anticipation Warrants Borrowed (P25, Cell F6-7 & F11) Funds 1, 2 & Weight.1 EAV x 85% x Combined Tax Rates (P3, Cell J7 and J1) (.85 x EAV) x Sum of Combined Tax Rates 15,347, Value.4 5. Percent of Long-Term Debt Margin Remaining: Total Percent Score 4 Long-Term Debt Outstanding (P3, Cell H37) 12,523, Weight.1 Total Long-Term Debt Allowed (P3, Cell H31) 67,19,65.82 Value.4 Total Profile Score: 4. * Estimated 216 Financial Profile Designation: RECOGNITION * Total Profile Score may change based on data provided on the Financial Profile Information, page 3 and by the timing of mandated categorical payments. Final score will be calculated by ISBE. Printed: 1/15/215 afr-15-form

7 Page 5 BASIC FINANCIAL STATEMENTS STATEMENT OF ASSETS AND LIABILITIES ARISING FROM CASH TRANSACTIONS STATEMENT OF POSITION AS OF JUNE 3, 215 Page CURRENT ASSETS (1) A B C D E F G H I J K (1) (2) (3) (4) (5) (6) (7) (8) (9) ASSETS Municipal Acct. Operations & Fire Prevention & Educational Debt Services Transportation Retirement/Social Capital Projects Working Cash Tort # Maintenance Safety Security Cash (Accounts 111 through 115) 1 1,53,33 1,126,78 4,18, ,514 54,36 68,988 Investments 12 Taxes Receivable 13 7,321,97 1,63,447 2,617, , ,386 Interfund Receivables 14 Intergovernmental Accounts Receivable 15 Other Receivables ,67 41,419 Inventory 17 Prepaid Items 18 Other Current Assets (Describe & Itemize) 19 Total Current Assets 18,214,817 2,19,227 6,798,912 1,388, ,692 68,988 CAPITAL ASSETS (2) Works of Art & Historical Treasures 21 Land 22 Building & Building Improvements 23 Site Improvements & Infrastructure 24 Capitalized Equipment 25 Construction in Progress 26 Amount Available in Debt Service Funds 34 Amount to be Provided for Payment on Long-Term Debt 35 Total Capital Assets CURRENT LIABILITIES (4) Interfund Payables 41 Intergovernmental Accounts Payable 42 Other Payables 43 76,191 46,51 15,979 18, ,28 Contracts Payable 44 Loans Payable 46 Salaries & Benefits Payable 47 1,423,346 Payroll Deductions & Withholdings 48 Deferred Revenues & Other Current Liabilities 49 7,461,988 1,83,366 2,666, ,31 32,268 Due to Activity Fund Organizations 493 Total Current Liabilities 8,961,525 1,129,867 2,666, , , ,28 LONG-TERM LIABILITIES (5) Long-Term Debt Payable (General Obligation, Revenue, Other) 511 Total Long-Term Liabilities Reserved Fund Balance 714 4,131,917 Unreserved Fund Balance 73 9,253,292 1,6,36 86, , ,96 Investment in General Fixed Assets Total Liabilities and Fund Balance 18,214,817 2,19,227 6,798,912 1,388, ,692 68,988 Printed: 1/15/215 afr-15-form

8 Page 6 BASIC FINANCIAL STATEMENTS STATEMENT OF ASSETS AND LIABILITIES ARISING FROM CASH TRANSACTIONS STATEMENT OF POSITION AS OF JUNE 3, 215 Page CURRENT ASSETS (1) A ASSETS B Acct. # Cash (Accounts 111 through 115) 1 Investments 12 Taxes Receivable 13 Interfund Receivables 14 Intergovernmental Accounts Receivable 15 Other Receivables 16 Inventory 17 Prepaid Items 18 Other Current Assets (Describe & Itemize) 19 Total Current Assets CAPITAL ASSETS (2) Works of Art & Historical Treasures 21 Land 22 Building & Building Improvements 23 Site Improvements & Infrastructure 24 Capitalized Equipment 25 Construction in Progress 26 Amount Available in Debt Service Funds 34 Amount to be Provided for Payment on Long-Term Debt 35 Total Capital Assets CURRENT LIABILITIES (4) Interfund Payables 41 Intergovernmental Accounts Payable 42 Other Payables 43 Contracts Payable 44 Loans Payable 46 Salaries & Benefits Payable 47 Payroll Deductions & Withholdings 48 Deferred Revenues & Other Current Liabilities 49 Due to Activity Fund Organizations 493 Total Current Liabilities LONG-TERM LIABILITIES (5) Long-Term Debt Payable (General Obligation, Revenue, Other) 511 Total Long-Term Liabilities Reserved Fund Balance 714 Unreserved Fund Balance 73 Investment in General Fixed Assets Total Liabilities and Fund Balance L M N Account Groups Agency Fund 115, , , ,318 General Fixed Assets 1,57,28 38,596, ,839 8,521,376 General Long- Term Debt 4,131,917 8,391,981 48,789,24 12,523,898 12,523,898 12,523,898 48,789,24 115,318 48,789,24 12,523,898 Printed: 1/15/215 afr-15-form

9 Page 7 BASIC FINANCIAL STATEMENT STATEMENT OF REVENUES RECEIVED/REVENUES, EXPENDITURES/DISBURSED/EXPENDITURES, OTHER SOURCES (USES) AND CHANGES IN FUND BALANCE ALL FUNDS - FOR THE YEAR ENDING JUNE 3, 215 Page RECEIPTS/REVENUES A B C D E F G H I J K Description Acct # (1) (2) (3) (4) (5) (6) (7) (8) (9) Educational Operations & Maintenance Debt Services Transportation Municipal Retirement/ Social Security Capital Projects Working Cash Tort Fire Prevention & Safety Local Sources 1 15,81,541 2,436,712 5,35,552 1,115, ,757 1,85 Flow-Through Receipts/Revenues from One District to 2 Another District State Sources 3 1,488, ,532 Federal Sources 4 97,777 Total Direct Receipts/Revenues 18,26,436 2,436,712 5,35,552 1,282, ,757 1,85 Receipts/Revenues for "On Behalf" Payments ,197,163 Total Receipts/Revenues 21,43,599 2,436,712 5,35,552 1,282, ,757 1,85 DISBURSEMENTS/EXPENDITURES Instruction 1 1,811, ,87 Support Services 2 3,836,222 1,772,235 1,162, ,35 414,24 Community Services 3 5, Payments to Other Districts & Govermental Units 4 696,433 Debt Service 5 84,492 5,584,719 Total Direct Disbursements/Expenditures 15,479,492 1,772,235 5,584,719 1,162,752 67, ,24 Disbursements/Expenditures for "On Behalf" Payments ,197,163 Total Disbursements/Expenditures 18,676,655 1,772,235 5,584,719 1,162,752 67, ,24 Excess of Direct Receipts/Revenues Over (Under) Direct Disbursements/Expenditures 3 2,726, ,477 (549,167) 12,79 8,68 (413,155) OTHER SOURCES/USES OF FUNDS OTHER SOURCES OF FUNDS (7) PERMANENT TRANSFER FROM VARIOUS FUNDS Abolishment of the Working Cash Fund Abatement of the Working Cash Fund Transfer of Working Cash Fund Interest 712 Transfer Among Funds , Transfer of Interest 714 Transfer from Capital Project Fund to O&M Fund 715 Transfer of Excess Fire Prevention & Safety Tax and Interest Proceeds 716 to O&M Fund 4 Transfer to Excess Fire Prevention & Safety Bond and Interest Proceeds 717 to Debt Service Fund 5 SALE OF BONDS (72) Principal on Bonds Sold 721 Premium on Bonds Sold 722 Accrued Interest on Bonds Sold 723 Sale or Compensation for Fixed Assets 6 73 Transfer to Debt Service to Pay Principal on Capital Leases 74 Transfer to Debt Service to Pay Interest on Capital Leases 75 Transfer to Debt Service to Pay Principal on Revenue Bonds 76 Transfer to Debt Service Fund to Pay Interest on Revenue Bonds 77 Transfer to Capital Projects Fund , ISBE Loan Proceeds 79 Other Sources Not Classified Elsewhere ,359 Total Other Sources of Funds 225, 311, , OTHER USES OF FUNDS (8) Printed: 1/15/215 afr-15-form

10 Page 8 BASIC FINANCIAL STATEMENT STATEMENT OF REVENUES RECEIVED/REVENUES, EXPENDITURES/DISBURSED/EXPENDITURES, OTHER SOURCES (USES) AND CHANGES IN FUND BALANCE ALL FUNDS - FOR THE YEAR ENDING JUNE 3, 215 Page A B C D E F G H I J K Description PERMANENT TRANSFER TO VARIOUS OTHER FUNDS (81) Acct # (1) (2) (3) (4) (5) (6) (7) (8) (9) Educational Operations & Maintenance Debt Services Transportation Municipal Retirement/ Social Security Capital Projects Working Cash Tort Abolishment or Abatement of the Working Cash Fund Transfer of Working Cash Fund Interest Transfer Among Funds , Transfer of Interest 814 Transfer from Capital Project Fund to O&M Fund 815 Transfer of Excess Fire Prevention & Safety Tax & Interest Proceeds to O&M Fund Transfer of Excess Fire Prevention & Safety Bond and Interest Proceeds to Debt Service Fund Taxes Pledged to Pay Principal on Capital Leases 841 Grants/Reimbursements Pledged to Pay Principal on Capital Leases 842 Other Revenues Pledged to Pay Principal on Capital Leases 843 Fund Balance Transfers Pledged to Pay Principal on Capital Leases 844 Taxes Pledged to Pay Interest on Capital Leases 851 Grants/Reimbursements Pledged to Pay Interest on Capital Leases 852 Other Revenues Pledged to Pay Interest on Capital Leases 853 Fund Balance Transfers Pledged to Pay Interest on Capital Leases 854 Taxes Pledged to Pay Principal on Revenue Bonds 861 Grants/Reimbursements Pledged to Pay Principal on Revenue Bonds 862 Other Revenues Pledged to Pay Principal on Revenue Bonds 863 Fund Balance Transfers Pledged to Pay Principal on Revenue Bonds 864 Taxes Pledged to Pay Interest on Revenue Bonds 871 Grants/Reimbursements Pledged to Pay Interest on Revenue Bonds 872 Other Revenues Pledged to Pay Interest on Revenue Bonds 873 Fund Balance Transfers Pledged to Pay Interest on Revenue Bonds 874 Taxes Transferred to Pay for Capital Projects 881 Grants/Reimbursements Pledged to Pay for Capital Projects 882 Other Revenues Pledged to Pay for Capital Projects 883 Fund Balance Transfers Pledged to Pay for Capital Projects , Transfer to Debt Service Fund to Pay Principal on ISBE Loans 891 Other Uses Not Classified Elsewhere ,359 Fire Prevention & Safety Total Other Uses of Funds 536, , Total Other Sources/Uses of Funds (536,359) (35,) 311, , Excess of Receipts/Revenues and Other Sources of Funds (Over/Under) Expenditures/Disbursements and Other Uses of Funds 2,19, ,477 (237,88) 12,79 8,68 161,845 Fund Balances - July 1, 214 7,62,77 745,883 4,369, ,464 38,93 225,115 Other Changes in Fund Balances - Increases (Decreases) (Describe & Itemize) Fund Balances - June 3, 215 9,253,292 1,6,36 4,131,917 86, , ,96 Printed: 1/15/215 afr-15-form

11 Page 9 STATEMENT OF REVENUES RECEIVED/REVENUES FOR THE YEAR ENDING JUNE 3, 215 Page A B C D E F G H I J K (1) (2) (3) (4) (5) (6) (7) (8) (9) Description Municipal Acct Operations & Fire Prevention Educational Debt Services Transportation Retirement/ Capital Projects Working Cash Tort # Maintenance & Safety Social Security RECEIPTS/REVENUES FROM LOCAL SOURCES (1) AD VALOREM TAXES LEVIED BY LOCAL EDUCATION AGENCY Designated Purposes Levies ( ) 7 14,216,465 2,119,754 5,29,433 1,86,484 37,496 Leasing Purposes Levy Special Education Purposes Levy ,782 FICA/Medicare Only Purposes Levies ,497 Area Vocational Construction Purposes Levy 116 Summer School Purposes Levy 117 Other Tax Levies (Describe & Itemize) 119 Total Ad Valorem Taxes Levied By District 14,46,247 2,119,754 5,29,433 1,86, ,993 PAYMENTS IN LIEU OF TAXES Mobile Home Privilege Tax 121 Payments from Local Housing Authorities 122 Corporate Personal Property Replacement Taxes ,84 Other Payments in Lieu of Taxes (Describe & Itemize) 129 Total Payments in Lieu of Taxes 356,84 TUITION Regular - Tuition from Pupils or Parents (In State) 1311 Regular - Tuition from Other Districts (In State) 1312 Regular - Tuition from Other Sources (In State) 1313 Regular - Tuition from Other Sources (Out of State) 1314 Summer Sch - Tuition from Pupils or Parents (In State) 1321 Summer Sch - Tuition from Other Districts (In State) 1322 Summer Sch - Tuition from Other Sources (In State) 1323 Summer Sch - Tuition from Other Sources (Out of State) 1324 CTE - Tuition from Pupils or Parents (In State) 1331 CTE - Tuition from Other Districts (In State) 1332 CTE - Tuition from Other Sources (In State) 1333 CTE - Tuition from Other Sources (Out of State) 1334 Special Ed - Tuition from Pupils or Parents (In State) 1341 Special Ed - Tuition from Other Districts (In State) 1342 Special Ed - Tuition from Other Sources (In State) 1343 Special Ed - Tuition from Other Sources (Out of State) 1344 Adult - Tuition from Pupils or Parents (In State) 1351 Adult - Tuition from Other Districts (In State) 1352 Adult - Tuition from Other Sources (In State) 1353 Adult - Tuition from Other Sources (Out of State) 1354 Total Tuition TRANSPORTATION FEES Regular -Transp Fees from Pupils or Parents (In State) ,346 Regular - Transp Fees from Other Districts (In State) Regular - Transp Fees from Other Sources (In State) 1413 Regular - Transp Fees from Co-curricular Activities (In State) 1415 Regular Transp Fees from Other Sources (Out of State) 1416 Summer Sch - Transp. Fees from Pupils or Parents (In State) 1421 Summer Sch - Transp. Fees from Other Districts (In State) 1422 Summer Sch - Transp. Fees from Other Sources (In State) 1423 Summer Sch - Transp. Fees from Other Sources (Out of State) 1424 CTE - Transp Fees from Pupils or Parents (In State) 1431 CTE - Transp Fees from Other Districts (In State) 1432 Printed: 1/15/215 afr-15-form

12 Page 1 STATEMENT OF REVENUES RECEIVED/REVENUES FOR THE YEAR ENDING JUNE 3, 215 Page A B C D E F G H I J K (1) (2) (3) (4) (5) (6) (7) (8) (9) Description Municipal Acct Operations & Fire Prevention Educational Debt Services Transportation Retirement/ Capital Projects Working Cash Tort # Maintenance & Safety Social Security CTE - Transp Fees from Other Sources (In State) 1433 CTE - Transp Fees from Other Sources (Out of State) 1434 Special Ed - Transp Fees from Pupils or Parents (In State) 1441 Special Ed - Transp Fees from Other Districts (In State) 1442 Special Ed - Transp Fees from Other Sources (In State) 1443 Special Ed - Transp Fees from Other Sources (Out of State) 1444 Adult - Transp Fees from Pupils or Parents (In State) 1451 Adult - Transp Fees from Other Districts (In State) 1452 Adult - Transp Fees from Other Sources (In State) 1453 Adult - Transp Fees from Other Sources (Out of State) 1454 Total Transportation Fees 8,952 EARNINGS ON INVESTMENTS Interest on Investments ,777 1,769 6,119 1, ,85 Gain or Loss on Sale of Investments 152 Total Earnings on Investments 15,777 1,769 6,119 1, ,85 FOOD SERVICE Sales to Pupils - Lunch ,239 Sales to Pupils - Breakfast 1612 Sales to Pupils - A la Carte 1613 Sales to Pupils - Other (Describe & Itemize) 1614 Sales to Adults 162 Other Food Service (Describe & Itemize) 169 Total Food Service 28,239 DISTRICT/SCHOOL ACTIVITY INCOME Admissions - Athletic ,585 Admissions - Other (Describe & Itemize) 1719 Fees 172 Book Store Sales 173 Other District/School Activity Revenue (Describe & Itemize) 179 Total District/School Activity Income 14,585 TEXTBOOK INCOME Rentals - Regular Textbooks ,826 Rentals - Summer School Textbooks 1812 Rentals - Adult/Continuing Education Textbooks 1813 Rentals - Other (Describe & Itemize) 1819 Sales - Regular Textbooks 1821 Sales - Summer School Textbooks 1822 Sales - Adult/Continuing Education Textbooks 1823 Sales - Other (Describe & Itemize) 1829 Other (Describe & Itemize) 189 Total Textbook Income 497,826 OTHER REVENUE FROM LOCAL SOURCES Rentals ,32 Contributions and Donations from Private Sources ,963 2,756 5,56 Impact Fees from Municipal or County Governments ,3 Services Provided Other Districts 194 Refund of Prior Years' Expenditures 195 Payments of Surplus Moneys from TIF Districts 196 Drivers' Education Fees 197 Proceeds from Vendors' Contracts 198 School Facility Occupation Tax Proceeds 1983 Printed: 1/15/215 afr-15-form

13 Page 11 STATEMENT OF REVENUES RECEIVED/REVENUES FOR THE YEAR ENDING JUNE 3, 215 Page A B C D E F G H I J K (1) (2) (3) (4) (5) (6) (7) (8) (9) Description Municipal Acct Operations & Fire Prevention Educational Debt Services Transportation Retirement/ Capital Projects Working Cash Tort # Maintenance & Safety Social Security Payment from Other Districts RECEIPTS/REVENUES FROM STATE SOURCES (3) 116 UNRESTRICTED GRANTS-IN-AID General State Aid- Sec General State Aid - Hold Harmless/Supplemental Reorganization Incentives (Accounts ) Other Unrestricted Grants-In-Aid from State Sources ,43 12 (Describe & Itemize) 121 Total Unrestricted Grants-In-Aid 84, Sale of Vocational Projects 1992 Other Local Fees (Describe & Itemize) 1993 Other Local Revenues (Describe & Itemize) ,82 27,128 13,611 Total Other Revenue from Local Sources 95, ,189 18,667 Total Receipts/Revenues from Local Sources 1 15,81,541 2,436,712 5,35,552 1,115, ,757 1,85 FLOW-THROUGH RECEIPTS/REVENUES FROM ONE DISTRICT TO ANOTHER DISTRICT (2) Flow-through Revenue from State Sources 21 Flow-through Revenue from Federal Sources 22 Other Flow-Through (Describe & Itemize) 23 Total Flow-Through Receipts/Revenues from One District to Another 2 District RESTRICTED GRANTS-IN-AID SPECIAL EDUCATION Special Education - Private Facility Tuition 31 88,244 Special Education - Funding for Children Requiring Sp ED Services ,176 Special Education - Personnel ,578 Special Education - Orphanage - Individual 312 Special Education - Orphanage - Summer Individual 313 Special Education - Summer School ,36 Special Education - Other (Describe & Itemize) 3199 Total Special Education 653,358 CAREER AND TECHNICAL EDUCATION (CTE) CTE - Technical Education - Tech Prep 32 CTE - Secondary Program Improvement (CTEI) 322 CTE - WECEP 3225 CTE - Agriculture Education 3235 CTE - Instructor Practicum 324 CTE - Student Organizations 327 CTE - Other (Describe & Itemize) 3299 Total Career and Technical Education BILINGUAL EDUCATION Bilingual Ed - Downstate - TPI and TBE ,844 Bilingual Education Downstate - Transitional Bilingual Education 331 Total Bilingual Ed 27,844 State Free Lunch & Breakfast School Breakfast Initiative 3365 Driver Education 337 Adult Ed (from ICCB) 341 Adult Ed - Other (Describe & Itemize) 3499 Printed: 1/15/215 afr-15-form

14 Page 12 STATEMENT OF REVENUES RECEIVED/REVENUES FOR THE YEAR ENDING JUNE 3, 215 Page TRANSPORTATION A B C D E F G H I J K (1) (2) (3) (4) (5) (6) (7) (8) (9) Description Municipal Acct Operations & Fire Prevention Educational Debt Services Transportation Retirement/ Capital Projects Working Cash Tort # Maintenance & Safety Social Security Transportation - Regular and Vocational 35 Transportation - Special Education ,532 Transportation - Other (Describe & Itemize) 3599 Total Transportation 167,532 Learning Improvement - Change Grants 361 Scientific Literacy 366 Truant Alternative/Optional Education 3695 Early Childhood - Block Grant 375 Reading Improvement Block Grant 3715 Reading Improvement Block Grant - Reading Recovery 372 Continued Reading Improvement Block Grant 3725 Continued Reading Improvement Block Grant (2% Set Aside) 3726 Chicago General Education Block Grant 3766 Chicago Educational Services Block Grant 3767 School Safety & Educational Improvement Block Grant 3775 Technology - Technology for Success 378 State Charter Schools 3815 Extended Learning Opportunities - Summer Bridges 3825 Infrastructure Improvements - Planning/Construction 392 School Infrastructure - Maintenance Projects 3925 Other Restricted Revenue from State Sources (Describe & Itemize) ,71 Total Restricted Grants-In-Aid 683, ,532 Total Receipts from State Sources 3 1,488, , RECEIPTS/REVENUES FROM FEDERAL SOURCES (4) UNRESTRICTED GRANTS-IN-AID RECEIVED DIRECTLY FROM FEDERAL GOVT Federal Impact Aid Other Unrestricted Grants-In-Aid Received Directly from the Fed Govt (Describe & Itemize) Total Unrestricted Grants-In-Aid Received Directly 178 from the Federal Govt 179 RESTRICTED GRANTS-IN-AID RECEIVED DIRECTLY FROM FEDERAL GOVT Head Start Construction (Impact Aid) MAGNET Other Restricted Grants-In-Aid Received Directly from the Federal Govt (Describe & Itemize) Total Restricted Grants-In-Aid Received Directly from Federal Govt 184 RESTRICTED GRANTS-IN-AID RECEIVED FROM FEDERAL GOVT THRU 185 THE STATE TITLE VI Title VI - Innovation and Flexibility Formula Title VI - District Projects Title VI - Rural Education Initiative (REI) Title V - Other (Describe & Itemize) Total Title V FOOD SERVICE Breakfast Start-Up Expansion National School Lunch Program Special Milk Program ,635 Printed: 1/15/215 afr-15-form

15 Page 13 STATEMENT OF REVENUES RECEIVED/REVENUES FOR THE YEAR ENDING JUNE 3, 215 Page A B C D E F G H I J K (1) (2) (3) (4) (5) (6) (7) (8) (9) Description Municipal Acct Operations & Fire Prevention Educational Debt Services Transportation Retirement/ Capital Projects Working Cash Tort # Maintenance & Safety Social Security School Breakfast Program 422 Summer Food Service Program 4225 Child Adult Care Food Program 4226 Fresh Fruits & Vegetables 424 Food Service - Other (Describe & Itemize) 4299 Total Food Service 11,635 TITLE I Title I - Low Income ,89 Title I - Low Income - Neglected, Private 435 Title I - Comprehensive School Reform 4332 Title I - Reading First 4334 Title I - Even Start 4335 Title I - Reading First SEA Funds 4337 Title I - Migrant Education 434 Title I - Other (Describe & Itemize) 4399 Total Title I 181,89 TITLE IV Title IV - Safe & Drug Free Schools - Formula 44 Title IV - 21st Century Comm Learning Centers 4421 Title IV - Other (Describe & Itemize) 4499 Total Title IV FEDERAL - SPECIAL EDUCATION Fed - Spec Education - Preschool Flow-Through 46 14,57 Fed - Spec Education - Preschool Discretionary 465 Fed - Spec Education - IDEA - Flow Through ,691 Fed - Spec Education - IDEA - Room & Board 4625 Fed - Spec Education - IDEA - Discretionary 463 Fed - Spec Education - IDEA - Other (Describe & Itemize) 4699 Total Federal - Special Education 539,748 CTE - PERKINS CTE - Perkins - Title IIIE - Tech Prep 477 CTE - Other (Describe & Itemize) 4799 Total CTE - Perkins Federal - Adult Education 481 ARRA - General State Aid - Education Stabilization 485 ARRA - Title I - Low Income 4851 ARRA - Title I - Neglected, Private 4852 ARRA - Title I - Delinquent, Private 4853 ARRA - Title I - School Improvement (Part A) 4854 ARRA - Title I - School Improvement (Section 13g) 4855 ARRA - IDEA - Part B - Preschool 4856 ARRA - IDEA - Part B - Flow-Through 4857 ARRA - Title IID - Technology-Formula 486 ARRA - Title IID - Technology-Competitive 4861 ARRA - McKinney - Vento Homeless Education 4862 ARRA - Child Nutrition Equipment Assistance 4863 Impact Aid Formula Grants 4864 Impact Aid Competitive Grants 4865 Qualified Zone Academy Bond Tax Credits 4866 Qualified School Construction Bond Credits 4867 Build America Bond Tax Credits 4868 Build America Bond Interest Reimbursement 4869 Printed: 1/15/215 afr-15-form

16 Page 14 STATEMENT OF REVENUES RECEIVED/REVENUES FOR THE YEAR ENDING JUNE 3, 215 Page A B C D E F G H I J K (1) (2) (3) (4) (5) (6) (7) (8) (9) Description Municipal Acct Operations & Fire Prevention Educational Debt Services Transportation Retirement/ Capital Projects Working Cash Tort # Maintenance & Safety Social Security ARRA - General State Aid - Other Govt Services Stabilization 487 Other ARRA Funds - II 4871 Other ARRA Funds - III 4872 Other ARRA Funds - IV 4873 Other ARRA Funds - V 4874 ARRA - Early Childhood 4875 Other ARRA Funds VII 4876 Other ARRA Funds VIII 4877 Other ARRA Funds IX 4878 Other ARRA Funds X 4879 Other ARRA Funds Ed Job Fund Program 488 Total Stimulus Programs Race to the Top Program 491 Race to the Top - Preschool Expansion Grant 492 Advanced Placement Fee/International Baccalaureate 494 Title III - Immigrant Education Program (IEP) 495 Title III - Language Inst Program - Limited Eng (LIPLEP) ,449 Learn & Serve America 491 McKinney Education for Homeless Children 492 Title II - Eisenhower Professional Development Formula 493 Title II - Teacher Quality ,634 Federal Charter Schools 496 Medicaid Matching Funds - Administrative Outreach 4991 Medicaid Matching Funds - Fee-for-Service Program 4992 Other Restricted Revenue from Federal Sources (Describe & Itemize) ,421 Total Restricted Grants-In-Aid Received from the Federal Govt Thru the State 97,777 Total Receipts/Revenues from Federal Sources 4 97,777 Total Direct Receipts/Revenues 18,26,436 2,436,712 5,35,552 1,282, ,757 1,85 Printed: 1/15/215 afr-15-form

17 Page 15 STATEMENT OF EXPENDITURES DISBURSED/EXPENDITURES, BUDGET TO ACTUAL FOR THE YEAR ENDING JUNE 3, 215 Page INSTRUCTION (ED) A B C D E F G H I J K L (1) (2) (3) (4) (5) (6) (7) (8) (9) Description Funct # Salaries Employee Benefits Purchased Services Supplies & Materials Capital Outlay Other Objects Non-Capitalized Equipment Termination Benefits Regular Programs 11 6,325,14 1,911,95 52, ,756 7,355 14,655 61, 8,521,658 8,858,876 Tuition Payment to Charter Schools 1115 Pre-K Programs 1125 Special Education Programs (Functions ) 12 1,583,31 38, ,352 1,464 8,99 1,652,877 1,76,129 Special Education Programs Pre-K 1225 Remedial and Supplemental Programs K Remedial and Supplemental Programs Pre-K 1275 Adult/Continuing Education Programs 13 CTE Programs 14 Interscholastic Programs 15 65,994 1,756 6,375 8,613 9,657 92,395 15,942 Summer School Programs 16 8,63 3,31 11,364 15,141 Gifted Programs 165 Driver's Education Programs 17 Bilingual Programs ,946 28, ,13 287,174 33,629 Truant Alternative & Optional Programs 19 Pre-K Programs - Private Tuition 191 Regular K-12 Programs - Private Tuition 1911 Special Education Programs K-12 - Private Tuition , , ,3 Special Education Programs Pre-K - Tuition 1913 Remedial/Supplemental Programs K-12 - Private Tuition 1914 Remedial/Supplemental Programs Pre-K - Private Tuition 1915 Adult/Continuing Education Programs - Private Tuition 1916 CTE Programs - Private Tuition 1917 Interscholastic Programs - Private Tuition 1918 Summer School Programs - Private Tuition 1919 Gifted Programs - Private Tuition 192 Bilingual Programs - Private Tuition 1921 Truants Alternative/Optional Ed Progms - Private Tuition 1922 Total Instruction 1 1 8,24,318 1,983,17 6,79 17,734 17, ,7 61, 1,811,757 11,217,317 SUPPORT SERVICES (ED) 1 - EDUCATIONAL FUND (ED) SUPPORT SERVICES - PUPILS Attendance & Social Work Services ,847 2, ,38 168,5 Guidance Services ,62 1,384 16,4 1,969 Health Services ,332 27,581 3,758 28,671 37,881 Psychological Services ,732 2,11 34,29 174,132 23,368 Speech Pathology & Audiology Services ,642 2,916 11,79 222, ,925 Other Support Services - Pupils (Describe & Itemize) 219 Total Support Services - Pupils ,173 8,61 73,661 3,758 87,193 1,46,643 SUPPORT SERVICES - INSTRUCTIONAL STAFF Improvement of Instruction Services ,693 16, ,775 82,5 95, ,717 1,576,599 Educational Media Services ,537 1,32 4, , ,912 Assessment & Testing ,294 33,89 4,7 Total Support Services - Instructional Staff 22 48,694 17, ,343 82,934 95, ,578 1,834,211 SUPPORT SERVICES - GENERAL ADMINISTRATION Board of Education Services ,69 2,883 18, ,73 46,95 Executive Administration Services ,852 26,46 2,977 6,896 1,59 11, , ,89 Special Area Administration Services 233 Tort Immunity Services Total Support Services - General Administration ,852 26,46 331,586 9,779 1,59 3,13 666, ,759 Total Budget Printed: 1/15/215 afr-15-form

18 Page 16 STATEMENT OF EXPENDITURES DISBURSED/EXPENDITURES, BUDGET TO ACTUAL FOR THE YEAR ENDING JUNE 3, 215 Page A B C D E F G H I J K L (1) (2) (3) (4) (5) (6) (7) (8) (9) Description SUPPORT SERVICES - SCHOOL ADMINISTRATION Funct # Salaries Employee Benefits Purchased Services Supplies & Materials Capital Outlay Other Objects Non-Capitalized Equipment Termination Benefits Office of the Principal Services ,168 65,217 1,673 3,649 81,77 755,886 Other Support Services - School Admin (Describe & 249 Itemize) Total Support Services - School Administration 24 74,168 65,217 1,673 3,649 81,77 755,886 SUPPORT SERVICES - BUSINESS Direction of Business Support Services , 12,9 19,193 1,656 1,347 1, , , Fiscal Services ,696 21,34 12,73 98,924 Operation & Maintenance of Plant Services 254 Pupil Transportation Services 255 Food Services 256 2, , ,24 324, ,5 Internal Services 257 Total Support Services - Business ,754 34,67 32,997 1,882 2,27 2, ,869 66,424 SUPPORT SERVICES - CENTRAL Direction of Central Support Services 261 Planning, Research, Development, & Evaluation Services 262 Information Services 263 2,5 Staff Services 264 Data Processing Services 266 Total Support Services - Central 26 2,5 Other Support Services (Describe & Itemize) 29 Total Support Services 2 2,52, , ,587 1,26 99,68 36,174 3,836,222 5,34,423 COMMUNITY SERVICES (ED) 3 3, ,751 18,218 5,588 54,98 PAYMENTS TO OTHER DISTRICTS & GOVT UNITS (ED) PAYMENTS TO OTHER GOVT UNITS (IN-STATE) Payments for Regular Programs 411 Payments for Special Education Programs , ,35 687,8 72,21 Payments for Adult/Continuing Education Programs 413 Payments for CTE Programs 414 Payments for Community College Programs 417 Other Payments to In-State Govt. Units (Describe & 419 Itemize) 9,425 9,425 Total Payments to Dist & Other Govt Units (In-State) 41 31,83 395,35 696,433 72,21 Payments for Regular Programs - Tuition 421 Payments for Special Education Programs - Tuition 422 Payments for Adult/Continuing Education Programs - Tuition 423 Payments for CTE Programs - Tuition 424 Payments for Community College Programs - Tuition 427 Payments for Other Programs - Tuition 428 Other Payments to In-State Govt Units 429 Total Payments to Other District & Govt Units -Tuition (In State) 42 Total Budget Payments for Regular Programs - Transfers 431 Payments for Special Education Programs - Transfers Payments for Adult/Continuing Ed Programs - Transfers 433 Printed: 1/15/215 afr-15-form

19 Page 17 STATEMENT OF EXPENDITURES DISBURSED/EXPENDITURES, BUDGET TO ACTUAL FOR THE YEAR ENDING JUNE 3, 215 Page A B C D E F G H I J K L (1) (2) (3) (4) (5) (6) (7) (8) (9) Description Funct # Salaries Employee Benefits Purchased Services Supplies & Materials Capital Outlay Other Objects Non-Capitalized Equipment Termination Benefits Payments for CTE Programs - Transfers 434 Payments for Community College Program - Transfers 437 Payments for Other Programs - Transfers 438 Other Payments to In-State Govt Units - Transfers 439 Total Payments to Other District & Govt Units - 43 Transfers (In-State) Payments to Other Dist & Govt Units (Out-of-State) 44 Total Payments to Other District & Govt Units 4 31,83 395,35 696,433 72,21 DEBT SERVICES (ED) DEBT SERVICES - INTEREST ON SHORT-TERM DEBT Tax Anticipation Warrants 511 Tax Anticipation Notes 512 Corporate Personal Prop. Repl. Tax Anticipation Notes 513 State Aid Anticipation Certificates 514 Other Interest on Short-Term Debt 515 Total Interest on Short-Term Debt 51 Debt Services - Interest on Long-Term Debt 52 84,492 84,492 6,932 Total Debt Services 5 84,492 84,492 6,932 PROVISIONS FOR CONTINGENCIES (ED) 6 1, Total Direct Disbursements/Expenditures 1,745,992 2,135,879 1,335,5 288, , ,716 61, 15,479,492 17,169,862 Excess (Deficiency) of Receipts/Revenues Over Disbursements/Expenditures 2,726, OPERATIONS & MAINTENANCE FUND (O&M) 118 SUPPORT SERVICES (O&M) SUPPORT SERVICES - PUPILS Other Support Services - Pupils (Describe & Itemize) SUPPORT SERVICES - BUSINESS Direction of Business Support Services Facilities Acquisition & Construction Services Operation & Maintenance of Plant Services Pupil Transportation Services Food Services Total Support Services - Business Other Support Services (Describe & Itemize) Total Support Services , , , , , , ,46 427,46 427,46 368, , , , , , ,772,235 1,772,235 1,772,235 31,45 2,23,785 2,23,785 2,261,83 13 COMMUNITY SERVICES (O&M) 3 PAYMENTS TO OTHER DIST & GOVT UNITS (O&M) PAYMENTS TO OTHER GOVT UNITS (IN-STATE) Payments for Special Education Programs 412 Payments for CTE Programs 414 Other Payments to In-State Govt. Units 419 (Describe & Itemize) Total Payments to Other Govt. Units (In-State) 41 Payments to Other Govt. Units (Out of State) 44 Total Payments to Other Dist & Govt Units 4 DEBT SERVICES (O&M) 5 DEBT SERVICES - INTEREST ON SHORT-TERM DEBT Tax Anticipation Warrants 511 Tax Anticipation Notes 512 Total Budget Printed: 1/15/215 afr-15-form

20 Page 18 STATEMENT OF EXPENDITURES DISBURSED/EXPENDITURES, BUDGET TO ACTUAL FOR THE YEAR ENDING JUNE 3, 215 Page 18 1 A B C D E F G H I J K L (1) (2) (3) (4) (5) (6) (7) (8) (9) Funct Description 2 # PROVISIONS FOR CONTINGENCIES (O&M) 6 15 Total Direct Disbursements/Expenditures 151 Excess (Deficiency) of Receipts/Revenues/Over 152 Disbursements/ Expenditures Salaries Employee Benefits Purchased Services Supplies & Materials Capital Outlay Other Objects Non-Capitalized Equipment Termination Benefits 3 - DEBT SERVICES (DS) PAYMENTS TO OTHER DIST & GOVT UNITS (DS) TRANSPORTATION FUND (TR) 172 SUPPORT SERVICES (TR) SUPPORT SERVICES - PUPILS Other Support Services - Pupils (Describe & Itemize) SUPPORT SERVICES - BUSINESS Pupil Transportation Services Other Support Services (Describe & Itemize) Total Support Services ,31 443,31 12,184 12,184 3,64 49,217 52, , ,471 1,839 1,839 53,91 53,91 3,64 1,132,112 1,162,752 34,851 1,136,133 1,17, COMMUNITY SERVICES (TR) 3 1, Corporate Personal Prop. Repl. Tax Anticipation Notes 513 State Aid Anticipation Certificates 514 Other Interest on Short-Term Debt (Describe & Itemize) 515 Total Debt Service - Interest on Short-Term Debt 51 DEBT SERVICE - INTERST ON LONG-TERM DEBT 52 Total Debt Services 5 DEBT SERVICES (DS) 5 DEBT SERVICES - INTEREST ON SHORT-TERM DEBT 617, , ,46 368, , ,772,235 2,261,83 664,477 Tax Anticipation Warrants 511 Tax Anticipation Notes 512 Corporate Personal Prop. Repl. Tax Anticipation Notes 513 State Aid Anticipation Certificates 514 Other Interest on Short-Term Debt (Describe & Itemize) 515 Total Debt Services - Interest On Short-Term Debt 51 DEBT SERVICES - INTEREST ON LONG-TERM DEBT 52 3,72,693 3,72,693 3,743,269 DEBT SERVICES - PAYMENTS OF PRINCIPAL ON LONG- 53 TERM DEBT (Lease/Purchase Principal Retired) 11 1,858,41 1,858,41 1,555,751 DEBT SERVICES - OTHER (Describe & Itemize) 54 5,985 5,985 Total Debt Services 5 5,584,719 5,584,719 5,299,2 PROVISION FOR CONTINGENCIES (DS) 6 Total Disbursements/ Expenditures 5,584,719 5,584,719 5,299,2 Excess (Deficiency) of Receipts/Revenues Over Disbursements/Expenditures PAYMENTS TO OTHER DIST & GOVT UNITS (TR) PAYMENTS TO OTHER GOVT UNITS (IN-STATE) Payments for Regular Programs 411 Payments for Special Education Programs 412 Payments for Adult/Continuing Education Programs 413 Payments for CTE Programs 414 Payments for Community College Programs 417 Other Payments to In-State Govt. Units 419 (Describe & Itemize) Total Payments to Other Govt. Units (In-State) 41 Total (549,167) Budget Printed: 1/15/215 afr-15-form

21 Page 19 STATEMENT OF EXPENDITURES DISBURSED/EXPENDITURES, BUDGET TO ACTUAL FOR THE YEAR ENDING JUNE 3, 215 Page INSTRUCTION (MR/SS) A B C D E F G H I J K L (1) (2) (3) (4) (5) (6) (7) (8) (9) Description Funct # Salaries Employee Benefits Purchased Services Supplies & Materials Capital Outlay Other Objects Non-Capitalized Equipment Termination Benefits PAYMENTS TO OTHER GOVT UNITS (OUT-OF-STATE) 44 Total Payments to Other Dist & Govt Units 4 DEBT SERVICES (TR) DEBT SERVICE - INTEREST ON SHORT-TERM DEBT Tax Anticipation Warrants 511 Tax Anticipation Notes 512 Corporate Personal Prop. Repl. Tax Anticipation Notes 513 State Aid Anticipation Certificates 514 Other Interest on Short-Term Debt (Describe & Itemize) 515 Total Debt Services - Interest On Short-Term Debt 51 DEBT SERVICES - INTEREST ON LONG-TERM DEBT 52 DEBT SERVICE - PAYMENTS OF PRINCIPAL ON LONG- 53 TERM DEBT (Lease/Purchase Principal Retired) 11 DEBT SERVICES - OTHER (Describe & Itemize) 54 Total Debt Services PROVISION FOR CONTINGENCIES (TR) 6 Total Disbursements/ Expenditures 443,31 12,184 52, ,471 1,839 53,91 1,162,752 1,172,484 Excess (Deficiency) of Receipts/Revenues Over Disbursements/Expenditures 12, MUNICIPAL RETIREMENT/SOCIAL SECURITY FUND (MR/SS) Regular Programs , , , Pre-K Programs 1125 Special Education Programs (Functions ) , ,297 Special Education Programs - Pre-K 1225 Remedial and Supplemental Programs - K Remedial and Supplemental Programs - Pre-K 1275 Adult/Continuing Education Programs 13 CTE Programs 14 Interscholastic Programs 15 1,686 1,686 Summer School Programs Gifted Programs 165 Driver's Education Programs 17 Bilingual Programs 18 5,659 5,659 Truants' Alternative & Optional Programs 19 Total Instruction 1 238,87 238,87 625, SUPPORT SERVICES (MR/SS) 2 SUPPORT SERVICES - PUPILS Attendance & Social Work Services 211 2,412 2,412 Guidance Services 212 2,83 2,83 Health Services ,18 34,18 Psychological Services 214 1,556 1,556 Speech Pathology & Audiology Services 215 2,91 2,91 Other Support Services - Pupils (Describe & Itemize) 219 Total Support Services - Pupils 21 43,6 43,6 SUPPORT SERVICES - INSTRUCTIONAL STAFF Improvement of Instruction Services ,696 37,696 Educational Media Services ,242 13,242 Assessment & Testing Total Support Services - Instructional Staff 22 5,949 5,949 Total Budget Printed: 1/15/215 afr-15-form

22 Page 2 STATEMENT OF EXPENDITURES DISBURSED/EXPENDITURES, BUDGET TO ACTUAL FOR THE YEAR ENDING JUNE 3, 215 Page A B C D E F G H I J K L (1) (2) (3) (4) (5) (6) (7) (8) (9) Description SUPPORT SERVICES - GENERAL ADMINISTRATION Funct # Salaries Employee Benefits Purchased Services Supplies & Materials Capital Outlay Other Objects Non-Capitalized Equipment Termination Benefits Board of Education Services 231 Executive Administration Services ,34 13,34 Service Area Administrative Services 233 Claims Paid from Self Insurance Fund 2361 Workers' Compensation or Workers' Occupation Disease 2362 Acts Payments Unemployment Insurance Payments 2363 Insurance Payments (Regular or Self-Insurance) 2364 Risk Management and Claims Services Payments 2365 Judgment and Settlements 2366 Educational, Inspectional, Supervisory Services Related to 2367 Loss Prevention or Reduction Reciprocal Insurance Payments 2368 Legal Services 2369 Total Support Services - General Administration 23 13,34 13,34 SUPPORT SERVICES - SCHOOL ADMINISTRATION Office of the Principal Services ,286 43,286 Other Support Services - School Administration 249 (Describe & Itemize) Total Support Services - School Administration 24 43,286 43,286 SUPPORT SERVICES - BUSINESS Direction of Business Support Services 251 1,597 1,597 Fiscal Services ,848 18,848 Facilities Acquisition & Construction Services 253 Operation & Maintenance of Plant Services , ,813 Pupil Transportation Services ,366 83,366 Food Services Internal Services 257 Total Support Services - Business ,76 218,76 SUPPORT SERVICES - CENTRAL Direction of Central Support Services 261 Planning, Research, Development, & Evaluation Services 262 Information Services 263 Staff Services 264 Data Processing Services 266 Total Support Services - Central 26 Other Support Services (Describe & Itemize) 29 Total Support Services 2 369,35 369,35 COMMUNITY SERVICES (MR/SS) PAYMENTS TO OTHER DIST & GOVT UNITS (MR/SS) Payments for Special Education Programs 412 Payments for CTE Programs 414 Total Payments to Other Dist & Govt Units 4 DEBT SERVICES (MR/SS) DEBT SERVICE - INTEREST ON SHORT-TERM DEBT Tax Anticipation Warrants 511 Tax Anticipation Notes 512 Corporate Personal Prop. Repl. Tax Anticipation Notes 513 Total Budget Printed: 1/15/215 afr-15-form

23 Page 21 STATEMENT OF EXPENDITURES DISBURSED/EXPENDITURES, BUDGET TO ACTUAL FOR THE YEAR ENDING JUNE 3, 215 Page 21 1 A B C D E F G H I J K L (1) (2) (3) (4) (5) (6) (7) (8) (9) Funct Employee Purchased Supplies & Description Salaries Capital Outlay Other Objects Non-Capitalized Termination 2 # Benefits Services Materials Equipment Benefits Total Budget 284 State Aid Anticipation Certificates Other (Describe & Itemize) Total Debt Services - Interest PROVISION FOR CONTINGENCIES (MR/SS) Total Disbursements/Expenditures 67,149 67, , Excess (Deficiency) of Receipts/Revenues Over Disbursements/Expenditures 8,68 SUPPORT SERVICES (CP) 6 - CAPITAL PROJECTS (CP) SUPPORT SERVICES - BUSINESS Facilities Acquisition and Construction Services ,24 414,24 135, Other Support Services (Describe & Itemize) 29 Total Support Services 2 414,24 414,24 135, PAYMENTS TO OTHER DIST & GOVT UNITS (CP) PAYMENTS TO OTHER GOVT UNITS (In-State) Payments to Other Govt Units (In-State) 41 Payments for Special Education Programs 412 Payments for CTE Programs 414 Other Payments to In-State Govt. Units (Describe & 419 Itemize) Total Payments to Other Dist & Govt Units 4 PROVISION FOR CONTINGENCIES (S&C/CI) 6 Total Disbursements/ Expenditures 414,24 414,24 135, Excess (Deficiency) of Receipts/Revenues Over Disbursements/Expenditures 7 - WORKING CASH (WC) 8 - TORT FUND (TF) SUPPORT SERVICES - GENERAL ADMINISTRATION Claims Paid from Self Insurance Fund 2361 Workers' Compensation or Workers' Occupation Disease 2362 Acts Payments Unemployment Insurance Payments 2363 Insurance Payments (Regular or Self-Insurance) 2364 Risk Management and Claims Services Payments 2365 Judgment and Settlements 2366 Educational, Inspectional, Supervisory Services Related to 2367 Loss Prevention or Reduction Reciprocal Insurance Payments 2368 Legal Services 2369 Property Insurance (Buildings & Grounds) 2371 Vehicle Insurance (Transporation) 2372 Total Support Services - General Administration 2 DEBT SERVICES (TF) 5 DEBT SERVICES - INTEREST ON SHORT-TERM DEBT Tax Anticipation Warrants 511 Corporate Personal Prop. Repl. Tax Anticipation Notes 513 (413,155) Printed: 1/15/215 afr-15-form

24 Page 22 STATEMENT OF EXPENDITURES DISBURSED/EXPENDITURES, BUDGET TO ACTUAL FOR THE YEAR ENDING JUNE 3, 215 Page A B C D E F G H I J K L (1) (2) (3) (4) (5) (6) (7) (8) (9) Description Funct # Salaries Employee Benefits Purchased Services Supplies & Materials Capital Outlay Other Objects Non-Capitalized Equipment Termination Benefits Total Debt Services - Interest on Short-Term Debt PROVISIONS FOR CONTINGENCIES (TF) Total Disbursements/Expenditures 332 Excess (Deficiency) of Receipts/Revenues Over 333 Disbursements/Expenditures FIRE PREVENTION & SAFETY FUND (FP&S) 335 SUPPORT SERVICES (FP&S) SUPPORT SERVICES - BUSINESS Facilities Acquisition & Construction Services Operation & Maintenance of Plant Services Total Support Services - Business Other Support Services (Describe & Itemize) Total Support Services Other Interest or Short-Term Debt PAYMENTS TO OTHER DIST & GOVT UNITS (FP&S) Other Payments to In-State Govt. Units (Describe & Itemize) Total Payments to Other Dist & Govt Units 4 DEBT SERVICES (FP&S) DEBT SERVICES- INTEREST ON SHORT-TERM DEBT Tax Anticipation Warrants 511 Other Interest on Short-Term Debt (Describe & Itemize) 515 Total Debt Service - Interest on Short-Term Debt 51 DEBT SERVICES - INTEREST ON LONG-TERM DEBT 52 Debt Service - Payments of Principal on Long-Term Debt (Lease/Purchase Principal Retired) Total Debt Service 5 PROVISION FOR CONTINGENCIES (FP&S) 6 Total Disbursements/Expenditures Excess (Deficiency) of Receipts/Revenues Over Disbursements/Expenditures Total Budget Printed: 1/15/215 afr-15-form

25 Page 23 Page 23 FEDERAL STIMULUS - AMERICAN RECOVERY AND REINVESTMENT ACT (ARRA) of 29 (Detailed Schedule of Receipts and Disbursements) 1 2 A B C D E F G H I J K L ----RECEIPTS DISBURSEMENTS District's Accounting Basis is ACCRUAL (1) (2) (3) (4) (5) (6) (7) (8) (9) Beginning Balance July 1, 214 ARRA Revenue Source Code Acct # ARRA Receipts Salaries Employee Benefits Purchased Services Supplies & Materials Capital Outlay Other Non-Capitalized Equipment Termination Benefits Total Expenditures ARRA - General State Aid 485 ARRA - Title I Low Income 4851 ARRA - Title I Neglected - Private 4852 ARRA - Title I Delinquent - Private 4853 ARRA - Title I School Improvement (Part A) 4854 ARRA - Title I School Improvement (Section 13g) 4855 ARRA - IDEA Part B Preschool 4856 ARRA - IDEA Part B Flow Through 4857 ARRA - Title II D Technology Formula 486 ARRA - Title II D Technology Competitive 4861 ARRA - McKenney - Vento Homeless Education 4862 ARRA - Child Nutrition Equipment Assistance 4863 Impact Aid Construction Formula 4864 Impact Aid Construction Competitive 4865 QZAB Tax Credits 4866 QSCB Tax Credits 4867 Build America Bonds Tax Credits 4868 Build America Bonds Interest Reimbursement 4869 ARRA - General State Aid - Other Govt Services Stabilization 487 ARRA - Other II 4871 ARRA - Other III 4872 ARRA - Other IV 4873 ARRA - Other V 4874 ARRA - Early Childhood 4875 ARRA - Other VII 4876 ARRA - Other VIII 4877 ARRA - Other IX 4878 ARRA - Other X 4879 ARRA - Other XI 488 Total ARRA Programs Ending Balance June 3, Were any funds from the State Fiscal Stabilization Fund Program (SFSF) General State-Aid Accounts 485, line 5 & 487, line 23 used for the following non-allowable purposes: Payments of maintenance costs; Stadiums or other facilities used for athletic contests, exhibitions or other events for which admission is charged to the general public; Purchase or upgrade of vehicles; Improvements of stand-alone facilities whose purpose is not the education of children such as central office administrative buildings; Financial assistance to students to attend private elementary or secondary schools unless the funds are used to provide special education and related services to children with disabilities as authorized by the IDEA Act; School modernization, renovation, or repair that is inconsistent with State Law. 2. If any above boxes are checked provide the total amount of questioned costs and provide an explanation below: afr-15-form, 1/15/215

26 Page 24 Page 24 A B C D E F SCHEDULE OF AD VALOREM TAX RECEIPTS Description Taxes Received Thru (from 213 Levy & Prior Levies) * Taxes Received (from the 214 Levy) Taxes Received (from 213 & Prior Levies) Total Estimated Taxes (from the 214 Levy) Estimated Taxes Due (from the 214 Levy) (Column B - C) (Column E - C) Educational 14,377,391 7,476,784 6,9,67 14,677,934 7,21,15 Operations & Maintenance 2,142,955 1,13,284 1,39,671 2,166,731 1,63,447 Debt Services ** 5,85,835 2,716,69 2,369,766 5,333,99 2,617,921 Transportation 1,98, , ,87 1,132,62 555,899 Municipal Retirement 31,93 163,75 147,828 32, ,193 Capital Improvements Working Cash Tort Immunity Fire Prevention & Safety Leasing Levy Special Education 244,3 125, , ,42 12,757 Area Vocational Construction Social Security/Medicare Only 31,93 163,75 147,828 32, ,193 Summer School Other (Describe & Itemize) Totals 23,57,518 12,324,293 11,246,225 24,197,853 11,873,56 * The formulas in column B are unprotected to be overidden when reporting on a ACCRUAL basis. ** All tax receipts for debt service payments on bonds must be recorded on line 6 (Debt Services). Printed: 1/15/215 afr-15-form

27 Page 25 Page 25 A B C D E F G H I J SCHEDULE OF LONG-TERM DEBT SCHEDULE OF SHORT-TERM DEBT Outstanding Beginning 7/1/14 Issued 7/1/14 Through 6/3/15 Retired 7/1/14 Through 6/3/15 Outstanding Ending 6/3/15 Educational Fund Operations & Maintenance Fund Debt Services - Construction Debt Services - Working Cash Debt Services - Refunding Bonds Transportation Fund Municipal Retirement/Social Security Fund Fire Prevention & Safety Fund Other - (Describe & Itemize) Total TAWs TAX ANTICIPATION NOTES (TAN) OTHER SHORT-TERM BORROWING Description CORPORATE PERSONAL PROPERTY REPLACEMENT TAX ANTICIPATION NOTES (CPPRT) Total CPPRT Notes TAX ANTICIPATION WARRANTS (TAW) Educational Fund Operations & Maintenance Fund Fire Prevention & Safety Fund Other - (Describe & Itemize) Total TANs TEACHERS'/EMPLOYEES' ORDERS (T/EO) Total T/EOs (Educational, Operations & Maintenance, & Transportation Funds) GENERAL STATE-AID ANTICIPATION CERTIFICATES (GSAAC) Total GSAACs (All Funds) Total Other Short-Term Borrowing (Describe & Itemize) Identification or Name of Issue Date of Issue (mm/dd/yy) Amount of Original Issue Type of Issue * Outstanding 7/1/14 Issued 7/1/14 thru 6/3/15 Any differences described and itemized Retired 7/1/14 thru 6/3/15 Outstanding 6/3/15 Amount to be Provided for Payment on Long- Term Debt Series 21 D Capital Appreciation Bonds 2/15/1 6,914,76 2 6,487,323 6,487,323 3,675,659 Series 22 Capital Appreication Bonds 1/6/2 4,336, ,336,389 4,336,389 3,16,136 Series 21 A Limited Capital Appreciation Bonds 2/1/1 1,625, 2 645, 645, Series 21 B Limited Capital Appreciation Bonds 2/15/1 1,68, ,36 47, , ,687 Series 1995 School Building Bonds 12/27/95 16,357, ,729,49 854,9 875, ,481 Illinois State BOE 2/28/14 366, ,311 12,35 185,6 185,6 First Merit Equpiment Loan 6/3/14 714, , , ,3 318,3 Providence Capital Loan 6/25/14 153, ,251 37,269 76,982 76,982 31,536,824 14,381,939 1,858,41 12,523,898 8,391,981 * Each type of debt issued must be identified separately with the amount: 1. Working Cash Fund Bonds 4. Fire Prevent, Safety, Environmental and Energy Bonds 7. Other Illinois State BOE 2. Funding Bonds 5. Tort Judgment Bonds 8. Other 3. Refunding Bonds 6. Building Bonds 9. Other First Merit Equipment Loan Providence Capital Loan Printed: 1/15/215, afr-15-form

28 Page 26 Schedule of Restricted Local Tax Levies and Selected Revenues Sources Schedule of Tort Immunity Expenditures Page 26 A B C D E F G H I J K SCHEDULE OF RESTRICTED LOCAL TAX LEVIES AND SELECTED REVENUE SOURCES Earnings on Investments 1, 2, 4, 5 or 6-15 Drivers' Education Fees School Facility Occupation Tax Proceeds 3 or Account No Tort Immunity a Special Education 1, 2, 4 or ,3 Area Vocational Construction School Facility Occupation Taxes b Driver Education Driver Education Other Receipts (Describe & Itemize on tab "Itemization 32") Sale of Bonds 1 or , 2, 4 or 6-72 Total Receipts 244,3 DEBT SERVICE Debt Services - Interest on Long-Term Debt 1 or ,3 2 or , 2, Total Debt Services -- Total Disbursements 244,3 Ending Cash Basis Fund Balance as of June 3, 215 Reserved Fund Balance 714 Unreserved Fund Balance 73 SCHEDULE OF TORT IMMUNITY EXPENDITURES a Yes No Has the entity established an insurance reserve pursuant to 745 ILCS 1/9-13? If yes, list in the aggregate the following: Total Claims Payments: Total Reserve Remaining: Using the following categories, list all other Tort Immunity expenditures not included in line 3 above. Include the total dollar amount for each category. Expenditures: Workers' Compensation Act and/or Workers' Occupational Disease Act Unemployment Insurance Act Insurance (Regular or Self-Insurance) Risk Management and Claims Service Judgments/Settlements Reciprocal Insurance Payments (Insurance Code 72, 76, and 81) Legal Services Description Cash Basis Fund Balance as of July 1, 214 RECEIPTS: Ad Valorem Taxes Received by District DISBURSEMENTS: Instruction Facilities Acquisition & Construction Services Tort Immunity Services Debt Services - Payments of Principal on Long-Term Debt (Lease/Purchase Principal Retired) Debt Services Other (Describe & Itemize on tab "Itemization 32") Other Disbursements (Describe & Itemize on tab "Itemization 32") Educational, Inspectional, Supervisory Services Related to Loss Prevention and/or Reduction Principal and Interest on Tort Bonds a b Schedules for Tort Immunity are to be completed only if expenditures have been reported in any fund other than the Tort Immunity Fund (8) during the fiscal year as a result of existing (restricted) fund balances in those other funds that are being spent down. Cell G6 above should include interest earnings only from these restricted tort immunity monies and only if reported in a fund other than Tort Immunity Fund (8). 55 ILCS 5/ Printed: 1/15/215, afr-15-form

29 Page 27 Page A B C D E F G H I J K L Schedule of Capital Outlay and Depreciation Description of Assets Acct # Cost Add: Additions Less: Deletions Cost Life In Years Accumulated Depreciation Add: Depreciation Allowable Less: Depreciation Deletions Accumulated Depreciation Balance Undepreciated Works of Art & Historical Treasures 21 Land 22 Non-Depreciable Land 221 1,57,28 1,57,28 1,57,28 Depreciable Land Buildings 23 Permanent Buildings ,499,119 97,41 38,596, ,414, ,723 17,194,452 21,42,77 Temporary Buildings Improvements Other than Buildings (Infrastructure) 24 Capitalized Equipment 25 35, ,22 163, ,158 4,987 36, ,694 1 Yr Schedule Yr Schedule 252 8,29, ,792 8,521, ,532, ,746 6,981,515 1,539,861 3 Yr Schedule Construction in Progress Total Capital Assets 2 48,71,62 717,44 48,789,24 22,978,656 1,233,456 24,212,112 24,576,912 Non-Capitalized Equipment 7 1 Allowable Depreciation 1,233,456 Printed: 1/15/215 afr-15-form

30 Page 28 Page A B C D E F G ESTIMATED OPERATING EXPENSE PER PUPIL (OEPP)/PER CAPITA TUITION CHARGE (PCTC) COMPUTATIONS (214-15) This schedule is completed for school districts only. Fund Sheet, Row ACCOUNT NO - TITLE Amount OPERATING EXPENSE PER PUPIL EXPENDITURES: ED Expenditures 15-22, L114 Total Expenditures $ 15,479,492 O&M Expenditures 15-22, L15 Total Expenditures 1,772,235 DS Expenditures 15-22, L168 Total Expenditures 5,584,719 TR Expenditures 15-22, L24 Total Expenditures 1,162,752 MR/SS Expenditures 15-22, L288 Total Expenditures 67,149 TORT Expenditures 15-22, L331 Total Expenditures Total Expenditures $ 24,66,347 LESS RECEIPTS/REVENUES OR DISBURSEMENTS/EXPENDITURES NOT APPLICABLE TO THE REGULAR K-12 PROGRAM: TR Revenues 9-14, L43, Col F 1412 Regular - Transp Fees from Other Districts (In State) $ 66 TR Revenues 9-14, L47, Col F 1421 Summer Sch - Transp. Fees from Pupils or Parents (In State) TR Revenues 9-14, L48, Col F 1422 Summer Sch - Transp. Fees from Other Districts (In State) TR Revenues 9-14, L49, Col F 1423 Summer Sch - Transp. Fees from Other Sources (In State) TR Revenues 9-14, L5 Col F 1424 Summer Sch - Transp. Fees from Other Sources (Out of State) TR Revenues 9-14, L52, Col F 1432 CTE - Transp Fees from Other Districts (In State) TR Revenues 9-14, L56, Col F 1442 Special Ed - Transp Fees from Other Districts (In State) TR Revenues 9-14, L59, Col F 1451 Adult - Transp Fees from Pupils or Parents (In State) TR Revenues 9-14, L6, Col F 1452 Adult - Transp Fees from Other Districts (In State) TR Revenues 9-14, L61, Col F 1453 Adult - Transp Fees from Other Sources (In State) TR Revenues 9-14, L62, Col F 1454 Adult - Transp Fees from Other Sources (Out of State) O&M Revenues 9-14, L148, Col D 341 Adult Ed (from ICCB) O&M-TR Revenues 9-14, L149, Col D & F 3499 Adult Ed - Other (Describe & Itemize) O&M-TR Revenues 9-14, L218, Col D,F 46 Fed - Spec Education - Preschool Flow-Through O&M-TR Revenues 9-14, L219, Col D,F 465 Fed - Spec Education - Preschool Discretionary O&M Revenues 9-14, L229, Col D 481 Federal - Adult Education ED Expenditures 15-22, L7, Col K - (G+I) 1125 Pre-K Programs ED Expenditures 15-22, L9, Col K - (G+I) 1225 Special Education Programs Pre-K ED Expenditures 15-22, L11, Col K - (G+I) 1275 Remedial and Supplemental Programs Pre-K ED Expenditures 15-22, L12, Col K - (G+I) 13 Adult/Continuing Education Programs ED Expenditures 15-22, L15, Col K - (G+I) 16 Summer School Programs 11,364 ED Expenditures 15-22, L2, Col K 191 Pre-K Programs - Private Tuition ED Expenditures 15-22, L21, Col K 1911 Regular K-12 Programs - Private Tuition ED Expenditures 15-22, L22, Col K 1912 Special Education Programs K-12 - Private Tuition 246,289 ED Expenditures 15-22, L23, Col K 1913 Special Education Programs Pre-K - Tuition ED Expenditures 15-22, L24, Col K 1914 Remedial/Supplemental Programs K-12 - Private Tuition ED Expenditures 15-22, L25, Col K 1915 Remedial/Supplemental Programs Pre-K - Private Tuition ED Expenditures 15-22, L26, Col K 1916 Adult/Continuing Education Programs - Private Tuition ED Expenditures 15-22, L27, Col K 1917 CTE Programs - Private Tuition ED Expenditures 15-22, L28, Col K 1918 Interscholastic Programs - Private Tuition ED Expenditures 15-22, L29, Col K 1919 Summer School Programs - Private Tuition ED Expenditures 15-22, L3, Col K 192 Gifted Programs - Private Tuition ED Expenditures 15-22, L31, Col K 1921 Bilingual Programs - Private Tuition ED Expenditures 15-22, L32, Col K 1922 Truants Alternative/Optional Ed Progms - Private Tuition ED Expenditures 15-22, L75, Col K - (G+I) 3 Community Services 5,588 ED Expenditures 15-22, L12, Col K 4 Total Payments to Other District & Govt Units 696,433 ED Expenditures 15-22, L114, Col G - Capital Outlay 117,427 ED Expenditures 15-22, L114, Col I - Non-Capitalized Equipment O&M Expenditures 15-22, L13, Col K - (G+I) 3 Community Services O&M Expenditures 15-22, L138, Col K 4 Total Payments to Other Dist & Govt Units O&M Expenditures 15-22, L15, Col G - Capital Outlay 183,898 O&M Expenditures 15-22, L15, Col I - Non-Capitalized Equipment DS Expenditures 15-22, L154, Col K 4 Payments to Other Dist & Govt Units DS Expenditures 15-22, L164, Col K 53 Debt Service - Payments of Principal on Long-Term Debt 1,858,41 TR Expenditures 15-22, L179, Col K - (G+I) 3 Community Services TR Expenditures 15-22, L19, Col K 4 Total Payments to Other Dist & Govt Units TR Expenditures 15-22, L2, Col K 53 Debt Service - Payments of Principal on Long-Term Debt TR Expenditures 15-22, L24, Col G - Capital Outlay 1,839 TR Expenditures 15-22, L24, Col I - Non-Capitalized Equipment MR/SS Expenditures 15-22, L21, Col K 1125 Pre-K Programs MR/SS Expenditures 15-22, L212, Col K 1225 Special Education Programs - Pre-K MR/SS Expenditures 15-22, L214, Col K 1275 Remedial and Supplemental Programs - Pre-K MR/SS Expenditures 15-22, L215, Col K 13 Adult/Continuing Education Programs MR/SS Expenditures 15-22, L218, Col K 16 Summer School Programs 117 MR/SS Expenditures 15-22, L274, Col K 3 Community Services 27 MR/SS Expenditures 15-22, L278, Col K 4 Total Payments to Other Dist & Govt Units Total Deductions for OEPP Computation (Sum of Lines 18-73) $ 3,166,629 Total Operating Expenses Regular K-12 (Line 14 minus Line 75) 21,439,718 9 Mo ADA from the General State Aid Claimable for and Payable in (ISBE 54-33), L12 1, Estimated OEPP (Line 76 / Line 77) $ 1,83.1 Printed: 1/15/215 afr-15-form

31 Page 29 Page A B C D E F G ESTIMATED OPERATING EXPENSE PER PUPIL (OEPP)/PER CAPITA TUITION CHARGE (PCTC) COMPUTATIONS (214-15) This schedule is completed for school districts only. Fund Sheet, Row ACCOUNT NO - TITLE Amount PER CAPITA TUITION CHARGE LESS OFFSETTING RECEIPTS/REVENUES: TR Revenues 9-14, L42, Col F 1411 Regular -Transp Fees from Pupils or Parents (In State) $ 8,346 TR Revenues 9-14, L44, Col F 1413 Regular - Transp Fees from Other Sources (In State) TR Revenues 9-14, L45, Col F 1415 Regular - Transp Fees from Co-curricular Activities (In State) TR Revenues 9-14, L46, Col F 1416 Regular Transp Fees from Other Sources (Out of State) TR Revenues 9-14, L51, Col F 1431 CTE - Transp Fees from Pupils or Parents (In State) TR Revenues 9-14, L53, Col F 1433 CTE - Transp Fees from Other Sources (In State) TR Revenues 9-14, L54, Col F 1434 CTE - Transp Fees from Other Sources (Out of State) TR Revenues 9-14, L55, Col F 1441 Special Ed - Transp Fees from Pupils or Parents (In State) TR Revenues 9-14, L57, Col F 1443 Special Ed - Transp Fees from Other Sources (In State) TR Revenues 9-14, L58, Col F 1444 Special Ed - Transp Fees from Other Sources (Out of State) ED Revenues 9-14, L75, Col C 16 Total Food Service 28,239 ED-O&M Revenues 9-14, L82, Col C,D 17 Total District/School Activity Income 14,585 ED Revenues 9-14, L84, Col C 1811 Rentals - Regular Textbooks 497,826 ED Revenues 9-14, L87, Col C 1819 Rentals - Other (Describe & Itemize) ED Revenues 9-14, L88, Col C 1821 Sales - Regular Textbooks ED Revenues 9-14, L91, Col C 1829 Sales - Other (Describe & Itemize) ED Revenues 9-14, L92, Col C 189 Other (Describe & Itemize) ED-O&M Revenues 9-14, L95, Col C,D 191 Rentals 129,32 11 ED-O&M-TR 12 ED-O&M-DS-TR-MR/SS 13 ED 14 ED-O&M-TR 15 ED-O&M-MR/SS 16 ED-MR/SS 17 ED 18 ED-O&M-MR/SS 19 ED-O&M 11 ED-O&M-TR-MR/SS 111 ED 112 ED-O&M-TR-MR/SS 113 ED-TR-MR/SS 114 ED-TR-MR/SS 115 ED-TR-MR/SS 116 ED-TR-MR/SS 117 ED-TR-MR/SS 118 ED-O&M-TR-MR/SS 119 ED-O&M-TR-MR/SS 12 ED-O&M-DS-TR-MR/SS 121 ED-O&M-DS-TR-MR/SS 122 ED-TR 123 O&M 124 ED-O&M-DS-TR-MR/SS-Tort 125 ED 126 ED-O&M-TR-MR/SS 127 ED-O&M-TR-MR/SS 128 ED-MR/SS 129 ED-O&M-TR-MR/SS 13 ED-O&M-TR-MR/SS 131 ED-O&M-TR-MR/SS 132 ED-O&M-TR-MR/SS 133 ED-O&M-TR-MR/SS 134 ED-O&M-TR-MR/SS 135 ED-O&M-MR/SS 16 ED-O&M-DS-TR-MR/SS-Tort 161 ED 162 ED-O&M-DS-TR-MR/SS-Tort 163 ED,O&M,MR/SS 164 ED-TR-MR/SS 165 ED-TR-MR/SS 166 ED-TR-MR/SS 167 ED-O&M-TR-MR/SS 168 ED-O&M-TR-MR/SS 169 ED-O&M-TR-MR/SS 17 ED-O&M-TR-MR/SS 171 ED-O&M-TR-MR/SS 172 ED-O&M-TR-MR/SS 173 ED-O&M-TR-MR/SS 174 Revenues 9-14, L98, Col C,D,F Revenues 9-14, L14, Col C,D,E,F,G Revenues 9-14, L16, Col C Revenues 9-14, L131, Col C,D,F Revenues 9-14, L14, Col C,D,G Revenues 9-14, L144, Col C,G Revenues 9-14, L145, Col C Revenues 9-14, L146, Col C,D,G Revenues 9-14, L147,Col C,D Revenues 9-14, L154, Col C,D,F,G Revenues 9-14, L155, Col C Revenues 9-14, L156, Col C,D,F,G Revenues 9-14, L157, Col C,F,G Revenues 9-14, L159, Col C,F,G Revenues 9-14, L16, Col C,F,G Revenues 9-14, L161, Col C,F,G Revenues 9-14, L162, Col C,F,G Revenues 9-14, L163, Col C,D,F,G Revenues 9-14, L164, Col C,D,F,G Revenues 9-14, L165, Col C,D,E,F,G Revenues 9-14, L166, Col C,D,E,F,G Revenues 9-14, L167, Col C,F Revenues 9-14, L17, Col D Revenues 9-14, L171, Col C-G,J Revenues 9-14, L18, Col C Revenues 9-14, L184, Col C,D,F,G Revenues 9-14, L191, Col C,D,F,G Revenues 9-14, L21, Col C,G Revenues 9-14, L211, Col C,D,F,G Revenues 9-14, L216, Col C,D,F,G Revenues 9-14, L22, Col C,D,F,G Revenues 9-14, L221, Col C,D,F,G Revenues 9-14, L222, Col C,D,F,G Revenues 9-14, L223, Col C,D,F,G Revenues 9-14, L228, Col C,D,G Revenue Adjustments (C231 thru J258) Revenues 9-14, L26, Col C Revenues 9-14, L261, Col C-G,J Revenues 9-14, L262, Col C,D,G Revenues 9-14, L263, Col C,F,G Revenues 9-14, L264, Col C,F,G Revenues 9-14, L265, Col C,F,G Revenues 9-14, L266, Col C,D,F,G Revenues 9-14, L267, Col C,D,F,G Revenues 9-14, L268, Col C,D,F,G Revenues 9-14, L269, Col C,D,F,G Revenues 9-14, L27, Col C,D,F,G Revenues 9-14, L271, Col C,D,F,G Revenues 9-14, L272, Col C,D,F,G Services Provided Other Districts Payment from Other Districts Other Local Fees (Describe & Itemize) Total Special Education Total Career and Technical Education Total Bilingual Ed State Free Lunch & Breakfast School Breakfast Initiative Driver Education Total Transportation Learning Improvement - Change Grants Scientific Literacy Truant Alternative/Optional Education Reading Improvement Block Grant Reading Improvement Block Grant - Reading Recovery Continued Reading Improvement Block Grant Continued Reading Improvement Block Grant (2% Set Aside) Chicago General Education Block Grant Chicago Educational Services Block Grant School Safety & Educational Improvement Block Grant Technology - Technology for Success State Charter Schools School Infrastructure - Maintenance Projects Other Restricted Revenue from State Sources Head Start (Subtract) Total Restricted Grants-In-Aid Received Directly from Federal Govt Total Title V Total Food Service Total Title I Total Title IV Fed - Spec Education - IDEA - Flow Through Fed - Spec Education - IDEA - Room & Board Fed - Spec Education - IDEA - Discretionary Fed - Spec Education - IDEA - Other (Describe & Itemize) Total CTE - Perkins Total ARRA Program Adjustments Race to the Top Race to the Top-Preschool Expansion Grant Advanced Placement Fee/International Baccalaureate Title III - Immigrant Education Program (IEP) Title III - Language Inst Program - Limited Eng (LIPLEP) Learn & Serve America McKinney Education for Homeless Children Title II - Eisenhower Professional Development Formula Title II - Teacher Quality Federal Charter Schools Medicaid Matching Funds - Administrative Outreach Medicaid Matching Funds - Fee-for-Service Program Other Restricted Revenue from Federal Sources (Describe & Itemize) 653,358 27, ,532 1,71 11, ,89 525,691 17,449 5,634 7, Total Deductions for PCTC Computation (Sum of Lines ) Total PCTC Expenditures (Line 76 minus Line 175) Total Depreciation Allowance (from page 27, Col I) Total Net Expenditures for PCTC Computation Line 176 plus Line 177) 9 Mo ADA (from Line 77) Total Estimated PCTC (Line 178 / Line 179) * $ $ 2,765,238 18,674,48 1,233,456 19,97,936 1, , * The total OEPP/PCTC may change based on the data provided. The final amounts will be calculated by ISBE Printed: 1/15/215 afr-15-form

32 Page 3 ESTIMATED INDIRECT COST DATA Page A B C D E F G H ESTIMATED INDIRECT COST RATE DATA SECTION I Financial Data To Assist Indirect Cost Rate Determination (Source document for the computation of the Indirect Cost Rate is found in the "Expenditures 15-22" tab.) ALL OBJECTS EXCLUDE CAPITAL OUTLAY. With the exception of line 11, enter the disbursements/expenditures included within the following functions charged directly to and reimbursed from federal grant programs. Also, include all amounts paid to or for other employees within each function that work with specific federal grant programs in the same capacity as those charged to and reimbursed from the same federal grant programs. For example, if a district received funding for a Title I clerk, all other salaries for Title I clerks performing like duties in that function must be included. Include any benefits and/or purchased services paid on or to persons whose salaries are classified as direct costs in the function listed. Support Services - Direct Costs (1-2) and (5-2) Direction of Business Support Services (1-251) and (5-251) Fiscal Services (1-252) and (5-252) Operation and Maintenance of Plant Services (1, 2, and 5-254) Food Services (1-256) Must be less than (P16, Col E-F, L62) 11,635 Value of Commodities Received for Fiscal Year 215 (Include the value of commodities when determining if an A-133 is required). 31,197 Internal Services (1-257) and (5-257) Staff Services (1-264) and (5-264) Data Processing Services (1-266) and (5-266) SECTION II Estimated Indirect Cost Rate for Federal Programs Restricted Program Unrestricted Program Function Indirect Costs Direct Costs Indirect Costs Direct Costs Instruction 1 11,32,25 11,32,25 Support Services: Pupil , ,893 Instructional Staff , ,635 General Admin ,4 678,4 School Admin , ,993 Business: Direction of Business Spt. Srv , ,528 Fiscal Services , ,578 Oper. & Maint. Plant Services 254 1,73,15 1,73,15 Pupil Transportation 255 1,213,639 1,213,639 Food Services , ,448 Internal Services 257 Central: Direction of Central Spt. Srv. 261 Plan, Rsrch, Dvlp, Eval. Srv. 262 Information Services 263 Staff Services 264 Data Processing Services 266 Other: 29 Community Services 3 5,615 5,615 Total 286,16 17,54,798 1,989,256 15,837,648 Restricted Rate Unrestricted Rate Total Indirect Costs: 286,16 Total Indirect costs: 1,989,256 Total Direct Costs: 17,54,798 Total Direct Costs: 15,837,648 = 1.63% = 12.56% Printed: 1/15/215 afr-15-form

33 A B C D E REPORT ON SHARED SERVICES OR OUTSOURCING School Code, Section (Public Act ) Fiscal Year Ending June 3, 215 Complete the following for attempts to improve fiscal efficiency through shared services or outsourcing in the prior, current and next fiscal years. For additional information, please see the following website: LEMONT BROMBEREK CSD 113A A Check if the schedule is not applicable. Indicate with an (X) If Deficit Reduction Plan Is Required for Annual Budget Prior Fiscal Year Current Fiscal Year Next Fiscal Year Name of the Local Education Agency (LEA) Participating in the Joint Agreement, Cooperative or Shared Service Service or Function ( Check all that apply ) Barriers to Implementation (Limit text to 2 characters, for additional space use line 33 and 38) Curriculum Planning Custodial Services Educational Shared Programs Employee Benefits Energy Purchasing Food Services Grant Writing Grounds Maintenance Services Insurance Investment Pools Legal Services x x x Lemont High School Maintenance Services Personnel Recruitment Professional Development x x x ISC # 4, Lemont High School Shared Personnel Special Education Cooperatives x x x Southwest Cook County Cooperative for Special Ed STEM (science, technology, engineering and math) Program Offerings Supply & Equipment Purchasing Technology Services Transportation Vocational Education Cooperatives All Other Joint/Cooperative Agreements Other Additional space for Column (D) - Barriers to Implementation: Additional space for Column (E) - Name of LEA : Page 31

34 Page 32 Page 32 ILLINOIS STATE BOARD OF EDUCATION School Business Services Division (N-33) 1 North First Street Springfield, IL LIMITATION OF ADMINISTRATIVE COSTS WORKSHEET (Section of the School Code) School District Name: RCDT Number: LEMONT BROMBEREK CSD 113A A-2 Description Funct. No. Actual Expenditures, Fiscal Year 215 Budgeted Expenditures, Fiscal Year 216 (1) (2) (1) (2) Educational Fund Operations & Maintenance Fund Total Educational Fund Operations & Maintenance Fund 1. Executive Administration Services , , , , Special Area Administration Services Other Support Services - School Administration Direction of Business Support Services , , , , Internal Services Direction of Central Support Services Deduct - Early Retirement or other pension obligations required by state law and included above. 8. Totals 481,45 481,45 512, ,471 Percent Increase (Decrease) for FY216 (Budgeted) over 9. 6% FY215 (Actual) CERTIFICATION I certify that the amounts shown above as "Actual Expenditures, Fiscal Year 215" agree with the amounts on the district's Annual Financial Report for Fiscal Year 215. I also certify that the amounts shown above as "Budgeted Expenditures, Fiscal Year 216" agree with the amounts on the budget adopted by the Board of Education. Total (Date) Signature of Superintendent If line 9 is greater than 5% please check one box below. x The District is ranked by ISBE in the lowest 25th percentile of like districts in administrative expenditures per student (4th quartile) and will waive the limitation by board action, subsequent to a public hearing. Waiver resolution must be adopted no later than June 3. The district is unable to waive the limitation by board action and will be requesting a waiver from the General Assembly pursuant to the procedures in Chapter 15 ILCS 5/2-3.25g. Waiver applications must be postmarked by August 16, 215 to ensure inclusion in the Fall 215 report, postmarked by January 17, 216 to ensure inclusion in the Spring 215 report, or postmarked by August 15, 216 to ensure inclusion in the Fall 216 report. Information on the waiver process can be found at The district will amend their budget to become in compliance with the limitation. Budget amendments must be adopted no later than June 3.

35 Page 33 Page 33 This page is provided for detailed itemizations as requested within the body of the report. Type Below. 1. Education Fund- Acct# 1999-Other Revenues $64,947, Criminal Background Check $96., and Wellness $9, Operations & Maintenance Fund- Acct# Telecom Refunds $27, Transportation Fund- Acct# Fuel Payments $13,463 and Other local Revenues $ Education Fund- Acct# State Library Grant $1,71 5. Education Fund- Acct# Other Federeal Grant- $7, Education Fund- Acct# 419- Purchased Services- Other Payments $9, Debt Service Fund- Acct# 54-Other Objects- Admin Fees $6,24 8. Transportation Fund- Acct# 219- Purchased Services- Insurance Title $2,522, and Workmans Comp $1,118 LEMONT BROMBEREK CSD 113A A-2

36 Page 34 Page 34 Reference Pages. 1 Do not enter negative numbers. Reports with negative numbers will be returned for correction. 2 GASB Statement No. 24; Accounting and Financial Reporting for Certain Grants and Other Financial Assistance. The "On Behalf of" Payments should only be reflected on this page. 3 Equals Line 8 minus Line 17 4 May require notification to the county clerk to abate an equal amount from taxes next extended. Refer to Section for the applicable provisions and other "limited" transfer authority to O&M through June 3, Requires notification to the county clerk to abate an equal amount from taxes next extended. See Section Use of proceeds from the sale of school sites buildings, or other real estate is limited. See Sections 5-22 and of the School Code. 7 Include revenue accounts 111 through 1115, 1117, 1118 & 112. Include taxes for bonds sold that are in addition to those identified separately. 8 Educational Fund (1) - Computer Technology only. 9 Corporate personal property replacement tax revenue must be first applied to the Municipal Retirement/Social Security Fund to replace tax revenue lost due to the abolition of the corporate personal property tax (3 ILCS 115/12). This provision does not apply to taxes levied for Medicare-Only purposes. 1 Include only tuition payments made to private facilities. See Function 42 or 44 for public facility disbursements/expenditures. 11 Payment towards the retirement of lease/purchase agreements or bonded/other indebtedness (principal only) otherwise reported within the fund e.g. alternate revenue bonds( Describe & Itemize). 12 Only abolishment of Working Cash Fund must transfer its funds directly to the Educational Fund upon adoption of a resolution and at the close of the current school Year (see 15 ILCS 5/2-8 for further explanation) Only abatement of working cash fund can transfer its funds to any fund in most need of money (see 15 ILCS 5/2-1 for further explanation)

37 Page 35 Page 35 I:\Scanned Documents\YE AFR Attachments.pdf Instructions to insert word doc or pdf files: Choose: Insert - Select: Object - Select Create New tab - Select file type Adobe Acrobat or Microsoft Word Document - Select Create from File tab - Select Browse - Select file that you want to embed - Check Display as icon - Select OK. If you have trouble inserting pdf files it is because you do not have the Adobe program.

38 Page 36 Page 36 A B C D E F G H DEFICIT ANNUAL FINANCIAL REPORT (AFR) SUMMARY INFORMATION New Provisions in the School Code, Section 17-1 (15 ILCS 5/17-1) Instructions: If the Annual Financial Report (AFR) reflects that a "deficit reduction plan" is required as calculated below, then the school district is to complete the "deficit reduction plan" in the annual budget and submit the plan to Illinois State Board of Education (ISBE) within 3 days after accepting the audit report. This may require the FY214 annual budget to be amended to include a "deficit reduction plan" and narrative. The "deficit reduction plan" is developed using ISBE guidelines and format in the School District Budget Form A plan is required when the operating funds listed below result in direct revenues (line 7) being less than direct expenditures (line 8) by an amount equal to or greater than one-third (1/3) of the ending fund balance (line 1). That is, if the ending fund balance is less than three times the deficit spending, the district must adopt and submit an original budget/amended budget with ISBE that provides a "deficit reduction plan" to balance the shortfall within the next three years DEFICIT AFR SUMMARY INFORMATION - Operating Funds Only (All AFR pages must be completed to generate the following calculation) EDUCATIONAL OPERATIONS & MAINTENANCE TRANSPORTATION WORKING CASH TOTAL Direct Revenues 18,26,436 2,436,712 1,282,831 21,925,979 Direct Expenditures 15,479,492 1,772,235 1,162,752 18,414,479 Difference 2,726, ,477 12,79 3,511,5 Fund Balance - June 3, 215 9,253,292 1,6,36 86,543 11,12,195 Balanced - no deficit reduction plan is required.

39 Audit Checklist All entries must balance within the individual fund statements and schedules as instructed below. Any error messages left unresolved below, will be returned to the school district/joint agreement. Round all entries to the nearest dollar. 1. The auditor's Opinion and Notes to the Financial Statements are embedded in the "Opinion-Notes 34" tab. 2. Student Activity Funds, Convenience Accounts, and other agency funds are included, if applicable. 3. All audit questions on page 2 are answered appropriatly by checking all that apply. This page must also be certified with the signature of the CPA firm. Comments and explanations 4. All Other accounts and functions labeled "(describe & itemize) are properly noted on the "Itemization 32" tab. 5. In all funds, Function No. 29 does not include Worker's Compensation or Unemployment Insurance. 6. Tuition paid to another school district or to a joint agreement (in state) is coded to Function 42, and Other Objects (6). 7. Business Manager/Bookkeeper Costs are charged to the proper Function (No. 251/252). 8. If district is subject to PTELL on tab "Aud Quest 2", line 21 be sure to check the box and enter the effective date. Balancing Schedule Check this Section for Error Messages The following assures that various entries are in balance. Any out of balance condition is followed by an error message in RED and must be resolved before submitting to ISBE. One or more errors detected may cause this AFR to be returned for corrections and resubmission. If impossible for entries to balance please explain on the itemization page. Description: 1. Cover Page: The Accounting Basis must be Cash or Accrual. 2. The A-133 related documents must be completed and attached. What Basis of Accounting is used? Accounting for late payments (Audit Questionnaire Section D) Are Federal Expenditures greater than $5,? Is all A133 information completed and enclosed? Is Budget Deficit Reduction Plan Required? 3. Page 3: Financial Information must be completed. Section A: Tax rates are not entered in the following format: [1.5 should be.15]. Please enter with the correct decimal point. Section D: Check a or b that agrees with the school district type. 4. Page 5: Cells C4:L4 Acct Cash Balances cannot be negative. Fund (1) ED: Cash balances cannot be negative. Fund (2) O&M: Cash balances cannot be negative. Fund (3) DS: Cash balances cannot be negative. Fund (4) TR: Cash balances cannot be negative. Fund (5) MR/SS: Cash balances cannot be negative. Fund (6) CP: Cash balances cannot be negative. Fund (7) WC: Cash balances cannot be negative. Fund (8) Tort: Cash balances cannot be negative. Fund (9) FP&S: Cash balances cannot be negative. 5. Page 5 & 6: Total Current & Capital Assets must = Total Liabilities & Fund Balance. Fund 1, Cell C13 must = Cell C41. Fund 2, Cell D13 must = Cell D41. Fund 3, Cell E13 must = Cell E41. Fund 4, Cell F13 must = Cell F41. Fund 5, Cell G13 must = Cell G41. Fund 6, Cell H13 must = Cell H41. Fund 7, Cell I13 must = Cell I41. Fund 8, Cell J13 must = Cell J41. Fund 9, Cell K13 must = Cell K41. Agency Fund, Cell L13 must = Cell L41. General Fixed Assets, Cell M23 must = Cell M41. General Long-Term Debt, Cell N23 must = Cell N Page 5: Sum of Reserved & Unreserved Fund Balance must = Page 8, Ending Fund Balance. Fund 1, Cells C38+C39 must = Cell C81. Fund 2, Cells D38+D39 must = Cell D81. Fund 3, Cells E38+E39 must = Cell E81 Fund 4, Cells F38+F39 must = Cell F81. Fund 5, Cells G38+G39 must = Cell G81. Fund 6, Cells H38+H39 must = Cell H81. Fund 7, Cells I38+I39 must = Cell I81. Fund 8, Cells J38+J39 must = Cell J81. Fund 9, Cells K38+K39 must = Cell K Page 25: Schedule of Bonds Payable must = Pages 5, 8 & 18: Basic Financial Statements. Note: Explain any unreconcilable differences in the Itemization sheet. Total Long-Term Debt Issued (P25, Cell F49) must = Principal on Long-Term Debt Sold (P8, Cells C33:F33, H33:K33). Total Long-Term Debt (Principal) Retired (P18, Cells H163) must = Debt Service - Long-Term Debt (Principal) Retired (P25, Cells H49). 9. Page 7 & 8: Other Sources of Funds (L 24:42) must = Other Uses of Funds (P8, L46:59). Acct Transfer Among Funds, Cells C27:K27 must = Acct 813 Transfer Among Funds, Cells C49:K49 Acct Transfer of Interest, Cells C28:K28 must = Acct 814 Transfer of Interest, Cells C5:K5. Acct 79 - ISBE Loan Proceeds (Cells C42:K42) must = Acct Transfers to Debt Service Fund to Pay Principal on ISBE Loans (Cells C74:K74) 1. Restricted Local Tax Levies Page 26, Line 25 must = Reserved Fund Balance, Pages 5 & 6, Line 38. Reserved Fund Balance, Page 5, Cells C38:H38 must be => Reserve Fund Balance Cell G25:K25. OK Unreserved Fund Balance, Page 5, Cells C39:H39 must be > OK 11. Page 5: "On behalf" payments to the Educational Fund Fund (1) ED: Account 3998 must be entered OK 12. Page 28: The 9 Month ADA must be entered on Line 77. OK 13. Page 32: LIMITATION OF ADMINISTRATIVE COST, Budget Information must be completed and submitted to ISBE. OK 14. Page 31: SHARED OUTSOURCED SERVICES, Completed. OK ACCRUAL OK OK Error Message OK Congratulations! You have a balanced AFR. OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK School No: afr-15-form

40 Page 37 Page 37 ANNUAL FEDERAL FINANCIAL COMPLIANCE REPORT (COVER SHEET) DISTRICT/JOINT AGREEMENT Year Ending June 3, 215 DISTRICT/JOINT AGREEMENT NAME RCDT NUMBER CPA FIRM 9-DIGIT STATE REGISTRATION NUMBER LEMONT BROMBEREK CSD 113A A ADMINISTRATIVE AGENT IF JOINT AGREEMENT (as applicable) NAME AND ADDRESS OF AUDIT FIRM DR. COURTNEY ORZEL MULCAHY, PAURITSCH, SALVADOR & CO., LTD. 143 RAVINIA AVENUE, SUITE 2 ADDRESS OF AUDITED ENTITY (Street and/or P.O. Box, City, State, Zip Code) ORLAND PARK IL ADDRESS EDMC@MPSCPA.COM 161 WEST 127TH STREET NAME OF AUDIT SUPERVISOR EDWARD MCCORMICK LEMONT 6439 CPA FIRM TELEPHONE NUMBER FAX NUMBER THE FOLLOWING INFORMATION MUST BE INCLUDED IN THE A-133 SINGLE AUDIT REPORT: X A copy of the CPA firm's most recent peer review report and acceptance letter has been submitted to ISBE (either with the audit or under separate cover). X Financial Statements including footnotes.31 (a) X Schedule of Expenditures of Federal Awards including footnotes.31 (b) X Independent Auditor's Report.55 X Independent Auditor's Report on Compliance and on Internal Control Over Financial Reporting Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards.55 X Independent Auditor's Report on Compliance with Requirements Applicable to each Major Program and Internal Control over Compliance in Accordance with OMB Circular A X Schedule of Findings and Questioned Costs.55 (d) X Summary Schedule of Prior Year Audit Findings.315 (b) X Corrective Action Plan.315 (c) THE FOLLOWING INFORMATION IS HIGHLY RECOMMENDED TO BE INCLUDED: Copy of Federal Data Collection Form.32 (b) Copy(ies) of Management Letter(s)

41 Page 38 Page 38 The following checklist is OPTIONAL; it is not a required form for completion of A-133 Single Audit information. The purpose of the checklist is to assist in determining if appropriate information has been correctly completed within the Annual Financial Report (AFR). This is not a complete listing of all A-133 requirements, but highlights some of the more common errors found during ISBE reviews. GENERAL INFORMATION X X X X X 1. Signed copies of audit opinion letters have been included with audit package submitted to ISBE. 2. All opinion letters use the most current audit language and formatting as mandated in SAS 115/SAS 117 and other pronouncements. 3. ALL Single Audit forms within the AFR Excel workbook have been completed, where appropriate. - For those forms that are not applicable, "N/A" or similar language has been indicated. 4. ALL Federal revenues reported in FRIS Report 53 (Summary of Payments) are accounted for in the Schedule of Expenditures of Federal Awards (SEFA). Programs funded through ARRA are identified separately in SEFA 5. Federal revenues reported on the AFR reconcile to Federal revenues reported on the SEFA. - Verify or reconcile on reconciliation worksheet. X 6. The total value of non-cash COMMODITIES has been included within the AFR on the INDIRECT COSTS page (ICR Computation 3) on Line 11. It should not be included in the Statement of Revenues Received (REVENUES 9-14) within the AFR Accounts Those accounts are specific cash programs, not non-cash assistance such as COMMODITIES. X 7. Complete audit package (Data Collection Form, audit reports, etc.) has been submitted electronically to the Federal Audit Clearinghouse in Jeffersonville, Indiana. SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS N/A X X 8. Programs funded through ARRA (Federal Stimulus funds) are identified separately from "regular" Federal programs - Program name includes "ARRA - " prefix - Correct ARRA CFDA and ISBE program numbers are listed 9. All prior year's projects are included and reconciled to final FRIS report amounts. - Including reciept/revenue and expenditure/disbursement amounts. 1. All current year's projects are included and reconciled to most recent FRIS report filed. - Including revenue and expenditure/disbursement amounts. N/A 11. Differences in reported spending amounts on the SEFA and the final FRIS reports should be detailed and/or documented in a finding, with discrepancies reported as Questioned Costs. N/A 12. Prior-year and Current-year Child Nutrition Programs (CNP) are included on the SEFA (with prior-year program showing total cash received): Project year runs from October 1 to September 3, so projects will cross fiscal year; This means that audited year revenues will include funds from both the prior year and current year projects. N/A 13. Each CNP project should be reported on separate line (one line per project year per program). N/A 14. Total CNP Revenue amounts are consistent with grant amounts awarded by ISBE for each program by project year. N/A 15. Total CNP Expenditure amounts are consistent with grant amounts awarded by ISBE for each program by project year. N/A 16. Exceptions should result in a finding with Questioned Costs. X 17. The total value of non-cash COMMODITIES has been reported on the SEFA (CFDA 1.555). - The value is determined from the following, with each item on a separate line: X * Non-Cash Commodities: Monthly Commodities Bulletin for April (From the Illinois Commodities System accessed through ISBE web site) Total commodities = A PAL Allocated + B PAL Allocated + Processing Deductions + Total Bonus Allocated Verify Non-Cash Commodities amount on ISBE web site: X * Non-Cash Commodities: Commodities information for non-cash items received through Other Food Services Districts should track separately through year; no specific report available from ISBE Verify Non-Cash Commodities amount through Other Food Services on ISBE web site: X * Department of Defense Fresh Fruits and Vegetables (District should track through year) - The two commodity programs should be reported on separate lines on the SEFA. Verify Non-Cash Commodities amount through DoD Fresh Fruits and Vegetables on ISBE web site: N/A * Amounts verified for Fresh Fruits and Vegetables cash grant program (ISBE code 424) CFDA number: X X X X X X X X X X 18. TOTALS have been calculated for Federal revenue and expenditure amounts (Column totals). 19. Obligations and Encumbrances are included where appropriate. 2. FINAL STATUS amounts are calculated, where appropriate. 21. Medicaid Fee-for-Service funds, E-Rate reimbursements and Build America Bond interest subsidies have not been included on the SEFA. 22. All programs tested (not just Type A programs) are indicated by either an * or (M) on the SEFA. 23. NOTES TO THE SEFA within the AFR Excel workbook (SEFA NOTES) have been completed. Including, but not limited to: 24. Basis of Accounting 25. Name of Entity 26. Type of Financial Statements 27. Subrecipient information (Mark "N/A" if not applicable) N/A * ARRA funds are listed separately from "regular" Federal awards SUMMARY OF AUDITOR RESULTS/FINDINGS/CORRECTIVE ACTION PLAN X X X X 28. Audit opinions expressed in opinion letters match opinions reported in Summary. 29. All Summary of Auditor Results questions have been answered. 3. All tested programs are listed. 31. Correct testing threshold has been entered. (OMB A-133, _.52) Findings have been filled out completely and correctly (if none, mark "N/A"). LEMONT BROMBEREK CSD 113A A-2 A-133 SINGLE AUDIT INFORMATION CHECKLIST X 32. Financial Statement and/or Federal Awards Findings information has been completely filled out for each finding, with finding numbers in correct format. X 32. Finding completed for each Significant Deficiency and for each Material Weakness noted in opinion letters. X 33. Separate finding for each Federal program (i.e., don't report same finding for multiple programs on one sheet). X 34. Separate finding sheet for each finding on programs (e.g., excess interest earned and unallowable expenditures are two findings and should be reported separately, even if both are on same program). X 35. Questioned Costs have been calculated where there are questioned costs. N/A 36. Questioned Costs are separated by project year and by program (and sub-project, if necessary). N/A 37. Questioned Costs have been calculated for Interest Earned on Excess Cash on Hand. - Should be based on actual amount of interest earned - Questioned Cost amounts are broken out between programs if multiple programs are listed on the finding X 38. A CORRECTIVE ACTION PLAN has been completed for each finding. - Including Finding number, action plan details, projected date of completion, name and title of contact person

42 Page 39 Page 39 TOTAL FEDERAL REVENUE IN AFR LEMONT BROMBEREK CSD 113A A-2 RECONCILIATION OF FEDERAL REVENUES Annual Financial Report to Schedule of Expenditures of Federal Awards Account Summary 7-8, Line 7 Account 4 $ 97,777 Flow-through Federal Revenues Revenues 9-14, Line 112 Account 22 - Value of Commodities Indirect Cost Info 3, Line 11 31,197 Less: Medicaid Fee-for-Service Revenues 9-14, Line 27 Account AFR TOTAL FEDERAL REVENUES: $ 938,974 ADJUSTMENTS TO AFR FEDERAL REVENUE AMOUNTS: Reason for Adjustment: ADJUSTED AFR FEDERAL REVENUES $ 938,974 Total Current Year Federal Revenues Reported on SEFA: Federal Revenues Column D $ 938,974 Adjustments to SEFA Federal Revenues: Reason for Adjustment: ADJUSTED SEFA FEDERAL REVENUE: $ 938,974 DIFFERENCE: $ -

43 Page 4 Page 4 LEMONT BROMBEREK CSD 113A A-2 SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS Year Ending June 3, 215 ISBE Project # Receipts/Revenues Expenditure/Disbursements 4 Federal Grantor/Pass-Through Grantor/ CFDA (1st 8 digits) Year Year Year Year Obligations/ Final Budget Program or Cluster Title and Number 2 or Contract #3 7/1/13-6/3/14 7/1/14-6/3/15 7/1/13-6/3/14 7/1/14-6/3/15 Encumb. Status Major Program Designation (A) (B) (C) (D) (E) (F) (G) (H) (I) U.S. Department of Education: Passed through Illinois State Board of Education: Title I - Low Income Title I - Low Income Title II - Teacher Quality Title II - Teacher Quality Title III - Language Instruction Title III - Language Instruction Other Federal Programs - Program Improvement Total Illinois State Board of Education Passed through Southwest Cook County Cooperative For Special Education IDEA Flow Through (M) ,616 13, ,616 13, , , , , , , ,777 4,68 35,777 4,68 4,457 5, ,954 45,954 45,954 5, ,971 2,36 18,971 2,36 21,277 25, ,143 15,143 15,143 25, ,421 7,421 7,421 8,373 21, ,394 21, , , , , ,691 6,886 Pre-School Flow Through (M) ,57 14,57 14,57 14,364 Total Southwest Cook County Cooperative for Special Education 539, , ,748 Total U.S. Department of Education 21, ,142 21, ,142 1,7,56 (M) Program was audited as a major program as defined by OMB Circular A-133. The accompanying notes are an integral part of this schedule To meet state or other requirements, auditees may decide to include certain nonfederal awards (for example, state awards) in this schedule. If such nonfederal data are presented, they should be segregated and clearly designated as nonfederal. The title of the schedule should also be modified to indicate that nonfederal awards are included. When the CFDA number is not available, the auditee should indicate that the CFDA number is not available and include in the schedule the program's name and, if applicable, other identifying number. When awards are received as a subrecipient, the identifying number assigned by the pass-through entity should be included in the schedule. Circular A-133 requires that the value of federal awards expended in the form of non-cash assistance, the amount of insurance in effect during the year, and loans or loan guarantees outstanding at year end be included in either the schedule or a note to the schedule. Although it is not required, Circular A-133 states that it is preferable to present this information in the schedule (versus the notes to the schedule). If the auditee presents non-cash assistance in the notes to the schedule, the auditor should be aware that such amounts must still be included in part III of the data collection form.

44 Page 4 Page 4 LEMONT BROMBEREK CSD 113A A-2 SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS Year Ending June 3, 215 ISBE Project # Receipts/Revenues Expenditure/Disbursements 4 Federal Grantor/Pass-Through Grantor/ CFDA (1st 8 digits) Year Year Year Year Obligations/ Final Budget Program or Cluster Title and Number 2 or Contract #3 7/1/13-6/3/14 7/1/14-6/3/15 7/1/13-6/3/14 7/1/14-6/3/15 Encumb. Status Major Program Designation (A) (B) (C) (D) (E) (F) (G) (H) (I) U.S. Department of Agriculture: Passed through Illinois State Board of Education: National School Lunch Program National School Lunch Program Commodities (Non-Cash) DOD Fruits & Vegetables Total U.S. Department of Agriculture ,359 14,955 88,359 14,955 13,314 N/A ,68 95,68 95,68 N/A ,199 26,199 26,199 N/A ,998 4,998 4,998 88, ,832 88, ,832 23,191 TOTAL FEDERAL AWARDS 298, , , ,974 1,237,697 (M) Program was audited as a major program as defined by OMB Circular A-133. The accompanying notes are an integral part of this schedule To meet state or other requirements, auditees may decide to include certain nonfederal awards (for example, state awards) in this schedule. If such nonfederal data are presented, they should be segregated and clearly designated as nonfederal. The title of the schedule should also be modified to indicate that nonfederal awards are included. When the CFDA number is not available, the auditee should indicate that the CFDA number is not available and include in the schedule the program's name and, if applicable, other identifying number. When awards are received as a subrecipient, the identifying number assigned by the pass-through entity should be included in the schedule. Circular A-133 requires that the value of federal awards expended in the form of non-cash assistance, the amount of insurance in effect during the year, and loans or loan guarantees outstanding at year end be included in either the schedule or a note to the schedule. Although it is not required, Circular A-133 states that it is preferable to present this information in the schedule (versus the notes to the schedule). If the auditee presents non-cash assistance in the notes to the schedule, the auditor should be aware that such amounts must still be included in part III of the data collection form.

45 Page 41 Page 41 LEMONT BROMBEREK CSD 113A A-2 Note 1: Basis of Presentation 5 NOTES TO THE SCHEDULE OF EXPENDITURES OF FEDER Year Ending June 3, 215 The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activit on the Modified Accrual Basis of Accounting. The information in this schedule is presented in Management and Budget Circular A-133, Audits of States, Local Governments and Non-Profit Or this schedule may differ from amounts presented in, or used in the preparation of, the Basic finan Note 2: Subrecipients 6 Of the federal expenditures presented in the schedule, Lemont-Bromberek CSD 113A provided Program Title/Subrecipient Name Federal CFDA Number NONE Note 3: Non-Cash Assistance The following amounts were expended in the form of non-cash assistance by Lemont-Brombere Expenditures of Federal Awards: NON-CASH COMMODITIES (CFDA 1.555)**: $31,197 OTHER NON-CASH ASSISTANCE $ Note 4: Other Information Insurance coverage in effect paid with Federal funds during the fiscal year: Property $ Auto $ General Liability $ Workers Compensation $ Loans/Loan Guarantees Outstanding at June 3: $ District had Federal grants requiring matching expenditures NO (Yes/No) ** The amount reported here should match the value reported for non-cash Commodities on the Indirect Cost 5 6 This note is included to meet the Circular A-133 requirement that the schedule include notes that describe schedule. Circular A-133 requires the Schedule of Expenditures of Federal Awards to include, to the extent practical, from each federal program. Although this example includes the required subrecipie information in the notes of the schedule as a separate column or section, if that is preferred by the auditee.

46 A Page 41 Page 41 RAL AWARDS (SEFA) ty of Lemont-Bromberek CSD 113A and is presented n accordance with the requirements of Office of rganizations. Therefore, some amounts presented in ncial statements. d federal awards to subrecipients as follows: Amount Provided to Subrecipients ek CSD 113A and are included in the Schedule of t Rate Computation page. the significant accounting policies used in preparing the an identification of the total amount provided to subrecipients, s to the schedule, the information may be included on the face

47 Page 42 Page 42 LEMONT BROMBEREK CSD 113A A-2 SCHEDULE OF FINDINGS AND QUESTIONED COSTS Year Ending June 3, 215 SECTION I - SUMMARY OF AUDITOR'S RESULTS FINANCIAL STATEMENTS Type of auditor's report issued: UNMODIFIED (Unmodified, Qualified, Adverse, Disclaimer) INTERNAL CONTROL OVER FINANCIAL REPORTING: Material weakness(es) identified? YES X None Reported Significant Deficiency(s) identified that are not considered to X YES None Reported be material weakness(es)? Noncompliance material to financial statements noted? YES X NO FEDERAL AWARDS INTERNAL CONTROL OVER MAJOR PROGRAMS: Material weakness(es) identified? YES X None Reported Significant Deficiency(s) identified that are not considered to X YES None Reported be material weakness(es)? Type of auditor's report issued on compliance for major programs: UNMODIFIED (Unmodified, Qualified, Adverse, Disclaimer 7 ) Any audit findings disclosed that are required to be reported in accordance with Circular A-133,.51(a)? YES X NO IDENTIFICATION OF MAJOR PROGRAMS: 8 CFDA NUMBER(S) 9 NAME OF FEDERAL PROGRAM or CLUSTER IDEA Flow Through Pre-School Flow Through Dollar threshold used to distinguish between Type A and Type B programs: $3,. Auditee qualified as low-risk auditee? X YES NO If the audit report for one or more major programs is other than unmodified, indicate the type of report issued for each program. Example: "Unmodified for all major programs except for [name of program], which was modified and [name of program], which was a disclaimer." Major programs should generally be reported in the same order as they appear on the SEFA. When the CFDA number is not available, include other identifying number, if applicable. The name of the federal program or cluster should be the same as that listed in the SEFA. For clusters, auditors are only required to list the name of the cluster.

48 LEMONT BROMBEREK CSD 113A A-2 SCHEDULE OF FINDINGS AND QUESTIONED COSTS Year Ending June 3, 215 SECTION II - FINANCIAL STATEMENT FINDINGS 1. FINDING NUMBER: THIS FINDING IS: New X Repeat from Prior Year? Year originally reported? Criteria or specific requirement Preparation of financial statements. 4. Condition Management relies on its audit firm to prepare full financial statements in accordance with GASB Statement Context12 Material adjusting journal entries were made to finalize the year end financial statements. 6. Effect Users of unaudited financial statements are not viewing statements in accordance with GASB Statement Cause Closing procedures do not include steps to accumulate and record GASB Statement 34 adjustments. 8. Recommendation Management should implement procedures to record GASB Statement 34 adjustments. 9. Management's response 13 Management disagrees with the recommendation. For ISBE Review Date: Initials: Resolution Criteria Code Number Disposition of Questioned Costs Code Letter 11 A suggested format for assigning reference numbers is to use the digits of the fiscal year being audited followed by a numeric sequence of findings. For example, findings identified and reported in the audit of fiscal year 215 would be assigned a reference number of 215-1, 215-2, etc. The sheet is formatted so that only the number need be entered (1, 2, etc.). 12 Provide sufficient information for judging the prevalence and consequences of the finding, such as relation to universe of costs and/or number of items examined and quantification of audit findings in dollars. 13 See paragraphs 5.18 through 5.2 and 7.38 through 7.42 of Government Auditing Standards for additional guidance on reporting management's response. 74

49 LEMONT BROMBEREK CSD 113A A-2 SCHEDULE OF FINDINGS AND QUESTIONED COSTS Year Ending June 3, 215 SECTION II - FINANCIAL STATEMENT FINDINGS 1. FINDING NUMBER: THIS FINDING IS: New X Repeat from Prior Year? Year originally reported? Criteria or specific requirement Generally Accepted Accounting Principles require records to be kept on the accrual basis of accounting. 4. Condition The District's records are kept on the cash basis during the year and converted to accrual basis at year end with audit adjustments. 5. Context12 Material adjusting journal entries were made to finalize the year end financial statements. 6. Effect Users of unaudited financial statements are not viewing accurate and timely information. 7. Cause Closing procedures do not include steps to accumulate and record accrual basis information. 8. Recommendation Management should implement procedures to record accrual basis information. 9. Management's response 13 Management disagrees with the recommendation. For ISBE Review Date: Initials: Resolution Criteria Code Number Disposition of Questioned Costs Code Letter 11 A suggested format for assigning reference numbers is to use the digits of the fiscal year being audited followed by a numeric sequence of findings. For example, findings identified and reported in the audit of fiscal year 215 would be assigned a reference number of 215-1, 215-2, etc. The sheet is formatted so that only the number need be entered (1, 2, etc.). 12 Provide sufficient information for judging the prevalence and consequences of the finding, such as relation to universe of costs and/or number of items examined and quantification of audit findings in dollars. 13 See paragraphs 5.18 through 5.2 and 7.38 through 7.42 of Government Auditing Standards for additional guidance on reporting management's response. 75

50 LEMONT BROMBEREK CSD 113A A-2 SCHEDULE OF FINDINGS AND QUESTIONED COSTS Year Ending June 3, 215 SECTION III - FEDERAL AWARD FINDINGS AND QUESTIONED COSTS 1. FINDING NUMBER: THIS FINDING IS: New X Repeat from Prior year? Year originally reported? Federal Program Name and Year: All Federal Programs 4. Project No.: 5. CFDA No.: 6. Passed Through: 7. Federal Agency: 8. Criteria or specific requirement (including statutory, regulatory, or other citation) Preparation of financial statements. See financial statement finding # Condition Questioned Costs 16 NONE 11. Context Effect 13. Cause 14. Recommendation 15. Management's response 18 For ISBE Review Date: Initials: Resolution Criteria Code Number Disposition of Questioned Costs Code Letter 14 See footnote Include facts that support the deficiency identified on the audit finding. 16 Identify questioned costs as required by sections 51(a)(3) and 51 (a) (4) of Circular A See footnote To the extent practical, indicate when management does not agree with the finding, questioned cost, or both. 76

51 LEMONT BROMBEREK CSD 113A A-2 SCHEDULE OF FINDINGS AND QUESTIONED COSTS Year Ending June 3, 215 SECTION III - FEDERAL AWARD FINDINGS AND QUESTIONED COSTS 1. FINDING NUMBER: THIS FINDING IS: New X Repeat from Prior year? Year originally reported? Federal Program Name and Year: All Federal Programs 4. Project No.: 5. CFDA No.: 6. Passed Through: 7. Federal Agency: 8. Criteria or specific requirement (including statutory, regulatory, or other citation) Generally Accepted Accounting Principles require records to be kept on the accrual basis of accounting. See financial statement finding # Condition Questioned Costs 16 NONE 11. Context Effect 13. Cause 14. Recommendation 15. Management's response 18 For ISBE Review Date: Initials: Resolution Criteria Code Number Disposition of Questioned Costs Code Letter 14 See footnote Include facts that support the deficiency identified on the audit finding. 16 Identify questioned costs as required by sections 51(a)(3) and 51 (a) (4) of Circular A See footnote To the extent practical, indicate when management does not agree with the finding, questioned cost, or both. 77

52 LEMONT BROMBEREK CSD 113A A-2 SUMMARY SCHEDULE OF PRIOR AUDIT FINDINGS 19 Year Ending June 3, 215 Finding Number Condition Current Status Management relies on its audit firm to prepare full financial statements in Repeated as accordance with GASB Statement The District's records are kept on the cash basis during the year and Repeated as converted to accrual basis at year end with audit adjustments Management relies on its audit firm to prepare full financial statements in Repeated as accordance with GASB Statement The District's records are kept on the cash basis during the year and Repeated as converted to accrual basis at year end with audit adjustments. When possible, all prior findings should be on the same page 19 See the instructions in the Guide to Auditing and Reporting for Illinois Public Local Education Agencies for an explanation of this schedule. 2 Current Status should include one of the following: A statement that corrective action was taken A description of any partial or planned corrective action An explanation if the corrective action taken was significantly different from that previously reported or in the management decision received from the pass-through entity. 78

53 LEMONT BROMBEREK CSD 113A A-2 CORRECTIVE ACTION PLAN FOR CURRENT YEAR AUDIT FINDINGS 21 Year Ending June 3, 215 Corrective Action Plan Finding No.: Condition: Management relies on its audit firm to prepare full financial statements in accordance with GASB Statement 34. Plan: NONE Anticipated Date of Completion: Name of Contact Person: Management Response: N/A Dr. Courtney Orzel - Superintendent Management provides all necessary information to its auditor and retains decision making control for proposed year end adjusting journal entries to convert the books to GASB Statement 34 reporting. Due to cost/benefit considerations for staffing, management believes this approach to be adequate and that any corrective action is unnecessary. 21 See the instructions in the Guide to Auditing and Reporting for Illinois Public Local Education Agencies for an explanation of this schedule. 79

54 LEMONT BROMBEREK CSD 113A A-2 CORRECTIVE ACTION PLAN FOR CURRENT YEAR AUDIT FINDINGS 21 Year Ending June 3, 215 Corrective Action Plan Finding No.: Condition: The District's records are kept on the cash basis during the year and converted to accrual basis at year end with audit adjustments. Plan: NONE Anticipated Date of Completion: Name of Contact Person: Management Response: N/A Dr. Courtney Orzel - Superintendent Management provides all necessary information to its auditor and retains decision making control for proposed year end adjusting journal entries to convert the books to accrual basis reporting. Due to cost/benefit considerations for staffing, management believes this approach to be adequate and that any corrective action is unnecessary. 21 See the instructions in the Guide to Auditing and Reporting for Illinois Public Local Education Agencies for an explanation of this schedule. 8

55 LEMONT BROMBEREK CSD 113A A-2 CORRECTIVE ACTION PLAN FOR CURRENT YEAR AUDIT FINDINGS 21 Year Ending June 3, 215 Corrective Action Plan Finding No.: Condition: Management relies on its audit firm to prepare full financial statements in accordance with GASB Statement 34. Plan: NONE Anticipated Date of Completion: Name of Contact Person: Management Response: N/A Dr. Courtney Orzel - Superintendent Management provides all necessary information to its auditor and retains decision making control for proposed year end adjusting journal entries to convert the books to GASB Statement 34 reporting. Due to cost/benefit considerations for staffing, management believes this approach to be adequate and that any corrective action is unnecessary. 21 See the instructions in the Guide to Auditing and Reporting for Illinois Public Local Education Agencies for an explanation of this schedule. 81

56 LEMONT BROMBEREK CSD 113A A-2 CORRECTIVE ACTION PLAN FOR CURRENT YEAR AUDIT FINDINGS 21 Year Ending June 3, 215 Corrective Action Plan Finding No.: Condition: The District's records are kept on the cash basis during the year and converted to accrual basis at year end with audit adjustments. Plan: NONE Anticipated Date of Completion: Name of Contact Person: Management Response: N/A Dr. Courtney Orzel - Superintendent Management provides all necessary information to its auditor and retains decision making control for proposed year end adjusting journal entries to convert the books to accrual basis reporting. Due to cost/benefit considerations for staffing, management believes this approach to be adequate and that any corrective action is unnecessary. 21 See the instructions in the Guide to Auditing and Reporting for Illinois Public Local Education Agencies for an explanation of this schedule. 82

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