LIVONIA PUBLIC SCHOOLS Second Amended General Fund and District Budgets

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1 LIVONIA PUBLIC SCHOOLS Second Amended General Fund and District Budgets December 2014

2 Mark Johnson President Colleen Burton Vice President Dianne Laura Secretary Tammy Bonifield Trustee Dan Centers Trustee Eileen McDonnell Trustee Randy Roulier Trustee Randy Liepa, Ph D. Superintendent Lisa Abbey Director of Business Services i

3 Livonia Public Schools Business Services Office Date: December 3, 2014 To: Randy Liepa, Ph.D., Superintendent From: Lisa Abbey, Director of Business Services Re: Second Budget Amendment As you know, we presented our first budget amendment to the Board of Education on October 20, At that time, we amended the General Fund, Special Education Fund and Funded Projects Fund (federal and state grants). This facilitated budget planning for these departments and provided an update with the most current information available. We have reviewed the projected revenues and expenditures for the remaining budgets and have made adjustments on various line items. The budget book includes a summary of the major changes made to the budget. This second budget amendment reflects an increase in revenues in the General Fund of approximately $3.8 million. This is primarily a result of the increase revenue from the State of Michigan of $3.3 million to support the increase in retirement costs. This revenue is offset by an increase in expenditures for the same amount. Revenues decreased by a net of $773,000 as a result of the fall student count less than anticipated (less than 1% variance). Other revenue line items were adjusted to reflect the most current projections of resources. Expenditures in the General Fund increased by approximately $4.5 million. As noted above, most of this increase, $3.3 million was a result of the increased mandated retirement costs. The state increased the retirement rate to support the unfunded liability in the state retirement system. The state then provided an increase in revenues to offset the increased costs to districts. This is generally a fund balance neutral transaction for districts. Other increases in expenditures for salaries, benefits, supplies and materials are offset by adjustments in revenue to more accurately reflect the budget. As we look forward for the remainder of the school year there are budget items that we will be monitoring over the next several months that may adjust future budget amendments including the following items: We are monitoring employee benefit costs for fiscal year Effective January 2014 all covered employees are now on a fully insured MESSA plan. Open enrollment for employees takes place in the fall and there may be change in the overall costs as a result of employee selection changes or employee status changes throughout the year. We do not know our final student count until the February 2015 count day. Last year the state changed the accounting for student enrollment to 90% fall (2014) and 10% for spring ii

4 (February 2015). This change means that as of the second amendment, we are still estimating our enrollment for February based on prior year trends. We have several budget target areas in the current fiscal year budget where we are still working to secure either revenue enhancement or cost saving measures to increase the anticipated fund balance. While our beginning fund balance was greater than anticipated, enrollment estimates, utility costs, and other estimates create an uncertain budget as we move forward this year and as we begin to project the proposed budget for We will continue to monitor the budget carefully and provide the Board of Education with updates when they are available. Please let me know if there are any questions. LA/kp iii

5 District Shared Vision Goals Climate and Environment 1. Students feel emotionally safe in school. Engaged Learners 2. Students are encouraged to give their personal best. Employee Capacity 3. Staff work collaboratively to support and improve student learning District Academic Goals Writing 1. All students will be proficient in writing. Math 2. All students will be proficient in mathematics. Reading 3. All students will be proficient in reading. Science 3. All students will be proficient in science. iv

6 Mark Johnson President Colleen Burton Vice President Diane Laura Secretary Tammy Bonifield Trustee Dan Centers Trustee Eileen McDonnell Trustee Randy Roulier Trustee Randy Liepa, Ph D. Superintendent Lisa Abbey Director of Business Services i

7 LIVONIA PUBLIC SCHOOLS 2014/15 CRITICAL BUDGET ISSUES State Aid Funding Long Range Budget Considerations Student Enrollment Program Reductions Revenue Enhancement Cost Containment Efforts

8 RESOLUTION FOR BUDGET ADOPTION BY THE BOARD OF EDUCATION LIVONIA PUBLIC SCHOOLS RESOLVED, that the general appropriation for Livonia Public Schools for revenue for the fiscal year General Fund is amended as follows: REVENUE 14/15 14/15 14/15 AS FIRST SECOND PROPOSED AMENDED AMENDED Local $ 28,085,139 $ 28,085,139 $ 28,192,706 State 108,103, ,927, ,029,670 Federal 41,700 41,700 41,700 Incoming Transfers & Other Transactions 2,188,376 2,188,376 2,839,376 Total Revenue $ 138,418,418 $ 139,242,418 $ 143,103,452 Beginning Fund Balance as of 7/1/2014 Non-spendable Unassigned Assigned $ 2,785,006 $ 3,820,169 $ 3,820,169 Total Beginning Fund Balance as of 7/1/2014 $ 2,785,006 $ 3,820,169 $ 3,820,169 Total Fund Balance and Revenues Available to Appropriate $ 141,203,424 $ 143,062,587 $ 146,923,621 The property tax adopted to be levied to support General Fund Operating purposes is mills non-homestead and 6.00 mills on Commerical Personal Property

9 RESOLUTION FOR BUDGET ADOPTION BY THE BOARD OF EDUCATION LIVONIA PUBLIC SCHOOLS RESOLVED, that the general appropriation for Livonia Public Schools for expenditures for the fiscal year General Fund is amended as follows: 14/15 14/15 14/15 EXPENDITURES AS FIRST SECOND PROPOSED AMENDED AMENDED INSTRUCTION Basic Programs $ 71,876,997 $ 73,429,497 $ 74,615,878 Added Needs 12,219,061 12,219,061 11,111,375 Adult & Continuing Education 505, , ,774 Total Instruction $ 84,601,447 $ 86,153,947 $ 86,205,027 SUPPORTING SERVICES Pupil $ 8,490,336 $ 8,490,336 $ 10,542,427 Instructional Staff 6,643,620 6,643,620 6,816,658 General Administration 766, , ,622 School Administration 9,284,611 9,284,611 9,981,594 Business 3,786,099 3,786,099 3,748,954 Operations 13,495,039 13,542,539 14,434,069 Transportation 6,905,068 6,905,068 7,201,905 Central 2,691,624 2,691,624 2,866,460 Total Supporting Services $ 52,062,451 $ 52,109,951 $ 56,445,689 COMMUNITY SERVICES Custody & Child Care $ 2,196,566 $ 2,196,566 $ 2,319,477 Total Community Services $ 2,196,566 $ 2,196,566 $ 2,319,477 OPERATION TRANSFERS AND OTHER Transfers to Other Districts $ 50,000 $ 50,000 $ 50,000 Transfers to Other Funds 1,518,000 1,518,000 1,524,872 Other Transactions 3,000 3,000 - Total Operating Transfers and Other $ 1,571,000 $ 1,571,000 $ 1,574,872 TOTAL APPROPRIATED-GENERAL FUND $ 140,431,464 $ 142,031,464 $ 146,545,065 ANTICIPATED FUND BALANCE AS OF 7/1/2015 Assigned Unassigned $ 771,960 $ 1,031,123 $ 378,556 Total Anticipated Fund Balance as of 7/1/2015 $ 771,960 $ 1,031,123 $ 378,556 All unassigned fund balance is available for appropriation in the subsequent budget year.

10 SUMMARY - MAJOR ADJUSTMENTS - REVENUE AREA OF BUDGET Local Sources State Sources Federal, Transfers and Other Revenue TOTAL AMOUNT OF EXPLANATION LINE ITEMS CHANGE Updated estimates for Jackson programs 30, ,567 Update estimates for facility use, donations, medicaid fee for 77,567 service, other Estimated increase in revenue for 147c & 147d - pension stabilization (increase in 3,363,000 retirement rate) Increase At Risk funding 550,000 3,102, ,000 Change in foundation allowance (923,286) Changes in estimates for, state categorical revenue and prior year revenue Changes in estimates for Special education funds Update estimate for tuition from other districts Update transfers from other funds (Capital Projects) 62,753 50, , ,000 Other (16,000) Total Increase in Revenue 3,861,034

11 SUMMARY - MAJOR ADJUSTMENTS - EXPENDITURES AREA OF BUDGET Instruction Basic Programs Share Time, Young Fives, Preschool, K-12 teachers and programs Instruction Added Needs Special Education, Vocational Education, Learning Specialists, Summer Programs Instruction Adult Education - Basic Programs & Enrichment Pupil Support Counselors, Psychologists, Speech Therapists, Social Worker, Teacher Consultants TOTAL AMOUNT OF CHANGE 1,186,381 (1,107,686) (27,615) 2,052,091 EXPLANATION LINE ITEMS Adjustment to employee costs to reflect actual staffing levels Increased cost for benefits due to increased retirement rate Adjustment to teaching supply and textbook accounts and miscellaneous other adjustments Decreased cost due to a change in funding source of special education teachers (IDEA grant) Increased cost for benefits due to increased retirement rate (315,808) 1,138, ,820 (1,122,803) 52,854 Miscellaneous adjustments (37,737) Decrease in adult ed staffing levels due to drop in adult ed student enrollment Increased counseling staff cost offset by increased atrisk state funding and increased retirement costs Increase due to a change in funding source of pupil support staff members (IDEA grant) as well as increased retirement costs (27,615) 588,053 1,454,752 Miscellaneous adjustments 9,286 Support Staff Instructional Staff Improvement of Instruction, Library Media services, Supervision of Instructional staff 173,038 Increased cost for benefits due to increased retirement rate 173,038

12 SUMMARY - MAJOR ADJUSTMENTS - EXPENDITURES AREA OF BUDGET Support General Administration Support School Administration Support Business Services Fiscal Services, Printing, Building Insurance, Warehouse, Tax Support Maintenance & Operations Custodial, Maintenance, Security Services, Energy Management Support Transportation Pupil transportation Central Support Research & Evaluation, Communications, Personnel Services, Pupil Accounting, Technology TOTAL AMOUNT OF CHANGE 87, ,983 (37,145) 891, , ,836 EXPLANATION LINE ITEMS Miscellaneous adjustments 87,568 Adjustments to salaries and benefits based on actual staffing and increased retirement costs 684,882 Miscellaneous adjustments 12,101 Adjustment due to projected decrease in taxes written off (45,000) Miscellaneous adjustments 7,855 Adjustments to salaries and benefits based on actual staffing and increased retirement costs Adjustments to utility accounts and other changes based on projected costs for the year Adjustments to salaries and benefits based on increased driver and aide costs including retirement Adjustments for purchased services, equipment repair, and vehicle parts Adjustments to salaries and benefits based on actual staffing and increased retirement costs 677, , ,477 (17,640) 206,928 Miscellaneous adjustments (32,092)

13 SUMMARY - MAJOR ADJUSTMENTS - EXPENDITURES AREA OF BUDGET TOTAL AMOUNT OF CHANGE EXPLANATION LINE ITEMS Community Services Child Care services, Other 122,911 Adjustment to employee costs to reflect actual staffing levels and increased retirement costs 121,863 Miscellaneous adjustments 1,048 Transfers Other Expenses 3,872 Transfer to other funds - change in payment to Athletic and Food Services 3,872

14 MAJOR ITEMS IN THE GENERAL FUND BUDGET THAT ARE STILL UNCERTAIN REVENUES STATE AID Under the school funding system, the majority of our funding comes from the state. Thus, if the state changes the State Aid Act or is short of funds in the state aid fund, our funding could be altered during the mid-year. We have prepared the budget assuming we will receive full foundation allowance this year. STUDENT COUNT The fall 2014 count is now finalized. The total blended membership will be based on the Fall 2014 count 90% and February 2015 count at 10%. Any final adjustments to this count or any adjustment for this or past years by the state or county could alter estimated revenues. STATE AID CATEGORICALS We receive partial reimbursement for Vocational Education and Special Education programs. Our estimations have been put forth based on dialogue with the state and our own computations. The final amounts will not be known until sometime later in the year. Projections for At Risk funding may also change throughout the year based on the state s allocation. ADULT EDUCATION FUNDING State funding for revenue could also be prorated based on statewide participation or due to additional state reductions. Changes in other funding sources, including Federal Grants may affect programs in Adult Education. INTEREST INCOME May fluctuate, based on interest rates and cash flow. We see continued decreases in revenue due to lower interest rates. SALE/RENTAL OF PROPERTY Any activity in this area with current or potential renters/buyers could affect these budget areas. COMMUNITY EDUCATION We receive revenue from our Community Education programs. Revenues can fluctuate based on the number of classes and programs offered. TAX REVENUES Any adjustments to prior year tax assessments could cause a change in projected property tax revenues.

15 MAJOR ITEMS IN THE GENERAL FUND BUDGET THAT ARE STILL UNCERTAIN EXPENDITURES MEDICAID REIMBURSEMENT We receive partial reimbursement for Special Education Services through Medicaid. We will not know final reimbursement amounts until year-end. STAFFING Any unexpected leaves or retirements (and their eventual replacements) or change in funding source could cause a change in projections. RETIREMENT LEAVES An amount is set aside in the budget for anticipated retirements. If more or less retirements occur than are projected, the budgets will need to be adjusted. SUPPLY, MATERIAL AND PURCHASED SERVICE ACCOUNTS Budgets have been allocated for the aforementioned. If even a small percentage of budgets aren t completely used or if goods are not received by June 30, this could create surplus. EMPLOYEE INSURANCE Changes in employee insurance costs may change based on open enrollment and employee changes through the year. SPECIAL EDUCATION This area often involves fluctuation in cost due to the nature of the positions employed. State mandates can cause adjustments in staffing during the year. Also, the extent of state and federal grants can adjust the amount of General Fund monies needed to cover the program. LEGAL FEES Will fluctuate based on needed use (labor, financial, etc.). TAX WRITE-OFFS Our property tax write-offs are uncertain until after the end of the year. We have observed increased requests for property tax refunds the past few years. WORKER S COMPENSATION Claims may occur at any time. History is our only indicator until the end of the year. We have seen increased costs in the past few years.

16 EXPENDITURES, CON T MAINTENANCE This budget area can vary greatly if unexpected repair(s) (boilers, roofs, for example) are required for our physical plant. These budgets have been reduced significantly in the past several years and are monitored closely throughout the year. UTILITIES This is a very large expenditure area, and final estimates cannot be completed until toward the end of the year when we know better utilization. LAWSUITS/GRIEVANCES Any lawsuits or grievances settled against the school district would affect budget projections. COUNTY SPECIAL EDUCATION SHORTFALL We are required to fund any deficit that is applicable to our local students who are serviced by the County Special Education program. This information can come at any time during the year. Thus, if a county shortfall occurs and we are made aware of it during the year, appropriate budget adjustments will have to be made. GRANTS We receive Grant Funds from Federal, State and local sources. The funds we recorded in the Funded Projects Fund Grant Funding are not fully known until later in the year. Changes in funding may affect costs in the General Fund.

17 2014/2015 BUDGET COMPARISON REVENUES PROPOSED 14/15 14/15 FIRST AMENDED 14/15 SECOND AMENDED Local $ 28,085,139 $ 28,085,139 $ 28,192,706 State 108,103, ,927, ,029,670 Federal 41,700 41,700 41,700 Transfers and Other 2,188,376 2,188,376 2,839,376 Total Revenue $ 138,418,418 $ 139,242,418 $ 143,103,452 EXPENDITURES Administrators $ 6,278,323 $ 6,278,323 $ 6,533,052 Teachers, Counselors, & Other Educational 62,022,966 62,992,603 62,649,071 Programmers/Video/Dispatcher/Energy Mgr/Printing 758, , ,815 Maintenance/ Mechanics 1,176,750 1,176,750 1,188,234 Drivers 1,983,915 1,983,915 1,984,474 Custodians/ warehouse 3,679,187 3,679,187 3,870,428 Secretaries 3,045,996 3,045,996 3,117,497 Aides/Noon monitors/childcare/other 2,806,959 2,836,959 2,983,118 Substitutes/Overtime/Termination Pay/Other 1,038,345 1,038,345 1,181,244 Health Insurance 11,587,759 11,747,759 10,047,082 Retirement 24,541,575 24,881,559 28,363,106 Employer FICA 6,115,040 6,193,419 6,276,569 Workers Compensation 355, , ,568 Unemployment 87,187 87,187 87,187 Other Fringes 473, ,843 2,217,110 Utilities 3,166,204 3,166,204 3,321,044 Other Services: Mailing/Repairs/Insurance 5,200,757 5,212,757 5,217,096 Textbooks, Supplies (teaching/office/custodial/maint.) 3,138,690 3,148,690 3,462,547 Capital Outlay 152, , ,584 Tax Write-Off/Interest Expense/Capital Lease 1,322,632 1,322,632 1,242,367 Transfers to Other Funds & Other Transactions 1,499,377 1,499,377 1,524,872 Total Expenditures $ 140,431,464 $ 142,031,464 $ 146,545,065 SURPLUS (DEFICIT) $ (2,013,046) $ (2,789,046) $ (3,441,613) FUND EQUITY $ 771,960 $ 1,031,123 $ 378,556 Millage Rate: Non-Hold-Harmless Homestead Total Taxable Value: $4,087,168,371 $4,087,168,371 $4,087,168,371 Foundation Guarantee $8,099 $8,099 $8,099 Number of General Fund Students* 14,478 14,478 14,490 Number of Special Education Center Program Students *Includes increase for new program Total Students 14,911 14,911 14,889

18 SEVEN YEAR FOUNDATION GRANT HISTORY $8,700 $8,600 $8,500 $8,400 $8,300 $8,200 $8,100 $8,000 $7,900 $7,800 $7, % INCREASE 3.7% DECREASE NO CHANGE 3.2% DECREASE NO CHANGE.3% INCREASE.6% INCREASE 08/09 09/10 10/11 11/12 12/13 13/14 14/15

19 K-12 MEMBERSHIP COUNT (Blended All Funds) 20,000 19,000 18,000 17,000 16,000 15,000 14,000 13,000 12,000 11,000 10,000 TWELVE YEAR TREND

20 2014/2015 BUDGETED REVENUES OTHER 9% PROPERTY TAX 15% STATE REVENUE 76%

21 2014/2015 EXPENDITURE SUMMARY CLASSROOM INSTRUCTION $ 86,205,027 Represents costs including classroom teachers for general, special, vocational and adult education, and related classroom supplies and books. CLASSROOM SUPPORT $ 17,359,085 Support to classroom instruction, such as the library, counselors, department chairs, curriculum support, social workers, psychologists, etc. SCHOOL ADMINISTRATION $ 9,981,594 Represents the cost of principals, their secretaries, building supplies, etc. MAINTENANCE OF BUILDINGS $ 14,434,069 Represents the cost of maintaining and operating the buildings, such as custodians, maintenance and repair parts, utilities, etc. TRANSPORTATION $ 7,201,905 Represents the cost of bus drivers, aides, mechanics, maintenance of bus fleet and replacement of buses. SUPPORT SERVICES $ 7,469,036 Includes the cost for Central Office staff, Board of Education costs and other support services. OTHER $ 3,894,349 Represents the cost of other items such as general property and liability insurance, athletics, elections, community services, tax write-offs, food service, professional services, etc. TOTAL $ 146,545,065

22 2014/2015 BUDGETED EXPENDITURES By Function CLASSROOM SUPPORT 11.85% SCHOOL ADMINISTRATION 6.81% BUILDING MAINTENANCE 9.85% TRANSPORTATION 4.91% SUPPORT SERVICES 5.10% CLASSROOM INSTRUCTION 58.82% OTHER 2.66%

23 2014/2015 MAJOR AREAS OF BUDGETED EXPENDITURES PURCHASED SERVCES 5.83% SUPPLIES OTHER 4.37% EMPLOYEES BENEFITS 32.30% SALARIES 57.50%

24 ELEVEN YEAR TOTAL FUND BALANCE COMPARISON 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 FUND BALANCE AS A PERCENTAGE OF GENERAL FUND EXPENDITURES ,472,458 10,968,427 8,702,356 8,094,830 9,272,702 6,714,018 7,078,574 8,422,895 6,747,508 3,820, , % 6.9% 5.3% 5.1% 5.9% 4.5% 4.6% 5.5% 4.5% 2.7%.3%

25 DEFINITIONS GENERAL FUND BUDGET The General Fund of the Livonia Public Schools School District is established to account for the general operating expenditures and revenue of the district. The written document that reflects the revenue and expenditure plan from July 1, 2014 to June 30, The purpose of the budget is: -Allocation of public resources over time and among public purposes -Accountability to the public for the expenditure of public funds -Maintenance of financial stability of the school district Salaries Employee Benefits Purchased Services Supplies and Materials Amounts paid to employees for Livonia Public Schools who are in positions of a permanent nature or hired temporarily, including personnel substituting for those in permanent positions. Expenditures incurred for health and income protection of employees. Examples are health insurance, dental, life, optical insurance, worker s compensation, disability, unemployment compensation, etc. Amounts paid for contracted services, utilities, travel, workshops and conferences, building and maintenance services, legal fees, and other services which may be purchased by the Livonia Public Schools. Amounts paid for material items of an expendable nature that are consumed in use. Examples are paper products, books, office and teaching supplies, etc. Capital Outlay Amounts paid for equipment and major facility renovations. Transfers Fund Modifications Transfers to other funds to support Livonia Public Schools activities. An example would be the lunch fund and the athletic program.

26 SUMMARY OF OTHER FUNDS Enclosed are estimates of other funds the school district will receive and appropriate in 2014/15. Since many of the funds relate to specific grants and restricted funds, we wait from year-to-year to find out if indeed we will receive grants to run the programs, and how much we will receive. Original budgets are adopted by the Board of Education for these funds and we amend those budgets when information becomes available to us. Listed below are the other funds. SPECIAL EDUCATION FUND The fund where we record all revenues and expenditures for the County Special Education Center programs that our school district operates. DEBT RETIREMENT FUND The fund where we make our debt payments for past bond issues. Revenues are derived from property taxes, as approved by voters. BUILDING AND SITE FUNDS Funds where we pay for capital projects (building renovation and equipment), funded through either bond issues or general fund transfers. FOOD SERVICE FUND The fund where we record revenues and expenditures of running the school lunch program. HEALTH AND WELFARE FUND The fund where all expenditures for employee insurances are recorded (health, worker's compensation, etc.). The District is insured for most expenditures and thus all premiums are paid through this budget. It is funded by transfers from other budgets where the employees are funded. ATHLETIC FUND The fund where all extra-curricular athletic activity expenditures are recorded. The general fund transfers moneys to fund the program. SCHOLARSHIP FUND The fund where donations are recorded that provide scholarships to district students. LOCAL, STATE, AND FEDERALLY FUNDED PROGRAMS The fund where we record revenues and expenditures for all federal, state, and local grants that we receive (i.e. IDEA, Title I, etc.). This is shown on the financial statements as a net transfer from the general fund for its share of in-kind contributions.

27 SPECIAL EDUCATION FUND BUDGET 14/15 14/15 14/15 AS FIRST SECOND PROPOSED AMENDED AMENDED BEGINNING FUND BALANCE $ 578,085 $ 750,923 $ 750,923 REVENUES General Fund Transfer $ 851,811 $ 851,811 $ 851,811 County 11,920,511 11,920,511 11,920,511 State Foundation 3,862,091 3,862,091 3,862,091 State Categorical 431, , ,672 Total Revenue $ 17,066,085 $ 17,066,085 $ 17,066,085 EXPENDITURES Instructional $ 11,461,278 $ 11,468,943 $ 11,468,943 Support 4,281,131 4,281,367 4,281,367 Outgoing Transfers and Other 1,100,000 1,100,000 1,100,000 Total Expenditures $ 16,842,409 $ 16,850,310 $ 16,850,310 SURPLUS (DEFICIT) $ 223,676 $ 215,775 $ 215,775 FUND BALANCE $ 801,761 $ 966,698 $ 966,698 Special Education is estimated for the proposed budget until exact budget details are determined based on actual student enrollment and placements.

28 SPECIAL EDUCATION FUND EXPENDITURES BY PROGRAM 14/15 14/15 14/15 AS FIRST SECOND PROPOSED AMENDED AMENDED PROGRAM COSTS Autistic $ 4,478,055 $ 4,480,095 $ 4,480,095 Skill Center 3,877,203 3,882,228 3,882,228 Least Restrictive Environment 2,977,126 2,977,126 2,977,126 Trainable Mentally Impaired 4,074,451 4,074,343 4,074,343 Visually Impaired 1,414,898 1,415,842 1,415,842 Total Program Costs $ 16,821,733 $ 16,829,634 $ 16,829,634 INDIRECT COSTS Total Building Expenditures $ 374,964 $ 374,964 $ 374, % Reimbursable Indirect Costs (1,454,288) (1,454,288) (1,454,288) Costs in Excess of Building Expense $ (1,079,324) $ (1,079,324) $ (1,079,324) OTHER Outgoing Transfer To General Fund $ 1,100,000 $ 1,100,000 $ 1,100,000 Total Expenditures $ 16,842,409 $ 16,850,310 $ 16,850,310

29 DEBT RETIREMENT FUND 2013 BOND SERIES 1 BUDGET 14/15 14/15 14/15 AS FIRST SECOND PROPOSED AMENDED AMENDED BEGINNING FUND BALANCE $ 375,530 $ 375,530 $ 589,590 REVENUES Tax Revenues $ 10,370,040 $ 10,370,040 $ 10,450,000 Interest Income 5,000 5, Total Revenue $ 10,375,040 $ 10,375,040 $ 10,450,300 EXPENDITURES Bond Redemption $ 5,675,000 $ 5,675,000 $ 5,675,000 Bond Interest 4,560,000 4,560,000 4,560,000 Other 200, , ,300 Total Expenditures $ 10,435,300 $ 10,435,300 $ 10,435,300 SURPLUS (DEFICIT) $ (60,260) $ (60,260) $ 15,000 FUND BALANCE $ 315,270 $ 315,270 $ 604,590 NOTE: The property tax adopted for debt retirement is 2.56 mills.

30 DEBT RETIREMENT FUND 2014 REFUNDING BOND BUDGET 14/15 14/15 14/15 AS FIRST SECOND PROPOSED AMENDED AMENDED BEGINNING FUND BALANCE $ 539,553 $ 539,553 $ 931,060 REVENUES Property Tax Revenue $ 8,458,445 $ 8,458,445 $ 8,350,000 Interest Revenue $ 5,000 $ 5,000 $ 300 $ - $ - $ - $ - $ - $ - $ - $ - Total Revenue $ 8,463,445 $ 8,463,445 $ 8,350,300 EXPENDITURES Bond Redemption $ 5,035,000 $ 5,035,000 $ 5,035,000 Bond Interest $ 3,524,866 $ 3,524,866 $ 3,524,866 Other $ 200,300 $ 200,300 $ 200,300 $ - $ - $ - $ - $ - $ - Total Expenditures $ 8,760,166 $ 8,760,166 $ 8,760,166 SURPLUS (DEFICIT) $ (296,721) $ (296,721) $ (409,866) FUND BALANCE $ 242,832 $ 242,832 $ 521,194 NOTE: The property tax adopted for debt retirement is 2.04 mills.

31 2013 BOND FUND BUDGET 14/15 14/15 14/15 AS FIRST SECOND PROPOSED AMENDED AMENDED BEGINNING FUND BALANCE $ 81,151,833 $ 81,151,833 $ 81,151,833 REVENUES Interest Revenue $ 250,000 $ 250,000 $ 250,000 Total Revenue $ 250,000 $ 250,000 $ 250,000 EXPENDITURES Fees and Other Costs Capital Outlay $ 30,000,000 $ 30,000,000 $ 30,000,000 Total Expenditures $ 30,000,000 $ 30,000,000 $ 30,000,000 SURPLUS (DEFICIT) $ (29,750,000) $ (29,750,000) $ (29,750,000) FUND BALANCE $ 51,401,833 $ 51,401,833 $ 51,401,833 Capital Outlay expenditures will be amended throughout the year based on annual bond projects.

32 BUILDING & SITE TECHNOLOGY FUND BUDGET 14/15 14/15 14/15 AS FIRST SECOND PROPOSED AMENDED AMENDED BEGINNING FUND BALANCE $ 1,713,464 $ 1,713,464 $ 1,801,172 REVENUES Interest Income $ 200 $ 200 $ 200 Total Revenue $ 200 $ 200 $ 200 EXPENDITURES Technology Equipment $ 350,000 $ 350,000 $ 250,000 Transfer to General Fund $ 470,000 $ 470,000 $ 910,000 Total Expenditures $ 820,000 $ 820,000 $ 1,160,000 SURPLUS (DEFICIT) $ (819,800) $ (819,800) $ (1,159,800) FUND BALANCE $ 893,664 $ 893,664 $ 641,372 Funds to be used for technology purchases district wide.

33 SINKING FUND CAPITAL PROJECTS BUDGET 14/15 14/15 14/15 AS FIRST SECOND PROPOSED AMENDED AMENDED BEGINNING FUND BALANCE $ 4,791,804 $ 4,791,804 $ 7,445,738 REVENUES Property Taxes $ 4,541,629 $ 4,541,629 $ 4,541,629 Interest Income 3,000 3,000 3,000 Total Revenue $ 4,544,629 $ 4,544,629 $ 4,544,629 EXPENDITURES Repairs $ 4,000,000 $ 4,000,000 $ 4,000,000 Taxes written off $ 100,000 $ 100,000 $ 100,000 Total Expenditures $ 4,100,000 $ 4,100,000 $ 4,100,000 SURPLUS (DEFICIT) $ 444,629 $ 444,629 $ 444,629 FUND BALANCE $ 5,236,433 $ 5,236,433 $ 7,890,367 Current Year Projects may include; paving, cement, water mains, parking lot lights, storm sewers, play structures, gym floors, boiler repair, tunnel work, sheet metal siding, roofs, energy efficient projects, demolition, grading/drainage, and other work as needed throughout the year. NOTE: The adopted property tax levy for the sinking fund is mills.

34 2012 CAPITAL PROJECTS FUND BUDGET 14/15 14/15 14/15 AS FIRST SECOND PROPOSED AMENDED AMENDED BEGINNING FUND BALANCE $ 63,587 $ 63,587 $ 158,618 REVENUES Interest Income $ - $ - $ - Sale of Land $ - $ - Total Revenue $ - $ - $ - EXPENDITURES Capital Improvements $ 63,587 $ 63,587 $ 81,000 Transfer to General Fund $ - $ - $ 77,618 Total Expenditures $ 63,587 $ 63,587 $ 158,618 SURPLUS (DEFICIT) $ (63,587) $ (63,587) $ (158,618) FUND BALANCE $ - $ - $ - NOTE: Source of funds is the sale of property in 2012 and Funds to be used for Capital Improvements, equipment or other.

35 FOOD SERVICE FUND BUDGET 14/15 14/15 14/15 AS FIRST SECOND PROPOSED AMENDED AMENDED BEGINNING FUND BALANCE $ 526,016 $ 526,016 $ 556,179 REVENUES Local Sales $ 1,812,939 $ 1,812,939 $ 1,849,875 State Reimbursement 150, , ,305 Federal Reimbursement 2,045,828 2,045,828 2,171,313 General Fund Support Total Revenue $ 4,009,072 $ 4,009,072 $ 4,171,493 EXPENDITURES Wages & Benefits $ 1,541,463 $ 1,541,463 $ 1,545,651 Contracted Services 418, , ,366 Food Costs 1,639,842 1,639,842 1,758,730 Non-Food Cost 215, , ,622 Transfer to General Fund 200, , ,000 Total Expenditures $ 4,014,753 $ 4,014,753 $ 4,170,369 SURPLUS (DEFICIT) $ (5,681) $ (5,681) $ 1,124 FUND BALANCE $ 520,335 $ 520,335 $ 557,303

36 HEALTH & WELFARE FUND BUDGET 14/15 14/15 14/15 AS FIRST SECOND PROPOSED AMENDED AMENDED BEGINNING FUND BALANCE $ 3,030,892 $ 1,813,426 $ 4,415,516 REVENUES Employee Transfers $ 3,761,074 $ 3,761,074 $ 3,690,000 Employee Paid Premiums 40,636 40,636 28,107 Employee Voluntary Insurance 297, , ,000 Other Fund Transfers 3,716,661 3,716,661 3,316,702 General Fund Transfers 12,159,069 12,159,069 11,988,069 Total Revenue $ 19,975,040 $ 19,975,040 $ 19,382,878 EXPENDITURES Claims $ 385,882 $ 385,882 $ 385,882 Premiums 20,280,024 20,280,024 19,922,000 Administrative Fees 229, , ,000 Voluntary Insurance 297, , ,000 Total Expenditures $ 21,192,506 $ 21,192,506 $ 20,826,882 SURPLUS (DEFICIT) $ (1,217,466) $ (1,217,466) $ (1,444,004) FUND BALANCE $ 1,813,426 $ 595,960 $ 2,971,512 The Health and Welfare Fund is used to record the costs of claims, fees and premiums for employee benefit costs.

37 ATHLETIC FUND BUDGET 14/15 14/15 14/15 AS FIRST SECOND PROPOSED AMENDED AMENDED BEGINNING FUND BALANCE $ - $ - $ - REVENUES Student Fees $ 614,440 $ 614,440 $ 614,440 Gate Receipts 220, , ,041 General Fund Transfers 688, , ,872 Total Revenue $ 1,523,071 $ 1,523,071 $ 1,525,353 EXPENDITURES Coaches/Director/Stipends $ 618,251 $ 618,251 $ 618,926 Contracted Services 706, , ,327 Supplies/Equipment/Misc. 198, , ,100 Total Expenditures $ 1,523,071 $ 1,523,071 $ 1,525,353 SURPLUS (DEFICIT) $ - $ - $ - FUND BALANCE $ - $ - $ -

38 SCHOLARSHIP FUND BUDGET 14/15 14/15 14/15 AS FIRST SECOND PROPOSED AMENDED AMENDED BEGINNING FUND BALANCE $ 40,664 $ 40,664 $ 41,638 REVENUES Donations $ 500 $ 500 $ 500 Interest Income Total Revenue $ 500 $ 500 $ 500 EXPENDITURES Scholarships $ 4,000 $ 4,000 $ 4,000 Total Expenditures $ 4,000 $ 4,000 $ 4,000 SURPLUS (DEFICIT) $ (3,500) $ (3,500) $ (3,500) FUND BALANCE $ 37,164 $ 37,164 $ 38,138

39 FUNDED PROJECTS FUND BUDGET 14/15 14/15 14/15 AS FIRST SECOND PROPOSED AMENDED AMENDED BEGINNING FUND BALANCE $ - $ - $ - REVENUES Local 57, , ,795 State 505, , ,795 Federal 6,848,792 6,218,698 6,868,069 Total Revenue $ 7,411,665 $ 6,973,663 $ 7,694,659 EXPENDITURES Instructional 4,826,290 $ 5,375,135 $ 4,858,704 Support 2,447,123 1,460,590 2,697,510 Community Service 68,967 48,006 69,160 Outgoing Transfers and Other 69,285 89,932 69,285 Total Expenditures $ 7,411,665 $ 6,973,663 $ 7,694,659 SURPLUS (DEFICIT) $ - $ - $ - FUND BALANCE $ - $ - $ -

40 REVENUE EXPENSE TRANSFER LOCAL SOURCES Business Partnerships $ 28,717 $ 28,717 $ - City of Livonia $ 4,821 $ 4,821 $ - Community Foundation of Southeast Michigan $ 903 $ 903 $ - Cagwin Insurance $ 649 $ 649 $ - Grand Valley State University $ 23,000 $ 23,000 $ - LPS Foundation $ 3,646 $ 3,646 $ - Wayne RESA $ 45,349 $ 45,349 $ - Total Local Sources $ 107,085 $ 107,085 $ - STATE SOURCES Section 22i Technology Infrastructure $ 151,229 $ 151,229 $ - Section 99h FIRST Robotics $ 2,146 $ 2,146 $ - Section 32d Great School Readiness $ 467,489 $ 467,489 $ - Michigan Merit Curriculm Grant $ 21,225 $ 21,225 $ - MDE Mini-Grant $ 5,791 $ 5,791 $ - Total State Sources $ 647,880 $ 647,880 $ - FEDERAL SOURCES Title I $ 1,021,168 $ 1,021,168 $ - Title II Part A $ 313,290 $ 313,290 $ - Title III Limited English $ 39,027 $ 39,027 $ - Vocational Perkins $ 232,623 $ 232,623 $ - IDEA Flow-Through $ 3,279,523 $ 3,279,523 $ - IDEA Preschool Incentive $ 187,331 $ 187,331 $ - IDEA Low-Incidence Center Program Expansion $ 616,338 $ 616,338 $ - ABE Family Literacy $ 140,000 $ 140,000 $ - ABE English/Civics Literacy $ 10,000 $ 10,000 $ - Physical Education Program (PEP) $ 379,398 $ 379,398 $ - Total Federal Sources $ 6,218,698 $ 6,218,698 $ - Total Grants $ 6,973,663 $ 6,973,663 $ - Funded Indirect Costs $ (85,880) $ 85,880 Net General Fund Transfer from Funded Projects $ 6,973,663 $ 6,887,783 $ 85,880