CWC LA - Cash Balance (September 2012)

Transcription

1 CWC LA - Cash Balance (September 2012) 1,200,000 Cash Balance 1,000, ,000 ($1,000s) 600, , ,000 - (200,000) Actuals and Projected Cash Budgeted Cash 1

2 CWC Hollywood - Financial Dashboard (September 2012) ($1,000s) Cash Balance Income Statement Actual YTD YTD Budget YTD B/(W) Forecast % of Full Year Budget % of Principal Apportionment 145,293 60,911 84,382 1,182,098 52% 1,181,030 52% 1,068 Federal Revenue 8,795 9,094 (299) 130,564 6% 125,070 5% 5,494 State Revenue 39,480 26,801 12, ,005 15% 368,089 16% (19,084) Other Local Revenue 40,111 13,416 26, ,729 11% 242,563 11% 9,166 Grants/Fundraising 16,226 8,071 8, ,209 16% 360,200 16% 9 TOTAL REVENUE 249, , ,612 2,273, % 2,276, % (3,346) Salaries & Benefits 258, ,649 34,029 1,477,917 65% 1,480,075 66% 2,158 Student Supplies 12,074 55,472 43, ,315 7% 176,882 8% 16,566 Operating Expenses 49,188 25,762 (23,427) 417,624 18% 423,152 19% 5,528 Other (5,962) 42,144 48, ,146 9% 179,427 8% (35,719) B/(W) Actual and Projected Cash Budget (Approved) TOTAL EXPENSES 313, , ,106 2,271, % 2,259, % (11,465) Income/(Loss) (64,016) (297,734) 233,718 2,604 17,415 (14,811) Y/E CASH BALANCE Projected Budget Better / (Worse) Revenue / ADA Cost / ADA $ 48,132 $ 5,174 $ 42,958 Projected 9,007 Projected 8,997 ($1,000s) FY NET INCOME/ (LOSS) Income From Operations Actual Income Act & Proj Income Budget (Approved) Projected Budget Better / (Worse) $ 2,604 $ 17,415 $ (14,811) ADA Budget 8,984 Budget 8,915 Better / (Worse) 23 Better / (Worse) (81) STATE BUDGET UPDATE As Campaigns described for Proposition in previous 30 state and Proposition budget updates, 38, two the tax FY increase 20 measures state that budget would includes provide public automatic education trigger funding, cuts have to K-12 heated up general over the last purpose several funding weeks. of 8.4% if voters reject Proposition 30, a November ballot measure that would temporarily increase sales tax by a quarter cent and personal income tax for those making $250,000 or more. The latest polling data shows Proposition Proposition 30, which 30 is sponsored leading by a Governor narrow Brown, margin. would A poll increase by the state Public personal Policy income Institute tax rates of on California Californians (PPIC) earning released $250,000 on or more for seven years by 1% for those making between $250,000 and $300,000, $2% for those making $300,000 to $500,000, and 3% for September 19, 2012 shows only 52% of likely voters would vote to approve Proposition 30. The Field Poll, released the those making more than $500,000. The measure would also increase sales tax by ¼ cent for four years. The measure is projected to raise following day, shows only 51% of likely voters support the measure. approximately $6 billion annually. Should the measure fail, school and community college funding would be cut by $5.4 billion. Both polls show a competing initiative, Proposition 38, losing by a significant margin. Proposition 38 would increase Proposition income tax 38, rates which for is most sponsored Californians by Molly Munger for a 12-year and the period Advancement to support Project, education. would increase The PPIC state personal poll found income that tax voters rates were on evenly most Californians split on Proposition for twelve years. 38 with For the 45% lowest in favor earners and (those 45% making against. over The $7,316/year), Field Poll the shows increase 41% would of likely be.4 percentage voters in support and points. 45% For in those opposition. making $2.5 million or more, the increase would be 2.2 percentage points. The measure is projected to raise about $10 billion annually, 30% of which would go to pay down the state bond debt for the first four years. While Proposition 30 continues to outpoll Proposition 38, some analysts suggest that Proposition 38 could still undermine Both propositions Proposition continue 30. to struggle The Field to gain Poll traction shows with that voters, while with 35% recent of likely polls showing voters support voter approval both tax of Proposition measures, 307% at just of likely over 50% voters and support Proposition Proposition 38 at the low 38 and to mid are 40s opposed range. The to or polling undecided also indicates about that Proposition the measures 30. are competing with each other for votes and television ads by the Proposition 38 campaign have underscored that dynamic. In early October, Molly Munger launched a multimillion dollar ad campaign against Proposition 30, but later stopped airing the controversial ad after proponents of her own initiative, According to the PPIC poll, while voter support for Proposition 30 is lukewarm, 75% of voters oppose the reductions to including the California PTA and the state Superintendent of Public Instruction, asked her to remove the ad. K-12 schools that Proposition 30 s failure would trigger. To help reduce voter confusion, EdSource, a non profit, non partisan research organization issued an infographic on the two measures available The Field atpoll has a margin of As error the piece of plus points or out, minus voters 3.4 have percentage the choice points of voting and for the one PPIC initiative poll or has both. a margin Should of both error pass, of the plus one with or minus the most 3.5 votes percentage will become points. law. However, if some voters vote for Prop. 30 and others vote for Prop. 38, the impact will be to divide the majority of voters who polls show support a tax increase on behalf of schools, drastically reducing the chances that either ExED initiative will continue pass. to monitor the tax initiatives and other state budget developments and provide updates. 200 Balance Sheet Analysis Prior Month Current Month Comment 150 Cash 261, ,956 Accounts Receivable 120,973 25, Due from Others 0 0 Accounts Payable (Including Payroll) 1,990 23,539 Due to Others 5,859 9, Available Line of Credit 0 0 Debt Cash Ratio (Cash/CL) > 1 is good Quick Ratio ((Cash+AR)/CL) > 1 is good Debt-Equity Ratio - - < 1 is good Actual ADA Budget ADA Debt Service Coverage Ratio (DSCR) N/A N/A > 1.1 is good Average ADA Average ADA Lease Payment Coverage Ratio > 1.35 is good Actuals As of Interest Coverage Ratio N/A N/A > 1.5 is good Month 1 Budget Better / (Worse) Forecast Days Cash on Hand > 45 is good Enrollment ADA Average ADA ADA % 98.1% 96.0% 0.5% 96.5% P-1 ADA N/A P-2 ADA N/A 2

3 CWC Silverlake - Financial Dashboard (September 2012) ($1,000s) Cash Balance Income Statement Actual YTD YTD Budget YTD B/(W) Forecast % of Full Year Budget % of Principal Apportionment 356,283 87, ,608 1,130,008 53% 1,699,968 53% (569,960) Federal Revenue - 13,089 (13,089) 124,041 6% 190,248 6% (66,207) State Revenue 76,778 38,578 38, ,624 21% 562,154 17% (114,530) Other Local Revenue 0 20,551 (20,551) 32,918 2% 189,286 6% (156,368) Grants/Fundraising - 14,226 (14,226) 381,000 18% 576,000 18% (195,000) TOTAL REVENUE 433, , ,943 2,115, % 3,217, % (1,102,065) Salaries & Benefits 232, , ,794 1,260,916 61% 1,873,557 61% 612,641 Student Supplies 70,229 79,141 8, ,355 10% 339,284 11% 133,930 Operating Expenses 29, , , ,581 19% 574,224 19% 185,643 Other 9,152 62,341 53, ,898 10% 264,943 9% 54,045 B/(W) Actual and Projected Cash Budget (Approved) TOTAL EXPENSES 341, , ,084 2,065, % 3,052, % 986,259 Income/(Loss) 91,632 (474,395) 566,027 49, ,648 (115,806) Y/E CASH BALANCE Projected Budget Better / (Worse) Revenue / ADA Cost / ADA $ (99,519) $ (126,769) $ 27,250 Projected 8,775 Projected 8, Income From Operations Budget 8,820 Budget 8,366 Better / (Worse) (46) Better / (Worse) (202) STATE BUDGET UPDATE ($1,000s) As Campaigns described for Proposition in previous 30 state and Proposition budget updates, 38, two tax the increase FY measures state that budget would includes provide public automatic education trigger funding, cuts have to heated K 12 up general over the last purpose several funding weeks. of 8.4% if voters reject Proposition 30, a November ballot measure that would temporarily increase sales tax by a quarter cent and personal income tax for those making $250,000 or more. The latest polling Proposition 30, which is sponsored by Governor Brown, would increase state personal income tax rates on Californians earning $250,000 data or more shows for seven Proposition years by 1% 30 for leading those making by a narrow between margin. $250,000 A poll and $300,000, by the Public $2% for Policy those Institute making $300,000 of California to $500,000, (PPIC) and released 3% for on those September making more 19, than 2012 $500,000. shows only The measure 52% of would likely also voters increase would sales vote tax to by approve ¼ cent for Proposition four years. The 30. measure The Field is projected Poll, released to raise the approximately following $6 day, billion shows annually. only Should 51% of the likely measure voters fail, support school and the community measure. college funding would be cut by $5.4 billion. Both polls show a competing initiative, Proposition 38, losing by a significant margin. Proposition 38 would increase income Proposition tax 38, rates which for is most sponsored Californians by Molly Munger for a 12 year and the period Advancement to support Project, education. would increase The state PPIC personal poll found income that tax voters rates on were most Californians for twelve years. For the lowest earners (those making over $7,316/year), the increase would be.4 percentage evenly split on Proposition 38 with 45% in favor and 45% against. The Field Poll shows 41% of likely voters in support points. For those making $2.5 million or more, the increase would be 2.2 percentage points. The measure is projected to raise about $10 and billion 45% annually, in opposition. 30% of which would go to pay down the state bond debt for the first four years. FY NET INCOME/ (LOSS) Act & Proj Income Budget (Approved) Projected Budget Better / (Worse) $ 49,842 $ 165,648 $ (115,806) ADA While Both propositions Proposition continue 30 continues to struggle to to outpoll gain traction Proposition with voters, 38, with some recent analysts polls showing suggest voter that approval Proposition of Proposition 38 could 30 still at just over undermine 50% and Proposition 38 at the 30. low The to Field mid 40s Poll range. shows The that polling while also 35% indicates of likely that the voters measures support are competing both tax measures, with each other 7% of for likely votes voters and television support ads Proposition by the Proposition 38 and 38 are campaign opposed have to underscored undecided that dynamic. about Proposition In early October, 30. Molly Munger launched a multimillion dollar ad campaign against Proposition 30, but later stopped airing the controversial ad after proponents of her own initiative, including the California PTA and the state Superintendent of Public Instruction, asked her to remove the ad. According to the PPIC poll, while voter support for Proposition 30 is lukewarm, 75% of voters oppose the reductions to K 12 To help schools reduce that voter Proposition confusion, EdSource, 30 s failure a non profit, would non partisan trigger. research organization issued an infographic on the two measures available at As the piece points out, voters have the choice of voting for one initiative or both. Should both pass, the The one with Field the Poll most has votes a margin will become of error law. of However, plus or minus if some 3.4 voters percentage vote for Prop. points 30 and others PPIC vote poll for Prop. has a 38, margin the impact of error will be of to plus divide or the minus majority 3.5 of percentage voters who polls points. show support a tax increase on behalf of schools, drastically reducing the chances that either initiative will pass. ExED will continue to monitor the tax initiatives and other state budget developments and provide updates. 250 Prior Current Balance Sheet Analysis Month Month Comment 200 Cash 127, ,607 Accounts Receivable Due from Others 0 0 Accounts Payable (Including Payroll) 1,408 12, Due to Others 1,027 9, Available Line of Credit 0 0 Debt 227, ,500 0 Cash Ratio (Cash/CL) > 1 is good Quick Ratio ((Cash+AR)/CL) > 1 is good Debt-Equity Ratio (2) to 1 is good Actual ADA Budget ADA Average ADA Debt Service Coverage Ratio (DSCR) N/A N/A > 1.1 is good Lease Payment Coverage Ratio N/A 1.28 > 1.35 is good Actuals As of Interest Coverage Ratio N/A N/A > 1.5 is good Month 1 Budget Better / (Worse) Forecast Days Cash on Hand > 45 is good Enrollment (130) 254 ADA Average ADA (124) 241 ADA % 96.8% 95.0% 1.8% 96.8% P-1 ADA N/A P-2 ADA N/A 3

4 Citizens of the World Charter Schools - Los Angeles Forecast (September) vs. Budget vs. Prior Month Forecast by School FY Forecast (Current Month) FY Budget FY Variance to Budget (Better/(Worse) FY Prior Month Forecast FY Variance to Prior Month (Better/(Worse) RSO HW SL RSO HW SL RSO HW SL RSO HW SL RSO HW SL Enrollment (130) (130) ADA (1) (124) (125) (1) 9 8 REVENUE Revenue Limit Sources 8015 Charter School General Purpose State Aid $ $ 838,737 $ 801,777 $ 1,640,514 $ $ 842,637 $ 1,212,887 $ 2,055,524 $ $ (3,900) $ (411,110) $ (415,010) $ $ 842,115 $ 773,368 $ 1,615,483 $ $ (3,378) $ 28,409 $ 25, Charter Schools General Purpose Prior Year 8096 In lieu of Property Taxes 343, , , , , ,474 4,968 (158,850) (153,882) 344, , ,345 (1,383) 11,630 10, Revenue Limit Sources 1,182,098 1,130,008 2,312,106 1,181,030 1,699,968 2,880,998 1,068 (569,960) (568,892) 1,186,860 1,089,968 2,276,828 (4,761) 40,040 35, Other Federal Income 8181 Special Education IDEA 47,516 45,422 92,938 50,521 72, ,240 (3,005) (27,297) (30,301) 47,708 43,813 91,520 (191) 1,609 1, Child Nutrition (Federal) 45,611 42,602 88,212 44,370 47,564 91,934 1,240 (4,962) (3,721) 45,870 31,340 77,210 (259) 11,261 11, Title I, A, Basic Low Income 23,756 29,158 52,914 20,486 59,597 80,083 3,270 (30,438) (27,169) 9,585 38,024 47,609 14,171 (8,866) 5, Title II, A Teacher Quality 7,128 6,858 13,986 7,128 10,368 17,496 (3,510) (3,510) 7,128 6,615 13, Title II, D EETT 8294 Title III, Limited English (LEP) 2,565 2,565 2,565 2,565 2,565 2, Title V, A Innovative Education 8296 Title V, B Charter Schools Grants 3,989 3,989 3,989 3,989 3,989 3, Other Federal Income Other Federal Income 130, , , , , ,318 5,494 (66,207) (60,713) 116, , ,637 13,720 4,248 17, Other State Income 8311 Special Ed AB , , , , , ,216 (7,271) (78,936) (86,208) 142, , ,782 (570) 4,797 4, Supplemental Hours 8434 Class Size Reduction (K 3) 8520 Child Nutrition (State) 3,424 3,211 6,635 3,443 4,046 7,489 (19) (834) (854) 3,443 2,581 6,024 (19) State Lottery Revenue 35,465 33,903 69,368 35,608 51,254 86,863 (143) (17,352) (17,495) 35,608 32,701 68,310 (143) 1,201 1, Charter Sch Categorical Blk Gr 133, , , , , ,658 (14,029) (73,068) (87,097) 134, , ,162 (407) 4,806 4, SB , ,845 37,500 37,500 71,345 71, , , Art and Music Block Grant 8595 Secondary School Counselors 8599 Other State Revenue 34,566 30,645 65,211 32,187 46,330 78,516 2,379 (15,685) (13,305) 34,675 29,559 64,234 (109) 1, Other State Income 349, , , , , ,242 (19,084) (114,530) (133,614) 350, , ,512 (1,249) 121, , Other Income Local 8634 Food Service Sales 35,894 32,918 68,812 37,357 49,766 87,124 (1,463) (16,848) (18,311) 37,357 31,752 69,109 (1,463) 1,166 (297) 8660 Interest Income 2,744 3,950 6,694 (2,744) (3,950) (6,694) 8690 All Other Income (afterschool, summer school, Enrichment) 205, , , , ,032 3,009 (135,570) (132,561) 205, , Grants 8699 Fundraising 360, , , , , ,200 9 (195,000) (194,991) 360, , , ,738 13, Prior Year Adjustments 10,365 10,365 10,365 10,365 1,264 1,264 9,101 9, Other Income Local 611, ,918 1,025, , ,286 1,368,050 9,175 (351,368) (342,193) 604, ,014 1,003,139 7,813 14,904 22,718 TOTAL REVENUE 2,273,606 2,115,591 4,389,197 2,276,952 3,217,656 5,494,608 (3,346) (1,102,065) (1,105,411) 2,258,082 1,935,033 4,193,116 15, , ,081 EXPENSE 1000 Certificated Salaries 1110 Teachers Salaries 705, ,457 1,340, , ,000 1,583,628 (1,476) 244, ,068 51, , ,295 1,359,857 51,060 (1,602) (30,162) 19, Teachers Subs 21,450 3,000 24,450 21,450 21,450 (3,000) (3,000) 21,450 21,450 (3,000) (3,000) 1175 Teachers Extra Duty/Stipend 5,500 2,750 8,250 5,500 5,500 (2,750) (2,750) 8,000 2,898 10,898 2, , Certificated Pupil Support 1300 Certificated School Administrators 99, , , , ,700 90,850 90, ,550 37,917 (23,772) (92,415) (78,271) 114,750 95, , ,590 14,967 (18,775) (62,423) (66,232) 1900 Other Certificated 65,000 65,000 65,000 65, Certificated Salaries 99, , ,622 1,770, , ,428 1,035,000 1,994,128 37,917 (25,248) 211, , , , ,185 1,722,794 66,027 (17,877) (95,437) (47,287) 2000 Classified Salaries 2100 Instructional Aides 234, , , , , ,448 (6,476) 110, , , , ,735 24,996 13,888 38, Classified Support (maintenance, food) 2,720 3,131 5,851 3,975 7,000 10,975 1,255 3,869 5,124 4,630 3,500 8,130 1, , Classified School Administrators 2400 Clerical/Technical/Office 31,212 75,986 40, ,120 73,950 65,872 64, ,322 42,738 (10,114) 23,578 56,202 34,680 74,611 38, ,991 3,468 (1,375) (2,222) (129) 2900 Other Classified (noon and yard supervisors, etc) 93,429 1,863 95, , , ,986 20, , ,694 95,183 95,183 1,754 (1,863) (109) 2000 Classified Salaries 31, , , ,115 73, , ,020 1,001,732 42,738 5, , ,617 34, , , ,039 3,468 27,284 10,172 40,925 4

5 Citizens of the World Charter Schools - Los Angeles Forecast (September) vs. Budget vs. Prior Month Forecast by School FY Forecast (Current Month) FY Budget FY Variance to Budget (Better/(Worse) FY Prior Month Forecast FY Variance to Prior Month (Better/(Worse) RSO HW SL RSO HW SL RSO HW SL RSO HW SL RSO HW SL 3000 Employee Benefits 3111 STRS 8,232 69,740 68, ,009 11,360 67,768 85, ,516 3,128 (1,972) 17,350 18,506 13,679 68,528 60, ,317 5,447 (1,212) (7,928) (3,693) 3212 PERS 3311 Social Security (OASDI) 1,935 24,552 16,885 43,373 4,585 25,529 31,993 62,107 2, ,108 18,735 2,150 26,908 16,607 45, ,355 (278) 2, Medicare 1,899 18,199 15,695 35,794 3,069 17,881 22,490 43,440 1,169 (318) 6,795 7,646 2,907 18,337 14,449 35,693 1, (1,246) (101) 3401 H & W Payment (medical, dental, vision insurance) 2,250 93,344 61, ,301 8,376 97, , ,440 6,126 4,135 72,878 83,139 4,524 94,900 55, ,573 2,274 1,556 (6,558) (2,727) 3501 SUI Payment Account 1,441 13,806 11,907 27,154 2,328 13,565 17,061 32, (241) 5,155 5,800 2,205 13,911 10,961 27, (946) (77) 3601 Wkr Comp Payment Account 15,064 5,380 5,380 25,824 4,233 24,664 31,020 59,917 (10,831) 19,284 25,640 34,094 12,814 12,814 25,628 (15,064) 7,435 7,434 (196) B 2,219 2,219 2,219 2,219 1,040 1,040 1,040 1, Other Benefits 3000 Employee Benefits 30, , , ,454 36, , , ,593 5,348 21, , ,139 26, , , ,994 (4,315) 10,376 (9,521) (3,460) 4000 Supplies 4110 Textbooks 22,440 36,750 59,190 29,387 48,000 77,387 6,947 11,250 18,197 22,440 30,625 53,065 (6,125) (6,125) 4210 Other Books and Reference Materials ,216 26,088 2,305 11,520 13,825 1,433 (13,696) (12,263) 1,807 24,114 25, (1,102) (167) 4310 Instructional Materials 26,491 30,990 57,481 26,111 71,040 97,151 (381) 40,050 39,669 26,491 45,325 71,816 14,335 14, Office Supplies 2,000 12,323 10,668 24,991 2,000 12,677 34,560 49, ,892 24,246 2,000 12,323 10,290 24,613 (378) (378) 4370 Custodial Supplies 3, ,000 5, ,000 5,584 (3,000) 28 3, , ,000 5, Other Supplies 15,241 15,000 30,241 12,986 20,000 32,986 (2,255) 5,000 2,745 15,241 15,000 30, Noncapitalized Furniture/Equipment 5,000 12,036 17,036 15,000 26,200 41,200 10,000 14,164 24,164 5,000 11,000 16,000 (1,036) (1,036) 4700 Food Supplies 77,392 72, ,087 77, , , ,270 50,709 77,832 78, , ,759 6, Food for School Lunch Program 4790 Food Supplies 4000 Supplies 5, , , ,670 2, , , ,166 (3,000) 16, , ,496 5, , , ,498 1,374 11,453 12, Operating Services 5200 Travel and Conferences 1,500 3,500 5,000 1,500 3,500 5,000 10,000 5,000 5,000 1,500 3,500 5, Dues and Fees 4,450 6,250 10,700 6,874 19,412 26,286 2,424 13,162 15,586 4,450 6,250 10, Insurance (property, student accident, board) 16,905 6,039 6,039 28,982 15,719 13,440 29,159 (16,905) 9,680 7, ,973 14,588 14,588 56,150 10,068 8,550 8,550 27, Utilities and Housekeeping 86, ,000 88,002 14,000 14,000 (86,861) (141) 13,000 (74,002) 86, ,000 88, Building Rent 104, , ,452 76, , ,508 (27,390) 9,446 (17,944) 65, , , ,167 65,558 7,284 (80,127) (7,285) 5620 Equipment Rental 5,184 6,000 11,184 5,306 6,000 11, ,184 6,000 11, Vendor Repairs 3,135 3,000 6,135 3,135 10,000 13,135 7,000 7,000 3,135 6,000 9,135 3,000 3, Pupil Transportation General 4,700 5,000 9,700 4,700 9,000 13,700 4,000 4,000 4,700 5,000 9, Legal/Audit 14,000 3,600 13,500 31,100 14,000 6,000 13,500 33,500 2,400 2,400 13,837 3,600 13,500 30,937 (163) (163) 5830 Advertisement/Recruitment 1,765 5,000 6,765 1,869 5,000 6, ,765 5,000 6, Non Instructional Consultants 2,500 18,662 5,000 26,162 10,000 18,546 49,000 77,546 7,500 (116) 44,000 51,384 2,500 18,662 5,000 26, Instructional Consultants 164,592 53, , ,728 85, ,848 20,136 32,020 52, ,592 51, ,892 (38,000) (1,800) (39,800) 5853 ExED 112,166 4,414 6, , , ,000 17,834 (4,414) (6,420) 7, ,166 4,414 6, , Other Services & Operating Expe 6,560 10,000 16,560 2,845 10,000 12,845 (3,715) (3,715) 6,560 10,000 16, Factoring Fees 5896 Fair Share Special Education Cost 75,656 72, ,978 79, , ,582 4,111 42,493 46,604 75,961 69, , (2,563) (2,258) 5897 Fundraising Cost 5,093 7,620 12,713 5,000 20,160 25,160 (93) 12,540 12,447 5,043 7,350 12,393 (50) (270) (320) 5900 Communications (tele, internet, postage) 6,013 8,000 14,013 8,432 10,000 18,432 2,419 2,000 4,419 6,013 8,000 14, Telephone/Internet Expense 5920 Internet Expense 5930 Postage (UPS, Fedex, US Mail) 5000 Operating Services 233, , ,581 1,040, , , ,224 1,152,876 (78,432) 5, , , , , ,371 1,020,480 75,464 (21,911) (73,209) (19,657) 6000 Capital Outlay 6900 Depreciation ,336 1,007 5,667 6, ,125 5, ,007 1, (542) Capital Outlay ,336 1,007 5,667 6, ,125 5, ,007 1, (542) Other Outgo 7299 District Oversight Fee 14,036 9,923 23,959 13,290 19,087 32,377 (746) 9,163 8,417 14,559 12,208 26, ,285 2, INDIRECT COSTS (Transferred to Central Admin) (400,749) 200, ,433 (405,320) 165, ,189 (4,571) (35,186) 39,756 (542,059) 270, ,088 (141,310) 70,655 70, Debt Service Interest 7000 Other Outgo (400,749) 214, ,356 23,959 (405,320) 178, ,276 32,377 (4,571) (35,932) 48,920 8,417 (542,059) 285, ,296 26,767 (141,310) 71,178 72,940 2,807 TOTAL EXPENSES 2,271,002 2,065,749 4,336,751 2,259,537 3,052,008 5,311,545 (11,465) 986, ,794 2,341,640 1,981,605 4,323,245 70,638 (84,144) (13,506) NET INCOME 2,604 49,842 52,446 17, , ,063 (14,811) (115,806) (130,618) (83,558) (46,572) (130,130) 86,162 96, ,575 5

6 Citizens of the World Charter Schools - Los Angeles Forecast (September) vs. Budget vs. Prior Month Forecast by School FY Forecast (Current Month) FY Budget FY Variance to Budget (Better/(Worse) FY Prior Month Forecast FY Variance to Prior Month (Better/(Worse) RSO HW SL RSO HW SL RSO HW SL RSO HW SL RSO HW SL Beginning Cash Balance 200,238 9, ,401 90,428 90, ,810 9, , ,238 9, ,401 Cash Flow from Operating Activities Net Income 2,604 49,842 52,446 17, , ,063 (14,811) (115,806) (130,618) (83,558) (46,572) (130,130) 86,162 96, ,575 Change in Accounts Receivable Prior Year Accounts Receivable 336, , , ,445 (61,314) (61,314) 336, ,131 Current Year Accounts Receivable (526,297) (570,108) (1,096,405) (518,465) (735,892) (1,254,357) (7,832) 165, ,952 (505,140) (522,286) (1,027,426) (21,157) (47,822) (68,979) Change in Due from (16,250) (16,250) (16,250) (16,250) (39,667) (39,667) (79,333) (16,250) 39,667 39,667 63,083 Change in Accounts Payable 16,250 34,184 25,443 75,878 17,344 67,808 85,152 16,250 16,840 (42,365) (9,275) 18,745 23,506 42,251 16,250 15,439 1,937 33,626 Change in Due to 4,998 9,152 14,150 4,998 9,152 14,150 79,333 79,333 (79,333) 4,998 9,152 (65,184) Summer Savings Program (5,000) (5,000) (5,000) (5,000) (5,000) (5,000) Change in Payroll Liaibilities 421 2,624 3, ,624 3,045 (897) 1, ,317 1,216 2,533 Prepaid Expenditures 60 (13,677) (13,617) 60 (13,677) (13,617) 7,620 (7,284) 335 (7,560) (6,392) (13,952) Deferred Revenue Depreciation Expense ,336 1,007 5,667 6,674 (213) (5,125) (5,338) 667 1,007 1,674 (667) (213) 542 (338) Cash Flow from Investing Activities Capital Expenditures (65,000) (65,000) (80,000) (80,000) 15,000 15,000 (80,000) (80,000) 80,000 (65,000) 15,000 Cash Flow from Financing Activities Source 452, , , ,000 2,500 2, , ,000 2,500 2,500 Use Ending Cash Balance 0 48,132 (99,519) (51,387) 5,174 (126,769) (121,595) 0 42,958 27,250 70,208 (70,520) (131,731) (202,251) 0 118,652 32, ,864 5% of Expenses Reserve Target 113, , , , , , ,082 99, ,162 6

7 CITIZENS OF THE WORLD LOS ANGELES - REGIONAL SUPPORT OFFICE CASH FLOW FORECAST BUDGET FORECAST Budget % Change Enrollment 648 Enter Apportionment Schedule Scenario i P-2 P-2 P-2 P-2 P-2 P-2 P-2 P-1 P-1 P-1 P-1 P SSC Planning Apportionment 0% 0% 12% 0% 9% 9% 25% /26 2/39 64/83 6% 12% 8% 8% 8% 8% 8% 1/3 1/6 1/6 1/6 1/6 # of school days # of pay period days INCOME Revenue Limit Sources ## 8015 Charter School General Purpose - State Aid % ## 8019 Charter Schools General Purpose - Prior Year % ## 8096 In lieu of Property Taxes % Revenue Limit Sources % Other Federal Income % ## 8181 Special Education - IDEA % ## 8220 Child Nutrition (Federal) % ## 8291 Title I, A, Basic Low Income % ## 8292 Title II, A Teacher Quality % ## 8293 Title II, D EETT % ## 8294 Title III, Limited English (LEP) % ## 8295 Title V, A Innovative Education % ## 8296 Title V, B Charter Schools Grants % ## 8297 Other Federal Income % Other Federal Income % Other State Income % ## 8311 Special Ed - AB % ## 8312 Supplemental Hours % ## 8434 Class Size Reduction (K-3) % ## 8520 Child Nutrition (State) % ## 8560 State Lottery Revenue % ## 8590 Charter Sch Categorical Blk Gr % ## 8591 SB % ## 8593 Art and Music Block Grant % ## 8595 Secondary School Counselors % ## 8599 Other State Revenue % Other State Income % Other Income-Local % ## 8634 Food Service Sales % ## 8660 Interest Income % ## 8690 All Other Income (afterschool, summer school, Enrichme % ## 8698 Grants % ## 8699 Fundraising % ## 8999 Prior Year Adjustments % Other Income-Local % TOTAL INCOME % EXPENSE % 1000 Certificated Salaries % ## 1110 Teachers Salaries % ## 1170 Teachers Subs % ## 1175 Teachers - Extra Duty/Stipend % ## 1200 Certificated Pupil Support % ## 1300 Certificated School Administrators 137, ,417 14,042 11,475 11,475 11,475 11,475 11,475 11,475 11,475 99,783 (37,917) -28% ## 1900 Other Certificated % 1000 Certificated Salaries 137, ,417 14,042 11,475 11,475 11,475 11,475 11,475 11,475 11,475-99,783 (37,917) -28% 2000 Classified Salaries - - 0% ## 2100 Instructional Aides % ## 2200 Classified Support (maintenance, food) % ## 2300 Classified School Administrators % ## 2400 Clerical/Technical/Office 73, ,468 3,468 3,468 3,468 3,468 3,468 3,468 3,468 3,468 31,212 (42,738) -58% ## 2900 Other Classified (noon and yard supervisors, etc) % 2000 Classified Salaries 73, ,468 3,468 3,468 3,468 3,468 3,468 3,468 3,468 3,468-31,212 (42,738) -58% 3000 Employee Benefits - - 0% ## 3111 STRS 11, , ,232 (3,128) -28% ## 3212 PERS % ## 3311 Social Security (OASDI) 4, ,935 (2,650) -58% ## 3331 Medicare 3, ,899 (1,169) -38% 7

8 CITIZENS OF THE WORLD LOS ANGELES - REGIONAL SUPPORT OFFICE CASH FLOW FORECAST BUDGET FORECAST Budget % Change ## 3401 H & W Payment (medical, dental, vision insurance) 8, ,250 (6,126) -73% ## 3501 SUI Payment Account 2, ,441 (887) -38% ## 3601 Wkr Comp Payment Account 4, ,152 2,152 2,152 2,152 2,152 2,152 2,152 15,064 10, % ## B 2, (2,219) -100% ## 3902 Other Benefits % 3000 Employee Benefits 36, ,152 3,290 4,222 3,945 3,945 3,945 3,945 1,793 1,793 1,793-30,822 (5,348) -15% 4000 Supplies - - 0% ## 4110 Textbooks % ## 4210 Other Books and Reference Materials % ## 4310 Instructional Materials % ## 4350 Office Supplies 2, ,000-0% ## 4370 Custodial Supplies ,000 3,000 0% ## 4390 Other Supplies % ## 4400 Noncapitalized Furniture/Equipment % ## 4700 Food Supplies % ## 4710 Food for School Lunch Program % ## 4790 Food Supplies % 4000 Supplies 2, ,000 3, % 5000 Operating Services - - 0% ## 5200 Travel and Conferences 1, ,500-0% ## 5300 Dues and Fees % ## 5450 Insurance (property, student accident, board) ,415 2,415 2,415 2,415 2,415 2,415 2,415 16,905 16,905 0% ## 5500 Utilities and Housekeeping ,651 9,651 9,651 9,651 9,651 9,651 9,651 9,651 9,651 86,861 86,861 0% ## 5610 Building Rent ,284 (7,284) % ## 5620 Equipment Rental % ## 5630 Vendor Repairs % ## 5812 Pupil Transportation - General % ## 5820 Legal/Audit 14,000-1,937 4,399 4,864 2,800 14,000-0% ## 5830 Advertisement/Recruitment % ## 5850 Non-Instructional Consultants 10, ,500 (7,500) -75% ## 5851 Instructional Consultants % ## 5853 ExED 130, ,967 10,133 10,133 10,133 10,133 10,133 10,133 10,133 10,133 10, ,166 (17,834) -14% ## 5890 Other Services & Operating Expe % 5891 Factoring Fees % ## 5896 Fair Share Special Education Cost % ## 5897 Fundraising Cost % ## 5900 Communications (tele, internet, postage) % ## 5910 Telephone/Internet Expense % ## 5920 Internet Expense % ## 5930 Postage (UPS, Fedex, US Mail) % 5000 Operating Services 155,500-1,937 14,098 26,194 22,644 22,644 27,508 22,644 22,644 23,029 20,229 20,229 10, ,932 78,432 50% 6000 Capital Outlay - - 0% ## 6900 Depreciation % 6000 Capital Outlay % 7000 Other Outgo - - 0% ## 7299 District Oversight Fee % ## 7310 INDIRECT COSTS (Transferred to RSO) (405,320) - (1,937) (16,250) (38,924) (44,931) (42,087) (46,951) (42,087) (42,087) (40,320) (37,520) (37,520) (10,133) (400,749) 4,571 0% ## 7438 Debt Service - Interest % 7000 Other Outgo (405,320) - (1,937) (16,250) (38,924) (44,931) (42,087) (46,951) (42,087) (42,087) (40,320) (37,520) (37,520) (10,133) (400,749) 4,571 0% Expenses % - - 0% NET INCOME % - - 0% 8

9 CITIZENS OF THE WORLD LOS ANGELES - REGIONAL SUPPORT OFFICE CASH FLOW FORECAST BUDGET FORECAST Budget % Change Beginning Cash Balance (1,937) (1,937) % Cash Flow from Operating Activities - - 0% Net Income % Change in Accounts Receivable - - 0% Prior Year Accounts Receivable % Current Year Accounts Receivable % Change in Due from - (1,937) (16,250) 1,937 (16,250) (16,250) 0% Change in Accounts Payable , ,250 16,250 0% Change in Due to % Change in Payroll Liaibilities % Prepaid Expenditures % Deferred Revenue % Depreciation Expense % Cash Flow from Investing Activities % Capital Expenditures % Cash Flow from Financing Activities % Source % Use % Ending Cash Balance - - (1,937) (1,937) % Ending Cash Balance 5% Reserve: - CWC SL 218, , , , , ,028 94,451 63,497 33,471 (67,535) (10,376) (99,519) CWC HW 133, , , , , , , , , ,830 94,163 48,132 CWC RSO - (1,937) (1,937) Actuals and Projected Cash 352, , , , , , , , ,851 35,296 83,788 (51,387) 9

10 CITIZENS OF THE WORLD CHARTER SCHOOL HOLLYWOOD CASH FLOW FORECAST BUDGET FORECAST Variance from Budget % Change Enrollment % 264 Enter Apportionment Schedule Scenario i P-2 P-2 P-2 P-2 P-2 P-2 P-2 P-1 P-1 P-1 P-1 P Proposed Apportionment (Taxes Fail) 0% 2% ADVANCE 13% APPORTIONMENT 5% FIGURES 9% USED 9% 17% /41 5/93 49/64 6% 12% 8% 8% 8% 8% 8% 1/3 1/6 1/6 1/6 1/6 # of school days # of pay period days INCOME Revenue Limit Sources ## 8015 Charter School General Purpose - State Aid 842, ,436 59,728 22,816 42,223 71,964 81,551 17,952 10,092 58,318 25, , ,737 (3,900) -0.5% 842,115 (3,378) ## 8019 Charter Schools General Purpose - Prior Year % - - ## 8096 In lieu of Property Taxes 338,393 14,506 29,011 19,341 19,341 19,341 19,341 19,341 19,341 61,267 30,633 30,633 30,633 30, ,361 4, % 344,744 (1,383) Revenue Limit Sources 1,181,030 14,506 29, ,777 79,068 42,157 61,563 91, ,892 79,219 40,725 88,952 56, ,583 1,182,098 1, % 1,186,860 (4,761) Other Federal Income % - - ## 8181 Special Education - IDEA 50,521 2,030 4,059 2,706 2,706 2,706 2,706 2,706 2,706 8,397 4,198 4,198 4,198 4,198 47,516 (3,005) -5.9% 47,708 (191) ## 8220 Child Nutrition (Federal) 44, ,561 4,561 4,561 4,561 4,561 4,561 18,244 45,611 1, % 45,870 (259) ## 8291 Title I, A, Basic Low Income 20, ,502 9,502 4,751 23,756 3, % 9,585 14,171 ## 8292 Title II, A Teacher Quality 7, ,851 2,851 1,426 7, % 7,128 - ## 8293 Title II, D EETT % - - ## 8294 Title III, Limited English (LEP) 2, ,565 2, % 2,565 - ## 8295 Title V, A Innovative Education % - - ## 8296 Title V, B Charter Schools Grants ,995 1,995 3,989 3, % 3,989 - ## 8297 Other Federal Income % Other Federal Income 125,070 2,030 4,059 2,706 4,701 2,706 2,706 16,770 7,267 15,809 8,759 20,256 14,176 28, ,564 5, % 116,844 13, Other State Income % - - ## 8311 Special Ed - AB ,896 6,011 12,022 8,014 8,014 8,014 8,014 8,014 8,014 25,169 12,584 12,584 12,584 12, ,625 (7,271) -4.9% 142,195 (570) ## 8312 Supplemental Hours % - - ## 8434 Class Size Reduction (K-3) % - - ## 8520 Child Nutrition (State) 3, ,027 3,424 (19) -0.6% 3,443 (19) ## 8560 State Lottery Revenue 35, ,866 8,866 17,733 35,465 (143) -0.4% 35,608 (143) ## 8590 Charter Sch Categorical Blk Gr 147, ,433 11,235 4,292 7,942 11,523 15,341 2,635 1,481 8,559 3,773 53, ,925 (14,029) -9.5% 134,332 (407) ## 8591 SB % - - ## 8593 Art and Music Block Grant % - - ## 8595 Secondary School Counselors % - - ## 8599 Other State Revenue 32, ,488 16,039 16,039 34,566 2, % 34,675 (109) Other State Income 368,089 6,011 12,022 21,447 19,250 12,306 18,787 28,746 23,697 28,146 23,274 37,525 16, , ,005 (19,084) -5.2% 350,253 (1,249) Other Income-Local % - - ## 8634 Food Service Sales 37, ,107 3,769 3,174 3,769 3,769 3,571 3,571 2,777 3,968 3,373 35,894 (1,463) -3.9% 37,357 (1,463) ## 8660 Interest Income 2, (2,744) % - - ## 8690 All Other Income (afterschool, summer school, Enrichm 202,462 4,418-21,176 21,360 17,988 21,360 21,360 20,236 20,236 15,739 22,485 19, ,470 3, % 205,470 - ## 8698 Grants % - - ## 8699 Fundraising 360, ,196 27,735 94,995 7,184 47,217 22,771 13,365 98,144 32, , % 360, ## 8999 Prior Year Adjustments - - 1,159 9, ,365 10, % 1,264 9, Other Income-Local 602,763 4,478 1,174 50,685 52, ,157 32,314 72,347 46,578 37, ,660 59,024 22, ,939 9, % 604,125 7,813 TOTAL INCOME 2,276,952 27,024 46, , , , , , , , , , , ,297 2,273,606 (3,346) -0.1% 2,258,082 15,524 EXPENSE % Certificated Salaries % - - ## 1110 Teachers Salaries 703,628-33,903 68,222 61,458 64,782 68,106 68,106 68,106 68,106 68,106 68,106 68, ,103 1, % 703,502 1,602 ## 1170 Teachers Subs 21, ,641 4,829 2,823 1,451 1,451 1,451 1,451 1,451 1,451 1,451 21, % 21,450 - ## 1175 Teachers - Extra Duty/Stipend 5, , % 8,000 (2,500) ## 1200 Certificated Pupil Support % - - ## 1300 Certificated School Administrators 90,850 18,404 18,404 4,088 13,060 7,583 7,583 7,583 7,583 7,583 7,583 7,583 7, ,622 23, % 95,847 18,775 ## 1900 Other Certificated % Certificated Salaries 821,428 18,404 52,307 75,951 79,958 75,799 77,751 77,751 77,751 77,751 77,751 77,751 77, ,676 25, % 828,799 17,877 Prior Month Forecast Variance b/t FC and Prior Month FC 10

11 CITIZENS OF THE WORLD CHARTER SCHOOL HOLLYWOOD CASH FLOW FORECAST BUDGET FORECAST Variance from Budget % Change Enrollment % Classified Salaries % - ## 2100 Instructional Aides 227,608-4,718 20,155 23,551 21,068 25,018 25,018 23,701 23,701 18,434 26,335 22, ,084 6, % 259,080 (24,996) ## 2200 Classified Support (maintenance, food) 3, , ,720 (1,255) -31.6% 4,630 (1,910) ## 2300 Classified School Administrators % - - ## 2400 Clerical/Technical/Office 65, ,536 4,070 8,904 7,343 7,343 7,343 7,343 7,343 7,343 7,343 7,343 75,986 10, % 74,611 1,375 ## 2900 Other Classified (noon and yard supervisors, etc) 114, ,650 9,281 9,518 8,015 9,518 9,518 9,017 9,017 7,013 10,019 8,516 93,429 (20,877) -18.3% 95,183 (1,754) 2000 Classified Salaries 411,762 1,225 12,494 35,496 41,973 36,425 41,878 41,878 40,061 40,061 32,790 43,696 38, ,220 (5,541) -1.3% 433,505 (27,284) 3000 Employee Benefits % - ## 3111 STRS 67,768 1,536 4,450 6,003 6,596 6,253 6,414 6,414 6,414 6,414 6,414 6,414 6,414-69,740 1, % 68,528 1,212 ## 3212 PERS % - - ## 3311 Social Security (OASDI) 25, ,537 2,602 2,258 2,596 2,596 2,484 2,484 2,033 2,709 2,371-24,552 (977) -3.8% 26,908 (2,355) ## 3331 Medicare 17, ,615 1,768 1,627 1,735 1,735 1,708 1,708 1,603 1,761 1,682-18, % 18,337 (137) ## 3401 H & W Payment (medical, dental, vision insurance) 97, ,035 8,132 10,047 7,560 7,560 7,560 7,560 7,560 7,560 7,560 93,344 (4,135) -4.2% 94,900 (1,556) ## 3501 SUI Payment Account 13, ,225 1,341 1,234 1,316 1,316 1,296 1,296 1,216 1,336 1,276-13, % 13,911 (104) ## 3601 Wkr Comp Payment Account 24,664-8,607 2,152 (5,380) ,380 (19,284) -78.2% 12,814 (7,435) ## B % - - ## 3902 Other Benefits % Employee Benefits 246,886 2,326 37,603 20,664 16,976 18,934 19,622 19,622 19,463 19,463 18,826 19,781 11, ,021 (21,865) -8.9% 235,397 (10,376) 4000 Supplies % - ## 4110 Textbooks 29,387-1,813 3,175-17,452 22,440 (6,947) -23.6% 22,440 - ## 4210 Other Books and Reference Materials 2, (1,433) -62.2% 1,807 (935) ## 4310 Instructional Materials 26, ,219 2,697 2,697 2,697 2,697 2,697 2,697 2,697 2,697 2,697 26, % 26,491 - ## 4350 Office Supplies 12, ,806 1,139 1,139 1,139 1,139 1,139 1,139 1,139 1,139 1,139 12,323 (354) -2.8% 12,323 - ## 4370 Custodial Supplies (28) -4.7% ## 4390 Other Supplies 12, ,609 1,609 1,609 1,609 1,609 1,609 1,609 1,609 1,609 15,241 2, % 15,241 - ## 4400 Noncapitalized Furniture/Equipment 15, , ,000 (10,000) -66.7% 5,000 - ## 4700 Food Supplies 77, ,036 8,355 7,036 8,355 8,355 7,915 7,915 6,156 8,795 7,475 77,392 (440) -0.6% 77,832 (440) ## 4710 Food for School Lunch Program % - - ## 4790 Food Supplies % Supplies 176,882-2,082 9,991 13,356 31,691 12,920 14,240 14,240 13,800 13,800 12,041 14,679 7, ,315 (16,566) -9.4% 161,690 (1,374) 5000 Operating Services % - ## 5200 Travel and Conferences 3, , % 3,500 - ## 5300 Dues and Fees 6,874-1, ,450 (2,424) -35.3% 4,450 - ## 5450 Insurance (property, student accident, board) 15,719-9,662 2,415 (6,039) 6,039 (9,680) -61.6% 14,588 (8,550) ## 5500 Utilities and Housekeeping % ## 5610 Building Rent 76, ,412 10,412 10,412 10,412 10,412 10,412 10,412 10,412 10,412 10, ,122 27, % 111,406 (7,284) ## 5620 Equipment Rental 5, ,184 (122) -2.3% 5,184 - ## 5630 Vendor Repairs 3, , % 3,135 - ## 5812 Pupil Transportation - General 4, , % 4,700 - ## 5820 Legal/Audit 6, ,600-3,600 (2,400) -40.0% 3,600 - ## 5830 Advertisement/Recruitment 1, ,765 (104) -5.6% 1,765 - ## 5850 Non-Instructional Consultants 18, ,073 2,073 2,073 2,073 2,073 2,073 2,073 2,073 2,073 18, % 18,662 - ## 5851 Instructional Consultants 184, ,288 18,288 18,288 18,288 18,288 18,288 18,288 18,288 18, ,592 (20,136) -10.9% 126,592 38,000 ## 5853 ExED - - 4, ,414 4, % 4,414 - ## 5890 Other Services & Operating Expe 2,845 - (330) ,560 3, % 6, Factoring Fees % - - ## 5896 Fair Share Special Education Cost 79,767 3,216 6,432 4,288 4,288 4,288 4,288 4,288 4,288 13,426 6,713 6,713 6,713 6,713 75,656 (4,111) -5.2% 75,961 (305) ## 5897 Fundraising Cost 5, , , , % 5, ## 5900 Communications (tele, internet, postage) 8, ,013 (2,419) -28.7% 6,013 - ## 5910 Telephone/Internet Expense % - - ## 5920 Internet Expense % - - ## 5930 Postage (UPS, Fedex, US Mail) % Operating Services 423,152 3,216 22,345 7,592 32,670 40,684 40,011 42,312 39,441 47,854 41,220 41,421 41,720 17, ,624 (5,528) -1.3% 395,713 21, Capital Outlay - ## 6900 Depreciation 1, (214) -21.2% 1,007 (214) 6000 Capital Outlay 1, (214) -21.2% 1,007 (214) 7000 Other Outgo % - ## 7299 District Oversight Fee 13, , ,028 1, ,503 14, % 14,559 (523) ## 7310 INDIRECT COSTS (Transferred to RSO) 165, ,125 19,462 22,466 21,044 23,476 21,044 21,044 20,160 18,760 18,760 5, ,316 35, % 270,971 (70,655) ## 7438 Debt Service - Interest % Other Outgo 178, ,098 8,917 20,254 22,930 21,739 24,504 22,206 21,862 20,582 19,735 19,361 9, ,352 35, % 285,530 (71,178) Expenses 2,259,537 26, , , , , , , , , , , ,518 34,184 2,271,002 11, % 2,341,640 (70,638) NET INCOME 17, (82,854) 17,984 (49,323) (53,157) (98,571) (11,159) (34,746) (60,464) (15,570) (8,687) (93,818) 492,113 2,604 (14,811) (83,558) 86, Prior Month Forecast Variance b/t FC and Prior Month FC 11

12 CITIZENS OF THE WORLD CHARTER SCHOOL HOLLYWOOD CASH FLOW FORECAST BUDGET FORECAST Variance from Budget % Change Enrollment % 264 Beginning Cash Balance 90, , , , , , , , , , , ,830 94,163 48, , , ,238 - Cash Flow from Operating Activities Net Income 17, (82,854) 17,984 (49,323) (53,157) (98,571) (11,159) (34,746) (60,464) (15,570) (8,687) (93,818) 492,113 2,604 (14,811) (83,558) 86,162 Change in Accounts Receivable Prior Year Accounts Receivable 397,445 5, ,061 95,250 9,411-16, ,131 (61,314) 336,131 - Current Year Accounts Receivable (518,465) (526,297) (526,297) (7,832) (505,140) (21,157) Change in Due from (39,667) 39,667 Change in Accounts Payable 17,344 (67,509) (8,050) 20,232 55,328 34,184 34,184 16,840 18,745 15,439 Change in Due to ,087 4,998 4,998-4,998 Summer Savings Program (5,000) (5,000) (5,000) Change in Payroll Liaibilities - (5,290) 4,394 1, (897) 1,317 Prepaid Expenditures & Deposits - 7,620 (7,560) ,620 (7,560) Deferred Revenue Depreciation Expense 1, (213) 1,007 (213) Cash Flow from Investing Activities Capital Expenditures Cash Flow from Financing Activities Source Use Ending Cash Balance 5, , , , , , , , , , ,830 94,163 48,132 48,132 48,132 42,958 (70,520) 118,652 Prior Month Forecast Variance b/t FC and Prior Month FC 5% Reserve: 113,550 12