D Modified Accrual Basis (Applicable Capital Outlay/Debt Service/Fund Balance objects are , , 7438, 7439,

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1 Julyl,2012 to JuneSO,2013 Charter Approving Entity: Vailejo City Unified School District County: Solano Charter#: C372 This charter school uses the following basis of accounting: Please enter an X in the applicable box below; check only one box) X Accrual Basis (Applicable Capital Assets/Interest on Long-Term Debt/Long-Term Liabilities/Net Position objects are 6900, 7438, , , 9796, and 9797) D Modified Accrual Basis (Applicable Capital Outlay/Debt Service/Fund Balance objects are , , 7438, 7439, and ) A. REVENUES 1. Revenue Limit Sources State Aid - Current Year 8011 Education Protection Account State Aid - Current Year , , Charter Schools General Purpose Entitlement - State Aid ,253, ,253, State Aid - Prior Years 8019 Tax Relief Subventions (for revenue limit funded schools) County and District Taxes (for revenue limit funded schools) Miscellaneous Funds (for revenue limit funded schools) Revenue Limit Transfers (for revenue limit funded schools) PERS Reduction Transfer 8092 Transfers to Charter Schools in Lieu of Property Taxes , , Other Revenue Limit Transfers 8091, 8097 Total, Revenue Limit Sources 2,140, ,140, Federal Revenues (see NOTE in Section J) No Child Left Behind Special Education - Federal Child Nutrition - Federal Other Federal Revenues Total, Federal Revenues 3. Other State Revenues Special Education - State All Other State Revenues Total, Other State Revenues 4. Other Local Revenues All Other Local Revenues Total, Local Revenues 5. TOTAL REVENUES B. EXPENDITURES (see NOTE in Section,.l) t Certificated Salaries Certificated Teachers Salaries Certificated Pupil Support Salaries Certificated Supervisors and Administrators Salaries Other Certificated Salaries Total, Certificated Salaries , , StateRevSE StateRevAO LocalRevAO , , , ,00 165, , , , , , , ,434,58 6, , , , , , ,314, ,407,96 2,529, , ,80 922, , , ,335, , ,097, , ,100, Noncertificated Salaries Noncertificated Instructional Salaries Noncertificated Support Salaries , , charter School Financial Report certification Form (Revised ) Page 1 of 6 10/9/2013 1:55 PM

2 July 1,2012 to June 30, 2013 COS #: MIT Academy High School Unaudited Actual Noncertificated Supervisors and Administrators Salaries Clerical and Office Salaries Other Noncertificated Salaries Total, Noncertificated Salaries , , , , , , , , , Employee Benefits STRS PERS OASDI / Medicare / Alternative Health and Welfare Benefits Unemployment Insurance Workers Compensation Insurance OPEB, Allocated OPEB, Active Employees PERS Reduction (for revenue limit funded schools) Other Employee Benefits Total, Employee Benefits 4. Books and Supplies Approved Textbooks and Core Curricula Materials Books and Other Reference Materials Materials and Supplies Noncapitalized Equipment Food Total, Books and Supplies 5. Services and Other Operating Expenditures Subagreements for Services Travel and Conferences Dues and Memberships Insurance Operations and Housekeeping Services Rentals, Leases, Repairs, and Noncap. Improvements Professional/Consulting Services and Operating Expend. Communications Total, Services and Other Operating Expenditures 6. Capital Outlay (Objects , for modified accrual basis only) Land and Land Improvements Buildings and Improvements of Buildings Books and Media for New School Libraries or Major Expansion of School Libraries Equipment Equipment Replacement Depreciation Expense (for accrual basis only) Total, Capital Outlay , , , , , ,038,84 4, , , , , , , , , , , , , , , , , , , , ,418,05 86, , , , , , , , , ,832,61 10, , , , , , , , , , , , , , , , , , , , ,281,00 7. Other Outgo Tuition to Other Schools Transfers of Pass-Through Revenues to Other LEAs Transfers of Apportionments to Other LEAs - Spec. Ed. Transfers of Apportionments to Other LEAs - All Other All Other Transfers E A0 7~?i:7?99 charter school Financial Report certification Form (Revised 06/lOll I) Page 2 of /2013 1:55PM

3 July 1, 2012 to June 30, 2013 Debt Service: Interest 7438 Principal (for modified accrual basis only) 7439 Total Debt Service Total, Other Outgo 8. TOTAL EXPENDITURES 2,193, , , C. EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES BEFORE OTHER FINANCING SOURCES AND USES (A5-B8) 121, (31,157.18) D. OTHER FINANCING SOURCES! USES 1. Other Sources 2. Less: Other Uses 3. Contributions Between Unrestricted and Restricted Accounts (must net to zero) TOTAL OTHER FINANCING SOURCES! USES E. NET INCREASE (DECREASE) IN FUND BALANCE (C+D4) 121, (31,157.18) 90, F. FUND BALANCE, RESERVES 1. Beginning Fund Balance a. As of July ,872, , ,935, b. Adjustments/Restatements to Beginning Balance 9793, , , , c. Adjusted Beginning Balance 2,904, , ,971, Ending Fund Balance, June30 (E+Flc) 3,025, , ,061, Components of Ending Fund Balance (Modified Accrual Basis) (Optional) a. Nonspendable 1. Revolving Cash (equals Object 9130) Stores (equals Object 9320) Prepaid Expenditures (equals Object 9330) All Others 9719 b. Restricted 9740 c. Committed I. Stabilization Arrangements Other Commitments 9760 d. Assigned 9780 e. Unassigned/Unappropriated 1. Reserve for Economic Uncertainties Unassigned/Unappropriated Amount 9790M I f. Components of Ending Net Position (Accrual Basis) 1. Net Investment in Capita/Assets Restricted Net Position , , Unrestricted Net Position 9790A 3,025, ,025, G. ASSETS 1. Cash In County Treasury , , Fair Value Adjustment to Cash in County Treasury 9111 In Banks , , In Revolving Fund 9130 With Fiscal Agent/Trustee 9135 ~ charte, school Financial Report certircation Form (Revised 06110/11) Page 3 cf 6 0/9/2013 1:55 PM

4 July 1,2012 to June 30, 2013 Collections Awaiting Deposit Investments Accounts Receivable , , , Due from Grantor Governments Stores Prepaid Expenditures (Expenses) Other Current Assets Capital Assets (for accrual basis only) ,350,695,79 1,350, TOTAL ASSETS 3,116, , ,152, H. LIABILITIES 1. Accounts Payable 2. Due to Grantor Governments 3. Current Loans 4. Deferred Revenue 5. Long-Term Liabilities (for accrual basis only) 6. TOTAL LIABILITIES I. FUND BALANCE Ending Fund Balance, June 30 (G9-H6) (must agree with Line F2) , , , , , , ,025, , ,061, California Department of Education Charter School Financial Report Certification Form (Revised 06110(11) Page 4 of 6 10/9/2013 1:55 PM

5 JuIyl2012 to June3O.2013 CDS #: MIT Academy High School Unaudited Actual.3. FEDERAL NO CHILD LEFT BEHIND (NCLB) MAINTENANCE OF EFFORT REQUIREMENT NOTE: IF YOUR CHARTER SCHOOL RECEIVED FEDERAL FUNDING, AS REPORTED IN SECTION A2, THE FOLLOWING ADDITIONAL INFORMATION MUST BE PROVIDED IN ORDER FOR THE CDE TO CALCULATE COMPLIANCE WITH THE FEDERAL NO CHILD LEFT BEHIND (NCLB) MAINTENANCE OF EFFORT REQUIREMENT: 1. Federal Revenue Used for Capital Outlay and Debt Service Included in the Capital Outlay and Debt Service expenditures reported in sections 86 and B7 are the following amounts paid out of federal funds: Federal Program Name (If no amounts, indicate NONE ) a. None b. c. d. e. f. 9. h. j. TOTAL FEDERAL REVENUES USED FOR CAPITAL OUTLAY AND DEBT SERVICE $ Capital Outlay Debt Service Total 2. Community Services Expenditures Provide the amount of State and Local funds reported in Section B that were expended for Community Services Activities: Objects of Expenditures Amount (Enter if none) a. Certificated Salaries b. Noncertificated Salaries c. Employee Benefits (except ) d. Books and Supplies e. Services and Other Operating Expenditures TOTAL COMMUNITY SERVICES EXPENDITURES California Department of Education Charter School Financial Report certification Form (Revised O6~1 OIl 1) Page 5 of 6 10/9/2013 1:55 PM

6 July 1, 2012 to June State and Local Expenditures to be Used for Annual NCLB Maintenance of Effort Calculation: Results of this calculation will be used for comparison with expenditures. Failure to maintain the required 90 percent expenditure level on either an aggregate or per capita expenditure basis will result in reduction to allocations for covered programs in a. Total Expenditures (68) 2,439, b. Less Federal Expenditures (Total A2) [Revenues are used as proxy for expenditures because most federal revenues 165, are normally recognized in the period that qualifying expenditures are incurred] c. Subtotal of State & Local Expenditures 2,273, [a minus b] d. Less Community Services [J2 Total] e. Less Capital Outlay & Debt Service 85, [Total B6 plus objects 7438 and 7439, less Ji Total] TOTAL STATE & LOCAL EXPENDITURES SUBJECT TO MOE $ 2,188, [c minus d minus e] charter School Financial Report Page 6 of 6 certification Form (Revised 06/10111) 10/9/2013 1:56 PM