Kaneland Community Unit School District #302

Transcription

1 J-3 Kaneland Community Unit School District #302 Tentative June 26, 2017

2 Kaneland Board of Education Teresa Witt, President Ryan Kerry, Vice President Gale Pavlak, Board Secretary Aaron Lawler Peter Lopatin Pedro Rivas Shana Sparber Kaneland District #302 Administration Dr. Todd Leden, Superintendent of Schools Dr. Julie-Ann Fuchs, Associate Superintendent Dr. Sarah Mumm, Director of Educational Services K-5 Mr. Michael Rice, Director of Educational Services 6-12 Ms. Fran Eggleston, Director of Special Education Mr. Chris Adkins, Director of Human Resources Kaneland D302 s Mission The mission of Kaneland Community Unit School District #302 is to graduate all students college, career, and community ready.

3 KANELAND COMMUNITY UNIT SCHOOL DISTRICT #302 Business Office 47W326 Keslinger Road Maple Park, Illinois Phone: (630) Fax: (630) Dr. Julie-Ann Fuchs Associate Superintendent Dr. Todd Leden Superintendent of Schools Calendar October 12, 2016 October 24, 2016 November 14, 2016 November 28, 2016 December 1, 2016 December 12, 2016 December 13, 2016 January 9, 2017 January 11, 2017 January 13, 2017 February 2017 March 13, 2017 March 2017 March 24, 2017 May 2017 Early June 2017 June 26, 2017 July/August 2017 Adopt Calendar Review Tentative Levy (Aggregate Amount and Fund Distribution) Adopt Tentative Levy Review any changes to the Levy Advertise the Levy Hearing according to School Code Truth in Taxation Levy Hearing; Adopt 2016 Levy File the Tax Levy with the County Clerks (Kane and DeKalb) Board Authorization to Prepare for SY Planning Meeting with Administrative Team Distribute Target Amounts to Administrative Team Bid Summer Projects Board Approval of Personnel Actions/Reductions, if Necessary Classroom Supply Orders Prepared Building, SPED, HR, Curriculum, Supt., Board, Technology, Transportation and Maintenance s Turned in to Business Office Preliminary Runs, Adjustments Finalize Tentative Board adopts Tentative Documents Assembled August 28, 2017 Update to Board September 11, 2017 Hearing; Board Adopts FY18

4 KANELAND COMMUNITY UNIT SCHOOL DISTRICT #302 Business Office 47W326 Keslinger Road Maple Park, Illinois Phone: (630) Fax: (630) June 22, 2017 To: Dr. Todd Leden, Superintendent and Members of the Board of Education From: Dr. Julie-Ann Fuchs, Associate Superintendent Re: Approval of the Tentative Section 5/17-1 of the Illinois School Code requires boards of education to adopt an annual budget within the first quarter of each fiscal year. The budget must be prepared in tentative form and placed on file for public inspection for at least 30 days prior to adoption. At least one public hearing on the budget must also be held, inviting public comment on the school district s budget. In compliance with the statute, a Tentative is hereby presented to the Board of Education of Kaneland Community Unit School District Number 302 for its review and adoption. The following timetable is suggested for final adoption of the district s budget: June 26, 2017 Adoption of Tentative and filing for public inspection September 11, 2017 Public Hearing and Adoption of District # Documents included in your binder include a Tentative Summary, a Revenue Summary by Fund, Fund Type and Source, Expenditure Summaries by Fund, Fund Type, General Function and General Object, Revenue and Expenditure Details, Long-Term Debt Schedules, and associated exhibits, graphs and charts. The accompanying narrative and budget documents are the culmination of months of preparation, review and assembly by many individuals throughout the District, in the Business Office and Principals Offices, Transportation Office, Technology Office, and Buildings & Grounds Office. Without the help and cooperation of all these staff members and administrators, the assembly of the budget would be difficult at best, and prone to increased errors. It is with sincere appreciation to all of the people involved in this important process that this budget is presented to the Board.

5 Review In September 2016, the Board adopted a $57.8 million operating budget, with a total budget of $70.7 million. Actual operating expenditures were about $57.6 million, with total expenditures about $70.4 million. During , the student enrollment decreased slightly (1.8%). Salaries for administration and non-speak support staff increased approximately 3.0% from Salaries for teachers increased approximately 3.49%. The State of Illinois did not prorate the General State Aid (GSA) payments. The district received approximately $5.3 million in GSA payments. The district is currently waiting for the final GSA payment of approximately $242,000 and three categorical payments of approximately $3.6 million. The district is projected to end the year with an operating deficit of approximately $4.5 million, approximately $4.0 million more than expected. The difference is primarily due to the State not making its mandated categorical payments. The District continued to work with PMA to update the five-year long-range financial plan. The District used the information from the plan to prepare the budget going into the fiscal year Highlights The Board is being asked to adopt a $61.3 million tentative operating budget with a total tentative budget of $74.5 million for The education fund is projected to have a $1.6 million surplus, primarily as a result of the one-time transfer from the Transportation Fund; the operations and maintenance fund a $285,000 surplus, and the transportation fund a $3.5 million deficit, which includes the $3.0 million transfer to the Education Fund. Expenditures in the operating budget are projected to exceed revenues by about $1.6 million. The operating revenues for Kaneland are expected to be $56.7 million (less the $3,000,000 transfer), approximately $280,000 less than what was budgeted in The operating expenditures for Kaneland are expected to be $58.3 million (less the $3,000,000 transfer), approximately $500,000 more than was budgeted in , which is about a 0.9% increase. Salaries for non-speak support staff are projected to increase an average of 4.0%. The salary increase for the teaching staff is approximately 3.63%. The salary increase for the SPEAK employees is 3%. The administrative salary increase is 3%. Unknown: At this time, the Illinois State Board has not announced the preliminary amount of money that will be available for schools, as the State has not had a budget since June 30, Therefore, the District does not yet know what revenues will be made available for General State Aid (GSA) or mandated categorical grants. The same amount from the budget is being used in this tentative budget. The District usually learns more information from the State regarding appropriations during late summer.

6 Narrative Operating The Operating ( ) for Kaneland Community Unit School District #302 is built on estimates and unknowns. Expenditures in the operating budget are projected to exceed revenues by approximately $1.6 million, given the many assumptions that are built into the budget. For , revenues in the operating funds are projected to have an overall increase of 4.9%, with an increase in the Education Fund of 10.6%, primarily as a result of the increase in local property taxes and the one-time permanent transfer of $3,000,000 of fund balance from the Transportation Fund into the Education Fund. Changes in both revenues and expenditures projected for are based upon many factors. On the revenue side, the tax levy is expected to yield an additional $678,908 for the operations from fiscal year 2017 to fiscal year Through the budget planning in spring 2017, the Board directed the administration to reduce expenditures by approximately $1.5 million, in an effort to reduce the projected deficit from $3.1 million to about $1.6 million. The reductions of planned expenditures were from all areas of the budget, including staffing, transportation, technology, capital projects, and curriculum. Increases to the expenditure budget include average salary increases for administration (3.0%), teachers (3.63%) and non-speak support staff (4.0%), SPEAK staff (3.0%), health insurance premiums (5.1%), technology, replacement band equipment, carpet replacement at Kaneland John Shields and Kaneland John Stewart Elementary schools, new telephone systems in five schools, and a fiber network expansion to Kaneland John Shields. Operating expenditures are expected to be approximately $61.2 million, which is approximately $3.5 million greater than the operating budget, of which $3.0 million is the one-time transfer of fund balance from the Transportation Fund. Revenue Local property owners continue to absorb a large share of District funding, with a projected 74% of revenue coming from the local tax levy in , which is about the same as in the budget. The percentage of State revenue is approximately 19%, while the Federal revenue has remained the same at approximately 3%. Below are comments regarding General State Aid, Mandated State Categorical Payments, and Federal revenues: General State Aid: The District is expecting to receive approximately the same amount ($5,072,959) from the State of Illinois for General State Aid (GSA). Until the State finalizes its budget, this amount is an estimate. Additionally, Senate Bill 1 is on the Governor s desk to sign. If Senate Bill 1 is signed, the administration believes that the district s State funding will remain consistent in , due to a hold harmless clause in Senate Bill 1. Mandated State Categorical Payments: Not knowing exactly what to expect with regard to mandated State categorical payments, the reimbursement for regular education transportation, special education transportation, and special education is expected to remain approximately the same. Currently, the State owes the District $3.6 million. Revenues from the Federal government are expected to remain fairly consistent.

7 4 Expenditures The total operating expenditure budget for is $61.3 million. The expenditures in the operating funds, which are devoted to instruction, have increased slightly by about 1% of the total expenditures, to 53%. The operating expenditures have increased by 6.0%; however, much of the increase is attributed to the one-time transfer of fund balance. Otherwise, the increase would have been less than 1%. The overall budgeted expenditures, including the capital projects and bond payments, are expected to be $74.5 million. Education Fund The Education Fund is the District s largest fund and supports all of the educational programs for Kaneland students. The revenues exceed the expenditures in the Education Fund by about $1.6 million, primarily as a result of the one-time transfer of fund balance into the Education Fund from the Transportation Fund. Below are financial comments regarding expenditures in the Education Fund: Transfer from the Transportation Fund: Included in the budget is a one-time permanent transfer of fund balance from the Transportation Fund to the Education Fund of $3,000,000. This transfer will help to alleviate the fund balance shortfall in the Education Fund temporarily. Medical Insurance: For , the health insurance premium increased approximately 5.5 % due to a moderately healthy year. The increase for the district portion is approximately $618,000. Planning/Review Process: In planning for , the Board approved a reduction in the staffing plan of about $600,000. Mandated Categorical Payments: Currently, the State owes the district $1.6 million in special education reimbursement payments. Operations & Maintenance Fund The Operations and Maintenance Fund (O & M) is the District s second largest operating fund. Revenue from property taxes is received into this Fund. This Fund contains approximately 9.0% of the District s financial activity in the operating funds. The Fund supports the daily operations of all seven facilities. Expenditures from this Fund include daily cleaning, building maintenance and repairs, custodial salaries, snow removal, telephones, and utilities. In an effort to maintain costs in this Fund, the maintenance department uses a preventative maintenance program that helps to keep all equipment in working order. There will be limited building improvements made during However, a few minor repair projects that will help to extend the life of equipment and buildings are planned. Utility costs continue to be historically low, which is helpful for maintaining costs. Several projects have been planned for during , which includes carpet replacement at Kaneland John Stewart and Kaneland John Shields, replacement of large KHS band equipment, replacement of a KHS driver s education vehicle, KHS hallway locker replacements, and furniture upgrades for four classrooms and a computer lab at Kaneland High School.

8 5 Transportation Fund The Transportation Fund is the District s third largest operating fund and supports the student transportation program with a fleet of 62 vehicles. Revenues from this Fund are received from local property taxes and reimbursements from the State for prior year transportation expenditures. The State Comptroller delayed payments for the transportation reimbursement beginning in and has continued for seven years now. As of June 21, 2017, the District has not yet received 100% of the regular transportation money and the special education transportation money expected from the State, which is approximately $2.0 million. With regard to expenditures, the Transportation Department has continued to look for ways to reduce costs. Each year, routes are evaluated to make them as efficient as possible. Other changes in transportation in recent years include: Beginning in Summer 2017 and moving forward, the District will transport more students with special needs, reducing the cost of private transportation expenses. Beginning in , the District bid the services for private transportation for students with special needs. Beginning in , bus stops for students in grades six through twelve were combined, creating more route efficiencies. Beginning in , the District began providing transportation to students in early childhood, rather than to use private transportation. With regard to the bus fleet, the District has been working toward the replacement of the bus fleet, which is aging. The Board has approved the purchase of seven one-year old replacement buses and one smaller bus for transporting students with special needs in , which has been accounted for in this budget. Debt Service The Debt Service Fund (formally known as the Bond and Interest Fund) allocates revenue and expenditures to use for the District s debt. The debt is usually in the form of principal and interest payments for prior bond issuances. Current outstanding bonds include payments for the additions to Kaneland High School, Blackberry Creek Elementary School, McDole Elementary School, Harter Middle School, and the additions at John Stewart and John Shields Elementary schools. The revenue for this Fund comes from Bond & Interest payments from local property tax collection. The amounts for these bonds are outside of the tax cap or PTELL law. The only exception is the refunded certificates of participation for the additions at John Stewart and John Shields Elementary Schools. The revenue for these payments comes from the Land Cash Fund. Currently, the Fund Balance in the Land Cash Fund is approximately $267,060, which means that the District does not have enough money for the upcoming February payment. The payments are approximately $330,000 per year through In an effort to mitigate this situation, the reimbursed interest from the Federal government for the Build America Bonds will be deposited into Fund 31, so that the debt certificate payment may be made.

9 6 Other Funds The expenditures in the IMRF and FICA/Medicare funds include slight decreases for The revenue for these funds comes from the property tax levy and the corporate personal property replacement tax (CPPRT). Summary In summary, the tentative budget represents numerous challenges for our district. The administration and staff are very appreciative of the support that the Board has provided throughout this past year as we have gone through the budget planning process. While it has been a great challenge to align limited resources with our goals, we continue to make great strides toward our district mission: The mission of Kaneland Community Unit School District #302 is to graduate all students college, career, and community ready.

10 Kaneland C.U.S.D. #302 Tentative Summary Unaudited Estimated 6/20/ /30/2018 Fund Fund Balance Revenue Expenditure Fund Balance 10 Education Fund -1,365,304 49,185,203 47,626, , Operations & Maintenance Fund 1,830,302 5,795,348 5,509,819 2,115, Land Cash Fund 267, , , , Debt Service Fund for Land Cash 7, , ,200 42, Bond & Interest #15 122,178 4,015,025 4,010, , Bond & Interest #16 790,167 7,030,030 7,021, , Bond & Interest #17 34, , Transportation Fund 4,552,678 4,652,090 8,152,266 1,052, IL Municipal Retirement Fund 611, , , , FICA & Medicare 591,547 1,022, , , Capital Projects Working Cash Fund 1,098, , ,203, Fire Prevention Life Safety Fund 3, ,625-8 Report Total 8,545,143 73,188,811 74,502,036 7,231,918 Kaneland C.U.S.D. #302 Summary - Operating Funds Unaudited Estimated 6/20/ /20/2017 Fund Fund Balance Revenue Expenditure Fund Balance 10 Education Fund -1,365,304 49,185,203 47,626, , Operations & Maintenance Fund 1,830,302 5,795,348 5,509,819 2,115, Transportation Fund 4,552,678 4,652,090 8,152,266 1,052, Working Cash Fund 1,098, , ,203,416 Total 6,116,539 59,737,194 61,288,909 4,564,824 Kaneland C.U.S.D. #302 Revenue/Expenditure Summary Fund Revenue Expenditure Excess/(Deficit) 10 Education Fund 49,185,203 47,626,824 1,558, Operations & Maintenance Fund 5,795,348 5,509, , Land Cash Fund 101, ,200 (100,200) 31 Debt Service Fund for Land Cash 371, ,200 35, Bond & Interest #15 4,015,025 4,010,500 4, Bond & Interest #16 7,030,030 7,021,955 8, Bond & Interest # Transportation Fund 4,652,090 8,152,266 (3,500,176) 51 Municipal Retirement Fund 911, , , FICA & Medicare 1,022, ,506 65, Capital Projects Working Cash Fund 104, , Fire Prevention Life Safety Fund 5 3,625 (3,620) Operating Fund Total (Ed, O&M,Transp, WC) 59,737,194 61,288,909-1,551,715 Grand Total 73,188,811 74,502,036-1,313,225

11 Actual Revenue to Actual Expenditures Summary Tentative Unaudited Revenue Unaudited Expenditures Revenue over (under) Expenditures As of 6/21/17 As of 6/21/17 As of 6/21/17 Account Description Actual Actual Actual 10 Education Fund 43,100,473 46,995,387-3,894, Oper, Build, & Maint Fund 5,088,721 5,631, , Land Cash Fund 157, , , Debt Service Fund for Land Cash 330, , Bond & Interest #15 5,184,493 5,133,000 51, Bond & Interest #16 5,488,876 5,435,696 53, Bond & Interest # Transportation Fund 4,737,934 4,954, , IL Municipal Retirement Fund 897, , , FICA & Medicare 1,008, , , Capital Projects Working Cash Fund 104, , Fire Prevention & Safety Fund Report Total 66,098,283 70,372,100-4,273,817 Unaudited Revenue Unaudited Expenditures Revenue over (under) Expenditures Operating Funds As of 6/21/17 As of 6/21/17 As of 6/21/17 Actual Actual Actual 10 Education Fund 43,100,473 46,995,387-3,894, Oper, Build, & Maint Fund 5,088,721 5,631, , Transportation Fund 4,737,934 4,954, , Working Cash Fund 104, ,234 53,031,362 57,580,399-4,549,037

12 Revenue to Actual Revenues Summary Tentative Actual Revenues Unaudited Revenue over ed Revenues FY 17 Revenue As of 6/20/17 As of 6/20/17 Account Description Actual Actual 10 Education Fund 44,485,681 43,100,473-1,385, Oper, Build, & Maint Fund 5,171,938 5,088,721-83, Land Cash Fund 90, ,039 67, Debt Service Fund for Land Cash 331, ,525-1, Bond & Interest #15 5,186,173 5,184,493-1, Bond & Interest #16 5,488,061 5,488, Bond & Interest # Transportation Fund 7,208,449 4,737,934-2,470, IL Municipal Retirement Fund 891, ,619 6, FICA & Medicare 1,000,556 1,008,137 7, Capital Projects Working Cash Fund 98, ,234 5, Fire Prevention & Safety Fund Report Total 69,952,577 66,098,283-3,854,294 Actual Revenues Unaudited Revenue over ed Revenues Operating Funds FY 17 Revenue As of 6/20/17 As of 6/20/17 Actual Actual 10 Education Fund 44,485,681 43,100,473-1,385, Oper, Build, & Maint Fund 5,171,938 5,088,721-83, Transportation Fund 7,208,449 4,737,934-2,470, Working Cash Fund 98, ,234 5,358 56,964,944 53,031,362-3,933,582

13 Expenditure to Actual Expenditures Summary Tentative Actual Expenditures over (under) Unaudited Expenditures ed Expenditures FY 17 Expenditure As of 6/21/17 As of 6/21/17 Account Description Actual Actual 10 Education Fund 46,786,127 46,995, , Oper, Build, & Maint Fund 5,952,805 5,631, , Land Cash Fund 331, , Debt Service Fund for Land Cash 331, , Bond & Interest #15 5,133,325 5,133, Bond & Interest #16 5,436,460 5,435, Bond & Interest # Transportation Fund 5,054,176 4,954, , IL Municipal Retirement Fund 712, ,005-37, FICA & Medicare 937, ,097-51, Capital Projects Working Cash Fund Fire Prevention & Safety Fund Report Total 70,675,641 70,372, ,541 Actual Expenditures over (under) Unaudited Expenditures ed Expenditures Operating Funds FY 17 Expenditure As of 6/21/17 As of 6/21/17 Actual Actual 10 Education Fund 46,786,127 46,995, , Oper, Build, & Maint Fund 5,952,805 5,631, , Transportation Fund 5,054,176 4,954, , Working Cash Fund ,793,108 57,580, ,709

14 Kaneland Community Unit School District # Tentative Revenue Report By Fund Unaudited /22/ Account Description Actual 10 Education Fund 44,485,681 43,100,473 49,185, Oper, Build, & Maint Fund 5,171,938 5,088,721 5,795, Land Cash Fund 90, , , Debt Service Fund for Land Cash 331, , , Bond & Interest #15 5,186,173 5,184,493 4,015, Bond & Interest #16 5,488,061 5,488,876 7,030, Bond & Interest # Transportation Fund 7,208,449 4,737,934 4,652, IL Municipal Retirement Fund 891, , , FICA & Medicare 1,000,556 1,008,137 1,022, Capital Projects Working Cash Fund 98, , , Fire Prevention & Safety Fund Report Total 69,952,577 66,098,283 73,188,811

15 Kaneland Community Unit School District # Tentative Revenue Report by Fund Type Unaudited /22/ Account Description Actual Operating Funds 10 Education Fund 44,485,681 43,100,473 49,185, Oper, Build, & Maint Fund 5,171,938 5,088,721 5,795, Transportation Fund 7,208,449 4,737,934 4,652, Working Cash Fund 98, , ,553 Subtotal 56,964,944 53,031,362 59,737,194 Land Cash 21 Land Cash Fund 90, , , Debt Service Fund for Land Cash 331, , ,355 Subtotal 421, , ,355 Bond & Interest 35 Bond & Interest #15 5,186,173 5,184,493 4,015, Bond & Interest #16 5,488,061 5,488,876 7,030, Bond & Interest # Subtotal 10,674,284 10,673,579 11,045,205 Retirement/Social Security 51 IL Municipal Retirement Fund 891, , , FICA & Medicare 1,000,556 1,008,137 1,022,140 Subtotal 1,891,819 1,905,756 1,934,052 Capital Projects 60 Capital Projects Subtotal Fire Prevention & Safety Fund 90 Fire Prevention & Safety Fund Subtotal All Funds Total 69,952,577 66,098,283 73,188,811

16 Kaneland Community Unit School District # Tentative Revenue Report By Source Unaudited /22/ Account Description Actual 1000 TOTAL LOCAL REVENUE 35,459,560 35,584,097 36,977, TOTAL STATE REVENUE 7,685,489 6,035,346 7,782, TOTAL FEDERAL REVENUE 1,340,632 1,481,029 1,425, TOTAL OTHER FINANC. SOURCES 0 0 3,000, Education Fund 44,485,681 43,100,472 49,185, TOTAL LOCAL REVENUE 5,071,938 5,067,883 5,795, TOTAL STATE REVENUE 100,000 20, TOTAL FEDERAL REVENUE Oper, Build, & Maint Fund 5,171,938 5,088,721 5,795, TOTAL LOCAL REVENUE 90, , , Land Cash Fund 90, , , TOTAL FEDERAL REVENUE , TOTAL OTHER FINANC. SOURCES 331, , , Debt Service Fund for Land Cash 331, , , TOTAL LOCAL REVENUE 5,186,173 5,184,493 4,015, Bond & Interest #15 5,186,173 5,184,493 4,015, TOTAL LOCAL REVENUE 5,327,508 5,328,858 7,030, TOTAL FEDERAL REVENUE 160, , Bond & Interest #16 5,488,061 5,488,876 7,030, TOTAL LOCAL REVENUE Bond & Interest # TOTAL LOCAL REVENUE 3,213,594 3,264,411 1,552, TOTAL STATE REVENUE 3,994,855 1,473,523 3,100, TOTAL FEDERAL REVENUE 0 40 Transportation Fund 7,208,449 4,737,934 4,652, TOTAL LOCAL REVENUE 891, , , IL Municipal Retirement Fund 891, , , TOTAL LOCAL REVENUE 1,000,556 1,008,137 1,022, FICA & Medicare 1,000,556 1,008,137 1,022, TOTAL LOCAL REVENUE Capital Projects TOTAL LOCAL REVENUE 98, , , Working Cash Fund 98, , , TOTAL LOCAL REVENUE Fire Prevention & Safety Fund Report Total 69,952,577 66,098,282 73,188,811

17 Revenue by Source - Operating Funds (Education, O&M, Transportation and Working Cash) Source Amount Local 44,429,361 State 10,882,262 Federal 1,425,571 Total 56,737,194 Operating Revenues by Source % 3% Local State Federal 78%

18 Revenue Report Printed: 6/22/2017 6:25 AM KANELAND CUSD #302 Page 1 of 16 Date Range: 7/1/2016 to 6/22/2017 Education Fund 10 Source of Revenue 1110 Education Fund Purposes Levy Account Description Revenue Y.T.D. Revenue Next Yrs. % of State Account Number 1110 Education Fund Purposes Levy 28,503, ,483, (30,167,481.00) Operations and Maintenance Purposes Levy 1140 Special Education Levy 4,326,94 4,323, (4,309,424.00) Corp Pers Prop Repl Tax 47, , (100,00) Reg Tuition-Pupils/Parent 315,00 357, (345,00) Summer School Tuition - Pupils/ 40,00 35,90 (30,00) Parents (In-State) 1510 Interest On Investments 25,12 59, (50,12) Sales To Pupils-Lunch 63,50 76, (73,60) Sales To Pupils-Ala Carte 814,50 846, (835,50) Sales To Pupils-Other 1,50 2, (2,40) Sales To Adults 34,70 38, (35,00) Admissions-Athletic 21,00 25, (22,00) Fees 1790 Other Pupil Activity Rev 14,00 4,80 (5,00) Other Pupil Activity Reg 2,40 5, (3,50) Rentals-Regular Textbook 744,00 713, (705,80) Donations-Private Sources 1921 Contributions, Parent Univ Donations-Kane Mental Health 1924 Donations-Foundation/KESA 1940 Services Provided to Other Districts 212, , (32,82) Refund-Prior Yr Expenditu 25,00 29, (10,00) Drivers Education Fees 45,00 37, (40,00) Payments from Other Districts D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT

19 Revenue Report Printed: 6/22/2017 6:25 AM KANELAND CUSD #302 Page 2 of 16 Date Range: 7/1/2016 to 6/22/2017 Education Fund 10 Source of Revenue 1993 Local Fees Account Description Revenue Y.T.D. Revenue Next Yrs. % of State Account Number 1993 Local Fees 169, , (162,225.00) Fees, Alumni Transcpt & Medical 1,50 1,37 (1,50) Requests 1999 Other Local Revenues 52,50 51, (46,00) General State Aid 5,229, ,845, (5,329,933.00) General State Aid-Interes 3030 GSA Fast Growth District Grants 3100 Spec Ed-Priv Facility Tui 650,00 307, (650,00) Spec Ed -Extraordinary 600,00 274, (600,00) Spec Ed -Personnel 950,00 473, (950,00) Spec Ed-Orphanage-Individ 150,00 83, (150,00) Sp Ed -Orphanage-Summer 5,00 (5,00) 3145 Spec Ed -Summer School 2,50 (2,50) 3200 Career and Technical Education CTE Tech Prep 3210 Voc Ed-Coordination Grant 3215 Voc Ed - Formula 3220 CTE-Secondary Program 47,10 18, (45,00) Improvement (CTEI) 3235 CTE - Agriculture Education 1,70 (1,70) 3265 Voc Ed-Work Based Learn.Prog Voc Ed-Elem Caree Dev Pro 3276 Source Of Revenue Bilingual Ed-Downstate- TPI and TBE 16, (17,714.00) Gifted Education 3360 State Free Lunch/BFast (415.00) Driver Education 30,00 29, (30,00) D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT

20 Revenue Report Printed: 6/22/2017 6:25 AM KANELAND CUSD #302 Page 3 of 16 Date Range: 7/1/2016 to 6/22/2017 Education Fund 10 Source of Revenue 3610 Learning Improvement-Change Grants Account Description Revenue Y.T.D. Revenue Next Yrs. % of State Account Number 3610 Learning Improvement-Change Grants 3620 Sch.Impro.-Reading Recove 3640 Source Of Revenue National Board Certification 1, St Drug Ed Initiative 3715 Reading Improvement - Block Grant 3735 Report Cards 3740 Criminal Background Inv 3775 School Safety & Educational Improv Block Grant 3794 Technology - Integration Prog Class Size Reduction 3999 Emer Fin Assist/Temp Reloc Grant/Other Restr Rev 4100 Title V - Innovation and Flexibility Formula 4210 Natl. School Lunch Progr 30,00 41, (40,00) Special Milk Program 28,00 30, (27,00) Title I - Low Income 189, , (300,00) Title IV Safe & Drug Free Schools 4600 Fed-Sp Ed-PreSchool Flow Through 14, , (14,566.00) Fed-Sp Ed-IDEA Flow-Thru 738, , (737,26) Fed-Sp Ed-Idea Room&Board 10,00 38, (25,00) 1, Perk-Title IIC-Secondary 23,26 22, (23,00) CTE-Perkins Title IIIE-Tech Prep 4777 Voc. Educ.-Educ.to Careers Implementation D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT

21 Revenue Report Printed: 6/22/2017 6:25 AM KANELAND CUSD #302 Page 4 of 16 Date Range: 7/1/2016 to 6/22/2017 Education Fund 10 Source of Revenue 4850 ARRA-General State Aid Account Description Revenue Y.T.D. Revenue Next Yrs. % of State Account Number 4850 ARRA-General State Aid 4856 ARRA IDEA Part B Preschool 4857 ARRA IDEA Part B Flow Through 4862 ARRA-McKinney-Vento Homeless Educ.for Children 4870 ARRA GSA-Govt.SFSF 4880 ARRA GSA FY Medicaid Matching Fund 4905 Immigrant Education Program 4909 TITLE III-English Language Acquis. 20, ,47 (7,557.00) Title II-Eisen.Prof.Devel.-Formula 4932 Title II - Teacher Quality 41, , (41,188.00) Medicaid Matching Funds-Admin 75,00 86, (85,00) Outreach 4992 Medicaid Matching 170,00 119, (125,00) Funds-Fee-for-service Program 4998 Other Restricted Grants Recd Fed Gov thru State 4999 Other Revenue-Federal Sou 7110 Abolishment or Abatement of Working Cash Fund 7130 Permanent Transfer Among Funds (3,000,00) 7140 Perm.Transf.of Interest 7330 Compens.for Loss of Fixed Assets 10 Education Fund 44,485, ,100, (49,185,203.00) Fund D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT

22 Revenue Report Printed: 6/22/2017 6:25 AM KANELAND CUSD #302 Page 5 of 16 Date Range: 7/1/2016 to 6/22/2017 Oper, Build, & Maint Fund 20 Source of Revenue 1111 Operations and Maintenance Purposes Levy Account Description Revenue Y.T.D. Revenue Next Yrs. % of State Account Number 1111 Operations and Maintenance 4,889,24 4,885, (5,594,56) Purposes Levy 1230 Corp Pers Prop Repl Tax 1510 Interest On Investments 7, , (15,025.00) Rentals 65,00 78, (75,00) Donations-Private Sources 1923 Donations, Private Sources, O&M 8, Donations-Foundation/KESA 1940 Services Provided to Other Districts 20, , (20,763.00) Refund-Prior Yr Expenditu 1,00 (1,00) 1991 Payments from Other Districts 1999 Other Local Revenues 89,00 52, (89,00) General State Aid 100, Technology - Integration Prog School Infrastructure & Maint. 20, F.E.M.A./I.E.M.A Permanent Transfer of Working Cash Fund Interest 7140 Perm.Transf.of Interest 7210 Principal on Bonds Sold 7230 Accrued Interest on Bonds Sold 7320 Sale of Buildings and Grounds 7330 Compens.for Loss of Fixed Assets 7900 ISBE Loan Proceeds 7990 Other Sources of Funds Not Classified Elsewhere 20 Oper, Build, & Maint Fund 5,171, ,088, (5,795,348.00) Fund D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT

23 Revenue Report Printed: 6/22/2017 6:25 AM KANELAND CUSD #302 Page 6 of 16 Date Range: 7/1/2016 to 6/22/2017 Land Cash Fund 21 Source of Revenue 1510 Interest On Investments Account Description Revenue Y.T.D. Revenue Next Yrs. % of State Account Number 1510 Interest On Investments (50) Donations-Private Sources 1930 Impact Fees from Municipal or County 64,00 139, (75,00) Government 1950 Refund-Prior Yr Expenditu 1960 Payments from Surplus Moneys from 50 (50) TIF Districts 1999 Other Local Revenues 25,00 16, (25,00) Land Cash Fund 90,00 157, (101,00) Fund D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT

24 Revenue Report Printed: 6/22/2017 6:25 AM KANELAND CUSD #302 Page 7 of 16 Date Range: 7/1/2016 to 6/22/2017 Debt Service Fund for Land Cash 31 Source of Revenue 1510 Interest On Investments Account Description Revenue Y.T.D. Revenue Next Yrs. % of State Account Number 1510 Interest On Investments 4869 Build America Bonds Interest Reimb (171,155.00) 7400 Tr to Debt Svc to pay princ. on Capital Leases 7500 Tr to Debt Svc to pya interest on Capital Leases 7600 Transfers from Other Funds Pay 295,00 295,00 (175,00) 10 Principal Rev Bonds 7700 Transfers from Other Funds to Pay Int 36, , (25,20) on Rev Bonds 7990 Other Sources of Funds Not Classified Elsewhere 31 Debt Service Fund for Land Cash 331, , (371,355.00) Fund D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT

25 Revenue Report Printed: 6/22/2017 6:25 AM KANELAND CUSD #302 Page 8 of 16 Date Range: 7/1/2016 to 6/22/2017 Debt Service Fund #15 35 Source of Revenue 1112 Bond and Interest Purposes Levy Account Description Revenue Y.T.D. Revenue Next Yrs. % of State Account Number 1112 Bond and Interest Purposes Levy 5,183, ,175, (4,010,00) Interest On Investments 2, , (5,025.00) Refund-Prior Yr Expenditu 7230 Accrued Interest on Bonds Sold 35 Debt Service Fund #15 5,186, ,184, (4,015,025.00) Fund D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT

26 Revenue Report Printed: 6/22/2017 6:25 AM KANELAND CUSD #302 Page 9 of 16 Date Range: 7/1/2016 to 6/22/2017 Debt Service Fund #16 36 Source of Revenue 1112 Bond and Interest Purposes Levy Account Description Revenue Y.T.D. Revenue Next Yrs. % of State Account Number 1112 Bond and Interest Purposes Levy 5,324, ,315, (7,020,00) Interest On Investments 2, , (10,03) Other Local Revenues 2, Build America Bonds Interest Reimb 160, , Principal on Bonds Sold 7230 Accrued Interest on Bonds Sold 36 Debt Service Fund #16 5,488, ,488, (7,030,03) Fund D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT

27 Revenue Report Printed: 6/22/2017 6:25 AM KANELAND CUSD #302 Page 10 of 16 Date Range: 7/1/2016 to 6/22/2017 Debt Service Fund #17 37 Source of Revenue 1112 Bond and Interest Purposes Levy Account Description Revenue Y.T.D. Revenue Next Yrs. % of State Account Number 1112 Bond and Interest Purposes Levy 1510 Interest On Investments (15) Source Of Revenue Accrued Interest on Bonds Sold 37 Debt Service Fund # (15) Fund D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT

28 Revenue Report Printed: 6/22/2017 6:25 AM KANELAND CUSD #302 Page 11 of 16 Date Range: 7/1/2016 to 6/22/2017 Transportation Fund 40 Source of Revenue 1113 Transportation Purposes Levy Account Description Revenue Y.T.D. Revenue Next Yrs. % of State Account Number 1113 Transportation Purposes Levy 3,192, ,203, (1,498,57) Corp Pers Prop Repl Tax 1412 Reg Trans Fees from Other Districts 1,00 1, (1,00) (In-State) 1413 Reg Trans Fees from Other Sources 1, (In-State) 1415 Reg Trans Fees from Co-Curr 9,00 25, (20,00) Activities (In-State) 1510 Interest On Investments 8,02 33, (30,02) Refund-Prior Yr Expenditu 2, (2,50) Other Local Revenues General State Aid 3095 GSA Transition Assistance 3500 Transportation Regular/Vocational 2,615, , (1,800,00) Transportation-Spec Ed 1,379, , (1,300,00) Transportation-Other State Sources 4870 ARRA GSA-Govt.SFSF 7130 Permanent Transfer Among Funds 7140 Perm.Transf.of Interest 7300 Sale/Compen.for Fixed Assets 40 Transportation Fund 7,208, ,737, (4,652,09) Fund D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT

29 Revenue Report Printed: 6/22/2017 6:25 AM KANELAND CUSD #302 Page 12 of 16 Date Range: 7/1/2016 to 6/22/2017 IL Municipal Retirement Fund 51 Source of Revenue 1114 Municipal Retirement Purposes Levy Account Description Revenue Y.T.D. Revenue Next Yrs. % of State Account Number 1114 Municipal Retirement Purposes Levy 730, , (748,907.00) Corp Pers Prop Repl Tax 160,00 160,00 (160,00) Interest On Investments 81 4, (3,005.00) IL Municipal Retirement Fund 891, , (911,912.00) Fund D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT

30 Revenue Report Printed: 6/22/2017 6:25 AM KANELAND CUSD #302 Page 13 of 16 Date Range: 7/1/2016 to 6/22/2017 FICA & Medicare 52 Source of Revenue 1150 Soc.Sec./Med Only Levy Account Description Revenue Y.T.D. Revenue Next Yrs. % of State Account Number 1150 Soc.Sec./Med Only Levy 949, , (969,13) Corp Pers Prop Repl Tax 50,00 50,00 (50,00) Interest On Investments 1,01 5, (3,01) FICA & Medicare 1,000, ,008, (1,022,14) Fund D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT

31 Revenue Report Printed: 6/22/2017 6:25 AM KANELAND CUSD #302 Page 14 of 16 Date Range: 7/1/2016 to 6/22/2017 Capital Projects 60 Source of Revenue 1510 Interest On Investments Account Description Revenue Y.T.D. Revenue Next Yrs. % of State Account Number 1510 Interest On Investments 1920 Donations-Private Sources 1950 Refund-Prior Yr Expenditu 1999 Other Local Revenues 3792 Closing the Gap 3920 Infrastructure Improv-Planning/Construction 3999 Emer Fin Assist/Temp Reloc Grant/Other Restr Rev 7140 Perm.Transf.of Interest 7210 Principal on Bonds Sold 7220 Premiums on Bonds Sold 7230 Accrued Interest on Bonds Sold 7330 Compens.for Loss of Fixed Assets 60 Capital Projects Fund D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT

32 Revenue Report Printed: 6/22/2017 6:25 AM KANELAND CUSD #302 Page 15 of 16 Date Range: 7/1/2016 to 6/22/2017 Working Cash Fund 70 Source of Revenue 1115 Working Cash Purposes Levy Account Description Revenue Y.T.D. Revenue Next Yrs. % of State Account Number 1115 Working Cash Purposes Levy 97, , (99,552.00) Interest On Investments 1, , (5,001.00) Working Cash Fund 98, , (104,553.00) Fund D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT

33 Revenue Report Printed: 6/22/2017 6:25 AM KANELAND CUSD #302 Page 16 of 16 Date Range: 7/1/2016 to 6/22/2017 Fire Prevention & Safety Fund 90 Source of Revenue 1510 Interest On Investments Account Description Revenue Y.T.D. Revenue Next Yrs. % of State Account Number 1510 Interest On Investments (5.00) School Infrastructure & Maint Emer Fin Assist/Temp Reloc Grant/Other Restr Rev 7140 Perm.Transf.of Interest 7210 Principal on Bonds Sold 90 Fire Prevention & Safety Fund (5.00) Fund Report Total: 69,952, ,098, (73,188,811.00) D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT

34 Revenue Report (Custom) Printed: 6/22/2017 6:44 AM KANELAND CUSD #302 Page 1 of 2 Report as of: 6/22/2017 Education Fund 10 Source of Revenue 1000 TOTAL LOCAL REVENUE Account Description Revenue Y.T.D. Revenue Next Yrs. State Account Number 1000 TOTAL LOCAL REVENUE 35,459,56 35,584, (36,977,37) 3000 TOTAL STATE REVENUE 7,685, ,035, (7,782,262.00) 4000 TOTAL FEDERAL REVENUE 1,340, ,481, (1,425,571.00) 7000 Sources of Funds (3,000,00) 10 Education Fund 44,485, ,100, (49,185,203.00) Fund 1000 TOTAL LOCAL REVENUE 5,071, ,067, (5,795,348.00) 3000 TOTAL STATE REVENUE 100,00 20, TOTAL FEDERAL REVENUE 7000 Sources of Funds 20 Oper, Build, & Maint Fund 5,171, ,088, (5,795,348.00) Fund 1000 TOTAL LOCAL REVENUE 90,00 157, (101,00) 21 Land Cash Fund 90,00 157, (101,00) Fund 1000 TOTAL LOCAL REVENUE 4000 TOTAL FEDERAL REVENUE (171,155.00) 7000 Sources of Funds 331, , (200,20) 31 Debt Service Fund for Land Cash 331, , (371,355.00) Fund 1000 TOTAL LOCAL REVENUE 5,186, ,184, (4,015,025.00) 7000 Sources of Funds 35 Debt Service Fund #15 5,186, ,184, (4,015,025.00) Fund 1000 TOTAL LOCAL REVENUE 5,327, ,328, (7,030,03) 4000 TOTAL FEDERAL REVENUE 160, , Sources of Funds 36 Debt Service Fund #16 5,488, ,488, (7,030,03) Fund 1000 TOTAL LOCAL REVENUE (15) 3000 TOTAL STATE REVENUE D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT

35 Revenue Report (Custom) Printed: 6/22/2017 6:44 AM KANELAND CUSD #302 Page 2 of 2 Report as of: 6/22/2017 Debt Service Fund #17 37 Source of Revenue 7000 Sources of Funds Account Description Revenue Y.T.D. Revenue Next Yrs. State Account Number 7000 Sources of Funds 37 Debt Service Fund # (15) Fund 1000 TOTAL LOCAL REVENUE 3,213, ,264, (1,552,09) 3000 TOTAL STATE REVENUE 3,994, ,473, (3,100,00) 4000 TOTAL FEDERAL REVENUE 7000 Sources of Funds 40 Transportation Fund 7,208, ,737, (4,652,09) Fund 1000 TOTAL LOCAL REVENUE 891, , (911,912.00) 51 IL Municipal Retirement Fund 891, , (911,912.00) Fund 1000 TOTAL LOCAL REVENUE 1,000, ,008, (1,022,14) 52 FICA & Medicare 1,000, ,008, (1,022,14) Fund 1000 TOTAL LOCAL REVENUE 3000 TOTAL STATE REVENUE 7000 Sources of Funds 60 Capital Projects Fund 1000 TOTAL LOCAL REVENUE 98, , (104,553.00) 70 Working Cash Fund 98, , (104,553.00) Fund 1000 TOTAL LOCAL REVENUE (5.00) 3000 TOTAL STATE REVENUE 7000 Sources of Funds 90 Fire Prevention & Safety Fund (5.00) Fund Report Total: 69,952, ,098, (73,188,811.00) D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT

36 Kaneland Community Unit School District # Tentative Expenditure Report by Fund Unaudited /21/ Account Description Actual 10 Education Fund 46,786,127 46,995,387 47,626, Oper, Build, & Maint Fund 5,952,805 5,631,012 5,509, Land Cash Fund 331, , , Debt Service Fund for Land Cash 331, , , Bond & Interest #15 5,133,325 5,133,000 4,010, Bond & Interest #16 5,436,460 5,435,696 7,021, Bond & Interest # Transportation Fund 5,054,176 4,954,000 8,152, IL Municipal Retirement Fund 712, , , FICA & Medicare 937, , , Capital Projects Working Cash Fund Fire Prevention & Safety Fund 0 0 3,625 Report Total 70,675,641 70,372,100 74,502,036

37 Kaneland Community Unit School District # Tentative Expenditure Report by Fund Type Unaudited /21/ Account Description Actual Operating Funds 10 Education Fund 46,786,127 46,995,387 47,626, Oper, Build, & Maint Fund 5,952,805 5,631,012 5,509, Transportation Fund 5,054,176 4,954,000 8,152, Working Cash Fund Subtotal 57,793,108 57,580,399 61,288,909 Land Cash 21 Land Cash Fund 331, , , Debt Service Fund for Land Cash 331, , ,200 Subtotal 663, , ,400 Bond & Interest 35 Bond & Interest #15 5,133,325 5,133,000 4,010, Bond & Interest #16 5,436,460 5,435,696 7,021, Bond & Interest # Subtotal 10,569,785 10,568,696 11,032,455 Retirement/Social Security 51 IL Municipal Retirement Fund 712, , , FICA & Medicare 937, , ,506 Subtotal 1,649,698 1,561,102 1,639,647 Capital Projects 60 Capital Projects Subtotal Fire Prevention & Safety Fund 90 Fire Prevention & Safety Fund 0 0 3,625 Subtotal 0 0 3,625 All Funds Total 70,675,641 70,372,100 74,502,036

38 Kaneland Community Unit School District # Tentative Expenditure Report By Function Unaudited /21/ Account Description Actual 1000 INSTRUCTION 30,222,588 30,327,572 30,723, SUPPORT SERVICES 14,206,263 14,045,143 14,392, COMMUNITY SERVICES 23,885 28,732 28, PYMTS TO OTHER GOVT UNITS 2,333,391 2,593,940 2,482, DEBT SERVICE PROVISION FOR CONTINGENCIES SOURCES OF FUNDS OTHER FINANCING USES Education Fund 46,786,127 46,995,387 47,626, SUPPORT SERVICES 5,952,805 5,631,012 5,509, PROVISION FOR CONTINGENCIES Oper, Build, & Maint Fund 5,952,805 5,631,012 5,509, SUPPORT SERVICES 1, , DEBT SERVICES OTHER FINANCING USES 330, , , Land Cash Fund 331, , , DEBT SERVICES 331, , , Debt Service Fund for Land Cash 331, , , DEBT SERVICES 5,133,325 5,133,000 4,010, Bond & Interest #15 5,133,325 5,133,000 4,010, DEBT SERVICES 5,436,460 5,435,696 7,021, Bond & Interest #16 5,436,460 5,435,696 7,021, DEBT SERVICES Bond & Interest # SUPPORT SERVICES 5,054,176 4,954,000 5,152, PROVISION FOR CONTINGENCIES OTHER FINANCING USES 0 0 3,000, Transportation Fund 5,054,176 4,954,000 8,152, INSTRUCTION 197, , , SUPPORT SERVICES 514, , , COMMUNITY SERVICE PROVISION FOR CONTINGENCIES IL Municipal Retirement Fund 712, , , INSTRUCTION 458, , , SUPPORT SERVICES 478, , , COMMUNITY SERVICES PROVISION FOR CONTINGENCIES OTHER FINANCING USES FICA & Medicare 937, , , SUPPORT SERVICES PROVISION FOR CONTINGENCIES OTHER FINANCING USES Capital Projects OTHER FINANCING USES Working Cash Fund SUPPORT SERVICES 0 0 3, Fire Prevention & Safety Fund 0 0 3,625 Report Totals 70,675,641 70,372,100 74,502,035

39 Kaneland Community Unit School District # Tentative Expenditure Report By Object Unaudited /21/ Account Description Actual 100 Salaries 31,621,358 31,573,720 32,129, Employee Benefits 6,819,681 6,823,948 7,405, Purchased Services 2,397,363 2,335,428 2,370, Supplies And Materials 1,944,630 1,888,504 1,885, Capital Outlay 174, , , Other Objects (SPED and FVCC tuition) 3,348,183 3,729,914 3,496, Non-Capitalized Equipment 480, , , Education Fund 46,786,127 46,995,387 47,626, Salaries 518, , , Employee Benefits 102, , , Purchased Services 2,680,146 2,660,886 2,617, Supplies And Materials 1,211,650 1,219,711 1,209, Capital Outlay 1,305, , , Other Objects 124, ,457 6, Non-Capitalized Equipment 9,500 18,543 14, Oper, Build, & Maint Fund 5,952,805 5,631,012 5,509, Purchased Services Supplies And Materials Capital Outlay Other Objects 331, , , Land Cash Fund 331, , , Purchased Services 1, , Other Objects 330, , , Debt Service Fund for Land Cash 331, , , Purchased Services 1, Other Objects 5,132,325 5,132,325 4,010, Bond & Interest #15 5,133,325 5,133,000 4,010, Purchased Services 3,855 3,805 4, Other Objects 5,432,605 5,431,891 7,017, Bond & Interest #16 5,436,460 5,435,696 7,021, Purchased Services Other Objects Bond & Interest #

40 Unaudited /21/ Account Description Actual 100 Salaries 1,733,034 1,730,286 1,859, Employee Benefits 98,550 98, , Purchased Services 2,146,352 2,100,079 2,026, Supplies And Materials 614, , , Capital Outlay 421, , , Other Objects 1, , Non-Capitalized Equip 40,000 22,930 3,030, Transportation Fund 5,054,176 4,954,000 8,152, Employee Benefits 712, , , Other Objects IL Mun. Retirement Fund 712, , , Employee Benefits 937, , , Other Objects FICA & Medicare 937, , , Salaries Purchased Services Supplies And Materials Capital Outlay Other Objects Non-Capitalized Equipment Capital Projects Other Objects Working Cash Fund Purchased Services 0 0 3, Fire Prev. & Safety Fund 0 0 3,625 All Funds Total 70,675,641 70,372,100 74,502,036

41 Expenditures by Function - Operating Funds (Education, O&M, Transportation and Working Cash) Instruction 30,723,863 Support 25,054,453 Community Services 28,346 Pmts. to Other Govt. Units 2,482,246 Total 58,288,908 43% Operating Expenditures by Function % 4% 53% Instruction Support Community Services Expenditures by Object - Operating Funds (Education, O&M, Transportation and Working Cash) Salaries 34,540,425 Benefits 7,640,882 Purchase Services 7,013,992 Supplies 3,607,261 Capital Outlay 1,722,738 Other 503,920 Non-Capitalized Equipment 3,259,691 Total 58,288,909 12% 13% Operating Expenditures by Object Salaries % 1% 6% 3% 59% Benefits Purchase Services Supplies Capital Outlay Other Non-Capitalized Equipment

42 Expenditure Report - Tentative Printed: 6/22/2017 7:29 AM KANELAND CUSD #302 Page 1 of 16 Report as of: 6/30/2017 Education Fund 10 Function 1100 Regular K-12 Programs Object 100 Salaries Account Number Description FY17 FY17 Activity as of FY18 D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT 100 Salaries 17,543, ,553, ,659, Employee Benefits 3,704, ,735, ,960, Purchased Services 302, , , Supplies And Materials 620, , , Capital Outlay 95, , , Other Objects 9, , , Non-Capitalized Equipment 92, , , Regular K-12 Programs 22,369, ,357, ,669, Salaries 8,390, ,364, ,591, Employee Benefits 1,701, ,689, ,940, Purchased Services 304, , , Supplies And Materials 215, , , Capital Outlay 22, , , Other Objects 1,439, ,573, ,435, Non-Capitalized Equipment 10, , , Special Education Programs 12,085, ,133, ,568, Salaries 2,321, ,304, ,457, Employee Benefits 458, , , Purchased Services 454, , , Supplies And Materials 322, , , Capital Outlay 56, , , Other Objects 6, , , Non-Capitalized Equipment 361, , , Support Serv Instruc Stf 3,981, ,011, ,741, Salaries 526, , , Employee Benefits 86, , , Purchased Services 185,24 159, , Supplies And Materials 18,10 12, , Capital Outlay

43 Expenditure Report - Tentative Printed: 6/22/2017 7:29 AM KANELAND CUSD #302 Page 2 of 16 Report as of: 6/30/2017 Education Fund 10 Function 2300 Support Serv General Admn Object 600 Other Objects Account Number Description FY17 FY17 Activity as of FY18 D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT 600 Other Objects 15,61 15, , Non-Capitalized Equipment 2300 Support Serv General Admn 832, , , Salaries 1,650, ,645, ,628, Employee Benefits 439, , , Purchased Services 41, , , Supplies And Materials 59, , , Capital Outlay 600 Other Objects 8, , , Non-Capitalized Equipment 11, , Support Svs. Sch Admins 2,209, ,189, ,231, Salaries 972,68 967, ,012, Employee Benefits 278, , , Purchased Services 160, , , Supplies And Materials 702, , , Capital Outlay 12, Other Objects 69, , , Non-Capitalized Equipment 4, , , Support Serv Business 2,187, ,128, ,278, Salaries 204,01 203, , Employee Benefits 41, , , Purchased Services 47,75 30, , Supplies And Materials 5,10 3, , Capital Outlay 600 Other Objects 2, , Support Services - Centrl 300, , , Salaries 11, , , Employee Benefits 108, , , Purchased Services 362, , ,593.08

44 Expenditure Report - Tentative Printed: 6/22/2017 7:29 AM KANELAND CUSD #302 Page 3 of 16 Report as of: 6/30/2017 Education Fund 10 Function 2900 Other Support Services Object 400 Supplies And Materials Account Number Description FY17 FY17 Activity as of FY Supplies And Materials 2, , , Other Objects 1,85 1, , Other Support Services 486, , , Salaries Employee Benefits Purchased Services 400 Supplies And Materials 3300 Civic Services Salaries 200 Employee Benefits 3900 Other Community Services 300 Purchased Services 537, , , Other Objects 12, , , Pymnt Othr Gov Unit-In St 550, , , Other Objects 1,783, ,049, ,933, Payments to Other Govt Units 1,783, ,049, ,933, (In-State) Tuition 600 Other Objects 5200 Debt Service - Interest on Long-Term Debt 600 Other Objects 5300 Debt Service - Payment of Principal Long Term Debt 600 Other Objects 6000 Provision For Contingencies 700 Non-Capitalized Equipment 7130 Perm Transfers FROM Other Funds 600 Other Objects 8100 Perm Transfer To Other Funds D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT

45 Expenditure Report - Tentative Printed: 6/22/2017 7:29 AM KANELAND CUSD #302 Page 4 of 16 Report as of: 6/30/2017 Education Fund 10 Function 8100 Perm Transfer To Other Funds Object 600 Other Objects Account Number Description FY17 FY17 Activity as of FY18 10 Education Fund 46,786, ,995, ,626, Fund D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT

46 Expenditure Report - Tentative Printed: 6/22/2017 7:29 AM KANELAND CUSD #302 Page 5 of 16 Report as of: 6/30/2017 Oper, Build, & Maint Fund 20 Function 2500 Support Serv Business Object 100 Salaries Account Number Description FY17 FY17 Activity as of FY Salaries 518, , , Employee Benefits 102, , , Purchased Services 2,589, ,570, ,530, Supplies And Materials 1,211,65 1,219, ,209, Capital Outlay 1,305, , , Other Objects 124, , , Non-Capitalized Equipment 9,50 18, , Support Serv Business 5,861, ,540, ,422, Purchased Services 90, , , Other Objects 2900 Other Support Services 90, , , Other Objects 4100 Pymnt Othr Gov Unit-In St 600 Other Objects 5100 Debt Service-Interest on Short-Term Debt 600 Other Objects 5300 Debt Service - Payment of Principal Long Term Debt 600 Other Objects 6000 Provision For Contingencies 20 Oper, Build, & Maint Fund 5,952, ,631, ,509, Fund D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT

47 Expenditure Report - Tentative Printed: 6/22/2017 7:29 AM KANELAND CUSD #302 Page 6 of 16 Report as of: 6/30/2017 Land Cash Fund 21 Function 2500 Support Serv Business Object 300 Purchased Services Account Number Description FY17 FY17 Activity as of FY Purchased Services 400 Supplies And Materials 500 Capital Outlay 2500 Support Serv Business 600 Other Objects 1, , Other Support Services 1, , Other Objects 5100 Debt Service-Interest on Short-Term Debt 600 Other Objects 5300 Debt Service - Payment of Principal Long Term Debt 600 Other Objects 330, , , Perm Transfer To Other Funds 330, , ,20 21 Land Cash Fund 331, , ,20 Fund D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT

48 Expenditure Report - Tentative Printed: 6/22/2017 7:29 AM KANELAND CUSD #302 Page 7 of 16 Report as of: 6/30/2017 Debt Service Fund for Land Cash 31 Function 5200 Debt Service - Interest on Long-Term Debt Object 600 Other Objects Account Number Description FY17 FY17 Activity as of FY Other Objects 35, , , Debt Service - Interest on Long-Term 35, , ,20 Debt 300 Purchased Services 1, , Other Objects 295,00 295,00 310, Debt Service - Payment of Principal 296,00 295, ,00 Long Term Debt 31 Debt Service Fund for Land Cash 331, , ,20 Fund D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT

49 Expenditure Report - Tentative Printed: 6/22/2017 7:29 AM KANELAND CUSD #302 Page 8 of 16 Report as of: 6/30/2017 Debt Service Fund #15 35 Function 5200 Debt Service - Interest on Long-Term Debt Object 600 Other Objects Account Number Description FY17 FY17 Activity as of FY Other Objects 2,422, ,422, ,848, Debt Service - Interest on Long-Term 2,422, ,422, ,848, Debt 300 Purchased Services 1, Other Objects 2,710, ,710, ,161, Debt Service - Payment of Principal 2,711, ,710, ,162, Long Term Debt 600 Other Objects 8100 Perm Transfer To Other Funds 35 Debt Service Fund #15 5,133, ,133,00 4,010,50 Fund D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT

50 Expenditure Report - Tentative Printed: 6/22/2017 7:29 AM KANELAND CUSD #302 Page 9 of 16 Report as of: 6/30/2017 Debt Service Fund #16 36 Function 5200 Debt Service - Interest on Long-Term Debt Object 600 Other Objects Account Number Description FY17 FY17 Activity as of FY Other Objects 3,187, ,186, ,122, Debt Service - Interest on Long-Term 3,187, ,186, ,122, Debt 300 Purchased Services 3, , , Other Objects 2,245,00 2,245,00 3,895, Debt Service - Payment of Principal 2,248, ,248, ,899,00 Long Term Debt 600 Other Objects 8100 Perm Transfer To Other Funds 36 Debt Service Fund #16 5,436,46 5,435, ,021, Fund D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT

51 Expenditure Report - Tentative Printed: 6/22/2017 7:29 AM KANELAND CUSD #302 Page 10 of 16 Report as of: 6/30/2017 Debt Service Fund #17 37 Function 5200 Debt Service - Interest on Long-Term Debt Object 600 Other Objects Account Number Description FY17 FY17 Activity as of FY Other Objects 5200 Debt Service - Interest on Long-Term Debt 300 Purchased Services 600 Other Objects 5300 Debt Service - Payment of Principal Long Term Debt 600 Other Objects 8100 Perm Transfer To Other Funds 37 Debt Service Fund #17 Fund D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT

52 Expenditure Report - Tentative Printed: 6/22/2017 7:29 AM KANELAND CUSD #302 Page 11 of 16 Report as of: 6/30/2017 Transportation Fund 40 Function 2500 Support Serv Business Object 100 Salaries Account Number Description FY17 FY17 Activity as of FY Salaries 1,733, ,730, ,859, Employee Benefits 98, , , Purchased Services 2,146, ,100, ,026, Supplies And Materials 614,00 602, , Capital Outlay 421,24 399, , Other Objects 1, , Non-Capitalized Equipment 40,00 22, , Support Serv Business 5,054, ,953, ,152, Purchased Services 4100 Pymnt Othr Gov Unit-In St 600 Other Objects 6000 Provision For Contingencies 600 Other Objects 700 Non-Capitalized Equipment 3,000, Perm Transfer To Other Funds 3,000,00 40 Transportation Fund 5,054, ,953, ,152, Fund D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT

53 Expenditure Report - Tentative Printed: 6/22/2017 7:29 AM KANELAND CUSD #302 Page 12 of 16 Report as of: 6/30/2017 IL Municipal Retirement Fund 51 Function 1100 Regular K-12 Programs Object 200 Employee Benefits Account Number Description FY17 FY17 Activity as of FY Employee Benefits 33, , , Regular K-12 Programs 33, , , Employee Benefits 238, , , Special Education Programs 238, , , Employee Benefits 64,30 63, , Support Serv Instruc Stf 64,30 63, , Employee Benefits 12, , , Support Serv General Admn 12, , , Employee Benefits 47, , , Support Svs. Sch Admins 47, , , Employee Benefits 308, , , Support Serv Business 308, , , Employee Benefits 7, , , Support Services - Centrl 7, , , Employee Benefits Other Support Services Employee Benefits 3300 Civic Services 200 Employee Benefits 3900 Other Community Services 600 Other Objects 6000 Provision For Contingencies 51 IL Municipal Retirement Fund 712, , , Fund D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT

54 Expenditure Report - Tentative Printed: 6/22/2017 7:29 AM KANELAND CUSD #302 Page 13 of 16 Report as of: 6/30/2017 FICA & Medicare 52 Function 1100 Regular K-12 Programs Object 200 Employee Benefits Account Number Description FY17 FY17 Activity as of FY Employee Benefits 287, , , Regular K-12 Programs 287, , , Employee Benefits 266, , , Special Education Programs 266, , , Employee Benefits 72, , , Support Serv Instruc Stf 72, , , Employee Benefits 15, , , Support Serv General Admn 15, , , Employee Benefits 51, , , Support Svs. Sch Admins 51, , , Employee Benefits 236, , , Support Serv Business 236, , , Employee Benefits 7, , , Support Services - Centrl 7, , , Employee Benefits Other Support Services Employee Benefits Civic Services Employee Benefits 3900 Other Community Services 600 Other Objects 6000 Provision For Contingencies 200 Employee Benefits Perm Transfers FROM Other Funds FICA & Medicare 937,40 886, , Fund D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT

55 Expenditure Report - Tentative Printed: 6/22/2017 7:29 AM KANELAND CUSD #302 Page 14 of 16 Report as of: 6/30/2017 Capital Projects 60 Function 1100 Regular K-12 Programs Object 500 Capital Outlay Account Number Description FY17 FY17 Activity as of FY Capital Outlay 1100 Regular K-12 Programs 100 Salaries 300 Purchased Services 400 Supplies And Materials 500 Capital Outlay 600 Other Objects 700 Non-Capitalized Equipment 2500 Support Serv Business 300 Purchased Services 600 Other Objects 2900 Other Support Services 600 Other Objects 6000 Provision For Contingencies 600 Other Objects 8100 Perm Transfer To Other Funds 60 Capital Projects Fund D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT

56 Expenditure Report - Tentative Printed: 6/22/2017 7:29 AM KANELAND CUSD #302 Page 15 of 16 Report as of: 6/30/2017 Working Cash Fund 70 Function 2900 Other Support Services Object 600 Other Objects Account Number Description FY17 FY17 Activity as of FY Other Objects 2900 Other Support Services 600 Other Objects 8100 Perm Transfer To Other Funds 70 Working Cash Fund Fund D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT

57 Expenditure Report - Tentative Printed: 6/22/2017 7:29 AM KANELAND CUSD #302 Page 16 of 16 Report as of: 6/30/2017 Fire Prevention & Safety Fund 90 Function 2500 Support Serv Business Object 300 Purchased Services Account Number Description FY17 FY17 Activity as of FY Purchased Services 3, Supplies And Materials 500 Capital Outlay 2500 Support Serv Business 3, Fire Prevention & Safety Fund 3, Fund Report Total: 70,675, ,372, ,502, D:\TS\Kaneland\SDSv8\Finance\Swf_brp3_P.RPT

58 Community Unit School District #302 Preliminary, Subject to Change. (Kaneland) Outstanding Principal, Accreted Value and Interest Expense GO Bonds Debt Certificates Total Principal/ Total Debt Levy Year Fiscal Year Original Principal Future Accreted Value Accreted Value Interest Expense Total GO Debt Service Principal Interest Certificate Debt Service $ 5,277,287 $ 2,406,708 $ 221,005 $ 3,122,955 $ 11,027,955 $ 310,000 $ 25,200 $ 335, ,598,642 2,441, ,319 3,039,805 11,539, ,000 12, , ,841,340 2,449, ,541 2,875,605 11,885, ,928,932 2,629,590 1,081,478 2,700,555 12,340, ,579,508 2,850,822 1,549,671 2,528,905 12,508, ,913,144 3,777,528 2,554,328 2,375,355 12,620, ,717, , ,464 2,295,905 12,620, ,088, , ,364 1,864,355 12,624, ,527, , ,046 1,408,865 12,623, ,859, ,239 1,176, ,115 12,627, ,196, ,870 1,900, ,015 12,584, ,889,415 2,019,129 4,846, ,150 14,017, Total: $ 88,416,717 $ 21,071,233 $ 15,552,049 $ 23,980,585 $ 149,020,585 $ 630,000 $ 38,000 $ 668,000 06/21/17 Prepared by PMA Securities, Inc Kaneland 302 Debt File JLC 06/21/17

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