ROBBINSDALE AREA SCHOOLS BUDGET

Transcription

1 ROBBINSDALE AREA SCHOOLS INDEPENDENT SCHOOL DISTRICT #281 NEW HOPE, MINNESOTA Serving the communities of Brooklyn Center, Brooklyn Park, Crystal, Golden Valley, New Hope, Plymouth and Robbinsdale BUDGET

2 BUDGET OVERVIEW The Robbinsdale Area School District s fiscal year commences July 1 of each year, which is consistent with most school districts and is law in Minnesota. The School Board, by law, must have a budget adopted for the upcoming fiscal year prior to July 1. The budget sets forth the financial plan for the forthcoming fiscal year. It is based on the projected financial needs of the District, and serves to allocate limited resources in the best possible way to provide the best educational opportunities to students. FINANCIAL STRUCTURE The financial activity of the District is accounted for in several funds. Each fund is an independent accounting entity having its own set of accounts, assets, liabilities, fund balances, revenues and expenditures. The Budget, approved by the School Board, reports on the following funds: General, General Fund (Capital Expenditure), Child Nutrition, Community Service, Building Construction and Debt Service. GENERAL FUND The General Fund is used to account for K-12 educational activities, instructional and student support programs. Administrative, operational, building maintenance and legal expenditures not specifically designated to be accounted for in any other fund are also recorded within the General Fund. Transportation Services The General Fund is also used to show all financial activities of the District's pupil transportation program. Chargebacks will be made against other operating funds when appropriate. Capital Expenditures Revenue for total operating capital, the capital lease levy and revenue from bonds for certain capital facilities must be recorded in the reserve for operating capital in the General Fund. Revenue for Health and Safety and for Disabled Accessibility must be recorded in the Reserves for these purposes in the General Fund. Revenue and expenses from the Technology Levy are also recorded in this fund. Proceeds from the sale or exchange of school buildings or real property must be used according to the requirements of M.S , Subd. 13. Where this statute permits deposit in the Capital Expenditure Fund, the proceeds must be deposited in the Reserve for Operating Capital in the General Fund. 1

3 CHILD NUTRITION FUND The Child Nutrition Fund is used to record financial activities of a school district's food service program. Food service includes activities for the purpose of preparation and service of milk, meals and snacks in connection with school and community service activities. All expenditures relating to meal preparation must be recorded in the Child Nutrition Fund. Eligible expenditures include application processing, meal accountability, food preparation, meal service and kitchen custodial service. COMMUNITY SERVICE FUND The Community Service Fund is used to record all financial activities of the Community Service program. The focus of Community Education is enrichment programs for any age level that are not part of the K-12 education program. Community Education programming may also include K-12 summer school enrichment activities which, although educational in nature, are not for credit and are not required for graduation. A district may spend up to 10 percent of its community education revenue (levy, aids and fees) to purchase or lease computers and related items, equipment for instructional programs and library books used exclusively for community education. BUILDING CONSTRUCTION FUND The Building Construction Fund is used to record all operations of a district's building construction program that are funded by the sale of bonds or by capital loans. Revenues and expenses relating to the District s state approved Long Term Facility Maintenance Program are generally recorded in this fund. Construction costs for buildings and additions consist of the following: expenditures for general construction, advertisement for contracts, payments on contracts for construction, installations of plumbing, heating, lighting, ventilating and electrical systems, expenditures for lockers, elevators, and other equipment, architectural and engineering services, travel expenses, paint and decorating expenses, and any other related costs. Also includes the costs of floating the bond issue in this fund by reclassification from the General Fund. DEBT SERVICE FUND The Debt Service Fund is used to record revenue and expenditures for a school district's outstanding bonded indebtedness, whether for building construction or operating capital, and whether for initial or refunding bonds. When a bond issue is sold, the school board must levy a direct general tax upon the property of the District for the payment of principal and interest on such bonds as due. The revenue from such a tax and related state aid must be separately accounted for in a Debt Service Fund. 2

4 REVENUE ASSUMPTIONS GENERAL FUND REVENUE ASSUMPTIONS (Fund 01/03) Estimated Revenue $162,720,192 State General Education Aid: State Basic General Education Aid is budgeted at $85,235,949 inclusive of the (Student Achievement levy). Under current law the basic formula amount is derived from (estimated adjusted pupil units served * $6,067). The basic formula is increased 2.00% from the school year. The basic general education aid serves as the district s primary funding source, accounting for 52.7% of the general operating fund revenue. Per-Pupil-Unit Allocation-Basic General Education: School Year Basic Formula Formula Change $5, % $5, % $6, % Other components of General Education Aid amount to $16,769,778. Other components of General Education Aid are listed below: Other General Education Aid Gifted and Talented $182,651 Extended Time $1,077,221 Compensatory Revenue $12,841,013 Limited English Program $981,821 Transportation Sparsity $3,373 Referendum Aid $1,683,699 TOTAL $16,769,778 3

5 Enrollment Pupil Units-The district has projected annual average daily membership served to be 12,842 for the school year. The average daily membership (ADM) is based upon enrollment and is the basis for the calculation of general education aid. ADM calculates actual membership time rather than simple enrollment counts at a given point in time. This also includes the net impact of open enrollment agreements with other Minnesota districts. ADM includes students who leave the district through tuition agreements and excludes students who enter the district with a tuition agreement. Projected enrollment for the school year: Grade Level ADM Weight WADM Pre Ktg Handicapped Ktg Kindergarten Grade 1-3 Grade 4-6 Grade ,877 2,859 6, / , , , Totals 12,842 14, Extended Time WADM

6 Property Taxes: Property tax revenue is budgeted at $29,837,427 exclusive of the student achievement levy that is included in the basic formula above. Revenue from property taxes provides the second largest source of revenue for the General Fund, representing 19.3% of total revenue. Levy portion of the current operating referendum and prior year adjustments are estimated at $19,969,594 and account for 64.52% of General Fund property tax revenue. The District s operating referendum authority for the school year is estimated at $1,411 per students served. The state aid portion of the referendum is shown on page 3 in the Other General Education Aid chart. General Fund Designated Levies Equity $ 1,610,656 Referendum 18,620,739 Transition 279,472 Integration 822,364 Safe Schools 720,448 Career Technical 192,584 Location Equity 6,141,940 Re-employment 77,700 Alternative Compensation 1,131,340 Adjustments 240,184 TOTAL $ 29,837,427 Other State (Categorical) Aid: State supported programs are budgeted at $20,723,076. Special education categorical aid makes up 62.84% of this category and is estimated at $13,023,090. State aid for special education is a formula that is based upon district special education expenditures and statewide funding limits. Other State Aid components are listed below: Other State Categorical Aid Special Education (regular) $13,023,090 Integration 1,911,057 Nonpublic Transportation 289,471 Integration Transportation 1,477,946 State Grants 769,072 Endowment Fund 378,068 Literacy Aid 697,694 Alternative Compensation 2,176,678 Total $20,723,076 5

7 Federal Sources: Federal Revenue is budgeted at $6,422,376. Title Programs-Entitlement computations use federal funding limits, enrollment data and the number of pupils in various programs. Expenditures will match total revenues in the Title Programs. Local Tuition, Fees and Admissions: Revenue in this category is budgeted to decrease to $3,731,586. Items in this category include misc. fees, admissions, gate receipts and interest revenue. CAPITAL FUND REVENUE ASSUMPTIONS (Fund 05) Total capital fund revenue is expected to be $18,904,577. Major components of the capital fund revenue include operating capital levy and aid, health and safety state aid, capital projects and building lease levy. The sale of Certificates of Participation in the amount of $9,137,700 to finance additions to elementary schools as approved in the District s Long Term Facility Plan is anticipated in the revenue total above. FOOD SERVICE FUND REVENUE ASSUMPTIONS (Fund 02) Revenue in the food service fund is budgeted to be $7,506,387. No increases to breakfast, lunch or milk prices. Meal Costs Elementary Lunch $2.40 Middle School Lunch $2.60 High School Lunch $2.75 Breakfast $1.30 Milk/Juice $.50/$.40 State and federal reimbursements rates for the school year are shown in the table below. Schools that serve at least 40% lunches at free/reduced prices qualify for Severe Need (SV) breakfast rates. 6

8 Federal Rate State Rate Lunch-Paid $0.36 $0.125 Lunch-Reduced Rate $2.77 $0.525 Lunch-Free $3.18 $0.125 Breakfast Paid $0.30 $0.55 Breakfast Reduced $1.37 $0.30 Breakfast Free $1.67 Breakfast Paid (SV) $0.30 $.55 Breakfast Reduced (SV) $1.70 $.30 Breakfast Free (SV) $2.01 COMMUNITY EDUCATION REVENUE ASSUMPTIONS (Fund 04) Total revenue for the community education fund is budgeted at $8,409,808. Additional assumptions used for developing the revenue budget include:. ECFE revenue from the state levy and aid will increase because of an increase in per child funding Creative Play Preschool tuition will increase. School Readiness state aid will increase Adventure Club fees will increase Adult Basic Education state reimbursement is calculated at $5.90 per contact hour and $22.00 an hour for Adult Disability students. Youth Enrichment revenue will decrease by $28,000 as a result of both pools closing in July and August of 2016 for repairs Fees for community use of school spaces will be adjusted upwards $1.00 per hour if the fees are below the average of surrounding communities. CONSTRUCTION FUND REVENUE ASSUMPTIONS (Fund 06) The Construction Fund is used to account for Long term Facilities Maintenance projects. The fund is expected to have state aid revenue totaling $292,575. Long term Facility Maintenance Bonds have been sold in the prior year to fund state approved projects for the current year. DEBT SERVICE FUND REVENUE ASSUMPTIONS (Fund 07/Fund 47 OPEB) Debt service fund revenue is estimated to be at $19,106,808. The revenue is directly linked to the debt service principal and interest bond payment schedule. 7

9 EXPENDITURE ASSUMPTIONS GENERAL FUND EXPENDITURE ASSUMPTIONS (Fund 01/03) Total General Fund expenditure budget is estimated to be $163,907,689. This includes the following for : The salaries and employee benefits budget ($107,431,392 and $30,182,099) includes salary and benefits for all employee groups covered in the general fund. The salaries and wages and employee benefits budget includes: a) Increased salary and wage costs for longevity, education, pay rates and other items included in bargaining agreements. b) Increased costs for statutory benefits (TRA, PERA, FICA, unemployment and workers compensation). c) Increased costs for other collectively bargained benefits (health & dental insurance) associated with all employee groups. d) Expenditures for Alternative Compensation Program. Other District Staffing Assumptions: Student to Staff Ratios ELEMENTARY Range KINDERGARTEN (18-25) 1 ST GRADE (19-26) 2 ND GRADE (21-28) 3 RD GRADE (21-28) 4 TH GRADE (22-29) 5 TH GRADE (23-30) MIDDLE SCHOOL STUDENT TO TEACHER RATIO GRADE HIGH SCHOOL STUDENT TO TEACHER RATIO GRADE

10 Special Education Staffing Ratios The special education department will utilize the same staffing ratios in planning for as were utilized for They are as follows: Weighted student numbers (based on amount of special education service received): Federal setting I 1.0 Federal setting II 1.25 Federal setting III 1.5 Licensed resource-level teachers: Elementary 18:1 (weighted student #) Middle School 18:1 (weighted student #) High School 20:1 (weighted student #) Center-based classrooms (ASD, DCD, EBD): 8:1; can be adjusted based on amount of time students participate in the mainstream. Early Childhood Special Education classrooms: 8:1 Speech/Language: 50:1 Psychologist: 1,500 students: 1.0 (total student population): additional allocation based on number of center-based classrooms in the building. Social Workers: Elementary 100:1 (weighted student #) Middle School 200:1 (weighted student #) High School 250:1 (weighted student #) Occupational Therapists: 50:1 Physical Therapists: 50:1 Adapted Phy Ed: 6 students = 1 class/.1 FTE Center-base classrooms DCD/CID 2 classes =.15 FTE EBD 2 classes =.10 FTE Support Staff All support staff positions currently in place will remain in place for unless reduced due to loss of revenue for a specific program (i.e. grants, special funding) or a specific planned program reduction. Non-staff expenditures are budgeted $26,294,198 representing 16% of total General Fund Expenditures. Expenditures in this area include building operations/utilities $5,802,511 building supply allocation $1,438,589 and transportation contracted services $8,073,252. 9

11 CAPITAL FUND EXPENDITURE ASSUMPTIONS (Fund 05) Budgeted Capital Fund expenditures for the school year are estimated at $18,546,341. The operating capital portion of this fund includes expenditures grouped into three categories and amounts to $3,626,358. The total is derived from expenditures for equipment $861,000, facilities $2,157,933 and the health/safety program in the amount of $607,425. Other Capital Fund expenditures include the lease levy program and the capital projects (technology levy). The lease levy program includes expenditures for elementary additions (approved as part of our Long Term Facilities Plan) in the amount of $8,137,700. Planned expenditures relating to the technology levy are estimated at $3,789,447. FOOD SERVICE FUND EXPENDITURE ASSUMPTIONS (Fund 02) Expenditures in the food service fund are budgeted at $7,309,717 Salary and benefits include step and percentage increases per the negotiated Child Nutrition contract. Capital equipment costs of $700,000 are to continue replacement of aging equipment. COMMUNITY EDUCATION EXPENDITURE ASSUMPTIONS (Fund 04) Salaries and benefits will reflect bargaining group agreements. Community Education programs will pay space lease costs of $6.32/square foot (3% increase) for dedicated office and classroom space, as well as a chargeback for technology. Each Community Education program area contributes resources to fund administrative infrastructure. CONSTRUCTION FUND EXPENDITURE ASSUMPTIONS (Fund 06) Deferred maintenance projects that are funded through the Long Term Facilities Maintenance program are projected to be $34,443,445. Budgeted expenditures follow a plan that is annually approved by the Minnesota Department of Education. An additional $4,886,350 is budgeted for the completion of the districts energy efficiency upgrades. 10

12 DEBT SERVICE FUND EXPENDITURE ASSUMPTIONS (Fund 07/Fund 47 OPEB) Debt service fund expenditures are estimated at $27,879,901. The expenditures are directly linked to the debt service principal and interest bond payment schedule. 11

13 BUDGET COMPARISON REVENUE BUDGET COMPARISON Revised Proposed Budget Budget Fund $ Change % Change GENERAL /TRANSPORTATION $ 158,243,103 $ 162,720,192 $ 4,477, % CHILD NUTRITION 7,506,474 7,506,387 (87) 0.00% COMMUNITY SERVICES 8,271,632 8,409, , % CAPITAL EXPENDITURE 8,805,505 18,904,577 10,099, % BUILDING CONSTRUCTION 71,500, ,575 (71,208,320) % DEBT SERVICE 29,583,973 19,106,808 $ (10,477,165) % TOTAL $ 283,911,582 $ 216,940,347 $ (66,971,235) % INDEPENDENT SCHOOL DISTRICT #281 BUDGET COMPARISON EXPENDITURE BUDGET COMPARISON Revised Proposed Budget Budget Fund $ Change % Change GENERAL/TRANSPORTATION $ 158,995,197 $ 163,907,689 $ 4,912, % CHILD NUTRITION 7,132,380 7,309, , % COMMUNITY SERVICES 8,386,899 8,593, , % CAPITAL EXPENDITURE 9,124,437 18,546,341 9,421, % BUILDING CONSTRUCTION 26,984,822 39,329,795 12,344, % DEBT SERVICE 20,779,282 27,879,901 $ 7,100, % TOTAL $ 231,403,017 $ 265,566,818 $ 34,163, % 12

14 BUDGET COMPARISON TOTAL FUND BALANCE COMPARISON Revised Proposed Budget Budget Fund $ Change % Change GENERAL/TRANSPORTATION $ 16,822,861 $ 15,635,364 $ (1,187,497) -7.06% CHILD NUTRITION 2,090,929 2,287, , % COMMUNITY SERVICES 1,448,702 1,265,135 (183,567) % CAPITAL EXPENDITURE 1,241,177 1,599, , % BUILDING CONSTRUCTION 44,249,883 5,212,663 (39,037,220) % DEBT SERVICE 11,483,754 2,710,661 $ (8,773,093) % TOTAL $ 77,337,306 $ 28,710,835 $ (48,626,471) % 13

15 GENERAL FUND GENERAL AND TRANSPORTATION ACCOUNTS SUMMARY STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES Revised Proposed Actual Actual Actual Budget Budget REVENUES: General Education Formula $ 84,552,602 $ 87,149,042 $ 93,467,095 $ 99,099,188 $ 102,005,727 Referendum Property Taxes 23,750,302 24,406,723 25,512,531 24,597,606 24,762,680 Other Property Taxes 3,200,580 3,080,006 3,481,996 4,621,280 4,834,564 State Categorical Aids 14,063,178 15,688,532 18,292,987 20,030,021 20,963,259 Federal Aids 6,394,659 6,289,947 5,730,357 6,218,700 6,422,376 Local Tuition/Grants/Other 3,826,608 4,549,012 4,191,691 3,676,308 3,731,586 TOTAL REVENUE $ 135,787,929 $ 141,163,262 $ 150,676,657 $ 158,243,103 $ 162,720,192 EXPENDITURES: Salaries and Wages $ 82,977,520 $ 85,774,186 $ 94,790,656 $ 103,242,203 $ 107,431,392 Employee Benefits 26,657,719 28,958,290 28,177,591 29,243,682 30,182,099 Purchased Services 20,665,280 21,875,939 21,571,183 21,471,102 21,612,181 Supplies 4,885,415 3,939,309 4,575,253 4,032,856 3,818,760 Equipment and Capital Chargeback 827, , , , ,710 Short Term Borrowing Other Expenses 450, , , , ,547 TOTAL EXPENDITURES $ 136,464,471 $ 141,805,573 $ 150,164,803 $ 158,995,197 $ 163,907,689 REVENUES OVER (UNDER) EXPENDITURES $ (676,542) $ (642,311) $ 511,854 $ (752,094) $ (1,187,497) REVENUES AND OTHER SOURCES OVER (UNDER) EXPENDITURES $ (676,542) $ (642,311) $ 511,854 $ (752,094) $ (1,187,497) FUND BALANCE ADJUSTMENT BEGINNING TOTAL FUND BALANCE $ 18,381,954 $ 17,705,412 $ 17,063,101 $ 17,574,955 $ 16,822,861 ENDING TOTAL FUND BALANCE $ 17,705,412 $ 17,063,101 $ 17,574,955 $ 16,822,861 $ 15,635,364 14

16 GENERAL FUND REVENUE GENERAL AND TRANSPORTATION ACCOUNTS Revised Proposed Actual Actual Actual Budget Budget ENROLLMENT (Students Served) Pre K K , , , , , ,026 1, ,078 1,021 1,063 1,164 1,082 TOTAL ENROLLMENT 12,181 12,300 12,313 12,722 12,842 WEIGHTED PUPIL UNITS PRE K/ KINDERGARTEN , , ,836 5,969 5,479 5,829 5, ,612 7,567 6,949 7,081 7,276 TOTAL WEIGHTED PUPIL UNITS * 14,105 14,219 13,465 13,901 14,050 Extended Time Pupil Units Computed using weighting factors:.612 for K, for 1-3, for 4-6 and for ( thru ) Computed using weighting factors: 1.0 for K-6 and for ( ) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ GENERAL EDUCATION FORMULA ALLOWANCE 5,224 5,302 5,831 5,947 6,066 BASIC GENERAL EDUCATION FUNDING 74,348,741 74,583,127 78,132,207 82,676,973 85,235,949 EXTENDED TIME 1,029,028 1,049,948 1,065,778 1,077,221 GIFTED & TALENTED 169, , , , ,651 OTHER AIDS 3,526 3,383-3,337 3,373 ADJUSTMENTS LOCATION OPTIONAL/REFERENDUM/EQUITY 1,758,702 2,255,720 1,683,699 COMPENSATORY REV(BASIC SKILLS) 9,298,009 10,426,903 11,498,723 11,945,278 12,841,013 COMPENSATORY REV(LIMITED ENGLISH) 733, , , , ,821 TOTAL GENERAL EDUCATION REVENUE $ 84,552,602 $ 87,149,042 93,467,095 99,099, ,005,727 OPERATING REFERENDUM and ADJUSTMENTS LEVY 23,750,302 24,406,723 19,866,632 18,863,920 18,620,740 LOCATION OPTIONAL LEVY 5,645,899 5,733,686 6,141,940 OTHER PROPERTY TAXES REEMPLOYMENT 494, , , , ,000 CRIME/SAFE SCHOOLS 526, , , , ,448 CAREER AND TECHNICAL 277, , , , ,584 ALTERNATIVE COMPENSATION - - 1,097,153 1,143,169 1,131,340 TRANSITION 279, , , , ,472 15

17 Revised Proposed Actual Actual Actual Budget Budget INTEGRATION 536, , , , ,364 EQUITY 1,087, , ,677 1,659,838 1,610,656 OTHER PROPERTY TAXES/ADJUSTMENTS - 74,482 (273,500) (231,684) (147,300) TOTAL OTHER PROPERTY TAXES $ 3,200,580 $ 3,080,006 3,481,996 4,621,280 4,834,564 STATE AIDS SPECIAL EDUCATION 9,932,311 10,592,883 11,796,233 12,561,596 13,023,090 ENDOWMENT FUND APPORTIONMENT 369, , , , ,068 LITERACY AID 660, , , , ,694 ALTERNATIVE COMPENSATION - - 2,072,954 2,057,374 2,176,678 INTEGRATION 1,577,257 2,099,705 1,611,216 1,844,612 1,911,057 NONPUBLIC TRANSPORTATION 430, , , , ,471 INTEGRATION TRANS. (CHOICE IS YOURS) 718, , ,325 1,441,899 1,477,946 ALL OTHER 375, , , ,310 1,009,255 TOTAL STATE AIDS $ 14,063,178 $ 15,688,532 18,292,987 20,030,021 20,963,259 FEDERAL AIDS/GRANTS TITLE VI, SPECIAL EDUCATION (INCLUDES STIMULUS) 2,812,427 2,270,637 2,434,823 2,967,621 3,004,750 OTHER SPEC ED 185,381 44,416 56,970 55,985 57,665 OTHER 44, , ,436 86, ,350 FEDERAL JOBS BILL TITLE I 2,218,234 2,981,155 2,357,675 2,399,850 2,449,320 TITLE I FEDERAL STIMULUS TITLE II, PART A 524, , , , ,313 TITLE III, PART A 139, , , , ,978 PERKINS 66,581 70, TITLE VII, INDIAN EDUCATION 39, , JOHNSON O'MALLEY 6, SMALLER LEARNING COMMUNITIES 358, TOTAL FEDERAL GRANTS $ 6,394,659 $ 6,289,947 5,730,357 6,218,700 6,422,376 OTHER LOCAL/GRANTS TUITION 390, , , , ,600 GIFTS 571,700 1,216, , , ,101 RENTALS & LEASES 287, , , , ,000 INVESTMENT INCOME 6,834-2,083 6,500 6,500 SALES, FEES & MISC. Grants 2,569,275 2,741,178 3,106,100 2,702,292 2,700,385 TOTAL OTHER $ 3,826,608 $ 4,549,012 4,191,691 3,676,308 3,731,586 TOTAL REVENUE $ 135,787,929 $ 141,163, ,676, ,243, ,720,192 16

18 GENERAL FUND AND TRANSPORTATION EXPENDITURES BY OBJECT AND PROGRAM Revised Proposed Actual Actual Actual Budget Budget TOTAL ALL OBJECTS AND PROGRAMS: Administration $ 4,948,657 $ 5,371,075 $ 5,467,795 $ 6,100,227 $ 5,937,810 District Support Services 3,153,697 3,893,866 4,040,275 4,185,436 4,612,101 Regular Instruction 68,782,606 71,877,549 75,470,625 80,788,036 82,412,293 Vocational Education Instruction 2,441,809 1,840,267 1,951,605 2,127,691 2,193,397 Special Education Instruction 22,746,425 23,703,814 24,946,627 26,338,501 27,443,154 Instructional Support Services 7,828,916 8,319,975 11,513,590 10,626,057 11,839,846 Pupil Support Services 13,307,933 13,199,175 13,035,936 14,365,786 14,418,860 Sites and Buildings 12,752,662 13,203,629 13,205,105 14,205,463 14,592,228 Fiscal and Other Fixed Cost Programs 501, , , , ,000 TOTAL ALL OBJECTS AND PROGRAMS 136,464, ,805, ,164, ,195, ,907,689 TOTAL EXPENDITURES $ 136,464,471 $ 141,805,579 $ 150,164,803 $ 159,195,197 $ 163,907,689 17

19 CHILD NUTRITION FUND SUMMARY STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES Revised Proposed Actual Actual Actual Budget Budget REVENUES: School Meal Sales $ 2,292,077 $ 2,201,343 $ 2,200,058 $ 2,442,990 $ 2,018,749 Other Local Revenue 63,572 24,724 17,558 13,972 6,200 State Revenue 202, , , , ,467 Federal Revenue 3,880,878 4,065,453 4,483,014 4,665,033 5,063,971 TOTAL REVENUES $ 6,439,454 $ 6,530,429 $ 7,060,307 $ 7,506,474 $ 7,506,387 Pupil Support Services 6,579,468 6,440,716 7,028,172 7,132,380 7,309,717 REVENUES OVER (UNDER) EXPENDITURES $ (140,014) $ 89,713 $ 32,135 $ 374,094 $ 196,670 BEGINNING FUND BALANCE 1,735,001 1,594,987 1,684,700 1,716,835 2,090,929 ENDING FUND BALANCE $ 1,594,987 $ 1,684,700 $ 1,716,835 $ 2,090,929 $ 2,287,599 18

20 CHILD NUTRITION FUND REVENUE BY PROGRAM - DETAILED Revised Proposed Actual Actual Actual Budget Budget Description Type A Lunch $ 4,722,000 $ 5,024,380 $ 5,314,768 $ 5,773,628 $ 5,724,702 Breakfast 909, ,872 1,209,267 1,243,987 1,402,681 A La Carte/Other 807, , , , ,004 TOTAL REVENUE $ 6,439,454 $ 6,530,429 $ 7,060,307 $ 7,506,474 $ 7,506,387 19

21 CHILD NUTRITION FUND EXPENDITURES BY PROGRAM AND OBJECT Revised Proposed Actual Actual Actual Budget Budget PUPIL SUPPORT SERVICES: Salaries and Wages $ 2,041,298 $ 2,041,695 $ 2,075,702 $ 2,050,337 $ 2,127,681 Employee Benefits 688, , , , ,133 Purchased Services 198, , , , ,600 Supplies 3,167,772 3,257,792 3,710,613 3,532,975 3,647,303 Capital 477, ,433 71, , ,000 Other Expenditures 6,538 6,387 9,279 7,000 10,000 TOTAL PUPIL SUPPORT SERVICES $ 6,579,468 $ 6,440,716 $ 7,028,171 $ 7,132,380 $ 7,309,717 20

22 CHILD NUTRITION FUND COMPUTATION OF REVENUE SALES High School meals - full price 163,925 x $ 2.75 = $ 450,794 Middle School meals - full price 171,205 x 2.60 = 445,133 Elementary meals - full price 194,941 x 2.40 = 467,858 Total student lunch sales 530,071 $ 1,363,785 Student food sales, milk and juice $ 306,096 Adult lunch,bkfst and ala carte sales 120,077 Student breakfast sales 133,685 x ,791 Coffee and food sales 30,000 Cooks fund raiser 8,000 Vending machines 1,200 School program snacks 15,800 Total other sales 654,964 TOTAL SALES $ 2,018,749 AIDS Federal: Full price reimbursement 1,475,991 x 0.36 = $ 531,357 Reduced-price reimbursement 159,968 x 2.41 = 385,523 Free lunch reimbursement 785,952 x 2.82 = 2,216,385 After school snack program 52,639 x ,270 Breakfast reimbursement (per full paid student) 178,492 x ,548 Breakfast reimbursement (per reduced pd stdnt) 4,169 x ,712 Breakfast reimbursement (per free student) 13,655 x ,804 Breakfast reimbursement (reduced, severe need stdnt) 42,426 x ,124 Breakfast reimbursement (free, severe need stdnt) 449,212 x ,916 Value of commodities & rebates 456,332 Summer Food Service Program 145,000 Fresh fruit and vegetable program 227,000 SHIP 4.0 Grant - TOTAL FEDERAL AID 5,063,971 State Lunch Aid (per paid & free student meal) 1,316,023 x = $ 164,503 State Lunch Aid (per reduced paid student meal) 159,968 x $ 83,983 State Breakfast Aid (per full paid student meal) 178,492 x 0.55 = 98,171 State Breakfast Aid all kindergarten students 35,953 x ,739 State Breakfast Aid (per reduced paid student meal) 80,236 x ,071 TOTAL STATE AID 417,466 OTHER REVENUE Refunds $ 5,000 Investment income - sale of equipment 1,200 TOTAL OTHER REVENUE 6,200 $ 7,506,387 21

23 CHILD NUTRITION FUND LUNCH PRICE HISTORY LUNCH BREAKFAST YEAR LEMENTAR MIDDLE HIGH ADULT ELEMENTARY MIDDLE HIGH ADULT MILK/JUICE $0.95 $1.00 $1.00 $ $ / $ / / / / / / / /.40 22

24 COMMUNITY SERVICE FUND SUMMARY STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES Revised Proposed Actual Actual Actual Budget Budget REVENUE: Local Levy $ 1,800,941 $ 1,901,902 $ 1,784,356 $ 1,716,510 $ 1,720,171 State Revenue 2,220,097 3,122,407 2,305,567 2,346,805 2,382,010 Federal Revenue 84, , , , ,591 Other Local Revenue 4,100,984 3,274,468 3,894,381 3,872,271 3,994,036 TOTAL REVENUE $ 8,206,605 $ 8,497,935 $ 8,168,949 $ 8,271,632 $ 8,409,808 EXPENDITURES: Community Education and Services 7,996,244 8,293,743 8,279,318 8,386,899 8,593,375 REVENUES OVER (UNDER) EXPENDITURES $ 210,361 $ 204,192 $ (110,369) $ (115,267) $ (183,567) OTHER FINANCING SOURCES: Operating Transfers In (Out) REVENUES AND OTHER SOURCES OVER (UNDER) EXPENDITURES $ 210,361 $ 204,192 $ (110,369) $ (115,267) $ (183,567) BEGINNING FUND BALANCE 1,259,785 1,470,146 1,674,338 1,563,969 1,448,702 ENDING FUND BALANCE $ 1,470,146 $ 1,674,338 $ 1,563,969 $ 1,448,702 $ 1,265,135 23

25 COMMUNITY SERVICE FUND EXPENDITURES BY PROGRAM AND OBJECT Revised Proposed Actual Actual Actual Budget Budget COMMUNITY EDUCATION AND SERVICES: Salaries and Wages $ 5,250,968 $ 5,352,910 $ 5,327,506 $ 5,357,435 $ 5,643,680 Employee Benefits 1,697,604 1,806,984 1,665,005 1,696,718 1,787,802 Purchased Services 589, , , , ,474 Supplies 329, , , , ,295 Capital 45, , ,995 85,924 50,164 Other Expenditures 83,095 89,642 22,555 14,110 4,960 TOTAL COMMUNITY EDUCATION AND SERVICES $ 7,996,244 $ 8,293,744 $ 8,279,318 $ 8,386,899 $ 8,593,375 24

26 GENERAL FUND CAPITAL EXPENDITURE ACCOUNTS REVENUE BY SOURCE Revised Proposed Actual Actual Actual Budget Budget SOURCE: Property Taxes $ 3,596,093 $ 2,843,555 $ 2,443,078 $ 6,460,578 $ 7,295,507 State Aids 1,115,402 1,198,650 1,826,307 1,944,927 2,471,370 Other Local Revenue 990,519 5,023, , ,000 9,137,700 TOTAL REVENUE BY SOURCE $ 5,702,014 $ 9,065,456 $ 5,089,760 $ 8,805,505 $ 18,904,577 25

27 GENERAL FUND CAPITAL EXPENDITURE ACCOUNTS EXPENDITURES BY PROGRAM AND OBJECT Revised Proposed Actual Actual Actual Budget Budget CAPITAL EXPENDITURES: Salaries and Wages $ 55,565 $ 55,821 $ 57,515 $ 240,200 $ 234,696 Employee Benefits 23,229 23,210 16,129 23,833 23,833 Purchased Services 1,391,565 1,300,492 1,304,899 1,122,375 3,103,683 Supplies 268, , ,163 1,288,274 2,759,121 Capital 7,844,186 5,368,784 3,655,355 6,449,755 12,309,004 Other Expenditures 1,808-3, ,004 TOTAL CAPITAL EXPENDITURES $ 9,584,430 $ 7,109,717 $ 5,177,111 $ 9,124,437 $ 18,546,341 26

28 GENERAL FUND CAPITAL EXPENDITURE FUND 05 July 1, 2016-June 30, 2017 Revenue: OPERATING CAPITAL State Aid $236 $1,785,916 Levy $1,529,884 Levy Deduct For Cap Facilitiy Bonds ($363,286) LONGTERM FACILITIES MAINT Levy $78,029 State Aid-Health/Safety Program $607,425 LEASE LEVY PROGRAM Lease Levy Program $2,339,462 Sale of Certificates of Participation (Elem Additions) $9,137,700 TECHNOLOGY Capital Projects Levy $3,789,447 TOTAL REVENUE $18,904,577 Expenditure: OPERATING CAPITAL Equipment: Allocation to Buildings $321,000 Teaching & Learning Text Book Resources $50,000 Buildings and Grounds -Replacement EquipEquipment $75,000 School Building New Space FFE $250,000 Security System Equipment $150,000 Arts Education $10,000 Special Education Equipment $5,000 Total Equipment $861,000 Facilities: City Assessments (Crystal) $80,000 NES Office Storage $80,000 NES -Traffic Management $160,000 RMS-Sidewalk -Pavemnt Toledo/Lift station $147,000 PLE -Parking/sidewalk $260,000 CHS-PE/Atlectic field Drainage and Turf $60,000 CHS SBMS-Outdoor Stoarge $140,000 AHS -Athletic Field -Turf Renovation $160,000 AHS -Roof Rennovation $50,000 NHLC- Deferred Maint $50,000 ZLES- Reroofing Drainage $80,000 Bldgs/Grnds Facility Requests $100,000 Sandburg/ PLE /RMS STEM Remodel $700,000 Allocated Salaries $90,933 Total Facilities $2,157,933 LONGTERM FACILITIES MAINT Health Safety Program $607,425 Total Health Safety Program $607,425 LEASE LEVY PROGRAM Elementary Additions $8,137,700 Ice Rental $112,500 Misc Facility Rental - Golf - Skiing - Diving $19,690 Warehouse Space $153,617 Noble Lease $196,811 District #287 Lease $916,784 Crystal Learning Center $828,000 Elementary Additions (Repymt COPS) $765,434 Total Lease Program $11,130,536 Capital Projects FND 9 $3,789,447 TOTAL EXPENDITURE $18,546,341 27

29 BUILDING CONSTRUCTION FUND SUMMARY STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES Revised Proposed Actual Actual Actual Budget Budget REVENUE: Property Taxes $ 3,252,849 $ 2,317,001 $ 2,538,546 $ 1,478,895 $ - Other Local Revenue 17,595 35,270 2,122 State Revenue 900, , , , ,575 TOTAL REVENUE $ 4,170,444 $ 3,252,271 $ 3,440,668 $ 2,378,895 $ 292,575 EXPENDITURES: Building Construction 18,404,782 19,336,723 11,981,758 26,984,822 39,329,795 REVENUE OVER (UNDER) EXPENDITURES $ (14,234,338) $ (16,084,452) $ (8,541,090) $ (24,605,927) $ (39,037,220) OTHER FINANCING SOURCES: Transfers In (Out) $ - $ - $ - $ - $ - Bond Proceeds 8,420,192 13,286,510 69,122,000 - TOTAL OTHER SOURCES $ 8,420,192 $ 13,286,510 $ - $ 69,122,000 $ - REVENUES AND OTHER SOURCES OVER (UNDER) EXPENDITURES $ (5,814,146) $ (2,797,942) $ (8,541,090) $ 44,516,073 $ (39,037,220) BEGINNING FUND BALANCE 16,886,988 11,072,842 8,274,900 (266,190) 44,249,883 ENDING FUND BALANCE $ 11,072,842 $ 8,274,900 $ (266,190) $ 44,249,883 $ 5,212,663 28

30 BUILDING CONSTRUCTION FUND REVENUE BY SOURCE Revised Proposed Actual Actual Actual Budget Budget Description REVENUE FROM LOCAL SOURCES: Alternate Facilities Levy/LTFMR $ 3,252,849 $ 2,317,001 $ 2,538,546 $ 1,478,895 $ - Interest Income 17,595 1,131 Other - 34,139 2, TOTAL LOCAL REVENUE $ 3,270,444 $ 2,352,271 $ 2,540,668 $ 1,478,895 $ - REVENUE FROM STATE: State Aid $ 900,000 $ 900,000 $ 900,000 $ 900,000 $ 292,575 TOTAL STATE REVENUE $ 900,000 $ 900,000 $ 900,000 $ 900,000 $ 292,575 TOTAL REVENUE $ 4,170,444 $ 3,252,271 $ 3,440,668 $ 2,378,895 $ 292,575 OTHER FINANCING SOURCES: Bond Proceeds $ 8,420,192 $ 13,286,510 $ 69,122,000 $ - TOTAL OTHER SOURCES $ 8,420,192 $ 13,286,510 $ - $ 69,122,000 $ - TOTAL REVENUE AND OTHER SOURCES $ 12,590,636 $ 16,538,781 $ 3,440,668 $ 71,500,895 $ 292,575 29

31 BUILDING CONSTRUCTION FUND EXPENDITURES BY PROGRAM AND OBJECT Revised Proposed Actual Actual Actual Budget Budget BUILDING CONSTRUCTION: Salaries and Wages $ 133,158 $ 135,769 $ 218,544 $ 220,000 $ 224,000 Employee Benefits 41,191 43,088 52, Purchased Services 7,756 8,014 5, ,000 Capital 9,310,274 18,217,911 11,705,058 26,764,822 38,995,795 TOTAL BUILDING CONSTRUCTION $ 9,492,379 $ 18,404,782 $ 11,981,758 $ 26,984,822 $ 39,329,795 30

32 BUILDING FUND - LONG TERM FACILITIES MAINTENANCE EXPENDITURES BY BUILDING/PROJECT Project Code Location & Project Description Anticipated Cost District wide, Education Service Center, & Bus Garage Wages & Professional Services 484, Building Envelope 110, Electrical Systems 120, Roofing Systems 100, Mechanical Systems 110, Building Hardware & Equipment 10, Asbestos Abatement 65, ,000 Cooper High School Building Hardware & Equipment 118, Interior Surfaces 120, Mechanical Systems 514, Wages & Professional Services 199, Roofing Systems 28, Asbestos Abatement 742,227 1,722,083 Armstrong High School Building Hardware & Equipment 77, Electrical Systems 75, Interior Surfaces 91, Mechanical Systems 245, Wages & Professional Services 67, Asbestos Abatement 725, Roofing Systems 2,050,000 3,330,000 Plymouth Middle School Mechanical Systems 108, Plumbing Systems 500, Wages & Professional Services 347, Asbestos Abatement 60,000 1,015,000 Robbinsdale Middle School Interior Surfaces 90, Mechanical Systems 200, Wages & Professional Services 50, Asbestos Abatement 63, ,000 FAIR School - Cyrstal Wages & Professional Services 150, Roofing Systems 450, ,000 31

33 BUILDING FUND - LONG TERM FACILITIES MAINTENANCE EXPENDITURES BY BUILDING/PROJECT Project Code Location & Project Description Anticipated Cost Forest Elementary School Electrical Systems 100, Mechanical Systems 52, Wages & Professional Services 7, Asbestos Abatement 12, ,000 Lakeview Elementary School Asbestos Abatement 42,000 42,000 School of Engineering & Arts Mechanical Systems 18, Wages & Professional Services 16,000 34,000 Meadow Lake Elementary School Interior Surfaces 247, Wages & Professional Services 101, Asbestos Abatement 36, ,500 Neill Elementary School Electrical Systems 75, Interior Surfaces 222, Mechanical Systems 178, Wages & Professional Services 47, Asbestos Abatement 90, ,000 Robbinsdale Spanish Immersion Interior Surfaces 177, Mechanical Systems 83, Wages & Professional Services 5, ,000 Noble Elementary School Mechanical Systems 22, Wages & Professional Services 54, Roofing Systems 1,295, Asbestos Abatement 161,800 1,532,800 32

34 BUILDING FUND - LONG TERM FACILITIES MAINTENANCE EXPENDITURES BY BUILDING/PROJECT Project Code Location & Project Description Anticipated Cost Pilgrim Lane Elementary School Building Envelope 499, Building Hardware & Equipment 91, Electrical Systems 69, Interior Surfaces 3,080, Mechanical Systems 890, Plumbing Systems 1,668, Wages & Professional Services 420, Asbestos Abatement 1,146, Electrical Systems 2,008, Mechanical Systems 4,016, Roofing Systems 2,007,738 15,899,542 Sonnesyn Elementary School Electrical Systems 48, Interior Surfaces 81, Mechanical Systems 28, Wages & Professional Services 20, Asbestos Abatement 120, ,000 Zachary Lane Elementary School Mechanical Systems 190, Wages & Professional Services 96, Roofing Systems 1,560,000 1,846,000 New Hope Learning Center Accessibility 98, Interior Surfaces 485, Mechanical Systems 113, Roofing Systems 712, Mechanical Systems 2,569,885 3,978,520 Sandburg Learning Center Electrical Systems 70, Mechanical Systems 800, Wages & Professional Services 107, Asbestos Abatement 335,000 1,312,000 33

35 DEBT SERVICE FUND SUMMARY STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES Actual Actual Actual Revised Budget Proposed Budget REVENUE: Property Taxes $ 17,792,736 $ 18,020,770 $ 18,613,654 $ 18,258,773 $ 19,106,808 Other Local Revenue 27,821 5,421 2, State Revenue 1, TOTAL REVENUE $ 17,821,671 $ 18,026,333 $ 18,616,185 $ 18,258,773 $ 19,106,808 EXPENDITURES: Fixed Costs 18,635,865 18,780,868 18,673,529 18,264,282 20,134,901 REVENUES OVER (UNDER) EXPENDITURES $ (814,194) $ (754,534) $ (57,344) $ (5,509) $ (1,028,093) OTHER FINANCING SOURCES (USES): Bond Proceeds $ 27,907,068 $ 358,866 $ 11,243,918 $ 11,325,200 $ - Bond Refunding Payments (34,765,605) - 11,125,000 2,515,000 7,745,000 TOTAL OTHER SOURCES (USES) $ (6,858,537) $ 358,866 $ 118,918 $ 8,810,200 $ (7,745,000) REVENUES AND OTHER SOURCES OVER (UNDER) EXPENDITURES $ (7,672,731) $ (395,668) $ 61,574 $ 8,804,691 $ (8,773,093) BEGINNING FUND BALANCE $ 10,685,888 $ 3,013,157 $ 2,617,489 $ 2,679,063 $ 11,483,754 ENDING FUND BALANCE $ 3,013,157 $ 2,617,489 $ 2,679,063 $ 11,483,754 $ 2,710,661 34

36 DEBT SERVICE FUND EXPENDITURES BY OBJECT-DETAILED Actual Actual Actual Revised Budget Proposed Budget Description BOND PRINCIPAL: Series 2003A Bonds $ 65, $ - $ - $ - $ - Series Bonds 3,054, Series 2006A Bonds (Ref 2002) 965,000 1,000,000 1,035, Series 2006B Bonds 530, , , , ,000 Series 2007 Bonds (Ref 1999) 525, , , ,000 - Series 2008A Bonds 435, , , , ,000 Series 2008B Bonds 355, , , , ,000 Series 2008C Bonds (Ref 1998) 505, , , , ,000 Series OPEB 1,040,000 1,080,000 1,120,000 1,170,000 1,225,000 Series 2010A (Ref 2003A) 1,310,000 1,370,000 1,480,000 1,525,000 1,585,000 Series 2010B (Ref 2003B) - 615, , , ,000 Series 2011A 440, , , , ,000 Series 2011B 1,940,000 2,215,000 2,250,000 2,100,000 2,155,000 Series 2012A - 220, Series 2012B - 2,210,000 2,455,000 2,525,000 2,595,000 Series 2013A - Capital Bonds - 425, , , ,000 Series 2014A , Series 2014B (Ref 2006A) , ,000 Series 2015B (Ref 2007) ,000 TOTAL BOND PRINCIPAL $ 11,164,395 $ 12,005,000 $ 12,320,000 $ 12,195,000 $ 12,565,000 BOND INTEREST: Series Bonds 1,553, Series 2006A Bonds (Ref 2002) 573, , , Series 2006B Bonds 459, , , , ,581 Series 2007 Bonds (Ref 1999) 187, , , ,400 - Series 2008A Bonds 403, , , , ,781 Series 2008B Bonds 377, , , , ,135 Series 2008C Bonds (Ref 1998) 187, , , , ,625 Series OPEB 817, , , , ,805 Series 2010A (Ref 2003A) 887, , , , ,050 Series 2010B (Ref 2003B) - 201, , , ,638 Series 2011A 394, , , , ,888 Series 2011B 1,115, , , , ,650 Series 2012A 92, , , , ,950 Series 2012B - 1,091, , , ,050 Series 2013A - Capital Bonds - 38,057 62,488 56,788 50,988 Series 2014A , , ,750 Series 2014B (Ref 2006A) , ,500 Series 2015A ,383 Series 2015B (Ref 2007) ,000 Series 2016A - Capital Bonds ,427 Series 2016B (Ref 2006B) ,000 Series 2016C ,700 TOTAL BOND INTEREST $ 7,050,470 $ 6,494,124 $ 6,229,219 $ 5,955,383 $ 7,564,901 OTHER DEBT EXPENSE: Other Debt Service Expense $ 219,562 $ 281, ,311 70,700 5,000 Bond Discount ,200 - TOTAL OTHER DEBT EXPENSE $ 219,562 $ 281,743 $ 124,311 $ 113,900 $ 5,000 TOTAL FIXED COSTS $ 18,434,427 $ 18,780,867 $ 18,673,529 $ 18,264,283 $ 20,134,901 OTHER FINANCING USES: Bond Proceeds $ - $ - $ 9,640,000 $ 76,515,100 $ - Bond Premium $ - $ - $ - $ 3,932,100 $ - Bond Refunding Payments $ 34,765,605 $ - $ 11,125,000 $ 2,515,000 $ 7,745,000 TOTAL OTHER FINANCING USES $ 34,765,605 $ - $ 11,125,000 $ 2,515,000 $ 7,745,000 TOTAL EXPENDITURES AND OTHER USES $ 53,200,032 $ 18,780,867 $ 29,798,529 $ 20,779,283 $ 27,879,901 35