NORTH KITSAP SCHOOL DISTRICT BUDGET SUMMARY FY A Great Place to Live & Learn

Transcription

1 BUDGET SUMMARY FY A Great Place to Live & Learn

2 TABLE OF CONTENTS Contents Introduction to Funds & Budget Review 1 Financial Summary 4 Summary of Funds Enrollment Summary Levy Summary Staffing Summary General Fund Summary 9 Capital Project Fund Summary 17 Debt Service Fund Summary 18 ASB Fund Summary 19 Transportation Vehicle Fund Summary 20 Resource Links & Contact Information 21

3 This Budget Summary provides information on the Budget for North Kitsap School District. More detailed budget information is available in the formal budget, OSPI form F-195. WHAT ARE THE BUDGETS FOR THE SCHOOL DISTRICT? THE BUDGET CONSISTS OF FIVE SEPARATE FUNDS GENERAL FUND The general fund is used to account for all financial resources except those required to be accounted for in another fund. Revenues for the general fund are primarily from state funds, special maintenance and operations levy funds, federal funds, and fees. These revenues are used for financing the current day to day operations of the school district such as our instructional programs for students, food services, maintenance, and pupil transportation. Expenditures include salaries and benefits costs, and non-labor costs such as supplies and instructional materials, utilities, fuel, insurance, and printing costs. CAPITAL PROJECTS FUND Provides for acquisition of lands or buildings, major modernization of buildings and other property such as fields, and acquisition of equipment, including technology systems. Capital funds may also be used for energy audits and related upgrades. The Capital Projects Fund is generally financed from the proceeds from the sale of bonds, state matching revenues, lease or sale of surplus real property, interest earnings and special levies. DEBT SERVICE FUND Provides for the redemption and payment of interest on bonds. Each year an amount is levied which provides for redemption of bonds currently due, interest payments on bonds outstanding, and related costs. ASSOCIATED STUDENT BODY FUND (ASB) This fund accounts for the student extracurricular activities in each school. The revenues are generated, in part, by fees from students and nonstudents attending any optional noncredit extracurricular event of the district. Although the ASB fund is under the control of the Board of Directors, each school s student body prepares and submits a revenue and expenditure plan for Board approval. TRANSPORTATION VEHICLE FUND Accounts for the purchase or major repair of pupil transportation equipment. The Transportation Vehicle Fund is generally financed by state reimbursement to school districts for depreciation of approved pupil transportation equipment. Page 1

4 BUDGET REVIEW GENERAL FUND Enrollment: Enrollment has been declining. Estimated enrollment projection for is a 3.5% decline. The District is taking a conservative/pessimistic approach. The baseline reduction is a 2.25% decline. Revenues: Adjustments to coding will provide more realistic projections for revenue. Increase levy collection = $796K Increased State funding. State salary restoration of 1.9% & 3.0% reduction. Decreased enrollment = less funding. Decreased District enrollment results in less special education funding (12.7% cap on sped enrollment) Expenditures: Increase in retirement costs. State salary restoration of 1.9% & 3.0% reduction. (increased salary & benefit cost) Maintenance & Facility repair costs. Utility costs. Election costs. Legal costs. Collective Bargaining Agreement costs. CAPITAL PROJECTS FUND Impact fee collection has increased due to an increase in building homes in the area. The funds are restrictive in nature in regards to expenditures. The other money inside this fund is a small balance to pay for repairs and a designated balance for the North Kitsap Regional Events Center. DEBT SERVICE FUND Inside this fund is non-voted and voted debt. The non-voted debt is paid for via a transfer of funds ($189,198) from the General Fund to the Debt Service Fund. The District will have voted debt paid in Page 2

5 BUDGET REVIEW TRANSPORTATION VEHICLE FUND Money collected will be used to purchase buses (Approximately $465,000) ASSOCIATED STUDENT BODY FUND Estimate of 1.2M in revenue from donations, fundraisers and sales. LEGISLATIVE REVIEW This year was a difficult year for the Legislature to compromise on a budget for the biennium. Completing their work on June 28 th made it difficult for the District to plan in the Spring during the normal budget planning cycle. In order to prepare for the worst case scenario, the Board approved a Reduction in Force (RIF) of teaching staff. A total of teaching staff were reduced but not all were RIF d due to retirements and resignations. Fortunately, the Legislature did provide funding to the District. The additional funding, along with increased levy collection, and conservative spending habits of the District provided enough dollars to reduce the deficit and call back all teaching staff that were reduced. In addition to the funding below, the state also provided funding for salary restoration and funding for increased retirement rates. This is a cost to the district since not all positions and salaries at the District are state funded. Below is a summary of additional funding provided via the state: K-3 Class Size $ 100,000 MSOC $ 960,000 Parent Involvement & Counselors $ 65,000 Alternative Learning $ 50,000 Transportation $ 308,000 Learning Assistance (LAP) $ 390,000 Total $ 1,873,000 Some of these dollars are flexible in how we can spend them, while others are targeted (categorical) and require the District to spend on specific things identified by the state along with reporting requirements. Page 3

6 FINANCIAL SUMMARY SUMMARY OF BUDGETS FUND YEAR BEGINNING BALANCE REVENUES EXPENDITURES OPERATING TRANSFERS ENDING BALANCE GENERAL: ,746,756 64,185,466 63,940,009 (189,198) 3,803, ,007,000 62,124,780 62,895,921 (189,228) 3,480,090 CAPITAL PROJECT , , , , , , , ,800 DEBT SERVICE: ,583 8,646,306 8,148, ,198 1,574, ,594,955 8,232,891 10,351, , ,434 ASB: ,128 1,229,983 1,162, , ,497 1,404,470 1,345, ,927 TRANSP VEHICLE: ,016, , , ,539, ,913, , , ,380,888 Page 4

7 Enrollment Summary Enrollment has been declining steadily for the last 10 years in Kitsap County. In , North Kitsap School District reached the highest enrollment FTE which was 6,743. Since that time, the district has lost 717 FTE which represents a decline of 10.63%. Page 5

8 LEVY SUMMARY In 2010, the voters approved a 4 year maintenance and operations levy with the following collections: 2011 = 13.2M; 2012 = $13.6M; 2013 = 14.3M; 2014 = $15.0M The maintenance and operations levy pays for general fund expenses. In 2014, the estimated maximum levy authority is $ M. For the 2014 year, North Kitsap School District is not collecting the maximum levy amount. Another election will be held in February 2014 to ask the voters for a renewal of the maintenance and operations and levy. A committee will provide options and make a recommendation to the Board of Directors on what amounts should be placed on the ballot for voter approval. In addition to the maintenance and operations levy, North Kitsap School District also has a bond which paid for many capital projects including the new Kingston High School. This bond expires in Currently, there are no funds available for capital improvements to assist with paying for technology upgrades, roofing, and other maintenance items. The District may want to consider a capital projects levy to assist with the much needed infrastructure repairs. Below is a historical view of the tax rates for NK residents and an estimate of the rates for 2014 based on a 3% increase in assessed valuation. $6.000 North Kitsap Levy Rates $5.000 $4.000 $3.000 $2.000 $1.383 $1.794 $1.762 $1.719 $1.606 $1.351 $1.086 $0.972 $1.055 $1.169 $1.292 $1.441 $1.491 $1.496 $1.000 $2.815 $2.700 $2.659 $2.572 $2.386 $2.146 $1.749 $1.622 $1.737 $1.979 $2.108 $2.282 $2.506 $2.547 $ M&O Rate Bond Rate Page 6

9 STAFFING SUMMARY CERTIFICATED STAFF SUMMARY Budgeted % To Budgeted % To Budgeted % To No. of FTE Total No. of FTE Total No. of FTE Total TEACHING ACTIVITIES 27 Teaching % % % 28 Extracurricular % % % TOTAL TEACHING ACTIVITIES % % % TEACHING SUPPORT 22 Learning Resources % % % 24 Guidance and Counseling % % % 25 Pupil Management and Safety % % % 26 Health Services % % % 31 Instructional Prof Development % % % TOTAL TEACHING SUPPORT % % % OTHER SUPPORTIVE ACTIVITIES 44 Nutritional Services Operations % % % 52 Operating Buses % % % 53 Maintenance School Buses % % % 62 Grounds Maintenance % % % 63 Operation of Buildings % % % 64 Maintenance % % % 65 Utilities % % % 67 Building Security % % % 72 Information Systems % % % 73 Printing % % % 74 Warehousing & Distribution % % % 75 Motor Pool % % % 91 Public Activities % % % TOTAL OTHER SUPPORT ACTIVITIES % % % UNIT ADMINISTRATION 23 Principal's Office % % % CENTRAL ADMINISTRATION 12 Superintendent's Office % % % 13 Business Office % % % 14 Human Resources % % % 15 Public Relations % % % 21 Supervision - Instruction % % % 41 Supervision - Nutritional Services % % % 51 Supervision -Transportation % % % 61 Supervision - Maintenance % % % TOTAL CENTRAL ADMINISTRATION % % % TOTAL FTE STAFF % % % Page 7

10 STAFFING SUMMARY CLASSIFIED STAFF SUMMARY Budgeted % To Budgeted % To Budgeted % To No. of FTE Total No. of FTE Total No. of FTE Total TEACHING ACTIVITIES 27 Teaching % % % 28 Extracurricular % % % TOTAL TEACHING ACTIVITIES % % % TEACHING SUPPORT 22 Learning Resources % % % 24 Guidance and Counseling % % % 25 Pupil Management & Safety % % % 26 Health Services % % % 32 Instructional Technology % % % TOTAL TEACHING SUPPORT % % % OTHER SUPPORTIVE ACTIVITIES 44 Nutritional Services Operations % % % 52 Operating Buses % % % 53 Maintenance School Buses % % % 62 Grounds Maintenance % % % 63 Operation of Buildings % % % 64 Maintenance % % % 65 Utilities % % % 67 Building Security % % % 72 Information Systems % % % 73 Printing % % % 74 Warehousing & Distribution % % % 75 Motor Pool % % % 91 Public Activities % % % TOTAL OTHER SUPPORT ACTIVITIES % % % UNIT ADMINISTRATION 23 Principal's Office % % % CENTRAL ADMINISTRATION 12 Superintendent's Office % % % 13 Business Office % % % 14 Human Resources % % % 15 Public Relations % % % 21 Supervision - Instruction % % % 41 Supervision - Nutritional Services % % % 51 Supervision -Transportation % % % 61 Supervision - Maintenance % % % TOTAL CENTRAL ADMINISTRATION % % % TOTAL FTE STAFF % % % Page 8

11 GENERAL FUND SUMMARY Actual Budget Budget BEG: Committed Minimum Fund Balance 1,634,089 1,772,000 1,863,743 Nonspendable FB-Inventory/Prepaid 373, , ,255 Restricted for Self Insurance ,000 Restricted for Debt Service ,198 Assigned to Other Purposes 1,618, ,000 1,339,560 Unassigned Fund Balance 406, Beginning Fund Balance 4,032,563 3,007,000 3,746,756 ADD: Revenues 1000 Local Taxes 13,434,928 13,875,034 14,671, Local Non-Tax 2,489,388 2,939,018 2,357, State, General Purpose 32,036,565 31,534,007 32,327, State, Special Purpose 7,467,153 7,577,604 8,899, Federal, General Purpose 1,218,229 1,105, , Federal, Special Purpose 3,958,042 5,032,607 4,885, Revenues from Other Districts 26,926 61,000 55, Revenues From Other Agencies 10, Other Financing* Total Revenues 60,642,135 62,124,780 64,185,466 TOTAL: Funds Available 64,674,698 65,131,780 67,932,222 LESS: Expenditures 00 Regular Instruction 33,421,452 33,725,407 34,051, Federal Stimulus Funding 21, Special Education Instruction 8,471,942 8,202,981 8,588, Vocational Instruction 2,616,385 2,661,126 2,537,109 50&60 Compensatory Education 2,219,300 2,811,891 2,706, Other Instructional Programs 590,396 1,370,552 1,177, Community Services 428, , , Support Services 13,149,734 13,619,786 14,336,320 Total Expenditures 60,918,669 62,895,921 63,940,009 OTHER FIN. USES TRANS. OUT (GL 536 (195,076) (189,228) (189,198) Ending Fund Balance 3,560,953 2,046,631 3,803,015 Page 9

12 GENERAL FUND RESOURCES TO EXPENDITURE Program Expenditures State Federal Local Indirects District Support Carryover 01 Basic Education 33,700,350 23,068, ,397 12,031,038 0 (2,727,496) 834, Basic Education - Alternative Learning 351, , District Support 8,974,353 5,642, ,138 2,398, , Total Basic Education Programs 43,025,836 29,061, ,535 14,429, ,828 (2,727,496) 834, Special Education 7,154,674 5,892, , ,225, Federal Special Education 1,298, ,339,818 0 (41,287) Special Education Impact Aid 135, , Vocational Education 1,965,375 2,130, ,352 (319,592) 0 100, Middle School Voc Ed 537, , (94,932) Federal Voc 33, ,000 0 (1,215) Title I, Disadvantaged 517, ,850 0 (18,594) School Improvement 176, ,000 0 (6,350) Learning Assistance Prog. 950, , (34,180) State Special Grants 158, , DODEA Science Grant 252, , Title III Limited English Proficiency 54, ,928 0 (1,678) Transitional Bilingual 165, , , Indian Education 263, , , DODEA Dual Language 166, , Highly Capable 58,827 58, Other Grants 1,119, , , , Community Schools Facilities Use 139, ,441 0 (1,986) 0 PSAT/AP Testing 45, , Community Services Pool 320, , ,230 0 Sped Preschool (will move to Prog21) 37, , Food Service 2,034,617 33, , , ,172 80, Pupil Transportation 3,247,350 2,112, , ,129,413 0 Total Categorical Programs 20,834,173 12,165,913 4,638,834 1,639,758 (517,828) 2,727, ,000 GRAND TOTALS 63,860,009 41,227,432 5,549,369 16,069, ,014,102 Page 10

13 GENERAL FUND REVENUES Actual Actual Budget Budget Increase (Decrease) 1100 Local Property Tax 13,260,612 13,427,400 13,867,125 14,658, , Timber Excise Tax 6,526 7,528 7,909 12,698 4,789 Total Tax 13,267,138 13,434,928 13,875,034 14,671, , Tuition and Fees 197, , , ,699 (32,601) 2131 Teen Parenting 0 7, ,852 6, Traffic Safety 115, , ,000 0 (123,000) 2179 Tuition and Fees - Kindergarten 290, , , ,215 33, Facilities 49,976 39,043 30,000 35,000 5, Preschool Tuition 44,498 33,336 46,000 37,000 (9,000) 2231 Sec., Voc. Ed. Sale of Goods 47,084 49,578 36,000 47,500 11, Community Services - Pool 197, , , ,250 (55,250) 2298 Food Services 809, , , ,500 4, /89 School Bus Revenue 957 7, Investment Earnings 56,352 32, ,000 27,500 (102,500) 2500 Gifts and Donations 341, , , ,197 (249,803) 2600 Fines and Damages 11,551 13, ,941 13, Rentals 98,118 96, , ,441 (83,428) 2800 Insurance Recoveries 16,336 23, ,000 17,007 (82,993) 2900 Local Support Non-Tax 127, ,932 10,000 81,550 71, E-Rate 187,644 67,429 84,000 93,450 9,450 Total Local Non-Tax 2,590,108 2,489,386 2,939,018 2,357,102 (581,916) 3100 State Apportionment 30,259,775 31,077,601 30,560,749 31,325, , State Special Ed Apportionment 929, , ,258 1,002,764 29, State Forest Total State, General Purpose 31,189,382 32,036,567 31,534,007 32,327, , State Special Purpose - Capacity 3,084 1, , , ,554,281 4,649,733 4,330,105 4,465, , Special Education - Infants & Toddlers , , Middle School Voc 39, Learning Assistance Program 499, , , , , Special Pilot Programs 151, , , ,741 (430,357) 4165 Transitional Bilingual 164, , , , Highly Capable 58,413 60,588 59,321 58,827 (494) 4197 Energy Improvement Grant 350, School Food Service 36,207 39,315 38,970 33,945 (5,025) 4199 Transportation 1,763,690 1,815,271 1,804,693 2,112, ,244 Total State, Special Purpose 7,621,109 7,467,153 7,577,604 8,899,652 1,322, Department of Defense Impact Aid 116, ,591 80,000 75,000 (5,000) 5300 Federal Impact Aid 1,157, , , ,493 (139,064) 5329 Federal Impact Aid - Special Education 121, , , ,776 27, Federal Forests 0 2, Total Federal, General Purpose 1,394,674 1,218,230 1,105, ,269 (116,241) 6100 Other Federal Funds - Capacity , , Federal Stimulus - Title I 204, Federal Stimulus -SFSF 1,374,866 20, Federal Stimulus-Comp Grants 4, Federal Stimulus-Other Grants 12, Federal Special Ed. Grants 1,475,774 1,352,924 1,445,135 1,339,818 (105,317) 6138 Federal Vocational Education 36,023 38,522 25,783 35,000 9, Disadvantaged, Title 1 Part A 517, , , ,850 (43,522) 6152 School Improvement 222, , , ,000 3, Title III LEP and Immigrant 23,707 50,644 33,802 55,928 22, School Food Service 904, , , ,000 6, DODEA Science Grant 0 217, , ,109 (17,551) 6268 Indian Education 101, , , ,442 (3,857) 6269 DODEA Dual Language , ,911 (5,267) 6310 Medicaid Outreach Program 348, , , ,000 (25,000) 6321 Special Ed Medicaid Reimbursement 14,594 24,615 25,000 17,500 (7,500) 6352 Title II OESD USDA Commodities 133, , , ,000 20,000 Total Federal, Special Purpose 5,374,315 3,958,041 5,032,607 4,885,558 (147,049) 7121 Special Education from Other Districts 82,439 20,425 61,000 50,000 (11,000) 7179 Doing What Works Grant 27, Transportation from Other Districts 10,712 5, ,000 5, Agencies and Assoc. Grants 1, OESD Grants , GRAND TOTAL 61,559,871 60,642,135 62,124,780 64,185,466 2,060,686 Page 11

14 $41,227,431 State Resources represent 64.23% of all revenues. These revenues consist of state apportionment revenue based upon actual student enrollment for basic education as well as categorical programs. $14,726,106 Local Tax (Voter Approved Levy Funds) represents 22.94% of all revenues. Voters approved levy collections in the amounts of $14.3M for 2013 and $15.0M for Since the district's fiscal year runs from September 1st to August 31st, portions of two calendar year collections are used for budgeting purposes. $5,874,827 Federal revenues represent 9.15% of district revenues which includes funding for specific grant programs. Impact aid (revenue in lieu of property taxes) is also received for federally connected children and those who work on or live on Indian land. $2,357,102 Local non-tax and other revenues account for the remainder of the budgeted revenues (3.67%). These revenues include tuition and/or fees, food lunch revenues, transportation reimbursements, interest earnings, and facilities use. $64,185,466 Total Revenue Page 12

15 GENERAL FUND EXPENDITURES DISTRIBUTION BY PROGRAM Actual % Budget % Budget % 01 Basic Education 33,251, % 33,565, % 33,700, % 02 Basic Education - ALE 169, % 160, % 351, % 97 District-wide Support 8,226, % 8,300, % 9,054, % Total CORE BEA 41,648, % 42,025, % 43,105, % 13 Federal Stimulus - State Fiscal Stabilization 20, % % % 19 Federal Stimulus - Other Grants % % % 21 Special Education 7,017, % 6,669, % 7,154, % 24 Federal Special Education 1,335, % 1,408, % 1,298, % 29 Other Federal Special Education 119, % 125, % 135, % 31 Vocational Education 2,158, % 2,167, % 1,965, % 34 State Middle School Voc Education 419, % 468, % 537, % 38 Federal Vocational Education 37, % 25, % 33, % 51 Title I, Disadvantaged 579, % 562, % 517, % 52 School Improvement 226, % 174, % 176, % 55 Learning Assistance Program 560, % 577, % 950, % 58 Special and Pilot Programs 155, % 588, % 158, % 62 Math & Science Prof Development 217, % 269, % 252, % 64 Title III, Limited English Proficiency 49, % 33, % 54, % 65 Transitional Bilingual 159, % 160, % 165, % 68 Indian Education 270, % 272, % 263, % 69 Other Compensary - Federal % 172, % 166, % 71 Traffic Safety 120, % 117, % % 74 Highly Capable 57, % 59, % 58, % 75 Professional Development - State 1, % % % 79 Other Instructional Programs 410, % 1,194, % 1,119, % 86 Community Schools 97, % 137, % 184, % 89 Other Community Services 330, % 366, % 357, % 98 Food Services 1,844, % 1,993, % 2,034, % 99 Pupil Transportation 3,078, % 3,326, % 3,247, % Total CATEGORICAL 19,270, % 20,870, % 20,834, % GRAND TOTALS 60,918, % 62,895, % 63,940, % Page 13

16 EXPENDITURE BY ACTIVITY Activity Actual Budget Budget No. Name Amount Percent Amount Percent Amount Percent Teaching & Support 22 Learning Resources 1,663, % 1,557, % 1,256, % 24 Guidance - Counseling 1,815, % 1,819, % 2,011, % 25 Pupil Management & Safety 798, % 708, % 695, % 26 Health Services 2,150, % 2,280, % 2,379, % 27 Teaching 34,000, % 36,085, % 35,494, % 28 Extracurricular 1,152, % 1,072, % 1,223, % 29 Payments to Other Districts 116, % 206, % 210, % 31 Instructional Professional Development 168, % % 87, % 32 Instructional Technology % % 282, % Total Teaching & Support 41,864, % 43,730, % 43,640, % Other Support 42 Food 788, % 804, % 804, % 44 Nutrition Services - Operation 854, % 977, % 1,012, % 49 Nutrition Services - Transfers (1,824) 0.00% (75) 0.00% (75) 0.00% 52 Operating Buses 2,586, % 2,812, % 2,724, % 53 Maintenance of School Buses 428, % 402, % 409, % 56 Transportation Insurance % % % 59 Transportation Transfers Credits (193,124) -0.32% (155,250) -0.25% (159,075) -0.25% 62 Grounds Care - Maintenance 461, % 459, % 466, % 63 Operation of Buildings 1,987, % 2,034, % 1,895, % 64 Maintenance of Buildings/Equipment 1,074, % 1,069, % 1,603, % 65 Utilities 1,960, % 1,981, % 2,007, % 67 Building Security 118, % 93, % 93, % 68 Insurance 510, % 580, % 475, % 72 Information Systems 504, % 473, % 704, % 73 Printing 11, % (1) 0.00% (17,254) -0.03% 74 Warehousing & Distribution 27, % 2, % 2, % 75 District Motor Pool 0.00% 0.00% % 91 Public Activities 289, % 328, % 330, % Total Other Support 11,408, % 11,865, % 12,352, % School Building Administration 23 Principal's Office 3,666, % 3,527, % 3,466, % Central Administration 11 Board of Directors 100, % 130, % 194, % 12 Superintendent's Office 329, % 267, % 295, % 13 Business Office 514, % 623, % 634, % 14 Human Resources 418, % 417, % 414, % 15 Public Relations 101, % 73, % 92, % 21 Supervision - Instruction 1,890, % 1,617, % 1,594, % 41 Supervision - Nutrition Services 202, % 211, % 217, % 51 Supervision - Transportation 256, % 266, % 272, % 61 Supervision of Building 163, % 166, % 184, % Total Central Administration 3,978, % 3,773, % 3,900, % Total 60,918, % 62,895, % 63,360, % Page 14

17 WHERE DOES THE MONEY GO? Page 15

18 EXPENDITURE OBJECT Page 16

19 CAPITAL PROJECTS FUND SUMMARY Actual Budget Budget Beginning Fund Balance 353, , ,350 ADD: Revenues 1000 Local Taxes Local Non-Tax 584, , , State, General Purpose State, Special Purpose Federal, General Purpose Federal, Special Purpose Revenue from Other Districts Revenue from Other Agencies Other Financing Sources Sales of Surplus Property Long-Term Financing Total Revenues 584, , ,600 TOTALFunds Available 938, ,300 1,126,950 LESS: Expenditures 10 Sites 0 30,500 15, Buildings 32, , , Equipment 0 40,000 45, Energy 10, , Sales and Lease Expenditures Bond Issuance Expenditures Debt Total Expenditures 42, , ,000 Ending Fund Balance 895, , ,950 Page 17

20 DEBT SERVICE FUND SUMMARY Actual Budget Budget Beginning Fund Balance 691,836 2,594, ,583 ADD: Revenues 1000 Local Taxes 8,364,071 8,216,392 8,635, Local Non-tax 12,581 16,499 11, State, General Purpose State, Special Purpose Federal, General Purpose Federal, Special Purpose Other Financing Sources Operating Transfers Total Revenues 8,377,002 8,232,891 8,646,306 Operating Transfer from GF 195, , ,198 TOTAL: Funds Available 9,263,914 11,017,074 9,723,087 LESS: Expenditures 11 Matured Bonds 4,642,871 8,424,582 6,339, Interest on Bonds 2,008,296 1,752,058 1,633, Interfund Loan Fees Bond Transfer Fees Recording Fees 61 (Capacity) 0 175, ,000 Total Expenditures 6,651,167 10,351,640 8,148,449 Ending Fund Balance 2,612, ,434 1,574,638 Page 18

21 ASSOCIATED STUDENT BODY FUND SUMMARY Actual Budget Budget Beginning Fund Balance 547, , ,128 ADD: Revenues 1000 General Student Body 408, , , Athletics 394, , , Classes 15,799 28,200 27, Clubs 316, , , Private Moneys 5,742 29,000 31,900 Total Revenues 1,141,743 1,404,470 1,229,983 TOTAL: Funds Available 1,689,139 1,831,967 1,682,111 LESS: Expenditures 1000 General Student Body 367, , , Athletics 416, , , Classes 19,083 23,900 19, Clubs 337, , , Private Moneys 6,555 25,520 28,500 Total Expenditures 1,146,689 1,345,040 1,162,998 Ending Fund Balance 542, , ,113 Page 19

22 TRANSPORTATION VEHICLE FUND SUMMARY Actual Budget Budget Beginning Fund Balance 1,793,537 1,913,424 2,016,417 ADD: Revenues 2300 Investment Earnings 14,585 8,980 8, Insurance Recoveries 0 100, State Grant Revenue Transportation Reimbursement 560, , Impact Aid Other Financing Sources Total Revenues 574, , ,071 TOTAL:Funds Available 2,368,270 2,022,404 2,489,488 LESS: Expenditures Act. 30 Equipment 454, , ,860 Act. 60 Bond Levy Issuance Act. 90 Debt Total Expenditures 454, , ,860 Ending Fund Balance 1,914,046 1,380,888 1,539,628 Page 20

23 Links to Other Information Kitsap County Assessor Office of Superintendent of Public Instruction Washington State Legislature District Contact Information MONICA HUNSAKER DIRECTOR OF FINANCE, BUSINESS & OPERATIONS CATHIE CLAWSON ASSISTANT DIRECTOR OF FINANCE Tel Fax Tel Fax North Kitsap School District Caldart Avenue NE. Poulsbo, WA Page 21