2. Staffing (FTE all funds) Budget Actual Over (Under) Certificated 1, , (10.60) Classified (8.39)

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1 Business Services To: Board of Directors Dr. Michelle Reid, Superintendent Northshore School District 3330 Monte Villa Parkway Bothell, WA (Fax) From: Lydia Sellie Date: December 13, 2016 Regarding: October Enrollment Budget Current Average Over (Under) District Served FTE 20, , Running Start FTE Graduation Alliance (1418) FTE (10.50) 2. Staffing (FTE all funds) Budget Over (Under) Certificated 1, , (10.60) Classified (8.39) 3. Budget Status A. General Fund With 17% of the fiscal year elapsed, we have received 23% and spent 17% of our budgeted revenues and expenditures. Revenues of $20.2 million represent the October M&O levy collection. The Educational Support Professionals (ESP) retroactive compensation for was paid in October. B. Capital Projects Fund Revenues of $3.3 million represent the October levy collection. C. Debt Service Fund Revenues of $18.7 million represent the October levy collection. D. Transportation Vehicle Fund No significant activity to report. E. Associated Student Body Fund No significant activity to report. If you have questions on the content of the attached material, please call Chris Brenengen, Director of Finance ( ); Joli Valentino, Director of Accounting ( ); or me ( ).

2 GENERAL FUND to Remaining Revenues Budget for Month for Year Budget Budget Local Taxes 49,927,001 19,133,099 20,212,570 40% 29,714,431 Local Support Nontax 9,717, ,590 3,514,262 36% 6,203,699 State, General Purpose 137,713,370 12,331,639 24,665,876 18% 113,047,494 State, Special Purpose 30,182,411 2,585,777 5,157,412 17% 25,024,999 Federal, General Purpose 1,493, % 1,493,995 Federal, Special Purpose 10,658, , ,533 5% 10,092,729 Revenues From Other Sch. Districts 307,000 6,527 14,222 5% 292,778 Revenues From Other Entities 200,000 2, , % (43,087) Total Revenues 240,200,000 35,848,489 54,372,962 23% 185,827,038 plus Encumbrance to Remaining Expenditures Budget for Month for Year Encumbrance Budget Budget Regular Instruction 146,099,493 12,095,240 23,921,849 2,123,305 18% 120,054,339 Special Education Instruction 39,581,929 3,766,774 6,686,328 5,085,750 30% 27,809,851 Vocational Instruction 5,462, ,637 1,252,293 69,993 24% 4,140,267 Compensatory Education 6,303, , , ,412 16% 5,294,249 Other Instructional Programs 4,038, , , ,534 18% 3,301,391 Community Services 768,364 44,858 77,569 46,569 16% 644,226 Support Services 42,145,846 3,986,031 7,511,528 6,507,556 33% 28,126,762 Total Expenditures 244,400,000 21,161,064 40,797,796 14,231,119 23% 189,371,085 to Remaining Budget for Month for Year Budget Budget Other Financing Sources 2,800, , ,900 12% 2,477,100 Revenues Over (Under) Expenditures (1,400,000) 14,850,199 13,898,066 Beginning Fund Balance 20,600,000 24,154,910 Ending Fund Balance Accounts Restricted for Other Items 406, ,611 Nonspendable Fund Bal. - Inventory 2,300, ,909 Restricted for Uninsured Risks 600, ,000 Assigned to Other Purposes 2,310,000 7,454,668 Unassigned Fund Balance 6,261,000 21,466,788 Unassigned to Min. Fund Bal. Policy 7,323,000 7,323,000 Total Ending Fund Balance 19,200,000 38,052,976 1

3 CAPITAL PROJECTS FUND to Remaining Revenues Budget for Month for Year Budget Budget Local Taxes 7,984,000 3,091,473 3,266,051 41% 4,717,949 Local Nontax Support 469, , ,222 46% 252,778 State Special Purpose 10,322, % 10,322,000 Total Revenues 18,775,000 3,194,260 3,482,273 19% 15,292,727 to Remaining Project Expenditures Budget for Month for Year Budget Budget Encumbrance Sites 1,876,000 23,464 20,480 1% 1,855,520 1,457,668 Buildings 32,801, ,142 1,402,055 4% 31,398,945 23,660,436 Equipment 15,928, , ,048 3% 15,480,952 1,015,915 Energy 1,050, , ,880 22% 816, ,885 Bond Issuance % - 6,250 Total Expenditures 51,655,000 1,526,793 2,103,463 4% 49,551,537 26,627,154 to Remaining Budget for Month for Year Budget Budget Other Financing Uses (2,800,000) (162,774) (322,900) 12% (2,477,100) Revenue Under Expenditures (35,680,000) 1,504,693 1,055,910 Beginning Fund Balance 64,893,000 76,669,215 Ending Fund Balance Accounts Restricted for Bond Proceeds 551,000 27,286,285 Restricted for Levy Proceeds 751,000 4,078,870 Committed to Other Purposes 1,566,000 1,533,814 Assigned to Fund Purposes 26,345,000 44,826,156 Total Ending Fund Balance 29,213,000 77,725,125 2

4 DEBT SERVICE FUND to Remaining Revenues Budget for Month for Year Budget Budget Local Taxes 46,176,401 17,741,753 18,742,991 41% 27,433,410 Local Support Nontax 92,195 7,412 14,214 15% 77,981 Federal, General Purpose 521, % 521,404 Total Revenues 46,790,000 17,749,165 18,757,205 40% 28,032,795 to Remaining Expenditures Budget for Month for Year Budget Budget Matured Bond Expenditures 25,457, % 25,457,311 Interest on Bonds 19,777, % 19,777,324 Bond Transfer Fees 15,365 3,180 3,180 21% 12,185 Total Expenditures 45,250,000 3,180 3,180 0% 45,246,820 Revenue Over (Under) Expenditures 1,540,000 17,745,985 18,754,025 Beginning Fund Balance 9,265,000 9,420,502 Ending Fund Balance 10,805,000 28,174,527 3

5 TRANSPORTATION VEHICLE FUND to Remaining Revenues Budget for Month for Year Budget Budget Local Nontax 12,000 2,359 4,146 35% 7,854 Insurance Recoveries 70, % 70,000 State Revenue 613, % 613,000 Total Revenues 695,000 2,359 4,146 1% 690,854 Expenditures plus Encumbrance to Remaining Budget for Month for Year Encumbrance Budget Budget Transportation Equipment 1,400, ,894 4% 1,337,106 Revenues Over (Under) Expenditures (705,000) 2,359 4,146 Beginning Fund Balance 3,022,000 3,029,738 Ending Fund Balance 2,317,000 3,033,884 4

6 ASSOCIATED STUDENT BODY FUND * to Remaining Budget for Month for Year Budget Budget Revenues 4,523, ,266 1,265,357 28% 3,257,996 Expenditures 4,557, , ,051 8% 4,214,949 Revenues Over (Under) Expenditures (33,647) 182, ,306 Beginning Fund Balance 1,190,738 1,763,299 Ending Fund Balance 1,157,091 2,686,605 * Includes Trust Fund 5

7 Balance Sheet as of October 31, 2016 General Capital Debt Transportation ASB Schedule of Long- Fund Projects Fund Service Fund Vehicle Fund Fund Term Liabilities Assets (includes Trust Fund) Cash Equivalents Imprest Cash - General 55, Imprest Cash - Dental/Vision and Workers Comp. 280, Depository Cash 82, Cash - King County 49,750,024 77,489,073 22,119,153 3,033,884 2,795,282 - Cash - King County Retainage Impaired Investment 52, ,889 30,362 6,107 3,939 - Cash - Snohomish County 6,530,264 1,055,148 6,055, Warrants Outstanding (1,940,616) (235,299) - - (56,310) - Total Net Cash 54,810,029 78,584,811 28,204,889 3,039,991 2,742,911 - Other Assets Taxes Receivable - King County 2,301, ,016 2,132, Taxes Receivable - Snohomish County 1,328, ,702 1,231, Accounts Receivable 131,067 (6,799) Inventory - Fuel 90, Inventory - Food Service 269, Prepaid - General 86, Prepaid - Postage 7, Self-Insurance Security Deposit 1,011, Amount Available in Debt Service Fund ,174,527 Amount to be Provided for Debt Retirement ,921,165 Total Other Assets 5,226, ,919 3,364, ,095,692 Total Assets 60,036,919 79,160,730 31,569,473 3,039,991 2,742, ,095,692 6

8 Balance Sheet as of October 31, 2016 General Capital Debt Transportation ASB Schedule of Long- Fund Projects Fund Service Fund Vehicle Fund Fund Term Liabilities Liabilities (includes Trust Fund) Accounts Payable (152,644) 51, ,367 - Vacation Leave Payable Long-Term ,001,102 Sick Leave Payable Long-Term ,532,052 Medical Payable 8,978, Payroll Deductions and Taxes Payable 912, Dental Payable 1,687, Vision Payable 884, Garnishments Payable 2, Annuities Payable 109, Retirement Payable 2,587, Use Tax Payable (182) Due to Governmental Units 52, ,889 30,362 6,107 3,939 - Sales Tax Payable Retainage Payable 41, , Leasehold Tax Payable (10,331) Unclaimed Checks/Warrants Payable 1, Estimated Unemployment Benefits Payable 1,210, Estimated Industrial Insurance Payable 2,048, Bonds Payable - Long-Term ,562,538 Unavailable Revenue-Taxes Receivable 3,629, ,718 3,364, Total Liabilities 21,983,943 1,435,605 3,394,946 6,107 56, ,095,692 Fund Balance Restricted for Other Items 754,611-28,174,527 3,033,884 2,686,605 - Nonspendable Fd Bal.-Inventory & Prepaid 453, Restricted for Uninsured Risks 600, Restricted from Bond Proceeds - 27,286, Restricted from Levy Proceeds - 4,078, Committed to Other Purposes - 1,533, Assigned to Other Purposes 7,454, Unassigned Fund Balance 21,466,788 44,826, Unassigned to Min. Fund Balance Policy 7,323, Total Fund Balance 38,052,976 77,725,125 28,174,527 3,033,884 2,686,605 - Total Liabilities and Fund Balance 60,036,919 79,160,730 31,569,473 3,039,991 2,742, ,095,692 7

9 Millions Northshore School District No. 417 General Fund - Total Fund Balance Comparison 2014/15 to 2016/17 $38 $37 $36 $35 $34 $33 $32 $31 $30 $29 $28 $27 $26 $25 $24 $23 $22 $21 $20 $19 $18 $17 $16 $15 $14 $13 $12 $11 SEP 1 SEP 30 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG 2014/ / /17 8