Beaverton School District Year-To-Date Activity and Forecast General Fund For the Period Ended October 31, ($ In millions)

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1 Year-To-Date Activity and Forecast General Fund For the Period Ended October 31, 2010 ($ In millions) Budget Activity Adopted Final YTD Actuals Encumbrances Actuals Forecast Budget Budget Through Through Including Through Current Month Current Month Encumbrances 10/31/2010 REVENUES: Beginning Fund Balance $ 23.0 $ 23.0 $ 26.5 $ - $ 26.5 $ 26.5 State School Fund: State School Fund Property taxes Common School Fund County School Fund Investment earnings Other Transfers in Total $ $ $ 96.2 $ - $ 96.2 $ EXPENDITURES: Salaries $ $ $ 46.0 $ - $ 46.0 $ Benefits Purchased services Supplies & materials Capital outlay Other Transfers out Subtotal $ 10.2 $ CONTINGENCY: Total $ $ $ 76.6 $ 10.2 $ Projected ending fund balance $ 18.1 Projected ending fund balance percentage of actual (forecast) revenue at 10/31/10 5.8% N:\Business_Office\Finance\Forecasts\ \Monthly Financials Business Services 11/17/2010

2 Comparison of Year-To-Date Revenue and Expenditures to the Prior Year General Fund For the Period Ended October 31, Variance Percentage Audited YTD of Total Budget YTD Percentage Increase (Decrease) From Prior Year Fiscal Year Through Fiscal Year Fiscal Year Through of Total /31/ /31/10 Budget $ % REVENUES: Beginning fund balance $ 14,233,000 $ 17,182, % $ 23,000,000 $ 26,486, % $ 9,303, % Property taxes 96,088, , % 99,789, , % 54, % Local option levy 15,000 9, % % (9,312) % State School Fund 170,528,161 66,533, % 158,203,891 66,111, % (422,233) -0.63% Common School Fund 1,265, % 3,080, % % County School Fund 620, % 620, , % 245, % ESD apportionment 6,201,524 33, % 6,582, % (33,000) % Charges for services 1,135, , % 1,987, , % 204, % Investment earnings 300,000 6, % 330,000 5, % (1,040) % Rentals 378,000 82, % 445,000 79, % (3,325) -4.03% Recovery of prior year expenditures - 10,232 n/a - 66,887 n/a 56, % Fees charged to grants 1,000, , % 1,000, , % 82, % Extra Curricular Activities 1,322, % 1,407, , % 567, % Federal Revenue % 11,703, % % Other 775, , % 1,480,000 1,059, % 736, % Transfers in 3,493,000 3,493, % 124, , % (3,369,406) % Total $ 297,355,488 $ 88,834, % $ 309,752,796 $ 96,247, % $ 7,412, % EXPENDITURES: Salaries $ 173,122,718 $ 42,469, % $ 187,152,670 $ 45,966, % $ 3,496, % Benefits 76,532,638 18,531, % 79,706,314 19,489, % 957, % Purchased services 17,258,089 3,671, % 15,808,300 3,866, % 194, % Supplies & materials 11,121,790 2,558, % 9,453,291 2,401, % (156,696) -6.13% Capital outlay 595, , % 130,920 9, % (160,463) % Other 314,874 91, % 315, , % 29, % Transfers out 3,543,794 3,543, % 4,795,621 4,795, % 1,251, % Contingency and budget savings 14,866, ,390, Total $ 297,355,488 $ 71,036, % $ 309,752,796 $ 76,649, % $ 5,612, %

3 Comparison of Year-To-Date Revenue and Expenditures to the Prior Year - Variance Analysis General Fund For the Period Ended October 31, 2010 Variance Increase (Decrease) From Prior Year $ % REVENUES: Beginning fund balance 9,303, % County School Fund 245, % * Other 736, % Transfers in (3,369,406) % Explanation of Variance Increase from substantially due to District-Wide budget reduction strategies. Variance is due to timing of receipt for County School Fund. Variance is due to timing of erate and administrative claiming monies. Variance is due to no sustainability fund transfer in EXPENDITURES: Salaries 3,496, % Expected due to salary adjustments and step increase. Capital outlay (160,463) % Transfers out 1,251, % Decline due to cuts to school and department budgets. Variance is due to first year of FFCO Debt Service. * New variance explanation for current month

4 Summary of Revenue, Expenditures and Encumbrances All Funds Except General Fund For the Period Ended October 31, 2010 Revenue Expenditures Final YTD YTD YTD Budget Revenue Budget Variance Final Expenditures Expenditures & Budget Variance Funds (Incl Beg Fund Bal) (Incl Beg Fund Bal) $ % Budget (Inc transfers out) Encumbrances Encumbrances $ % Fund Balance Student Activity Fund $ 2,662,405 $ 589,650 $ (2,072,755) 22.15% $ 2,662,405 $ 201,808 $ 48,985 $ 250,793 $ (2,411,612) 9.42% $ 338,857 Categorical 7,842,024 5,260,304 (2,581,720) 67.08% 7,842, , ,500 1,165,861 (6,676,163) 14.87% 4,094,443 Grant Fund 45,721,050 1,863,163 (43,857,887) 4.08% 45,721,050 7,621,354 1,726,220 9,347,574 (36,373,476) 20.44% (7,484,411) Long-Term Planning Fund 1,991,501 1,464,108 (527,393) 73.52% 1,991, , , ,542 (1,179,959) 40.75% 652,566 Nutrition Services Fund 13,192,255 3,545,682 (9,646,573) 26.88% 13,192,255 3,015,693 12,503 3,028,196 (10,164,059) 22.95% 517,486 Debt Service Fund 61,775,104 10,408,205 (51,366,899) 16.85% 61,775,104 1,666,527-1,666,527 (60,108,577) 2.70% 8,741,678 Capital Projects Fund 40,906,178 35,275,644 (5,630,534) 86.24% 40,906,178 10,687,203 3,700,379 14,387,582 (26,518,596) 35.17% 20,888,062 Insurance Reserve Fund 3,676,793 3,273,661 (403,132) 89.04% 3,676,793 1,318, ,249 2,022,239 (1,654,554) 55.00% 1,251,422 Workers' Compensation Fund 2,721,996 2,028,551 (693,445) 74.52% 2,721, , ,924 (2,253,072) 17.23% 1,559,627 Printing Services Fund 482, ,767 (289,699) 39.95% 482,466 71, , ,299 (267,167) 44.62% (22,532) Scholarship Fund (Expendable Trust) 354, ,337 (51,966) 85.33% 354,303 30,217 15,050 45,267 (309,036) 12.78% 257,070 Pension Trust Fund 824, ,284 (8,940) 98.92% 824,224 3, ,817 (820,407) 0.46% 811,467 Total $ 182,150,299 $ 65,019,356 $ (117,130,943) $ 182,150,299 $ 26,372,422 $ 7,041,199 $ 33,413,621 $ (148,736,678)

5 BEAVERTON SCHOOL DISTRICT CASH ACTIVITY REPORT FOR ALL FUNDS OCTOBER 2010 BEGINNING ENDING BALANCE CASH CASH TRANSFERS BALANCE 9/30/2010 RECEIPTS DISBURSEMENTS IN (OUT) 10/31/2010 CASH PER BOOKS General Checking (US) $ 512,946 $ 4,238,951 $ (17,391,970) $ 14,924,314 $ 2,284,241 Payroll Checking 462,680 (15,920) (209,843) 529, ,658 Cafeteria Checking - 513,822 - (513,822) - Workers' Compensation 15,712 - (49,404) 65,000 31,308 Loss Checking 5, ,363 Payroll Direct Deposit 141,410 8 (11,024,806) 11,000, ,612 INVESTMENTS Seattle Northwest 8,067, (6,071,340) 1,996,000 Wells Fargo 12,781, (5,089,295) 7,692,633 US Bank Piper Jaffray 8,257, ,990,336 10,247,826 RBC Dain Rauscher 9,140, (7,153,909) 1,987,069 Oregon State Local Government Investment Pool 32,832,370 12,317,254 (53) (9,681,025) 35,468,546 TOTAL CASH & INVESTMENTS $ 72,218,217 $ 17,054,115 $ (28,676,076) $ - $ 60,596,256 Cash Activity Report Prepared by Business Services 11/17/2010

6 Portfolio Management Portfolio Summary October 31, 2010 Maximum % of YTM 365 Portfolio allowed Investments Par Value Market Value Book Value % of Portfolio Term YTM Equiv. per Board policy CD 85, , , % % Corporate Notes 1,875, ,958, ,987, % % Commercial Paper Disc. -At Cost 5,000, ,997, ,997, % % Federal Agency Coupon Securities 14,360, ,660, ,938, % % LGIP 35,468, ,468, ,468, % % Investments 56,788, ,170, ,477, % Cash and Accrued Interest Accrued Interest at Purchase 16, , Subtotal 16, , Total Cash and Investments 89,186, ,807, ,275, Beaverton School District Portfolio Management Portfolio Summary October 31, % 3.46% 8.70% 25.98% 61.71% CD Commercial Paper Disc. -At Cost LGIP Corporate Notes Federal Agency Coupon Securities

7 Portfolio Management Portfolio Details - Investments October 31, 2010 Page 1 CUSIP Investment # CD Issuer Average Balance Purchase Date Par Value Market Value Book Value SYS US Bank CD 05/11/2010 8, , , /10/ US Bank CD 05/11/ , , , /10/2011 Corporate Notes Subtotal and Average 85, , , , WAA US BANK 06/04/2010 1,000, ,045, ,061, /01/ CE Wells Fargo 06/04/ , , , /01/2011 Commercial Paper Disc. -At Cost Subtotal and Average 5,392, ,875, ,958, ,987, JP G E Cap Corp 10/26/2010 3,000, ,998, ,998, /04/ HP Toyota Cap Corp 10/26/2010 2,000, ,999, ,999, /04/2011 Federal Agency Coupon Securities Subtotal and Average 967, ,000, ,997, ,997, JJP Federal Farm Credit Bank 04/06/2010 2,000, ,005, ,996, /05/ VJ Federal Farm Credit Bank 04/15/2010 2,000, ,075, ,120, /18/ XJVL Federal Home Loan Bank 12/10/2009 2,000, ,036, ,114, /11/ XT3B Federal Home Loan Bank 12/10/ , , , /11/ XRY Federal Home Loan Bank 04/06/2010 2,000, ,060, ,081, /09/ XRY Federal Home Loan Bank 04/14/2010 3,000, ,090, ,129, /09/ A4VJ Federal Home Loan Mtg Corp 12/10/2009 2,500, ,528, ,622, /18/2011 Federal Agency Disc. -At Cost LGIP Subtotal and Average 22,308, ,360, ,660, ,938, Subtotal and Average 884, LGIP LGIP 06/30/2006 1,524, ,524, ,524, SYS LGIP 07/01/ LGIP LGIP 07/01/ ,843, ,843, ,843, LGIP LGIP 01/16/ ,166, ,166, ,166, LGIP LGIP 07/01/ LGIP LGIP 03/19/ , , , LGIP LGIP 04/02/2009 6,412, ,412, ,412, Stated Rate Term YTM YTM 365 Maturity Date Portfolio BEAV CP Run Date: 11/08/ :21 PM (PRF_PM2) Report Ver

8 Portfolio Management Portfolio Details - Investments October 31, 2010 Page 2 CUSIP Investment # Issuer Average Balance Purchase Date Par Value Market Value Book Value Stated Rate Term YTM YTM 365 Maturity Date Subtotal and Average 37,265, ,468, ,468, ,468, Municipal Investment Accounts SYS US MIA 02/06/ Subtotal and Average Total and Average 66,904, ,788, ,170, ,477, Portfolio BEAV CP Run Date: 11/08/ :21 PM (PRF_PM2) 7.2.5