INDEPENDENCE LOCAL SCHOOLS Board Meeting

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1 Exhibit #2 INDEPENDENCE LOCAL SCHOOLS Board Meeting April 2015 Financial Reports 1

2 Independence Local Schools Fiscal Year 2015 Revenue Collection by Fund Exhibit #2 FY 15 % of Projected % of Fiscal % of Projected % of Fiscal Amount Fiscal Month Available Revenue Year Revenue Year Fund Description Fund Budgeted To date To Date Balance Collected Completed Outstanding Remaining General 001 $ 16,967,953 $ 16,234,754 $ 1,695,546 $ 733, % 83.33% 4.32% 16.67% Bond Retirement 002 1,202,450 1,170, ,788 31, % 83.33% 2.66% 16.67% Permanent Improvement , ,437 65,765 18, % 83.33% 2.88% 16.67% Building , , % 83.33% % 16.67% Food Service , ,721 21,439 99, % 83.33% 33.09% 16.67% Endowment % 83.33% 0.00% 16.67% Uniform School Supplies 009 (390) (390) % 83.33% 0.00% 16.67% Public Sch. Support ,000 63,865 5,129 (6,865) % 83.33% 12.04% 16.67% Other Grants % 83.33% 0.00% 16.67% District Agency ,000 6,892 5, % 83.33% 42.57% 16.67% Student Managed Activity , ,940 29,651 (12,945) % 83.33% 5.65% 16.67% District Managed Activity ,500 58,999 1,103 39, % 83.33% 40.10% 16.67% State Grants , ,451 (29,951) % 83.33% 11.63% 16.67% Federal Grants ,907 87,907 35, % 83.33% 0.00% 16.67% $ 20,488,445 $ 18,964,060 $ 1,982,809 $ 1,524, % 83.33% 7.44% 16.67% 2

General Fund Revenue Collection Exhibit # 2 Month End 4 30 2015 Fiscal Year 2015 Actual Budget/Estimate Variance Actual Budget/Estimate Variance Real Estate $ 1,630,346 $ 872,127 $ 758,219 $

3 General Fund Revenue Collection Exhibit # 2 Month End Fiscal Year 2015 Actual Budget/Estimate Variance Actual Budget/Estimate Variance Real Estate $ 1,630,346 $ 872,127 $ 758,219 $ 13,657,207 $ 13,222,052 $ 435,155 TPP (PUPP only) 664, ,126 95,418 Foundation 48,922 53,072 (4,150) 564, ,383 11,116 Restricted Grants 57,472 57,472 Home/Role & TPP Reimb 889, ,492 1,508 Other/Misc. 16,278 27,116 (10,838) 402, ,449 77,584 Total Revenue: $ 1,695,546 $ 952,315 $ 743,231 $ 16,234,755 $ 15,613,974 $ 620,781 3

4 Independence Local Schools Fiscal Year 2015 Expenditure Projection by Fund Exhibit #2 Fy 15 w/o Encumb. % of Fiscal % of Fiscal Amount Fiscal Month Current Available % of Projected Year % of Budget Year Fund Description Fund Expendable To date To Date Encumbrances Balance Expended Completed Available Remaining General 001 $ 15,770,362 $ 12,517,752 $ 1,165,629 $ 671,382 $ 2,581, % 83.33% 20.62% 16.67% Bond Retirement 002 1,071, ,170 (2,761) 70,449 $ 94, % 83.33% 15.36% 16.67% Permanent Improvement , ,344 4, ,181 $ (284,720) 79.30% 83.33% 20.70% 16.67% Building ,970 $ 646, % 83.33% % 16.67% Food Service , ,318 24,248 21,775 $ 42, % 83.33% 21.80% 16.67% Endowment 008 7, $ 7, % 83.33% 96.87% 16.67% Uniform School Supplies 009 3, ,098 $ 1, % 83.33% 74.94% 16.67% Public Sch. Support ,935 52,650 3,570 31,695 $ (24,410) 87.85% 83.33% 12.15% 16.67% Other Grants 019 9,871 $ 9, % 83.33% % 16.67% District Agency ,815 7,825 $ 3, % 83.33% 33.77% 16.67% Student Managed Activity , ,529 32,725 46,013 $ (39,772) 97.74% 83.33% 2.26% 16.67% District Managed Activity ,985 99,911 6,103 14,569 $ (17,495) % 83.33% 3.02% 16.67% State Grants , ,817 42,378 92,531 $ 96, % 83.33% 49.05% 16.67% Federal Grants ,907 87,907 (291) $ (0) % 83.33% 0.00% 16.67% $ 19,485,349 $ 14,975,224 $ 1,277,254 $ 1,391,693 $ 3,118, % 83.33% 23.15% 16.67% 4

General Fund Expenditure Exhibit #2 Month End 4 30 2015 FYTD 2015 Actual Budget/Estimate Variance Actual Budget/Estimate Variance Personnel/Salaries $ 673,334 $ 662,111 $ 11,223 $ 6,828,007 $

5 General Fund Expenditure Exhibit #2 Month End FYTD 2015 Actual Budget/Estimate Variance Actual Budget/Estimate Variance Personnel/Salaries $ 673,334 $ 662,111 $ 11,223 $ 6,828,007 $ 6,906,118 $ (78,111) Benefits 282, ,841 (9,586) 2,418,981 2,510,779 (91,798) Purchased Services 203, ,987 52,664 2,625,907 2,487, ,877 Supplies 39,233 34,978 4, , ,044 (45,891) Equipment (530) 7,924 18,223 (10,299) Debt Service Other/Misc. (33,124) 2,927 (36,051) 270, ,838 (49,056) Transfers $ 1,165,629 $ 1,143,654 $ 21,975 $ 12,517,754 $ 12,654,032 $ (136,278) 5

6 General Fund Monthly Expense Comparison Fiscal Year 2015 vs. Fiscal Year 2014 Exhibit #2 July 14 August 14 September 14 October 14 November 14 December 14 January 15 February 15 March 15 April 15 Total FYTD 15 Fiscal Year 2015 Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses 3 Pay Month Salaries $ 600,918 $ 681,297 $ 647,854 $ 970,823 $ 678,614 $ 696,023 $ 673,386 $ 599,289 $ 606,469 $ 673,334 $ 6,828,007 Benefits 230, , , , , , , , , ,255 $ 2,418,981 Purchase Services 140, , , , , , , , , ,651 $ 2,625,907 Supplies 28,350 24,555 89,962 40,250 34,489 46,472 32,263 6,953 23,626 39,233 $ 366,153 Capital Outlay 1,578 2,345 2, $ 7,924 Other Expenses 1,053 26,643 8,940 85,088 9,878 14,977 53, ,312 1,310 (33,124) $ 270,782 Total Expenses $ 1,001,775 $ 1,129,647 $ 1,192,127 $ 2,059,449 $ 1,112,538 $ 1,172,566 $ 1,146,508 $ 1,563,300 $ 974,215 $ 1,165,629 $ 12,517,754 July 13 August 13 September 13 October 13 November 13 December 13 January 14 February 14 March 14 April 14 Total FYTD 14 Fiscal Year 2014 Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses 3 Pay Month Salaries 704, , , , , , , , , ,395 6,799,454 Benefits 212, , , , , , , , , ,108 2,371,579 Purchase Services 166, , , , ,463 59, , , , ,144 2,365,464 Supplies 34,987 45,008 67,730 65,771 22,600 21,675 38,223 14,141 15,469 29, ,028 Capital Outlay ,910 (2,598) 232 1,356 2,627 Other Expenses 26,094 1, ,394 10,077 8,980 5,163 24,865 1, , ,520 Total Expenses $ 1,144,494 $ 1,060,828 $ 1,215,453 $ 1,510,210 $ 1,476,799 $ 1,015,803 $ 1,091,849 $ 984,825 $ 1,571,003 $ 1,128,408 $ 12,199,672 Over/(Under) Previous Yr. $ (142,719) $ 68,819 $ (23,326) $ 549,239 $ (364,261) $ 156,763 $ 54,659 $ 578,475 $ (596,788) $ 37,221 $ 318,082 Over/Under Salaries Benefits Purchase Services Supplies Capital Outlay Other Expenses Previous Yr. 28,553 47, ,443 11,125 5,297 (34,738) $ 318,082 6

7 Independence Local Schools Fiscal Year 2015 Cash Flow by Fund Exhibit #2 7/1/2014 Fiscal Fiscal 4/30/2015 Cash Yr. to Date Yr. to Date Cash Fund Description Fund Balance Revenue Expenditures Balance General 001 $6,470,282 $ 16,234,754 $ 12,517,752 $10,187,284 Bond Retirement 002 2,422,268 1,170, ,170 2,685,582 Permanent Improvement , , , ,017 Building 004 Food Service , ,318 (29,812) Endowment 008 7, ,736 Uniform School Supplies ,891 (390) ,749 Public Sch. Support ,580 63,865 52,650 34,795 Other Grants 019 9,872 9,872 District Agency 022 2,545 6,892 7,825 1,612 Student Managed Activity , , , ,580 District Managed Activity 300 1,434 58,999 99,911 (39,477) State Grants , , , ,046 Federal Grants ,907 87,907 (0) $9,814,147 $18,964,060 $14,975,224 $13,802,983 7

8 Actual Month-End General Fund Cash Balance Exhibit #2 8

9 9 Projected General Fund Monthly Cash Flow

10 Investment/Reconciliation Report Fiscal year 2015 Exhibit #3 CASH RECONCILIATION April 15 Monthly Rate Interest cytd NFS Star Oho $ 753, % $ $ $ Star Plus 9,175, % $ 1, $ 5, $ Charter One Bank 324, n/a Charter One Bank 424, n/a Charter One Bank 323, n/a Independence Bk Savings 377, % Independence Bk Checking 138, n/a Independence Bk CD 500, Independence Bk CD 1,500, % 1, , Total Balance Per Bank Statement $ 13,517, $ 3, $ 7, $30.00 E/Z Pay Dept. not recorded In Trans. Deposits In Transit h/s café Dupl. Chk: 0.00 m/s café NFS m/s café Outstanding Checks (57,252.18) p/s café Manuscript Debt 347, h/s café Outstanding Payroll checks (5,281.86) Void Payroll Ck: 0.00 $ Check Coding: 0.02 Bank Deposit 0.00 Void Check Bk Coding Correction (2.08) Adjusted Total Balance Per Bank Statement 13,802, Fund Balances 13,802, Difference $ 10

11 Check Register Informational Item Warrants over $1, to Check Amount Vendor Description Check Amount Vendor Description ,500 Ohio Varsity Winter Sports Info ,335 Steve's Sports Apparel Baseball ,500 Maretka, Scott Adv. For Trip ,354 NCC Student, Fiscal Services ,545 SERS Retirement ,776 Controlled Environmental Systems HVAC Repairs ,694 AT&T Phone Services ,813 Quadstar M/S Power Outage Emergency ,745 Stoller Enterprises LLC Fundraiser Drama ,867 Brindza, McIntyre and Seed Legal Services ,772 M&M Express Solutions Apparel ,873 Medicare/Fica Payroll Benefits ,848 Normandy H.S. Wrestling ,988 Dominion East Ohio Utilities ,895 BrainPop Aux. Service Funds ,332 William Sandlier, Inc Auxiliary Services Funds ,988 Follett Educational Aux. Service Funds ,434 Medicare/Fica Payroll Benefits ,200 Evans Energy, LLC Energy Audit Services ,500 Hotel & Leisure Advisors, LLC Appraisal Services ,311 William H. Sadlier CC Progress Eng ,595 United Cerebral Palsy Assoc. Special Needs Services ,344 Digicom District Copies ,077 Bon Appetite Management Corp. Class ,349 Ace Copier Services Agree ,157 Dominion East Ohio Utilities ,417 Pearson Prentice Hall Instructional Supplies ,355 Gordon Food Services Cafeteria ,495 S&L Services Welding to Fleet ,526 OSCO Cop. Gas Purchasing ,950 Squire Patton Boggs LLP Legal Services ,811 Coresource Dental Benefits ,200 Spalding/Emig Company Appraisal Services ,978 Lykins Oil Company Fuel ,336 Carter Caves State Resort Park Bio. Field Trip ,983 Controlled Environmental Systems HVAC Repairs ,500 CMP Communications Public Relations ,075 PSI ASSOCIATES Health Services ,514 STRS Retirement ,160 Illuminating Company, The Utilities ,514 STRS Retirement ,257 M.L.G. Construction Co. M/S Electrical Repairs ,708 Northeast Oh. Sewer Dist. Utilities ,306 SERS Retirement ,714 DIVISION OF WATER Utilities ,000 Quadstar Technology Services ,816 High Voltage Manteca M/S Electrical Repairs ,306 STRS Retirement ,959 G & G, Inc Aux. Service Funds ,937 STRS Retirement ,197 Brindza, McIntyre and Seed Legal Services ,561 BWC BWC Premium ,216 De Lage Landen Public Finance Copier Lease ,733 Orange City Schools Medical Benefits ,836 Payroll Transfer Payroll ,368 Payroll Transfer Payroll 11

12 Monthly Cafeteria Report Fiscal Year 2015 FY FY 2015 July August September October November December January February March April Total Receipts High Sch. 5,259 5,887 7,357 5,380 4,207 5,407 5,053 7,318 4,995 50,865 Middle Sch. 5,094 6,379 7,627 5,849 3,506 6,545 5,167 7,324 4,602 52,093 Primary Sch ,083 6,554 8,648 6,975 4,701 6,795 5,988 8,276 5,907 60,038 Other ,677 5,993 4,882 3,858 4,642 4,426 5,935 37,725 Total Receipts ,437 18,904 31,310 24,198 17,296 22,606 20,850 27,345 21, ,720 Expenditures 3 pay month Total High Sch. 3,768 3,765 5,227 13,612 8,390 6,801 7,597 7,807 7,195 7,813 71,976 Middle Sch. 3,066 3,034 4,545 15,003 8,626 7,400 7,587 8,014 7,522 8,430 73,226 Primary Sch. 3,368 3,368 4,206 13,091 8,621 6,805 6,864 7,541 7,128 7,338 68,330 Other 4, , ,315 1,007 4, ,785 Total Expenditures 14,446 10,866 18,530 42,235 26,953 22,013 22,049 28,065 21,913 24, ,318 Fiscal Year 2015 Balance to Date: 785 (29,813) FY FY 2014 July August September October November December January February March April Total Receipts High Sch. 4,445 5,920 8,021 5,504 3,643 5,374 5,289 5,511 5,806 49,513 Middle Sch. 5,448 7,125 8,680 6,942 4,850 5,747 5,942 6,179 6,999 57,912 Primary Sch. 6,978 6,867 7,879 7,282 5,458 7,265 6,852 6,584 6,720 61,884 Other 7,938 6,675 5,537 4,269 4,190 5,411 4,792 38,813 Total Receipts 16,870 19,912 32,519 26,403 19,487 22,655 22,273 23,685 24, ,121 Expenditures 3 pay month Total High Sch. 4,699 4,995 7,282 14,647 8,637 12,129 6,071 4,834 13,442 8,712 85,447 Middle Sch. 3,138 3,138 5,159 13,274 6,750 12,953 6,737 4,349 12,709 9,229 77,437 Primary Sch. 3,221 3,221 3,941 10,068 6,045 11,168 6,180 4,433 12,396 7,147 67,822 other 1, ,373 2, ,510 Total Expenditures 12,437 11,855 19,754 40,700 21,971 36,409 19,158 14,582 38,587 25, ,215 Fiscal Year 2014 Balance to Date: 887 (32,206) Expenditure Revenue FY 2015 FY 2014 Inc./Dec. July July over April 30 April 30 Previous yr. Categories: Salaries 104, ,354 (9,585) Benefits 28,741 30,491 (1,750) Purch. Serv. 9,881 4,236 5,645 Supplies 87,927 92,133 (4,206) 231, ,215 (9,897) FY 2015 FY 2014 Inc./Dec. July July over April 30 April 30 Previous yr. Categories: Sales Type A 162, ,309 (6,313) Misc., Vending 1,900 1, State Subsidy Federal Subsidy 34,964 36,895 (1,930) 200, ,121 (7,401) 12

13 Cafeteria Meals Served Comparison FY FY 2015 August September October November December January February March April Total Meals Served/# Serving Days High Sch. 2,415 1,988 1,394 1,048 1,526 1,309 1,928 1,404 13,012 Middle Sch. 2,085 1,794 1,231 1,042 1,306 1,147 1,587 1,093 11,285 Primary Sch. 3,320 2,901 2,132 1,999 2,177 1,986 2,846 2,171 19,532 Total Meals Served 7,820 6,683 4,757 4,089 5,009 4,442 6,361 4,668 43,829 FY FY 2014 August September October November December January February March April Total Meals Served/# Serving Days High Sch. 2,171 1,883 1, ,009 1,198 1,061 1,433 10,922 Middle Sch. 2,938 2,465 1,970 1,435 1,366 1,687 1,512 1,866 15,239 Primary Sch. 3,181 2,990 2,495 2,128 1,980 2,403 2,239 2,765 20,181 Total Meals Served 8,290 7,338 5,778 4,417 4,355 5,288 4,812 6,064 46,342 13

INDEPENDENCE LOCAL SCHOOLS Board Meeting

Exhibit #2 INDEPENDENCE LOCAL SCHOOLS Board Meeting 6-28-2017 May 2017 Financial Reports 1 Independence Local Schools Fiscal Year 2017 Revenue Collection by Fund Exhibit #2 FY 17 % of Projected % of Fiscal