INDEPENDENCE LOCAL SCHOOLS Board Meeting

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1 Exhibit #2 INDEPENDENCE LOCAL SCHOOLS Board Meeting June 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 $ 17,310,507 $ 651,778 $ (342,554) % % 2.02% 0.00% Bond Retirement 002 1,202,450 1,237,647 42,290 (35,197) % % 2.93% 0.00% Permanent Improvement , ,044 22,026 (20,484) % % 3.25% 0.00% Building , , % % 0.00% 0.00% Food Service , ,043 69,781 (568) % % 0.20% 0.00% Endowment % % 0.00% 0.00% Uniform School Supplies 009 (390) % % 0.00% 0.00% Public Sch. Support ,000 87,646 1,353 (30,646) % % 53.77% 0.00% Other Grants % % 0.00% 0.00% District Agency ,780 17,378 5,494 (5,598) % % 47.52% 0.00% Student Managed Activity , ,177 19,938 (55,182) % % 24.10% 0.00% District Managed Activity , ,029 47,164 (1,050) % % 0.97% 0.00% State Grants , ,451 (29,951) % % 11.63% 0.00% Federal Grants ,907 87, % % 0.00% 0.00% $ 20,187,069 $ 20,707,908 $ 859,824 $ (520,840) % % 2.58% 0.00% 2

General Fund Revenue Collection Exhibit # 2 GENERAL FUND REVENUE COLLECTION Month End 6 30 2015 Fiscal Year 2015 Actual Budget/Estimate Variance Actual Budget/Estimate Variance Real Estate $ $ $ $

3 General Fund Revenue Collection Exhibit # 2 GENERAL FUND REVENUE COLLECTION Month End Fiscal Year 2015 Actual Budget/Estimate Variance Actual Budget/Estimate Variance Real Estate $ $ $ $ 13,702,207 $ 13,222,052 $ 480,155 TPP (PUPP only) 664, ,126 95,418 Foundation 48,111 53,072 (4,961) 666, ,527 6,684 Restricted Grants 32,637 32,637 90, ,694 (10,585) Home/Role & TPP Reimb 552, ,097 (4,847) 1,737,534 1,740,874 (3,340) Other/Misc. 18,779 27,116 (8,337) 449, ,681 71,221 Total Revenue: $ 651,777 $ 637,285 $ 14,492 $ 17,310,507 $ 16,670,954 $ 639,553 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 $ 15,583,298 $ 1,262,453 $ 30,457 $ 156, % % 1.19% 0.00% Bond Retirement 002 1,071,828 1,067, $ 3, % % 0.36% 0.00% Permanent Improvement 003 1,087, ,925 19, ,458 $ 29, % % 40.42% 0.00% Building , ,470 $ % % 0.00% 0.00% Food Service , ,808 25,903 $ % % 0.00% 0.00% Endowment 008 7, $ 7, % % 93.74% 0.00% Uniform School Supplies 009 3,000 1,742 $ 1, % % 41.93% 0.00% Public Sch. Support ,035 80,977 4,620 2,175 $ 6, % % 10.06% 0.00% Other Grants 019 9,871 $ 9, % % % 0.00% District Agency ,698 15,698 7,873 $ % % 0.00% 0.00% Student Managed Activity , ,411 3,528 2,520 $ 3, % % 2.08% 0.00% District Managed Activity , , $ % % 0.90% 0.00% State Grants , , ,573 $ % % 0.00% 0.00% Federal Grants ,907 87,907 $ (0) % % 0.00% 0.00% $ 19,573,006 $ 18,907,672 $ 1,456,354 $ 445,610 $ 219, % % 3.40% 0.00% 4

General Fund Expenditure Exhibit #2 GENERAL FUND EXPENDITURE Month End 6 30 2015 FYTD 2015 Actual Budget/Estimate Variance Actual Budget/Estimate Variance Personnel/Salaries $ 732,945 $ 752,326 $

5 General Fund Expenditure Exhibit #2 GENERAL FUND EXPENDITURE Month End FYTD 2015 Actual Budget/Estimate Variance Actual Budget/Estimate Variance Personnel/Salaries $ 732,945 $ 752,326 $ (19,381) $ 8,520,800 $ 8,651,700 $ (130,900) Benefits 231, ,828 (9,880) 2,925,222 3,026,288 (101,066) Purchased Services 152, ,285 26,334 2,965,384 2,733, ,766 Supplies 30,235 30,460 (225) 417, ,000 (82,203) Equipment 3, ,116 21,100 20,000 1,100 Debt Service Other/Misc. 6,884 6, , ,650 (52,121) Transfers 104, ,000 (46,000) 454, , ,470 $ 1,262,454 $ 1,308,384 $ (45,930) $ 15,583,302 $ 15,412,256 $ 171,046 5

6 General Fund Monthly Expense Comparison Fiscal Year 2015 vs. Fiscal Year 2014 Exhibit #2 May & June Does not include $454,470 in Transfers July 14 August 14 September 14 October 14 November 14 December 14 January 15 February 15 March 15 April 15 May 15 June 15 Total FYTD 15 Fiscal Year 2015 Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses 3 Pay Month 3 Pay Month Salaries $ 600,918 $ 681,297 $ 647,854 $ 970,823 $ 678,614 $ 696,023 $ 673,386 $ 599,289 $ 606,469 $ 673,334 $ 959,848 $ 732,945 $ 8,520,800 Benefits 230, , , , , , , , , , , ,948 $ 2,925,222 Purchase Services 140, , , , , , , , , , , ,619 $ 2,965,384 Supplies 28,350 24,555 89,962 40,250 34,489 46,472 32,263 6,953 23,626 39,233 21,409 30,235 $ 417,797 Capital Outlay 1,578 2,345 2, ,353 3,823 $ 21,100 Other Expenses 1,053 26,643 8,940 85,088 9,878 14,977 53, ,312 1,310 (33,124) 863 6,884 $ 278,529 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 $ 1,452,624 $ 1,158,454 $ 15,128,832 July 13 August 13 September 13 October 13 November 13 December 13 January 14 February 14 March 14 April 14 May 14 June 14 Total FYTD 14 Fiscal Year 2014 Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses Expenses 3 Pay Month 3 Pay Month Salaries 704, , , , , , , , , , , ,604 8,479,570 Benefits 212, , , , , , , , , , , ,134 2,874,549 Purchase Services 166, , , , ,463 59, , , , , , ,277 2,680,018 Supplies 34,987 45,008 67,730 65,771 22,600 21,675 38,223 14,141 15,469 29,424 48,366 17, ,605 Capital Outlay ,910 (2,598) 232 1,356 1,029 2,478 6,134 Other Expenses 26,094 1, ,394 10,077 8,980 5,163 24,865 1, , ,153 5, ,731 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 $ 1,429,173 $ 1,144,762 $ 14,773,607 Over/(Under) Previous Yr. $ (142,719) $ 68,819 $ (23,326) $ 549,239 $ (364,261) $ 156,763 $ 54,659 $ 578,475 $ (596,788) $ 37,221 $ 23,451 $ 13,692 $ 355,225 Over/Under Salaries Benefits Purchase Services Supplies Capital Outlay Other Expenses Previous Yr. 41,230 50, ,366 (2,808) 14,966 (34,202) $ 355,225 6

7 Independence Local Schools Fiscal Year 2015 Cash Flow by Fund Exhibit #2 7/1/2014 Fiscal Fiscal 6/30/2015 Cash Yr. to Date Yr. to Date Cash Fund Description Fund Balance Revenue Expenditures Balance General 001 $6,470,282 $ 17,310,507 $ 15,583,298 $8,197,491 Bond Retirement 002 2,422,268 1,237,647 1,067,957 2,591,958 Permanent Improvement , , , ,044 Building , ,470 Food Service , ,808 1,019 Endowment 008 7, ,486 Uniform School Supplies ,891 (390) 1,742 9,759 Public Sch. Support ,580 87,646 80,977 30,249 Other Grants 019 9,872 9,872 District Agency 022 2,545 17,378 15,698 4,225 Student Managed Activity , , , ,935 District Managed Activity 300 1, , ,117 1,346 State Grants , , ,862 (0) Federal Grants ,907 87,907 (0) $9,814,147 $20,707,908 $18,907,672 $11,614,383 7

September November January March May July September November January

8 8 Actual Month-End General Fund Cash Balance $11 $10 $9 $8 $7 $6 $5 $4 $3 $2 $1 Exhibit #2 July September November January March May July September November January March May July September November January March May July September November January Millions March May

9 9 Projected General Fund Monthly Cash Flow

10 Investment/Reconciliation Report Fiscal year 2015 Exhibit #3 CASH RECONCILIATION Monthly Rate Interest cytd Star Oho $ 823, % $ $ Star Plus 8,178, % $ 1, $ 7, Charter One Bank 3, n/a Charter One Bank 458, n/a Charter One Bank 65, n/a Independence Bk Savings 127, % Independence Bk Checking 241, n/a Independence Bk CD 500, Independence Bk CD 1,500, % 1, Total Balance Per Bank Statement $ 11,898, $ 1, $ 10, E/Z Pay Dept. not recorded 0.00 In Trans. Deposits In Transit (1,085.48) (1,085.48) Fed./State Tax Dupl. Chk: 0.00 m/s café NFS 0.00 m/s café Outstanding Checks (218,066.60) p/s café Manuscript Debt 0.00 h/s café Outstanding Payroll checks (64,581.96) Void Payroll Ck: 0.00 $ (1,085.48) Check Coding: 0.00 Bank Fee Void Check Bk Coding Correction (2.08) Adjusted Total Balance Per Bank Statement 11,614, Fund Balances 11,614, Difference $ 10

11 Check Register Informational Item Warrants over $1, to Check Amount Vendor Description Check Amount Vendor Description ,545 SERS Retirement Benefits ,213 Medicare/Fica Payroll Benefits ,558 Schindler Elevator Services ,360 Controlled Environmental Systems HVAC Repairs ,604 Rush Trucking Center Fleet Parts ,706 Medicare/Fica Payroll Benefits ,620 Team IP Track Shirts ,000 Payroll Transfer Payroll Treasurer ,645 United Cerebral Palsy Assoc. Spec. Ed. Evaluation ,207 Controlled Environmental Systems HVAC Repairs ,871 Buckeye Educational Systems Instructional Supplies ,500 Hotel & Leisure Advisors, LLC Appraisal Services BOR ,958 Simplexgrinnell Service Call Security ,814 Gordon Food Services Café Supplies ,108 De Lage Landen Public Finance Copier Lease ,000 United Cerebral Palsy Assoc. Special Ed. Evaluation ,237 Renaissance Learning Auxiliary Services ,105 ESC Tuition Billing ,349 Ace Copier Services ,526 Ohio School Council Utility Purchase Program ,369 Digicom Printing Services ,605 Coresource Dental Benefits ,397 McCmillian/Mcgraw Hill Auxiliary Services ,375 HOUGHTON MIFFLIN CO Auxiliary Services ,873 Horton, Benjamin Rental Services ,444 Lykins Oil Company Fuel For Fleet ,030 PSI Associates Nurse.LPN services ,000 Mid Ohio Asphalt Paving BOE ,033 Schaeffer Fleet Supplies ,223 SERS Retirement Benefits ,500 CMP Communications Public Relations ,109 Illuminating Company, The Utility ,514 STRS Retirement Benefits ,976 PSI Associates Aux. Serv. And Local Nurse Serv ,551 STRS Retirement Benefits ,713 STRS Retirement Benefits ,579 QuadStar TV's for Primary Sch ,001 STRS Retirement Benefits ,114 Brindza, McIntyre and Seed Legal Services ,836 Payroll Transfer Payroll Notations ,595 Riverside Publishing Co. Auxiliary Services ,957 G & G, Inc Auxiliary Services ,625 G & G, Inc Auxiliary Services ,000 Independence Boe Athletic/Food Service Transfer ,724 G & G, Inc Auxiliary Services ,733 Orange City Schools Health Benefits ,000 Atlas Automotive Transmission Bus Repair ,913 Payroll Transfer Payroll ,000 Muskingum Valley ESC American Sign Language ,966 Payroll Transfer Payroll ,168 ESC Guidance Sub. M/S 11

12 Monthly Cafeteria Report Fiscal Year 2015 FY FY 2015 July August September October November December January February March April May June Total Receipts High Sch. 5,259 5,887 7,357 5,380 4,207 5,407 5,053 7,318 4,995 5, ,259 Middle Sch. 5,094 6,379 7,627 5,849 3,506 6,545 5,167 7,324 4,602 4, ,274 Primary Sch ,083 6,554 8,648 6,975 4,701 6,795 5,988 8,276 5,907 4, ,473 Other ,677 5,993 4,882 3,858 4,642 4,426 5, ,075 46,869 Total Receipts ,437 18,904 31,310 24,198 17,296 22,606 20,850 27,345 21,439 15,541 10, ,875 Expenditures 3 pay month 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 8,671 12,115 92,763 Middle Sch. 3,066 3,034 4,545 15,003 8,626 7,400 7,587 8,014 7,522 8,430 9,477 6,756 89,460 Primary Sch. 3,368 3,368 4,206 13,091 8,621 6,805 6,864 7,541 7,128 7,338 8,364 7,031 83,725 Other 4, , ,315 1,007 4, ,075 19,860 Total Expenditures 14,446 10,866 18,530 42,235 26,953 22,013 22,049 28,065 21,913 24,248 28,588 25, ,808 Fiscal Year 2015 Balance to Date: 785 (58,149) FY FY 2014 July August September October November December January February March April May June Total Receipts High Sch. 4,445 5,920 8,021 5,504 3,643 5,374 5,289 5,511 5,806 6, ,503 Middle Sch. 5,448 7,125 8,680 6,942 4,850 5,747 5,942 6,179 6,999 6, ,831 Primary Sch. 6,978 6,867 7,879 7,282 5,458 7,265 6,852 6,584 6,720 4,828 1,418 68,129 Other 7,938 6,675 5,537 4,269 4,190 5,411 4,792 6,203 6,895 51,911 Total Receipts 16,870 19,912 32,519 26,403 19,487 22,655 22,273 23,685 24,317 23,843 9, ,375 Expenditures 3 pay month 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 11,140 8, ,991 Middle Sch. 3,138 3,138 5,159 13,274 6,750 12,953 6,737 4,349 12,709 9,229 10,872 7,663 95,972 Primary Sch. 3,221 3,221 3,941 10,068 6,045 11,168 6,180 4,433 12,396 7,147 9,339 7,844 85,005 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 25,762 31,351 23, ,478 Fiscal Year 2014 Balance to Date: 887 (54,216) Revenue over/under previous Yr. 337 (433) (1,008) (1,209) (2,205) (2,191) (49) (1,423) 3,659 (2,878) (8,302) 1,203 (14,500) Expenditures Over/Under Prev. Yr. 2,010 (988) (1,224) 1,535 4,982 (14,396) 2,890 13,483 (16,675) (1,514) (2,764) 1,991 (10,670) 12

13 Cafeteria Meals Served Comparison FY FY 2015 August September October November December January February March April May June Total Meals Served/# Serving Days High Sch. 2,415 1,988 1,394 1,048 1,526 1,309 1,928 1,404 1, ,554 Middle Sch. 2,085 1,794 1,231 1,042 1,306 1,147 1,587 1,093 1, ,763 Primary Sch. 3,320 2,901 2,132 1,999 2,177 1,986 2,846 2,171 2, ,290 Total Meals Served 7,820 6,683 4,757 4,089 5,009 4,442 6,361 4,668 5, ,607 FY FY 2014 August September October November December January February March April May June Total Meals Served/# Serving Days High Sch. 2,171 1,883 1, ,009 1,198 1,061 1,433 1,584 12,506 Middle Sch. 2,938 2,465 1,970 1,435 1,366 1,687 1,512 1,866 2,173 17,412 Primary Sch. 3,181 2,990 2,495 2,128 1,980 2,403 2,239 2,765 3,017 23,198 Total Meals Served 8,290 7,338 5,778 4,417 4,355 5,288 4,812 6,064 6,774 53,116 Cafeteria Summary of Expenditures Over/Under Previous Yr: (3,509) Expenditure Categories: FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 Salaries $ 134,707 $ 142,212 $ 131,725 $ 128,471 $ 129,648 Benefits 34,515 36,346 35,804 35,686 41,761 Purchase Services 11,956 4,236 4,917 1,460 1,009 Supplies 104, , , , ,508 $ 285,809 $ 296,477 $ 287,621 $ 297,402 $ 309,925 Substitute Cost: 4,700 11,133 4,031 4,800 7,782 13

INDEPENDENCE LOCAL SCHOOLS Board Meeting

Exhibit #2 INDEPENDENCE LOCAL SCHOOLS Board Meeting 5-19-2015 April 2015 Financial Reports 1 Independence Local Schools Fiscal Year 2015 Revenue Collection by Fund Exhibit #2 FY 15 % of Projected % of