THE SCHOOL BOARD OF BREVARD COUNTY, FLORIDA FINANCIAL STATEMENTS FOR THE PERIOD ENDING FEBRUARY 28, 2017

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1 FINANCIAL STATEMENTS FOR THE PERIOD ENDING FEBRUARY 28, 2017

2 TABLE OF CONTENTS PAGE ALL GOVERNMENTAL FUND TYPES Combined Balance Sheet 1-2 ALL PROPRIETARY FUND TYPES Combined Balance Sheet 3-4 GENERAL OPERATING FUND Statement of Revenues, Expenditures and Changes in Fund Balance 5-12 Statement of Expenditures by Function and Changes in Fund Balance SPECIAL REVENUE-OTHER FUND Statement of Revenues, Expenditures and Changes in Fund Balances Statement of Expenditures by Function and Changes in Fund Balances SPECIAL REVENUE-FOOD SERVICES Statement of Revenues, Expenditures and Changes in Fund Balance DEBT SERVICE FUND Statement of Revenues, Expenditures and Changes in Fund Balances 27 CAPITAL PROJECTS FUND Statement of Revenues, Expenditures and Changes in Fund Balances Statement of Expenditures by Project and Changes in Fund Balances CASUALTY INSURANCE TRUST FUND Statement of Revenues, Expenditures and Changes in Fund Balances MEDICAL INSURANCE TRUST FUND Statement of Revenues, Expenditures and Changes in Fund Balances BEFORE / AFTER CHILD CARE Statement of Revenues, Expenditures and Changes in Fund Balance APPENDIX A Budget Variances 39-42

3 COMBINED BALANCE SHEET ALL GOVERNMENTAL TYPES GOVERNMENTAL FUND TYPES SPECIAL DEBT CAPITAL GENERAL REVENUE SERVICE PROJECTS TOTAL ASSETS: Cash and cash equivalents... $ 37,114,405 $ 8,109,386 $ 0 $ 24,643,166 $ 69,866,957 Cash and investments with trustee ,962,886 12,392,103 16,354,989 Investments ,467, ,301, ,768,542 Total cash and investments... $ 144,581,541 $ 8,109,386 $ 3,962,886 $ 127,336,675 $ 283,990,488 Accounts and interest receivable... $ 141,668 $ 32 $ 0 $ 61,880 $ 203,580 Due from other agencies ,771, ,343,911 5,115,124 Inventory ,871 1,670, ,373,589 TOTAL ASSETS $ 145,426,080 $ 12,551,349 $ 3,962,886 $ 129,742,466 $ 291,682,781 Page 1

4 COMBINED BALANCE SHEET ALL GOVERNMENTAL TYPES GOVERNMENTAL FUND TYPES SPECIAL DEBT CAPITAL GENERAL REVENUE SERVICE PROJECTS TOTAL LIABILITIES: Accounts and contracts payable and accrued expenditures/expenses... $ 3,108,947 $ 895,239 $ 0 $ 80,539 $ 4,084,725 Accrued payroll taxes and employee benefits... 7,795, ,795,007 Due to other agencies... 4, ,051 Unearned revenue , , ,113,085 TOTAL LIABILITIES $ 11,617,450 $ 1,299,849 $ 0 $ 80,569 $ 12,997,868 DEFERRED INFLOWS $ 0 $ 0 $ 0 $ 17,949 $ 17,949 FUND EQUITY: Nonspendable... $ 702,871 $ 1,670,718 $ 0 $ 0 $ 2,373,589 Restricted... 4,732,721 9,580,782 3,962, ,329, ,605,551 Assigned 104,511, ,314, ,826,692 Unassigned: School Board Contingency 19,880, ,880,369 Other... 3,980, ,980,763 TOTAL FUND EQUITY $ 133,808,630 $ 11,251,500 $ 3,962,886 $ 129,643,948 $ 278,666,964 TOTAL LIABILITIES, DEFERRED INFLOWS, AND FUND EQUITY $ 145,426,080 $ 12,551,349 $ 3,962,886 $ 129,742,466 $ 291,682,781 Page 2

5 COMBINED BALANCE SHEET/NET POSITION ALL PROPRIETARY TYPES PROPRIETARY FUND TYPES INTERNAL / ENTERPRISE SERVICES CASUALTY MEDICAL SCHOOL AGE INSURANCE INSURANCE CHILD CARE TOTAL ASSETS: Cash and cash equivalents... $ 0 $ 9,274,567 $ 2,891,466 $ 12,166,033 Investments... 12,888,857 12,537, ,426,342 Total cash and investments... $ 12,888,857 $ 21,812,052 $ 2,891,466 $ 37,592,375 Accounts and interest receivable... 43,445 36, ,809 Fixed assets ,824 68,824 TOTAL ASSETS $ 12,932,302 $ 21,848,416 $ 2,960,290 $ 37,741,008 DEFERRED OUTFLOWS - PENSION $ 0 $ 0 $ 550,696 $ 550,696 TOTAL ASSETS AND DEFERRED OUTFLOWS $ 12,932,302 $ 21,848,416 $ 3,510,986 $ 38,291,704 Page 3

6 COMBINED BALANCE SHEET/NET POSITION ALL PROPRIETARY TYPES PROPRIETARY FUND TYPES INTERNAL / ENTERPRISE SERVICES CASUALTY MEDICAL SCHOOL AGE INSURANCE INSURANCE CHILD CARE TOTAL LIABILITIES: Accounts and contracts payable and accrued expenditures/expenses $ 2,329 $ 1,534 $ 9,322 $ 13,185 OPEB - Obligations , ,535 Estimated liability on insurance risks & pending claims 12,018,873 3,957, ,975,921 Liability for compensated absences , ,093 Pensions ,017,673 2,017,673 TOTAL LIABILITIES $ 12,021,202 $ 3,958,582 $ 2,640,623 $ 18,620,407 DEFERRED INFLOWS - PENSION $ 0 $ 0 $ 349,058 $ 349,058 TOTAL FUND BALANCE $ 911,100 $ 17,889,834 $ 521,305 $ 19,322,239 TOTAL LIABILITIES, DEFERRED INFLOWS, AND FUND BALANCE $ 12,932,302 $ 21,848,416 $ 3,510,986 $ 38,291,704 Page 4

7 STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET vs ACTUAL GENERAL OPERATING FUND FUNCTION DESCRIPTION ADOPTED BUDGET THROUGH VARIANCE CODE BUDGET 02/28/17 02/28/17 REVENUES: FEDERAL SOURCES 3121 Impact Aid $ 694,794 $ 694,794 $ 339,248 $ 355, Medicaid Reimbursement 1,889,592 1,889,592 77,178 1,812,414 TOTAL FEDERAL $ 2,584,386 $ 2,584,386 $ 416,426 $ 2,167,960 STATE SOURCES 3310 F.E.F.P. $ 251,377,699 $ 241,303,524 $ 164,116,753 $ 77,186, Work Force Development 3,809,489 3,809,489 2,539,664 1,269, C.O. & D.S. 40,481 40, , Racing Commission 223, , , , State License Tax 200, , ,539 27, Classroom Size Reduction 80,406,970 79,975,545 53,419,752 26,555, School Recognition 4,099,770 4,099,770 2,518,801 1,580, Voluntary PreK 2,450,000 2,450,000 1,093,720 1,356, Pre-Kindergarten 261, , , , Charter School Capital Outlay 824, , ,186 27, Other Misc State Revenue 0 241,816 2,426,338 (2,184,522) TOTAL STATE $ 343,693,544 $ 333,429,761 $ 227,351,917 $ 106,077,844 Page 5

8 STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET vs ACTUAL GENERAL OPERATING FUND FUNCTION DESCRIPTION ADOPTED BUDGET THROUGH VARIANCE CODE BUDGET 02/28/17 02/28/17 LOCAL SOURCES 341X Ad Valorem $ 186,313,559 $ 186,313,559 $ 168,219,479 $ 18,094, X Prior Period Adjusted Millage 206, , , Tuition ,944 (11,944) 3425 Rent 298, , ,820 (6,346) 343X Income / Investments 278, , ,772 (19,879) 346X Adult Student Fees 96,000 96,000 86,756 9, X Other Student Fees 12,000 12,000 14,601 (2,601) 3494 Federal - Indirect 2,256,040 2,256,040 1,050,266 1,205, Food Service - Indirect 710, , , x Additional Ad Valorem 1,406,635 1,406, ,406, x Miscellaneous Local 1,496,037 2,021,809 1,505, ,285 TOTAL LOCAL $ 193,074,582 $ 193,600,354 $ 171,492,162 $ 22,108,192 OTHER FINANCING SOURCES 363X Transfers from Capital Projects $ 4,665,687 $ 4,665,687 $ 0 $ 4,665, Transfers from Enterprise Fund 2,299,035 2,299, ,299, X Loss Recoverables ,117 (96,117) TOTAL OTHER $ 6,964,722 $ 6,964,722 $ 96,117 $ 6,868,605 TOTAL REVENUES $ 546,317,234 $ 536,579,223 $ 399,356,622 $ 137,222,601 Page 6

9 STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET vs ACTUAL GENERAL OPERATING FUND OBJECT DESCRIPTION ADOPTED BUDGET THROUGH VARIANCE CODE BUDGET 02/28/17 02/28/ Administrator - Base Pay $ 20,607,961 $ 20,658,637 $ 13,534,356 $ 7,124, Administrator - Extra Duty Pay 15,000 23, ,638 (343,036) 113 Administrator - Supplements 1,200 1,200 5,577 (4,377) 114 Administrator - Terminal Pay 930, , , , Administrator - Sick Leave BB ,907 (109,907) 121 Teacher - Base Pay 209,972, ,122, ,527,599 84,595, Teacher - Extra Duty Pay 2,556,617 2,125, ,734 1,717, Teacher - Supplements 4,453,486 4,662,638 1,848,096 2,814, Teacher - Terminal Pay 2,605,143 2,605,144 1,381,935 1,223, Teacher - Sick Leave BB 0 0 4,541 (4,541) 126 Teacher - Bonus 2,740,360 2,824, ,823 2,432, Teacher - Short Term Contract ,646 (468,646) 131 Other Certified - Base Pay 22,120,954 22,150,847 13,372,824 8,778, Other Certified - Extra Duty Pay 298, , , , Other Certified - Supplements 333, , ,456 99, Other Certified - Terminal Pay ,527 (252,527) 136 Other Certified - Bonus 257, , , Other Certified - Short Term Contract ,668 (13,668) 141 Substitute - Base Pay 2,914,258 3,461,099 2,202,262 1,258, Substitute - Non Instructional Base Pay 347, , ,510 34, Aide - Base Pay 10,707,828 10,933,881 6,785,033 4,148, Aide - Extra Duty Pay 0 2, ,771 (155,771) 154 Aide - Terminal Pay ,289 (29,289) 155 Aide - Sick Leave BB ,598 (24,598) 158 Aide - Short Term Pay ,303 (60,303) 161 Other Support - Base Pay 43,462,830 43,545,467 27,902,887 15,642, Other Support - Extra Duty Pay 676, , ,006 (157,062) 164 Other Support - Terminal Pay 1,204,011 1,204, , , Other Support - Sick Leave BB ,562 (131,562) Page 7

10 STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET vs ACTUAL GENERAL OPERATING FUND OBJECT DESCRIPTION ADOPTED BUDGET THROUGH VARIANCE CODE BUDGET 02/28/17 02/28/ Other Support - Bonus 756, ,150 49, , Other Support - Short Term Pay 83,282 95, ,777 (15,112) 171 Board & Attorney - Base Pay 196, , ,053 65, EAP - Base Pay 13,186,327 13,141,185 8,623,132 4,518, EAP - Extra Duty Pay ,830 (44,830) 183 EAP - Supplements ,638 (22,638) 184 EAP - Terminal Pay 273, ,003 95, , EAP - Sick Leave BB ,953 (48,953) 186 EAP - Bonus 0 (610) 0 (610) 1XX SALARIES TOTAL $ 340,702,137 $ 333,128,153 $ 197,784,484 $ 135,343, Retirement $ 27,022,121 $ 26,217,873 $ 15,913,859 $ 10,304, FICA 24,932,744 24,123,262 13,771,822 10,351, Life Insurance 240, , ,376 48, Hospitalization 41,682,052 41,530,767 25,258,206 16,272, Work. Comp. - General 1,650,881 1,601, , , Work. Comp. - Bus Driver 394, , , , Work. Comp. - Maintenance 812, , , , Work. Comp. - Food Service 1,394 1,394 3,548 (2,154) 250 Unemployment 275, ,000 70, ,489 2XX FRINGE TOTAL $ 97,011,348 $ 95,192,692 $ 57,018,793 $ 38,173, Legal Services $ 282,903 $ 390,727 $ 258,240 $ 132, Professional / Technical 14,666,785 16,296,379 5,676,948 10,619, Charter Schools 36,709,791 36,709,791 27,461,978 9,247, Medical Tests 57,025 98,322 64,170 34, Reimburse Tuition and Books 100, ,000 67,535 32, Transportation Insurance 266, , , Property Insurance 4,752,053 4,787, ,468 4,545, Liability Insurance 816, ,810 10, , Fidelity Bond Insurance 10,355 10,364 10, Fleet Insurance 51,483 51, ,483 Page 8

11 STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET vs ACTUAL GENERAL OPERATING FUND OBJECT DESCRIPTION ADOPTED BUDGET THROUGH VARIANCE CODE BUDGET 02/28/17 02/28/ Drivers ED Insurance 8,959 8, , Travel - In County 185, ,268 73, , Travel - Out of County 283, , , , Travel - Out of State 45, ,414 47,365 60, Repair-Instructional 14,379 45,490 17,597 27, Repair-Non-Instructional 79, ,451 73,497 56, Mainframe Maintenance 186, ,827 67, , Specialized Services 1,483,549 1,791, ,772 1,322, Repair - General Maintenance 0 7,750 3,006 4, Maint & Warranty Agreements 271, ,680 85, , Rentals 396, , , , Software Rental 176, ,451 18, , Hardware Lease 97, ,107 24,563 77, Maintenance Fees - Software 109, ,400 30,456 99, Subscription Fees - Software 1,662,099 2,729,328 1,907, , Telephone Base 286, , , , Telephone Long Distance 48,760 66,182 23,689 42, Postage 175, ,067 83, , Telephone Equipment 123, ,137 49,937 73, Telephone Maintenance 143, , ,965 31, PDA Data Usage 9,250 18,034 9,199 8, PDA Voice/Cell 83,417 90,310 91,269 (959) 378 Data Communications Services 997, , , , Water 1,042,686 1,042, , , Refuse 735, , , , Recycling 211, ,842 91, , Sewer 1,179,309 1,179, , , Landfill 267, , ,250 19, Reclaimed Water ,526 (12,026) 391 Printing 1,530,823 1,928,161 1,203, ,395 Page 9

12 STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET vs ACTUAL GENERAL OPERATING FUND OBJECT DESCRIPTION ADOPTED BUDGET THROUGH VARIANCE CODE BUDGET 02/28/17 02/28/ Dry Cleaning Uniform Service 28,500 34,992 23,048 11, Pest Control Isolated Transportation 9,900 25,000 16,527 8, Printing Charge-Back (600,000) (600,000) (275,211) (324,789) 3XX PURCHASED SERVICES TOTAL $ 68,987,333 $ 73,355,626 $ 41,141,583 $ 32,214, Natural Gas $ 104,555 $ 104,767 $ 50,564 $ 54, Bottled Gas 148, ,865 43, , Electricity 11,585,823 11,635,100 6,409,997 5,225, Fuel Oil 13,669 13,669 9,132 4, Gasoline 846, , , , Diesel 2,681,748 2,220, ,483 1,268, Energy Conservation at Schools 0 725,249 7, ,704 4XX ENERGY SERVICES TOTAL $ 15,380,674 $ 15,650,289 $ 7,761,745 $ 7,888, Supplies $ 7,571,997 $ 10,352,525 $ 3,792,096 $ 6,560, Financial Processing Support 17,820 14,968 3,946 11, Instructional Proc. Support 20,898 20, , Non-State Adopted Textbooks 3,198,672 3,764, ,533 2,982, State Adopted Textbooks 2,556,288 3,689, ,859 3,334, Non-State Adopted Textbooks E-Books 0 236, ,106 33, Textbooks - State E-Books 0 556, ,727 61, Periodicals 13,870 18,029 6,212 11, Grease / Oil 46,360 52,010 21,536 30, Repair Parts 781, , , , Tires / Tubes 198, , ,092 95, Uniforms 168,783 73,782 29,198 44,584 5XX SUPPLIES/MATERIALS TOTAL $ 14,575,465 $ 19,796,068 $ 6,324,082 $ 13,471,986 Page 10

13 STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET vs ACTUAL GENERAL OPERATING FUND OBJECT DESCRIPTION ADOPTED BUDGET THROUGH VARIANCE CODE BUDGET 02/28/17 02/28/ Library Books-Replacement $ 364,760 $ 342,956 $ 136,145 $ 206, A / V Materials over $1,000 18,120 17, , A / V Materials under $1,000 6,100 21,286 7,219 14, Furniture, Fixtures & Equipment over $1, , , , , Furniture, Fixtures & Equipment under $1, , , , , Computer Hardware over $1,000 98, , , , Computer Hardware under $1,000 2,286,201 3,182, ,515 2,552, Other Vehicles 226, ,841 44, , Site Improvement - Contracted 5, , ,424 30, Site Improvement - In House 0 2, , Site Improvement - Direct PO's 0 1,392 1, Remodel-Contracted 60, ,377 15, , Remodel-In-House 32,192 17,465 2,902 14, Remodel-Professional Fees 0 39,114 2,574 36, Remodel-Admin 0 1,373 18,596 (17,223) 687 District PO'S - Remodel/Renovate 0 52,622 52, Computer Software over $1, , ,154 25, , Computer Software under $1,000 25,876 68,464 23,208 45, License Fees - Software over $1, , ,207 65,540 98, License Fees - Software under $1,000 31,752 50,375 12,916 37,459 6XX CAPITAL OUTLAY TOTAL $ 4,085,693 $ 7,215,696 $ 2,372,405 $ 4,843, Dues / Fees $ 2,206,850 $ 3,661,506 $ 959,748 $ 2,701, Fingerprint Fees Paid 172, , , , Fiscal Bank Charges 54,000 70,556 19,618 50, Judgments / Settlements 5,000 5, , Uninsured Property Loss 100,000 94, , Field Trips 91, , ,276 (9,911) 795 Miscellaneous Expense XX OTHER EXPENDITURES TOTAL $ 2,630,636 $ 4,336,214 $ 1,380,785 $ 2,955,429 Page 11

14 STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET vs ACTUAL GENERAL OPERATING FUND OBJECT DESCRIPTION ADOPTED BUDGET THROUGH VARIANCE CODE BUDGET 02/28/17 02/28/17 TOTAL EXPENDITURES $ 543,373,286 $ 548,674,738 $ 313,783,877 $ 234,890,861 Transfer from General Fund to Capital Projects $ 2,013,185 $ 2,013,185 $ 0 TOTAL AFTER TRANSFERS $ 545,386,471 $ 550,687,923 $ 313,783,877 EXCESS (DEFICIENCY) OF REVENUES / EXPENDITURES AND TRANSFERS $ 930,763 $ (14,108,700) $ 85,572,745 Non-Spendable $ 834,571 $ 834,571 $ 834,571 Restricted 3,682,097 3,682,097 3,682,097 Assigned 3,078,912 3,078,912 3,078,912 Unassigned: School Board Contingency 19,880,369 19,880,369 19,880,369 Other 20,759,936 20,759,936 20,759,936 BEGINNING FUND BALANCE $ 48,235,885 $ 48,235,885 $ 48,235,885 Non-Spendable $ 834,570 $ 834,571 $ 702,871 Restricted 3,753,147 5,136,457 4,732,721 Assigned 3,138,323 4,295, ,511,906 Unassigned: School Board Contingency 19,880,369 19,880,369 19,880,369 Other 21,560,239 3,980,763 3,980,763 ENDING FUND BALANCE $ 49,166,648 $ 34,127,185 $ 133,808,630 Page 12

15 STATEMENT OF EXPENDITURES BY FUNCTION AND CHANGES IN FUND BALANCE BUDGET vs ACTUAL GENERAL OPERATING FUND FUNCTION DESCRIPTION ADOPTED BUDGET THROUGH VARIANCE CODE BUDGET 02/28/17 02/28/17 EXPENDITURES: 5100 Basic K-12 $ 271,466,215 $ 266,412,987 $ 157,846,780 $ 108,566, Exceptional Education 79,737,104 79,926,326 38,035,236 41,891, Vocational Education 8,261,843 10,781,604 4,986,083 5,795, Adult Education 1,654,664 1,793, ,684 1,060, Other Instructional 2,170,351 2,342,789 1,337,274 1,005, Non-F.E.F.P. Instructional 255,823 1,228, , ,682 INSTRUCTIONAL TOTAL $ 363,546,000 $ 362,485,759 $ 203,336,752 $ 159,149, Attendance / Social Work $ 1,488,096 $ 1,530,590 $ 931,306 $ 599, Guidance 13,423,362 13,498,134 8,185,657 5,312, Health 2,612,497 2,622,898 1,414,059 1,208, Psychological Services 1,027,765 1,054, , , Parental Involvement 121, ,093 79,710 39, Instructional Media 7,184,682 7,259,256 4,287,291 2,971, Instructional Curr. Development 12,872,561 13,441,829 8,461,758 4,980, Instructional Staff Training 1,537,824 2,951,744 1,369,285 1,582, Instructional Related Technology 8,659,681 8,871,189 5,622,193 3,248,996 INSTRUCTIONAL SUPPORT TOTAL $ 48,927,867 $ 51,349,425 $ 31,062,905 $ 20,286,520 Page 13

16 STATEMENT OF EXPENDITURES BY FUNCTION AND CHANGES IN FUND BALANCE BUDGET vs ACTUAL GENERAL OPERATING FUND FUNCTION DESCRIPTION ADOPTED BUDGET THROUGH VARIANCE CODE BUDGET 02/28/17 02/28/ Board of Education $ 1,130,536 $ 1,230,735 $ 738,634 $ 492, General Administration 1,166,460 1,199, , , School Administration 37,306,723 37,704,354 24,625,175 13,079, Facilities, Acquisition, Const. 831,023 1,174, , , Fiscal Services 2,602,503 2,731,283 1,773, , Food Services 172, , ,608 33, Research Development 469, , , , Information Services 908,543 1,279, , , Staff Services 2,303,759 2,711,546 1,661,826 1,049, Admin, Classified In-service 420, , , , Warehouse / purchasing 2,023,749 1,956,755 1,339, , Other Central Services 0 94, , Transportation 18,924,829 18,379,234 11,147,622 7,231, Operation of Plant 45,623,484 46,819,485 25,028,247 21,791, Environmental Services 538, , , , Maintenance 10,424,890 10,966,619 6,315,393 4,651, Transportation Maintenance 1,695,476 1,654, ,846 1,234, Technology Repair 91, ,309 63,394 62, Administrative Technical Services 3,994,755 4,348,495 2,713,636 1,634, Community Services 193, , , , Overhead 75,000 75, ,000 GENERAL SUPPORT TOTAL $ 130,899,419 $ 134,839,554 $ 79,384,220 $ 55,455,334 TOTAL EXPENDITURES $ 543,373,286 $ 548,674,738 $ 313,783,877 $ 234,890,861 Page 14

17 STATEMENT OF EXPENDITURES BY FUNCTION AND CHANGES IN FUND BALANCE BUDGET vs ACTUAL GENERAL OPERATING FUND FUNCTION DESCRIPTION ADOPTED BUDGET THROUGH VARIANCE CODE BUDGET 02/28/17 02/28/17 Transfer from General Fund to Capital Projects $ 2,013,185 $ 2,013,185 $ 0 $ 2,013,185 TOTAL AFTER TRANSFERS $ 545,386,471 $ 550,687,923 $ 313,783,877 EXCESS (DEFICIENCY) OF REVENUES / EXPENDITURES AND TRANSFERS $ 930,763 $ (14,108,700) $ 85,572,745 Non-Spendable $ 834,571 $ 834,571 $ 834,571 Restricted 3,682,097 3,682,097 3,682,097 Assigned 3,078,912 3,078,912 3,078,912 Unassigned: School Board Contingency 19,880,369 19,880,369 19,880,369 Other 20,759,936 20,759,936 20,759,936 BEGINNING FUND BALANCE $ 48,235,885 $ 48,235,885 $ 48,235,885 Non-Spendable $ 834,570 $ 834,571 $ 702,871 Restricted 3,753,147 5,136,457 4,732,721 Assigned 3,138,323 4,295, ,511,906 Unassigned: School Board Contingency 19,880,369 19,880,369 19,880,369 Other 21,560,239 3,980,763 3,980,763 ENDING FUND BALANCE $ 49,166,648 $ 34,127,185 $ 133,808,630 Page 15

18 STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET vs ACTUAL SPECIAL REVENUE-OTHER FUND ACTUAL FUNCTION DESCRIPTION ADOPTED AMENDED THROUGH VARIANCE CODE BUDGET BUDGET 02/28/17 REVENUES: FEDERAL DIRECT SOURCES 3130 Head Start Grant $ 4,841,796 $ 0 $ 2,792,119 $ 2,049, ROTC 990, , , Magnet Grant 2,642, ,267,914 1,374, Other Federal Direct 1,446, ,162 1,111,718 TOTAL FEDERAL DIRECT $ 9,922,254 $ 0 $ 5,169,767 $ 4,752,487 FEDERAL THROUGH STATE SOURCES 3201 Vocational Education $ 668,984 $ 0 $ 391,032 $ 277, Adult Ed 542, , , Title II 2,980, ,126,620 1,854, Education for the Handicapped 23,349, ,010,724 12,338, Title 1 19,103, ,363,840 9,739, Title III ESOL 444, , , st Century 1,681, ,128, , Charter Schools 100, ,677 5, Other Miscellaneous 117, ,579 81,941 TOTAL FEDERAL THROUGH STATE $ 48,988,790 $ 0 $ 23,649,450 $ 25,339,340 STATE AND OTHER SOURCES 3335 Diagnostic & Resource $ 33,268 $ 0 $ 26,599 $ 6, Other State 10, ,354 8, Gifts, Grants & Bequests ,780 (10,780) TOTAL STATE AND OTHER SOURCES $ 43,520 $ 0 $ 38,733 $ 4,787 TOTAL REVENUES $ 58,954,564 $ 0 $ 28,857,950 $ 30,096,614 Page 16

19 STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET vs ACTUAL SPECIAL REVENUE-OTHER FUND ACTUAL OBJECT DESCRIPTION ADOPTED AMENDED THROUGH VARIANCE CODE BUDGET BUDGET 02/28/ Administrator - Base Pay $ 452,258 $ 0 $ 303,030 $ 149, Administrator - Extra Duty Pay (212) 121 Teacher - Base Pay 9,112, ,896,996 4,215, Teacher - Extra Duty Pay 532, , , Teacher - Supplements 0 0 2,585 (2,585) 131 Other Certified - Base Pay 9,533, ,889,976 4,643, Other Certified - Extra Duty Pay 738, , , Other Certified - Supplements 341, , , Substitute - Base Pay 629, , , Aide - Base Pay 5,685, ,421,032 2,264, Aide - Extra Duty Pay 14, ,589 4, Aide - Short Term Pay ,834 (11,834) 161 Other Support - Base Pay 1,549, , , Other Support - Extra Duty Pay ,933 (20,933) 168 Other Support - Short Term Pay 0 0 7,139 (7,139) 181 EAP - Base Pay 3,020, ,056, ,673 1XX SALARIES TOTAL $ 31,611,197 $ 0 $ 17,485,586 $ 14,125, Retirement $ 2,075,108 $ 0 $ 1,317,738 $ 757, FICA 2,330, ,215,096 $ 1,115, Life Insurance 152, ,931 $ 136, Hospitalization 5,508, ,434,638 $ 3,074, Worker's Comp - General 319, ,054 $ 223, Worker's Comp - All Others $ (555) 2XX FRINGE TOTAL $ 10,386,768 $ 0 $ 5,080,124 $ 5,306,644 Page 17

20 STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET vs ACTUAL SPECIAL REVENUE-OTHER FUND ACTUAL OBJECT DESCRIPTION ADOPTED AMENDED THROUGH VARIANCE CODE BUDGET BUDGET 02/28/ Professional/Technical $ 4,576,058 $ 0 $ 1,273,251 $ 3,302, Tuition Reimbursement 23, , Insurance - Comprehensive Business 1, , Insurance - Liability 2, , Travel - In-County 178, ,444 75, Travel - Out-County 494, , , Out of State Travel 157, ,810 81, Repair-Instructional Equipment 8, ,742 4, Repair-Other Equipment 1, , Maint & Warranty Agreements 93, , Rentals 39, ,733 6, Computer Hardware Lease Maintenance Fees - Software 1, ,682 (14,108) 365 Subscription Fees - Software 652, ,844 28, Telephone Base 2, ,116 1, Telephone Long Distance Postage 24, ,635 15, Telephone Maintenance PDA Data 4, , PDA Voice/Cell 15, ,484 11, Data Communications Services 6, ,663 2, Water 1, Refuse ,171 (186) 386 Recycle Sewer 1, Landfill Printing 107, ,334 64, Contracted Food Servics Isolated Transportation 75, ,659 3XX PURCHASED SERVICES TOTAL $ 6,470,932 $ 0 $ 2,476,249 $ 3,994,683 Page 18

21 STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET vs ACTUAL SPECIAL REVENUE-OTHER FUND ACTUAL OBJECT DESCRIPTION ADOPTED AMENDED THROUGH VARIANCE CODE BUDGET BUDGET 02/28/ Natural Gas $ 65 $ 0 $ 18 $ Electricity 4, ,777 2, Gasoline 6, , Diesel 281, ,620 4XX FUEL TOTAL $ 292,470 $ 0 $ 2,795 $ 289, Supplies $ 3,314,446 $ 0 $ 846,889 $ 2,467, Non-State Adopted Textbooks 2, ,739 (12,803) 522 State Adopted Textbooks 12, ,866 (9,226) 530 Periodicals Oil & Grease Repair Parts 4, , Tires & Tubes XX SUPPLIES/MATERIALS TOTAL $ 3,335,775 $ 0 $ 884,494 $ 2,451, Library Books-New $ 100 $ 0 $ 0 $ Library Books-Replacement 2, , A/V Materials over $1,000 2, ,602 1, A/V Materials under $1,000 34, , Furn/Fixt/Equip over $1, , ,229 88, Furn/Fixt/Equip under $1,000 1,330, , , Computer Hardware over $1, , , , Computer Hardware under $1,000 1,373, , , Site Improvement - Contracted 7, ,473 6, Site Improvement - In House 4, , Remodeling/Renovation - Contracted 165, ,644 17,106 Page 19

22 STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET vs ACTUAL SPECIAL REVENUE-OTHER FUND ACTUAL OBJECT DESCRIPTION ADOPTED AMENDED THROUGH VARIANCE CODE BUDGET BUDGET 02/28/ Remodeling/Renovation - Prof Fees 5, , Remodeling/Renovation - Admin 13, ,845 10, Diret PO's - Remodel/Renovate 61, ,841 3, Computer Software over $1,000 47, , Computer Software under $1,000 73, ,285 70, License Fee - Software over 1 K 113, , , License Fee - Software under 1K 176, , ,624 6XX CAPITAL OUTLAY TOTAL $ 4,014,156 $ 0 $ 1,584,682 2,429, Dues/Fees $ 312,012 $ 0 $ 233,261 $ 78, Fingerprinting 2, ,180 (80) 753 Non Employee Stipends 69, ,800 67, Non Employee Substitutes 63, ,757 38, Field Trips 140, , , Federal Indirect Cost 2,256, ,050,266 1,205,774 7XX OTHER EXPENDITURES TOTAL $ 2,843,266 $ 0 $ 1,344,020 $ 1,499,246 TOTAL EXPENDITURES $ 58,954,564 $ 0 $ 28,857,950 $ 30,096,614 EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES $ 0 $ 0 $ 0 BEGINNING FUND BALANCE $ 0 $ 0 $ 0 ENDING FUND BALANCE $ 0 $ 0 $ 0 Page 20

23 STATEMENT OF EXPENDITURES BY FUNCTION AND CHANGES IN FUND BALANCE BUDGET vs ACTUAL SPECIAL REVENUE-OTHER FUND ACTUAL FUNCTION DESCRIPTION ADOPTED AMENDED THROUGH VARIANCE CODE BUDGET BUDGET 02/28/17 EXPENDITURES: 5100 Basic K-12 $ 12,793,707 $ 0 $ 6,549,299 $ 6,244, Exceptional Education 9,122, ,756,240 5,366, Vocational Education 367, ,257 51, Adult Education 269, , , Pre-K 4,202, ,239,031 1,963, Non- FEFP 1,608, ,726 1,038,838 INSTRUCTIONAL TOTAL $ 28,363,883 $ 0 $ 13,578,180 $ 14,785, Attendance / Social Work $ 1,875,886 $ 0 $ 609,881 $ 1,266, Guidance 265, ,557 (103,566) 6130 Health 1,768, ,058 1,220, Psychological Services 1,938, ,258, , Parent Involvement 1,225, , , Instructional Media ,651 (99,651) 6300 Instructional Curriculum 13,382, ,712,682 6,669, Instructional Staff Training 4,608, ,121,897 2,486, Instructional Related Technology 1,132, , ,101 INSTRUCTIONAL SUPPORT TOTAL $ 26,198,439 $ 0 $ 12,986,241 $ 13,212, Board of Eductation $ 151 $ 0 $ 676 $ (525) 7200 General Administration 2,260, ,052,538 1,207, School Administration 185, ,658 52, Facilities 252, ,377 37, Fiscal Services 38, ,414 12, Food Services 28, , Page 21

24 STATEMENT OF EXPENDITURES BY FUNCTION AND CHANGES IN FUND BALANCE BUDGET vs ACTUAL SPECIAL REVENUE-OTHER FUND ACTUAL FUNCTION DESCRIPTION ADOPTED AMENDED THROUGH VARIANCE CODE BUDGET BUDGET 02/28/ Planning, Research, Develop 22, , Central Services ,799 (6,622) 7800 Transportation 481, , , Utility / Custodial 112, ,114 75, Environmental Services ,180 (19,180) 8110 Transportation Maintenance 11, , Administrative Tech Services ,441 (42,441) 9100 Community Services 998, , ,756 GENERAL SUPPORT TOTAL $ 4,392,242 $ 0 $ 2,293,529 $ 2,098,713 TOTAL EXPENDITURES $ 58,954,564 $ 0 $ 28,857,950 $ 30,096,614 EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES $ 0 $ 0 $ 0 BEGINNING FUND BALANCE $ 0 $ 0 $ 0 ENDING FUND BALANCE $ 0 $ 0 $ 0 Page 22

25 STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET vs ACTUAL SPECIAL REVENUE-FOOD SERVICE ACCOUNT DESCRIPTION ADOPTED BUDGET THROUGH VARIANCE NUMBER BUDGET 12/31/16 02/28/17 REVENUES: FEDERAL THROUGH STATE SOURCES 3261 School Lunch Reimbursement $ 15,086,733 $ 15,086,733 $ 7,171,718 $ 7,915, School Breakfast Reimbursement 5,335,166 5,335,166 2,699,633 2,635, After School Snack Reimbursement 303, , , , Child Care Food Program 225, , ,727 96, USDA Donated Foods 2,110,586 2,110, ,110, Cash in Lieu of Donated Food 9,787 9,787 5,147 4, Summer Feeding Program 229, ,237 40, , Fresh Fruit & Vegetable Program 120, ,950 63,409 57,541 TOTAL FEDERAL $ 23,421,516 $ 23,421,516 $ 10,257,763 $ 13,163,753 STATE AND OTHER SOURCES 3337 School Breakfast Supplement $ 149,309 $ 149,309 $ 79,095 $ 70, State Supplement (Lunch & Breakfast) 178, ,006 92,791 85, Student Lunches 2,761,831 2,761,831 1,906, , Adult Breakfast / Lunch 403, , , , Student A La Carte 5,689,309 5,689,309 3,792,024 1,897, Other Food Sales 146, , ,918 (1,862) 3457 Food Service Child Care Miscellaneous Local Sources 250, ,421 16, ,841 TOTAL STATE AND OTHER SOURCES $ 9,578,906 $ 9,578,906 $ 6,286,070 $ 3,292,836 TOTAL REVENUES $ 33,000,422 $ 33,000,422 $ 16,543,833 $ 16,456,589 Page 23

26 STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET vs ACTUAL SPECIAL REVENUE-FOOD SERVICE ACCOUNT DESCRIPTION ADOPTED BUDGET THROUGH VARIANCE NUMBER BUDGET 12/31/16 02/28/17 EXPENDITURES: 111 Administrator - Base Pay $ 96,805 $ 93,985 $ 62,657 $ 31, Other Support - Base Pay 8,099,065 8,632,587 5,267,912 3,364, Other Support - Extra Duty Pay 258, ,981 (130,981) 168 Other Support Temporary 7, (820) 181 EAP - Base Pay 721, , , , EAP - Terminal Pay 1, XX SALARIES TOTAL $ 9,183,371 $ 9,689,037 $ 5,952,493 $ 3,736, Retirement $ 690,590 $ 736,389 $ 453,473 $ 282, FICA 702, , , , Life Insurance 7,622 4,415 3, Medical Insurance 1,400,490 1,553, , , Worker's Compensation I 6,564 7,594 4,114 3, Worker's Compensation II Worker's Compensation IV 353, , , ,475 2XX FRINGE TOTAL $ 3,162,123 $ 3,400,948 $ 1,935,859 $ 1,465, Professional & Technical $ 1,075,132 $ 1,109,049 $ 590,533 $ 518, Travel - In County 56,032 56,032 23,969 32, Travel - Out of County 6,998 6,998 3,354 3, Travel - Out of State 7,099 7,099 1,948 5, Repair Other Equipment 4,210 4, , Repair-General Maintenance 199, , , Maint. & Warranty Agreements 81,695 81,695 78,195 3, Rentals 1,421 1, ,421 Page 24

27 STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET vs ACTUAL SPECIAL REVENUE-FOOD SERVICE ACCOUNT DESCRIPTION ADOPTED BUDGET THROUGH VARIANCE NUMBER BUDGET 12/31/16 02/28/ Maintenance Fees - Software Subscription Fees - Software 8,480 8,480 6,980 1, Postage - Telegraph 6,658 6, , Phone Equipment Printing, Etc. 19,486 22,426 2,501 19,925 3XX PURCHASED SERVICES TOTAL $ 1,468,242 $ 1,639,365 $ 707,480 $ 931, Natural Gas $ 91,105 $ 91,105 $ 48,601 $ 42, Bottled Gas 125, ,815 50,796 75, Electricity 336, , , ,463 4XX ENERGY SERVICES TOTAL $ 553,634 $ 553,634 $ 290,648 $ 262, Supplies $ 1,234,320 $ 1,234,430 $ 714,179 $ 520, Instruct Processing Supplies 1,421 1, , Oil & Grease Repair Parts 6,988 6, , Tires & Tubes 1,410 1, , Food & Milk 12,422,600 12,422,600 8,363,832 4,058, Wares Replacement 33,527 34,595 13,932 20, Commodity Usage 1,960,586 1,960,586 15,069 1,945, Uniforms 72,382 78,654 62,653 16,001 5XX SUPPLIES / MATERIALS TOTAL $ 15,733,354 $ 15,740,804 $ 9,169,665 $ 6,571, Furniture, Fixtures & Equipment over $1,000 $ 1,198,192 $ 1,336,283 $ 268,346 $ 1,067, Furniture, Fixtures & Equipment under $1,000 42,633 86,294 67,221 19, Computer Hardware over $1,000 50,485 50,485 1,188 49, Computer Hardware under $1, , ,231 35, , Other Vehicles 136, , , Remodel / Renovate - Contracted 1,142,193 1,354, ,235 1,138,536 Page 25

28 STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET vs ACTUAL SPECIAL REVENUE-FOOD SERVICE ACCOUNT DESCRIPTION ADOPTED BUDGET THROUGH VARIANCE NUMBER BUDGET 12/31/16 02/28/ Computer Software over $1,000 57,214 57, , Computer Software under $1,000 3,688 3, , License Fees - Software over $1,000 1,833 1, , License Fees - Software under $1,000 2,108 2, ,108 6XX CAPITAL OUTLAY TOTAL $ 2,862,785 $ 3,258,113 $ 588,455 $ 2,669, Dues & Fees $ 27,356 $ 27,356 $ 23,688 $ 3, Bank Charges 216, , ,111 87, Miscellaneous Expense ,788 (1,376) 796 Uncoll Accounts (Bad Debt) 3,567 3, , Federal Indirect Cost 710, , ,312 7XX OTHER EXPENDITURES TOTAL $ 958,410 $ 967,751 $ 164,090 $ 803,661 TOTAL BEFORE OTHER FINANCING SOURCES/USES $ 33,921,919 $ 35,249,652 $ 18,808,690 $ 16,440,962 Transfer - Capital Projects $ 500,000 $ 500,000 $ 245,000 $ 255,000 TOTAL AFTER OTHER FINANCING SOURCES/USES $ 34,421,919 $ 35,749,652 $ 19,053,690 $ 16,695,962 EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES $ (1,421,497) $ (2,749,230) $ (2,509,857) Non-Spendable $ 1,685,787 $ 1,685,787 $ 1,685,787 Restricted 12,075,570 12,075,570 12,075,570 BEGINNING FUND BALANCE $ 13,761,357 $ 13,761,357 $ 13,761,357 Non-Spendable $ 1,547,321 $ 1,676,697 $ 1,670,718 Restricted 10,792,539 9,335,430 9,580,782 ENDING FUND BALANCE $ 12,339,860 $ 11,012,127 $ 11,251,500 Page 26

29 STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET vs ACTUAL DEBT SERVICE FUNDS ACTUAL ACCOUNT DESCRIPTION ADOPTED AMENDED THROUGH VARIANCE NUMBER BUDGET BUDGET 02/28/17 STATE SOURCES 3322 CO & DS Withheld for SBE Bonds $ 774,530 $ 0 $ 0 $ 774,530 TOTAL STATE $ 774,530 $ 0 $ 0 $ 774,530 LOCAL SOURCES 3430 Investment Revenue $ 139,000 $ 0 $ 32,970 $ 106,030 TOTAL LOCAL $ 139,000 $ 0 $ 32,970 $ 106,030 OTHER FINANCING SOURCES 3630 Transfer From Capital Tax Levy $ 36,367,258 $ 0 $ 10,082,270 $ 26,284,988 TOTAL OTHER $ 36,367,258 $ 0 $ 10,082,270 $ 26,284,988 TOTAL REVENUE AND OTHER FINANCING SOURCES $ 37,280,788 $ 0 $ 10,115,240 $ 27,165,548 EXPENDITURES: SBE Bonds 710 Redemption of Principal $ 619,000 $ 0 $ 0 $ 619, Interest 145, , Dues and Fees 10, ,000 COPS 710 Redemption of Principal 16,175, ,175, Interest 20,134, ,067,279 10,067, Dues and Fees 57, ,995 42,705 TOTAL EXPENDITURES $ 37,141,788 $ 0 $ 10,082,274 $ 27,059,514 EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES $ 139,000 $ 0 $ 32,966 $ 106,034 BEGINNING FUND BALANCE $ 3,929,920 $ 0 $ 3,929,920 ENDING FUND BALANCE $ 4,068,920 $ 0 $ 3,962,886 Page 27

30 STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET vs ACTUAL CAPITAL PROJECTS FUND ACCOUNT DESCRIPTION ADOPTED BUDGET THROUGH VARIANCE NUMBER BUDGET 02/28/17 02/28/17 STATE SOURCES 3321 CO & DS Distributed to District $ 1,898,941 $ 1,898,941 $ 0 $ 1,898, Interest - CO & DS 5,511 5, , PECO 2,616,664 2,616,664 2,616, X Other State 150, , ,000 TOTAL STATE $ 4,671,116 $ 4,671,116 $ 2,616,664 $ 2,054,452 LOCAL SOURCES 3413 School Capital Outlay Tax $ 51,658,103 $ 51,658,103 $ 46,585,975 $ 5,072, Additional School Capital Outlay Tax > 96% 408, , , Sales Surtax 43,269,088 43,269,088 22,653,598 20,615, X Interest on Investments 100, , ,549 (257,271) 3496 Impact Fees 7,500,000 7,500, ,500, X Miscellaneous Local Sources 90, , ,215 0 TOTAL LOCAL $ 103,026,151 $ 103,182,644 $ 69,843,337 $ 33,339,307 OTHER FINANCING SOURCES 3610 Transfer from Operating $ 2,013,185 $ 2,013,185 $ 0 $ 2,013, Transfers from Special Revenue - Food Services 500, , , ,000 TOTAL OTHER FINANCING SOURCES $ 2,513,185 $ 2,513,185 $ 245,000 $ 2,268,185 TOTAL REVENUES & OTHER FINANCING SOURCES $ 110,210,452 $ 110,366,945 $ 72,705,001 $ 37,661,944 Page 28

31 STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET vs ACTUAL CAPITAL PROJECTS FUND ACCOUNT DESCRIPTION ADOPTED BUDGET THROUGH VARIANCE NUMBER BUDGET 02/28/17 02/28/17 EXPENDITURES: 63X New Construction $ 9,828 $ 2,328 $ 0 $ 2, Furniture, Fixtures & Equipment over $1,000* 706, , , , Furniture, Fixtures & Equipment under $1,000* 52, , ,707 77, Computer Hardware over $1,000* 1,925,448 4,221, ,746 3,609, Computer Hardware under $1,000* 27,809 2,566, ,065 2,429,157 65X Motor Vehicles / Buses 6,111,093 6,111,093 2,084,186 4,026,907 67X Improvements Other Than Buildings * 1,142,585 3,664,883 1,595,474 2,069,409 68X Renovation / Remodeling * 95,605, ,015,703 19,488,071 81,527, Computer Software over $1,000 1,050,000 1,050, ,050, Computer Software under $1, ,944 18,944 (18,944) TOTAL BEFORE OTHER FINANCING SOURCES/USES $ 106,630,641 $ 119,773,655 $ 24,241,227 $ 95,532,428 Transfer - General Fund - Property Insurance $ 4,665,687 $ 4,665,687 $ 0 $ 4,665,687 Transfer - Debt Service 36,367,258 36,367,258 10,082,270 26,284,988 TOTAL AFTER OTHER FINANCING SOURCES/USES $ 147,663,586 $ 160,806,600 $ 34,323,497 $ 126,483,103 EXCESS (DEFICIENCY) OF REVENUES / EXPENDITURES $ (37,453,134) $ (50,439,655) $ 38,381,504 Restricted ** $ 87,709,430 $ 88,078,685 $ 88,078,685 Assigned 3,183,759 3,183,759 3,183,759 BEGINNING FUND BALANCE $ 90,893,189 $ 91,262,444 $ 91,262,444 Restricted $ 52,235,647 $ 39,618,381 $ 126,329,162 Assigned 1,204,408 1,204,408 3,314,786 ENDING FUND BALANCE $ 53,440,055 $ 40,822,789 $ 129,643,948 *64X/67X/68X Adopted Budget includes Sales Surtax Projects in the amount of $75,721,303; Amended Budget in the amount of $75,891,648 ** Restricted beginning balance was amended due to an adjustment for which occurred after the Adopted Budget was prepared and prior to the completion of the CAFR. Page 29

32 STATEMENT OF EXPENDITURES BY PROJECT CHANGES IN FUND BALANCE BUDGET vs ACTUAL CAPITAL PROJECTS FUND PROJECT DESCRIPTION ADOPTED BUDGET THROUGH VARIANCE NUMBER BUDGET 02/28/17 02/28/ Educational Technology - Infrastructure Equipment $ 1,677 $ 1,677 $ 0 $ 1, School Bus Replacement 6,111,093 6,111,093 2,084,186 4,026, Furniture & Equipment Replacement 604, , , , Preventitive Maintenance 0 500, , Maintenance Capital Supplies / Service 2,102,959 3,100,000 1,681,200 1,418, Direct Maintenance Capital Supplies/ Service 0 2,960 3,099 (139) 5917 District Refreshment - Technology 1,894,756 1,544,756 87,965 1,456, Sunrise Standard Classroom 127,686 2,727, ,655 2,484, Computerized Testing Labs Enterprise Resource Planning (ERP) 1,050,000 1,050, ,050, Growth Management 9,828 9,828 7,500 2, Energy Conservation - Facilities 328, , ,969 60, School Initiated Projects 7, ,243 94,182 14, Code Compliance 34,061 34, , Program Related Facility Needs 368,688 2,402, ,474 2,229, South Courtenay Parkway Right of Way 85,497 86,069 83,719 2, Andersen Elementary Entrance Way 286, , ,780 35, MIHS Stormwater Improvement 0 1,240, ,240, School Initiated Project - Match 0 300, , Special Capital Projects 0 1,050, ,050, VIPS Program 0 45, , Portable Relocation 401,325 1,101, , , Capital Renewal 10,684,592 12,210, ,063 11,240, ADA Projects 262, , ,570 94, Safety to Life 737, , , , Painting & Corrosion Control 1,348, , , , Custodial Equipment 158, ,023 81,017 77, Grounds Equipment 0 100,000 65,695 34, / Food & Nutrition Services Projects 1,241,656 1,241, , ,826 Page 30

33 STATEMENT OF EXPENDITURES BY PROJECT CHANGES IN FUND BALANCE BUDGET vs ACTUAL CAPITAL PROJECTS FUND PROJECT DESCRIPTION ADOPTED BUDGET THROUGH VARIANCE NUMBER BUDGET 02/28/17 02/28/ Replacement at Failure 1,609,994 2,196,988 1,205, , Plant Ops & Maint Bldg Improv 175, , , Building Envelope Water Control 31,055 31,055 31, Maintenance Painting & Corrosion Control 0 1,000,000 41, ,378 Additional Tax Levy/Capital Projects 408, , ,960 Sales Surtax Projects - Use of Other Funds 835,865 2,322, ,606 1,696,076 Sales Surtax Projects 75,721,303 75,891,648 15,100,386 60,791,262 TOTAL BEFORE OTHER FINANCING SOURCES/USES $ 106,630,641 $ 119,773,655 $ 24,241,227 $ 95,532,428 Transfer - General Fund - Property Insurance $ 4,665,687 $ 4,665,687 $ 0 $ 4,665,687 Transfer - Debt Service 36,367,258 36,367,258 10,082,270 26,284,988 TOTAL AFTER OTHER FINANCING SOURCES/USES $ 147,663,586 $ 160,806,600 $ 34,323,497 $ 126,483,103 EXCESS (DEFICIENCY) OF REVENUES / EXPENDITURES $ (37,453,134) $ (50,439,655) $ 38,381,504 Restricted * $ 87,709,430 $ 88,078,685 $ 88,078,685 Assigned 3,183,759 3,183,759 3,183,759 BEGINNING FUND BALANCE $ 90,893,189 $ 91,262,444 $ 91,262,444 Restricted $ 52,235,647 $ 39,618,381 $ 126,329,162 Assigned 1,204,408 1,204,408 3,314,786 ENDING FUND BALANCE $ 53,440,055 $ 40,822,789 $ 129,643,948 * Restricted beginning balance was amended due to an adjustment for which occurred after the Adopted Budget was prepared and prior to the completion of the CAFR. Page 31

34 STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET vs ACTUAL CASUALTY INSURANCE FUNDS ACCOUNT DESCRIPTION ADOPTED BUDGET THROUGH VARIANCE NUMBER BUDGET 12/31/16 02/28/17 LOCAL SOURCES 348X Premiums $ 4,271,540 $ 4,271,540 $ 2,184,951 $ 2,086, X Interest 88,983 88, ,202 (11,219) TOTAL REVENUES $ 4,360,523 $ 4,360,523 $ 2,285,153 $ 2,075,370 EXPENDITURES: 111 Administrator - Base Pay $ 52,027 $ 52,027 $ 34,685 $ 17, Other Support - Base Pay 74,116 74,116 47,749 26, EAP - Base Pay 47,523 47,523 24,646 22,877 1XX SALARIES TOTAL $ 173,666 $ 173,666 $ 107,080 $ 66, Retirement $ 13,060 $ 13,060 $ 8,052 $ 5, FICA 13,285 13,285 7,853 5, Life Insurance Hospitalization 18,058 18,058 9,543 8, Worker's Compensation I XX FRINGE TOTAL $ 45,516 $ 45,516 $ 26,159 $ 19, Legal Services $ 2,000 $ 2,000 $ 8,310 $ (6,310) 312 Professional and Technical 25,000 25,000 19,220 5, Managed Care Arrangement Costs 28,000 28,000 10,653 17, Travel - In County Travel - Out of County 2,650 2, , Telephone - Base Telephone Long Distance Postage PDA Data PDA Voice Cell Printing, etc. 1,250 1, XX PURCHASED SERVICES TOTAL $ 61,421 $ 61,421 $ 39,085 $ 22,336 Page 32

35 STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET vs ACTUAL CASUALTY INSURANCE FUNDS ACCOUNT DESCRIPTION ADOPTED BUDGET THROUGH VARIANCE NUMBER BUDGET 12/31/16 02/28/ Supplies $ 1,284 $ 1,284 $ 614 $ 670 5XX SUPPLIES / COMPUTER HARDWARE TOTAL $ 1,284 $ 1,284 $ 614 $ Furniture, Fixtures & Equipment over $1,000 $ 2,000 $ 2,000 $ 0 $ 2, Furniture, Fixtures & Equipment under $1,000 2,000 2, , Computer Hardware over $1,000 3,500 3, , Computer Hardware under $1, ,083 (1,583) 691 Computer Software over $1,000 1,500 1, ,500 6XX CAPITAL OUTLAY TOTAL $ 9,500 $ 9,500 $ 2,558 $ 6, Dues and Fees $ 800 $ 800 $ 0 $ Bank Charges 15,000 15,000 7,421 7, Worker's Compensation 4,100,000 4,100,000 2,929,640 1,170, Auto Claims 327, , ,096 61, General Claims 478, , , , Administrative Fees 86,293 86,293 56,543 29, Excess Policy 425, , ,937 53,063 7XX TOTAL OTHER EXPENDITURES $ 5,433,418 $ 5,433,418 $ 3,915,560 $ 1,517,858 TOTAL EXPENDITURES $ 5,724,805 $ 5,724,805 $ 4,091,056 $ 1,633,749 EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES $ (1,364,282) $ (1,364,282) $ (1,805,903) BEGINNING FUND BALANCE $ 1,074,620 $ 1,074,620 $ 1,074,620 Workman's Compensation Adjustment at Year End * 0 1,642,383 1,642,383 ADJUSTED FUND BALANCE BEGINNING OF PERIOD $ 1,074,620 $ 2,717,003 $ 2,717,003 ENDING FUND BALANCE $ (289,662) $ 1,352,721 $ 911,100 * Beginning balance was amended due to an adjustment for which occurred after the Adopted Budget was prepared and prior to the completion of the CAFR. Page 33

36 STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET vs ACTUAL MEDICAL INSURANCE TRUST FUNDS ACCOUNT DESCRIPTION ADOPTED BUDGET THROUGH VARIANCE NUMBER BUDGET 12/31/16 02/28/17 LOCAL SOURCES 348X Premiums $ 67,552,569 $ 67,552,569 $ 40,302,227 $ 27,250, X Interest 109, ,824 77,416 32,408 TOTAL REVENUES $ 67,662,393 $ 67,662,393 $ 40,379,643 $ 27,282,750 EXPENDITURES: 111 Administrator - Base Pay $ 52,027 $ 52,027 $ 34,685 $ 17, Other Support - Base Pay 321, , , , Other Support - Extra Duty 0 0 6,241 (6,241) 164 Other Support - Terminal Pay 0 0 9,540 (9,540) 181 EAP - Base Pay 187, , ,097 81, EAP - Terminal Base 0 0 3,707 (3,707) 1XX SALARIES TOTAL $ 561,078 $ 561,078 $ 369,919 $ 191, Retirement $ 48,894 $ 48,894 $ 30,716 $ 18, FICA 42,922 42,922 25,772 17, Life Insurance Hospitalization 77,024 77,024 45,795 31, Worker's Compensation I 3,131 3,131 2,011 1,120 2XX FRINGE TOTAL $ 172,437 $ 172,437 $ 104,632 $ 67, Professional and Technical $ 202,903 $ 202,903 $ 140,663 $ 62, Travel - In County 3,000 3, , Travel - Out of County 6,000 6, , Travel - Out of State 5,000 5,000 1,385 3, Telephone - Base (111) 373 Postage 6,000 6,000 5, Data Communications 0 0 1,354 (1,354) 384 Water (150) 391 Printing, etc. 8,000 8,000 3,499 4, Clinics - Other Purch Srvs ,584 (649,584) 3XX PURCHASED SERVICES TOTAL $ 230,903 $ 230,903 $ 802,624 $ (571,721) Page 34

37 STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET vs ACTUAL MEDICAL INSURANCE TRUST FUNDS ACCOUNT DESCRIPTION ADOPTED BUDGET THROUGH VARIANCE NUMBER BUDGET 12/31/16 02/28/ Electricity $ 0 $ 0 $ 421 $ (421) 4XX ENERGY SERVICES TOTAL $ 0 $ 0 $ 421 $ (421) 511 Supplies $ 6,000 $ 6,000 $ 2,732 $ 3,268 5XX SUPPLIES / COMPUTER HARDWARE TOTAL $ 6,000 $ 6,000 $ 2,732 $ 3, New Construction - Contracted $ 0 $ 0 $ 175,235 $ (175,235) 634 New Construction - Prof Fees ,867 (109,867) 637 New Construction - Direct PO's ,488 (321,488) 641 Furniture, Fixtures & Equipment over $1,000 2,500 2, , Furniture, Fixtures & Equipment under $1,000 2,000 2,000 8,663 (6,663) 643 Computer Hardware over $1,000 3,000 3, , Computer Hardware under $1,000 6,000 6, , Remodel/Renovate - Prof Fees (280) 692 Computer Software under $1,000 1,500 1, ,500 6XX CAPITAL OUTLAY TOTAL $ 15,000 $ 15,000 $ 615,952 $ (600,952) 737 Dues and Fees $ 828,000 $ 828,000 $ 450,420 $ 377, Bank Charges 15,000 15,000 6,160 8, Claims Expense 64,930,180 64,930,180 39,772,201 25,157, Administrative Fees 4,708,009 4,708,009 2,075,336 2,632,673 7XX TOTAL OTHER EXPENDITURES $ 70,481,189 $ 70,481,189 $ 42,304,117 $ 28,177,072 TOTAL EXPENDITURES $ 71,466,607 $ 71,466,607 $ 44,200,397 $ 27,266,210 EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES $ (3,804,214) $ (3,804,214) $ (3,820,754) BEGINNING FUND BALANCE $ 20,859,507 $ 20,859,507 $ 20,859,507 Estimated Claims Adjustment at Year End 0 851, ,081 ADJUSTED BALANCE BEGINNING OF PERIOD * $ 20,859,507 $ 21,710,588 $ 21,710,588 ENDING FUND BALANCE $ 17,055,293 $ 17,906,374 $ 17,889,834 * Beginning balance was amended due to an adjustment for which occurred after the Adopted Budgt was prepared and prior to the completion of the CAFR. Page 35