Five Year Financial Projections

Transcription

1 Oak Park and River Forest High School District 200 Those Things That Are Best Five Year Financial Projections Educational Fund Operations and Maintenance Fund Transportation Fund Municipal Retirement/Social Security Fund Life Safety Fund Capital Projects Fund Working Cash Fund Tort Fund September 2011 OPRFHS Page 1

2 Five Year Financial Projections Background and Overview The District maintains a financial projection model based on various assumptions concerning future revenue and expenditure expectations. These assumptions are based on historical data, analysis of legislative changes, future enrollment trends and required staffing levels, estimated Consumer Price Index (CPI) increases, estimated future property values, and Board of Education approved goals and objectives. Actual data from previous years and future projections are incorporated into the model after reported to and approved by the Board of Education. The model currently includes updated information for the FY 2010 actual results, the FY 2011 Amended Budget, the FY 2012 Original Budget, the February 2008 Demographic Trends and Enrollment Projections prepared by John D. Kasarda, Ph.D., the 2009 final levy, the 2010 proposed levy, and the September 2011 budgeted staffing levels. During FY 2008, the District began to manage its own cash and investments. As a part of the process to withdraw from the authority of the Cicero Township Treasurer s Office, the District established separate bank accounts and contracted with PMA Financial Network, Inc. (PMA) for investment advice and cash flow analysis. PMA also provides services related to long-term projections. In the fall of 2009, the District converted historical data and future projections from the District projection model to the PMA projection model. The Board of Education commissioned a Finance Advisory Committee (FAC) to review the present budgeting and long range planning processes, and to recommend to the Board a cost containment methodology and process. This fall, the Finance Advisory Leadership Team will begin work reviewing the long range projection model and will make recommendation to the Superintendent. Although some line items vary between this current plan and the Summer 2010 Five Year Financial Projections, the details of which will be discussed below by fund, the results are basically the same: the District does not anticipate another referendum before FY At the present level of spending, the District will begin to experience annual deficit spending in the Education Fund in FY Deficit spending will accelerate through FY New Illinois Program Accounting Manual (IPAM) changes have been implemented and the Capital Projects Fund has been added to the projection model beginning in FY Annual transfers from the O & M Fund to the Capital Projects Fund will provide monies for construction projects. Revenue The most complex and most critical area of the OPRF Five Year Financial Projections is the estimate of property tax revenue. Property taxes are the District s largest revenue source (83.8 in FY 2011), and the calculation process is quite cumbersome. Variables OPRFHS Page 2

3 that must be analyzed include Equalized Assessed Valuation (EAV), new property additions, and CPI. Additionally, because the District s fiscal year ends on June 30, each fiscal year represents the collection of one installment from each of two tax levy years. The Property Tax Extension Limitation Law (PTELL or tax cap ) limits the annual increase to the lesser of 5 or CPI. Due to the structural imbalance in Illinois public education funding, and the limited access to new property EAV value in Oak Park and River Forest due to multiple TIF Districts, it is necessary for the District to eventually request a referendum, as the majority of costs related to public education exceed CPI. The 2005 levy reflected the final year of the phase-in option for the 2002 referendum. The Board of Education approved a partial phase-in of approximately $4.5 million dollars, approximately ½ the amount permitted by the rate increase factor law, increasing the total extension of capped funds to approximately $50 million dollars. Although, the property tax is a fairly consistent tax, the District experiences unanticipated fluctuations in property tax collections due to reassessments and uncollected amounts. Therefore, the District estimates property tax collection at 97. The Village of Oak Park contains several Tax Increment Finance (TIF) districts. There are three TIF districts in Oak Park. The River Forest Town Center TIF district expired effective December 31, TIF districts divert property taxes to village-controlled funds for the purposes of economic development. Over time, incremental EAV has accumulated in the all of these TIF districts. OPRFHS has been able to secure agreements for distribution of funds and/or early carve-outs of property in two of the districts. These revenue streams for surplus distributions have been added to the projection model in the appropriate years. The revenue streams for carve-outs of EAV have been omitted due to the on-going uncertainty concerning the Downtown Oak Park TIF agreement. The River Forest TIF expired in tax levy year 2010, and the Oak Park Downtown TIF will expire in tax levy year The District is currently estimating taxes per fund by calculating the total maximum allowed under the cap. The model estimates the maximum allowable rate for the Life Safety and Working Cash funds and then estimates Tort obligations, IMRF obligations, O & M obligations, and Transportation obligations. The Decennial Life Safety obligations will be completed in summer 2013 and thereafter the levy will be reduced to the amount due for debt service only. The amount required for each of these funds is compared to the maximum levy rate, and the maximum amount or required amount - whichever is lower - is established as the levy amount. The remainder is levied in the Education Fund. The following is a table of the maximum allowable rate per fund. OPRFHS Page 3

4 Levy Description Maximum Rate Educational 3.50 Operations & Maintenance.55 Transportation As needed Special Education.40 Life Safety.10 Working Cash.05 Tort As needed IMRF As needed EAV is projected to increase at the historical trend of 9 at the triennium reassessments, followed by a decrease of 1, and then an increase of 1. CPI is 2.7 for the 2010 levy and 1.5 for Following is an historical analysis of actual CPI and EAV and the future estimates incorporated into the five-year projections. Additional information regarding EAV and other levy assumptions is presented below and on pages 29 and 30. OPRFHS Page 4

5 Levy Year CPI EAV Increase $ 807,929, Actual $ 882,475, Actual $ 876,602, Actual $ 888,191, Actual $ 1,014,461, Actual $ 997,025, Actual $ 1,049,586, Actual $ 1,513,988, Actual $ 1,507,098, Actual $ 1,551,572, Actual $ 1,970,385, Actual $ 1,953,712, Actual $ 2,053,605, Actual $ 2,337,528, Actual $ 2,481,790, Actual $ 2,510,289, Projected $ 2,341,598, Projected $ 2,324,419, Projected $ 2,349,179, Projected $ 2,562,240, Projected $ 2,538,102, Projected $ 2,564,998, Projected The District s state revenues are comprised of both restricted and unrestricted grants. State revenue is approximately 5.2 of the total revenue received by the District. General State Aid (GSA) is a function of the State s total education appropriation (Foundation Level), the District s Average Daily Attendance (ADA), and EAV. Enrollment projections are used to estimate general state aid based on projected per pupil Foundation Level less available local resources. The remaining state aid is primarily special education categorical reimbursements. Historically, the largest component of state aid has been general state aid. OPRFHS is an Alternate Grant district. Historically, the District has received minimal federal aid, the majority of which is special education reimbursement through Medicaid and IDEA. For FY 2010, the District received additional federal aid, which is related to the American Recovery and Reinvestment Act (ARRA). Five of the general state aid payments were paid by federal funds. In addition, the District received one-time funding for IDEA and Title I in the amounts of $875,000 and $85,000 respectively. The FY 2012, Federal Sources of Revenue has been reduced to reflect the discontinuance of the ARRA funding. For FY 2012, Federal Sources will be 2.2 of total revenue compared to 2.5 in FY Because of the political uncertainty of funding from Springfield and Washington D.C., OPRFHS Page 5

6 state and federal aid is difficult to project beyond the current year. The District assumes the status quo in funding unless there is information to the contrary. Corporate Personal Property Replacement Tax (CPPRT) revenue is generated based on the taxpayer s profitability. This tax is very vulnerable to economic downturns and, therefore, fluctuates greatly from year to year. The District recognizes CPPRT revenue in the O & M, Capital Projects and IMRF funds. Due to the recent economic downturn, the District reduced the CPPRT revenue 25 for FY 2010 and For FY 2012 we assume the status quo. Interest income for FY 2012 has been estimated at a total of 0.5, as advised by PMA Future interest rates are estimated at 0.5 for FY 2013, 0.5 for FY 2014, 0.75 for FY The District investments are fully collateralized and/or FDIC insured as required by Illinois School Code. In addition, the District closely monitors the investments to ensure compliance with the District Investment Policy. Expenditures The majority of expenditures in the Education Fund are directly related to compensation and benefits (83.6 in FY 2012). The District projects faculty staffing based on enrollment projections. In February 2008, the District received a demographic study prepared by John D. Kasarda Ph.D. The enrollment for the fall of 2009 exceeded the Kasarda estimate by over 100 students. The District has re-projected enrollment for the next four years as reflected in the December 2010 report to the Board of Education. The projection model has been changed to reflect the increased enrollment. Fall Housing Report On-campus Enrollment , , , , , , , , , , , est. 3, , , , est. 3, , , , est. 3, , , , est. 3, , , , est. 3,209 Method of Estimation The Kasarda demographic methodology included an examination of housing development and population trends within Oak Park and River Forest. In addition, it incorporated actual enrollment data and migration trends for Districts 200, 90, and 97 since the 1950 s. The report then incorporated current enrollment data for Districts 90 and 97 and projected the anticipated future enrollment for District 200. District 200 selected Scenario B of the report, which anticipates fertility rates to remain constant and housing turnover and resulting family in-migration to remain unchanged. OPRFHS Page 6

7 Student Enrollment 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1, Additional information related to enrollment trends is presented on page 27. The projection model estimates salaries based on collective bargaining contract agreements for the length of current contracts plus an estimate for future years based on the contract matrix value for each bargaining unit. Faculty retirement costs are projections based on actual retiree contractual obligations plus projections of future obligations based on an analysis of each faculty member s retirement eligibility date. Health insurance for each employee group is projected to increase at 10 annually. In addition, the District estimates the number of faculty retirees that will be added to or deducted from health insurance enrollment ranks, based on projected retirements. Contract Salary Increases and Length of Contract FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 Faculty Clerical Buildings & Ground ** Non-Affiliated Safety & Support Administration ** Union members received a bridge payment to move from the pre-pay manual system of payroll to the post pay electronic system. Each member will receive two weeks pay (40 hours) at straight time. 1 Salary increases indicated include the value of step increases. 2 Average increase, overall salaries for administrative positions declined by over $222,000 due to retirements, other vacancies and a reduction of 1.0FTE. 3 Increases for administrators were based on a market analysis and changes in responsibilities. Changes by individual were more than/less than CPI. There was a decrease of $71,000 in the total costs overall. 4 Steps have been eliminated OPRFHS Page 7

8 Following is a chart of the certified staff, which includes classroom teachers, counselors, special education program managers, and other certified faculty. Division heads and administrative staff are omitted from this table. These estimates are based on an assumption that class size will remain the same; that the average number of courses taken per student will remain the same, and that the number of special education students will remain stable at the current rate of total student population. Of course, any component of this analysis will affect the estimated staff required, particularly special education staffing requirements. Therefore, these estimates are a guideline only and will fluctuate to meet student needs. Certified Staff (FTE) Classroom Teacher Behavior Interventionist Deans Counselors Spoken Word Title I Faculty Senate Librarian Program Chair Psychologists Social Work Speech Therapist Total FTE: In FY 2012, the number of certified staff decreased by 3.4 FTE. The total number of non-certified staff will increase by 5.16 FTE. A large number of administrators retired at the end of FY The District re-evaluated each position and eliminated one division head position. The increase in non-certified staff is for an increase in safety and support, food service and O&M personnel during the lunch hours for modified closed campus. Additional information regarding certified staff assumptions is presented on page 28. The total cost of benefits has declined significantly over the past several years. This is due to the sunset of several retirement benefits; the early retirement annuity and ERO penalty payment plan, the 20 bumps in final years and the health insurance benefit. The District s new retirement payment includes 6 increases in the last five years of employment and the certified staff will now take advantage of the State TRIP health plan rather than the District health plan. OPRFHS Page 8

9 Other expenditures in the Education Fund are estimated to increase at the following rates: supplies at estimated CPI; capital outlay at estimated CPI; tuition at 2 times CPI; and other objects at estimated CPI. OPRFHS Page 9

10 Discussion by Fund OPRFHS Page 10

11 Educational Fund The Educational Fund accounts for most of the instructional and administrative aspects of the District s day-to-day operations. It also includes the Food Service Fund and the Bookstore Fund in order to be consistent with the ISBE budget document format. The majority of expenditures relate to salaries and benefits for faculty, administrators, teaching assistants, safety and support staff, clerical and non-affiliated directors and supervisors. The staffing levels for faculty and teaching assistants fluctuate based on the number of on-campus regular education students and students with special needs. Other salary and benefit cost considerations relate to the number of retirees receiving benefits; and health, dental, and life insurance benefits paid by the District. The PMA projection model incorporates a detailed estimate of the cost of new faculty salaries and reductions due to faculty retirements. The most significant differences between the Summer 2010 Five Year Projections and the September 2011 Five Year Financial Projections is an increase in anticipated State Aid. Last year at this time, the continuance of GSA funding was doubtful. The projections have been adjusted accordingly. Expenditures have increased due to the changes required for modified closed campus. The anticipated surplus for FY 2012 will be approximately $420,000 less than expected in the Summer 2010 projections. Most of the expenditure changes relate to a decrease in salary and benefit costs. All of the reductions are due to three changes: 1) the significant savings in retirement costs, 2) salary costs lower than anticipated for certified staff, and 3) reduction in the tuition costs. The Education Fund is projected to experience deficit spending in FY An increase in purchased services as we focus efforts on Courageous Conversations about Race, implement READ 180 and begin strategic planning. 2. An increase in supplies and materials related to the instructional materials fee and additional food for food service. 3. The CPI December 31, 2009 CPI was 1.5. This will impact our 2010 levy and future property tax revenue. We have adjusted the model to reflect the reduction in property taxes for the 2010, 2011, and 2012 levies. The chart provided on page 18 with the Educational Fund Projection Analysis illustrates the revenue and expenditure levels compared to the fund balance until the next projected referendum, currently anticipated in FY In FY 2015, expenditures are anticipated to be greater than revenue by approximately $234,000, thereby causing deficit spending. The fund balance will diminish over time until the eventual need for another referendum. It is important to ensure through prudent fiscal management that fund balances accumulate in advance of FY 2015 in order to defer the eventual need for a referendum increase until This cycle of fund balance accumulation followed by its depletion is typical under tax cap law in Illinois for districts heavily dependent on local property taxes. Fiscal year 2018 is significant to the District because the Oak Park Downtown TIF District will expire and a significant amount of incremental EAV will be released for levy purposes. In addition, by FY 2019, the District will have repaid the majority of its current outstanding debt. OPRFHS Page 11

12 Other expenditures, primarily related to off-campus tuition, have declined as the District has been successful in meeting the needs of more students on campus. The model anticipates that the number of students placed off-campus will remain at the FY 2011 reduced levels. The District replaces the Drivers Education automobiles every fifth year. The next replacement cycle will occur in FY Operations and Maintenance Fund (O&M) The Operations and Maintenance Fund accounts for the day-to-day operations and cleaning of the vintage building totaling approximately 1,000,000 square feet and the District grounds. The majority of expenditures relate to the compensation and benefits of custodial and maintenance employees (61 in FY 2012). The District is continuing to reestablish the fund balance in order to maintain the vintage building and to set aside funds for capital improvements. The projections assume that the District will increase the levy rate from the previous cap of $.25 per $100 of EAV in order to meet O & M obligations; however, the District does not currently anticipate the need to levy at the new maximum rate of $.55 per $100 of EAV. Revenues related to CPPRT have been reduced by 25 in FY 2010 due to the economic downturn. The District assumes that CPPRT will be a zero percent increase in FY 2012 and thereafter. Other local sources of income relate to facility rental and interest income. The Restricted Building Fund has now been combined with the O & M Fund in this projection model which is consistent with the ISBE annual report and with the Comprehensive Annual Financial Report. Expenditures relating to construction projects, which were previously recorded in the Restricted Building Fund, were expended from the combined O & M Fund and the Life Safety Funds in FY In FY 2011, the District was required to establish the Capital Projects Fund. Beginning in FY 2011 there will be an annual transfer from the O & M Fund to the Capital Project Fund for construction projects. The District Facility Advisory Committee has been discussing facility needs and priorities. The projection model will change as these plans unfold, and actual dollar amounts may vary from year-to-year based on the priorities determined by the Committees and approved by the Board. The long range cost of capital assets has declined in the O & M fund due to the transfer to the new Capital Projects Fund for construction projects. The District s utility costs have abated due to improvements related to boiler replacements, window replacements, HVAC upgrades, light replacements, and the installation of air lock doors. As a result of these positive improvements, costs related to utilities are significantly less than the Summer 2010 Five Year Financial Projections but are estimated to increase at twice the rate of CPI. OPRFHS Page 12

13 The District will maintain a budget that reflects a decrease in surplus each year while deferred maintenance projects are completed. Transportation Fund The Transportation Fund accounts for activities relating to student transportation to and from school for students with special needs. This fund also accounts for transportation related to field trips, activities, and athletic events. The District owns two mini-buses and two eight-passenger vans for the transport of small groups of students for activities and athletic events. In addition, the District owns two mini-buses equipped with wheelchair accessibility in order to transport students with special needs on life skills outings in the community. These vehicles will be replaced on a 7- to 15-year rotating cycle. The costs related to replacing these vehicles are reflected in the projections. There are no planned vehicle replacements in FY IMRF/Social Security Fund The IMRF Fund accounts for the District s portion of pension contribution to the Illinois Municipal Retirement Fund and for Social Security benefits for non-certified employees. IMRF determines the District s contribution to the fund based on future pension obligations. The IMRF rates escalated over the period of 2004 through 2007 and then declined slightly; however, due to the recent financial market decline, IMRF notified all districts that the IMRF rate will be increasing over the next several years at approximately 20 per year until the rate equals Since the initial notice of a sharp increase in IMRF rates, there has been a modest market improvement. The September 2012 projections reflect a slight change in expectation. We have adjusted the maximum expected rate down to The actual January 1, 2012 rate will be 12.29, which is lower than originally projected by IMRF. OPRFHS Page 13

14 IMRF Historical Rates Fiscal Year Rate Working Cash Fund The Working Cash Fund accounts for financial resources held by the District that may be temporarily loaned to other funds. The Working Cash Fund is provided from local property taxes. Tax caps limit the levy amount. The legal maximum allowable rate is $.05 per $100 of EAV. The fund balance had been depleted in the past in order to help support the Education Fund in advance of the 2002 referendum. The District receives the majority of total revenue from local property taxes, which are paid twice per year; therefore, the District needs to maintain adequate resources to sustain operations for the period of March through December, the time period between the first and second tax installments. Tort Fund The Tort Fund accounts for the legal and insurance needs of the District. There is no tax rate cap on the Tort Fund; however, the Tort Fund is under the extension cap and, therefore, affects the amount that can be levied into other funds. Insurance and legal expenses are projected to increase at CPI. Property and casualty insurance is expected to increase annually at 10. The Tort Fund maintains a fund balance for unexpected legal, potential safety issues, or increases in liability insurance due to claims experience. The District is part of a self-funded Collective Liability Insurance Cooperative (CLIC) for property, liability, and workers compensation insurance along with approximately 150 other Illinois public school districts. Increases in premium are heavily dependent on claims experience. The July 1, 2011 property and casualty renewal was very favorable due to our lower that average utilization. Expenditures have been adjusted accordingly. The District has a standing Safety Committee which reviews claims history, safety concerns, and compliance with safety inspections and improvements in order to reduce claims experience. OPRFHS Page 14

15 Life Safety Fund The Life Safety Fund accounts for State approved fire prevention and safety construction projects. The Life Safety levy will be used over the next 20 years to pay-off the debt secured in FY 2004 and FY 2005 for roof projects and to fund other Life Safety projects relating to asbestos removal, air handling, and fire and electrical safety. The Life Safety levy amount will be limited to the amount required to meet these obligations. The Life Safety Fund is under the tax cap and, therefore, ultimately affects the amount levied into the Education Fund. Wight and Company, the previous architectural firm, prepared a Decennial Life Safety plan which the District is presently implementing. The projects outlined in the plan will be completed by summer 2013 and the levy will be reduced at that time. Other construction projects will be recorded in the Capital Projects Fund. Capital Projects Fund The Capital Projects Fund has been added to the projection model as required by IPAM changes. The Capital Projects Fund will receive a transfer of monies from the O & M fund on an annual basis to cover construction projects. The District facility is a vintage building in the Frank Lloyd Wright Historic District. The building is surrounded by residential properties. The communities of Oak Park and River Forest are fully developed with no undeveloped property available. The District intends to maintain the District buildings and grounds in a proactive manner, not deferring or delaying needed maintenance, so that the current building may be in service and in good condition far into the future. The District intends to maintain the historical value and use energy efficient and sustainable products, when refurbishing or redesigning areas. The safety of students and staff is of the utmost importance. A Facility Advisory Committee reviews potential construction and maintenance projects and makes a recommendation to the District Administration. The Board of Education recently approved a modified closed campus for lunch. This change will necessitate some changes in the facility use. A taskforce committee is reviewing the student needs. These projections do not include additional amounts that may be needed for this project. The District is also reviewing the instructional needs for the oldest part of the building. The Facility Advisory Committee is considering this question. These projections do contain set aside funds for this purpose. This projection model anticipates spending of approximately $5,000,000 per year for construction projects beginning in FY This coincides with the sunset of the spending in the Life Safety Fund. OPRFHS Page 15

16 Aggregate View The Aggregate View-Projection Analysis is a compilation of all District funds. The analysis is for informational purposes only. Each fund maintains a separate fund balance which can only be used for the purposes of the particular fund. There are limitations on fund transfers. The District presently transfers interest income from the Bond and Interest Fund to the O & M Fund, and transfers funds for debt payments from the Life Safety Fund to the Bond and Interest Fund. Beginning in FY 2011, the District will also transfer funds from the O & M Fund to the Capital Projects Fund for construction projects. Each of these transfers is permitted by law and approved by the Board of Education. As discussed in the Educational Fund section of this document, the District will experience an increase in total fund balance over the next several years and then a depletion of those balances in advance of an eventual referendum in FY The structural imbalance in the Illinois model of school district financing, which limits increases in tax revenue to the lesser of CPI or 5, has the effect of requiring school districts to eventually seek a referendum increase in funding in order to maintain programs. The CPI is not an adequate measure to forecast annual increases for school districts because the vast majority of expenditures relate to salaries and benefits of staff members (for OPRFHS over 83.6 of the Education Fund s annual expenditures). The costs related to salaries and benefits increase annually at an amount greater than CPI. This imbalance creates the need for a referendum. Another complication of Illinois school funding is the heavy reliance on property taxes, which are remitted to school districts in two installments, one in the spring and the other in the fall. For Cook County, Illinois, the fall payment is generally paid sometime between September and December. Therefore, on June 30 of each year, the District must have cash on hand to pay bills until December. The District has been a careful steward of school spending. Since the passage of the referendum in 2002, the District has completely restructured its financial operations, hiring a Chief Financial Officer with extensive private and public financial expertise, as well as seeking additional outside professional financial planning assistance; implemented a zero-based budgeting model resulting in substantive and enduring cost cuts and cost savings measures; constructed a realistic five year plan that extends the life of a referendum under current parameters to 2018, and built back formerly depleted funds vital to school operations, such as the Life Safety, Operation and Maintenance, and Working Cash funds. After the abolition of the Cicero Township Treasurer s Office, the District has assumed management of its own investments with an annual savings of $100,000 and increased interest income results. The District now maintains a credit rating of AAA. Cost containment measures have included significant reductions in the retirement costs for faculty and staff; significant changes and cost reductions in the health insurance benefit; a reduction of students placed off-campus thereby saving transportation and tuition costs; reduction in utility costs due to boiler replacement, window replacement OPRFHS Page 16

17 and installation of airlock doors; redesign of student transportation; redesign of the childcare program; redesign of the summer school program; redesign of the attendance office; elimination of the Cicero Township Treasurer s fees; reduced contract services for audit and accounting work, and reduced contract services for computer software support. The District has also implemented an extensive bidding and purchase order process, an employee management and tracking system, a fixed asset recording and monitoring system, a time and attendance recording system and has improved internal controls thereby eliminating unplanned and unbudgeted expenditures. Beginning with the fiscal budget planning process, the District will implement a new financial planning model. The new model includes working groups, quality review committees and a Finance Advisory Leadership Team. The new model will introduce shared leadership, cost consciousness amongst all employee groups, greater community input and increased transparency. The ALT will review the financial projection model on an annual basis and make recommendations to the Superintendent. OPRFHS Page 17

18 Integrity Commitment Performance Oak Park and River Forest HS District 200 Education Fund - Projection Analysis BUDGET Change FY 2014 REVENUE / EXPENDITURE PROJECTIONS Change FY 2015 Change FY 2016 Change FY 2017 Change FY 2012 FY 2013 REVENUE Property Taxes $45,334,109 $46,166, $46,528, $47,436, $48,047, $48,508, Other Local $4,707,632 $4,717, $4,729, $4,935, $5,127, $5,283, General State Aid $1,333,593 $1,405, $1,401, $1,423, $1,433, $1,496, Other State $1,634,830 $1,634, $1,634, $1,634, $1,634, $1,634, Federal $1,547,183 $1,547, $1,547, $1,547, $1,547, $1,547, TOTAL REVENUE $54,557,347 $55,472, $55,840, $56,977, $57,790, $58,470, EXPENDITURES Salaries $34,165,453 $35,688, $37,227, $39,059, $40,709, $42,682, Health/Dental Insurance $4,976,932 $5,325, $5,670, $6,160, $6,827, $7,434, Other Employee Benefits $1,159,254 $1,182, $1,233, $1,306, $1,378, $1,448, Purchased Services $2,766,079 $2,821, $2,877, $2,935, $2,994, $3,053, Supplies and Materials $3,183,201 $3,246, $3,311, $3,378, $3,445, $3,514, Capital Outlay $847,732 $953, $903, $901, $919, $938, Other $3,083,959 $3,207, $3,335, $3,469, $3,607, $3,752, TOTAL EXPENDITURES $50,182,610 $52,424, $54,559, $57,211, $59,882, $62,824, EXCESS / DEFICIT $4,374,737 $3,047,616 $1,280,820 ($233,863) ($2,091,988) ($4,354,381) OTHER FIN. SOURCES/USES Transfer Among Funds (Net) $0 $0 $0 $0 $0 $0 Sale of Bonds $0 $0 $0 $0 $0 $0 Other Financing Sources $0 $0 $0 $0 $0 $0 Other Financing Uses $0 $0 $0 $0 $0 $0 TOTAL OTHER FIN. SOURCES/USES $0 $0 $0 $0 $0 $0 BEGINNING FUND BALANCE $75,011,576 $79,386,313 $82,433,929 $83,714,748 $83,480,885 $81,388,897 PROJECTED YEAR-END FUND BALANCE $79,386,313 $82,433,929 $83,714,748 $83,480,885 $81,388,897 $77,034,516 FUND BALANCE AS OF EXPENDITURES FUND BALANCE AS # OF MONTHS OF EXPENDITURES General State Aid 2.4 Other Local 8.6 REVENUE BY SOURCE - FY 2012 Other State 3.0 Federal 2.8 $90,000,000 $80,000,000 $70,000,000 $60,000,000 Property Taxes 83.1 $50,000,000 $40,000,000 Supplies And Materials 6.3 Purchased Services 5.5 Benefits 12.2 EXPENDITURES BY OBJECT - FY 2012 Capital Outlay 1.7 Other Objects 6.1 Salaries 68.1 $30,000,000 $20,000,000 $10,000,000 $0 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 Fund Balance Revenues Expenditures 2011 PMA Financial Network, Inc. Page: 18 09/26/11-2:04 PM All Assumptions have been provided by the District.

19 Integrity Commitment Performance Oak Park and River Forest HS District 200 Operations & Maintenance Fund - Projection Analysis BUDGET Change FY 2014 REVENUE / EXPENDITURE PROJECTIONS Change FY 2015 Change FY 2016 Change FY 2017 Change FY 2012 FY 2013 REVENUE Property Taxes $6,692,124 $7,294, $8,523, $9,791, $10,384, $10,944, CPPRT $930,000 $930, $930, $930, $930, $930, Other Local $107,167 $97, $94, $106, $117, $128, TOTAL REVENUE $7,729,291 $8,322, $9,548, $10,828, $11,431, $12,003, EXPENDITURES Salaries $2,874,488 $2,963, $3,052, $3,144, $3,238, $3,335, Health/Dental Insurance $559,103 $615, $651, $716, $788, $860, Other Employee Benefits $27,934 $29, $30, $32, $34, $36, Utilities $1,253,000 $1,303, $1,355, $1,409, $1,465, $1,524, Purchased Services $588,098 $602, $617, $633, $649, $665, Supplies and Materials $264,342 $277, $291, $306, $321, $337, Capital Outlay $140,710 $121, $123, $158, $129, $132, Other $4,693 $4, $4, $4, $5, $5, TOTAL EXPENDITURES $5,712,368 $5,917, $6,128, $6,405, $6,632, $6,896, $7,916,277 $8,451,802 $10,309,218 $11,422,864 $11,784,799 $12,188,670 EXCESS / DEFICIT $2,016,923 $2,404,168 $3,420,075 $4,422,277 $4,799,894 $5,106,220 OTHER FIN. SOURCES/USES Transfer Among Funds (Net) ($2,203,909) ($2,533,886) ($4,180,912) ($5,017,094) ($5,152,771) ($5,291,841) Sale of Bonds $0 $0 $0 $0 $0 $0 Other Financing Sources $0 $0 $0 $0 $0 $0 Other Financing Uses $0 $0 $0 $0 $0 $0 TOTAL OTHER FIN. SOURCES/USES ($2,203,909) ($2,533,886) ($4,180,912) ($5,017,094) ($5,152,771) ($5,291,841) BEGINNING FUND BALANCE $8,232,128 $8,045,142 $7,915,424 $7,154,587 $6,559,770 $6,206,894 PROJECTED YEAR-END FUND BALANCE $8,045,142 $7,915,424 $7,154,587 $6,559,770 $6,206,894 $6,021,273 FUND BALANCE AS OF EXPENDITURES FUND BALANCE AS # OF MONTHS OF EXPENDITURES REVENUE BY SOURCE - FY 2012 $16,000,000 Other Local 13.4 $14,000,000 $12,000,000 $10,000,000 Property Taxes 86.6 $8,000,000 $6,000,000 EXPENDITURES BY OBJECT - FY 2012 $4,000,000 Other Objects 0.1 Utilities 21.9 $2,000,000 Capital Outlay 2.5 $0 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 Supplies And Materials 4.6 Purchased Services 10.3 Benefits 10.3 Salaries 50.3 Fund Balance Revenues Expenditures & Transfers 2011 PMA Financial Network, Inc. Page: 19 09/26/11-2:04 PM All Assumptions have been provided by the District.

20 Integrity Commitment Performance Oak Park and River Forest HS District 200 Transportation Fund - Projection Analysis BUDGET Change FY 2014 REVENUE / EXPENDITURE PROJECTIONS Change FY 2015 Change FY 2016 Change FY 2017 Change FY 2012 FY 2013 REVENUE Property Taxes $864,354 $867, $860, $864, $865, $863, Other Local $11,211 $14, $15, $24, $33, $40, Other State $748,200 $748, $748, $748, $748, $748, TOTAL REVENUE $1,623,765 $1,630, $1,624, $1,637, $1,646, $1,652, EXPENDITURES Salaries $1,000 $1, $1, $1, $1, $1, Purchased Services $1,327,960 $1,381, $1,436, $1,493, $1,553, $1,615, Supplies and Materials $7,500 $7, $7, $8, $8, $8, Capital Outlay $0 $49,587 $ $33,443 $145, $ Other $4,500 $4, $4, $4, $4, $4, TOTAL EXPENDITURES $1,340,960 $1,443, $1,449, $1,540, $1,712, $1,629, EXCESS / DEFICIT $282,805 $186,472 $174,901 $96,390 ($66,093) $22,837 OTHER FIN. SOURCES/USES Transfer Among Funds (Net) $0 $0 $0 $0 $0 $0 Sale of Bonds $0 $0 $0 $0 $0 $0 Other Financing Sources $0 $0 $0 $0 $0 $0 Other Financing Uses $0 $0 $0 $0 $0 $0 TOTAL OTHER FIN. SOURCES/USES $0 $0 $0 $0 $0 $0 BEGINNING FUND BALANCE $2,568,587 $2,851,392 $3,037,864 $3,212,765 $3,309,155 $3,243,062 PROJECTED YEAR-END FUND BALANCE $2,851,392 $3,037,864 $3,212,765 $3,309,155 $3,243,062 $3,265,900 FUND BALANCE AS OF EXPENDITURES FUND BALANCE AS # OF MONTHS OF EXPENDITURES REVENUE BY SOURCE - FY 2012 $3,500,000 Other State 46.1 Property Taxes 53.2 $3,000,000 $2,500,000 $2,000,000 Other Local 0.7 EXPENDITURES BY OBJECT - FY 2012 $1,500,000 $1,000,000 Supplies And Materials 0.6 Other Objects 0.3 Salaries 0.1 $500,000 $0 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 Fund Balance Revenues Expenditures Purchased Services PMA Financial Network, Inc. Page: 20 09/26/11-2:04 PM All Assumptions have been provided by the District.

21 Integrity Commitment Performance IMRF Fund - Projection Analysis Oak Park and River Forest HS District 200 BUDGET Change FY 2014 REVENUE / EXPENDITURE PROJECTIONS Change FY 2015 Change FY 2016 Change FY 2017 FY 2012 FY 2013 REVENUE Property Taxes $2,516,606 $2,576, $2,652, $2,761, $2,810, $2,805, CPPRT $116,900 $116, $116, $116, $116, $116, Other Local $11,781 $13, $13, $21, $29, $37, TOTAL REVENUE $2,645,287 $2,706, $2,783, $2,899, $2,957, $2,959, $128,681 EXPENDITURES Other Employee Benefits $2,252,530 $2,581, $2,669, $2,766, $2,862, $2,965, TOTAL EXPENDITURES $2,252,530 $2,581, $2,669, $2,766, $2,862, $2,965, Change EXCESS / DEFICIT $392,757 $124,887 $113,916 $133,182 $94,859 ($6,021) OTHER FIN. SOURCES/USES Transfer Among Funds (Net) $0 $0 $0 $0 $0 $0 Sale of Bonds $0 $0 $0 $0 $0 $0 Other Financing Sources $0 $0 $0 $0 $0 $0 Other Financing Uses $0 $0 $0 $0 $0 $0 TOTAL OTHER FIN. SOURCES/USES $0 $0 $0 $0 $0 $0 BEGINNING FUND BALANCE $2,301,591 $2,694,348 $2,819,235 $2,933,151 $3,066,333 $3,161,193 PROJECTED YEAR-END FUND BALANCE $2,694,348 $2,819,235 $2,933,151 $3,066,333 $3,161,193 $3,155,172 FUND BALANCE AS OF EXPENDITURES FUND BALANCE AS # OF MONTHS OF EXPENDITURES REVENUE BY SOURCE - FY 2012 Other Local 4.9 $4,000,000 $3,500,000 $3,000,000 $2,500,000 Property Taxes 95.1 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2021 Fund Balance Revenues Expenditures 2011 PMA Financial Network, Inc. Page: 21 09/26/11-2:04 PM All Assumptions have been provided by the District.

22 Integrity Commitment Performance Oak Park and River Forest HS District 200 Capital Projects Fund - Projection Analysis BUDGET Change FY 2014 REVENUE / EXPENDITURE PROJECTIONS Change FY 2015 Change FY 2016 Change FY 2017 FY 2012 FY 2013 REVENUE CPPRT $310,000 $260, $310, $410, $410, $410, TOTAL REVENUE $310,000 $260, $310, $410, $410, $410, $2,513,909 $2,793,886 $4,490,912 $5,427,094 $5,562,771 $5,701,841 EXPENDITURES Purchased Services $50,000 $ $0 $0 $0 $0 Capital Outlay $2,203,909 $2,793, $4,490, $5,427, $5,562, $5,701, TOTAL EXPENDITURES $2,253,909 $2,793, $4,490, $5,427, $5,562, $5,701, Change EXCESS / DEFICIT ($1,943,909) ($2,533,886) ($4,180,912) ($5,017,094) ($5,152,771) ($5,291,841) OTHER FIN. SOURCES/USES Transfer Among Funds (Net) $2,203,909 $2,533,886 $4,180,912 $5,017,094 $5,152,771 $5,291,841 Sale of Bonds $0 $0 $0 $0 $0 $0 Other Financing Sources $0 $0 $0 $0 $0 $0 Other Financing Uses $0 $0 $0 $0 $0 $0 TOTAL OTHER FIN. SOURCES/USES $2,203,909 $2,533,886 $4,180,912 $5,017,094 $5,152,771 $5,291,841 BEGINNING FUND BALANCE $410,000 $670,000 $670,000 $670,000 $670,000 $670,000 PROJECTED YEAR-END FUND BALANCE $670,000 $670,000 $670,000 $670,000 $670,000 $670,000 FUND BALANCE AS OF EXPENDITURES FUND BALANCE AS # OF MONTHS OF EXPENDITURES REVENUE BY SOURCE - FY 2012 $7,000,000 $6,000,000 $5,000,000 $4,000,000 Other Local 100 EXPENDITURES BY OBJECT - FY 2012 $3,000,000 $2,000,000 $1,000,000 Purchased Services 2.2 $0 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 Fund Balance Revenues Expenditures Capital Outlay PMA Financial Network, Inc. Page: 22 09/26/11-2:04 PM All Assumptions have been provided by the District.

23 Integrity Commitment Performance Oak Park and River Forest HS District 200 Working Cash Fund - Projection Analysis BUDGET Change FY 2014 REVENUE / EXPENDITURE PROJECTIONS Change FY 2015 Change FY 2016 Change FY 2017 Change FY 2012 FY 2013 REVENUE Property Taxes $1,190,085 $1,137, $1,123, $1,135, $1,189, $1,230, Other Local $40,798 $46, $53, $88, $130, $179, TOTAL REVENUE $1,230,883 $1,184, $1,176, $1,223, $1,320, $1,410, EXPENDITURES TOTAL EXPENDITURES $0 $0 $0 $0 $0 $0 EXCESS / DEFICIT $1,230,883 $1,184,078 $1,176,712 $1,223,622 $1,320,236 $1,410,817 OTHER FIN. SOURCES/USES Transfer Among Funds (Net) $0 $0 $0 $0 $0 $0 Sale of Bonds $0 $0 $0 $0 $0 $0 Other Financing Sources $0 $0 $0 $0 $0 $0 Other Financing Uses $0 $0 $0 $0 $0 $0 TOTAL OTHER FIN. SOURCES/USES $0 $0 $0 $0 $0 $0 BEGINNING FUND BALANCE $7,636,293 $8,867,176 $10,051,254 $11,227,965 $12,451,587 $13,771,823 PROJECTED YEAR-END FUND BALANCE $8,867,176 $10,051,254 $11,227,965 $12,451,587 $13,771,823 $15,182,640 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 Fund Balance 2011 PMA Financial Network, Inc. Page: 23 09/26/11-2:04 PM All Assumptions have been provided by the District.

24 Integrity Commitment Performance Tort Fund - Projection Analysis Oak Park and River Forest HS District 200 BUDGET Change FY 2014 REVENUE / EXPENDITURE PROJECTIONS Change FY 2015 Change FY 2016 Change FY 2017 Change FY 2012 FY 2013 REVENUE Property Taxes $1,142,714 $1,166, $1,180, $1,209, $1,293, $1,457, Other Local $11,120 $11, $11, $15, $19, $22, TOTAL REVENUE $1,153,834 $1,178, $1,192, $1,225, $1,313, $1,480, EXPENDITURES Purchased Services $664,021 $730, $803, $883, $972, $1,069, Supplies and Materials $2,000 $2, $2, $2, $2, $2, Capital Outlay $363,855 $371, $378, $386, $393, $401, Other $100,000 $102, $104, $106, $108, $110, TOTAL EXPENDITURES $1,129,876 $1,205, $1,288, $1,378, $1,476, $1,583, EXCESS / DEFICIT $23,958 ($27,339) ($95,953) ($152,558) ($163,120) ($103,503) OTHER FIN. SOURCES/USES Transfer Among Funds (Net) $0 $0 $0 $0 $0 $0 Sale of Bonds $0 $0 $0 $0 $0 $0 Other Financing Sources $0 $0 $0 $0 $0 $0 Other Financing Uses $0 $0 $0 $0 $0 $0 TOTAL OTHER FIN. SOURCES/USES $0 $0 $0 $0 $0 $0 BEGINNING FUND BALANCE $2,353,610 $2,377,568 $2,350,229 $2,254,277 $2,101,719 $1,938,599 PROJECTED YEAR-END FUND BALANCE $2,377,568 $2,350,229 $2,254,277 $2,101,719 $1,938,599 $1,835,095 FUND BALANCE AS OF EXPENDITURES FUND BALANCE AS # OF MONTHS OF EXPENDITURES REVENUE BY SOURCE - FY 2012 Other Local 1.0 $2,500,000 $2,000,000 $1,500,000 Property Taxes 99.0 EXPENDITURES BY OBJECT - FY 2012 Other 8.9 $1,000,000 $500,000 Capital Outlay 32.2 Supplies and Materials 0.2 Purchased Services 58.8 $0 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2021 Fund Balance Revenues Expenditures 2011 PMA Financial Network, Inc. Page: 24 09/26/11-2:04 PM All Assumptions have been provided by the District.

25 Integrity Commitment Performance Oak Park and River Forest HS District 200 Life Safety Fund - Projection Analysis BUDGET Change FY 2014 REVENUE / EXPENDITURE PROJECTIONS Change FY 2015 Change FY 2016 Change FY 2017 FY 2012 FY 2013 REVENUE Property Taxes $2,380,170 $2,274, $1,402, $630, $621, $610, CPPRT $100,000 $150, $100, $ $0 $0 Other Local $1,510 $ $ $2, $3, $4, TOTAL REVENUE $2,481,680 $2,425, $1,503, $633, $625, $615, $101,510 EXPENDITURES Purchased Services $0 $0 $0 $0 $0 $0 Supplies and Materials $0 $0 $0 $0 $0 $0 Capital Outlay $1,701,822 $1,701, $833, $ $0 $0 Other $0 $0 $0 $0 $0 $0 TOTAL EXPENDITURES $1,701,822 $1,701, $833, $ $0 $0 $2,317,136 $2,318,027 $1,450,183 $620,955 $620,089 $613,190 EXCESS / DEFICIT $779,858 $723,302 $669,534 $633,418 $625,007 $615,447 Transfers OTHER FIN. SOURCES/USES $615,314 Transfer Among Funds (Net) ($615,314) ($616,205) ($616,290) ($620,955) ($620,089) ($613,190) Sale of Bonds $0 $0 $0 $0 $0 $0 Other Financing Sources $0 $0 $0 $0 $0 $0 Other Financing Uses $0 $0 $0 $0 $0 $0 TOTAL OTHER FIN. SOURCES/USES ($615,314) ($616,205) ($616,290) ($620,955) ($620,089) ($613,190) Change BEGINNING FUND BALANCE $75,207 $239,751 $346,848 $400,092 $412,555 $417,473 PROJECTED YEAR-END FUND BALANCE $239,751 $346,848 $400,092 $412,555 $417,473 $419,730 FUND BALANCE AS OF EXPENDITURES FUND BALANCE AS # OF MONTHS OF EXPENDITURES REVENUE BY SOURCE - FY 2012 Other Local 4.1 $3,000,000 $2,500,000 $2,000,000 $1,500,000 Property Taxes 95.9 EXPENDITURES BY OBJECT - FY 2012 $1,000,000 Transfers 26.6 $500,000 $0 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 Fund Balance Revenues Expenditures & Transfers Capital Outlay PMA Financial Network, Inc. Page: 25 09/26/11-2:04 PM All Assumptions have been provided by the District.

26 Integrity Commitment Performance Oak Park and River Forest HS District 200 Aggregate View - Projection Analysis (Ed, O&M, Transportation, IMRF, Capital Projections, Working Cash, Tort and Life Safety Funds) BUDGET REVENUE / EXPENDITURE PROJECTIONS Change FY 2014 Change FY 2015 Change FY 2016 Change FY 2017 Change FY 2012 FY 2013 REVENUE Property Taxes $60,120,162 $61,483, $62,272, $63,829, $65,211, $66,420, CPPRT $1,456,900 $1,456, $1,456, $1,456, $1,456, $1,456, Other Local $4,891,219 $4,902, $4,918, $5,195, $5,462, $5,697, General State Aid $1,333,593 $1,405, $1,401, $1,423, $1,433, $1,496, Other State $2,383,030 $2,383, $2,383, $2,383, $2,383, $2,383, Federal $1,547,183 $1,547, $1,547, $1,547, $1,547, $1,547, TOTAL REVENUE $71,732,087 $73,178, $73,979, $75,835, $77,495, $79,002, EXPENDITURES Salaries $37,040,941 $38,653, $40,281, $42,205, $43,949, $46,019, Health/Dental Insurance $5,536,035 $5,940, $6,321, $6,877, $7,615, $8,294, Other Employee Benefits $1,187,188 $1,211, $1,263, $1,339, $1,412, $1,484, IMRF/Social Security/Medicare $2,252,530 $2,581, $2,669, $2,766, $2,862, $2,965, Utilities $1,253,000 $1,303, $1,355, $1,409, $1,465, $1,524, Purchased Services $5,396,158 $5,535, $5,735, $5,946, $6,168, $6,404, Supplies and Materials $3,457,043 $3,534, $3,613, $3,694, $3,777, $3,862, Capital Outlay $5,258,028 $5,991, $6,730, $6,907, $7,151, $7,174, Other $3,193,152 $3,318, $3,449, $3,584, $3,725, $3,872, TOTAL EXPENDITURES $64,574,075 $68,069, $71,420, $74,730, $78,129, $81,602, $65,189,389 $68,685,237 $72,036,904 $75,350,978 $78,749,593 $82,215,767 EXCESS / DEFICIT $7,158,012 $5,109,297 $2,559,093 $1,105,374 ($633,976) ($2,600,424) Transfers OTHER FIN. SOURCES/USES $615,314 Transfer Among Funds (Net) ($615,314) ($616,205) ($616,290) ($620,955) ($620,089) ($613,190) Sale of Bonds $0 $0 $0 $0 $0 $0 Other Financing Sources $0 $0 $0 $0 $0 $0 Other Financing Uses $0 $0 $0 $0 $0 $0 TOTAL OTHER FIN. SOURCES/USES ($615,314) ($616,205) ($616,290) ($620,955) ($620,089) ($613,190) EXCESS/DEFICIT + SOURCES/USES $6,542,698 $4,493,092 $1,942,803 $484,419 ($1,254,065) ($3,213,614) BEGINNING FUND BALANCE $98,588,992 $105,131,690 $109,624,782 $111,567,586 $112,052,005 $110,797,940 PROJECTED YEAR-END FUND BALANCE $105,131,690 $109,624,782 $111,567,586 $112,052,005 $110,797,940 $107,584,325 FUND BALANCE AS OF EXPENDITURES FUND BALANCE AS # OF MONTHS OF EXPENDITURES General State Aid 1.9 Other Local 8.8 REVENUE BY SOURCE - FY 2012 Other State 3.3 Federal 2.2 $120,000,000 $100,000,000 $80,000,000 Property Taxes 83.8 $60,000,000 EXPENDITURES BY OBJECT - FY 2012 $40,000,000 Supplies and Materials 5.3 IMRF/Social Security/Medicare 3.5 Other Employee Benefits 1.8 Capital Outlay 8.1 Health/Dental Insurance 8.5 Other 4.9 Transfers 0.9 Purchased Services 8.3 $0 Utilities 1.9 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 Fund Balance Revenues Expenditures & Transfers Salaries 56.8 $20,000, PMA Financial Network, Inc. Page: 26 09/26/11-2:04 PM All Assumptions have been provided by the District.

27 Integrity Commitment Performance Oak Park and River Forest HS District 200 Enrollment Analysis ACTUAL ENROLLMENT PROJECTED ENROLLMENT : 3,139 3,098 3,076 3,182 3,150 3,189 3,127 3,086 3,121 3,209 3,209 SPED Out-of-District TOTAL ENROLLMENT: 3,245 3,176 3,163 3,262 3,230 3,269 3,207 3,166 3,201 3,289 3,289 ANNUAL CHANGE: ADA: 3,160 3,100 3,060 3,094 3,179 3,179 ENROLLMENT HISTORY AND PROJECTIONS ENROLLMENT CHANGE 3,500 3,000 2,500 2,000 1,500 3,245 3,176 3,163 3,262 3,230 3,269 3,207 3,166 3,201 3,289 3, , (20) (40) (60) (80) (13) (32) (41) (62) (69) Actual Projected Actual Projected 2011 PMA Financial Network, Inc. Page: 27 09/26/11-2:04 PM All Assumptions have been provided by the District.

28 Integrity Commitment Performance Oak Park and River Forest HS District 200 Certified Staff Assumptions Certified Staff (FTE) Staffing Ratios : Behavior Interventionist Deans Counselors Spoken Word Title I Faculty Senate Librarian Program Chair Psychologists Social Work Speech Therapist Total FTE: Average Staffing Ratio: Certified Staff Changes (FTE)- Projections : Behavior Interventionist Deans Counselors Spoken Word Title I Faculty Senate Librarian Program Chair Psychologists Social Work Speech Therapist FTE change: CERTIFIED STAFF (FTE) Actual Projected 2011 PMA Financial Network, Inc. Page: 28 09/26/11-2:04 PM All Assumptions have been provided by the District.