CWC LA - Cash Balance (October 2012)

Transcription

1 CWC LA - Cash Balance (October 2012) 1,200,000 Cash Balance 1,000, ,000 ($1,000s) 600, , ,000 - (200,000) CWC LA - Actuals/Projected CWC LA - ed 1 1

2 CWC Hollywood - Financial Dashboard (October 2012) ($1,000s) $450 $400 $350 $300 $250 $200 $150 $100 $50 $- $(50) Cash Balance Income Statement Actual YTD YTD YTD B/(W) Total Forecast % of Total Full Year Total % of Total B/(W) Principal Apportionment 206, ,045 (39,189) 1,296,092 54% 1,181,030 52% 115,062 Federal Revenue 11,501 13,135 (1,634) 130,756 5% 125,070 5% 5,686 State Revenue 55,437 60,939 (5,502) 350,254 15% 368,089 16% (17,835) Other Local Revenue 51,664 53,555 (1,891) 251,729 11% 242,563 11% 9,165 Grants/Fundraising 33,867 8,621 25, ,210 15% 360,200 16% 10 TOTAL REVENUE 359, ,296 (22,971) 2,389, % 2,276, % 112,088 Salaries & Benefits 387, ,497 (15,904) 1,472,439 65% 1,480,075 66% 7,637 Student Supplies 27,936 68,139 40, ,795 7% 176,882 8% 18,087 Operating Expenses 52, ,607 71, ,929 18% 423,152 19% 5,223 Other 25,521 58,062 32, ,513 9% 179,427 8% (34,085) Actual and Projected Cash (Approved) TOTAL EXPENSES 493, , ,514 2,262, % 2,259, % (3,138) Income/(Loss) (134,466) (240,009) 105, ,365 17, ,950 Y/E CASH BALANCE Projected Better / (Worse) Revenue / ADA Cost / ADA $ (7,079) $ 5,174 $ (12,253) Projected 9,428 Projected 8,929 $300 $200 $100 Income From Operations 8,984 8,915 Better / (Worse) 444 Better / (Worse) (14) STATE BUDGET UPDATE ($1,000s) $- $(100) $(200) $(300) $(400) $(500) After months of too-close-to-call polls, voters approved Proposition 30 by a decisive margin. The approved measure will temporarily increases sales tax and personal income tax on those making $250,000 or more, raising an estimated $6 billion annually. For schools, passage means that instead of the mid-year trigger cuts of 8.4% they had planned for, general purpose revenue rates will remain at roughly the same level as the prior year. Passage also means that there will be some easing of yearend revenue deferrals. However, it is important to note that schools are receiving 21.2% less than they should be in their monthly apportionments. The state reduced apportionments to free up cash for other state expenditures on the assumption that Prop 30 would pass and revenues from the tax measures would backfill the loss. This cash is not expected to arrive until July While Prop 30 s passage allows schools across the state to breathe a sigh of relief, threats to the state budget remain. Year-to-date revenues are $379 million behind the expected level and the Prop 30 revenue assumptions along with other revenue projections may be overly optimistic given the state of California s economy. ExED recommends that to the extent possible, schools use the restored revenue that Prop 30 provides to build reserves. On January 10, Governor Brown will unveil his budget and schools will get their next glimpse of what the future holds for California s education budget Actual Income Act & Proj Income (Approved) FY NET INCOME/ (LOSS) Projected Better / (Worse) $ 126,365 $ 17,415 $ 108,950 ADA The fate of two other tax measures became known on Election Day. Prop 38, which competed directly with Prop 30, failed with only about 25% of the vote, and Prop 39 passed with 60% of the vote. Prop 39 requires multistate businesses to calculate their California income tax liability based on the percentage of their California sales. Half the revenues from this proposition will be directed toward the Clean Energy Job Creation for the next five years. Since the other half will be used in calculating the Proposition 98 education funding guarantee, the Legislative Analyst s Office estimates that education funding will increase by $200 M to $500 M annually. With the election behind them, lawmakers at the federal level and the newly-reelected President must address the Bush-era tax cuts which will expire on December 31 and the automatic spending cuts that will be triggered if a deal is not reached to reduce the federal deficit. These sequestration cuts would reduce federal education funding by approximately 8.2% in ExED will continue to monitor state and federal budget issues and provide updates. ADA Average ADA ADA % 97.6% 96.0% 1.3% 97.3% P-1 ADA N/A P-2 ADA N/A Balance Sheet Analysis Prior Month Current Month Comment Cash 399, ,200 Accounts Receivable 25,723 22,320 Due from Others 0 2,581 Accounts Payable (Including Payroll) 23,539 (92) Due to Others 9,946 22,430 Available Line of Credit 0 0 Total Debt 0 0 Cash Ratio (Cash/CL) > 1 is good Quick Ratio ((Cash+AR)/CL) > 1 is good Debt-Equity Ratio - - < 1 is good Actual ADA ADA Debt Service Coverage Ratio (DSCR) N/A N/A > 1.1 is good Average ADA Average ADA Lease Payment Coverage Ratio > 1.35 is good Actuals As Interest Coverage Ratio N/A N/A > 1.5 is good of Month 2 Better / (Worse) Forecast Days Cash on Hand is good Enrollment

3 CWC Silverlake - Financial Dashboard (October 2012) ($1,000s) $700 $600 $500 $400 $300 $200 $100 $- $(100) $(200) Cash Balance Income Statement Actual YTD YTD YTD B/(W) Total Forecast % of Total Full Year Total % of Total B/(W) Principal Apportionment 524, ,409 (50,410) 1,206,226 55% 1,699,968 53% (493,742) Federal Revenue 23,607 18,907 4, ,071 6% 190,248 6% (68,177) State Revenue 146, ,063 35, ,878 20% 562,154 17% (121,275) Other Local Revenue 6,449 41,473 (35,024) 35,710 2% 189,286 6% (153,577) Grants/Fundraising 10,217 15,195 (4,978) 381,166 17% 576,000 18% (194,834) TOTAL REVENUE 711, ,048 (50,086) 2,186, % 3,217, % (1,031,604) Salaries & Benefits 371, , ,127 1,275,976 62% 1,873,557 61% 597,581 Student Supplies 100, ,761 32, ,485 10% 339,284 11% 139,800 Operating Expenses 89, ,724 95, ,952 18% 574,224 19% 196,271 Other 21,141 88,260 67, ,158 10% 264,943 9% 52,785 Actual and Projected Cash (Approved) TOTAL EXPENSES 582, , ,246 2,065, % 3,052, % 986,437 Income/(Loss) 129,410 (185,750) 315, , ,648 (45,167) Y/E CASH BALANCE Projected Better / (Worse) Revenue / ADA Cost / ADA $ (130,733) $ (126,769) $ (3,964) Projected 9,268 Projected 8,757 $200 $100 $- Income From Operations 8,820 8,366 Better / (Worse) 448 Better / (Worse) (391) STATE BUDGET UPDATE ($1,000s) $(100) $(200) $(300) $(400) $(500) $(600) After months of too-close-to-call polls, voters approved Proposition 30 by a decisive margin. The approved measure will temporarily increases sales tax and personal income tax on those making $250,000 or more, raising an estimated $6 billion annually. For schools, passage means that instead of the mid-year trigger cuts of 8.4% they had planned for, general purpose revenue rates will remain at roughly the same level as the prior year. Passage also means that there will be some easing of yearend revenue deferrals. However, it is important to note that schools are receiving 21.2% less than they should be in their monthly apportionments. The state reduced apportionments to free up cash for other state expenditures on the assumption that Prop 30 would pass and revenues from the tax measures would backfill the loss. This cash is not expected to arrive until July While Prop 30 s passage allows schools across the state to breathe a sigh of relief, threats to the state budget remain. Year-to-date revenues are $379 million behind the expected level and the Prop 30 revenue assumptions along with other revenue projections may be overly optimistic given the state of California s economy. ExED recommends that to the extent possible, schools use the restored revenue that Prop 30 provides to build reserves. On January 10, Governor Brown will unveil his budget and schools will get their next glimpse of what the future holds for California s education budget. FY NET INCOME/ (LOSS) Act & Proj Income (Approved) Projected Better / (Worse) $ 120,481 $ 165,648 $ (45,167) ADA The fate of two other tax measures became known on Election Day. Prop 38, which competed directly with Prop 30, failed with only about 25% of the vote, and Prop 39 passed with 60% of the vote. Prop 39 requires multistate businesses to calculate their California income tax liability based on the percentage of their California sales. Half the revenues from this proposition will be directed toward the Clean Energy Job Creation for the next five years. Since the other half will be used in calculating the Proposition 98 education funding guarantee, the Legislative Analyst s Office estimates that education funding will increase by $200 M to $500 M annually. With the election behind them, lawmakers at the federal level and the newly-reelected President must address the Bush-era tax cuts which will expire on December 31 and the automatic spending cuts that will be triggered if a deal is not reached to reduce the federal deficit. These sequestration cuts would reduce federal education funding by approximately 8.2% in ExED will continue to monitor state and federal budget issues and provide updates. ADA Average ADA (128.9) ADA % 93.3% 95.0% -0.1% 94.9% P-1 ADA N/A P-2 ADA N/A Balance Sheet Analysis Prior Month Current Month Comment Cash 557, ,670 Accounts Receivable 0 0 Due from Others Accounts Payable (Including Payroll) 12,127 1,890 Due to Others 9,152 21,636 Available Line of Credit 0 0 Total Debt 452, ,500 Cash Ratio (Cash/CL) > 1 is good Quick Ratio ((Cash+AR)/CL) > 1 is good Debt-Equity Ratio to 1 is good Actual ADA ADA Average ADA Debt Service Coverage Ratio (DSCR) N/A N/A > 1.1 is good Lease Payment Coverage Ratio N/A 1.67 > 1.35 is good Actuals As Interest Coverage Ratio N/A N/A > 1.5 is good of Month 2 Better / (Worse) Forecast Days Cash on Hand is good Enrollment (130.0)

4 Citizens of the World Los Angeles Forecast (Current) vs. vs. Prior Month Forecast FY Forecast (Current Month) FY FY Variance to (Better/(Worse) RSO HW SL Total RSO HW SL Total RSO HW SL Total Enrollment (130) (130) ADA (129) (129) REVENUE Revenue Limit Sources 8015 Charter School General Purpose - State Aid $ - $ 951,348 $ 885,385 $ 1,836,733 $ - $ 842,637 $ 1,212,887 $ 2,055,524 $ - $ 108,711 $ (327,502) $ (218,791) 8019 Charter Schools General Purpose - Prior Year In lieu of Property Taxes - 344, , , , , ,474-6,351 (166,240) (159,889) Total Revenue Limit Sources - 1,296,092 1,206,226 2,502,318-1,181,030 1,699,968 2,880, ,062 (493,742) (378,680) Other Federal Income 8181 Special Education - IDEA - 47,708 44,400 92,107-50,521 72, ,240 - (2,813) (28,320) (31,133) 8220 Child Nutrition (Federal) - 45,611 41,655 87,266-44,370 47,564 91,934-1,240 (5,909) (4,668) 8291 Title I, A, Basic Low Income - 23,756 29,158 52,914-20,486 59,597 80,083-3,270 (30,438) (27,169) 8292 Title II, A Teacher Quality - 7,128 6,858 13,986-7,128 10,368 17, (3,510) (3,510) 8293 Title II, D EETT Title III, Limited English (LEP) - 2,565-2,565-2,565-2, Title V, A Innovative Education Title V, B Charter Schools Grants - 3,989-3, ,989-3, Other Federal Income Total Other Federal Income - 130, , , , , ,318-5,686 (68,177) (62,491) Other State Income 8311 Special Ed - AB , , , , , ,216 - (6,701) (81,984) (88,685) 8312 Supplemental Hours Class Size Reduction (K-3) Child Nutrition (State) - 3,424 3,140 6,564-3,443 4,046 7,489 - (19) (906) (925) 8560 State Lottery Revenue - 35,608 33,139 68,748-35,608 51,254 86, (18,115) (18,115) 8590 Charter Sch Categorical Blk Gr - 134, , , , , ,658 - (13,622) (75,241) (88,863) 8591 SB , , ,500 37, ,345 71, Art and Music Block Grant Secondary School Counselors Other State Revenue - 34,695 29,955 64,650-32,187 46,330 78,516-2,508 (16,374) (13,866) Total Other State Income - 350, , , , , ,242 - (17,835) (121,275) (139,110) Other Income-Local 8634 Food Service Sales - 35,893 35,710 71,603-37,357 49,766 87,124 - (1,464) (14,057) (15,520) 8660 Interest Income ,744 3,950 6,694 - (2,744) (3,950) (6,694) 8690 All Other Income (afterschool, summer school, Enrichment) - 205, , , , ,032-3,008 (135,570) (132,562) 8698 Grants Fundraising - 360, , , , , , (194,834) (194,824) 8999 Prior Year Adjustments - 10,365-10, ,365-10,365 Total Other Income-Local - 611, ,876 1,028, , ,286 1,368,050-9,176 (348,411) (339,235) TOTAL REVENUE - 2,389,041 2,186,052 4,575,092-2,276,952 3,217,656 5,494, ,088 (1,031,604) (919,516) 4 1

5 Citizens of the World Los Angeles Forecast (Current) vs. vs. Prior Month Forecast EXPENSE FY Forecast (Current Month) FY FY Variance to (Better/(Worse) RSO HW SL Total RSO HW SL Total RSO HW SL Total 1000 Certificated Salaries 1110 Teachers Salaries - 705, ,248 1,340, , ,000 1,583,628 - (1,476) 244, , Teachers Subs - 21,450 11,850 33,300-21,450-21, (11,850) (11,850) 1175 Teachers - Extra Duty/Stipend - 5,500 2,646 8,146-5,500-5, (2,646) (2,646) 1200 Certificated Pupil Support Certificated School Administrators 99, , , , ,700 90,850 90, ,550 37,916 (18,296) (92,355) (72,735) 1900 Other Certificated ,000 65, ,000 65,000 Total 1000 Certificated Salaries 99, , ,100 1,773, , ,428 1,035,000 1,994,128 37,916 (19,771) 202, , Classified Salaries 2100 Instructional Aides - 233, , , , , ,448 - (5,511) 114, , Classified Support (maintenance, food) - (140) 2,804 2,664-3,975 7,000 10,975-4,115 4,196 8, Classified School Administrators Clerical/Technical/Office 26,920 78,366 46, ,973 73,950 65,872 64, ,322 47,030 (12,493) 17,813 52, Other Classified (noon and yard supervisors, etc) - 94,676 6, , , , ,986-19, , ,650 Total 2000 Classified Salaries 26, , , ,668 73, , ,020 1,001,732 47,030 5, , , Employee Benefits 3111 STRS 8,240 68,973 68, ,869 11,360 67,768 85, ,516 3,120 (1,205) 16,732 18, PERS Social Security (OASDI) 1,669 25,673 16,440 43,782 4,585 25,529 31,993 62,107 2,916 (144) 15,553 18, Medicare 1,839 18,111 15,902 35,851 3,069 17,881 22,490 43,440 1,230 (229) 6,587 7, H & W Payment (medical, dental, vision insurance) ,344 61, ,987 8,376 97, , ,440 7,440 4,135 72,878 84, SUI Payment Account 1,395 13,739 12,065 27,198 2,328 13,565 17,061 32, (174) 4,996 5, Wkr Comp Payment Account 15,064 5,380 5,379 25,823 4,233 24,664 31,020 59,917 (10,831) 19,284 25,641 34, B , ,219 2, , Other Benefits Total 3000 Employee Benefits 29, , , ,510 36, , , ,593 7,027 21, , , Supplies 4110 Textbooks - 22,440 36,640 59,080-29,387 48,000 77,387-6,947 11,360 18, Other Books and Reference Materials ,338 26,231-2,305 11,520 13,825-1,412 (13,818) (12,406) 4310 Instructional Materials - 26,491 30,990 57,481-26,111 71,040 97,151 - (381) 40,050 39, Office Supplies 2,000 12,323 10,668 24,991 2,000 12,677 34,560 49, ,892 24, Custodial Supplies 3, ,000 5, ,000 5,584 (3,000) 28 3, Other Supplies - 15,241 15,000 30,241-12,986 20,000 32,986 - (2,255) 5,000 2, Noncapitalized Furniture/Equipment - 5,000 7,591 12,591-15,000 26,200 41,200-10,000 18,609 28, Food Supplies - 75,850 71, ,108-77, , ,796-1,981 51,707 53, Food for School Lunch Program Food Supplies Total 4000 Supplies 5, , , ,279 2, , , ,166 (3,000) 18, , ,

6 Citizens of the World Los Angeles Forecast (Current) vs. vs. Prior Month Forecast FY Forecast (Current Month) FY FY Variance to (Better/(Worse) RSO HW SL Total RSO HW SL Total RSO HW SL Total 5000 Operating Services 5200 Travel and Conferences 1,500 3,500-5,000 1,500 3,500 5,000 10, ,000 5, Dues and Fees - 4,450 6,250 10,700-6,874 19,412 26,286-2,424 13,162 15, Insurance (property, student accident, board) 16,905 6,039 6,038 28,982-15,719 13,440 29,159 (16,905) 9,680 7, Utilities and Housekeeping 86, ,000 88, ,000 14,000 (86,861) (141) 13,000 (74,002) 5610 Building Rent - 104, , ,452-76, , ,508 - (27,390) 9,446 (17,944) 5620 Equipment Rental - 5,184 6,000 11,184-5,306 6,000 11, Vendor Repairs - 3,135 3,000 6,135-3,135 10,000 13, ,000 7, Pupil Transportation - General - 4,700 5,000 9,700-4,700 9,000 13, ,000 4, Legal/Audit 14,000 3,600 13,500 31,100 14,000 6,000 13,500 33,500-2,400-2, Advertisement/Recruitment - 1,765 5,000 6,765-1,869 5,000 6, Non-Instructional Consultants 2,500 18,662 5,000 26,162 10,000 18,546 49,000 77,546 7,500 (116) 44,000 51, Instructional Consultants - 164,592 44, , ,728 85, ,848-20,136 41,020 61, ExED 112,166 4,414 6, , , ,000 17,834 (4,414) (6,420) 7, Other Services & Operating Expe - 6,560 10,000 16,560-2,845 10,000 12,845 - (3,715) - (3,715) 5891 Factoring Fees Fair Share Special Education Cost - 75,961 70, ,655-79, , ,582-3,806 44,121 47, Fundraising Cost - 5,093 7,620 12,713-5,000 20,160 25,160 - (93) 12,540 12, Communications (tele, internet, postage) - 6,013 8,000 14,013-8,432 10,000 18,432-2,419 2,000 4, Telephone/Internet Expense Internet Expense Postage (UPS, Fedex, US Mail) Total 5000 Operating Services 233, , ,952 1,029, , , ,224 1,152,876 (78,432) 5, , , Capital Outlay 6900 Depreciation ,336-1,007 5,667 6, ,125 5,339 Total 6000 Capital Outlay ,336-1,007 5,667 6, ,125 5, Other Outgo 7299 District Oversight Fee - 15,388 14,168 29,556-13,290 19,087 32,377 - (2,098) 4,919 2, INDIRECT COSTS (Transferred to Central Admin) (394,779) 197, ,448 - (405,320) 165, ,189 - (10,541) (32,201) 42, Debt Service - Interest Total 7000 Other Outgo (394,779) 212, ,616 29,556 (405,320) 178, ,276 32,377 (10,541) (34,299) 47,660 2,820 TOTAL EXPENSES - 2,262,675 2,065,571 4,328,246-2,259,537 3,052,008 5,311,545 - (3,138) 986, ,299 NET INCOME - 126, , ,846-17, , , ,950 (45,167) 63,783 Beginning Cash Balance - 200,238 9, ,401-90,428-90, ,810 9, ,973 Cash Flow from Operating Activities Net Income - 126, , ,846-17, , , ,950 (45,167) 63,783 Change in Accounts Receivable Prior Year Accounts Receivable - 336, , , ,445 - (61,314) - (61,314) Current Year Accounts Receivable - (714,522) (679,107) (1,393,628) - (518,465) (735,892) (1,254,357) - (196,056) 56,785 (139,272) Change in Due from (1,040) (2,581) (961) (4,582) (1,040) (2,581) (961) (4,582) Change in Accounts Payable - 35,241 22,052 57,294-17,344 67,808 85,152-17,897 (45,756) (27,858) Change in Due to - 17,482 21,636 39, ,482 21,636 39,118 Summer Savings Program - (5,000) - (5,000) (5,000) - (5,000) Change in Payroll Liaibilities 1,041 (1,172) 1,727 1, ,041 (1,172) 1,727 1,595 Prepaid Expenditures - (56) (13,766) (13,822) (56) (13,766) (13,822) Deferred Revenue Depreciation Expense ,336-1,007 5,667 6,674 - (213) (5,125) (5,338) Cash Flow from Investing Activities Capital Expenditures - - (65,000) (65,000) - - (80,000) (80,000) ,000 15,000 Cash Flow from Financing Activities Source , , , , ,500 2,500 Use Ending Cash Balance 1 (7,079) (130,733) (137,811) - 5,174 (126,769) (121,595) 1 (12,253) (3,964) (16,216) 5% of Expenses Reserve Target - 113, , , , , ,

7 Citizens of the World Los Angeles Forecast (Current) vs. vs. Prior Month Forecast FY Forecast (Current Month) RSO HW SL Total Enrollment ADA REVENUE Revenue Limit Sources 8015 Charter School General Purpose - State Aid $ - $ 951,348 $ 885,385 $ 1,836, Charter Schools General Purpose - Prior Year In lieu of Property Taxes - 344, , ,585 Total Revenue Limit Sources - 1,296,092 1,206,226 2,502, Other Federal Income 8181 Special Education - IDEA - 47,708 44,400 92, Child Nutrition (Federal) - 45,611 41,655 87, Title I, A, Basic Low Income - 23,756 29,158 52, Title II, A Teacher Quality - 7,128 6,858 13, Title II, D EETT Title III, Limited English (LEP) - 2,565-2, Title V, A Innovative Education Title V, B Charter Schools Grants - 3,989-3, Other Federal Income Total Other Federal Income - 130, , , Other State Income 8311 Special Ed - AB , , , Supplemental Hours Class Size Reduction (K-3) Child Nutrition (State) - 3,424 3,140 6, State Lottery Revenue - 35,608 33,139 68, Charter Sch Categorical Blk Gr - 134, , , SB , , Art and Music Block Grant Secondary School Counselors Other State Revenue - 34,695 29,955 64,650 Total Other State Income - 350, , , Other Income-Local 8634 Food Service Sales - 35,893 35,710 71, Interest Income All Other Income (afterschool, summer school, Enrichment) - 205, , Grants Fundraising - 360, , , Prior Year Adjustments - 10,365-10,365 Total Other Income-Local - 611, ,876 1,028,815 TOTAL REVENUE - 2,389,041 2,186,052 4,575,092 FY Prior Month Forecast FY Variance to Prior Month (Better/(Worse) RSO HW SL Total RSO HW SL Total (5) (4) $ - $ 838,737 $ 801,777 $ 1,640,514 $ - $ 112,611 $ 83,608 $ 196, , , ,592-1,383 (7,390) (6,007) - 1,182,098 1,130,008 2,312, ,994 76, ,212-47,516 45,422 92, (1,023) (831) - 45,611 42,602 88, (947) (947) - 23,756 29,158 52, ,128 6,858 13, ,565-2, ,989-3, , , , (1,969) (1,778) - 141, , , (3,048) (2,478) - 3,424 3,211 6, (71) (71) - 35,465 33,903 69, (763) (620) - 133, , , (2,173) (1,766) , , ,566 30,645 65, (690) (561) - 349, , ,629-1,249 (6,746) (5,496) - 35,894 32,918 68,812 - (0) 2,791 2, , ,470 - (0) - (0) - 360, , , ,365-10, , ,918 1,025, ,958 2,958-2,273,606 2,115,591 4,389, ,435 70, ,

8 Citizens of the World Los Angeles Forecast (Current) vs. vs. Prior Month Forecast EXPENSE FY Forecast (Current Month) RSO HW SL Total 1000 Certificated Salaries 1110 Teachers Salaries - 705, ,248 1,340, Teachers Subs - 21,450 11,850 33, Teachers - Extra Duty/Stipend - 5,500 2,646 8, Certificated Pupil Support Certificated School Administrators 99, , , , Other Certificated Total 1000 Certificated Salaries 99, , ,100 1,773, Classified Salaries 2100 Instructional Aides - 233, , , Classified Support (maintenance, food) - (140) 2,804 2, Classified School Administrators Clerical/Technical/Office 26,920 78,366 46, , Other Classified (noon and yard supervisors, etc) - 94,676 6, ,336 Total 2000 Classified Salaries 26, , , , Employee Benefits 3111 STRS 8,240 68,973 68, , PERS Social Security (OASDI) 1,669 25,673 16,440 43, Medicare 1,839 18,111 15,902 35, H & W Payment (medical, dental, vision insurance) ,344 61, , SUI Payment Account 1,395 13,739 12,065 27, Wkr Comp Payment Account 15,064 5,380 5,379 25, B Other Benefits Total 3000 Employee Benefits 29, , , , Supplies 4110 Textbooks - 22,440 36,640 59, Other Books and Reference Materials ,338 26, Instructional Materials - 26,491 30,990 57, Office Supplies 2,000 12,323 10,668 24, Custodial Supplies 3, ,000 5, Other Supplies - 15,241 15,000 30, Noncapitalized Furniture/Equipment - 5,000 7,591 12, Food Supplies - 75,850 71, , Food for School Lunch Program Food Supplies Total 4000 Supplies 5, , , ,279 FY Prior Month Forecast FY Variance to Prior Month (Better/(Worse) RSO HW SL Total RSO HW SL Total - 705, ,457 1,340, ,450 3,000 24, (8,850) (8,850) - 5,500 2,750 8, , , , ,821 (0) 5, ,536 99, , ,622 1,770,081 (0) 5,477 (8,478) (3,002) - 234, , , ,190 5,155-2,720 3,131 5,851-2, ,187 31,212 75,986 40, ,120 4,292 (2,379) (5,765) (3,852) - 93,429 1,863 95,292 - (1,246) (4,797) (6,043) 31, , , ,115 4, (6,045) (1,554) 8,232 69,740 68, ,009 (8) 767 (618) 141 1,935 24,552 16,885 43, (1,121) 445 (409) 1,899 18,199 15,695 35, (208) (58) 2,250 93,344 61, ,301 1, ,314 1,441 13,806 11,907 27, (158) (44) 15,064 5,380 5,380 25,824 - (1) , , , ,454 1,679 (198) (537) ,440 36,750 59, ,216 26,088 - (21) (122) (143) - 26,491 30,990 57, ,000 12,323 10,668 24, , ,000 5, ,241 15,000 30, ,000 12,036 17, ,445 4,445-77,392 72, ,087-1,542 1,437 2,979 5, , , ,670-1,521 5,870 7,

9 Citizens of the World Los Angeles Forecast (Current) vs. vs. Prior Month Forecast FY Forecast (Current Month) RSO HW SL Total 5000 Operating Services 5200 Travel and Conferences 1,500 3,500-5, Dues and Fees - 4,450 6,250 10, Insurance (property, student accident, board) 16,905 6,039 6,038 28, Utilities and Housekeeping 86, ,000 88, Building Rent - 104, , , Equipment Rental - 5,184 6,000 11, Vendor Repairs - 3,135 3,000 6, Pupil Transportation - General - 4,700 5,000 9, Legal/Audit 14,000 3,600 13,500 31, Advertisement/Recruitment - 1,765 5,000 6, Non-Instructional Consultants 2,500 18,662 5,000 26, Instructional Consultants - 164,592 44, , ExED 112,166 4,414 6, , Other Services & Operating Expe - 6,560 10,000 16, Factoring Fees Fair Share Special Education Cost - 75,961 70, , Fundraising Cost - 5,093 7,620 12, Communications (tele, internet, postage) - 6,013 8,000 14, Telephone/Internet Expense Internet Expense Postage (UPS, Fedex, US Mail) Total 5000 Operating Services 233, , ,952 1,029, Capital Outlay 6900 Depreciation ,336 Total 6000 Capital Outlay , Other Outgo 7299 District Oversight Fee - 15,388 14,168 29, INDIRECT COSTS (Transferred to Central Admin) (394,779) 197, , Debt Service - Interest Total 7000 Other Outgo (394,779) 212, ,616 29,556 TOTAL EXPENSES - 2,262,675 2,065,571 4,328,246 NET INCOME - 126, , ,846 Beginning Cash Balance - 200,238 9, ,401 Cash Flow from Operating Activities Net Income - 126, , ,846 Change in Accounts Receivable Prior Year Accounts Receivable - 336, ,131 Current Year Accounts Receivable - (714,522) (679,107) (1,393,628) Change in Due from (1,040) (2,581) (961) (4,582) Change in Accounts Payable - 35,241 22,052 57,294 Change in Due to - 17,482 21,636 39,118 Summer Savings Program - (5,000) - (5,000) Change in Payroll Liaibilities 1,041 (1,172) 1,727 1,595 Prepaid Expenditures - (56) (13,766) (13,822) Deferred Revenue Depreciation Expense ,336 Cash Flow from Investing Activities Capital Expenditures - - (65,000) (65,000) Cash Flow from Financing Activities Source , ,500 Use Ending Cash Balance 1 (7,079) (130,733) (137,811) 5% of Expenses Reserve Target - 113, , ,412 FY Prior Month Forecast FY Variance to Prior Month (Better/(Worse) RSO HW SL Total RSO HW SL Total 1,500 3,500-5, ,450 6,250 10, ,905 6,039 6,039 28,982 - (1) 1-86, ,000 88, , , , ,184 6,000 11, ,135 3,000 6, ,700 5,000 9, ,000 3,600 13,500 31, ,765 5,000 6, ,500 18,662 5,000 26, ,592 53, , ,000 9, ,166 4,414 6, ,000 (0) - - (0) - 6,560 10,000 16, ,656 72, ,978 - (305) 1,628 1,323-5,093 7,620 12, ,013 8,000 14, , , ,581 1,040,137 (0) (305) 10,628 10, , , ,036 9,923 23,959 - (1,352) (4,245) (5,597) (400,749) 200, ,433 - (5,970) 2,985 2,985 - (400,749) 214, ,356 23,959 (5,970) 1,633 (1,260) (5,597) - 2,271,002 2,065,749 4,336,751-8, ,505-2,604 49,842 52, ,761 70, , ,238 9, , ,604 49,842 52, ,761 70, , , , (526,297) (570,108) (1,096,405) - (188,225) (108,999) (297,224) (16,250) - - (16,250) 15,210 (2,581) (961) 11,668 16,250 34,184 25,443 75,878 (16,250) 1,058 (3,391) (18,584) - 4,998 9,152 14,150-12,484 12,484 24,968 - (5,000) - (5,000) ,624 3,045 1,041 (1,593) (897) (1,449) - 60 (13,677) (13,617) - (115) (90) (205) , (65,000) (65,000) , , ,132 (99,519) (51,387) 1 (55,211) (31,214) (86,424) - 113, , ,

10 CITIZENS OF THE WORLD LOS ANGELES - REGIONAL SUPPORT OFFICE CASH FLOW FORECAST INCOME Total Enrollment FORECAST Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Accrual Jul '12 - Jun 13 Enter Apportionment Schedule Scenario P-2 P-2 P-2 P-2 P-2 P-2 P-2 P-1 P-1 P-1 P-1 P Revenue Limit Sources SSC Planning Apportionment 0% 0% 12% 0% 9% 9% 25% /26 2/39 64/83 6% 12% 8% 8% 8% 8% 8% 1/3 1/6 1/6 1/6 1/6 # of school days # of pay period days BUDGET # 8015 Charter School General Purpose - State Aid 0% # 8019 Charter Schools General Purpose - Prior Year % # 8096 In lieu of Property Taxes 0% Total Revenue Limit Sources 0% Other Federal Income % # 8181 Special Education - IDEA 0% # 8220 Child Nutrition (Federal) % # 8291 Title I, A, Basic Low Income - 0% # 8292 Title II, A Teacher Quality - 0% # 8293 Title II, D EETT % # 8294 Title III, Limited English (LEP) % # 8295 Title V, A Innovative Education - 0% # 8296 Title V, B Charter Schools Grants % # 8297 Other Federal Income % Total Other Federal Income 0% Other State Income % # 8311 Special Ed - AB 602 0% # 8312 Supplemental Hours 0% # 8434 Class Size Reduction (K-3) 0% # 8520 Child Nutrition (State) % # 8560 State Lottery Revenue - 0% # 8590 Charter Sch Categorical Blk Gr 0% # 8591 SB740 0% # 8593 Art and Music Block Grant % # 8595 Secondary School Counselors % # 8599 Other State Revenue 0% Total Other State Income 0% Other Income-Local % # 8634 Food Service Sales % # 8660 Interest Income % # 8690 All Other Income (afterschool, summer school, Enrichm % # 8698 Grants % # 8699 Fundraising % # 8999 Prior Year Adjustments 0% Total Other Income-Local 0% TOTAL INCOME 0% EXPENSE % 1000 Certificated Salaries % # 1110 Teachers Salaries % # 1170 Teachers Subs % # 1175 Teachers - Extra Duty/Stipend % # 1200 Certificated Pupil Support % # 1300 Certificated School Administrators 137, ,417 14,042 11,475 11,475 11,475 11,475 11,475 11,475 11,475 99,784 (37,916) -28% # 1900 Other Certificated % Total 1000 Certificated Salaries 137, ,417 14,042 11,475 11,475 11,475 11,475 11,475 11,475 11,475-99,784 (37,916) -28% 2000 Classified Salaries - - 0% # 2100 Instructional Aides % # 2200 Classified Support (maintenance, food) % # 2300 Classified School Administrators % # 2400 Clerical/Technical/Office 73, ,320 3,200 3,200 3,200 3,200 3,200 3,200 3,200 3,200 26,920 (47,030) -64% Variance from % Change 10

11 CITIZENS OF THE WORLD LOS ANGELES - REGIONAL SUPPORT OFFICE CASH FLOW FORECAST BUDGET Total Enrollment FORECAST Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Accrual Jul '12 - Jun 13 # 2900 Other Classified (noon and yard supervisors, etc) % Total 2000 Classified Salaries 73, ,320 3,200 3,200 3,200 3,200 3,200 3,200 3,200 3,200-26,920 (47,030) -64% 3000 Employee Benefits - - 0% # 3111 STRS 11, , ,240 (3,120) -27% # 3212 PERS 0% # 3311 Social Security (OASDI) 4, ,669 (2,916) -64% # 3331 Medicare 3, ,839 (1,230) -40% # 3401 H & W Payment (medical, dental, vision insurance) 8, (7,440) -89% # 3501 SUI Payment Account 2, ,395 (934) -40% # 3601 Wkr Comp Payment Account 4, ,152-4,304 2,152 2,152 2,152 2,152 15,064 10, % # B 2, (2,219) -100% # 3902 Other Benefits % Total 3000 Employee Benefits 36, , ,205 3,775 3,775 3,775 3,775 1,623 1,623 1,623-29,143 (7,027) -19% 4000 Supplies - - 0% # 4110 Textbooks % # 4210 Other Books and Reference Materials % # 4310 Instructional Materials % # 4350 Office Supplies 2, ,000-0% # 4370 Custodial Supplies ,000 3,000 0% # 4390 Other Supplies % # 4400 Noncapitalized Furniture/Equipment % # 4700 Food Supplies 0% # 4710 Food for School Lunch Program % # 4790 Food Supplies % Total 4000 Supplies 2, ,000 3, % 5000 Operating Services - - 0% # 5200 Travel and Conferences 1, ,500-0% # 5300 Dues and Fees % # 5450 Insurance (property, student accident, board) ,415-4,830 2,415 2,415 2,415 2,415 16,905 16,905 0% # 5500 Utilities and Housekeeping ,858 10,858 10,858 10,858 10,858 10,858 10,858 10,858 86,861 86,861 0% # 5610 Building Rent ,284 (7,284) - - 0% # 5620 Equipment Rental % # 5630 Vendor Repairs % # 5812 Pupil Transportation - General % # 5820 Legal/Audit 14,000-1,937 4,399-4,864 2,800 14,000-0% # 5830 Advertisement/Recruitment % # 5850 Non-Instructional Consultants 10, ,500 (7,500) -75% # 5851 Instructional Consultants % # 5853 ExED 130, ,101 10,133 10,133 10,133 10,133 10,133 10,133 10,133 10, ,166 (17,834) -14% # 5890 Other Services & Operating Expe % 5891 Factoring Fees % # 5896 Fair Share Special Education Cost 0% # 5897 Fundraising Cost % # 5900 Communications (tele, internet, postage) % # 5910 Telephone/Internet Expense % # 5920 Internet Expense % # 5930 Postage (UPS, Fedex, US Mail) % Total 5000 Operating Services 155,500-1,937 14,098 (7,284) 47,288 23,906 28,770 23,906 23,906 24,291 21,491 21,491 10, ,932 78,432 50% 6000 Capital Outlay - - 0% # 6900 Depreciation % Total 6000 Capital Outlay 0% 7000 Other Outgo - - 0% # 7299 District Oversight Fee 0% # 7310 INDIRECT COSTS (Transferred to RSO) (405,320) - (1,937) (16,250) (268) (71,359) (42,981) (47,845) (42,981) (42,981) (41,214) (38,414) (38,414) (10,133) (394,779) 10,541-3% # 7438 Debt Service - Interest % Total 7000 Other Outgo (405,320) - (1,937) (16,250) (268) (71,359) (42,981) (47,845) (42,981) (42,981) (41,214) (38,414) (38,414) (10,133) (394,779) 10,541 0% Total Expenses 0% - - 0% NET INCOME 0% Variance from % Change 11

12 CITIZENS OF THE WORLD LOS ANGELES - REGIONAL SUPPORT OFFICE CASH FLOW FORECAST BUDGET Total Enrollment FORECAST Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Accrual Jul '12 - Jun 13 Variance from - - 0% Beginning Cash Balance (1,937) (1,937) % Cash Flow from Operating Activities - - 0% Net Income 0% Change in Accounts Receivable - - 0% Prior Year Accounts Receivable - 0% Current Year Accounts Receivable % Change in Due from - (1,937) (16,250) 17,148 (1,040) (1,040) 0% Change in Accounts Payable ,250 (16,250) % Change in Due to % Change in Payroll Liaibilities - 1,041 1,041 1,041 0% Prepaid Expenditures % Deferred Revenue % Depreciation Expense % Cash Flow from Investing Activities % Capital Expenditures % Cash Flow from Financing Activities % Source % Use % Ending Cash Balance - - (1,937) (1,937) % % Change Ending Cash Balance - Actuals/Projected 5% Reserve: - CWC SL 218, , , , , , , , ,491 8,856 (895) (130,733) CWC HW 133, , , , , , , , , ,246 59,877 (7,079) CWC RSO - (1,937) (1,937) CWC LA - Actuals/Projected 352, , , , , , , , , ,103 58,984 (137,811) 12

13 CITIZENS OF THE WORLD CHARTER SCHOOL HOLLYWOOD CASH FLOW FORECAST INCOME FORECAST Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Accrual Jul '12 - Jun 13 Total Enrollment % 264 Enter Apportionment Schedule Scenario P-2 P-2 P-2 P-2 P-2 P-2 P-2 P-1 P-1 P-1 P-1 P Proposed Apportionment (Taxes Pass) 0% 2% ADVANCE 13% APPORTIONMENT 5% FIGURES 9% USED 9% 17% / / Revenue Limit Sources 6% 12% 8% 8% 8% 8% 8% 1/3 1/6 1/6 1/6 1/6 # of school days # of pay period days BUDGET # 8015 Charter School General Purpose - State Aid 842, ,436 42,223 22,816 42,223 51,298 81,551 44,057-22, , , , % 838, ,611 # 8019 Charter Schools General Purpose - Prior Year % - - # 8096 In lieu of Property Taxes 338,393 14,506 29,011 19,341 19,341 55,190 26,169 26,169 26,169 42,949 21,475 21,475 21,475 21, ,744 6, % 343,361 1,383 Total Revenue Limit Sources 1,181,030 14,506 29, ,777 61,564 78,006 68,392 77, ,721 87,006 21,475 43,503 21, ,190 1,296, , % 1,182, , Other Federal Income % - - # 8181 Special Education - IDEA 50,521 2,030 4,059 2,706 2,706 7,723 3,662 3,662 3,662 5,833 2,917 2,917 2,917 2,917 47,708 (2,813) -5.6% 47, # 8220 Child Nutrition (Federal) 44, ,561 4,561 4,561 4,561 4,561 4,561 18,244 45,611 1, % 45,611 - # 8291 Title I, A, Basic Low Income 20, ,502 9,502 4,751 23,756 3, % 23,756 - # 8292 Title II, A Teacher Quality 7, ,851 2,851 1,426 7, % 7,128 - # 8293 Title II, D EETT 0.0% - - # 8294 Title III, Limited English (LEP) 2, ,565 2, % 2,565 - # 8295 Title V, A Innovative Education % - - # 8296 Title V, B Charter Schools Grants ,989 3,989 3, % 3,989 - # 8297 Other Federal Income 0.0% - - Total Other Federal Income 125,070 2,030 4,059 2,706 2,706 7,723 3,662 17,725 8,223 13,245 7,478 20,969 12,894 27, ,756 5, % 130, Other State Income % - - # 8311 Special Ed - AB ,896 6,011 12,022 8,014 8,014 22,870 10,844 10,844 10,844 17,578 8,789 8,789 8,789 8, ,195 (6,701) -4.5% 141, # 8312 Supplemental Hours 0.0% - - # 8434 Class Size Reduction (K-3) - 0.0% - - # 8520 Child Nutrition (State) 3, ,027 3,424 (19) -0.6% 3,424 - # 8560 State Lottery Revenue 35, ,902 8,902 17,804 35, % 35, # 8590 Charter Sch Categorical Blk Gr 147, ,433 7,942 4,292 7,942 12,504 15,341 9,071-4,536-59, ,332 (13,622) -9.2% 133, # 8591 SB % - - # 8593 Art and Music Block Grant 0.0% - - # 8595 Secondary School Counselors 0.0% - - # 8599 Other State Revenue 32, ,488 16,104 16,104 34,695 2, % 34, Total Other State Income 368,089 6,011 12,022 21,447 15,956 27,162 21,617 32,593 26,527 26,991 18,033 29,770 9, , ,254 (17,835) -4.8% 349,005 1, Other Income-Local % - - # 8634 Food Service Sales 37, ,107 1,103 5,840 3,769 3,769 3,571 3,571 2,777 3,968 3,373 35,893 (1,464) -3.9% 35,894 (0) # 8660 Interest Income 2, (2,744) % - - # 8690 All Other Income (afterschool, summer school, Enrich 202,462 4,418-21,176 10,449 28,899 21,360 21,360 20,236 20,236 15,739 22,485 19, ,470 3, % 205,470 (0) # 8698 Grants % - - # 8699 Fundraising 360, ,196 17,641 35,840 76,362 47,217 22,771 13,365 98,144 32, , % 360,209 1 # 8999 Prior Year Adjustments - - 1,159 9, ,365 10, % 10,365 - Total Other Income-Local 602,763 4,478 1,174 50,685 29,193 70, ,492 72,347 46,578 37, ,660 59,024 22, ,939 9, % 611,939 0 TOTAL INCOME 2,276,952 27,024 46, , , , , , , , , ,267 66, ,522 2,389, , % 2,273, ,435 EXPENSE % Certificated Salaries % - - # 1110 Teachers Salaries 703,628-33,903 68,222 61,458 64,782 68,106 68,106 68,106 68,106 68,106 68,106 68, ,103 1, % 705,103 - # 1170 Teachers Subs 21, ,641 3,915 2,937 1,565 1,565 1,565 1,565 1,565 1,565 1,565 21, % 21,450 - # 1175 Teachers - Extra Duty/Stipend 5, , % 5,500 - # 1200 Certificated Pupil Support % - - # 1300 Certificated School Administrators 90,850 18,404 18,404 4,088 7,583 7,583 7,583 7,583 7,583 7,583 7,583 7,583 7, ,146 18, % 114,622 (5,477) # 1900 Other Certificated % - - Total 1000 Certificated Salaries 821,428 18,404 52,307 75,951 72,956 75,989 77,942 77,942 77,942 77,942 77,942 77,942 77, ,199 19, % 846,676 (5,477) Variance from % Change Previous Month Forecast Variance b/t FC and Prior Month FC 13

14 CITIZENS OF THE WORLD CHARTER SCHOOL HOLLYWOOD CASH FLOW FORECAST BUDGET FORECAST Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Accrual Jul '12 - Jun 13 Total Enrollment % Classified Salaries % - # 2100 Instructional Aides 227,608-4,718 20,155 22,586 21,068 25,018 25,018 23,701 23,701 18,434 26,335 22, ,119 5, % 234,084 (965) # 2200 Classified Support (maintenance, food) 3, ,990 (2,860) (140) (4,115) % 2,720 (2,860) # 2300 Classified School Administrators % - - Variance from % Change Previous Month Forecast Variance b/t FC and Prior Month FC # 2400 Clerical/Technical/Office 65, ,536 4,070 11,283 7,343 7,343 7,343 7,343 7,343 7,343 7,343 7,343 78,366 12, % 75,986 2,379 # 2900 Other Classified (noon and yard supervisors, etc) 114, ,650 9,281 10,764 8,015 9,518 9,518 9,017 9,017 7,013 10,019 8,516 94,676 (19,630) -17.2% 93,429 1,246 Total 2000 Classified Salaries 411,762 1,225 12,494 35,496 41,773 36,425 41,878 41,878 40,061 40,061 32,790 43,696 38, ,020 (5,741) -1.4% 406,220 (200) 3000 Employee Benefits % - # 3111 STRS 67,768 1,536 4,450 6,003 5,704 6,269 6,430 6,430 6,430 6,430 6,430 6,430 6,430-68,973 1, % 69,740 (767) # 3212 PERS 0.0% - - # 3311 Social Security (OASDI) 25, ,537 3,723 2,258 2,596 2,596 2,484 2,484 2,033 2,709 2,371-25, % 24,552 1,121 # 3331 Medicare 17, ,615 1,657 1,630 1,737 1,737 1,711 1,711 1,606 1,764 1,685-18, % 18,199 (89) # 3401 H & W Payment (medical, dental, vision insurance) 97, ,035 8,132 9,240 7,675 7,675 7,675 7,675 7,675 7,675 7,675 93,344 (4,135) -4.2% 93,344 - # 3501 SUI Payment Account 13, ,225 1,257 1,237 1,318 1,318 1,298 1,298 1,218 1,338 1,278-13, % 13,806 (67) # 3601 Wkr Comp Payment Account 24,664-8,607 2,152 (5,379) 5,380 (19,284) -78.2% 5,380 1 # B % - - # 3902 Other Benefits % - - Total 3000 Employee Benefits 246,886 2,326 37,603 20,664 16,202 19,070 19,758 19,758 19,598 19,598 18,962 19,917 11, ,219 (21,667) -8.8% 225, Supplies % - # 4110 Textbooks 29,387-1,813 3,175-17,452 22,440 (6,947) -23.6% 22,440 - # 4210 Other Books and Reference Materials 2, (1,412) -61.3% # 4310 Instructional Materials 26, ,219 1,680 2,824 2,824 2,824 2,824 2,824 2,824 2,824 2,824 26, % 26,491 - # 4350 Office Supplies 12, ,806 2, ,323 (354) -2.8% 12,323 - # 4370 Custodial Supplies (28) -4.7% # 4390 Other Supplies 12, ,338 1,143 1,143 1,143 1,143 1,143 1,143 1,143 1,143 15,241 2, % 15,241 - # 4400 Noncapitalized Furniture/Equipment 15, , ,000 (10,000) -66.7% 5,000 - # 4700 Food Supplies 77, ,494 8,355 7,036 8,355 8,355 7,915 7,915 6,156 8,795 7,475 75,850 (1,981) -2.5% 77,392 (1,542) # 4710 Food for School Lunch Program % - - # 4790 Food Supplies % - - Total 4000 Supplies 176,882-2,082 9,991 15,862 31,188 12,417 13,736 13,736 13,296 13,296 11,538 14,176 7, ,795 (18,087) -10.2% 160,315 (1,521) 5000 Operating Services % - # 5200 Travel and Conferences 3, ,000 (438) (438) (438) (438) (438) (438) (438) (438) 3, % 3,500 - # 5300 Dues and Fees 6,874-1,273-1, ,450 (2,424) -35.3% 4,450 - # 5450 Insurance (property, student accident, board) 15,719-9,662 2,415 (6,038) 6,039 (9,680) -61.6% 6,039 1 # 5500 Utilities and Housekeeping % # 5610 Building Rent 76, ,569 11,569 11,569 11,569 11,569 11,569 11,569 11,569 11, ,122 27, % 104,122 - # 5620 Equipment Rental 5, ,184 (122) -2.3% 5,184 - # 5630 Vendor Repairs 3, , % 3,135 - # 5812 Pupil Transportation - General 4, , % 4,700 - # 5820 Legal/Audit 6, ,600-3,600 (2,400) -40.0% 3,600 - # 5830 Advertisement/Recruitment 1, ,765 (104) -5.6% 1,765 - # 5850 Non-Instructional Consultants 18, ,575 2,135 2,135 2,135 2,135 2,135 2,135 2,135 2,135 18, % 18,662 - # 5851 Instructional Consultants 184, ,058 19,317 19,317 19,317 19,317 19,317 19,317 19,317 19, ,592 (20,136) -10.9% 164,592 - # 5853 ExED - - 4, ,414 4, % 4,414 - # 5890 Other Services & Operating Expe 2,845 - (330) 9 (278) ,560 3, % 6, Factoring Fees % - - # 5896 Fair Share Special Education Cost 79,767 3,216 6,432 4,288 4,288 12,237 5,802 5,802 5,802 9,364 4,682 4,682 4,682 4,682 75,961 (3,806) -4.8% 75, # 5897 Fundraising Cost 5, , , , % 5, # 5900 Communications (tele, internet, postage) 8, , ,013 (2,419) -28.7% 6,013 - # 5910 Telephone/Internet Expense % - - # 5920 Internet Expense % - - # 5930 Postage (UPS, Fedex, US Mail) % - - Total 5000 Operating Services 423,152 3,216 22,345 7,592 19,781 50,099 42,992 45,292 42,421 45,258 40,655 40,856 41,156 16, ,929 (5,223) -1.2% 417, Capital Outlay # 6900 Depreciation 1, (214) -21.2% Total 6000 Capital Outlay 1, (214) -21.2% Other Outgo % - # 7299 District Oversight Fee 13, , , ,435 15,388 2, % 14,036 1,352 # 7310 INDIRECT COSTS (Transferred to RSO) 165, ,125 12,484 23,330 21,491 23,923 21,491 21,491 20,607 19,207 19,207 5, ,331 32, % 200,316 (2,985) # 7438 Debt Service - Interest % - - Total 7000 Other Outgo 178, ,098 8,917 13,276 24,153 22,254 24,822 22,721 22,451 20,822 19,687 19,422 11, ,719 34, % 214,352 (1,633) Total Expenses 2,259,537 26, , , , , , , , , , , ,722 35,241 2,262,675 3, % 2,271,002 (8,327) NET INCOME 17, (82,854) 17,984 (70,451) (53,475) (22,098) (23,317) (27,451) (54,212) (40,842) (60,389) (136,666) 679, , ,950 2, ,