THE SCHOOL DISTRICT OF PALM BEACH COUNTY, FLORIDA

THE SCHOOL DISTRICT OF PALM BEACH COUNTY, FLORIDA EXECUTIVE SUMMARY OF THE 2011-2012 BUDGET (ALL FUNDS) SUBMITTED FOR TENTATIVE ADOPTION William F. Malone, Superintendent July 27, 2011

THE SCHOOL DISTRICT OF PALM BEACH COUNTY, FLORIDA EXECUTIVE SUMMARY OF THE 2011-2012 BUDGET (ALL FUNDS) BOARD MEMBERS Frank A. Barbieri, Jr., Esq., Chairman Debra L. Robinson, M.D., Vice Chairman Marcia Andrews Monroe Benaim, M.D. Karen M. Brill Jennifer Prior Brown, Esq. Chuck Shaw ISSUED BY William F. Malone, Superintendent Judith Klinek, Chief Academic Officer E. Wayne Gent, Chief Officer of Administration Michael J. Burke, Chief Financial Officer PREPARED BY Shirley M. Knox, Budget Director SUBMITTED FOR TENTATIVE ADOPTION JULY 27, 2011

T A B L E O F C O N T E N T S PAGE Section 1 School Board Mission, Goals and Key Results... 1-3 Section 2 2011-2012 District Summary Budget Comparison of Millage Rates... 4 Comparison of Millage to the Rolled Back Rate... 5 Comparison of Palm Beach County Taxable Value... 6 Comparison of Homeowner Property Taxes... 7 Millage Rates & Homeowner Property Taxes - 5 Year History... 8 Comparison of Budget - All Funds... 9 Section 3 Board Agenda Items Millage and Tentative Budget... 10-11 District Summary Budget... 12-34 Certification of School Taxable Value... 35-36 Section 4 TRIM (Truth in Millage) Advertisements Budget Adoption Calendar... 37-39 Notice of Budget Hearing... 40 Notice of Tax for School Capital Outlay... 41 Budget Summary... 42 i

Section 5 General Fund Revenue and Appropriations... 43 FEFP... 44 Revenues... 45 3 Year History of General Fund... 46-47 School Budgets by Function and Restricted Categoricals.... 48-49 Appropriations: Legislative Mandate... 50 Comparison of FY2011 to FY2012... 52-53 Classification and Explanation of Variances... 54-57 Section 6 Capital Projects Funds Revenue and Appropriations... 58 Section 7 Other Funds School Food Service... 59 Special Revenue - Other... 60 Special Revenue - ARRA... 61 Debt Service... 62 Internal Services... 63 ii

Board Mission The School Board of Palm Beach County is committed to excellence in education and preparation of all our students with the knowledge, skills, and ethics required for responsible citizenship and productive employment. Page 1

SCHOOL DISTRICT OF PALM BEACH COUNTY GOALS Adopted on May 5, 1999 1. INCREASED LITERACY Increase literacy in reading, writing, and mathematics, for all students, including students in Exceptional Student Education and English for Speakers of Other Languages, with an emphasis on grades K-3. 2. STUDENT PERFORMANCE Improve achievement of critically low-performing schools and among Quartile One students district-wide. 3. SCHOOL SAFETY AND ENVIRONMENT Provide safe and nurturing school environments that are free of drugs, alcohol, firearms, and harassment, and where standards of appropriate and ethical behavior are upheld. 4. CHALLENGING CURRICULUM Implement a challenging curriculum, including methods for individualized and group instruction that support the Board s goals. 5. STAFF DEVELOPMENT Provide continuous staff development to support the mission and goals. 6. FINANCIAL RESPONSIBILITY Institutionalize and correct, as needed, financial and management practices that are sound and accountable. 7. PARENTAL INVOLVEMENT Increase involvement by parents, business and other community interests through partnerships designed to achieve both management and academic improvement and accountability. 8. PRODUCTIVE CITIZENSHIP Provide experiences that prepare students for productive citizenship. Page 2

SCHOOL DISTRICT OF PALM BEACH COUNTY KEY RESULTS Revised October 4, 2004 1. K-2 LITERACY All students of each racial/ethnic group will read independently on grade level by the end of second grade. 2. ALGEBRA I All students of each racial/ethnic group will successfully complete Algebra I prior to tenth grade. 3. PROFICIENCY IN READING, WRITING AND MATH All students of each racial/ethnic group will be proficient in mathematics, reading, and writing as measured by FCAT and FCAT Writes. 4. SCHOOL GRADE CRITERIA All schools will meet or exceed a school grade of B as measured by the Florida accountability system. 5. UPPER-LEVEL MATH AND SCIENCE COURSES All schools will increase enrollment and performance of each racial/ethnic group in upper level mathematics and science courses, with a particular emphasis on underrepresented populations. 6. SAT All schools will increase participation and performance of students of each racial/ethnic group taking the SAT, with a particular emphasis on underrepresented populations. 7. ADVANCED PROGRAMS All schools will increase enrollment and performance of each racial/ethnic group in gifted, honors, advanced placement, IB and other advanced programs, with a particular emphasis on underrepresented populations. 8. DROPOUT AND GRADUATION RATES All schools will decrease dropout rates and increase graduation rates for students of each racial/ethnic group. 9. SUSPENSIONS All schools will reduce suspensions and eliminate disproportionate suspension rates among student groups. 10. RESOURCES All district and system offices will align efforts and resources to accomplish Key Results. Page 3

COMPARISON OF 2010-2011 TO 2011-2012 MILLAGE RATES Comparison of Millage Rates Mills 8.0000 7.0000 6.0000 5.0000 4.0000 Additional Operating Disc. Capital Improvement Local Capital Improvement Critical Operating Needs Discretionary Operating Prior Period Funding Adj. Required Local Effort 3.0000 2.0000 1.0000 0.0000 2010-2011 2011-2012 2010-2011 2011-2012 Millage Millage Increase/ Rate Rate (Decrease) Non-Voted Millage: Required Local Effort (RLE) 5.6030 5.6820 0.0790 Prior Period RLE Adj. 0.0530 0.0000 (0.0530) Discretionary Operating 0.6780 0.6880 0.0100 Critical Operating Needs 0.2500 0.0000 (0.2500) Local Capital Improvement 1.5000 1.5000 0.0000 Discretionary Capital Improvement 0.0700 0.0600 (0.0100) Sub-Total Non-Voted 8.1540 7.9300 (0.2240) Voted Millage: Additional Operating* 0.0000 0.2500 0.2500 Total Voted & Non-Voted Millage 8.1540 8.1800 0.0260 *Voter approved November 2010, for Fiscal Years 2012-2015. Page 4

COMPARISON OF 2010-2011 TO 2011-2012 MILLAGE AND ROLLED BACK RATE 6.0000 Millage Comparison 5.0000 4.0000 3.0000 2.0000 1.0000 0.0000 Required Local Effort Prior Year RLE Adj Discretionary Operating Critical Operating Needs Local Capital Improvement Discretionary Capital Improvement Additional Operating 2010-11 2011-12 2011-12 % Incr/(Decr) 2010-11 Rolled Back As Compared To Millage Millage Millage Rolled Back Rate Rate Rate Millage Rate Taxable Value $134,469,674,774 * $132,258,526,057 ** (1.64%) Non-Voted Millage: Required Local Effort (RLE) 5.6030 5.7419 5.6820 (1.04%) Prior Period RLE Adj 0.0530 0.0543 0.0000 (100.00%) Discretionary Operating 0.6780 0.6948 0.6880 (0.98%) Critical Operating Needs 0.2500 0.2562 0.0000 (100.00%) Local Capital Improvement 1.5000 1.5372 1.5000 (2.42%) Discretionary Capital Improvmt 0.0700 0.0717 0.0600 (16.32%) Sub-Total Non-Voted 8.1540 8.3561 7.9300 (5.10%) Voted Millage: Additional Operating 0.0000 0.0000 0.2500 Total Voted & Non-Voted Millage 8.1540 8.3561 8.1800 (2.11%) * Final Certification of Taxable Value for 2010. ** Certification of School Taxable Value 7/1/11. Page 5

COMPARISON OF PALM BEACH COUNTY GROSS TAXABLE VALUE Comparison of Taxable Value $170 $160 $150 $140 Billions $130 $120 $110 $100 $90 $80 2007 2008 2009 2010 2011 Year % Gross Incr/(Decr) Incr/(Decr) Tax Taxable As Compared to As Compared to Year Value * Prior Year Prior Year 2007 $170,229,136,344 $8,976,942,892 5.57% 2008 168,237,902,004 (1,991,234,340) -1.17% 2009 149,448,533,249 (18,789,368,755) -11.17% 2010 134,698,183,829 (14,750,349,420) -9.87% 2011 $132,258,526,057 ($2,439,657,772) -1.81% * Gross Taxable Value as of budget adoption. Page 6

COMPARISON OF HOMEOWNER PROPERTY TAXES TAX YEAR 2010 TO 2011 2010 Tax Year 2011 Tax Year Sample Home Sample (With No Increase Home in Assessed Value) Assessed Value $225,000 $225,000 Homestead Exemption 25,000 25,000 Taxable Value $200,000 $200,000 Millage Taxes Millage Taxes Required Local Effort (RLE) 5.6030 $1,120.60 5.6820 $1,136.40 Prior Period RLE Adj. 0.0530 10.60 0.0000 0.00 Discretionary Operating 0.6780 135.60 0.6880 137.60 Critical Operating Needs 0.2500 50.00 0.0000 0.00 Local Capital Improvement 1.5000 300.00 1.5000 300.00 Discretionary Capital Improvement 0.0700 14.00 0.0600 12.00 NON-VOTED 8.1540 $1,630.80 7.9300 $1,586.00 Additional Operating 0.0000 0.00 0.2500 50.00 NON-VOTED & VOTED 8.1540 $1,630.80 8.1800 $1,636.00 Increase from prior year due to increase in millage rates: $5.20 Page 7

MILLAGE RATES AND HOMEOWNER PROPERTY TAXES Five Year History Sample Homeowner Property Taxes Based on an Assessed Value of $225,000 with a $25,000 Homestead Exemption: Assessed Value $225,000 Homestead Exemption 25,000 Taxable Value $200,000 2007 2008 2009 2010 2011 Millage Taxes Millage Taxes Millage Taxes Millage Taxes Millage Taxes Required Local Effort (RLE) 4.7430 $948.60 4.8980 $979.60 5.4410 $1,088.20 5.6030 $1,120.60 5.6820 $1,136.40 Prior Period RLE Adjustment 0.0440 8.80 0.0530 10.60 Discretionary Operating 0.5100 102.00 0.4980 99.60 0.6500 130.00 0.6780 135.60 0.6880 137.60 Additional Discretionary 0.1030 20.60 0.1050 21.00 Critical Operating Needs 0.2500 50.00 Local Capital Improvement 2.0000 400.00 1.7500 350.00 1.5000 300.00 1.5000 300.00 1.5000 300.00 Discretionary Capital Improvmt 0.0980 19.60 0.0700 14.00 0.0600 12.00 Critical Capital Outlay Needs 0.2500 50.00 NON-VOTED 7.3560 $1,471.20 7.2510 $1,450.20 7.9830 $1,596.60 8.1540 $1,630.80 7.9300 $1,586.00 Additional Operating 0.2500 50.00 NON-VOTED & VOTED 7.3560 $1,471.20 7.2510 $1,450.20 7.9830 $1,596.60 8.1540 $1,630.80 8.1800 $1,636.00 Note: The Millage Rate reflects the amount of Taxes per $1,000 of Taxable Value. ESTIMATED PROPERTY TAX LEVIES AND COLLECTIONS Total Palm Beach County Gross Taxable Value * 2007 2008 2009 2010 2011 $170,229,136,344 $168,237,902,004 $149,448,533,249 $134,698,183,829 $132,258,526,057 Property Taxes Levied Tax Collections ** Required Local Effort (RLE) Prior Period RLE Adjustment Discretionary Operating Additional Discretionary Critical Operating Needs Local Capital Improvement Discretionary Capital Improvm Critical Capital Outlay Needs Additional Operating Total Collections $1,252,205,527 $1,219,893,027 $1,193,047,641 $1,098,328,991 $767,026,954 $782,827,782 $772,491,996 $724,525,367 6,246,949 6,853,444 82,476,017 79,593,351 92,284,469 87,672,354 16,656,921 16,781,731 32,327,564 323,435,359 279,695,512 212,964,160 193,965,385 13,913,658 9,051,718 35,494,027 $1,189,595,251 $1,158,898,376 $1,133,395,259 $1,054,395,832 $1,081,874,743 $721,433,227 87,354,111 190,452,278 7,618,091 31,742,046 $1,038,599,753 * Gross Taxable Value as of budget adoption. ** Based upon 95% collectability of Palm Beach County's Gross Taxable Value from 2007 through 2009 and 96% in 2010 and 2011. Page 8

COMPARISON OF BUDGET - ALL FUNDS 2010-2011 TO 2011-2012 Comparison of All Funds $1,400,000,000 $1,200,000,000 $1,000,000,000 $800,000,000 $600,000,000 $400,000,000 $200,000,000 $0 General Fund Special Rev - Food Special Rev - Other Special Rev - ARRA 2010-2011 2011-2012 Debt Service Capital Projects Revised Tentative % 2010-2011 2011-2012 Increase/ Increase Fund Titles Budgets Budgets (Decrease) (Decrease) General Fund $ 1,437,883,332 $1,462,361,211 $24,477,879 1.70% Special Revenue - Food Service 88,379,874 93,801,000 5,421,126 6.13% Special Revenue - Other * 129,595,439 98,778,670 (30,816,769) (23.78%) Special Revenue - ARRA 138,837,896 3,821,752 (135,016,144) (97.25%) Debt Service 262,457,902 263,709,367 1,251,465 0.48% Capital Projects 725,541,387 603,573,791 (121,967,596) (16.81%) Sub-Total $2,782,695,831 $2,526,045,791 ($256,650,040) Less Transfers: (252,020,874) (229,445,423) 22,575,451 (8.96%) TOTAL ALL FUNDS $2,530,674,957 $2,296,600,368 ($234,074,589) (9.25%) *Not all Federal and State funds have been received. It is anticipated the FY2012 revenue will be similar to FY2011. Page 9

Board Meeting Date: July 27, 2011 Agenda Item # 1 SCHOOL DISTRICT OF PALM BEACH COUNTY BOARD AGENDA ITEM SUMMARY DIVISION OF FINANCIAL MANAGEMENT RESOLUTION ADOPTING TENTATIVE MILLAGE RATES I recommend the School Board adopt the proposed millage levy of 8.1800 mills for FY2012. This total millage levy is made up of 5.6820 mills for Required Local Effort,.6880 mills for Discretionary Operating Funds, 1.5000 mills for Local Capital Improvement,.0600 mills for Discretionary Capital Improvement Funds, and.2500 mills for Additional Operating Funds. A breakdown of the proposed millage rate as compared to the rolled back rate is as follows: Proposed Rolled Back % Increase Millage Rate (Decrease) Required Local Effort (RLE) 5.6820 5.7419 (1.04%) Prior Period RLE Adj 0.0000 0.0543 (100.00%) Discretionary Operating 0.6880 0.6948 (0.98%) Critical Operating Needs 0.0000 0.2562 (100.00%) Local Capital Improvement 1.5000 1.5372 (2.42%) Discretionary Capital Improvmt 0.0600 0.0717 (16.32%) Additional Operating 0.2500 0.0000 0.00% Total Mills 8.1800 8.3561 (2.11%) BOARD GOAL: #6 KEY RESULT: #10 PRESENTER: Michael J. Burke TIME OF PRESENTATION: 30 Minutes FINANCIAL IMPACT The financial impact to the school district's budget is $1,038,599,753 of revenue from local taxes during FY 2012. A C T I O N A G E N D A I T E M Page 10

Board Meeting Date: July 27, 2011 Agenda Item # 2 SCHOOL DISTRICT OF PALM BEACH COUNTY BOARD AGENDA ITEM SUMMARY DIVISION OF FINANCIAL MANAGEMENT RESOLUTION ADOPTING TENTATIVE BUDGET I recommend the School Board adopt the tentative district summary budget in the amount of $2,296,600,368 for FY 2012. The recapitulation of this budget is scheduled below. General Fund $1,462,361,211 Special Revenue - Food Service 93,801,000 Special Revenue - Other * 98,778,670 Special Revenue - ARRA Stimulus 3,821,752 Debt Service 263,709,367 Capital Projects 603,573,791 Sub-Total $2,526,045,791 Less Transfers: (229,445,423) Total Funds $2,296,600,368 *Not all Federal and State funds have been received, it is anticipated the FY 2012 revenue will be similar to FY 2011. BOARD GOAL: #6 KEY RESULT: #10 PRESENTER: Michael J. Burke TIME OF PRESENTATION: 30 Minutes FINANCIAL IMPACT The financial impact to the school district is a budget of $2,296,600,368 in all funds for FY 2012. A C T I O N A G E N D A I T E M Page 11

DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET Fiscal Year 2011-2012 SECTION I. ASSESSMENT AND MILLAGE LEVIES Page 1 A. Certification of Taxable Value of Property in County by Property Appraiser 132,258,526,057.00 B. Millage Levies on Nonexempt Property: DISTRICT MILLAGE LEVIES Nonvoted Voted Total 1. Required Local Effort 5.6820 5.6820 2. Prior Period Funding Adjustment Millage 3. Discretionary Operating 0.6880 0.6880 4. Critical Operating Needs 5. Additional Operating 0.2500 0.2500 6. Additional Capital Improvement 7. Local Capital Improvement 1.5000 1.5000 8. Discretionary Capital Improvement 0.0600 0.0600 9. Critical Capital Outlay Needs 10. Debt Service TOTAL MILLS 7.9300 0.2500 8.1800 ESE 139 EXP. 06/30/2012 Page 12

DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2012 SECTION II. GENERAL FUND - FUND 100 Page 2 Account ESTIMATED REVENUES Number FEDERAL: Federal Impact, Current Operations 3121 8,500.00 Reserve Officers Training Corps (ROTC) 3191 650,000.00 Miscellaneous Federal Direct 3199 Total Federal Direct 3100 658,500.00 FEDERAL THROUGH STATE AND LOCAL: Medicaid 3202 5,500,000.00 National Forest Funds 3255 Federal Through Local 3280 Miscellaneous Federal through State 3299 Total Federal Through State And Local 3200 5,500,000.00 STATE: Florida Education Finance Program (FEFP) 3310 98,755,174.00 Workforce Development 3315 17,653,059.00 Workforce Development Capitalization Incentive Grant 3316 Workforce Education Performance Incentive 3317 175,275.00 Adults With Disabilities 3318 894,684.00 CO & DS Withheld for Administrative Expense 3323 100,000.00 Diagnostic and Learning Resources Centers 3335 Racing Commission Funds 3341 State Forest Funds 3342 State License Tax 3343 300,000.00 District Discretionary Lottery Funds 3344 527,913.00 Class Size Reduction Operating Funds 3355 201,031,843.00 School Recognition Funds 3361 8,672,326.00 Excellent Teaching Program 3363 Voluntary Prekindergarten Program 3371 2,428,466.00 Preschool Projects 3372 Reading Programs 3373 Full Service Schools 3378 Other Miscellaneous State Revenue 3399 450,000.00 Total State 3300 330,988,740.00 LOCAL: District School Tax 3411 840,529,384.00 Tax Redemptions 3421 Payment in Lieu of Taxes 3422 40,000.00 Excess Fees 3423 Tuition (Non-Resident) 3424 Rent 3425 900,000.00 Interest, Including Profit On Investment 3430 500,000.00 Gifts, Grants and Bequests 3440 1,512,000.00 Adult General Education Course Fees 3461 500,000.00 Postsecondary Vocational Course Fees 3462 Continuing Workforce Education Course Fees 3463 Capital Improvement Fees 3464 Postsecondary Lab Fees 3465 Lifelong Learning Fees 3466 General Education Development (GED) Testing Fees 3467 Financial Aid Fees 3468 Other Student Fees 3469 1,835,000.00 Preschool Program Fees 3471 385,000.00 Prekindergarten Early Intervention Fees 3472 School Age Child Care Fees 3473 24,000,000.00 Other Schools, Courses and Classes Fees 3479 Miscellaneous Local Sources 3490 21,067,164.00 Total Local 3400 891,268,548.00 TOTAL ESTIMATED REVENUES 1,228,415,788.00 OTHER FINANCING SOURCES Loans 3720 Sale of Capital Assets 3730 Loss Recoveries 3740 Transfers In: From Debt Service Funds 3620 From Capital Projects Funds 3630 80,945,423.00 From Special Revenue Funds 3640 From Permanent Fund 3660 From Internal Service Funds 3670 From Enterprise Funds 3690 Total Transfers In 3600 80,945,423.00 TOTAL OTHER FINANCING SOURCES 80,945,423.00 Fund Balance, July 1, 2011 2800 153,000,000.00 TOTAL ESTIMATED REVENUES, OTHER FINANCING SOURCES, AND FUND BALANCE 1,462,361,211.00 ESE 139 Page 13

DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2012 BUDGET SECTION II. GENERAL FUND - FUND 100 (Continued) Page 3 Account Totals Salaries Employee Benefits Purchased Services Energy Services Materials & Supplies Capital Outlay Other Expenses APPROPRIATIONS Number 100 200 300 400 500 600 700 Instruction 5000 910,722,115.86 596,508,430.13 174,103,085.52 83,113,472.96 44,027,558.54 317,473.40 12,652,095.31 Pupil Personnel Services 6100 38,771,101.51 26,655,832.00 8,079,393.00 3,850,927.51 133,893.00 1,169.00 49,887.00 Instructional Media Services 6200 19,039,311.00 13,214,920.00 4,215,153.00 216,510.00 13,945.00 248,594.00 1,093,957.00 36,232.00 Instruction and Curriculum Development Services 6300 25,175,886.98 19,137,379.74 5,380,340.00 426,986.62 166,431.83 44,890.79 19,858.00 Instructional Staff Training Services 6400 12,292,646.82 7,591,198.03 2,213,659.00 196,175.73 143,925.00 9,258.00 2,138,431.06 Instruction Related Technology 6500 6,822,851.94 3,868,198.04 1,485,172.00 1,460,357.90 1,351.00 3,287.00 4,486.00 Board 7100 6,379,868.00 3,085,401.00 784,374.00 914,499.00 38,366.00 7,521.00 1,549,707.00 General Administration 7200 4,897,066.84 3,538,339.00 854,463.00 385,378.33 11,443.06 70,097.47 2,081.98 35,264.00 School Administration 7300 92,537,295.13 71,835,335.32 19,689,056.00 356,346.86 639,153.75 13,673.20 3,730.00 Facilities Acquisition and Construction 7400 973,947.00 289,327.00 72,045.00 609,075.00 3,500.00 Fiscal Services 7500 5,109,311.00 3,445,547.00 982,867.00 552,242.24 37,960.76 90,694.00 Food Service 7600 10,441.00 1,401.00 9,040.00 Central Services 7700 13,895,326.85 9,068,582.00 2,572,673.00 513,683.00 66,278.00 1,599,979.85 37,994.00 36,137.00 Pupil Transportation Services 7800 41,887,496.00 21,802,425.00 10,833,035.00 477,976.00 7,263,089.00 1,470,672.00 40,299.00 Operation of Plant 7900 123,381,402.45 37,965,315.00 15,359,074.00 27,083,001.45 33,826,220.00 3,029,321.00 50,778.00 6,067,693.00 Maintenance of Plant 8100 69,115,876.00 12,408,703.00 3,497,891.00 22,987,844.00 99,933.00 6,893,241.00 350,041.00 22,878,223.00 Administrative Technology Services 8200 8,377,491.00 4,116,752.00 1,153,266.00 2,971,970.00 51,327.00 40,274.00 43,902.00 Community Services 9100 38,452,611.62 8,593,603.00 5,857,073.00 323,373.25 325,091.00 14,178,857.87 368,766.50 8,805,847.00 Debt Service 9200 150,000.00 150,000.00 Other Capital Outlay 9300 TOTAL APPROPRIATIONS 1,417,992,047.00 843,125,287.26 257,134,020.52 146,439,819.85 41,605,999.06 72,734,230.07 2,381,463.87 54,571,226.37 OTHER FINANCING USES: Transfers Out: (Function 9700) To Debt Service Funds 920 To Capital Projects Funds 930 To Special Revenue Funds 940 To Permanent Fund 960 To Internal Service Funds 970 To Enterprise Funds 990 Total Transfers Out 9700 TOTAL OTHER FINANCING USES Nonspendable Fund Balance, June 30, 2012 2710 Restricted Fund Balance, June 30, 2012 2720 Committed Fund Balance, June 30, 2012 2730 Assigned Fund Balance, June 30, 2012 2740 Unassigned Fund Balance, June 30, 2012 2750 44,369,164.00 TOTAL ENDING FUND BALANCE 2700 44,369,164.00 TOTAL APPROPRIATIONS, OTHER FINANCING USES, AND FUND BALANCE 1,462,361,211.00 ESE 139 Page 14

DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2012 SECTION III. SPECIAL REVENUE FUNDS - FOOD SERVICES - FUND 410 Page 4 Account ESTIMATED REVENUES Number FEDERAL THROUGH STATE AND LOCAL: National School Lunch Act 3260 48,890,000.00 U.S.D.A. Donated Foods 3265 3,250,000.00 Federal Through Local 3280 Miscellaneous Federal Through State 3299 Total Federal Through State And Local 3200 52,140,000.00 STATE: School Breakfast Supplement 3337 450,000.00 School Lunch Supplement 3338 485,000.00 Other Miscellaneous Revenue 3399 Total State 3300 935,000.00 LOCAL: Interest, Including Profit on Investment 3430 100,000.00 Gifts, Grants and Bequests 3440 Food Service 3450 19,450,000.00 Other Miscellaneous Local Sources 3495 176,000.00 Total Local 3400 19,726,000.00 TOTAL ESTIMATED REVENUES 72,801,000.00 OTHER FINANCING SOURCES: Loans 3720 Sale of Capital Assets 3730 Loss Recoveries 3740 Transfers In: From General Fund 3610 From Debt Service 3620 From Capital Projects Funds 3630 Interfund Transfer 3650 From Permanent Fund 3660 From Internal Service Funds 3670 From Enterprise Funds 3690 Total Transfers In 3600 TOTAL OTHER FINANCING SOURCES Fund Balance, July 1, 2011 2800 21,000,000.00 TOTAL ESTIMATED REVENUES, OTHER FINANCING SOURCES, AND FUND BALANCE 93,801,000.00 ESE 139 Page 15

DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2012 SECTION III. SPECIAL REVENUE FUNDS - FOOD SERVICES - FUND 410 (CONTINUED) Page 5 Account APPROPRIATIONS Number Food Services: (Function 7600) Salaries 100 18,076,069.00 Employee Benefits 200 12,619,462.00 Purchased Services 300 9,570,780.00 Energy Services 400 2,901,000.00 Materials and Supplies 500 28,502,250.00 Capital Outlay 600 1,380,000.00 Other Expenses 700 1,772,000.00 Capital Outlay (Function 9300) 600 TOTAL APPROPRIATIONS 7600 74,821,561.00 OTHER FINANCING USES: Transfers Out (Function 9700) To General Fund 910 To Debt Service Funds 920 To Capital Projects Funds 930 Interfund 950 To Permanent Fund 960 To Internal Service Funds 970 To Enterprise Funds 990 Total Transfers Out 9700 TOTAL OTHER FINANCING USES Nonspendable Fund Balance, June 30, 2012 2710 Restricted Fund Balance, June 30, 2012 2720 Committed Fund Balance, June 30, 2012 2730 Assigned Fund Balance, June 30, 2012 2740 Unassigned Fund Balance, June 30, 2012 2750 18,979,439.00 TOTAL ENDING FUND BALANCE 2700 18,979,439.00 TOTAL APPROPRIATIONS, OTHER FINANCING USES, AND FUND BALANCE 93,801,000.00 ESE 139 Page 16

DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2012 SECTION IV. SPECIAL REVENUE FUNDS - FEDERAL PROGRAMS - FUND 420 Page 6 Account ESTIMATED REVENUES Number FEDERAL DIRECT: Workforce Investment Act 3170 Community Action Programs 3180 Reserve Officers Training Corps (ROTC) 3191 Miscellaneous Federal Direct 3199 547,180.00 Total Federal Direct 3100 547,180.00 FEDERAL THROUGH STATE AND LOCAL: Vocational Education Acts 3201 1,625,715.00 Medicaid 3202 Workforce Investment Act 3220 Math & Science Partnerships - Title II, Part B 3226 Drug Free Schools 3227 Individuals with Disabilities Education Act (IDEA) 3230 38,056,166.00 Elementary and Secondary Education Act, Title I 3240 49,665,846.00 Adult General Education 3251 Vocational Rehabilitation 3253 Elementary and Secondary Education Act, Title V 3270 Federal Through Local 3280 16,966.50 Miscellaneous Federal Through State 3299 7,085,523.00 Total Federal Through State And Local 3200 96,450,216.50 STATE: Other Miscellaneous State Revenue 3399 45,640.00 Total State 3300 45,640.00 LOCAL: Interest, Including Profit on Investment 3430 Gifts, Grants & Bequests 3440 1,735,633.47 Other Miscellaneous Local Sources 3495 Total Local 3400 1,735,633.47 TOTAL ESTIMATED REVENUES 98,778,669.97 OTHER FINANCING SOURCES: Loans 3720 Sale of Capital Assets 3730 Loss Recoveries 3740 Transfers In: From General Fund 3610 From Debt Service Funds 3620 From Capital Projects Funds 3630 Interfund 3650 From Permanent Fund 3660 From Internal Service Funds 3670 From Enterprise Funds 3690 Total Transfers In 3600 TOTAL OTHER FINANCING SOURCES Fund Balance, July 1, 2011 2800 TOTAL ESTIMATED REVENUES, OTHER FINANCING SOURCES, AND FUND BALANCE 98,778,669.97 ESE 139 Page 17

DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2012 BUDGET SECTION IV. SPECIAL REVENUE FUNDS - FEDERAL PROGRAMS - FUND 420 (Continued) Page 7 Account Salaries Employee Benefits Purchased Services Energy Services Materials & Supplies Capital Outlay Other Expenses APPROPRIATIONS Number Totals 100 200 300 400 500 600 700 Instruction 5000 46,651,068.25 18,664,265.34 7,990,837.68 12,038,671.30 4,953.61 5,620,911.46 2,039,051.86 292,377.00 Pupil Personnel Services 6100 8,358,237.06 5,517,230.78 1,709,106.07 387,896.56 625,542.27 44,650.38 73,811.00 Instructional Media Services 6200 26,614.00 26,614.00 Instruction and Curriculum Development Services 6300 15,372,161.22 10,526,220.02 2,984,893.59 1,270,777.00 402,582.96 139,295.65 48,392.00 Instructional Staff Training Services 6400 22,247,285.99 13,994,158.13 4,172,557.14 2,338,986.47 1,001,416.20 311,861.00 428,307.05 Instruction Related Technology 6500 23,746.00 14,300.00 9,446.00 Board 7100 General Administration 7200 3,264,950.45 500.00 3,264,450.45 School Administration 7300 Facilities Acquisition and Construction 7400 Fiscal Services 7500 Food Services 7600 Central Services 7700 213,024.00 110,635.00 30,749.00 30,825.00 38,640.00 2,175.00 Pupil Transportation Services 7800 2,460,583.00 800.00 248.00 63,100.00 21,000.00 16,000.00 2,359,435.00 Operation of Plant 7900 Maintenance of Plant 8100 1,000.00 1,000.00 Administrative Technology Services 8200 Community Services 9100 160,000.00 160,000.00 Debt Service 9200 Other Capital Outlay 9300 TOTAL APPROPRIATIONS 98,778,669.97 48,827,609.27 16,897,837.48 16,131,756.33 25,953.61 7,865,092.89 2,563,647.89 6,466,772.50 OTHER FINANCING USES: Transfers Out: (Function 9700) To General Fund 910 To Debt Service Funds 920 To Capital Projects Funds 930 Interfund 950 To Permanent Fund 960 To Internal Service Funds 970 To Enterprise Funds 990 Total Transfers Out 9700 TOTAL OTHER FINANCING USES Nonspendable Fund Balance, June 30, 2012 2710 Restricted Fund Balance, June 30, 2012 2720 Committed Fund Balance, June 30, 2012 2730 Assigned Fund Balance, June 30, 2012 2740 Unassigned Fund Balance, June 30, 2012 2750 TOTAL ENDING FUND BALANCE 2700 TOTAL APPROPRIATIONS, OTHER FINANCING USES, AND FUND BALANCE 98,778,669.97 ESE 139 Page 18

DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2012 SECTION V. SPECIAL REVENUE FUNDS - TARGETED ARRA STIMULUS FUNDS - FUND 432 Page 8 Account ESTIMATED REVENUES Number FEDERAL DIRECT: Miscellaneous Federal Direct 3199 Total Federal Direct 3100 FEDERAL THROUGH STATE AND LOCAL: Individuals with Disabilities Education Act (IDEA) 3230 Elementary and Secondary Education Act, Title I 3240 3,821,752.47 Miscellaneous Federal Through State 3299 Total Federal Through State And Local 3200 3,821,752.47 STATE: Other Miscellaneous State Revenue 3399 Total State 3300 LOCAL: Interest, Including Profit on Investment 3430 Gifts, Grants & Bequests 3440 Other Miscellaneous Local Sources 3495 Total Local 3400 TOTAL ESTIMATED REVENUES 3,821,752.47 OTHER FINANCING SOURCES: Sale of Capital Assets 3730 Loss Recoveries 3740 Transfers In: From General Fund 3610 From Debt Service Funds 3620 From Capital Projects Funds 3630 Interfund 3650 From Permanent Fund 3660 From Internal Service Funds 3670 From Enterprise Funds 3690 Total Transfers In 3600 TOTAL OTHER FINANCING SOURCES Fund Balance, July 1, 2011 2800 TOTAL ESTIMATED REVENUES, OTHER FINANCING SOURCES, AND FUND BALANCE 3,821,752.47 ESE 139 Page 19

DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2012 BUDGET SECTION V. SPECIAL REVENUE FUNDS - TARGETED ARRA STIMULUS FUNDS - FUND 432 Page 9 Account Salaries Employee Benefits Purchased Services Energy Services Materials & Supplies Capital Outlay Other Expenses APPROPRIATIONS Number Totals 100 200 300 400 500 600 700 Instruction 5000 2,878,614.19 1,389,200.00 103,466.19 1,276,915.00 63,000.00 46,033.00 Pupil Personnel Services 6100 71,049.00 66,000.00 5,049.00 Instructional Media Services 6200 18,946.41 17,600.00 1,346.41 Instruction and Curriculum Development Services 6300 77,679.93 28,600.00 2,187.90 46,892.03 Instructional Staff Training Services 6400 658,227.23 59,400.00 4,544.10 5,348.60 584,934.53 4,000.00 Instruction Related Technology 6500 Board 7100 General Administration 7200 44,894.91 44,894.91 School Administration 7300 72,340.80 67,200.00 5,140.80 Facilities Acquisition and Construction 7400 Fiscal Services 7500 Food Services 7600 Central Services 7700 Pupil Transportation Services 7800 Operation of Plant 7900 Maintenance of Plant 8100 Administrative Technology Services 8200 Community Services 9100 Debt Service 9200 Other Capital Outlay 9300 TOTAL APPROPRIATIONS 3,821,752.47 1,628,000.00 121,734.40 1,329,155.63 647,934.53 46,033.00 48,894.91 OTHER FINANCING USES: Transfers Out: (Function 9700) To General Fund 910 To Debt Service Funds 920 To Capital Projects Funds 930 Interfund 950 To Permanent Fund 960 To Internal Service Funds 970 To Enterprise Funds 990 Total Transfers Out 9700 TOTAL OTHER FINANCING USES Nonspendable Fund Balance, June 30, 2012 2710 Restricted Fund Balance, June 30, 2012 2720 Committed Fund Balance, June 30, 2012 2730 Assigned Fund Balance, June 30, 2012 2740 Unassigned Fund Balance, June 30, 2012 2750 TOTAL ENDING FUND BALANCE 2700 TOTAL APPROPRIATIONS, OTHER FINANCING USES, AND FUND BALANCE 3,821,752.47 ESE 139 Page 20

DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2012 SECTION V. SPECIAL REVENUE FUNDS - OTHER ARRA STIMULUS GRANTS - FUND 433 Page 10 Account ESTIMATED REVENUES Number FEDERAL DIRECT: Miscellaneous Federal Direct 3199 Total Federal Direct 3100 FEDERAL THROUGH STATE AND LOCAL: Other Food Services 3269 Miscellaneous Federal Through State 3299 Total Federal Through State And Local 3200 STATE: Other Miscellaneous State Revenue 3399 Total State 3300 LOCAL: Interest, Including Profit on Investment 3430 Gifts, Grants & Bequests 3440 Other Miscellaneous Local Sources 3495 Total Local 3400 TOTAL ESTIMATED REVENUES OTHER FINANCING SOURCES: Sale of Capital Assets 3730 Loss Recoveries 3740 Transfers In: From General Fund 3610 From Debt Service Funds 3620 From Capital Projects Funds 3630 Interfund 3650 From Permanent Fund 3660 From Internal Service Funds 3670 From Enterprise Funds 3690 Total Transfers In 3600 TOTAL OTHER FINANCING SOURCES Fund Balance, July 1, 2011 2800 TOTAL ESTIMATED REVENUES, OTHER FINANCING SOURCES, AND FUND BALANCE ESE 139 Page 21

DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2012 BUDGET SECTION V. SPECIAL REVENUE FUNDS - OTHER ARRA STIMULUS GRANTS - FUND 433 Page 11 Account Salaries Employee Benefits Purchased Services Energy Services Materials & Supplies Capital Outlay Other Expenses APPROPRIATIONS Number Totals 100 200 300 400 500 600 700 Instruction 5000 Pupil Personnel Services 6100 Instructional Media Services 6200 Instruction and Curriculum Development Services 6300 Instructional Staff Training Services 6400 Instruction Related Technology 6500 Board 7100 General Administration 7200 School Administration 7300 Facilities Acquisition and Construction 7400 Fiscal Services 7500 Food Services 7600 Central Services 7700 Pupil Transportation Services 7800 Operation of Plant 7900 Maintenance of Plant 8100 Administrative Technology Services 8200 Community Services 9100 Debt Service 9200 Other Capital Outlay 9300 TOTAL APPROPRIATIONS OTHER FINANCING USES: Transfers Out: (Function 9700) To General Fund 910 To Debt Service Funds 920 To Capital Projects Funds 930 Interfund 950 To Permanent Fund 960 To Internal Service Funds 970 To Enterprise Funds 990 Total Transfers Out 9700 TOTAL OTHER FINANCING USES Nonspendable Fund Balance, June 30, 2012 2710 Restricted Fund Balance, June 30, 2012 2720 Committed Fund Balance, June 30, 2012 2730 Assigned Fund Balance, June 30, 2012 2740 Unassigned Fund Balance, June 30, 2012 2750 TOTAL ENDING FUND BALANCE 2700 TOTAL APPROPRIATIONS, OTHER FINANCING USES, AND FUND BALANCE ESE 139 Page 22

DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2012 SECTION V. SPECIAL REVENUE FUNDS - RACE TO THE TOP - FUND 434 Page 12 Account ESTIMATED REVENUES Number FEDERAL DIRECT: Miscellaneous Federal Direct 3199 Total Federal Direct 3100 FEDERAL THROUGH STATE AND LOCAL: Race to the Top 3214 Miscellaneous Federal Through State 3299 Total Federal Through State And Local 3200 STATE: Other Miscellaneous State Revenue 3399 Total State 3300 LOCAL: Interest, Including Profit on Investment 3430 Gifts, Grants & Bequests 3440 Other Miscellaneous Local Sources 3495 Total Local 3400 TOTAL ESTIMATED REVENUES OTHER FINANCING SOURCES: Sale of Capital Assets 3730 Loss Recoveries 3740 Transfers In: From General Fund 3610 From Debt Service Funds 3620 From Capital Projects Funds 3630 Interfund 3650 From Permanent Fund 3660 From Internal Service Funds 3670 From Enterprise Funds 3690 Total Transfers In 3600 TOTAL OTHER FINANCING SOURCES Fund Balance, July 1, 2011 2800 TOTAL ESTIMATED REVENUES, OTHER FINANCING SOURCES, AND FUND BALANCE ESE 139 Page 23

DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2012 BUDGET SECTION V. SPECIAL REVENUE FUNDS - RACE TO THE TOP - FUND 434 Page 13 Account Salaries Employee Benefits Purchased Services Energy Services Materials & Supplies Capital Outlay Other Expenses APPROPRIATIONS Number Totals 100 200 300 400 500 600 700 Instruction 5000 Pupil Personnel Services 6100 Instructional Media Services 6200 Instruction and Curriculum Development Services 6300 Instructional Staff Training Services 6400 Instruction Related Technology 6500 Board 7100 General Administration 7200 School Administration 7300 Facilities Acquisition and Construction 7400 Fiscal Services 7500 Food Services 7600 Central Services 7700 Pupil Transportation Services 7800 Operation of Plant 7900 Maintenance of Plant 8100 Administrative Technology Services 8200 Community Services 9100 Debt Service 9200 Other Capital Outlay 9300 TOTAL APPROPRIATIONS OTHER FINANCING USES: Transfers Out: (Function 9700) To General Fund 910 To Debt Service Funds 920 To Capital Projects Funds 930 Interfund 950 To Permanent Fund 960 To Internal Service Funds 970 To Enterprise Funds 990 Total Transfers Out 9700 TOTAL OTHER FINANCING USES Nonspendable Fund Balance, June 30, 2012 2710 Restricted Fund Balance, June 30, 2012 2720 Committed Fund Balance, June 30, 2012 2730 Assigned Fund Balance, June 30, 2012 2740 Unassigned Fund Balance, June 30, 2012 2750 TOTAL ENDING FUND BALANCE 2700 TOTAL APPROPRIATIONS, OTHER FINANCING USES, AND FUND BALANCE ESE 139 Page 24

DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2012 SECTION V. SPECIAL REVENUE FUNDS - EDUCATION JOBS ACT - FUND 435 Page 14 Account ESTIMATED REVENUES Number FEDERAL DIRECT: Miscellaneous Federal Direct 3199 Total Federal Direct 3100 FEDERAL THROUGH STATE AND LOCAL: Education Jobs Act 3215 Miscellaneous Federal Through State 3299 Total Federal Through State And Local 3200 STATE: Other Miscellaneous State Revenue 3399 Total State 3300 LOCAL: Interest, Including Profit on Investment 3430 Gifts, Grants & Bequests 3440 Other Miscellaneous Local Sources 3495 Total Local 3400 TOTAL ESTIMATED REVENUES OTHER FINANCING SOURCES: Sale of Capital Assets 3730 Loss Recoveries 3740 Transfers In: From General Fund 3610 From Debt Service Funds 3620 From Capital Projects Funds 3630 Interfund 3650 From Permanent Fund 3660 From Internal Service Funds 3670 From Enterprise Funds 3690 Total Transfers In 3600 TOTAL OTHER FINANCING SOURCES Fund Balance, July 1, 2011 2800 TOTAL ESTIMATED REVENUES, OTHER FINANCING SOURCES, AND FUND BALANCE ESE 139 Page 25

DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2012 BUDGET SECTION V. SPECIAL REVENUE FUNDS - EDUCATION JOBS ACT - FUND 435 Page 15 Account Salaries Employee Benefits Purchased Services Energy Services Materials & Supplies Capital Outlay Other Expenses APPROPRIATIONS Number Totals 100 200 300 400 500 600 700 Instruction 5000 Pupil Personnel Services 6100 Instructional Media Services 6200 Instruction and Curriculum Development Services 6300 Instructional Staff Training Services 6400 Instruction Related Technology 6500 Board 7100 General Administration 7200 School Administration 7300 Facilities Acquisition and Construction 7400 Fiscal Services 7500 Food Services 7600 Central Services 7700 Pupil Transportation Services 7800 Operation of Plant 7900 Maintenance of Plant 8100 Administrative Technology Services 8200 Community Services 9100 Debt Service 9200 Other Capital Outlay 9300 TOTAL APPROPRIATIONS OTHER FINANCING USES: Transfers Out: (Function 9700) To General Fund 910 To Debt Service Funds 920 To Capital Projects Funds 930 Interfund 950 To Permanent Fund 960 To Internal Service Funds 970 To Enterprise Funds 990 Total Transfers Out 9700 TOTAL OTHER FINANCING USES Nonspendable Fund Balance, June 30, 2012 2710 Restricted Fund Balance, June 30, 2012 2720 Committed Fund Balance, June 30, 2012 2730 Assigned Fund Balance, June 30, 2012 2740 Unassigned Fund Balance, June 30, 2012 2750 TOTAL ENDING FUND BALANCE 2700 TOTAL APPROPRIATIONS, OTHER FINANCING USES, AND FUND BALANCE ESE 139 Page 26

DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2012 SECTION VI. SPECIAL REVENUE FUND - MISCELLANEOUS - FUND 490 Page 16 Account ESTIMATED REVENUES Number Federal Through Local 3280 Interest, Including Profit on Investment 3430 Gifts, Grants and Bequests 3440 Other Miscellaneous Local Sources 3495 TOTAL ESTIMATED REVENUES 3000 OTHER FINANCING SOURCES Transfers In: From General Fund 3610 From Debt Service Funds 3620 From Capital Projects Funds 3630 Interfund 3650 From Permanent Fund 3660 From Internal Service Funds 3670 From Enterprise Funds 3690 Total Transfers In 3600 TOTAL OTHER FINANCING SOURCES Fund Balance, July 1, 2011 2800 TOTAL ESTIMATED REVENUES, OTHER FINANCING SOURCES AND FUND BALANCE APPROPRIATIONS Instruction 5000 Pupil Personnel Services 6100 Instructional Media Services 6200 Instruction and Curriculum Development Services 6300 Instructional Staff Training Services 6400 Instruction Related Technology 6500 Board 7100 General Administration 7200 School Administration 7300 Facilities Acquisition and Construction 7400 Fiscal Services 7500 Central Services 7700 Pupil Transportation Services 7800 Operation of Plant 7900 Maintenance of Plant 8100 Administrative Technology Services 8200 Community Services 9100 Other Capital Outlay 9300 TOTAL APPROPRIATIONS OTHER FINANCING USES: Transfers Out: (Function 9700) To General Fund 910 To Debt Service Funds 920 To Capital Projects Funds 930 Interfund 950 To Permanent Fund 960 To Internal Service Funds 970 To Enterprise Funds 990 Total Transfers Out 9700 TOTAL OTHER FINANCING USES Nonspendable Fund Balance, June 30, 2012 2710 Restricted Fund Balance, June 30, 2012 2720 Committed Fund Balance, June 30, 2012 2730 Assigned Fund Balance, June 30, 2012 2740 Unassigned Fund Balance, June 30, 2012 2750 TOTAL ENDING FUND BALANCE 2700 TOTAL APPROPRIATIONS, OTHER FINANCING USES, AND FUND BALANCE ESE 139 Page 27

DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2012 BUDGET SECTION VII. DEBT SERVICE FUNDS Page 17 210 220 230 240 250 290 299 ESTIMATED REVENUES Account Totals SBE & COBI Special Act Bonds Section 1011.14-15 Motor Vehicle District Other ARRA Economic Number Bonds (Race Track) F.S. Loans Revenue Bonds Bonds Debt Service Stim. Debt Svc. FEDERAL DIRECT SOURCES: Other Federal Direct 3190 3,511,813.50 3,511,813.50 Total Federal Direct Sources 3100 3,511,813.50 3,511,813.50 FEDERAL THROUGH STATE SOURCES: Other Federal Through State 3290 Total Federal Through State Sources 3200 STATE SOURCES: CO & DS Distributed 3321 CO & DS Withheld for SBE/COBI Bonds 3322 4,736,031.36 4,736,031.36 Cost of Issuing SBE/COBI Bonds 3324 Interest on Undistributed CO & DS 3325 SBE/COBI Bond Interest 3326 Racing Commission Funds 3341 Total State Sources 3300 4,736,031.36 4,736,031.36 LOCAL SOURCES: District Debt Service Taxes 3412 Local Sales Tax 3418 Tax Redemptions 3421 Excess Fees 3423 Rent 3425 Interest, Including Profit on Investment 3430 Gifts, Grants, and Bequests 3440 Total Local Sources 3400 TOTAL ESTIMATED REVENUES 8,247,844.86 4,736,031.36 3,511,813.50 OTHER FINANCING SOURCES: Sale of Bonds 3710 Loans 3720 Proceeds of Certificates of Participation 3750 Transfers In: From General Fund 3610 From Capital Projects Funds 3630 148,500,000.00 148,353,128.50 146,871.50 From Special Revenue Funds 3640 Interfund (Debt Service Only) 3650 From Permanent Fund 3660 From Internal Service Funds 3670 From Enterprise Funds 3690 Total Transfers In 3600 148,500,000.00 148,353,128.50 146,871.50 TOTAL OTHER FINANCING SOURCES 148,500,000.00 148,353,128.50 146,871.50 Fund Balances, July 1, 2011 2800 106,961,521.89 704,676.97 104,429,889.92 1,826,955.00 TOTAL ESTIMATED REVENUES, OTHER FINANCING SOURCES, AND FUND BALANCES 263,709,366.75 5,440,708.33 252,783,018.42 5,485,640.00 ESE139 Page 28

DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2012 BUDGET SECTION VII. DEBT SERVICE FUNDS (Continued) Page 18 210 220 230 240 250 290 299 APPROPRIATIONS Account Totals SBE & COBI Special Act Bonds Section 1011.14-15 Motor Vehicle District Other ARRA Economic Number Bonds (Race Track) F.S. Loans Revenue Bonds Bonds Debt Service Stim. Debt Svc. Debt Service: (Function 9200) Redemption of Principal 710 61,440,000.00 3,405,000.00 58,035,000.00 Interest 720 92,759,983.66 1,331,031.36 87,775,042.30 3,653,910.00 Dues and Fees 730 1,006,442.41 1,001,667.41 4,775.00 Miscellaneous Expenses 790 TOTAL APPROPRIATIONS 9200 155,206,426.07 4,736,031.36 146,811,709.71 3,658,685.00 OTHER FINANCING USES: Transfers Out: (Function 9700) To General Fund 910 To Capital Projects Funds 930 To Special Revenue Funds 940 Interfund (Debt Service Only) 950 To Permanent Fund 960 To Internal Service Funds 970 To Enterprise Funds 990 Total Transfers Out 9700 TOTAL OTHER FINANCING USES Nonspendable Fund Balances, June 30, 2012 2710 Restricted Fund Balances, June 30, 2012 2720 108,502,940.68 704,676.97 105,971,308.71 1,826,955.00 Committed Fund Balances, June 30, 2012 2730 Assigned Fund Balances, June 30, 2012 2740 Unassigned Fund Balances, June 30, 2012 2750 TOTAL ENDING FUND BALANCES 2700 108,502,940.68 704,676.97 105,971,308.71 1,826,955.00 TOTAL APPROPRIATIONS, OTHER FINANCING USES, AND FUND BALANCES 263,709,366.75 5,440,708.33 252,783,018.42 5,485,640.00 ESE 139 Page 29

DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2012 BUDGET SECTION VIII. CAPITAL PROJECTS FUNDS Page 19 310 320 330 340 350 360 370 380 390 399 ESTIMATED REVENUES Account Capital Outlay Special Act Bonds Section 1011.14-15 Public Education District Capital Outlay & Cap. Improvements Voted Capital Other ARRA Economic Number Totals Bond Issues (COBI) (Racetrack) F.S. Loans Cap Outlay (PECO) Bonds Debt Service Funds Section 1011.71(2) Improvements Capital Projects Stimulus Projects FEDERAL DIRECT SOURCES: Other Federal Direct 3190 Total Federal Direct Sources 3100 FEDERAL THROUGH STATE SOURCES: Other Federal Through State 3290 Total Federal Through State Sources 3200 STATE SOURCES: CO & DS Distributed 3321 1,151,842.00 1,151,842.00 Interest on Undistributed CO & DS 3325 75,439.00 75,439.00 Racing Commission Funds 3341 Public Education Capital Outlay (PECO) 3391 Classrooms First Program 3392 School Infrastructure Thrift Program 3393 Effort Index Grants 3394 Smart Schools Small County Asst. Program 3395 Class Size Reduction/Capital Funds 3396 Charter School Capital Outlay Funding 3397 3,458,547.00 3,458,547.00 Other Miscellaneous State Revenue 3399 Total State Sources 3300 4,685,828.00 1,227,281.00 3,458,547.00 LOCAL SOURCES: District Local Capital Improvement Tax 3413 198,070,369.00 198,070,369.00 Local Sales Tax 3418 Tax Redemptions 3421 Interest, Including Profit on Investment 3430 900,000.00 900,000.00 Gifts, Grants, and Bequests 3440 Miscellaneous Local Sources 3490 Impact Fees 3496 1,500,000.00 1,500,000.00 Refunds of Prior Year Expenditures 3497 Total Local Sources 3400 200,470,369.00 198,970,369.00 1,500,000.00 TOTAL ESTIMATED REVENUES 205,156,197.00 1,227,281.00 198,970,369.00 4,958,547.00 OTHER FINANCING SOURCES Sale of Bonds 3710 4,550,000.00 4,550,000.00 Loans 3720 Sale of Capital Assets 3730 Loss Recoveries 3740 Proceeds of Certificates of Participation 3750 Transfers In: From General Fund 3610 From Debt Service Funds 3620 From Special Revenue Funds 3640 Interfund (Capital Projects Only) 3650 From Permanent Fund 3660 From Internal Service Funds 3670 From Enterprise Funds 3690 Total Transfers In 3600 TOTAL OTHER FINANCING SOURCES 4,550,000.00 4,550,000.00 Fund Balances, July 1, 2011 2800 393,867,593.60 5,378,694.88 2,294,225.63 125,723,531.04 402,287.43 260,068,854.62 TOTAL ESTIMATED REVENUES, OTHER FINANCING SOURCES, AND FUND BALANCES 603,573,790.60 9,928,694.88 3,521,506.63 324,693,900.04 5,360,834.43 260,068,854.62 ESE 139 Page 30

DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2012 BUDGET SECTION VIII. CAPITAL PROJECTS FUNDS (Continued) Page 20 310 320 330 340 350 360 370 380 390 399 APPROPRIATIONS Account Totals Capital Outlay Special Act Bonds Section 1011.14-15 Public Education District Capital Outlay & Cap. Improvements Voted Capital Other ARRA Economic Number Bond Issues (COBI) (Racetrack) F.S. Loans Cap Outlay (PECO) Bonds Debt Service Funds Section 1011.71(2) Improvements Capital Projects Stimulus Projects Appropriations: (Functions 7400/9200) Library Books (New Libraries) 610 205,768.45 205,583.39 185.06 Audio-Visual Materials (Non-Consumable) 620 14,893.00 1,300.00 13,593.00 Buildings and Fixed Equipment 630 306,659,252.65 3,500,351.58 49,515,335.78 1,527,548.00 252,116,017.29 Furniture, Fixtures, and Equipment 640 24,220,832.57 22,361,676.99 356,483.63 1,502,671.95 Motor Vehicles (Including Buses) 650 4,254,614.82 4,116,066.50 138,548.32 Land 660 3,612,064.79 125,000.00 3,487,064.79 Improvements Other Than Buildings 670 2,736,073.76 1,836,742.28 18,255.80 881,075.68 Remodeling and Renovations 680 29,377,236.81 6,428,343.30 2,294,225.63 20,143,321.17 511,346.71 Computer Software 690 1,631,329.13 1,629,278.93 2,050.20 Redemption of Principal 710 Interest 720 Dues and Fees 730 1,416,301.62 1,416,301.62 TOTAL APPROPRIATIONS 374,128,367.60 9,928,694.88 2,294,225.63 99,934,305.04 1,902,287.43 260,068,854.62 OTHER FINANCING USES: Transfers Out: (Function 9700) To General Fund 910 80,945,423.00 1,227,281.00 76,259,595.00 3,458,547.00 To Debt Service Funds 920 148,500,000.00 148,500,000.00 To Special Revenue Funds 940 Interfund (Capital Projects Only) 950 To Permanent Fund 960 To Internal Service Funds 970 To Enterprise Funds 990 Total Transfers Out 9700 229,445,423.00 1,227,281.00 224,759,595.00 3,458,547.00 TOTAL OTHER FINANCING USES 229,445,423.00 1,227,281.00 224,759,595.00 3,458,547.00 Nonspendable Fund Balances, June 30, 2012 2710 Restricted Fund Balances, June 30, 2012 2720 Committed Fund Balances, June 30, 2012 2730 Assigned Fund Balances, June 30, 2012 2740 Unassigned Fund Balances, June 30, 2012 2750 TOTAL ENDING FUND BALANCES 2700 TOTAL APPROPRIATIONS, OTHER FINANCING USES, AND FUND BALANCES 603,573,790.60 9,928,694.88 3,521,506.63 324,693,900.04 5,360,834.43 260,068,854.62 ESE 139 Page 31

DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2012 SECTION IX. PERMANENT FUND - FUND 000 Page 21 Account ESTIMATED REVENUES Number Federal Direct 3100 Federal Through State 3200 State Sources 3300 Local Sources 3400 TOTAL ESTIMATED REVENUES OTHER FINANCING SOURCES: Sale of Capital Assets 3730 Loss Recoveries 3740 Transfers In: From General Fund 3610 From Debt Service Funds 3620 From Capital Projects Funds 3630 From Special Revenue Funds 3640 From Internal Service Funds 3670 From Enterprise Funds 3690 Total Transfers In 3600 TOTAL OTHER FINANCING SOURCES Fund Balance, July 1, 2011 2800 TOTAL ESTIMATED REVENUES, OTHER FINANCING SOURCES, AND FUND BALANCE APPROPRIATIONS Instruction 5000 Pupil Personnel Services 6100 Instructional Media Services 6200 Instruction and Curriculum Development Services 6300 Instructional Staff Training Services 6400 Instruction Related Technology 6500 Board 7100 General Administration 7200 School Administration 7300 Facilities Acquisition and Construction 7400 Fiscal Services 7500 Central Services 7700 Pupil Transportation Services 7800 Operation of Plant 7900 Maintenance of Plant 8100 Administrative Technology Services 8200 Community Services 9100 Debt Service 9200 Other Capital Outlay 9300 TOTAL APPROPRIATIONS OTHER FINANCING USES Transfers Out: (Function 9700) To General Fund 910 To Debt Service Funds 920 To Capital Projects Funds 930 To Special Revenue Funds 940 To Internal Service Funds 970 To Enterprise Funds 990 Total Transfers Out 9700 TOTAL OTHER FINANCING USES Nonspendable Fund Balance, June 30, 2012 2710 Restricted Fund Balance, June 30, 2012 2720 Committed Fund Balance, June 30, 2012 2730 Assigned Fund Balance, June 30, 2012 2740 Unassigned Fund Balance, June 30, 2012 2750 TOTAL ENDING FUND BALANCE 2700 TOTAL APPROPRIATIONS, OTHER FINANCING USES, AND FUND BALANCE ESE 139 Page 32

DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2012 BUDGET SECTION X. ENTERPRISE FUNDS Page 22 911 912 913 914 915 921 922 ESTIMATED REVENUES Account Self-Insurance Self-Insurance Self-Insurance Self-Insurance ARRA Other Enterprise Other Enterprise Number Totals Consortium Consortium Consortium Consortium Consortium Programs Programs OPERATING REVENUES: Charges for Services 3481 Charges for Sales 3482 Premium Revenue 3484 Other Operating Revenue 3489 Total Operating Revenues NONOPERATING REVENUES: Interest, Including Profit on Investment 3430 Gifts, Grants, and Bequests 3440 Other Miscellaneous Local Sources 3495 Loss Recoveries 3740 Gain on Disposition of Assets 3780 Total Nonoperating Revenues Transfers In: From General Fund 3610 From Debt Service Funds 3620 From Capital Projects Funds 3630 From Special Revenue Funds 3640 Interfund Transfers (Enterprise Funds Only) 3650 From Permanent Fund 3660 From Internal Service Funds 3670 Total Transfers In 3600 Net Assets, July 1, 2011 2880 TOTAL OPERATING REVENUES, NONOPERATING REVENUES, TRANSFERS IN, AND NET ASSETS OPERATING EXPENSES: (Function 9900) Salaries 100 Employee Benefits 200 Purchased Services 300 Energy Services 400 Materials and Supplies 500 Capital Outlay 600 Other Expenses (including depreciation) 700 Total Operating Expenses NONOPERATING EXPENSES: (Function 9900) Interest 720 Loss on Disposition of Assets 810 Total Nonoperating Expenses Transfers Out: (Function 9700) To General Fund 910 To Debt Service Funds 920 To Capital Projects Funds 930 To Special Revenue Funds 940 Interfund Transfers (Enterprise Funds Only) 950 To Permanent Fund 960 To Internal Service Funds 970 Total Transfers Out 9700 Net Assets, June 30, 2012 2780 TOTAL OPERATING EXPENSES, NONOPERATING EXPENSES, TRANSFERS OUT, AND NET ASSETS ESE 139 ESTIMATED EXPENSES Object Page 33

DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2012 BUDGET SECTION XI. INTERNAL SERVICE FUNDS Page 23 711 712 713 714 715 731 791 ESTIMATED REVENUES Account Consortium Other Internal Number Totals Self-Insurance Self-Insurance Self-Insurance Self-Insurance Self-Insurance Programs Service OPERATING REVENUES: Charges for Services 3481 25,297,182.00 25,297,182.00 Charges for Sales 3482 Premium Revenue 3484 175,000,000.00 175,000,000.00 Other Operating Revenue 3489 3,363,920.00 3,363,920.00 Total Operating Revenues 203,661,102.00 178,363,920.00 25,297,182.00 NONOPERATING REVENUES: Interest, Including Profit on Investment 3430 33,000.00 33,000.00 Gifts, Grants, and Bequests 3440 Other Miscellaneous Local Sources 3495 250,000.00 250,000.00 Loss Recoveries 3740 Gain on Disposition of Assets 3780 Total Nonoperating Revenues 283,000.00 283,000.00 Transfers In: From General Fund 3610 From Debt Service Funds 3620 From Capital Projects Funds 3630 From Special Revenue Funds 3640 Interfund Transfers (Internal Service Funds Only) 3650 From Permanent Fund 3660 From Enterprise Funds 3690 Total Transfers In 3600 Net Assets, July 1, 2011 2880 6,000,000.00 6,000,000.00 TOTAL OPERATING REVENUES, NONOPERATING REVENUES, TRANSFERS IN, AND NET ASSETS 209,944,102.00 184,646,920.00 25,297,182.00 OPERATING EXPENSES: (Function 9900) Salaries 100 18,242,178.00 606,286.00 17,635,892.00 Employee Benefits 200 5,841,557.00 182,376.00 5,659,181.00 Purchased Services 300 1,447,712.00 1,136,460.00 311,252.00 Energy Services 400 1,029,249.00 1,029,249.00 Materials and Supplies 500 584,392.00 9,000.00 575,392.00 Capital Outlay 600 65,433.00 500.00 64,933.00 Other Expenses (including depreciation) 700 177,765,223.00 177,743,940.00 21,283.00 Total Operating Expenses 204,975,744.00 179,678,562.00 25,297,182.00 NONOPERATING EXPENSES: (Function 9900) Interest 720 Loss on Disposition of Assets 810 Total Nonoperating Expenses Transfers Out: (Function 9700) To General Fund 910 To Debt Service Funds 920 To Capital Projects Funds 930 To Special Revenue Funds 940 Interfund Transfers (Internal Service Funds Only) 950 To Permanent Fund 960 To Enterprise Funds 990 Total Transfers Out 9700 Net Assets, June 30, 2012 2780 4,968,358.00 4,968,358.00 TOTAL OPERATING EXPENSES, NONOPERATING EXPENSES, TRANSFERS OUT, AND NET ASSETS 209,944,102.00 184,646,920.00 25,297,182.00 ESE 139 ESTIMATED EXPENSES Object Page 34

CERTIFICATION OF SCHOOL TAXABLE VALUE DR-420S R. 5/11 Rule 12DER11-10 Florida Administrative Code Eff. 05/11 Year : 2011 County : Name of School District : PALM BEACH CO SCHOOL DIST PALM BEACH SECTION I : COMPLETED BY PROPERTY APPRAISER. SEND TO SCHOOL DISTRICT 1. Current year taxable value of real property for operating purposes $ 125,342,995,972 (1) 2. Current year taxable value of personal property for operating purposes $ 6,818,325,681 (2) 3. Current year taxable value of centrally assessed property for operating purposes $ 97,204,404 (3) 4. Current year gross taxable value for operating purposes (Line 1 plus Line 2 plus Line 3) $ 132,258,526,057 (4) 5. Current year net new taxable value (Add new construction, additions, rehabilitative improvements increasing assessed value by at least 100%, annexations, and tangible personal property value over 115% of the previous year's value. Subtract deletions.) $ 1,042,387,172 (5) 6. Current year adjusted taxable value (Line 4 minus Line 5) $ 131,216,138,885 (6) 7. Prior year FINAL gross taxable value from prior year applicable Form DR-403 Series $ 134,469,674,774 (7) Does the taxing authority levy a voted debt service millage or a millage voted for 2 years 8. or less under s. 9(b), Article VII, State Constitution? (If yes, complete and attach form DR-420DEBT, Certification of Voted Debt Millage.) Yes No (8) SIGN HER E Property Appraiser Certification I certify the taxable values above are correct to the best of my knowledge. Signature of Property Appraiser : Date : Electronically Certified by Property Appraiser on 6/30/2011 8:32 AM SECTION II : COMPLETED BY SCHOOL DISTRICTS. RETURN TO PROPERTY APPRAISER Local board millage includes discretionary and capital outlay. 9. Prior year state law millage levy: Required Local Effort (RLE) (Sum of previous year's RLE and prior period funding adjustment) 5.6560 per $1,000 (9) 10. Prior year local board millage levy (All discretionary millages) 2.4980 per $1,000 (10) 11. Prior year state law proceeds (Line 9 multiplied by Line 7, divided by 1,000) $ 760,560,481 (11) 12. Prior year local board proceeds (Line 10 multiplied by Line 7, divided by 1,000) $ 335,905,248 (12) 13. Prior year total state law and local board proceeds (Line 11 plus Line 12) $ 1,096,465,729 (13) 14. Current year state law rolled-back rate (Line 11 divided by Line 6, multiplied by 1,000) 5.7962 per $1,000 (14) 15. Current year local board rolled-back rate (Line 12 divided by Line 6, multiplied by 1,000) 2.5599 per $1,000 (15) 16. Current year proposed state law millage rate (Sum of RLE and prior period funding adjustment) 5.6820 per $1,000 (16) A.Capital Outlay 17. 1.5000 B. Discretionary Operating 0.6880 C. Discretionary Capital Improvement 0.0600 D. Critical Capital Outlay or Critical Operating 0.0000 E. Additional Voted Millage 0.2500 (17) Current year proposed local board millage rate (17A plus 17B, plus 17C, plus 17D, plus 17E) 2.4980 per $1,000 Continued on page 2 Page 35

Name of School District : DR-420S R. 5/11 Page 2 18. Current year state law proceeds (Line 16 multiplied by Line 4, divided by 1,000) $ 751,492,945 (18) 19. Current year local board proceeds (Line 17 multiplied by Line 4, divided by 1,000) $ 330,381,798 (19) 20. Current year total state law and local board proceeds (Line 18 plus Line 19) $ 1,081,874,743 (20) 21. Current year proposed state law rate as percent change of state law rolled-back rate (Line 16 divided by Line 14, minus 1, multiplied by 100) -1.97 % (21) 22. Current year total proposed rate as a percent change of rolled-back rate ((Line 16 plus Line 17) divided by (Line 14 plus Line 15), minus 1, multiplied by 100) -2.11 % (22) Final public Date : Time : Place : budget hearing Winona Webb Jordan Board Chambers, 3300 Forest Hill Blvd, 9/14/2011 5:05 PM West Palm Beach, FL 33406 Taxing Authority Certification I certify the millages and rates are correct to the best of my knowledge. The millages comply with the provisions of s. 200.065, F.S. S I G N H E R E Signature of Chief Administrative Officer : Date : Title : Contact Name And Contact Title : Shirley Knox, Budget Director Superintendent Mailing Address : Physical Address : 3300 Forest Hill Blvd. A306 3300 Forest Hill Blvd. A306 City, State, Zip : Phone Number : Fax Number : West Palm Beach, Florida 33406 561-434-8837 561-434-8568 Page 36

THE SCHOOL DISTRICT OF PALM BEACH COUNTY, FL 2011-2012 BUDGET ADOPTION CALENDAR Ref District Day Date Event Activity * School Board Public Hearing SCHOOL DISTRICT REQUIREMENTS Wednesday, School Board Budget Workshop Budget Workshop & Class Size Reduction Strategies 12/8/2010 Wednesday, School Board Budget Workshop Budget Workshop & Class Size Reduction Strategies 1/12/2011 Wednesday, School Board Budget Workshop Budget Workshop 2/2/2011 Wednesday, School Board Budget Workshop Budget Workshop 2/9/2011 Thursday, Budget Advisory Committee Meeting Organizational Meeting/Budget Review 2/17/2011 Wednesday, School Board Budget Workshop Budget Workshop 2/23/2011 Tuesday, Budget Advisory Committee Meeting Legislative Update 3/8/2011 Monday, Budget Advisory Committee Meeting State General Revenue Estimating Conference, School 3/21/2011 Allocations, Health Insurance Wednesday, School Board Budget Workshop School Instructional Allocations 3/30/2011 Tuesday, Budget Advisory Committee Meeting Legislative Update, Transportation, Athletics & Extra- 4/5/2011 curricular Activities, School Overhead Wednesday, School Board Budget Workshop Capital Budget 4/13/2011 Monday, Budget Advisory Committee Meeting School Police, Health Insurance, Furloughs, Legislative 4/18/2011 Update, New Revenue Sources Monday, Budget Advisory Committee Meeting Budget Update, Principal Budget Committee 4/25/2011 Recommendations Wednesday, School Board Budget Workshop School Budgets - Remaining Allocations 5/4/2011 Monday, Budget Advisory Committee Meeting Department Budget Reviews 5/9/2011 Thursday, Budget Advisory Committee Meeting Department Budget Reviews 5/12/2011 Friday, Budget Advisory Committee Meeting Department Budget Reviews 5/13/2011 Page 37

THE SCHOOL DISTRICT OF PALM BEACH COUNTY, FL 2011-2012 BUDGET ADOPTION CALENDAR SCHOOL DISTRICT REQUIREMENTS Ref District Day Date Event Activity Friday, Budget Advisory Committee Meeting Department Budget Reviews 5/20/2011 Wednesday, School Board Budget Workshop Department Budgets 6/1/2011 Wednesday, Budget Advisory Committee Meeting Capital Budget 6/6/2011 Wednesday, School Board Budget Workshop Capital Budget 6/22/2011 Monday, Budget Advisory Committee Meeting Budget Options for FY2013 7/11/2011 STATE STATUTORY REQUIREMENTS Ref District Day Date Event Activity D Friday, Property Appraiser certifies Roll. July 1 or date of certification, whichever is later. on 7/1/11 7/1/2011 Tuesday, Receive from the Department of Not later than 7/19/11, the Commissioner of 7/19/2011 Education Required Local Effort. Education shall certify the Required Local Effort. D + 24 Wednesday, Board approval for advertising Superintendent submits tentative district facilities by 7/24/11 7/20/2011* Within 24 days of the Certification work plan and district budget to the School Board. of Value. School Board shall adopt Tentative Budget and shall approve Tentative Budget for Advertising. School Superintendent presents tentative Board authorizes Superintendent to adjust the 2011-12 budget and tentative facilities millage and the budget advertisements based upon work plan to the School Board. Department of Education information. The School Board may order adjustment to the tentative budget, but takes no official action. r D + 29 Friday, Newspaper advertisement Advertising summary of tentative budget including by 7/29/11 7/22/2011 Within 29 days of the Certification proposed millage rates. Notice of public hearing. of Value Wednesday, Public Hearing The School Board holds public hearing tentative 7/27/11* Not less than 2 nor more than budget and proposed millage rates. 5:05 p.m. 5 days after advertising. * School Board Public Hearing Page 38

THE SCHOOL DISTRICT OF PALM BEACH COUNTY, FL 2011-2012 BUDGET ADOPTION CALENDAR STATE STATUTORY REQUIREMENTS Ref District Day Date Event Activity D + 35 Friday, Notify Property Appraiser Advise Property Appraiser of proposed millage rate. by 8/4/11 7/29/2010 Within 35 days of Certification This will be used by Property Appraiser to prepare of Value. Notice of Proposed Property Taxes. Not less Wednesday, Adopt the District Facilities Work Hold public hearing to adopt final facilities work than 9/14/11* Plan and District Budget. plan, final budget and to adopt millage rate. No D + 65 5:05 p.m. newspaper advertisement is required. not more 65-80 days after Certification than of Value. Millage rate cannot exceed the rate tentatively D + 80 adopted on D + 35 (7/27/11) unless each taxpayer is between 9/3/11 sent a personal notice of change under the new and 9/18/11 rates. Such notice is prepared by the property Appraiser at School Board expense and should be mailed no more than 15 days nor less than 10 days prior to any hearing. Thursday, Submit Budget to Department of Education within 3 9/15/2011 business days after adoption (Florida State Board of Education - Administrative Rules 6A-1.0071(1)) D + 101 Thursday, Within 101 days of Certification Notify Property Appraiser, Tax Collector and by 10/9/11 9/15/2011 of Value. Department of Revenue of adopted millage rate within 3 days after the adoption of the resolution. * School Board Public Hearing Page 39

NOTICE OF BUDGET HEARING The School District of Palm Beach County, Florida will soon consider a budget for FY2012. A public hearing to make a DECISION on the budget and TAXES will be held on July 27, 2011 at 5:05 P.M. at The Winona Webb Jordan Board Chambers of the Fulton-Holland Educational Center 3300 Forest Hill Boulevard West Palm Beach, Florida Page 40

NOTICE OF TAX FOR SCHOOL CAPITAL OUTLAY The School District of Palm Beach County, Florida will soon consider a measure to impose a 1.560 mill property tax for the capital outlay projects listed herein. This tax is in addition to the school board s proposed tax of 6.620 mills for operating expenses and is proposed solely at the discretion of the school board. THE PROPOSED COMBINED SCHOOL BOARD TAX INCREASE FOR BOTH OPERATING EXPENSES AND CAPITAL OUTLAY IS SHOWN IN THE ADJACENT NOTICE. The capital outlay tax will generate approximately $198,070,369 to be used for the following projects: CONSTRUCTION AND REMODELING Academies at Existing Schools, Allamanda ES Mod, Banyan Creek ES Add & Core, Barton ES Mod, Belle Glade ES Add + Pre-K, Benoist Farms ES Pre-K, Boca Raton HS Pool, Boca Raton HS Stadium, Boca Raton MS Mod, Boynton Beach HS Academy, Carver MS Add, Cholee Lake ES Pre-K, Citrus Cove ES Add, CO Taylor ES Mod, Congress MS Mod, County Fiber Construction, Crestwood Core Add, Cypress Trails ES Brick Replacement, DD Eisenhower ES Mod, Everglades ES (03-W), FHESC Windows, HL Johnson ES Add, Hope Centennial ES (06-D), Indian Pines ES Add & Pre-K, JF Kennedy MS Mod, Jupiter ES Bldg Renovation, Lake Worth MS Add, Northboro ES Mod, Olympic Heights HS Teacher Academy, Pahokee Area MS (03-MM), Palm Springs MS Mod, Pine Jog ES (03-Y), Plumosa ES (K-5) Mod, Relocatables - Walkway Canopies, Roosevelt MS Add, Royal Palm School Mod, Santaluces HS Academy, School Food Service Build Out, Suncoast HS Mod, Sunset Palm ES (03- Z), Village Academy Secondary Level, Wellington ES Class Add, Wellington HS Academies, Wellington HS Auditorium, Westward ES Mod, Whispering Pines ES Add, Banyan Creek Core Add, Canal Point ES Brick Replacement, Carver MS Core Add, Crestwood MS Add, CSR Projects, Heritage ES LEED EB, JF Kennedy MS Athletic Fields, Jupiter MS Add, Jupiter MS School Renovation, Lake Worth MS Core Add, Pahokee El Add, Pahokee HS Stadium, Palm Beach Gardens HS Mod, Palm Beach Lakes HS Add/Academy, Palm Beach Lakes HS Auditorium, Seminole Trails ES Add, Village Academy Buildout, Whispering Pines ES Core Add, Galaxy ES Mod, Gove ES Mod, LCD Installation Projects, Maintenance Compound West Central, Manatee ES Add, Old Inlet Grove Site Remodel, Pahokee HS Remodel, Purchase Relocatable & Modular Classrooms, Rosenwald ES Mod, Transportation Compound South, West Area Educational Complex, Alternative Schools Master Plan, Gladeview ES Mod, Transportation Compound West Central, Del Prado ES Brick Replacement, Pioneer Park ES Remodel, DD Eisenhower ES Playfields, Ed Plant Survey & Facility Condition Assessment, Energy Conservation (Green) LEED Projects, Future School Modernizations, Gold Coast Mod, Maintenance Compound South, Maintenance Compound West, N Palm Beach ES Mod, Old DD Eisenhower ES Demo, Old Plumosa Renovation, Palm Beach Lakes HS Practice Field, Riviera Beach Area HS (02-MMM), Roosevelt Full Service Mod, Sabal Palm School Add, Site Acquisition, South Intensive Transition Addition, Delray Full Service Center Demo, Village Academy Athletic Fields, Grove Park ES Remod, Plumosa 6-8 (03-LL), Washington ES Mod, Wynnebrook El Mod, Greater WPB/LW Area HS (03-OOO), Scripps Area ES (04-A), West Palm Beach Area MS (04-OO). MAINTENANCE, RENOVATION, AND REPAIR Compliance with Florida Bldg Code, ADA, Athletic Facilities and Playfields, Fire and Health Safety Modifications, HVAC Projects, Maintenance of Plant and Equipment, Maintenance of Ancillary Facilities, Masonry Remediation, Minor Projects, Portable Relocation, Roofing Inspections and Replacements, Security Projects, School and Ancillary Center Projects. MOTOR VEHICLE PURCHASES Purchase of District Vehicles NEW AND REPLACEMENT EQUIPMENT AND ENTERPRISE SOFTWARE School and District Computers and Servers, Network Operations Center, Hardware & Software, Computer Assisted Facility Management System, School and District Furniture and Equipment, Custodial Equipment, Disaster Recovery Equipment, Educational Data Warehouse, Replacement of Bus Washers, Instructional Materials as Permitted by Florida Statutes, Payments for Capital Equipment Leases PAYMENTS FOR EDUCATIONAL FACILITIES AND SITES DUE UNDER A LEASE-PURCHASE AGREEMENT Master Lease-Purchase Payments for Various Facilities and Equipment PAYMENTS FOR RENTING AND LEASING EDUCATIONAL FACILITIES AND SITES Lease of Administrative and Educational Facilities PAYMENT OF COSTS OF COMPLIANCE WITH ENVIRONMENTAL STATUTES, RULES AND REGULATIONS Asbestos Abatement/Removal, Compliance with Wetlands, Well Field Protection, Removal of Hazardous Waste, Compliance with Florida Bldg Code, Indoor Air Quality Program, Removal/Disposal of Underground Storage Tanks PAYMENT OF PREMIUMS FOR PROPERTY AND CASUALTY INSURANCE NECESSARY TO INSURE THE EDUCATIONAL AND ANCILLARY PLANTS OF THE SCHOOL DISTRICT PAYMENT OF COSTS OF LEASING RELOCATABLE EDUCATIONAL FACILITIES Leasing of Portable Classrooms for Various Facilities PAYMENTS TO PRIVATE ENTITIES TO OFFSET THE COST OF SCHOOL BUSES PURSUANT TO S. 1011.71 (2)(i) Payments to Public and Private Transportation Companies for the Transportation of Students PAYMENT OF COSTS OF OPENING DAY COLLECTION FOR LIBRARY MEDIA CENTER All concerned citizens are invited to a public hearing to be held on July 27, 2011, at 5:05 P.M., at the Winona Webb Jordan Board Chambers of the Fulton-Holland Educational Center, 3300 Forest Hill Boulevard, West Palm Beach, Florida. A DECISION on the proposed CAPITAL OUTLAY TAXES will be made at this hearing. Page 41

PROPOSED MILLAGE LEVIES SUBJECT TO 10-MILL CAP: PROPOSED MILLAGE LEVIES Required Local Effort (Including Prior Year 5.6820 Discretionary Critical Needs (Operating) NOT SUBJECT TO 10-MILL CAP: Funding Adjustment Millage) Additional Millage Not to Exceed 4 Years 0.2500 Operating or Capital Not Local Capital Improvement (Capital Outlay) 1.5000 (Operating) to Exceed 2 Years Discretionary Operating 0.6880 Debt Service Discretionary Capital Improvement 0.0600 TOTAL MILLAGE 8.1800 GENERAL SPECIAL DEBT CAPITAL TOTAL ALL ESTIMATED REVENUES: FUND REVENUE SERVICE PROJECTS FUNDS Federal sources $6,158,500 $152,959,149 $3,511,814 $162,629,462 State sources 330,988,740 980,640 $4,736,031 9,235,828 345,941,239 Local sources 891,268,548 21,461,633 200,470,369 1,113,200,550 TOTAL SOURCES $1,228,415,788 $175,401,422 $8,247,845 $209,706,197 $1,621,771,252 Transfers In 80,945,423 148,500,000 229,445,423 Fund Balances/Reserves/Net Assets 153,000,000 21,000,000 106,961,522 393,867,594 674,829,115 TOTAL REVENUES, TRANSFERS & BALANCES $1,462,361,211 $196,401,422 $263,709,367 $603,573,791 $2,526,045,791 EXPENDITURES Instruction $910,722,116 $49,529,682 $960,251,798 Pupil Personnel Services 38,771,102 8,429,286 47,200,388 Instructional Media Services 19,039,311 45,560 19,084,871 Instructional and Curriculum Development Services 25,175,887 15,449,841 40,625,728 Instructional Staff Training Services 12,292,647 22,905,513 35,198,160 Instruction Related Technology 6,822,852 23,746 6,846,598 School Board 6,379,868 6,379,868 General Administration 4,897,067 3,309,845 8,206,912 School Administration 92,537,295 72,341 92,609,636 Facilities Acquisition and Construction 973,947 $374,128,368 375,102,315 Fiscal Services 5,109,311 5,109,311 Food Services 10,441 74,821,561 74,832,002 Central Services 13,895,327 213,024 14,108,351 Pupil Transportation Services 41,887,496 2,460,583 44,348,079 Operation of Plant 123,381,402 123,381,402 Maintenance of Plant 69,115,876 1,000 69,116,876 Administrative Technology Services 8,377,491 8,377,491 Community Services 38,452,612 160,000 38,612,612 Debt Services 150,000 $155,206,426 155,356,426 TOTAL EXPENDITURES $1,417,992,047 $177,421,983 $155,206,426 $374,128,368 $2,124,748,824 Transfers Out 229,445,423 229,445,423 Fund Balances/Reserves/Net Assets 44,369,164 18,979,439 108,502,941 171,851,544 TOTAL APPROPRIATED EXPENDITURES BUDGET SUMMARY THE PROPOSED OPERATING BUDGET EXPENDITURES OF THE SCHOOL DISTRICT OF PALM BEACH COUNTY ARE 0.4% MORE THAN LAST YEAR'S TOTAL OPERATING EXPENDITURES. FISCAL YEAR 2011-2012 TRANSFERS, RESERVES & BALANCES $1,462,361,211 $196,401,422 $263,709,367 $603,573,791 $2,526,045,791 The tentative, adopted, and/or final budgets are on file in the office of the above mentioned taxing authority as a public record. Page 42

GENERAL FUND BUDGET TENTATIVE 2011-2012 REVENUE & APPROPRIATIONS ($000,000) The General Fund Operating Budget accounts for the day-to-day operation of school centers, area offices and central offices. Included are costs for employee salaries, fringe benefits, textbooks, supplies, equipment, utilities, and other expenses for the direct operation of schools and departments for the fiscal year. REVENUE Tentative Budget % of Total Federal Sources $6.2 0.42% State Sources 331.0 22.63% Local Sources 891.3 60.95% Transfer from Capital 80.9 5.54% Fund Balance 153.0 10.46% TOTAL REVENUE $1,462.4 100.00% Transfer from Capital 2011-2012 Tentative Revenue Fund Balance State Sources Local Sources APPROPRIATIONS Tentative Budget % of Total Salaries & Fringe $1,100.3 75.25% Purchased Services 146.4 10.01% Energy Services 41.6 2.84% Materials & Supplies 72.7 4.97% Capital 2.4 0.16% Other Expenses 54.6 3.73% Sub-Total $1,418.0 Fund Balance & Transfers 44.4 3.04% TOTAL BUDGET $1,462.4 100.00% Capital Energy Fund Balance & Transfers 2011-2012 Tentative Appropriations Materials & Supplies Other Purchased Services Salaries & Fringe Page 43

THE SCHOOL DISTRICT OF PALM BEACH COUNTY Florida Education Finance Program (FEFP) Detail * Year-end Original Year-end FY 2010 FY 2011 FY 2011 FY 2012 Variance 2009-10 HB5001 2010-11 Increase/ Fourth Calc. Second Fourth Calc. Second Decrease 4/12/2010 Calculation 4/21/2011 Calculation FY12 vs. FY11 1 K-12 Unweighted FTE's 171,722.23 173,969.98 172,829.03 174,217.35 1,388.32 2 K-12 Weighted FTE's (Funded) 184,228.16 187,641.75 186,993.35 188,610.44 1,617.09 Prevalence 1.073 1.079 1.082 1.083 0.001 3 State Base Student Alloc (BSA) $3,630.62 $3,623.76 $3,623.76 $3,479.22 (144.54) 4 District Cost Differential (DCD) 1.0390 1.0406 1.0406 1.0380 (0.0026) 5 Palm Beach County Schools BSA $3,772.21 $3,770.88 $3,770.88 $3,611.43 ($159.45) 6 WTD FTE x BSA x DCD $694,948,078 $707,575,396 $705,130,354 $681,153,469 ($23,976,885) 7 ESE BLOCK GRANT 64,677,064 65,435,583 65,435,583 63,319,216 (2,116,367) 8 SAI 33,165,989 33,651,291 33,651,291 32,634,321 (1,016,970) 9 Reading Instruction 6,558,791 6,600,576 6,586,164 6,326,863 (259,301) 10 Safe Schools 4,397,934 4,471,868 4,464,344 4,140,559 (323,785) 11 Merit Award Allocation 124,659 89,358 89,199 154,123 64,924 12 DJJ Supplemental Funding 330,512 338,806 296,967 277,827 (19,140) 13 Instructional Materials (moved to Base FEFP in FY10) 14,229,324 14,263,096 14,007,562 13,619,493 (388,069) 14 Transportation (moved to Base FEFP in FY10) 25,322,843 25,411,633 25,815,998 24,812,740 (1,003,258) 15 Teacher Lead (moved to Base FEFP in FY10) 2,166,880 2,203,706 2,203,706 2,113,767 (89,939) 16 Federal Stabilization 61,599,829 59,704,413 59,572,306 0 (59,572,306) 17 Proration to Available State Funds 0 0 0 (107,907) (107,907) 18 DOE Prorated Holdback (5,938,389) 0 0 0 0 19 Virtual Education Contribution 0 0 0 86,479 86,479 20 Gross State and Local FEFP $901,583,514 $919,745,726 $917,253,474 $828,530,950 ($88,722,524) 21 Less: Required Local Effort Taxes (772,491,996) (724,525,367) (724,525,367) (721,433,227) 3,092,140 22 Total State FEFP $129,091,518 $195,220,359 $192,728,107 $107,097,723 ($85,630,384) % Funded Locally 85.68% 78.77% 78.99% 87.07% District Lottery/School Recognition 23 Lottery - Discretionary 502,627 506,843 686,216 527,913 (158,303) 24 Lottery - School Recog. $ 9,146,725, 9,146,725, 9,291,778, 8,672,326, (619,452) 25 Total Lottery/School Recognition 9,649,352 9,653,568 9,977,994 9,200,239 (777,755) Categorical Allocations 26 Class Size Reduction 194,661,443 201,569,744 200,258,799 201,031,843 773,044 27 Total State Categorical Funding $194,661,443 $201,569,744 $200,258,799 $201,031,843 $773,044 Local Funding 28 Palm Beach County Tax Roll $149,448,533,249 $134,698,183,829 $134,698,183,829 $132,258,526,057 ($2,439,657,772) 29 Required Local Effort (RLE) 772,491,996 724,525,367 724,525,367 721,433,227 (3,092,140) 30 Prior Year Required Local Effort 6,246,949 6,853,444 6,853,444 0 (6,853,444) 31 Discretionary Funds-Basic 92,284,469 87,672,354 87,672,354 87,354,111 (318,243) 32 Discretionary Funds-Critical Operating 0 32,327,564 32,327,564 0 (32,327,564) 33 Voted Funds-Operating 0 0 0 31,742,046 31,742,046 34 Total Local Funding $871,023,414 $851,378,729 $851,378,729 $840,529,384 ($10,849,345) 35 TOTAL FUNDING $1,204,425,727 $1,257,822,400 $1,254,343,629 $1,157,859,189 ($96,484,440) Millage Rates 36 RLE Mills 5.4410 5.6030 5.6030 5.6820 0.0790 37 Prior Year RLE 0.0440 0.0530 0.0530 0.0000 (0.0530) 38 DM Mills-Base 0.6500 0.6780 0.6780 0.6880 0.0100 39 DM Mills-Critical Operating 0.0000 0.2500 0.2500 0.0000 (0.2500) 40 Voted Mills-Operating 0.0000 0.0000 0.0000 0.2500 0.2500 41 Total 6.1350 6.5840 6.5840 6.6200 0.0360 Change from previous year $14,078,727 ($53,396,673) $49,917,902 ($96,484,440) Total Funds per Unweighted FTE $7,013.80 $7,230.11 $7,257.71 $6,646.06 ($611.65) * Excludes McKay Scholarships and prior year adjustments. -8.43% Page 44

Analysis of General Fund Revenue June 30, 2008 June 30, 2009 June 30, 2010 Fourth Calc. Second Calc. Increase/ Federal Revenue Year-End Year-End Year-End Current Projected (Decrease) Func. Description FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY11 to FY12 3121 Impact Fees 12,397 3,272 7,002 6,000 8,500 2,500 3191 ROTC 563,795 915,436 747,929 600,000 650,000 50,000 3202 Medicaid Reimbursement 1,648,536 5,488,075 5,180,443 4,100,000 5,500,000 1,400,000 Sub-total 2,224,728 6,406,783 5,935,374 4,706,000 6,158,500 1,452,500 State Revenue 3310 FEFP-FTE Generated 17,274,697 (50,528,763) 30,635,790 (21,673,995) (41,853,199) (20,179,204) 3310 ESE Block Grant 74,373,214 70,298,550 0 65,435,583 63,319,216 (2,116,367) 3310 Supplemental Academic Instr. 37,934,549 35,733,476 33,165,989 33,651,291 32,634,321 (1,016,970) 3310 ESE McKay Scholarships (6,254,457) (6,088,613) (6,157,721) (6,790,536) (6,790,536) 0 3310 Opportunity Scholarships (20,895) 0 0 0 0 0 3310 Safe Schools 5,115,940 4,871,239 4,397,934 4,464,344 4,140,559 (323,785) 3310 Reading Allocation 7,293,136 6,955,264 0 6,586,164 6,326,863 (259,301) 3310 Merit Award Program (MAP) 0 118,133 84,850 78,424 154,123 75,699 3310 Declining Enrollment 436,402 0 0 0 0 0 3310 DJJ Supplement 591,856 375,384 0 296,967 277,827 (19,140) 3310 Instr Materials (moved from state categoricals) 0 0 0 13,926,771 13,619,493 (307,278) 3310 Transporation (moved from state categoricals) 0 0 0 24,413,989 24,812,740 398,751 3310 Teacher Lead (moved from state categoricals) 0 0 0 2,203,706 2,113,767 (89,939) 3323 CO & DS 99,699 98,101 99,271 100,000 100,000 0 3343 State License Tax (Mobile Homes) 316,290 288,934 269,163 300,000 300,000 0 3344 Discretionary Lottery 8,631,112 4,390,903 505,578 686,216 527,913 (158,303) 3361 School Recognition Funds (fund 1101) 10,351,757 10,169,946 9,146,725 9,291,778 8,672,326 (619,452) 3371 Voluntary Pre-K Program 1,812,372 1,695,068 1,865,876 2,412,649 2,428,466 15,817 3399 DCD Transition Supplement 379,284 0 0 0 3399 Other State Sources 98,740 405,762 401,523 400,000 450,000 50,000 Sub-total 158,433,696 78,783,384 74,414,978 135,783,351 111,233,879 (24,549,472) Adult Education 3315 Workforce Development 16,591,748 15,888,063 14,597,921 15,415,994 17,653,059 2,237,065 3317 Workforce Development Incent Prog 611,742 267,703 201,315 233,323 175,275 (58,048) 3318 Adults With Disabilities (fund 1104) 1,392,559 1,241,057 1,009,546 1,127,420 894,684 (232,736) Sub-total 18,596,049 17,396,823 15,808,782 16,776,737 18,723,018 1,946,281 State Categoricals 3334 Teacher Lead Program (moved to base FEFP) 3,034,667 2,348,548 0 0 0 0 3336 Instructional Materials (mvd to base FEFP) 16,504,997 15,845,380 0 0 0 0 3354 Transportation (moved to Base FEFP) 26,966,650 27,280,332 0 0 0 0 3363 Excellent Teacher Program 5,443,462 3,601,306 33,829 1,301,942 0 (1,301,942) 3355 Class Size Reduction - Amend. 9 175,764,111 182,628,451 194,661,445 200,258,799 201,031,843 773,044 Sub-total 227,713,887 231,704,017 194,695,274 201,560,741 201,031,843 (528,898) Local Revenue 3410 Taxes, RLE 783,029,783 790,738,237 781,074,215 724,525,369 721,433,227 (3,092,142) 3409 Taxes, Prior Year RLE 0 0 0 6,853,444 0 (6,853,444) 3410 Taxes, Discretionary 79,182,787 79,718,419 92,284,469 87,672,354 87,354,111 (318,243) 3410 Taxes, Supplementary 17,596,175 16,808,100 0 32,327,564 0 (32,327,564) 3410 Taxes, Voter Approved 0 0 0 0 31,742,046 31,742,046 3422 Payment in Lieu of Taxes 34,961 37,481 40,370 40,000 40,000 0 3423 Excess Fees 343,893 0 0 0 0 0 3425 Rent 1,163,559 944,155 966,734 650,000 900,000 250,000 3431 Interest Income 14,716,934 5,881,600 1,509,904 800,000 500,000 (300,000) 3440 Gifts, Grants, Bequests 2,004,621 1,637,684 1,557,686 1,741,415 1,512,000 (229,415) 3450 Food Services 0 319,290 0 0 0 0 3490 Miscellaneous Local Sources 18,042,550 18,969,437 16,454,453 12,984,788 13,937,164 952,376 3490 Erate (prog 3414) 2,496,530 2,805,670 3,579,417 3,800,000 3,000,000 (800,000) 3490 Microsoft settlement (prog 9953) 0 4,511,811 0 0 0 0 3490 Sprint settlement (fund 1105) 5,000,000 0 0 0 0 0 3494 Federal Indirect Costs 1,892,488 2,653,015 5,820,210 5,000,000 3,130,000 (1,870,000) 3499 Food Service Indirect Costs 889,833 1,078,809 1,253,578 1,000,000 1,000,000 0 3630 Transfer From Capital 60,724,859 61,325,216 79,692,945 80,777,886 80,945,423 167,537 3640 Transfer From Special Revenue 2,728,039 0 0 0 0 0 3700 Loss Recoveries 4,067,925 2,802,742 4,072,584 6,716 0 (6,716) 3066 Estimated Beginning Fund Balance 101,575,071 120,719,671 92,411,299 97,031,967 153,000,000 55,968,033 Sub-total 1,095,490,007 1,110,951,337 1,080,717,863 1,055,211,503 1,098,493,971 43,282,468 Fee Revenue 3461 Adult General Ed. Fees 0 0 0 0 500,000 500,000 3467 GED Testing Fees 0 195,530 179,335 160,000 0 (160,000) 3469 Other Student Fees 1,453,812 1,528,908 1,778,837 1,685,000 1,835,000 150,000 3471 Preschool Program Fees 0 231,794 310,853 500,000 385,000 (115,000) 3473 School Age Child Care Fees 21,569,316 21,538,085 22,705,043 21,500,000 24,000,000 2,500,000 Sub-total 23,023,127 23,494,316 24,974,067 23,845,000 26,720,000 2,875,000 TOTAL GENERAL FUND REVENUE 1,525,481,495 1,468,736,661 1,396,546,338 1,437,883,332 1,462,361,211 24,477,879 Page 45

General Fund Budget Three Year History Adopted/Amended/Actual REVENUE FY 2009 FY 2010 Adopted Amended Actual Adopted Amended Actual Federal Revenue $ 2,963,000 $ 6,406,783 $ 6,406,783 $ 4,399,000 $ 5,935,374 $ 5,935,374 State Revenue 351,630,011 327,884,224 327,884,224 274,100,166 284,919,034 284,919,034 Local Revenue 937,657,307 949,598,025 949,598,025 926,658,267 929,515,102 929,515,102 Incoming Transfers 61,249,929 61,325,216 61,325,216 79,357,064 79,692,945 79,692,945 Other Financing Sources 2,802,742 2,802,742 4,072,584 4,072,584 Beginning Fund Balance 120,719,671 120,719,671 120,719,670 92,411,299 92,411,299 92,411,299 Total Revenue, Transfers, & Fund Balance $ 1,474,219,918 $ 1,468,736,661 $ 1,468,736,660 $ 1,376,925,796 $ 1,396,546,338 $ 1,396,546,338 EXPENDITURES State FY 2009 FY 2010 Function Adopted Amended Actual Adopted Amended Actual Instructional Services 5000 $ 899,077,367 $ 897,637,043 $ 879,909,609 $ 854,471,910 $ 839,310,935 $ 839,310,935 Support Services: Pupil Personnel 6100 44,129,462 43,628,762 41,612,018 32,868,617 33,397,576 33,397,576 Media Services 6200 23,677,286 23,372,219 18,695,327 21,513,461 16,109,452 16,109,452 Curr. Development 6300 31,971,877 32,602,946 32,169,121 25,552,405 23,996,550 23,996,550 Instr. Staff Training 6400 16,150,554 16,510,884 14,002,550 13,618,133 12,513,310 12,513,310 Instr. Rel. Technology 6500 4,952,958 4,782,178 4,557,557 3,228,583 2,895,298 2,895,298 Board of Education 7100 6,804,435 7,037,211 5,169,247 7,989,672 5,578,853 5,578,853 General Admin. 7200 7,549,583 7,558,002 7,274,960 7,288,775 7,363,524 7,363,524 School Admin. 7300 94,567,079 97,664,855 96,097,062 93,143,566 93,237,725 93,237,725 Fac. Acq. & Constr. 7400 458,350 1,460,693 1,379,333 923,636 2,536,359 2,536,359 Fiscal Services 7500 6,254,217 6,212,899 5,828,120 6,805,079 6,192,292 6,192,292 Food Service 7600 Central Services 7700 15,675,737 14,914,937 14,068,826 15,294,993 15,363,023 15,363,023 Pupil Transportation 7800 51,088,671 44,691,840 44,210,090 36,593,980 39,332,418 39,332,418 Operations of Plant 7900 140,592,576 138,130,042 128,427,541 98,993,841 97,614,679 97,614,679 Maintenance of Plant 8100 50,012,199 48,938,354 46,190,284 66,518,856 60,702,315 60,702,315 Admin Technology Serv 8200 5,525,603 5,538,296 5,450,668 9,917,911 9,533,172 9,533,172 Community Services 9100 22,792,789 35,262,423 29,148,357 35,700,424 26,741,817 26,741,817 Debt Service 9200 3,391,177 3,391,177 2,132,792 2,132,792 486,167 486,167 Total Instructional & Support Services $ 1,424,671,918 $ 1,429,334,761 $ 1,376,323,461 $ 1,332,556,632 $ 1,292,905,466 $ 1,292,905,466 Total Transfers 9700 1,899 1,899 Reserves & Ending Fund Balance 49,548,000 39,400,000 92,411,299 44,369,164 103,640,873 103,640,873 Total Expenditures, Transfers & Fund Balance $ 1,474,219,918 $ 1,468,736,661 $ 1,468,736,660 $ 1,376,925,796 $ 1,396,546,338 $ 1,396,546,338 * i Page 46

General Fund Budget Three Year History Adopted/Amended/Actual (Cont'd) REVENUE Federal Revenue State Revenue Local Revenue Incoming Transfers Other Financing Sources Beginning Fund Balance Total Revenue, Transfers, & Fund Balance FY 2012 FY 2011 Estimated Adopted Amended Actual* Revenue $ 4,706,000 $ 4,706,000 $ 6,158,500 361,721,202 354,120,829 330,988,740 899,300,867 901,239,934 891,268,548 81,125,392 80,777,886 80,945,423 6,716 103,640,873 97,031,967 153,000,000 $ 1,450,494,334 $ 1,437,883,332 $ - $ 1,462,361,211 EXPENDITURES State Function Instructional Services 5000 Support Services: Pupil Personnel 6100 Media Services 6200 Curr. Development 6300 Instr. Staff Training 6400 Instr. Rel. Technology 6500 Board of Education 7100 General Admin. 7200 School Admin. 7300 Fac. Acq. & Constr. 7400 Fiscal Services 7500 Food Service 7600 Central Services 7700 Pupil Transportation 7800 Operations of Plant 7900 Maintenance of Plant 8100 Admin Technology Serv 8200 Community Services 9100 Debt Service 9200 Total Instructional & Support Services FY 2012 FY 2011 Tentative Adopted Amended Actual Appropriations $ 920,526,511 $ 905,322,596 $ 910,722,116 34,559,550 34,414,791 38,771,102 17,560,680 17,761,914 19,039,311 22,366,740 22,756,603 25,175,887 12,762,936 13,467,285 12,292,647 3,557,652 3,982,015 6,822,852 6,483,126 6,626,929 6,379,868 6,232,654 6,323,835 4,897,067 96,212,038 97,750,854 92,537,295 845,721 1,413,352 973,947 5,730,964 6,201,447 5,109,311 27,345 38,096 10,441 20,437,895 14,970,923 13,895,327 37,832,707 38,423,284 41,887,496 104,778,006 106,421,318 123,381,402 69,295,845 69,705,617 69,115,876 10,493,750 10,213,935 8,377,491 36,141,128 37,519,374 38,452,612 279,921 200,000 150,000 $ 1,406,125,170 $ 1,393,514,168 $ - $ 1,417,992,047 Total Transfers 9700 Reserves & Ending Fund Balance Total Expenditures, Transfers & Fund Balance 44,369,164 44,369,164 44,369,164 $ 1,450,494,334 $ 1,437,883,332 $ - $ 1,462,361,211 *FY 2011 Actual numbers will be available August 15 and will be included in the Final Adoption book. Page 47

THE SCHOOL DISTRICT OF PALM BEACH COUNTY Analysis of General Fund Appropriations Current FY2012 School Budgets SCHOOLS: REGULAR BUDGET BY FUNCTION AREA Function Area Elementary Middle High Adult Alt. Ed ESE Ctr. Total 5101 Basic K-3 $ 173,293,314 $ 173,293,314 5102 Basic 4-8 70,063,420 107,612,828 1,395,517 1,951,477 384,618 181,407,860 5103 Basic 9-12 463,646 121,971,900 2,443,054 124,878,600 5108 Jr. ROTC 1,532,449 1,532,449 5114 Fine Arts-Art 6,744,082 6,744,082 5117 Fine Arts-Music 7,123,655 7,123,655 5118 Fine Arts-PE 9,377,703 127,946 9,505,649 5130 ESOL 12,982,150 4,799,811 6,531,580 107,877 51,484 24,472,902 5150 General K-12 Classroom 4,361 81,099 85,460 5160 Substitutes 3,945,240 1,478,028 1,999,266 637 47,811 68,899 7,539,881 5161 Substitute for ESE Para's 197,624 62,781 70,673 74,199 405,277 5170 Year Round Supplements 2,116,122 2,148,494 1,811,021 12,450 48,462 41,957 6,178,506 5205 Speech/Language 12,218,777 2,303,022 1,631,305 927,609 17,080,713 5206 Hearing Impaired 575,755 191,918 255,891 63,973 1,087,537 5207 Vision 63,973 63,973 5213 Gifted 19,410,937 383,838 19,794,775 5220 Low Incidence 6,022,940 2,611,199 2,198,227 827,009 11,659,375 5221 Varying Exceptionalities 16,164,637 11,960,692 11,800,257 590,334 274,042 40,789,962 5223 Emotional/Behavior Disabled 2,356,803 2,356,803 1,841,326 1,620,754 8,175,686 5224 Intellectually Disabled 2,519,431 1,696,549 3,366,718 1,916,948 9,499,646 5225 Pre-K ESE 9,667,423 400 2,160,291 11,828,114 5310 Vocational 6-12 14,185,588 191,919 352,752 14,730,259 5410 Adult Education 7,907,921 7,907,921 5970 Seasonal Supplements 859,859 1,325,641 4,326,578 47,454 4,999 6,564,531 6112 Attendance and Social Work 2,542,320 641,520 3,183,840 6122 Guidance Counselors 7,589,322 4,622,301 7,865,363 232,502 573,730 139,957 21,023,175 6123 ESOL Guidance Counselors 2,309,307 559,832 1,119,660 3,988,799 6132 Health Services 15,000 502,500 92,769 610,269 6142 Psychological Services 127,946 127,946 6152 Parental Involvement 30,714 30,714 6192 Other Pupil Personnel Services 218,841 218,841 6202 Instructional Media Services 9,428,645 3,186,145 2,989,942 59,570 102,028 15,766,330 6303 ESE Contacts 3,486,474 1,055,538 735,678 70,773 64,972 5,413,435 6304 ESOL Contacts 2,629,043 641,230 641,230 3,911,503 6312 Crisis Intervention 457,212 457,212 6402 Instructional Staff Training 1,048,870 399,817 557,166 17,880 83,658 2,107,391 6501 Instruction Related Technology 43,526 43,526 7310 School Administration 37,672,676 20,240,994 16,891,650 3,969,070 1,986,841 787,753 81,548,983 7802 Student Transportation 1,650 1,650 7803 Field/Activity Trips 69,000 1,108 70,108 7902 Operation Of Plant 19,392,842 8,457,582 11,437,072 196,656 775,752 395,636 40,655,540 7922 Security 67,894 2,075,502 1,623,455 127,706 371,364 123,788 4,389,709 8201 Administrative Technology Serv 43,674 43,674 9110 Community Services 32,210 32,210 Sub-Totals $ 442,290,273 $ 180,812,065 $ 219,479,358 $ 12,642,019 $ 9,964,287 $ 10,786,982 $ 875,974,983 Page 48

THE SCHOOL DISTRICT OF PALM BEACH COUNTY Analysis of General Fund Appropriations Current FY2012 School Budgets SCHOOL BUDGET ITEMIZATION CONTINUED: RESTRICTED CATEGORICALS Program Area Elementary Middle High Adult Alt. Ed ESE Ctr. Total 3006 Extended Day $ 366,440 $ 366,440 3012 Instructional Tech Sprt Asst 3,665,844 33,943 3,699,787 3016 School Year Voluntary Pre-K 3,522,141 109,963 3,632,104 3017 Summer Voluntary Pre-K 97,645 97,645 3018 Dual Language Teachers 8,079,498 577,107 8,656,605 3020 In School Suspension 15,958 498,265 424,473 89,363 1,028,059 3025 SAI Categorical 6,973,057 6,973,057 3026 Middle School Course Recovery 20,000 1,010,000 20,000 1,050,000 3029 Credit Recovery Program 15,799 774,144 789,943 3030 Magnet Program 4,151,070 3,023,154 6,949,669 14,123,893 3031 Montessori 46,634 46,634 3035 Gender Equity 5,000 66,000 230,000 10,000 311,000 3040 School Improvement 2,700 2,465 1,335 6,500 3062 K-12 Reading Initiative CRRP 2,086,982 740,542 403,932 3,231,456 3065 Advanced Placement/IB 6,374,171 6,374,171 3067 Homework Hotline 9,000 9,000 3078 Vocational-Middle Sch 66,153 5,655,006 5,721,159 3079 Above Formula 440,716 195,037 589,690 1,225,443 3080 Trade Offs 2,926,153 3,186,736 10,197,850 16,310,739 3086 Juvenile Justice (DJJ) 1,926,517 1,926,517 3417 Alternative to Suspension Prog 740,162 740,162 3418 Drop Back In 606,615 606,615 3450 Safe Schools 1,113,336 1,113,336 6212 PTA_PTO 15,655 15,655 6436 Breakthrough To Literacy-0191 2,000 2,000 6617 Continue to Care Program 159,431 159,431 6711 FAU Donations to Pine Jog 2,000 2,000 9034 ESE OTS 159,362 159,362 9046 Adult & Community Education 1,799,517 1,799,517 9264 Staff Development 230,753 90,387 91,632 4,234 417,006 9571 Americans W/Disabilities Act 205,699 54,722 100,302 360,723 9904 504 Accommodations 26,069 26,069 9922 Sabbatical Leave 73,147 59,159 132,306 9923 Union President 63,973 63,973 9982 Copier Service 25,000 25,000 Sub-Totals $ 33,260,517 $ 15,158,579 $ 26,276,161 $ 1,824,517 $ 4,485,993 $ 197,539 $ 81,203,307 TOTAL BUDGET $ 475,550,790 $ 195,970,644 $ 245,755,519 $ 14,466,536 $ 14,450,280 $ 10,984,521 $ 957,178,290 Virtual Schools 2,344,020 Charter Schools 69,702,163 School Recognition & Adults w/disabilities 10,465,790 Adult Education Overhead 95,006 Fee Based - Community Schools 1,000,000 Fee Based -School Age Child Care (SACC) 21,746,445 103,009,404 TOTAL GENERAL FUND SCHOOL BUDGETS (including Fee Based programs) $1,060,187,694 Page 49

LEGISLATIVE MANDATE CLASS SIZE REDUCTION AMENDMENT Summary: In November of 2002, Section 1 of Article IX was amended to implement class size reduction legislation. School Districts must reduce in each of three grade groupings by at least two students per-year as follows; 2003-2004, 2004-2005, 2005-2006 at the district level, 2006-2007, 2007-2008, 2008-2009 and 2009-2010 at the school level and 2010-2011 at the classroom level. These averages apply to only core class subject areas. Excerpts from Amended Article IX, Section 1: To assure that children attending public schools obtain a high quality education, the legislature shall make adequate provision to ensure that, by the beginning of the 2010 school year, there are a sufficient number of classrooms so that: 1. The maximum number of students who are assigned to each teacher for pre-kindergarten through grade 3 does not exceed 18 students. 2. The maximum number of students who are assigned to each teacher for grades 4 through 8 does not exceed 22 students. 3. The maximum number of students who are assigned to each teacher for grades 9 through 12 does not exceed 25 students. 4. The class size requirements do not apply to extracurricular classes. The Department of Education collected information from the School Districts to arrive at a baseline for district class size averages in core courses. The Palm Beach County School District 2003 baseline district class size averages in grades PK-3, 4-8 and 9-12 are 25.51, 25.19 and 23.82, respectively. For FY 2004, Palm Beach County focused class size reduction efforts on the highest needs schools through the District s Accelerated Academic Achievement (AAA) Plan. Since FY 2005, the District has adjusted its allocation formulas in order to evenly distribute class size reduction teachers to all schools. FY 2012 State Allocation: $201,031,843.00 Page 50

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GENERAL FUND APPROPRIATIONS COMPARISON OF FY 2011 TO FY 2012 Fiscal Year 2011 Community Services 2.6% Contingency 31% 3.1% Administrative Support 7.7% Central Support 17.2% Instructional Support 6.4% Instructional 63.0% Community Services 2.6% Fiscal Year 2012 Contingency 3.0% Administrative Support 7.1% Central Support 18.0% Instructional 62.3% Instructional Support 7.0% Page 52

GENERAL FUND APPROPRIATIONS COMPARISON OF FY 2011 TO FY 2012 FY 2011 FY 2012 State Est. Year-end Tentative Increase/ Category * Function Appropriations Appropriations (Decrease) Instruction Instruction 5000 $ 905,322,596 $910,722,116 $5,399,520 * Total Instruction: $905,322,596 $910,722,116 $5,399,520 Instructional Support Services Pupil Personnel Services 6100 34,414,791 $38,771,102 $4,356,311 * Instructional Media Services 6200 17,761,914 19,039,311 1,277,397 Instruction & Curriculum Dev. Serv. 6300 22,756,603 25,175,887 2,419,284 * Instructional Staff Training Services 6400 13,467,285 12,292,647 (1,174,639) Instruction Related Technology 6500 3,982,015 6,822,852 2,840,837 * Total Instructional Support Services: $92,382,609 $102,101,798 $9,719,190 Central Support Services Facilities Acquisition & Construction 7400 1,413,352 $973,947 ($439,405) Fiscal Services 7500 6,201,447 5,109,311 (1,092,136) Food Services 7600 38,096 10,441 (27,655) Central Services 7700 14,970,923 13,895,327 (1,075,596) Pupil Transportation Services 7800 38,423,284 41,887,496 3,464,212 * Operation of Plant 7900 106,421,318 123,381,402 16,960,084 * Maintenance of Plant 8100 69,705,617 69,115,876 (589,741) Admin Technology Services 8200 10,213,935 8,377,491 (1,836,444) * Debt Service 9200 200,000 150,000 (50,000) Total Central Support Services: $247,587,972 $262,901,291 $15,313,320 Administrative Support Services Board 7100 6,626,929 $6,379,868 ($247,061) General Administration 7200 6,323,835 4,897,067 (1,426,768) School Administration 7300 97,750,854 92,537,295 (5,213,558) * Total Administrative Support Services: $110,701,617 $103,814,230 ($6,887,387) Community Services Community Services 9100 37,519,374 38,452,612 933,238 Total Community Services: 37,519,374 38,452,612 933,238 Countywide Reserves/Transfers Board Contingency Fund 2700 $ 44,369,164, $44,369,164, $0 Transfers Out 9700 Total Countywide Reserves/Transfers: $44,369,164 $44,369,164 $0 GRAND TOTAL $1,437,883,332 $1,462,361,211 $24,477,879 * Descriptions of these functional areas as defined by the State Department of Education's Financial and Program Cost Accounting manual ("Red Book") are on the following pages. Variations greater than one tenth of one percent of the total budget, (.1% * $1,462,361,211 211 = $1,462,361, are also explained. Page 53

DEFINITION OF APPROPRIATION CLASSIFICATIONS AND EXPLANATION OF GENERAL FUND APPROPRIATION VARIANCES The following pages explain the different functional areas in which the school district accounts for its operations. The descriptions are from the State Department of Education s Redbook. These descriptions should provide insight into the preceding appropriation comparison pages. The bold face type indicates explanations of variances greater than one tenth of one percent ($1,462,361) when comparing the FY 2011 budget to FY 2012 tentative budget. The overall increase from the FY2011 budget to the FY2012 tentative budget is $24,477,879. 5000 Instruction. Instruction includes the activities dealing directly with the teaching of pupils, or the interaction between teacher and pupils. Included here are the activities of aides or assistants of any type which assist in the instructional process. Instruction encompasses the following: 5100 Basic (FEFP K-12), 5200 Exceptional, 5300 Vocational-Technical, 5400 Adult General, 5500 Pre-kindergarten and 5900 Other Instruction. The net increase of $5.4 million is the result of adding instructional resources to schools for class size compliance and enrollment increases. These increases are partially offset by a reduction in benefit costs due to lower Florida Retirement Service (FRS) rates. 6000 Instructional Support Services. Provides administrative, technical (such as guidance and health), and logistical support to facilitate and enhance instruction. Instructional Support Services encompasses the following: 6100 Pupil Personnel Services. Those activities which are designed to assess and improve the well being of pupils and to supplement the teaching process. Pupil Personnel Services encompasses the following: Attendance and Social Work; Guidance Services; Health Services; Psychological Services; Parental Involvement; and Other Pupil Personnel Services Budgets for attendance clerks, school psychologists, and the school nurse contract, which were funded by State Stabilization funding in FY2011, have been moved back to General Fund for FY2012, accounting for the $4.4 million increase in this category. 6200 Instructional Media Services. Consists of those activities concerned with the use of all teaching and learning resources, including hardware and content materials. 6300 Instruction and Curriculum Development Services. Activities designated to aid teachers in developing the curriculum, preparing and utilizing special curriculum materials, and understanding and appreciating the various techniques which stimulate and motivate pupils. Included in this function are the following instructional support specialists: primary, technology, learning resource, and behavioral. Budgets for select ESE contacts, ESOL coordinators, and magnet coordinators, which were funded by State Stabilization funding in FY2011, have been moved back to General Fund for FY2012, accounting for the $2.4 million increase to this category. Page 54

DEFINITION OF APPROPRIATION CLASSIFICATIONS AND EXPLANATION OF GENERAL FUND APPROPRIATION VARIANCES 6400 Instructional Staff Training Services. Activities designed to contribute to the professional or occupational growth and competence of members of the instructional staff during the time of their service to the school board or school. Among these activities are workshops, demonstrations, school visits, courses for college credits, sabbatical leaves, and travel leaves. 6500 Instruction Related Technology. Technology activities and services for the purpose of supporting instruction. These activities include expenditures for internal technology support as well as support provided by external vendors using operating funds. These activities include costs associated with the administration and supervision of technology personnel, systems planning and analysis, systems application development, systems operations, network support services, hardware maintenance and support services, and other technologyrelated costs that are related to the support of instructional activities. Specifically, costs associated with the operation and support of computer learning labs, media center computer labs, instructional technology centers, instructional networks, and similar operations should be captured in this code. The budget for Instructional Technology Support Assistants (ITSAs), which was funded from State Stabilization funding in FY2011, has been moved back to General Fund for FY2012, accounting for the $2.8 million increase to this category. 7000 General Support Services. Consist of those activities concerned with establishing policy, operating schools and the school system, and providing the essential facilities and services for the staff and pupils. 7100 Board. Consists of the activities of the elected or appointed body which has been created according to state law and vested with responsibilities for educational activities in a given administrative unit. Also included here are expenses of Board Attorney and other legal services, independent auditors, internal auditors that report directly to the Board, negotiators, lobbyists, etc. 7200 General Administration (Superintendent s Office). Consists of those activities performed by the superintendent and assistant superintendents in general direction and management of all affairs of the school system. This includes all personnel and materials in the office of the superintendent. 7300 School Administration (Office of the Principal). Consists of those activities concerned with directing and managing the operation of a particular school. It includes the activities performed by the principal, assistant principal, and other assistants in general supervision of all operations of the school, evaluations of staff. A decrease in the FRS benefit rate, offset by the increase in health insurance costs, (net $3.8 million), a decline in school administrative positions, ($1.0 million), and the reduction of one school secretary clerk at the high school level, ($800,000), account for the $5.2 million decrease to this category. Page 55

DEFINITION OF APPROPRIATION CLASSIFICATIONS AND EXPLANATION OF GENERAL FUND APPROPRIATION VARIANCES 7500 Fiscal Services. Consists of those activities concerned with fiscal operation of the school system. This function includes budgeting, receiving and disbursing cash, financial accounting, payroll, inventory control, and internal auditing. 7700 Central Services. Activities, other than general administration, which support each of the other instructional and supporting services programs. These activities are defined in the following sub-functions: 7710 Planning, Research, Development, and Evaluation Services; 7720 Information Services; 7730 Staff Services; 7740 Statistical Services; 7760 Internal Services; and 7790 Other Central Services. 7800 Pupil Transportation Services. Consists of those activities which have as their purpose the conveyance of pupils to and from school activities, either between home and school, school and school, or on trips for curricular or co-curricular activities. Budgets for bus drivers and bus attendants, which were funded by State Stabilization funds and IDEA-ARRA funds in FY2011, have been moved back to General Fund for FY2012. This shift, coupled with the rising cost of diesel fuel, accounts for the $3.5 million increase to this category. 7900 Operation of Plant. Consists of activities concerned with keeping the physical plant open and ready for use. Major components of this function are utilities, including telephone service, custodial costs, and insurance costs associated with the school buildings. Includes cleaning, disinfecting, heating, moving furniture, caring for grounds, security and other such activities that are performed on a daily, weekly, monthly or seasonal basis. Budgets for custodians and school police staff, which were funded by State Stabilization funds in FY2011, have been moved back to General fund for FY2012, accounting for the $17.0 million increase to this category. 8100 Maintenance of Plant. Consists of activities that are concerned with keeping the grounds, buildings, and equipment at an acceptable level of efficiency through repairs or preventative maintenance. 8200 Administrative Technology Services. Technology activities that support the school district s information technology systems, including support of the administrative networks, maintenance of administrative information systems, and administrative and managerial data processing. These activities include expenditures for internal technology support, as well as support provided by external vendors using operating funds. These activities include costs associated with the administration and supervision of technology personnel, systems planning and analysis, systems application development, systems operations, network support services, hardware maintenance and support services, and other technology-related administrative costs. Reductions to technology department budgets account for the $1.8 million decrease to this category. Page 56

DEFINITION OF APPROPRIATION CLASSIFICATIONS AND EXPLANATION OF GENERAL FUND APPROPRIATION VARIANCES 9100 Community Services. Community Services consist of those activities that are not related to providing education for pupils in a school system. These include services provided by the school system for the community as a whole or some segment of the community, such as community recreation programs, civic activities, public libraries, programs of custody and care of children, and community welfare activities. 9200 Debt Service. Expenditures for the retirement of debt and expenditures for interest on debt including interest on current loans. 9700 Transfer of Funds. These are budgeted transactions which withdraw money from one fund and place it in another fund within the same government reporting entity. 2700 Ending Fund Balance. The excess of total projected revenue and beginning fund balance over the total appropriations. This ending fund balance may be designated or designated. Page 57

CAPITAL BUDGET TENTATIVE 2011-2012 REVENUE & APPROPRIATIONS ($000,000) The Capital Budget accounts for the financial resources that the district uses for acquisition or construction of major capital facilities and improvements to existing facilities. Land acquisition, equipment purchases, buses, maintenance and capital debt service are also accomplished with these funds. REVENUE Tentative % of Budget Total 1) CO & DS Distributed $1.2 0.19% 2) Interest on Undistributed CO & D 0.1 0.01% 3) Charter School Capital Outlay 3.5 0.57% 4) Millage 198.1 32.82% 5) Local Sales Tax 0.0 0.00% 6) Interest 0.9 0.15% 7) Impact Fees 1.5 0.25% 8) Sale of Bonds 4.6 0.75% 9) Fund Balance 393.9 65.26% TOTAL REVENUE $603.6 100.00% Impact Fees Interest Local Sales Tax Millage Sale of Bonds Charter School Capital Outlay Interest on Undistributed CO & DS 2011-2012 Tentative Revenue Fund Balance CO & DS Distributed APPROPRIATIONS 2011-2012 Tentative Appropriations Tentative % of Budget Total 1) Buildings & Fixed Equip. $306.7 50.82% 2) Furniture, Fixtures, & Equip. 24.2 4.01% 3) Remodeling & Renovations 29.4 4.87% 4) Land 3.6 0.60% 5) Motor Vehicles 4.3 0.70% 6) Improvements 2.7 0.45% 7) Computer Software 1.6 0.27% 8) Other 1.6 0.27% 9) Transfers Out 229.4 38.01% TOTAL BUDGET $603.6 100.00% Other Computer Software Transfers Out Improvements Motor Vehicles Buildings & Fixed Equip. Land Remodeling & Renovations Furniture, Fixtures, & Equipment Page 58