Neighborhood School September 30, 2017 RE: Officers Certificate for Neighborhood School relating to the quarterly report for quarter ending September 30, 2017. (i) unaudited financial statements of the School (follows) (ii) The total school enrollment for the 2017-18 school year is 467 students, an increase of 93 students from the 2016-17 school year. The waitlist as of September 30, 2017 is 287 students. The average ADA is 95.5%. (iii) Changes in Administrative Personnel include the following: Addition of Executive Director, Margaret Ameel, addition of Interim Principal, Wayne Morris, removal of Principal, Christine Montanez (iv) At this time, there have been no notifications, reports or communication with respect to charter non-compliance that would allow the corporation's charter authorizer to begin any process or proceedings toward charter revocation or which indicate an intent not to renew any such charter. If you have fu11her question about this matter, please do not hesitate to call. Neighborhood School, Serving Downtown, 1462 Broadway St, Fresno CA 93722 (559) 495-0849, W cb Site: www.school.org
Neighborhood School Balance Sheet As of September 30, 2017 Financial Row Amount ASSETS Assets Bank 9120-KEPLER - Cash in Bank - Neighborhood School 9110- - Cash in County account (deposit only) $223,901.10 9121-5499 - Cash in Bank - Neighborhood School: Premier (main) $499,272.07 9130-KEPL - Petty Cash: no bank account - KEPL (Petty Cash) $400.00 Total - 9120-KEPLER - Cash in Bank - Neighborhood School $723,573.17 Total Bank $723,573.17 Accounts Receivable 9200 - Accounts Receivable 9211 - AR - Title I ($56.00) 9226 - AR- Child Nutrition (Federal) $19,835.15 9230 - AR - State Aid $1.00 9232 - AR - Property Taxes $54,701.41 9233 - AR - Lottery $20,947.89 9246 - AR - Child Nutrition (State) $195.75 9247 - AR - School Facilities Apportionment $66,130.48 9249 - AR - Other State Grants $5,000.66 9251 - AR - Gen Purpose prior yr adjustment (Due from District) $15,110.00 9254 - AR - AR2 $0.38 Total - 9200 - Accounts Receivable $181,866.72 Total Accounts Receivable $181,866.72 Other Asset 9330 - Prepaid Expenditures (Expenses) $25,566.62 Total Other Asset $25,566.62 Total Assets $931,006.51 Fixed Assets 9420 - Land Improvements $22,590.98 9425 - Accumulated Depreciation - Land Improvements ($22,590.99) 9440 - Equipment $12,636.43 9445 - Accumulated Depreciation-Equipment ($631.82) 9460 - Fixed Asset - Leasehold Improvements $78,769.33 9465 - Accumulated Depreciation - Leaseholds ($3,938.47) Total Fixed Assets $86,835.46 Other Assets 9360 - Other Asset - Deposits $10,000.00 Total Other Assets $10,000.00 Total ASSETS $1,027,841.97 LIABILITIES & EQUITY Liabilities Accounts Payable 9500 - Accounts Payable 9500 - Accounts Payable $7,606.06 Total - 9500 - Accounts Payable $7,606.06 Total Accounts Payable $7,606.06 Credit Card 9515-KEPLER - Credit Card Summary - KEPLER $7,448.02 Total Credit Card $7,448.02 Other Liability 9502 - AP - District Oversight Fee $3,510.78 9503 - AP - Special Education $109,886.50 9514 - AP - Other $8,542.34
9530 - Garnishment/Lien Payable ($541.39) 9555 - Retirement Liability - STRS ($878.54) 9571 - Wages Payable (July & August) $16,133.97 9655 - Deferred Rent (liability) $147,612.85 Total Other Liability $284,266.51 Total Liabilities $299,320.59 Long Term Liabilities 9660 - Long Term Liabilities 9670 - CDE Loan $52,088.00 Total - 9660 - Long Term Liabilities $52,088.00 Total Long Term Liabilities $52,088.00 Equity Retained Earnings $1,016,406.84 Net Income ($339,973.46) Total Equity $676,433.38 Total LIABILITIES & EQUITY $1,027,841.97
vs. % SUMMARY Revenue LCFF Entitlement 134,542 134,542 260,020 529,104 3,615,548 3,615,493 (55) 3,086,389 15% Federal Revenue - - 22,162 22,162 177,155 184,492 7,337 162,330 12% Other State Revenues - - - - 455,659 533,724 78,065 533,724 0% Local Revenues 14,971 5,351 7,689 28,011 44,607 52,848 8,240 24,837 53% Fundraising and Grants 6,625 316 1,348 8,289 23,547 23,547-15,258 35% Total Revenue 156,137 140,209 291,220 587,566 4,316,516 4,410,103 93,587 3,822,537 13% Expenses Compensation and Benefits 59,377 203,362 196,584 459,323 2,307,413 2,408,491 (101,077) 1,949,168 19% Books and Supplies 44,237 30,371 30,164 104,772 311,204 339,704 (28,500) 234,932 31% Services and Other Operating Expenditures 115,347 100,286 96,541 312,174 1,644,264 1,610,775 33,489 1,298,601 19% Depreciation - - 29,992 29,992 4,930 4,600 330 (25,392) 652% Other Outflows 7,058 3,102 11,118 21,278 - - - (21,278) Total Expenses 226,020 337,121 364,398 927,539 4,267,811 4,363,570 (95,759) 3,436,031 21% Operating Income (69,883) (196,912) (73,179) (339,973) 48,705 46,533 (2,172) 386,507 Fund Balance Beginning Balance (Unaudited) 1,016,407 1,016,407 Operating Income 48,705 46,533 Ending Fund Balance 1,065,112 1,062,940
KEY ASSUMPTIONS vs. % Enrollment Summary K-3 216 216-4-6 144 144-7-8 92 92 - Total Enrolled 452 452 - ADA % K-3 94.0% 94.0% 0.0% 4-6 95.0% 95.0% 0.0% 7-8 95.0% 95.0% 0.0% Average ADA % 94.5% 94.5% 0.0% ADA K-3 203.0 203.0-4-6 136.8 136.8-7-8 87.4 87.4 - Total ADA 427.2 427.2 -
REVENUE vs. % LCFF Entitlement 8011 Charter Schools General Purpose Entitlement - State Aid 134,542 134,542 242,175 511,259 3,188,680 3,188,624 (55) 2,677,365 16% 8012 Education Protection Account Entitlement - - 17,845 17,845 85,448 85,448-67,603 21% 8096 Charter Schools in Lieu of Property Taxes - - - - 341,420 341,420-341,420 0% SUBTOTAL - LCFF Entitlement 134,542 134,542 260,020 529,104 3,615,548 3,615,493 (55) 3,086,389 15% Federal Revenue 8220 Child Nutrition Programs - - - - 95,167 95,167-95,167 0% 8291 Title I - - 19,396 19,396 80,794 77,582 (3,212) 58,186 25% 8292 Title II - - 2,766 2,766 1,194 11,743 10,549 8,977 24% SUBTOTAL - Federal Revenue - - 22,162 22,162 177,155 184,492 7,337 162,330 12% Other State Revenue 8319 Other State Apportionments - Prior Years - - - - - 32,075 32,075 32,075 0% 8520 Child Nutrition - State - - - - 7,077 7,077-7,077 0% 8545 School Facilities Apportionments - - - - 320,430 353,550 33,120 353,550 0% 8550 Mandated Cost Reimbursements - - - - 5,071 58,137 53,066 58,137 0% 8560 State Lottery Revenue - - - - 80,748 82,885 2,136 82,885 0% 8590 All Other State Revenue - - - - 42,332 - (42,332) - SUBTOTAL - Other State Revenue - - - - 455,659 533,724 78,065 533,724 0% Local Revenue 8634 Food Service Sales 1,804 2,011 210 4,026 10,000 10,000-5,974 40% 8660 Interest 283-219 502 619 619-117 81% 8676 After School Program Revenue 591 139-730 10,300 10,300-9,570 7% 8693 Field Trips 305 20 298 623 15,450 15,450-14,827 4% 8699 All Other Local Revenue 11,896 2,174 197 14,268 6,760 15,000 8,240 732 95% 8702 Revenue Program 2 - - - - 206 206-206 0% 8703 Revenue Program 3 - - - - 1,273 1,273-1,273 0% 8999 Uncategorized Revenue 91 1,006 6,765 7,862 - - - (7,862) SUBTOTAL - Local Revenue 14,971 5,351 7,689 28,011 44,607 52,848 8,240 24,837 53% Fundraising and Grants 8802 Donations - Private 6,625 316 1,348 8,289 5,976 5,976 - (2,313) 139% 8803 Fundraising - - - - 12,071 12,071-12,071 0% 8811 Fresno Rotary Grant - - - - 5,500 5,500-5,500 0% SUBTOTAL - Fundraising and Grants 6,625 316 1,348 8,289 23,547 23,547-15,258 35% TOTAL REVENUE 156,137 140,209 291,220 587,566 4,316,516 4,410,103 93,587 3,822,537 13%
EXPENSES vs. % Compensation & Benefits Certificated Salaries 1100 Teachers Salaries 1,609 114,038 103,310 218,957 1,125,708 1,133,189 (7,481) 914,232 19% 1101 Teacher - Stipends - - - - 8,034 8,034-8,034 0% 1103 Teacher - Substitute Pay - - - - 1,530 1,530-1,530 0% 1300 Certificated Supervisor & Administrator Salaries 24,098 21,098 21,098 66,294 253,325 321,678 (68,353) 255,384 21% SUBTOTAL - Certificated Salaries 25,707 135,136 124,408 285,251 1,388,596 1,464,431 (75,834) 1,179,179 19% Classified Salaries 2100 Classified Instructional Aide Salaries - 11,684 12,683 24,367 121,966 135,972 (14,006) 111,605 18% 2400 Classified Clerical & Office Salaries 3,017 8,217 7,633 18,867 116,776 90,972 25,804 72,104 21% 2904 Other Classified - Security/yard duty - 3,591 3,969 7,559 39,762 48,793 (9,031) 41,234 15% 2905 Other Classified - After School - 4,575 5,403 9,979 32,879 54,817 (21,937) 44,838 18% 2912 Other Classified - Custom 4 2,945 3,113 3,113 9,170 22,032 36,870 (14,838) 27,700 25% 2928 Other Classified - Food - 5,179 5,491 10,671 52,835 57,078 (4,243) 46,407 19% 2930 Other Classified - Maintenance/grounds - 2,244 3,177 5,421 32,844 32,259 585 26,839 17% SUBTOTAL - Classified Salaries 5,963 38,603 41,468 86,034 419,095 456,760 (37,666) 370,727 19% Employee Benefits 3100 STRS 3,438 19,140 17,097 39,675 199,215 200,057 (842) 160,382 20% 3300 OASDI-Medicare-Alternative 829 4,848 4,894 10,571 52,693 61,015 (8,321) 50,443 17% 3400 Health & Welfare Benefits 23,441 4,451 7,918 35,809 184,464 159,500 24,964 123,691 22% 3500 Unemployment Insurance - 1,184 798 1,983 25,208 26,191 (983) 24,208 8% 3600 Workers Comp Insurance - - - - 38,142 40,537 (2,395) 40,537 0% SUBTOTAL - Employee Benefits 27,708 29,623 30,707 88,038 499,722 487,300 12,423 399,262 18% Books & Supplies 4100 Textbooks & Core Curricula Materials 4,080 9,087 2,690 15,857 40,000 40,000-24,143 40% 4201 Library Books & Furniture - - - - 10,000 15,000 (5,000) 15,000 0% 4315 Custodial Supplies 186 2,266 375 2,827 8,000 8,000-5,173 35% 4325 Instructional Materials & Supplies 952 7,192 2,301 10,445 25,796 25,796-15,351 40% 4330 Office Supplies 435 1,747 2,666 4,848 8,593 8,593-3,745 56% 4335 PE Supplies - 66-66 1,030 1,030-964 6% 4340 Professional Development Supplies 6,025 - - 6,025 500 6,000 (5,500) (25) 100% 4351 Yearbook - - - - 500 500-500 0% 4352 Sports - - 2,455 2,455 600 2,600 (2,000) 145 94% 4354 Electives - 325 611 936 6,000 6,000-5,064 16% 4366 After School Program Materials - - - - 1,500 6,500 (5,000) 6,500 0% 4410 Classroom Furniture, Equipment & Supplies 5,860 8,729 2,339 16,928 35,000 20,000 15,000 3,072 85% 4420 Computers (individual items less than $5k) 26,483 - - 26,483 25,000 27,000 (2,000) 517 98% 4430 Non Classroom Related Furniture, Equipment & Supplies 196 489 7,997 8,682 15,000 39,000 (24,000) 30,318 22% 4710 Student Food Services - - 8,648 8,648 130,000 130,000-121,352 7% 4720 Other Food 20 471 81 573 3,685 3,685-3,113 16%
vs. % Jul Aug Sep SUBTOTAL - Books and Supplies 44,237 30,371 30,164 104,772 311,204 339,704 (28,500) 234,932 31% Services & Other Operating Expenses 5200 Travel & Conferences - 178 150 328 15,000 15,000-14,672 2% 5300 Dues & Memberships 139 384 293 816 2,513 2,513-1,697 32% 5450 Insurance - Other - 2,397 4,985 7,382 25,000 25,000-17,618 30% 5520 Security 260-301 561 1,800 1,800-1,239 31% 5535 Utilities - All Utilities 4,326 4,109 7,580 16,015 41,500 82,000 (40,500) 65,985 20% 5610 Rent 75,595 61,779 61,595 198,969 589,251 589,251-390,282 34% 5611 Prop 39 Related Costs - - - - 132,000 11,000 121,000 11,000 0% 5615 Repairs and Maintenance - Building 2,384 498 498 3,381 5,150 15,000 (9,850) 11,619 23% 5616 Deferred Rent - - - - 152,046 152,046-152,046 0% 5617 Repairs and Maintenance - Other Equipment 119 - - 119 1,545 1,545-1,426 8% 5631 Other Rentals, Leases and Repairs 1-2,634 1,054 3,688 2,000 2,000 - (1,688) 184% 5632 Other Rentals, Leases and Repairs 2 - - - - - 23,512 (23,512) 23,512 0% 5699 Other Rentals, Leases and Repairs 6 - - - - 1,133 1,133-1,133 0% 5803 Accounting Fees 3,332 - - 3,332 10,300 10,300-6,968 32% 5809 Banking Fees 8 27 19 53 1,146 1,146-1,093 5% 5812 Business Services 11,789 9,721 9,721 31,230 125,000 116,650 8,350 85,420 27% 5815 Consultants - Instructional - - 3,926 3,926 15,840 15,840-11,914 25% 5822 Consultants - Non Instructional - Custom 3 - - 191 191 20,000 40,000 (20,000) 39,809 0% 5824 District Oversight Fees - - - - 36,155 36,155 1 36,155 0% 5830 Field Trips Expenses (2,760) - 544 (2,216) 35,256 35,256-37,472-6% 5833 Fines and Penalties - - - - 1,000 1,000-1,000 0% 5839 Fundraising Expenses - 418-418 4,000 4,000-3,582 10% 5843 Interest - Loans Less than 1 Year - - 74 74 - - - (74) 5845 Legal Fees - 5,748 3,267 9,014 3,000 13,000 (10,000) 3,986 69% 5848 Licenses and Other Fees 378 - - 378 1,133 1,133-755 33% 5851 Marketing and Student Recruiting - - - - 4,000 4,000-4,000 0% 5856 Mental Health Consultant - - - - 7,500 7,500-7,500 0% 5857 Payroll Fees 254 358 393 1,004 2,737 2,737-1,733 37% 5860 Printing and Reproduction 756 2,602 756 4,113 10,000 10,000-5,887 41% 5863 Professional Development - 520 2,450 2,970 24,835 14,835 10,000 11,865 20% 5872 Special Education Encroachment - - - - 331,965 331,965-331,965 0% 5874 Sports (60) - - (60) 1,545 3,545 (2,000) 3,605-2% 5881 Student Information System - - - - 15,450 15,450-15,450 0% 5893 Transportation - Student - - - - 155 155-155 0% 5899 Miscellaneous Operating Expenses 11,603 - - 11,603 - - - (11,603) 5900 Communications - 3,408-3,408 - - - (3,408) 5915 Postage and Delivery - 49 148 197 2,060 2,060-1,863 10% 5920 Communications - Telephone & Fax 7,227 5,458 (1,403) 11,282 22,248 22,248-10,966 51% SUBTOTAL - Services & Other Operating Exp. 115,347 100,286 96,541 312,174 1,644,264 1,610,775 33,489 1,298,601 19% Capital Outlay & Depreciation 6200 Buildings & Improvement of Buildings - - 29,992 29,992 - - - (29,992) 6900 Depreciation - - - - 4,930 4,600 330 4,600 0%
vs. % SUBTOTAL - Capital Outlay & Depreciation - - 29,992 29,992 4,930 4,600 330 (25,392) 652% Other Outflows 7999 Uncategorized Expense 7,058 3,102 11,118 21,278 - - - (21,278) SUBTOTAL - Other Outflows 7,058 3,102 11,118 21,278 - - - (21,278) TOTAL EXPENSES 226,020 337,121 364,398 927,539 4,267,811 4,363,570 (95,759) 3,436,031 21%