CWC LA - Cash Balance (October 2012)

CWC LA - Cash Balance (October 2012) 1,200,000 Cash Balance 1,000,000 800,000 ($1,000s) 600,000 400,000 200,000 - (200,000) CWC LA - Actuals/Projected CWC LA - ed 1 1

CWC Hollywood - Financial Dashboard (October 2012) ($1,000s) $450 $400 $350 $300 $250 $200 $150 $100 $50 $- $(50) Cash Balance Income Statement Actual YTD YTD YTD B/(W) Total Forecast % of Total Full Year Total % of Total B/(W) Principal Apportionment 206,856 246,045 (39,189) 1,296,092 54% 1,181,030 52% 115,062 Federal Revenue 11,501 13,135 (1,634) 130,756 5% 125,070 5% 5,686 State Revenue 55,437 60,939 (5,502) 350,254 15% 368,089 16% (17,835) Other Local Revenue 51,664 53,555 (1,891) 251,729 11% 242,563 11% 9,165 Grants/Fundraising 33,867 8,621 25,246 360,210 15% 360,200 16% 10 TOTAL REVENUE 359,325 382,296 (22,971) 2,389,041 100% 2,276,952 100% 112,088 Salaries & Benefits 387,401 371,497 (15,904) 1,472,439 65% 1,480,075 66% 7,637 Student Supplies 27,936 68,139 40,203 158,795 7% 176,882 8% 18,087 Operating Expenses 52,933 124,607 71,674 417,929 18% 423,152 19% 5,223 Other 25,521 58,062 32,540 213,513 9% 179,427 8% (34,085) Actual and Projected Cash (Approved) TOTAL EXPENSES 493,791 622,305 128,514 2,262,675 100% 2,259,537 100% (3,138) Income/(Loss) (134,466) (240,009) 105,543 126,365 17,415 108,950 Y/E CASH BALANCE Projected Better / (Worse) Revenue / ADA Cost / ADA $ (7,079) $ 5,174 $ (12,253) Projected 9,428 Projected 8,929 $300 $200 $100 Income From Operations 8,984 8,915 Better / (Worse) 444 Better / (Worse) (14) STATE BUDGET UPDATE ($1,000s) $- $(100) $(200) $(300) $(400) $(500) After months of too-close-to-call polls, voters approved Proposition 30 by a decisive margin. The approved measure will temporarily increases sales tax and personal income tax on those making $250,000 or more, raising an estimated $6 billion annually. For schools, passage means that instead of the mid-year trigger cuts of 8.4% they had planned for, general purpose revenue rates will remain at roughly the same level as the prior year. Passage also means that there will be some easing of yearend revenue deferrals. However, it is important to note that schools are receiving 21.2% less than they should be in their monthly apportionments. The state reduced apportionments to free up cash for other state expenditures on the assumption that Prop 30 would pass and revenues from the tax measures would backfill the loss. This cash is not expected to arrive until July 2013. While Prop 30 s passage allows schools across the state to breathe a sigh of relief, threats to the state budget remain. Year-to-date revenues are $379 million behind the expected level and the Prop 30 revenue assumptions along with other revenue projections may be overly optimistic given the state of California s economy. ExED recommends that to the extent possible, schools use the restored revenue that Prop 30 provides to build reserves. On January 10, Governor Brown will unveil his 2013-14 budget and schools will get their next glimpse of what the future holds for California s education budget. 11-12 Actual Income 12-13 Act & Proj Income 12-13 (Approved) FY NET INCOME/ (LOSS) 300 250 Projected Better / (Worse) $ 126,365 $ 17,415 $ 108,950 ADA The fate of two other tax measures became known on Election Day. Prop 38, which competed directly with Prop 30, failed with only about 25% of the vote, and Prop 39 passed with 60% of the vote. Prop 39 requires multistate businesses to calculate their California income tax liability based on the percentage of their California sales. Half the revenues from this proposition will be directed toward the Clean Energy Job Creation for the next five years. Since the other half will be used in calculating the Proposition 98 education funding guarantee, the Legislative Analyst s Office estimates that education funding will increase by $200 M to $500 M annually. With the election behind them, lawmakers at the federal level and the newly-reelected President must address the Bush-era tax cuts which will expire on December 31 and the automatic spending cuts that will be triggered if a deal is not reached to reduce the federal deficit. These sequestration cuts would reduce federal education funding by approximately 8.2% in 2013-14. ExED will continue to monitor state and federal budget issues and provide updates. ADA 200 150 100 50 0 Average ADA 250.9 253.4 0.0 253.4 ADA % 97.6% 96.0% 1.3% 97.3% P-1 ADA N/A P-2 ADA N/A Balance Sheet Analysis Prior Month Current Month Comment Cash 399,956 319,200 Accounts Receivable 25,723 22,320 Due from Others 0 2,581 Accounts Payable (Including Payroll) 23,539 (92) Due to Others 9,946 22,430 Available Line of Credit 0 0 Total Debt 0 0 Cash Ratio (Cash/CL) 11.94 14.29 > 1 is good Quick Ratio ((Cash+AR)/CL) 12.71 15.29 > 1 is good Debt-Equity Ratio - - < 1 is good Actual 12-13 ADA 12-13 ADA Debt Service Coverage Ratio (DSCR) N/A N/A > 1.1 is good Average 12-13 ADA Average 11-12 ADA Lease Payment Coverage Ratio 1.03 2.21 > 1.35 is good Actuals As Interest Coverage Ratio N/A N/A > 1.5 is good of Month 2 Better / (Worse) Forecast Days Cash on Hand 64.30 51.51 45 is good Enrollment 258.0 264.0 0.0 264.0 2

CWC Silverlake - Financial Dashboard (October 2012) ($1,000s) $700 $600 $500 $400 $300 $200 $100 $- $(100) $(200) Cash Balance Income Statement Actual YTD YTD YTD B/(W) Total Forecast % of Total Full Year Total % of Total B/(W) Principal Apportionment 524,999 575,409 (50,410) 1,206,226 55% 1,699,968 53% (493,742) Federal Revenue 23,607 18,907 4,700 122,071 6% 190,248 6% (68,177) State Revenue 146,690 111,063 35,627 440,878 20% 562,154 17% (121,275) Other Local Revenue 6,449 41,473 (35,024) 35,710 2% 189,286 6% (153,577) Grants/Fundraising 10,217 15,195 (4,978) 381,166 17% 576,000 18% (194,834) TOTAL REVENUE 711,962 762,048 (50,086) 2,186,052 100% 3,217,656 100% (1,031,604) Salaries & Benefits 371,926 542,053 170,127 1,275,976 62% 1,873,557 61% 597,581 Student Supplies 100,105 132,761 32,656 199,485 10% 339,284 11% 139,800 Operating Expenses 89,380 184,724 95,344 377,952 18% 574,224 19% 196,271 Other 21,141 88,260 67,119 212,158 10% 264,943 9% 52,785 Actual and Projected Cash (Approved) TOTAL EXPENSES 582,552 947,797 365,246 2,065,571 100% 3,052,008 100% 986,437 Income/(Loss) 129,410 (185,750) 315,160 120,481 165,648 (45,167) Y/E CASH BALANCE Projected Better / (Worse) Revenue / ADA Cost / ADA $ (130,733) $ (126,769) $ (3,964) Projected 9,268 Projected 8,757 $200 $100 $- Income From Operations 8,820 8,366 Better / (Worse) 448 Better / (Worse) (391) STATE BUDGET UPDATE ($1,000s) $(100) $(200) $(300) $(400) $(500) $(600) After months of too-close-to-call polls, voters approved Proposition 30 by a decisive margin. The approved measure will temporarily increases sales tax and personal income tax on those making $250,000 or more, raising an estimated $6 billion annually. For schools, passage means that instead of the mid-year trigger cuts of 8.4% they had planned for, general purpose revenue rates will remain at roughly the same level as the prior year. Passage also means that there will be some easing of yearend revenue deferrals. However, it is important to note that schools are receiving 21.2% less than they should be in their monthly apportionments. The state reduced apportionments to free up cash for other state expenditures on the assumption that Prop 30 would pass and revenues from the tax measures would backfill the loss. This cash is not expected to arrive until July 2013. While Prop 30 s passage allows schools across the state to breathe a sigh of relief, threats to the state budget remain. Year-to-date revenues are $379 million behind the expected level and the Prop 30 revenue assumptions along with other revenue projections may be overly optimistic given the state of California s economy. ExED recommends that to the extent possible, schools use the restored revenue that Prop 30 provides to build reserves. On January 10, Governor Brown will unveil his 2013-14 budget and schools will get their next glimpse of what the future holds for California s education budget. FY NET INCOME/ (LOSS) 400 350 300 12-13 Act & Proj Income 12-13 (Approved) Projected Better / (Worse) $ 120,481 $ 165,648 $ (45,167) ADA The fate of two other tax measures became known on Election Day. Prop 38, which competed directly with Prop 30, failed with only about 25% of the vote, and Prop 39 passed with 60% of the vote. Prop 39 requires multistate businesses to calculate their California income tax liability based on the percentage of their California sales. Half the revenues from this proposition will be directed toward the Clean Energy Job Creation for the next five years. Since the other half will be used in calculating the Proposition 98 education funding guarantee, the Legislative Analyst s Office estimates that education funding will increase by $200 M to $500 M annually. With the election behind them, lawmakers at the federal level and the newly-reelected President must address the Bush-era tax cuts which will expire on December 31 and the automatic spending cuts that will be triggered if a deal is not reached to reduce the federal deficit. These sequestration cuts would reduce federal education funding by approximately 8.2% in 2013-14. ExED will continue to monitor state and federal budget issues and provide updates. ADA 250 200 150 100 50 0 Average ADA 233.4 364.8 (128.9) 235.9 ADA % 93.3% 95.0% -0.1% 94.9% P-1 ADA N/A P-2 ADA N/A Balance Sheet Analysis Prior Month Current Month Comment Cash 557,607 596,670 Accounts Receivable 0 0 Due from Others 0 961 Accounts Payable (Including Payroll) 12,127 1,890 Due to Others 9,152 21,636 Available Line of Credit 0 0 Total Debt 452,500 452,500 Cash Ratio (Cash/CL) 59 25 > 1 is good Quick Ratio ((Cash+AR)/CL) 59 25 > 1 is good Debt-Equity Ratio 5 3.51 0 to 1 is good Actual 12-13 ADA 12-13 ADA Average 12-13 ADA Debt Service Coverage Ratio (DSCR) N/A N/A > 1.1 is good Lease Payment Coverage Ratio N/A 1.67 > 1.35 is good Actuals As Interest Coverage Ratio N/A N/A > 1.5 is good of Month 2 Better / (Worse) Forecast Days Cash on Hand 98.55 105.46 45 is good Enrollment 253.0 384.0 (130.0) 254.0 3

Citizens of the World Los Angeles 12-13 Forecast (Current) vs. vs. Prior Month Forecast FY 12-13 Forecast (Current Month) FY 12-13 FY 12-13 Variance to (Better/(Worse) RSO HW SL Total RSO HW SL Total RSO HW SL Total Enrollment 264 254 518 264 384 648 - - (130) (130) ADA 253 236 489 253 365 618 - - (129) (129) REVENUE 8011-8096 Revenue Limit Sources 8015 Charter School General Purpose - State Aid $ - $ 951,348 $ 885,385 $ 1,836,733 $ - $ 842,637 $ 1,212,887 $ 2,055,524 $ - $ 108,711 $ (327,502) $ (218,791) 8019 Charter Schools General Purpose - Prior Year - - - - 8096 In lieu of Property Taxes - 344,744 320,841 665,585-338,393 487,081 825,474-6,351 (166,240) (159,889) Total 8011-8096 Revenue Limit Sources - 1,296,092 1,206,226 2,502,318-1,181,030 1,699,968 2,880,998-115,062 (493,742) (378,680) 8100-8290 Other Federal Income 8181 Special Education - IDEA - 47,708 44,400 92,107-50,521 72,719 123,240 - (2,813) (28,320) (31,133) 8220 Child Nutrition (Federal) - 45,611 41,655 87,266-44,370 47,564 91,934-1,240 (5,909) (4,668) 8291 Title I, A, Basic Low Income - 23,756 29,158 52,914-20,486 59,597 80,083-3,270 (30,438) (27,169) 8292 Title II, A Teacher Quality - 7,128 6,858 13,986-7,128 10,368 17,496 - - (3,510) (3,510) 8293 Title II, D EETT - - - - 8294 Title III, Limited English (LEP) - 2,565-2,565-2,565-2,565 - - - - 8295 Title V, A Innovative Education - - - - 8296 Title V, B Charter Schools Grants - 3,989-3,989 - - - - - 3,989-3,989 8297 Other Federal Income - - - - Total 8100-8290 Other Federal Income - 130,756 122,071 252,827-125,070 190,248 315,318-5,686 (68,177) (62,491) 8300-8599 Other State Income 8311 Special Ed - AB 602-142,195 132,336 274,531-148,896 214,320 363,216 - (6,701) (81,984) (88,685) 8312 Supplemental Hours - - - - 8434 Class Size Reduction (K-3) - - - - 8520 Child Nutrition (State) - 3,424 3,140 6,564-3,443 4,046 7,489 - (19) (906) (925) 8560 State Lottery Revenue - 35,608 33,139 68,748-35,608 51,254 86,863 - - (18,115) (18,115) 8590 Charter Sch Categorical Blk Gr - 134,332 133,463 267,795-147,954 208,704 356,658 - (13,622) (75,241) (88,863) 8591 SB740 - - 108,845 108,845 - - 37,500 37,500 - - 71,345 71,345 8593 Art and Music Block Grant - - - - 8595 Secondary School Counselors - - - - 8599 Other State Revenue - 34,695 29,955 64,650-32,187 46,330 78,516-2,508 (16,374) (13,866) Total 8300-8599 Other State Income - 350,254 440,878 791,132-368,089 562,154 930,242 - (17,835) (121,275) (139,110) 8600-8699 Other Income-Local 8634 Food Service Sales - 35,893 35,710 71,603-37,357 49,766 87,124 - (1,464) (14,057) (15,520) 8660 Interest Income - - - - - 2,744 3,950 6,694 - (2,744) (3,950) (6,694) 8690 All Other Income (afterschool, summer school, Enrichment) - 205,470-205,470-202,462 135,570 338,032-3,008 (135,570) (132,562) 8698 Grants - - - - 8699 Fundraising - 360,210 381,166 741,376-360,200 576,000 936,200-10 (194,834) (194,824) 8999 Prior Year Adjustments - 10,365-10,365 - - - - - 10,365-10,365 Total 8600-8699 Other Income-Local - 611,939 416,876 1,028,815-602,763 765,286 1,368,050-9,176 (348,411) (339,235) TOTAL REVENUE - 2,389,041 2,186,052 4,575,092-2,276,952 3,217,656 5,494,608-112,088 (1,031,604) (919,516) 4 1

Citizens of the World Los Angeles 12-13 Forecast (Current) vs. vs. Prior Month Forecast EXPENSE FY 12-13 Forecast (Current Month) FY 12-13 FY 12-13 Variance to (Better/(Worse) RSO HW SL Total RSO HW SL Total RSO HW SL Total 1000 Certificated Salaries 1110 Teachers Salaries - 705,103 635,248 1,340,352-703,628 880,000 1,583,628 - (1,476) 244,752 243,276 1170 Teachers Subs - 21,450 11,850 33,300-21,450-21,450 - - (11,850) (11,850) 1175 Teachers - Extra Duty/Stipend - 5,500 2,646 8,146-5,500-5,500 - - (2,646) (2,646) 1200 Certificated Pupil Support - - - - 1300 Certificated School Administrators 99,784 109,146 182,355 391,285 137,700 90,850 90,000 318,550 37,916 (18,296) (92,355) (72,735) 1900 Other Certificated - - - - - - 65,000 65,000 - - 65,000 65,000 Total 1000 Certificated Salaries 99,784 841,199 832,100 1,773,083 137,700 821,428 1,035,000 1,994,128 37,916 (19,771) 202,900 221,045 2000 Classified Salaries 2100 Instructional Aides - 233,119 207,577 440,696-227,608 321,840 549,448 - (5,511) 114,263 108,752 2200 Classified Support (maintenance, food) - (140) 2,804 2,664-3,975 7,000 10,975-4,115 4,196 8,311 2300 Classified School Administrators - - - - 2400 Clerical/Technical/Office 26,920 78,366 46,687 151,973 73,950 65,872 64,500 204,322 47,030 (12,493) 17,813 52,350 2900 Other Classified (noon and yard supervisors, etc) - 94,676 6,660 101,336-114,306 122,680 236,986-19,630 116,020 135,650 Total 2000 Classified Salaries 26,920 406,020 263,728 696,668 73,950 411,762 516,020 1,001,732 47,030 5,741 252,292 305,063 3000 Employee Benefits 3111 STRS 8,240 68,973 68,655 145,869 11,360 67,768 85,388 164,516 3,120 (1,205) 16,732 18,647 3212 PERS - - - - 3311 Social Security (OASDI) 1,669 25,673 16,440 43,782 4,585 25,529 31,993 62,107 2,916 (144) 15,553 18,325 3331 Medicare 1,839 18,111 15,902 35,851 3,069 17,881 22,490 43,440 1,230 (229) 6,587 7,588 3401 H & W Payment (medical, dental, vision insurance) 936 93,344 61,707 155,987 8,376 97,479 134,585 240,440 7,440 4,135 72,878 84,453 3501 SUI Payment Account 1,395 13,739 12,065 27,198 2,328 13,565 17,061 32,954 934 (174) 4,996 5,756 3601 Wkr Comp Payment Account 15,064 5,380 5,379 25,823 4,233 24,664 31,020 59,917 (10,831) 19,284 25,641 34,094 3901 403B - - - - 2,219 - - 2,219 2,219 - - 2,219 3902 Other Benefits - - - - Total 3000 Employee Benefits 29,143 225,219 180,149 434,510 36,170 246,886 322,537 605,593 7,027 21,667 142,389 171,083 4000 Supplies 4110 Textbooks - 22,440 36,640 59,080-29,387 48,000 77,387-6,947 11,360 18,307 4210 Other Books and Reference Materials - 893 25,338 26,231-2,305 11,520 13,825-1,412 (13,818) (12,406) 4310 Instructional Materials - 26,491 30,990 57,481-26,111 71,040 97,151 - (381) 40,050 39,669 4350 Office Supplies 2,000 12,323 10,668 24,991 2,000 12,677 34,560 49,237-354 23,892 24,246 4370 Custodial Supplies 3,000 556 2,000 5,556-584 5,000 5,584 (3,000) 28 3,000 28 4390 Other Supplies - 15,241 15,000 30,241-12,986 20,000 32,986 - (2,255) 5,000 2,745 4400 Noncapitalized Furniture/Equipment - 5,000 7,591 12,591-15,000 26,200 41,200-10,000 18,609 28,609 4700 Food Supplies - 75,850 71,258 147,108-77,832 122,964 200,796-1,981 51,707 53,688 4710 Food for School Lunch Program - - - - 4790 Food Supplies - - - - Total 4000 Supplies 5,000 158,795 199,485 363,279 2,000 176,882 339,284 518,166 (3,000) 18,087 139,800 154,887 5 2

Citizens of the World Los Angeles 12-13 Forecast (Current) vs. vs. Prior Month Forecast FY 12-13 Forecast (Current Month) FY 12-13 FY 12-13 Variance to (Better/(Worse) RSO HW SL Total RSO HW SL Total RSO HW SL Total 5000 Operating Services 5200 Travel and Conferences 1,500 3,500-5,000 1,500 3,500 5,000 10,000 - - 5,000 5,000 5300 Dues and Fees - 4,450 6,250 10,700-6,874 19,412 26,286-2,424 13,162 15,586 5450 Insurance (property, student accident, board) 16,905 6,039 6,038 28,982-15,719 13,440 29,159 (16,905) 9,680 7,402 177 5500 Utilities and Housekeeping 86,861 141 1,000 88,002 - - 14,000 14,000 (86,861) (141) 13,000 (74,002) 5610 Building Rent - 104,122 180,330 284,452-76,732 189,776 266,508 - (27,390) 9,446 (17,944) 5620 Equipment Rental - 5,184 6,000 11,184-5,306 6,000 11,306-122 - 122 5630 Vendor Repairs - 3,135 3,000 6,135-3,135 10,000 13,135 - - 7,000 7,000 5812 Pupil Transportation - General - 4,700 5,000 9,700-4,700 9,000 13,700 - - 4,000 4,000 5820 Legal/Audit 14,000 3,600 13,500 31,100 14,000 6,000 13,500 33,500-2,400-2,400 5830 Advertisement/Recruitment - 1,765 5,000 6,765-1,869 5,000 6,869-104 - 104 5850 Non-Instructional Consultants 2,500 18,662 5,000 26,162 10,000 18,546 49,000 77,546 7,500 (116) 44,000 51,384 5851 Instructional Consultants - 164,592 44,100 208,692-184,728 85,120 269,848-20,136 41,020 61,156 5853 ExED 112,166 4,414 6,420 123,000 130,000 - - 130,000 17,834 (4,414) (6,420) 7,000 5890 Other Services & Operating Expe - 6,560 10,000 16,560-2,845 10,000 12,845 - (3,715) - (3,715) 5891 Factoring Fees - - - - 5896 Fair Share Special Education Cost - 75,961 70,695 146,655-79,767 114,816 194,582-3,806 44,121 47,927 5897 Fundraising Cost - 5,093 7,620 12,713-5,000 20,160 25,160 - (93) 12,540 12,447 5900 Communications (tele, internet, postage) - 6,013 8,000 14,013-8,432 10,000 18,432-2,419 2,000 4,419 5910 Telephone/Internet Expense - - - - 5920 Internet Expense - - - - 5930 Postage (UPS, Fedex, US Mail) - - - - Total 5000 Operating Services 233,932 417,929 377,952 1,029,814 155,500 423,152 574,224 1,152,876 (78,432) 5,223 196,271 123,062 6000 Capital Outlay 6900 Depreciation - 794 542 1,336-1,007 5,667 6,674-214 5,125 5,339 Total 6000 Capital Outlay - 794 542 1,336-1,007 5,667 6,674-214 5,125 5,339 7000 Other Outgo 7299 District Oversight Fee - 15,388 14,168 29,556-13,290 19,087 32,377 - (2,098) 4,919 2,820 7310 INDIRECT COSTS (Transferred to Central Admin) (394,779) 197,331 197,448 - (405,320) 165,130 240,189 - (10,541) (32,201) 42,742-7438 Debt Service - Interest - - - - Total 7000 Other Outgo (394,779) 212,719 211,616 29,556 (405,320) 178,420 259,276 32,377 (10,541) (34,299) 47,660 2,820 TOTAL EXPENSES - 2,262,675 2,065,571 4,328,246-2,259,537 3,052,008 5,311,545 - (3,138) 986,437 983,299 NET INCOME - 126,365 120,481 246,846-17,415 165,648 183,063-108,950 (45,167) 63,783 Beginning Cash Balance - 200,238 9,163 209,401-90,428-90,428-109,810 9,163 118,973 Cash Flow from Operating Activities Net Income - 126,365 120,481 246,846-17,415 165,648 183,063-108,950 (45,167) 63,783 Change in Accounts Receivable Prior Year Accounts Receivable - 336,131-336,131-397,445-397,445 - (61,314) - (61,314) Current Year Accounts Receivable - (714,522) (679,107) (1,393,628) - (518,465) (735,892) (1,254,357) - (196,056) 56,785 (139,272) Change in Due from (1,040) (2,581) (961) (4,582) - - - - (1,040) (2,581) (961) (4,582) Change in Accounts Payable - 35,241 22,052 57,294-17,344 67,808 85,152-17,897 (45,756) (27,858) Change in Due to - 17,482 21,636 39,118 - - - - - 17,482 21,636 39,118 Summer Savings Program - (5,000) - (5,000) - - - - - (5,000) - (5,000) Change in Payroll Liaibilities 1,041 (1,172) 1,727 1,595 - - - - 1,041 (1,172) 1,727 1,595 Prepaid Expenditures - (56) (13,766) (13,822) - - - - - (56) (13,766) (13,822) Deferred Revenue - - - - Depreciation Expense - 795 542 1,336-1,007 5,667 6,674 - (213) (5,125) (5,338) Cash Flow from Investing Activities Capital Expenditures - - (65,000) (65,000) - - (80,000) (80,000) - - 15,000 15,000 Cash Flow from Financing Activities Source - - 452,500 452,500 - - 450,000 450,000 - - 2,500 2,500 Use - - - - Ending Cash Balance 1 (7,079) (130,733) (137,811) - 5,174 (126,769) (121,595) 1 (12,253) (3,964) (16,216) 5% of Expenses Reserve Target - 113,134 103,279 216,412 112,977 152,600 265,577 6 3

Citizens of the World Los Angeles 12-13 Forecast (Current) vs. vs. Prior Month Forecast FY 12-13 Forecast (Current Month) RSO HW SL Total Enrollment 264 254 518 ADA 253 236 489 REVENUE 8011-8096 Revenue Limit Sources 8015 Charter School General Purpose - State Aid $ - $ 951,348 $ 885,385 $ 1,836,733 8019 Charter Schools General Purpose - Prior Year - - - - 8096 In lieu of Property Taxes - 344,744 320,841 665,585 Total 8011-8096 Revenue Limit Sources - 1,296,092 1,206,226 2,502,318 8100-8290 Other Federal Income 8181 Special Education - IDEA - 47,708 44,400 92,107 8220 Child Nutrition (Federal) - 45,611 41,655 87,266 8291 Title I, A, Basic Low Income - 23,756 29,158 52,914 8292 Title II, A Teacher Quality - 7,128 6,858 13,986 8293 Title II, D EETT - - - - 8294 Title III, Limited English (LEP) - 2,565-2,565 8295 Title V, A Innovative Education - - - - 8296 Title V, B Charter Schools Grants - 3,989-3,989 8297 Other Federal Income - - - - Total 8100-8290 Other Federal Income - 130,756 122,071 252,827 8300-8599 Other State Income 8311 Special Ed - AB 602-142,195 132,336 274,531 8312 Supplemental Hours - - - - 8434 Class Size Reduction (K-3) - - - - 8520 Child Nutrition (State) - 3,424 3,140 6,564 8560 State Lottery Revenue - 35,608 33,139 68,748 8590 Charter Sch Categorical Blk Gr - 134,332 133,463 267,795 8591 SB740 - - 108,845 108,845 8593 Art and Music Block Grant - - - - 8595 Secondary School Counselors - - - - 8599 Other State Revenue - 34,695 29,955 64,650 Total 8300-8599 Other State Income - 350,254 440,878 791,132 8600-8699 Other Income-Local 8634 Food Service Sales - 35,893 35,710 71,603 8660 Interest Income - - - - 8690 All Other Income (afterschool, summer school, Enrichment) - 205,470-205,470 8698 Grants - - - - 8699 Fundraising - 360,210 381,166 741,376 8999 Prior Year Adjustments - 10,365-10,365 Total 8600-8699 Other Income-Local - 611,939 416,876 1,028,815 TOTAL REVENUE - 2,389,041 2,186,052 4,575,092 FY 12-13 Prior Month Forecast FY 12-13 Variance to Prior Month (Better/(Worse) RSO HW SL Total RSO HW SL Total 264 254 518 - - - - 252 241 494-1 (5) (4) $ - $ 838,737 $ 801,777 $ 1,640,514 $ - $ 112,611 $ 83,608 $ 196,219-343,361 328,231 671,592-1,383 (7,390) (6,007) - 1,182,098 1,130,008 2,312,106-113,994 76,218 190,212-47,516 45,422 92,938-191 (1,023) (831) - 45,611 42,602 88,212 - - (947) (947) - 23,756 29,158 52,914 - - - - - 7,128 6,858 13,986 - - - - - 2,565-2,565 - - - - - 3,989-3,989 - - - - - 130,564 124,041 254,605-191 (1,969) (1,778) - 141,625 135,384 277,008-570 (3,048) (2,478) - 3,424 3,211 6,635 - - (71) (71) - 35,465 33,903 69,368-143 (763) (620) - 133,925 135,636 269,561-407 (2,173) (1,766) - - 108,845 108,845 - - - - - 34,566 30,645 65,211-129 (690) (561) - 349,005 447,624 796,629-1,249 (6,746) (5,496) - 35,894 32,918 68,812 - (0) 2,791 2,791-205,470-205,470 - (0) - (0) - 360,209 381,000 741,209-1 166 167-10,365-10,365 - - - - - 611,939 413,918 1,025,857-0 2,958 2,958-2,273,606 2,115,591 4,389,197-115,435 70,461 185,896 7 4

Citizens of the World Los Angeles 12-13 Forecast (Current) vs. vs. Prior Month Forecast EXPENSE FY 12-13 Forecast (Current Month) RSO HW SL Total 1000 Certificated Salaries 1110 Teachers Salaries - 705,103 635,248 1,340,352 1170 Teachers Subs - 21,450 11,850 33,300 1175 Teachers - Extra Duty/Stipend - 5,500 2,646 8,146 1200 Certificated Pupil Support - - - - 1300 Certificated School Administrators 99,784 109,146 182,355 391,285 1900 Other Certificated - - - - Total 1000 Certificated Salaries 99,784 841,199 832,100 1,773,083 2000 Classified Salaries 2100 Instructional Aides - 233,119 207,577 440,696 2200 Classified Support (maintenance, food) - (140) 2,804 2,664 2300 Classified School Administrators - - - - 2400 Clerical/Technical/Office 26,920 78,366 46,687 151,973 2900 Other Classified (noon and yard supervisors, etc) - 94,676 6,660 101,336 Total 2000 Classified Salaries 26,920 406,020 263,728 696,668 3000 Employee Benefits 3111 STRS 8,240 68,973 68,655 145,869 3212 PERS - - - - 3311 Social Security (OASDI) 1,669 25,673 16,440 43,782 3331 Medicare 1,839 18,111 15,902 35,851 3401 H & W Payment (medical, dental, vision insurance) 936 93,344 61,707 155,987 3501 SUI Payment Account 1,395 13,739 12,065 27,198 3601 Wkr Comp Payment Account 15,064 5,380 5,379 25,823 3901 403B - - - - 3902 Other Benefits - - - - Total 3000 Employee Benefits 29,143 225,219 180,149 434,510 4000 Supplies 4110 Textbooks - 22,440 36,640 59,080 4210 Other Books and Reference Materials - 893 25,338 26,231 4310 Instructional Materials - 26,491 30,990 57,481 4350 Office Supplies 2,000 12,323 10,668 24,991 4370 Custodial Supplies 3,000 556 2,000 5,556 4390 Other Supplies - 15,241 15,000 30,241 4400 Noncapitalized Furniture/Equipment - 5,000 7,591 12,591 4700 Food Supplies - 75,850 71,258 147,108 4710 Food for School Lunch Program - - - - 4790 Food Supplies - - - - Total 4000 Supplies 5,000 158,795 199,485 363,279 FY 12-13 Prior Month Forecast FY 12-13 Variance to Prior Month (Better/(Worse) RSO HW SL Total RSO HW SL Total - 705,103 635,457 1,340,560 - - 208 208-21,450 3,000 24,450 - - (8,850) (8,850) - 5,500 2,750 8,250 - - 104 104 99,783 114,622 182,415 396,821 (0) 5,477 60 5,536 99,783 846,676 823,622 1,770,081 (0) 5,477 (8,478) (3,002) - 234,084 211,767 445,851-965 4,190 5,155-2,720 3,131 5,851-2,860 327 3,187 31,212 75,986 40,922 148,120 4,292 (2,379) (5,765) (3,852) - 93,429 1,863 95,292 - (1,246) (4,797) (6,043) 31,212 406,220 257,682 695,115 4,292 200 (6,045) (1,554) 8,232 69,740 68,038 146,009 (8) 767 (618) 141 1,935 24,552 16,885 43,373 266 (1,121) 445 (409) 1,899 18,199 15,695 35,794 61 89 (208) (58) 2,250 93,344 61,707 157,301 1,314 - - 1,314 1,441 13,806 11,907 27,154 46 67 (158) (44) 15,064 5,380 5,380 25,824 - (1) 1 1 30,822 225,021 179,611 435,454 1,679 (198) (537) 944-22,440 36,750 59,190 - - 110 110-872 25,216 26,088 - (21) (122) (143) - 26,491 30,990 57,481 - - - - 2,000 12,323 10,668 24,991 - - - - 3,000 556 2,000 5,556 - - - - - 15,241 15,000 30,241 - - - - - 5,000 12,036 17,036 - - 4,445 4,445-77,392 72,695 150,087-1,542 1,437 2,979 5,000 160,315 205,355 370,670-1,521 5,870 7,391 8 5

Citizens of the World Los Angeles 12-13 Forecast (Current) vs. vs. Prior Month Forecast FY 12-13 Forecast (Current Month) RSO HW SL Total 5000 Operating Services 5200 Travel and Conferences 1,500 3,500-5,000 5300 Dues and Fees - 4,450 6,250 10,700 5450 Insurance (property, student accident, board) 16,905 6,039 6,038 28,982 5500 Utilities and Housekeeping 86,861 141 1,000 88,002 5610 Building Rent - 104,122 180,330 284,452 5620 Equipment Rental - 5,184 6,000 11,184 5630 Vendor Repairs - 3,135 3,000 6,135 5812 Pupil Transportation - General - 4,700 5,000 9,700 5820 Legal/Audit 14,000 3,600 13,500 31,100 5830 Advertisement/Recruitment - 1,765 5,000 6,765 5850 Non-Instructional Consultants 2,500 18,662 5,000 26,162 5851 Instructional Consultants - 164,592 44,100 208,692 5853 ExED 112,166 4,414 6,420 123,000 5890 Other Services & Operating Expe - 6,560 10,000 16,560 5891 Factoring Fees - - - - 5896 Fair Share Special Education Cost - 75,961 70,695 146,655 5897 Fundraising Cost - 5,093 7,620 12,713 5900 Communications (tele, internet, postage) - 6,013 8,000 14,013 5910 Telephone/Internet Expense - - - - 5920 Internet Expense - - - - 5930 Postage (UPS, Fedex, US Mail) - - - - Total 5000 Operating Services 233,932 417,929 377,952 1,029,814 6000 Capital Outlay 6900 Depreciation - 794 542 1,336 Total 6000 Capital Outlay - 794 542 1,336 7000 Other Outgo 7299 District Oversight Fee - 15,388 14,168 29,556 7310 INDIRECT COSTS (Transferred to Central Admin) (394,779) 197,331 197,448-7438 Debt Service - Interest - - - - Total 7000 Other Outgo (394,779) 212,719 211,616 29,556 TOTAL EXPENSES - 2,262,675 2,065,571 4,328,246 NET INCOME - 126,365 120,481 246,846 Beginning Cash Balance - 200,238 9,163 209,401 Cash Flow from Operating Activities Net Income - 126,365 120,481 246,846 Change in Accounts Receivable Prior Year Accounts Receivable - 336,131-336,131 Current Year Accounts Receivable - (714,522) (679,107) (1,393,628) Change in Due from (1,040) (2,581) (961) (4,582) Change in Accounts Payable - 35,241 22,052 57,294 Change in Due to - 17,482 21,636 39,118 Summer Savings Program - (5,000) - (5,000) Change in Payroll Liaibilities 1,041 (1,172) 1,727 1,595 Prepaid Expenditures - (56) (13,766) (13,822) Deferred Revenue - - - - Depreciation Expense - 795 542 1,336 Cash Flow from Investing Activities Capital Expenditures - - (65,000) (65,000) Cash Flow from Financing Activities Source - - 452,500 452,500 Use - - - - Ending Cash Balance 1 (7,079) (130,733) (137,811) 5% of Expenses Reserve Target - 113,134 103,279 216,412 FY 12-13 Prior Month Forecast FY 12-13 Variance to Prior Month (Better/(Worse) RSO HW SL Total RSO HW SL Total 1,500 3,500-5,000 - - - - - 4,450 6,250 10,700 - - - - 16,905 6,039 6,039 28,982 - (1) 1-86,861 141 1,000 88,002 - - - - - 104,122 180,330 284,452 - - - - - 5,184 6,000 11,184 - - - - - 3,135 3,000 6,135 - - - - - 4,700 5,000 9,700 - - - - 14,000 3,600 13,500 31,100 - - - - - 1,765 5,000 6,765 - - - - 2,500 18,662 5,000 26,162 - - - - - 164,592 53,100 217,692 - - 9,000 9,000 112,166 4,414 6,420 123,000 (0) - - (0) - 6,560 10,000 16,560 - - - - - 75,656 72,322 147,978 - (305) 1,628 1,323-5,093 7,620 12,713 - - - - - 6,013 8,000 14,013 - - - - 233,932 417,624 388,581 1,040,137 (0) (305) 10,628 10,323-794 542 1,336 - - - - - 794 542 1,336 - - - - - 14,036 9,923 23,959 - (1,352) (4,245) (5,597) (400,749) 200,316 200,433 - (5,970) 2,985 2,985 - (400,749) 214,352 210,356 23,959 (5,970) 1,633 (1,260) (5,597) - 2,271,002 2,065,749 4,336,751-8,327 178 8,505-2,604 49,842 52,446-123,761 70,639 194,401-200,238 9,163 209,401 - - - - - 2,604 49,842 52,446-123,761 70,639 194,401-336,131-336,131 - - - - - (526,297) (570,108) (1,096,405) - (188,225) (108,999) (297,224) (16,250) - - (16,250) 15,210 (2,581) (961) 11,668 16,250 34,184 25,443 75,878 (16,250) 1,058 (3,391) (18,584) - 4,998 9,152 14,150-12,484 12,484 24,968 - (5,000) - (5,000) - - - - - 421 2,624 3,045 1,041 (1,593) (897) (1,449) - 60 (13,677) (13,617) - (115) (90) (205) - 794 542 1,336-0 - 0 - - (65,000) (65,000) - - - - - - 452,500 452,500 - - - - 0 48,132 (99,519) (51,387) 1 (55,211) (31,214) (86,424) - 113,550 103,287 216,838 9 6

CITIZENS OF THE WORLD LOS ANGELES - REGIONAL SUPPORT OFFICE 12-13 CASH FLOW FORECAST 3 4 5 6 7 8 9 10 11 12 13 14 INCOME Total Enrollment 648 12 11 10 9 8 7 6 5 4 3 2 1 FORECAST Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Accrual Jul '12 - Jun 13 Enter Apportionment Schedule Scenario P-2 P-2 P-2 P-2 P-2 P-2 P-2 P-1 P-1 P-1 P-1 P-1 8011-8096 Revenue Limit Sources 3-2012-13 SSC Planning Apportionment 0% 0% 12% 0% 9% 9% 25% 0.036 0.027 3/26 2/39 64/83 6% 12% 8% 8% 8% 8% 8% 1/3 1/6 1/6 1/6 1/6 # of school days 19 20 18 11 15 19 20 15 22 16 175 # of pay period days 12-13 BUDGET # 8015 Charter School General Purpose - State Aid 0% # 8019 Charter Schools General Purpose - Prior Year - - - - - - 0% # 8096 In lieu of Property Taxes 0% Total 8011-8096 Revenue Limit Sources 0% 8100-8290 Other Federal Income - - - 0% # 8181 Special Education - IDEA 0% # 8220 Child Nutrition (Federal) - - - - - 0% # 8291 Title I, A, Basic Low Income - 0% # 8292 Title II, A Teacher Quality - 0% # 8293 Title II, D EETT - - - - - - - 0% # 8294 Title III, Limited English (LEP) - - - - - - - 0% # 8295 Title V, A Innovative Education - 0% # 8296 Title V, B Charter Schools Grants - - - - - - - 0% # 8297 Other Federal Income - - - - - - - 0% Total 8100-8290 Other Federal Income 0% 8300-8599 Other State Income - - - 0% # 8311 Special Ed - AB 602 0% # 8312 Supplemental Hours 0% # 8434 Class Size Reduction (K-3) 0% # 8520 Child Nutrition (State) - - - - - - 0% # 8560 State Lottery Revenue - 0% # 8590 Charter Sch Categorical Blk Gr 0% # 8591 SB740 0% # 8593 Art and Music Block Grant - - - - - - - 0% # 8595 Secondary School Counselors - - - - - - - 0% # 8599 Other State Revenue 0% Total 8300-8599 Other State Income 0% 8600-8699 Other Income-Local - - - 0% # 8634 Food Service Sales - - - - - - - 0% # 8660 Interest Income - - - - - - - 0% # 8690 All Other Income (afterschool, summer school, Enrichm - - - - - - - 0% # 8698 Grants - - - - - - - 0% # 8699 Fundraising - - - - - - - 0% # 8999 Prior Year Adjustments 0% Total 8600-8699 Other Income-Local 0% TOTAL INCOME 0% EXPENSE - - - 0% 1000 Certificated Salaries - - - 0% # 1110 Teachers Salaries - - - - - - - 0% # 1170 Teachers Subs - - - - - - - 0% # 1175 Teachers - Extra Duty/Stipend - - - - - - - 0% # 1200 Certificated Pupil Support - - - - - - - 0% # 1300 Certificated School Administrators 137,700 - - - 5,417 14,042 11,475 11,475 11,475 11,475 11,475 11,475 11,475 99,784 (37,916) -28% # 1900 Other Certificated - - - - - - - 0% Total 1000 Certificated Salaries 137,700 - - - 5,417 14,042 11,475 11,475 11,475 11,475 11,475 11,475 11,475-99,784 (37,916) -28% 2000 Classified Salaries - - 0% # 2100 Instructional Aides - - - - - - - 0% # 2200 Classified Support (maintenance, food) - - - - - - - 0% # 2300 Classified School Administrators - - - - - - - 0% # 2400 Clerical/Technical/Office 73,950 - - - 1,320 3,200 3,200 3,200 3,200 3,200 3,200 3,200 3,200 26,920 (47,030) -64% Variance from % Change 10

CITIZENS OF THE WORLD LOS ANGELES - REGIONAL SUPPORT OFFICE 12-13 CASH FLOW FORECAST 3 4 5 6 7 8 9 10 11 12 13 14 12-13 BUDGET Total Enrollment 648 12 11 10 9 8 7 6 5 4 3 2 1 FORECAST Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Accrual Jul '12 - Jun 13 # 2900 Other Classified (noon and yard supervisors, etc) - - - - - - - 0% Total 2000 Classified Salaries 73,950 - - - 1,320 3,200 3,200 3,200 3,200 3,200 3,200 3,200 3,200-26,920 (47,030) -64% 3000 Employee Benefits - - 0% # 3111 STRS 11,360 - - - 455 1,158 947 947 947 947 947 947 947-8,240 (3,120) -27% # 3212 PERS 0% # 3311 Social Security (OASDI) 4,585 - - - 82 198 198 198 198 198 198 198 198-1,669 (2,916) -64% # 3331 Medicare 3,069 - - - 99 250 213 213 213 213 213 213 213-1,839 (1,230) -40% # 3401 H & W Payment (medical, dental, vision insurance) 8,376 - - - 104 104 104 104 104 104 104 104 104 936 (7,440) -89% # 3501 SUI Payment Account 2,328 - - - 75 190 161 161 161 161 161 161 161-1,395 (934) -40% # 3601 Wkr Comp Payment Account 4,233 - - 2,152-4,304 2,152 2,152 2,152 2,152 15,064 10,831 256% # 3901 403B 2,219 - - - - - (2,219) -100% # 3902 Other Benefits - - - - - - - 0% Total 3000 Employee Benefits 36,170 - - 2,152 815 6,205 3,775 3,775 3,775 3,775 1,623 1,623 1,623-29,143 (7,027) -19% 4000 Supplies - - 0% # 4110 Textbooks - - - - - - - 0% # 4210 Other Books and Reference Materials - - - - - - - 0% # 4310 Instructional Materials - - - - - - - 0% # 4350 Office Supplies 2,000 - - - - 250 250 250 250 250 250 250 250 2,000-0% # 4370 Custodial Supplies - - - - - 375 375 375 375 375 375 375 375 3,000 3,000 0% # 4390 Other Supplies - - - - - - - 0% # 4400 Noncapitalized Furniture/Equipment - - - - - - - 0% # 4700 Food Supplies 0% # 4710 Food for School Lunch Program - - - - - - - 0% # 4790 Food Supplies - - - - - - - 0% Total 4000 Supplies 2,000 - - - - 625 625 625 625 625 625 625 625-5,000 3,000 150% 5000 Operating Services - - 0% # 5200 Travel and Conferences 1,500 - - - - 188 188 188 188 188 188 188 188 1,500-0% # 5300 Dues and Fees - - - - - - - 0% # 5450 Insurance (property, student accident, board) - - - 2,415-4,830 2,415 2,415 2,415 2,415 16,905 16,905 0% # 5500 Utilities and Housekeeping - - - - - 10,858 10,858 10,858 10,858 10,858 10,858 10,858 10,858 86,861 86,861 0% # 5610 Building Rent - - - 7,284 (7,284) - - 0% # 5620 Equipment Rental - - - - - - - 0% # 5630 Vendor Repairs - - - - - - - 0% # 5812 Pupil Transportation - General - - - - - - - 0% # 5820 Legal/Audit 14,000-1,937 4,399-4,864 2,800 14,000-0% # 5830 Advertisement/Recruitment - - - - - - - 0% # 5850 Non-Instructional Consultants 10,000 - - - - 313 313 313 313 313 313 313 313 2,500 (7,500) -75% # 5851 Instructional Consultants - - - - - - - 0% # 5853 ExED 130,000 - - - - 31,101 10,133 10,133 10,133 10,133 10,133 10,133 10,133 10,133 112,166 (17,834) -14% # 5890 Other Services & Operating Expe - - - - - - - 0% 5891 Factoring Fees - - - - - - 0% # 5896 Fair Share Special Education Cost 0% # 5897 Fundraising Cost - - - - - - - 0% # 5900 Communications (tele, internet, postage) - - - - - - - 0% # 5910 Telephone/Internet Expense - - - - - - - 0% # 5920 Internet Expense - - - - - - - 0% # 5930 Postage (UPS, Fedex, US Mail) - - - - - - - 0% Total 5000 Operating Services 155,500-1,937 14,098 (7,284) 47,288 23,906 28,770 23,906 23,906 24,291 21,491 21,491 10,133 233,932 78,432 50% 6000 Capital Outlay - - 0% # 6900 Depreciation - - - - - - - 0% Total 6000 Capital Outlay 0% 7000 Other Outgo - - 0% # 7299 District Oversight Fee 0% # 7310 INDIRECT COSTS (Transferred to RSO) (405,320) - (1,937) (16,250) (268) (71,359) (42,981) (47,845) (42,981) (42,981) (41,214) (38,414) (38,414) (10,133) (394,779) 10,541-3% # 7438 Debt Service - Interest - - - - - - - 0% Total 7000 Other Outgo (405,320) - (1,937) (16,250) (268) (71,359) (42,981) (47,845) (42,981) (42,981) (41,214) (38,414) (38,414) (10,133) (394,779) 10,541 0% Total Expenses 0% - - 0% NET INCOME 0% Variance from % Change 11

CITIZENS OF THE WORLD CHARTER SCHOOL HOLLYWOOD 12-13 CASH FLOW FORECAST 3 4 5 6 7 8 9 10 11 12 13 14 INCOME 12 11 10 9 8 7 6 5 4 3 2 1 FORECAST Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Accrual Jul '12 - Jun 13 Total Enrollment 264 264-0.0% 264 Enter Apportionment Schedule Scenario P-2 P-2 P-2 P-2 P-2 P-2 P-2 P-1 P-1 P-1 P-1 P-1 2-2012-13 Proposed Apportionment (Taxes Pass) 0% 2% ADVANCE 13% APPORTIONMENT 5% FIGURES 9% USED 9% 17% 0.124 0.000 1/16 0 74/91 8011-8096 Revenue Limit Sources 6% 12% 8% 8% 8% 8% 8% 1/3 1/6 1/6 1/6 1/6 # of school days 16 19 16 19 19 18 18 14 20 17 176 176 # of pay period days 12-13 BUDGET # 8015 Charter School General Purpose - State Aid 842,637 - - 82,436 42,223 22,816 42,223 51,298 81,551 44,057-22,028-562,715 951,348 108,711 12.9% 838,737 112,611 # 8019 Charter Schools General Purpose - Prior Year - - - - - - - 0.0% - - # 8096 In lieu of Property Taxes 338,393 14,506 29,011 19,341 19,341 55,190 26,169 26,169 26,169 42,949 21,475 21,475 21,475 21,475 344,744 6,351 1.9% 343,361 1,383 Total 8011-8096 Revenue Limit Sources 1,181,030 14,506 29,011 101,777 61,564 78,006 68,392 77,468 107,721 87,006 21,475 43,503 21,475 584,190 1,296,092 115,062 9.7% 1,182,098 113,994 8100-8290 Other Federal Income - - - 0.0% - - # 8181 Special Education - IDEA 50,521 2,030 4,059 2,706 2,706 7,723 3,662 3,662 3,662 5,833 2,917 2,917 2,917 2,917 47,708 (2,813) -5.6% 47,516 191 # 8220 Child Nutrition (Federal) 44,370 - - - - 4,561 4,561 4,561 4,561 4,561 4,561 18,244 45,611 1,240 2.8% 45,611 - # 8291 Title I, A, Basic Low Income 20,486 - - - - 9,502 9,502 4,751 23,756 3,270 16.0% 23,756 - # 8292 Title II, A Teacher Quality 7,128 - - - - 2,851 2,851 1,426 7,128-0.0% 7,128 - # 8293 Title II, D EETT 0.0% - - # 8294 Title III, Limited English (LEP) 2,565 - - - - 2,565 2,565-0.0% 2,565 - # 8295 Title V, A Innovative Education - - 0.0% - - # 8296 Title V, B Charter Schools Grants - - - - - 3,989 3,989 3,989 0.0% 3,989 - # 8297 Other Federal Income 0.0% - - Total 8100-8290 Other Federal Income 125,070 2,030 4,059 2,706 2,706 7,723 3,662 17,725 8,223 13,245 7,478 20,969 12,894 27,338 130,756 5,686 4.5% 130,564 191 8300-8599 Other State Income - - - 0.0% - - # 8311 Special Ed - AB 602 148,896 6,011 12,022 8,014 8,014 22,870 10,844 10,844 10,844 17,578 8,789 8,789 8,789 8,789 142,195 (6,701) -4.5% 141,625 570 # 8312 Supplemental Hours 0.0% - - # 8434 Class Size Reduction (K-3) - 0.0% - - # 8520 Child Nutrition (State) 3,443 - - - - 342 342 342 342 342 342 342 1,027 3,424 (19) -0.6% 3,424 - # 8560 State Lottery Revenue 35,608 - - - - 8,902 8,902 17,804 35,608-0.0% 35,465 143 # 8590 Charter Sch Categorical Blk Gr 147,954 - - 13,433 7,942 4,292 7,942 12,504 15,341 9,071-4,536-59,271 134,332 (13,622) -9.2% 133,925 407 # 8591 SB740-0.0% - - # 8593 Art and Music Block Grant 0.0% - - # 8595 Secondary School Counselors 0.0% - - # 8599 Other State Revenue 32,187 - - - - 2,488 16,104 16,104 34,695 2,508 7.8% 34,566 129 Total 8300-8599 Other State Income 368,089 6,011 12,022 21,447 15,956 27,162 21,617 32,593 26,527 26,991 18,033 29,770 9,131 102,994 350,254 (17,835) -4.8% 349,005 1,249 8600-8699 Other Income-Local - - - 0.0% - - # 8634 Food Service Sales 37,357 45-4,107 1,103 5,840 3,769 3,769 3,571 3,571 2,777 3,968 3,373 35,893 (1,464) -3.9% 35,894 (0) # 8660 Interest Income 2,744 - - - - - (2,744) -100.0% - - # 8690 All Other Income (afterschool, summer school, Enrich 202,462 4,418-21,176 10,449 28,899 21,360 21,360 20,236 20,236 15,739 22,485 19,112 205,470 3,008 1.5% 205,470 (0) # 8698 Grants - - - - - - - 0.0% - - # 8699 Fundraising 360,200 15 15 16,196 17,641 35,840 76,362 47,217 22,771 13,365 98,144 32,572 72 360,210 10 0.0% 360,209 1 # 8999 Prior Year Adjustments - - 1,159 9,206 - - 10,365 10,365 0.0% 10,365 - Total 8600-8699 Other Income-Local 602,763 4,478 1,174 50,685 29,193 70,579 101,492 72,347 46,578 37,172 116,660 59,024 22,556-611,939 9,176 1.5% 611,939 0 TOTAL INCOME 2,276,952 27,024 46,266 176,615 109,419 183,469 195,162 200,132 189,048 164,415 163,646 153,267 66,056 714,522 2,389,041 112,088 4.9% 2,273,606 115,435 EXPENSE - - - 0.0% - - 1000 Certificated Salaries - - - 0.0% - - # 1110 Teachers Salaries 703,628-33,903 68,222 61,458 64,782 68,106 68,106 68,106 68,106 68,106 68,106 68,106 705,103 1,476 0.2% 705,103 - # 1170 Teachers Subs 21,450 - - 3,641 3,915 2,937 1,565 1,565 1,565 1,565 1,565 1,565 1,565 21,450-0.0% 21,450 - # 1175 Teachers - Extra Duty/Stipend 5,500 - - - - 688 688 688 688 688 688 688 688 5,500-0.0% 5,500 - # 1200 Certificated Pupil Support - - - - - - - 0.0% - - # 1300 Certificated School Administrators 90,850 18,404 18,404 4,088 7,583 7,583 7,583 7,583 7,583 7,583 7,583 7,583 7,583 109,146 18,296 20.1% 114,622 (5,477) # 1900 Other Certificated - - - - - - - 0.0% - - Total 1000 Certificated Salaries 821,428 18,404 52,307 75,951 72,956 75,989 77,942 77,942 77,942 77,942 77,942 77,942 77,942-841,199 19,771 2.4% 846,676 (5,477) Variance from % Change Previous Month Forecast Variance b/t FC and Prior Month FC 13

CITIZENS OF THE WORLD CHARTER SCHOOL HOLLYWOOD 12-13 CASH FLOW FORECAST 3 4 5 6 7 8 9 10 11 12 13 14 12-13 BUDGET 12 11 10 9 8 7 6 5 4 3 2 1 FORECAST Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Accrual Jul '12 - Jun 13 Total Enrollment 264 264-0.0% 264 2000 Classified Salaries - - 0.0% - # 2100 Instructional Aides 227,608-4,718 20,155 22,586 21,068 25,018 25,018 23,701 23,701 18,434 26,335 22,385 233,119 5,511 2.4% 234,084 (965) # 2200 Classified Support (maintenance, food) 3,975 140 590 1,990 (2,860) (140) (4,115) -103.5% 2,720 (2,860) # 2300 Classified School Administrators - - - - - - - 0.0% - - Variance from % Change Previous Month Forecast Variance b/t FC and Prior Month FC # 2400 Clerical/Technical/Office 65,872 735 3,536 4,070 11,283 7,343 7,343 7,343 7,343 7,343 7,343 7,343 7,343 78,366 12,493 19.0% 75,986 2,379 # 2900 Other Classified (noon and yard supervisors, etc) 114,306 350 3,650 9,281 10,764 8,015 9,518 9,518 9,017 9,017 7,013 10,019 8,516 94,676 (19,630) -17.2% 93,429 1,246 Total 2000 Classified Salaries 411,762 1,225 12,494 35,496 41,773 36,425 41,878 41,878 40,061 40,061 32,790 43,696 38,243-406,020 (5,741) -1.4% 406,220 (200) 3000 Employee Benefits - - 0.0% - # 3111 STRS 67,768 1,536 4,450 6,003 5,704 6,269 6,430 6,430 6,430 6,430 6,430 6,430 6,430-68,973 1,205 1.8% 69,740 (767) # 3212 PERS 0.0% - - # 3311 Social Security (OASDI) 25,529 76 805 1,537 3,723 2,258 2,596 2,596 2,484 2,484 2,033 2,709 2,371-25,673 144 0.6% 24,552 1,121 # 3331 Medicare 17,881 288 970 1,615 1,657 1,630 1,737 1,737 1,711 1,711 1,606 1,764 1,685-18,111 229 1.3% 18,199 (89) # 3401 H & W Payment (medical, dental, vision insurance) 97,479 208 22,035 8,132 9,240 7,675 7,675 7,675 7,675 7,675 7,675 7,675 93,344 (4,135) -4.2% 93,344 - # 3501 SUI Payment Account 13,565 218 736 1,225 1,257 1,237 1,318 1,318 1,298 1,298 1,218 1,338 1,278-13,739 174 1.3% 13,806 (67) # 3601 Wkr Comp Payment Account 24,664-8,607 2,152 (5,379) 5,380 (19,284) -78.2% 5,380 1 # 3901 403B - - - - - - - 0.0% - - # 3902 Other Benefits - - - - - - - 0.0% - - Total 3000 Employee Benefits 246,886 2,326 37,603 20,664 16,202 19,070 19,758 19,758 19,598 19,598 18,962 19,917 11,764-225,219 (21,667) -8.8% 225,021 198 4000 Supplies - - 0.0% - # 4110 Textbooks 29,387-1,813 3,175-17,452 22,440 (6,947) -23.6% 22,440 - # 4210 Other Books and Reference Materials 2,305 - - 436 457 893 (1,412) -61.3% 872 21 # 4310 Instructional Materials 26,111 - - 2,219 1,680 2,824 2,824 2,824 2,824 2,824 2,824 2,824 2,824 26,491 381 1.5% 26,491 - # 4350 Office Supplies 12,677-269 1,806 2,754 937 937 937 937 937 937 937 937 12,323 (354) -2.8% 12,323 - # 4370 Custodial Supplies 584 - - - - 70 70 70 70 70 70 70 70 556 (28) -4.7% 556 - # 4390 Other Supplies 12,986 - - 756 5,338 1,143 1,143 1,143 1,143 1,143 1,143 1,143 1,143 15,241 2,255 17.4% 15,241 - # 4400 Noncapitalized Furniture/Equipment 15,000 - - 1,599 139 408 408 408 408 408 408 408 408 5,000 (10,000) -66.7% 5,000 - # 4700 Food Supplies 77,832 - - - 5,494 8,355 7,036 8,355 8,355 7,915 7,915 6,156 8,795 7,475 75,850 (1,981) -2.5% 77,392 (1,542) # 4710 Food for School Lunch Program - - - - - - - 0.0% - - # 4790 Food Supplies - - - - - - - 0.0% - - Total 4000 Supplies 176,882-2,082 9,991 15,862 31,188 12,417 13,736 13,736 13,296 13,296 11,538 14,176 7,475 158,795 (18,087) -10.2% 160,315 (1,521) 5000 Operating Services - - 0.0% - # 5200 Travel and Conferences 3,500 - - - 7,000 (438) (438) (438) (438) (438) (438) (438) (438) 3,500-0.0% 3,500 - # 5300 Dues and Fees 6,874-1,273-1,792 173 173 173 173 173 173 173 173 4,450 (2,424) -35.3% 4,450 - # 5450 Insurance (property, student accident, board) 15,719-9,662 2,415 (6,038) 6,039 (9,680) -61.6% 6,039 1 # 5500 Utilities and Housekeeping - - - - - 18 18 18 18 18 18 18 18 141 141 0.0% 141 - # 5610 Building Rent 76,732 - - - - 11,569 11,569 11,569 11,569 11,569 11,569 11,569 11,569 11,569 104,122 27,390 35.7% 104,122 - # 5620 Equipment Rental 5,306-746 524 225 461 461 461 461 461 461 461 461 5,184 (122) -2.3% 5,184 - # 5630 Vendor Repairs 3,135 - - - - 392 392 392 392 392 392 392 392 3,135-0.0% 3,135 - # 5812 Pupil Transportation - General 4,700 - - - - 588 588 588 588 588 588 588 588 4,700-0.0% 4,700 - # 5820 Legal/Audit 6,000 - - - - 3,600-3,600 (2,400) -40.0% 3,600 - # 5830 Advertisement/Recruitment 1,869-25 25-214 214 214 214 214 214 214 214 1,765 (104) -5.6% 1,765 - # 5850 Non-Instructional Consultants 18,546-8 - 1,575 2,135 2,135 2,135 2,135 2,135 2,135 2,135 2,135 18,662 116 0.6% 18,662 - # 5851 Instructional Consultants 184,728 - - - 10,058 19,317 19,317 19,317 19,317 19,317 19,317 19,317 19,317 164,592 (20,136) -10.9% 164,592 - # 5853 ExED - - 4,414 - - 4,414 4,414 0.0% 4,414 - # 5890 Other Services & Operating Expe 2,845 - (330) 9 (278) 895 895 895 895 895 895 895 895 6,560 3,715 130.6% 6,560-5891 Factoring Fees - - - - - - - 0.0% - - # 5896 Fair Share Special Education Cost 79,767 3,216 6,432 4,288 4,288 12,237 5,802 5,802 5,802 9,364 4,682 4,682 4,682 4,682 75,961 (3,806) -4.8% 75,656 305 # 5897 Fundraising Cost 5,000-50 50-1,974.95 1,302.70 3.00 731.84 6.98 86.14 286.99 586.44 13.61 5,093 93 1.9% 5,092.66 - # 5900 Communications (tele, internet, postage) 8,432-65 281 1,159 564 564 564 564 564 564 564 564 6,013 (2,419) -28.7% 6,013 - # 5910 Telephone/Internet Expense - - - - - - - 0.0% - - # 5920 Internet Expense - - - - - - - 0.0% - - # 5930 Postage (UPS, Fedex, US Mail) - - - - - - - 0.0% - - Total 5000 Operating Services 423,152 3,216 22,345 7,592 19,781 50,099 42,992 45,292 42,421 45,258 40,655 40,856 41,156 16,265 417,929 (5,223) -1.2% 417,624 305 6000 Capital Outlay # 6900 Depreciation 1,007 403 191 20 20 20 20 20 20 20 20 20 20 794 (214) -21.2% 794 - Total 6000 Capital Outlay 1,007 403 191 20 20 20 20 20 20 20 20 20 20-794 (214) -21.2% 794-7000 Other Outgo - - 0.0% - # 7299 District Oversight Fee 13,290 594 1,188 792 792 823 763 900 1,231 961 215 480 215 6,435 15,388 2,098 15.8% 14,036 1,352 # 7310 INDIRECT COSTS (Transferred to RSO) 165,130-910 8,125 12,484 23,330 21,491 23,923 21,491 21,491 20,607 19,207 19,207 5,067 197,331 32,201 19.5% 200,316 (2,985) # 7438 Debt Service - Interest - - - - - - - 0.0% - - Total 7000 Other Outgo 178,420 594 2,098 8,917 13,276 24,153 22,254 24,822 22,721 22,451 20,822 19,687 19,422 11,501 212,719 34,299 19.2% 214,352 (1,633) Total Expenses 2,259,537 26,168 129,120 158,631 179,870 236,944 217,261 223,448 216,499 218,627 204,488 213,656 202,722 35,241 2,262,675 3,138 0.1% 2,271,002 (8,327) - - - NET INCOME 17,415 856 (82,854) 17,984 (70,451) (53,475) (22,098) (23,317) (27,451) (54,212) (40,842) (60,389) (136,666) 679,280 126,365 108,950 2,604 123,761 14 - - - -