Final General Fund Budget Validations LEA : Littlestown Area SD Printed 6/19/ :28:26 AM. Page 4

2017-2018 Final General Fund Budget Validations Printed 6/19/2017 10:28:26 AM Page - 1 of 1 Val Number Description Justification 5320 Expenditure Detail: 100 Salaries amount must be greater than 200 Benefits amount. For an exception, please enter a justification below. Benefit amount is higher than salaries due to change in accounting for tuition reimbursement. Function 2800, Object 100: $74,205.00 Function 2800, Object 200: $91,422.00 8060 Ending Fund Balance Entry and Budgetary Reserve: If 5900 Budgetary Reserve is not equal to 0, a justification must be entered below. Budgetary Reserve for unanticipated expenses during the 2017-2018 school year 8080 Ending Fund Balance Entry and Budgetary Reserve: If 0850 Estimated Ending Unassigned Fund Balance is not equal to 0, a justification must be entered below. Unassigned Fund Balance for unanticipated expenditures in the future 8160 Ending Fund Balance Entry and Budgetary Reserve: If 0840 Assigned Fund Balance is not equal to 0, a justification must be entered below. Technology - $500,000; Future Middle School - $1,250,000; District Improvements - $1,000,000 Page 4

2017-2018 Final General Fund Budget Estimated Revenues and Other Financing Sources: Budget Summary Printed 6/19/2017 10:28:26 AM Page - 1 of 1 ITEM AMOUNTS Estimated Beginning Unreserved Fund Balance Available for Appropriation and Reserves Scheduled For Liquidation During The Fiscal Year 0810 Nonspendable Fund Balance 950,000 0820 Restricted Fund Balance 0830 Committed Fund Balance 0840 Assigned Fund Balance 2,750,000 0850 Unassigned Fund Balance 1,594,423 Total Estimated Beginning Unreserved Fund Balance Available for Appropriation and Reserves Scheduled For Liquidation During The Fiscal Year $4,344,423 Estimated Revenues And Other Financing Sources 6000 Revenue from Local Sources 18,293,235 7000 Revenue from State Sources 12,335,420 8000 Revenue from Federal Sources 402,830 9000 Other Financing Sources 198,000 Total Estimated Revenues And Other Financing Sources $31,229,485 Total Estimated Fund Balance, Revenues, and Other Financing Sources Available for Appropriation $35,573,908 Page 5

2017-2018 Final General Fund Budget Estimated Revenues and Other Financing Sources: Detail Printed 6/19/2017 10:28:27 AM Page - 1 of 2 Amount REVENUE FROM LOCAL SOURCES 6111 Current Real Estate Taxes 13,701,735 6112 Interim Real Estate Taxes 80,000 6113 Public Utility Realty Taxes 18,000 6120 Current Per Capita Taxes, Section 679 44,000 6140 Current Act 511 Taxes - Flat Rate Assessments 65,500 6150 Current Act 511 Taxes - Proportional Assessments 3,515,000 6400 Delinquencies on Taxes Levied / Assessed by the LEA 506,000 6500 Earnings on Investments 35,000 6700 Revenues from LEA Activities 56,000 6800 Revenues from Intermediary Sources / Pass-Through Funds 196,000 6910 Rentals 8,000 6940 Tuition from Patrons 58,000 6990 Refunds and Other Miscellaneous Revenue 10,000 REVENUE FROM LOCAL SOURCES $18,293,235 REVENUE FROM STATE SOURCES 7110 Basic Education Funding 6,310,762 7160 Tuition for Orphans Subsidy 30,000 7220 Vocational Education 60,000 7240 Driver Education - Student 3,000 7271 Special Education funds for School-Aged Pupils 1,313,902 7311 Pupil Transportation Subsidy 500,000 7312 Nonpublic and Charter School Pupil Transportation Subsidy 80,000 7320 Rental and Sinking Fund Payments / Building Reimbursement Subsidy 196,858 7330 Health Services (Medical, Dental, Nurse, Act 25) 34,000 7340 State Property Tax Reduction Allocation 897,840 7505 Ready to Learn Block Grant 312,057 7810 State Share of Social Security and Medicare Taxes 501,323 7820 State Share of Retirement Contributions 2,095,678 REVENUE FROM STATE SOURCES $12,335,420 REVENUE FROM FEDERAL SOURCES 8514 NCLB, Title I - Improving the Academic Achievement of the 304,000 Disadvantaged 8515 NCLB, Title II - Preparing, Training and Recruiting High Quality 71,000 Teachers and Principals 8521 Vocational Education - Operating Expenditures 22,830 Page 6

2017-2018 Final General Fund Budget Estimated Revenues and Other Financing Sources: Detail LEA : 112015203 Printed 6/19/2017 10:28:27 AM Littlestown Area SD Page - 2 of 2 Amount REVENUE FROM FEDERAL SOURCES 8820 Medical Assistance Reimbursement for Administrative Claiming (Quarterly) Program 5,000 REVENUE FROM FEDERAL SOURCES $402,830 OTHER FINANCING SOURCES 9200 Proceeds from Extended-Term Financing 198,000 OTHER FINANCING SOURCES $198,000 TOTAL ESTIMATED REVENUES AND OTHER SOURCES 31,229,485 Page 7

2017-2018 Final General Fund Budget Real Estate Tax Rate (RETR) Report AUN: 112015203 Printed 6/19/2017 10:28:28 AM Littlestown Area SD Multi-County Rebalancing Based on Methodology of Section 672.1 of School Code Page - 1 of 3 Act 1 Index (current): 3.2% Calculation Method: Rate Approx. Tax Revenue from RE Taxes: $13,701,735 Amount of Tax Relief for Homestead Exclusions $897,840 Total Approx. Tax Revenue: $14,599,575 Approx. Tax Levy for Tax Rate Calculation: $15,126,018 Adams Total 2016-17 Data a. Assessed Value $1,290,730,100 $1,290,730,100 b. Real Estate Mills 11.3507 I. 2017-18 Data c. 2015 STEB Market Value $952,294,054 $952,294,054 d. Assessed Value $1,306,478,700 $1,306,478,700 e. Assessed Value of New Constr/ Renov $0 $0 2016-17 Calculations f. 2016-17 Tax Levy $14,650,690 $14,650,690 (a * b) 2017-18 Calculations II. g. Percent of Total Market Value 100.00000% 100.00000% h. Rebalanced 2016-17 Tax Levy $14,650,690 $14,650,690 (f Total * g) i. Base Mills Subject to Index 11.3507 (h / a * 1000) if no reassessment (h / (d-e) * 1000) if reassessment Calculation of Tax Rates and Levies Generated j. Weighted Avg. Collection Percentage 96.30000% 96.30000% k. Tax Levy Needed $15,126,018 $15,126,018 III. (Approx. Tax Levy * g) l. 2017-18 Real Estate Tax Rate 11.5777 (k / d * 1000) m. Tax Levy Generated by Mills $15,126,018 $15,126,018 (l / 1000 * d) n. Tax Levy minus Tax Relief for Homestead Exclusions $14,228,178 (m - Amount of Tax Relief for Homestead Exclusions) o. Net Tax Revenue Generated By Mills $13,701,735 (n * Est. Pct. Collection) Page 8

2017-2018 Final General Fund Budget Local Education Agency Tax Data REAL ESTATE, PER CAPITA (SEC. 679), EIT/PIT (ACT 1), LOCAL ENABLING (ACT 511) Printed 6/19/2017 10:28:28 AM Page - 1 of 1 CODE 6111 Current Real Estate Taxes County Name Taxable Assessed Value Real Estate Mills Tax Levy Generated by Mills Amount of Tax Relief for Homestead Exclusions Tax Levy Minus Homestead Exclusions Percent Collected Adams 1,306,478,700 11.5777 15,126,018 96.30000% Net Tax Revenue Generated By Mills Totals: 1,306,478,700 15,126,018-897,840 = 14,228,178 X 96.30000% = 13,701,735 Rate Estimated Revenue 6120 Current Per Capita Taxes, Section 679 $5.00 44,000 6140 Current Act 511 Taxes Flat Rate Assessments Rate Add'l Rate (if appl.) Tax Levy Estimated Revenue 6141 Current Act 511 Per Capita Taxes $5.00 $0.00 53,000 44,000 6142 Current Act 511 Occupation Taxes Flat Rate $0.00 $0.00 0 0 6143 Current Act 511 Local Services Taxes $5.00 $0.00 23,000 21,500 6144 Current Act 511 Trailer Taxes $0.00 $0.00 0 0 6145 Current Act 511 Business Privilege Taxes Flat Rate $0.00 $0.00 0 0 6146 Current Act 511 Mechanical Device Taxes Flat Rate $0.00 $0.00 0 0 6149 Current Act 511 Taxes, Other Flat Rate Assessments $0.00 $0.00 0 0 Total Current Act 511 Taxes Flat Rate Assessments 76,000 65,500 6150 Current Act 511 Taxes Proportional Assessments Rate Add'l Rate (if appl.) Tax Levy Estimated Revenue 6151 Current Act 511 Earned Income Taxes 1.100% 0.000% 3,250,000 3,250,000 6152 Current Act 511 Occupation Taxes 0.000 0.000 0 0 6153 Current Act 511 Real Estate Transfer Taxes 0.500% 0.000% 265,000 265,000 6154 Current Act 511 Amusement Taxes 0.000% 0.000% 0 0 6155 Current Act 511 Business Privilege Taxes 0.000 0.000 0 0 6156 Current Act 511 Mechanical Device Taxes Percentage 0.000% 0.000% 0 0 6157 Current Act 511 Mercantile Taxes 0.000 0.000 0 0 6159 Current Act 511 Taxes, Other Proportional Assessments 0 0 0 0 Total Current Act 511 Taxes Proportional Assessments 3,515,000 3,515,000 Total Act 511, Current Taxes 3,580,500 Act 511 Tax Limit --> 952,294,054 X 12 11,427,529 Market Value Mills (511 Limit) Page 11

2017-2018 Final General Fund Budget Comparison of Tax Rate Changes to Index Printed 6/19/2017 10:28:29 AM Page - 1 of 1 Tax Functio n Description Tax Rate Charged in: Additional Tax Rate Percent Less than Charged in: Change in or equal to Index 2016-17 2017-18 2017-18 Rate Index 2016-17 (Rebalanced) (Rebalanced) Percent Change in Rate Less than or equal to Index 6111 Current Real Estate Taxes Adams 11.3507 11.5777 2.00% Yes 3.2% 6120 Current Per Capita Taxes, Section 679 $5.00 $5.00 0.00% Yes 3.2% Current Act 511 Taxes Flat Rate Assessments 6141 Current Act 511 Per Capita Taxes $5.00 $5.00 0.00% Yes 3.2% 6143 Current Act 511 Local Services Taxes $5.00 $5.00 0.00% Yes 3.2% Current Act 511 Taxes Proportional Assessments 6151 Current Act 511 Earned Income Taxes 1.100% 1.100% 0.00% Yes 3.2% 6153 Current Act 511 Real Estate Transfer Taxes 0.500% 0.500% 0.00% Yes 3.2% Page 12

2017-2018 Final General Fund Budget Estimated Expenditures and Other Financing Uses: Budget Summary Printed 6/19/2017 10:28:29 AM Page - 1 of 1 Description Amount 1000 Instruction 1100 Regular Programs - Elementary / Secondary 13,894,243 1200 Special Programs - Elementary / Secondary 4,927,636 1300 Vocational Education 1,295,955 1400 Other Instructional Programs - Elementary / Secondary 396,148 Total Instruction $20,513,982 2000 Support Services 2100 Support Services - Students 862,185 2200 Support Services - Instructional Staff 1,435,129 2300 Support Services - Administration 1,986,122 2400 Support Services - Pupil Health 281,994 2500 Support Services - Business 278,925 2600 Operation and Maintenance of Plant Services 1,855,103 2700 Student Transportation Services 1,283,016 2800 Support Services - Central 229,380 2900 Other Support Services 20,000 Total Support Services $8,231,854 3000 Operation of Non-Instructional Services 3200 Student Activities 520,248 3300 Community Services 4,000 Total Operation of Non-Instructional Services $524,248 5000 Other Expenditures and Financing Uses 5100 Debt Service / Other Expenditures and Financing Uses 1,920,273 5200 Interfund Transfers - Out 275,000 5900 Budgetary Reserve 100,000 Total Other Expenditures and Financing Uses $2,295,273 Total Estimated Expenditures and Other Financing Uses $31,565,357 Page 13

2017-2018 Final General Fund Budget Estimated Expenditures and Other Financing Uses: Detail Printed 6/19/2017 10:28:30 AM Page - 1 of 4 Description Amount 1000 Instruction 1100 Regular Programs - Elementary / Secondary 100 Personnel Services - Salaries 7,440,114 200 Personnel Services - Employee Benefits 4,891,712 300 Purchased Professional and Technical Services 388,600 400 Purchased Property Services 2,769 500 Other Purchased Services 755,792 600 Supplies 221,741 700 Property 190,862 800 Other Objects 2,653 Total Regular Programs - Elementary / Secondary $13,894,243 1200 Special Programs - Elementary / Secondary 100 Personnel Services - Salaries 1,346,191 200 Personnel Services - Employee Benefits 810,854 300 Purchased Professional and Technical Services 1,833,000 500 Other Purchased Services 922,000 600 Supplies 15,191 800 Other Objects 400 Total Special Programs - Elementary / Secondary $4,927,636 1300 Vocational Education 100 Personnel Services - Salaries 620,223 200 Personnel Services - Employee Benefits 397,062 400 Purchased Property Services 1,670 500 Other Purchased Services 219,873 600 Supplies 49,844 700 Property 7,283 Total Vocational Education $1,295,955 1400 Other Instructional Programs - Elementary / Secondary 100 Personnel Services - Salaries 157,540 200 Personnel Services - Employee Benefits 103,814 400 Purchased Property Services 3,850 500 Other Purchased Services 129,300 600 Supplies 1,644 Total Other Instructional Programs - Elementary / Secondary $396,148 Total Instruction $20,513,982 2000 Support Services 2100 Support Services - Students 100 Personnel Services - Salaries 547,920 200 Personnel Services - Employee Benefits 308,884 500 Other Purchased Services 2,500 600 Supplies 2,271 800 Other Objects 610 Total Support Services - Students $862,185 2200 Support Services - Instructional Staff Page 14

2017-2018 Final General Fund Budget Estimated Expenditures and Other Financing Uses: Detail LEA : 112015203 Printed 6/19/2017 10:28:30 AM Description Littlestown Area SD 100 Personnel Services - Salaries 561,641 200 Personnel Services - Employee Benefits 497,373 300 Purchased Professional and Technical Services 65,250 400 Purchased Property Services 3,500 500 Other Purchased Services 45,500 600 Supplies 164,320 700 Property 96,700 800 Other Objects 845 Total Support Services - Instructional Staff $1,435,129 2300 Support Services - Administration 100 Personnel Services - Salaries 984,021 200 Personnel Services - Employee Benefits 573,554 300 Purchased Professional and Technical Services 211,550 400 Purchased Property Services 4,600 500 Other Purchased Services 93,162 600 Supplies 68,357 700 Property 26,478 800 Other Objects 24,400 Total Support Services - Administration $1,986,122 2400 Support Services - Pupil Health 100 Personnel Services - Salaries 164,125 200 Personnel Services - Employee Benefits 104,169 300 Purchased Professional and Technical Services 3,800 400 Purchased Property Services 250 500 Other Purchased Services 50 600 Supplies 8,100 700 Property 500 800 Other Objects 1,000 Total Support Services - Pupil Health $281,994 2500 Support Services - Business 100 Personnel Services - Salaries 162,143 200 Personnel Services - Employee Benefits 93,992 300 Purchased Professional and Technical Services 18,250 400 Purchased Property Services 700 500 Other Purchased Services 990 600 Supplies 750 800 Other Objects 2,100 Total Support Services - Business $278,925 Page - 2 of 4 2600 Operation and Maintenance of Plant Services 100 Personnel Services - Salaries 527,615 200 Personnel Services - Employee Benefits 390,663 300 Purchased Professional and Technical Services 1,250 400 Purchased Property Services 246,000 500 Other Purchased Services 67,800 600 Supplies 582,275 700 Property 39,000 Page 15 Amount

2017-2018 Final General Fund Budget Estimated Expenditures and Other Financing Uses: Detail LEA : 112015203 Printed 6/19/2017 10:28:30 AM Description Littlestown Area SD 800 Other Objects 500 Total Operation and Maintenance of Plant Services $1,855,103 2700 Student Transportation Services 100 Personnel Services - Salaries 358,626 200 Personnel Services - Employee Benefits 165,620 300 Purchased Professional and Technical Services 5,000 400 Purchased Property Services 57,274 500 Other Purchased Services 537,626 600 Supplies 111,475 700 Property 47,050 800 Other Objects 345 Total Student Transportation Services $1,283,016 2800 Support Services - Central 100 Personnel Services - Salaries 74,205 200 Personnel Services - Employee Benefits 91,422 400 Purchased Property Services 28,500 600 Supplies 35,253 Total Support Services - Central $229,380 2900 Other Support Services 500 Other Purchased Services 20,000 Total Other Support Services $20,000 Total Support Services $8,231,854 3000 Operation of Non-Instructional Services 3200 Student Activities 100 Personnel Services - Salaries 262,649 200 Personnel Services - Employee Benefits 108,007 300 Purchased Professional and Technical Services 69,929 400 Purchased Property Services 18,350 500 Other Purchased Services 29,985 600 Supplies 16,274 700 Property 8,294 800 Other Objects 6,760 Total Student Activities $520,248 3300 Community Services 300 Purchased Professional and Technical Services 4,000 Total Community Services $4,000 Total Operation of Non-Instructional Services $524,248 5000 Other Expenditures and Financing Uses 5100 Debt Service / Other Expenditures and Financing Uses 800 Other Objects 1,055,013 900 Other Uses of Funds 865,260 Total Debt Service / Other Expenditures and Financing Uses $1,920,273 5200 Interfund Transfers - Out Page 16 Page - 3 of 4 Amount

2017-2018 Final General Fund Budget Estimated Expenditures and Other Financing Uses: Detail LEA : 112015203 Printed 6/19/2017 10:28:30 AM Description Littlestown Area SD 900 Other Uses of Funds 275,000 Total Interfund Transfers - Out $275,000 5900 Budgetary Reserve 800 Other Objects 100,000 Total Budgetary Reserve $100,000 Total Other Expenditures and Financing Uses $2,295,273 TOTAL EXPENDITURES $31,565,357 Page - 4 of 4 Amount Page 17

2017-2018 Final General Fund Budget Schedule Of Cash And Investments (CAIN) Printed 6/19/2017 10:28:30 AM Page - 1 of 2 Cash and Short-Term Investments 06/30/2017 Estimate 06/30/2018 Projection General Fund 5,800,000 5,500,000 Public Purpose (Expendable) Trust Fund Other Comptroller-Approved Special Revenue Funds Athletic / School-Sponsored Extra Curricular Activities Fund Capital Reserve Fund - 690, 1850 Capital Reserve Fund - 1431 280,000 750,000 Other Capital Projects Fund 5,000,000 1,000,000 Debt Service Fund Food Service / Cafeteria Operations Fund 75,000 80,000 Child Care Operations Fund Other Enterprise Funds Internal Service Fund Private Purpose Trust Fund Investment Trust Fund Pension Trust Fund Activity Fund 125,000 130,000 Other Agency Fund Permanent Fund Total Cash and Short-Term Investments $11,280,000 $7,460,000 Long-Term Investments 06/30/2017 Estimate 06/30/2018 Projection General Fund 1,000,000 1,000,000 Public Purpose (Expendable) Trust Fund Other Comptroller-Approved Special Revenue Funds Athletic / School-Sponsored Extra Curricular Activities Fund Capital Reserve Fund - 690, 1850 Capital Reserve Fund - 1431 Other Capital Projects Fund 1,000,000 Debt Service Fund Food Service / Cafeteria Operations Fund Child Care Operations Fund Other Enterprise Funds Internal Service Fund Private Purpose Trust Fund Investment Trust Fund Pension Trust Fund Activity Fund 25,000 25,000 Other Agency Fund Page 18

2017-2018 Final General Fund Budget Schedule Of Cash And Investments (CAIN) Printed 6/19/2017 10:28:30 AM Page - 2 of 2 Long-Term Investments 06/30/2017 Estimate 06/30/2018 Projection Permanent Fund Total Long-Term Investments $2,025,000 $1,025,000 TOTAL CASH AND INVESTMENTS $13,305,000 $8,485,000 Page 19

2017-2018 Final General Fund Budget Schedule Of Indebtedness (DEBT) Printed 6/19/2017 10:28:31 AM Page - 1 of 6 Long-Term Indebtedness 06/30/2017 Estimate 06/30/2018 Projection General Fund 25,550,000 24,765,000 2,200,000 2,300,000 Total General Fund $27,750,000 $27,065,000 Public Purpose (Expendable) Trust Fund Total Public Purpose (Expendable) Trust Fund Other Comptroller-Approved Special Revenue Funds Total Other Comptroller-Approved Special Revenue Funds Athletic / School-Sponsored Extra Curricular Activities Fund Total Athletic / School-Sponsored Extra Curricular Activities Fund Capital Reserve Fund - 690, 1850 Page 20

2017-2018 Final General Fund Budget Schedule Of Indebtedness (DEBT) Printed 6/19/2017 10:28:31 AM Page - 2 of 6 Long-Term Indebtedness 06/30/2017 Estimate 06/30/2018 Projection Total Capital Reserve Fund - 690, 1850 Capital Reserve Fund - 1431 Total Capital Reserve Fund - 1431 Other Capital Projects Fund Total Other Capital Projects Fund Debt Service Fund Total Debt Service Fund Food Service / Cafeteria Operations Fund Page 21

2017-2018 Final General Fund Budget Schedule Of Indebtedness (DEBT) Printed 6/19/2017 10:28:31 AM Page - 3 of 6 Long-Term Indebtedness 06/30/2017 Estimate 06/30/2018 Projection Total Food Service / Cafeteria Operations Fund Child Care Operations Fund Total Child Care Operations Fund Other Enterprise Funds Total Other Enterprise Funds Internal Service Fund Total Internal Service Fund Private Purpose Trust Fund Total Private Purpose Trust Fund Page 22

2017-2018 Final General Fund Budget Schedule Of Indebtedness (DEBT) Printed 6/19/2017 10:28:31 AM Page - 4 of 6 Long-Term Indebtedness 06/30/2017 Estimate 06/30/2018 Projection Investment Trust Fund Total Investment Trust Fund Pension Trust Fund Total Pension Trust Fund Activity Fund Total Activity Fund Other Agency Fund Total Other Agency Fund Permanent Fund Page 23

2017-2018 Final General Fund Budget Schedule Of Indebtedness (DEBT) Printed 6/19/2017 10:28:31 AM Page - 5 of 6 Long-Term Indebtedness 06/30/2017 Estimate 06/30/2018 Projection Total Permanent Fund Total Long-Term Indebtedness $27,750,000 $27,065,000 Page 24

2017-2018 Final General Fund Budget Schedule Of Indebtedness (DEBT) Printed 6/19/2017 10:28:31 AM Page - 6 of 6 Short-Term Payables 06/30/2017 Estimate 06/30/2018 Projection General Fund 760,000 785,000 Public Purpose (Expendable) Trust Fund Other Comptroller-Approved Special Revenue Funds Athletic / School-Sponsored Extra Curricular Activities Fund Capital Reserve Fund - 690, 1850 Capital Reserve Fund - 1431 Other Capital Projects Fund Debt Service Fund Food Service / Cafeteria Operations Fund Child Care Operations Fund Other Enterprise Funds Internal Service Fund Private Purpose Trust Fund Investment Trust Fund Pension Trust Fund Activity Fund Other Agency Fund Permanent Fund Total Short-Term Payables $760,000 $785,000 TOTAL INDEBTEDNESS $28,510,000 $27,850,000 Page 25

2017-2018 Final General Fund Budget Fund Balance Summary (FBS) Printed 6/19/2017 10:28:31 AM Page - 1 of 1 Account Description Amounts 0810 Nonspendable Fund Balance 950,000 0820 Restricted Fund Balance 0830 Committed Fund Balance 0840 Assigned Fund Balance 2,750,000 0850 Unassigned Fund Balance 1,258,551 Total Ending Fund Balance - Committed, Assigned, and Unassigned $4,008,551 5900 Budgetary Reserve 100,000 Total Estimated Ending Committed, Assigned, and Unassigned Fund Balance and Budgetary Reserve $5,058,551 Page 26