Unaudited Actuals Report for Fiscal Year Ending June 30, 2016

1. Unaudited Actuals Fiscal Year Ended June 30, 2016 Report to Board of Education – September 6, 2016

3. Unaudited Actuals • District’s annual financial report • Reports results of operations for fiscal year • Becomes basis of annual audit

4. Unaudited Actuals • State-required format • Statement of Revenues, Expenditures, and Changes in Fund Balance

5. Unaudited Actuals Additional information included: • Attendance • Categorical Programs • Indirect Cost Calculation • Lottery • NCLB Maintenance of Effort • Special Education Cost data • Other Accounting Data

6. District Funds • General Fund • Operating Fund of District • Other District Funds • As Required by State • Nine Specialized Funds • Schedule of Capital Assets • Schedule of Long-term Debt

7. Total General Fund Unrestricted and Restricted Millions 20152016 Revenues $ 116.8 $ 138.5 Expenditures 115.4132.5 Increase in Fund Balance 1.46.0 Ending Fund Balance $ 31.7 $ 37.7

8. General Fund Revenues

9. General Fund Expenditures

10. Ending Fund Balance

11. General Fund – Actual vs. Estimated

12. General Fund – Actual vs. Estimated Material Positive Budget Variances: • Encroachment • Under spending of categorical programs • Other expenditure accounts

13. General Fund – Actual vs. Estimated designated balances at June 30, 2016

14. General Fund Ending Fund Balance Millions Total General Fund Ending Fund Balance $37.7 Undesignated/Reserve for Economic Uncertainties $26.0 Reserve % 19.59%

16. Indirect Costs Child Development $159,912 Nutrition Services 214,852 Other Categorical Programs 406,720 Total contribution to General Fund: $781,484

17. Contributions • Special Education encroachment $ 8,994,593 • Routine repair maintenance transfer 3,608,078 Total contribution from Unrestricted General Fund: $12,602,671

18. Local Control Funding Formula

19. Local Control Funding Formula

20. Other District Funds • Required by State guidelines • Used to segregate revenues and expenditures restricted for specific uses

21. Other District Funds • Child Development Fund- slight increase • Cafeteria Fund continues to show net increase • $215K in developer fees collected • Funds with deficit spending reflect planned capital expenditures, spending down of reserves or debt service • Special Reserve fund – capital outlay projects reflects transfer from General fund

22. Next Steps . . .

24. Questions?