TWIN RIVERS UNIFIED

1. TWIN RIVERS UNIFIED 2012/13 SECOND INTERIM Presented to the Board of Trustees March 19, 2013

2. SACS BUDGET FORMS • Interim Certification - Positive • Executive Summary – General Fund and all Other Funds • Interim Reports for all Funds – Statement of Revenue Expenditures and Change in Fund Balance • Cash Flow Projections • Average Daily Attendance • Revenue Limit Summary • Multi Year Projection Assumptions – General Fund and all Other Funds • Multi Year Projections – General Fund • Multi Year Projections – Other Funds • Criteria and Standards

3. 2012/13 GENERAL FUND

4. 2012/13 GENERAL FUND REVENUES

5. 2012/13 Revenue Limit • Apply 2012-13 deficit of22.272% to our undeficited2012-13 revenue limit (RL)per ADA • Twin Rivers USD • Funded RL =$7,543 x (1.0-0.22272) =$7,543 x 0.77728 =$5,863 • Loss of $1,680 per ADA • $1,680 x 23,225 ADA = $39,018,000 loss of revenue

6. REVENUES • REVENUE LIMIT SOURCES • Net change of zero • FEDERAL REVENUE INCREASED $5.9 MILLION: • New funding • Title I – PI (Program Improvement) • Updated awards • Title I • Title IIA • STATE REVENUE INCREASED $539 THOUSAND: • New funding • Mandated Cost Block Grant • Updated awards • Decrease EIA (Economic Impact Aid) • Decrease Deferred Maintenance apportionment • LOCAL REVENUE INCREASED $567 THOUSAND: • Updated awards • One-time reimbursements

7. 2012/13 GENERAL FUND EXPENDITURES

8. EXPENDITURES • SALARIES AND BENEFITS: • Certificated increased $510 thousand • $482 thousand increase – restricted • $28 thousand increase – unrestricted • Classified decreased $185 thousand • $109 thousand decrease – restricted • $76 thousand decrease – unrestricted • Benefits increased $89 thousand • BOOKS AND SUPPLIES: • Decreased $313 thousand • $260 thousand decrease – restricted • $53 thousand decrease – unrestricted • SERVICES AND OTHER OPERATING: • Increased $4.7 million • $5.4 million increase – restricted • $702 thousand decrease – unrestricted • CAPITAL OUTLAY: • Increased $109 thousand • $23 thousand increase – restricted • $86 thousand increase – unrestricted

9. Other Funds • Adult Education Fund • Child Development Fund • Cafeteria Fund • Deferred Maintenance Fund • Special Reserve Fund • Special Reserve Fund for Post-Employment • Building Fund • Capital Facilities Fund-Developer Fees • Special Reserve Capital Outlay Fund • Other Enterprise Fund • Retiree Benefit Fund

10. 2013/14 GENERAL FUND - PROJECTIONS

11. 2014/15 GENERAL FUND – PROJECTIONS

12. NEXT STEPS • The 2013/14 Adopted Budget report will be presented at the June 25th Board meeting. • Any questions?