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L.J. Hart & Company 1 Missouri School District Clients

SCHOOL DISTRICT NAME K-12 ENROLLMENT INCIDENTAL FUND TEACHERS FUND DEBT SERVICE FUND CAPITAL PROJECTS FUNDTotal Levy ASSESSED VALUATION MAPLEWOOD-RICHMOND HEIGHTS1,203$2.2411$2.1793$1.0600$0.0000$ ,242,310 HANCOCK PLACE1,446$4.3863$0.0000$1.0100$0.0000$ ,928,310 MARYVILLE R-II1,405$4.2289$0.0000$0.7900$0.1199$ ,390,498 DUNKLIN R-V1,496$3.9308$0.0000$0.6700$0.0000$ ,507,521 HOLDEN R-III1,257$3.7500$0.0000$0.8400$0.0000$ ,009,380 CENTRALIA R-VI1,407$3.4695$0.0000$0.8900$0.0000$ ,234,246 LAWSON R-XIV1,172$3.4024$0.0000$0.9500$0.0000$ ,687,091 HALLSVILLE R-IV1,327$3.0222$0.0000$1.1100$0.1600$ ,543,767 TRENTON R-IX1,172$3.3600$0.0000$0.9000$0.0000$ ,556,001 WINFIELD R-IV1,495$3.1886$0.0000$0.9500$0.1200$ ,051,552 LAMAR R-I1,315$3.7482$0.0000$0.5100$0.0000$ ,820,842 HOLLISTER R-V1,422$3.0530$0.0000$0.8207$0.3800$ ,464,361 WRIGHT CITY R-II OF WARREN CO.1,482$3.1065$0.0000$1.0970$0.0000$ ,900,783 FORSYTH R-III1,171$3.3698$0.0000$0.7500$0.0000$ ,099,045 CARUTHERSVILLE 181,103$3.1723$0.0000$0.2108$0.7100$ ,591,503 PALMYRA R-I1,145$3.3480$0.0000$0.6800$0.0000$ ,399,495 MONITEAU CO. R-I1,315$3.0225$0.0000$0.9756$0.0000$ ,570,589 MONTGOMERY CO. R-II1,215$2.7928$0.0000$0.6500$0.5000$ ,211,486 NORTH CALLAWAY CO. R-I1,100$3.1729$0.0000$0.6622$0.0000$ ,965,169 EL DORADO SPRINGS R-II1,196$3.1861$0.0000$0.5368$0.0000$ ,642,540 BLAIR OAKS R-II1,155$2.7500$0.0000$0.9100$0.0000$ ,843,962 NEW MADRID CO. R-I1,417$3.0600$0.0000$0.2400$0.3400$ ,927,283 SENECA R-VII1,451$2.7500$0.0000$0.8500$0.0000$ ,079,197 MOUNTAIN VIEW-BIRCH TREE R-III1,176$2.7378$ $0.8607$ ,167,847 KNOB NOSTER R-VIII1,490$3.5000$ $ ,248,112 STRAFFORD R-VI1,137$2.7500$0.0000$0.7000$0.0000$ ,619,887 MT. VERNON R-V1,425$2.7500$0.0000$0.5700$0.0000$ ,405,744 BOWLING GREEN R-I1,278$2.8619$ $0.4579$ ,579,806 CRAWFORD CO. R-II1,492$2.7500$0.0000$0.5600$0.0000$ ,175,073 MACON CO. R-I1,362$2.9521$ $0.2500$ ,713,148 SALEM R-801,351$2.7500$0.0000$0.4500$0.0000$ ,720,735 WARSAW R-IX1,298$2.7500$0.0000$0.4500$0.0000$ ,162,421 EAST NEWTON CO. R-VI1,425$2.7500$0.0000$0.4200$0.0000$ ,433,128 EAST PRAIRIE R-II1,131$2.7500$0.0000$0.3500$0.0000$ ,713,336 AVA R-I1,304$2.7500$ $ ,547,803 WILLOW SPRINGS R-IV1,318$2.7500$ $ ,681,122 MORGAN CO. R-II1,384$0.9280$1.7300$0.0000$0.0920$ ,613,092 MOUNTAIN GROVE R-III1,450$2.7500$ $ ,026,758 L.J. Hart & Company 2

SCHOOL DISTRICT NAME K-12 ENROLLMENT INCIDENTAL FUND TEACHERS FUND DEBT SERVICE FUND CAPITAL PROJECTS FUNDTotal Levy ASSESSED VALUATION MAPLEWOOD-RICHMOND HEIGHTS1,203$2.2411$2.1793$1.0600$0.0000$ ,242,310 HANCOCK PLACE1,446$4.3863$0.0000$1.0100$0.0000$ ,928,310 MARYVILLE R-II1,405$4.2289$0.0000$0.7900$0.1199$ ,390,498 DUNKLIN R-V1,496$3.9308$0.0000$0.6700$0.0000$ ,507,521 HOLDEN R-III1,257$3.7500$0.0000$0.8400$0.0000$ ,009,380 CENTRALIA R-VI1,407$3.4695$0.0000$0.8900$0.0000$ ,234,246 LAWSON R-XIV1,172$3.4024$0.0000$0.9500$0.0000$ ,687,091 HALLSVILLE R-IV1,327$3.0222$0.0000$1.1100$0.1600$ ,543,767 TRENTON R-IX1,172$3.3600$0.0000$0.9000$0.0000$ ,556,001 WINFIELD R-IV1,495$3.1886$0.0000$0.9500$0.1200$ ,051,552 LAMAR R-I1,315$3.7482$0.0000$0.5100$0.0000$ ,820,842 HOLLISTER R-V1,422$3.0530$0.0000$0.8207$0.3800$ ,464,361 WRIGHT CITY R-II OF WARREN CO.1,482$3.1065$0.0000$1.0970$0.0000$ ,900,783 FORSYTH R-III1,171$3.3698$0.0000$0.7500$0.0000$ ,099,045 CARUTHERSVILLE 181,103$3.1723$0.0000$0.2108$0.7100$ ,591,503 PALMYRA R-I1,145$3.3480$0.0000$0.6800$0.0000$ ,399,495 MONITEAU CO. R-I1,315$3.0225$0.0000$0.9756$0.0000$ ,570,589 MONTGOMERY CO. R-II1,215$2.7928$0.0000$0.6500$0.5000$ ,211,486 NORTH CALLAWAY CO. R-I1,100$3.1729$0.0000$0.6622$0.0000$ ,965,169 EL DORADO SPRINGS R-II1,196$3.1861$0.0000$0.5368$0.0000$ ,642,540 BLAIR OAKS R-II1,155$2.7500$0.0000$0.9100$0.0000$ ,843,962 NEW MADRID CO. R-I1,417$3.0600$0.0000$0.2400$0.3400$ ,927,283 SENECA R-VII1,451$2.7500$0.0000$0.8500$0.0000$ ,079,197 MOUNTAIN VIEW-BIRCH TREE R-III1,176$2.7378$ $0.8607$ ,167,847 WARSAW R-IX1,298$2.7500$ $0.8000$ ,162,421 KNOB NOSTER R-VIII1,490$3.5000$ $ ,248,112 STRAFFORD R-VI1,137$2.7500$0.0000$0.7000$0.0000$ ,619,887 MT. VERNON R-V1,425$2.7500$0.0000$0.5700$0.0000$ ,405,744 BOWLING GREEN R-I1,278$2.8619$ $0.4579$ ,579,806 CRAWFORD CO. R-II1,492$2.7500$0.0000$0.5600$0.0000$ ,175,073 MACON CO. R-I1,362$2.9521$ $0.2500$ ,713,148 SALEM R-801,351$2.7500$0.0000$0.4500$0.0000$ ,720,735 EAST NEWTON CO. R-VI1,425$2.7500$0.0000$0.4200$0.0000$ ,433,128 EAST PRAIRIE R-II1,131$2.7500$0.0000$0.3500$0.0000$ ,713,336 AVA R-I1,304$2.7500$ $ ,547,803 WILLOW SPRINGS R-IV1,318$2.7500$ $ ,681,122 MORGAN CO. R-II1,384$0.9280$1.7300$0.0000$0.0920$ ,613,092 MOUNTAIN GROVE R-III1,450$2.7500$ $ ,026,758 L.J. Hart & Company 3

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L.J. Hart & Company 8 Spreadsheet 1

L.J. Hart & Company 9 Spreadsheet 1-A

L.J. Hart & Company 10 Form C (Page14) FORM C DEBT SERVICE ( ) Name of School District Warsaw R-IXDistrict No Total current year assessed valuation obtained from the County Assessor or County Clerk (Form A, Page 1 of 3 - Line 1 Total) $147,162, Amount required to pay debt service requirements during the next calendar year (January 2016-December 2016). $724, Estimated costs of collection (collector fees and commissions and Assessment Fund withholdings) and anticipated delinquencies. Experience in prior years is the best guide for estimating un-collectible taxes. (Usually 2 to 10% of Line 2 above) $72, Reasonable reserve up to one year's payment - This will include payments for January December $703, Total required for debt service (Add Lines 2, 3, and 4)$1,500, Anticipated balance at end of current calendar year. Show the anticipated bank balance at December 31, 2015 (account for any principal or interest due and estimated investment earning in the fund.) $264, Property tax revenue required for debt service (Line 5 minus Line 6) Any current balance in the fund available to meet the Debt Service requirements in the next calendar year is deducted from the total revenues required for Debt Service purposes. $1,235, Estimated revenue from state assessed property for debt service for the next calendar year (January-December) $16, Revenue required from locally assessed property for debt service (Line 7 minus Line 8) $1,219, Computation of debt service tax rate [(Line 9 divided by Line 1) times 100] Round a fraction to the nearest one/one hundredth of a cent. See the rounding worksheet. $ Less Voluntary Reduction By School District $ Actual rate to be levied and dedicated for debt service purposes.* Enter this rate on Line AA of the Tax Rate Summary Page. $0.8000

L.J. Hart & Company 11 Bonding Capacity (Page15) Calculation of Bonding Capacity For Warsaw R-IX School District of Benton County, Missouri (Assumes April 5, 2016 election) Local Assessed Valuation (Fiscal Year )$147,162, Assumed State Assessed Valuation*$1,105, Sho-Me Technologies, LLC$23,044 KCP&L of Greater Missouri$983,923 Embarq (formerly Sprint-MO)$98,043 $1,105, $148,267, x 0.15 Lawful Bonding Capacity (15% of Assessed Valuation)$22,240, Less: Total Existing Debt: General Obligation Debt Remaining Principal Series 2007 G.O. Bonds$7,400, Less: Projected Balance in Debt Service Account$934,936.00$1,117, (Less September 1, 2016 Interest Payment)$183, $1,117, Net Bonded Indebtedness$6,282, General Obligation Bonding Capacity$15,958, Proposed Bond Issue Size$8,000, Excess Bonding Capacity$7,958,050.65

L.J. Hart & Company 12 Spreadsheet 3