Monthly financial presentation St. Louis Language   Monthly financial presentation October 2016

Contents September Snapshot Budget Changes Dashboard Check Register 1

September Snapshot Revenue Expenditures Big Picture 2 Gross Revenue to Date: $2,129,487 766K booked in September; 3 month average to date is 719K Local revenue at 67K. Food sales to pupils up by $5,649 for the month versus the previous month State revenue paid 574K, consistent with August. October will be lower by 20K-30K, reflecting FY17 enrollment 124K in federal revenue on budget for now but likely to decrease in October/November reflecting FY17 enrollment Revenue Initial transportation and food service payments align with initial budget projections, and are on budget Plant operations, driven by commitment to building safety, will exceed original projections. At Papin, we are 68K over budget. At Marine, we are 87K over budget We are 30K over budget for consultant services Expenditures State revenue will begin to decrease in October/November to true up Q2 funding with FY17 enrollment Enrollment remains stable at 773, first time several years to not have decrease between August and September A November budget amendment will include 175K of costs that were not initially included in the budget Big Picture 2

Budget Amendment Framework Due to changes in both revenue and expenditures, it will be necessary to pass a budget amendment in November due to having under-anticipated expenses in the areas of facilities maintenance and consultant costs. Taking a conservative approach, potential donations/gifts/grants have been removed from revenue. The initial budget estimated 150K would be received. This figure will be reduced by 135K, leaving a 15K revenue line item for donations.

Budget Amendment Framework These developments have led to a projected FY17 operating deficit of 156K. YTD, we are $7,800 in the red. The budget amendment at the November meeting will re- align the budget to produce a balanced budget at the end of the fiscal year. We may have to take some cash from the reserve in order to balance our books. (We do have well over the required 3% minimum--currently, we have 4.28% in reserve). We could see an additional 20K to 40K in Prop C in our favor next month. Title carryover from FY16 will increase title funding by 86K to 90K over the budgeted amount.