Presentation to the Special Administrative Board General Operating Budget 2014-2015 Audited Results & 2015-2016 2nd Quarter Financial Update Presentation to the Special Administrative Board Angie Banks, Chief Financial Officer Good afternoon, I will be reviewing the July 1 through September 30 results for the general operating funds. February 11, 2016

Budget Objectives Establish Full Accreditation Align resources to support the District’s Transformation Plan Objectives Operate a system of excellent school options for all students Cultivate and sustain transformational teachers & leaders All students read their way to college & career success Partnerships support the whole child Build financial stability with 10% fund balance target per board policy Reinforce a culture of high expectations and accountability The budget objectives are to move the District academically and financially in a positive direction including full accreditation, alignment with the transformation plan, financial stability, and a culture of high standards St. Louis Public Schools 2/18/2019

Financial Results The first column is our fy2014-15 amended budget indicating a 7m deficit for the year and an ending GOB fund balance of 20m. The audit is nearing completion and we are still on target to achieve more favorable results. The 2nd column is last year’s 1st quarter results for comparison. The 3 column is our FY2015-16 budget indicating 1.4m deficit which would decrease our GOB ending fund balance. Our 1st quarter results in blue are right on target as is expected so early in the year. A few items that may stand out quarter1 over quarter1 have comments in the far right. Specifically, why is local revenue $1.5m higher this year versus last? Well, we sold Lafayette school (750k) and had some KIPP reimbursements (363k) this quarter, none during last year’s 1st quarter. State revenue is up slightly due to being funded by the state at 100% this year versus 97% last year, but that will equalize over the year because we are down overall. Payroll related costs (salaries, temporary/overtime, and benefits categories) are lower because we started school 1 week later than last year. And just as a note, there will be some substitutes and temporary staff receiving benefits under provisions of the affordable care act. 2/18/2019

FY2015-16 GOB Year-End Projection FY2014-15 FY2015-16 FY2015-16 Audited Budget QTR2 Projection Revenues $293.7M $285.6M $285.6M Expenditures $299.8M $287.0M $287.0M Surplus/(Deficit) ($6.1M) ($1.4M) ($1.4M) Ending Fund $20.8M $19.4M $19.4M Balance This is just a summary of the prior slide with the addition of the fy2015-16 projection. No changes versus the budget at this point in time. St. Louis Public Schools 2/18/2019

FY2015-16 Considerations Risks Opportunities Repairs & Maintenance Health Benefits Tax Revenue Building Sales Staffing/Vacancies We do have concerns about the adequacy of the $1.4m repairs and maintenance budget but think we can offset any approved increases with additional revenue and potential staffing opportunities. Risks Opportunities St. Louis Public Schools 2/18/2019

Questions? St. Louis Public Schools 2/18/2019