Rod Zivkovich Executive Director of Finance and Support Services 2016-17 Budget Update February 13, 2017 Rod Zivkovich Executive Director of Finance and Support Services

Presentation Objectives Prepare School Board to make an informed decision on the 2016-17 Proposed Revised Budgets Board Action tonight

New information since Board approved the budget Timeline Decision Decision Date New information since Board approved the budget Proposed 2016-17 Budget Adjustments February 13, 2017 2015-16 Audit Updated enrollment, legislation and financial data

Budget Revision Categories Prior year carry over Updated information Grants/Gifts/Revenue Other

Funds Capital and Deferred Maintenance Debt Service Operating Capital Alternative Facilities (Deferred Maintenance) Construction Capital Projects (Technology and Security) Debt Service Insurance and Internal Services Self-Insured Dental and Medical OPEB Trust and Debt Internal Service (Vacation and Severance) Operating Funds Food Services Community Services General Fund/Transportation

2016-17 Proposed Revised Budget Operating Capital

Operating Capital Beginning Fund Balance 3,602,139 $2,722,382 2015-16 Audit 2016-17 Budget Board Approved June 2016 2016-17 Proposed Budget Revisions 2016-17 Proposed Revised Budget Beginning Fund Balance 3,602,139 $2,722,382 $5,287,810 Revenues 3,161,177 3,612,543 225,790 3,838,333 Expenditures 1,475,506 4,442,499 100,361 4,542,860 Rev over Exp 1,685,671 (829,956) 125,429 (704,527) Ending $1,892,426 $4,583,283

2016-17 Proposed Revised Budget Alternative Facilities Fund

Alternative Facilities Fund 2015-16 Audit 2016-17 Budget Board Approved June 2016 2016-17 Proposed Budget Revisions 2016-17 Proposed Revised Budget Beginning Fund Balance $22,172,477 $9,119,676 $11,684,690 Revenues 3,624,236 3,785,510 15,000 3,800,510 Expenditures 14,112,023 12,905,186 Rev over Exp (10,487,787) (9,119,676) (9,104,676) Ending $0 $2,580,014

2016-17 Proposed Revised Budget Capital Projects Fund

Capital Projects Fund Beginning Fund Balance $1,432,498 $419,801 2015-16 Audit 2016-17 Budget Board Approved June 2016 2016-17 Proposed Budget Revisions 20116-17 Proposed Revised Budget Beginning Fund Balance $1,432,498 $419,801 $2,524,462 Revenues 5,743,977 5,982,199 Expenditures 4,652,013 6,260,039 1,000,000 7,260,039 Rev over Exp 1,091,964 (277,840) (1,000,000) (1,277,840) Ending $141,961 $1,246,622

2016-17 Proposed Revised Budget Debt Service Fund

Debt Service Fund Beginning Fund Balance $1,591,349 $733,684 $675,609 2015-16 Audit 2016-17 Budget Board Approved June 2016 2016-17 Proposed Budget Revisions 2016-17 Proposed Revised Budget Beginning Fund Balance $1,591,349 $733,684 $675,609 Revenues 10,935,730 11,175,338 2,000 11,177,338 Expenditures 11,851,470 11,104,750 Rev over Exp (915,740) 70,588 72,588 Ending $804,272 $748,197

2016-17 Proposed Revised Budget Self-Insured Dental Fund

Self-Insured Dental Fund 2015-16 Audit 2016-17 Budget Board Approved June 2016 2016-17 Proposed Budget Revisions 2016-17 Proposed Revised Budget Beginning Fund Balance $1,141,873 $1,131,873 $1,193,408 Revenues 1,265,110 1,300,000 Expenditures 1,213,575 1,340,000 Rev over Exp 51,535 (40,000) Ending $1,091,873 $1,153,408

2016-17 Proposed Revised Budget Self-Insured Medical Fund

Self-Insured Medical Fund 2015-16 Audit 2016-17 Budget Board Approved June 2016 2016-17 Proposed Budget Revisions 2016-17 Proposed Revised Budget Beginning Fund Balance $4,244,085 $4,994,085 $5,577,520 Revenues 19,807,735 20,510,000 (800,000) 19,710,000 Expenditures 18,474,300 19,950,000 (700,000) 19,250,000 Rev over Exp 1,333,435 560,000 (100,000) 460,000 Ending $5,554,085 $6,037,520

2016-17 Proposed Revised Budget Other Post Employment Benefits (OPEB) and Internal Service Funds

OPEB Trust Fund Beginning Fund Balance $14,731,724 $14,006,724 2015-16 Audit 2016-17 Budget Board Approved June 2016 2016-17 Proposed Budget Revisions 2016-17 Proposed Revised Budget Beginning Fund Balance $14,731,724 $14,006,724 $14,927,738 Revenues 196,264 75,000 Expenditures 250 800,000 Rev over Exp 196,014 (725,000) Ending $13,281,724 $14,202,738

OPEB Debt Fund Beginning Fund Balance $189,745 $210,722 $204,574 2015-16 Audit 2016-17 Budget Board Approved June 2016 2016-17 Proposed Budget Revisions 2016-17 Proposed Revised Budget Beginning Fund Balance $189,745 $210,722 $204,574 Revenues 887,385 875,631 (1,760) 873,871 Expenditures 872,556 881,806 Rev over Exp 14,829 (6,175) (7,935) Ending $204,547 $196,639

Internal Services Fund 2015-16 Audit 2016-17 Budget Board Approved June 2016 2016-17 Proposed Budget Revisions 2016-17 Proposed Revised Budget Beginning Fund Balance $6,828,670 $6,821,718 Revenues 536,594 Expenditures 543,546 400,000 Rev over Exp (6,952) (400,000) Ending $6,428,670 $6,421,718

2016-17 Proposed Revised Budget Food Services Fund

Food Services Fund Beginning Fund Balance $1,131,911 $1,133,661 2015-16 Audit 2016-17 Budget Board Approved June 2016 2016-17 Proposed Budget Revisions 2016-17 Proposed Revised Budget Beginning Fund Balance $1,131,911 $1,133,661 $1,144,193 Revenues 5,118,987 5,185,715 (16,201) 5,169,514 Expenditures 5,106,705 5,292,255 Rev over Exp 12,282 (106,540) (122,741) Ending $1,027,121 $1,021,452

2016-17 Proposed Revised Budget Community Services Fund

Community Services Fund 2015-16 Audit 2016-17 Budget Board Approved June 2016 2016-17 Proposed Budget Revisions 2016-17 Proposed Revised Budget Beginning Fund Balance $2,456,490 $2,307,155 $3,016,707 Revenues 12,939,900 12,775,492 279,431 13,054,923 Expenditures 12,379,683 12,799,045 (311,553) 12,427,492 Rev over Exp 560,217 (23,553) 590,984 627,431 Ending $2,283,602 $3,644,138

2016-17 Proposed Revised Budget General/Transportation Funds

General/Transportation Fund 2015-16 Audit 2016-17 Budget Board Approved June 2015 2016-17 Proposed Budget Revisions 2016-17 Proposed Revised Budget Beginning Fund Balance $16,128,663 $13,442,654 $13,052,692 Revenues 131,605,645 129,645,709 2,438,135 132,083,844 Expenditures 134,023,443 130,738,164 2,316,429 133,054,593 Rev over Exp (2,417,798) (1,092,455) 121,706 (970,749) Change in Assigned and Restricted (658,173) Ending Fund Balance $12,350,199 $12,081,943

Next Steps Board approval February 13, 2017

2016-17 Proposed Revised Budgets Presentation Questions and/or Comments