Rod Zivkovich Executive Director of Finance and Support Services 2017-18 Budget Update December 11, 2017 Rod Zivkovich Executive Director of Finance and Support Services

Presentation Objectives Prepare School Board to make an informed decision on the 2017-18 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 December 11, 2017 2016-17 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

2017-18 Proposed Revised Budget Operating Capital

Operating Capital Beginning Fund Balance $5,287,810 $4,583,283 2016-17 Audit 2017-18 Budget Board Approved June 2017 2017-18 Proposed Budget Revisions 2017-18 Proposed Revised Budget Beginning Fund Balance $5,287,810 $4,583,283 $8,119,541 Revenues 3,828,925 3,645,511 72,145 3,717,656 Expenditures 997,194 4,420,174 1,085,767 5,505,941 Rev over Exp 2,831,731 (774,663) (1,013,622) (1,788,285) Ending $3,808,620 $6,331,256

2017-18 Proposed Revised Budget Alternative Facilities Fund

Alternative Facilities Fund 2016-17 Audit 2017-18 Budget Board Approved June 2017 2017-18 Proposed Budget Revisions 2017-18 Proposed Revised Budget Beginning Fund Balance $11,684,690 $27,218,885 $23,903,542 Revenues 28,667,340 3,481,335 Expenditures 16,448,487 15,618,187 Rev over Exp 12,218,852 (12,136,852) Ending $15,082,033 $11,766,690

2017-18 Proposed Revised Budget Capital Projects Fund

Capital Projects Fund Beginning Fund Balance $2,524,462 $1,246,622 2016-17 Audit 2017-18 Budget Board Approved June 2017 2017-18 Proposed Budget Revisions 2017-18 Proposed Revised Budget Beginning Fund Balance $2,524,462 $1,246,622 $4,284,126 Revenues 5,988,723 6,864,950 Expenditures 4,229,059 6,550,000 1,200,000 7,750,000 Rev over Exp 1,759,664 314,950 (885,050) Ending $1,561,572 $3,399,076

2017-18 Proposed Revised Budget Debt Service Fund

Debt Service Fund Beginning Fund Balance $675,609 $748,197 $1,357,182 2016-17 Audit 2017-18 Budget Board Approved June 2017 2017-18 Proposed Budget Revisions 2017-18 Proposed Revised Budget Beginning Fund Balance $675,609 $748,197 $1,357,182 Revenues 11,789,373 10,592,324 Expenditures 11,107,800 11,167,799 Rev over Exp 681,573 (575,475) Ending $172,722 $781,707

2017-18 Proposed Revised Budget Self-Insured Dental Fund

Self-Insured Dental Fund 2016-17 Audit 2017-18 Budget Board Approved June 2017 2017-18 Proposed Budget Revisions 2017-18 Proposed Revised Budget Beginning Fund Balance $1,193,408 $1,153,408 $1,167,765 Revenues 1,241,590 1,300,000 Expenditures 1,267,233 1,400,000 Rev over Exp (25,643) (100,000) Ending $1,053,408 $1,067,765

2017-18 Proposed Revised Budget Self-Insured Medical Fund

Self-Insured Medical Fund 2016-17 Audit 2017-18 Budget Board Approved June 2017 2017-18 Proposed Budget Revisions 2017-18 Proposed Revised Budget Beginning Fund Balance $5,577,520 $6,037,520 $7,461,312 Revenues 21,925,335 20,010,000 Expenditures 20,041,543 19,760,000 Rev over Exp 1,883,792 250,000 Ending $6,287,520 $7,711,312

2017-18 Proposed Revised Budget Other Post Employment Benefits (OPEB) and Internal Service Funds

OPEB Trust Fund Beginning Fund Balance $14,927,737 $14,202,738 2016-17 Audit 2017-18 Budget Board Approved June 2017 2017-18 Proposed Budget Revisions 2017-18 Proposed Revised Budget Beginning Fund Balance $14,927,737 $14,202,738 $15,066,751 Revenues 139,264 75,000 Expenditures 250 400,000 600,000 1,000,000 Rev over Exp 139,014 (325,000) (925,000) Ending $13,877,738 $14,141,751

OPEB Debt Fund Beginning Fund Balance $204,574 $196,639 $189,514 2016-17 Audit 2017-18 Budget Board Approved June 2017 2017-18 Proposed Budget Revisions 2017-18 Proposed Revised Budget Beginning Fund Balance $204,574 $196,639 $189,514 Revenues 12,329,167 829,121 Expenditures 12,344,257 877,306 Rev over Exp (15,060) (48,185) Ending $148,454 $141,329

Internal Services Fund 2016-17 Audit 2017-18 Budget Board Approved June 2017 2017-18 Proposed Budget Revisions 2017-18 Proposed Revised Budget Beginning Fund Balance $6,821,718 $6,421,718 $2,455,514 Revenues 517,122 Expenditures 4,883,326 600,000 (600,000) Rev over Exp (4,366,204) Ending $5,821,718

2017-18 Proposed Revised Budget Food Services Fund

Food Services Fund Beginning Fund Balance $1,144,191 $1,021,452 2016-17 Audit 2017-18 Budget Board Approved June 2017 2017-18 Proposed Budget Revisions 2017-18 Proposed Revised Budget Beginning Fund Balance $1,144,191 $1,021,452 $1,171,653 Revenues 5,243,131 5,167,141 Expenditures 5,215,669 5,318,113 Rev over Exp 27,462 (150,972) Ending $870,480 $1,020,681

2017-18 Proposed Revised Budget Community Services Fund

Community Services Fund 2016-17 Audit 2017-18 Budget Board Approved June 2017 2017-18 Proposed Budget Revisions 2017-18 Proposed Revised Budget Beginning Fund Balance $3,016,707 $3,644,138 $4,791,155 Revenues 13,573,521 12,351,191 (72,307) 12,278,884 Expenditures 11,799,074 12,447,182 99,671 12,546,853 Rev over Exp 1,774,448 (95,991) (171,978) (267,969) Ending $3,548,147 $4,523,186

2017-18 Proposed Revised Budget General/Transportation Funds

General/Transportation Funds 2016-17 Audit 2017-18 Budget Board Approved June 2017 2017-18 Proposed Budget Revisions 2017-18 Proposed Revised Budget Beginning Fund Balance $13,052,692 $12,081,943 $12,285,264 Revenues 140,828,651 132,950,206 1,399,490 134,349,696 Expenditures 140,432,442 135,664,853 866,506 136,531,359 Adjusted to Restricted or Committed (1,163,638) 532,984 (2,181,663) Rev over Exp (767,428) (2,714,647) Ending Fund Balance 8.7% of Expenditures $9,367,296 6.9% of Expenditures $10,103,601 7.4% of Expenditures

Next Steps Board approval December 11, 2017

2017-18 Proposed Revised Budgets Presentation Questions and/or Comments