Report to Board of Education – September 6, 2016 Unaudited Actuals Fiscal Year Ended June 30, 2016 Report to Board of Education – September 6, 2016

Unaudited Actuals District’s annual financial report Reports results of operations for fiscal year Becomes basis of annual audit

Unaudited Actuals State-required format Statement of Revenues, Expenditures, and Changes in Fund Balance

Unaudited Actuals Additional information included: Attendance Categorical Programs Indirect Cost Calculation Lottery NCLB Maintenance of Effort Special Education Cost data Other Accounting Data

District Funds General Fund Operating Fund of District Other District Funds As Required by State Nine Specialized Funds Schedule of Capital Assets Schedule of Long-term Debt

Total General Fund Revenues $ 116.8 $ 138.5 Expenditures 115.4 132.5 Unrestricted and Restricted Millions 2015 2016 Revenues $ 116.8 $ 138.5 Expenditures 115.4 132.5 Increase in Fund Balance 1.4 6.0 Ending Fund Balance $ 31.7 $ 37.7

General Fund Revenues

General Fund Expenditures

Ending Fund Balance

General Fund – Actual vs. Estimated Millions Estimated Actuals Actuals Variance Change in: Unrestricted Fund Balance $ (1.51) $ 2.76 $ 4.27 Restricted Fund Balance (2.98) 3.23 6.21 Total $ (4.49) $ 5.99 $ 10.48

General Fund – Actual vs. Estimated Material Positive Budget Variances: Encroachment Under spending of categorical programs Other expenditure accounts

General Fund – Actual vs. Estimated designated balances at June 30, 2016 Principals’ Discretionary $269,366 RTI 330,186 Instructional Materials 707,296 One-time Funding 4,135,233 TOTAL $5,442,233

General Fund Ending Fund Balance Millions Total General Fund Ending Fund Balance $37.7 Undesignated/Reserve for Economic Uncertainties $26.0 Reserve % 19.59%

Indirect Costs Child Development $159,912 Nutrition Services 214,852 Other Categorical Programs 406,720 Total contribution to General Fund: $781,484

Contributions Special Education encroachment $ 8,994,593 Routine repair maintenance transfer 3,608,078 Total contribution from Unrestricted General Fund: $12,602,671 Our encroachment is about 45% of total expenditures…federal IDEA is 13.4%

Local Control Funding Formula CDE website “LCFF Funding Snapshot” Total funding = 93,266,808

Local Control Funding Formula When are we going to become a basic aid district?

Other District Funds Required by State guidelines Used to segregate revenues and expenditures restricted for specific uses

Other District Funds Child Development Fund- slight increase Cafeteria Fund continues to show net increase $215K in developer fees collected Funds with deficit spending reflect planned capital expenditures, spending down of reserves or debt service Special Reserve fund – capital outlay projects reflects transfer from General fund Final transfers out of Special Reserves: Other than cap=874K, OPEB 127K (total $1M)

Next Steps . . . When are we going to become a basic aid district?

Questions?