RED OAK COMMUNITY SCHOOL CERTIFIED ANNUAL REPORT FINANCIAL INFORMATION Fiscal Year 2007-2008 Shirley Maxwell, Business Manager

ENROLLMENT INFORMATION 2008 2007 2006 Resident Students Served in District 1188.4 1222.3 1223.4 Students Open Enrolled Out 83 86 93 Students Tuitioned Out 16 17 11 Students Open Enrolled In 32.1 29.1 24.1 Students Generating State Aid 1288.7 1327.1 1328.2 Teacher FTE 109.5 105.9 103.8

ENROLLMENT DATA 1454 1425 1416 1408 1353 1336 1336 1372 1328 1328 1327 1289

FUND CLASSIFICATIONS General Funds Special Revenue Funds Capital Projects Funds Debt Service Funds Trust and Agency Funds

GENERAL FUND Accounts for all financial resources of the district--EXCEPT those required to be accounted for in another fund.

2007-2008 General Fund Revenue

2008 EXPENDITURES GENERAL FUND

PERSONNEL COSTING DETAIL TITLE FTE % SALARY Teachers/Substitutes 94.38 64.73% $4,449,973 Administration 5.0 6.07% $417,232 Support Staff 8.31 6.42% $441,598 Bus Drivers 12.0 2.61% $179,619 Coaches 2.73% $187,898 Custodians 12.5 4.33% $297,505 Cooks 13.25 3.59% $247,125 Teacher Associates 25.1 4.95% $340,360 Office Personnel 12 3.28% $225,167 Business Manager 1.0 .69% $47,100 Nurse 1 .60% $41,474 184.64 $6,875,051

Total Expenditures Salaries & Benefits $10,986,690 $6,627,926 $2,320,734 81.45% Of total general fund expenditures go toward salaries & benefits (Tuition excluded)

Management Fund This fund is created to deposit and expend money from a levy certified by the board of directors for the purpose of liability insurance, unemployment, early retirement incentives, and judgments. For the year 2007-2008 this generated approximately $96,744.

MANAGEMENT FUND Beginning Balance: $187,813 REVENUE: $96,744 EXPENDITURES: $160,281 Ending Balance: $124,276 INSURANCE WORKERS COMPENSATION UNEMPLOYMENT EARLY RETIREMENT/IF OVER 55 YRS

CAPITAL PROJECTS FUND Funds used to account for financial resources to be used for the acquisition or construction of major capital facilities other than those financed by proprietary funds and trust funds. EX: Local Option Sales Tax, Penny Tax Silo Tax

CAPITAL PROJECTS LOCAL OPTION SALES TAX BEGINNING BALANCE $372,285 Montgomery $746,871 Page County $ 1,081 Pott County $ 0 Interest $ 4,992 TOTAL REVENUE/YEAR $ 752,944 EXPENDITURES $ 650,000 FUND ENDING BALANCE 6/30 $475,228

PHYSICAL PLANT AND EQUIPMENT LEVY FUND PPEL A fund created to deposit and expend money from a levy certified by the board of directors and/or a voter-approved levy. The voter-approved levy may be all property tax or a combination of property tax and income surtax. The PPEL fund is a special revenue fund limited to expenditures for facilities, grounds, and certain equipment.

FACILITIES, ACQUISITIONS, CONSTRUCTION, DEBT SERVICE PPEL Debt Service Beginning Bal $ 984,805 $ Revenue $ 478,725 $ 812,873 Expenditure $ 559,693 $ 812,873 Difference $ 80,968 $ Ending Balance $903,837 $ 0

BUS FLEET BUSES: Year Bus # Cap Miles 2008 8 84 6,295 Act. 2005 1 65 47,017 Route 2001 3 65 79,759 Route 2001 6 65 123,820 Route 2000 5 59 87,079 Route 2000 14 32 100,643 Handi. 1999 21 65 85,157 Route 1998 9 53 97,209 Spare 1996 2 65 173,309 Route 1994 10 53 167,777 Spare 1992 11 65 169,517 City *1996 7 53 132,199 Groun

SMALL VEHICLES VANS: Year No Cap Mileage 2007 26 12 Lunch 21,792 2006 27 7 Sp Ed 59,733 2005 23 7 Sp Ed 131,799 2005 24 SUB 8 Spare 53,113 2003 22 7 Sp Ed 186,632 2001 17 7 Spare 189,049 2000 20 8 Spare 157,058 1997 25 SUB 8 Sp Ed 137,221 1999 12 8 Spare 182,540 1995 15 8 Spare 183,678 1995 18 8 Storage 231,385 Check on use of vehicles

SERVICE VEHICLES Year Mileage MAINTENANCE TRUCK: 2007 21,792 LUNCH VAN: 1994 105,612

PROPRIETARY FUNDS Funds which account for operations that are financed and operated in a manner similar to private business enterprises. The intent of the entity is that the costs of providing the goods or services be financed primarily through user charges or where periodic determination of revenues, expense and net income is appropriate. Ex: Hot Lunch Fund Pop Fund

ENTERPRISE FUNDS Hot Lunch Pop Fund Beginning Balance $344,748 $11,615 Revenue $526,462 $ 7,766 Expenditure $535,663 $ 8,426 Ending Balance $335,547 $10,955 Check this with Jeannice. $10,362 difference with Treasurers Fund CAR

2007-2008 GRANTS

RIGHT START GRANT Beginning Balance 7/1/07 $3,893 REVENUE: $26,565 GRANTS 98% $ 628 DONATIONS 2% TOTAL REV: $27,193 EXPENSES: $26,565 Ending Balance 07-08 $4,521

YES MENTORING GRANTS/DONATIONS Began in 06-07 Ending Balance $1,471.60 07-08 Revenue $4,214.40 07-08 Expenditures $3,879.37 Adjustments ($3,879.37) Ending Balance $5,686.00

Special Education Program 185 resident students were enrolled in the special education program 31 students were Tuitioned out of our district. We have 15 special education teachers and 18 paraprofessionals in this program.

2007-2008 Receipts: Dollars generated by special education students as prescribed by Chapter 257 and 256B (Resident Students Only).   No. of Students 2005 Count Full Time (1) No. of Students 2005 Count Part Time (2) Weighting of Students (3) Receipts for 1.0$ (col.1 + col.2) x District Cost Per Pupil(4741) (4) Receipts for Additional Weighted $ Col 3 x DCPP(4741) (5) Total Col 4 + Col 5 (6) Level I - 1.72 1 155 111.60 826,615 595,163 1,421,778 Level II - 2.21 2 30 36.30 159,990  193,588 353,578 Level III - 3.74 3 12 34.25 69,329 182,655 251,984 2007-2008 Rec Gen 4 197   1 182.15  1,055,934 971,406 2,027,340 2006-2007 Carryovr 5 2007-2008 Tot Rec 6

TUITION-IN STUDENTS Students who were tuitioned in: Open enrolled students Tuition Dollars received: $12,802

Medicaid Payments Program that allows us to collect medicaid payments on students with an IEP, has a medicaid number, and receives medical/behavior treatment at school. Needs included: paraprofessionals, transportation, nursing services—we only collected on nursing services for the 07-08 year Collected $1,951 from this program for the 07-08 school year.

CONTRACTED EXPENDITURES 31 students were served out of our district 3 foster students 9 students requiring programs not available in our district $326,181 Paid to other districts for special education services.

2007-2008 SPECIAL EDUCATION REVIEW WEIGHTINGS 1.72 2.21 3.74 TOTAL 07-08 RECEIPTS $1,421,778 $353,578 $251,984 $2,027,340 07-08 EXPENSES $1,591,080 $384,493 $416,327 $2,391,900 DIFFERENCE $ (169,302) $(30,915) $(164,343) $( 364,560) 2007-2008 BALANCE ($364,560)

ACTIVITY FUND Often referred to as student activity fund. This fund is created to deposit and expend money related to district sponsored and supervised co-curricular activities for students. No taxes are levied for this fund. All money is student driven. Examples: Athletics, drama, science, elementary fund, FFA, music boosters,

ACTIVITY FUND BEGINNING BALANCE: $160,543 Revenue: $271,939 Expenditure: $251,448 ENDING BALANCE: $181,033

DEBT SERVICE FUND A fund used to account for the accumulation of resources for, and the payment of, general long-term debt principal and interest. Revenues from the Debt Service Levy certified by the board may be used to retire only bonded indebtedness authorized by the voters.

TRUST FUNDS Funds used to account for assets held in a trustee capacity by the district. Examples of these funds are our scholarship funds. These funds can only be used for the purpose they are designated for.

REVENUE/EXPENDITURES GENERAL FUND

Cash Balance vs Cash Reserve Levy

CASH BALANCE VS UNSPENT BALANCE

FINANCIAL SOLVENCY RATIO Unreserved,Undesignated General Fund Balance Actual Revenues

SOLVENCY RATIO ACCEPTABLE SOLVENCY POSITION 0 TO 4.99% TARGET SOLVENCY POSITION 5 TO 10% SOLVENCY ALERT -3 TO 0% SOLVENCY CONCERN -3% & LOWER

BUDGET VS ACTUAL LINE BUDGET INSTRUCTION: Budget: $7,865,000 Amended: $7,938,810 Spent: $8,106,701 Difference: $167,891 SUPPORT SERVICE: Budget: $3,788,650 Amended: $3,857,650 Spent: $3,723,063

BUDGET VS ACTUAL LINE BUDGET NON INSTRUCTIONAL: Budget: $512,000 Spent: $535,238 Difference: $ 23,238 OTHER: Budget: $1,399,549 Spent: $1,589,858 Difference: $190,309

2008 YEAR IS BALANCED AND CLOSED --NOW ON TO THE YEAR 2009