1 Proposed Budget For Adoption Fiscal Year Michael E. Finn, CFO

2 Maintenance and Operations Total M&O Budget $ 188,670,456 $5,946,576 moved into M&O budget from CORL Includes new K-3 weight for Move on When Reading Weighted ADM 46,343,084 Decrease of from 2012 proposed budget

3 Capital Capital $ 7,120,901 ADE estimates legislative reductions of $95/student for CORL and $185/student for Soft Capital Distribution- $3,354,559 in fund 610 (reduced as result of moving to M&O) $3,766,342 in fund 625 Number will change with final reduction amounts given after 100 th day Adjacent Ways $ 2,660,000 No new levy in year Building Renewal $ 110,000 Capacity equal to current cash balance Bond $ 31,472,747 Includes remaining available authorized amounts from 2002 and 2005 bonds

4 Prop Funds Classroom Site Fund Fund 011 – Projected New Funds$ 2,103,976 Available Carryover Funds$ 0 Fund 012 – Projected New Funds$ 4,207,952 Available Carryover Funds$ 0 Fund 013 – Projected New Funds$ 4,207,952 Available Carryover Funds$ 669 Instructional Improvement Fund 021 – Used for Teacher Compensation$ 850,000 Fund 022 – Used for Instructional Improvement Programs$ 1,050,000

5 Other Funds Structured English Immersion $ 319,737 Current Cash Funds (Tax Credit / Auxiliary / Etc.) $ 11,700,000 Food Service $ 13,100,000 Mandatory price increase due to federal legislation Debt Service $ 47,457,687 Intergovernmental Agreements $ 850,000 Includes dual enrollment, city pool agreements, and monies for First Things First and Tohono O’odham

6 Questions