Victor Valley Union High School District Unaudited Actuals Report

A Review of June 2014– The board approved an Adopted Budget for December 2014 – District approved the First Interim Report with a Positive Certification. March 2015 – District approved the Second Interim Report with a Positive Certification. June 2015 – District approved the Budget and the LCAP

Combined General Fund Revenues $100 Million

Combined General Fund Expenditures $95 Million Salaries & Benefits = 77% of total expenditures

Unaudited Actuals UnrestrictedRestrictedCombined Revenues82,012,70118,065,756100,078,457 Expenditures65,458,18330,029,982 95,488,165 Surplus (Deficiency)16,554,518(11,964,226) 4,590,292 Transfers In/(Out)(1,500,000)- Other Sources--- Contributions(9,978,179)9,978,179- Increase/(Decrease)5,076,340(1,988,047) 3,090,292 Beginning Fund Balance8,732,5838,239,07716,971,660 Ending Fund Balance13,808,9226,253,02920,061,952

Ending Fund Balance Components UnrestrictedRestricted Revolving Cash 75,000 Stores (Inventory) 122,761 Prepaid Expenditures 51,154 Restricted6,253,030 Assigned Reserves0 Reserve for Economic Uncertainties (3% Required) 4,965,014 Unrestricted-- 3% Required Reserves equals 6.88% of Total General Fund Expenditures Total Cash equals $13,222,817 or 76.2% of the total General Ending Fund Balance

Restricted Reserves Amounts Economic Impact Aid0 Medical Billing Option 158,528 Community Facilities District – Facilities Revenues5,707,058 Lottery – Textbooks 387,443 Prop 39 – Clean Energy0 Common Core0 Total Restricted Reserves6,253,029

Contributions Special Education$8,267,664 Routine Restricted Maintenance (RRMA) $1,710,515 All Other Restricted Resources$ 35,092 Total Contributions $10,013,271 RRMA is required to return to 3% of total General Fund expenditures in – another $1.1M every year.

Other Funds Fund 11 Adult Education Fund 13 Cafeteria Fund 14 Deferred Maintenance Revenues2734,398,754 4,443 Expenditures-4,781,8041,827,022 Increase/(Decrease)273 (383,050)(1,822,579) Transfers In/(Out)--1,500,000 Beginning Fund Balance69,3312,638,2301,050,281 Ending Fund Balance69,6042,255, ,703

Other Funds Fund 21 Building Fund 25 Capital Facilities Fund 35 School Facilities Fund 40 Special Reserve for Capital Outlay Revenues 35,816609,761 4,506246,877 Expenditures4,578,696122,822 80,440 45,520 Increase/(Decrease)(4,542,880)486,940 (75,934) 201,357 Transfers In/(Out)1,240,542- (186,026)- Beginning Fund Balance 4,822,2671,246,1821,242, ,366 Ending Fund Balance1,519,9291,733, , ,723

Other Funds Fund 49 Capitals Projects Blended Component Fund 51 Bond Interest and Redemption Fund 56 Debt Service Revenues-8,088,312 3,196 Expenditures-7,691,5501,093,500 Increase/(Decrease)- 396,762(1,090,304) Transfers In/(Out)(1,054,516)-- Beginning Fund Balance1,139,7998,574,9211,409,482 Ending Fund Balance 85,2828,971, ,178

What’s Next November 2015 – VTD will audit the District’s financial reports and the 2014/15 Unaudited Actuals. December 2015 – First Interim report for the current year will go to the board for approval. Will include carryover revenues and updated beginning balances. January 2016 – Governor releases his projections for the fiscal year. March 2016 – Second Interim Report for the current year will go to the board for approval. May 2016 – Governor releases updated proposal for budget. June 2016 – Present Estimated Actuals and Adopted Budget to board for approval.