1 Budget Revision No. 1 Fiscal Year Kenneth Hicks, CFO

Each year, in accordance with A.R.S , ADE provides an analysis if a district is required to revise their budget. Anytime a budget is revised, a public hearing is required. 2 Why

Adopted Budget $ 191,082,270 Increase $ 1,091,108 Revised Budget $ 192,173,378  Revisions due to: Prior Year ADM Adjustment Prior Year Group B Adjustment Carry Forward Adjustment to Actual 3 Maintenance and Operations

Adopted Budget $ 8,090,969 Decrease $ 1,033,312 Revised Budget $ 7,057,657  Revisions due to: Prior Year ADM Adjustment Legislative Adjustment Carry Forward Adjustment to Actual Formerly Unrestricted Capital Outlay 4 District Additional Assistance

Adopted Budget $ 12,450,970 Increase $ 1,904,667 Revised Budget $ 14,355,637  Revisions due to: Prior Year ADM Adjustment Carry Forward Adjustment to Actual 5 Classroom Site Fund

In addition, many funds have been adjusted to align to current expected spending; such as: Food Service, Grants, Student Success, Civic Center, Auxiliary Operations, Gifts and Donations 6 Other Fund Changes

Components: Legislative Corrections ADM Adjustments Budget Balance Carry Forward Adjustments Overall Budget Changes: M & O$ 1,091,108 District Add’l Assistance$ (1,033,312) Classroom Site Fund$ 1,904,667 Soft Capital Fund Eliminated 7 Summary

QUESTIONS? 8