4. G RANT R EVENUES

5. Total Grants $79.8 million An improvement of $2,684,200 or 3.5% from Spring Estimates. Excluding Grants with direct offset expenses the net increase is $1.1 million of 1.4%

6. L OCAL R EVENUES

7. E XPENDITURES – S TAFFING Total Wages & Benefits - $63,001,000 with staff compliment of 690 FTE

8. E XPENDITURES – S ERVICES, C ONTRACTS AND S UPPLIES

9. O PERATING S UMMARY With the additional 100 students, an additional six certificated teachers and some budget adjustments - the result is an anticipated operating surplus of $748,200

10. Operating Budget – Surplus of $748,200

12. C APITAL B UDGET

13. R ESERVE B UDGET

14. R ESERVE S UMMARY

15. F ALL U PDATE – R ESERVE B ENCHMARKS

16. Reserve Budget – Footnotes (Reserve Management Plan)

17. F ALL U PDATE – R ESERVE B ENCHMARKS