1. SUCCESSFULLY PREPARING ALL STUDENTS FOR THEIR FUTURES 12033 SE 256 TH STREET, KENT, WA 98030 | WWW.KENT.K12.WA.US 2014-2015 BUDGET Public Hearing and Budget Adoption Ralph Fortunato, CSBS Director of Fiscal Services August 27, 2014

2. SUCCESSFULLY PREPARING ALL STUDENTS FOR THEIR FUTURES 12033 SE 256 TH STREET, KENT, WA 98030 | WWW.KENT.K12.WA.US SCHOOL DISTRICT BUDGET SLIDE 2 There are 5 distinct funds in the budget…  General Fund-provides for the daily operations of the school district  Capital Project Fund-receives bond sale/state match revenue for school construction and technology levy revenue for technology program  Debt Service Fund-receives tax collections sufficient to pay back or “service”the principal and interest from bonds approved by the board and/or the voters  Transportation Vehicle Fund-receives state depreciation revenue for purchase of busses; all driver pay, fuel, repairs, etc. is paid from the General Fund  ASB Fund-accounts for all revenue and expenditures made by the schools’ Associated Student Body activities

3. SUCCESSFULLY PREPARING ALL STUDENTS FOR THEIR FUTURES 12033 SE 256 TH STREET, KENT, WA 98030 | WWW.KENT.K12.WA.US BUDGET ADOPTION PROCESS SLIDE 3 By law, all school districts in Washington must formally adopt a budget by August 31 st of each year All school systems must use the same format (F-195); The formal approval of the budget is by Board Resolution The Board, upon passage of the resolution, is approving the amount of authorized expenditures for each fund School districts may not expend greater than the original authorized expenditure amount without a budget extension, approved by Board resolution.

4. SUCCESSFULLY PREPARING ALL STUDENTS FOR THEIR FUTURES 12033 SE 256 TH STREET, KENT, WA 98030 | WWW.KENT.K12.WA.US KENT SCHOOL DISTRICT BUDGET SUMMARY 2014-2015 SLIDE 4

5. SUCCESSFULLY PREPARING ALL STUDENTS FOR THEIR FUTURES 12033 SE 256 TH STREET, KENT, WA 98030 | WWW.KENT.K12.WA.US SLIDE 5 Kent School District Budget Summary 2014-2015

6. SUCCESSFULLY PREPARING ALL STUDENTS FOR THEIR FUTURES 12033 SE 256 TH STREET, KENT, WA 98030 | WWW.KENT.K12.WA.US SLIDE 6 General Fund

7. SUCCESSFULLY PREPARING ALL STUDENTS FOR THEIR FUTURES 12033 SE 256 TH STREET, KENT, WA 98030 | WWW.KENT.K12.WA.US GENERAL FUND 2013-14 ESTIMATE SLIDE 7

8. SUCCESSFULLY PREPARING ALL STUDENTS FOR THEIR FUTURES 12033 SE 256 TH STREET, KENT, WA 98030 | WWW.KENT.K12.WA.US GENERAL FUND 2014-15 SLIDE 8

9. SUCCESSFULLY PREPARING ALL STUDENTS FOR THEIR FUTURES 12033 SE 256 TH STREET, KENT, WA 98030 | WWW.KENT.K12.WA.US GENERAL FUND 2014-15 SLIDE 9

10. SUCCESSFULLY PREPARING ALL STUDENTS FOR THEIR FUTURES 12033 SE 256 TH STREET, KENT, WA 98030 | WWW.KENT.K12.WA.US GENERAL FUND 2014-15 ENROLLMENT SLIDE 10

11. SUCCESSFULLY PREPARING ALL STUDENTS FOR THEIR FUTURES 12033 SE 256 TH STREET, KENT, WA 98030 | WWW.KENT.K12.WA.US GENERAL FUND 2014-15 STAFFING SLIDE 11

12. SUCCESSFULLY PREPARING ALL STUDENTS FOR THEIR FUTURES 12033 SE 256 TH STREET, KENT, WA 98030 | WWW.KENT.K12.WA.US GENERAL FUND 2014-15 REVENUES SLIDE 12

13. SUCCESSFULLY PREPARING ALL STUDENTS FOR THEIR FUTURES 12033 SE 256 TH STREET, KENT, WA 98030 | WWW.KENT.K12.WA.US GENERAL FUND 2014-15 REVENUES SLIDE 13

14. SUCCESSFULLY PREPARING ALL STUDENTS FOR THEIR FUTURES 12033 SE 256 TH STREET, KENT, WA 98030 | WWW.KENT.K12.WA.US GENERAL FUND 2014-15 EXPENDITURES SLIDE 14

15. SUCCESSFULLY PREPARING ALL STUDENTS FOR THEIR FUTURES 12033 SE 256 TH STREET, KENT, WA 98030 | WWW.KENT.K12.WA.US SLIDE 15 GENERAL FUND 2014-15 EXPENDITURES: BY ACTIVITY

16. SUCCESSFULLY PREPARING ALL STUDENTS FOR THEIR FUTURES 12033 SE 256 TH STREET, KENT, WA 98030 | WWW.KENT.K12.WA.US GENERAL FUND 2014-15 EXPENDITURES: BY OBJECT SLIDE 16

17. SUCCESSFULLY PREPARING ALL STUDENTS FOR THEIR FUTURES 12033 SE 256 TH STREET, KENT, WA 98030 | WWW.KENT.K12.WA.US GENERAL FUND ENDING FUND BALANCES 2012-13 TO 2014-15 SLIDE 17

18. SUCCESSFULLY PREPARING ALL STUDENTS FOR THEIR FUTURES 12033 SE 256 TH STREET, KENT, WA 98030 | WWW.KENT.K12.WA.US GENERAL FUND PROJECTIONS 2015-16 TO 2017-18 SLIDE 18

19. SUCCESSFULLY PREPARING ALL STUDENTS FOR THEIR FUTURES 12033 SE 256 TH STREET, KENT, WA 98030 | WWW.KENT.K12.WA.US OTHER FUNDS 2014-15 SLIDE 19

20. SUCCESSFULLY PREPARING ALL STUDENTS FOR THEIR FUTURES 12033 SE 256 TH STREET, KENT, WA 98030 | WWW.KENT.K12.WA.US CAPITAL PROJECTS FUND 2014-15 SLIDE 20

21. SUCCESSFULLY PREPARING ALL STUDENTS FOR THEIR FUTURES 12033 SE 256 TH STREET, KENT, WA 98030 | WWW.KENT.K12.WA.US CAPITAL PROJECT FUND 2014-15 SLIDE 21

22. SUCCESSFULLY PREPARING ALL STUDENTS FOR THEIR FUTURES 12033 SE 256 TH STREET, KENT, WA 98030 | WWW.KENT.K12.WA.US CAPITAL PROJECT FUND 2014-15 SLIDE 22

23. SUCCESSFULLY PREPARING ALL STUDENTS FOR THEIR FUTURES 12033 SE 256 TH STREET, KENT, WA 98030 | WWW.KENT.K12.WA.US CAPITAL PROJECT FUND 2014-15 SLIDE 23

24. SUCCESSFULLY PREPARING ALL STUDENTS FOR THEIR FUTURES 12033 SE 256 TH STREET, KENT, WA 98030 | WWW.KENT.K12.WA.US DEBT SERVICE FUND 2014-15 SLIDE 24

25. SUCCESSFULLY PREPARING ALL STUDENTS FOR THEIR FUTURES 12033 SE 256 TH STREET, KENT, WA 98030 | WWW.KENT.K12.WA.US ASB FUND 2014-15 SLIDE 25

26. SUCCESSFULLY PREPARING ALL STUDENTS FOR THEIR FUTURES 12033 SE 256 TH STREET, KENT, WA 98030 | WWW.KENT.K12.WA.US TRANSPORTATION VEHICLE FUND 2014-15 SLIDE 26

27. SUCCESSFULLY PREPARING ALL STUDENTS FOR THEIR FUTURES 12033 SE 256 TH STREET, KENT, WA 98030 | WWW.KENT.K12.WA.US 2014-15 LEVY AMOUNTS SLIDE 27

28. SUCCESSFULLY PREPARING ALL STUDENTS FOR THEIR FUTURES 12033 SE 256 TH STREET, KENT, WA 98030 | WWW.KENT.K12.WA.US KENT SCHOOL DISTRICT BUDGET SUMMARY 2014-2015 SLIDE 28

29. SUCCESSFULLY PREPARING ALL STUDENTS FOR THEIR FUTURES 12033 SE 256 TH STREET, KENT, WA 98030 | WWW.KENT.K12.WA.US NEXT STEPS:  Formal Adoption of budget August 27, 2014  Monitor start of school for enrollment and staffing  Close 2013-14 fiscal year and produce Annual Financial Report (F-196) by October 25, 2014  Monitor 2015 legislative sessions (state funding) and federal reauthorizations for possible budget revisions  Determine priorities for 2015-2016 budget SLIDE 29

30. SUCCESSFULLY PREPARING ALL STUDENTS FOR THEIR FUTURES 12033 SE 256 TH STREET, KENT, WA 98030 | WWW.KENT.K12.WA.US Questions/Comments SLIDE 30