1. Annual Budget Fiscal Year 2016 (Public Hearing 2 of 2) Jason W. Taylor Chief Financial Officer September 3, 2015

2. ` ACTUALBUDGET $ VAR % BUDGET -------------- REVENUES STATE REVENUES $ 108,078,774 $ 107,908,979 $ 169,7950.1% FEDERAL REVENUES 845,251 1,422,767 (577,516)-0.3% LOCAL REVENUES 96,243,298 92,987,042 3,256,2561.6% OTHER REVENUES 371,957 10,000 361,9570.2% TOTAL REVENUES 205,539,280 202,328,788 3,210,4921.6% EXPENDITURES: INSTRUCTIONAL SERVICES 121,540,151 119,636,495 (1,903,656)-1.0% INSTRUCTIONAL SUPPORT SERVICES 30,241,415 35,237,781 4,996,3662.5% OPERATIONS & MAINTENANCE 24,359,609 23,324,132 (1,035,476)-0.5% AUXILIARY SERVICES 5,899,051 6,370,789 471,7380.2% GENERAL ADMINISTRATIVE SERVICES 11,214,224 7,418,853 (3,795,371)-1.9% DEBT SERVICES 1,227,753 -0.0% OTHER EXPENDITURES 1,957,572 5,236,836 3,279,2641.7% TOTAL EXPENDITURES 196,439,775 198,452,640 2,012,8651.0% OTHER FUND SOURCES (USES): TRANSFERS IN 323,193 - 34.1% OTHER FUND SOURCES 1,908,749 2,149,033 (240,284)-25.3% TRANSFERS OUT 1,500,132 3,098,053 1,597,922168.4% TOTAL OTHER FUND SOURCES (USES) 731,810 (949,020) 1,680,831177.1% EXCESS REVENUES & OTHER SOURCES OVER(UNDER)EXPENDITURES & OTHER FUND USES 9,831,316 2,927,128 6,904,188235.9% BEGINNING FUND BALANCE 844,421 - ENDING FUND BALANCE $ 10,675,737 $ 3,771,549 $ 6,904,188183.1% RESERVED FUND BALANCE (ENDING) 1,625,597.38 - 1,625,59743.1% UNRESERVED FUND BALANCE (ENDING) 9,050,139.77 3,771,549.09 5,278,591140.0% 10,675,737.15 3,771,549.09 6,904,188183.1% REQUIRED FUND BALANCE (ALSDE) 16,369,981.23 % COVERAGE OF REQUIRED FUND BALANCE55.3%23.0% 32.2% Fiscal Year 2016 Budget (Proposed) 2

3. ` ACTUALBUDGET $ VAR % BUDGET -------------- REVENUES STATE REVENUES $ 108,078,774 $ 107,908,979 $ 169,7950.1% FEDERAL REVENUES 845,251 1,422,767 (577,516)-0.3% LOCAL REVENUES 96,243,298 92,987,042 3,256,2561.6% OTHER REVENUES 371,957 10,000 361,9570.2% TOTAL REVENUES 205,539,280 202,328,788 3,210,4921.6% EXPENDITURES: INSTRUCTIONAL SERVICES 121,540,151 119,636,495 (1,903,656)-1.0% INSTRUCTIONAL SUPPORT SERVICES 30,241,415 35,237,781 4,996,3662.5% OPERATIONS & MAINTENANCE 24,359,609 23,324,132 (1,035,476)-0.5% AUXILIARY SERVICES 5,899,051 6,370,789 471,7380.2% GENERAL ADMINISTRATIVE SERVICES 11,214,224 7,418,853 (3,795,371)-1.9% DEBT SERVICES 1,227,753 -0.0% OTHER EXPENDITURES 1,957,572 5,236,836 3,279,2641.7% TOTAL EXPENDITURES 196,439,775 198,452,640 2,012,8651.0% OTHER FUND SOURCES (USES): TRANSFERS IN 323,193 - 34.1% OTHER FUND SOURCES 1,908,749 2,149,033 (240,284)-25.3% TRANSFERS OUT 1,500,132 3,098,053 1,597,922168.4% TOTAL OTHER FUND SOURCES (USES) 731,810 (949,020) 1,680,831177.1% EXCESS REVENUES & OTHER SOURCES OVER(UNDER)EXPENDITURES & OTHER FUND USES 9,831,316 2,927,128 6,904,188235.9% BEGINNING FUND BALANCE 844,421 - ENDING FUND BALANCE $ 10,675,737 $ 3,771,549 $ 6,904,188183.1% RESERVED FUND BALANCE (ENDING) 1,625,597.38 - 1,625,59743.1% UNRESERVED FUND BALANCE (ENDING) 9,050,139.77 3,771,549.09 5,278,591140.0% 10,675,737.15 3,771,549.09 6,904,188183.1% REQUIRED FUND BALANCE (ALSDE) 16,369,981.23 % COVERAGE OF REQUIRED FUND BALANCE55.3%23.0% 32.2% Fiscal Year 2016 Budget (Proposed) 3

4. ` ACTUALBUDGET $ VAR % BUDGET -------------- REVENUES STATE REVENUES $ 108,078,774 $ 107,908,979 $ 169,7950.1% FEDERAL REVENUES 845,251 1,422,767 (577,516)-0.3% LOCAL REVENUES 96,243,298 92,987,042 3,256,2561.6% OTHER REVENUES 371,957 10,000 361,9570.2% TOTAL REVENUES 205,539,280 202,328,788 3,210,4921.6% EXPENDITURES: INSTRUCTIONAL SERVICES 121,540,151 119,636,495 (1,903,656)-1.0% INSTRUCTIONAL SUPPORT SERVICES 30,241,415 35,237,781 4,996,3662.5% OPERATIONS & MAINTENANCE 24,359,609 23,324,132 (1,035,476)-0.5% AUXILIARY SERVICES 5,899,051 6,370,789 471,7380.2% GENERAL ADMINISTRATIVE SERVICES 11,214,224 7,418,853 (3,795,371)-1.9% DEBT SERVICES 1,227,753 -0.0% OTHER EXPENDITURES 1,957,572 5,236,836 3,279,2641.7% TOTAL EXPENDITURES 196,439,775 198,452,640 2,012,8651.0% OTHER FUND SOURCES (USES): TRANSFERS IN 323,193 - 34.1% OTHER FUND SOURCES 1,908,749 2,149,033 (240,284)-25.3% TRANSFERS OUT 1,500,132 3,098,053 1,597,922168.4% TOTAL OTHER FUND SOURCES (USES) 731,810 (949,020) 1,680,831177.1% EXCESS REVENUES & OTHER SOURCES OVER(UNDER)EXPENDITURES & OTHER FUND USES 9,831,316 2,927,128 6,904,188235.9% BEGINNING FUND BALANCE 844,421 - ENDING FUND BALANCE $ 10,675,737 $ 3,771,549 $ 6,904,188183.1% RESERVED FUND BALANCE (ENDING) 1,625,597.38 - 1,625,59743.1% UNRESERVED FUND BALANCE (ENDING) 9,050,139.77 3,771,549.09 5,278,591140.0% 10,675,737.15 3,771,549.09 6,904,188183.1% REQUIRED FUND BALANCE (ALSDE) 16,369,981.23 % COVERAGE OF REQUIRED FUND BALANCE55.3%23.0% 32.2% Summary of Operations: General & Debt Service Funds 4

5. ` ACTUALBUDGET $ VAR % BUDGET -------------- REVENUES STATE REVENUES $ 108,078,774 $ 107,908,979 $ 169,7950.1% FEDERAL REVENUES 845,251 1,422,767 (577,516)-0.3% LOCAL REVENUES 96,243,298 92,987,042 3,256,2561.6% OTHER REVENUES 371,957 10,000 361,9570.2% TOTAL REVENUES 205,539,280 202,328,788 3,210,4921.6% EXPENDITURES: INSTRUCTIONAL SERVICES 121,540,151 119,636,495 (1,903,656)-1.0% INSTRUCTIONAL SUPPORT SERVICES 30,241,415 35,237,781 4,996,3662.5% OPERATIONS & MAINTENANCE 24,359,609 23,324,132 (1,035,476)-0.5% AUXILIARY SERVICES 5,899,051 6,370,789 471,7380.2% GENERAL ADMINISTRATIVE SERVICES 11,214,224 7,418,853 (3,795,371)-1.9% DEBT SERVICES 1,227,753 -0.0% OTHER EXPENDITURES 1,957,572 5,236,836 3,279,2641.7% TOTAL EXPENDITURES 196,439,775 198,452,640 2,012,8651.0% OTHER FUND SOURCES (USES): TRANSFERS IN 323,193 - 34.1% OTHER FUND SOURCES 1,908,749 2,149,033 (240,284)-25.3% TRANSFERS OUT 1,500,132 3,098,053 1,597,922168.4% TOTAL OTHER FUND SOURCES (USES) 731,810 (949,020) 1,680,831177.1% EXCESS REVENUES & OTHER SOURCES OVER(UNDER)EXPENDITURES & OTHER FUND USES 9,831,316 2,927,128 6,904,188235.9% BEGINNING FUND BALANCE 844,421 - ENDING FUND BALANCE $ 10,675,737 $ 3,771,549 $ 6,904,188183.1% RESERVED FUND BALANCE (ENDING) 1,625,597.38 - 1,625,59743.1% UNRESERVED FUND BALANCE (ENDING) 9,050,139.77 3,771,549.09 5,278,591140.0% 10,675,737.15 3,771,549.09 6,904,188183.1% REQUIRED FUND BALANCE (ALSDE) 16,369,981.23 % COVERAGE OF REQUIRED FUND BALANCE55.3%23.0% 32.2% Summary of Operations: General & Debt Service Funds 5

6. ` ACTUALBUDGET $ VAR % BUDGET -------------- REVENUES STATE REVENUES $ 108,078,774 $ 107,908,979 $ 169,7950.1% FEDERAL REVENUES 845,251 1,422,767 (577,516)-0.3% LOCAL REVENUES 96,243,298 92,987,042 3,256,2561.6% OTHER REVENUES 371,957 10,000 361,9570.2% TOTAL REVENUES 205,539,280 202,328,788 3,210,4921.6% EXPENDITURES: INSTRUCTIONAL SERVICES 121,540,151 119,636,495 (1,903,656)-1.0% INSTRUCTIONAL SUPPORT SERVICES 30,241,415 35,237,781 4,996,3662.5% OPERATIONS & MAINTENANCE 24,359,609 23,324,132 (1,035,476)-0.5% AUXILIARY SERVICES 5,899,051 6,370,789 471,7380.2% GENERAL ADMINISTRATIVE SERVICES 11,214,224 7,418,853 (3,795,371)-1.9% DEBT SERVICES 1,227,753 -0.0% OTHER EXPENDITURES 1,957,572 5,236,836 3,279,2641.7% TOTAL EXPENDITURES 196,439,775 198,452,640 2,012,8651.0% OTHER FUND SOURCES (USES): TRANSFERS IN 323,193 - 34.1% OTHER FUND SOURCES 1,908,749 2,149,033 (240,284)-25.3% TRANSFERS OUT 1,500,132 3,098,053 1,597,922168.4% TOTAL OTHER FUND SOURCES (USES) 731,810 (949,020) 1,680,831177.1% EXCESS REVENUES & OTHER SOURCES OVER(UNDER)EXPENDITURES & OTHER FUND USES 9,831,316 2,927,128 6,904,188235.9% BEGINNING FUND BALANCE 844,421 - ENDING FUND BALANCE $ 10,675,737 $ 3,771,549 $ 6,904,188183.1% RESERVED FUND BALANCE (ENDING) 1,625,597.38 - 1,625,59743.1% UNRESERVED FUND BALANCE (ENDING) 9,050,139.77 3,771,549.09 5,278,591140.0% 10,675,737.15 3,771,549.09 6,904,188183.1% REQUIRED FUND BALANCE (ALSDE) 16,369,981.23 % COVERAGE OF REQUIRED FUND BALANCE55.3%23.0% 32.2% Summary of Operations: General & Debt Service Funds 6

7. ` ACTUALBUDGET $ VAR % BUDGET -------------- REVENUES STATE REVENUES $ 108,078,774 $ 107,908,979 $ 169,7950.1% FEDERAL REVENUES 845,251 1,422,767 (577,516)-0.3% LOCAL REVENUES 96,243,298 92,987,042 3,256,2561.6% OTHER REVENUES 371,957 10,000 361,9570.2% TOTAL REVENUES 205,539,280 202,328,788 3,210,4921.6% EXPENDITURES: INSTRUCTIONAL SERVICES 121,540,151 119,636,495 (1,903,656)-1.0% INSTRUCTIONAL SUPPORT SERVICES 30,241,415 35,237,781 4,996,3662.5% OPERATIONS & MAINTENANCE 24,359,609 23,324,132 (1,035,476)-0.5% AUXILIARY SERVICES 5,899,051 6,370,789 471,7380.2% GENERAL ADMINISTRATIVE SERVICES 11,214,224 7,418,853 (3,795,371)-1.9% DEBT SERVICES 1,227,753 -0.0% OTHER EXPENDITURES 1,957,572 5,236,836 3,279,2641.7% TOTAL EXPENDITURES 196,439,775 198,452,640 2,012,8651.0% OTHER FUND SOURCES (USES): TRANSFERS IN 323,193 - 34.1% OTHER FUND SOURCES 1,908,749 2,149,033 (240,284)-25.3% TRANSFERS OUT 1,500,132 3,098,053 1,597,922168.4% TOTAL OTHER FUND SOURCES (USES) 731,810 (949,020) 1,680,831177.1% EXCESS REVENUES & OTHER SOURCES OVER(UNDER)EXPENDITURES & OTHER FUND USES 9,831,316 2,927,128 6,904,188235.9% BEGINNING FUND BALANCE 844,421 - ENDING FUND BALANCE $ 10,675,737 $ 3,771,549 $ 6,904,188183.1% RESERVED FUND BALANCE (ENDING) 1,625,597.38 - 1,625,59743.1% UNRESERVED FUND BALANCE (ENDING) 9,050,139.77 3,771,549.09 5,278,591140.0% 10,675,737.15 3,771,549.09 6,904,188183.1% REQUIRED FUND BALANCE (ALSDE) 16,369,981.23 % COVERAGE OF REQUIRED FUND BALANCE55.3%23.0% 32.2% Summary of Operations: General & Debt Service Funds 7 [1] Increase in Ad Valorem taxes based on current year collections at: $250,000 (2% increase) [2] Increase in Instructional/Support expenditures includes; Franklin Covey The Leader in Me Program at: $500,000 Stipends & Salaries for District Employees at:$790,000 [1] [2]

8. ` ACTUALBUDGET $ VAR % BUDGET -------------- REVENUES STATE REVENUES $ 108,078,774 $ 107,908,979 $ 169,7950.1% FEDERAL REVENUES 845,251 1,422,767 (577,516)-0.3% LOCAL REVENUES 96,243,298 92,987,042 3,256,2561.6% OTHER REVENUES 371,957 10,000 361,9570.2% TOTAL REVENUES 205,539,280 202,328,788 3,210,4921.6% EXPENDITURES: INSTRUCTIONAL SERVICES 121,540,151 119,636,495 (1,903,656)-1.0% INSTRUCTIONAL SUPPORT SERVICES 30,241,415 35,237,781 4,996,3662.5% OPERATIONS & MAINTENANCE 24,359,609 23,324,132 (1,035,476)-0.5% AUXILIARY SERVICES 5,899,051 6,370,789 471,7380.2% GENERAL ADMINISTRATIVE SERVICES 11,214,224 7,418,853 (3,795,371)-1.9% DEBT SERVICES 1,227,753 -0.0% OTHER EXPENDITURES 1,957,572 5,236,836 3,279,2641.7% TOTAL EXPENDITURES 196,439,775 198,452,640 2,012,8651.0% OTHER FUND SOURCES (USES): TRANSFERS IN 323,193 - 34.1% OTHER FUND SOURCES 1,908,749 2,149,033 (240,284)-25.3% TRANSFERS OUT 1,500,132 3,098,053 1,597,922168.4% TOTAL OTHER FUND SOURCES (USES) 731,810 (949,020) 1,680,831177.1% EXCESS REVENUES & OTHER SOURCES OVER(UNDER)EXPENDITURES & OTHER FUND USES 9,831,316 2,927,128 6,904,188235.9% BEGINNING FUND BALANCE 844,421 - ENDING FUND BALANCE $ 10,675,737 $ 3,771,549 $ 6,904,188183.1% RESERVED FUND BALANCE (ENDING) 1,625,597.38 - 1,625,59743.1% UNRESERVED FUND BALANCE (ENDING) 9,050,139.77 3,771,549.09 5,278,591140.0% 10,675,737.15 3,771,549.09 6,904,188183.1% REQUIRED FUND BALANCE (ALSDE) 16,369,981.23 % COVERAGE OF REQUIRED FUND BALANCE55.3%23.0% 32.2% Revenue Analysis: General & Debt Service Funds 8

9. ` ACTUALBUDGET $ VAR % BUDGET -------------- REVENUES STATE REVENUES $ 108,078,774 $ 107,908,979 $ 169,7950.1% FEDERAL REVENUES 845,251 1,422,767 (577,516)-0.3% LOCAL REVENUES 96,243,298 92,987,042 3,256,2561.6% OTHER REVENUES 371,957 10,000 361,9570.2% TOTAL REVENUES 205,539,280 202,328,788 3,210,4921.6% EXPENDITURES: INSTRUCTIONAL SERVICES 121,540,151 119,636,495 (1,903,656)-1.0% INSTRUCTIONAL SUPPORT SERVICES 30,241,415 35,237,781 4,996,3662.5% OPERATIONS & MAINTENANCE 24,359,609 23,324,132 (1,035,476)-0.5% AUXILIARY SERVICES 5,899,051 6,370,789 471,7380.2% GENERAL ADMINISTRATIVE SERVICES 11,214,224 7,418,853 (3,795,371)-1.9% DEBT SERVICES 1,227,753 -0.0% OTHER EXPENDITURES 1,957,572 5,236,836 3,279,2641.7% TOTAL EXPENDITURES 196,439,775 198,452,640 2,012,8651.0% OTHER FUND SOURCES (USES): TRANSFERS IN 323,193 - 34.1% OTHER FUND SOURCES 1,908,749 2,149,033 (240,284)-25.3% TRANSFERS OUT 1,500,132 3,098,053 1,597,922168.4% TOTAL OTHER FUND SOURCES (USES) 731,810 (949,020) 1,680,831177.1% EXCESS REVENUES & OTHER SOURCES OVER(UNDER)EXPENDITURES & OTHER FUND USES 9,831,316 2,927,128 6,904,188235.9% BEGINNING FUND BALANCE 844,421 - ENDING FUND BALANCE $ 10,675,737 $ 3,771,549 $ 6,904,188183.1% RESERVED FUND BALANCE (ENDING) 1,625,597.38 - 1,625,59743.1% UNRESERVED FUND BALANCE (ENDING) 9,050,139.77 3,771,549.09 5,278,591140.0% 10,675,737.15 3,771,549.09 6,904,188183.1% REQUIRED FUND BALANCE (ALSDE) 16,369,981.23 % COVERAGE OF REQUIRED FUND BALANCE55.3%23.0% 32.2% Revenue Analysis: General & Debt Service Funds 9

10. ` ACTUALBUDGET $ VAR % BUDGET -------------- REVENUES STATE REVENUES $ 108,078,774 $ 107,908,979 $ 169,7950.1% FEDERAL REVENUES 845,251 1,422,767 (577,516)-0.3% LOCAL REVENUES 96,243,298 92,987,042 3,256,2561.6% OTHER REVENUES 371,957 10,000 361,9570.2% TOTAL REVENUES 205,539,280 202,328,788 3,210,4921.6% EXPENDITURES: INSTRUCTIONAL SERVICES 121,540,151 119,636,495 (1,903,656)-1.0% INSTRUCTIONAL SUPPORT SERVICES 30,241,415 35,237,781 4,996,3662.5% OPERATIONS & MAINTENANCE 24,359,609 23,324,132 (1,035,476)-0.5% AUXILIARY SERVICES 5,899,051 6,370,789 471,7380.2% GENERAL ADMINISTRATIVE SERVICES 11,214,224 7,418,853 (3,795,371)-1.9% DEBT SERVICES 1,227,753 -0.0% OTHER EXPENDITURES 1,957,572 5,236,836 3,279,2641.7% TOTAL EXPENDITURES 196,439,775 198,452,640 2,012,8651.0% OTHER FUND SOURCES (USES): TRANSFERS IN 323,193 - 34.1% OTHER FUND SOURCES 1,908,749 2,149,033 (240,284)-25.3% TRANSFERS OUT 1,500,132 3,098,053 1,597,922168.4% TOTAL OTHER FUND SOURCES (USES) 731,810 (949,020) 1,680,831177.1% EXCESS REVENUES & OTHER SOURCES OVER(UNDER)EXPENDITURES & OTHER FUND USES 9,831,316 2,927,128 6,904,188235.9% BEGINNING FUND BALANCE 844,421 - ENDING FUND BALANCE $ 10,675,737 $ 3,771,549 $ 6,904,188183.1% RESERVED FUND BALANCE (ENDING) 1,625,597.38 - 1,625,59743.1% UNRESERVED FUND BALANCE (ENDING) 9,050,139.77 3,771,549.09 5,278,591140.0% 10,675,737.15 3,771,549.09 6,904,188183.1% REQUIRED FUND BALANCE (ALSDE) 16,369,981.23 % COVERAGE OF REQUIRED FUND BALANCE55.3%23.0% 32.2% Revenue Analysis: Trending: Education Trust Fund Allocations 10

11. ` ACTUALBUDGET $ VAR % BUDGET -------------- REVENUES STATE REVENUES $ 108,078,774 $ 107,908,979 $ 169,7950.1% FEDERAL REVENUES 845,251 1,422,767 (577,516)-0.3% LOCAL REVENUES 96,243,298 92,987,042 3,256,2561.6% OTHER REVENUES 371,957 10,000 361,9570.2% TOTAL REVENUES 205,539,280 202,328,788 3,210,4921.6% EXPENDITURES: INSTRUCTIONAL SERVICES 121,540,151 119,636,495 (1,903,656)-1.0% INSTRUCTIONAL SUPPORT SERVICES 30,241,415 35,237,781 4,996,3662.5% OPERATIONS & MAINTENANCE 24,359,609 23,324,132 (1,035,476)-0.5% AUXILIARY SERVICES 5,899,051 6,370,789 471,7380.2% GENERAL ADMINISTRATIVE SERVICES 11,214,224 7,418,853 (3,795,371)-1.9% DEBT SERVICES 1,227,753 -0.0% OTHER EXPENDITURES 1,957,572 5,236,836 3,279,2641.7% TOTAL EXPENDITURES 196,439,775 198,452,640 2,012,8651.0% OTHER FUND SOURCES (USES): TRANSFERS IN 323,193 - 34.1% OTHER FUND SOURCES 1,908,749 2,149,033 (240,284)-25.3% TRANSFERS OUT 1,500,132 3,098,053 1,597,922168.4% TOTAL OTHER FUND SOURCES (USES) 731,810 (949,020) 1,680,831177.1% EXCESS REVENUES & OTHER SOURCES OVER(UNDER)EXPENDITURES & OTHER FUND USES 9,831,316 2,927,128 6,904,188235.9% BEGINNING FUND BALANCE 844,421 - ENDING FUND BALANCE $ 10,675,737 $ 3,771,549 $ 6,904,188183.1% RESERVED FUND BALANCE (ENDING) 1,625,597.38 - 1,625,59743.1% UNRESERVED FUND BALANCE (ENDING) 9,050,139.77 3,771,549.09 5,278,591140.0% 10,675,737.15 3,771,549.09 6,904,188183.1% REQUIRED FUND BALANCE (ALSDE) 16,369,981.23 % COVERAGE OF REQUIRED FUND BALANCE55.3%23.0% 32.2% Revenue Analysis: Trending: Education Trust Fund Allocations 11 Due to calculations driving ETF appropriations, HCS has been adversely affected by incorporating operational efficiencies such as school consolidations.

12. ` ACTUALBUDGET $ VAR % BUDGET -------------- REVENUES STATE REVENUES $ 108,078,774 $ 107,908,979 $ 169,7950.1% FEDERAL REVENUES 845,251 1,422,767 (577,516)-0.3% LOCAL REVENUES 96,243,298 92,987,042 3,256,2561.6% OTHER REVENUES 371,957 10,000 361,9570.2% TOTAL REVENUES 205,539,280 202,328,788 3,210,4921.6% EXPENDITURES: INSTRUCTIONAL SERVICES 121,540,151 119,636,495 (1,903,656)-1.0% INSTRUCTIONAL SUPPORT SERVICES 30,241,415 35,237,781 4,996,3662.5% OPERATIONS & MAINTENANCE 24,359,609 23,324,132 (1,035,476)-0.5% AUXILIARY SERVICES 5,899,051 6,370,789 471,7380.2% GENERAL ADMINISTRATIVE SERVICES 11,214,224 7,418,853 (3,795,371)-1.9% DEBT SERVICES 1,227,753 -0.0% OTHER EXPENDITURES 1,957,572 5,236,836 3,279,2641.7% TOTAL EXPENDITURES 196,439,775 198,452,640 2,012,8651.0% OTHER FUND SOURCES (USES): TRANSFERS IN 323,193 - 34.1% OTHER FUND SOURCES 1,908,749 2,149,033 (240,284)-25.3% TRANSFERS OUT 1,500,132 3,098,053 1,597,922168.4% TOTAL OTHER FUND SOURCES (USES) 731,810 (949,020) 1,680,831177.1% EXCESS REVENUES & OTHER SOURCES OVER(UNDER)EXPENDITURES & OTHER FUND USES 9,831,316 2,927,128 6,904,188235.9% BEGINNING FUND BALANCE 844,421 - ENDING FUND BALANCE $ 10,675,737 $ 3,771,549 $ 6,904,188183.1% RESERVED FUND BALANCE (ENDING) 1,625,597.38 - 1,625,59743.1% UNRESERVED FUND BALANCE (ENDING) 9,050,139.77 3,771,549.09 5,278,591140.0% 10,675,737.15 3,771,549.09 6,904,188183.1% REQUIRED FUND BALANCE (ALSDE) 16,369,981.23 % COVERAGE OF REQUIRED FUND BALANCE55.3%23.0% 32.2% Special Revenue Fund (Proposed) 12

13. ` ACTUALBUDGET $ VAR % BUDGET -------------- REVENUES STATE REVENUES $ 108,078,774 $ 107,908,979 $ 169,7950.1% FEDERAL REVENUES 845,251 1,422,767 (577,516)-0.3% LOCAL REVENUES 96,243,298 92,987,042 3,256,2561.6% OTHER REVENUES 371,957 10,000 361,9570.2% TOTAL REVENUES 205,539,280 202,328,788 3,210,4921.6% EXPENDITURES: INSTRUCTIONAL SERVICES 121,540,151 119,636,495 (1,903,656)-1.0% INSTRUCTIONAL SUPPORT SERVICES 30,241,415 35,237,781 4,996,3662.5% OPERATIONS & MAINTENANCE 24,359,609 23,324,132 (1,035,476)-0.5% AUXILIARY SERVICES 5,899,051 6,370,789 471,7380.2% GENERAL ADMINISTRATIVE SERVICES 11,214,224 7,418,853 (3,795,371)-1.9% DEBT SERVICES 1,227,753 -0.0% OTHER EXPENDITURES 1,957,572 5,236,836 3,279,2641.7% TOTAL EXPENDITURES 196,439,775 198,452,640 2,012,8651.0% OTHER FUND SOURCES (USES): TRANSFERS IN 323,193 - 34.1% OTHER FUND SOURCES 1,908,749 2,149,033 (240,284)-25.3% TRANSFERS OUT 1,500,132 3,098,053 1,597,922168.4% TOTAL OTHER FUND SOURCES (USES) 731,810 (949,020) 1,680,831177.1% EXCESS REVENUES & OTHER SOURCES OVER(UNDER)EXPENDITURES & OTHER FUND USES 9,831,316 2,927,128 6,904,188235.9% BEGINNING FUND BALANCE 844,421 - ENDING FUND BALANCE $ 10,675,737 $ 3,771,549 $ 6,904,188183.1% RESERVED FUND BALANCE (ENDING) 1,625,597.38 - 1,625,59743.1% UNRESERVED FUND BALANCE (ENDING) 9,050,139.77 3,771,549.09 5,278,591140.0% 10,675,737.15 3,771,549.09 6,904,188183.1% REQUIRED FUND BALANCE (ALSDE) 16,369,981.23 % COVERAGE OF REQUIRED FUND BALANCE55.3%23.0% 32.2% Revenue Analysis: (Special Revenue Fund) 13 Federal program revenues presented net of SIG funds as current period appropriations/allocations have not been finalized to date.

14. ` ACTUALBUDGET $ VAR % BUDGET -------------- REVENUES STATE REVENUES $ 108,078,774 $ 107,908,979 $ 169,7950.1% FEDERAL REVENUES 845,251 1,422,767 (577,516)-0.3% LOCAL REVENUES 96,243,298 92,987,042 3,256,2561.6% OTHER REVENUES 371,957 10,000 361,9570.2% TOTAL REVENUES 205,539,280 202,328,788 3,210,4921.6% EXPENDITURES: INSTRUCTIONAL SERVICES 121,540,151 119,636,495 (1,903,656)-1.0% INSTRUCTIONAL SUPPORT SERVICES 30,241,415 35,237,781 4,996,3662.5% OPERATIONS & MAINTENANCE 24,359,609 23,324,132 (1,035,476)-0.5% AUXILIARY SERVICES 5,899,051 6,370,789 471,7380.2% GENERAL ADMINISTRATIVE SERVICES 11,214,224 7,418,853 (3,795,371)-1.9% DEBT SERVICES 1,227,753 -0.0% OTHER EXPENDITURES 1,957,572 5,236,836 3,279,2641.7% TOTAL EXPENDITURES 196,439,775 198,452,640 2,012,8651.0% OTHER FUND SOURCES (USES): TRANSFERS IN 323,193 - 34.1% OTHER FUND SOURCES 1,908,749 2,149,033 (240,284)-25.3% TRANSFERS OUT 1,500,132 3,098,053 1,597,922168.4% TOTAL OTHER FUND SOURCES (USES) 731,810 (949,020) 1,680,831177.1% EXCESS REVENUES & OTHER SOURCES OVER(UNDER)EXPENDITURES & OTHER FUND USES 9,831,316 2,927,128 6,904,188235.9% BEGINNING FUND BALANCE 844,421 - ENDING FUND BALANCE $ 10,675,737 $ 3,771,549 $ 6,904,188183.1% RESERVED FUND BALANCE (ENDING) 1,625,597.38 - 1,625,59743.1% UNRESERVED FUND BALANCE (ENDING) 9,050,139.77 3,771,549.09 5,278,591140.0% 10,675,737.15 3,771,549.09 6,904,188183.1% REQUIRED FUND BALANCE (ALSDE) 16,369,981.23 % COVERAGE OF REQUIRED FUND BALANCE55.3%23.0% 32.2% Expenditure Analysis: (General, Debt Service & Special Revenue Funds) 14 Percent allocations are presented net of capital construction outlay in order to normalize District expenditures.

15. ` ACTUALBUDGET $ VAR % BUDGET -------------- REVENUES STATE REVENUES $ 108,078,774 $ 107,908,979 $ 169,7950.1% FEDERAL REVENUES 845,251 1,422,767 (577,516)-0.3% LOCAL REVENUES 96,243,298 92,987,042 3,256,2561.6% OTHER REVENUES 371,957 10,000 361,9570.2% TOTAL REVENUES 205,539,280 202,328,788 3,210,4921.6% EXPENDITURES: INSTRUCTIONAL SERVICES 121,540,151 119,636,495 (1,903,656)-1.0% INSTRUCTIONAL SUPPORT SERVICES 30,241,415 35,237,781 4,996,3662.5% OPERATIONS & MAINTENANCE 24,359,609 23,324,132 (1,035,476)-0.5% AUXILIARY SERVICES 5,899,051 6,370,789 471,7380.2% GENERAL ADMINISTRATIVE SERVICES 11,214,224 7,418,853 (3,795,371)-1.9% DEBT SERVICES 1,227,753 -0.0% OTHER EXPENDITURES 1,957,572 5,236,836 3,279,2641.7% TOTAL EXPENDITURES 196,439,775 198,452,640 2,012,8651.0% OTHER FUND SOURCES (USES): TRANSFERS IN 323,193 - 34.1% OTHER FUND SOURCES 1,908,749 2,149,033 (240,284)-25.3% TRANSFERS OUT 1,500,132 3,098,053 1,597,922168.4% TOTAL OTHER FUND SOURCES (USES) 731,810 (949,020) 1,680,831177.1% EXCESS REVENUES & OTHER SOURCES OVER(UNDER)EXPENDITURES & OTHER FUND USES 9,831,316 2,927,128 6,904,188235.9% BEGINNING FUND BALANCE 844,421 - ENDING FUND BALANCE $ 10,675,737 $ 3,771,549 $ 6,904,188183.1% RESERVED FUND BALANCE (ENDING) 1,625,597.38 - 1,625,59743.1% UNRESERVED FUND BALANCE (ENDING) 9,050,139.77 3,771,549.09 5,278,591140.0% 10,675,737.15 3,771,549.09 6,904,188183.1% REQUIRED FUND BALANCE (ALSDE) 16,369,981.23 % COVERAGE OF REQUIRED FUND BALANCE55.3%23.0% 32.2% Expenditure Analysis: (General, Debt Service & Special Revenue Funds) 15 Percent allocations are presented net of capital construction outlay in order to normalize District expenditures.

16. ` ACTUALBUDGET $ VAR % BUDGET -------------- REVENUES STATE REVENUES $ 108,078,774 $ 107,908,979 $ 169,7950.1% FEDERAL REVENUES 845,251 1,422,767 (577,516)-0.3% LOCAL REVENUES 96,243,298 92,987,042 3,256,2561.6% OTHER REVENUES 371,957 10,000 361,9570.2% TOTAL REVENUES 205,539,280 202,328,788 3,210,4921.6% EXPENDITURES: INSTRUCTIONAL SERVICES 121,540,151 119,636,495 (1,903,656)-1.0% INSTRUCTIONAL SUPPORT SERVICES 30,241,415 35,237,781 4,996,3662.5% OPERATIONS & MAINTENANCE 24,359,609 23,324,132 (1,035,476)-0.5% AUXILIARY SERVICES 5,899,051 6,370,789 471,7380.2% GENERAL ADMINISTRATIVE SERVICES 11,214,224 7,418,853 (3,795,371)-1.9% DEBT SERVICES 1,227,753 -0.0% OTHER EXPENDITURES 1,957,572 5,236,836 3,279,2641.7% TOTAL EXPENDITURES 196,439,775 198,452,640 2,012,8651.0% OTHER FUND SOURCES (USES): TRANSFERS IN 323,193 - 34.1% OTHER FUND SOURCES 1,908,749 2,149,033 (240,284)-25.3% TRANSFERS OUT 1,500,132 3,098,053 1,597,922168.4% TOTAL OTHER FUND SOURCES (USES) 731,810 (949,020) 1,680,831177.1% EXCESS REVENUES & OTHER SOURCES OVER(UNDER)EXPENDITURES & OTHER FUND USES 9,831,316 2,927,128 6,904,188235.9% BEGINNING FUND BALANCE 844,421 - ENDING FUND BALANCE $ 10,675,737 $ 3,771,549 $ 6,904,188183.1% RESERVED FUND BALANCE (ENDING) 1,625,597.38 - 1,625,59743.1% UNRESERVED FUND BALANCE (ENDING) 9,050,139.77 3,771,549.09 5,278,591140.0% 10,675,737.15 3,771,549.09 6,904,188183.1% REQUIRED FUND BALANCE (ALSDE) 16,369,981.23 % COVERAGE OF REQUIRED FUND BALANCE55.3%23.0% 32.2% Program Expansion (and Other Increased Expenditures) 16

17. ` ACTUALBUDGET $ VAR % BUDGET -------------- REVENUES STATE REVENUES $ 108,078,774 $ 107,908,979 $ 169,7950.1% FEDERAL REVENUES 845,251 1,422,767 (577,516)-0.3% LOCAL REVENUES 96,243,298 92,987,042 3,256,2561.6% OTHER REVENUES 371,957 10,000 361,9570.2% TOTAL REVENUES 205,539,280 202,328,788 3,210,4921.6% EXPENDITURES: INSTRUCTIONAL SERVICES 121,540,151 119,636,495 (1,903,656)-1.0% INSTRUCTIONAL SUPPORT SERVICES 30,241,415 35,237,781 4,996,3662.5% OPERATIONS & MAINTENANCE 24,359,609 23,324,132 (1,035,476)-0.5% AUXILIARY SERVICES 5,899,051 6,370,789 471,7380.2% GENERAL ADMINISTRATIVE SERVICES 11,214,224 7,418,853 (3,795,371)-1.9% DEBT SERVICES 1,227,753 -0.0% OTHER EXPENDITURES 1,957,572 5,236,836 3,279,2641.7% TOTAL EXPENDITURES 196,439,775 198,452,640 2,012,8651.0% OTHER FUND SOURCES (USES): TRANSFERS IN 323,193 - 34.1% OTHER FUND SOURCES 1,908,749 2,149,033 (240,284)-25.3% TRANSFERS OUT 1,500,132 3,098,053 1,597,922168.4% TOTAL OTHER FUND SOURCES (USES) 731,810 (949,020) 1,680,831177.1% EXCESS REVENUES & OTHER SOURCES OVER(UNDER)EXPENDITURES & OTHER FUND USES 9,831,316 2,927,128 6,904,188235.9% BEGINNING FUND BALANCE 844,421 - ENDING FUND BALANCE $ 10,675,737 $ 3,771,549 $ 6,904,188183.1% RESERVED FUND BALANCE (ENDING) 1,625,597.38 - 1,625,59743.1% UNRESERVED FUND BALANCE (ENDING) 9,050,139.77 3,771,549.09 5,278,591140.0% 10,675,737.15 3,771,549.09 6,904,188183.1% REQUIRED FUND BALANCE (ALSDE) 16,369,981.23 % COVERAGE OF REQUIRED FUND BALANCE55.3%23.0% 32.2% Capital Projects Fund (Proposed) 17

18. ` ACTUALBUDGET $ VAR % BUDGET -------------- REVENUES STATE REVENUES $ 108,078,774 $ 107,908,979 $ 169,7950.1% FEDERAL REVENUES 845,251 1,422,767 (577,516)-0.3% LOCAL REVENUES 96,243,298 92,987,042 3,256,2561.6% OTHER REVENUES 371,957 10,000 361,9570.2% TOTAL REVENUES 205,539,280 202,328,788 3,210,4921.6% EXPENDITURES: INSTRUCTIONAL SERVICES 121,540,151 119,636,495 (1,903,656)-1.0% INSTRUCTIONAL SUPPORT SERVICES 30,241,415 35,237,781 4,996,3662.5% OPERATIONS & MAINTENANCE 24,359,609 23,324,132 (1,035,476)-0.5% AUXILIARY SERVICES 5,899,051 6,370,789 471,7380.2% GENERAL ADMINISTRATIVE SERVICES 11,214,224 7,418,853 (3,795,371)-1.9% DEBT SERVICES 1,227,753 -0.0% OTHER EXPENDITURES 1,957,572 5,236,836 3,279,2641.7% TOTAL EXPENDITURES 196,439,775 198,452,640 2,012,8651.0% OTHER FUND SOURCES (USES): TRANSFERS IN 323,193 - 34.1% OTHER FUND SOURCES 1,908,749 2,149,033 (240,284)-25.3% TRANSFERS OUT 1,500,132 3,098,053 1,597,922168.4% TOTAL OTHER FUND SOURCES (USES) 731,810 (949,020) 1,680,831177.1% EXCESS REVENUES & OTHER SOURCES OVER(UNDER)EXPENDITURES & OTHER FUND USES 9,831,316 2,927,128 6,904,188235.9% BEGINNING FUND BALANCE 844,421 - ENDING FUND BALANCE $ 10,675,737 $ 3,771,549 $ 6,904,188183.1% RESERVED FUND BALANCE (ENDING) 1,625,597.38 - 1,625,59743.1% UNRESERVED FUND BALANCE (ENDING) 9,050,139.77 3,771,549.09 5,278,591140.0% 10,675,737.15 3,771,549.09 6,904,188183.1% REQUIRED FUND BALANCE (ALSDE) 16,369,981.23 % COVERAGE OF REQUIRED FUND BALANCE55.3%23.0% 32.2% Summary of Operations: (Capital Projects Fund) 18 Projected progress for FYE 2016 (indicated in Red) approximates 47% of the District’s total current capital campaign.

19. EXHIBIT F-I-A FUND TYPES & ACCOUNT GROUPSGOVERNMENTALPROPRIETARYFIDUCIARYACCT GROUPS SPECIALDEBTCAPITALENTERPRISETRUST &F/A & DESCRIPTIONGENERALREVENUESERVICEPROJECTSINTERNALAGENCYL/T DEBT ---------------------------------------------------- ASSETS & OTHER DEBITS: CASH & CASH EQUIVALENTS9,770,165.159,733,973.384,500.2664,873,420.930.00529,508.680.00 INVESTMENTS2,094.750.00 RECEIVABLES ALLOWANCE FOR DOUBTFUL ACCTS0.00 INTERFUND RECEIVABLES1,500,000.000.00 OTHER RECEIVABLES5,321,734.394,111,162.470.00 730.390.00 INVENTORIES0.00316,421.310.00 OTHER ASSETS0.00 FIXED ASSETS0.00 475,653,053.75 ACCUMULATED DEPRECIATION0.00 OTHER DEBITS AMT AVAILABLE IN DEBT SVC0.00 AMT PROV FOR PMT OF L-T DEBT0.00 27,802,277.77 OTHER DEBITS0.00 TOTAL ASSETS & OTHER DEBITS16,593,994.2914,161,557.164,500.2664,873,420.930.00530,239.07503,455,331.52 LIABILITIES & FUND EQUITY: LIABILITIES: SALARIES & BENEFITS PAYABLE274,082.010.00 PAYROLL W/H & DED PAYABLE0.00 56,931.710.00 CLAIMS PAYABLE18,950.005,362.880.00 OTHER PAYABLES INTERFUND PAYABLES0.001,500,000.000.00 OTHER PAYABLES3,491,350.6953,425.100.00 OTHER LIABILITIES0.001,855,799.780.00 LONG-TERM LIABILITIES2,133,874.440.00 27,802,277.77 TOTAL LIABILITIES5,918,257.143,414,587.760.00 56,931.7127,802,277.77 FUND EQUITY: INVESTMENT IN FIXED ASSETS0.00 475,653,053.75 RETAINED EARNINGS0.00 CONTRIBUTED CAPITAL0.00 RESERVED FUND BALANCE1,625,597.38485,435.300.001,854,033.300.00 UNRESERVED FUND BALANCE9,050,139.7710,261,534.104,500.2663,019,387.630.00473,307.360.00 TOTAL FUND EQUITY10,675,737.1510,746,969.404,500.2664,873,420.930.00473,307.36475,653,053.75 TOTAL LIABILITIES & FUND EQUITY16,593,994.2914,161,557.164,500.2664,873,420.930.00530,239.07503,455,331.52 EXHIBIT F-I-A FUND TYPES & ACCOUNT GROUPSGOVERNMENTALPROPRIETARYFIDUCIARYACCT GROUPS SPECIALDEBTCAPITALENTERPRISETRUST &F/A & DESCRIPTIONGENERALREVENUESERVICEPROJECTSINTERNALAGENCYL/T DEBT ---------------------------------------------------- ASSETS & OTHER DEBITS: CASH & CASH EQUIVALENTS9,770,165.159,733,973.384,500.2664,873,420.930.00529,508.680.00 INVESTMENTS2,094.750.00 RECEIVABLES ALLOWANCE FOR DOUBTFUL ACCTS0.00 INTERFUND RECEIVABLES1,500,000.000.00 OTHER RECEIVABLES5,321,734.394,111,162.470.00 730.390.00 INVENTORIES0.00316,421.310.00 OTHER ASSETS0.00 FIXED ASSETS0.00 475,653,053.75 ACCUMULATED DEPRECIATION0.00 OTHER DEBITS AMT AVAILABLE IN DEBT SVC0.00 AMT PROV FOR PMT OF L-T DEBT0.00 27,802,277.77 OTHER DEBITS0.00 TOTAL ASSETS & OTHER DEBITS16,593,994.2914,161,557.164,500.2664,873,420.930.00530,239.07503,455,331.52 LIABILITIES & FUND EQUITY: LIABILITIES: SALARIES & BENEFITS PAYABLE274,082.010.00 PAYROLL W/H & DED PAYABLE0.00 56,931.710.00 CLAIMS PAYABLE18,950.005,362.880.00 OTHER PAYABLES INTERFUND PAYABLES0.001,500,000.000.00 OTHER PAYABLES3,491,350.6953,425.100.00 OTHER LIABILITIES0.001,855,799.780.00 LONG-TERM LIABILITIES2,133,874.440.00 27,802,277.77 TOTAL LIABILITIES5,918,257.143,414,587.760.00 56,931.7127,802,277.77 FUND EQUITY: INVESTMENT IN FIXED ASSETS0.00 475,653,053.75 RETAINED EARNINGS0.00 CONTRIBUTED CAPITAL0.00 RESERVED FUND BALANCE1,625,597.38485,435.300.001,854,033.300.00 UNRESERVED FUND BALANCE9,050,139.7710,261,534.104,500.2663,019,387.630.00473,307.360.00 TOTAL FUND EQUITY10,675,737.1510,746,969.404,500.2664,873,420.930.00473,307.36475,653,053.75 TOTAL LIABILITIES & FUND EQUITY16,593,994.2914,161,557.164,500.2664,873,420.930.00530,239.07503,455,331.52 Financial Forecast 19  Questionable tactics to balance State General Fund deficit(s) by legislators are cause for concern; District’s share of $225 million redirection of ETF funds approximates $7 million (fully burdened).  Anticipate sustaining a General Fund balance between 100% and 110% of the required balance through fiscal year 2016; Remainder of residual fund balance will be escrowed in Debt Service Fund.  Anticipate modest growth in local revenues through 2016 (barring Federal proration or unanticipated decline in the local economy); Current budget reflects flat local revenue projections.  Anticipate level expenditures and cautious consideration of new initiatives and/or significant recurring financial obligations not otherwise contemplated in this budget.

20. EXHIBIT F-I-A FUND TYPES & ACCOUNT GROUPSGOVERNMENTALPROPRIETARYFIDUCIARYACCT GROUPS SPECIALDEBTCAPITALENTERPRISETRUST &F/A & DESCRIPTIONGENERALREVENUESERVICEPROJECTSINTERNALAGENCYL/T DEBT ---------------------------------------------------- ASSETS & OTHER DEBITS: CASH & CASH EQUIVALENTS9,770,165.159,733,973.384,500.2664,873,420.930.00529,508.680.00 INVESTMENTS2,094.750.00 RECEIVABLES ALLOWANCE FOR DOUBTFUL ACCTS0.00 INTERFUND RECEIVABLES1,500,000.000.00 OTHER RECEIVABLES5,321,734.394,111,162.470.00 730.390.00 INVENTORIES0.00316,421.310.00 OTHER ASSETS0.00 FIXED ASSETS0.00 475,653,053.75 ACCUMULATED DEPRECIATION0.00 OTHER DEBITS AMT AVAILABLE IN DEBT SVC0.00 AMT PROV FOR PMT OF L-T DEBT0.00 27,802,277.77 OTHER DEBITS0.00 TOTAL ASSETS & OTHER DEBITS16,593,994.2914,161,557.164,500.2664,873,420.930.00530,239.07503,455,331.52 LIABILITIES & FUND EQUITY: LIABILITIES: SALARIES & BENEFITS PAYABLE274,082.010.00 PAYROLL W/H & DED PAYABLE0.00 56,931.710.00 CLAIMS PAYABLE18,950.005,362.880.00 OTHER PAYABLES INTERFUND PAYABLES0.001,500,000.000.00 OTHER PAYABLES3,491,350.6953,425.100.00 OTHER LIABILITIES0.001,855,799.780.00 LONG-TERM LIABILITIES2,133,874.440.00 27,802,277.77 TOTAL LIABILITIES5,918,257.143,414,587.760.00 56,931.7127,802,277.77 FUND EQUITY: INVESTMENT IN FIXED ASSETS0.00 475,653,053.75 RETAINED EARNINGS0.00 CONTRIBUTED CAPITAL0.00 RESERVED FUND BALANCE1,625,597.38485,435.300.001,854,033.300.00 UNRESERVED FUND BALANCE9,050,139.7710,261,534.104,500.2663,019,387.630.00473,307.360.00 TOTAL FUND EQUITY10,675,737.1510,746,969.404,500.2664,873,420.930.00473,307.36475,653,053.75 TOTAL LIABILITIES & FUND EQUITY16,593,994.2914,161,557.164,500.2664,873,420.930.00530,239.07503,455,331.52 EXHIBIT F-I-A FUND TYPES & ACCOUNT GROUPSGOVERNMENTALPROPRIETARYFIDUCIARYACCT GROUPS SPECIALDEBTCAPITALENTERPRISETRUST &F/A & DESCRIPTIONGENERALREVENUESERVICEPROJECTSINTERNALAGENCYL/T DEBT ---------------------------------------------------- ASSETS & OTHER DEBITS: CASH & CASH EQUIVALENTS9,770,165.159,733,973.384,500.2664,873,420.930.00529,508.680.00 INVESTMENTS2,094.750.00 RECEIVABLES ALLOWANCE FOR DOUBTFUL ACCTS0.00 INTERFUND RECEIVABLES1,500,000.000.00 OTHER RECEIVABLES5,321,734.394,111,162.470.00 730.390.00 INVENTORIES0.00316,421.310.00 OTHER ASSETS0.00 FIXED ASSETS0.00 475,653,053.75 ACCUMULATED DEPRECIATION0.00 OTHER DEBITS AMT AVAILABLE IN DEBT SVC0.00 AMT PROV FOR PMT OF L-T DEBT0.00 27,802,277.77 OTHER DEBITS0.00 TOTAL ASSETS & OTHER DEBITS16,593,994.2914,161,557.164,500.2664,873,420.930.00530,239.07503,455,331.52 LIABILITIES & FUND EQUITY: LIABILITIES: SALARIES & BENEFITS PAYABLE274,082.010.00 PAYROLL W/H & DED PAYABLE0.00 56,931.710.00 CLAIMS PAYABLE18,950.005,362.880.00 OTHER PAYABLES INTERFUND PAYABLES0.001,500,000.000.00 OTHER PAYABLES3,491,350.6953,425.100.00 OTHER LIABILITIES0.001,855,799.780.00 LONG-TERM LIABILITIES2,133,874.440.00 27,802,277.77 TOTAL LIABILITIES5,918,257.143,414,587.760.00 56,931.7127,802,277.77 FUND EQUITY: INVESTMENT IN FIXED ASSETS0.00 475,653,053.75 RETAINED EARNINGS0.00 CONTRIBUTED CAPITAL0.00 RESERVED FUND BALANCE1,625,597.38485,435.300.001,854,033.300.00 UNRESERVED FUND BALANCE9,050,139.7710,261,534.104,500.2663,019,387.630.00473,307.360.00 TOTAL FUND EQUITY10,675,737.1510,746,969.404,500.2664,873,420.930.00473,307.36475,653,053.75 TOTAL LIABILITIES & FUND EQUITY16,593,994.2914,161,557.164,500.2664,873,420.930.00530,239.07503,455,331.52 Financial Forecast (continued) 20  District to continue exploring and implementing cost saving and revenue generating initiatives to include;  Local tax appropriations review  Energy conservation initiative:  LED lighting retrofit for schools($6.0 million)  HVAC control upgrades ($1.1 million)  Estimated annual savings ($2.5 million)  Leveraged purchasing arrangement(s)  Licensing of Marketable District Programs:  Cybersecurity  Greenpower  MiFi Wireless Internet

21. EXHIBIT F-I-A FUND TYPES & ACCOUNT GROUPSGOVERNMENTALPROPRIETARYFIDUCIARYACCT GROUPS SPECIALDEBTCAPITALENTERPRISETRUST &F/A & DESCRIPTIONGENERALREVENUESERVICEPROJECTSINTERNALAGENCYL/T DEBT ---------------------------------------------------- ASSETS & OTHER DEBITS: CASH & CASH EQUIVALENTS9,770,165.159,733,973.384,500.2664,873,420.930.00529,508.680.00 INVESTMENTS2,094.750.00 RECEIVABLES ALLOWANCE FOR DOUBTFUL ACCTS0.00 INTERFUND RECEIVABLES1,500,000.000.00 OTHER RECEIVABLES5,321,734.394,111,162.470.00 730.390.00 INVENTORIES0.00316,421.310.00 OTHER ASSETS0.00 FIXED ASSETS0.00 475,653,053.75 ACCUMULATED DEPRECIATION0.00 OTHER DEBITS AMT AVAILABLE IN DEBT SVC0.00 AMT PROV FOR PMT OF L-T DEBT0.00 27,802,277.77 OTHER DEBITS0.00 TOTAL ASSETS & OTHER DEBITS16,593,994.2914,161,557.164,500.2664,873,420.930.00530,239.07503,455,331.52 LIABILITIES & FUND EQUITY: LIABILITIES: SALARIES & BENEFITS PAYABLE274,082.010.00 PAYROLL W/H & DED PAYABLE0.00 56,931.710.00 CLAIMS PAYABLE18,950.005,362.880.00 OTHER PAYABLES INTERFUND PAYABLES0.001,500,000.000.00 OTHER PAYABLES3,491,350.6953,425.100.00 OTHER LIABILITIES0.001,855,799.780.00 LONG-TERM LIABILITIES2,133,874.440.00 27,802,277.77 TOTAL LIABILITIES5,918,257.143,414,587.760.00 56,931.7127,802,277.77 FUND EQUITY: INVESTMENT IN FIXED ASSETS0.00 475,653,053.75 RETAINED EARNINGS0.00 CONTRIBUTED CAPITAL0.00 RESERVED FUND BALANCE1,625,597.38485,435.300.001,854,033.300.00 UNRESERVED FUND BALANCE9,050,139.7710,261,534.104,500.2663,019,387.630.00473,307.360.00 TOTAL FUND EQUITY10,675,737.1510,746,969.404,500.2664,873,420.930.00473,307.36475,653,053.75 TOTAL LIABILITIES & FUND EQUITY16,593,994.2914,161,557.164,500.2664,873,420.930.00530,239.07503,455,331.52 EXHIBIT F-I-A FUND TYPES & ACCOUNT GROUPSGOVERNMENTALPROPRIETARYFIDUCIARYACCT GROUPS SPECIALDEBTCAPITALENTERPRISETRUST &F/A & DESCRIPTIONGENERALREVENUESERVICEPROJECTSINTERNALAGENCYL/T DEBT ---------------------------------------------------- ASSETS & OTHER DEBITS: CASH & CASH EQUIVALENTS9,770,165.159,733,973.384,500.2664,873,420.930.00529,508.680.00 INVESTMENTS2,094.750.00 RECEIVABLES ALLOWANCE FOR DOUBTFUL ACCTS0.00 INTERFUND RECEIVABLES1,500,000.000.00 OTHER RECEIVABLES5,321,734.394,111,162.470.00 730.390.00 INVENTORIES0.00316,421.310.00 OTHER ASSETS0.00 FIXED ASSETS0.00 475,653,053.75 ACCUMULATED DEPRECIATION0.00 OTHER DEBITS AMT AVAILABLE IN DEBT SVC0.00 AMT PROV FOR PMT OF L-T DEBT0.00 27,802,277.77 OTHER DEBITS0.00 TOTAL ASSETS & OTHER DEBITS16,593,994.2914,161,557.164,500.2664,873,420.930.00530,239.07503,455,331.52 LIABILITIES & FUND EQUITY: LIABILITIES: SALARIES & BENEFITS PAYABLE274,082.010.00 PAYROLL W/H & DED PAYABLE0.00 56,931.710.00 CLAIMS PAYABLE18,950.005,362.880.00 OTHER PAYABLES INTERFUND PAYABLES0.001,500,000.000.00 OTHER PAYABLES3,491,350.6953,425.100.00 OTHER LIABILITIES0.001,855,799.780.00 LONG-TERM LIABILITIES2,133,874.440.00 27,802,277.77 TOTAL LIABILITIES5,918,257.143,414,587.760.00 56,931.7127,802,277.77 FUND EQUITY: INVESTMENT IN FIXED ASSETS0.00 475,653,053.75 RETAINED EARNINGS0.00 CONTRIBUTED CAPITAL0.00 RESERVED FUND BALANCE1,625,597.38485,435.300.001,854,033.300.00 UNRESERVED FUND BALANCE9,050,139.7710,261,534.104,500.2663,019,387.630.00473,307.360.00 TOTAL FUND EQUITY10,675,737.1510,746,969.404,500.2664,873,420.930.00473,307.36475,653,053.75 TOTAL LIABILITIES & FUND EQUITY16,593,994.2914,161,557.164,500.2664,873,420.930.00530,239.07503,455,331.52 Questions Additional questions regarding this budget presentation: Jason.taylor@hsv-k12.org 21