1. 1 Eatonville School District #404 Fiscal Results 2011-12

2. 2 Eatonville School District #404 Total Fund Balance: All the money the district has in the bank to operate our schools Assigned Fund Balance: Levy Obligations Staffing, ADA, Software, Equipment, Furniture, Maintenance, Curriculum Adoptions, Extra Curricular, Technology Hardware/Repair, Sick Leave Buy Back/Cash out Restricted Fund Balance: Title I, PSE Professional Development, IDEA Balances, Class of 1953, Saul Haas, Nurse’s Fund, Miscellaneous grants/donations

3. 3 Eatonville School District #404 Ending Fund Balance for 2011-2012 Total Ending Balance $ 3,513,084 Minus Levy Obligation ($ 2,571,976) Minus Restricted Funds ($ 33,914) Unreserved Fund Balance $ 907,194 Unreserved Fund Balance: 5.22% of 2011-12 Actual Revenues* * Board policy requires an unreserved fund balance of 5%

6. Eatonville School District #404 Challenges in the budget process: – Unfunded positions – Medical/dental premiums for unfunded positions – Underfunded transportation expenses – MSOCs (maintenance, supplies & operating costs) Supplies, travel, capital outlay, books, utilities – Shrinking student enrollment 6

9. Causes of Gap Reduced revenue from State ESD filled 1.9% & 3.0% gap for staff Decreases in money from Federal Government Decreasing student enrollment Commitment to maintaining programs for our students Has had impact on our general fund balances

12. Eatonville School District #404 Possible Help for 13/14 budget cycle: Levy increased from $4.09 to $4.41 million Better levy collection rate (95% from 93%) McCleary Decision & the Education Funding Joint Task Force (more funding for education, when?) Increase in student FTE??? 12

13. 13 Eatonville School District #404 ANY QUESTIONS/COMMENTS