1. 2013-2014 Budget Public Hearing and Budget Adoption Ralph Fortunato Director of Fiscal Services August 28, 2013

2. School District Budgets 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. Budget Adoption Process 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.

5. General Fund 2012-13 Update

6. General Fund 2013-2014

7. General Fund 2013-14 Enrollment

8. General Fund 2013-14 Staffing

9. General Fund 2013-14 Revenues

10. General Fund 2013-14 Revenues: (Net of Expansion Contingency)

11. General Fund 2013-14 Expenditures

12. General Fund 2013-14 Expenditures: (Net of Expansion Contingency)

13. General Fund Ending Fund Balances 2011-12 through 2013-14

14. General Fund 2013-14 into 2014-15

15. Capital Project Fund 2013-2014 Beginning Fund Balance $13,834,638 Revenues 5,733,000 Total Funds Available 19,567,638 Expenditures/Uses 17,971,030 Ending Fund Balance $ 1,596,608

16. Capital Project Fund 2013-2014 Project List:

17. Debt Service Fund 2013-2014 Beginning Fund Balance $14,250,000 Revenues /Transfers 29,349,114 Total Funds Available 43,599,114 Expenditures/Uses 32,149,785 Ending Fund Balance $ 11,449,329

18. ASB Fund 2013-2014 Beginning Fund Balance $ 1,270,098 Revenues 4,948,588 Total Funds Available 6,218,686 Expenditures/Uses 5,039,159 Ending Fund Balance $ 1,179,527

19. Transportation Vehicle Fund 2013-2014 Beginning Fund Balance $ 998,008 Revenues 687,525 Total Funds Available 1,685,533 Expenditures/Uses 1,415,114 Ending Fund Balance $ 270,419

20. 2013-2014 Levy Amounts

22. Next Steps: Formal Adoption of budget August 28, 2013 Monitor start of school for enrollment and staffing Close 2012-13 fiscal year and produce Annual Financial Report (F-196) by November 1, 2012 Monitor 2014 legislative sessions (state funding) and federal reauthorizations for possible budget revisions Determine priorities for 2014-2015 budget

23. Questions/Comments