1. VCS Budget Presentation Viking University March 10, 2011 Thomas Jefferson Middle School

2. 2011 Budget General Fund $37,029,698 Debt Service $9,021,392 Pension Debt $1,631,724 Capital Projects $6,344,981 Transportation $3,660,927 Bus Replacement $319,931 Total $58,010,664

3. Sources of Funding Primary (>90%) Secondary General Fund State Support Fees, Rentals, Tuition Debt Service Local Property Tax Excise Tax from state Pension Debt Local Property Tax Excise Tax from state CPF Local Property Tax Excise Tax from state Transportation Local Property Tax Excise Tax from state Bus Replacement Local Property Tax Excise Tax from state

4. Use of General Fund Use % of Budget Salaries and Benefits 86% Overhead (Utilities, Property Insurance, etc.) 4.0% Payments to Inter-local (Special Ed, Alternative, Vocational) 7.6% Instructional Supplies 1.8% Professional Development, Maintenance, etc. 0.6% 100.0%

5. Use of Debt Service Fund Use % of Budget Lease Rental Payments and Interest 99.6% Temporary Loan Interest 0.4% 100.0%

6. Use of Pension Debt Fund Use % of Budget Pension Bond Principal and Interest Payments 100%

7. Use of Capital Projects Fund Use % of Budget Technology 22.3% Inter-local, Vocational, and Alternative Rental Payments 12.6% Capital Improvements and equipment purchase/lease 65.1% 100.0%

8. Use of Transportation Fund Use % of Budget Salaries and Benefits 62% Parts, supplies, fuel, maintenance 38% 100%

9. Use of Bus Replacement Fund Use% of Budget Purchase of school buses 100%

10. Rainy Day Fund Funded mainly through unexpended funds in CPF and Transportation Funds Provides temporary safety net Healthier than most schools in the state Fund Balances Ending: 2008 $1,542,508 2009 $3,550,826 2010 $5,998,593

11. Projected uses of Rainy Day Fund 2011 Fund Early Retirement Incentive Use as operating reserve (cash balance) for General Fund Maintain at least $4 million on hand 2012 and 2013 Use as operating reserve (cash balance) for General Fund Maintain at least $4 million on hand

12. General Fund Challenges GF Expenditure Amt. of Decrease % Decrease 2009 $40, 154,369 2010 $38,643,539$(1,510,830)3.76% 2011 $37,500,000$(1,143,539)2.96%

13. Challenges for 2012 and 2013 Vouchers Charter School Funding Transportation Funding for Charter Schools De-ghoster Balance General Fund Budget

14. Questions

15. Tax Rates General: 0.0000 Debt Service:0.3878 Pension Debt:0.0628 CPF:0.2089 Transportation:0.1433 Bus Replacement:0.0130 Total:0.8158