1. 1 Budget Committee Meeting August 30, 2012

2. FY 2012-13 Un-Restricted General Fund Final Budget Scenarios Including identified budget reductions of $1.2 million Scenario AScenario B Tax Initiative PassesTax Initiative Fails Beginning Balance $ 3,336,667 10.07%$ 3,336,667 10.07% Estimated Income 32,107,801 30,375,405* Total Funds Available $35,444,468$33,712,072 Expenses Salaries 19,203,546 19,203,546 Benefits 7,400,859 7,400,859 OPEB Liability 328,000 328,000 Books & Supplies 577,576 577,576 Other Operating Exp. 3,705,192 3,702,192 Capital Outlay 10,000 10,000 Other Outgo 1,192,700 1,192,700 Total Expense $32,417,873 $ 32,417,873 GF Operating Deficit (310,072) (2,042,488) Transfers Categorical/grants -0- -0- Estimated Ending Balance $3,026,595 9.34% $ 1,293,917 3.99% *Estimated Mid-Year Cut is $1,732,396 2

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