1. Cambrian School District 2011-12 Unaudited Actuals

2. 2011-12 Unaudited Actuals The Unaudited actuals from 2011-12 reflect the actual unaudited revenues, expenditures and fund balances as of June 30, 2012 The District closed the books for 2011-12 on August 16, 2012 Board action is required to approve the Unaudited Actuals before submission

3. 2011-12 Revenues - $25,574,279 Revenue limit comes from two major sources: State Aid $5,690,629 and Property Tax $11,433,977

4. 2011-12 Expenditures - $24,994,600 83.5% of Dollars go to Salaries and Benefits 1xxxCertificated Personnel 2xxx Classified Personnel 3xxx Benefits 4xxxSupplies 5xxx Contracted Services 6xxx Capital Items 7xxxOther Outgo

5. General Fund Ending Balances as of June 30, 2012 Unrestricted $8,840,818 – Balance Includes a 5% Reserve For Economic Uncertainties Restricted $219,076 – Balance Includes Various Categoricals

6. Next Steps County Office of Education will review the Unaudited Actuals External auditors will perform the final review in October Final audit report will be presented to the Board in January or February 2013

7. Questions Questions?