1. Cedar Rapids Community Schools School Finance Basics Updated: 9-20-10

4. Certified Enrollment Trends Data Source: Line 7 “Certified Enrollment” Resident Pupils

5. Open Enrollment Trends* Total losses exceed $13.2 million since inception. *Data Source: FTE of open enrolled resident public students, Annual Certified Enrollment FY 2011: $2 million gap

7. “District Cost Per Student” State Allowable Growth is 2% for fiscal year 2010-2011. FY2012 will be decided in Feb 2011.

9. Allowable Growth Trends Percent District Cost Fiscal Year Growth Per Pupil 2001-2002 4.00%$4,512 2002-2003 1.00%$4,557 2003-2004 2.00%$4,648 2004-2005 2.00%$4,741 2005-2006 4.00%$4,931 2006-2007 4.00%$5,128 2007-2008 4.00%$5,333 2008-2009 4.00%$5,546 2009-2010 4.00%$5,768 2010-2011 2.00%$5,883

10. What will the District receive in New Money?

12. Actual Revenues: General Fund Fiscal Year 2009-2010 Total General Fund Revenues: $169,980,988 Local Sources State Sources Federal Sources Other Financing Sources

13. Fiscal Year 2011 Valuation Per Student State Average FY2011: $263,000

14. Property Tax Valuation Trends *Excludes TIF valuations

15. District Levy Rate Trends

16. Tax Levy Comparability Linn County School Districts Fiscal Year 2010-2011 Revised 5-20-10

17. Tax Levy Comparability Urban Education Network Fiscal Year 2010-2011 Revised 5-20-10

19. General Fund Actual Expenditures Fiscal Year 2009-2010

21. Actual Revenues: All Funds Fiscal Year 2009-2010 Total Revenues: $223,636,684

22. District Actual Revenues: By Source Fiscal Year 2009-2010 Total Revenues $223,636,684

23. Actual Expenditures: All Funds Fiscal Year 2009-2010 Total Expenditures: $257,802,811

24. General Fund Reserve Trends Cash* and Unspent Balance (millions) * Cash is defined as ending “fund balance.” Revised 9-20-10

25. General Fund Reserve Goal Iowa Schools Cash Anticipatory Program (ISCAP) Solvency Ratio Reserve Goal: To achieve a 8.0%-10% solvency ratio through a balanced budget and continued use of the cash reserve levy. Revised 9-20-10

26. Historical and Proposed Cash Reserve Levies Total Cash Reserve Levy: $9.7 million Preliminary SBRC FY2011 Cash Reserve Levy Limitation: $29.97 million

27. Questions ? & Answers