1. 5/26/2015 Sandy Rotella CPA, SFO - Chief Financial Operations Officer

2. Budget Beginning Fund Balance + Revenues - Expenditures = Ending Fund Balance

3. Beginning Fund Balance

4. Beginning Fund Balance - Calculation AMOUNT Fiscal Year 13-14 Audited Fund Balance (Fund 10 & 12) $ 9,058,079 Estimated Revenue FY 14-15 61,724,089 Estimated Expenditures FY 14-15 62,163,315 Estimated Ending Fund Balance – June 30, 2015 $ 8,618,853

6. School Finance Act Enrollment 49.00 Per Pupil Revenue $171.39

7. Other Revenue Changes Increase in Property Taxes Increase in Specific Ownership Tax Increase in transfer to Athletic Fund Decrease in Categorical Funding Increase of Transfer to Capital Reserve Fund Decrease of Transfer to Risk Management Fund Maintain Federal Impact Aid

8. Revenue – Estimate for FY 15-16 AMOUNT Est. Revenue for Fiscal Year 14-15$ 61,724089 Estimated Increase to FY 15-16 Revenue 4,053,917 Estimated Revenue for FY 15-16$62,516,037

10. Salary & Benefits Salary Increase: Certified: Steps and Column Movement 1.5% COLA Classified: Steps Restructure of Longevity Payments 1.0% COLA Benefits PERA: 0.9% increase (from 18.35% to 19.20%) Health Insurance: No change

11. Targeted Student / Teacher Staffing Ratios by Core Content Area Preschool16:1 Kindergarten20:1 Grades 1-324:1 Grades 4-526:1 Grades 6-828:1 Grades 9-1230:1

12. $4,890,000

13. REFERENDUM (I)RESTORING OR ENHANCING ELIMINATED PROGRAMS IN MUSIC, ART, PHYSICAL EDUCATION, CAREER-TECHNICAL EDUCATION AND MIDDLE SCHOOL ATHLETICS;

14. REFERENDUM (continued) (II) PROVIDING OPERATING FUNDS FOR PROGRAMS INTENDED TO INCREASE GRADUATION RATES, KEEP STUDENTS IN SCHOOL, AND IMPROVE READING AND WRITING SKILLS OF ALL STUDENTS IN KINDERGARTEN THROUGH TWELFTH GRADE;

15. REFERENDUM (concluded) (III) UPGRADING AND IMPROVING COMPUTER TECHNOLOGY FOR ALL STUDENTS IN KINDERGARTEN THROUGH TWELFTH GRADE

16. Estimated Expenditures – Fiscal Year 2015-16 AMOUNT Estimated Salaries: Based on FY 2015-16 FTE and negotiated agreements$40,425,645 Estimated Benefits: Based on FY 15-16 FTE, negotiated agreements, PERA rate increase and no change in ER healthcare contribution. 11,782,624 FY 15-16 Purchased Services, Supplies and Other Expenditures 10,307,768 Estimated FY 15-16 Expenditures$62,516,037

17. Recap of Revenue/Expenditures AMOUNT Estimated Beginning Fund Balance$ 8,618,853 Estimated Revenue FY 14-15 62,516,037 Estimated Expenditures FY 14-15 62,516,037 Excess Exp over Revenue -0- Estimated Ending Fund Balance 6/30/16$8,618,853

18. Analysis of Fund Balance TABOR – estimate$3,100,000 Board Policy – estimate 3,125,802 Non-spendable/Restricted - estimate 100,000 Assigned – estimate 150,000 Unassigned – estimate 2,143,051 Total Estimated Fund Balance$8,618,853

19. Budget Reduction Considerations IMPACTAMOUNT Reduce ESS Administration Realign resources to the Buildings$700,000

20. Other Funds General Fund – Sub Funds Athletics Fund Insurance Reserve Fund Special Revenue Funds Nutrition Services Fund Government Designated Purpose Grant Fund Athletic Fund Fee Supported Fund Debt Service Funds Bond Redemption Fund Capital Projects Fund Capital Reserve Fund

21. MAY - 2015 12Board of Education Meeting – Budget Strategic Planning 19Board of Education – Study Session Proposed Budget submitted to Supt & BOE 26Board of Education Meeting – Presentation of 2015-16 Preliminary Budget JUNE – 2015 09Board of Education Meeting – Public Hearing on the 2015-16 Proposed Budget 16Possible Board of Education Meeting 23Board of Education Meeting – Adoption of 2015-16 Budget