2. Two Accounts Operations  Personnel Costs  Utilities  Building costs and upkeep  Back office costs  Supplies  Staff development Internal  VIP activities  Athletic fees  After care  Misc. revenue  Class money 2

3. Operating Budget Revenues 10/11 $10,317,932 - Total State Budget: $7,609 per pupil $445,000 Other Revenue: Parent Panther Fund, transfer to operations to handle transportation, technology, etc.. $304,223 – Federal Program: Restricted budget all but $17,000 used to pay for programs and services for our students including salary, compliance, services, and programs 3

4. Factors effecting budget Amount of state budget depends on two factors: enrollment and attendance Our current budget assumes an average enrollment of 1,347 and average attendance of 97% Federal money and some state money are dependent of types of students Budget assumes $325,000 from Panther Parent Fund Most internal finance money is designated for restricted uses 4

5. Operating Costs $6,968,804 – Salaries, benefits, stipends, value add  Stipends for extra duty – clubs, coaching, leadership  Value Add – $298,000 this year from PPF $1,129,690 – Debt Service for building $849,772 – CMO Expense  Payroll, IT, accounts payable, training, support  $627 per student $579,739 – Required reserve $294,000 – Utilities $259,616 – Contracted Services – Testing, Speech, PD etc… 5

6. Operating Costs Continued $203,660 – Maintenance and Repair  Night cleaning contract, grounds  Electric, HVAC, Plumbing, etc… $182,048 – General Supplies (Paper, consumables, books) $110,810 – Insurance – Property, liability, etc… $100,800 – Staff development  $25,000 from PPF  IB and AP travel biggest expense $91,600 – Technology  Most costs in software subscriptions like Power School, E-Mail hosting, AR/AM, etc… 6

7. Operating Costs Continued $73,000 – Telecommunications $59,516 – Other operating costs  IB dues, memberships, new programs $37,132 – Supplies for building – Paper towels, cleaning products, soap, etc… $34,200 – Student transportation, does not include VIP funding Everything else – Legal fees, audit, postage, library, textbooks for IB, copier, rentals, curriculum, etc… 7

8. Internal Finance Most money goes to VIP, teachers, classes, athletics, and student expenses not covered in operations budget (field trips) Fines, rebates, incentives go through school administration and are used for student support, extras, unique opportunities Salary does not run through internal finance with a few exceptions (camps, officials, special events) Separate accountant, Uplift oversight 8

9. How do we compare to private schools? Westwood – $10,370 – $15,995 K – 9 to 12 Hockaday – $18,945 – $23,330 K – 12 Greenhill – $18,250 – $22,450 K to 4 – 9 to 12 Jesuit – 13,200 – 9 to 12 9

10. 10 * Source from 2008-9 Academic Excellence Indicator System – North Hills Reports January 2010 North Hills Preparatory Performance Benchmarking- Expenditures per Student North Hill’s model is achieving significant educational results despite having an average of 40% less dollars to spend on a per student basis than found in surrounding districts

11. Issues/Concerns Funding equity Upcoming state budget Training costs Keeping the personnel we have 11

12. North Hills Preparatory Overview- Mission Statement “To provide an education that empowers students to reach their highest potential and inspires the love of learning.” We will achieve this Mission by: Providing a preparatory curriculum of the highest standards that encourages children to raise the level of expectations that they place upon themselves and motivates them to become successful leaders. Creating a diverse community that embraces the ideals of responsible citizenship in an environment of respect for our world and its people. Creating traditions and symbols that continually illustrate and reinforce our goals among all members of our community. Our Core Values are: RigorReal TimeRelationship ResponsibilityRelevanceReflection Results 12