1. 2013-2014 Unaudited Actuals September 9, 2014 Anna Pimentel Director, Fiscal Services Ken Forrest Chief Business Officer 1

2. General Fund 2

3. General Fund – Ending Fund Balance 3

4. FY 14 – Major Changes Change in funding formula from revenue limit to Local Control Funding Formula – 5.40% – Buys down deficit over time – $3.46 million categorical funds rolled into formula – 24 categorical funding streams – Programs maintained moving forward – Instructional Materials, Deferred Maintenance, Home-to-School and Special Education transportation, Class size reduction Common Core State Standards - $1.098 million California Clean Energy Jobs Act - $130,000 4

5. Contributing Factors to Increased Fund Balance Instructional Materials budgeted but unspent - $1.2 million Roofing Projects transfer to Deferred Maintenance Fund - $579,820 Lower costs: – Certificated Salaries - $149,000 – Utilities - $89,104 – Legal fees – $33,704 – Consultants - $77,516 – Other Services - $160,123 5

6. Other Funds Cafeteria Fund – Reduction of $28,858 due to increased food costs, administrative FTE and reduced a la carte sales at secondary Deferred Maintenance, Building Fund and Construction Fund – major maintenance included re-roofing projects at Cambridge and Vanden High School 6

7. Other Funds (Continued) Other Post Employment Benefits Fund – minimal activity. Will need to provide for contributions in near future per GASB 45 actuarial report. Capital Facilities Fund – minimal activity. This fund provided cash flow support in prior years. The library project, funded by developer fees, is the primary activity in this fund. 7

8. Other Funds (continued) Special Reserve for Capital Outlay Projects – minimal activity. Future Scandia Elementary modernization project/activity will be maintained in this fund. Community Facility District Funds – CFD#2 saw increased housing permit activity of $1.134M in addition to Mello Roos taxes. CFD #1 activity limited to Mello Roos taxes. 8

9. Other Funds (Continued) Scholarship Fund – Multiple scholarships were awarded this school year. Pupil Transportation Equipment Fund – Purchased 5 new buses with Bay Area Air Quality Management Grant. 9

10. Negative / Qualified / Positive Status History 10

11. Fund Balance Limitation LCFF 11

12. Fund Balance Limitation LCFF 12

13. Fund Balance Limitation LCFF 13

14. Fund Balance Limitation LCFF 14

15. Gann Limit 15 Forecasted

16. Questions? 16