1. SHEFFIELD CITY SCHOOLS ANNUAL BUDGET FISCAL YEAR 2010-2011

2. TOTAL BUDGET $12,848,821 FY 09-10 $13,337,443 before proration

3. $6,543,021 – 50.92 %  FOUNDATION PROGRAM  SCHOOL NURSES PROGRAM  TECHNOLOGY COORDINATOR  SALARIES - 1% PER ACT 97-238  TRANSPORTATION  CAPITAL PURCHASE  AT RISK  PRESCHOOL PROGRAM FY 09-10 $6,790,294 51%

4. $2,730,516 – 21.25%  CHILD NUTRITION PROGRAM  TITLE I, II  SPECIAL EDUCATION & PRESCHOOL  HISTORY GRANT  21 st CENTURY PROGRAM  AMERICAN RECOVERY AND REINVESTMENT ACT (ARRA) INCLUDES $234,000 “JOBS” FUNDS FY 09-10 $2,860,694 21% w/ $350,000 FY10 carryover

5. $3,575,284- 27.83%  COUNTY AD VALOREM TAXES  COUNTY SALES TAXES  COUNTY ALCOHOL BEVERAGE TAXES  CITY ADVALOREM TAXES  CITY COUNCIL APPROPRIATIONS  TVA IN LIEU OF TAXES  DISTRIBUTIONS FROM WILLSON TRUST  LOCAL SCHOOL -PUBLIC AND NON-PUBLIC  EDUCATION FOUNDATION CONTRIBUTIONS FY 09-10 $3,686,455 28%

6. Expenditures $12,393,885 FY 09-10 $13,126,980

7. $8,430,438– 68.1%  SALARIES & BENEFITS -TEACHERS AND AIDES  CLASSROOM INSTRUCTIONAL SUPPORT  SUBSTITUTE TEACHERS  GUIDANCE & COUNSELING  MEDIA SERVICES  PRINCIPALS AND SCHOOL OFFICES  CURRICULUM DEVELOPMENT FY 09-10 $9,107,559 69.3%

8. $1,134,673 – 9.1%  SECURITY SERVICES - ALARMS  BUILDING SERVICES - UTILITIES, JANITORIAL SUPPLIES MAINTENANCE & REPAIRS  GROUNDS SERVICES - LAWN & ATHLETIC FIELD MAINTENANCE  VEHICLE SERVICES - BUSES & TRUCKS FY 09-10 $1,122,664 8.6%

9. $85,365 - 0.70%  STUDENT TRANSPORTATION SERVICES * INSTRUCTIONAL (VOCATIONAL SCHOOL) * EXTRACURRICULAR (ATHLETICS & FIELD TRIPS) $869,426 – 7.0%  CHILD NUTRITION PROGRAM * SALARY AND BENEFITS * PREPARING AND SERVING SUPPLIES * FOOD FY 09-10 $876,945 – 6.7% FY 09-10 $88,496 – 0.70%

10. $766,474 – 6.2%  SUPERINTENDENT’S OFFICE  EXECUTIVE ADMINISTRATIVE SERVICES - ASST. SUPERINTENDENT &- FEDERAL PROGRAM ADMINISTRATION - SPECIAL ED. AND TESTING COORDINATOR  BUSINESS SUPPORT SERVICES - CSFO; ACCOUNTING/PAYROLL; SDE REPORTS AND DATA COLLECTIONS  SYSTEM-WIDE SUPPORT SERVICES - EMPLOYEE LIFE INSURANCE - PROPERTY AND LIABILITY INSURANCE - LEGAL FEES; AUDITOR’S FEES; ASSOCIATION DUES  GRANT ADMINISTRATION - LEARN & SERVE; 21 ST CENTURY; HISTORY GRANT  SHEFFIELD EDUCATION FOUNDATION OFFICE FY 09-10 $917,223 7.0%

11. $164,784 – 1.33% $100,000 FY10 STATE CAPITAL OUTLAY $64,784 FY11 STATE CAPITAL OUTLAY  LAND IMPROVEMENT  BUILDING IMPROVEMENT  TECHNOLOGY FY 09-10 $269,097 2.1%

12. $60,729 -.5%  REHABILITATING, RENOVATING, REPAIRING EXISTING FACILITIES  CENTRAL OFFICE BUILDING FY 09-10 $80,729.6%

13. $260,000 – 2.1%  Willson HVAC *$60,000 Annual payment for 20 years  2001 QZAB Bond Issue *$200,000 Annual payment - $200,000 balance - Will pay out April 2011  2005 QZAB Bond Issue * No Annual Payment - Secured with 17 year T-bill FY 09-10 $260,000 2%

14. $621,848 – 5%  PRESCHOOL PROGRAMS  COMMUNITY EDUCATION  EDUCATION FOUNDATION FY 09-10 $404,265 3%

15.  TOTAL SALARIES $7,143,567 57.7%  TOTAL BENEFITS $2,838,379 22.9%  GRAND TOTAL $9.981,946 80.6%  UTILITIES $ 431,585 3.6%  CAPITAL OUTLAY $ 225,514 1.8%  CNP SUPPLIES $ 442,646 3.4%  DEBT SERVICE $ 260,000 2.1%  BUILDING SERVICES $ 119,100.9%  STATE CLASSROOM SUPPLIES $ 17,689.001%  OTHER CLASSROOM SUPPLIES $ 101,000.8%  PURCHASED SERVICES $ 298,920 2.4%  PASS THRU TO CNP $ 238,877 1.9%

16. REVENUE CHANGES:  Local taxes – Ad valorem and sales taxes  City Appropriation  Grants  State allocations – Proration EXPENDITURE CHANGES:  Legislative mandates - Benefits (retirement)  Non-completion of capital projects  Unexpected building maintenance - roof, HVAC, plumbing  Additional program cost

17. TOTAL RESERVE Budget

18. SITUATIONS AFFECTING RESERVE BALANCE T FY09-10 OPERATIONS ARE OVER BUDGET T PRORATION IS DECLARED T 5% PRORATION IS PROJECTED BY STATE T MY GUESS: PRORATION WILL BE 7% T EACH 1% WILL COST SCS ABOUT $60,000 T PERSONNEL CHANGES T INCREASE OF OPERATING COSTS, SUCH AS UTILITIES, PROPERTY INSURANCE, AND MAINTENANCE OR REPAIRS OF FACILITIES