1. June 2010 Jeff Wooten, Ed.D. Superintendent Board Members: Don Pendergrass, President Mike Elliott, Vice President Pam Doyle Farrell Southern Willis Thompson

2. Bank Accounts June 2010 1.59 months Total Beginning Bank Balance $2,971,930.74 General Fund CD1,000,000.00 Revenues1,730,916.85 Extended Day Income32,895.28 Interest Income3,531.68 Total Income1,767,343.81 Expenditures Transferred to CD0.00 Accounts Payable204,528.84 Payroll1,665,272.28 Transfers out- to CNP48,847.34 Total Expenditures1,918,648.46 Ending Bank Balance 3,820,626.09 Less Public School Fund763,263.68 Expendiable Money $3,057,362.41 General Fund-Bank$1,840,642.42 General Fund-CD$1,000,000.00 Special Funds$216,719.99 Total Expndiable Money$3,057,362.41 CHILD NUTRITION Beginning Bank Balance$251,519.34 Revenues86,071.89 Transfer in from Gen Fund48,847.34 Total Income 134,919.23 Expenditures: Transferred to CD Accounts Payable45,996.78 Payroll85,923.74 Total Expenditures 131,920.52 Ending Bank Balance $254,518.05

3. NET RECEIPTS ANALYSIS EDUCATION TRUST FUND June FISCAL YEAR 2010-2011 NET RECEIPTS ANALYSIS JuneYEAR TO DATE June 20092010 20092010CHANGEPERCENTGROSS CHANGEPERCENT REVENUE SOURCEACTUAL CHANGEYTD CHANGE UNCLASSIFIED0.00 0.00%0.00 0.00% BEER TAX1,978,429.351,992,828.4914,399.140.73%16,710,719.6316,245,895.41-464,824.22-2.78% HYDROELECTRIC TAX0.00 0.00%183,592.320.00-183,592.32-100.00% INCOME TAX303,821,462.14121,875,167.51-181,946,294.63-59.89%2,421,471,450.282,132,384,123.42-289,087,326.86-11.94% INSURANCE PREMIUM TAX0.00-75,067.71 0.00%30,970,421.5830,804,780.80-165,640.78-0.53% MOBILE TELCOM2,985,808.494,547,947.421,562,138.9352.32%27,671,682.5129,279,897.581,608,215.075.81% SALES TAX134,755,823.22153,185,729.2918,429,906.0713.68%1,100,685,012.961,158,473,079.9357,788,066.975.25% STORE LICENSES3,454.702,798.82-655.88-18.99%184,510.44-62,051.95-246,562.39-133.63% USE TAX19,957,269.7518,890,214.75-1,067,055.00-5.35%181,498,219.67173,225,804.61-8,272,415.06-4.56% UTILITY TAX40,005,383.8920,991,602.88-19,013,781.01-47.53%306,765,569.80301,956,423.95-4,809,145.85-1.57% SUB-TOTALS503,507,631.54321,411,221.45-182,096,410.09-36.17%4,086,141,179.193,842,307,953.75-243,833,225.44-5.97% MISC TRANS & REV3,769.436,274.172,504.7466.45%222,504,424.48583,480.30-221,920,944.18-99.74% GRAND TOTALS503,511,400.97321,417,495.62-182,093,905.35-36.16%4,308,645,603.673,842,891,434.05-465,754,169.62-10.81%

4. General Fund Comparison of Budget and Actual June 2010 State and Local Revenues Actual BudgetTo the good REVENUESBUDGETACTUALDIFFERENCE STATE$9,877,422$9,892,333$14,911 FEDERAL$600$774$174 LOCAL$5,707,478$5,604,932-$102,546 OTHER$239,917$327,906$87,989 TOTAL REVENUES$15,825,417 $15,825,945 $528 EXPENDITURES INSTRUCTIONAL SERVICES$9,615,962$9,346,431-$269,531 INSTRUCTIONAL SUPPORT$2,804,690$2,716,858-$87,832 OPERATIONS & MAINTENANCE$1,329,616$1,229,764-$99,852 AUXILIARY SERVICES$123,189$154,950$31,761 GENERAL ADMINISTRATIVE$812,550$815,025$2,475 CAPITAL OUTLAY$0 OTHER$608,259$590,101-$18,158 TOTAL EXPENDITURES$15,294,266 $14,853,129 -$441,137 EXCESS REVENUE OVER (UNDER EXPENDITURES)$531,151$972,816$441,665

5. General Fund Revenues and Expenditures By Function Code June 2010 Revenues $15,825,945 Expenditures $14,853,129

6. Local Revenue Comparison June 2010 – June 2009 June 2010June 2009Difference 4 Mill Property Tax$671,289$617,043$54,246 County Sales Tax$684,210$753,918-$69,708 County Alcohol Bev Tax$29,135$30,765-$1,630 3 Mill Property Tax$442,535$426,264$16,271 13 Mill Property Tax$1,917,652$1,831,842$85,810 District Alcohol Bev Tax$34,079$32,539$1,540 City Council$945,000 $0 TVA$601,113$578,828$22,285 Total$5,325,013 $5,216,198 $108,815

7. General Fund Expenditures By Object Code June 2010 $14,853,129 $12,848,047 Payroll Expense $ 438,958 Transfer out to CNP for Benefits $ 1,566,124 Operational Expenses School Systems Match 752.00 Insurance per employee per month 12.51 Retirement 7.65 Medicare and Social Security.07 Unemployment 20.23 Per every dollar earned

8. Total Budget Comparison of Budget and Actual June 2010 General, Federal, CNP, Principal Accounts & Capital BudgetActualTo the good REVENUESBUDGETACTUAL DIFFERENC E STATE$10,464,080$10,572,713$108,633 FEDERAL$2,297,522$2,199,727-$97,795 LOCAL$8,141,433$7,744,027-$397,406 OTHER$1,913,969$2,039,821$125,852 TOTAL REVENUES $22,817,005 $22,556,288 -$260,717 EXPENDITURES INSTRUCTIONAL SERVICES$11,342,573$10,811,760-$530,813 INSTRUCTIONAL SUPPORT$3,241,024$3,091,337-$149,687 OPERATIONS & MAINTENANCE$2,355,974$1,929,475-$426,499 AUXILIARY SERVICES$1,650,992$1,764,230$113,238 GENERAL ADMINISTRATIVE$870,798$856,104-$14,694 CAPITAL OUTLAY$1,370,121$1,107,315-$262,806 OTHER$1,187,518$1,159,361-$28,157 TOTAL EXPENDITURES $22,019,000 $20,719,582 -$1,299,418 EXCESS REVENUE OVER (UNDER EXPENDITURES)$798,005$1,836,706$1,038,701

9. Total Funds Revenues and Expenditures By Function Code June 2010 Revenues $22,556,288 Expenditures $20,719,582