1. Budget View 2010-11 Presented by Dr. Jack Adams March 5, 2010

2. Approved Waivers & Concessions ~2009-10~ 1. Froze All Benefits, Step & Salaries Increases 2. Froze All Hires Except Essential 3. Froze All Building Budgets 4. Cut 5 Days—Non Represented 5. Rainy Day Fund 1. $662,725 2. $388,401 3. $776,529 4. $46,820 5. $600,000

3. 2009-10 Budget ~$5.6 Billion~ 1. Beginning Fund Balance 2. Revenue 3. Budget Freezes, Concessions and Waivers to Balance Budget 4. General Fund/Federal Recovery/Stimulus 5. Expected Ending Fund Balance 1. $1,500,00 2. $16,199,975 3. $1,943,591 4. $264,952 5. $106,450* *Recommended Ending Fund Balance 5-7% of Budget (or at least $600,000)

4. Now 6.0

5. & STEPS Current Portland COLA = Negative 0.2% in first half of 2009, 0.5% in second half for an “average” of 0.1% for 2009 *Contract COLA % Above *

6. Two Years

7. Comments ~ Questions