1. April 1, 2011

2. Revenue REVENUE F/Y/E June 30, 2012 750 Students Federal IDEA Funding $56,550.00 Federal Money Paid for ESE, not including gifted Florida Finance Program (FTE) $2,883,802.50 Per student FTE Instructional Materials $68,072.50 Textbooks Funds Discretionary Lottery Funds $8,130.00 Reading Instruction $28,515.00 Money received for following the County’s Reading Plan Misc State Revenue $168,660.00 Capital Outlay Funds $369,000.00 Money to fund Charter School Facilities via State Class Size Reduction $684,352.50 Money received for Maintaining 22 Students per Classroom District School Taxes $1,179,060.00 $671,672.22 from Referendum District Local Capital Imp $301,335.00 Money that is reimbursed by the County for Capital Expenses Interest Income - Operating $7,704.02 Interest on Savings Private Grants & Donations $6,000.00 Total Revenues $5,761,181.52

3. Capital Outlay Explanation Capital Outlay Funds $369,000.00 Money to fund Charter School Facilities via State Designated with italicized expenses District Local Capital Imp $301,335.00 Money that is reimbursed by the County for Capital Expenses Designated with bold expenses

4. Expenses - Salaries SSAS SALARIES All SSAS Salaries without Stipends $2,665,941.63 including 3 additional Staff - based on average pay amount Stipends $126,720.00 401K - Retirement 9% $239,932.05 9% of Base Pay Social Security 7.65% $203,942.24 Insurance $298,080.00 Medical, Vision & Dental and LTD/STD/Life Worker's Compensation $17,907.41 Total Expenditure $3,552,523.33

5. Salary Clarifications All SSAS Salaries without Stipends $2,665,941.63 Including 3 additional Staff - based on average pay amount This amount includes a 1.5 percent step increase for everyone. This is based upon $45, 915.28, which is our average teacher base salary.

6. Stipend Breakdown  Teaming bonus - $500 (per each team and subject)  Team leader - $2000  Department head & Liaisons - $2000  Clubs, Honor Roll, Study Hall - $750  Sports - $1500  Morning Care – $4500  Detention – $2000  Data - $1500  Grants – $1500  Website - $1500  Celebration - $1500  Grade level Field Trips - $750  Graduation - $750  PTSS Rep - $1500  Translation - $1000  First Responder - $1000

7. Expenses – Instructional Instructional Contract Svcs – Special* $10,000.00* Field Trips during instructional day - Mote, Selby, and GWIZ Contract Svcs - Basic $55,000.00 Substitute Teachers and Lunchroom Aides Travel - Basic Programs $2,500.00 Travel other than Conference, OM, JITS and moving expenses Materials & Supplies $54,000.00 Consumables Bonuses - not including 3%, Merit or A money $38,100.00 Thanksgiving, December and Spring Bonus amounts Uniform Vouchers $17,000.00 Uniform Vouchers given to Children on Free/Reduced Lunch Copier Paper $13,000.00 PE Materials $6,500.00 PE Materials and Sport Uniforms Materials - 1st Week of School $6,325.00 Teacher Startup $3075.00, T- shirt, Lunches and Field Trip

8. Instructional Support Copier Usage Fees $6,000.00 Usage amount over 125,000.00 copies per month – this is an extra fee because of high numbers Break Room Supplies $5,475.00 Coffee, tea, cups, etc. Teacher Uniform Shirts $1,100.00 Uniform shirts purchased for Staff Textbooks $91,000.00 Textbooks, Read 180 R-books, Buckle Down, summer math Periodicals $4,500.00 Classroom Magazines A/V Materials $8,000.00 Bulbs for Projectors, Cassette players and Microphones Professional Services - ESE $45,000.00 Psych Evaluation, Occupational and Speech Therapy Total Expenses Instructional $363,500.00

9. Textbooks TEXTBOOK CLARIFICATION Textbook Revenue $68,072.50 Textbooks Funds Textbooks Expense $91,000.00 Textbooks, Read 180 R-books, Buckle Down, summer math Deficit - $22,927.50

10. Team Sports Only EXTRACURRICULAR SPORTS & RECREATION Contract Svcs - Sports/Rec $5,000.00 Referees for all of our sports, Contract Coaches Facility Rent - Sports/Rec $5,000.00 Rented facilities for our sports Total Sports/Recreation $10,000.00

11. Clinic Supplies CLINIC SERVICES Materials/Supplies - Health Services$2,000.00 Total Health Services$2,000.00

12. Technology Costs COMPUTER SERVICES – Non Capital Repairs & Maintenance - Media Svcs $78,000.00 Cost of Computer Tech Salary Materials & Supplies - Media Svcs $8,000.00 Ink and Consumables used by Computer Tech Computer Equip - Non Capitalized $4,000.00 Cords, Drives and other items used by Computer Tech Computer Software - Non Cap $2,500.00 Computer Software used by Computer Tech Total Media Services $92,500.00

13. Development & Advertising DEVELOPMENT/TRAINING Development Svc - Marketing $3,000.00 Advertisements & sponsorships Training - Professional Fees* $15,000.00* Education Reimbursement and Conference Registration Training - Travel Costs $7,500.00 Conference Travel Cost Total Development/Training $25,500.00

14. BOARD/SPONSOR EXPENSES These costs are non-negotiable – they are NOT paid to the board Professional Services - Board $1,000.00 Attorneys used by the Board of Directors Insurance & Bond - Board $1,500.00 Fiscal Services - Contracted Auditor $25,000.00 Dues & Fees - Board $1,000.00 5% School Board Management Fee $98,406.15 Money charged by the Sarasota County School Board Total Board/Sponsor Expense $126,906.15

15. ADMINISTRATION EXPENSE Contracted - Support Personnel $10,000.00 Increased amount during building, Owner Representative Travel - Administration $2,500.00 Travel other than Conferences Communication/Postage - Admin $7,500.00 Contracted-Controller $30,000.00 Cavanaugh & Co. process Checks and Monthly Financials Total Administration Expense $50,000.00

16. TRANSPORTATION EXPENSE Contract Svcs – Transportation SSAS Busses $30,000.00 Money paid for SSAS Bus drivers Repairs – Transportation SSAS Busses $10,000.00 Repairs and Monthly Costs performed by the Transportation District Transportation Chgs $73,209.96 Cost of using the County Busses to and from school Fuel – Transportation SSAS Busses $15,000.00 Cost of fuel to run our busses and the school van Parts – Transportation SSAS Busses $12,500.00 Cost of Oil Changes, Parts and Tires for SSAS Buses Total Transportation Expense $140,709.96

17. FACILITIES EXPENSES Insurance - Facilities $130,000.00 General Liability & Facility Insurances, Non-Ad Valorem Taxes Repairs & Maintenance - Facilities $60,000.00 Contract Custodians, Outside Repair Persons Rental - Facilities $15,000.00 Rental of Auditoriums and Storage Space Telephone $14,000.00 Verizon Telephone and Cellphone Cost Utilities $27,500.00 Water, Recycling and DSL Electric $75,000.00 Electric Custodial Supplies $18,500.00 Improvements - Grounds $5,000.00 Plant Maintenance -Contracts $45,000.00 Pest control, security alarms, AC, plumbing, & Cully Total Facilities Expense $390,000.00

18. CAPITAL EXPENSE Leased Capital Outlay $85,000.00 Leased to Purchase Equipment, copier, computers, bus Interest on Debt Services $713,362.56 Mortgage Interest Repayment of Loan - Mortgage $120,000.00 Mortgage Principal Payment of Replacement Reserve $60,000.00 Mortgage - payment to replacement account Remodeling & Renovation $250,000.00 Capital Improvement to Campus Furniture & Equipment/Basic - Cap $67,500.00 Computer Hardware - Capital $25,000.00 Computer Software - Capital $20,000.00 Total Capital Expenditures $1,340,862.56

19. Potential Additional Revenue Resources  PTSS  Grants  “A” School Money  Celebration  Fundraising

20. To Sum Up Final Totals Total Revenue $5,761,181.52 Total Expenses $6,094,502.00 Deficit -$333,320.50

21. Now it’s your turn…  We must have a balanced budget.  In your table groups, please brainstorm ways to “cut” the deficit.  Prioritize your list with the items that you want cut first listed first.  Transcribe to your chart paper.