1. Our Financial Foundation FY 2015-2016 To provide an education and the supports, which enable each individual student to excel as a successful and responsible citizen.

2. Fund Balance Fund Balance Defined History Today

4. Numbers, Numbers Based on FY 2014-2015 Revenue per student: $7,484.80 Expenses per student: $8,027.02 204,559 X ($542.22) = ($110,915,981) Per Class Size: Grades:K-318 per class Grades: 4-822 per class Grades: 9-1225 per class

7. Fiscal Year and School Year: 2015-2016 How did we get here? How can we help? Revenue Generation Financial Correction ◦ (Practices, Oversight, Monitoring) Teamwork

8. Fiscal Year and School Year: 2015-2016 New Dollars vs. New Expenses: FEFP Revenues:$62,102,874 District Expenses:$137,494,922 Unfunded Expenses:($75,392,048)

9. Fiscal Year and School Year: 2015-2016 District Expenses:$137,494,922 Non-recurring dollars used in June 2015 payrolls:$68.5 m New Teacher Salary Schedule: $16.8 m Charter School Growth and new schools:$12.8 m McKay Scholarship Program growth$1.1 m Program Sustainability Peer-Replacement:$11.3 m Program Sustainability Mentors – district portion$6.1 m Health Insurance Increase – district portion$10 m Curriculum & Instruction expenses$5.5 m Testing & Assessment Increase expenses$3.1 m Miscellaneous Instructional expenses$2.2 m

10. Fiscal Year and School Year: 2015-2016: Options in our Tool Box: Choice School District District Level Operations Evaluation Equipment Review Materials and Supplies Return on Investment (programs Instructional & Instructional Support) Review Purchased Services Contracts (internal and external) Spending Re-alignment (Everyday Services) Travel Unit Recoupment

11. We Can Do It! It is important to understand that the mission drives the budget.

12. Fiscal Year and School Year: 2015-2016 Our Focus:3-5 Years Our Goal: Fiscal Responsibility & Financial Stewardship

13. Questions and Answers Thank you for you!