Integrity. Commitment. Performance.™ PMA Financial Planning Program Presented by Michael Frances | Senior Financial Advisor PMA Financial Network, Inc. January 26, 2011 Wheaton Warrenville CUSD 200

Integrity. Commitment. Performance.™ 2 Data & Assumptions provided by District PMA Financial Planning Program| Wheaton Warrenville CUSD 200 Operating Funds Revenue Budget – $145,057,505 Operating Funds: Educational, Operations & Maintenance, Transportation, IMRF, and Working Cash Funds

Integrity. Commitment. Performance.™ 3 Data & Assumptions provided by District PMA Financial Planning Program| Wheaton Warrenville CUSD 200 Revenue Assumptions – Property Taxes

Integrity. Commitment. Performance.™ 4 Data & Assumptions provided by District PMA Financial Planning Program| Wheaton Warrenville CUSD 200 Revenue Assumptions – Property Taxes

Integrity. Commitment. Performance.™ 5 Data & Assumptions provided by District PMA Financial Planning Program| Wheaton Warrenville CUSD 200 Revenue Assumptions – Other Local Revenue CPPRT: –Projected at $1.93 million annually (between current budget of $1.73 million and DOR current estimate of $2.14 million) Investment Income: –FY12: 0.25% rate of return with 0.25% annual increases All other local revenues: –Projected at current FY11 budget

Integrity. Commitment. Performance.™ 6 Data & Assumptions provided by District PMA Financial Planning Program| Wheaton Warrenville CUSD 200 Revenue Assumptions – State & Federal State Revenue –General State Aid (GSA) Factor of enrollment - Average Daily Attendance (ADA) Foundation Level – currently $6,119 –$0 increase projected for FY12 & FY13 –$100 annual increase projected for FY14 – FY16 Remain in Alternate Formula Funding –Other State Categorical Grants 10% projected decrease over current FY11 budget Federal Revenue –Reduction in FY12 due to loss of ARRA stimulus ($2.48 million) –Other Federal: no increase over current FY11 budget

Integrity. Commitment. Performance.™ 7 Data & Assumptions provided by District PMA Financial Planning Program| Wheaton Warrenville CUSD 200

Integrity. Commitment. Performance.™ 8 Data & Assumptions provided by District PMA Financial Planning Program| Wheaton Warrenville CUSD 200 Revenue – Sensitivity Tax Levy: –CPI 1%  = +/- $1.2 million –New Property: $1 million  = +/- $35,000 General State Aid –$100 Foundation Level  = +/- $117,000 –$220  = district returns to foundation level formula funding for FY12

Integrity. Commitment. Performance.™ 9 Data & Assumptions provided by District PMA Financial Planning Program| Wheaton Warrenville CUSD 200 Operating Funds Expense Budget – $145,057,200 Operating Funds: Educational, Operations & Maintenance, Transportation, IMRF, and Working Cash Funds

Integrity. Commitment. Performance.™ 10 Data & Assumptions provided by District PMA Financial Planning Program| Wheaton Warrenville CUSD 200 Expenditure Assumptions Salaries –Teachers FY12: 1% increase, plus lane movement (est. $650,000) FY13-16: 2.5% annual increases, plus lane movement ($650,000) –Support Staff FY12-16: 2.75% (annual step increases) –Administration FY12: 1% increase FY13-16: 2.5% annual increases

Integrity. Commitment. Performance.™ 11 Data & Assumptions provided by District PMA Financial Planning Program| Wheaton Warrenville CUSD 200 Expenditure Assumptions - Other Health & Dental Benefits –FY12-16: 7% annual increases Purchased Services, Supplies, Capital Outlay, Tuition –FY12-16: 2.5% annual increases

Integrity. Commitment. Performance.™ 12 Data & Assumptions provided by District PMA Financial Planning Program| Wheaton Warrenville CUSD 200 Staffing Assumptions Excluding administration

Integrity. Commitment. Performance.™ 13 Data & Assumptions provided by District PMA Financial Planning Program| Wheaton Warrenville CUSD 200 Additional Assumptions No legislative changes in school funding No change to PTELL (Tax Cap) Includes known retirements in future years (27 in FY11, 17 in FY12, 35 in FY13, & 30 in FY14) with replacement teachers hired in at the BA+24 Lane Step 1 Current FY11 Budget is accurate basis for projections

Integrity. Commitment. Performance.™ 14 Data & Assumptions provided by District PMA Financial Planning Program| Wheaton Warrenville CUSD 200 Projected Revenues vs. Expenditures - Aggregate Operating Funds: Educational, Operations & Maintenance, Transportation, IMRF, and Working Cash Funds

Integrity. Commitment. Performance.™ 15 Data & Assumptions provided by District PMA Financial Planning Program| Wheaton Warrenville CUSD 200 Historical / Projected Fund Balances

Integrity. Commitment. Performance.™ 16 Data & Assumptions provided by District PMA Financial Planning Program| Wheaton Warrenville CUSD 200 ISBE Financial Profile