Unaudited Actuals Financial Report Fiscal Year 2016-17 September 7, 2017 Presented by Susana Lopez, Assistant Superintendent, Business Services

Overview 2 Final statement of revenues and expenditures for 2016-17. Subject to Annual Audit conducted in the fall Annual report filed with the State, outlining revenues, expenditures and final ending balances for all district funds. 2017-18 Adopted Budget beginning fund balances are updated to reflect prior year ending fund balances. 2

Unrestricted General Fund – Revenues Unaudited Actuals LCFF Sources $182,230,158 Federal Revenues $76,962 Other State Revenues $7,553,161 Other Local Revenues $1,382,349 Total Revenues $191,242,630 3

Unrestricted General Fund – Revenues 4

Unrestricted General Fund – Expenditures Unaudited Actuals Certificated Salaries $88,771,277 Classified Salaries $17,940,114 Employee Benefits $37,698,507 Books & Supplies $3,421,969 Services & Other Operating Expenses $15,010,763 Capital Outlay $56,953 Other Outgo $633,793 Direct/Indirect Costs ($2,563,739) Total Expenditures $160,969,637 5

Unrestricted General Fund – Expenditures 6

Alvord – Unrestricted General Fund Estimated to Actual Comparison Variance Revenues $191,027,773 $191,242,631 $214,858 Expenditures $160,652,795 $160,969,637 $316,842 Increases/(Decrease) $30,374,978 $30,272,994 ($101,984) Other Sources/(Uses) ($27,329,362) ($27,373,130) ($43,768) Net Increase/(Decrease) $3,045,616 $2,899,864 ($145,752) Beginning Fund Balance $10,872,073 $0 Ending Fund Balance $13,917,689 $13,771,937 Reserves – Required Min 3% $6,353,990 $6,569,330 $215,340 Remaining Fund Balance $7,548,699 $7,185,491 ($363,210)

Alvord – Restricted General Fund Estimated to Actual Comparison Variance Revenues $30,183,793 $32,111,753 $1,927,960 Expenditures $55,946,182 $56,318,768 ($372,586) Increases/(Decrease) ($25,762,389) ($24,207,015) $1,555,374 Other Sources/(Uses) $25,638,951 $25,683,882 $44,931 Net Increase/(Decrease) ($123,438) $1,476,867 $1,600,605 Beginning Fund Balance $3,473,348 $0 Ending Fund Balance $3,349,910 $4,950,216 $1,600,306

Multi-Year Projections – Unrestricted 2016-17 Actuals 2017-18 Projected 2018-19 2019-20 Total Revenues $191,242,631 $193,205,943 $198,393,050 $203,732,751 Total Expenditures ($160,969,637) ($165,531,102) ($170,347,492) ($175,630,594) Excess (Deficiency) $30,272,994 $27,674,841 $28,045,558 $28,102,157 Other Sources/(Uses) ($27,373,130) ($29,598,445) ($30,239,331) ($30,866,508) Net Increase/(Decrease) $2,899,864 ($1,923,604) ($2,193,773) ($2,764,351) Beginning Balance, July 1 $10,872,073 $13,771,937 $11,848,333 $9,654,560 Ending Balance, June 30 $6,890,209 9

Components of Ending Fund Balance Unrestricted General Fund 2016-17 Actuals 2017-18 Projected 2018-19 2019-20 Ending Balance, June 30 $13,771,937 $11,848,333 $9,654,560 $6,890,209 Revolving Cash $15,000 Economic Uncertainties 3% $6,569,330 $6,698,030 $6,928,637 $7,041,227 2015-16 Textbook Carryover $1,000,000 Total Required Reserve $7,584,330 $6,713,030 $6,943,637 $7,056,227 Reserve (Shortfall) / Surplus $6,187,607 $5,135,303 $2,710,923 ($166,018) 10

Other Funds – 2016-17 Ending Fund Balance Fund Description Estimated Actual Difference Adult Education $216,611 $202,913 ($13,698) Cafeteria $2,862,572 $3,369,273 $506,701 Deferred Maintenance $146,618 $145,150 ($1,468) Building (Bond) $110,801 $316,828 $206,027 Capital Facilities $451,655 $483,781 $32,126 County School Facilities $5,442,546 $10,194,211 $4,751,665 Special Reserve Facilities $1,007,612 $988,394 ($19,218) Capital Projects – CFD $1,154,325 $1,282,861 $128,536 Bond Interest and Redemption Fund $8,765,837 $9,567,453 $801,616 Debt Service – COP $2,056,442 $0 ($2,056,442) Self-Insurance – Workers Comp $5,687,567 ($300,487) ($5,988,054) Self-Insurance – Health & Welfare $567,154 $454,522 ($112,632) Foundation Private-Purpose Trust $39,308 $79,379 $40,071 11

Next Steps 12 Dec 2017 Board Action on 2017-18 First Interim Report Jan 2018 Release of 2018-19 Governor’s Proposed State Budget Jan 2018 Board Action on 2016-17 Annual Audit Report Mar 2018 Board Action on 2017-18 Second Interim Report May 2018 Release of 2018-19 Governor’s Budget May Revision June 2018 Public Hearing 2018-19 LCAP & Adopted Budget June 2018 Board Action on 2018-19 LCAP & Adopted Budget 12

Questions?