MID-YEAR REVIEW FY Budget AS OF 1/31/15 February 23, 2015

 Shows the estimated change in financial position (fund balance) resulting from the district’s operations during the fiscal year.  This information is summarized from the revenue, expenditure and other financing source information.  It projects whether the district’s financial position will improve or worsen.

LOCAL REVENUE $4,321,863 23%  Property Tax Collections = $3,731,832  Corporate Personal Property Replacement Tax  Special Education Tuition from Other Districts  Interest Investments  Rental Income

STATE REVENUE $11,936,493 63%  General State Aid = $9,717,981  Special Education Reimbursements  School Lunch/Breakfast Program  Early Childhood Block Grant

FEDERAL REVENUE $ 2,539,217 14%  NCLB GRANTS – Title I, Title II-A  Special Education IDEA Flow Thru  Special Education IDEA Pre-School  Medicaid Administrative Outreach  Medicaid Fee for Service  National School Lunch Program  National School Breakfast Program

FY 2015 ProjectedFY 2015 MID-YEAR Salaries $ 10,479,012 $ 5,493, % Employee Benefits $ 2,614,078 $ 1,361, % Purchased Services $ 3,692,546 $ 1,932, % Supplies & Materials $ 1,186,482 $ 548, % Capital Outlay $ 1,150,120 $ 169, % Other Objects $ 1,598,300 $ 677, % Non-Capitalized Equipment $ 179,100 $ 52, % Termination Benefits $ 18,800 $ 8, % Total Expenditures $ 20,918,438 $ 10,244, %

TOTAL REVENUES$ 18,797,575 TOTAL EXPENSES$ 20,918,438 REVENUES VS EXPENDITURES$ (3,196,813)

ProjectedActuals Budget as of 1/31/15 TOTAL REVENUES $18,797,575 $ 9,856, % TOTAL EXPENSES $20,918,438 $ 8,731, % * REVENUES VS EXPENDITURES $ (3,196,813) $ 1,124,610 *62% (15 of 26 pay periods) remaining salary and expenses for 9 & 10-month employees

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