FY 06/07 2 nd Interim March 27, 2007

Changes from 1 st Interim to 2 nd Interim UnrestrictedRestrictedCombined Revenues 1 st Interim New Revisions/Amendments 2 nd Interim Projected Year Totals 61,520, (56,680) 61,463,985 19,708,717 1,902, ,134 21,717,105 81,228,867 1,902,769 49,454 83,181,090 Expenditures 1 st Interim New Revisions/Amendments Net Adjustments 2 nd Interim Projected Year Totals 55,169,447 - (177,797) 54,991,650 27,592,828 1,902, ,134 22,265 29,623,481 82,762,275 1,902, ,134 (155,532) 84,615,131

Changes from 1 st Interim to 2 nd Interim Year Totals UnrestrictedRestrictedCombined Other Sources/(Uses) 1 st Interim Budget Revisions 2 nd Interim Projected Year Totals (6,184,725) (31,277) (6,216,002) 6,039,840 22,266 6,062,106 (144,885) (9,011) (153,896) Net Increase (Decrease) in Fund Balance Beginning Balance Ending Balance 256,333 2,533,757 2,790,090 (1,844,271) 1,844,271 - (1,587,938) 4,378,028 2,790,090

Components of Fund Balance UnrestrictedRestrictedCombined Ending Fund Balance Revolving Cash For Economic Uncertainties Other Designations Available Unrestricted Reserve 2,790,090 50,000 2,582, ,000 (722,141) ,790,090 50,000 2,582, ,000 (722,141)

Multi-Year Projections Categories MAJOR ASSUMPTIONS Enrollment and ADA District Enrollment (CBEDS)9,9129,7599,535 District ADA – Projected9,4169,3359,116 District ADA – Funded9,4769,4169,335 Revenue Revenue Limit & Other State COLA5.92%4.04%2.70% Revenue Limit Deficits0% Equalization Aid Per ADA$84.59$0 Net Change in Revenue Limit$2.46M$1.77M$0.98M Net Percent Change in Revenue Limit4.8%3.3%1.76% Mandate Reimbursement$1.56M--

Multi-Year Projections Categories MAJOR ASSUMPTIONS Expenditures Step and Column Salary Increases$0.83M FY05/06 Negotiated Salary Increase$5.1M$2.5M Special Education Encroachment$0.96M$0.35M$0.5M CPI3.2%2.6%2.4% Indirect Cost Rate2.93% Spending Reductions and Reallocations$0.8M$1.4M- Fund Balance Mandate Reimbursement Set Aside-1.08M

Multi-Year Projections Categories REVENUES Revenue Limit Sources53,743,60555,517,71756,496,171 Federal Revenues6,365,7716,275,471 Other State Revenues13,954,12812,022,53612,308,629 Other Local Income9,117,5869,074,496 Total Revenues83,181,09082,890,22084,154,767 EXPENDITURES Salaries & Benefits67,813,19465,288,05066,021,363 Books/Supplies & Outlay5,148,3503,542,1233,626,836 Services & Operating Expenses10,589,7079,887,71610,399,280 Other Outgo & Transfers1,943,880 Total Expenditures85,495,13180,661,77081,991,359 Other Sources (Uses)(153,896)(514,249) Net Inc/Dec in Fund Balance(2,467,938)1,714,2011,649,159 BEGINNING BALANCE4,378,0281,910,0913,624,292 ENDING BALANCE1,910,0913,624,2925,273,451

Components of Fund Balance FY06/07 Projection FY07/08 Projection FY08/09 Projection Ending Fund Balance Revolving Cash For Economic Uncertainties For Other Designations Available Unrestricted Reserve 1,910,091 50,000 2,582,231 - (722,141) 3,624,292 50,000 2,437,231 1,080,000 57,061 5,273,451 50,000 2,477,118 1,080,000 1,666,332

Outstanding Issues that Could Impact the Budget Negotiations P2 Average Daily Attendance

Food and Nutrition Services Multi-Year Projections Categories MAJOR ASSUMPTIONS Lunch Reimbursement Rates Federal Free Reduced Paid State – Free & Reduced Only Commodities Dollars Full Lunches Served - 517,376 87K 561, K 589,595 Capital Improvements-60K220K

Food and Nutrition Services Multi-Year Projections Categories REVENUES Federal Revenues1,147,2371,201,8601,256,953 Other State Revenues85,11088,49592,920 Other Local Income666,181739,700823,670 Total Revenues1,898,5282,030,0552,173,543 EXPENDITURES Salaries & Benefits1,140,6101,161,3061,178,726 Food and Supplies737,305723,999 Services & Operating Expenses16,87620,000 Capital Outlay23,42860,000220,000 Other Outgo & Transfers54,68155,82556,336 Total Expenditures1,972,9002,021,1302,199,061 Other Sources (Uses)134,322-- Net Inc/Dec in Fund Balance59,9508,925-25,518 BEGINNING BALANCE37,83697,786106,711 ENDING BALANCE97,786106,71181,193