North Mac CUSD # Budget Presented to the Board of Education August 26, 2015

 North Mac uses Cash Basis Accounting: Revenues and expenditures are recognized at the time cash is received or disbursed  Beginning fund balances as of 7/1/2015 have been finalized by the district auditors Budget School Funding Basics

 Public School Budgets are estimates of revenues and expenditures.  Unanticipated personnel costs will impact expenditures  State and local revenue delays will affect cash flow and budget revenue streams  Changes in personnel or student needs will impact expenditures Budget School Funding Basics

 General state aid is prorated at 8% or $432,888  Transportation is unknown and is largest potential variation in budget  The state currently owes the district $74,000 from FY15 Budget State Funding

 FY16 budget reflects an increase in EAV of approximately 1.47%  FY16 budget contains corporate personal property replacement tax dollars in the Education $170,000 and IMRF funds $15,000 Budget Local Tax Revenues

 Projected Federal revenues are $1,115,100 from various programs including  Title I  Title II  I.D.E.A.(Special Education)  Medicaid  School Meals Program Budget Federal Revenues

 Education Fund is deficit ($111,149)  Operations & Maintenance Fund will increase $31,752  The Transportation Fund will increase $2,586*  Health insurance renewal rates are not yet available *dependent upon final state budget and timeliness of payments Budget General

 State Defined “Operating” Funds  Education Fund  Operations & Maintenance  Transportation Fund  Working Cash Fund These funds are used in the formula to determine the financial profile of a school district Budget Summary Detail “Operating” Funds

North Mac Financial Profile Score  June 30, Review  June 30, Watch  June 30, Review  June 30, Recognition  June 30, Recognition (est.)

Daily Operating Costs Average Operating Cost per day: $33,106 Days of Cash on Hand: Average Operating Cost per day: $41,536 Days of Cash on Hand: Average Operating Cost per day: $37,698 Days of Cash on Hand: Average Operating Cost per day: $33,825 Days of Cash on Hand: 120

Revenue Detail

Local Sources: Tax Revenues from Levy Corporate Personal Property Replacement Tax Food Service Revenues Local and School Fees Interest State Sources: General State Aid Grant Revenues Mandated Categoricals (Special Ed/Transportation) Federal Sources: Title Funding Medicaid I.D.E.A. (Special Education) Grant Revenues Revenue Sources

Revenue % Breakdowns Local $6,734,44347% State $6,427,80045% Federal $1,115,1008% Total $14,282,343100%

Revenue History FY2011FY2012FY2013FY2014FY2015FY2016 % Change FY15 to FY16 Local 6,566,8045,768,1886,236,3026,671,0146,465,8066,739, State8,209,5907,693,06827,370,7627,243,6856,511,0076,427, Federal1, ,036,4561,053,7631,099,0471,090,0001,115, ,431,47614,497,71214,660,82715, ,066,81314,282,

Expenditure Detail

 ISBE classifies expenditures using the following categories: Salaries Benefits Purchased Services Supplies Capital Outlay Other (Includes Dues/Fees, Tuition and Debt Principal/Interest) Expenditure Overview

Education Fund Expenditures Salaries$5,579, % Benefits$1,468, % Purchased Services$284, % Supplies$787, % Cap Outlay$86, % SASED$2,479, % TOTAL$10,686,392

Operations & Maintenance Fund Expenditures Salaries$434, % Benefits$102, % Purchased Services$219, % Supplies$360, % Capital Outlay$10, % Other/Tuition$00.00% TOTAL$1,126,025

Transportation Expenditures Salaries$572, % Benefits$65, % Purch Serv$33, % Supplies$146, % Cap Outlay$00.00% Other/Tuition$75, % TOTAL$893,965

Budgeted Revenues $10,575,243 Budgeted Expenditures ($10,686,392) Surplus/(Deficit) ($ 111,149) Audit Fund Balance 7/1/15 $3,399,249 Est. Fund Balance 6/30/16 $3,288,100 Budget Summary Detail Education Fund

Budgeted Revenues $1,157,777 Budgeted Expenditures ($1,126,025) Surplus/(Deficit) $ 31,752 Audit Fund Balance 7/1/15 $ 68,601 Est. Fund Balance 6/30/16 $ 100,353 Budget Summary Detail Operations & Maintenance Fund

Budgeted Revenues $896,551 Budgeted Expenditures ($893,965) Surplus/(Deficit) $ 2,586 Audit Fund Balance 7/1/15 $ 84,594 Est. Fund Balance 6/30/16 $ 87,180 Budget Summary Detail Transportation Fund

Budgeted Revenues$59,486 Budgeted Expenditures (0) Surplus/(Deficit) $59,486 Audit Fund Balance 7/1/15$282,042 Est. Fund Balance 6/30/14$341,528 Budget Summary Detail Working Cash Fund

Budgeted Revenues $499,646 Budgeted Expenditures ($500,600) Surplus/(Deficit) ($954) Audit Fund Balance 7/1/15 $77,206 Est. Fund Balance 6/30/16 $76,252 Budget Summary Detail Bond & Interest Fund

Budgeted Revenues $503,435 Budgeted Expenditure ($517,784) Surplus/(Deficit) ($ 14,349) Audit Fund Balance 7/1/15 $ 183,571 Est. Fund Balance 6/30/16 $ 169,222 Budget Summary Detail IMRF/Social Security Fund

Budgeted Revenues $59,400 Budgeted Expenditures ($89,150) Surplus/(Deficit) ($29,750) Audit Fund Balance 7/1/15 $165,692 Est. Fund Balance 6/30/16 $135,942 Budget Summary Detail Life Safety Fund

Budgeted Revenues $530,805 Budgeted Expenditure ($382,268) Surplus/(Deficit) $148,537 Audit Fund Balance 7/1/15 $229,951 Est. Fund Balance 6/30/16 $378,488 Budget Summary Detail Tort Liability Fund

FY 16 Budget Summary RevenuesExpendituresSurplus/(Deficit)7/1/15 balance6/30/16 balance Education 10,575,24310,686,392(111,149)3,399,2493,288,100 Operations & Maintenance 1,157,7771,126,02531,57268,601100,353 Bond & Interest 499,646500,600(954)77,20676,252 Transportation 896,551893,9652,58684,59487,180 IMRF/ SS 503,435517,784(14,349)183,571169,222 Capital Projects Working Cash 59, ,042341,528 Tort 530,805382,268148,537229,951378,488 Fire Prevention & Safety 59,40089,150(29,750)165,692135,942 Total 14,282,34314,196,18486,1594,490,9064,577,065