Cedar Grove – Belgium Area School District Annual Meeting October 26, 2015

Analysis of Historical Revenue AuditedBudget State Equalization Aid 5,218,016 5,823,013 5,658,513 5,761,508 5,899,477 Other State Aid 573, , , , ,117 Property Tax 4,146,376 4,798,221 5,039,944 5,033,682 4,533,609 Federal Aid 376, , , , ,535 Other Revenue 444, , , , ,107 TOTAL 10,759,841 11,733,109 11,914,333 12,223,868 11,977,845

Analysis of Historical Expenses AuditedBudget Salaries 6,274,884 6,172,852 6,170,491 6,172,067 6,395,998 Fringes 2,030,817 2,095,878 2,004,029 2,090,528 2,156,564 Services(Utilities/Transportation) 1,510,398 1,582,809 1,946,737 1,872,965 2,237,137 Supplies 358, , , , ,732 Capital Projects 319, , , , ,450 Other 1,027,711 1,139,471 1,613,403 1,456,508 1,171,232 TOTAL 11,521,283 11,635,832 12,930,637 12,495,353 13,451,113

Analysis of Fund Balance Changes Most accounting firms recommend a fund balance of anywhere between 20% and 30%. CGBSD’s is currently 30.01% and expected to finish the year at 20.41%. AuditedBudget Fund Balance 2,836,390 3,615,870 3,298,438 3,750,222 3,000,224

Analysis of Tax Levy Changes AuditedBudget Fund 10 4,146,376 4,798,221 5,039,944 5,033,682 4,533,609 Fund , ,500 Fund 39 1,126, , , , ,030 Fund , ,000 TOTAL 5,538,607 5,299,962 5,405,962 5,568,141 5,568,139

Analysis of Equalized Property Value in the District Equalized Value in the District 597,476, ,490, ,524, ,847, ,761,526