1. Madison School District Extracurricular Tax Credits Governing Board Meeting 09/06/2011

2. Tax Credit Contributions For Each Dollar Contributed (up to $200/$400), Donor Receives an Equal Credit Against Their Tax Liability For Each Dollar Contributed (up to $200/$400), Donor Receives an Equal Credit Against Their Tax Liability Tax Credit Contributions Can Be Used to Offset Any Extracurricular Fee (including the Student Activity Fee) Tax Credit Contributions Can Be Used to Offset Any Extracurricular Fee (including the Student Activity Fee)

3. Tax Credit Uses Extracurricular Activities Any optional, noncredit, educational or recreational activity which supplements the education program of the school, whether offered before, during or after regular school hours Character Education Programs

4. Current State of Extracurricular Tax Credits

5. 2010/11 Revenue District Total - $ 413,764

6. Revenue Categories Donors Designated 22 Categories Donors Designated 22 Categories Top Categories (>2% of total revenue) Top Categories (>2% of total revenue) General$ 241,907 General$ 241,907 5 th Grade$ 36,375 5 th Grade$ 36,375 6 th Grade$ 9,975 6 th Grade$ 9,975 Athletics$ 37,816 Athletics$ 37,816 REACH/Gifted$ 18,978 REACH/Gifted$ 18,978 Field Trips$ 16,601 Field Trips$ 16,601 Odyssey of the Mind$ 30,982 Odyssey of the Mind$ 30,982

7. 2010/11 Expenditures District Total - $ 388,418

8. Expenditure Categories Top Categories (>2% of total expenditures ) Top Categories (>2% of total expenditures ) 5 th Grade$ 38,892 5 th Grade$ 38,892 6 th Grade$ 8,928 6 th Grade$ 8,928 Athletics$ 74,044 Athletics$ 74,044 After-Cool Fitness$ 57,320 After-Cool Fitness$ 57,320 REACH/Gifted$ 16, 794 REACH/Gifted$ 16, 794 Fine Arts$ 29,352 Fine Arts$ 29,352 Assemblies$ 9,132 Assemblies$ 9,132 Field Trips$ 51,635 Field Trips$ 51,635 Odyssey of the Mind$ 31,031 Odyssey of the Mind$ 31,031 Extended Learning Time$ 21,714 Extended Learning Time$ 21,714

9. Cash Balances Madison #1 CamelviewSimis Rose Lane Cash 07/01/10 $ 5,951 $ 44, 689 $ 40,057 $ 27,280 Revenues 69,030 69,030 15,661 15,661 85,205 85,205 41,962 41,962 Expenditures 53,112 53,112 2,418 2,418 80,747 80,747 55,462 55,462 Cash 06/30/11 $ 20,869 $ 57,932 $ 57,932 $ 44,515 $ 13,780 Increase /(Decrease) $14,918 $ 13,244 $ 4,458 ($ 13,500)

10. Cash Balances ParkMeadowsHeightsMTA Cash 07/01/10 ($ 3,438) $ 19,634 $ 79,954 $ 41,303 Revenues 42,626 42,626 106,769 106,769 24,910 24,910 28,600 28,600 Expenditures 24,702 24,702 100,621 100,621 25,977 25,977 45,378 45,378 Cash 06/30/11 $ 14,486 $ 25,782 $ 25,782 $ 78,887 $ 24,524 Increase /(Decrease) $ 17,924 $ 6,148 $ 6,148 ($ 1,067) ($ 16,778)

11. Student Activity Fee Procedures Inconsistency in Collection of $50 Fee Inconsistency in Collection of $50 Fee Some schools request fee Some schools request fee Some track donors; some do not Some track donors; some do not Some schools with greater collection not asking Some schools with greater collection not asking

12. Next Steps Consistency in Requesting $50 Fee Consistency in Requesting $50 Fee Standard Letter Standard Letter Schools Schools Track Payment of Extracurricular Tax Credits Track Payment of Extracurricular Tax Credits Can be used to off-set extracurricular fees (including student activity fee, athletic fee, etc.) Can be used to off-set extracurricular fees (including student activity fee, athletic fee, etc.) Reminder Letters Reminder Letters

13. You Will Be Amazed!