2. Jul 1, '11 - April 18, 2012 Total 2011- 2012 Budget Variance % of Budget Income Box Tops for Education2,7771,5001,27785% Directory revenue, net of expenses173250-77-31% Innisbrook, net of cost12,56111,8507116% Interest Income1950-31-62% Kemps Give em five714200514257% Kwik Trip Revenue0300-300-100% Pahls/Winum Market0300-300-100% Spring Picnic2,000 00% Sweatshirt/t-shirt sales, net of costs5720 0% Target Revenue2,658 00% Butterbraids3,3523,500-148100% Yearbook Sales, net of cost-1,0640 0% Total Income23,76222,6081,1545%

3. Expenses Jul 1, '11 - April 13, 2012 Total 2011- 2012 Budget Variance% of Budget Bulldog Bulletin/Calendar Handbook1,4991,50010% Fifth grade Fifth grade party-500500% Nickeldeon Universe01,200 100% Skating Party400 00% Total Fifth grade3501,6001,25078% Fine arts Art Adventure926500-426-85% Lyceum01,500 100% Turkey Bingo3013000% Total Fine arts1,2272,3001,07347% Geography Bee151150-1% Hospitality/workshops/open hous4095009118% MCA testing snacks - 3rd to 5th3835031289% Miscellaneous & Bank Charges13625011446% Other grades 3rd Grade MN History Center0200 100% 4th Grade Bus200 00% First grade Books15450034669% Track & Field30050020040% Total Other grades6541,40074653% Playground516400-116-29% Scholarships01,000 100% School Support12,65810,000-2,658-27% Technology3,347 00% Total Expense20,98522,7971,8128% Net Income2,777-189-2,966-1569% Beginning Cash Balance29,298 Ending Cash Balance32,07529,1092,96610%

4.  Box tops program is sustainable at 2012 level  Directory, Yearbook and T-shirt sales break even  Innisbrook will remain at 2012 level  Spring Carnival contributions will increase to $3K  Butterbraids revenue pays for technology - $3.5K  Target revenue (about $2K-$3K) will go to the school. Reduced reliance on PTO to $10K per year.  No assumptions about other types of fundraisers ◦ Read a Thon? ◦ Give to the Max Day?  Most other expenses kept at 2012 levels

8. 2007- 2008 Actual 2008- 2009 Actual 2009- 2010 Actual 2010- 2011 Actual Total 2011-2012 Forecast 2012-2013 Proposed Budget Income Box Tops for Education1,01903,1456152,7772,500 Directory revenue, net of expense263353294214173200 Innisbrook, net of cost19,66615,65315,78713,47112,56112,500 Interest Income3522464420925 Kemps Give em five254271166234714500 Kwik Trip Revenue0119017200 Other Income1,156712747000 Pahls/Winum Market427328367487300 Spring Carnival - Net Profit02,50026402,0003,000 Sweatshirt/t-shirt Sales, net of cost-349497-1,15720900 Target Revenue3,321324002,6580 Butterbraids0003,7003,3523,400 Yearbook Sales, net of costs345-180-941-99100 Total Income26,45420,82318,71718,32124,56022,425

9. Expenses 2007- 2008 Actual 2008- 2009 Actual 2009- 2010 Actual 2010- 2011 Actual Total 2011- 2012 Forecast 2012-2013 Proposed Budget Calendar Handbook6001,200 1,4791,500 Fifth grade Fifth grade party0300 49-500 Nickeldeon Universe1,200 Skating Party567167400 Total Fifth grade1,7671,6671,9001,6491,5501,600 Fine arts Art Adventure139-1,600132926500 Lyceum1,250 1,7971,500 Turkey Bingo350576418265301300 Total Fine arts1,7392261,8002,9882,3012,300 Geography Bee11014071151 150 Hospitality/workshops/open hous563738495463750 MCA testing snacks - 3rd to 5th249330214177350 Bank fees and Miscellaneous147140330624135150 Other grades Track & Field3001,170998867300 DARE & Bullying/Kindness1,9902,000102 3rd Grade MN History Center200 250200 4th Grade Bus200 First grade Books48952163862154500 Total Other grades3,1794,0911,6132,1288541,200 Playground399703870516400 Scholarships1,000 School Support13,000 33,00012,65810,000 Technology8,60913,8543006693,3473,400 Total Expense31,36136,45522,31044,32925,11222,800 Net Surplus/(Deficit)-4,907 -15,632 -3,594 -26,008 -552 -375 Beginning Cash Balance79,43974,53358,90055,30729,29828,746 Ending Cash Balance74,53358,90055,30729,29828,74628,371