1. 2013-2014 Year Review of Major Financial Funds Mount Vernon Community School District

2. Nutrition Fund The Nutrition provides school meals to students. 2013-2014 total revenues were $634,961 2013-2014 total expenditures were $614,775 Nutrition guidelines changes continue Net cash balance at June 30, 2014 was $239,341.19

3. Day Care Funds The Day Care program provides before and after school day care, early childhood day care, and summer day care 2013-2014 total revenues were $213,615 2013-2014 total expenditures were $201,368 Net cash at June 30, 2014 was $12,832.54

4. Management Fund The Management Fund pays the districts liability insurance and any teacher early retirement payments 2013-2014 Total Revenues were $400,638 Total Expenditures $285,095 including $266,048 insurance and $19,047 for early retirement plans Net cash balance at June 30, 2014 was $167,758.65

5. Activity Fund The Activity Fund pays for student activities in fine arts, athletics, and clubs 2013-2014 Total Receipts were $397,990 2013-2014 Total Expenditures were $396,980 Net cash balance at June 30, 2014 was $101,575.01

6. Capital Projects Fund Pays for technology expenditures, and construction debt repayment through sales tax receipts 2013-2014 Total Revenue was $926,228 2013-2014 Total Expenditures were $876,909 including $170,322 in technology, $706,587 debt repayment Net cash at June 30, 2014 was $20,227.39

7. Physical Plant & Equipment Levy The PPEL Fund pays for transportation vehicles, building and grounds maintenance, and construction costs 2013-2014 Total Revenues were $453,279 2013-2014 Total Expenditures were $426,104 Net cash at June 30, 2014 was $266,019

8. Debt Service Fund The debt service fund pays debt incurred for construction projects 2013-2014 Total Revenue was $1,416,952 2013-2014 Total Expenditures were $6,837,432 Net cash at June 30, 2014 was $498,086

9. Debt Service Fund Construction Debt outstanding as of June 30, 2014 $5,560,000 from high school construction payable through 2024 from property tax $7,330,000 from elementary and middle school projects payable through 2030 from sales tax receipts $135,000 high school constr energy loan payable through 2016 from sales tax receipts

10. General Fund The General Fund pays for school operations not covered by another fund 2013-2014 Total Revenues were $12,041,510 2013-2014 Total Expenditures were $12,399,701 Net cash at June 30, 2013 was $1,543,001 and decreased to $1,184,810 at June 30, 2014