1. FY 07/08 3 rd Interim May 27, 2008

2. Changes from 2nd Interim to Projected Year Totals UnrestrictedRestrictedCombined Revenues 2 nd Interim New/Revised One Time FY07/08 Projected Year Totals 62,681,596 595,060 115,383 63,392,039 22,601,435 149,356 514,741 23,265,532 85,283,031 744,416 630,124 86,657,571 Expenditures 2 nd Interim Special Education New/Revised One Time Net Adjustments FY07/08 Projected Year Totals 52,695,968 - (134,799) 52,561,169 35,703,988 301,286 151,218 514,741 (53,521) 36,617,712 88,399,956 301,286 151,218 514,741 (188,320) 89,178,881

3. Changes from 2nd Interim to Projected Year Totals UnrestrictedRestrictedCombined Other Sources/(Uses) 2 nd Interim Net Adjustments FY07/08 Projected Year Totals (7,947,306) (301,286) (8,248,592) 7,511,400 301,712 7,813,112 (435,906) 426 (435,480) Net Increase (Decrease) in Fund Balance Beginning Balance Ending Balance 2,582,278 2,074,863 4,657,141 (5,539,068) 5,539,068 - (2,956,790) 7,613,931 4,657,141

4. Components of Fund Balance UnrestrictedRestrictedCombined Ending Fund Balance Revolving Cash Legally Restricted For Economic Uncertainties Other Designation: Mandate Set Aside Other Designation: P2 ADA Available Unrestricted Reserve 4,657,141 50,000 - 2,688,722 1,080,000 - 838,419 -------------- 4,657,141 50,000 - 2,688,722 1,080,000 - 838,419

5. Multi-Year Projections Major Assumptions Categories 2006-20072007-20082008-20092009-2010 Enrollment and ADA District Enrollment (CBEDS)9,9129,9549,7999,717 District ADA – Projected P2 ADA9,5169,6079,3979,342 District ADA – Funded P2 ADA9,5169,607 9,397 Revenue Revenue Limit COLA5.92%4.53%4.94%3.00% Revenue Limit Deficits0% 6.99% Equalization Aid Per ADA$86.88--- Base Revenue Limit$5,525$5,777$5,641$5,824 Federal COLA0% Other State COLA5.92%4.53%(6.5%)3.00% Mandate Reimbursement$1.33M---

6. Multi-Year Projections Major Assumptions Categories 2006-20072007-20082008-20092009-2010 Expenditures Step and Column Salary Increases$0.83M FY05/06 Negotiated Salary Increase (4.7%)$5.1M$2.5M FY07/08 Negotiated Salary Increase (2.0%)-$0.8M$1.1M FY08/09 Negotiated Salary Increase (4.0%)--$1.9M$2.2M Special Education Contribution$4.8M$6.0M$6.8M$7.3M Growth in Special Education Contribution$1.2M $0.8M$0.50M Inflationary Increase - CPI3.4%3.2%2.7%2.5% Indirect Cost Rate2.93%2.84%3.22% Spending Reductions and Reallocations$0.8M$1.4M$1.5M$2.5M Fund Balance Mandate Reimbursement Set Aside-1.08M--

7. Multi-Year Projections Categories2006-20072007-20082008-20092009-2010 REVENUES Revenue Limit Sources53,841,71956,245,59854,939,49555,438,547 Federal Revenues5,234,6775,886,2855,875,441 Other State Revenues15,525,25614,362,71813,567,23713,925,608 Other Local Income9,967,27010,162,9709,157,516 Total Revenues84,568,92186,657,57183,539,68984,397,112 EXPENDITURES Salaries & Benefits66,452,04467,513,54669,727,12470,568,686 Books/Supplies & Outlay2,612,8907,897,8052,260,8702,161,433 Services & Operating Expenses9,384,99112,209,22011,219,30311,980,180 Other Outgo & Transfers2,251,7601,558,310 Total Expenditures80,701,68589,178,88184,765,60686,268,609 Other Sources (Uses)(579,249)(435,480)(325,480) Net Inc/Dec in Fund Balance3,287,987(2,956,790)(1,551,398)(2,196,977) BEGINNING BALANCE4,378,0287,613,9314,657,1413,105,743 ENDING BALANCE *7,666,0164,657,1413,105,743908,767 The FY07/08 Beginning Fund Balance has been adjusted by ($52,085) to transfer restricted funds to appropriate funds.

8. Components of Fund Balance FY06/07 Actuals FY07/08 Projection FY08/09 Projection FY09/10 Projection Ending Fund Balance * 7,666,0164,657,1413,105,743908,767 Revolving Cash50,000 For Economic Uncertainties2,438,4282,688,7222,556,3232,525,882 Legally Restricted Balance5,591,153--- For Other Designations Mandate Cost Reimbursement-1,080,000-- P2 ADA---- Spending Reductions---(2,517,700) Available Unrestricted Reserve(413,565)838,419499,420850,584 The FY07/08 Beginning Fund Balance has been adjusted by ($52,085) to transfer restricted funds to appropriate funds.

9. Outstanding Issues that Could Impact the Budget and MYP FY08/09 Budget Act Special Education –Transportation Other Post Employment Benefits (OPEB) Measure H Parcel Tax

10. Food and Nutrition Services Multi-Year Projections Categories 2007-20082008-20092009-2010 MAJOR ASSUMPTIONS Lunch Reimbursement Rates Federal Free 2.24 2.25 Reduced 1.84 1.85 Paid 0.25 State – Free & Reduced Only0.2195 0.2295 Commodities Dollars Meals for Needy Served 112K 414,024 120K 427,063 125K 447,210 Capital Improvements58K45K60K Stores94K60K

11. Food and Nutrition Services Multi-Year Projections Categories2007-20082008-20092009-2010 REVENUES Federal Revenues1,097,2631,044,9601,087,127 Other State Revenues100,842103,740113,163 Other Local Income631,895784,997784,712 Total Revenues1,830,0001,933,6971,985,002 EXPENDITURES Salaries & Benefits1,113,3951,142,1991,165,043 Food and Supplies696,455755,923775,000 Services & Operating Expenses30,99220,000 Capital Outlay57,54460,000 Stores(60,000) Other Outgo & Transfers59,95161,20861,992 Total Expenditures1,898,3371,979,3302,022,035 Other Sources (Uses)--- Net Inc/Dec in Fund Balance(68,337)(45,633)(37,033) BEGINNING BALANCE184,474116,13770,504 ENDING BALANCE116,13770,50433,471