1. TENTATIVE BUDGET FISCAL YEAR 2016 August 17, 2015 Dr. Crystal LeRoy Superintendent/Chief School Business Official Kenilworth School District 38 “That Youth May Advance”

2. District Funds Educations (Fund 10) Operations & Maintenance (Fund 20) Debt Services(Fund 30) Transportation (Fund 40) Municipal Retirement (Fund 50) Working Cash (Fund 70) Tort (Fund 80)

3. Budget Overview – Revenues

5. Revenues  Overall Increase – 1.60%  Flat in Federal Revenue  Flat in State Revenue  Increase in New Growth (EAV)

6. Budget Overview – Expenditures

8. Expenditures  Overall Increase – 4.62% (Excluding $3.3M for Facility Projects)  Salaries  Benefits  Supplies  Purchased Services  Capital (Facility Projects) $3.3M Estimated Facility Projects

9. FY15 Compared to FY16 Revenues by Fund 2013-14 Actuals 2014-15 Budget 2014-2015 Unaudited Actuals 2015-2016 Tentative Budget Education $9,728,430.009,869,872.0010,076,447.3010,191,090.00 Operations & Maintenance $1,487,348.001,518,939.001,603,097.511,624,932.00 Debt Service $1,038,027.00990,048.001,026,958.021,056,069.00 Transportation $32,817.0042,870.0012,454.6712,315.00 IMRF & Social Security $278,959.00271,357.00269,721.28276,872.00 Capital Projects $-0.00 Working Cash $42,603.0014,615.0080,898.3785,000.00 Tort Fund $165,197.00165,856.00137,451.58172,482.00 Fire Prevention & Life Safety $-0.00 Total Revenue - All Funds $12,773,381.0012,873,557.0013,207,028.7313,418,760.00 Expenditures by Fund 2013-14 Actuals 2014-15 Budget 2014-2015 Unaudited Actuals 2015-2016 Tentative Budget Education $9,777,845.009,840,276.009,806,168.7110,273,681.00 Operations & Maintenance $981,158.001,796,445.001,029,580.884,372,142.00 Debt Service $996,015.001,028,500.00991,808.141,021,562.00 Transportation $32,503.0052,015.0023,559.7324,738.00 IMRF & Social Security $229,789.00289,286.00237,214.75254,243.00 Capital Projects $-0.00 Working Cash $-0.00 Tort Fund $253,330.00156,676.0085,359.7989,628.00 Fire Prevention & Life Safety $-0.00 Total Expenditures - All Funds $12,270,640.0013,163,197.0012,173,692.0016,035,994.00

10. FY16 Budget Summary 2014-15 Budget 2014-2015 Unaudited Actuals 2015-2016 Tenative Budget Revenues by Source Tax Levy11,938,274.0011,943,341.4812,178,918.00 Other Local Revenue544,873.00933,382.04895,342.00 State Revenue304,445.00238,193.20239,500.00 Federal Revenue85,965.0092,112.01105,000.00 Other Financial Sources0.00 Total revenues - All Funds12,873,557.0013,207,028.7313,418,760.00 2014-15 Budget 2014-2015 Unaudited Actuals 2015-2016 Tenative Budget Expenditures by Object Salaries7,407,791.007,288,548.007,515,233.00 Benefits1,325,327.001,400,474.031,463,060.00 Purchased Services1,294,940.001,200,763.901,937,127.00 Supplies687,998.00642,083.79642,864.00 Capital Outlay1,175,825.00414,273.233,434,544.00 Other Expenses1,271,316.001,227,549.051,043,166.00 Total Expenditures - All Funds13,163,197.0012,173,692.0016,035,994.00 Excess or (Deficit) Revenues-289,640.001,033,336.73-2,617,234.00 Over Expenditures Fund Balance As of July 1st14,751,934.0014,462,294.0016,577,793.49 Budgeted Fund Balance - June 30th14,462,294.0015,495,630.7313,960,559.49

11. Approval Of Tentative Budget – August 17 th Publish Notice Of Public Hearing – August 21 st Budget On Public Display For 30 Days Public Hearing And Final Budget Adoption Filing Deadline for FY16 Budget –September 30 th Levy Estimate – November 16 th Kenilworth School District 38 “That Youth May Advance”