2013 2014 Unaudited Actuals September 9 2014 Anna

2013 -2014 Unaudited Actuals September 9, 2014 Anna Pimentel Director, Fiscal Services Ken Forrest Chief Business Officer 1

General Fund 2

General Fund – Ending Fund Balance 3

FY 14 – Major Changes • Change in funding formula from revenue limit to Local Control Funding Formula – 5. 40% – Buys down deficit over time – $3. 46 million categorical funds rolled into formula – 24 categorical funding streams – Programs maintained moving forward – Instructional Materials, Deferred Maintenance, Home-to-School and Special Education transportation, Class size reduction • Common Core State Standards - $1. 098 million • California Clean Energy Jobs Act - $130, 000 4

Contributing Factors to Increased Fund Balance • Instructional Materials budgeted but unspent - $1. 2 million • Roofing Projects transfer to Deferred Maintenance Fund - $579, 820 • Lower costs: – Certificated Salaries - $149, 000 – Utilities - $89, 104 – Legal fees – $33, 704 – Consultants - $77, 516 – Other Services - $160, 123 5

Other Funds • Cafeteria Fund – Reduction of $28, 858 due to increased food costs, administrative FTE and reduced a la carte sales at secondary • Deferred Maintenance, Building Fund and Construction Fund – major maintenance included re-roofing projects at Cambridge and Vanden High School 6

Other Funds (Continued) • Other Post Employment Benefits Fund – minimal activity. Will need to provide for contributions in near future per GASB 45 actuarial report. • Capital Facilities Fund – minimal activity. This fund provided cash flow support in prior years. The library project, funded by developer fees, is the primary activity in this fund. 7

Other Funds (continued) • Special Reserve for Capital Outlay Projects – minimal activity. Future Scandia Elementary modernization project/activity will be maintained in this fund. • Community Facility District Funds – CFD#2 saw increased housing permit activity of $1. 134 M in addition to Mello Roos taxes. CFD #1 activity limited to Mello Roos taxes. 8

Other Funds (Continued) • Scholarship Fund – Multiple scholarships were awarded this school year. • Pupil Transportation Equipment Fund – Purchased 5 new buses with Bay Area Air Quality Management Grant. 9