Jefferson School District 2009 10 Unaudited Actuals September

Jefferson School District 2009 -10 Unaudited Actuals September 14, 2010

2009 -10 Summary n Looked for opportunities to reduce expenses wherever possible; n Spent conservatively across all departments; n Goal continues to be to protect student programs and preserve jobs; n At 2 nd Interim, we estimated the 2009 -10 Unrestricted Ending Balance to be $6. 5 M n We acknowledged at that time it could be higher

2009 -10 Summary (continued) n This increase in fund balance was strategic n Made use of Tier III flexibility to sweep funds from now unrestricted resources into Resource 0000 n Reviewed positions to strategically use categorical funds when appropriate to conserve unrestricted general funds

2009 -10 Ending Balance n Unaudited unrestricted ending balance is $7. 4 M n Unaudited restricted ending balance is $943 K

Ending Balance History CHANGE IN FUND BALANCE Unrestricted Restricted Total 2004 -05 $2, 630, 209 $415, 707 $3, 045, 916 2005 -06 $3, 796, 862 $603, 324 $4, 400, 186 2006 -07 $3, 978, 679 $1, 262, 328 $5, 241, 007 2007 -08 $5, 131, 701 $1, 257, 724 $6, 389, 425 2008 -09 $6, 356, 994 $1, 667, 360 $8, 024, 354 2009 -10 (unaudited) $7, 372, 209 $942, 890 $8, 315, 099

Ending Balance History

Expenses – Budget vs. Actual EXPENDITURES 2009 -10 Percent Original Budget Ending Budget Change Certificated Salaries $8, 485, 370. 00 $8, 310, 955. 00 -2. 06% Classified Salaries $2, 227, 081. 00 $2, 191, 805. 00 -1. 58% Employee Benefits $3, 121, 498. 00 $2, 994, 656. 00 -4. 06% Books & Supplies $1, 088, 690. 00 $693, 260. 00 -36. 32% Services & Operating Expenses $2, 249, 669. 00 $1, 594, 068. 00 -29. 14% $63, 000. 00 $0. 00 -100. 00% Other Outgo $133, 600. 00 $156, 707. 00 17. 30% Transfers Out (to other funds) $111, 509. 00 $655, 844. 00 488. 15% $17, 480, 417. 00 $16, 597, 295. 00 -5. 05% Capital Outlay Total

Multi-Year Projection n Incorporating the now ‘known’ 2009 -10 ending balance, our ending balance projections through 12 -13 look like this n This is before designations off the unrestricted ending fund balance

Unrestricted Ending Fund Balance (Before Designations) n n n 10 -11 includes reduction in expenses of $450 K for new federal stimulus funds. 11 -12 includes increase in expenses of $450 K since federal stimulus funds are one time. Before designations.

Designations n Prior slide is unrestricted ending fund balance BEFORE designations: $ 497, 919 3% Economic Uncertainty reserve n $ 500, 000 Board Designated reserve n $ 130, 462 Mandated Costs reserve n $ 504, 279 Unrestricted Lottery reserve n$ 8, 206 Board Designated projects reserve $1, 640, 866 n

Unrestricted Ending Fund Balance (Before Designations) = Board Reserve = 3% Economic Uncertainty Reserve

Next Steps n Mindy and Deanne meet to prepare site allocations for categoricals this week n Once we confirm allocations, Laura Berrien will load categoricals by site n Dana and Mindy will meet with site principals to discuss 2010 -11 site categorical allocations and plans n Dana and Mindy to hold site budget meetings for staff and parents upon State budget approval

Questions?