FINANCIAL STATEMENTS JANUARY 2019

Transcription

1 EXHIBIT T-1 SHAKER HEIGHTS CITY SCHOOL DISTRICT OFFICE OF THE TREASURER Parkland Drive Shaker Heights, Ohio (216) Bryan C. Christman Treasurer FINANCIAL STATEMENTS JANUARY 2019

2 INDEX SECTION # SECTION NAME 1. FINANCIAL AND MISCELLANEOUS BRIEFS 2. CHARTS 3. CONSOLIDATED INVESTMENT PORTFOLIO 4. FINANCIAL SUMMARY FOR GENERAL FUND 5. FINANCIAL REPORT BY BANK 6. FINANCIAL REPORT BY FUND 7. REVENUE ACCOUNT SUMMARY 8. BUDGET ACCOUNT SUMMARY 9. SUMMARY CHECK REGISTER ALL CHECKS 10. BOND ISSUE EXPENDITURE SUMMARY

3 1. FINANCIAL AND MISCELLANEOUS BRIEFS

4 SHAKER HEIGHTS BOARD OF EDUCATION SHAKER HEIGHTS, OHIO February 9, 2019 TO: FROM: SUBJECT: Members, Shaker Heights Board of Education Bryan C. Christman, Treasurer Financial and Miscellaneous Briefs I. JANUARY 2019 FINANCIAL OVERVIEW The revenue activity for the month and for the fiscal year-to-date January 2019 has been similar to the same reporting period for the prior year with the following exceptions: Real estate tax revenue received YTD this year was $10.5 million less than last year due primarily to timing difference in advance amounts paid out by the County in early calendar 2018 due to accelerated tax payments in advance of the January 1, 2018 federal income tax law changes limiting state and local tax deductions, coupled with different allocation of advance amount received in January 2019 as compared to January Also included in this YTD receipts was the first Shaker Plaza TIF payment totaling $386,036 which included a catchup payment for part of calendar Investment Earnings were $247,758 or 49.5% more than last fiscal year-to-date. Other Local revenue was $1.9 million or 67.1% less than prior year due primarily to the non-recurring receipt in the prior fiscal year of the $1.7 million reimbursement for the Middle School roof project from the bond issuance fund. Additionally, $332,736 less receipts from the State for the Fiscal 2018 SF-6, SF- 14 & SF-14H payments as compared to the prior fiscal year for the same time period. The District is expected to receive approximately the same State Foundation funding in Fiscal 2019 as in Fiscal 2018 due to being on the guarantee funding method. Due to minor variations in the guarantee calculations coupled with a negative adjustment for the Fiscal 2018 payment amount, we currently project this line item to be $90,000 below budget as projected through the end of the fiscal year. The expenditure activity for the fiscal year-to-date January 2019 was $0.3 million or 0.6% less than the prior year amount due to timing differences in payments, expected growth in certain expenses, primarily salaries and fringe benefits, offset by a reduction in capital outlay expenditures, but currently project expenditures in total to be $0.5 million or 0.5% above budget as projected through the end of the fiscal year. The combined net unfavorable variance of income and expenditures are projected to be $0.4 million below budget as currently projected through the end of the fiscal year. II. JANUARY 2019 FINANCIAL DETAIL REVIEW A. GENERAL FUND (As of January 31, 2019) REVENUE

5 Financial & Miscellaneous Briefs February 9, 2019 Page 2 of 6 1. Real Estate Taxes: $10.5 million or 23.1% less than prior year-to-date; Variance due primarily to timing difference in advance amounts paid out by the County in early calendar 2018 due to accelerated tax payments in advance of the January 1, 2018 federal income tax law changes limiting state and local tax deductions, coupled with different allocation of advance amount received in January 2019 as compared to January Also included in this YTD receipts was the first Shaker Plaza TIF payment totaling $386,036 which included a catch-up payment for part of calendar % of estimated amount received this year vs. 66.2% last year; $6.0 million or 14.6% below budget YTD due to the variance in advance receipts mostly due to the 1/1/18 federal income tax law change, but $0.2 million above budget as projected through the end of the fiscal year. 2. Investment Earnings: $748,656 received this year; $247,758 or 49.5% more than prior year; 68.1% of estimated amount received this year vs. 79.6% last year; $181,681 or 32.0% above budget for YTD; and $150,000 above budget as projected through the end of the fiscal year. Cash-basis interest income varies month-to-month and year-to-year due to the varying maturity dates of the investment portfolio; At their August 1, 2018 meeting, the Federal Open Market Committee (FOMC) decided in view of realized and expected labor market conditions and inflation, to maintain the target range for the federal funds rate at 1-3/4 to 2 percent. The stance of monetary policy remains accommodative, thereby supporting strong labor market conditions and a sustained return to 2 percent inflation. At their September 26 th meeting, in view of realized and expected labor market conditions and inflation, the FOMC decided to raise the target range for the federal funds rate to 2 to 2-1/4 percent. The Committee made no change at their November 8, 2018 meeting. At their December 19 th meeting, in view of realized and expected labor market conditions and inflation, the Committee decided to raise the target range for the federal funds rate to 2-1/4 to 2-1/2 percent. The Committee made no change to the rates at their January 30, 2019 meeting We continue to monitor all aspects of our portfolio and the interest rate markets, in consultation with our investment advisor, the RedTree Investment Group. Market Updates for January include: The Federal Reserve met at the end of January and effectively paused future rate increases. The committee continues to maintain their stance that future rate increases are data dependent. There are numerous reasons for the Fed s latest comments, with the trade situation and government shutdown ranking near the top. Interest rates have felt the effects of these new developments in the economy and the yields have dropped as investors seek safety in bonds. Operating Portfolio activity summary comments for this month include: Yield on invested securities increased slightly. Over 70% of the portfolio will mature in the next 6 months, these securities are invested at an average rate of 2.00%. As they are reinvested, the portfolio yield should continue to climb.

6 Financial & Miscellaneous Briefs February 9, 2019 Page 3 of 6 We will continue to look for opportunities to lock in positions further out the maturity spectrum while also considering any liquidity needs the District may have going forward Bond Proceeds Portfolio activity summary comments for this month include: Yield on invested securities remained flat at 2.65%. The short-term positioning of this portfolio is reflective of the nature of the funds and will continue to be reinvested in this way. As securities mature and are reinvested, RedTree will maintain communication on future spending needs Bond Proceeds Portfolio activity summary comments for this month include: Yield on invested securities remained flat at 2.63%. As opportunities arise, we could look to lock in positions further out the yield curve. Similar to the 2017 Construction Funds account, RedTree will maintain communication and coordinate any upcoming spending needs. 3. Other Local Revenue: $1.9 million or 67.1% less than prior year due primarily to the nonrecurring receipt in the prior fiscal year of the $1.7 million reimbursement for the Middle School roof project from the bond issuance fund. Additionally, $332,736 less receipts from the State for the Fiscal 2018 SF- 6, SF-14 & SF-14H payments as compared to the prior fiscal year for the same time period. 45.0% of estimated amount received this year vs % last year; $0.5 million or 35.4% below budget for YTD; but only $0.3 million below budget as projected through the end of the fiscal year. 4. State Foundation: $9,277 or 0.1% more than prior year; 58.8% of estimated amount received this year vs. 59.4% last year; $79,391 or 0.8% above budget for YTD; but $90,000 below budget as projected through the end of the fiscal year. State Foundation payments are merely estimates until the ADM counts are finalized and adjusted starting in January; however The District is expected to receive approximately the same funding in Fiscal 2019 as in Fiscal 2018 due to being on the guarantee funding method. 5. Homestead Exemption & Rollback (HERB): $981 or 0.0% more than prior year; 50.0% of estimated amount received this year vs. 49.7% last year; $981 or 0.0% above budget for YTD; and $0 above budget as projected through the end of the fiscal year. 6. Other State Revenue: $1,239 or 0.5% more than prior year; 26.5% of estimated amount received this year vs. 24.7% last year; $1,073 or 0.4% below budget for YTD; but $0 below budget as projected through the end of the fiscal year.

7 Financial & Miscellaneous Briefs February 9, 2019 Page 4 of 6 7. Federal Receipts: $347,331 or 444.6% more than prior year primarily due to the early receipt of the Fiscal 2016 settlement payment ($379,274) in January, partially offset by the non-recurring September 2017 receipt of a $49,706 Medicaid reimbursement settlement payment delayed from the previous fiscal year % of estimated amount received this year vs. 17.8% last year; $355,745 or 510.4% above budget for YTD; but only $75,000 above budget as projected through the end of the fiscal year. 8. Total Revenue: $11.8 million or 18.5% less than prior year; Variance due primarily to timing difference in advance amounts paid out by the County in early calendar 2018 due to accelerated tax payments in advance of the January 1, 2018 federal income tax law changes limiting state and local tax deductions, coupled with different allocation of advance amount received in January 2019 as compared to January % of estimated amount received this year vs. 64.7% last year; $5.9 million or 10.2% below budget for YTD, but $0.1 million or 0.1% above budget (excluding timing differences) as projected through the end of the fiscal year. EXPENDITURES 9. Salaries & Wages: Payrolls averaged $2,342,561 YTD this year vs. $2,302,704 for prior YTD, for a 1.7% increase from last year s payrolls for the same number of year-to-date pay dates; Excluding sick leave severance payments, increase of 1.7% from prior year; Overall change reflects cumulative effect of contractual and step increases, retirements and replacements that went into effect over the last 12 months; YTD total salaries and wages (including severance payments) are $574,658 or 1.8% above prior year, different from above due to timing of grant fund chargebacks; Variance due to increased salary and wage costs, partially offset by reduced FTE s this year; $79,003 or 0.2% below budget for YTD; but only $25,000 below budget as projected through the end of the fiscal year. Classified overtime paid in January 2019 was $719 more than January 2018, while the cumulative YTD payments totaled $124,965 more than the prior YTD; Classified temporary wages this YTD are $26,131 higher than last YTD, while certified temporary wages this YTD are $61,992 higher than prior YTD; Sick leave severance payments decreased by $1,753 or 0.8% to $225,070 through this YTD from $226,823 for prior YTD; Amount and timing of such payments vary from year to year depending on number of retirements. 10. Capital Outlay: $1.5 million or 45.8% less than prior YTD due to the Middle School roof project included in last fiscal year; $0.9 million or 98.0% above budget for YTD; and

8 Financial & Miscellaneous Briefs February 9, 2019 Page 5 of 6 $1.1 million over budget as projected through the end of the year, including technology purchases, some of which are subject to partial erate reimbursements, and bus purchases. 11. Total Expenditures: $0.3 million or 0.6% less than prior YTD; Variance due to timing differences in payments, expected growth in certain expenses, primarily salaries and fringe benefits, offset by a reduction in capital outlay expenditures; $0.05 million or 0.1% below budget for YTD; but $0.5 million or 0.5% above budget as projected through the end of the fiscal year. Encumbrances current month-end total of $11.1 million, which includes $3.1 million for out-of-district tuition, are $1.4 million more than prior year. Encumbrance variance primarily attributable to $0.3 million decrease in out-of-district tuition, $0.1 million decrease in pupil transportation, $0.1 million decrease in capital outlay, $0.8 million increase in textbooks, materials & supplies, and $0.8 million increase in professional & technical services. B. CASH BALANCES 1. Cash Balance: Cash balance reflects a decrease of $3.0 million from that of one year ago. This is due to the $8.5 million higher beginning of year balance, decreased by the $11.5 million higher excess of expenditures over revenues for the current YTD vs. the prior YTD. 2. Cash Deficits - Grant Funds: The following cash deficits are due to a delay in the receipt of state or federal fund cash requests from the State: The cash requests were received from the State in time such that all fund balance deficits were covered as of January 31, Cash Deficit Other: The Fund 009 cash deficit of $24,385 is due to the funding of the stored value purchasing cards that are used by the classroom teachers in purchasing items for the classroom (the $35 student activity fee collected at the start of school is the primary funding source for these expenditures). C. OTHER ITEMS 1. efinanceplus Conversion System Status Update: A combination of Human Resource and selected Treasurer Department staff attended multiple day-long conversion sessions at the NEOnet office in Cuyahoga Falls during the last month in furtherance of the conversion setup process which is in accordance with the published conversion schedule. An emphasis has been on payroll related matters of recent. 2. Forms W-2 and 1099 Statements: In compliance with federal law, the District issued in January 1,411 (1,440 the year before) Forms W-2 and 216 (218 the year before) Forms 1099, Miscellaneous Earnings Statements. W-2 s are required to be issued for all employees who earned wages during calendar year 2018 including all substitute employees s are required to be issued for all accounting payments in

9 Financial & Miscellaneous Briefs February 9, 2019 Page 6 of 6 excess of $600 for services rendered that were made to non-corporate entities during calendar year Casino Revenue: Included in January receipts was the District s share of the semi-annual casino tax distribution to school districts. $124,374 ($122,060 in the prior year) was received by the District in January, and is included in line 10, Other State revenue on the financial summary in Section 4 of this monthly financial report. The increase from the January 2018 amount is due to the combination of a higher per pupil payment amount ($25.67 vs $24.88) and a lower pupil count (4,845 vs 4,905). Such payments are distributed to school districts twice per year in January and August. The amount of such payments is contingent upon the amount of the gross casino revenue (gross revenue net of payments to winners) during the previous six-month period. The District has received $256,655 or a blended $52.65 per pupil in Fiscal 2019, as compared to $255,373, or a blended $51.27 per pupil in Fiscal 2018.

10 2. CHARTS

11 SHAKER HEIGHTS CITY SCHOOL DISTRICT GENERAL FUND CASH BALANCE $75,000,000 $70,000,000 $65,000,000 $60,000,000 $55,000,000 $50,000,000 $45,000,000 $40,000,000 $35,000,000 $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN January 31, 2019

12 SHAKER HEIGHTS CITY SCHOOL DISTRICT GENERAL FUND (Fiscal Year to Date) $110,000,000 $100,000,000 $90,000,000 $80,000,000 $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $0 RECEIPTS $51,929,630 EXPENDITURES $56,519,655 $66,639,658 January 31, 2019

13 SHAKER HEIGHTS CITY SCHOOL DISTRICT GENERAL FUND RECEIPTS $28,000,000 $26,000,000 $24,000,000 $22,000,000 $20,000,000 $18,000,000 $16,000,000 $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN January 31, 2019

14 SHAKER HEIGHTS CITY SCHOOL DISTRICT GENERAL FUND EXPENDITURES $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN January 31, 2019

15 3. CONSOLIDATED INVESTMENT PORTFOLIO

16 Monthly Investment Report January 2019 Operating Funds Call Maturity Trade Yield Wtd Security Coupon Date Date Date Quantity Cost Basis Market Value at Cost Maturity CASH STAR Ohio-General 1/31/2019 $3,722, $3,722, $3,722, Huntington - Operating 1/31/2019 $4,043, $4,043, $4,043, Cash Subtotal $7,765, $7,765, $7,765, % 0.00 SHAKER HEIGHTS CASH TOTAL $7,765, $7,765, $7,765, % 0.00 REDTREE OPERATING PORTFOLIO CERTIFICATES OF DEPOSIT Discover Bank, DE /4/2019 6/4/2014 $247, $247, $246, Barclay's Bank, DE /2/2019 7/2/2014 $247, $247, $246, American Express Nat'l Bank, UT (formerly AmE /31/2019 7/31/2014 $247, $247, $246, First Business Bank, WI /31/2019 7/31/2015 $247, $247, $246, Synchrony Bank, UT /1/2019 8/1/2014 $247, $247, $246, American Express Nat'l Bank, UT (formerly AmE /30/2020 4/30/2015 $247, $247, $245, CIT Bank, UT /30/2020 7/30/2015 $247, $247, $245, Capital One, NA, Mclean, VA /5/2020 8/5/2015 $247, $247, $243, Wells Fargo Bank, SD /16/ /14/2016 $249, $248, $241, Ally Bank, UT /31/2022 1/28/2019 $246, $245, $245, Brokered Certificates of Deposit Subtotal $2,471, $2,470, $2,454, % 1.18 COMMERCIAL PAPER Canadian Imp Holdings - 2/26/2019 8/29/2018 $400, $395, $399, TD USA - 2/27/2019 8/27/2018 $865, $854, $863, JP Morgan - 3/20/2019 9/24/2018 $800, $789, $797, Toyota Motor Credit - 3/25/2019 9/25/2018 $600, $592, $597, Canadian Imp Holdings - 3/26/2019 9/26/2018 $600, $592, $597, Natixis NY - 3/27/2019 9/26/2018 $840, $829, $836, ING US CP - 4/26/ /30/2018 $1,000, $986, $993, MUFG Bank - 5/29/ /29/2018 $1,500, $1,478, $1,486, Natixis NY - 5/29/ /28/2018 $1,500, $1,478, $1,486, JP Morgan - 6/18/ /20/2018 $1,300, $1,278, $1,286, BNP Paribas - 6/21/ /27/2018 $3,000, $2,952, $2,968, TD USA - 6/21/ /28/2018 $1,300, $1,279, $1,286, Toyota Motor Credit - 6/24/ /26/2018 $1,200, $1,180, $1,187, Royal Bank of Canada (RBC) - 8/23/2019 1/25/2019 $2,200, $2,166, $2,165, Commercial Paper Subtotal $17,105, $16,853, $16,954, % 0.33 MONEY MARKET FUNDS First American Treasury Obligations Fund 1/31/2019 $86, $86, $86, Money Market Subtotal $86, $86, $86, % 0.00 U.S. TREASURY NOTES US Treasury Note /15/ /30/2018 $6,765, $6,696, $6,726, U.S. Treasury Notes Subtotal $6,765, $6,696, $6,726, % 0.37 U.S. GOVERNMENT AGENCY NOTES Federal Home Ln Mtg /15/2019 3/18/2016 $4,505, $4,503, $4,492, Federal Home Ln Mtg /24/2019 5/24/2019 7/14/2016 $2,855, $2,855, $2,844, Federal Natl Mtg Assoc /28/2019 6/28/2019 6/27/2016 $3,500, $3,500, $3,482, Federal Home Ln Mtg /19/2019 7/26/2016 $4,855, $4,836, $4,819, Federal Home Ln Bank /5/2019 8/8/2016 $3,000, $2,989, $2,975, Federal Natl Mtg Assoc /27/2019 7/27/2020 7/25/2016 $2,000, $2,000, $1,964, Federal Natl Mtg Assoc /28/2019 8/28/2020 8/26/2016 $3,700, $3,700, $3,631, Federal Farm Credit Bank /7/ /19/2020 8/29/2016 $3,280, $3,280, $3,225, Federal Natl Mtg Assoc /24/2019 8/24/2021 8/26/2016 $3,380, $3,380, $3,289, Federal Home Ln Mtg /15/ /15/ /1/2018 $1,000, $1,000, $1,003, U.S. Government Agency Notes Subtotal $32,075, $32,044, $31,729, % 1.00 REDTREE OPERATING PORTFOLIO TOTAL $58,502, $58,151, $57,950, %

17 Monthly Investment Report January 2019 Bond Proceeds Accounts Call Maturity Settle Yield Wtd Security Coupon Date Date Date Quantity Cost Basis Market Value at Cost Maturity REDTREE 2017 BOND PROCEEDS PORTFOLIO COMMERCIAL PAPER Credit Agricole NY - 3/29/ /29/2018 $300, $297, $298, Toyota Motor Credit - 4/17/ /10/2018 $2,400, $2,368, $2,386, Canadian Imp Holdings - 4/26/ /26/2018 $500, $493, $496, ING US CP - 4/26/ /30/2018 $1,000, $986, $993, BNP Paribas - 4/29/ /29/2018 $1,000, $986, $993, Natixis NY - 4/29/ /30/2018 $450, $443, $447, BNP Paribas - 6/21/ /27/2018 $500, $492, $494, JP Morgan - 6/25/ /28/2018 $200, $196, $197, Commercial Paper Subtotal $6,350, $6,264, $6,309, % 0.24 MONEY MARKET FUNDS First American Treasury Obligations Fund 1/31/2019 $15, $15, $15, Money Market Subtotal $15, $15, $15, % 0.00 U.S. TREASURY BILLS US Treasury Bill - 4/25/ /30/2018 $460, $454, $457, US Treasury Bill - 6/27/ /26/2018 $1,015, $1,002, $1,005, U.S. Treasury Bills Subtotal $1,475, $1,456, $1,462, % 0.35 U.S. TREASURY NOTES US Treasury Note /15/ /8/2018 $560, $554, $556, U.S. Treasury Notes Subtotal $560, $554, $556, % 0.37 REDTREE 2017 BOND PROCEEDS PORTFOLIO TOTAL $8,400, $8,291, $8,344, % 0.27 REDTREE 2018 BOND PROCEEDS PORTFOLIO COMMERCIAL PAPER JP Morgan - 2/5/2019 8/9/2018 $700, $691, $699, JP Morgan - 2/19/2019 8/22/2018 $350, $345, $349, Natixis NY - 2/25/2019 7/30/2018 $400, $394, $399, Canadian Imp Holdings - 2/26/2019 8/29/2018 $720, $711, $718, TD USA - 2/27/2019 8/27/2018 $720, $711, $718, JP Morgan - 3/20/2019 9/24/2018 $600, $592, $597, MUFG Bank - 3/27/2019 9/27/2018 $715, $705, $712, Natixis NY - 3/27/2019 9/26/2018 $1,330, $1,313, $1,324, ING US CP - 4/26/ /30/2018 $2,000, $1,973, $1,987, Toyota Motor Credit - 5/13/ /29/2018 $800, $788, $793, MUFG Bank - 5/29/ /29/2018 $2,250, $2,217, $2,230, Royal Bank of Canada (RBC) 8/23/2019 1/25/2019 $500, $492, $492, Commercial Paper Subtotal $11,085, $10,937, $11,025, % 0.20 MONEY MARKET FUNDS First American Treasury Obligations Fund 1/31/2019 $4, $4, $4, Money Market Subtotal $4, $4, $4, % 0.00 U.S. Treasury Bills US Treasury Bill - 2/5/2019 1/30/2019 $575, $574, $574, US Treasury Bill - 6/20/ /17/2018 $1,110, $1,096, $1,099, U.S. Treasury Bills Subtotal $1,685, $1,670, $1,674, % 0.26 U.S. Treasury Notes US Treasury Note /31/ /26/2018 $1,480, $1,470, $1,470, U.S. Treasury Notes Subtotal $1,480, $1,470, $1,470, % 0.65 REDTREE 2018 BOND PROCEEDS PORTFOLIO TOTAL $14,254, $14,082, $14,174, % 0.25 REDTREE INVESTMENT PORTFOLIO's TOTAL $81,157, $80,525, $80,469, % 0.60 SHAKER HEIGHTS GRAND TOTAL $88,923, $88,290, $88,235, %

18 Monthly Summary January 2019 Market Update The Federal Reserve met at the end of January and effectively paused future rate increases. The committee continues to maintain their stance that future rate increases are data dependent. There are numerous reasons for the Fed s latest comments, with the trade situation and government shutdown ranking near the top. Interest rates have felt the effects of these new developments in the economy and the yields have dropped as investors seek safety in bonds. Operating Portfolio: Summary of Monthly Activity Yield on invested securities increased slightly. Over 70% of the portfolio will mature in the next 6 months, these securities are invested at an average rate of 2.00%. As they are reinvested, the portfolio yield should continue to climb. We will continue to look for opportunities to lock in positions further out the maturity spectrum while also considering any liquidity needs the District may have going forward Bond Proceeds: Summary of Monthly Activity Yield on invested securities remained flat at 2.65%. The short-term positioning of this portfolio is reflective of the nature of the funds and will continue to be reinvested in this way. As securities mature and are reinvested, RedTree will maintain communication on future spending needs Bond Proceeds: Summary of Monthly Activity Yield on invested securities remained flat at 2.63%. As opportunities to arise, we could look to lock in positions further out the yield curve. Similar to the 2017 Construction Funds account, RedTree will maintain communication and coordinate any upcoming spending needs. Months to Maturity 3.00% 2.50% 2.00% 1.50% 1.00% 0.50% 0.00% 2.06% > < 12 $- $4,875,000 $9,721,000 Maturity Distribution $74,327,229 $0 $25,000,000 $50,000,000 $75,000,000 $100,000,000 Yield Comparison 2.51% 0.05% Shaker Heights Star Ohio *Huntington Earnings Credit 2.53% US Treas 1yr BAML Index 36% 13% 9% Investment Allocation 39% 3% Money Market Funds Commercial Paper Certificates of Deposit US Agency Notes US Treasury Securities *Earnings credit to offset bank charges; does not pay actual interest 3

19 Monthly Transaction Summary Operating Portfolio January 2019 Redeemed Securities : Sales, Calls, and Maturities Security Maturity Date CUSIP Date Original Cost Basis Income Received FHLB DN 1/30/ BF5 1/28/2019 $399, $ TD USA CP 1/28/ BNU6 1/28/2019 $2,032, $17, Total Redeemed Securities $2,432, $17, Purchased Securities Security Maturity Date CUSIP Date Cost Basis Projected Annual Income Ally Bank CD 1/31/ GHF3 1/31/2019 $245, $7, Royal Bank of Canada (RBC) 8/23/ BVP4 1/28/2019 $2,166, $33, Total Security Purchases $2,411, $40, Interest Earnings Received Asset Class Total Income Received Cash (Star Ohio/Huntington) $7, Money Market Funds $ Commercial Paper + Bankers Acceptances $17, Certificates of Deposit $10, U.S. Agency Notes $36, U.S. Treasury Securities $0.00 Total Interest Earnings for the period $72, Realized Gains and Losses Security N/A for January Total Realized Gains and Losses for the period 4

20 Monthly Transaction Summary 2017 Bond Proceeds January 2019 Redeemed Securities : Sales, Calls, and Maturities Security Maturity Date CUSIP Date Original Cost Basis Income Received N/A for January Total Redeemed Securities $0.00 $0.00 Purchased Securities Security Maturity Date CUSIP Date Cost Basis Projected Annual Income N/A for January Total Security Purchases $0.00 $0.00 Interest Earnings Received Asset Class Total Income Received Money Market Funds $31.75 Commercial Paper + Bankers Acceptances $0.00 U.S. Treasury Securities $0.00 Total Interest Earnings for the period $31.75 Realized Gains and Losses Security N/A for January Total Realized Gains and Losses for the period 5

21 Monthly Transaction Summary 2018 Bond Proceeds January 2019 Redeemed Securities : Sales, Calls, and Maturities Security Maturity Date CUSIP Date Original Cost Basis Income Received JP Morgan CP 1/17/ QNH0 1/17/2019 $1,056, $13, Total Redeemed Securities $1,056, $13, Purchased Securities Security Maturity Date CUSIP Date Cost Basis Projected Annual Income Royal Bank of Canada (RBC) 8/23/ BVP4 1/28/2019 $492, $7, US Treasury Bill 2/5/ UM9 1/31/2019 $574, $ Total Security Purchases $492, $7, Interest Earnings Received Asset Class Total Income Received Money Market Funds $ Commercial Paper + Bankers Acceptances $13, U.S. Treasury Securities $0.00 Total Interest Earnings for the period $13, Realized Gains and Losses Security N/A for January Total Realized Gains and Losses for the period Total Realized Gains and Losses 6

22 4. FINANCIAL SUMMARY FOR GENERAL FUND

23 Shaker Heights City School District Financial Statement-General Fund Fiscal Year Ending June 30, A B CD E F G H I J K L M N O P Q R Month of January Year-To-Date January Year-To-Date January Actual F19 Actual F18 $ Inc(Dec) %Inc(Dec) Actual F19 Actual F18 $ Inc(Dec) %Inc(Dec) YTDBud.F19 $ Inc(Dec) %Inc(Dec) REVENUE: Real Estate Taxes $7,354,000 $15,091,000 ($7,737,000) -51.3% $35,026,773 $45,571,671 ($10,544,898) -23.1% $41,024,573 ($5,997,800) -14.6% Personal Property Taxes #DIV/0! 0 23,526 (23,526) % 0 0 #DIV/0! Investment Earnings 70,581 60,074 10, % 748, , , % 566, , % Other Local 150,053 73,905 76, % 914,274 2,777,940 (1,863,666) -67.1% 1,414,620 (500,346) -35.4% State Foundation 1,410,776 1,448,052 (37,276) -2.6% 10,174,560 10,165,283 9, % 10,095,169 79, % Homestead Exemption & RollBack #DIV/0! 4,378,375 4,377, % 4,377, % Other State 124, ,060 2, % 261, ,307 1, % 262,619 (1,073) -0.4% Federal-primarily Medicaid reimb. 390,132 6, , % 425,446 78, , % 69, , % Transfers & Advances In #DIV/0! #DIV/0! 0 0 #DIV/0! TOTAL REVENUE 9,499,916 16,801,654 (7,301,738) -43.5% 51,929,630 63,755,134 (11,825,504) -18.5% 57,811,051 (5,881,421) -10.2% EXPENDITURES: Salaries & Wages 4,684,544 4,607,201 77, % 32,881,273 32,306, , % 32,960,276 (79,003) -0.2% Fringe Benefits: Health Insurance 743, ,225 (20,569) -2.7% 5,440,826 5,248, , % 5,522,500 (81,674) -1.5% Retirement Expense 680, ,174 (47,131) -6.5% 5,133,966 5,147,734 (13,768) -0.3% 5,232,000 (98,034) -1.9% All Other Fringes 213, ,406 (1,443) -0.7% 905, ,443 (1,859) -0.2% 938,188 (32,604) -3.5% Total Fringe Benefits 1,637,662 1,706,805 (69,143) -4.1% 11,480,376 11,303, , % 11,692,688 (212,312) -1.8% Purchased Services: Utilities 114, ,099 (5,732) -4.8% 772, ,465 39, % 750,983 21, % Out-of-District Tuition 313, ,206 62, % 2,450,077 2,553,174 (103,097) -4.0% 2,680,812 (230,735) -8.6% Pupil Transportation 143,229 27, , % 672, , , % 529, , % Repairs & Maintenance 30,567 27,587 2, % 362, ,737 (119,580) -24.8% 500,941 (138,784) -27.7% All Other Purchased Services 472, , , % 3,004,125 2,572, , % 3,005,664 (1,539) -0.1% Total Purchased Services 1,074, , , % 7,260,800 6,843, , % 7,467,475 (206,675) -2.8% Textbooks, Materials & Supplies 128, ,915 16, % 1,915,643 1,994,977 (79,334) -4.0% 2,289,655 (374,012) -16.3% Capital Outlay 414, , , % 1,720,371 3,176,215 (1,455,844) -45.8% 868, , % Other-primarily Cty.Aud.&Treas.Fees 31,019 20,308 10, % 1,081,192 1,066,148 15, % 1,102,758 (21,566) -2.0% Transfers & Advances Out 80,000 70,000 10, % 180, ,000 10, % 185,000 (5,000) -2.7% TOTAL EXPENDITURES 8,050,276 7,476, , % 56,519,655 56,861,724 (342,069) -0.6% 56,566,787 (47,132) -0.1% Net Revenues/(Expenditures) 1,449,640 9,324,830 (7,875,190) -84.5% (4,590,025) 6,893,410 (11,483,435) % 1,244,264 (5,834,289) % Cash, Beginning of Period 50,197,127 45,338,544 4,858, % 56,236,792 47,769,964 8,466, % 56,236, % Cash, End of Month 51,646,767 54,663,374 (3,016,607) -5.5% 51,646,767 54,663,374 (3,016,607) -5.5% 57,481,056 (5,834,289) -10.1% Less O/S Encumbrances 11,062,526 9,692,700 1,369, % 11,062,526 9,692,700 1,369, % 9,700,000 1,362, % Less Budget Reserve 353, , % 353, , % 353, % Fund Balance, End of Month $40,231,171 $44,617,604 ($4,386,433) -9.8% $40,231,171 $44,617,604 ($4,386,433) -9.8% $47,427,986 ($7,196,815) -15.2% % % Total General Obligation Debt Outstanding $39,459,310 $23,849, FS07Jan19 Rev /SummaryF19 2/11/2019

24 SHAKER HEIGHTS CITY SCHOOL DISTRICT General Fund-Budget by Month Fiscal Year Ending June 30, 2019 FS07Jan19 Rev F19MvgMthlyBudget 2/11/ A B AA AB AC AD AE AF AG AH AI AJ AK AL AM AN AP AQ BUDGET BUDGET BUDGET BUDGET Adopted Var Fav/(Unfav) Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Var. Deemed Total Budget Deemed REVENUE: Actual Actual Actual Actual Actual Actual Actual Budget Budget Budget Budget Budget Temporary Rev.Proj. Permanent Real Estate Taxes $17,167,000 $10,119,737 $386,036 $0 $0 $0 $7,354,000 $20,170,351 $3,692,627 $0 $821,002 $0 6,232,800 $65,943,553 $65,708,553 $235,000 Personal Property Taxes Investment Earnings 118, ,533 71,890 95, , ,146 70, ,522 22,540 84, , ,156 (31,681) 1,250,000 1,100, ,000 Other Local 45, ,773 83,399 75,981 93,967 79, ,053 52, ,644 96,455 95, , ,346 1,755,000 2,030,000 (275,000) State Foundation 1,449,034 1,447,522 1,544,466 1,432,139 1,428,398 1,462,225 1,410,776 1,442,167 1,442,167 1,442,167 1,442,167 1,442,163 (169,391) 17,216,000 17,306,000 (90,000) Homestead Exemption & RollBack 0 0 4,378, ,372,020 0 (981) 8,749,414 8,749,414 0 Other State 0 132,281 4, , ,381 1, , ,000 0 Federal-primarily Medicaid reimb. 10, ,411 10,692 8, ,132 10, ,944 10,705 7,089 12,233 (280,745) 428, ,000 75,000 Transfers & Advances In TOTAL REVENUE 18,790,385 12,199,846 6,469,057 1,609,749 1,700,604 1,660,073 9,499,916 21,776,636 5,658,922 1,633,956 6,868,170 2,486,232 5,976,421 96,329,967 96,234,967 95,000 EXPENDITURES: Salaries & Wages 4,707,618 4,665,699 4,634,385 4,625,741 4,819,608 4,743,678 4,684,544 4,678,454 4,762,975 4,731,236 4,703,236 5,297,823 54,003 57,109,000 57,134,000 25,000 Fringe Benefits: Health Insurance 799, , , , , , , , , , , ,500 (128,327) 9,299,000 9,509, ,000 Retirement Expense 748, , , , , , , , , , , ,000 94,535 9,064,500 9,068,000 3,500 All Other Fringes 113, , , , ,579 96, , , , , , ,650 22,604 1,540,000 1,550,000 10,000 Total Fringe Benefits 1,662,323 1,664,395 1,658,779 1,615,551 1,642,227 1,599,439 1,637,662 1,671,817 1,680,290 1,660,358 1,653,697 1,768,150 (11,188) 19,903,500 20,127, ,500 Purchased Services: 15.87% 15.87% Utilities 84, , , , , , ,367 98,515 97, , , ,274 28,658 1,307,000 1,257,000 (50,000) Out-of-District Tuition 335, , , , , , , , , , , ,091 30,735 4,767,000 4,967, ,000 Pupil Transportation 75,179 45,022 52,894 84,345 56, , , , , , , ,274 (43,040) 1,420,000 1,320,000 (100,000) Repairs & Maintenance 44,593 22, ,919 62,503 43,291 39,259 30, ,465 20,896 56,164 24,006 38,528 38, , , ,000 All Other Purchased Services 321, , , , , , , , , , , ,165 1,537 5,439,600 5,439,600 0 Total Purchased Services 859,933 1,018, ,788 1,282,626 1,151,040 1,178,426 1,074,090 1,224,681 1,246,976 1,203,453 1,112,683 1,470,332 56,675 13,575,600 13,725, ,000 Textbooks, Materials & Supplies 350, , , , , , , , , , , ,552 74,012 2,889,000 3,189, ,000 Capital Outlay 220, ,400 88, , ,546 35, ,387 19,978 85,499 17,010 4,904 3, ,564 2,100,000 1,000,000 (1,100,000) Other-primarily Cty.Aud.&Treas.Fees 102, ,748 9,869 33,971 24, ,100 31,019 16, ,566 51,478 11,470 28, ,566 2,196,275 2,096,275 (100,000) Transfers & Advances Out , , , , ,000 5,000 TOTAL EXPENDITURES 7,903,478 8,469,838 7,601,411 8,182,580 8,227,680 8,084,392 8,050,276 7,798,039 8,787,084 7,893,266 7,752,870 8,763, ,632 98,058,375 97,561,875 (496,500) Net Revenues/(Expenditures) 10,886,907 3,730,008 (1,132,354) (6,572,831) (6,527,076) (6,424,319) 1,449,640 13,978,597 (3,128,162) (6,259,310) (884,700) (6,277,597) 5,432,789 (1,728,408) (1,326,908) (401,500) Cash, Beginning of Period 56,236,792 67,123,699 70,853,707 69,721,353 63,148,522 56,621,446 50,197,127 51,646,767 65,625,364 62,497,202 56,237,892 55,353,192 56,236,792 56,236,792 0 Cash, End of Month 67,123,699 70,853,707 69,721,353 63,148,522 56,621,446 50,197,127 51,646,767 65,625,364 62,497,202 56,237,892 55,353,192 49,075,595 5,432,789 54,508,384 54,909,884 (401,500) Less O/S Encumbrances 10,749,353 12,617,628 13,771,546 13,695,330 12,451,279 12,044,764 11,062,526 9,200,000 8,100,000 6,400,000 6,000,000 5,081, ,081,976 5,081,976 0 Less Budget Reserve 353, , , , , , , , , , , , , ,070 0 Fund Balance, End of Month $56,021,276 $57,883,009 $55,596,737 $49,100,122 $43,817,097 $37,799,293 $40,231,171 $56,072,294 $54,044,132 $49,484,822 $49,000,122 $43,640,549 $5,432,789 $49,073,338 $49,474,838 ($401,500)

25 5. FINANCIAL REPORT BY BANK

26 SHAKER HEIGHTS CITY SCHOOL DISTRICT FINANCIAL REPORT BY BANK JANUARY 2019 BEGINNING OF RECEIPTS EXPENDITURES CURRENT YEAR BALANCE MTD YTD MTD YTD FUND BALANCE HUNTINGTON ($1,201,020.84) $10,935, $88,757, $11,320, $88,751, ($1,195,674.46) INVESTMENTS & OTHER 106,848, ,103, (18,557,754.84) ,290, DEPOSITS Payroll Funding Transfer A/C -for 1st of next mth 2,397, (8,219.43) (8,430.18) ,389, GRAND TOTAL $108,045, $12,031, $70,190, $11,320, $88,751, $89,484, Note-HNB A/C is negative due to o/s cks that will be covered by transfers from the Inv.&OtherDeposits A/C in accordance with controlled disbursement feature of HNB A/C. 07BankPos JAN

27 6. FINANCIAL REPORT BY FUND

28 Date: 02/08/2019 Shaker Heights City Schools Page: 1 Time: 4:04 pm Financial Report by Fund (FINSUM) FY 19 FYTD MTD FYTD Current Current Unencumbered Begin Balance MTD Receipts Receipts Expenditures Expenditures Fund Balance Encumbrances Fund Balance TOTAL FOR Fund GENERAL: 56,236, ,499, ,929, ,050, ,519, ,646, ,062, ,584, TOTAL FOR Fund BOND RETIREMENT: 14,584, , ,398, ,624, ,358, , ,340, TOTAL FOR Fund PERMANENT IMPROVEMENT: 652, , , ,159, ,159, TOTAL FOR Fund BUILDING: 27,565, , ,009, ,278, ,839, ,735, ,408, ,326, TOTAL FOR Fund FOOD SERVICE: 273, , , , , , , , TOTAL FOR Fund SPECIAL TRUST: 62, , , , , , , TOTAL FOR Fund UNIFORM SCHOOL SUPPLIES: 16, , , , , , , , TOTAL FOR Fund ROTARY-SPECIAL SERVICES: 154, , , , , , , TOTAL FOR Fund ROTARY-INTERNAL SERVICES: 140, , , , , , , , TOTAL FOR Fund PUBLIC SCHOOL SUPPORT: 155, , , , , , , , TOTAL FOR Fund SPECIAL ENTERPRISE FUND: 14, , , , , TOTAL FOR Fund DISTRICT AGENCY: 1,938, , , , , ,536, ,536, TOTAL FOR Fund EMPLOYEE BENEFITS SELF INS.: 5,154, , ,566, , ,134, ,585, , ,582, TOTAL FOR Fund WORKMANS COMPENSATION-SELF IN 529, , , , TOTAL FOR Fund STUDENT MANAGED ACTIVITY: 224, , , , , , , , TOTAL FOR Fund DISTRICT MANAGED ACTIVITY: 213, , , , , , , ,125.29

29 Date: 02/08/2019 Shaker Heights City Schools Page: 2 Time: 4:04 pm Financial Report by Fund (FINSUM) FY 19 FYTD MTD FYTD Current Current Unencumbered Begin Balance MTD Receipts Receipts Expenditures Expenditures Fund Balance Encumbrances Fund Balance TOTAL FOR Fund AUXILIARY SERVICES: 117, , , , , , , TOTAL FOR Fund DATA COMMUNICATION FUND: , , TOTAL FOR Fund MISCELLANEOUS STATE GRANT FUN , , , , , , , TOTAL FOR Fund IDEA PART B GRANTS: 10, , , , , TOTAL FOR Fund LIMITED ENGLISH PROFICIENCY: , , , , TOTAL FOR Fund TITLE I DISADVANTAGED CHILDRE , , , , TOTAL FOR Fund IDEA PRESCHOOL-HANDICAPPED: , , , , TOTAL FOR Fund IMPROVING TEACHER QUALITY: , , , , , TOTAL FOR Fund MISCELLANEOUS FED. GRANT FUND , , GRAND TOTALS: 108,045, ,031, ,190, ,320, ,751, ,484, ,899, ,585,366.01

30 7. REVENUE ACCOUNT SUMMARY

31 Date: 02/08/19 Shaker Heights City Schools Page: 1 Time: 4:04 pm Revenue Account Summary (REVSUM) SORTED BY FUND/RCPT FY 19 FUND: 001 (GENERAL) FYTD MTD YTD FYTD FYTD FYTD Actual Actual Actual Balance Percent Receivable Receipts Receipts Receipts Receivable Received *****TOTAL FOR RCPT 1111 (GEN. PROP. TAX - REAL UNRESERV): ,707, ,354, ,354, ,707, *****TOTAL FOR RCPT 1122 (PUBLIC UTILITY PERSONAL PROP.): ,319, ,319, *****TOTAL FOR RCPT 1190 (OTHER RECEIPTS (LOCAL TAXES)): , , *****TOTAL FOR RCPT 1211 (TUITION/PAT-REGULAR DAY SCHOOL): , , , , *****TOTAL FOR RCPT 1219 (MISC TUITION FROM PATRONS): , , *****TOTAL FOR RCPT 1221 (TUITION/DST-REGULAR DAY SCHOOL): , , *****TOTAL FOR RCPT 1223 (TUITION/DST-SPECIAL EDUCATION): , , *****TOTAL FOR RCPT 1390 (OTHER TRANSPORTATION FEES): *****TOTAL FOR RCPT 1410 (INTEREST IN INVESTMENTS): , , , ,

32 Date: 02/08/19 Shaker Heights City Schools Page: 2 Time: 4:04 pm Revenue Account Summary (REVSUM) SORTED BY FUND/RCPT FY 19 FYTD MTD YTD FYTD FYTD FYTD Actual Actual Actual Balance Percent Receivable Receipts Receipts Receipts Receivable Received *****TOTAL FOR RCPT 1631 (DUES/FEES-ACADEMIC ORIENTED): *****TOTAL FOR RCPT 1634 (DUES/FEES-MUSIC ORIENTED): , , *****TOTAL FOR RCPT 1730 (SALE OF TEXTBOOKS): , , , , *****TOTAL FOR RCPT 1810 (RENTALS): , , , , *****TOTAL FOR RCPT 1820 (CONTRIB & DONATION - PRIVATE): , , *****TOTAL FOR RCPT 1839 (SERVICES PROVIDED-OTHER ENTITY): , , , , *****TOTAL FOR RCPT 1860 (FINES): , , , , *****TOTAL FOR RCPT 1890 (OTHER MISCELLANEOUS RECEIPTS): , , , , *****TOTAL FOR RCPT 3110 (SCHOOL FOUNDATION ALLOWANCE): ,174, ,410, ,410, ,174, *****TOTAL FOR RCPT 3131 (10% AND 2.5% ROLLBACK): ,688, ,688,

33 Date: 02/08/19 Shaker Heights City Schools Page: 3 Time: 4:04 pm Revenue Account Summary (REVSUM) SORTED BY FUND/RCPT FY 19 FYTD MTD YTD FYTD FYTD FYTD Actual Actual Actual Balance Percent Receivable Receipts Receipts Receipts Receivable Received *****TOTAL FOR RCPT 3132 (HOMESTEAD EXEMPTION): , , *****TOTAL FOR RCPT 3190 (OTHER UNRESTRC GRANTS-IN-AID): , , , , *****TOTAL FOR RCPT 4120 (UNRES GRANT FED FROM STATE): , , , , *****TOTAL FOR RCPT 4139 (UNRES FROM FED/OTHER INTERMED.): , , , , *****TOTAL FOR FUND 001 (GENERAL): ,929, ,499, ,499, ,929, FUND: 002 (BOND RETIREMENT) *****TOTAL FOR RCPT 1111 (GEN. PROP. TAX - REAL UNRESERV): ,171, , , ,171, *****TOTAL FOR RCPT 1122 (PUBLIC UTILITY PERSONAL PROP.): , , *****TOTAL FOR RCPT 3131 (10% AND 2.5% ROLLBACK): , , *****TOTAL FOR RCPT 3132 (HOMESTEAD EXEMPTION): , ,

34 Date: 02/08/19 Shaker Heights City Schools Page: 4 Time: 4:04 pm Revenue Account Summary (REVSUM) SORTED BY FUND/RCPT FY 19 FYTD MTD YTD FYTD FYTD FYTD Actual Actual Actual Balance Percent Receivable Receipts Receipts Receipts Receivable Received *****TOTAL FOR FUND 002 (BOND RETIREMENT): ,398, , , ,398, FUND: 003 (PERMANENT IMPROVEMENT) *****TOTAL FOR RCPT 1111 (GEN. PROP. TAX - REAL UNRESERV): , , , , *****TOTAL FOR RCPT 1122 (PUBLIC UTILITY PERSONAL PROP.): , , *****TOTAL FOR RCPT 3132 (HOMESTEAD EXEMPTION): , , *****TOTAL FOR FUND 003 (PERMANENT IMPROVEMENT): , , , , FUND: 004 (BUILDING) *****TOTAL FOR RCPT 1410 (INTEREST IN INVESTMENTS): , , , , *****TOTAL FOR RCPT 1820 (CONTRIB & DONATION - PRIVATE): , , , , *****TOTAL FOR RCPT 1890 (OTHER MISCELLANEOUS RECEIPTS): , , , , *****TOTAL FOR RCPT 1934 (INSURANCE PROCEEDS): ,613, ,613,

35 Date: 02/08/19 Shaker Heights City Schools Page: 5 Time: 4:04 pm Revenue Account Summary (REVSUM) SORTED BY FUND/RCPT FY 19 FYTD MTD YTD FYTD FYTD FYTD Actual Actual Actual Balance Percent Receivable Receipts Receipts Receipts Receivable Received *****TOTAL FOR FUND 004 (BUILDING): ,009, , , ,009, FUND: 006 (FOOD SERVICE) *****TOTAL FOR RCPT 1410 (INTEREST IN INVESTMENTS): , , *****TOTAL FOR RCPT 1511 (SALES OF BREAKFASTS TO STUD): , , , , *****TOTAL FOR RCPT 1512 (SALE OF TYPE A LUNCH TO STUD): , , , , *****TOTAL FOR RCPT 1513 (SALES OF ALA CARTE TO STUD): , , , , *****TOTAL FOR RCPT 1514 (SALES OF MILK TO STUDENTS): , , , , *****TOTAL FOR RCPT 1523 (SALES OF ALA CARTE TO ADULTS): , , , , *****TOTAL FOR RCPT 1559 (FOOD SERV- OTHER SPECIAL FUNC.): , , , , *****TOTAL FOR RCPT 1590 (FOOD SERVICES-OTHER RECEIPTS):

36 Date: 02/08/19 Shaker Heights City Schools Page: 6 Time: 4:04 pm Revenue Account Summary (REVSUM) SORTED BY FUND/RCPT FY 19 FYTD MTD YTD FYTD FYTD FYTD Actual Actual Actual Balance Percent Receivable Receipts Receipts Receipts Receivable Received *****TOTAL FOR RCPT 1890 (OTHER MISCELLANEOUS RECEIPTS): , , , , *****TOTAL FOR RCPT 4120 (UNRES GRANT FED FROM STATE): , , , , *****TOTAL FOR FUND 006 (FOOD SERVICE): , , , , FUND: 007 (SPECIAL TRUST) *****TOTAL FOR RCPT 1490 (OTHER EARNINGS ON INVESTMENT): *****TOTAL FOR RCPT 1820 (CONTRIB & DONATION - PRIVATE): , , *****TOTAL FOR FUND 007 (SPECIAL TRUST): , , FUND: 009 (UNIFORM SCHOOL SUPPLIES) *****TOTAL FOR RCPT 1710 (CLASSROOM SUPPLIES): , , , , *****TOTAL FOR RCPT 1720 (SALE OF WORKBOOKS): *****TOTAL FOR RCPT 1740 (CLASS FEES): , ,