AGENDA Board of Directors Meeting 1086 Alcatraz Ave. Oakland, CA June 22, :00 PM

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1 AGENDA Board of Directors Meeting 1086 Alcatraz Ave. Oakland, CA June 22, :00 PM Dial-in Location: nd St, Oakland CA Dial-in Number: , Access Code: Vision & Mission Yu Ming Charter School will provide a challenging and comprehensive education for Kindergarten through 8 th grade students, preparing them to be inquisitive and analytic lifelong learners in the 21 st Century world. Our mission is: I. Preliminary To provide an academically rigorous college preparatory program To graduate students with bilingual and biliterate skills in Mandarin-Chinese and English To nurture intellectual curiosity, international perspective and diligence in attaining personal goals To develop young people with compassion, sound moral character and a sense of responsibility for the community and the environment A. CALL TO ORDER B. ROLL CALL C. APPROVAL OF AGENDA THE ORDER OF BUSINESS MAY BE CHANGED WITHOUT NOTICE Notice is hereby given that the order of consideration of matters on this agenda may be changed without prior notice. REASONABLE LIMITATIONS MAY BE PLACED ON PUBLIC TESTIMONY Members of the public are welcome to speak on any agenda or non-agenda items so long as the matter pertains to the domain and jurisdiction of the school board. Public testimony on non-agenda items will be heard at the opening of the meeting. Public testimony on agenda items will take place as each item is presented. The Board s presiding officer reserves the right to impose reasonable time limits on public testimony. REASONABLE ACCOMMODATION WILL BE PROVIDED FOR ANY INDIVIDUAL WITH A DISABILITY Pursuant to the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, any individual with a disability who requires reasonable accommodation to attend or participate in this meeting of the Governing Board may request assistance by contacting Yu Ming Charter School during normal business hours at 1086 Alcatraz Ave, Oakland, CA 94608; telephone (510) as far in advance as possible, but no later than 24 hours before the meeting. FOR MORE INFORMATION For more information concerning this agenda or for materials relating to this meeting, please contact: Yu Ming Charter School at 1086 Alcatraz Ave, Oakland, CA 94608; telephone (510)

2 II. III. IV. INVITATION TO THE PUBLIC TO ADDRESS THE BOARD CONSENT AGENDA (5 mins) A. Approve May 2017 minutes B. Review May 2017 Check Register ITEMS OF BUSINESS A. Principal s Report (Principal Park, 25 minutes) 1. Include FSO report (15 min) 2. Yu Ming Youth Suicide Prevention Policy -- VOTE (10 min) B. Finance Committee (EdTec, Principal Park, 80 min) 1. Approval of Local Control Accountability Plan (LCAP) and Annual Update -- VOTE (Principal Park, 15 min) 2. May Financials Review - DISCUSSION (EdTec, 20 min) 3. Protected Prayer Certification - DISCUSSION (EdTec, 5 min) 4. Certification of Assurances - DISCUSSION (EdTec, 5 min) 5. Homeless Education Policy - DISCUSSION (EdTec, 5 min) EPA Resolution & Spending Plan - VOTE (EdTec, 10 min) 7. Approval of Budget - VOTE (EdTec, 20 min) C. CLOSED SESSION: Compensation Committee (Rodrigo Prudencio, 40 min) 1. Pursuant to Section 54957(b)(1) -- Public Employee Performance Evaluation (1. Title: Head of School) - DISCUSSION D. CLOSED SESSION: Facilities Committee (Rodrigo Prudencio, 30 minutes) 1. Pursuant to Section CONFERENCE WITH REAL PROPERTY NEGOTIATORS - DISCUSSION E. Board Governance Committee (40 min) THE ORDER OF BUSINESS MAY BE CHANGED WITHOUT NOTICE Notice is hereby given that the order of consideration of matters on this agenda may be changed without prior notice. REASONABLE LIMITATIONS MAY BE PLACED ON PUBLIC TESTIMONY Members of the public are welcome to speak on any agenda or non-agenda items so long as the matter pertains to the domain and jurisdiction of the school board. Public testimony on non-agenda items will be heard at the opening of the meeting. Public testimony on agenda items will take place as each item is presented. The Board s presiding officer reserves the right to impose reasonable time limits on public testimony. REASONABLE ACCOMMODATION WILL BE PROVIDED FOR ANY INDIVIDUAL WITH A DISABILITY Pursuant to the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, any individual with a disability who requires reasonable accommodation to attend or participate in this meeting of the Governing Board may request assistance by contacting Yu Ming Charter School during normal business hours at 1086 Alcatraz Ave, Oakland, CA 94608; telephone (510) as far in advance as possible, but no later than 24 hours before the meeting. FOR MORE INFORMATION For more information concerning this agenda or for materials relating to this meeting, please contact: Yu Ming Charter School at 1086 Alcatraz Ave, Oakland, CA 94608; telephone (510)

3 1. Appointment of Parent Elected Board Members (Eric Peterson, Lucia Hwang) -- VOTE (Rodrigo Prudencio, 20 min) 2. Approve board meeting calendar for school year - VOTE (10 min) 3. Set board retreat date for August - DISCUSSION (10 min) V. REVIEW OF ACTION ITEMS AND FUTURE AGENDA ITEMS VI. ADJOURNMENT The meeting was adjourned at. THE ORDER OF BUSINESS MAY BE CHANGED WITHOUT NOTICE Notice is hereby given that the order of consideration of matters on this agenda may be changed without prior notice. REASONABLE LIMITATIONS MAY BE PLACED ON PUBLIC TESTIMONY Members of the public are welcome to speak on any agenda or non-agenda items so long as the matter pertains to the domain and jurisdiction of the school board. Public testimony on non-agenda items will be heard at the opening of the meeting. Public testimony on agenda items will take place as each item is presented. The Board s presiding officer reserves the right to impose reasonable time limits on public testimony. REASONABLE ACCOMMODATION WILL BE PROVIDED FOR ANY INDIVIDUAL WITH A DISABILITY Pursuant to the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, any individual with a disability who requires reasonable accommodation to attend or participate in this meeting of the Governing Board may request assistance by contacting Yu Ming Charter School during normal business hours at 1086 Alcatraz Ave, Oakland, CA 94608; telephone (510) as far in advance as possible, but no later than 24 hours before the meeting. FOR MORE INFORMATION For more information concerning this agenda or for materials relating to this meeting, please contact: Yu Ming Charter School at 1086 Alcatraz Ave, Oakland, CA 94608; telephone (510)

4 Charter School Name: Date: Annual Budget 1st Interim 2nd Interim We have developed this checklist to assist you in the submission of your required Budget Reports, consistent with the terms of the MOU, Section 3.4 Financial Reporting. All items are to be submitted in hard copy and electronically through Epicenter. The hard copy to consist of certification page with original signatures and one single-sided copy of entire package printed in a PORTRAIT orientation (unless otherwise pre-setted in template). Please return this completed checklist with your report packet. All items should be addressed to Araceli Varela, ACOE, Room 372. Thank you. x Budget Report Alternative Form (Charter Alt & MYP Form-AB.xls ) (MOU ) r Detail r Summary r Certification with Original Signatures r Multi-Year Projection (current and 2 subsequent years) (MOU ) x Assumptions Worksheet (Budget Checklist-Assumptions-MYP Worksheet.xls ) x x x x x r Checklist r Budget Assumptions r Current Revenue and Expenditure Assumptions (MOU , , ) r Narrative/written summary of any significant changes (MOU 3.4.2) r Personnel FTE r Current and Multi-Year Projection (MOU ) r Narrative/written summary of any significant changes (MOU 3.4.2) r Multi-year Projections r Multi-Year ADA Assumptions (MOU ) r Personnel Cost Assumptions (MOU , , ) r Written summary of any significant changes (MOU 3.4.2) r Assumptions narrative, including, but not limited to: r Enrollment projections and impact of growth on liabilities, facilities, etc. (MOU ) r LCAP Expenditure Worksheet (only if LCAP has been revised) Supplemental financial report (MOU ), including: r Printout of Balance Sheet and Revenue & Expense Reports by Fund-Object Please submit a Balance Sheet by Fund (9000 objects) and a statement of Revenues & Expenses by Fund-Object (Unrestricted/Restricted/Combined Total - 2-digit object level). Current year CALPADS Enrollment Report (formerly CBEDS) Statement of cash flow using ACOE Template (MOU ) Special Education Quarterly Expenditure Report, as reported to your SELPA (MOU ) List of Administrative/Business Services Contracts (i.e., food service vendor, back-office provider) (MOU 3.4.4) Revised LCAP, if changes were made in accordance with the original LCAP development procedure

5 x x Completed FCMAT LCFF Calculator incl. Excel (MOU 3.4.4) Electronic copy of all items, with the following required to be provided in Excel, without links to any external data sources: r Budget Charter Alt MYP Reporting Form r Budget Checklist Assumptions - MYP Worksheet r Statement of cash flow r Completed FCMAT LCFF Calculator I hereby confirm that the enclosed report and attachments are accurate and complete. Signature Print Name Date Title

6 Charter School Name: (name continued) CDS #: Charter Approving Entity: County: Charter #: Fiscal Year: CHARTER SCHOOL BUDGET REPORT - ALTERNATIVE FORM CHARTER SCHOOL CERTIFICATION Yu Ming Charter School ACOE Alameda To the entity that approved the charter school: ( ) CHARTER SCHOOL BUDGET FINANCIAL REPORT -- ALTERNATIVE FORM: This report has been approved, and is hereby filed by the charter school pursuant to Education Code Section Signed: Date: Charter School Official (Original signature required) Print Name: Sue Park Title: Executive Director To the County Superintendent of Schools: ( ) CHARTER SCHOOL BUDGET FINANCIAL REPORT -- ALTERNATIVE FORM: This report is hereby filed with the County Superintendent pursuant to Education Code Section Signed: Date: Authorized Representative of Charter Approving Entity (Original signature required) Print Name: David Patterson Title: Director, Charter Schools For additional information on the BUDGET, please contact: For Approving Entity: David Patterson Name Director, Charter Schools Title Telephone dpatterson@acoe.org address For Charter School: Yoon Chang Name Client Manager Title x348 Telephone yoon@edtec.com address ( ) CHARTER SCHOOL BUDGET FINANCIAL REPORT -- ALTERNATIVE FORM: This report verified for mathematical accuracy by the County Superintendent of Schools pursuant to Education Code Section Signed: Date: ACOE District Advisor C:\Users\yoon\Box Sync\Clients\California Clients\Yu Ming Charter School\Financial Reporting\Interim Reports\ \Budget\d Charter Alt Form.xls Revised 5/27/15

7 CHARTER SCHOOL BUDGET REPORT - ALTERNATIVE FORM Charter School Name: Yu Ming Charter School (name continued) CDS #: Charter Approving Entity: ACOE County: Alameda Charter #: 1296 Budgeting Period: 2017/18 This charter school uses the following basis of accounting: X Accrual Basis (Applicable Capital Assets / Interest on Long-Term Debt / Long-Term Liabilities objects are 6900, 7438, , and ) Modified Accrual Basis (Applicable Capital Outlay / Debt Service objects are , , 7438, and 7439) Est. Actuals Current Budget Year Description Object Code Prior Year Unrest. Rest. Total A. REVENUES 1. LCFF Sources State Aid - Current Year ,155, ,466, ,466, Education Protection Account State Aid - Current Year , , , State Aid - Prior Years Tax Relief Subventions (for rev. limit funded schools) County and District Taxes (for rev. limit funded schools) Miscellaneous Funds (for rev. limit funded schools) Charter Schools Funding in Lieu of Property Taxes , Other LCFF/ Revenue Limit Transfers 8091, Total, LCFF/Revenue Limit Sources 2,604, ,919, ,919, Federal Revenues Every Student Succeeds Act (Titles I - V) Special Education - Federal 8181, , , , Child Nutrition - Federal Other Federal Revenues 8110, Total, Federal Revenues 39, , , Other State Revenues Special Education - State StateRevSE 200, , , All Other State Revenues StateRevAO 283, , , Total, Other State Revenues 483, , , , Other Local Revenues All Other Local Revenues LocalRevAO 1,027, , , Total, Local Revenues 1,027, , , TOTAL REVENUES 4,154, ,227, , ,489, B. EXPENDITURES 1. Certificated Salaries Certificated Teachers' Salaries ,294, ,442, , ,593, Certificated Pupil Support Salaries Certificated Supervisors' and Administrators' Salaries , , , Other Certificated Salaries Total, Certificated Salaries 1,550, ,825, , ,976, Non-certificated Salaries Non-certificated Instructional Aides' Salaries , , , , Non-certificated Support Salaries Non-certificated Supervisors' and Administrators' Sal , , , Clerical and Office Salaries Other Non-certificated Salaries , , , Total, Non-certificated Salaries 557, , , , C:\Users\yoon\Box Sync\Clients\California Clients\Yu Ming Charter School\Financial Reporting\Interim Reports\ \Budget\d Charter Alt Form.xls 2 of 7 Revised 5/27/15

8 CHARTER SCHOOL BUDGET REPORT - ALTERNATIVE FORM Charter School Name: Yu Ming Charter School (name continued) Est. Actuals Current Budget Year Description Object Code Prior Year Unrest. Rest. Total 3. Employee Benefits STRS , , , , PERS OASDI / Medicare / Alternative , , , , Health and Welfare Benefits , , , , Unemployment Insurance , , , , Workers' Compensation Insurance , , , , OPEB, Allocated OPEB, Active Employees Other Employee Benefits Total, Employee Benefits 407, , , , Books and Supplies Approved Textbooks and Core Curricula Materials , , , Books and Other Reference Materials Materials and Supplies , , , Noncapitalized Equipment , , , Food , , , Total, Books and Supplies 391, , , Services and Other Operating Expenditures Subagreements for Services Travel and Conferences , , , Dues and Memberships , , , Insurance , , , Operations and Housekeeping Services , , , Rentals, Leases, Repairs, and Noncap. Improvements , , , Professional/Consulting Services & Operating Expend , , , , Communications , , , Total, Services and Other Operating Expenditures 1,050, ,185, , ,235, Capital Outlay (Objects , modified accrual basis) Land and Improvements of Land Buildings and Improvements of Buildings Books and Media for New School Libraries or Major Expansion of School Libraries Equipment Equipment Replacement Depreciation Expense (for full accrual basis only) Total, Capital Outlay Other Outgo Tuition to Other Schools Transfers of Pass-through Revenues to Other LEAs Transfers of Apportionments to Other LEAs - Spec. Ed SE 0.00 Transfers of Apportionments to Other LEAs - All Other AO 0.00 All Other Transfers Debt Service: Interest Principal Total, Other Outgo TOTAL EXPENDITURES 3,957, ,093, , ,427, C. EXCESS (DEFICIENCY) OF REVENUES OVER EXPEND. BEFORE OTHER FINANCING SOURCES AND USES (A5-B8) 197, , (72,313.13) 61, C:\Users\yoon\Box Sync\Clients\California Clients\Yu Ming Charter School\Financial Reporting\Interim Reports\ \Budget\d Charter Alt Form.xls 3 of 7 Revised 5/27/15

9 CHARTER SCHOOL BUDGET REPORT - ALTERNATIVE FORM Charter School Name: Yu Ming Charter School (name continued) Est. Actuals Current Budget Year Description Object Code Prior Year Unrest. Rest. Total D. OTHER FINANCING SOURCES / USES 1. Other Sources Less: Other Uses Contributions Between Unrestricted and Restricted Accounts (must net to zero) (48,313.13) 48, TOTAL OTHER FINANCING SOURCES / USES 0.00 (48,313.13) 48, E. NET INCREASE (DECREASE) IN FUND BALANCE (C + D4) 197, , (24,000.00) 61, F. FUND BALANCE, RESERVES 1. Beginning Fund Balance a. As of July , , , ,047, b. Adjustments to Beginning Balance 9793, c. Adjusted Beginning Balance 850, , , ,047, Ending Fund Balance, June 30 (E + F.1.c.) 1,047, ,083, , ,109, Components of Ending Fund Balance a. Nonspendable Revolving Cash Stores Prepaid Expenditures All Others b. Restricted c. Committed Stabilization Arrangements Other Commitments d. Assigned Other Assignments e. Unassigned/Unappropriated Reserve for Economic Uncertainties Unassigned / Unappropriated Amount ,047, ,083, , ,109, C:\Users\yoon\Box Sync\Clients\California Clients\Yu Ming Charter School\Financial Reporting\Interim Reports\ \Budget\d Charter Alt Form.xls 4 of 7 Revised 5/27/15

10 CHARTER SCHOOL MULTI-YEAR PROJECTION - ALTERNATIVE FORM Charter School Name: Yu Ming Charter School (name continued) CDS #: Charter Approving Entity: ACOE County: Alameda Charter #: 1296 Fiscal Year: 2017/18 This charter school uses the following basis of accounting: x Accrual Basis (Applicable Capital Assets / Interest on Long-Term Debt / Long-Term Liabilities objects are 6900, 7438, , and ) Modified Accrual Basis (Applicable Capital Outlay / Debt Service objects are , , 7438, and 7439) FY 2017/18 Totals for Totals for Description Object Code Unrestricted Restricted Total 2018/ /20 A. REVENUES 1. LCFF Sources State Aid - Current Year ,466, ,466, ,992, ,406, Education Protection Account State Aid - Current Year , , , , State Aid - Prior Years Tax Relief Subventions (for rev. limit funded schools) County and District Taxes (for rev. limit funded schools) Miscellaneous Funds (for rev. limit funded schools) Charter Schools Funding in Lieu of Property Taxes Other LCFF/ Revenue Limit Transfers 8091, Total, LCFF/Revenue Limit Sources 2,919, ,919, ,493, ,954, Federal Revenues Every Student Succeeds Act (Titles I - V) Special Education - Federal 8181, , , , , Child Nutrition - Federal Other Federal Revenues 8110, Total, Federal Revenues , , , , Other State Revenues Special Education - State StateRevSE , , , , All Other State Revenues StateRevAO 398, , , , Total, Other State Revenues 398, , , , , Other Local Revenues All Other Local Revenues LocalRevAO 909, , , , Total, Local Revenues 909, , , , TOTAL REVENUES 4,227, , ,489, ,183, ,630, B. EXPENDITURES 1. Certificated Salaries Certificated Teachers' Salaries ,442, , ,593, ,695, ,956, Certificated Pupil Support Salaries Certificated Supervisors' and Administrators' Salaries , , , , Other Certificated Salaries Total, Certificated Salaries 1,825, , ,976, ,094, ,371, Non-certificated Salaries Non-certificated Instructional Aides' Salaries , , , , , Non-certificated Support Salaries Non-certificated Supervisors' and Administrators' Sal , , , , Clerical and Office Salaries Other Non-certificated Salaries , , , , Total, Non-certificated Salaries 423, , , , , C:\Users\yoon\Box Sync\Clients\California Clients\Yu Ming Charter School\Financial Reporting\Interim Reports\ \Budget\d Charter Alt Form.xls 5 of 7 Revised 5/27/15

11 CHARTER SCHOOL MULTI-YEAR PROJECTION - ALTERNATIVE FORM Charter School Name: Yu Ming Charter School (name continued) FY 2017/18 Totals for Totals for Description Object Code Unrestricted Restricted Total 2018/ /20 3. Employee Benefits STRS , , , , , PERS OASDI / Medicare / Alternative , , , , , Health and Welfare Benefits , , , , , Unemployment Insurance , , , , , Workers' Compensation Insurance , , , , , OPEB, Allocated OPEB, Active Employees Other Employee Benefits Total, Employee Benefits 456, , , , , Books and Supplies Approved Textbooks and Core Curricula Materials , , , , Books and Other Reference Materials Materials and Supplies , , , , Noncapitalized Equipment , , , , Food , , , , Total, Books and Supplies 202, , , , Services and Other Operating Expenditures Subagreements for Services Travel and Conferences , , , , Dues and Memberships , , , , Insurance , , , , Operations and Housekeeping Services , , , , Rentals, Leases, Repairs, and Noncap. Improvements , , , , Professional/Consulting Services and Operating Expend , , , , , Communications , , , , Total, Services and Other Operating Expenditures 1,185, , ,235, ,379, ,459, Capital Outlay (Objects , for mod. accrual basis) Land and Improvements of Land Buildings and Improvements of Buildings Books and Media for New School Libraries or Major Expansion of School Libraries Equipment Equipment Replacement Depreciation Expense (for full accrual only) Total, Capital Outlay Other Outgo Tuition to Other Schools Transfers of Pass-through Revenues to Other LEAs Transfers of Apportionments to Other LEAs - Spec. Ed SE Transfers of Apportionments to Other LEAs - All Other AO All Other Transfers Debt Service: Interest Principal Total, Other Outgo TOTAL EXPENDITURES 4,093, , ,427, ,960, ,521, C. EXCESS (DEFICIENCY) OF REVENUES OVER EXPEND. BEFORE OTHER FINANCING SOURCES AND USES (A5-B8) 134, (72,313.13) 61, , , C:\Users\yoon\Box Sync\Clients\California Clients\Yu Ming Charter School\Financial Reporting\Interim Reports\ \Budget\d Charter Alt Form.xls 6 of 7 Revised 5/27/15

12 CHARTER SCHOOL MULTI-YEAR PROJECTION - ALTERNATIVE FORM Charter School Name: Yu Ming Charter School (name continued) FY 2017/18 Totals for Totals for Description Object Code Unrestricted Restricted Total 2018/ /20 D. OTHER FINANCING SOURCES / USES 1. Other Sources Less: Other Uses Contributions Between Unrestricted and Restricted Accounts (must net to zero) (48,313.13) 48, TOTAL OTHER FINANCING SOURCES / USES (48,313.13) 48, E. NET INCREASE (DECREASE) IN FUND BALANCE (C + D4) 85, (24,000.00) 61, , , F. FUND BALANCE, RESERVES 1. Beginning Fund Balance a. As of July , , ,047, ,109, ,332, b. Adjustments to Beginning Balance 9793, c. Adjusted Beginning Balance 997, , ,047, ,109, ,332, Ending Fund Balance, June 30 (E + F.1.c.) 1,083, , ,109, ,332, ,441, Components of Ending Fund Balance a. Nonspendable Revolving Cash Stores Prepaid Expenditures All Others b. Restricted c. Committed Stabilization Arrangements Other Commitments d. Assigned Other Assignments e. Unassigned/Unappropriated Reserve for Economic Uncertainties Undesignated / Unappropriated Amount ,083, , ,109, ,332, ,441, C:\Users\yoon\Box Sync\Clients\California Clients\Yu Ming Charter School\Financial Reporting\Interim Reports\ \Budget\d Charter Alt Form.xls 7 of 7 Revised 5/27/15

13 Budget Assumptions Worksheet Yu Ming CHARTER SCHOOL 2017/18 REPORTING PERIOD (please check one): X Annual Budget 1st Interim 2nd Interim CURRENT REPORTING PERIOD RATES K 3 Grades 4 6 Grades 7 8 Grades 9 12 TOTAL A. REVENUES 1. LCFF/Revenue Limit Sources State Aid Current Year $7,798 $ 7,798 $ 15,596 Education Protection Account State Aid 23.70% 23.70% 47.40% State Aid Prior Years Charter School Funding in Lieu of Property Taxes Other Revenue (please provide breakdown): 2. Federal Revenues Title I Title II 0 Title III 0 Special Education Federal $ 125 $ 125 $ 250 Other Federal (please provide breakdown): 0 3. Other State Revenues Facility Grant $ 273,883 Lottery $ Special Education State $ $ 514 Other State (please provide breakdown): $ Other Local Revenues Special Education (from SELPA) Other Local (please provide breakdown): Assumptions should include deficit and proration factors as applicable $ 909,438 $ $ $ , $ $ 909,438 Include a narrative discussion and reason for significant changes between the current and the prior reporting categories. LCFF State per ADA amount is from the latest LCFF calculator v 18.1b This ADA amount has been multiplied by the projected ADA to derive the LCFF State Aid amount EPA was derived by multiplying 23.70% and SPED = $125/ADA before accounting for admin f Facility Grant is based on 75% of the lease amount, not including the additional costs and the district site Lottery = $191.95/ADA SPED = $514/ADA before accounting for set Field trip revenue is assumed at $90 per student Food services sales is assumed at 100% of expense Fundraising/Donation is assumed at $1,000/student Other Sources: Grades 4 6 Grades 7 8 Grades TOTAL ENROLLMENT AVERAGE DAILY ATTENDANCE % Unduplicated pupil count (includes FRM, EL, Foster Students) K 3 21% Page 1

14 Expenditure Assumptions Narrative 2017/18 FISCAL YEAR Yu Ming CHARTER SCHOOL Please include a narrative discussion and reason for significant changes between the current and prior reporting categories, if applicable. Salaries and Benefits Assuming 3% COLA increase Overall increase of 4.29 FTE Adding 1 5th/6th teacher and1 1st 6th grade TA Adding 1 Personalized Learning Specialist and 1 Special Ed Resource teacher Books and Supplies Decreased spending in textbooks and core curricula materials due to recent purchase of core subject materials in 16/17. Decreased spending in classroom furniture, equipment & supplies due to recent purchases made in 16/17. Decreased spending in computers due to recent purchases made in 16/17. All other expenses consistent with 2016/17 expenditures, increasing by COLA of 3%. Services and Other Operating Expenditures Increased rent expenses and related expenses (utilities, janitorial, security, communications) for the growth Decreased spending in professional development due to less requirements. Increased spending for intern program. Decreased spending in instructional consultants due to hiring of TA Consultant fee increased with hiring of Facilities consultant for Prop 51 Oversight remains at 3% Capital Outlay No capital expenditures assumed Other Outgo Other Uses Page 2

15 Personnel Full Time Equivalents (FTE) FISCAL YEAR Yu Ming CHARTER SCHOOL Certificated Non Management Unrestricted: Restricted: Total: Classified Non Management Unrestricted: Restricted: Total: Certificated Management/Supervisor Unrestricted: Restricted: Total: Classified Management/Supervisor Unrestricted: Restricted: Total: FTE TOTALS Estimated Adopted Budget Budget Actuals Budget Projections Projections 16/17 17/18 18/19 19/ Include a narrative discussion and reason for significant changes between the current and the prior or future reporting categories. Increased staffing to match addition of 2 new K classes every year beginning in Gradual increase in SPED personnel to match increased enrollment Adding instructional aides and SPED paraprofessionals Adding music teacher and Chinese TA Adding Coordinator for Student Support Decreased Family Liaison Coordinator FTE by 50% Increased Operations Coordinator FTE by 30% Page 3

16 Multi Year Projections 2017/18 FISCAL YEAR Yu Ming CHARTER SCHOOL TOTAL ENROLLMENT: Average Daily Attendance (use prior year P 2) K Grades Grades Grades Certificated Salary COLA Increase: % and Total $ (if % varies, include total $ only) Unrestricted: Restricted: Total: Classified Salary COLA Increase: % and Total $ (if % varies, include total $ only) Unrestricted: Restricted: Total: Other Certificated Salary Adjustments: total $ (provide explanation) Unrestricted: Restricted: Total: Other Classified Salary Adjustments: total $ (provide explanation) Unrestricted: Restricted: Total: Estimated Adopted Budget Actuals Budget Projections 16/17 17/18 18/19 Budget Projections 19/20 3.0% 3.0% 4.0% 4.0% 3.0% 3.0% 4.0% 4.0% 6.0% 6.0% 8.0% 8.0% 3.0% 3.0% 4.0% 4.0% 3.0% 3.0% 4.0% 4.0% 6.0% 6.0% 8.0% 8.0% 3.0% 3.0% 4.0% 4.0% 3.0% 3.0% 4.0% 4.0% 6.0% 6.0% 8.0% 8.0% 3.0% 3.0% 4.0% 4.0% 3.0% 3.0% 4.0% 4.0% 6.0% 6.0% 8.0% 8.0% Health and Welfare Benefits Increase: % and total $ (provide explanation if approximate annual is employee/employer Unrestricted: Restricted: Total: 8.0% 8.0% 16.0% 8.0% 8.0% 16.0% 8.0% 8.0% 16.0% 8.0% 8.0% 16.0% Include a narrative discussion and reason for significant changes between the current and prior and/or future reporting categories. Assumes 96% attendance rate in FY 17/18, 18/19, 19/20 Are salary and benefit negotiations finalized? Y/N Are Health Benefits included in salary schedule? Y/N Y N N N Y Y Y Y Page 4

17 Multi Year Projections 2017/18 FISCAL YEAR Yu Ming CHARTER SCHOOL Include a narrative discussion of assumptions used in the current and two subsequent fiscal years including: 1. Source of Data: (Example: FCMAT LCFF Calculator, SSC dartboard, etc.) 2. Change and Cause: (Example: health benefit costs increased from an estimated 15% at budget adoption to 18% at first interim based on actual renewal rates from ABC group.) 3. Effect. (Example: resulting in a health benefit cost increase of $3,000) Provide projected growth in average daily attendance, including details regarding the impact to cash flow, facilities, assets/liabilities, etc. The school anticipates expanding its facilites thus increasing enrollment by adding three classes of 26 per year resulting in increasing ADA driven revenues. Provide detail of state, federal and local revenues by source for current and two subsequent fiscal years. The source of state, federal and local revenues in FY16/17 and two subsequent fiscal years are: State revenues: LCFF state aid, EPA entitlement, State apportionments, Special Ed entitlement, School facilities apportionment, Mandated Cost reimbursement and State Lottery Federal revenues: Special Ed entitlement Local revenues: Food service sales, After school programs, Enrichment revenue, field trips aned fundraising & donations Identify current staffing levels/positions and provide projected growth for two subsequent fiscal years. Include justification for significant changes in staff and/or salaries that are not aligned with associated changes in ADA. Increased staffing with teachers and instructional aides, in addition to SPED staffing will increase due to school wide expansion beginning in 2017/18 and beyond. In FY 17/18, 4 additional teachers to meet expansion needs In FY 18/19, 1 additional teacher, 1 additional administrative staff, 1 additional SPED teacher and.5 SPED paraprofessional Identify all multiyear fiscal obligations, excluding salaries and benefits, for the next three years and identify the resources used to service those commitments. The school does not have any fiscal obligations and does have a line of credit with First Republic Bank. Identify any potential or contingent liabilities that may affect the budget. N/A If a significant percentage of ongoing expenditures are funded with one time resources, explain how the one time resources will be replaced to continue funding the ongoing expenditures in the following years. N/A Page 5

18 ESP-CA EdTec Network : Yu Ming Charter School (YMCS) Balance Sheet As of May 31, 2017 Financial Row Amount ASSETS Current Assets Bank 9120-YMCS - Cash in Bank - YMCS Cash in Bank - YMCS: First Republic (Main) $903, Total YMCS - Cash in Bank - YMCS $903, Total Bank $903, Accounts Receivable Accounts Receivable AR - Gen Purpose prior yr adjustment (Due from District) $2, AR - Gen Purpose/Categ/SHI PY Adj (Due from Co) $3, AR - Misc $ Total Accounts Receivable $5, Total Accounts Receivable $5, Total Current Assets $909, Fixed Assets Equipment $10, Accumulated Depreciation-Equipment ($10,800.00) Fixed Asset - Leasehold Improvements $14, Accumulated Depreciation - Leaseholds ($14,420.00) Total Fixed Assets $0.00 Other Assets Other Asset - Deposits $30, Total Other Assets $30, Total ASSETS $939, LIABILITIES & EQUITY Current Liabilities Accounts Payable Accounts Payable AP - Payable to County (prior yr adj) $1, Total Accounts Payable $1, Total Accounts Payable $1, Credit Card 9515-YMCS - Credit Card Summary - YMCS 9515-YMCS - Credit Card Summary - YMCS ($21.75) Credit Card - YMCS : Chase #9238 (formerly 7627) $11, Total YMCS - Credit Card Summary - YMCS $11, Total Credit Card $11, Other Current Liability Accrued Accounts Payable $8, Payroll Liability - Federal $ Retirement Liability - STRS ($1,077.57) Wages Payable ($6,803.87) Total Other Current Liability $ Total Current Liabilities $13, Equity Equity Temporarily Restricted $50, Total - Equity $50, Retained Earnings $800, Net Income $74, Total Equity $925, Total LIABILITIES & EQUITY $939,072.45

19 EdTec Network : Yu Ming Charter School (YMCS) Income Statement July 1, May 31, 2017 Financial Row Total Amount Amount Amount Amount Amount Amount Amount Ordinary Income/Expense Income Revenue Principal Apportionment Charter Schools General Purpose Entitlement - State Aid $1,800, $0.00 $0.00 $0.00 $0.00 $0.00 $1,800, Education Protection Account Entitlement $0.00 $341, $0.00 $0.00 $0.00 $0.00 $341, Total Principal Apportionment $1,800, $341, $0.00 $0.00 $0.00 $0.00 $2,142, Other State Revenues Other State Apportionments - Prior Years $32, $0.00 $0.00 $0.00 $0.00 $0.00 $32, Special Ed Special Education - Entitlement (State) $0.00 $0.00 $0.00 $0.00 $151, $0.00 $151, Special Education Reimbursement (State) $0.00 $0.00 $0.00 $0.00 $0.00 $14, $14, Total Special Ed $0.00 $0.00 $0.00 $0.00 $151, $14, $165, School Facilities Apportionments $58, $0.00 $0.00 $29, $0.00 $0.00 $88, Mandated Cost Reimbursements $68, $0.00 $0.00 $0.00 $0.00 $0.00 $68, State Lottery Revenue $29, $0.00 $0.00 $0.00 $0.00 $0.00 $29, Total Other State Revenues $189, $0.00 $0.00 $29, $151, $14, $384, Other Local Revenue Sales Food Service Sales $78, $0.00 $0.00 $0.00 $0.00 $0.00 $78, Total Sales $78, $0.00 $0.00 $0.00 $0.00 $0.00 $78, Fees and Contracts After School Program Revenue $182, $0.00 $0.00 $0.00 $0.00 $0.00 $182, Parking Fees $57, $0.00 $0.00 $0.00 $0.00 $0.00 $57, Total Fees and Contracts $240, $0.00 $0.00 $0.00 $0.00 $0.00 $240, Other Local Revenue Field Trips $18, $0.00 $0.00 $0.00 $0.00 $0.00 $18, All Other Local Revenue $19, $0.00 $0.00 $0.00 $0.00 $0.00 $28, Total Other Local Revenue $38, $0.00 $0.00 $0.00 $0.00 $0.00 $46, Total Other Local Revenue $357, $0.00 $0.00 $0.00 $0.00 $0.00 $365, Donations/Fundraising Donations - Parents $94, $0.00 $0.00 $0.00 $0.00 $0.00 $94, Donations - Private $47, $0.00 $0.00 $0.00 $0.00 $0.00 $47, Fundraising $404, $0.00 $0.00 $0.00 $0.00 $0.00 $412, School Defined Revenue 1 $100, $0.00 $0.00 $0.00 $0.00 $0.00 $100, Total Donations/Fundraising $646, $0.00 $0.00 $0.00 $0.00 $0.00 $654, Uncategorized Revenue $ $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Total Revenue $2,994, $341, $0.00 $29, $151, $14, $3,546, Total - Income $2,994, $341, $0.00 $29, $151, $14, $3,546, Gross Profit $2,994, $341, $0.00 $29, $151, $14, $3,546, Expense Certificated Salaries Teachers Salaries Teachers Salaries $1,029, $0.00 $0.00 $0.00 $0.00 $0.00 $1,029, Teacher - Substitute Pay $2, $0.00 $0.00 $0.00 $0.00 $0.00 $2, Teacher - Special Ed $0.00 $0.00 $18, $0.00 $100, $0.00 $118, Total Teachers Salaries $1,031, $0.00 $18, $0.00 $100, $0.00 $1,150, Certificated Supervisor & Administrator Salaries $246, $0.00 $0.00 $0.00 $0.00 $0.00 $246, Total Certificated Salaries $1,278, $0.00 $18, $0.00 $100, $0.00 $1,396, Classified Salaries Classified Instructional Aide Salaries Classified Instructional Aide Salaries $78, $0.00 $0.00 $0.00 $0.00 $0.00 $78, Classified - Electives $47, $0.00 $0.00 $0.00 $0.00 $0.00 $47, Classified - Custom 1 $4, $0.00 $25, $0.00 $87, $0.00 $117, Total Classified Instructional Aide Salaries $130, $0.00 $25, $0.00 $87, $0.00 $243, Classified Supervisor & Administrator Salaries $120, $0.00 $0.00 $0.00 $0.00 $0.00 $120, Classified Other Salaries Other Classified - After School $88, $0.00 $3, $0.00 $0.00 $0.00 $92, Other Classified - Food $23, $0.00 $0.00 $0.00 $0.00 $0.00 $23, Other Classified - Maintenance/grounds $30, $0.00 $0.00 $0.00 $0.00 $0.00 $30, Total Classified Other Salaries $142, $0.00 $3, $0.00 $0.00 $0.00 $146, Total Classified Salaries $393, $0.00 $29, $0.00 $87, $0.00 $509, Payroll Temporary Holding Account $ $0.00 $0.00 $0.00 $0.00 $0.00 $ Employee Benefits STRS State Teachers Retirement System, certificated positions $151, $0.00 $0.00 $0.00 $13, $0.00 $164, Total STRS $151, $0.00 $0.00 $0.00 $13, $0.00 $164, OASDI-Medicare-Alternative

20 EdTec Network : Yu Ming Charter School (YMCS) Income Statement July 1, May 31, 2017 Financial Row Total Amount Amount Amount Amount Amount Amount Amount Medicare, certificated positions $42, $0.00 $ $0.00 $2, $0.00 $45, Medicare, classified positions $13, $0.00 $ $0.00 $2, $0.00 $16, Total OASDI-Medicare-Alternative $55, $0.00 $1, $0.00 $5, $0.00 $62, Health & Welfare Benefits Health & Welfare Benefits - Certificated Positions $93, $0.00 $2, $0.00 $5, $0.00 $102, Total Health & Welfare Benefits $93, $0.00 $2, $0.00 $5, $0.00 $102, Unemployment Insurance State Unemploy. Insurance - Certificated Positions $11, $0.00 $0.00 $0.00 $ $0.00 $12, State Unemploy. Insurance - Classified Positions $3, $0.00 $ $0.00 $ $0.00 $4, Total Unemployment Insurance $14, $0.00 $ $0.00 $1, $0.00 $16, Workers Comp Insurance Worker's Comp Insurance - Certificated Positions $13, $0.00 $0.00 $0.00 $2, $0.00 $15, Total Workers Comp Insurance $13, $0.00 $0.00 $0.00 $2, $0.00 $15, Total Employee Benefits $329, $0.00 $4, $0.00 $28, $0.00 $361, Books & Supplies Approved Textbooks & Core Curricula Materials $98, $0.00 $0.00 $0.00 $0.00 $0.00 $98, Materials & Supplies Custodial Supplies $9.82 $0.00 $0.00 $0.00 $0.00 $0.00 $ Educational Software $12, $0.00 $0.00 $0.00 $0.00 $0.00 $12, Instructional Materials & Supplies $12, $0.00 $0.00 $0.00 $0.00 $0.00 $13, Art & Music Supplies $12, $0.00 $0.00 $0.00 $0.00 $0.00 $12, Office Supplies $9, $0.00 $0.00 $0.00 $0.00 $0.00 $9, PE Supplies $ $0.00 $0.00 $0.00 $0.00 $0.00 $ Non Instructional Student Materials & Supplies $ $0.00 $0.00 $0.00 $0.00 $0.00 $ Teacher Supplies $4, $0.00 $0.00 $0.00 $0.00 $0.00 $4, Total Materials & Supplies $51, $0.00 $0.00 $0.00 $0.00 $0.00 $52, Noncapitalized Equipment Classroom Furniture, Equipment & Supplies $17, $0.00 $0.00 $0.00 $0.00 $0.00 $17, Computers (individual items less than $5k) $12, $0.00 $0.00 $0.00 $0.00 $0.00 $12, Non Classroom Related Furniture, Equipment & Supplies $5, $0.00 $0.00 $0.00 $0.00 $0.00 $7, Non Classroom Noncapitalized items 2 $ $0.00 $0.00 $0.00 $0.00 $0.00 $ Total Noncapitalized Equipment $36, $0.00 $0.00 $0.00 $0.00 $0.00 $37, Food Student Food Services $65, $0.00 $0.00 $0.00 $0.00 $0.00 $65, Other Food $1, $0.00 $0.00 $0.00 $0.00 $0.00 $6, Total Food $67, $0.00 $0.00 $0.00 $0.00 $0.00 $71, Total Books & Supplies $252, $0.00 $0.00 $0.00 $0.00 $0.00 $260, Services & Other Operating Expenses Subagreements for Services Subagreements 10 $4, $0.00 $0.00 $0.00 $0.00 $0.00 $4, Total Subagreements for Services $4, $0.00 $0.00 $0.00 $0.00 $0.00 $4, Travel & Conferences Travel & Conferences $13, $0.00 $0.00 $0.00 $0.00 $0.00 $13, Travel - Mileage, Parking, Tolls $16.05 $0.00 $0.00 $0.00 $0.00 $0.00 $16.05 Total Travel & Conferences $13, $0.00 $0.00 $0.00 $0.00 $0.00 $13, Dues & Memberships $3, $0.00 $0.00 $0.00 $0.00 $0.00 $3, Insurance Insurance - Other $19, $0.00 $0.00 $0.00 $0.00 $0.00 $19, Total Insurance $19, $0.00 $0.00 $0.00 $0.00 $0.00 $19, Operations & Housekeeping Utilities - Gas and Electric $10, $0.00 $0.00 $0.00 $0.00 $0.00 $10, Janitorial, Gardening Services & Supplies $35, $0.00 $0.00 $0.00 $0.00 $0.00 $35, Security $3, $0.00 $0.00 $0.00 $0.00 $0.00 $3, Utilities - Waste $10, $0.00 $0.00 $0.00 $0.00 $0.00 $10, Utilities - Water $5, $0.00 $0.00 $0.00 $0.00 $0.00 $5, Total Operations & Housekeeping $65, $0.00 $0.00 $0.00 $0.00 $0.00 $65, Rentals, Leases, & Repairs Equipment Leases $23, $0.00 $0.00 $0.00 $0.00 $0.00 $23, Rent $197, $0.00 $0.00 $0.00 $0.00 $0.00 $197, Prop 39 Related Costs $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $11, Repairs and Maintenance - Building $5, $0.00 $0.00 $0.00 $0.00 $0.00 $5, Other Rentals, Leases and Repairs 1 $2, $0.00 $0.00 $0.00 $0.00 $0.00 $2, Total Rentals, Leases, & Repairs $228, $0.00 $0.00 $0.00 $0.00 $0.00 $239, Other Services & Operating Expenses Accounting Fees $8, $0.00 $0.00 $0.00 $0.00 $0.00 $8, Banking Fees $17.50 $0.00 $0.00 $0.00 $0.00 $0.00 $ Business Services $101, $0.00 $0.00 $0.00 $0.00 $0.00 $101, Consultants - Instructional $41, $0.00 $0.00 $0.00 $0.00 $0.00 $41, Consultants - Non Instructional - Custom 1 $14, $0.00 $0.00 $0.00 $0.00 $0.00 $14,257.50

21 EdTec Network : Yu Ming Charter School (YMCS) Income Statement July 1, May 31, 2017 Financial Row Total Amount Amount Amount Amount Amount Amount Amount Consultants - Non Instructional - Custom 2 $9, $0.00 $0.00 $0.00 $0.00 $0.00 $9, Consultants - Non Instructional - Custom 3 $19, $0.00 $0.00 $0.00 $0.00 $0.00 $19, District Oversight Fees $55, $0.00 $0.00 $0.00 $0.00 $0.00 $55, Field Trips Expenses $17, $0.00 $0.00 $0.00 $0.00 $0.00 $17, Fines and Penalties $1, $0.00 $0.00 $0.00 $0.00 $0.00 $1, Service 11 $21, $0.00 $0.00 $0.00 $0.00 $0.00 $21, Fingerprinting $2, $0.00 $0.00 $0.00 $0.00 $0.00 $2, Fundraising Expenses $2, $0.00 $0.00 $0.00 $0.00 $0.00 $2, Legal Fees $33, $0.00 $0.00 $0.00 $ $0.00 $33, Licenses and Other Fees $ $0.00 $0.00 $0.00 $0.00 $0.00 $ Consultants - Other 1 $51, $0.00 $0.00 $0.00 $0.00 $0.00 $51, Payroll Fees $4, $0.00 $0.00 $0.00 $0.00 $0.00 $4, Printing and Reproduction $7, $0.00 $0.00 $0.00 $0.00 $0.00 $7, Prior Yr Exp (not accrued) $3, $0.00 $0.00 $0.00 $0.00 $0.00 $3, Professional Development $19, $0.00 $0.00 $0.00 $80.00 $0.00 $21, Professional Development - Other $40.00 $0.00 $0.00 $0.00 $0.00 $0.00 $ Special Education Contract Instructors $0.00 $0.00 $0.00 $0.00 $23, $0.00 $23, Staff Recruiting $1, $0.00 $0.00 $0.00 $0.00 $0.00 $1, Student Assessment $20, $0.00 $0.00 $0.00 $0.00 $0.00 $20, Student Information System $10, $0.00 $0.00 $0.00 $0.00 $0.00 $10, Substitutes $21, $0.00 $0.00 $0.00 $0.00 $0.00 $22, Technology Services $7, $0.00 $0.00 $0.00 $0.00 $0.00 $7, Miscellaneous Operating Expenses $22, $0.00 $0.00 $0.00 $0.00 $0.00 $23, Total Other Services & Operating Expenses $500, $0.00 $0.00 $0.00 $24, $0.00 $528, Communications Communications - Internet / Website Fees $4, $0.00 $0.00 $0.00 $0.00 $0.00 $4, Postage and Delivery $ $0.00 $0.00 $0.00 $0.00 $0.00 $ Communications - Telephone & Fax $9, $0.00 $0.00 $0.00 $0.00 $0.00 $9, Total Communications $14, $0.00 $0.00 $0.00 $0.00 $0.00 $14, Total Services & Other Operating Expenses $849, $0.00 $0.00 $0.00 $24, $0.00 $887, Other Outflows Uncategorized Expense $54, $0.00 $0.00 $0.00 $0.00 $0.00 $54, Total Other Outflows $54, $0.00 $0.00 $0.00 $0.00 $0.00 $54, Total - Expense $3,158, $0.00 $51, $0.00 $239, $0.00 $3,471, Net Ordinary Income ($164,241.51) $341, ($51,590.73) $29, ($88,630.76) $14, $74, Net Income ($164,241.51) $341, ($51,590.73) $29, ($88,630.76) $14, $74,959.55

22

23 Yu Ming Charter School List of Administrative/Business Services Contracts FY Revolution Foods 2. PlayWorks 3. EdTec

24 A-8 Cash Flow Budget Submission Projected Cashflow Worksheet Charter Name: Yu Ming Charter School Beginning Object Balances July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Sub-total Accruals Total Budget Estimates through Month of: A Beginning Cash , , , , , , , , , , , ,561 6,368,234 6,368,234 B Receipts LCFF/Revenue Limit Sources State Aid - Current Year , , , , , , , , , , ,576 2,235, ,576 2,466,247 Education Protection Account , , , , , ,336 State Aid - Prior Year Tax Relief Subventions County and District Taxes In Lieu of Property Taxes Federal Revenue , ,181 18,194 44,375 Other State Revenue ,671 13,946 20, ,825 20,883 20,883 37,045 24,687 93,157 55,599 24, , , ,939 Other Local Revenue ,944 90,944 90,944 90,944 90,944 90,944 90,944 90,944 90,944 90, , ,438 Interfund Transfers In All Other Financing Sources Other Receipts/Non-Revenue TRANS 0 0 Total Receipts 0 119, , , , , , , , , , ,206 3,989, ,777 4,489,335 0 C Disbursements Certificated Salaries , , , , , , , , , , , ,859 1,976, ,976,630 Classified Salaries ,521 43,494 44,994 44,994 44,994 44,994 44,994 44,994 44,994 44,994 44,994 44, , ,952 Employee Benefits ,383 43,454 50,025 43,599 42,528 42,528 51,096 43,599 43,599 39,526 39,526 28, , ,365 Books & Supplies ,848 16,848 16,848 16,848 16,848 16,848 16,848 16,848 16,848 16,848 16,848 16, , ,175 Services ,596 48, , , , , , , , , , ,200 1,229,336 6,131 1,235,468 Capital Outlay Other Outgo Interfund Transfers Out All Other Financing Uses Other Disbursements/Non-Exp. 0 0 Total Disbursements 144, , , , , , , , , , , ,405 4,421,458 6,131 4,427,589 0 D Balance Sheet Items Assets and Deferred Outflows Accounts Receivable , , ,789 39, , ,422 Stores Prepaid Expenses Other Current Assets Deferred Outflows of Resources Liabilities and Deferred Inflows 0 Accounts Payable , ,470 5,470 Current Loans Unearned Revenues Deferred Inflows of ResourcesUne Total Balance Sheet Items 174, , ,789 39, , ,952 E Net Increase/Decrease (B-C+D) 30,669 (33,806) (189,239) 143,164 93,697 (82,360) 49,639 (67,269) (54,425) 142,308 12,873 (33,199) 12, ,645 0 F Ending Cash (A+E) 584, , , , , , , , , , , ,362 6,380,286 G Ending Cash plus Accruals 0

25 LCFF Calculator Universal Assumptions Yu Ming Charter (124172) Summary of Funding Target Components: Base Grant 1,437,882 1,748,040 2,126,752 2,437,375 2,714,338 3,205,056 3,582,170 Grade Span Adjustment 149, , , , , , ,743 Supplemental Grant 63,219 79,703 93, , , , ,092 Concentration Grant Add-ons Total Target 1,650,846 1,976,495 2,371,232 2,696,353 3,006,827 3,543,532 4,003,005 Transition Components: Target $ 1,650,846 $ 1,976,495 $ 2,371,232 $ 2,696,353 $ 3,006,827 $ 3,543,532 $ 4,003,005 Floor 1,179,577 1,486,137 1,963,846 2,492,862 2,851,117 3,368,750 3,819,856 Applied Formula: Target or Floor FLOOR FLOOR FLOOR FLOOR FLOOR FLOOR FLOOR Remaining Need after Gap (informational only) 414, , ,274 91,510 87,244 49,760 48,516 Current Year Gap Funding 56, , , ,981 68, , ,633 Miscellaneous Adjustments Economic Recovery Target Additional State Aid Total Phase-In Entitlement $ 1,236,137 $ 1,634,030 $ 2,177,958 $ 2,604,843 $ 2,919,583 $ 3,493,772 $ 3,954,489 TRUE TRUE TRUE TRUE Components of LCFF By Object Code State Aid $ 621,041 $ 1,009,089 $ 1,289,362 $ 1,776,635 $ 2,155,992 $ 2,466,247 $ 2,992,762 $ 3,406, Fair Share 8311 & Categoricals 92,404 EPA (for LCFF Calculation purposes) 170, , , , , , , ,770 Local Revenue Sources: 8021 to Property Taxes In-Lieu of Property Taxes 2,591 3,843 4,620 5,553 4,965 Property Taxes net of in-lieu TOTAL FUNDING $ 887,007 $ 1,236,137 $ 1,634,030 $ 2,177,958 $ 2,604,843 $ 2,919,583 $ 3,493,772 $ 3,954,489 Basid Aid Status $ $ $ $ $ $ $ Less: Excess Taxes $ $ $ $ $ $ $ $ Less: EPA in Excess to LCFF Funding $ $ $ $ $ $ $ $ Total Phase-In Entitlement $ 1,236,137 $ 1,634,030 $ 2,177,958 $ 2,604,843 $ 2,919,583 $ 3,493,772 $ 3,954, EPA Receipts (for budget & cashflow) $ 169,958 $ 223,264 $ 339,691 $ 393,973 $ 446,996 $ 453,336 $ 501,009 $ 547,770 6/21/20171:15 PM Summary LCFF Calculator v18.1b released May 22, 2017

26 LCFF Calculator Universal Assumptions Yu Ming Charter (124172) Summary of Student Population Unduplicated Pupil Population Agency Unduplicated Pupil Count COE Unduplicated Pupil Count Total Unduplicated pupil Count Rolling %, Supplemental Grant % % % % % % % Rolling %, Concentration Grant % % % % % % % FUNDED ADA Adjusted Base Grant ADA Current Year Current Year Current Year Current Year Current Year Current Year Current Year Grades TK Grades Grades Grades 9-12 Total Adjusted Base Grant ADA Necessary Small School ADA Current year Current year Current year Current year Current year Current year Current year Grades TK-3 Grades 4-6 Grades 7-8 Grades 9-12 Total Necessary Small School ADA Total Funded ADA ACTUAL ADA (Current Year Only) Grades TK Grades Grades Grades 9-12 Total Actual ADA Funded Difference (Funded ADA less Actual ADA) LCAP Percentage to Increase or Improve Services Current year estimated supplemental and concentration grant funding in the LCAP year $ 79,703 $ 93,741 $ 108,136 $ 122,304 $ 147,782 $ 167,092 Current year Percentage to Increase or Improve Services 5.13% 4.50% 4.33% 4.37% 4.42% 4.41% 6/21/20171:15 PM Summary LCFF Calculator v18.1b released May 22, 2017

27 Yu Ming Charter Schools Education Protection Account (EPA) Spending Det Estimated Expenditures July 1, June 30, 2017 Education Protection Account (Object Code 8012, Resource Code ) Yu Ming Charter Object Codes School Amount Available for this Fiscal Year Education Protection Account 8012 $443,887 Expenditures Certificated Salaries 1000s Teacher Salaries 1100 $443,887 Administrator Salaries 1300 $0 Classified Salaries 2000s $0 Employee Benefits 3000s $0 Books and Supplies 4000s $0 Services and Other Operating Expenses 5000s $0 Capital Outlay 6000s $0 Total Expenditures $443,887 *Estimated EPA Spending based on CDE's Estimated EPA Entitlement based on the Governor's May revise Actual amount and expenses may be different than stated. Per Proposition 30, EPA funds may not be used for salaries or benefits of administrators or any other administrative costs.

28 Board of Directors June 22, 2017 AGENDA ITEM INFORMATION Agenda Item Time Allotted Background Summary Board meetings 10 minutes Proposed schedule for Regular Board meetings, should be approved prior to the start of the school year. In previous school years, board meetings have been held monthly at 6 pm on the 3rd Wednesday or Thursday of each month, except for conflicts with school holidays. For the school year, the Board is considering reducing the frequency of meetings. The proposed school year meeting dates are: August 5, 12, 13 or 19 (retreat) October 19 December 14 (third Thursday is a school holiday) (vote on 1 st interim budget) January 18 March 1 (vote on 2 nd interim budget) May 17 June 21 (vote on LCAP and budget) Type Key Questions Vote 1) Which of the proposed dates for the board retreat can all board members attend? 2) Does the board want to decrease the frequency of Regular Board meetings?