July 1 Budget (Single Adoption) Fiscal Year Charter School Certification

Transcription

1 West Covina Unified Los Angeles County Charter Number: 142 July 1 Budget (Single Adoption) Fiscal Year Charter School Certification Form CB To the chartering authority and the county superintendent of schools (or only to the county superintendent of schools if the county board of education is the chartering authority): CHARTER SCHOOL BUDGET REPORT: This report is hereby filed by the charter school pursuant to Education Code Section (a). Signed: Date: Charter School Official (Original signature required) Printed Name: Denise Patton, Ed.D. Title: Executive Director For additional information on the budget report, please contact: Charter School Contact: Karl Yoder Name CFO, DMS Title Telephone karl@charteradmin.com Address California Dept of Education SACS Financial Reporting Software - Version File: cbi-cs (Rev 03/26/2009) Page 1 Printed: 6/23/2014 1:30 AM

2 West Covina Unified Los Angeles County July 1 Budget (Single Adoption) Charter Schools Enterprise Fund Expenses by Object Form 62 Description Resource Codes Object Codes Estimated Actuals Budget Percent Difference A. REVENUES 1) LCFF Sources ,159, ,894, % 2) Federal Revenue , , % 3) Other State Revenue ,591, ,071, % 4) Other Local Revenue , , % 5) TOTAL, REVENUES 9,254, ,473, % B. EXPENSES 1) Certificated Salaries ,791, ,141, % 2) Classified Salaries , , % 3) Employee Benefits ,325, ,512, % 4) Books and Supplies , , % 5) Services and Other Operating Expenses ,575, ,391, % 6) Depreciation , , % 7) Other Outgo (excluding Transfers of Indirect , Costs) , , % 8) Other Outgo - Transfers of Indirect Costs % 9) TOTAL, EXPENSES 9,251, ,473, % C. EXCESS (DEFICIENCY) OF REVENUES OVER EXPENSES BEFORE OTHER FINANCING SOURCES AND USES (A5 - B9) 3, % D. OTHER FINANCING SOURCES/USES 1) Interfund Transfers a) Transfers In % b) Transfers Out % 2) Other Sources/Uses a) Sources % b) Uses % 3) Contributions % 4) TOTAL, OTHER FINANCING SOURCES/USES % California Dept of Education SACS Financial Reporting Software File: fund-b (Rev 04/09/2014) Page 1 Printed: 6/23/2014 1:30 AM

3 West Covina Unified Los Angeles County July 1 Budget (Single Adoption) Charter Schools Enterprise Fund Expenses by Object Form 62 Description Resource Codes Object Codes Estimated Actuals Budget Percent Difference E. NET INCREASE (DECREASE) IN NET POSITION (C + D4) 3, % F. NET POSITION 1) Beginning Net Position a) As of July 1 - Unaudited ,046, ,049, % b) Audit Adjustments % c) As of July 1 - Audited (F1a + F1b) 1,046, ,049, % d) Other Restatements % e) Adjusted Beginning Net Position (F1c + F1d) 1,046, ,049, % 2) Ending Net Position, June 30 (E + F1e) 1,049, ,050, % Components of Ending Net Position a) Net Investment in Capital Assets % b) Restricted Net Position , , % c) Unrestricted Net Position , , % California Dept of Education SACS Financial Reporting Software File: fund-b (Rev 04/09/2014) Page 2 Printed: 6/23/2014 1:30 AM

4 West Covina Unified Los Angeles County July 1 Budget (Single Adoption) Charter Schools Enterprise Fund Expenses by Object Form 62 Description Resource Codes Object Codes Estimated Actuals Budget Percent Difference G. ASSETS 1) Cash a) in County Treasury ) Fair Value Adjustment to Cash in County Treasury b) in Banks c) in Revolving Fund d) with Fiscal Agent e) collections awaiting deposit ) Investments ) Accounts Receivable ) Due from Grantor Government ) Due from Other Funds ) Stores ) Prepaid Expenditures ) Other Current Assets ) Fixed Assets a) Land b) Land Improvements c) Accumulated Depreciation - Land Improvements d) Buildings e) Accumulated Depreciation - Buildings f) Equipment g) Accumulated Depreciation - Equipment h) Work in Progress ) TOTAL, ASSETS 0.00 H. DEFERRED OUTFLOWS OF RESOURCES 1) Deferred Outflows of Resources ) TOTAL, DEFERRED OUTFLOWS 0.00 California Dept of Education SACS Financial Reporting Software File: fund-b (Rev 04/09/2014) Page 3 Printed: 6/23/2014 1:30 AM

5 West Covina Unified Los Angeles County July 1 Budget (Single Adoption) Charter Schools Enterprise Fund Expenses by Object Form 62 Description Resource Codes Object Codes Estimated Actuals Budget Percent Difference I. LIABILITIES 1) Accounts Payable ) Due to Grantor Governments ) Due to Other Funds ) Current Loans ) Unearned Revenue ) Long-Term Liabilities a) Net OPEB Obligation b) Compensated Absences c) COPs Payable d) Capital Leases Payable e) Lease Revenue Bonds Payable f) Other General Long-Term Liabilities ) TOTAL, LIABILITIES 0.00 J. DEFERRED INFLOWS OF RESOURCES 1) Deferred Inflows of Resources ) TOTAL, DEFERRED INFLOWS 0.00 K. NET POSITION Net Position, June 30 (G10 + H2) - (I7 + J2) 0.00 California Dept of Education SACS Financial Reporting Software File: fund-b (Rev 04/09/2014) Page 4 Printed: 6/23/2014 1:30 AM

6 West Covina Unified Los Angeles County July 1 Budget (Single Adoption) Charter Schools Enterprise Fund Expenses by Object Form 62 Description Resource Codes Object Codes Estimated Actuals Budget Percent Difference LCFF SOURCES Principal Apportionment State Aid - Current Year ,228, ,830, % Education Protection Account State Aid - Current Year ,302, ,436, % State Aid - Prior Years % LCFF Transfers Unrestricted LCFF Transfers - Current Year % All Other LCFF Transfers - Current Year All Other % Transfers to Charter Schools in Lieu of Property Taxes , , % Property Taxes Transfers % LCFF/Revenue Limit Transfers - Prior Years % TOTAL, LCFF SOURCES 7,159, ,894, % FEDERAL REVENUE Maintenance and Operations % Special Education Entitlement , , % Special Education Discretionary Grants % Child Nutrition Programs % Interagency Contracts Between LEAs % NCLB: Title I, Part A, Basic Grants Low- Income and Neglected , , % NCLB: Title I, Part D, Local Delinquent Programs % NCLB: Title II, Part A, Teacher Quality , , % NCLB: Title III, Immigrant Education Program % NCLB: Title III, Limited English Proficient (LEP) Student Program % NCLB: Title V, Part B, Public Charter Schools Grant Program (PCSGP) % Other No Child Left Behind , , , % Vocational and Applied Technology Education % Safe and Drug Free Schools % All Other Federal Revenue All Other % TOTAL, FEDERAL REVENUE 233, , % California Dept of Education SACS Financial Reporting Software File: fund-b (Rev 04/09/2014) Page 5 Printed: 6/23/2014 1:30 AM

7 West Covina Unified Los Angeles County July 1 Budget (Single Adoption) Charter Schools Enterprise Fund Expenses by Object Form 62 Description Resource Codes Object Codes Estimated Actuals Budget Percent Difference OTHER STATE REVENUE Other State Apportionments Special Education Master Plan Current Year , , % Prior Years % All Other State Apportionments - Current Year All Other % All Other State Apportionments - Prior Years All Other % Class Size Reduction, K % Child Nutrition Programs % Mandated Costs Reimbursements , , % Lottery - Unrestricted and Instructional Materials , , % School Based Coordination Program % After School Education and Safety (ASES) % Charter School Facility Grant % Drug/Alcohol/Tobacco Funds 6650, % California Clean Energy Jobs Act , % Healthy Start % Specialized Secondary % School Community Violence Prevention Grant % Quality Education Investment Act % Common Core State Standards Implementation Funds , % All Other State Revenue All Other , , % TOTAL, OTHER STATE REVENUE 1,591, ,071, % California Dept of Education SACS Financial Reporting Software File: fund-b (Rev 04/09/2014) Page 6 Printed: 6/23/2014 1:30 AM

8 West Covina Unified Los Angeles County July 1 Budget (Single Adoption) Charter Schools Enterprise Fund Expenses by Object Form 62 Description Resource Codes Object Codes Estimated Actuals Budget Percent Difference OTHER LOCAL REVENUE Sales Sale of Equipment/Supplies % Sale of Publications % Food Service Sales % All Other Sales % Leases and Rentals % Interest , , % Net Increase (Decrease) in the Fair Value of Investments % Fees and Contracts Child Development Parent Fees % Transportation Fees From Individuals % Interagency Services % All Other Fees and Contracts % All Other Local Revenue , , % Tuition % All Other Transfers In % Transfers of Apportionments Special Education SELPA Transfers From Districts or Charter Schools % From County Offices % From JPAs % Other Transfers of Apportionments From Districts or Charter Schools All Other % From County Offices All Other % From JPAs All Other % All Other Transfers In from All Others % TOTAL, OTHER LOCAL REVENUE 269, , % TOTAL, REVENUES 9,254, ,473, % California Dept of Education SACS Financial Reporting Software File: fund-b (Rev 04/09/2014) Page 7 Printed: 6/23/2014 1:30 AM

9 West Covina Unified Los Angeles County July 1 Budget (Single Adoption) Charter Schools Enterprise Fund Expenses by Object Form 62 Description Resource Codes Object Codes Estimated Actuals Budget Percent Difference CERTIFICATED SALARIES Certificated Teachers' Salaries ,050, ,369, % Certificated Pupil Support Salaries , , % Certificated Supervisors' and Administrators' Salaries , , % Other Certificated Salaries % TOTAL, CERTIFICATED SALARIES 4,791, ,141, % CLASSIFIED SALARIES Classified Instructional Salaries , , % Classified Support Salaries , , % Classified Supervisors' and Administrators' Salaries , , % Clerical, Technical and Office Salaries , , % Other Classified Salaries , , % TOTAL, CLASSIFIED SALARIES 916, , % EMPLOYEE BENEFITS STRS , , % PERS , , % OASDI/Medicare/Alternative , , % Health and Welfare Benefits , , % Unemployment Insurance , , % Workers' Compensation , , % OPEB, Allocated % OPEB, Active Employees % Other Employee Benefits , , % TOTAL, EMPLOYEE BENEFITS 1,325, ,512, % BOOKS AND SUPPLIES Approved Textbooks and Core Curricula Materials , , % Books and Other Reference Materials % Materials and Supplies , , % Noncapitalized Equipment , , % Food , , % TOTAL, BOOKS AND SUPPLIES 610, , % California Dept of Education SACS Financial Reporting Software File: fund-b (Rev 04/09/2014) Page 8 Printed: 6/23/2014 1:30 AM

10 West Covina Unified Los Angeles County July 1 Budget (Single Adoption) Charter Schools Enterprise Fund Expenses by Object Form 62 Description Resource Codes Object Codes Estimated Actuals Budget Percent Difference SERVICES AND OTHER OPERATING EXPENSES Subagreements for Services % Travel and Conferences , , % Dues and Memberships , , % Insurance , , % Operations and Housekeeping Services , , % Rentals, Leases, Repairs, and Noncapitalized Improvements , , % Transfers of Direct Costs % Transfers of Direct Costs - Interfund % Professional/Consulting Services and Operating Expenditures ,120, ,017, % Communications , , % TOTAL, SERVICES AND OTHER OPERATING EXPENSES 1,575, ,391, % DEPRECIATION Depreciation Expense , , % TOTAL, DEPRECIATION 27, , % OTHER OUTGO (excluding Transfers of Indirect Costs) Tuition Tuition for Instruction Under Interdistrict Attendance Agreements % Tuition, Excess Costs, and/or Deficit Payments Payments to Districts or Charter Schools % Payments to County Offices % Payments to JPAs % Other Transfers Out All Other Transfers % All Other Transfers Out to All Others % Debt Service Debt Service - Interest , , % TOTAL, OTHER OUTGO (excluding Transfers of Indirect Costs) 4, , % California Dept of Education SACS Financial Reporting Software File: fund-b (Rev 04/09/2014) Page 9 Printed: 6/23/2014 1:30 AM

11 West Covina Unified Los Angeles County July 1 Budget (Single Adoption) Charter Schools Enterprise Fund Expenses by Object Form 62 Description Resource Codes Object Codes Estimated Actuals Budget Percent Difference OTHER OUTGO - TRANSFERS OF INDIRECT COSTS Transfers of Indirect Costs % Transfers of Indirect Costs - Interfund % TOTAL, OTHER OUTGO - TRANSFERS OF INDIRECT COSTS % TOTAL, EXPENSES 9,251, ,473, % California Dept of Education SACS Financial Reporting Software File: fund-b (Rev 04/09/2014) Page 10 Printed: 6/23/2014 1:30 AM

12 West Covina Unified Los Angeles County July 1 Budget (Single Adoption) Charter Schools Enterprise Fund Expenses by Object Form 62 Description Resource Codes Object Codes Estimated Actuals Budget Percent Difference INTERFUND TRANSFERS INTERFUND TRANSFERS IN Other Authorized Interfund Transfers In % (a) TOTAL, INTERFUND TRANSFERS IN % INTERFUND TRANSFERS OUT Other Authorized Interfund Transfers Out % (b) TOTAL, INTERFUND TRANSFERS OUT % OTHER SOURCES/USES SOURCES Other Sources Transfers from Funds of Lapsed/Reorganized LEAs % All Other Financing Sources % (c) TOTAL, SOURCES % USES Transfers of Funds from Lapsed/Reorganized LEAs % All Other Financing Uses % (d) TOTAL, USES % CONTRIBUTIONS Contributions from Unrestricted Revenues % Contributions from Restricted Revenues % (e) TOTAL, CONTRIBUTIONS % TOTAL, OTHER FINANCING SOURCES/USES (a - b + c - d + e) % California Dept of Education SACS Financial Reporting Software File: fund-b (Rev 04/09/2014) Page 11 Printed: 6/23/2014 1:30 AM

13 July Budget (For Board Approval) BUDGET SUMMARY Prior Year 2nd Interim Prior Year Estimated Actuals July 1 Final Budget Change from Prior Year Projected P-2 ADA: 1,202 1,199 1,199 - Revenues: General Purpose Entitlement $ 7,174,825 $ 7,159,127 $ 7,894,726 $ 735,599 Federal Revenue 233, , ,816 24,011 Other State Revenue 1,574,785 1,591,810 1,071,281 (520,529) Other Local Revenue 269, , ,000 (19,587) TTL Revenues: $ 9,253,001 $ 9,254,329 $ 9,473,823 $ 219,494 Expenditures: Certificated Salaries $ 4,791,749 $ 4,791,749 $ 5,141,008 $ 349,259 Non-certificated Salaries 916, , ,791 75,734 Benefits 1,261,316 1,325,434 1,512, ,567 Books/Supplies/Materials 610, , ,572 (237,734) Services/Operations 1,590,126 1,575,371 1,391,388 (183,983) Capital Outlay 12,500 27,610 54,834 27,224 Other Outgo - 4,788 9,576 4,788 TTL Expenditures: $ 9,182,055 $ 9,251,316 $ 9,473,170 $ 221,854 Net Income $ 70,947 $ 3,013 $ 653 $ (2,360) Beginning Balance July 1 $ 1,046,694 $ 1,046,694 $ 1,049,707 Ending Balance June 30 $ 1,117,641 $ 1,049,707 $ 1,050,359 Ending Balance as % of Exp.: 12.17% 11.35% 11.09% $10,000,000 TTL Revenues: TTL Expenditures: Ending Balance June 30 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 Prior Year 2nd Interim Prior Year Estimated Actuals July 1 Final Budget

14 July Budget (For Board Approval) BUDGET DETAIL Description Prior Year Estimated Actuals July 1 Final Budget Change from Prior Year Notes/Comments Enrollment P-2 ADA 1, , No change anticipated for now REVENUES General Purpose Entitlement General Purpose Block Grant 5,228,560 5,830, ,792 Increased LCFF funding (see LCFF and Funding Calcs pages) Education Protection Account 1,302,267 1,436, ,807 Increased LCFF funding (see LCFF and Funding Calcs pages) Funding in Lieu of Property Taxes 628, ,300 - Same $/ADA assumed TTL General Purpose Entitlement 7,159,127 7,894, ,599 Federal Revenue Federal IDEA Special Education 140, ,672 24, Other Federal Revenues 93,144 93,144 - TTL Federal Revenue 233, ,816 24,011 Other State Revenue State Special Education Revenue 620, ,835 (18,435) Mandate Block Grant 16,830 16, State Lottery Revenue 181, ,552 3, Add'l State Revenues 773, ,064 (505,620) Common Core & Prop 39 = one-time, + red. in WCUSD backfill TTL Other State Revenue 1,591,810 1,071,281 (520,529) Other Local Revenue Interest 5,000 5, Local Donations/Contributions/Other 264, ,000 (19,587) TTL Other Local Revenue 269, ,000 (19,587) TTL REVENUES 9,254,329 9,473, ,494

15 July Budget (For Board Approval) BUDGET DETAIL Description Prior Year Estimated Actuals July 1 Final Budget Change from Prior Year Notes/Comments EXPENDITURES Certificated Salaries Teachers' Salaries 3,853,143 4,153, , % COLA and Step Increases Certificated Substitutes 20,000 20,000 - Increase in Prof Development and Science/Writing Stipends, Grade Level Lead Teacher's Extra Duty 153, ,322 16,244 Teachers Cert. Health Care In Lieu 24,514 26,690 2, Certificated Support 195, ,330 9, % COLA Support Extra Duty 1,600 4,197 2,597 SLP Extra Duty Certificated Supervisory/Admin 543, ,358 18, % COLA TTL Certificated Salaries 4,791,749 5,141, , Non-Certificated Salaries Instructional Aide Salaries 254, ,523 40, % COLA Classified Substitutes 6,500 6, Classified Extra Duty 9,963 9,100 (863) Class. Health Care In Lieu 6,269 1,700 (4,569) Participation reduction and coding correction Classified Support Salaries 169, ,709 6, % COLA Classified Substitutes 6,568 5,000 (1,568) Reduced based on activity Classified Support Health Care In Lieu - 1,700 1,700 Coding correction from Classified Supervisory/Admin 116, ,000 9, % COLA Clerical/Tech/Office Staff 295, ,973 14, % COLA Clerical/Tech/Office Staff Subs 3,900 4, Clerical/Office Extra Duty 5,831 3,961 (1,870) Clerical/Office Health Care In-Lieu - 2,869 2, Other Classified Salaries 40,885 49,556 8,671 Increased hours 1/2hr day TTL Non-Certificated Salaries 916, ,791 75,734

16 July Budget (For Board Approval) BUDGET DETAIL Description Prior Year Estimated Actuals July 1 Final Budget Change from Prior Year Notes/Comments Employee Benefits STRS Certificated 393, ,021 92, % employer contribution rate + increased teacher costs STRS Classified 1,720 - (1,720) Correction of coding PERS Certificated 2,256 - (2,256) Correction of coding PERS Classified 81,122 93,712 12, employer contribution rate Soc. Sec/Medicare Certificated 70,967 76,095 5,128 Increased payroll Soc. Sec/Medicare Classified 68,786 75,872 7,086 Increased payroll Health Insurance Benefits - Cert 426, ,987 42,010 Assumes 3% increase in benefit costs, $500 increase in Employer cost share Health Insurance Benefits - Class 107, ,109 10,667 Assumes 3% increase in benefit costs, $500 increase in Employer cost share State Umployment Ins - Cert 2,396 2, State Umployment Ins - Class Workmen's Comp Certificated 137, ,230 16,707 Assume 3% rate increase Workmen's Comp Classified 26,291 29,754 3,463 Assume 3% rate increase Other Benefits - certificated 5,167 5,167 - Asssumes life insurance costs equal to Shift Vision to Other Benefits - classified Asssumes life insurance costs equal to Shift Vision to 3401 TTL Employee Benefits 1,325,434 1,512, , Books/Supplies/Materials Textbooks & Reference Material 50,000 50, Student Instructional Materials 331, ,343 (147,824) No Common Core Implementation Funds Office Supplies 6,372 6, Other Supplies 30,500 30, Noncapitalized Equipment 188,267 98,357 (89,910) No Common Core/Prop Food 4,000 4,000 - TTL Books/Supplies/Materials 610, ,572 (237,734)

17 July Budget (For Board Approval) BUDGET DETAIL Description Prior Year Estimated Actuals July 1 Final Budget Change from Prior Year Notes/Comments Services & Operations Travel and Conferences 70,250 22,000 (48,250) No Common Core Implementation Funds Dues and Memberships 14,450 9,620 (4,830) Liability Insurance 55,000 41,300 (13,700) Operation and Housekeeping Services 37,000 - (37,000) Utilities (General) 3,000 - (3,000) Janitorial 184, ,000 90,438 WCUSD M & O Facility charges and repairs Equipment Leases 55,335 8,000 (47,335) Capital leases removed from expenses. Annual depreciation expense Maintenance & Repair 32,555 6,100 (26,455) Professional/Consulting Services 535, ,399 (125,134) No Common Core/Prop Legal 42,273 20,000 (22,273) Reduction in expected legal fees Audit/CPA Costs 12,800 13, Increase in estimated fees DMS Business Services 162, , Authorizer Oversight Fee 215, ,400 58,155 Oversight fee plus nutrition program costs Interest on Short-Term Debt (<1 yr) 92,369 92,369 - Assume same as Bank Fees 6,200 - (6,200) Livescan (Fingerprinting) Instructional Consultants - 45,000 45,000 Summer school program services Other Services 54,800 - (54,800) Telephone - 7,800 7, Telecom/Internet - 2,500 2, Postage 2,000 2,000 - TTL Services & Operations 1,575,371 1,391,388 (183,983)

18 July Budget (For Board Approval) BUDGET DETAIL Description Prior Year Estimated Actuals July 1 Final Budget Change from Prior Year Notes/Comments Capital Outlay Depreciation 27,610 54,834 27,224 Updated based on most recent schedule TTL Capital Outlay 27,610 54,834 27, Other Outgo Interest on Long-Term Debt (>1yr) 4,788 9,576 4,788 Computer lease interest payments TTL Other Outgo 4,788 9,576 4,788 TTL EXPENDITURES 9,251,316 9,473, ,854 Revenues less Expenditures 3, (2,360) Beginning Fund Balance 1,046,694 1,049,707 Net Revenues 3, ENDING BALANCE 1,049,707 1,050,359 ENDING BALANCE AS % OF OUTGO 11.35% 11.09%

19 July Budget (For Board Approval) MULTI-YEAR PROJECTION SUMMARY July 1 Final Budget (YEAR 2) (YEAR 3) Projected P-2 ADA: 1, , , Revenues: General Purpose Entitlement $ 7,894,726 $ 8,606,003 $ 8,955,641 Federal Revenue 257, , ,816 Other State Revenue 1,071,281 1,005, ,217 Other Local Revenue 250, , ,000 TTL Revenues: $ 9,473,823 $ 10,119,536 $ 10,391,674 Expenditures: Certificated Salaries $ 5,141,008 $ 5,345,581 $ 5,511,294 Non-certificated Salaries 991,791 1,031,327 1,063,298 Benefits 1,512,001 1,660,535 1,825,109 Books/Supplies/Materials 372, , ,714 Services/Operations 1,391,388 1,404,848 1,444,877 Capital Outlay 54,834 67,224 67,224 Other Outgo 9,576 14,364 14,364 TTL Expenditures: $ 9,473,170 $ 9,964,919 $ 10,318,880 Net Income $ 653 $ 154,617 $ 72,794 Beginning Balance July 1 $ 1,049,707 $ 1,050,359 $ 1,204,976 Ending Balance June 30 $ 1,050,359 $ 1,204,976 $ 1,277,770 Ending Balance as % of Exp.: 11.1% 12.1% 12.4% $12,000,000 TTL Revenues: TTL Expenditures: Ending Balance June 30 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 July 1 Final Budget (YEAR 2) (YEAR 3)

20 July Budget (For Board Approval) Projected Monthly Cash Flow Statement Description Budget July August September October November December January February March April May June Accruals Total For Year BEGINNING CASH 2,491,988 2,730,003 2,421,330 1,408,625 1,528,802 1,393,823 1,210,167 1,445,401 1,287,060 1,372,888 1,797,602 1,552, ,160 2,491,988 CASH INFLOWS REVENUES General Purpose Block Grant 5,830, , , , , , , , , , ,500 1,431,287 5,830,352 Education Protection Account 1,436, , , , ,470 1,436,074 Prior Year Corrections In Lieu Of Property Taxes 628,300 37,698 75,396 50,264 50,264 50,264 50,264 50,264 87,962 43,981 43,981 43,981 43, ,300 Federal Revenues 257,816 42,969 42,969 42,969 42,969 42,969 42, ,816 Lottery Revenues 184,552 33,367 33, , ,552 Other State Revenues 886,729 11,897 65,397 21,415 27,123 21,415 38,402 71,568 89,873 89,873 51, , ,729 Other Local Revenues 250,000 20,833 20,833 20,833 20,833 20,833 20,833 20,833 20,833 20,833 20,833 20,833 20, ,000 TTL REVENUES 9,473,823 20, , , , , , , , ,567 1,171, ,221 64,814 2,426,352 9,473,823 EXPENDITURES All Certificated Salaries 5,141,008 65, , , , , , , , , , , , ,417 5,141,008 All Classified Salaries 991,791 41,325 76,292 76,292 76,292 76,292 76,292 76,292 76,292 76,292 76,292 76,292 76, , ,791 All Benefits 1,512,001 26, , , , , , , , , , , , ,028 1,512,001 All Materials & Supplies 372,572 18,629 18,629 46,572 46,572 24,838 24,838 24,838 49,676 24,838 24,838 24,838 24,838 18, ,572 All Services and Operations 1,391,388 92,759 92,759 92,759 92,759 92,759 92,759 92,759 92,759 92,759 92,759 92,759 92, ,278 1,391,388 All Capital Outlay 54,834 54,834 54,834 All Other Outgo 9,576 9,576 9,576 TTL EXPENSES 9,473, , , , , , , , , , , , , ,020 9,473,170 OTHER CASH INFLOWS/OUTFLOWS Accounts Receivable (net change) 1,327, , ,743 1,917,052 Loan Proceeds and other Cash Inflows Net Change in Payables (866,201) (866,201) Fixed Asset Acquisitions (54,834) (54,834) Loan Repayment and Other Outflows (1,200,000) (1,200,000) TTL OTHER INFLOWS/OUTFLOWS 461, ,000 (710,257) (54,834) (203,983) ENDING CASH BALANCE 2,730,003 2,421,330 1,408,625 1,528,802 1,393,823 1,210,167 1,445,401 1,287,060 1,372,888 1,797,602 1,552, ,160 2,288,658 ENDING CASH BALANCE 3,000,000 2,500,000 2,000,000 1,500,000 1,000, ,000 July August September October November December January February March April May June Accruals

21 July Budget (For Board Approval) Projected Monthly Cash Flow Statement Description Budget July August September October November December January February March April May June Accruals Total For Year BEGINNING CASH 870,160 1,609,909 1,603,371 1,698,299 1,552,979 1,433,387 1,737,267 1,663,812 1,514,817 2,052,369 2,140,745 1,877,717 1,583, ,160 CASH INFLOWS REVENUES General Purpose Block Grant 6,412, , , , , , , , , , ,500 1,552,831 6,412,245 Education Protection Account 1,565, , , , ,711 1,565,458 Prior Year Corrections In Lieu Of Property Taxes 628,300 37,698 75,396 50,264 50,264 50,264 50,264 50,264 87,962 43,981 43,981 43,981 43, ,300 Federal Revenues 257,816 32,227 64,454 64,454 36,831 36,831 23, ,816 Lottery Revenues 184,552 46,138 46,138 92, ,552 Other State Revenues 821,165 37,332 37,332 67,198 67,198 67,198 67,198 67,198 82,102 82,102 47, , ,165 Other Local Revenues 250,000 6,250 6,250 22,727 22,727 22,727 22,727 22,727 22,727 22,727 22,727 22,727 22,727 10, ,000 TTL CASH INFLOWS 10,119,536 6, , , , ,921 1,088, , ,921 1,322, , , ,419 1,921,194 10,119,536 EXPENDITURES All Certificated Salaries 5,345,581 67, , , , , , , , , , , , ,879 5,345,581 All Classified Salaries 1,031,327 42,972 79,333 79,333 79,333 79,333 79,333 79,333 79,333 79,333 79,333 79,333 79, ,694 1,031,327 All Benefits 1,660,535 28, , , , , , , , , , , , ,525 1,660,535 All Materials & Supplies 441,041 22,052 22,052 55,130 55,130 29,403 29,403 29,403 58,805 29,403 29,403 29,403 29,403 22, ,041 All Services and Operations 1,404,848 93,657 93,657 93,657 93,657 93,657 93,657 93,657 93,657 93,657 93,657 93,657 93, ,970 1,404,848 All Capital Outlay 67,224 67,224 67,224 All Other Outgo 14,364 14,364 14,364 TTL CASH OUTFLOWS 9,964, , , , , , , , , , , , ,514 1,006,707 9,964,919 Accounts Receivable (net change) 1,941, ,827 86,950 2,426,352 Loan Proceeds and other Cash Inflows Net Change in Payables (953,020) (953,020) Fixed Asset Acquisitions Loan Repayment and Other Outflows NET INFLOWS/OUTFLOWS 988, ,827 86,950 ENDING CASH BALANCE 1,609,909 1,603,371 1,698,299 1,552,979 1,433,387 1,737,267 1,663,812 1,514,817 2,052,369 2,140,745 1,877,717 1,583,622 2,498,109 3,000,000 2,500,000 2,000,000 1,500,000 1,000, ,000 ENDING CASH BALANCE July August September October November December January February March April May June Accruals

22 July Budget (For Board Approval) LOCAL CONTROL FUNDING FORMULA CALCULATOR ( YEAR 1) STEP 1: Calculate Start Point ( Actual Funding) General Purpose Block Grant 4,239, Education Protection Account 1,302, In-Lieu-Of Property Taxes 546, Categorical Block Grant (Main Portion) 482, Categorical Block Grant (EIA Portion) 100, K-3 Class Size Reduction Supplemental Categorical Grant Other "Flexed" Categoricals Actual Funding Total: $ 6,672, P-2 ADA: divided by 1, Actual Funding Per ADA: $ 5, Step 2: Calculate LCFF Target Amount: Projected Enrollment: 1, Total Unduplicated Count of Free/Red Lunch, EL and Foster Students: Unduplicated % ( Enrollment / UC): 47.93% Local District Unduplicated % (if school U% is over 55%): 70.17% ADA Base Grant K-3 / 9-12 Add-on Supp. Grant Conc. Grant Total Target K-3 ADA: , ,549, ADA: , ,114, ADA: , ,118, ADA: - 8, Totals: 1, ,535, , ,500-9,781,584 LCFF Target: $ 9,781, P-2 ADA: divided by 1, LCFF Target Per ADA: $ 8, Step 3: Calculate Current Year LCFF Funding: LCFF Target: $ 9,781,584 Starting Amount ( Actual Funding Per ADA x ADA): (6,819,950) Prior Year Gap per ADA x ADA: (339,177) Total Revised Gap Amount: $ 2,622,457 Percentage of Gap Covered in : % Dollar Amount of Gap Coverage: $ 735,599 Total LCFF Funding ( Funding Gap Coverage): $ 7,894,726 Total LCFF Funding Per ADA: $ 6, % Change in $/ADA Funding from to : %

23 July Budget (For Board Approval) LOCAL CONTROL FUNDING FORMULA CALCULATOR ( YEAR 2) STEP 1: Calculate Start Point ( Actual Funding) General Purpose Block Grant 4,239, General Purpose Block Grant 1,302, In-Lieu-Of Property Taxes 546, Categorical Block Grant (Main Portion) 482, Categorical Block Grant (Main Portion) 100, K-3 Class Size Reduction Supplemental Categorical Grant Other "Flexed" Categoricals Actual Funding Total: $ 6,672, P-2 ADA: divided by 1, Actual Funding Per ADA: $ 5, Step 2: Calculate LCFF Target Amount: Projected Enrollment: 1, Total Unduplicated Count of Free/Red Lunch, EL and Foster Students: Unduplicated % (13-14,14-15 & Enrollment / 13-14, & U 47.93% Local District Unduplicated %: 70.17% ADA Base Grant K-3 / 9-12 Add-on Supp. Grant Conc. Grant Total Target K-3 ADA: , ,646, ADA: , ,180, ADA: , ,162, ADA: - 8, Totals: 1, ,716, , ,029-9,989,798 LCFF Target: $ 9,989, P-2 ADA: divided by 1, LCFF Target Per ADA: $ 8, Step 3: Calculate Current Year LCFF Funding: LCFF Target: $ 9,989,798 Starting Amount ( Actual Funding Per ADA x ADA): (6,819,950) Prior Year Gaps per ADA x ADA: (1,074,776) Total Revised Gap Amount: $ 2,095,072 Percentage of Gap Covered in : % Dollar Amount of Gap Coverage: $ 711,277 Total LCFF Funding ( Funding Gap Coverage): $ 8,606,003 Total LCFF Funding Per ADA: $ 7, % Change in $/ADA Funding from to : 9.010%

24 July Budget (For Board Approval) LOCAL CONTROL FUNDING FORMULA CALCULATOR ( YEAR 3) STEP 1: Calculate Start Point ( Actual Funding) General Purpose Block Grant 4,239, General Purpose Block Grant 1,302, In-Lieu-Of Property Taxes 546, Categorical Block Grant (Main Portion) 482, Categorical Block Grant (Main Portion) 100, K-3 Class Size Reduction Supplemental Categorical Grant Other "Flexed" Categoricals Actual Funding Total: $ 6,672, P-2 ADA: divided by 1, Actual Funding Per ADA: $ 5, Step 2: Calculate LCFF Target Amount: Projected Enrollment: 1, Total Unduplicated Count of Free/Red Lunch, EL and Foster Students: Unduplicated % (14-15,15-16 & Enrollment / 14-15, & U 47.93% Local District Unduplicated %: 70.17% ADA Base Grant K-3 / 9-12 Add-on Supp. Grant Conc. Grant Total Target K-3 ADA: , ,752, ADA: , ,253, ADA: , ,212, ADA: - 8, Totals: 1, ,916, , ,020-10,219,467 LCFF Target: $ 10,219, P-2 ADA: divided by 1, LCFF Target Per ADA: $ 8, Step 3: Calculate Current Year LCFF Funding: LCFF Target: $ 10,219,467 Starting Amount ( Actual Funding Per ADA x ADA): (6,819,950) Prior Year Gaps per ADA x ADA: (1,786,053) Total Revised Gap Amount: $ 1,613,464 Percentage of Gap Covered in : % Dollar Amount of Gap Coverage: $ 349,638 Total LCFF Funding ( Funding Gap Coverage): $ 8,955,641 Total LCFF Funding Per ADA: $ 7, % Change in $/ADA Funding from to : 4.063%

25 July Budget (For Board Approval) FUNDING CALCULATIONS (Year 1) Net State Funding COLA over prior year = 0.85% GENERAL PURPOSE ENTITLEMENT $/ADA ADA Subtotal Total LCFF Funding (see LCFF page): $ 6, , $ 7,894,726 TOTALS State Aid Portion: $ 4, , ,830, Education Protection Account Portion: $ 1, , ,436, Local In-Lieu-Of Property Tax Portion: $ , $ 628, TOTAL GENERAL PURPOSE ENTITLEMENT $ 7,894, FEDERAL REVENUES Title I Funding $ 68,144 Title II Part A 25,000 Title III LEP - Total Federal ESEA Funding: 93, Other Federal Revenues Federal IDEA Special Education 164, MAA Funding - REAP Funding - Other Federal Revenue - Total Other Federal Revenues: 164, TOTAL FEDERAL REVENUES $ 257, OTHER STATE REVENUES Non-Prop 20 Lottery (using P-2 ADA) $ , , Prop 20 Lottery (using P-2 ADA): ,175 36, Additional Other State Revenues State Lunch Program Revenues - Mandate Block Grant 16, Facility Grant Program (lesser of 75% or $750/ADA) - State Special Education (AB602) 536, SPED Mental Health (Tier 1) 65, SPED Mental Health (Tier 2) - Prior Year Corrections/Adjustments - Updated WCUSD Backfill (Year 2 of LCFF) 268, Other State Revenues - 184, Total Additional Other State Revenues: 886, TOTAL OTHER STATE REVENUES $ 1,071, OTHER LOCAL REVENUES Interest Earnings $ 5, Local Donations/Contributions - Local Lunch Revenues - Extended Day Program 245, Other Local Revenues - TOTAL OTHER LOCAL REVENUES $ 250, TOTAL REVENUES $ 9,473,822.99

26 July Budget (For Board Approval) FUNDING CALCULATIONS (Year 2) Net State Funding COLA over prior year = 2.12% GENERAL PURPOSE ENTITLEMENT $/ADA ADA Subtotal Total LCFF Funding (see LCFF page): $ 7, , $ 8,606,003 TOTALS State Aid Portion: $ 5, , ,412, Education Protection Account Portion: $ 1, , ,565, Local In-Lieu-Of Property Tax Portion: $ , $ 628, TOTAL GENERAL PURPOSE ENTITLEMENT $ 8,606, FEDERAL REVENUES Title I Funding $ 68,144 Title II Part A 25,000 Title III LEP - Total Federal ESEA Funding: 93, Other Federal Revenues Federal IDEA Special Education 164, MAA Funding - REAP Funding - Other Federal Revenue - Total Other Federal Revenues: 164, TOTAL FEDERAL REVENUES $ 257, OTHER STATE REVENUES Non-Prop 20 Lottery (using P-2 ADA) $ , , Prop 20 Lottery (using P-2 ADA): ,175 36, Additional Other State Revenues State Lunch Program Revenues - Mandate Block Grant 16, Facility Grant Program (lesser of 75% or $750/ADA) - State Special Education (AB602) 536, SPED Mental Health (Tier 1) 65, SPED Mental Health (Tier 2) - Prior Year Corrections/Adjustments - Updated WCUSD Backfill (Year 3 of LCFF) 202, Other State Revenues - 184, Total Additional Other State Revenues: 821, TOTAL OTHER STATE REVENUES $ 1,005, OTHER LOCAL REVENUES Interest Earnings $ 5, Local Donations/Contributions - Local Lunch Revenues - Extended Day Program 245, Other Local Revenues - TOTAL OTHER LOCAL REVENUES $ 250, TOTAL REVENUES $ 10,119,535.99

27 July Budget (For Board Approval) FUNDING CALCULATIONS (Year 3) Net State Funding COLA over prior year = 2.30% GENERAL PURPOSE ENTITLEMENT $/ADA ADA Subtotal Total LCFF Funding (see LCFF page): $ 7, , $ 8,955,641 TOTALS State Aid Portion: $ 6, , ,698, Education Protection Account Portion: $ 1, , ,629, Local In-Lieu-Of Property Tax Portion: $ , $ 628, TOTAL GENERAL PURPOSE ENTITLEMENT $ 8,955, FEDERAL REVENUES Title I Funding $ 68,144 Title II Part A 25,000 Title III LEP - Total Federal ESEA Funding: 93, Other Federal Revenues Federal IDEA Special Education 164, MAA Funding - REAP Funding - Other Federal Revenue - Total Other Federal Revenues: 164, TOTAL FEDERAL REVENUES $ 257, OTHER STATE REVENUES Non-Prop 20 Lottery (using P-2 ADA) $ , , Prop 20 Lottery (using P-2 ADA): ,175 36, Additional Other State Revenues State Lunch Program Revenues - Mandate Block Grant 16, Facility Grant Program (lesser of 75% or $750/ADA) - State Special Education (AB602) 536, SPED Mental Health (Tier 1) 65, SPED Mental Health (Tier 2) - Prior Year Corrections/Adjustments - Updated WCUSD Backfill (Year 4 of LCFF) 125, Other State Revenues - 184, Total Additional Other State Revenues: 743, TOTAL OTHER STATE REVENUES $ 928, OTHER LOCAL REVENUES Interest Earnings $ 5, Local Donations/Contributions - Local Lunch Revenues - Extended Day Program 245, Other Local Revenues - TOTAL OTHER LOCAL REVENUES $ 250, TOTAL REVENUES $ 10,391,673.99

28 July Budget (For Board Approval) LCAP PROPORTIONALITY CALCULATION (14-15 through 16-17) STEP 1: Determine Target Supplemental and Concentration Grant funding: LCFF Target Supplemental Grant: 855, , ,020 LCFF Target Concentration Grant Total Target Supplemental & Concentration Grant Funding: $ 855,500 $ 874,029 $ 894,020 Step 2: Determine Prior Year Expenditures to Support Unduplicated Pupils: Prior Year Unduplicated Pupil Expense: 100, , ,099 Total Expenditures to Support Unduplicated Pupils: $ 100,724 $ 312,439 $ 503,099 Step 3: Calculate the Gap between PY Expenses and Target Supp.+Conc. Grants: Total Target Supplemental & Concentration Grant Funding: 855, , ,020 Total Prior Year Expenditures to Support Unduplicated Pupils: (100,724) (312,439) (503,099) Total Gap between PY Expenses and Target Supp.+Conc. Grants: $ 754,776 $ 561,590 $ 390,922 Step 4. Calculate the increase in estimated supplemental and concentration grant funding: Total Gap between PY Expenses and Target Supp.+Conc. Grants: 754, , ,922 Percentage of LCFF gap funded in current year: 28.05% 33.95% 21.67% Required Increase Needed in Supp/Conc. Expenses: $ 211,715 $ 190,660 $ 84,713 Step 5. Calculate total estimated supplemental and concentration grant funding: Total Prior Year Expenditures to Support Unduplicated Pupils: 100, , ,099 Required Increase Needed: 211, ,660 84,713 Total Supp/Conc. Spending Needed in Current Year: $ 312,439 $ 503,099 $ 587,811 Step 6 & 7: Calculate Minimum Proportionality Percentage: Total Current Year supplemental and concentration grant funding: 312, , ,811 Total Current Year LCFF Funding 7,894,726 8,606,003 8,955,641 Total Minimum Proportionality Percentage: 3.96% 5.85% 6.56%

29 Education Protection Account Spending Summary Fiscal Year: Estimated Education Protection Account (EPA) Revenues: 1,302, EPA Expenditures on Teacher Salaries & Benefits: 1,302, Unspent EPA Revenues: Fiscal Year: Estimated Education Protection Account (EPA) Revenues: 1,436, EPA Expenditures on Teacher Salaries & Benefits: 1,436, Unspent EPA Revenues: Fiscal Year: Estimated Education Protection Account (EPA) Revenues: 1,565, EPA Expenditures on Teacher Salaries & Benefits: 1,565, Unspent EPA Revenues: - EPA Requirements Met in Each Year? YES