FINANCIAL STATEMENTS MARCH, 2006 FINANCIAL BRIEFS DANIEL L. WILSON, CHIEF FINANCIAL OFFICER

Transcription

1 THE CORNERSTONE OF THE COMMUNITY 6451 Center Street, Mentor, Ohio phone: facsimile: Administration Building Jacqueline A. Hoynes, Ph.D. Superintendent Daniel L. Wilson Chief Financial Officer Board of Education William J. Shaw, President Richard D. Cicero, Vice President Gwen J. Corban, Member Alan J. Mihok, Member Andrew J. Sparacia, Member FINANCIAL STATEMENTS MARCH, 2006 FINANCIAL BRIEFS DANIEL L. WILSON, CHIEF FINANCIAL OFFICER Educating students from Mentor, Mentor-on-the-Lake, Concord Township and Kirtland Hills

2 INDEX FINANCIAL AND MISCELLANEOUS BRIEFS CHARTS BANK RECONCILIATION CONSOLIDATED INVESTMENT PORTFOLIO FUND POSITION REPORT REVENUE AND CASH POSITION REPORT APPROPRIATION EXPENDITURE REPORT CHECK REGISTER

3 FINANCIAL AND MISCELLANEOUS BRIEFS

4 MENTOR PUBLIC SCHOOLS BOARD OF EDUCATION MENTOR, OHIO April 5, 2006 TO: Members, Mentor Board of Education SUBJECT: Financial Briefs I. GENERAL FUND (as of March 31, 2006) Unaudited A. INCOME 1. Property Taxes, Real Estate... $56,462,966 received to date which is 105.1% of budget revenue. Last year at this time we had received $51,084,835 which was 104.5% of budget revenue. We are continuing to receive collections from the August mill Emergency Levy. This will be the first full fiscal year of collections which are estimated to be $15,015, Property Taxes, Tangible... $12,920,866 has been received to date which is 105.6% of budgeted revenue. Last year at this time we had received $8,791,039 or 76.1% of budgeted revenue. This revenue source continues to be phased out as a result of legislative and judicial actions. As a result of a favorable revenue year, we are able to discontinue the unofficial borrowing that began several years ago with the request to receive an early advance against second half personal property tax proceeds normally received after July 1 st.

5 Financial & Miscellaneous Briefs April 5, 2006 Page 2 3. Interest from Investments... $701,340 received year to date which is 182.2% of budgeted revenue. Last year at this time we had received $172,771 or 164.5% of budget revenue. We are keeping maturities short in anticipation of additional Federal Reserve rate increases. 4. State Sources... Foundation program receipts are $12,850,042 gross which is 77% of budget revenue. Last year at this time we received $12,555,614 or 75% of budgeted revenue. Beginning in August 2004 our Foundation receipts are being reduced to repay the $17,000,000 advanced to us in Fiscal year to date, $6,375,000 has been repaid. 5. Total Income... $82,634,673 net received this fiscal year which represents 97.8% of budgeted revenue. Last year at this time we had received $79,735,890 or 94.2% of budget revenue. B. EXPENSES 1. Payroll... Total payroll expense to date is $39,238,687 which is $485,263 more than last year. This represents 74.2% of the payroll budget. Average payroll expense for the fiscal year is $1,961,934 which represents a 1.3% increase from last year s payroll.

6 Financial & Miscellaneous Briefs April 5, 2006 Page 3 2. Total Expense... $59,167,524 which is $421,639, or.7% more than the expenditure level for fiscal year % of the budget has been spent and encumbered with 75% of the budget year completed. Last year at this time we had spent 73.8% of the budget. II. CONCLUSIONS 1. Cash balance is $33,894,798 with encumbrances for outstanding purchase orders of $2,828,968 for an unencumbered balance of $31,065,829. Last year, the March 31, 2005 unencumbered balance was $20,071, The $2, cash deficit for SDFSC Title IV-A 06, Fund 584, is the result of a delay in the receipt of a requested advance from the Ohio Department of Education. III. NOTES 1. I am still finalizing a monthly budget proration that is necessary to provide a monthly variance analysis in the monthly report. We have been consulting with other Ohio Pentamation users and also Pentamation Customer Service. Financial Statements March 31, 2006

7 CHARTS

8 MENTOR PUBLIC SCHOOLS GENERAL FUND YEAR TO DATE $90,000,000 $82,634,673 $80,000,000 $70,000,000 $59,167,524 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $0 RECEIPTS EXPENSES March 31, 2006

9 MENTOR PUBLIC SCHOOLS GENERAL FUND CASH BALANCE $35,000,000 $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 -$5,000,000 -$10,000,000 Jul Aug Sept Oct Nov March 31, 2006 Dec Jan Feb Mar Apr May Jun

10 MENTOR PUBLIC SCHOOLS GENERAL FUND RECEIPTS $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 JULY AUG. SEPT. OCT. NOV. DEC. JAN. FEB. MAR. APR. MAY JUNE March 31, 2006

11 MENTOR PUBLIC SCHOOLS GENERAL FUND EXPENSES $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 JULY AUG. SEPT. OCT. NOV. DEC. JAN. FEB. MAR. APR. MAY JUNE March 31, 2006

12 BANK RECONCILIATION

13

14 RECONCILIATION 3/31/2006 BALANCE PER MENTOR BOARD BOOKS -355, INT SEE BELOW VISA FEES DEP TICKET ORDER PAYROLL CKS AFLCAS CK corrections NSF ITEMS (SEE ATTACHED) 0.00 DEP MADE REC NOT WRITTEN 3, ENDING BALANCE PER BOOKS -352, BALANCE PER BANK STATEMENT 144, OUTSTANDING CHECKS -526, OUTSTANDING DEPOSITS 28, BANK ERRORS (SEE ATTACHED) ENDING BALANCE PER STATEMENT -352, DIFF Prepared by Treasurer's Office 4/4/2006

15 INVESTMENTS 3/31/2006 BY FUND NUMBER GENERAL GENERAL BOND RET. PERM. IMP. FED TOTALS 1,103, ,000, , , , ,009, ,000, ,000, , , ,900, ,800, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, TRUST S/A ROTARY OTHER GRANTS AUX F.S. TOTALS 17, , , , , , , TOTALS BY BANKS 39,703, JPMORGAN CHARTERONE CHARTERONE HUNTINGTON FIRST MERIT TOTALS 1,703, ,000, ,000, ,000, ,703, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,703, ,000, ,000, ,000, ,703, Prepared by Treasurer's Office 4/4/2006

16 CONSOLIDATED INVESTMENT PORTFOLIO

17 Interest Summary - Comparison Mar 2005 Mar 2005 Mar 2006 Mar 2006 FUND MTD YTD MTD YTD GENERAL $ 18, $ 172, $ 53, $ 701, PERMANENT IMPROVEMENT 2, , , , BUILDING FUND FOOD SERVICE , TRUST ROTARY SCHOOL SUPPORT OTHER GRANTS , , INSURANCE STUDENT ACTIVITIES , ATHLETICS AUXILLARY , , TOTAL $ 21, $ 191, $ 61, $ 752, Filename: Investments Mar 06 Prepared by: Nancy Leonard 4/4/2006

18 Investment Quotes Mar-06 NUMBER OF DAYS DATES 3/30/2006 3/30/2006 3/30/2006 3/30/2006 4/6/2006 4/20/2006 5/4/2006 5/11/2006 AMOUNT INVESTED 3,000, ,000, ,000, ,000, JP MORGAN/BANK ONE CHARTERONE CD 4.775% 4.775% 4.775% 4.775% CHARTERONE HIGH BAL FIRST MERIT CD 4.500% 4.550% 4.610% % APRIL AGENCY DN 4.770% 4.770% 4.770% 4.770% 5/3 CD APRIL AGENCY DN MAY AGENCY DN JUNE AGENCY DN JULY AGENCY DN AUG AGENCY DN SEPT AGENCY DN DEC AGENCY DN Filename: Investments Mar 06 Prepared by: Nancy Leonard 4/4/2006

19 Investment Activity and s INVESTMENTS 3/31/2006 MATURITY INTEREST FUND AMOUNT INSTITUTION DATE RATE INTEREST General $3,000, Charterone 4/6/ % $2, General $1,000, Charterone 4/20/ % 2, General $3,000, Charterone 5/4/ % 13, General $7,000, Charterone 5/11/ % 38, General $1,000, Charterone 5/11/ % 5, General $100, Charterone 5/11/ % General $1,900, Charterone 5/11/ % 10, $17,000, $74, INVESTMENT INVENTORY AS OF MARCH 31, 2005 DATE ORIGINALLY MATURITY INTEREST INSTITUITION AMOUNT INVESTED DATE RATE Bank One # ,700, /27/2000 OPEN 4.540% Charterone # ,000, /8/2005 OPEN 4.500% Charterone CD 5,000, /12/2006 6/12/ % Charterone CD 3,000, /30/2006 4/6/ % Charterone CD 1,000, /8/2006 4/13/ % Charterone CD 1,000, /30/2006 4/20/ % Charterone CD 3,000, /30/2006 5/4/ % Charterone CD 10,000, /30/2006 5/11/ % First Merit CD 1,000, /8/2006 5/12/ % First Merit CD 5,000, /16/2006 5/17/ % Charterone CD 3,000, /16/2006 6/16/ % First Merit CD 1,000, /8/2006 7/14/ % First Merit CD 1,000, /8/2006 8/7/ % Charterone CD 1,000, /8/2006 9/6/ % Charterone CD 1,000, /8/ /5/ % TOTAL 39,700, Filename: Investments Mar 06 Prepared by: Nancy Leonard 4/4/2006

20 To: DAN WILSON MENTOR EVS Consolidated Investment Portfolio As of: 03/31/2006 From: Productive Portfolios, Inc. Cpn Maturity Purch. Settle Call Feature Days To S/K Type Par Rate Yield or Note Maturity Bank One Savings 1,700, % 04/01/ % 03/31/06 1 Charter One NOW 2,000, % 04/01/ % 03/31/06 1 Chrtr One CD 3,000, % 04/06/ % 03/30/06 6 Chrtr One CD 1,000, % 04/13/ % 02/08/06 13 Chrtr One CD 1,000, % 04/20/ % 03/30/06 20 Chrtr One CD 3,000, % 05/04/ % 03/30/06 34 Chrtr One CD 10,000, % 05/11/ % 03/30/06 41 First Merit CD 1,000, % 05/12/ % 02/08/06 42 First Merit CD 5,000, % 05/17/ % 02/16/06 47 Chrtr One CD 5,000, % 06/12/ % 01/12/06 73 Chrtr One CD 3,000, % 06/16/ % 02/16/06 77 First Merit CD 1,000, % 07/14/ % 02/08/ First Merit CD 1,000, % 08/07/ % 02/08/ Chrtr One CD 1,000, % 09/06/ % 02/08/ Chrtr One CD 1,000, % 12/05/ % 02/08/ SUMMARY INFORMATION Par Weighted Maturity - Days Weighted Yield All Investments 39,700, % Securities Only 36,000, % 30,000,000 Yield and Maturity Distribution 5.50% P a r 25,000,000 20,000,000 15,000,000 10,000,000 5,000, % 4.50% 4.00% Y i e l d 0 <1 mo Months to Maturity Par (Left) Yield (Right) 3.50% Printed: 4/4/2006 3:05 PM

21 FUND POSITION REPORT

22 Fund Position Report For the month ending March 31, 2006 : 4/3/06 Time: 02:31PM Fund Group Fund Group Title Beginning Cash Month to Receipts Year to Receipts Month to Spent Year to Spent Available Encumbrances Outstanding 001 GENERAL FUND 10,427, ,323, ,634, ,604, ,167, ,894, ,828, ,065, DEBT RETIREMENT 1,021, ,123, ,230, , ,187, ,064, ,064, PERMANENT IMPROVEMENT 1,313, , ,151, , , ,719, , ,496, FOOD SERVICES 54, , ,777, , ,639, , , (156,486.07) 007 SPECIAL TRUST 85, , , , , , , , UNIFORM SCHOOL SUPPLIES 260, , , , , , , , ROTARY FUND-SPECIAL SVCS 68, , , ADULT EDUCATION 5, , , , , INTERNAL SERVICES ROTARY 122, , , , , , , , PUBLIC SCHOOL SUPPORT 137, , , , , , , , OTHER GRANTS 345, , , , , , , EMPLOYEE BENEFIT-SELF INS 4, , , STUDENT MANAGED ACTIVITY 483, , , , , , , , ATHLETIC ACTIVITIES 160, , , , , , , , AUXILIARY SERVICES 216, , ,184, , , , , , MANAGEMENT INFO SYSTEM 21, , , , , , , ENTRY YEAR PROGRAMS 3, , , , , , , SCHOOL NET 46, , DATA COMMUNICATIONS 1, , , , , , , SCHOOL NET PROF DEVELOP , , , OHIO READS 16, , , , , , , STUDENT INTERVENTION 17, , , VOC EDUCATION ENHANCEMENT , (2,114.25) 499 MISCELLANEOUS STATE GRANT 21, , , , , , IDEA, PART B SPECIAL EDUC 104, , ,742, , ,705, , , , VOC ED-PERKINS VOC ED ACT 29, , , , , , , TITLE III-LTD ENGLISH PRO , , , , , , TITLE I-TARGETED ASSIST 14, , , , , , , , TITLE V-INNOVATIVE EDUC , , , , , (2,855.07) 584 DRUG FREE SCHOOL GRANT 3, , , , , (2,860.74) 2, (5,299.77) 587 IDEA PRESCHOOL-HANDICAP 24, , , , , , , , E-RATE REIMBURSEMENT 111, , , , , , , IMPROVING TEACHER QUALITY 6, , , , , , , MISC FEDERAL GRANTS 32, , , , , , , , Report Total 15,162, ,280, ,914, ,465, ,724, ,352, ,377, ,974, Report: \\Mboeadmsql\Applications\pei\cognos\reports\Finance\Cash Reports\Fund Position Rpt by Fund Grp.imr Page 1 of 1

23 REVENUE AND CASH POSITION REPORT

24 Revenue Report by Fund For the year-to-date period ended March 31, 2006 Receipt Code Description Estimated Revenue MTD Rec YTD Rec of Estimated % Received to date Prior YTD Receipts 001 GENERAL FUND 1110 REAL ESTATE TAX 53,735, ,121, ,462, (2,727,614.79) % 51,084, PERSONAL PROPERTY TAX 12,235, (386,435.88) 12,920, (684,988.84) % 8,791, TUITION PATRON REG DAY 30, , , % 25, TUITION PATRON MISC. 35, , , (57,829.25) % 32, TUITION OTH DIS DAY SCHOO 225, , , % 158, TUITION O/D SPEC. ED. 375, , , , % 642, TUITION O/D VOC. ED. 150, , , , % 132, TUITION OPEN ENROLLMENT (415.36) OTHER TUITION , (3,764.20) 3, OTHER TRANSPORTATION FEES 80, , , , % 62, EARNINGS ON INVESTMENTS 385, , , (316,340.01) % 172, STUDENT ACT. DUES AND FEE 78, , , % 70, MUSIC ORIENTED ACTIVITIES 12, , (8,930.50) % 11, SPORTS ORIENTED ACT. 292, , , , % 248, RENTALS 50, , , , % 48, CONTRIBUTIONS & DONATIONS 25, , (16,500.00) % 46, SERVICES PROVIDED OTHER 35, , , , % 24, OTHER MISC. RECEIPTS 20, , (7,170.47) % 18, SALE AND LOSS OF ASSETS 10, , (12,956.91) % 4, SALE OF FIXED ASSETS 15, , % COMP. FOR LOSS OF ASSETS 1, , (1,884.56) % SALE OF PERSONAL PROPERTY 1, , % 1, PROCEEDS SALES OF NOTES ,000, STATE SCHOOL FOUND. BASIC 8,191, , ,475, ,716, % 6,373, STATE PROP TAX ALL. 7,211, (3,674,524.83) ,211, % 2,819, % & 2% ROLLBACK ,547, ,547, (3,547,139.02) HOMESTEAD EXEMPTION , , (127,385.81) $10,000 PP TAX EXEMPT , , (386,435.88) ELECTRIC DEREG PROP TAX , , (678,993.00) TANGIBLE PP TAX LOSS OTHER PROPERTY TAX ALLOC STATE OTHER UNRESTRICTED 739, (366,648.07) , % 733, BUS PURCHASE 57, , , , % 244, RES. STATE THROUGH INT.SO 280, , , , % 330, ADVANCES IN-RETURN 194, , , % 615, REFUND PRIOR YEAR EXP. 64, , , % 37, ,529, ,323, ,634, ,895, % 79,735, Beginning Cash : 10,427, Receipts Plus : 93,062, Expenditures: 59,167, Cash : 33,894, BOND RETIREMENT 1110 REAL ESTATE TAX 2,169, , ,450, , % 1,970, REAL ESTATE TAX RES ,031, (2,031,345.00) PERSONAL PROPERTY TAX 190, (4,758.17) 159, , % 153, PREM. ACCRUED INT ON BOND PROCEEDS SALES OF BONDS PROCEEDS SALES OF NOTES 1,005, ,005, % 1,082, STATE SCHOOL FOUND. BASIC 8,500, , ,374, ,125, % 6,181, STATE PROP TAX ALL. 321, (94,065.56) , % 91, % & 2% ROLLBACK , , (92,497.05) HOMESTEAD EXEMPTION , , (1,568.51) $10,000 PP TAX EXEMPT , , (4,758.17) TRANSFERS IN 103, , % 91, REFUND PRIOR YEAR EXP. 8, , % ,296, ,123, ,230, ,065, % 9,571, Beginning Cash : 1,021, Receipts Plus : 12,252, Expenditures: 11,187, Cash : 1,064, Filename: Revenue and Cash Page 1 of 7 Prepared by: Treasurer's Office 4/3/2006

25 Revenue Report by Fund For the year-to-date period ended March 31, 2006 Receipt Code Description Estimated Revenue MTD Rec YTD Rec of Estimated % Received to date Prior YTD Receipts 003 PERMANENT IMPROVEMENT 1110 REAL ESTATE TAX 778, , , (72,863.51) % 830, PERSONAL PROPERTY TAX 175, (5,116.31) 171, , % 166, EARNINGS ON INVESTMENTS 30, , , (5,804.44) % 13, SALE OF FIXED ASSETS 0.00 (10,000.00) 10, (10,337.27) STATE PROP TAX ALL. 130, (52,831.10) , % 51, % & 2% ROLLBACK , , (51,144.56) HOMESTEAD EXEMPTION , , (1,686.54) $10,000 PP TAX EXEMPT , , (5,116.31) TRANSFERS IN ,163, , ,151, ,011, % 1,062, Beginning Cash : 1,313, Receipts Plus : 2,465, Expenditures: 745, Cash : 1,719, FOOD SERVICE 1410 EARNINGS ON INVESTMENTS 2, , (486.73) % CHILDRENS BREAKFAST 3, , (801.62) % 1, FS TYPE A LUNCHES STUDENT 900, , , , % 674, FS A LA CARTE STUDENTS 790, , , , % 566, FS MILK STUDENTS , , (27,875.60) 25, ADULT BREAKFAST , (2,907.49) 2, FS A LA CARTE ADULTS 48, , , , % 33, FS MILK ADULTS % FS OTHER REC. SPEC. FUNC. 75, , , , % 58, STATE RESTRIC. GRANTS RES.GRANTS DIR.FROM STATE 6, , % SCHOOL LUNCH 6, , , (7,377.10) % 10, FED. UNRES. THR. STATE 400, , , , % 248, ADVANCES IN-RETURN 130, , % REFUND PRIOR YEAR EXP % ,362, , ,777, , % 1,622, Beginning Cash : 54, Receipts Plus : 1,831, Expenditures: 1,639, Cash : 191, SPECIAL TRUST 1410 EARNINGS ON INVESTMENTS (509.63) STUDENT ACT. SALES 10, , % 4, STUDENT ACT. DUES AND FEE % CONTRIBUTIONS & DONATIONS 28, , , , % 36, OTHER MISC. RECEIPTS RES.GRANTS DIR.FROM STATE , (79,913.00) TRANSFERS IN 3, , (888.01) % , , , (64,390.94) % 42, Beginning Cash : 85, Receipts Plus : 192, Expenditures: 35, Cash : 156, UNIFORM SUPPLY 1710 CLASSROOM SUPPLIES 318, , , , % 265, SALE OF WORKBOOKS 7, , % CLASS FEES 50, , , (3,840.00) % 4, ADVANCES IN-INITIAL , , , , % 270, Beginning Cash : 260, Receipts Plus : 562, Expenditures: 311, Cash : 251, Filename: Revenue and Cash Page 2 of 7 Prepared by: Treasurer's Office 4/3/2006

26 Revenue Report by Fund For the year-to-date period ended March 31, 2006 Receipt Code Description Estimated Revenue MTD Rec YTD Rec of Estimated % Received to date Prior YTD Receipts 011 SUMMER SCHOOL 1212 TUITION PATRON SUMMER SCH 75, , , % 1, TRANSFERS IN 6, , (454.09) % , , , % 1, Beginning Cash : 68, Receipts Plus : 90, Expenditures: 90, Cash : ADULT EDUCATION 1217 TUITION ADULT , , % 0.00 Beginning Cash : 5, Receipts Plus : 6, Expenditures: 1, Cash : 5, ROTARY 1223 TUITION O/D SPEC. ED , EARNINGS ON INVESTMENTS STUDENT ACT. SALES 19, , , % STUDENT ACT. DUES AND FEE 17, , , , % OTHER EXTRA. ACT. RECEIPT 104, , , , % 101, CONTRIBUTIONS & DONATIONS 42, , , , % 24, REVENUE FROM COMM. SERV. 448, , , , % 347, OTHER MISC. RECEIPTS 25, , , % 28, TRANSFERS IN 60, , , % 119, ADVANCES IN-INITIAL , ADVANCES IN-RETURN REFUND PRIOR YEAR EXP (36.81) , , , , % 692, Beginning Cash : 122, Receipts Plus : 628, Expenditures: 459, Cash : 169, PUBLIC SCHOOL SUPPORT 1410 EARNINGS ON INVESTMENTS (414.72) % FOOD SERV. OTHER R 1, % 3, STUDENT ACT. SALES 56, , , % 30, STUDENT ACT. DUES 60, , , , % 14, OTHER EXTRA. ACT. RECEIPT (727.70) CONTRIBUTIONS & DO 126, , , , % 52, COMMISSION VENDING 58, , , , % 17, OTHER MISC. RECEIPTS % TRANSFERS IN 49, , , % 102, ADVANCES IN-RETURN ADVANCES IN-RETURN (274.50) , , , , % 221, Beginning Cash : 137, Receipts Plus : 348, Expenditures: 167, Cash : 181, Filename: Revenue and Cash Page 3 of 7 Prepared by: Treasurer's Office 4/3/2006

27 Revenue Report by Fund For the year-to-date period ended March 31, 2006 Receipt Code Description Estimated Revenue MTD Rec YTD Rec of Estimated % Received to date Prior YTD Receipts 019 OTHER GRANTS 1410 EARNINGS ON INVESTMENTS 2, , (654.13) % 1, RENTALS 65, , , % 30, CONTRIBUTIONS & DONATIONS 51, , , % 3, REVENUE ON BEHALF OF DIST TRANSFERS IN , ADVANCES IN-INITIAL , , , , % 154, Beginning Cash : 345, Receipts Plus : 407, Expenditures: 295, Cash : 112, EMPLOYEE BENEFIT SELF-INS 1872 CHARGES FOR SELF INS EMP ,093, TRANSFERS IN , ,108, Beginning Cash : 4, Receipts Plus : 4, Expenditures: 0.00 Cash : 4, STUDENT ACTIVITY 1410 EARNINGS ON INVESTMENTS , (1,718.50) % STUDENT ACT. ADMISSIONS 16, , , (27,044.75) % 37, STUDENT ACT. SALES 703, , , , % 206, STUDENT ACT. DUES AND FEE 467, , , , % 72, OTHER EXTRA. ACT. RECEIPT , (5,975.50) 2, CONTRIBUTIONS & DONATIONS 91, , , , % 23, COMMISSION VENDING MACH , (1,958.47) 1, TRANSFERS IN 15, , , % 28, REFUND PRIOR YEAR EXP , (1,677.39) ,294, , , , % 373, Beginning Cash : 483, Receipts Plus : 828, Expenditures: 410, Cash : 417, ATHLETICS 1212 TUITION PATRON SUMMER SCH , EARNINGS ON INVESTMENTS (313.88) % STUDENT ACT. ADMISSIONS 111, , , (13,700.34) % 135, STUDENT ACT. SALES 89, , , , % 37, STUDENT ACT. DUES AND FEE 252, , , , % 101, OTHER EXTRA. ACT. RECEIPT 5, , % 8, CONTRIBUTIONS & DONATIONS 116, , , , % 23, COMMISSION VENDING MACH TRANSFERS IN 48, , (25,600.13) % 72, REFUND PRIOR YEAR EXP (175.00) % , , , , % 390, Beginning Cash : 160, Receipts Plus : 520, Expenditures: 318, Cash : 201, Filename: Revenue and Cash Page 4 of 7 Prepared by: Treasurer's Office 4/3/2006

28 Revenue Report by Fund For the year-to-date period ended March 31, 2006 Receipt Code Description Estimated Revenue MTD Rec YTD Rec of Estimated % Received to date Prior YTD Receipts 401 AUXILLIARY SERVICES 1410 EARNINGS ON INVESTMENTS , (6,056.97) 1, RES.GRANTS DIR.FROM STATE 1,158, , ,178, (20,385.13) % 1,147, TRANSFERS IN , ,158, , ,184, (26,442.10) % 1,188, Beginning Cash : 216, Receipts Plus : 1,400, Expenditures: 833, Cash : 567, MANAGEMENT INFO SYSTEMS 3210 RES.GRANTS DIR.FROM STATE 12, , % 21, , , % 21, Beginning Cash : 21, Receipts Plus : 34, Expenditures: 26, Cash : 7, HEAD START 3210 RES.GRANTS DIR.FROM STATE Beginning Cash 0.00 Receipts Plus 0.00 Expenditures: 0.00 Cash ENTRY YEAR PROGRAMS 3210 RES.GRANTS DIR.FROM STATE 17, , , % 5, , , , % 5, Beginning Cash 3, Receipts Plus 20, Expenditures: 6, Cash 14, SCHOOLNET 3210 RES.GRANTS DIR.FROM STATE , , Beginning Cash : 46, Receipts Plus : 46, Expenditures: 46, Cash : FY 2000 NETWORK CONNECTIV 3210 RES.GRANTS DIR.FROM STATE 42, , % 45, , , % 45, Beginning Cash : 1, Receipts Plus : 43, Expenditures: 34, Cash : 8, SCHOOLNET PROF. DEV RES.GRANTS DIR.FROM STATE 5, , % 6, , , % 6, Beginning Cash : 4.05 Receipts Plus : 5, Expenditures: Cash : 4, Filename: Revenue and Cash Page 5 of 7 Prepared by: Treasurer's Office 4/3/2006

29 Revenue Report by Fund For the year-to-date period ended March 31, 2006 Receipt Code Description Estimated Revenue MTD Rec YTD Rec of Estimated % Received to date Prior YTD Receipts 459 OHIOREADS VOLUNTEER 3210 RES.GRANTS DIR.FROM STATE 16, , % 73, , , % 73, Beginning Cash : 16, Receipts Plus : 32, Expenditures: 19, Cash : 12, STUDENT READING INTERVENT 3210 RES.GRANTS DIR.FROM STATE 14, , % 175, , , % 175, Beginning Cash : 17, Receipts Plus : 32, Expenditures: 32, Cash : ODE SUPPLEMENTAL EQUIP 3210 RES.GRANTS DIR.FROM STATE 2, , % 4, RES. STATE THROUGH INT.SO , , , % 7, Beginning Cash : 0.00 Receipts Plus : Expenditures: 0.00 Cash : MISC. STATE GRANTS 3210 RES.GRANTS DIR.FROM STATE 24, , % 34, RES. STATE THROUGH INT.SO , , , % 35, Beginning Cash : 21, Receipts Plus : 45, Expenditures: 20, Cash : 24, TITLE VI-B 4220 FED. RES. THR. STATE 2,522, , ,742, , % 1,498, ADVANCES IN-INITIAL ,522, , ,742, , % 1,498, Beginning Cash : 104, Receipts Plus : 1,847, Expenditures: 1,705, Cash : 141, VEPD 4220 FED. RES. THR. STATE 403, , , % 397, , , , % 397, Beginning Cash : 29, Receipts Plus : 360, Expenditures: 302, Cash : 57, LEP/IMMIGRANT, TITLE III 4220 FED. RES. THR. STATE 43, , , , % 22, , , , , % 22, Beginning Cash : Receipts Plus : 34, Expenditures: 28, Cash : 5, Filename: Revenue and Cash Page 6 of 7 Prepared by: Treasurer's Office 4/3/2006

30 Revenue Report by Fund For the year-to-date period ended March 31, 2006 Receipt Code Description Estimated Revenue MTD Rec YTD Rec of Estimated % Received to date Prior YTD Receipts 572 CHAPTER FED. RES. THR. STATE 411, , , , % 229, TRANSFERS IN , , , , , % 235, Beginning Cash : 14, Receipts Plus : 265, Expenditures: 242, Cash : 22, CHAPTER FED. RES. THR. STATE 84, , , , % 81, TRANSFERS IN , , , , % 81, Beginning Cash : Receipts Plus : 23, Expenditures: 22, Cash : DRUG FREE SCHOOLS GRANT 4220 FED. RES. THR. STATE 29, , , , % 20, , , , , % 20, Beginning Cash : 3, Receipts Plus : 18, Expenditures: 21, Cash : (2,860.74) 587 PRESCHOOL GRANTS 4220 FED. RES. THR. STATE 70, , , , % 35, , , , , % 35, Beginning Cash : 24, Receipts Plus : 61, Expenditures: 53, Cash : 8, E-RATE REIMBURSEMENT 4230 FED. RES. THR. INTERM. 78, , % 6, , , % 6, Beginning Cash : 111, Receipts Plus : 189, Expenditures: 139, Cash : 49, REDUCTION IN CLASS SIZE 4220 FED. RES. THR. STATE 250, , , , % 163, TRANSFERS IN , , , , , % 166, Beginning Cash : 6, Receipts Plus : 183, Expenditures: 167, Cash : 16, MISC FEDERAL GRANTS 4220 FED. RES. THR. STATE 306, , , , % 166, ADVANCES IN-INITIAL , , , , % 166, Beginning Cash : 32, Receipts Plus : 229, Expenditures: 189, Cash : 39, GRAND TOTAL ALL FUNDS 110,458, ,280, ,914, ,543, % 103,524, Beginning Cash : 15,162, Receipts Plus : 118,076, Expenditures: 78,724, Cash : 39,352, Filename: Revenue and Cash Page 7 of 7 Prepared by: Treasurer's Office 4/3/2006

31 APPROPRIATION EXPENDITURE REPORT

32 General Fund Comparison For the year-to-date period ending March 31, CASH BALANCE BEGINNING BALANCE 1,649, ,427, YTD RECEIPTS 79,735, ,634, YTD EXPENDITURES 58,745, ,167, ENDING BALANCE 22,639, ,894, ENCUMBRANCES 2,567, ,828, UNENCUMBERED BALANCE 20,071, ,065, EXPENSES BY OBJECT % of Total % of Total % Change Salaries & Wages 38,753, % 39,238, % 1.25% Employee Benefits 11,643, % 11,025, % -5.31% Purchased Services 5,624, % 5,676, % 0.92% Supplies & Materials 860, % 1,758, % % Capital Outlay - New 156, % 200, % 28.02% Capital Outlay - Replacement 274, % 41, % % Other Expenditures 1,099, % 1,034, % -5.93% Transfers/Advances/Refunds 332, % 192, % % Grand Total 58,745, % 59,167, % 0.72% Filename: Appr Expenditure Rpt Page 1 of 1 Prepared by: Treasurer's Office 4/3/2006

33 % Spent 001 GENERAL FUND GENERAL FUND 100 SALARIES AND WAGES 28,512, ,822, ,689, ,689, % 73.03% 200 EMPLOYEE BENEFITS 7,564, ,171, ,392, , ,882, % 75.11% 400 PURCHASED SERVICES 1,062, , , , , % 74.12% 500 SUPPLIES & MATERIALS 2,090, , ,270, , ,179, % 43.57% 600 CAPITAL OUTLAY-NEW 197, , , , , % 76.26% Subtotal 39,426, ,714, ,711, , ,074, % 71.91% 1200 Special Education 100 SALARIES AND WAGES 6,070, ,500, ,569, ,569, % 74.14% 200 EMPLOYEE BENEFITS 1,588, ,297, , , % 81.70% 400 PURCHASED SERVICES 3,114, ,558, ,556, , , % 72.82% 500 SUPPLIES & MATERIALS 48, , , , , % 70.74% Subtotal 10,822, ,379, ,442, , ,721, % 74.85% 1300 Vocational Instruction 100 SALARIES AND WAGES 1,590, ,094, , , % 68.83% 200 EMPLOYEE BENEFITS 459, , , , % 59.98% 400 PURCHASED SERVICES 437, , , , , % 83.18% 500 SUPPLIES & MATERIALS 56, , , , , % 43.19% 600 CAPITAL OUTLAY-NEW 79, , , , , % 45.07% 800 OTHER OBJECTS 3, , % 92.03% Subtotal 2,627, ,614, ,012, , , % 68.43% 1900 Other Instruction 400 PURCHASED SERVICES 11, , , % 0.00% 2100 Support Services - Pupils 100 SALARIES AND WAGES 3,781, ,470, ,310, ,310, % 65.35% 200 EMPLOYEE BENEFITS 1,187, , , , % 73.31% 400 PURCHASED SERVICES 16, , , , , % 33.46% 500 SUPPLIES & MATERIALS 30, , , , , % 49.55% Subtotal 5,015, ,354, ,660, , ,653, % 67.03% 2200 Support Services - Instructional Staff 100 SALARIES AND WAGES 2,559, ,823, , , % 71.27% Report: \\Mboeadmsql\Applications\pei\cognos\reports\Finance\Mthly Reports\-Legal Level.imr Page 1 of 100

34 % Spent 2200 Support Services - Instructional Staff 200 EMPLOYEE BENEFITS 1,080, , , , % 73.19% 400 PURCHASED SERVICES 51, , , , , % 80.26% 500 SUPPLIES & MATERIALS 127, , , , , % 77.83% 600 CAPITAL OUTLAY-NEW 45, , , , , % 90.32% Subtotal 3,863, ,721, ,141, , ,067, % 72.37% 2300 Support Services - Board of Education 100 SALARIES AND WAGES 9, , , , % 52.50% 200 EMPLOYEE BENEFITS 2, , , % 25.03% 400 PURCHASED SERVICES 395, , , , , % 68.61% 500 SUPPLIES & MATERIALS 4, , , % 7.06% 800 OTHER OBJECTS 364, , , , % 59.19% Subtotal 776, , , , , % 63.51% 2400 Support Services - Administration 100 SALARIES AND WAGES 3,343, ,444, , , % 73.13% 200 EMPLOYEE BENEFITS 1,117, , , , % 76.11% 400 PURCHASED SERVICES 94, , , , , % 85.50% 500 SUPPLIES & MATERIALS 36, , , , % 37.20% 800 OTHER OBJECTS 11, , , , % 30.72% Subtotal 4,602, ,385, ,217, , ,210, % 73.71% 2500 Fiscal Services 100 SALARIES AND WAGES 752, , , , % 69.51% 200 EMPLOYEE BENEFITS 251, , , , % 74.84% 400 PURCHASED SERVICES 359, , , , , % 60.59% 500 SUPPLIES & MATERIALS 31, , , , , % 88.36% 600 CAPITAL OUTLAY-NEW 1, % 79.68% 700 CAPITAL OUTLAY-REPLACE 15, , , , % 99.89% 800 OTHER OBJECTS 848, , , , , % 92.03% Subtotal 2,258, ,691, , , , % 77.61% 2600 Support Services - Business 100 SALARIES AND WAGES 479, , , , % 74.65% 200 EMPLOYEE BENEFITS 132, , , , % 83.15% 400 PURCHASED SERVICES 3, , , , % 87.50% 500 SUPPLIES & MATERIALS 43, , , , % 97.79% Report: \\Mboeadmsql\Applications\pei\cognos\reports\Finance\Mthly Reports\-Legal Level.imr Page 2 of 100

35 % Spent 2600 Support Services - Business 800 OTHER OBJECTS % % Subtotal 658, , , , , % 77.96% 2700 Operation and Maintenance of Plant Services 100 SALARIES AND WAGES 3,131, ,275, , , % 72.66% 200 EMPLOYEE BENEFITS 1,092, , , , , % 52.81% 400 PURCHASED SERVICES 3,239, ,026, ,213, , , % 77.06% 500 SUPPLIES & MATERIALS 396, , , , , % 75.52% 600 CAPITAL OUTLAY-NEW 2, , , % % 700 CAPITAL OUTLAY-REPLACE 160, , , , , % 98.29% 800 OTHER OBJECTS 35, , , , % 61.76% Subtotal 8,057, ,186, ,871, , ,228, % 72.35% 2800 Support Services - Pupil Transportation 100 SALARIES AND WAGES 2,757, ,968, , , % 71.38% 200 EMPLOYEE BENEFITS 1,012, , , , % 69.56% 400 PURCHASED SERVICES 876, , , , , % 47.38% 500 SUPPLIES & MATERIALS 615, , , , , % 95.31% Subtotal 5,261, ,313, ,948, , ,587, % 69.83% 2900 Support Services - Central 100 SALARIES AND WAGES 401, , , , % 75.68% 200 EMPLOYEE BENEFITS 129, , , , % 74.95% 400 PURCHASED SERVICES 273, , , , , % 89.51% 500 SUPPLIES & MATERIALS 86, , , , % 99.48% 600 CAPITAL OUTLAY-NEW 15, , , , % % 800 OTHER OBJECTS 52, , , , % 32.11% Subtotal 958, , , , , % 79.69% 3200 Community Services 200 EMPLOYEE BENEFITS % 0.00% 4100 Academic Oriented Activities 100 SALARIES AND WAGES 114, , , , % 82.48% 200 EMPLOYEE BENEFITS 22, , , , % 65.09% Subtotal 136, , , , % 79.66% 4300 Occupation Oriented Activities 100 SALARIES AND WAGES 2, , % 74.33% Report: \\Mboeadmsql\Applications\pei\cognos\reports\Finance\Mthly Reports\-Legal Level.imr Page 3 of 100

36 % Spent 4300 Occupation Oriented Activities 200 EMPLOYEE BENEFITS % 55.32% Subtotal 2, , % 71.31% 4500 Sport Oriented Activities 100 SALARIES AND WAGES 671, , , , % 70.60% 200 EMPLOYEE BENEFITS 114, , , , % 64.01% 500 SUPPLIES & MATERIALS 3, , % % Subtotal 789, , , , % 69.76% 100 SALARIES AND WAGES 128, , , , % 61.93% 200 EMPLOYEE BENEFITS 28, , , , % 67.34% Subtotal 156, , , , % 62.90% 900 OTHER USES OF FUNDS 273, , , , % 70.00% 7400 Advances Out 900 OTHER USES OF FUNDS 261, , , % 0.00% 7500 Refund of Prior Year Receipts 900 OTHER USES OF FUNDS 1, % 19.90% Fund Total 85,963, ,951, ,011, ,828, ,183, % 71.87% GEN. FUND-SPEC. LIBRARY 2200 Support Services - Instructional Staff 500 SUPPLIES & MATERIALS 5, , , % 0.00% 7500 Refund of Prior Year Receipts 900 OTHER USES OF FUNDS 5, , , % 1.20% Fund Total 10, , , % 0.64% GENERAL FUND-MHS LANYARDS 500 SUPPLIES & MATERIALS 5, , , % 13.51% GENERAL FUND-BUSES 2800 Support Services - Pupil Transportation 400 PURCHASED SERVICES 215, , % % Report: \\Mboeadmsql\Applications\pei\cognos\reports\Finance\Mthly Reports\-Legal Level.imr Page 4 of 100

37 % Spent ALL DAY KINDERGARTEN 7500 Refund of Prior Year Receipts 900 OTHER USES OF FUNDS % 7.14% Fund Group 001 Total 86,195, ,167, ,028, ,828, ,199, % 71.93% BOND RETIREMENT 2500 Fiscal Services 002 DEBT RETIREMENT 800 OTHER OBJECTS 15, , , , % 84.05% 6100 Debt Service 800 OTHER OBJECTS 4,524, ,289, , , % 94.82% Fund Total 4,539, ,302, , , % 94.79% BOND RETIREMENT-LIBRARY 2500 Fiscal Services 400 PURCHASED SERVICES 10, , , % 0.00% 800 OTHER OBJECTS 5, , , , % 65.76% Subtotal 15, , , , % 21.92% 6100 Debt Service 800 OTHER OBJECTS 544, , , , % 93.10% 6100 Debt Service Fund Total 559, , , , % 91.19% BOND RET STATE SOLVENCY 800 OTHER OBJECTS 8,500, ,374, ,125, ,125, % 75.00% Fund Group 002 Total 13,598, ,187, ,410, ,410, % 82.27% PERM IMPROVE-SYSTEM WIDE 003 PERMANENT IMPROVEMENT 600 CAPITAL OUTLAY-NEW 3, , % % 2500 Fiscal Services 400 PURCHASED SERVICES 3, , % % 800 OTHER OBJECTS 5, , (5,176.07) 0.00 (5,176.07) % % Subtotal 8, , (5,176.07) 0.00 (5,176.07) % % Report: \\Mboeadmsql\Applications\pei\cognos\reports\Finance\Mthly Reports\-Legal Level.imr Page 5 of 100

38 % Spent 2700 Operation and Maintenance of Plant Services 400 PURCHASED SERVICES 1,151, , ,062, , , % 14.90% 500 SUPPLIES & MATERIALS 53, , , , % 97.89% 600 CAPITAL OUTLAY-NEW 287, , , , , % 76.38% 700 CAPITAL OUTLAY-REPLACE 545, , , , , % 93.01% Subtotal 2,038, , ,310, , ,087, % 46.67% 2900 Support Services - Central 600 CAPITAL OUTLAY-NEW 373, , , % 0.00% Fund Total 2,424, , ,678, , ,455, % 39.95% PERM. IMP. STADIUM 2700 Operation and Maintenance of Plant Services 400 PURCHASED SERVICES 1,050, ,050, ,050, % 0.00% Fund Group 003 Total 3,474, , ,728, , ,505, % 27.88% FOOD SERVICE 3100 Food Service Operations 006 FOOD SERVICES 100 SALARIES AND WAGES 866, , , , % 71.68% 200 EMPLOYEE BENEFITS 522, , , , % 77.00% 400 PURCHASED SERVICES 51, , , , , % 90.60% 500 SUPPLIES & MATERIALS 968, , , , , % 94.43% 600 CAPITAL OUTLAY-NEW 3, , , , % 71.79% Fund Group 006 Total 2,413, ,639, , , , % 82.37% SP TR. MEM-ROBERT SUTCH 800 OTHER OBJECTS % 0.00% SP TR. HALL OF FAME MHS 4500 Sport Oriented Activities 007 SPECIAL TRUST 800 OTHER OBJECTS % 0.00% Report: \\Mboeadmsql\Applications\pei\cognos\reports\Finance\Mthly Reports\-Legal Level.imr Page 6 of 100

39 % Spent SP TR.-SPANISH IV CARION 800 OTHER OBJECTS % 0.00% SP TR.-F. BABBS HOP/MEM 800 OTHER OBJECTS % 0.00% SP TR.-TRENT SOBOL MEM. 800 OTHER OBJECTS % 0.00% SP TR.-WOLFGRAM MEMORIAL 800 OTHER OBJECTS 1, , , % 0.00% SP TR.-D.NICHOLAS MEM MHS 800 OTHER OBJECTS % 0.00% SP TR.-CHOMODELEY MEMOR. 800 OTHER OBJECTS % 0.98% SP TR.VOCAL MUSIC SCHOL. 800 OTHER OBJECTS % 0.00% SP TR.-ANISH SHAH MEM MHS 800 OTHER OBJECTS % 62.50% SP TR.-MARK MCCARTER MEM. 800 OTHER OBJECTS % 0.00% SP TR.-P. PATTERSON MEM. 800 OTHER OBJECTS % 0.00% Report: \\Mboeadmsql\Applications\pei\cognos\reports\Finance\Mthly Reports\-Legal Level.imr Page 7 of 100