FINANCIAL STATEMENTS OCTOBER 2018

Transcription

1 EXHIBIT T-1 SHAKER HEIGHTS CITY SCHOOL DISTRICT OFFICE OF THE TREASURER Parkland Drive Shaker Heights, Ohio (216) Bryan C. Christman Treasurer FINANCIAL STATEMENTS OCTOBER 2018

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

3 1. FINANCIAL AND MISCELLANEOUS BRIEFS

4 SHAKER HEIGHTS BOARD OF EDUCATION SHAKER HEIGHTS, OHIO November 26, 2018 TO: FROM: SUBJECT: Members, Shaker Heights Board of Education Bryan C. Christman, Treasurer Financial and Miscellaneous Briefs I. OCTOBER 2018 FINANCIAL OVERVIEW The revenue activity for the month and for the fiscal year-to-date October 2018 has been similar to the same reporting period for the prior year with the following exceptions: Real estate tax revenue received YTD this year was $2.8 million less than last year due to timing difference in advance amounts paid out by the County earlier this year due to accelerated tax payments in advance of the January 1, 2018 federal income tax law changes limiting state and local tax deductions. The first Shaker Plaza TIF payment of $386,036, including a catch-up payment for part of last year was received in September. Other Local revenue was $244,765 or 29.3% less than prior year due primarily to $332,736 less receipts from the State for the Fiscal 2018 SF-6, SF-14 & SF-14H payments as compared to the prior fiscal year for the same time period. The District is expected to receive approximately the same State Foundation funding in Fiscal 2019 as in Fiscal 2018 due to being on the guarantee funding method. The Homestead Exemption & Rollback payment of $4.4 million was received in September this year, but not until October last fiscal year. This year s payment was $981 more than last years. The expenditure activity for the month and for the fiscal year-to-date October 2018 was $0.7 million or 2.1% less than the prior year amount due to timing differences in payments, expected growth in certain expenses, primarily salaries and fringe benefits, offset by a reduction in capital outlay expenditures. In summary the District s overall finances are on target with expectations at this time. II. OCTOBER 2018 FINANCIAL DETAIL REVIEW A. GENERAL FUND (As of October 31, 2018) REVENUE 1. Real Estate Taxes: $2.8 million or 9.2% less than prior year-to-date; Variance from prior year due to timing difference in advance amounts paid out by the County earlier this year due to accelerated tax payments in advance of the January 1, 2018 federal income tax law changes limiting state and local tax deductions. Also included in this YTD receipts was the

5 Financial & Miscellaneous Briefs November 26, 2018 Page 2 of 5 first Shaker Plaza TIF payment totaling $386,036 which included a catchup payment for part of last year. 42.1% of estimated amount received this year vs. 44.3% last year; $0.2 million or 0.9% above budget YTD primarily due to the receipt of the first Shaker Plaza TIF payment from the City, and $0.2 million above budget as projected through the end of the fiscal year. 2. Investment Earnings: $400,382 received this year; $160,441 or 66.9% more than prior year; 36.4% of estimated amount received this year vs. 38.1% last year; $128,789 or 47.4% above budget for YTD; and $0.1 million above budget as projected through the end of the fiscal year. Cash-basis interest income varies month-to-month and year-to-year due to the varying maturity dates of the investment portfolio; At their August 1, 2018 meeting, the Federal Open Market Committee (FOMC) decided in view of realized and expected labor market conditions and inflation, to maintain the target range for the federal funds rate at 1-3/4 to 2 percent. The stance of monetary policy remains accommodative, thereby supporting strong labor market conditions and a sustained return to 2 percent inflation. At their September 26 th meeting, in view of realized and expected labor market conditions and inflation, the FOMC decided to raise the target range for the federal funds rate to 2 to 2-1/4 percent. The Committee made no change at their November 8, 2018 meeting. We continue to monitor all aspects of our portfolio and the interest rate markets, in consultation with our investment advisor, the RedTree Investment Group. Market Updates for October include: The Federal Reserve is on pace to raise rates again in December and additional hikes could happen in The labor market continues to be strong with 250,000 jobs added in October. Inflation is starting to become more of a discussion point among investors, as wages rose in October by the most since Operating Portfolio activity summary comments for this month include: Yield on invested securities increased by 5bps to 1.86% as a result of reinvestment and additional monies. The portfolio is structured to meet upcoming liquidity needs of the District. We are starting to discuss longer term maturities as the yield curve continues to flatten and 3% is now achievable in 9 month CP Bond Proceeds Portfolio activity summary comments for this month include: Yield on invested securities increased by 43bps to 2.56% in October due to reinvestment. The short term positioning of this portfolio should reflect favorably in today s rising interest rate environment. As securities mature and are reinvested, RedTree will maintain communication on future spending needs Bond Proceeds Portfolio activity summary comments for this month include:

6 Financial & Miscellaneous Briefs November 26, 2018 Page 3 of 5 Yield increased by 19bps to 2.40%, as the portfolio reinvested maturing securities and made an internal transfer. Portfolio funded in April 2018 and is invested in commercial paper and US Treasury Bills. Similar to the 2017 Construction Funds account, RedTree will maintain communication and coordinate any upcoming spending needs. 3. Other Local Revenue: $244,765 or 29.3% less than prior year due primarily to $332,736 less receipts from the State for the Fiscal 2018 SF-6, SF-14 & SF-14H payments as compared to the prior fiscal year for the same time period. 29.1% of estimated amount received this year vs. 48.2% last year; $0.2 million or 38.8% above budget for YTD; but $0 above budget as projected through the end of the fiscal year. 4. State Foundation: $25,329 or 0.4% more than prior year; 33.9% of estimated amount received this year vs. 34.2% last year; $104,493 or 1.8% above budget for YTD; but $0 above budget as projected through the end of the fiscal year. State Foundation payments are merely estimates until the ADM counts are finalized and adjusted starting in January; however The District is expected to receive approximately the same funding in Fiscal 2019 as in Fiscal 2018 due to being on the guarantee funding method. 5. Homestead Exemption & Rollback (HERB): $981 or 0.0% more than prior year; 50.0% of estimated amount received this year vs. 49.7% last year; $981 or 0.0% above budget for YTD; but $0 above budget as projected through the end of the fiscal year. 6. Other State Revenue: $1,075 or 0.8% less than prior year. 13.9% of estimated amount received this year vs. 13.1% last year; $2,303 or 1.7% below budget for YTD; but $0 below budget as projected through the end of the fiscal year. 7. Federal Receipts: $34,015 or 67.3% less than prior year primarily due to the non-recurring September 2017 receipt of a $49,706 Medicaid reimbursement settlement payment delayed from the previous fiscal year. 4.7% of estimated amount received this year vs. 11.5% last year; $28,569 or 63.3% below budget for YTD; but $0 below budget as projected through the end of the fiscal year. 8. Total Revenue: $2.9 million or 6.9% less than prior year; Variance due primarily to timing difference in advance amounts paid out by the County earlier this year due to accelerated tax payments in advance

7 Financial & Miscellaneous Briefs November 26, 2018 Page 4 of 5 of the January 1, 2018 federal income tax law changes limiting state and local tax deductions resulting in $2.8 million less this fiscal YTD. 40.6% of estimated amount received this year vs. 42.6% last year; $0.6 million or 1.6% above budget for YTD, but only $0.3 million or.35% above budget (excluding timing differences) as projected through the end of the fiscal year. EXPENDITURES 9. Salaries & Wages: Payrolls averaged $2,313,423 YTD this year vs. $2,258,697 for prior YTD, for a 2.4% increase from last year s payrolls for the same number of year-to-date pay dates; Excluding sick leave severance payments, increase of 2.2% from prior year; Overall change reflects cumulative effect of contractual and step increases, retirements and replacements that went into effect over the last 12 months; YTD total salaries and wages (including severance payments) are $467,960 or 2.6% above prior year, different from above due to timing of grant fund chargebacks; Variance due to increased salary and wage costs; $100,417 or 0.5% above budget for YTD; but $0 above budget as projected through the end of the fiscal year. Classified overtime paid in October 2018 was $10,353 more than October 2017, while the cumulative YTD payments totaled $100,753 more than the prior YTD; Classified temporary wages this YTD are $42,055 higher than last YTD, while certified temporary wages this YTD are $15,813 lower than prior YTD; Sick leave severance payments increased by $35,066 or 27.7% to $161,629 through this YTD from $126,563 for prior YTD; Amount and timing of such payments vary from year to year depending on number of retirements. 10. Capital Outlay: $1.1 million or 56.7% less than prior YTD; $0.3 million or 58.4% above budget for YTD; and $0.3 million over budget as projected through the end of the year. 11. Total Expenditures: $0.7 million or 2.1% less than prior YTD; Variance due to timing differences in payments, expected growth in certain expenses, primarily salaries and fringe benefits, offset by a reduction in capital outlay expenditures; $0.6 million or 1.8% below budget for YTD; but $0.3 million above budget as projected through the end of the fiscal year. Encumbrances current month-end total of $13.7 million, which includes $3.9 million for out-of-district tuition, are $1.2 million more than prior year. Encumbrance variance primarily attributable to $0.3 million decrease in out-of-district tuition, $0.2 million increase in pupil transportation, $0.6 million decrease in capital outlay, $0.9 million increase in textbooks, materials & supplies, and $0.8 million increase in professional & technical services.

8 Financial & Miscellaneous Briefs November 26, 2018 Page 5 of 5 B. CASH BALANCES 1. Cash Balance: Cash balance reflects an increase of $6.3 million from that of one year ago. This is due to the $8.5 million higher beginning of year balance, decreased by the $2.2 million lower excess of revenues over expenditures for the current YTD vs. the prior YTD. 2. Cash Deficits - Grant Funds: The following cash deficits are due to a delay in the receipt of state or federal fund cash requests from the State: Fund $4,146; Fund $101,003; Fund $9,136; Fund $55,637; Fund $4,761; Fund $69,164 and Fund 599 $12, Cash Deficit Other: The Fund 009 cash deficit of $40,543 is due to the funding of the stored value purchasing cards that are used by the classroom teachers in purchasing items for the classroom (the $35 student activity fee collected at the start of school is the primary funding source for these expenditures). C. OTHER ITEMS 1. efinanceplus Conversion System Status Update: A combination of Human Resource and selected Treasurer Department staff attended multiple day-long conversion sessions at the NEOnet office in Cuyahoga Falls during the last month in furtherance of the conversion setup process which is in accordance with the published conversion schedule.

9 2. CHARTS

10 SHAKER HEIGHTS CITY SCHOOL DISTRICT GENERAL FUND CASH BALANCE $75,000,000 $70,000,000 $65,000,000 $60,000,000 $55,000,000 $50,000,000 $45,000,000 $40,000,000 $35,000,000 $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN October 31, 2018

11 SHAKER HEIGHTS CITY SCHOOL DISTRICT GENERAL FUND (Fiscal Year to Date) $110,000,000 $100,000,000 $90,000,000 $80,000,000 $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $0 RECEIPTS $39,069,037 EXPENDITURES $32,157,307 $66,639,658 October 31, 2018

12 SHAKER HEIGHTS CITY SCHOOL DISTRICT GENERAL FUND RECEIPTS $28,000,000 $26,000,000 $24,000,000 $22,000,000 $20,000,000 $18,000,000 $16,000,000 $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN October 31, 2018

13 SHAKER HEIGHTS CITY SCHOOL DISTRICT GENERAL FUND EXPENDITURES $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN October 31, 2018

14 3. CONSOLIDATED INVESTMENT PORTFOLIO

15 Monthly Investment Report October 2018 Operating Funds Call Maturity Trade Yield Wtd Security Coupon Date Date Date Quantity Cost Basis Market Value at Cost Maturity CASH STAR Ohio-General 10/31/2018 $9,693, $9,693, $9,693, Huntington - Operating 10/31/2018 $1,957, $1,957, $1,957, Cash Subtotal $11,650, $11,650, $11,650, % 0.00 SHAKER HEIGHTS CASH TOTAL $11,650, $11,650, $11,650, % 0.00 REDTREE OPERATING PORTFOLIO CERTIFICATES OF DEPOSIT Comenity Capital Bank, UT /19/ /17/2014 $249, $249, $248, Discover Bank, DE /4/2019 6/4/2014 $247, $247, $246, Barclay's Bank, DE /2/2019 7/2/2014 $247, $247, $246, American Express Nat'l Bank, UT (formerly AmE /31/2019 7/31/2014 $247, $247, $246, First Business Bank, WI /31/2019 7/31/2015 $247, $247, $245, Synchrony Bank, UT /1/2019 8/1/2014 $247, $247, $246, American Express Nat'l Bank, UT (formerly AmE /30/2020 4/30/2015 $247, $247, $243, CIT Bank, UT /30/2020 7/30/2015 $247, $247, $244, Capital One, National Assoc, Mclean, VA /5/2020 8/5/2015 $247, $247, $242, Wells Fargo Bank, SD /16/ /14/2016 $249, $248, $238, Brokered Certificates of Deposit Subtotal $2,474, $2,473, $2,449, % 1.12 COMMERCIAL PAPER Credit Agricole NY - 11/5/2018 6/29/2018 $1,900, $1,884, $1,899, JP Morgan - 11/20/2018 5/29/2018 $1,750, $1,729, $1,747, Toyota Motor Credit - 11/23/2018 7/27/2018 $1,500, $1,488, $1,497, Natixis NY - 11/26/2018 6/28/2018 $2,000, $1,980, $1,996, BNP Paribas - 11/27/2018 7/27/2018 $645, $639, $643, MUFG Bank - 11/27/2018 6/27/2018 $3,500, $3,465, $3,494, TD USA - 11/28/2018 6/27/2018 $1,700, $1,683, $1,697, BNP Paribas - 11/29/2018 6/28/2018 $2,000, $1,980, $1,996, MUFG Bank - 11/30/2018 7/30/2018 $255, $253, $254, BNP Paribas - 12/10/2018 8/10/2018 $500, $496, $498, Canadian Imp Holdings - 12/27/2018 6/27/2018 $2,000, $1,975, $1,992, TD USA - 1/28/2019 9/26/2018 $2,050, $2,032, $2,037, Canadian Imp Holdings - 2/26/2019 8/29/2018 $400, $395, $396, TD USA - 2/27/2019 8/27/2018 $865, $854, $857, JP Morgan - 3/20/2019 9/24/2018 $800, $789, $791, Toyota Motor Credit - 3/25/2019 9/25/2018 $600, $592, $593, Canadian Imp Holdings - 3/26/2019 9/26/2018 $600, $592, $593, Natixis NY - 3/27/2019 9/26/2018 $840, $829, $830, ING US CP - 4/26/ /30/2018 $1,000, $986, $986, Commercial Paper Subtotal $24,905, $24,649, $24,807, % 0.15 MONEY MARKET FUNDS First American Treasury Obligations Fund 10/31/2018 $2, $2, $2, Money Market Subtotal $2, $2, $2, % 0.00 U.S. TREASURY BILLS US Treasury Bill /28/2019 8/30/2018 $620, $613, $615, US Treasury Bill /28/2019 9/25/2018 $1,000, $988, $990, US Treasury Bill /25/ /30/2018 $2,000, $1,976, $1,976, U.S. Treasury Bills Subtotal $3,620, $3,577, $3,582, % 0.43 U.S. TREASURY NOTES US Treasury Note 6/15/2019 $1,865, $1,845, $1,845, U.S. Treasury Notes Subtotal $1,865, $1,845, $1,845, % 0.61 U.S. GOVERNMENT AGENCY DISCOUNT NOTES Federal Home Ln Bank Discount Note 6/15/2019 $3,205, $3,203, $3,203, U.S. Treasury Notes Subtotal $3,205, $3,203, $3,203, % 0.02 U.S. GOVERNMENT AGENCY NOTES Federal Natl Mtg Assoc /13/ /13/2015 $750, $750, $749, Federal Home Ln Mtg /15/2019 3/18/2016 $4,505, $4,503, $4,476, Federal Home Ln Mtg /24/2018 5/24/2019 7/14/2016 $2,855, $2,855, $2,834, Federal Natl Mtg Assoc /28/2018 6/28/2019 6/27/2016 $3,500, $3,500, $3,467, Federal Home Ln Mtg /19/2019 7/26/2016 $4,855, $4,836, $4,794, Federal Home Ln Bank /5/2019 8/8/2016 $3,000, $2,989, $2,959, Federal Natl Mtg Assoc /27/2019 7/27/2020 7/25/2016 $2,000, $2,000, $1,945, Federal Natl Mtg Assoc /28/2018 8/28/2020 8/26/2016 $3,700, $3,700, $3,596, Federal Farm Credit Bank /7/ /19/2020 8/29/2016 $3,280, $3,280, $3,192, Federal Natl Mtg Assoc /24/2018 8/24/2021 8/26/2016 $3,380, $3,380, $3,238, U.S. Government Agency Notes Subtotal $31,825, $31,794, $31,255, % 1.16 REDTREE OPERATING PORTFOLIO TOTAL $67,896, $67,547, $67,146, %

16 Monthly Investment Report October 2018 Bond Proceeds Accounts Call Maturity Settle Yield Wtd Security Coupon Date Date Date Quantity Cost Basis Market Value at Cost Maturity REDTREE 2017 BOND PROCEEDS PORTFOLIO COMMERCIAL PAPER Credit Agricole NY - 11/5/2018 6/29/2018 $550, $545, $549, BNP Paribas - 11/29/2018 6/28/2018 $1,000, $990, $998, Canadian Imp Holdings - 12/27/2018 6/27/2018 $1,000, $987, $996, Toyota Motor Credit - 4/17/ /10/2018 $2,400, $2,368, $2,369, Canadian Imp Holdings - 4/26/ /26/2018 $500, $493, $493, ING US CP - 4/26/ /30/2018 $1,000, $986, $986, BNP Paribas - 4/29/ /29/2018 $1,000, $986, $986, Natixis NY 4/29/ /30/2018 $450, $443, $443, Commercial Paper Subtotal $7,900, $7,801, $7,822, % 0.35 MONEY MARKET FUNDS First American Treasury Obligations Fund 10/31/2018 $8, $8, $8, Money Market Subtotal $8, $8, $8, % 0.00 U.S. TREASURY BILLS US Treasury Bill 10/31/2018 $460, $454, $454, U.S. Treasury Bills Subtotal $460, $454, $454, % 0.48 REDTREE 2017 BOND PROCEEDS PORTFOLIO TOTAL $8,368, $8,264, $8,285, % 0.36 REDTREE 2018 BOND PROCEEDS PORTFOLIO COMMERCIAL PAPER MUFG Bank - 11/30/2018 7/30/2018 $540, $535, $539, JP Morgan - 1/17/2019 7/18/2018 $1,070, $1,056, $1,064, JP Morgan - 2/5/2019 8/9/2018 $700, $691, $695, JP Morgan - 2/19/2019 8/22/2018 $350, $345, $347, Natixis NY - 2/25/2019 7/30/2018 $400, $394, $396, Canadian Imp Holdings - 2/26/2019 8/29/2018 $720, $711, $713, TD USA - 2/27/2019 8/27/2018 $720, $711, $713, JP Morgan - 3/20/2019 9/24/2018 $600, $592, $593, MUFG Bank - 3/27/2019 9/27/2018 $715, $705, $707, Natixis NY - 3/27/2019 9/26/2018 $1,330, $1,313, $1,315, ING US CP - 4/26/ /30/2018 $2,000, $1,973, $1,972, Toyota Motor Credit 5/13/ /29/2018 $800, $788, $787, Commercial Paper Subtotal $9,945, $9,819, $9,846, % 0.36 MONEY MARKET FUNDS First American Treasury Obligations Fund 10/31/2018 $13, $13, $13, Money Market Subtotal $13, $13, $13, % 0.00 U.S. Treasury Notes US Treasury Note /30/2018 4/12/2018 $1,700, $1,692, $1,698, US Treasury Note /31/2018 4/11/2018 $2,800, $2,788, $2,796, U.S. Treasury Notes Subtotal $4,500, $4,480, $4,495, % 0.14 REDTREE 2018 BOND PROCEEDS PORTFOLIO TOTAL $14,458, $14,314, $14,355, % 0.29 REDTREE INVESTMENT PORTFOLIO's TOTAL $90,724, $90,126, $89,788, % 0.59 SHAKER HEIGHTS GRAND TOTAL $102,374, $101,777, $101,439, %

17 Monthly Summary October 2018 Market Update The Federal Reserve is on pace to raise rates again in December and additional hikes could happen in The labor market continues to be strong with 250,000 jobs added in October. Inflation is starting to become more of a discussion point among investors, as wages rose in October by the most since Operating Portfolio: Summary of Monthly Activity Yield on invested securities increased by 5bps to 1.86% as a result of reinvestment and additional monies. The portfolio is structured to meet upcoming liquidity needs of the District. We are starting to discuss longer term maturities as the yield curve continues to flatten and 3% is now achievable in 9 month CP Bond Proceeds: Summary of Monthly Activity Yield on invested securities increased by 43bps to 2.56% in October due to reinvestment. The short term positioning of this portfolio should reflect favorably in today s rising interest rate environment. As securities mature and are reinvested, RedTree will maintain communication on future spending needs Bond Proceeds: Summary of Monthly Activity Yield increased by 19bps to 2.40%, as the portfolio reinvested maturing securities and made an internal transfer. Portfolio funded in April 2018 and is invested in commercial paper and US Treasury Bills. Similar to the 2017 Construction Funds account, RedTree will maintain communication and coordinate any upcoming spending needs. Months to Maturity 3.00% 2.50% 2.00% 1.50% 1.00% 0.50% 0.00% > < 12 $249,000 $6,660,000 $6,441,000 Maturity Distribution $97,167,183 $0 $25,000,000 $50,000,000 $75,000,000 $100,000, % 2.13% Yield Comparison 0.05% Shaker Heights Star Ohio *Huntington Earnings Credit 2.61% US Treas 1yr BAML Index 29% 11% 2% 18% 40% Investment Allocation Money Market Funds Commercial Paper Certificates of Deposit US Agency Notes US Treasury Securities *Earnings credit to offset bank charges; does not pay actual interest 3

18 Monthly Transaction Summary Operating Portfolio October 2018 Redeemed Securities : Sales, Calls, and Maturities Security CUSIP Transaction Date Original Cost Basis Income Received Bank of Montreal CP 10/29/ HKV8 10/29/2018 $1,756, $13, General Electric CP 11/27/ MLT8 10/29/2018 $515, $2, General Electric CP 10/29/ KKV2 10/29/2018 $495, $4, Total Redeemed Securities $2,767, $21, Purchased Securities Security CUSIP Transaction Date Cost Basis Projected Annual Income ING US CP 4/26/ W1RS7 10/30/2018 $986, $13, Federal Home Ln Bank DN 11/7/ N51 10/31/2018 $3,203, $1, US Treasury Bill 4/25/ QC6 10/31/2018 $1,976, $23, US Treasury Note 0.875% 6/15/ R85 10/31/2018 $1,845, $19, Total Security Purchases $8,012, $57, Interest Earnings Received Asset Class Total Income Received Cash (Star Ohio, Star Plus, Huntington) $26, Money Market Funds $1, Commercial Paper + Bankers Acceptances $21, Certificates of Deposit $3, U.S. Agency Notes $50, U.S. Treasury Notes ($6,152.97) Total Interest Earnings for the period $96, Realized Gains and Losses N/A for October Security Total Realized Gains and Losses for the period Total Realized Gains and Losses 4

19 Monthly Transaction Summary 2017 Bond Proceeds October 2018 Redeemed Securities : Sales, Calls, and Maturities Security CUSIP Transaction Date Original Cost Basis Income Received Toyota CP 10/05/ HK52 10/05/2018 $2,405, $34, Federal Home Ln Bank DN 10/9/ J80 10/09/2018 $2,439, $ General Electric CP 10/22/ KKN0 10/22/2018 $1,005, $14, Toyota CP 10/26/ HKS2 10/26/2018 $881, $13, Bank of Montreal CP 10/29/ HKV8 10/29/2018 $992, $7, Federal Home Ln Bank DN 10/29/ M45 10/29/2018 $1,899, $ MUFG Bank CP 10/31/ MKX0 10/31/2018 $376, $3, Total Redeemed Securities $10,001, $73, Purchased Securities Security CUSIP Transaction Date Cost Basis Projected Annual Income Federal Home Ln Bank DN 10/9/ J80 10/06/2018 $2,439, $ Toyota CP 4/17/ HRH9 10/11/2018 $2,368, $31, Federal Home Ln Bank DN 10/29/ M45 10/26/2018 $1,899, $ CIBC CP 4/26/ BRS5 10/29/2018 $493, $6, BNP Paribas CP 4/29/ CRV2 10/30/2018 $986, $13, ING US CP 4/26/ W1RS7 10/30/2018 $986, $13, US Treasury Bill 4/25/ QC6 10/31/2018 $443, $6, Natixis CP 4/29/ KRV1 10/31/2018 $454, $5, Total Security Purchases $10,071, $78, Interest Earnings Received Asset Class Total Income Received Money Market Funds $8.96 US Government Agency Discount Note s $ Commercial Paper + Bankers Acceptances $73, Total Interest Earnings for the period $73, Realized Gains and Losses Security N/A for October Total Realized Gains and Losses Total Realized Gains and Losses for the period $0 5

20 Monthly Transaction Summary 2018 Bond Proceeds October 2018 Redeemed Securities : Sales, Calls, and Maturities Security CUSIP Transaction Date Original Cost Basis Income Received BNP Paribas 11/20/ CLL0 10/05/2018 $471, $2,332,65 US Treasury Bill 10/18/ QD4 10/18/2018 $1,980, $19, Federal Home Ln Bank DN 10/22/ L53 10/22/2018 $2,399, $ General Electric CP 11/27/ MLT8 10/29/2018 $1,528, $8, Federal Home Ln Bank DN 10/29/ M45 10/29/2018 $2,399, $ US Treasury Note 1.25% 10/31/ WD8 10/31/2018 $2,789, $5, US Treasury Note 1.25% 11/30/ A34 10/31/2018 $2,786, $17, Total Redeemed Securities $12,709, $54, Purchased Securities Security CUSIP Transaction Date Cost Basis Projected Annual Income Federal Home Ln Bank DN 10/22/ L53 10/19/2018 $2,399, $ Federal Home Ln Bank DN 10/29/ M45 10/26/2018 $2,399, $ ING US CP 4/26/ W1RS7 10/30/2018 $1,973, $26, Toyota CP 5/13/ HSD7 10/30/2018 $788, $11, Total Security Purchases $7,560, $39, Interest Earnings Received Asset Class Total Income Received Money Market Funds $ Commercial Paper + Bankers Acceptances $11, US Government Agency Discount Note s $ US Treasury Note $23, US Treasury Bill $19, Total Interest Earnings for the period $55, Realized Gains and Losses Security Total Realized Gains and Losses US Treasury Note 10/31/2018 $10, US Treasury Note 11/30/2018 $4, Total Realized Gains and Losses for the period $15,

21 4. FINANCIAL SUMMARY FOR GENERAL FUND

22 Shaker Heights City School District Financial Statement-General Fund Fiscal Year Ending June 30, A B CD E F G H I J K L M N O P Q R Month of October Year-To-Date October Year-To-Date October Actual F19 Actual F18 $ Inc(Dec) %Inc(Dec) Actual F19 Actual F18 $ Inc(Dec) %Inc(Dec) YTDBud.F19 $ Inc(Dec) %Inc(Dec) REVENUE: Real Estate Taxes $0 $0 $0 #DIV/0! $27,672,773 $30,480,671 ($2,807,898) -9.2% $27,439,338 $233, % Personal Property Taxes #DIV/0! #DIV/0! 0 0 #DIV/0! Investment Earnings 95,218 73,711 21, % 400, , , % 271, , % Other Local 75,981 17,285 58, % 590, ,390 (244,765) -29.3% 425, , % State Foundation 1,432,139 1,536,272 (104,133) -6.8% 5,873,161 5,847,832 25, % 5,768, , % Homestead Exemption & RollBack 0 4,377,394 (4,377,394) % 4,378,375 4,377, % 4,377, % Other State #DIV/0! 137, ,247 (1,075) -0.8% 139,475 (2,303) -1.7% Federal-primarily Medicaid reimb. 6, ,411 #DIV/0! 16,549 50,564 (34,015) -67.3% 45,118 (28,569) -63.3% Transfers & Advances In #DIV/0! #DIV/0! 0 0 #DIV/0! TOTAL REVENUE 1,609,749 6,004,662 (4,394,913) -73.2% 39,069,037 41,970,039 (2,901,002) -6.9% 38,466, , % EXPENDITURES: Salaries & Wages 4,625,741 4,600,482 25, % 18,633,443 18,165, , % 18,533, , % Fringe Benefits: Health Insurance 770, ,426 24, % 3,185,291 2,985, , % 3,185, % Retirement Expense 736, ,677 16, % 2,953,329 2,932,501 20, % 2,942,000 11, % All Other Fringes 108, ,024 (286) -0.3% 462, ,703 (275) -0.1% 478,379 (15,951) -3.3% Total Fringe Benefits 1,615,551 1,575,127 40, % 6,601,048 6,380, , % 6,605,379 (4,331) -0.1% Purchased Services: Utilities 118, ,473 (8,941) -7.0% 408, ,663 32, % 418,609 (10,543) -2.5% Out-of-District Tuition 279, ,671 (526,256) -65.3% 1,319,356 1,497,725 (178,369) -11.9% 1,572,600 (253,244) -16.1% Pupil Transportation 84, ,506 (79,161) -48.4% 257, ,077 3, % 266,854 (9,414) -3.5% Repairs & Maintenance 62,503 49,409 13, % 249, ,628 (123,589) -33.2% 387,482 (138,443) -35.7% All Other Purchased Services 737, , , % 1,623,343 1,446, , % 1,790,314 (166,971) -9.3% Total Purchased Services 1,282,626 1,731,679 (449,053) -25.9% 3,857,244 3,946,931 (89,687) -2.3% 4,435,859 (578,615) -13.0% Textbooks, Materials & Supplies 291, ,861 42, % 1,465,923 1,534,641 (68,718) -4.5% 1,761,323 (295,400) -16.8% Capital Outlay 332, ,573 (4,652) -1.4% 861,165 1,986,667 (1,125,502) -56.7% 543, , % Other-primarily Cty.Aud.&Treas.Fees 33,971 12,964 21, % 638, ,656 (99,172) -13.4% 762,986 (124,502) -16.3% Transfers & Advances Out #DIV/0! 100, , % 100, % TOTAL EXPENDITURES 8,182,580 8,506,686 (324,106) -3.8% 32,157,307 32,851,736 (694,429) -2.1% 32,742,077 (584,770) -1.8% Net Revenues/(Expenditures) (6,572,831) (2,502,024) (4,070,807) 162.7% 6,911,730 9,118,303 (2,206,573) -24.2% 5,724,917 1,186, % Cash, Beginning of Period 69,721,353 59,390,291 10,331, % 56,236,792 47,769,964 8,466, % 56,236, % Cash, End of Month 63,148,522 56,888,267 6,260, % 63,148,522 56,888,267 6,260, % 61,961,709 1,186, % Less O/S Encumbrances 13,695,330 12,439,133 1,256, % 13,695,330 12,439,133 1,256, % 12,400,000 1,295, % Less Budget Reserve 353, , % 353, , % 353, % Fund Balance, End of Month $49,100,122 $44,096,064 $5,004, % $49,100,122 $44,096,064 $5,004, % $49,208,639 ($108,517) -0.2% % % Total General Obligation Debt Outstanding $42,444,310 $15,979, FS04Oct18 Rev /SummaryF19 12/8/2018

23 SHAKER HEIGHTS CITY SCHOOL DISTRICT General Fund-Budget by Month Fiscal Year Ending June 30, 2019 FS04Oct18 Rev F19MvgMthlyBudget 12/8/ A B AA AB AC AD AE AF AG AH AI AJ AK AL AM AN AP AQ BUDGET BUDGET BUDGET BUDGET Adopted Var Fav/(Unfav) Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Var. Deemed Total Budget Deemed REVENUE: Actual Actual Actual Actual Budget Budget Budget Budget Budget Budget Budget Budget Temporary Rev.Proj. Permanent Real Estate Taxes $17,167,000 $10,119,737 $386,036 $0 $0 $0 $13,585,235 $20,170,351 $3,692,627 $0 $821,002 $0 1,565 $65,943,553 $65,708,553 $235,000 Personal Property Taxes Investment Earnings 118, ,533 71,890 95, , ,692 67, ,522 22,540 84, , ,156 (28,789) 1,200,000 1,100, ,000 Other Local 45, ,773 83,399 75,981 23, ,327 37,635 52, ,644 96,455 95, ,299 (165,217) 2,030,000 2,030,000 0 State Foundation 1,449,034 1,447,522 1,544,466 1,432,139 1,442,167 1,442,167 1,442,167 1,442,167 1,442,167 1,442,167 1,442,167 1,442,163 (104,493) 17,306,000 17,306,000 0 Homestead Exemption & RollBack 0 0 4,378, ,372,020 0 (981) 8,749,414 8,749,414 0 Other State 0 132,281 4, , ,381 2, , ,000 0 Federal-primarily Medicaid reimb. 10, ,411 7,264 11,463 5,856 10, ,944 10,705 7,089 12,233 28, , ,000 0 Transfers & Advances In TOTAL REVENUE 18,790,385 12,199,846 6,469,057 1,609,749 1,583,372 2,498,649 15,262,036 21,776,636 5,658,922 1,633,956 6,868,170 2,486,232 (267,043) 96,569,967 96,234, ,000 EXPENDITURES: Salaries & Wages 4,707,618 4,665,699 4,634,385 4,625,741 4,892,500 4,834,331 4,700,419 4,678,454 4,762,975 4,731,236 4,703,236 5,297,823 (100,417) 57,134,000 57,134,000 0 Fringe Benefits: Health Insurance 799, , , , , , , , , , , ,500 (292) 9,509,000 9,509,000 0 Retirement Expense 748, , , , , , , , , , , ,000 (11,329) 9,068,000 9,068,000 0 All Other Fringes 113, , , , , , , , , , , ,650 15,952 1,550,000 1,550,000 0 Total Fringe Benefits 1,662,323 1,664,395 1,658,779 1,615,551 1,667,415 1,653,689 1,766,205 1,671,817 1,680,290 1,660,358 1,653,697 1,768,150 4,331 20,127,000 20,127,000 0 Purchased Services: 15.87% 15.87% Utilities 84, , , , , , ,438 98,515 97, , , ,274 10,543 1,257,000 1,257,000 0 Out-of-District Tuition 335, , , , , , , , , , , , ,245 4,967,000 4,967,000 0 Pupil Transportation 75,179 45,022 52,894 84, , ,840 29, , , , , ,274 9,414 1,320,000 1,320,000 0 Repairs & Maintenance 44,593 22, ,919 62,503 20,895 63,878 28, ,465 20,896 56,164 24,006 38, , , ,000 0 All Other Purchased Services 321, , , , , , , , , , , , ,970 5,439,600 5,439,600 0 Total Purchased Services 859,933 1,018, ,788 1,282, ,940 1,305, ,494 1,224,681 1,246,976 1,203,453 1,112,683 1,470, ,615 13,725,600 13,725,600 0 Textbooks, Materials & Supplies 350, , , , , , , , , , , , ,400 3,189,000 3,189,000 0 Capital Outlay 220, ,400 88, , ,619 20,581 64,231 19,978 85,499 17,010 4,904 3,674 (17,661) 1,300,000 1,000,000 (300,000) Other-primarily Cty.Aud.&Treas.Fees 102, ,748 9,869 33,971 10, ,656 21,005 16, ,566 51,478 11,470 28, ,502 2,096,275 2,096,275 0 Transfers & Advances Out , , , , ,000 0 TOTAL EXPENDITURES 7,903,478 8,469,838 7,601,411 8,182,580 8,002,830 8,307,080 7,514,800 7,798,039 8,787,084 7,893,266 7,752,870 8,763, ,770 97,861,875 97,561,875 (300,000) Net Revenues/(Expenditures) 10,886,907 3,730,008 (1,132,354) (6,572,831) (6,419,458) (5,808,431) 7,747,236 13,978,597 (3,128,162) (6,259,310) (884,700) (6,277,597) (1,151,813) (1,291,908) (1,326,908) 35,000 Cash, Beginning of Period 56,236,792 67,123,699 70,853,707 69,721,353 63,148,522 56,729,064 50,920,633 58,667,869 72,646,466 69,518,304 63,258,994 62,374,294 56,236,792 56,236,792 0 Cash, End of Month 67,123,699 70,853,707 69,721,353 63,148,522 56,729,064 50,920,633 58,667,869 72,646,466 69,518,304 63,258,994 62,374,294 56,096,697 (1,151,813) 54,944,884 54,909,884 35,000 Less O/S Encumbrances 10,749,353 12,617,628 13,771,546 13,695,330 11,000,000 10,100,000 9,700,000 9,200,000 8,100,000 6,400,000 6,000,000 5,081, ,081,976 5,081,976 0 Less Budget Reserve 353, , , , , , , , , , , , , ,070 0 Fund Balance, End of Month $56,021,276 $57,883,009 $55,596,737 $49,100,122 $45,375,994 $40,467,563 $48,614,799 $63,093,396 $61,065,234 $56,505,924 $56,021,224 $50,661,651 ($1,151,813) $49,509,838 $49,474,838 $35,000

24 5. FINANCIAL REPORT BY BANK

25 SHAKER HEIGHTS CITY SCHOOL DISTRICT FINANCIAL REPORT BY BANK OCTOBER 2018 BEGINNING OF RECEIPTS EXPENDITURES CURRENT YEAR BALANCE MTD YTD MTD YTD FUND BALANCE HUNTINGTON ($1,201,020.84) $11,055, $54,974, $9,956, $54,143, ($370,496.14) INVESTMENTS & OTHER 106,848, (8,168,402.66) (5,070,982.64) ,777, DEPOSITS Payroll Funding Transfer A/C -for 1st of next mth 2,397, , , ,436, GRAND TOTAL $108,045, $2,922, $49,942, $9,956, $54,143, $103,843, Note-HNB A/C is negative due to o/s cks that will be covered by transfers from the Inv.&OtherDeposits A/C in accordance with controlled disbursement feature of HNB A/C. 04BankPos /26/2018

26 6. FINANCIAL REPORT BY FUND

27 Date: 11/08/2018 Shaker Heights City Schools Page: 1 Time: 4:35 pm Financial Report by Fund (FINSUM) FY 19 FYTD MTD FYTD Current Current Unencumbered Begin Balance MTD Receipts Receipts Expenditures Expenditures Fund Balance Encumbrances Fund Balance TOTAL FOR Fund GENERAL: 56,236, ,609, ,069, ,182, ,157, ,148, ,695, ,453, TOTAL FOR Fund BOND RETIREMENT: 14,584, ,802, ,093, ,293, , ,275, TOTAL FOR Fund PERMANENT IMPROVEMENT: 652, , ,013, ,013, TOTAL FOR Fund BUILDING: 27,565, , ,365, , ,831, ,099, ,063, ,036, TOTAL FOR Fund FOOD SERVICE: 273, , , , , , ,165, , TOTAL FOR Fund SPECIAL TRUST: 62, , , , , TOTAL FOR Fund UNIFORM SCHOOL SUPPLIES: 16, , , , , , , , TOTAL FOR Fund ROTARY-SPECIAL SERVICES: 154, , , , , , , , TOTAL FOR Fund ROTARY-INTERNAL SERVICES: 140, , , , , , , , TOTAL FOR Fund PUBLIC SCHOOL SUPPORT: 155, , , , , , , , TOTAL FOR Fund SPECIAL ENTERPRISE FUND: 14, , , , TOTAL FOR Fund DISTRICT AGENCY: 1,938, , , , , ,836, ,836, TOTAL FOR Fund EMPLOYEE BENEFITS SELF INS.: 5,154, , ,773, , ,521, ,406, , ,398, TOTAL FOR Fund WORKMANS COMPENSATION-SELF IN 529, , , , TOTAL FOR Fund STUDENT MANAGED ACTIVITY: 224, , , , , , , , TOTAL FOR Fund DISTRICT MANAGED ACTIVITY: 213, , , , , , , ,980.89

28 Date: 11/08/2018 Shaker Heights City Schools Page: 2 Time: 4:35 pm Financial Report by Fund (FINSUM) FY 19 FYTD MTD FYTD Current Current Unencumbered Begin Balance MTD Receipts Receipts Expenditures Expenditures Fund Balance Encumbrances Fund Balance TOTAL FOR Fund AUXILIARY SERVICES: 117, , , , , , , TOTAL FOR Fund DATA COMMUNICATION FUND: , , , , TOTAL FOR Fund MISCELLANEOUS STATE GRANT FUN , , , , TOTAL FOR Fund IDEA PART B GRANTS: 10, , , , , , TOTAL FOR Fund LIMITED ENGLISH PROFICIENCY: , , , , , TOTAL FOR Fund TITLE I DISADVANTAGED CHILDRE , , , , , , TOTAL FOR Fund IDEA PRESCHOOL-HANDICAPPED: , , , , TOTAL FOR Fund IMPROVING TEACHER QUALITY: , , , , TOTAL FOR Fund MISCELLANEOUS FED. GRANT FUND , , , , , GRAND TOTALS: 108,045, ,922, ,942, ,956, ,143, ,843, ,452, ,390,620.95

29 7. REVENUE ACCOUNT SUMMARY

30 Date: 11/09/18 Shaker Heights City Schools Page: 1 Time: 12:13 pm Revenue Account Summary (REVSUM) SORTED BY FUND/RCPT FY 19 FUND: 001 (GENERAL) FYTD MTD YTD FYTD FYTD FYTD Actual Actual Actual Balance Percent Receivable Receipts Receipts Receipts Receivable Received *****TOTAL FOR RCPT 1111 (GEN. PROP. TAX - REAL UNRESERV): ,353, ,129, ,353, *****TOTAL FOR RCPT 1122 (PUBLIC UTILITY PERSONAL PROP.): ,319, ,054, ,319, *****TOTAL FOR RCPT 1190 (OTHER RECEIPTS (LOCAL TAXES)): , *****TOTAL FOR RCPT 1211 (TUITION/PAT-REGULAR DAY SCHOOL): , , , , *****TOTAL FOR RCPT 1219 (MISC TUITION FROM PATRONS): , , , *****TOTAL FOR RCPT 1221 (TUITION/DST-REGULAR DAY SCHOOL): , , , *****TOTAL FOR RCPT 1223 (TUITION/DST-SPECIAL EDUCATION): , , , *****TOTAL FOR RCPT 1390 (OTHER TRANSPORTATION FEES): , *****TOTAL FOR RCPT 1410 (INTEREST IN INVESTMENTS): , , , ,

31 Date: 11/09/18 Shaker Heights City Schools Page: 2 Time: 12:13 pm Revenue Account Summary (REVSUM) SORTED BY FUND/RCPT FY 19 FYTD MTD YTD FYTD FYTD FYTD Actual Actual Actual Balance Percent Receivable Receipts Receipts Receipts Receivable Received *****TOTAL FOR RCPT 1631 (DUES/FEES-ACADEMIC ORIENTED): , *****TOTAL FOR RCPT 1634 (DUES/FEES-MUSIC ORIENTED): , , , , *****TOTAL FOR RCPT 1730 (SALE OF TEXTBOOKS): *****TOTAL FOR RCPT 1810 (RENTALS): , , , *****TOTAL FOR RCPT 1820 (CONTRIB & DONATION - PRIVATE): , , , *****TOTAL FOR RCPT 1839 (SERVICES PROVIDED-OTHER ENTITY): , , , , *****TOTAL FOR RCPT 1860 (FINES): , , , *****TOTAL FOR RCPT 1890 (OTHER MISCELLANEOUS RECEIPTS): , , , , *****TOTAL FOR RCPT 3110 (SCHOOL FOUNDATION ALLOWANCE): ,873, ,432, ,461, ,873, *****TOTAL FOR RCPT 3131 (10% AND 2.5% ROLLBACK): ,688, ,377, ,688,

32 Date: 11/09/18 Shaker Heights City Schools Page: 3 Time: 12:13 pm Revenue Account Summary (REVSUM) SORTED BY FUND/RCPT FY 19 FYTD MTD YTD FYTD FYTD FYTD Actual Actual Actual Balance Percent Receivable Receipts Receipts Receipts Receivable Received *****TOTAL FOR RCPT 3132 (HOMESTEAD EXEMPTION): , ,372, , *****TOTAL FOR RCPT 3190 (OTHER UNRESTRC GRANTS-IN-AID): , , , *****TOTAL FOR RCPT 3219 (OTHER REST GRANTS-IN-AID/STATE): , *****TOTAL FOR RCPT 4120 (UNRES GRANT FED FROM STATE): , , , , *****TOTAL FOR RCPT 4139 (UNRES FROM FED/OTHER INTERMED.): , *****TOTAL FOR FUND 001 (GENERAL): ,069, ,609, ,519, ,069, FUND: 002 (BOND RETIREMENT) *****TOTAL FOR RCPT 1111 (GEN. PROP. TAX - REAL UNRESERV): ,575, ,236, ,575, *****TOTAL FOR RCPT 1122 (PUBLIC UTILITY PERSONAL PROP.): , , , *****TOTAL FOR RCPT 1890 (OTHER MISCELLANEOUS RECEIPTS):

33 Date: 11/09/18 Shaker Heights City Schools Page: 4 Time: 12:13 pm Revenue Account Summary (REVSUM) SORTED BY FUND/RCPT FY 19 FYTD MTD YTD FYTD FYTD FYTD Actual Actual Actual Balance Percent Receivable Receipts Receipts Receipts Receivable Received *****TOTAL FOR RCPT 1911 (PREM ON SALE OF BONDS & NOTES): ,493, *****TOTAL FOR RCPT 1912 (PREM ON SALE REFUNDING BONDS): , *****TOTAL FOR RCPT 1922 (SALE OF REFUNDING BONDS): ,395, *****TOTAL FOR RCPT 3131 (10% AND 2.5% ROLLBACK): , , , *****TOTAL FOR RCPT 3132 (HOMESTEAD EXEMPTION): , , , *****TOTAL FOR FUND 002 (BOND RETIREMENT): ,802, ,595, ,802, FUND: 003 (PERMANENT IMPROVEMENT) *****TOTAL FOR RCPT 1111 (GEN. PROP. TAX - REAL UNRESERV): , , , *****TOTAL FOR RCPT 1122 (PUBLIC UTILITY PERSONAL PROP.): , , , *****TOTAL FOR RCPT 3132 (HOMESTEAD EXEMPTION): , , ,

34 Date: 11/09/18 Shaker Heights City Schools Page: 5 Time: 12:13 pm Revenue Account Summary (REVSUM) SORTED BY FUND/RCPT FY 19 FYTD MTD YTD FYTD FYTD FYTD Actual Actual Actual Balance Percent Receivable Receipts Receipts Receipts Receivable Received *****TOTAL FOR FUND 003 (PERMANENT IMPROVEMENT): , ,013, , FUND: 004 (BUILDING) *****TOTAL FOR RCPT 1410 (INTEREST IN INVESTMENTS): , , , , *****TOTAL FOR RCPT 1820 (CONTRIB & DONATION - PRIVATE): , *****TOTAL FOR RCPT 1890 (OTHER MISCELLANEOUS RECEIPTS): , , , , *****TOTAL FOR RCPT 1921 (SALE OF BONDS): ,100, *****TOTAL FOR RCPT 1934 (INSURANCE PROCEEDS): ,113, ,117, ,113, *****TOTAL FOR FUND 004 (BUILDING): ,365, , ,558, ,365, FUND: 006 (FOOD SERVICE) *****TOTAL FOR RCPT 1410 (INTEREST IN INVESTMENTS): , , , *****TOTAL FOR RCPT 1511 (SALES OF BREAKFASTS TO STUD): , , , ,

35 Date: 11/09/18 Shaker Heights City Schools Page: 6 Time: 12:13 pm Revenue Account Summary (REVSUM) SORTED BY FUND/RCPT FY 19 FYTD MTD YTD FYTD FYTD FYTD Actual Actual Actual Balance Percent Receivable Receipts Receipts Receipts Receivable Received *****TOTAL FOR RCPT 1512 (SALE OF TYPE A LUNCH TO STUD): , , , , *****TOTAL FOR RCPT 1513 (SALES OF ALA CARTE TO STUD): , , , , *****TOTAL FOR RCPT 1514 (SALES OF MILK TO STUDENTS): , , , , *****TOTAL FOR RCPT 1523 (SALES OF ALA CARTE TO ADULTS): , , , , *****TOTAL FOR RCPT 1559 (FOOD SERV- OTHER SPECIAL FUNC.): , , , , *****TOTAL FOR RCPT 1590 (FOOD SERVICES-OTHER RECEIPTS): *****TOTAL FOR RCPT 1890 (OTHER MISCELLANEOUS RECEIPTS): , , , , *****TOTAL FOR RCPT 3213 (SCHOOL LUNCH): , *****TOTAL FOR RCPT 4120 (UNRES GRANT FED FROM STATE): , , , *****TOTAL FOR FUND 006 (FOOD SERVICE): , , ,215, ,