FINANCIAL STATEMENTS NOVEMBER 2018

Transcription

1 EXHIBIT T-2 SHAKER HEIGHTS CITY SCHOOL DISTRICT OFFICE OF THE TREASURER Parkland Drive Shaker Heights, Ohio (216) Bryan C. Christman Treasurer FINANCIAL STATEMENTS NOVEMBER 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 December 7, 2018 TO: FROM: SUBJECT: Members, Shaker Heights Board of Education Bryan C. Christman, Treasurer Financial and Miscellaneous Briefs I. NOVEMBER 2018 FINANCIAL OVERVIEW The revenue activity for the month and for the fiscal year-to-date November 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. Investment Earnings were $230,197 or 68.2% ahead of last fiscal year-to-date. Other Local revenue was $196,454 or 22.3% 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 expenditure activity for the month and for the fiscal year-to-date November 2018 was $0.9 million or 2.2% 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. NOVEMBER 2018 FINANCIAL DETAIL REVIEW A. GENERAL FUND (As of November 30, 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 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

5 Financial & Miscellaneous Briefs December 7, 2018 Page 2 of 6 $0.2 million above budget as projected through the end of the fiscal year. 2. Investment Earnings: $567,929 received this year; $230,197 or 68.2% more than prior year; 51.6% of estimated amount received this year vs. 53.7% last year; $185,645 or 48.6% above budget for YTD; and $150,000 above budget as projected through the end of the fiscal year. Cash-basis interest income varies month-to-month and year-to-year due to the varying maturity dates of the investment portfolio; At their August 1, 2018 meeting, the Federal Open Market Committee (FOMC) decided in view of realized and expected labor market conditions and inflation, to maintain the target range for the federal funds rate at 1-3/4 to 2 percent. The stance of monetary policy remains accommodative, thereby supporting strong labor market conditions and a sustained return to 2 percent inflation. At their September 26 th meeting, in view of realized and expected labor market conditions and inflation, the FOMC decided to raise the target range for the federal funds rate to 2 to 2-1/4 percent. The Committee made no change at their November 8, 2018 meeting. 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 November include: The Federal Reserve is on pace to raise rates in December, however the path of further hikes is less certain. Overall market volatility increased in the past few weeks, as equity markets have erased gains for In 2019, a few of the major topics we will be watching are tariff status, political stability and fiscal spending. Operating Portfolio activity summary comments for this month include: Yield on invested securities increased by 13bps to 1.99% as a result of reinvestment and additional monies. The portfolio is structured to meet upcoming liquidity needs of the District. We added a longer-term position to the portfolio in November, As part of our ongoing strategy the portfolio could see further positions included in the account over the next few months Bond Proceeds Portfolio activity summary comments for this month include: Yield on invested securities increased by 9bps to 2.65% in November 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: Yield increased by 12bps to 2.52%, as the portfolio reinvested maturing securities.. Portfolio is invested in commercial paper and US Treasury Notes. Similar to the 2017 Construction Funds account, RedTree will maintain communication and coordinate any upcoming spending needs.

6 Financial & Miscellaneous Briefs December 7, 2018 Page 3 of 6 3. Other Local Revenue: $196,454 or 22.3% 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. 33.7% of estimated amount received this year vs. 50.8% last year; $0.2 million or 52.6% above budget for YTD; but $0 above budget as projected through the end of the fiscal year. 4. State Foundation: $31,088 or 0.4% more than prior year; 42.2% of estimated amount received this year vs. 42.5% last year; $90,724 or 1.3% 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: $31,464 or 53.6% 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. 7.7% of estimated amount received this year vs. 13.4% last year; $25,141 or 48.0% below budget for YTD; but $0 below budget as projected through the end of the fiscal year. 8. Total Revenue: $2.8 million or 6.4% 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 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. 42.4% of estimated amount received this year vs. 44.2% last year; $0.7 million or 1.8% above budget for YTD, but only $0.4 million or.40% above budget (excluding timing differences) as projected through the end of the fiscal year.

7 Financial & Miscellaneous Briefs December 7, 2018 Page 4 of 6 EXPENDITURES 9. Salaries & Wages: Payrolls averaged $2,332,699 YTD this year vs. $2,286,505 for prior YTD, for a 2.0% increase from last year s payrolls for the same number of year-to-date pay dates; Excluding sick leave severance payments, increase of 1.9% 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 $492,095 or 2.1% above prior year, different from above due to timing of grant fund chargebacks; Variance due to increased salary and wage costs; $27,525 or 0.1% above budget for YTD; but $0 above budget as projected through the end of the fiscal year. Classified overtime paid in November 2018 was $7,766 more than November 2017, while the cumulative YTD payments totaled $108,518 more than the prior YTD; Classified temporary wages this YTD are $39,677 higher than last YTD, while certified temporary wages this YTD are $3,065 higher than prior YTD; Sick leave severance payments increased by $24,222 or 13.3% to $206,891 through this YTD from $182,669 for prior YTD; Amount and timing of such payments vary from year to year depending on number of retirements. 10. Capital Outlay: $1.6 million or 55.7% less than prior YTD due to the Middle School roof project included in last fiscal year; $0.5 million or 62.1% above budget for YTD; and $0.5 million over budget as projected through the end of the year. 11. Total Expenditures: $0.9 million or 2.2% 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; $0.4 million or 0.9% below budget for YTD; but $0.2 million above budget as projected through the end of the fiscal year. Encumbrances current month-end total of $12.5 million, which includes $3.6 million for out-of-district tuition, are $1.4 million more than prior year. Encumbrance variance primarily attributable to $0.3 million decrease in out-of-district tuition, $0.2 million increase in pupil transportation, $0.07 million increase in capital outlay, $0.5 million increase in textbooks, materials & supplies, and $0.7 million increase in professional & technical services. B. CASH BALANCES 1. Cash Balance: Cash balance reflects an increase of $6.6 million from that of one year ago. This is due to the $8.5 million higher beginning of year balance, decreased by the $1.9 million lower excess of revenues over expenditures for the current YTD vs. the prior YTD.

8 Financial & Miscellaneous Briefs December 7, 2018 Page 5 of 6 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 $155,932; Fund $7,640; Fund $96,719; Fund $2,647; Fund $10,621 and Fund $ Cash Deficit Other: The Fund 009 cash deficit of $39,123 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. 2. Health Insurance Renewals: On the agenda for the December Board meeting is a resolution to approve the renewal for the District s medical and dental self-insured rates for calendar We are continuing with the self-insured option for calendar 2019 and we will be funding our reserve utilizing the expected liability amounts to fund the reserve to the expected liability level. Both individual family and aggregate stop loss coverages are an integral part of our self-insurance option. As you may recall, 2019 will be our second year with Medical Mutual of Ohio (MMO) having switched from Anthem effective January 1, As part of the agreement reached last year with MMO, there will be no increase in the administrative claims processing rates in our second year. The total 2019 administrative cost component will however, reflect an increase due to a 10.0% increase (approximating $57,000) in the Specific Stop Loss (SSL) coverage premium at the same $200,000 current deductible level; and a 10.0% increase (approximating $2,000) in the Aggregate Stop Loss coverage premium at the same aggregate limit of 125% of expected claims. The administrative costs in total are estimated to approximate $989,000 for calendar As a result of the combination of 1) no increase in the administrative claims processing costs; 2) better than expected claims experience; and 3) the healthy balance of our self-insurance reserve, we are able to avoid an increase and instead maintain the existing funding rates for the medical insurance coverage for calendar The funding rates for the Anthem dental coverage will also remain unchanged for calendar Additionally on the December Board meeting agenda is a resolution authorizing the self-insured Express Scripts, Inc. (ESI) (coordinated through MMO) prescription drug premium rates for calendar As a result of the combination of 1) the lower script processing administrative costs achieved with the switch to the ESI program through MMO effective January 1, 2018; 2) better than expected claims experience; and 3) the healthy balance of our self-insurance reserve, we

9 Financial & Miscellaneous Briefs December 7, 2018 Page 6 of 6 are able to once again avoid an increase and instead maintain the existing funding rates for the prescription drug coverage for calendar On a combined basis, health insurance, dental and prescription drug rates for calendar 2019 reflect a composite 0.0% increase from the current rates.

10 2. CHARTS

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

12 SHAKER HEIGHTS CITY SCHOOL DISTRICT GENERAL FUND (Fiscal Year to Date) $110,000,000 $100,000,000 $90,000,000 $80,000,000 $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $0 RECEIPTS $40,769,641 EXPENDITURES $40,384,987 $66,639,658 November 30, 2018

13 SHAKER HEIGHTS CITY SCHOOL DISTRICT GENERAL FUND RECEIPTS $28,000,000 $26,000,000 $24,000,000 $22,000,000 $20,000,000 $18,000,000 $16,000,000 $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN November 30, 2018

14 SHAKER HEIGHTS CITY SCHOOL DISTRICT GENERAL FUND EXPENDITURES $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN November 30, 2018

15 3. CONSOLIDATED INVESTMENT PORTFOLIO

16 Monthly Investment Report November 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 11/30/2018 $3,707, $3,707, $3,707, Huntington - Operating 11/30/2018 $1,783, $1,783, $1,783, Cash Subtotal $5,490, $5,490, $5,490, % 0.00 SHAKER HEIGHTS CASH TOTAL $5,490, $5,490, $5,490, % 0.00 REDTREE OPERATING PORTFOLIO CERTIFICATES OF DEPOSIT Discover Bank, DE /4/2019 6/4/2014 $247, $247, $246, Barclay's Bank, DE /2/2019 7/2/2014 $247, $247, $246, American Express Nat'l Bank, UT (formerly AmE /31/2019 7/31/2014 $247, $247, $246, First Business Bank, WI /31/2019 7/31/2015 $247, $247, $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 $2,225, $2,224, $2,199, % 1.16 COMMERCIAL PAPER BNP Paribas - 12/10/2018 8/10/2018 $500, $496, $499, Canadian Imp Holdings - 12/27/2018 6/27/2018 $2,000, $1,975, $1,996, TD USA - 1/28/2019 9/26/2018 $2,050, $2,032, $2,041, Canadian Imp Holdings - 2/26/2019 8/29/2018 $400, $395, $397, TD USA - 2/27/2019 8/27/2018 $865, $854, $859, JP Morgan - 3/20/2019 9/24/2018 $800, $789, $793, Toyota Motor Credit - 3/25/2019 9/25/2018 $600, $592, $594, Canadian Imp Holdings - 3/26/2019 9/26/2018 $600, $592, $594, Natixis NY - 3/27/2019 9/26/2018 $840, $829, $832, ING US CP - 4/26/ /30/2018 $1,000, $986, $988, MUFG Bank - 5/29/ /29/2018 $1,500, $1,478, $1,479, Natixis NY - 5/29/ /28/2018 $2,000, $1,971, $1,972, JP Morgan - 6/18/ /20/2018 $1,300, $1,278, $1,279, BNP Paribas - 6/21/ /27/2018 $3,000, $2,952, $2,952, TD USA - 6/21/ /28/2018 $1,300, $1,279, $1,279, Toyota Motor Credit - 6/24/ /26/2018 $1,200, $1,180, $1,180, Commercial Paper Subtotal $19,955, $19,684, $19,742, % 0.38 MONEY MARKET FUNDS First American Treasury Obligations Fund 11/30/2018 $33, $33, $33, Money Market Subtotal $33, $33, $33, % 0.00 U.S. TREASURY BILLS US Treasury Bill /28/2019 8/30/2018 $600, $593, $596, US Treasury Bill /28/2019 9/25/2018 $1,000, $988, $992, US Treasury Bill /25/ /30/2018 $2,000, $1,976, $1,980, US Treasury Bill /30/ /29/2018 $3,500, $3,456, $3,457, U.S. Treasury Bills Subtotal $7,100, $7,014, $7,027, % 0.43 U.S. TREASURY NOTES US Treasury Note /15/ /30/2018 $6,765, $6,696, $6,703, U.S. Treasury Notes Subtotal $6,765, $6,696, $6,703, % 0.53 U.S. GOVERNMENT AGENCY NOTES Federal Home Ln Mtg /15/2019 3/18/2016 $4,505, $4,503, $4,482, Federal Home Ln Mtg /24/2019 5/24/2019 7/14/2016 $2,855, $2,855, $2,837, Federal Natl Mtg Assoc /28/2018 6/28/2019 6/27/2016 $3,500, $3,500, $3,472, Federal Home Ln Mtg /19/2019 7/26/2016 $4,855, $4,836, $4,802, Federal Home Ln Bank /5/2019 8/8/2016 $3,000, $2,989, $2,964, Federal Natl Mtg Assoc /27/2019 7/27/2020 7/25/2016 $2,000, $2,000, $1,949, Federal Natl Mtg Assoc /28/2019 8/28/2020 8/26/2016 $3,700, $3,700, $3,603, Federal Farm Credit Bank /7/ /19/2020 8/29/2016 $3,280, $3,280, $3,201, Federal Natl Mtg Assoc /24/2019 8/24/2021 8/26/2016 $3,380, $3,380, $3,251, Federal Home Ln Mtg /15/ /15/ /1/2018 $1,000, $1,000, $1,000, U.S. Government Agency Notes Subtotal $32,075, $32,044, $31,566, % 1.16 REDTREE OPERATING PORTFOLIO TOTAL $68,153, $67,698, $67,273, %

17 Monthly Investment Report November 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 Canadian Imp Holdings - 12/27/2018 6/27/2018 $1,000, $987, $998, Credit Agricole NY - 3/29/ /29/2018 $300, $297, $297, Toyota Motor Credit - 4/17/ /10/2018 $2,400, $2,368, $2,374, Canadian Imp Holdings - 4/26/ /26/2018 $500, $493, $494, ING US CP - 4/26/ /30/2018 $1,000, $986, $988, BNP Paribas - 4/29/ /29/2018 $1,000, $986, $988, Natixis NY - 4/29/ /30/2018 $450, $443, $444, BNP Paribas - 6/21/ /27/2018 $500, $492, $492, JP Morgan - 6/25/ /28/2018 $200, $196, $196, Commercial Paper Subtotal $7,350, $7,251, $7,275, % 0.36 MONEY MARKET FUNDS First American Treasury Obligations Fund 11/30/2018 $16, $16, $16, Money Market Subtotal $16, $16, $16, % 0.00 U.S. TREASURY BILLS US Treasury Bill 11/30/2018 $460, $454, $454, U.S. Treasury Bills Subtotal $460, $454, $454, % 0.48 U.S. TREASURY NOTES US Treasury Note /15/ /8/2018 $560, $554, $554, U.S. Treasury Notes Subtotal $560, $554, $554, % 0.53 REDTREE 2017 BOND PROCEEDS PORTFOLIO TOTAL $8,386, $8,277, $8,301, % 0.37 REDTREE 2018 BOND PROCEEDS PORTFOLIO COMMERCIAL PAPER JP Morgan - 1/17/2019 7/18/2018 $1,070, $1,056, $1,066, JP Morgan - 2/5/2019 8/9/2018 $700, $691, $696, JP Morgan - 2/19/2019 8/22/2018 $350, $345, $347, Natixis NY - 2/25/2019 7/30/2018 $400, $394, $397, Canadian Imp Holdings - 2/26/2019 8/29/2018 $720, $711, $715, TD USA - 2/27/2019 8/27/2018 $720, $711, $715, JP Morgan - 3/20/2019 9/24/2018 $600, $592, $595, MUFG Bank - 3/27/2019 9/27/2018 $715, $705, $708, Natixis NY - 3/27/2019 9/26/2018 $1,330, $1,313, $1,318, ING US CP - 4/26/ /30/2018 $2,000, $1,973, $1,977, Toyota Motor Credit - 5/13/ /29/2018 $800, $788, $789, MUFG Bank 5/29/ /29/2018 $2,250, $2,217, $2,218, Commercial Paper Subtotal $11,655, $11,501, $11,548, % 0.33 MONEY MARKET FUNDS First American Treasury Obligations Fund 11/30/2018 $47, $47, $47, Money Market Subtotal $47, $47, $47, % 0.00 U.S. Treasury Notes US Treasury Note /31/2018 4/11/2018 $2,800, $2,788, $2,798, U.S. Treasury Notes Subtotal $2,800, $2,788, $2,798, % 0.08 REDTREE 2018 BOND PROCEEDS PORTFOLIO TOTAL $14,502, $14,337, $14,393, % 0.28 REDTREE INVESTMENT PORTFOLIO's TOTAL $91,042, $90,313, $89,969, % 0.67 SHAKER HEIGHTS GRAND TOTAL $96,533, $95,804, $95,460, %

18 Monthly Summary November 2018 Market Update The Federal Reserve is on pace to raise rates this month, however the path of further hikes is less certain. Overall market volatility increased in the past few weeks, as equity markets have erased gains for In 2019, a few of the major topics we are watching are tariff status, political stability and fiscal spending. Operating Portfolio: Summary of Monthly Activity Yield on invested securities increased by 13bps to 1.99% as a result of reinvestment and additional monies. The portfolio is structured to meet upcoming liquidity needs of the District. We added a longer-term position to the portfolio in November, As part of our ongoing strategy the portfolio could see further positions included in the account over the next few months Bond Proceeds: Summary of Monthly Activity Yield on invested securities increased by 9bps to 2.65% in November 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 12bps to 2.52%, as the portfolio reinvested maturing securities.. Portfolio is invested in commercial paper and US Treasury Notes. 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 $- $4,629,000 $9,721,000 Maturity Distribution $82,183,158 $0 $25,000,000 $50,000,000 $75,000,000 $100,000, % 2.32% Yield Comparison 0.05% Shaker Heights Star Ohio *Huntington Earnings Credit 2.63% US Treas 1yr BAML Index 33% 18% 6% Investment Allocation 40% 2% Money Market Funds Commercial Paper Certificates of Deposit US Agency Notes US Treasury Securities *Earnings credit to offset bank charges; does not pay actual interest 3

19 Monthly Transaction Summary Operating Portfolio November 2018 Redeemed Securities : Sales, Calls, and Maturities Security CUSIP Transaction Date Original Cost Basis Income Received Credit Agricole NY CP 11/5/ UL50 11/5/2018 $1,884, $15, FHLB DN 11/7/ N51 11/7/2018 $3,203, $1, FNMA 1.15% 11/13/ G2S24 11/13/2018 $750, $4, US Treasury Bill 2/28/ PT0 11/15/2018 $19, $88.15 Comenity Capital Bank 11/19/ AJG2 11/19/2018 $249, $ JP Morgan 11/20/ ELL0 11/20/2018 $1,729, $20, Toyota Motor 11/23/ HLP7 11/23/2018 $1,488, $11, FHLB DN 11/26/ Q82 11/26/2018 $999, $ Natixis NY CP 11/26/ KLS4 11/26/2018 $1,980, $19, BNP Paribas CP 11/27/ CLT3 11/27/2018 $639, $5, MUFG Bank CP 11/27/ MLT8 11/27/2018 $3,465, $34, TD USA CP 11/28/ BLU8 11/28/2018 $1,683, $16, BNP Paribas CP 11/29/ KLV0 11/29/2018 $1,980, $19, MUFG Bank CP 11/30/ MLW1 11/30/2018 $253, $1, Total Redeemed Securities $20,326, $152, Purchased Securities Security CUSIP Transaction Date Cost Basis Projected Annual Income FHLMC 3.15% 11/15/ GSA96 11/15/2018 $1,000, $31, US Treasury Note 6/15/ R85 11/8/2018 $4,850, $92, JP Morgan CP 6/18/ QTJ0 11/23/2018 $1,278, $21, FHLB DN 11/26/ Q82 11/21/2018 $997, $ Toyota Motor CP 6/24/ HTQ7 11/26/2018 $1,180, $19, BNP Paribas CP 6/21/ KSV0 11/29/2018 $2,952, $47, Natixis NY CP 5/29/ KSV0 11/29/2018 $1,971, $28, TD USA CP 6/21/ BTM8 11/29/2018 $1,279, $20, MUFG CP Bank 5/29/ MSV6 11/30/2018 $1,478, $21, US Treasury Bill 5/30/ RR2 11/30/2018 $3,456, $43, Total Security Purchases $20,446, $327, Interest Earnings Received Asset Class Total Income Received Cash (Star Ohio, Star Plus, Huntington) $14, Money Market Funds $ Commercial Paper + Bankers Acceptances $145, Certificates of Deposit $ U.S. Agency Notes $24, U.S. Treasury Notes ($17,014.99) Total Interest Earnings for the period $168, Realized Gains and Losses Security Total Realized Gains and Losses N/A for November Total Realized Gains and Losses for the period 4

20 Monthly Transaction Summary 2017 Bond Proceeds November 2018 Redeemed Securities : Sales, Calls, and Maturities Security CUSIP Transaction Date Original Cost Basis Income Received Credit Agricole NY CP 11/5/ UL50 11/5/2018 $545, $4, BNP Paribas CP 11/29/ KLV0 11/29/2018 $990, $9, Total Redeemed Securities $1,535, $14, Purchased Securities Security CUSIP Transaction Date Cost Basis Projected Annual Income US Treasury Note 0.875% 6/15/ R85 11/8/2018 $554, $10, BNP Paribas CP 6/21/ CTM0 11/29/2018 $492, $7, JP Morgan CP 6/25/ QTR2 11/29/2018 $196, $3, Credit Agricole NY CP 3/29/ UQV8 11/30/2018 $297, $2, Total Security Purchases $1,540, $24, Interest Earnings Received Asset Class Total Income Received Money Market Funds $ US Treasury Note s ($1,954.64) Commercial Paper $14, Total Interest Earnings for the period $13, Realized Gains and Losses Security Total Realized Gains and Losses N/A for November Total Realized Gains and Losses for the period $0 5

21 Monthly Transaction Summary 2018 Bond Proceeds November 2018 Redeemed Securities : Sales, Calls, and Maturities Security CUSIP Transaction Date Original Cost Basis Income Received MUFG Bank CP 11/30/ MLW1 11/30/2018 $535, $4, US Treasury Note 11/30/ A34 11/30/2018 $1,692, $10, Total Redeemed Securities $2,227, $14, Purchased Securities Security CUSIP Transaction Date Cost Basis Projected Annual Income MUFG Bank CP 5/29/ MSV6 11/30/2018 $2,217, $32, Total Security Purchases $2,217, $32, Interest Earnings Received Asset Class Total Income Received Money Market Funds $1, Commercial Paper $4, US Treasury Note $10, Total Interest Earnings for the period $16, Realized Gains and Losses Security Total Realized Gains and Losses US Treasury Note 11/30/2018 $7, Total Realized Gains and Losses for the period $7,

22 4. FINANCIAL SUMMARY FOR GENERAL FUND

23 Shaker Heights City School District Financial Statement-General Fund Fiscal Year Ending June 30, A B CD E F G H I J K L M N O P Q R Month of November Year-To-Date November Year-To-Date November 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 167,547 97,791 69, % 567, , , % 382, , % Other Local 93,967 45,656 48, % 684, ,046 (196,454) -22.3% 448, , % State Foundation 1,428,398 1,422,639 5, % 7,301,559 7,270,471 31, % 7,210,835 90, % Homestead Exemption & RollBack #DIV/0! 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. 10,692 8,141 2, % 27,241 58,705 (31,464) -53.6% 52,382 (25,141) -48.0% Transfers & Advances In #DIV/0! #DIV/0! 0 0 #DIV/0! TOTAL REVENUE 1,700,604 1,574, , % 40,769,641 43,544,266 (2,774,625) -6.4% 40,050, , % EXPENDITURES: Salaries & Wages 4,819,608 4,795,473 24, % 23,453,051 22,960, , % 23,425,526 27, % Fringe Benefits: Health Insurance 756, ,235 6, % 3,941,792 3,735, , % 3,955,000 (13,208) -0.3% Retirement Expense 753, ,906 4, % 3,706,477 3,681,407 25, % 3,719,000 (12,523) -0.3% All Other Fringes 132, ,469 16, % 595, ,172 15, % 598,794 (3,788) -0.6% Total Fringe Benefits 1,642,227 1,615,610 26, % 8,243,275 7,995, , % 8,272,794 (29,519) -0.4% Purchased Services: Utilities 133, ,871 15, % 541, ,534 48, % 525,728 15, % Out-of-District Tuition 388, ,927 31, % 1,708,051 1,854,653 (146,602) -7.9% 1,947,371 (239,320) -12.3% Pupil Transportation 56, ,706 (51,959) -47.8% 314, ,783 (48,596) -13.4% 381,026 (66,839) -17.5% Repairs & Maintenance 43,291 20,094 23, % 292, ,722 (100,391) -25.6% 408,377 (116,046) -28.4% All Other Purchased Services 528, , , % 2,152,014 1,792, , % 2,150,297 1, % Total Purchased Services 1,151, , , % 5,008,284 4,896, , % 5,412,799 (404,515) -7.5% Textbooks, Materials & Supplies 180, ,543 (6,873) -3.7% 1,646,593 1,722,184 (75,591) -4.4% 1,976,568 (329,975) -16.7% Capital Outlay 409, ,534 (469,988) -53.4% 1,270,711 2,866,201 (1,595,490) -55.7% 784, , % Other-primarily Cty.Aud.&Treas.Fees 24,589 9,775 14, % 663, ,431 (84,358) -11.3% 773,097 (110,024) -14.2% Transfers & Advances Out #DIV/0! 100, , % 100, % TOTAL EXPENDITURES 8,227,680 8,437,284 (209,604) -2.5% 40,384,987 41,289,020 (904,033) -2.2% 40,744,907 (359,920) -0.9% Net Revenues/(Expenditures) (6,527,076) (6,863,057) 335, % 384,654 2,255,246 (1,870,592) -82.9% (694,541) 1,079, % Cash, Beginning of Period 63,148,522 56,888,267 6,260, % 56,236,792 47,769,964 8,466, % 56,236, % Cash, End of Month 56,621,446 50,025,210 6,596, % 56,621,446 50,025,210 6,596, % 55,542,251 1,079, % Less O/S Encumbrances 12,451,279 11,042,782 1,408, % 12,451,279 11,042,782 1,408, % 11,000,000 1,451, % Less Budget Reserve 353, , % 353, , % 353, % Fund Balance, End of Month $43,817,097 $38,629,358 $5,187, % $43,817,097 $38,629,358 $5,187, % $44,189,181 ($372,084) -0.8% % % Total General Obligation Debt Outstanding $42,444,310 $15,979, FS05Nov18 Rev /SummaryF19 12/8/2018

24 SHAKER HEIGHTS CITY SCHOOL DISTRICT General Fund-Budget by Month Fiscal Year Ending June 30, 2019 FS05Nov18 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 Actual 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 (35,645) 1,250,000 1,100, ,000 Other Local 45, ,773 83,399 75,981 93, ,327 37,635 52, ,644 96,455 95, ,299 (235,934) 2,030,000 2,030,000 0 State Foundation 1,449,034 1,447,522 1,544,466 1,432,139 1,428,398 1,442,167 1,442,167 1,442,167 1,442,167 1,442,167 1,442,167 1,442,163 (90,724) 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 10,692 11,463 5,856 10, ,944 10,705 7,089 12,233 25, , ,000 0 Transfers & Advances In TOTAL REVENUE 18,790,385 12,199,846 6,469,057 1,609,749 1,700,604 2,498,649 15,262,036 21,776,636 5,658,922 1,633,956 6,868,170 2,486,232 (334,275) 96,619,967 96,234, ,000 EXPENDITURES: Salaries & Wages 4,707,618 4,665,699 4,634,385 4,625,741 4,819,608 4,834,331 4,700,419 4,678,454 4,762,975 4,731,236 4,703,236 5,297,823 (27,525) 57,134,000 57,134,000 0 Fringe Benefits: Health Insurance 799, , , , , , , , , , , ,500 (151,793) 9,344,000 9,509, ,000 Retirement Expense 748, , , , , , , , , , , ,000 12,524 9,068,000 9,068,000 0 All Other Fringes 113, , , , , , , , , , , ,650 3,788 1,550,000 1,550,000 0 Total Fringe Benefits 1,662,323 1,664,395 1,658,779 1,615,551 1,642,227 1,653,689 1,766,205 1,671,817 1,680,290 1,660,358 1,653,697 1,768,150 (135,481) 19,962,000 20,127, ,000 Purchased Services: 15.87% 15.87% Utilities 84, , , , , , ,438 98,515 97, , , ,274 (15,973) 1,257,000 1,257,000 0 Out-of-District Tuition 335, , , , , , , , , , , , ,321 4,967,000 4,967,000 0 Pupil Transportation 75,179 45,022 52,894 84,345 56, ,840 29, , , , , ,274 66,839 1,320,000 1,320,000 0 Repairs & Maintenance 44,593 22, ,919 62,503 43,291 63,878 28, ,465 20,896 56,164 24,006 38, , , ,000 0 All Other Purchased Services 321, , , , , , , , , , , ,165 (1,719) 5,439,600 5,439,600 0 Total Purchased Services 859,933 1,018, ,788 1,282,626 1,151,040 1,305, ,494 1,224,681 1,246,976 1,203,453 1,112,683 1,470, ,515 13,725,600 13,725,600 0 Textbooks, Materials & Supplies 350, , , , , , , , , , , , ,975 3,089,000 3,189, ,000 Capital Outlay 220, ,400 88, , ,546 20,581 64,231 19,978 85,499 17,010 4,904 3,674 13,412 1,500,000 1,000,000 (500,000) Other-primarily Cty.Aud.&Treas.Fees 102, ,748 9,869 33,971 24, ,656 21,005 16, ,566 51,478 11,470 28, ,024 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 8,227,680 8,307,080 7,514,800 7,798,039 8,787,084 7,893,266 7,752,870 8,763, ,920 97,796,875 97,561,875 (235,000) Net Revenues/(Expenditures) 10,886,907 3,730,008 (1,132,354) (6,572,831) (6,527,076) (5,808,431) 7,747,236 13,978,597 (3,128,162) (6,259,310) (884,700) (6,277,597) (929,195) (1,176,908) (1,326,908) 150,000 Cash, Beginning of Period 56,236,792 67,123,699 70,853,707 69,721,353 63,148,522 56,621,446 50,813,015 58,560,251 72,538,848 69,410,686 63,151,376 62,266,676 56,236,792 56,236,792 0 Cash, End of Month 67,123,699 70,853,707 69,721,353 63,148,522 56,621,446 50,813,015 58,560,251 72,538,848 69,410,686 63,151,376 62,266,676 55,989,079 (929,195) 55,059,884 54,909, ,000 Less O/S Encumbrances 10,749,353 12,617,628 13,771,546 13,695,330 12,451,279 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 $43,817,097 $40,359,945 $48,507,181 $62,985,778 $60,957,616 $56,398,306 $55,913,606 $50,554,033 ($929,195) $49,624,838 $49,474,838 $150,000

25 5. FINANCIAL REPORT BY BANK

26 SHAKER HEIGHTS CITY SCHOOL DISTRICT FINANCIAL REPORT BY BANK NOVEMBER 2018 BEGINNING OF RECEIPTS EXPENDITURES CURRENT YEAR BALANCE MTD YTD MTD YTD FUND BALANCE HUNTINGTON ($1,201,020.84) $9,494, $64,468, $9,639, $63,783, ($515,922.87) INVESTMENTS & OTHER 106,848, (5,972,671.31) (11,043,653.95) ,804, DEPOSITS Payroll Funding Transfer A/C -for 1st of next mth 2,397, (28,649.94) 10, ,407, GRAND TOTAL $108,045, $3,492, $53,434, $9,639, $63,783, $97,696, 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. 05BankPos (1) NOV

27 6. FINANCIAL REPORT BY FUND

28 Date: 12/06/2018 Shaker Heights City Schools Page: 1 Time: 2:59 pm Financial Report by Fund (FINSUM) FY 19 NOVEMBER 18 FYTD MTD FYTD Current Current Unencumbered Begin Balance MTD Receipts Receipts Expenditures Expenditures Fund Balance Encumbrances Fund Balance TOTAL FOR Fund GENERAL: 56,236, ,700, ,769, ,227, ,384, ,621, ,451, ,170, 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, , ,441, , ,986, ,019, ,111, ,907, TOTAL FOR Fund FOOD SERVICE: 273, , , , , , ,027, , 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, , , , , ,878, ,878, TOTAL FOR Fund EMPLOYEE BENEFITS SELF INS.: 5,154, , ,705, , ,239, ,619, , ,616, TOTAL FOR Fund WORKMANS COMPENSATION-SELF IN 529, , , , TOTAL FOR Fund STUDENT MANAGED ACTIVITY: 224, , , , , , , , TOTAL FOR Fund DISTRICT MANAGED ACTIVITY: 213, , , , , , , ,564.73

29 Date: 12/06/2018 Shaker Heights City Schools Page: 2 Time: 2:59 pm Financial Report by Fund (FINSUM) FY 19 NOVEMBER 18 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, ,492, ,434, ,639, ,783, ,696, ,082, ,613,769.32

30 7. REVENUE ACCOUNT SUMMARY

31 Date: 12/06/18 Shaker Heights City Schools Page: 1 Time: 3:00 pm Revenue Account Summary (REVSUM) SORTED BY FUND/RCPT FY 19 NOVEMBER 18 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): , , ,098, ,

32 Date: 12/06/18 Shaker Heights City Schools Page: 2 Time: 3:00 pm Revenue Account Summary (REVSUM) SORTED BY FUND/RCPT FY 19 NOVEMBER 18 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): ,301, ,428, ,890, ,301, *****TOTAL FOR RCPT 3131 (10% AND 2.5% ROLLBACK): ,688, ,377, ,688,

33 Date: 12/06/18 Shaker Heights City Schools Page: 3 Time: 3:00 pm Revenue Account Summary (REVSUM) SORTED BY FUND/RCPT FY 19 NOVEMBER 18 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): ,769, ,700, ,219, ,769, 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):

34 Date: 12/06/18 Shaker Heights City Schools Page: 4 Time: 3:00 pm Revenue Account Summary (REVSUM) SORTED BY FUND/RCPT FY 19 NOVEMBER 18 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): , , ,

35 Date: 12/06/18 Shaker Heights City Schools Page: 5 Time: 3:00 pm Revenue Account Summary (REVSUM) SORTED BY FUND/RCPT FY 19 NOVEMBER 18 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): ,441, , ,634, ,441, FUND: 006 (FOOD SERVICE) *****TOTAL FOR RCPT 1410 (INTEREST IN INVESTMENTS): , , , *****TOTAL FOR RCPT 1511 (SALES OF BREAKFASTS TO STUD): , , , ,