FINANCIAL STATEMENTS AUGUST 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 AUGUST 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 September 27, 2018 TO: FROM: SUBJECT: Members, Shaker Heights Board of Education Bryan C. Christman, Treasurer Financial and Miscellaneous Briefs I. AUGUST 2018 FINANCIAL OVERVIEW The revenue activity for the month and for the fiscal year-to-date August 2018 has been similar to the same reporting period for the prior year with the following exceptions: Real estate tax revenue received in July & August this year was $3.2 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. Other Local revenue was $265,467 or 38.1% less than prior year due primarily to $334,353 less receipts from the State for the Fiscal 2018 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 August 2018 was $0.3 million or 1.5% 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. AUGUST 2018 FINANCIAL DETAIL REVIEW A. GENERAL FUND (As of August 31, 2018) Note: Budget comments have been excluded until the September monthend report after budget approved. REVENUE 1. Real Estate Taxes: $3.2 million or 10.5% 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. 2. Investment Earnings: $233,274 received this year; $100,909 or 76.2% more than prior year;

5 Financial & Miscellaneous Briefs September 27, 2018 Page 2 of 5 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. 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 August include: The summer lull is over as school and markets are back; all eyes are now on the Fed this month. Rates are expected to increase over the next 6 to 12 months, beyond this period the path is less certain. Markets continue to watch trade talks, geopolitical issues, and trends in inflation and housing. Inflation, while starting to tick up, is within the range that Fed officials have targeted. Operating Portfolio activity summary comments for this month include: Yield on invested securities increased by 3bps to 1.79% as a result of reinvestment. The portfolio is structured to meet upcoming liquidity needs of the District. We are targeting maturities from three to eight months, given the market s expectations Bond Proceeds Portfolio activity summary comments for this month include: Yield remained the same as there were no transactions in August. 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 a BP to 2.17%, as securities mature they will be reinvested according to the strategy in place. Portfolio funded in April 2018 and is invested in commercial paper, US Treasury Bills, and US Treasury Notes. Similar to the 2017 Construction Funds account, RedTree will maintain communication and coordinate any upcoming spending needs. 3. Other Local Revenue: $265,467 or 38.1% less than prior year due primarily to $334,353 less receipts from the State for the Fiscal 2018 SF-14 & SF-14H payments as compared to the prior fiscal year for the same time period.

6 Financial & Miscellaneous Briefs September 27, 2018 Page 3 of 5 4. State Foundation: $5,396 or 0.2% more than prior 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): No revenue for this category received in July or August of either year. 6. Other State Revenue: $5,966 or 1.3% less than prior year due to delay in receipt of fuel tax rebate in Federal Receipts: $10,138 more than prior year due to receipts this fiscal YTD due to timing difference in payments received covering the last months of the last school year. 8. Total Revenue: $3.3 million or 9.8% 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. EXPENDITURES 9. Salaries & Wages: Payrolls averaged $2,320,890 YTD this year vs. $2,233,663 for prior YTD, for a 3.7% increase from last year s payrolls for the same number of year-to-date pay dates; Excluding sick leave severance payments, increase of 3.2% 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 $375,491 or 4.2% above prior year, different from above due to timing of grant fund chargebacks; Variance due to increased salary and wage costs; Classified overtime paid in August 2018 was $22,863 more than August 2017, while the cumulative YTD payments totaled $40,355 more than the prior YTD; Classified temporary wages this YTD are $32,564 higher than last YTD, while certified temporary wages this YTD are $27,310 lower than prior YTD; Sick leave severance payments increased by $64,417 or 96.8% to $130,997 through this YTD from $66,580 for prior YTD; Amount and timing of such payments vary from year to year depending on number of retirements.

7 Financial & Miscellaneous Briefs September 27, 2018 Page 4 of Total Expenditures: $0.3 million or 1.5% 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; Encumbrances current month-end total of $12.6 million, which includes $3.9 million for out-of-district tuition, are $1.7 million less than prior year primarily due to last year s balance including the $1.8 million Middle School roof project. B. CASH BALANCES 1. Cash Balance: Cash balance reflects an increase of $5.4 million from that of one year ago. This is due to the $8.5 million higher beginning of year balance, decreased by the $3.1 million lower excess of expenditures over revenues 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 $516; Fund $2,994 and Fund $26, Cash Deficit Other: The Fund 009 cash deficit of $46,994 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. Casino Revenue: Included in August 2018 Other State Revenue was the District s share of the twelfth casino tax distribution to school districts. $132,281 is included in line 10, Other State revenue on the financial summary in Section 4 of this monthly financial report. This is compared to the tenth payment received in August of 2017 which amounted to $133,313. Such payments are distributed to school districts twice per year in January and August. The amount of such payments is contingent upon the amount of the gross casino revenue (gross revenue net of payments to winners) during the previous six-month period. The total received in Fiscal 2018 was $255,373 and in Fiscal 2017 $255, Grant Fund Funding: Unfortunately, the general trend of State and Federal funding amounts continue to decrease. Included in Section 4 of this month s Treasurer s Report is an historical summary of State and Federal grant funding allocations to the District from Fiscal 2012 through the current Fiscal Requesting Tax Advances: Included on the October Board meeting agenda is the recurring annual resolution requesting tax advances from the County Treasurer for calendar Without the advance request, the District would receive all of its tax collections in the two semi-annual settlement payments normally paid in March/April and September/October. By requesting the advances, the District improves both cash flow and investment income.

8 Financial & Miscellaneous Briefs September 27, 2018 Page 5 of 5 4. House Bill No. 412 Five Year Financial Forecast: House Bill No. 412 requires districts to submit a five-year forecast to the Ohio Department of Education by the end of October and then again before May 31 st. Accordingly the current updated version is included on the October Board meeting agenda for approval. The Finance & Audit Committee reviewed and approved the Forecast at their September 27 th meeting. 5. efinanceplus Conversion System Status Update: A combination of Human Resource and selected Treasurer Department staff attended day-long conversion sessions at the NEOnet office in Cuyahoga Falls on September 26 th and October 2 nd which focused on selecting options pertaining to various decisions about the operating profile to be utilized in the efinanceplus (efp) system as part of the conversion process. The current efp implementation timeline is attached to this financial brief memo for your reference.

9 Shaker Heights Trainings and Workshop Dates efp Implementation Timeline August Training Topics 9/26 9:00-3:00 Workshop System Administration Training October Attendees Dist. Project Manager, Treasurer 10/2 9:00-3:00 Workshop Create Organization Chart (chart of accounts) Attendees Dist. Project Manager, Treasurer, Accountant 10/3 9:00-3:00 Workshop Create Revenue and Expenditure Ledgers 10/ :00-3:00 November Attendees Dist. Project Manager, Treasurer, Accountant Workshop Payroll/Human Resources Reference Tables Attendees Dist. Project Manager, Payroll Clerk 11/28 9:00-3:00 Training: Budget Unit and Ledger Training Attendees Dist. Project Manager, Treasurer, Accountant December 12/3 9:00-3:00 Workshop Vendor Conversion Template #1 12/4 9:00-3:00 Workshop Vendor Conversion Template #2 Attendees Dist. Project Manager, Treasurer, Accountant 12/5 9:00-3:00 Train/Workshop All Things Fund Accounting #1 Attendees Dist. Project Manager, Treasurer, Accountant 12/10 9:00-3:00 Train/Workshop All Things Fund Accounting #2 Attendees Dist. Project Manager, Treasurer, Accountant 12/11 9:00-3:00 Training: Employees, Pay Rates and State Required Screen Attendees Dist. Project Manager, Treasurer, Human Resources Rep. January 1/15 9:00-3:00 Approvals/Purchasing Defaults/User Views Attendees Dist. Project Manager, Treasurer, Accountant

10 March 3/18-3/21 Payroll Parallels Attendees Payroll Clerk, Dist. Project Manager April 4/2-4/5 Payroll Parallels Attendees Payroll Clerk, Dist. Project Manager May 5/6-5/9 Payroll Parallels Attendees Payroll Clerk, Dist. Project Manager 5/20-5/23 Payroll Parallels Attendees Payroll Clerk, Dist. Project Manager 5/29 9:00-3:00 Training: Automated Payroll Interface and Deduction Checks Attendees Dist. Project Manager, Payroll Clerk TBD Training: Purchase Order, Invoicing and Vendor Checks Attendees Dist. Project Manager, Treasurer, Accountant TBD Training: Requisitions and Requisitions Approval Dist. Project Manager, Treasurer, Accountant

11 2. CHARTS

12 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 August 31, 2018

13 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 $30,990,231 EXPENDITURES $16,373,316 August 31, 2018

14 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 August 31, 2018

15 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 August 31, 2018

16 3. CONSOLIDATED INVESTMENT PORTFOLIO

17 Monthly Investment Report August 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 8/31/2018 $18,635, $18,635, $18,635, Huntington - Operating 8/31/2018 $3,171, $3,171, $3,171, Cash Subtotal $21,806, $21,806, $21,806, % 0.00 SHAKER HEIGHTS CASH TOTAL $21,806, $21,806, $21,806, % 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, $239, Brokered Certificates of Deposit Subtotal $2,474, $2,473, $2,450, % 1.28 COMMERCIAL PAPER BNP Paribas - 9/21/2018 5/21/2018 $800, $793, $799, General Electric Capital Corp Treasury - 9/21/2018 5/24/2018 $760, $754, $759, JP Morgan - 9/21/2018 6/29/2018 $1,600, $1,591, $1,598, MUFG Bank - 9/25/2018 5/24/2018 $690, $684, $689, Toyota Motor Credit - 9/26/2018 5/29/2018 $660, $654, $659, Natixis NY - 9/28/2018 5/29/2018 $1,070, $1,061, $1,068, Bank of Montreal - 10/29/2018 6/27/2018 $1,770, $1,756, $1,764, General Electric Capital Corp Treasury - 10/29/2018 5/30/2018 $500, $495, $498, Credit Agricole NY - 11/5/2018 6/29/2018 $1,900, $1,884, $1,892, JP Morgan - 11/20/2018 5/29/2018 $1,750, $1,729, $1,741, Toyota Motor Credit - 11/23/2018 7/27/2018 $1,500, $1,488, $1,492, Natixis NY - 11/26/2018 6/28/2018 $2,000, $1,980, $1,989, BNP Paribas - 11/27/2018 7/27/2018 $645, $639, $641, General Electric CP - 11/27/2018 7/30/2018 $520, $515, $517, MUFG Bank - 11/27/2018 6/27/2018 $3,500, $3,465, $3,481, TD USA - 11/28/2018 6/27/2018 $1,700, $1,683, $1,690, BNP Paribas - 11/29/2018 6/28/2018 $2,000, $1,980, $1,989, MUFG Bank - 11/30/2018 7/30/2018 $255, $253, $253, BNP Paribas - 12/10/2018 8/10/2018 $500, $496, $496, Canadian Imp Holdings - 12/27/2018 6/27/2018 $2,000, $1,975, $1,985, Canadian Imp Holdings - 2/26/2019 8/29/2018 $400, $395, $395, TD USA - 2/27/2019 8/27/2018 $865, $854, $854, Commercial Paper Subtotal $27,385, $27,133, $27,258, % 0.21 MONEY MARKET FUNDS First American Treasury Obligations Fund 8/31/2018 $8, $8, $8, Money Market Subtotal $8, $8, $8, % 0.00 U.S. GOVERNMENT AGENCY DISCOUNT NOTES US Treasury Bill - 2/28/2019 8/30/2018 $620, $613, $613, U.S. Treasury Bills Subtotal $620, $613, $613, % 0.50 U.S. GOVERNMENT AGENCY DISCOUNT NOTES Federal Home Ln Bank Discount Note - 9/5/2018 8/31/2018 $250, $249, $249, U.S. Government Agency Discount Notes Subtotal $250, $249, $249, % 1.23 U.S. GOVERNMENT AGENCY NOTES Federal Natl Mtg Assoc /23/ /13/ /13/2015 $750, $750, $748, Federal Home Ln Mtg /15/2019 3/18/2016 $4,505, $4,503, $4,471, Federal Home Ln Mtg /24/2018 5/24/2019 7/14/2016 $2,855, $2,855, $2,832, Federal Natl Mtg Assoc /28/2018 6/28/2019 6/27/2016 $3,500, $3,500, $3,466, Federal Home Ln Mtg /19/2019 7/26/2016 $4,855, $4,836, $4,790, Federal Home Ln Bank /5/2019 8/8/2016 $3,000, $2,989, $2,956, Federal Natl Mtg Assoc /27/2018 7/27/2020 7/25/2016 $2,000, $2,000, $1,949, Federal Natl Mtg Assoc /28/2018 8/28/2020 8/26/2016 $3,700, $3,700, $3,604, Federal Farm Credit Bank /10/ /19/2020 8/29/2016 $3,280, $3,280, $3,199, Federal Natl Mtg Assoc /24/2018 8/24/2021 8/26/2016 $3,380, $3,380, $3,255, U.S. Government Agency Notes Subtotal $31,825, $31,794, $31,274, % 1.32 REDTREE OPERATING PORTFOLIO TOTAL $62,562, $62,273, $61,856, %

18 Monthly Investment Report August 2018 Bond Proceeds Accounts Call Maturity Trade Yield Wtd Security Coupon Date Date Date Quantity Cost Basis Market Value at Cost Maturity REDTREE 2017 BOND PROCEEDS PORTFOLIO COMMERCIAL PAPER Toyota Motor Credit - 10/5/2018 1/4/2018 $2,440, $2,405, $2,435, General Electric Capital Corp Treasury - 10/22/2018 1/26/2018 $1,020, $1,005, $1,017, Toyota Motor Credit - 10/26/2018 1/29/2018 $895, $881, $892, Bank of Montreal - 10/29/2018 6/27/2018 $1,000, $992, $996, MUFG Bank - 10/31/2018 6/29/2018 $380, $376, $378, Credit Agricole NY - 11/5/2018 6/29/2018 $550, $545, $547, BNP Paribas - 11/29/2018 6/28/2018 $1,000, $990, $994, Canadian Imp Holdings 12/27/2018 6/27/2018 $1,000, $987, $992, Commercial Paper Subtotal $8,285, $8,185, $8,255, % 0.17 MONEY MARKET FUNDS First American Treasury Obligations Fund 8/31/2018 $6, $6, $6, Money Market Subtotal $6, $6, $6, % 0.00 REDTREE 2017 BOND PROCEEDS PORTFOLIO TOTAL $8,291, $8,191, $8,261, % 0.17 REDTREE 2018 BOND PROCEEDS PORTFOLIO COMMERCIAL PAPER Natixis NY - 9/27/2018 4/27/2018 $1,980, $1,960, $1,977, BNP Paribas - 11/20/2018 7/19/2018 $475, $471, $472, General Electric CP - 11/27/2018 7/30/2018 $1,540, $1,528, $1,531, MUFG Bank - 11/30/2018 7/30/2018 $540, $535, $537, JP Morgan - 1/17/2019 7/18/2018 $1,070, $1,056, $1,060, JP Morgan - 2/5/2019 8/9/2018 $700, $691, $692, JP Morgan - 2/19/2019 8/22/2018 $350, $345, $345, Natixis NY - 2/25/2019 7/30/2018 $400, $394, $395, Canadian Imp Holdings - 2/26/2019 8/29/2018 $720, $711, $711, TD USA 2/27/2019 8/27/2018 $720, $711, $711, Commercial Paper Subtotal $8,495, $8,406, $8,436, % 0.30 MONEY MARKET FUNDS First American Treasury Obligations Fund 8/31/2018 $19, $19, $19, Money Market Subtotal $19, $19, $19, % 0.00 U.S. Treasury Bills US Treasury Bill - 9/20/2018 4/19/2018 $625, $619, $624, US Treasury Bill 10/18/2018 4/18/2018 $2,000, $1,980, $1,995, U.S. Treasury Bills Subtotal $2,625, $2,600, $2,619, % 0.11 U.S. Treasury Notes US Treasury Note /31/2018 4/11/2018 $2,800, $2,789, $2,796, US Treasury Note /30/2018 4/12/2018 $2,800, $2,786, $2,794, US Treasury Note /31/2018 4/11/2018 $2,800, $2,788, $2,793, U.S. Treasury Notes Subtotal $8,400, $8,365, $8,384, % 0.25 REDTREE 2018 BOND PROCEEDS PORTFOLIO TOTAL $19,539, $19,391, $19,460, % 0.25 REDTREE INVESTMENT PORTFOLIO's TOTAL $90,393, $89,855, $89,577, % 0.63 SHAKER HEIGHTS GRAND TOTAL $112,200, $111,662, $111,384, %

19 Monthly Summary August 2018 Market Update The summer lull is over as school and markets are back; all eyes are now on the Fed this month. Rates are expected to increase over the next 6 to 12 months, beyond this period the path is less certain. Markets continue to watch trade talks, geopolitical issues, and trends in inflation and housing. Inflation, while starting to tick up, is within the range that Fed officials have targeted. Operating Portfolio: Summary of Monthly Activity Yield on invested securities increased by 3bps to 1.79% as a result of reinvestment. The portfolio is structured to meet upcoming liquidity needs of the District. We are targeting maturities from three to eight months, given the market s expectations Bond Proceeds: Summary of Monthly Activity Yield remained the same as there were no transactions in August. 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 a BP to 2.17%, as securities mature they will be reinvested according to the strategy in place. Portfolio funded in April 2018 and is invested in commercial paper, US Treasury Bills, 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 $249,000 $6,660,000 $6,441,000 Maturity Distribution $98,850,265 $0 $25,000,000 $50,000,000 $75,000,000 $100,000, % 2.09% Yield Comparison 0.05% Shaker Heights Star Ohio *Huntington Earnings Credit 2.42% US Treas 1yr BAML Index 29% 10% 2% 19% 39% 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

20 Monthly Transaction Summary Operating Portfolio August 2018 Redeemed Securities : Sales, Calls, and Maturities Security CUSIP Transaction Date Original Cost Basis Income Received MB Financial Bank CD 8/6/ CMZ6 8/6/2018 $249, $ Compass Savings Bank CD 8/7/ MAA9 8/7/2018 $249, $ ConnectOne Bank CD 8/7/ ABF1 8/7/2018 $249, $ World s Foremost Bank CD 8/20/ BT8 8/20/2018 $200, $ Credit Agricole CP 8/27/ UHT3 8/27/2018 $446, $3, General Electric CP 8/27/ KHT1 8/27/2018 $878, $11, Medallion Bank CD 8/31/ KJM3 8/31/2018 $248, $1, Total Redeemed Securities $2,520, $17, Purchased Securities Security CUSIP Transaction Date Cost Basis Projected Annual Income BNP Paribas CP 12/10/ CMA3 8/10/2018 $496, $3, TD USA CP 2/27/ BPT7 8/27/2018 $854, $10, CIBC CP 2/26/ BPS7 8/30/2018 $395, $4, U.S. Treasury Bill 2/28/ PT0 8/30/2018 $613, $6, Federal Home Ln Bank DN 9/5/ E69 8/31/2018 $249, $65.97 Total Security Purchases $2,608, $26, Interest Earnings Received Asset Class Total Income Received Cash (Star Ohio, Star Plus, Huntington) $24, Money Market Funds $631,35 Commercial Paper + Bankers Acceptances $14, Certificates of Deposit $9, U.S. Agency Notes $66, U.S. Treasury Notes $0.00 Total Interest Earnings for the period $115, Realized Gains and Losses Security N/A for August Total Realized Gains and Losses for the period Total Realized Gains and Losses 4

21 Monthly Transaction Summary 2017 Bond Proceeds August 2018 Redeemed Securities : Sales, Calls, and Maturities Security CUSIP Transaction Date Original Cost Basis Income Received N/A for August Total Redeemed Securities Purchased Securities Security CUSIP Transaction Date Cost Basis N/A for August Total Security Purchases Projected Annual Income Interest Earnings Received Asset Class Total Income Received Money Market Funds $9.95 Commercial Paper + Bankers Acceptances $0.00 Total Interest Earnings for the period $9.95 Realized Gains and Losses Security Total Realized Gains and Losses N/A for August Total Realized Gains and Losses for the period $0 5

22 Monthly Transaction Summary 2018 Bond Proceeds August 2018 Redeemed Securities : Sales, Calls, and Maturities Security CUSIP Transaction Date Original Cost Basis Income Received JP Morgan CP 8/10/ QHA2 8/10/2018 $754, $5, JP Morgan CP 8/23/ QHP9 8/23/2018 $302, $2, Credit Agricole NY CP 8/27/ UHT3 8/27/2018 $1,399, $10, Total Redeemed Securities $2,456, $18, Purchased Securities Security CUSIP Transaction Date Cost Basis Projected Annual Income JP Morgan CP 2/5/ QP54 8/10/2018 $691, $8, JP Morgan CP 2/19/ QPK1 8/23/2018 $345, $4,252,.50 TD USA CP 2/27/ BPT7 8/27/2018 $711, $8, CIBC CP 2/26/ BPS7 8/30/2018 $711, $8, Total Security Purchases $2,459, $30, Interest Earnings Received Asset Class Total Income Received Money Market Funds $ Commercial Paper + Bankers Acceptances $18, Total Interest Earnings for the period $19, Realized Gains and Losses Security N/A for August Total Realized Gains and Losses Total Realized Gains and Losses for the period $0 6

23 4. FINANCIAL SUMMARY FOR GENERAL FUND

24 Shaker Heights City School District Financial Statement-General Fund Fiscal Year Ending June 30, 2019 A B CD E F G H I J K L M N Month of August Year-To-Date August Actual F19 Actual F18 $ Inc(Dec) %Inc(Dec) Actual F19 Actual F18 $ Inc(Dec) %Inc(Dec) REVENUE: Real Estate Taxes $10,119,737 $20,458,671 ($10,338,934) -50.5% $27,286,737 $30,480,671 ($3,193,934) -10.5% Personal Property Taxes #DIV/0! #DIV/0! Investment Earnings 114,533 80,777 33, % 233, , , % Other Local 385,773 74, , % 431, ,712 (265,467) -38.1% State Foundation 1,447,522 1,467,478 (19,956) -1.4% 2,896,556 2,891,160 5, % Homestead Exemption & RollBack #DIV/0! #DIV/0! Other State 132, ,247 (5,966) -4.3% 132, ,247 (5,966) -4.3% Federal-primarily Medicaid reimb #DIV/0! 10, ,138 #DIV/0! Transfers & Advances In #DIV/0! #DIV/0! TOTAL REVENUE 12,199,846 22,219,646 (10,019,800) -45.1% 30,990,231 34,339,155 (3,348,924) -9.8% EXPENDITURES: Salaries & Wages 4,665,699 4,483, , % 9,373,317 8,997, , % Fringe Benefits: Health Insurance 821, ,940 76, % 1,621,248 1,498, , % Retirement Expense 726, ,757 (5,588) -0.8% 1,474,972 1,472,759 2, % All Other Fringes 116, ,419 2, % 230, , % Total Fringe Benefits 1,664,395 1,591,116 73, % 3,326,718 3,200, , % Purchased Services: Utilities 101,636 81,095 20, % 185, ,040 19, % Out-of-District Tuition 539, , , % 874, , , % Pupil Transportation 45,022 35,446 9, % 120,201 85,809 34, % Repairs & Maintenance 22, ,012 (133,988) -85.9% 66, ,522 (154,905) -69.9% All Other Purchased Services 310, ,121 (49,785) -13.8% 631, ,662 9, % Total Purchased Services 1,018,897 1,015,183 3, % 1,878,830 1,598, , % Textbooks, Materials & Supplies 409, ,434 (33,735) -7.6% 759, ,477 (22,744) -2.9% Capital Outlay 219,400 1,286,577 (1,067,177) -82.9% 440,074 1,357,761 (917,687) -67.6% Other-primarily Cty.Aud.&Treas.Fees 491, ,423 (126,675) -20.5% 594, ,981 (98,337) -14.2% Transfers & Advances Out #DIV/0! #DIV/0! TOTAL EXPENDITURES 8,469,838 9,438,300 (968,462) -10.3% 16,373,316 16,630,064 (256,748) -1.5% Net Revenues/(Expenditures) 3,730,008 12,781,346 (9,051,338) -70.8% 14,616,915 17,709,091 (3,092,176) -17.5% Cash, Beginning of Period 67,123,699 52,697,709 14,425, % 56,236,792 47,769,964 8,466, % Cash, End of Month 70,853,707 65,479,055 5,374, % 70,853,707 65,479,055 5,374, % Less O/S Encumbrances 12,617,628 14,315,014 (1,697,386) -11.9% 12,617,628 14,315,014 (1,697,386) -11.9% Less Budget Reserve 353, , % 353, , % Fund Balance, End of Month $57,883,009 $50,810,971 $7,072, % $57,883,009 $50,810,971 $7,072, % % Total General Obligation Debt Outstanding $42,444,310 $15,979, FS02Aug18 Rev /SummaryF19 10/2/2018

25 Shaker Heights CSD State and Federal Grant Funding Historical Summary F2012 thru F2019 St & Fed Grants F12 thru F19 RevBCC /Sheet1 9/10/2018 $ Amounts-Final Appropriation Amounts $ Amounts-Est. GRANT FUND # GRANT NAME FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY Auxiliary Services * $ 1,429, $ 1,412, $ 1,438, $ 1,545, $ 1,623, $ 1,756, $ 550, $ 555, Data Communication $ 14, $ 14, $ 14, $ 14, $ 14, $ 14, $ 14, $ 15, Alternative Education ** $ 37, $ 37, $ 44, $ 39, $ 39, $ 40, $ - $ Miscellaneous State $ 25, $ 25, $ 25, $ 25, $ 25, $ 25, $ 25, $ 25, Title VI-B, Special Education $ 1,200, $ 1,182, $ 1,224, $ 1,181, $ 1,199, $ 1,244, $ 1,233, $ 1,375, Education Jobs Fund (Stimulus-F2012 only) $ 772, $ - $ - $ - $ - $ - $ - $ Race To The Top $ 103, $ 115, $ 119, $ 2, $ - $ - $ - $ Title II-D (formerly part of Fd 599) $ 5, $ - $ - $ - $ - $ - $ - $ Title I, Sub A School Improvement $ 55, $ 55, $ 55, $ 53, $ - $ - $ - $ Title III, Limited English Proficiency&Immigrant $ 48, $ 31, $ 30, $ 33, $ 29, $ 26, $ 39, $ 40, Title I $ 715, $ 1,014, $ 959, $ 875, $ 850, $ 841, $ 700, $ 800, Title I-Stimulus $ $ - $ - $ - $ - $ - $ - $ Preschool/Individuals with Disabilities $ 17, $ 17, $ 17, $ 17, $ 17, $ 18, $ 17, $ 25, Title II-A, Improving Teacher Quality $ 129, $ 133, $ 123, $ 124, $ 117, $ 114, $ 157, $ 170, Misc. Federal & Title II-D Technology $ 15, $ - $ - $ - $ - $ - $ 18, $ 70, Total Grant Funding-all State & Federal $ 4,569, $ 4,039, $ 4,053, $ 3,910, $ 3,916, $ 4,082, $ 2,758, $ 3,075, Inc/(Dec) in State & Federal Grant Funding including Auxiliary Service Funds $ (530,679.52) $ 13, $ (142,154.47) $ 5, $ 166, $ (1,324,403.34) $ 316, Total Grant Funding-all State & Federal, excluding Auxilary Service Funds $ 3,140, $ 2,627, $ 2,614, $ 2,365, $ 2,292, $ 2,326, $ 2,208, $ 2,520, Inc/(Dec) in State & Federal Grant Funding excluding Auxiliary Service Funds $ (513,520.72) $ (12,668.79) $ (248,495.70) $ (73,189.85) $ 33, $ (118,174.35) $ 311, * - Decrease due to effective with Fiscal 2018, non-church affiliated non-public schools can elect to manage their share of Auxiliary Service funds. ** - Decrease due to elimination from State Budget effective with Fiscal Page 1 of 2

26 Shaker Heights CSD State and Federal Grant Funding Historical Summary F2012 thru F2019 St & Fed Grants F12 thru F19 RevBCC /Sheet1 9/10/2018 $ Increase/(Decrease) GRANT FUND # GRANT NAME FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY Auxiliary Services * $ (17,158.80) $ 26, $ 106, $ 78, $ 132, $ (1,206,228.99) $ 4, Data Communication $ - $ - $ - $ - $ - $ - $ Alternative Education $ - $ 7, $ (5,890.00) $ $ $ (40,255.00) $ Miscellaneous State $ - $ - $ - $ - $ - $ - $ Title VI-B, Special Education $ (17,689.55) $ 41, $ (43,144.25) $ 17, $ 45, $ (11,104.02) $ 141, Education Jobs Fund (Stimulus-F2012 only) $ (772,029.55) $ - $ - $ - $ - $ - $ Race To The Top $ 11, $ 4, $ (117,389.95) $ (2,054.22) $ - $ - $ Title II-D (formerly part of Fd 599) $ (5,086.38) $ - $ - $ - $ - $ - $ Title I, Sub A School Improvement $ - $ - $ (2,000.00) $ (53,000.00) $ - $ - $ Title III, Limited English Proficiency&Immigrant $ (16,153.20) $ (1,645.44) $ 2, $ (3,973.40) $ (2,244.63) $ 12, $ Title I $ 299, $ (54,451.84) $ (84,388.43) $ (24,984.60) $ (9,164.25) $ (140,360.50) $ 99, Title I-Stimulus $ (656.62) $ - $ - $ - $ - $ - $ Preschool/Individuals with Disabilities $ 4.86 $ (281.89) $ (15.23) $ $ 1, $ (863.48) $ 7, Title II-A, Improving Teacher Quality $ 3, $ (9,935.19) $ 1, $ (7,624.37) $ (2,440.87) $ 42, $ 12, Misc. Federal & Title II-D Technology $ (15,906.00) $ - $ - $ - $ - $ 18, $ 51, Total Grant Funding-all State & Federal $ - $ (530,679.52) $ 13, $ (142,154.47) $ 5, $ 166, $ (1,324,403.34) $ 316, Total Grant Funding-all State & Federal, excluding Auxilary Service Funds $ - $ (513,520.72) $ (12,668.79) $ (248,495.70) $ (73,189.85) $ 33, $ (118,174.35) $ 311, % Increase/(Decrease) GRANT FUND # GRANT NAME FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY Auxiliary Services * -1.2% 1.9% 7.4% 5.1% 8.2% -68.7% 0.9% 451 Data Communication 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 4.2% 463 Alternative Education 0.0% 20.4% -13.1% 1.9% 1.3% % #DIV/0! 499 Miscellaneous State 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 516 Title VI-B, Special Education -1.5% 3.6% -3.5% 1.5% 3.8% -0.9% 11.4% 504 Education Jobs Fund (Stimulus-F2012 only) % #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! 506 Race To The Top 11.1% 3.5% -98.3% % #DIV/0! #DIV/0! #DIV/0! 533 Title II-D (formerly part of Fd 599) % #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! 536 Title I, Sub A School Improvement 0.0% 0.0% -3.6% % #DIV/0! #DIV/0! #DIV/0! 551 Title III, Limited English Proficiency&Immigrant -33.6% -5.2% 8.9% -12.0% -7.7% 48.2% 0.8% 572 Title I 41.8% -5.4% -8.8% -2.9% -1.1% -16.7% 14.1% 572 Title I-Stimulus % #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! 587 Preschool/Individuals with Disabilities 0.0% -1.6% -0.1% 0.2% 6.4% -4.6% 39.0% 590 Title II-A, Improving Teacher Quality 2.5% -7.5% 1.3% -6.1% -2.1% 37.1% 7.9% 599 Misc. Federal & Title II-D Technology % #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! 270.9% Total Grant Funding-all State & Federal $ % 0.3% -3.5% 0.1% 4.2% -32.4% 11.5% Total Grant Funding-all State & Federal, excluding Auxilary Service Funds $ % -0.5% -9.5% -3.1% 1.5% -5.1% 14.1% Page 2 of 2

27 5. FINANCIAL REPORT BY BANK

28 SHAKER HEIGHTS CITY SCHOOL DISTRICT FINANCIAL REPORT BY BANK AUGUST 2018 BEGINNING OF RECEIPTS EXPENDITURES CURRENT YEAR BALANCE MTD YTD MTD YTD FUND BALANCE HUNTINGTON ($1,201,020.84) $13,315, $33,241, $12,430, $32,758, ($717,850.18) INVESTMENTS & OTHER 106,848, ,040, ,814, ,662, DEPOSITS Payroll Funding Transfer A/C -for 1st of next mth 2,397, (24,778.66) (37,655.49) ,360, GRAND TOTAL $108,045, $15,331, $38,018, $12,430, $32,758, $113,305, 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. 02BankPos /2/2018

29 6. FINANCIAL REPORT BY FUND

30 Date: 09/13/2018 Shaker Heights City Schools Page: 1 Time: 4:12 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, ,199, ,990, ,469, ,373, ,853, ,617, ,236, TOTAL FOR Fund BOND RETIREMENT: 14,584, , ,616, , ,089, ,111, , ,087, TOTAL FOR Fund PERMANENT IMPROVEMENT: 652, , , ,004, ,004, TOTAL FOR Fund BUILDING: 27,565, ,024, ,150, ,841, ,687, ,029, ,233, ,795, TOTAL FOR Fund FOOD SERVICE: 273, , , , , , , , 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, , , , , ,971, ,971, TOTAL FOR Fund EMPLOYEE BENEFITS SELF INS.: 5,154, , ,913, , ,924, ,143, ,143, TOTAL FOR Fund WORKMANS COMPENSATION-SELF IN 529, , , , TOTAL FOR Fund STUDENT MANAGED ACTIVITY: 224, , , , , , , , TOTAL FOR Fund DISTRICT MANAGED ACTIVITY: 213, , , , , , , ,565.05

31 Date: 09/13/2018 Shaker Heights City Schools Page: 2 Time: 4:12 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 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 MISCELLANEOUS FED. GRANT FUND , , , GRAND TOTALS: 108,045, ,331, ,018, ,430, ,758, ,305, ,059, ,245,714.19

32 7. REVENUE ACCOUNT SUMMARY

33 Date: 09/13/18 Shaker Heights City Schools Page: 1 Time: 4:12 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): ,967, ,800, ,743, ,967, *****TOTAL FOR RCPT 1122 (PUBLIC UTILITY PERSONAL PROP.): ,319, ,319, ,054, ,319, *****TOTAL FOR RCPT 1190 (OTHER RECEIPTS (LOCAL TAXES)): , *****TOTAL FOR RCPT 1211 (TUITION/PAT-REGULAR DAY SCHOOL): , , , , *****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): , , , , *****TOTAL FOR RCPT 1631 (DUES/FEES-ACADEMIC ORIENTED): ,

34 Date: 09/13/18 Shaker Heights City Schools Page: 2 Time: 4:12 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 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): ,896, ,447, ,485, ,896, *****TOTAL FOR RCPT 3131 (10% AND 2.5% ROLLBACK): ,688, *****TOTAL FOR RCPT 3132 (HOMESTEAD EXEMPTION): ,

35 Date: 09/13/18 Shaker Heights City Schools Page: 3 Time: 4:12 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 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): ,990, ,199, ,440, ,990, 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): *****TOTAL FOR RCPT 1911 (PREM ON SALE OF BONDS & NOTES): ,493,

36 Date: 09/13/18 Shaker Heights City Schools Page: 4 Time: 4:12 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 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): ,616, , ,409, ,616, 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): , *****TOTAL FOR FUND 003 (PERMANENT IMPROVEMENT): , , ,004, , FUND: 004 (BUILDING)

37 Date: 09/13/18 Shaker Heights City Schools Page: 5 Time: 4:12 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 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): ,077, ,000, ,081, ,077, *****TOTAL FOR FUND 004 (BUILDING): ,150, ,024, ,343, ,150, FUND: 006 (FOOD SERVICE) *****TOTAL FOR RCPT 1410 (INTEREST IN INVESTMENTS): , *****TOTAL FOR RCPT 1511 (SALES OF BREAKFASTS TO STUD): , , , , *****TOTAL FOR RCPT 1512 (SALE OF TYPE A LUNCH TO STUD): , , , ,

38 Date: 09/13/18 Shaker Heights City Schools Page: 6 Time: 4:12 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 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): , , ,026, , FUND: 007 (SPECIAL TRUST)

39 Date: 09/13/18 Shaker Heights City Schools Page: 7 Time: 4:12 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 1490 (OTHER EARNINGS ON INVESTMENT): *****TOTAL FOR RCPT 1621 (SALES-ACADEMIC ORIENTED): *****TOTAL FOR RCPT 1820 (CONTRIB & DONATION - PRIVATE): , , , , *****TOTAL FOR FUND 007 (SPECIAL TRUST): , , , , FUND: 009 (UNIFORM SCHOOL SUPPLIES) *****TOTAL FOR RCPT 1710 (CLASSROOM SUPPLIES): , , , *****TOTAL FOR RCPT 1720 (SALE OF WORKBOOKS): *****TOTAL FOR RCPT 1740 (CLASS FEES): , , , , *****TOTAL FOR RCPT 1790 (OTHER CLASSRM MATERIALS & FEES): *****TOTAL FOR RCPT 1890 (OTHER MISCELLANEOUS RECEIPTS):