First Interim Fiscal Year Charter School Certification

Transcription

1 West Covina Unified Los Angeles County First Interim Fiscal Year Charter School Certification Form CI Charter Number: 142 To the chartering authority and the county superintendent of schools (or only to the county superintendent of schools if the county board of education is the chartering authority): CHARTER SCHOOL INTERIM REPORT: This report is hereby filed by the charter school pursuant to Education Code Section (a). Signed: Date: Charter School Official (Original signature required) Printed Name: Title: For additional information on the interim report, please contact: Charter School Contact: Name Title Telephone Address California Dept of Education SACS Financial Reporting Software - Version File: cbi-cs (Rev 03/26/2009) Page 1 Printed: 12/3/ :20 AM

2 West Covina Unified Los Angeles County First Interim Charter Schools Enterprise Fund Revenues, Expenses and Changes in Net Position Form 62I Description Resource Codes Object Codes Original Budget (A) Board Approved Operating Budget (B) Actuals To Date (C) Projected Year Totals (D) Difference (Col B & D) (E) % Diff Column B & D (F) A. REVENUES 1) LCFF Sources ,894, ,894, ,998, ,938, , % 2) Federal Revenue , , , , , % 3) Other State Revenue ,071, ,071, , ,202, , % 4) Other Local Revenue , , , , % 5) TOTAL, REVENUES 9,473, ,473, ,442, ,731, B. EXPENSES 1) Certificated Salaries ,141, ,141, ,311, ,172, (31,918.00) -0.6% 2) Classified Salaries , , , ,107, (115,800.00) -11.7% 3) Employee Benefits ,512, ,512, , ,411, , % 4) Books and Supplies , , , , (142,500.56) -38.2% 5) Services and Other Operating Expenses ,391, ,391, , ,446, (54,687.83) -3.9% 6) Depreciation , , , % 7) Other Outgo (excluding Transfers of Indirect , Costs) , , , , % 8) Other Outgo - Transfers of Indirect Costs % 9) TOTAL, EXPENSES 9,473, ,473, ,464, ,717, C. EXCESS (DEFICIENCY) OF REVENUES OVER EXPENSES BEFORE OTHER FINANCING SOURCES AND USES (A5 - B9) (22,146.14) 14, D. OTHER FINANCING SOURCES/USES 1) Interfund Transfers a) Transfers In % b) Transfers Out % 2) Other Sources/Uses a) Sources % b) Uses % 3) Contributions % 4) TOTAL, OTHER FINANCING SOURCES/USES California Dept of Education SACS Financial Reporting Software File: fundi-b (Rev 06/10/2014) Page 1 Printed: 12/12/2014 1:52 AM

3 West Covina Unified Los Angeles County First Interim Charter Schools Enterprise Fund Revenues, Expenses and Changes in Net Position Form 62I Description Resource Codes Object Codes Original Budget (A) Board Approved Operating Budget (B) Actuals To Date (C) Projected Year Totals (D) Difference (Col B & D) (E) % Diff Column B & D (F) E. NET INCREASE (DECREASE) IN NET POSITION (C + D4) (22,146.14) 14, F. NET POSITION 1) Beginning Net Position a) As of July 1 - Unaudited ,862, ,862, ,862, % b) Audit Adjustments % c) As of July 1 - Audited (F1a + F1b) 1,862, ,862, ,862, d) Other Restatements % e) Adjusted Beginning Net Position (F1c + F1d) 1,862, ,862, ,862, ) Ending Net Position, June 30 (E + F1e) 1,862, ,862, ,876, Components of Ending Net Position a) Net Investment in Capital Assets b) Restricted Net Position ,197, ,197, ,126, c) Unrestricted Net Position , , , California Dept of Education SACS Financial Reporting Software File: fundi-b (Rev 06/10/2014) Page 2 Printed: 12/12/2014 1:52 AM

4 West Covina Unified Los Angeles County First Interim Charter Schools Enterprise Fund Revenues, Expenses and Changes in Net Position Form 62I Description Resource Codes Object Codes Original Budget (A) Board Approved Operating Budget (B) Actuals To Date (C) Projected Year Totals (D) Difference (Col B & D) (E) % Diff Column B & D (F) LCFF SOURCES Principal Apportionment State Aid - Current Year ,830, ,830, ,656, ,866, , % Education Protection Account State Aid - Current Year ,436, ,436, , ,444, , % State Aid - Prior Years % LCFF Transfers Unrestricted LCFF Transfers - Current Year % All Other LCFF Transfers - Current Year All Other % Transfers to Charter Schools in Lieu of Property Taxes , , , % Property Taxes Transfers % LCFF/Revenue Limit Transfers - Prior Years % TOTAL, LCFF SOURCES 7,894, ,894, ,998, ,938, , % FEDERAL REVENUE Maintenance and Operations % Special Education Entitlement , , , , (24,011.00) -14.6% Special Education Discretionary Grants % Child Nutrition Programs % Interagency Contracts Between LEAs % NCLB: Title I, Part A, Basic Grants Low-Income and Neglected , , , , , % NCLB: Title I, Part D, Local Delinquent Program % NCLB: Title II, Part A, Teacher Quality , , , (11,916.00) -47.7% NCLB: Title III, Immigrant Education Program % NCLB: Title III, Limited English Proficient (LEP) Student Program % NCLB: Title V, Part B, Public Charter Schools Grant Program (PCSGP) % Other No Child Left Behind , , , % Vocational and Applied Technology Education % Safe and Drug Free Schools % All Other Federal Revenue All Other % TOTAL, FEDERAL REVENUE 257, , , , , % OTHER STATE REVENUE Other State Apportionments Special Education Master Plan Current Year , , , , , % Prior Years % All Other State Apportionments - Current Year All Other % All Other State Apportionments - Prior Years All Other % Child Nutrition Programs % Mandated Costs Reimbursements , , , , % Lottery - Unrestricted and Instructional Materials , , , , , % School Based Coordination Program % After School Education and Safety (ASES) % California Dept of Education SACS Financial Reporting Software File: fundi-b (Rev 06/10/2014) Page 3 Printed: 12/12/2014 1:52 AM

5 West Covina Unified Los Angeles County First Interim Charter Schools Enterprise Fund Revenues, Expenses and Changes in Net Position Form 62I Description Resource Codes Object Codes Original Budget (A) Board Approved Operating Budget (B) Actuals To Date (C) Projected Year Totals (D) Difference (Col B & D) (E) % Diff Column B & D (F) Charter School Facility Grant % Drug/Alcohol/Tobacco Funds 6650, % California Clean Energy Jobs Act % Healthy Start % Specialized Secondary % School Community Violence Prevention Grant % Quality Education Investment Act % Common Core State Standards Implementation % All Other State Revenue All Other , , , , % TOTAL, OTHER STATE REVENUE 1,071, ,071, , ,202, , % OTHER LOCAL REVENUE Sales Sale of Equipment/Supplies % Sale of Publications % Food Service Sales % All Other Sales % Leases and Rentals % Interest , , , , % Net Increase (Decrease) in the Fair Value of Investments % Fees and Contracts Child Development Parent Fees % Transportation Fees From Individuals % Interagency Services % All Other Fees and Contracts % Other Local Revenue All Other Local Revenue , , , , % Tuition % All Other Transfers In % Transfers of Apportionments Special Education SELPA Transfers From Districts or Charter Schools % From County Offices % From JPAs % Other Transfers of Apportionments From Districts or Charter Schools All Other % From County Offices All Other % From JPAs All Other % All Other Transfers In from All Others % TOTAL, OTHER LOCAL REVENUE 250, , , , % TOTAL, REVENUES 9,473, ,473, ,442, ,731, California Dept of Education SACS Financial Reporting Software File: fundi-b (Rev 06/10/2014) Page 4 Printed: 12/12/2014 1:52 AM

6 West Covina Unified Los Angeles County First Interim Charter Schools Enterprise Fund Revenues, Expenses and Changes in Net Position Form 62I Description Resource Codes Object Codes Original Budget (A) Board Approved Operating Budget (B) Actuals To Date (C) Projected Year Totals (D) Difference (Col B & D) (E) % Diff Column B & D (F) CERTIFICATED SALARIES Certificated Teachers' Salaries ,369, ,369, ,059, ,378, (9,764.00) -0.2% Certificated Pupil Support Salaries , , , , % Certificated Supervisors' and Administrators' Salaries , , , , (22,400.00) -4.0% Other Certificated Salaries % TOTAL, CERTIFICATED SALARIES 5,141, ,141, ,311, ,172, (31,918.00) -0.6% CLASSIFIED SALARIES Classified Instructional Salaries , , , , (18,427.00) -5.9% Classified Support Salaries , , , , (41,840.00) -22.8% Classified Supervisors' and Administrators' Salaries , , , , (5,228.00) -4.1% Clerical, Technical and Office Salaries , , , , (38,965.00) -12.1% Other Classified Salaries , , , , (11,340.00) -22.9% TOTAL, CLASSIFIED SALARIES 991, , , ,107, (115,800.00) -11.7% EMPLOYEE BENEFITS STRS , , , , , % PERS , , , , (6,602.46) -7.0% OASDI/Medicare/Alternative , , , , (9,782.61) -6.4% Health and Welfare Benefits , , , , , % Unemployment Insurance , , , , (69.35) -2.3% Workers' Compensation , , , , , % OPEB, Allocated % OPEB, Active Employees % Other Employee Benefits , , , % TOTAL, EMPLOYEE BENEFITS 1,512, ,512, , ,411, , % BOOKS AND SUPPLIES Approved Textbooks and Core Curricula Materials , , , % Books and Other Reference Materials % Materials and Supplies , , , , % Noncapitalized Equipment , , , , (142,500.56) % Food , , , % TOTAL, BOOKS AND SUPPLIES 372, , , , (142,500.56) -38.2% SERVICES AND OTHER OPERATING EXPENSES Subagreements for Services % Travel and Conferences , , , , % Dues and Memberships , , , % Insurance , , , , % Operations and Housekeeping Services , , , , % Rentals, Leases, Repairs, and Noncapitalized Improvements , , , , % Transfers of Direct Costs % Transfers of Direct Costs - Interfund % Professional/Consulting Services and Operating Expenditures ,017, ,017, , ,072, (55,069.83) -5.4% Communications , , , , % TOTAL, SERVICES AND OTHER OPERATING EXPENSES 1,391, ,391, , ,446, (54,687.83) -3.9% California Dept of Education SACS Financial Reporting Software File: fundi-b (Rev 06/10/2014) Page 5 Printed: 12/12/2014 1:52 AM

7 West Covina Unified Los Angeles County First Interim Charter Schools Enterprise Fund Revenues, Expenses and Changes in Net Position Form 62I Description Resource Codes Object Codes Original Budget (A) Board Approved Operating Budget (B) Actuals To Date (C) Projected Year Totals (D) Difference (Col B & D) (E) % Diff Column B & D (F) DEPRECIATION Depreciation Expense , , , % TOTAL, DEPRECIATION 54, , , % OTHER OUTGO (excluding Transfers of Indirect Costs) Tuition Tuition for Instruction Under Interdistrict Attendance Agreements % Tuition, Excess Costs, and/or Deficit Payments Payments to Districts or Charter Schools % Payments to County Offices % Payments to JPAs % Other Transfers Out All Other Transfers % All Other Transfers Out to All Others % Debt Service Debt Service - Interest , , , , % TOTAL, OTHER OUTGO (excluding Transfers of Indirect Costs) 9, , , , % OTHER OUTGO - TRANSFERS OF INDIRECT COSTS Transfers of Indirect Costs % Transfers of Indirect Costs - Interfund % TOTAL, OTHER OUTGO - TRANSFERS OF INDIRECT COSTS % TOTAL, EXPENSES 9,473, ,473, ,464, ,717, California Dept of Education SACS Financial Reporting Software File: fundi-b (Rev 06/10/2014) Page 6 Printed: 12/12/2014 1:52 AM

8 West Covina Unified Los Angeles County First Interim Charter Schools Enterprise Fund Revenues, Expenses and Changes in Net Position Form 62I Description Resource Codes Object Codes Original Budget (A) Board Approved Operating Budget (B) Actuals To Date (C) Projected Year Totals (D) Difference (Col B & D) (E) % Diff Column B & D (F) INTERFUND TRANSFERS INTERFUND TRANSFERS IN Other Authorized Interfund Transfers In % (a) TOTAL, INTERFUND TRANSFERS IN % INTERFUND TRANSFERS OUT Other Authorized Interfund Transfers Out % (b) TOTAL, INTERFUND TRANSFERS OUT % OTHER SOURCES/USES SOURCES Other Sources Transfers from Funds of Lapsed/Reorganized LEAs % All Other Financing Sources % (c) TOTAL, SOURCES % USES Transfers of Funds from Lapsed/Reorganized LEAs % All Other Financing Uses % (d) TOTAL, USES % CONTRIBUTIONS Contributions from Unrestricted Revenues % Contributions from Restricted Revenues % (e) TOTAL, CONTRIBUTIONS % TOTAL, OTHER FINANCING SOURCES/USES (a - b + c - d + e) California Dept of Education SACS Financial Reporting Software File: fundi-b (Rev 06/10/2014) Page 7 Printed: 12/12/2014 1:52 AM

9 First Interim Budget

10 First Interim Budget State law requires that all charter schools approve their First Interim Budget by December 15th of each year. The First Interim Budget updates the initial July Budget, showing year to date actuals through October 31st, and modifying revenue and expenditure projections to reflect any changes since the beginning of the year. Since the time of the July Budget, SJCA's revenues have increased by $257,698 due to increases in LCFF and other per student funding rates. Expenditures have increased by $244,061 as well, from $9,473,170 at the time of the July Budget to $9,717,251 now. The expenditure increase includes additional one time Prop 39 and Common Core expenditures as well as estimates of the amount needed to meet all LCAP goals and services. When both the revenue and expenditure changes are taken into account, SJCA is now projected to show a surplus of $14,270 for the year, increasing ending fund balance from $1,862,093 to $1,876,363 (19.3% of expenses). In general, while caution should be maintained to ensure fiscal solvency in a variety of changing statewide fiscal conditions, SJCA will be able to meet all financial obligations for at least the current and two subsequent years.

11 BUDGET SUMMARY July 1 Final First Interim Change from Budget Jul-Oct Actuals Budget July Budget Projected P-2 ADA: 1,199-1,199 - Revenues: General Purpose Entitlement $ 7,894,726 $ 1,998,624 $ 7,938,342 $ 43,616 Federal Revenue 257, , ,453 82,637 Other State Revenue 1,071, ,521 1,202, ,445 Other Local Revenue 250,000 65, ,000 - TTL Revenues $ 9,473,823 $ 2,442,267 $ 9,731,521 $ 257,698 Expenditures: Certificated Salaries $ 5,141,008 $ 1,311,005 $ 5,172,926 $ 31,918 Non-certificated Salaries 991, ,606 1,107, ,800 Benefits 1,512, ,215 1,411,176 (100,825) Books/Supplies/Materials 372, , , ,501 Services/Operations 1,391, ,561 1,446,076 54,688 Capital Outlay 54, ,834 - Other Outgo 9,576 6,458 9,576 - TTL Expenditures $ 9,473,170 $ 2,464,414 $ 9,717,251 $ 244,081 Net Income $ 653 $ (22,146) $ 14,270 $ 13,617 Beginning Balance July 1 $ 1,862,093 $ 1,862,093 Ending Balance June 30 $ 1,862,746 $ 1,876,363 Ending Balance as % of Exp.: 19.66% 19.31% $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 $2,000,000 TTL Revenues TTL Expenditures Net Income Ending Balance June 30 July 1 Final Budget Jul Oct Actuals First Interim Budget

12 BUDGET DETAIL Change from July YTD % of Budget Description July 1 Final Budget Jul-Oct Actuals First Interim Budget Budget Notes/Comments P-2 ADA 1, , ADA assumed stable - will update after P-1 REVENUES General Purpose Entitlement General Purpose Block Grant 5,830,352 1,656,994 5,866,034 35,682 28% Higher per-student LCFF funding Education Protection Account 1,436, ,630 1,444,008 7,934 24% Higher per-student LCFF funding Funding in Lieu of Property Taxes 628, ,300-0% TTL General Purpose Entitlement 7,894,726 1,998,624 7,938,342 43,616 25% Federal Revenue Federal IDEA Special Education 164,672 58, ,661 (24,011) 41% Decreased federal special education funding Other Federal Revenues 93,144 46, , ,648 23% Title I increased TTL Federal Revenue 257, , ,453 82,637 31% Other State Revenue State Special Education Revenue 601, , ,444 30,609 36% Increased state special education funding Mandate Block Grant 16,830-97,114 80,284 0% Additional one-time mandate grant introduced since July State Lottery Revenue 184,552 46, ,429 5,877 24% Add'l State Revenues 268, ,738 14,674 0% TTL Other State Revenue 1,071, ,521 1,202, ,445 23% Other Local Revenue Interest 5,000 4,214 5,000-84% Assuming stable Local Donations/Contributions/Other 245,000 61, ,000-25% Assuming stable TTL Other Local Revenue 250,000 65, ,000-26% TTL REVENUES 9,473,823 2,442,267 9,731, ,698 25%

13 BUDGET DETAIL Description July 1 Final Budget Jul-Oct Actuals First Interim Budget Change from July YTD % of Budget Budget Notes/Comments EXPENDITURES All staff receiving 3% Increase through December and 4% beginning in Certificated Salaries Jan Teachers' Salaries 4,153,111 1,032,048 4,153, % Certificated Substitutes 20,000-23,625 3,625 0% Teacher's Extra Duty 169,322 23, ,602 7,280 13% Cert. Health Care In Lieu 26,690 4,625 25,500 (1,190) 18% Adjusted based on actual participation Certificated Support 205,330 59, ,306 (1,024) 29% Adjusted based on actual participation Support Extra Duty 4,197 3,423 4, % Certificated Supervisory/Admin 562, , ,058 20,700 32% Board approved modifications Cert. Supervisor Health Care In Lieu ,700 1,700 20% TTL Certificated Salaries 5,141,008 1,311,005 5,172,926 31,918 25% Non-Certificated Salaries - All staff receiving 3% Increase through December and 4% beginning in Jan Instructional Aide Salaries 294,523 70, ,372 9,849 23% Classified Substitutes 6,700 2,044 9,535 2,835 21% Classified Extra Duty 9,100 4,247 14,843 5,743 29% Class. Health Care In Lieu 1, ,700-20% Classified Support Salaries 176,709 58, ,560 42,851 27% Increased Custodial Staffing (1 FTE) Classified Substitutes 5, ,588 (2,412) 6% Classified Support Extra Duty - 1,042 1,401 1,401 74% Classified Support Health Care In Lieu 1, ,700-20% Classified Supervisory/Admin 126,000 42, ,228 5,228 32% Clerical/Tech/Office Staff 309,973 81, ,003 36,030 24% Increased clerical staffing (.62 FTE) and extra duty hours Clerical/Tech/Office Staff Subs 4, , % Clerical/Office Extra Duty 3, , % Clerical/Office Health Care In-Lieu 2, ,888 2,019 20% Other Classified Salaries 49,556 11,443 60,896 11,340 19% Psych Intern (Mental Health Support) $9,000 TTL Non-Certificated Salaries 991, ,606 1,107, ,800 25%

14 BUDGET DETAIL Description July 1 Final Budget Jul-Oct Actuals First Interim Budget Change from July YTD % of Budget Budget Notes/Comments Employee Benefits STRS Certificated 485, , ,728 (31,305) 27% Rate reduced from 9.5% to 8.88% based on actual participation STRS Classified - - 2,747 2,747 0% PERS Certificated - - 4,640 4,640 0% PERS Classified 93,712 26,109 95,675 1,963 27% Soc. Sec/Medicare Certificated 75,943 18,507 80,990 5,047 23% Soc. Sec/Medicare Classified 75,872 20,327 80,759 4,887 25% Health Insurance Benefits - Cert 469,300 93, ,271 (6,029) 20% Updated based on actual participation Health Insurance Benefits - Class 118,109 20, ,114 (13,996) 20% Updated based on actual participation State Umployment Ins - Cert 3,710 1,184 2,600 (1,110) 46% State Umployment Ins - Class % Workmen's Comp Certificated 153,917 31,740 96,144 (57,773) 33% Reduced worker's comp rate from 3% to 1.85% Workmen's Comp Classified 29,754 6,400 19,817 (9,937) 32% Reduced worker's comp rate from 3% to 1.85% Other Benefits - certificated 5, ,167-13% Other Benefits - classified % TTL Employee Benefits 1,512, ,215 1,411,176 (100,825) 24% Books/Supplies/Materials Textbooks & Reference Material 50,000-50,000-0% Student Instructional Materials 183, , ,343-59% Office Supplies 6, ,372-9% Student Incentives / Events Other Supplies 30,500 7,071 30,500-23% Noncapitalized Equipment 98, , , ,501 91% LCAP ($50K) and general fund technology ($92K) purchases Food 4, ,000-21% TTL Books/Supplies/Materials 372, , , ,501 65%

15 BUDGET DETAIL Description July 1 Final Budget Jul-Oct Actuals First Interim Budget Change from July YTD % of Budget Budget Notes/Comments Services & Operations Subcontracts for Services Travel and Conferences 22,000 10,826 22,000-49% Dues and Memberships 9, ,620-6% Liability Insurance 41,300 26,870 40,918 (382) 66% Utilities (General) - 1, Janitorial 275, ,000-0% Facility Rental Equipment Leases 8,000 4,199 8,000-52% Maintenance & Repair 6,100 5,136 6,100-84% Professional/Consulting Services 410,399 61, , ,168 11% Special services ($69K), unallocated Title I ($22K) related service fees, Prop 39 energy consulting $50K). Shift bank fees (-$9,500) Legal 20, ,000-3% Audit/CPA Costs 13,000 1,163 13,000-9% DMS Business Services 162,000 54, ,000-33% Authorizer Oversight Fee 273, ,400-0% Interest on Short-Term Debt (<1 yr) 92,369-6,771 (85,598) 0% No RANs needed for cash flow Bank Fees ,500 9,500 6% Bank fees: monthly, NSF and treasury management Livescan (Fingerprinting) % Instructional Consultants 45,000 13,603 45,000-30% Telephone 7,800 2,589 7,800-33% Telecom/Internet 2,500 8,171 2, % Postage 2, ,000-3% TTL Services & Operations 1,391, ,561 1,446,076 54,688 13%

16 BUDGET DETAIL Description July 1 Final Budget Jul-Oct Actuals First Interim Budget Change from July YTD % of Budget Budget Notes/Comments Capital Outlay Depreciation 54, ,834-2% TTL Capital Outlay 54, ,834-2% Other Outgo Interest on Long-Term Debt (>1yr) 9,576 6,458 9,576-67% TTL Other Outgo 9,576 6,458 9,576-67% TTL EXPENDITURES 9,473,170 2,464,414 9,717, ,081 25% Revenues less Expenditures 653 (22,146) 14,270 13,617 Beginning Fund Balance 1,862,093 1,862,093 Net Revenues ,270 ENDING BALANCE 1,862,746 1,876,363 ENDING BALANCE AS % OF OUTGO 19.66% 19.31%

17 Projected Monthly Cash Flow Statement Description Budget July August September October November December January February March April May June Accruals Total For Year BEGINNING CASH 2,678,567 1,906,915 1,803,346 2,139,638 1,973,046 1,858,841 1,643,934 1,925,738 1,865,211 1,898,738 2,250,963 2,035,695 1,361,811 2,678,567 CASH INFLOWS REVENUES General Purpose Block Grant 5,866, , , , , , , , , , , , ,323 5,866,034 Education Protection Account 1,444, , , , ,374 1,444,008 Prior Year Corrections , , (166,920) - In-Lieu-Of Property Taxes 628, , ,084 95,042 95,042 95,042 95, ,300 Federal Revenues 340, , , ,726-26, ,453 Lottery Revenues 190, , ,367-33, , ,429 Other State Revenues 1,012, ,895 56, ,123 21,415 38, , ,123 90,123 52, ,239 1,012,296 Other Local Revenues 250,000 24,577 6,514 25,535 8,825 14,500 14,500 14,500 14,500 14,500 14,500 14,500 14,500 68, ,000 TTL REVENUES 9,731, , ,821 1,119, , , ,520 1,065, , ,953 1,135, , ,542 1,486,933 9,731,521 EXPENDITURES All Certificated Salaries 5,172,926 55, , , , , , , , , , , , ,317 5,172,926 All Classified Salaries 1,107,591 22,845 80,431 85,235 87,095 84,998 84,998 84,998 84,998 84,998 84,998 84,998 84, ,001 1,107,591 All Benefits 1,411,176 11,271 75, , , , , , , , , , , ,590 1,411,176 All Materials & Supplies 515,073 40, ,311 54,138 30,364 16,116 16,116 16,116 32,232 16,116 16,116 16,116 16,116 35, ,073 All Services and Operations 1,446,076 35,622 88,612 48,602 19,907 50, , , , , , , , ,804 1,446,076 All Capital Outlay 54, ,933 54,834 All Other Outgo 9,576 6, ,118 9,576 TTL EXPENSES 9,717, , , , , , , , , , , , ,426 1,064,123 9,717,251 OTHER CASH INFLOWS/OUTFLOWS Accounts Receivable (net change) 653, , ,967 Loan Proceeds and other Cash Inflows - - Net Change in Payables (372,344) 40,859 (40,706) (200,992) - (573,183) Fixed Asset Acquisitions (53,933) (53,933) Loan Repayment and Other Outflows (1,200,000) - (1,200,000) TTL OTHER INFLOWS/OUTFLOWS (918,857) 252,339 (40,706) (200,992) (53,933) (962,149) ENDING CASH BALANCE 1,906,915 1,803,346 2,139,638 1,973,046 1,858,841 1,643,934 1,925,738 1,865,211 1,898,738 2,250,963 2,035,695 1,361,811 1,730,688 ENDING CASH BALANCE 2,500,000 2,000,000 1,500,000 1,000, ,000 - July August September October November December January February March April May June Accruals

18 Projected Monthly Cash Flow Statement Description Budget July August September October November December January February March April May June Accruals Total For Year BEGINNING CASH 1,361,811 1,328,823 1,112,613 1,196,897 1,153,533 1,102,792 1,403,245 1,305,190 1,145,729 1,601,240 1,624,292 1,313, ,821 1,361,811 CASH INFLOWS REVENUES General Purpose Block Grant 6,213, , , , , , , , , , ,236-1,446,948 6,213,293 Education Protection Account 1,521, , , , ,609-1,521,221 Prior Year Corrections In-Lieu-Of Property Taxes 628,300-37,698 75,396 50,264 50,264 50,264 50,264 50,264 87,962 43,981 43,981 43,981 43, ,300 Federal Revenues 340, , , ,113 48,636 48,636-30, ,453 Lottery Revenues 190, ,607-47, , ,429 Other State Revenues 832,126-39,281 39,281 70,706 70,706 70,706 70,706 70,706 80,007 80,007 46, , ,126 Other Local Revenues 250,000 6,250 6,250 22,727 22,727 22,727 22,727 22,727 22,727 22,727 22,727 22,727 22,727 10, ,000 TTL CASH INFLOWS 9,975,823 6, , , , ,640 1,117, , ,640 1,272, , , ,317 1,820,554 9,975,823 EXPENDITURES All Certificated Salaries 5,378,806 57, , , , , , , , , , , , ,627 5,378,806 All Classified Salaries 1,151,759 23,756 83,638 88,634 90,568 88,388 88,388 88,388 88,388 88,388 88,388 88,388 88, ,062 1,151,759 All Benefits 1,602,082 12,796 85, , , , , , , , , , , ,909 1,602,082 All Materials & Supplies 441,041 34, ,227 46,357 26,000 13,800 13,800 13,800 27,599 13,800 13,800 13,800 13,800 30, ,041 All Services and Operations 1,453,881 35,814 89,090 48,864 20,014 50, , , , , , , , ,623 1,453,881 All Capital Outlay 67, ,224 67,224 All Other Outgo 14, ,364 14,364 TTL CASH OUTFLOWS 10,109, , , , , , , , , , , , ,302 1,132,088 10,109,156 Accounts Receivable (net change) 1,189, ,239 22,946-1,486,933 Loan Proceeds and other Cash Inflows - - Net Change in Payables (1,064,123) (1,064,123) Fixed Asset Acquisitions - Loan Repayment and Other Outflows NET INFLOWS/OUTFLOWS 125, ,239 22, ENDING CASH BALANCE 1,328,823 1,112,613 1,196,897 1,153,533 1,102,792 1,403,245 1,305,190 1,145,729 1,601,240 1,624,292 1,313, ,821 1,651,287 2,000,000 1,500,000 1,000, ,000 - ENDING CASH BALANCE July August September October November December January February March April May June Accruals

19 MULTI-YEAR PROJECTION SUMMARY First Interim Budget (YEAR 2) (YEAR 3) Projected P-2 ADA: 1, , , Revenues: General Purpose Entitlement $ 7,938,342 $ 8,362,814 $ 8,831,164 Federal Revenue 340, , ,453 Other State Revenue 1,202,726 1,022, ,278 Other Local Revenue 250, , ,000 TTL Revenues: $ 9,731,521 $ 9,975,823 $ 10,320,895 Expenditures: Certificated Salaries $ 5,172,926 $ 5,378,806 $ 5,545,547 Non-certificated Salaries 1,107,591 1,151,759 1,187,463 Benefits 1,411,176 1,602,082 1,767,432 Books/Supplies/Materials 515, , ,714 Services/Operations 1,446,076 1,453,881 1,499,161 Capital Outlay 54,834 67,224 67,224 Other Outgo 9,576 14,364 14,364 TTL Expenditures: $ 9,717,251 $ 10,109,156 $ 10,473,906 Net Income $ 14,270 $ (133,333) $ (153,011) Beginning Balance July 1 $ 1,862,093 $ 1,876,363 $ 1,743,029 Ending Balance June 30 $ 1,876,363 $ 1,743,029 $ 1,590,018 Ending Balance as % of Exp.: 19.3% 17.2% 15.2% $12,000,000 TTL Revenues: TTL Expenditures: Ending Balance June 30 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 First Interim Budget (YEAR 2) (YEAR 3)

20 LOCAL CONTROL FUNDING FORMULA CALCULATOR ( YEAR 1) STEP 1: Calculate Start Point ( Actual Funding) General Purpose Block Grant 4,239, Education Protection Account 1,302, In-Lieu-Of Property Taxes 546, Categorical Block Grant (Main Portion) 482, Categorical Block Grant (EIA Portion) 100, K-3 Class Size Reduction Supplemental Categorical Grant Other "Flexed" Categoricals Actual Funding Total: $ 6,672, P-2 ADA: divided by 1, Actual Funding Per ADA: $ 5, Step 2: Calculate LCFF Target Amount: Projected Enrollment: 1, Total Unduplicated Count of Free/Red Lunch, EL and Foster Students: Unduplicated % ( Enrollment / UC): 47.74% Local District Unduplicated % (if school U% is over 55%): 72.97% ADA Base Grant ($/ADA) Base Grant (Total $) Supp. Grant (Total $) Conc. Grant (Total $) Total Target Amount ($) K-3 ADA: ,741 4,151, ,409-4,548, ADA: ,116 2,841, ,360-3,113, ADA: ,328 1,932, ,565-2,117, ADA: - 8, Totals: 1, ,926, ,334-9,778,955 LCFF Target: $ 9,778, P-2 ADA: divided by 1, LCFF Target Per ADA: $ 8, Step 3: Calculate Current Year LCFF Funding: LCFF Target: $ 9,778,955 Starting Amount ( Actual Funding Per ADA x ADA): (6,819,950) Prior Year Gap per ADA x ADA: (345,983) Total Revised Gap Amount: $ 2,613,022 Percentage of Gap Covered in : % Dollar Amount of Gap Coverage: $ 772,409 Total LCFF Funding ( Funding Gap Coverage): $ 7,938,342 Total LCFF Funding Per ADA: $ 6, % Change in $/ADA Funding from to : %

21 LOCAL CONTROL FUNDING FORMULA CALCULATOR ( YEAR 2) STEP 1: Calculate Start Point ( Actual Funding) General Purpose Block Grant 4,239, General Purpose Block Grant 1,302, In-Lieu-Of Property Taxes 546, Categorical Block Grant (Main Portion) 482, Categorical Block Grant (Main Portion) 100, K-3 Class Size Reduction Supplemental Categorical Grant Other "Flexed" Categoricals Actual Funding Total: $ 6,672, P-2 ADA: divided by 1, Actual Funding Per ADA: $ 5, Step 2: Calculate LCFF Target Amount: Projected Enrollment: 1, Total Unduplicated Count of Free/Red Lunch, EL and Foster Students: Unduplicated % (13-14,14-15 & Enrollment / 13-14, & UC): 47.63% Local District Unduplicated %: 72.97% ADA Base Grant ($/ADA) Base Grant (Total $) Supp. Grant (Total $) Conc. Grant (Total $) Total Target Amount ($) K-3 ADA: ,910 4,242, ,083-4,646, ADA: ,272 2,904, ,637-3,180, ADA: ,489 1,975, ,163-2,163, ADA: - 8, Totals: 1, ,122, ,883-9,990,913 LCFF Target: $ 9,990, P-2 ADA: divided by 1, LCFF Target Per ADA: $ 8, Step 3: Calculate Current Year LCFF Funding: LCFF Target: $ 9,990,913 Starting Amount ( Actual Funding Per ADA x ADA): (6,819,950) Prior Year Gaps per ADA x ADA: (1,118,392) Total Revised Gap Amount: $ 2,052,571 Percentage of Gap Covered in : % Dollar Amount of Gap Coverage: $ 424,472 Total LCFF Funding ( Funding Gap Coverage): $ 8,362,814 Total LCFF Funding Per ADA: $ 6, % Change in $/ADA Funding from to : 5.347%

22 LOCAL CONTROL FUNDING FORMULA CALCULATOR ( YEAR 3) STEP 1: Calculate Start Point ( Actual Funding) General Purpose Block Grant 4,239, General Purpose Block Grant 1,302, In-Lieu-Of Property Taxes 546, Categorical Block Grant (Main Portion) 482, Categorical Block Grant (Main Portion) 100, K-3 Class Size Reduction Supplemental Categorical Grant Other "Flexed" Categoricals Actual Funding Total: $ 6,672, P-2 ADA: divided by 1, Actual Funding Per ADA: $ 5, Step 2: Calculate LCFF Target Amount: Projected Enrollment: 1, Total Unduplicated Count of Free/Red Lunch, EL and Foster Students: Unduplicated % (14-15,15-16 & Enrollment / 14-15, & UC): 47.39% Local District Unduplicated %: 72.97% ADA Base Grant ($/ADA) Base Grant (Total $) Supp. Grant (Total $) Conc. Grant (Total $) Total Target Amount ($) K-3 ADA: ,080 4,333, ,762-4,744, ADA: ,428 2,966, ,198-3,247, ADA: ,649 2,017, ,250-2,208, ADA: - 9, Totals: 1, ,317, ,210-10,200,924 LCFF Target: $ 10,200, P-2 ADA: divided by 1, LCFF Target Per ADA: $ 8, Step 3: Calculate Current Year LCFF Funding: LCFF Target: $ 10,200,924 Starting Amount ( Actual Funding Per ADA x ADA): (6,819,950) Prior Year Gaps per ADA x ADA: (1,542,864) Total Revised Gap Amount: $ 1,838,110 Percentage of Gap Covered in : % Dollar Amount of Gap Coverage: $ 468,351 Total LCFF Funding ( Funding Gap Coverage): $ 8,831,164 Total LCFF Funding Per ADA: $ 7, % Change in $/ADA Funding from to : 5.600%

23 FUNDING CALCULATIONS (Year 1) Net State Funding COLA over prior year = 0.85% GENERAL PURPOSE ENTITLEMENT $/ADA ADA Subtotal Total LCFF Funding (see LCFF page): $ 6, , $ 7,938,342 TOTALS State Aid Portion: $ 4, , ,866, Education Protection Account Portion: $ 1, , ,444, Local In-Lieu-Of Property Tax Portion: $ , $ 628, TOTAL GENERAL PURPOSE ENTITLEMENT $ 7,938, FEDERAL REVENUES Title I Funding $ 186,708 Title II Part A 13,084 Title III LEP - Total Federal ESEA Funding: 199, Other Federal Revenues Federal IDEA Special Education 140, MAA Funding - Other Federal Revenue - Total Other Federal Revenues: 140, TOTAL FEDERAL REVENUES $ 340, OTHER STATE REVENUES Non-Prop 20 Lottery (using P-2 ADA) $ , , Prop 20 Lottery (using P-2 ADA): ,175 39, , Additional Other State Revenues Mandate Block Grant 97, Facility Grant Program (lesser of 75% or $750/ADA) - State Special Education (AB602) 565, SPED Mental Health (Tier 1) 66, SPED Mental Health (Tier 2) - Prior Year Corrections/Adjustments - Updated WCUSD Backfill (Year 2 of LCFF) 282, Other State Revenues - Total Additional Other State Revenues: 1,012, TOTAL OTHER STATE REVENUES $ 1,202, OTHER LOCAL REVENUES Interest Earnings $ 5, Local Donations/Contributions - Local Lunch Revenues - Extended Day Program 245, Other Local Revenues - TOTAL OTHER LOCAL REVENUES $ 250, TOTAL REVENUES $ 9,731,520.76

24 FUNDING CALCULATIONS (Year 2) Net State Funding COLA over prior year = 2.19% GENERAL PURPOSE ENTITLEMENT $/ADA ADA Subtotal Total LCFF Funding (see LCFF page): $ 6, , $ 8,362,814 TOTALS State Aid Portion: $ 5, , ,213, Education Protection Account Portion: $ 1, , ,521, Local In-Lieu-Of Property Tax Portion: $ , $ 628, TOTAL GENERAL PURPOSE ENTITLEMENT $ 8,362, FEDERAL REVENUES Title I Funding $ 186,708 Title II Part A 13,084 Title III LEP - Total Federal ESEA Funding: 199, Other Federal Revenues Federal IDEA Special Education 140, MAA Funding - Other Federal Revenue - Total Other Federal Revenues: 140, TOTAL FEDERAL REVENUES $ 340, OTHER STATE REVENUES Non-Prop 20 Lottery (using P-2 ADA) $ , , Prop 20 Lottery (using P-2 ADA): ,175 39, , Additional Other State Revenues Mandate Block Grant 17, Facility Grant Program (lesser of 75% or $750/ADA) - State Special Education (AB602) 565, SPED Mental Health (Tier 1) 66, SPED Mental Health (Tier 2) - Prior Year Corrections/Adjustments - Updated WCUSD Backfill (Year 3 of LCFF) 182, Other State Revenues - Total Additional Other State Revenues: 832, TOTAL OTHER STATE REVENUES $ 1,022, OTHER LOCAL REVENUES Interest Earnings $ 5, Local Donations/Contributions - Local Lunch Revenues - Extended Day Program 245, Other Local Revenues - TOTAL OTHER LOCAL REVENUES $ 250, TOTAL REVENUES $ 9,975,822.76

25 FUNDING CALCULATIONS (Year 3) Net State Funding COLA over prior year = 2.14% GENERAL PURPOSE ENTITLEMENT $/ADA ADA Subtotal Total LCFF Funding (see LCFF page): $ 7, , $ 8,831,164 TOTALS State Aid Portion: $ 6, , ,596, Education Protection Account Portion: $ 1, , ,606, Local In-Lieu-Of Property Tax Portion: $ , $ 628, TOTAL GENERAL PURPOSE ENTITLEMENT $ 8,831, FEDERAL REVENUES Title I Funding $ 186,708 Title II Part A 13,084 Title III LEP - Total Federal ESEA Funding: 199, Other Federal Revenues Federal IDEA Special Education 140, MAA Funding - Other Federal Revenue - Total Other Federal Revenues: 140, TOTAL FEDERAL REVENUES $ 340, OTHER STATE REVENUES Non-Prop 20 Lottery (using P-2 ADA) $ , , Prop 20 Lottery (using P-2 ADA): ,175 39, , Additional Other State Revenues Mandate Block Grant 17, Facility Grant Program (lesser of 75% or $750/ADA) - State Special Education (AB602) 565, SPED Mental Health (Tier 1) 66, SPED Mental Health (Tier 2) - Prior Year Corrections/Adjustments - Updated WCUSD Backfill (Year 4 of LCFF) 59, Other State Revenues - Total Additional Other State Revenues: 708, TOTAL OTHER STATE REVENUES $ 899, OTHER LOCAL REVENUES Interest Earnings $ 5, Local Donations/Contributions - Local Lunch Revenues - Extended Day Program 245, Other Local Revenues - TOTAL OTHER LOCAL REVENUES $ 250, TOTAL REVENUES $ 10,320,894.76