Charter School Name: CDS #: Charter Approving Entity: County: Charter #: Fiscal Year: CERTIFICATION KIPP Valiant Community Prep 41 68999 0135608 Ravenswood City Elementary San Mateo 2017-18 To the entity that approved the charter school: ( ) 2017-18 BUDGET FINANCIAL REPORT -- ALTERNATIVE FORM: This report has been approved, and is hereby filed by the charter school pursuant to Education Code Section 47604.33. Signed: Date: Charter School Official (Original signature required) Print Name: Prabhu Reddy Title: Managing Director of Financ To the County Superintendent of Schools: ( ) 2017-18 BUDGET FINANCIAL REPORT -- ALTERNATIVE FORM: This report is hereby filed with the County Superintendent pursuant to Education Code Section 47604.33. Signed: Date: Authorized Representative of Charter Approving Entity (Original signature required) Print Name: Title: For additional information on the BUDGET, please contact: For Approving Entity: Steve Eichman Name Chief Business Official Title 650-329-2800 Telephone seichman@ravenswoodschools.org E-mail address For Charter School: Prabhu Reddy Name Managing Director of Finance Title 619-876-6119 Telephone prabhu.reddy@kippbayarea.org E-mail address ( ) 2017-18 BUDGET FINANCIAL REPORT -- ALTERNATIVE FORM: This report verified for mathematical accuracy by the County Superintendent of Schools pursuant to Education Code Section 47604.33. Signed: Date: ACOE District Advisor C:\Users\user\AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.Outlook\ITV7UF5R\Valiant 2017-18 Charters MYP Budget - cleaned.xls Revised 5/27/15
CDS #: 41 68999 0135608 Charter Approving Entity: Ravenswood City Elementary County: San Mateo Charter #: Budgeting Period: 2017/18 This charter school uses the following basis of accounting: x Accrual Basis (Applicable Capital Assets / Interest on Long-Term Debt / Long-Term Liabilities objects are 6900, 7438, 9400-9499, and 9660-9669) Modified Accrual Basis (Applicable Capital Outlay / Debt Service objects are 6100-6170, 6200-6500, 7438, and 7439) Est. Actuals Current Budget Year Description Object Code Prior Year Unrest. Rest. Total A. REVENUES 1. LCFF Sources State Aid - Current Year 8011 0.00 1,539,062.53 0.00 1,539,062.53 Education Protection Account State Aid - Current Year 8012 0.00 275,903.56 0.00 275,903.56 State Aid - Prior Years 8019 0.00 0.00 0.00 0.00 Tax Relief Subventions (for rev. limit funded schools) 8020-8039 0.00 0.00 0.00 0.00 County and District Taxes (for rev. limit funded schools) 8040-8079 0.00 0.00 0.00 0.00 Miscellaneous Funds (for rev. limit funded schools) 8080-8089 0.00 0.00 0.00 0.00 Revenue Limit Transfers (for rev. limit funded schools): PERS Reduction Transfer 8092 0.00 0.00 0.00 Charter Schools Funding in Lieu of Property Taxes 8096 0.00 359,509.68 359,509.68 Other Revenue Limit Transfers 8091, 8097 0.00 0.00 0.00 0.00 Total, LCFF/Revenue Limit Sources 0.00 2,174,475.76 0.00 2,174,475.76 2. Federal Revenues No Child Left Behind 8290 0.00 87,748.70 87,748.70 Special Education - Federal 8181, 8182 0.00 0.00 0.00 Child Nutrition - Federal 8220 0.00 0.00 0.00 Other Federal Revenues 8110, 8260-8299 0.00 0.00 0.00 Total, Federal Revenues 0.00 0.00 87,748.70 87,748.70 3. Other State Revenues Charter Categorical Block Grant (8480 N/A per SBX3-4) N/A 0.00 Special Education - State StateRevSE 0.00 0.00 0.00 All Other State Revenues StateRevAO 0.00 40,782.88 0.00 40,782.88 Total, Other State Revenues 0.00 40,782.88 0.00 40,782.88 4. Other Local Revenues All Other Local Revenues LocalRevAO 262,325.23 1,278,997.96 0.00 1,278,997.96 Total, Local Revenues 262,325.23 1,278,997.96 0.00 1,278,997.96 5. TOTAL REVENUES 262,325.23 3,494,256.60 87,748.70 3,582,005.30 B. EXPENDITURES 1. Certificated Salaries Certificated Teachers' Salaries 1100 0.00 629,169.55 76,430.45 705,600.00 Certificated Pupil Support Salaries 1200 0.00 0.00 0.00 0.00 Certificated Supervisors' and Administrators' Salaries 1300 125,000.00 475,700.00 0.00 475,700.00 Other Certificated Salaries 1900 0.00 0.00 0.00 0.00 Total, Certificated Salaries 125,000.00 1,104,869.55 76,430.45 1,181,300.00 2. Non-certificated Salaries Non-certificated Instructional Aides' Salaries 2100 0.00 0.00 0.00 0.00 Non-certificated Support Salaries 2200 0.00 0.00 0.00 0.00 Non-certificated Supervisors' and Administrators' Sal. 2300 62,400.00 164,520.00 0.00 164,520.00 Clerical and Office Salaries 2400 0.00 0.00 0.00 0.00 Other Non-certificated Salaries 2900 0.00 0.00 0.00 0.00 Total, Non-certificated Salaries 62,400.00 164,520.00 0.00 164,520.00 C:\Users\user\AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.Outlook\ITV7UF5R\Valiant 2017-18 Charters MYP Budget - cleaned.xls 1 of 3 Revised 5/27/15
Est. Actuals Current Budget Year Description Object Code Prior Year Unrest. Rest. Total 3. Employee Benefits STRS 3101-3102 0.00 0.00 0.00 0.00 PERS 3201-3202 0.00 0.00 0.00 0.00 OASDI / Medicare / Alternative 3301-3302 14,336.10 97,134.18 5,821.05 102,955.23 Health and Welfare Benefits 3401-3402 26,315.77 146,542.17 1,785.96 148,328.13 Unemployment Insurance 3501-3502 1,736.00 8,675.07 655.93 9,331.00 Workers' Compensation Insurance 3601-3602 2,417.46 17,361.08 0.00 17,361.08 OPEB, Allocated 3701-3702 0.00 0.00 0.00 0.00 OPEB, Active Employees 3751-3752 0.00 0.00 0.00 0.00 PERS Reduction (for revenue limit funded schools) 3801-3802 0.00 0.00 0.00 0.00 Other Employee Benefits 3901-3902 5,340.90 41,990.56 3,055.31 45,045.87 Total, Employee Benefits 50,146.23 311,703.05 11,318.25 323,021.30 4. Books and Supplies Approved Textbooks and Core Curricula Materials 4100 0.00 0.00 0.00 0.00 Books and Other Reference Materials 4200 0.00 14,340.01 0.00 14,340.01 Materials and Supplies 4300 1,500.00 336,813.62 0.00 336,813.62 Noncapitalized Equipment 4400 6,779.00 245,739.91 0.00 245,739.91 Food 4700 0.00 0.00 0.00 0.00 Total, Books and Supplies 8,279.00 596,893.54 0.00 596,893.54 5. Services and Other Operating Expenditures Subagreements for Services 5100 0.00 0.00 0.00 0.00 Travel and Conferences 5200 0.00 0.00 0.00 0.00 Dues and Memberships 5300 0.00 0.00 0 0.00 Insurance 5400 0.00 19,811.74 0.00 19,811.74 Operations and Housekeeping Services 5500 0.00 86,965.92 0.00 86,965.92 Rentals, Leases, Repairs, and Noncap. Improvements 5600 0.00 93,881.60 0.00 93,881.60 Professional/Consulting Services & Operating Expend. 5800 14,700.00 420,209.83 0.00 420,209.83 Communications 5900 1,800.00 14,452.37 0.00 14,452.37 Total, Services and Other Operating Expenditures 16,500.00 635,321.45 0.00 635,321.45 6. Capital Outlay (Objects 6100-6170, 6200-6500 - modified accrual basis) Sites and Improvements of Sites 6100-6170 0.00 0.00 0.00 0.00 Buildings and Improvements of Buildings 6200 0.00 0.00 0.00 0.00 Books and Media for New School Libraries or Major Expansion of School Libraries 6300 0.00 0.00 0.00 0.00 Equipment 6400 0.00 0.00 0.00 0.00 Equipment Replacement 6500 0.00 0.00 0.00 0.00 Depreciation Expense (for full accrual basis only) 6900 0.00 0.00 0.00 0.00 Total, Capital Outlay 0.00 0.00 0.00 0.00 7. Other Outgo Tuition to Other Schools 7110-7143 0.00 0.00 0.00 0.00 Transfers of Pass-through Revenues to Other LEAs 7211-7213 0.00 0.00 0.00 0.00 Transfers of Apportionments to Other LEAs - Spec. Ed. 7221-7223SE 0.00 80,949.00 0.00 80,949.00 Transfers of Apportionments to Other LEAs - All Other 7221-7223AO 0.00 0.00 0.00 0.00 All Other Transfers 7281-7299 0.00 0.00 0.00 0.00 Debt Service: Interest 7438 0.00 0.00 0.00 0.00 Principal 7439 0.00 0.00 0.00 0.00 Total, Other Outgo 0.00 80,949.00 0.00 80,949.00 8. TOTAL EXPENDITURES 262,325.23 2,894,256.60 87,748.70 2,982,005.30 C. EXCESS (DEFICIENCY) OF REVENUES OVER EXPEND. BEFORE OTHER FINANCING SOURCES AND USES (A5-B8) 0.00 600,000.00 0.00 600,000.00 C:\Users\user\AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.Outlook\ITV7UF5R\Valiant 2017-18 Charters MYP Budget - cleaned.xls 2 of 3 Revised 5/27/15
Est. Actuals Current Budget Year Description Object Code Prior Year Unrest. Rest. Total D. OTHER FINANCING SOURCES / USES 1. Other Sources 8930-8979 0.00 0.00 0.00 0.00 2. Less: Other Uses 7630-7699 0.00 0.00 0.00 0.00 3. Contributions Between Unrestricted and Restricted Accounts (must net to zero) 8980-8999 0.00 0.00 0.00 0.00 4. TOTAL OTHER FINANCING SOURCES / USES 0.00 0.00 0.00 0.00 E. NET INCREASE (DECREASE) IN FUND BALANCE (C + D4) 0.00 600,000.00 0.00 600,000.00 F. FUND BALANCE, RESERVES 1. Beginning Fund Balance a. As of July 1 9791 0.00 0.00 0.00 0.00 b. Adjustments to Beginning Balance 9793, 9795 0.00 0.00 0.00 0.00 c. Adjusted Beginning Balance 0.00 0.00 0.00 0.00 2. Ending Fund Balance, June 30 (E + F.1.c.) 0.00 600,000.00 0.00 600,000.00 Components of Ending Fund Balance a. Nonspendable Revolving Cash 9711 0.00 0.00 0.00 Stores 9712 0.00 0.00 0.00 0.00 Prepaid Expenditures 9713 0.00 0.00 0.00 0.00 All Others 9719 0.00 0.00 0.00 0.00 b. Restricted 9740 0.00 0.00 0.00 c. Committed Stabilization Arrangements 9750 0.00 0.00 0.00 Other Commitments 9760 0.00 0.00 0.00 d. Assigned Other Assignments 9780 0.00 0.00 0.00 e. Unassigned/Unappropriated Reserve for Economic Uncertainties 9789 0.00 600,000.00 0.00 600,000.00 Unassigned / Unappropriated Amount 9790 0.00 0.00 0.00 0.00 C:\Users\user\AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.Outlook\ITV7UF5R\Valiant 2017-18 Charters MYP Budget - cleaned.xls 3 of 3 Revised 5/27/15
MULTI-YEAR PROJECTION - ALTERNATIVE FORM CDS #: 41 68999 0135608 Charter Approving Entity: Ravenswood City Elementary County: San Mateo Charter #: Fiscal Year: 2017/18 This charter school uses the following basis of accounting: x Accrual Basis (Applicable Capital Assets / Interest on Long-Term Debt / Long-Term Liabilities objects are 6900, 7438, 9400-9499, and 9660-9669) Modified Accrual Basis (Applicable Capital Outlay / Debt Service objects are 6100-6170, 6200-6500, 7438, and 7439) FY 2017/18 Totals for Totals for Description Object Code Unrestricted Restricted Total 2018/19 2019/20 A. REVENUES 1. LCFF Sources State Aid - Current Year 8011 1,539,062.53 0.00 1,539,062.53 2,544,945.09 3,560,893.67 Education Protection Account State Aid - Current Year 8012 275,903.56 0.00 275,903.56 492,419.80 665,632.80 State Aid - Prior Years 8019 0.00 0.00 0.00 0.00 0.00 Tax Relief Subventions (for rev. limit funded schools) 8020-8039 0.00 0.00 0.00 0.00 0.00 County and District Taxes (for rev. limit funded schools) 8040-8079 0.00 0.00 0.00 0.00 0.00 Miscellaneous Funds (for rev. limit funded schools) 8080-8089 0.00 0.00 0.00 0.00 0.00 Revenue Limit Transfers (for rev. limit funded schools): PERS Reduction Transfer 8092 0.00 0.00 0.00 0.00 0.00 Charter Schools Funding in Lieu of Property Taxes 8096 359,509.68 0.00 359,509.68 641,636.10 867,337.24 Other Revenue Limit Transfers 8091, 8097 0.00 0.00 0.00 0.00 0.00 Total, LCFF/Revenue Limit Sources 2,174,475.76 0.00 2,174,475.76 3,679,001.00 5,093,863.71 2. Federal Revenues No Child Left Behind 8290 0.00 87,748.70 87,748.70 170,105.51 223,130.90 Special Education - Federal 8181, 8182 0.00 0.00 0.00 0.00 0.00 Child Nutrition - Federal 8220 0.00 0.00 0.00 0.00 0.00 Other Federal Revenues 8110, 8260-8299 0.00 0.00 0.00 0.00 0.00 Total, Federal Revenues 0.00 87,748.70 87,748.70 170,105.51 223,130.90 3. Other State Revenues Charter Categorical Block Grant (8480 N/A thru 2014/15 - SBX3-4) N/A 0.00 0.00 0.00 Special Education - State StateRevSE 0.00 0.00 0.00 0.00 0.00 All Other State Revenues StateRevAO 40,782.88 0.00 40,782.88 74,534.27 103,301.39 Total, Other State Revenues 40,782.88 0.00 40,782.88 74,534.27 103,301.39 4. Other Local Revenues All Other Local Revenues LocalRevAO 1,278,997.96 0.00 1,278,997.96 545,412.02 115,115.46 Total, Local Revenues 1,278,997.96 0.00 1,278,997.96 545,412.02 115,115.46 5. TOTAL REVENUES 3,494,256.60 87,748.70 3,582,005.30 4,469,052.80 5,535,411.46 B. EXPENDITURES 1. Certificated Salaries Certificated Teachers' Salaries 1100 629,169.55 76,430.45 705,600.00 1,322,812.54 1,735,399.69 Certificated Pupil Support Salaries 1200 0.00 0.00 0.00 0.00 0.00 Certificated Supervisors' and Administrators' Salaries 1300 475,700.00 0.00 475,700.00 519,951.84 608,067.27 Other Certificated Salaries 1900 0.00 0.00 0.00 0.00 0.00 Total, Certificated Salaries 1,104,869.55 76,430.45 1,181,300.00 1,842,764.38 2,343,466.96 2. Non-certificated Salaries Non-certificated Instructional Aides' Salaries 2100 0.00 0.00 0.00 0.00 0.00 Non-certificated Support Salaries 2200 0.00 0.00 0.00 0.00 0.00 Non-certificated Supervisors' and Administrators' Sal. 2300 164,520.00 0.00 164,520.00 169,323.98 126,208.24 Clerical and Office Salaries 2400 0.00 0.00 0.00 0.00 0.00 Other Non-certificated Salaries 2900 0.00 0.00 0.00 0.00 0.00 Total, Non-certificated Salaries 164,520.00 0.00 164,520.00 169,323.98 126,208.24 C:\Users\user\AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.Outlook\ITV7UF5R\Valiant 2017-18 Charters MYP Budget - cleaned.xls 1 of 3 Revised 5/27/15
MULTI-YEAR PROJECTION - ALTERNATIVE FORM FY 2017/18 Totals for Totals for Description Object Code Unrestricted Restricted Total 2018/19 2019/20 3. Employee Benefits STRS 3101-3102 0.00 0.00 0.00 0.00 0.00 PERS 3201-3202 0.00 0.00 0.00 0.00 0.00 OASDI / Medicare / Alternative 3301-3302 97,134.18 5,821.05 102,955.23 153,924.76 188,930.15 Health and Welfare Benefits 3401-3402 146,542.17 1,785.96 148,328.13 217,067.58 265,560.90 Unemployment Insurance 3501-3502 8,675.07 655.93 9,331.00 13,020.00 15,190.00 Workers' Compensation Insurance 3601-3602 17,361.08 0.00 17,361.08 25,955.94 31,858.81 OPEB, Allocated 3701-3702 0.00 0.00 0.00 0.00 0.00 OPEB, Active Employees 3751-3752 0.00 0.00 0.00 0.00 0.00 PERS Reduction (for revenue limit funded schools) 3801-3802 0.00 0.00 0.00 0.00 0.00 Other Employee Benefits 3901-3902 41,990.56 3,055.31 45,045.87 65,281.00 80,988.15 Total, Employee Benefits 311,703.05 11,318.25 323,021.30 475,249.28 582,528.01 4. Books and Supplies Approved Textbooks and Core Curricula Materials 4100 0.00 0.00 0.00 0.00 0.00 Books and Other Reference Materials 4200 14,340.01 0.00 14,340.01 24,584.04 29,558.27 Materials and Supplies 4300 336,813.62 0.00 336,813.62 438,525.99 495,708.97 Noncapitalized Equipment 4400 245,739.91 0.00 245,739.91 268,838.70 282,831.25 Food 4700 0.00 0.00 0.00 0.00 0.00 Total, Books and Supplies 596,893.54 0.00 596,893.54 731,948.73 808,098.49 5. Services and Other Operating Expenditures Subagreements for Services 5100 0.00 0.00 0.00 0.00 0.00 Travel and Conferences 5200 0.00 0.00 0.00 0.00 0.00 Dues and Memberships 5300 0.00 0.00 0.00 0.00 0.00 Insurance 5400 19,811.74 0.00 19,811.74 34,117.08 41,008.18 Operations and Housekeeping Services 5500 86,965.92 0.00 86,965.92 159,744.93 210,090.23 Rentals, Leases, Repairs, and Noncap. Improvements 5600 93,881.60 0.00 93,881.60 198,176.79 264,430.76 Professional/Consulting Services and Operating Expend. 5800 420,209.83 0.00 420,209.83 697,332.14 939,570.36 Communications 5900 14,452.37 0.00 14,452.37 12,454.12 14,969.65 Total, Services and Other Operating Expenditures 635,321.45 0.00 635,321.45 1,101,825.06 1,470,069.18 6. Capital Outlay (Objects 6100-6170, 6200-6500 for mod. accrual basis) Sites and Improvements of Sites 6100-6170 0.00 0.00 0.00 0.00 0.00 Buildings and Improvements of Buildings 6200 0.00 0.00 0.00 0.00 0.00 Books and Media for New School Libraries or Major Expansion of School Libraries 6300 0.00 0.00 0.00 0.00 0.00 Equipment 6400 0.00 0.00 0.00 0.00 0.00 Equipment Replacement 6500 0.00 0.00 0.00 0.00 0.00 Depreciation Expense (for full accrual only) 6900 0.00 0.00 0.00 0.00 0.00 Total, Capital Outlay 0.00 0.00 0.00 0.00 0.00 7. Other Outgo Tuition to Other Schools 7110-7143 0.00 0.00 0.00 0.00 0.00 Transfers of Pass-through Revenues to Other LEAs 7211-7213 0.00 0.00 0.00 0.00 0.00 Transfers of Apportionments to Other LEAs - Spec. Ed. 7221-7223SE 80,949.00 0.00 80,949.00 147,941.38 205,040.58 Transfers of Apportionments to Other LEAs - All Other 7221-7223AO 0.00 0.00 0.00 0.00 0.00 All Other Transfers 7281-7299 0.00 0.00 0.00 0.00 0.00 Debt Service: Interest 7438 0.00 0.00 0.00 0.00 0.00 Principal 7439 0.00 0.00 0.00 0.00 0.00 Total, Other Outgo 80,949.00 0.00 80,949.00 147,941.38 205,040.58 8. TOTAL EXPENDITURES 2,894,256.60 87,748.70 2,982,005.30 4,469,052.80 5,535,411.46 C. EXCESS (DEFICIENCY) OF REVENUES OVER EXPEND. BEFORE OTHER FINANCING SOURCES AND USES (A5-B8) 600,000.00 0.00 600,000.00 0.00 0.00 C:\Users\user\AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.Outlook\ITV7UF5R\Valiant 2017-18 Charters MYP Budget - cleaned.xls 2 of 3 Revised 5/27/15
MULTI-YEAR PROJECTION - ALTERNATIVE FORM FY 2017/18 Totals for Totals for Description Object Code Unrestricted Restricted Total 2018/19 2019/20 D. OTHER FINANCING SOURCES / USES 1. Other Sources 8930-8979 0.00 0.00 0.00 0.00 0.00 2. Less: Other Uses 7630-7699 0.00 0.00 0.00 0.00 0.00 3. Contributions Between Unrestricted and Restricted Accounts (must net to zero) 8980-8999 0.00 0.00 0.00 0.00 0.00 4. TOTAL OTHER FINANCING SOURCES / USES 0.00 0.00 0.00 0.00 0.00 E. NET INCREASE (DECREASE) IN FUND BALANCE (C + D4) 600,000.00 0.00 600,000.00 0.00 0.00 F. FUND BALANCE, RESERVES 1. Beginning Fund Balance a. As of July 1 9791 0.00 0.00 0.00 600,000.00 600,000.00 b. Adjustments to Beginning Balance 9793, 9795 0.00 0.00 0.00 c. Adjusted Beginning Balance 0.00 0.00 0.00 600,000.00 600,000.00 2. Ending Fund Balance, June 30 (E + F.1.c.) 600,000.00 0.00 600,000.00 600,000.00 600,000.00 Components of Ending Fund Balance a. Nonspendable Revolving Cash 9711 0.00 0.00 0.00 0.00 Stores 9712 0.00 0.00 0.00 0.00 0.00 Prepaid Expenditures 9713 0.00 0.00 0.00 0.00 0.00 All Others 9719 0.00 0.00 0.00 0.00 0.00 b. Restricted 9740 0.00 0.00 0.00 0.00 c. Committed Stabilization Arrangements 9750 0.00 0.00 0.00 0.00 Other Commitments 9760 0.00 0.00 0.00 0.00 d. Assigned Other Assignments 9780 0.00 0.00 0.00 0.00 e. Unassigned/Unappropriated Reserve for Economic Uncertainties 9789 600,000.00 0.00 600,000.00 600,000.00 600,000.00 Undesignated / Unappropriated Amount 9790 0.00 0.00 0.00 0.00 0.00 C:\Users\user\AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.Outlook\ITV7UF5R\Valiant 2017-18 Charters MYP Budget - cleaned.xls 3 of 3 Revised 5/27/15