July 1 Budget (Single Adoption) Fiscal Year Charter School Certification

West Covina Unified Los Angeles County Charter Number: 142 July 1 Budget (Single Adoption) Fiscal Year 2014-15 Charter School Certification 19 65094 6023527 Form CB 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): 2014-15 CHARTER SCHOOL BUDGET REPORT: This report is hereby filed by the charter school pursuant to Education Code Section 47604.33(a). Signed: Date: Charter School Official (Original signature required) Printed Name: Denise Patton, Ed.D. Title: Executive Director For additional information on the budget report, please contact: Charter School Contact: Karl Yoder Name CFO, DMS Title 916-284-1382 Telephone karl@charteradmin.com E-mail Address California Dept of Education SACS Financial Reporting Software - Version 2014.1.0 File: cbi-cs (Rev 03/26/2009) Page 1 Printed: 6/23/2014 1:30 AM

West Covina Unified Los Angeles County July 1 Budget (Single Adoption) Charter Schools Enterprise Fund Expenses by Object 19 65094 6023527 Form 62 Description Resource Codes Object Codes 2013-14 Estimated Actuals 2014-15 Budget Percent Difference A. REVENUES 1) LCFF Sources 8010-8099 7,159,127.00 7,894,726.00 10.3% 2) Federal Revenue 8100-8299 233,805.00 257,816.00 10.3% 3) Other State Revenue 8300-8599 1,591,809.79 1,071,280.99-32.7% 4) Other Local Revenue 8600-8799 269,586.96 250,000.00-7.3% 5) TOTAL, REVENUES 9,254,328.75 9,473,822.99 2.4% B. EXPENSES 1) Certificated Salaries 1000-1999 4,791,749.49 5,141,008.00 7.3% 2) Classified Salaries 2000-2999 916,056.70 991,791.00 8.3% 3) Employee Benefits 3000-3999 1,325,434.31 1,512,001.06 14.1% 4) Books and Supplies 4000-4999 610,306.43 372,572.12-39.0% 5) Services and Other Operating Expenses 5000-5999 1,575,371.24 1,391,388.00-11.7% 6) Depreciation 6000-6999 27,610.00 54,834.00 98.6% 7) Other Outgo (excluding Transfers of Indirect 7100-7299, Costs) 7400-7499 4,788.00 9,576.00 100.0% 8) Other Outgo - Transfers of Indirect Costs 7300-7399 0.00 0.00 0.0% 9) TOTAL, EXPENSES 9,251,316.17 9,473,170.18 2.4% C. EXCESS (DEFICIENCY) OF REVENUES OVER EXPENSES BEFORE OTHER FINANCING SOURCES AND USES (A5 - B9) 3,012.58 652.81-78.3% D. OTHER FINANCING SOURCES/USES 1) Interfund Transfers a) Transfers In 8900-8929 0.00 0.00 0.0% b) Transfers Out 7600-7629 0.00 0.00 0.0% 2) Other Sources/Uses a) Sources 8930-8979 0.00 0.00 0.0% b) Uses 7630-7699 0.00 0.00 0.0% 3) Contributions 8980-8999 0.00 0.00 0.0% 4) TOTAL, OTHER FINANCING SOURCES/USES 0.00 0.00 0.0% California Dept of Education SACS Financial Reporting Software - 2014.1.0 File: fund-b (Rev 04/09/2014) Page 1 Printed: 6/23/2014 1:30 AM

West Covina Unified Los Angeles County July 1 Budget (Single Adoption) Charter Schools Enterprise Fund Expenses by Object 19 65094 6023527 Form 62 Description Resource Codes Object Codes 2013-14 Estimated Actuals 2014-15 Budget Percent Difference E. NET INCREASE (DECREASE) IN NET POSITION (C + D4) 3,012.58 652.81-78.3% F. NET POSITION 1) Beginning Net Position a) As of July 1 - Unaudited 9791 1,046,569.30 1,049,706.58 0.3% b) Audit Adjustments 9793 124.70 0.00-100.0% c) As of July 1 - Audited (F1a + F1b) 1,046,694.00 1,049,706.58 0.3% d) Other Restatements 9795 0.00 0.00 0.0% e) Adjusted Beginning Net Position (F1c + F1d) 1,046,694.00 1,049,706.58 0.3% 2) Ending Net Position, June 30 (E + F1e) 1,049,706.58 1,050,359.39 0.1% Components of Ending Net Position a) Net Investment in Capital Assets 9796 0.00 0.00 0.0% b) Restricted Net Position 9797 639,328.36 638,020.47-0.2% c) Unrestricted Net Position 9790 410,378.22 412,338.92 0.5% California Dept of Education SACS Financial Reporting Software - 2014.1.0 File: fund-b (Rev 04/09/2014) Page 2 Printed: 6/23/2014 1:30 AM

West Covina Unified Los Angeles County July 1 Budget (Single Adoption) Charter Schools Enterprise Fund Expenses by Object 19 65094 6023527 Form 62 Description Resource Codes Object Codes 2013-14 Estimated Actuals 2014-15 Budget Percent Difference G. ASSETS 1) Cash a) in County Treasury 9110 0.00 1) Fair Value Adjustment to Cash in County Treasury 9111 0.00 b) in Banks 9120 0.00 c) in Revolving Fund 9130 0.00 d) with Fiscal Agent 9135 0.00 e) collections awaiting deposit 9140 0.00 2) Investments 9150 0.00 3) Accounts Receivable 9200 0.00 4) Due from Grantor Government 9290 0.00 5) Due from Other Funds 9310 0.00 6) Stores 9320 0.00 7) Prepaid Expenditures 9330 0.00 8) Other Current Assets 9340 0.00 9) Fixed Assets a) Land 9410 0.00 b) Land Improvements 9420 0.00 c) Accumulated Depreciation - Land Improvements 9425 0.00 d) Buildings 9430 0.00 e) Accumulated Depreciation - Buildings 9435 0.00 f) Equipment 9440 0.00 g) Accumulated Depreciation - Equipment 9445 0.00 h) Work in Progress 9450 0.00 10) TOTAL, ASSETS 0.00 H. DEFERRED OUTFLOWS OF RESOURCES 1) Deferred Outflows of Resources 9490 0.00 2) TOTAL, DEFERRED OUTFLOWS 0.00 California Dept of Education SACS Financial Reporting Software - 2014.1.0 File: fund-b (Rev 04/09/2014) Page 3 Printed: 6/23/2014 1:30 AM

West Covina Unified Los Angeles County July 1 Budget (Single Adoption) Charter Schools Enterprise Fund Expenses by Object 19 65094 6023527 Form 62 Description Resource Codes Object Codes 2013-14 Estimated Actuals 2014-15 Budget Percent Difference I. LIABILITIES 1) Accounts Payable 9500 0.00 2) Due to Grantor Governments 9590 0.00 3) Due to Other Funds 9610 0.00 4) Current Loans 9640 0.00 5) Unearned Revenue 9650 0.00 6) Long-Term Liabilities a) Net OPEB Obligation 9664 0.00 b) Compensated Absences 9665 0.00 c) COPs Payable 9666 0.00 d) Capital Leases Payable 9667 0.00 e) Lease Revenue Bonds Payable 9668 0.00 f) Other General Long-Term Liabilities 9669 0.00 7) TOTAL, LIABILITIES 0.00 J. DEFERRED INFLOWS OF RESOURCES 1) Deferred Inflows of Resources 9690 0.00 2) TOTAL, DEFERRED INFLOWS 0.00 K. NET POSITION Net Position, June 30 (G10 + H2) - (I7 + J2) 0.00 California Dept of Education SACS Financial Reporting Software - 2014.1.0 File: fund-b (Rev 04/09/2014) Page 4 Printed: 6/23/2014 1:30 AM

West Covina Unified Los Angeles County July 1 Budget (Single Adoption) Charter Schools Enterprise Fund Expenses by Object 19 65094 6023527 Form 62 Description Resource Codes Object Codes 2013-14 Estimated Actuals 2014-15 Budget Percent Difference LCFF SOURCES Principal Apportionment State Aid - Current Year 8011 5,228,560.00 5,830,352.00 11.5% Education Protection Account State Aid - Current Year 8012 1,302,267.00 1,436,074.00 10.3% State Aid - Prior Years 8019 0.00 0.00 0.0% LCFF Transfers Unrestricted LCFF Transfers - Current Year 0000 8091 0.00 0.00 0.0% All Other LCFF Transfers - Current Year All Other 8091 0.00 0.00 0.0% Transfers to Charter Schools in Lieu of Property Taxes 8096 628,300.00 628,300.00 0.0% Property Taxes Transfers 8097 0.00 0.00 0.0% LCFF/Revenue Limit Transfers - Prior Years 8099 0.00 0.00 0.0% TOTAL, LCFF SOURCES 7,159,127.00 7,894,726.00 10.3% FEDERAL REVENUE Maintenance and Operations 8110 0.00 0.00 0.0% Special Education Entitlement 8181 140,661.00 164,672.00 17.1% Special Education Discretionary Grants 8182 0.00 0.00 0.0% Child Nutrition Programs 8220 0.00 0.00 0.0% Interagency Contracts Between LEAs 8285 0.00 0.00 0.0% NCLB: Title I, Part A, Basic Grants Low- Income and Neglected 3010 8290 68,144.00 68,144.00 0.0% NCLB: Title I, Part D, Local Delinquent Programs 3025 8290 0.00 0.00 0.0% NCLB: Title II, Part A, Teacher Quality 4035 8290 25,000.00 25,000.00 0.0% NCLB: Title III, Immigrant Education Program 4201 8290 0.00 0.00 0.0% NCLB: Title III, Limited English Proficient (LEP) Student Program 4203 8290 0.00 0.00 0.0% NCLB: Title V, Part B, Public Charter Schools Grant Program (PCSGP) 4610 8290 0.00 0.00 0.0% Other No Child Left Behind 3011-3020, 3026-3205, 4036-4126, 5510 8290 0.00 0.00 0.0% Vocational and Applied Technology Education 3500-3699 8290 0.00 0.00 0.0% Safe and Drug Free Schools 3700-3799 8290 0.00 0.00 0.0% All Other Federal Revenue All Other 8290 0.00 0.00 0.0% TOTAL, FEDERAL REVENUE 233,805.00 257,816.00 10.3% California Dept of Education SACS Financial Reporting Software - 2014.1.0 File: fund-b (Rev 04/09/2014) Page 5 Printed: 6/23/2014 1:30 AM

West Covina Unified Los Angeles County July 1 Budget (Single Adoption) Charter Schools Enterprise Fund Expenses by Object 19 65094 6023527 Form 62 Description Resource Codes Object Codes 2013-14 Estimated Actuals 2014-15 Budget Percent Difference OTHER STATE REVENUE Other State Apportionments Special Education Master Plan Current Year 6500 8311 522,308.27 536,472.00 2.7% Prior Years 6500 8319 0.00 0.00 0.0% All Other State Apportionments - Current Year All Other 8311 0.00 0.00 0.0% All Other State Apportionments - Prior Years All Other 8319 0.00 0.00 0.0% Class Size Reduction, K-3 8434 0.00 0.00 0.0% Child Nutrition Programs 8520 0.00 0.00 0.0% Mandated Costs Reimbursements 8550 16,830.00 16,830.00 0.0% Lottery - Unrestricted and Instructional Materials 8560 181,025.52 184,551.99 1.9% School Based Coordination Program 7250 8590 0.00 0.00 0.0% After School Education and Safety (ASES) 6010 8590 0.00 0.00 0.0% Charter School Facility Grant 6030 8590 0.00 0.00 0.0% Drug/Alcohol/Tobacco Funds 6650, 6690 8590 0.00 0.00 0.0% California Clean Energy Jobs Act 6230 8590 109,205.00 0.00-100.0% Healthy Start 6240 8590 0.00 0.00 0.0% Specialized Secondary 7370 8590 0.00 0.00 0.0% School Community Violence Prevention Grant 7391 8590 0.00 0.00 0.0% Quality Education Investment Act 7400 8590 0.00 0.00 0.0% Common Core State Standards Implementation Funds 7405 8590 242,160.00 0.00-100.0% All Other State Revenue All Other 8590 520,281.00 333,427.00-35.9% TOTAL, OTHER STATE REVENUE 1,591,809.79 1,071,280.99-32.7% California Dept of Education SACS Financial Reporting Software - 2014.1.0 File: fund-b (Rev 04/09/2014) Page 6 Printed: 6/23/2014 1:30 AM

West Covina Unified Los Angeles County July 1 Budget (Single Adoption) Charter Schools Enterprise Fund Expenses by Object 19 65094 6023527 Form 62 Description Resource Codes Object Codes 2013-14 Estimated Actuals 2014-15 Budget Percent Difference OTHER LOCAL REVENUE Sales Sale of Equipment/Supplies 8631 0.00 0.00 0.0% Sale of Publications 8632 0.00 0.00 0.0% Food Service Sales 8634 0.00 0.00 0.0% All Other Sales 8639 0.00 0.00 0.0% Leases and Rentals 8650 0.00 0.00 0.0% Interest 8660 5,000.00 5,000.00 0.0% Net Increase (Decrease) in the Fair Value of Investments 8662 0.00 0.00 0.0% Fees and Contracts Child Development Parent Fees 8673 0.00 0.00 0.0% Transportation Fees From Individuals 8675 0.00 0.00 0.0% Interagency Services 8677 0.00 0.00 0.0% All Other Fees and Contracts 8689 0.00 0.00 0.0% All Other Local Revenue 8699 264,586.96 245,000.00-7.4% Tuition 8710 0.00 0.00 0.0% All Other Transfers In 8781-8783 0.00 0.00 0.0% Transfers of Apportionments Special Education SELPA Transfers From Districts or Charter Schools 6500 8791 0.00 0.00 0.0% From County Offices 6500 8792 0.00 0.00 0.0% From JPAs 6500 8793 0.00 0.00 0.0% Other Transfers of Apportionments From Districts or Charter Schools All Other 8791 0.00 0.00 0.0% From County Offices All Other 8792 0.00 0.00 0.0% From JPAs All Other 8793 0.00 0.00 0.0% All Other Transfers In from All Others 8799 0.00 0.00 0.0% TOTAL, OTHER LOCAL REVENUE 269,586.96 250,000.00-7.3% TOTAL, REVENUES 9,254,328.75 9,473,822.99 2.4% California Dept of Education SACS Financial Reporting Software - 2014.1.0 File: fund-b (Rev 04/09/2014) Page 7 Printed: 6/23/2014 1:30 AM

West Covina Unified Los Angeles County July 1 Budget (Single Adoption) Charter Schools Enterprise Fund Expenses by Object 19 65094 6023527 Form 62 Description Resource Codes Object Codes 2013-14 Estimated Actuals 2014-15 Budget Percent Difference CERTIFICATED SALARIES Certificated Teachers' Salaries 1100 4,050,735.49 4,369,123.00 7.9% Certificated Pupil Support Salaries 1200 197,250.00 209,527.00 6.2% Certificated Supervisors' and Administrators' Salaries 1300 543,764.00 562,358.00 3.4% Other Certificated Salaries 1900 0.00 0.00 0.0% TOTAL, CERTIFICATED SALARIES 4,791,749.49 5,141,008.00 7.3% CLASSIFIED SALARIES Classified Instructional Salaries 2100 276,920.05 312,023.00 12.7% Classified Support Salaries 2200 176,544.10 183,409.00 3.9% Classified Supervisors' and Administrators' Salaries 2300 116,790.00 126,000.00 7.9% Clerical, Technical and Office Salaries 2400 304,917.81 320,803.00 5.2% Other Classified Salaries 2900 40,884.74 49,556.00 21.2% TOTAL, CLASSIFIED SALARIES 916,056.70 991,791.00 8.3% EMPLOYEE BENEFITS STRS 3101-3102 395,061.98 486,020.78 23.0% PERS 3201-3202 83,378.14 93,712.23 12.4% OASDI/Medicare/Alternative 3301-3302 139,752.13 151,966.63 8.7% Health and Welfare Benefits 3401-3402 534,419.12 587,096.04 9.9% Unemployment Insurance 3501-3502 2,853.91 3,066.41 7.4% Workers' Compensation 3601-3602 163,814.03 183,983.97 12.3% OPEB, Allocated 3701-3702 0.00 0.00 0.0% OPEB, Active Employees 3751-3752 0.00 0.00 0.0% Other Employee Benefits 3901-3902 6,155.00 6,155.00 0.0% TOTAL, EMPLOYEE BENEFITS 1,325,434.31 1,512,001.06 14.1% BOOKS AND SUPPLIES Approved Textbooks and Core Curricula Materials 4100 50,000.00 50,000.00 0.0% Books and Other Reference Materials 4200 0.00 0.00 0.0% Materials and Supplies 4300 368,038.99 220,214.68-40.2% Noncapitalized Equipment 4400 188,267.44 98,357.44-47.8% Food 4700 4,000.00 4,000.00 0.0% TOTAL, BOOKS AND SUPPLIES 610,306.43 372,572.12-39.0% California Dept of Education SACS Financial Reporting Software - 2014.1.0 File: fund-b (Rev 04/09/2014) Page 8 Printed: 6/23/2014 1:30 AM

West Covina Unified Los Angeles County July 1 Budget (Single Adoption) Charter Schools Enterprise Fund Expenses by Object 19 65094 6023527 Form 62 Description Resource Codes Object Codes 2013-14 Estimated Actuals 2014-15 Budget Percent Difference SERVICES AND OTHER OPERATING EXPENSES Subagreements for Services 5100 0.00 0.00 0.0% Travel and Conferences 5200 70,250.00 22,000.00-68.7% Dues and Memberships 5300 14,450.00 9,620.00-33.4% Insurance 5400-5450 55,000.00 41,300.00-24.9% Operations and Housekeeping Services 5500 224,562.00 275,000.00 22.5% Rentals, Leases, Repairs, and Noncapitalized Improvements 5600 88,789.79 14,100.00-84.1% Transfers of Direct Costs 5710 0.00 0.00 0.0% Transfers of Direct Costs - Interfund 5750 0.00 0.00 0.0% Professional/Consulting Services and Operating Expenditures 5800 1,120,319.45 1,017,068.00-9.2% Communications 5900 2,000.00 12,300.00 515.0% TOTAL, SERVICES AND OTHER OPERATING EXPENSES 1,575,371.24 1,391,388.00-11.7% DEPRECIATION Depreciation Expense 6900 27,610.00 54,834.00 98.6% TOTAL, DEPRECIATION 27,610.00 54,834.00 98.6% OTHER OUTGO (excluding Transfers of Indirect Costs) Tuition Tuition for Instruction Under Interdistrict Attendance Agreements 7110 0.00 0.00 0.0% Tuition, Excess Costs, and/or Deficit Payments Payments to Districts or Charter Schools 7141 0.00 0.00 0.0% Payments to County Offices 7142 0.00 0.00 0.0% Payments to JPAs 7143 0.00 0.00 0.0% Other Transfers Out All Other Transfers 7281-7283 0.00 0.00 0.0% All Other Transfers Out to All Others 7299 0.00 0.00 0.0% Debt Service Debt Service - Interest 7438 4,788.00 9,576.00 100.0% TOTAL, OTHER OUTGO (excluding Transfers of Indirect Costs) 4,788.00 9,576.00 100.0% California Dept of Education SACS Financial Reporting Software - 2014.1.0 File: fund-b (Rev 04/09/2014) Page 9 Printed: 6/23/2014 1:30 AM

West Covina Unified Los Angeles County July 1 Budget (Single Adoption) Charter Schools Enterprise Fund Expenses by Object 19 65094 6023527 Form 62 Description Resource Codes Object Codes 2013-14 Estimated Actuals 2014-15 Budget Percent Difference OTHER OUTGO - TRANSFERS OF INDIRECT COSTS Transfers of Indirect Costs 7310 0.00 0.00 0.0% Transfers of Indirect Costs - Interfund 7350 0.00 0.00 0.0% TOTAL, OTHER OUTGO - TRANSFERS OF INDIRECT COSTS 0.00 0.00 0.0% TOTAL, EXPENSES 9,251,316.17 9,473,170.18 2.4% California Dept of Education SACS Financial Reporting Software - 2014.1.0 File: fund-b (Rev 04/09/2014) Page 10 Printed: 6/23/2014 1:30 AM

West Covina Unified Los Angeles County July 1 Budget (Single Adoption) Charter Schools Enterprise Fund Expenses by Object 19 65094 6023527 Form 62 Description Resource Codes Object Codes 2013-14 Estimated Actuals 2014-15 Budget Percent Difference INTERFUND TRANSFERS INTERFUND TRANSFERS IN Other Authorized Interfund Transfers In 8919 0.00 0.00 0.0% (a) TOTAL, INTERFUND TRANSFERS IN 0.00 0.00 0.0% INTERFUND TRANSFERS OUT Other Authorized Interfund Transfers Out 7619 0.00 0.00 0.0% (b) TOTAL, INTERFUND TRANSFERS OUT 0.00 0.00 0.0% OTHER SOURCES/USES SOURCES Other Sources Transfers from Funds of Lapsed/Reorganized LEAs 8965 0.00 0.00 0.0% All Other Financing Sources 8979 0.00 0.00 0.0% (c) TOTAL, SOURCES 0.00 0.00 0.0% USES Transfers of Funds from Lapsed/Reorganized LEAs 7651 0.00 0.00 0.0% All Other Financing Uses 7699 0.00 0.00 0.0% (d) TOTAL, USES 0.00 0.00 0.0% CONTRIBUTIONS Contributions from Unrestricted Revenues 8980 0.00 0.00 0.0% Contributions from Restricted Revenues 8990 0.00 0.00 0.0% (e) TOTAL, CONTRIBUTIONS 0.00 0.00 0.0% TOTAL, OTHER FINANCING SOURCES/USES (a - b + c - d + e) 0.00 0.00 0.0% California Dept of Education SACS Financial Reporting Software - 2014.1.0 File: fund-b (Rev 04/09/2014) Page 11 Printed: 6/23/2014 1:30 AM

2014-15 July Budget (For Board Approval) BUDGET SUMMARY Prior Year 2nd Interim Prior Year Estimated Actuals July 1 Final Budget Change from Prior Year Projected P-2 ADA: 1,202 1,199 1,199 - Revenues: General Purpose Entitlement $ 7,174,825 $ 7,159,127 $ 7,894,726 $ 735,599 Federal Revenue 233,805 233,805 257,816 24,011 Other State Revenue 1,574,785 1,591,810 1,071,281 (520,529) Other Local Revenue 269,587 269,587 250,000 (19,587) TTL Revenues: $ 9,253,001 $ 9,254,329 $ 9,473,823 $ 219,494 Expenditures: Certificated Salaries $ 4,791,749 $ 4,791,749 $ 5,141,008 $ 349,259 Non-certificated Salaries 916,057 916,057 991,791 75,734 Benefits 1,261,316 1,325,434 1,512,001 186,567 Books/Supplies/Materials 610,306 610,306 372,572 (237,734) Services/Operations 1,590,126 1,575,371 1,391,388 (183,983) Capital Outlay 12,500 27,610 54,834 27,224 Other Outgo - 4,788 9,576 4,788 TTL Expenditures: $ 9,182,055 $ 9,251,316 $ 9,473,170 $ 221,854 Net Income $ 70,947 $ 3,013 $ 653 $ (2,360) Beginning Balance July 1 $ 1,046,694 $ 1,046,694 $ 1,049,707 Ending Balance June 30 $ 1,117,641 $ 1,049,707 $ 1,050,359 Ending Balance as % of Exp.: 12.17% 11.35% 11.09% $10,000,000 TTL Revenues: TTL Expenditures: Ending Balance June 30 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 Prior Year 2nd Interim Prior Year Estimated Actuals July 1 Final Budget

2014-15 July Budget (For Board Approval) BUDGET DETAIL Description Prior Year Estimated Actuals July 1 Final Budget Change from Prior Year Notes/Comments Enrollment P-2 ADA 1,199.48 1,199.48 - No change anticipated for now REVENUES General Purpose Entitlement 8011 - General Purpose Block Grant 5,228,560 5,830,352 601,792 Increased LCFF funding (see LCFF and Funding Calcs pages) 8012 - Education Protection Account 1,302,267 1,436,074 133,807 Increased LCFF funding (see LCFF and Funding Calcs pages) 8096 - Funding in Lieu of Property Taxes 628,300 628,300 - Same $/ADA assumed TTL General Purpose Entitlement 7,159,127 7,894,726 735,599 Federal Revenue 8181 - Federal IDEA Special Education 140,661 164,672 24,011 8290 - Other Federal Revenues 93,144 93,144 - TTL Federal Revenue 233,805 257,816 24,011 Other State Revenue 8311 - State Special Education Revenue 620,270 601,835 (18,435) 8550 - Mandate Block Grant 16,830 16,830-8560 - State Lottery Revenue 181,026 184,552 3,526 8590 - Add'l State Revenues 773,684 268,064 (505,620) Common Core & Prop 39 = one-time, + red. in WCUSD backfill TTL Other State Revenue 1,591,810 1,071,281 (520,529) Other Local Revenue 8660 - Interest 5,000 5,000-8699 - Local Donations/Contributions/Other 264,587 245,000 (19,587) TTL Other Local Revenue 269,587 250,000 (19,587) TTL REVENUES 9,254,329 9,473,823 219,494

2014-15 July Budget (For Board Approval) BUDGET DETAIL Description Prior Year Estimated Actuals July 1 Final Budget Change from Prior Year Notes/Comments EXPENDITURES 1000 - Certificated Salaries 1100 - Teachers' Salaries 3,853,143 4,153,111 299,968 2.5% COLA and Step Increases 1130 - Certificated Substitutes 20,000 20,000 - Increase in Prof Development and Science/Writing Stipends, Grade Level Lead 1150 - Teacher's Extra Duty 153,078 169,322 16,244 Teachers 1170 - Cert. Health Care In Lieu 24,514 26,690 2,176 1200 - Certificated Support 195,650 205,330 9,680 2.5% COLA 1250 - Support Extra Duty 1,600 4,197 2,597 SLP Extra Duty 1300 - Certificated Supervisory/Admin 543,764 562,358 18,594 2.5% COLA TTL Certificated Salaries 4,791,749 5,141,008 349,259 2000 - Non-Certificated Salaries 2100 - Instructional Aide Salaries 254,189 294,523 40,334 2.5% COLA 2130 - Classified Substitutes 6,500 6,700 200 2150 - Classified Extra Duty 9,963 9,100 (863) 2170 - Class. Health Care In Lieu 6,269 1,700 (4,569) Participation reduction and coding correction 2200 - Classified Support Salaries 169,976 176,709 6,733 2.5% COLA 2230 - Classified Substitutes 6,568 5,000 (1,568) Reduced based on 13-14 activity 2270 - Classified Support Health Care In Lieu - 1,700 1,700 Coding correction from 2170 2300 - Classified Supervisory/Admin 116,790 126,000 9,210 2.5% COLA 2400 - Clerical/Tech/Office Staff 295,187 309,973 14,786 2.5% COLA 2430 - Clerical/Tech/Office Staff Subs 3,900 4,000 100 2450 - Clerical/Office Extra Duty 5,831 3,961 (1,870) 2470 - Clerical/Office Health Care In-Lieu - 2,869 2,869 2900 - Other Classified Salaries 40,885 49,556 8,671 Increased hours 1/2hr day TTL Non-Certificated Salaries 916,057 991,791 75,734

2014-15 July Budget (For Board Approval) BUDGET DETAIL Description Prior Year Estimated Actuals July 1 Final Budget Change from Prior Year Notes/Comments 3000 - Employee Benefits 3101 - STRS Certificated 393,342 486,021 92,679 9.5% employer contribution rate + increased teacher costs 3102 - STRS Classified 1,720 - (1,720) Correction of 13-14 coding 3201 - PERS Certificated 2,256 - (2,256) Correction of 13-14 coding 3202 - PERS Classified 81,122 93,712 12,590 11.771 employer contribution rate 3301 - Soc. Sec/Medicare Certificated 70,967 76,095 5,128 Increased payroll 3302 - Soc. Sec/Medicare Classified 68,786 75,872 7,086 Increased payroll 3401 - Health Insurance Benefits - Cert 426,977 468,987 42,010 Assumes 3% increase in benefit costs, $500 increase in Employer cost share 3402 - Health Insurance Benefits - Class 107,443 118,109 10,667 Assumes 3% increase in benefit costs, $500 increase in Employer cost share 3501 - State Umployment Ins - Cert 2,396 2,571 175 3502 - State Umployment Ins - Class 458 496 38 3601 - Workmen's Comp Certificated 137,523 154,230 16,707 Assume 3% rate increase 3602 - Workmen's Comp Classified 26,291 29,754 3,463 Assume 3% rate increase 3901 - Other Benefits - certificated 5,167 5,167 - Asssumes life insurance costs equal to 13-14. Shift Vision to 3401 3902 - Other Benefits - classified 988 988 - Asssumes life insurance costs equal to 13-14. Shift Vision to 3401 TTL Employee Benefits 1,325,434 1,512,001 186,567 4000 - Books/Supplies/Materials 4100 - Textbooks & Reference Material 50,000 50,000-4310 - Student Instructional Materials 331,167 183,343 (147,824) No Common Core Implementation Funds 4320 - Office Supplies 6,372 6,372-4350 - Other Supplies 30,500 30,500-4400 - Noncapitalized Equipment 188,267 98,357 (89,910) No Common Core/Prop 39 4700 - Food 4,000 4,000 - TTL Books/Supplies/Materials 610,306 372,572 (237,734)

2014-15 July Budget (For Board Approval) BUDGET DETAIL Description Prior Year Estimated Actuals July 1 Final Budget Change from Prior Year Notes/Comments 5000 - Services & Operations 5200 - Travel and Conferences 70,250 22,000 (48,250) No Common Core Implementation Funds 5300 - Dues and Memberships 14,450 9,620 (4,830) 5400 - Liability Insurance 55,000 41,300 (13,700) 5500 - Operation and Housekeeping Services 37,000 - (37,000) 5510 - Utilities (General) 3,000 - (3,000) 5520 - Janitorial 184,562 275,000 90,438 WCUSD M & O Facility charges and repairs 5620 - Equipment Leases 55,335 8,000 (47,335) Capital leases removed from expenses. Annual depreciation expense 5630 - Maintenance & Repair 32,555 6,100 (26,455) 5800 - Professional/Consulting Services 535,533 410,399 (125,134) No Common Core/Prop 39 5810 - Legal 42,273 20,000 (22,273) Reduction in expected legal fees 5820 - Audit/CPA Costs 12,800 13,000 200 Increase in estimated fees 5825 - DMS Business Services 162,000 162,000-5850 - Authorizer Oversight Fee 215,245 273,400 58,155 Oversight fee plus nutrition program costs 5855 - Interest on Short-Term Debt (<1 yr) 92,369 92,369 - Assume same as 13-14 5860 - Bank Fees 6,200 - (6,200) 5870 - Livescan (Fingerprinting) - 900 900 5880 - Instructional Consultants - 45,000 45,000 Summer school program services 5890 - Other Services 54,800 - (54,800) 5910 - Telephone - 7,800 7,800 5920 - Telecom/Internet - 2,500 2,500 5930 - Postage 2,000 2,000 - TTL Services & Operations 1,575,371 1,391,388 (183,983)

2014-15 July Budget (For Board Approval) BUDGET DETAIL Description Prior Year Estimated Actuals July 1 Final Budget Change from Prior Year Notes/Comments 6000 - Capital Outlay 6900 - Depreciation 27,610 54,834 27,224 Updated based on most recent schedule TTL Capital Outlay 27,610 54,834 27,224 7000 - Other Outgo 7438 - Interest on Long-Term Debt (>1yr) 4,788 9,576 4,788 Computer lease interest payments TTL Other Outgo 4,788 9,576 4,788 TTL EXPENDITURES 9,251,316 9,473,170 221,854 Revenues less Expenditures 3,013 653 (2,360) Beginning Fund Balance 1,046,694 1,049,707 Net Revenues 3,013 653 ENDING BALANCE 1,049,707 1,050,359 ENDING BALANCE AS % OF OUTGO 11.35% 11.09%

2014-15 July Budget (For Board Approval) MULTI-YEAR PROJECTION SUMMARY July 1 Final Budget 2015-16 (YEAR 2) 2016-17 (YEAR 3) Projected P-2 ADA: 1,199.48 1,199.48 1,199.48 Revenues: General Purpose Entitlement $ 7,894,726 $ 8,606,003 $ 8,955,641 Federal Revenue 257,816 257,816 257,816 Other State Revenue 1,071,281 1,005,717 928,217 Other Local Revenue 250,000 250,000 250,000 TTL Revenues: $ 9,473,823 $ 10,119,536 $ 10,391,674 Expenditures: Certificated Salaries $ 5,141,008 $ 5,345,581 $ 5,511,294 Non-certificated Salaries 991,791 1,031,327 1,063,298 Benefits 1,512,001 1,660,535 1,825,109 Books/Supplies/Materials 372,572 441,041 392,714 Services/Operations 1,391,388 1,404,848 1,444,877 Capital Outlay 54,834 67,224 67,224 Other Outgo 9,576 14,364 14,364 TTL Expenditures: $ 9,473,170 $ 9,964,919 $ 10,318,880 Net Income $ 653 $ 154,617 $ 72,794 Beginning Balance July 1 $ 1,049,707 $ 1,050,359 $ 1,204,976 Ending Balance June 30 $ 1,050,359 $ 1,204,976 $ 1,277,770 Ending Balance as % of Exp.: 11.1% 12.1% 12.4% $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 July 1 Final Budget 2015 16 (YEAR 2) 2016 17 (YEAR 3)

2014 15 July Budget (For Board Approval) 2014 15 Projected Monthly Cash Flow Statement Description 2014 15 Budget July August September October November December January February March April May June Accruals Total For Year BEGINNING CASH 2,491,988 2,730,003 2,421,330 1,408,625 1,528,802 1,393,823 1,210,167 1,445,401 1,287,060 1,372,888 1,797,602 1,552,085 870,160 2,491,988 CASH INFLOWS REVENUES General Purpose Block Grant 5,830,352 261,428 261,428 470,570 470,570 470,570 470,570 470,570 590,929 590,929 341,500 1,431,287 5,830,352 Education Protection Account 1,436,074 325,567 325,567 392,470 392,470 1,436,074 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 43,981 628,300 Federal Revenues 257,816 42,969 42,969 42,969 42,969 42,969 42,969 257,816 Lottery Revenues 184,552 33,367 33,367 117,818 184,552 Other State Revenues 886,729 11,897 65,397 21,415 27,123 21,415 38,402 71,568 89,873 89,873 51,938 397,827 886,729 Other Local Revenues 250,000 20,833 20,833 20,833 20,833 20,833 20,833 20,833 20,833 20,833 20,833 20,833 20,833 250,000 TTL REVENUES 9,473,823 20,833 331,856 466,024 888,649 611,760 563,083 981,973 613,236 832,567 1,171,454 501,221 64,814 2,426,352 9,473,823 EXPENDITURES All Certificated Salaries 5,141,008 65,000 428,417 428,417 428,417 428,417 428,417 428,417 428,417 428,417 428,417 428,417 428,417 363,417 5,141,008 All Classified Salaries 991,791 41,325 76,292 76,292 76,292 76,292 76,292 76,292 76,292 76,292 76,292 76,292 76,292 111,259 991,791 All Benefits 1,512,001 26,214 124,433 124,433 124,433 124,433 124,433 124,433 124,433 124,433 124,433 124,433 124,433 117,028 1,512,001 All Materials & Supplies 372,572 18,629 18,629 46,572 46,572 24,838 24,838 24,838 49,676 24,838 24,838 24,838 24,838 18,629 372,572 All Services and Operations 1,391,388 92,759 92,759 92,759 92,759 92,759 92,759 92,759 92,759 92,759 92,759 92,759 92,759 278,278 1,391,388 All Capital Outlay 54,834 54,834 54,834 All Other Outgo 9,576 9,576 9,576 TTL EXPENSES 9,473,170 243,926 740,529 768,472 768,472 746,739 746,739 746,739 771,577 746,739 746,739 746,739 746,739 953,020 9,473,170 OTHER CASH INFLOWS/OUTFLOWS Accounts Receivable (net change) 1,327,309 100,000 489,743 1,917,052 Loan Proceeds and other Cash Inflows Net Change in Payables (866,201) (866,201) Fixed Asset Acquisitions (54,834) (54,834) Loan Repayment and Other Outflows (1,200,000) (1,200,000) TTL OTHER INFLOWS/OUTFLOWS 461,108 100,000 (710,257) (54,834) (203,983) ENDING CASH BALANCE 2,730,003 2,421,330 1,408,625 1,528,802 1,393,823 1,210,167 1,445,401 1,287,060 1,372,888 1,797,602 1,552,085 870,160 2,288,658 ENDING CASH BALANCE 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 July August September October November December January February March April May June Accruals

2014 15 July Budget (For Board Approval) 2015 16 Projected Monthly Cash Flow Statement Description 2015 16 Budget July August September October November December January February March April May June Accruals Total For Year BEGINNING CASH 870,160 1,609,909 1,603,371 1,698,299 1,552,979 1,433,387 1,737,267 1,663,812 1,514,817 2,052,369 2,140,745 1,877,717 1,583,622 870,160 CASH INFLOWS REVENUES General Purpose Block Grant 6,412,245 291,518 291,518 524,732 524,732 524,732 524,732 524,732 641,110 641,110 370,500 1,552,831 6,412,245 Education Protection Account 1,565,458 359,019 359,019 423,711 423,711 1,565,458 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 43,981 628,300 Federal Revenues 257,816 32,227 64,454 64,454 36,831 36,831 23,019 257,816 Lottery Revenues 184,552 46,138 46,138 92,276 184,552 Other State Revenues 821,165 37,332 37,332 67,198 67,198 67,198 67,198 67,198 82,102 82,102 47,447 198,859 821,165 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 10,227 250,000 TTL CASH INFLOWS 10,119,536 6,250 372,798 818,219 664,921 664,921 1,088,394 711,059 664,921 1,322,066 872,889 521,486 490,419 1,921,194 10,119,536 EXPENDITURES All Certificated Salaries 5,345,581 67,587 445,465 445,465 445,465 445,465 445,465 445,465 445,465 445,465 445,465 445,465 445,465 377,879 5,345,581 All Classified Salaries 1,031,327 42,972 79,333 79,333 79,333 79,333 79,333 79,333 79,333 79,333 79,333 79,333 79,333 115,694 1,031,327 All Benefits 1,660,535 28,789 136,657 136,657 136,657 136,657 136,657 136,657 136,657 136,657 136,657 136,657 136,657 128,525 1,660,535 All Materials & Supplies 441,041 22,052 22,052 55,130 55,130 29,403 29,403 29,403 58,805 29,403 29,403 29,403 29,403 22,052 441,041 All Services and Operations 1,404,848 93,657 93,657 93,657 93,657 93,657 93,657 93,657 93,657 93,657 93,657 93,657 93,657 280,970 1,404,848 All Capital Outlay 67,224 67,224 67,224 All Other Outgo 14,364 14,364 14,364 TTL CASH OUTFLOWS 9,964,919 255,056 777,163 810,241 810,241 784,514 784,514 784,514 813,916 784,514 784,514 784,514 784,514 1,006,707 9,964,919 Accounts Receivable (net change) 1,941,575 397,827 86,950 2,426,352 Loan Proceeds and other Cash Inflows Net Change in Payables (953,020) (953,020) Fixed Asset Acquisitions Loan Repayment and Other Outflows NET INFLOWS/OUTFLOWS 988,555 397,827 86,950 ENDING CASH BALANCE 1,609,909 1,603,371 1,698,299 1,552,979 1,433,387 1,737,267 1,663,812 1,514,817 2,052,369 2,140,745 1,877,717 1,583,622 2,498,109 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 ENDING CASH BALANCE July August September October November December January February March April May June Accruals

2014-15 July Budget (For Board Approval) LOCAL CONTROL FUNDING FORMULA CALCULATOR (2014-15 - YEAR 1) STEP 1: Calculate Start Point (2012-13 Actual Funding) 2012-13 General Purpose Block Grant 4,239,738 2012-13 Education Protection Account 1,302,402 2012-13 In-Lieu-Of Property Taxes 546,968 2012-13 Categorical Block Grant (Main Portion) 482,972 2012-13 Categorical Block Grant (EIA Portion) 100,724 2012-13 K-3 Class Size Reduction - 2012-13 Supplemental Categorical Grant - 2012-13 Other "Flexed" Categoricals - 2012-13 Actual Funding Total: $ 6,672,804 2012-13 P-2 ADA: divided by 1,173.60 2012-13 Actual Funding Per ADA: $ 5,685.76 Step 2: Calculate LCFF Target Amount: 2014-15 Projected Enrollment: 1,229 2014-15 Total Unduplicated Count of Free/Red Lunch, EL and Foster Students: 589 2014-15 Unduplicated % (13-14 + 14-15 Enrollment / 13-14 + 14-15 UC): 47.93% Local District Unduplicated % (if school U% is over 55%): 70.17% 2014-15 ADA Base Grant K-3 / 9-12 Add-on Supp. Grant Conc. Grant Total Target 2014-15 K-3 ADA: 536.32 7,011 729 742-4,549,066 2014-15 4-6 ADA: 399.38 7,116 682-3,114,365 2014-15 7-8 ADA: 263.78 7,328 702-2,118,153 2014-15 9-12 ADA: - 8,491 221 835 - - Totals: 1,199.48 8,535,107 390,977 855,500-9,781,584 LCFF Target: $ 9,781,584 2014-15 P-2 ADA: divided by 1,199.48 LCFF Target Per ADA: $ 8,154.85 Step 3: Calculate Current Year LCFF Funding: LCFF Target: $ 9,781,584 Starting Amount (2012-13 Actual Funding Per ADA x 2014-15 ADA): (6,819,950) Prior Year Gap per ADA x 2014-15 ADA: (339,177) Total Revised Gap Amount: $ 2,622,457 Percentage of Gap Covered in 2014-15: 28.050% Dollar Amount of 2014-15 Gap Coverage: $ 735,599 Total 2014-15 LCFF Funding (2013-14 Funding + 14-15 Gap Coverage): $ 7,894,726 Total 2014-15 LCFF Funding Per 2014-15 ADA: $ 6,581.79 % Change in $/ADA Funding from 2013-14 to 2014-15: 10.275%

2014-15 July Budget (For Board Approval) LOCAL CONTROL FUNDING FORMULA CALCULATOR (2015-16 - YEAR 2) STEP 1: Calculate Start Point (2012-13 Actual Funding) 2012-13 General Purpose Block Grant 4,239,738 2012-13 General Purpose Block Grant 1,302,402 2012-13 In-Lieu-Of Property Taxes 546,968 2012-13 Categorical Block Grant (Main Portion) 482,972 2012-13 Categorical Block Grant (Main Portion) 100,724 2012-13 K-3 Class Size Reduction - 2012-13 Supplemental Categorical Grant - 2012-13 Other "Flexed" Categoricals - 2012-13 Actual Funding Total: $ 6,672,804 2012-13 P-2 ADA: divided by 1,173.60 2012-13 Actual Funding Per ADA: $ 5,685.76 Step 2: Calculate LCFF Target Amount: 2015-16 Projected Enrollment: 1,229 2015-16 Total Unduplicated Count of Free/Red Lunch, EL and Foster Students: 589 2015-16 Unduplicated % (13-14,14-15 & 15-16 Enrollment / 13-14, 14-15 & 15-16 U 47.93% Local District Unduplicated %: 70.17% 2015-16 ADA Base Grant K-3 / 9-12 Add-on Supp. Grant Conc. Grant Total Target 2015-16 K-3 ADA: 536.32 7,160 745 758-4,646,140 2015-16 4-6 ADA: 399.38 7,267 697-3,180,662 2015-16 7-8 ADA: 263.78 7,483 717-2,162,996 2015-16 9-12 ADA: - 8,671 225 853 - - Totals: 1,199.48 8,716,211 399,558 874,029-9,989,798 LCFF Target: $ 9,989,798 2015-16 P-2 ADA: divided by 1,199.48 LCFF Target Per ADA: $ 8,328.44 Step 3: Calculate Current Year LCFF Funding: LCFF Target: $ 9,989,798 Starting Amount (2012-13 Actual Funding Per ADA x 2015-16 ADA): (6,819,950) Prior Year Gaps per ADA x 2015-16 ADA: (1,074,776) Total Revised Gap Amount: $ 2,095,072 Percentage of Gap Covered in 2015-16: 33.950% Dollar Amount of 2015-16 Gap Coverage: $ 711,277 Total 2015-16 LCFF Funding (2013-14 Funding + 15-16 Gap Coverage): $ 8,606,003 Total 2015-16 LCFF Funding Per 2015-16 ADA: $ 7,174.78 % Change in $/ADA Funding from 2014-15 to 2015-16: 9.010%

2014-15 July Budget (For Board Approval) LOCAL CONTROL FUNDING FORMULA CALCULATOR (2016-17 - YEAR 3) STEP 1: Calculate Start Point (2012-13 Actual Funding) 2012-13 General Purpose Block Grant 4,239,738 2012-13 General Purpose Block Grant 1,302,402 2012-13 In-Lieu-Of Property Taxes 546,968 2012-13 Categorical Block Grant (Main Portion) 482,972 2012-13 Categorical Block Grant (Main Portion) 100,724 2012-13 K-3 Class Size Reduction - 2012-13 Supplemental Categorical Grant - 2012-13 Other "Flexed" Categoricals - 2012-13 Actual Funding Total: $ 6,672,804 2012-13 P-2 ADA: divided by 1,173.60 2012-13 Actual Funding Per ADA: $ 5,685.76 Step 2: Calculate LCFF Target Amount: 2016-17 Projected Enrollment: 1,229 2016-17 Total Unduplicated Count of Free/Red Lunch, EL and Foster Students: 589 2016-17 Unduplicated % (14-15,15-16 & 16-17 Enrollment / 14-15, 15-16 & 16-17 U 47.93% Local District Unduplicated %: 70.17% 2016-17 ADA Base Grant K-3 / 9-12 Add-on Supp. Grant Conc. Grant Total Target 2016-17 K-3 ADA: 536.32 7,325 762 775-4,752,868 2016-17 4-6 ADA: 399.38 7,434 713-3,253,749 2016-17 7-8 ADA: 263.78 7,655 734-2,212,850 2016-17 9-12 ADA: - 8,870 231 872 - - Totals: 1,199.48 8,916,771 408,676 894,020-10,219,467 LCFF Target: $ 10,219,467 2016-17 P-2 ADA: divided by 1,199.48 LCFF Target Per ADA: $ 8,519.91 Step 3: Calculate Current Year LCFF Funding: LCFF Target: $ 10,219,467 Starting Amount (2012-13 Actual Funding Per ADA x 2016-17 ADA): (6,819,950) Prior Year Gaps per ADA x 2016-17 ADA: (1,786,053) Total Revised Gap Amount: $ 1,613,464 Percentage of Gap Covered in 2016-17: 21.670% Dollar Amount of 2016-17 Gap Coverage: $ 349,638 Total 2016-17 LCFF Funding (2013-14 Funding + 15-16 Gap Coverage): $ 8,955,641 Total 2016-17 LCFF Funding Per 2016-17 ADA: $ 7,466.27 % Change in $/ADA Funding from 2014-15 to 2016-17: 4.063%

2014-15 July Budget (For Board Approval) FUNDING CALCULATIONS 2014-15 (Year 1) Net State Funding COLA over prior year = 0.85% GENERAL PURPOSE ENTITLEMENT $/ADA ADA Subtotal Total LCFF Funding (see LCFF page): $ 6,581.79 1,199.48 $ 7,894,726 TOTALS State Aid Portion: $ 4,860.73 1,199.48 5,830,352.00 Education Protection Account Portion: $ 1,197.25 1,199.48 1,436,074.00 Local In-Lieu-Of Property Tax Portion: $ 523.81 1,199.48 $ 628,300.00 TOTAL GENERAL PURPOSE ENTITLEMENT $ 7,894,726.00 FEDERAL REVENUES Title I Funding $ 68,144 Title II Part A 25,000 Title III LEP - Total Federal ESEA Funding: 93,144.00 Other Federal Revenues Federal IDEA Special Education 164,672.00 MAA Funding - REAP Funding - Other Federal Revenue - Total Other Federal Revenues: 164,672.00 TOTAL FEDERAL REVENUES $ 257,816.00 OTHER STATE REVENUES Non-Prop 20 Lottery (using P-2 ADA) $ 126.00 1,175 148,111.79 Prop 20 Lottery (using P-2 ADA): 31.00 1,175 36,440.20 Additional Other State Revenues State Lunch Program Revenues - Mandate Block Grant 16,830.00 Facility Grant Program (lesser of 75% or $750/ADA) - State Special Education (AB602) 536,472.00 SPED Mental Health (Tier 1) 65,363.00 SPED Mental Health (Tier 2) - Prior Year Corrections/Adjustments - Updated WCUSD Backfill (Year 2 of LCFF) 268,064.00 Other State Revenues - 184,551.99 Total Additional Other State Revenues: 886,729.00 TOTAL OTHER STATE REVENUES $ 1,071,280.99 OTHER LOCAL REVENUES Interest Earnings $ 5,000.00 Local Donations/Contributions - Local Lunch Revenues - Extended Day Program 245,000.00 Other Local Revenues - TOTAL OTHER LOCAL REVENUES $ 250,000.00 TOTAL REVENUES $ 9,473,822.99

2014-15 July Budget (For Board Approval) FUNDING CALCULATIONS 2015-16 (Year 2) Net State Funding COLA over prior year = 2.12% GENERAL PURPOSE ENTITLEMENT $/ADA ADA Subtotal Total LCFF Funding (see LCFF page): $ 7,174.78 1,199.48 $ 8,606,003 TOTALS State Aid Portion: $ 5,869.66 1,199.48 6,412,245.00 Education Protection Account Portion: $ 1,305.11 1,199.48 1,565,458.00 Local In-Lieu-Of Property Tax Portion: $ 523.81 1,199.48 $ 628,300.00 TOTAL GENERAL PURPOSE ENTITLEMENT $ 8,606,003.00 FEDERAL REVENUES Title I Funding $ 68,144 Title II Part A 25,000 Title III LEP - Total Federal ESEA Funding: 93,144.00 Other Federal Revenues Federal IDEA Special Education 164,672.00 MAA Funding - REAP Funding - Other Federal Revenue - Total Other Federal Revenues: 164,672.00 TOTAL FEDERAL REVENUES $ 257,816.00 OTHER STATE REVENUES Non-Prop 20 Lottery (using P-2 ADA) $ 126.00 1,175 148,111.79 Prop 20 Lottery (using P-2 ADA): 31.00 1,175 36,440.20 Additional Other State Revenues State Lunch Program Revenues - Mandate Block Grant 16,830.00 Facility Grant Program (lesser of 75% or $750/ADA) - State Special Education (AB602) 536,472.00 SPED Mental Health (Tier 1) 65,363.00 SPED Mental Health (Tier 2) - Prior Year Corrections/Adjustments - Updated WCUSD Backfill (Year 3 of LCFF) 202,500.00 Other State Revenues - 184,551.99 Total Additional Other State Revenues: 821,165.00 TOTAL OTHER STATE REVENUES $ 1,005,716.99 OTHER LOCAL REVENUES Interest Earnings $ 5,000.00 Local Donations/Contributions - Local Lunch Revenues - Extended Day Program 245,000.00 Other Local Revenues - TOTAL OTHER LOCAL REVENUES $ 250,000.00 TOTAL REVENUES $ 10,119,535.99

2014-15 July Budget (For Board Approval) FUNDING CALCULATIONS 2016-17 (Year 3) Net State Funding COLA over prior year = 2.30% GENERAL PURPOSE ENTITLEMENT $/ADA ADA Subtotal Total LCFF Funding (see LCFF page): $ 7,466.27 1,199.48 $ 8,955,641 TOTALS State Aid Portion: $ 6,108.13 1,199.48 6,698,283.00 Education Protection Account Portion: $ 1,358.14 1,199.48 1,629,058.00 Local In-Lieu-Of Property Tax Portion: $ 523.81 1,199.48 $ 628,300.00 TOTAL GENERAL PURPOSE ENTITLEMENT $ 8,955,641.00 FEDERAL REVENUES Title I Funding $ 68,144 Title II Part A 25,000 Title III LEP - Total Federal ESEA Funding: 93,144.00 Other Federal Revenues Federal IDEA Special Education 164,672.00 MAA Funding - REAP Funding - Other Federal Revenue - Total Other Federal Revenues: 164,672.00 TOTAL FEDERAL REVENUES $ 257,816.00 OTHER STATE REVENUES Non-Prop 20 Lottery (using P-2 ADA) $ 126.00 1,175 148,111.79 Prop 20 Lottery (using P-2 ADA): 31.00 1,175 36,440.20 Additional Other State Revenues State Lunch Program Revenues - Mandate Block Grant 16,830.00 Facility Grant Program (lesser of 75% or $750/ADA) - State Special Education (AB602) 536,472.00 SPED Mental Health (Tier 1) 65,363.00 SPED Mental Health (Tier 2) - Prior Year Corrections/Adjustments - Updated WCUSD Backfill (Year 4 of LCFF) 125,000.00 Other State Revenues - 184,551.99 Total Additional Other State Revenues: 743,665.00 TOTAL OTHER STATE REVENUES $ 928,216.99 OTHER LOCAL REVENUES Interest Earnings $ 5,000.00 Local Donations/Contributions - Local Lunch Revenues - Extended Day Program 245,000.00 Other Local Revenues - TOTAL OTHER LOCAL REVENUES $ 250,000.00 TOTAL REVENUES $ 10,391,673.99

2014-15 July Budget (For Board Approval) LCAP PROPORTIONALITY CALCULATION (14-15 through 16-17) STEP 1: Determine Target Supplemental and Concentration Grant funding: 2014-15 2015-16 2016-17 LCFF Target Supplemental Grant: 855,500 874,029 894,020 LCFF Target Concentration Grant - - - Total Target Supplemental & Concentration Grant Funding: $ 855,500 $ 874,029 $ 894,020 Step 2: Determine Prior Year Expenditures to Support Unduplicated Pupils: Prior Year Unduplicated Pupil Expense: 100,724 312,439 503,099 Total 2013-14 Expenditures to Support Unduplicated Pupils: $ 100,724 $ 312,439 $ 503,099 Step 3: Calculate the Gap between PY Expenses and Target Supp.+Conc. Grants: Total Target Supplemental & Concentration Grant Funding: 855,500 874,029 894,020 Total Prior Year Expenditures to Support Unduplicated Pupils: (100,724) (312,439) (503,099) Total Gap between PY Expenses and Target Supp.+Conc. Grants: $ 754,776 $ 561,590 $ 390,922 Step 4. Calculate the increase in estimated supplemental and concentration grant funding: Total Gap between PY Expenses and Target Supp.+Conc. Grants: 754,776 561,590 390,922 Percentage of LCFF gap funded in current year: 28.05% 33.95% 21.67% Required Increase Needed in Supp/Conc. Expenses: $ 211,715 $ 190,660 $ 84,713 Step 5. Calculate total estimated supplemental and concentration grant funding: Total Prior Year Expenditures to Support Unduplicated Pupils: 100,724 312,439 503,099 Required Increase Needed: 211,715 190,660 84,713 Total Supp/Conc. Spending Needed in Current Year: $ 312,439 $ 503,099 $ 587,811 Step 6 & 7: Calculate Minimum Proportionality Percentage: Total Current Year supplemental and concentration grant funding: 312,439 503,099 587,811 Total Current Year LCFF Funding 7,894,726 8,606,003 8,955,641 Total Minimum Proportionality Percentage: 3.96% 5.85% 6.56%

Education Protection Account Spending Summary 2013-14 Fiscal Year: Estimated Education Protection Account (EPA) Revenues: 1,302,267.00 EPA Expenditures on Teacher Salaries & Benefits: 1,302,267.00 Unspent 2013-14 EPA Revenues: - 2014-15 Fiscal Year: Estimated Education Protection Account (EPA) Revenues: 1,436,074.00 EPA Expenditures on Teacher Salaries & Benefits: 1,436,074.00 Unspent 2014-15 EPA Revenues: - 2015-16 Fiscal Year: Estimated Education Protection Account (EPA) Revenues: 1,565,458.00 EPA Expenditures on Teacher Salaries & Benefits: 1,565,458.00 Unspent 2015-16 EPA Revenues: - EPA Requirements Met in Each Year? YES