First Interim Fiscal Year Charter School Certification

West Covina Unified Los Angeles County First Interim Fiscal Year 2014-15 Charter School Certification 19 65094 6023527 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): 2014-15 CHARTER SCHOOL INTERIM 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: Title: For additional information on the interim report, please contact: Charter School Contact: Name Title Telephone E-mail Address California Dept of Education SACS Financial Reporting Software - Version 2014.2.0 File: cbi-cs (Rev 03/26/2009) Page 1 Printed: 12/3/2014 10:20 AM

West Covina Unified Los Angeles County 2014-15 First Interim Charter Schools Enterprise Fund Revenues, Expenses and Changes in Net Position 19 65094 6023527 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 8011 5,830,352.00 5,830,352.00 1,656,994.00 5,866,034.00 35,682.00 0.6% Education Protection Account State Aid - Current Year 8012 1,436,074.00 1,436,074.00 341,630.00 1,444,008.00 7,934.00 0.6% State Aid - Prior Years 8019 0.00 0.00 0.00 0.00 0.00 0.0% LCFF Transfers Unrestricted LCFF Transfers - Current Year 0000 8091 0.00 0.00 0.00 0.00 0.00 0.0% All Other LCFF Transfers - Current Year All Other 8091 0.00 0.00 0.00 0.00 0.00 0.0% Transfers to Charter Schools in Lieu of Property Taxes 8096 628,300.00 628,300.00 0.00 628,300.00 0.00 0.0% Property Taxes Transfers 8097 0.00 0.00 0.00 0.00 0.00 0.0% LCFF/Revenue Limit Transfers - Prior Years 8099 0.00 0.00 0.00 0.00 0.00 0.0% TOTAL, LCFF SOURCES 7,894,726.00 7,894,726.00 1,998,624.00 7,938,342.00 43,616.00 0.6% FEDERAL REVENUE Maintenance and Operations 8110 0.00 0.00 0.00 0.00 0.00 0.0% Special Education Entitlement 8181 164,672.00 164,672.00 58,049.00 140,661.00 (24,011.00) -14.6% Special Education Discretionary Grants 8182 0.00 0.00 0.00 0.00 0.00 0.0% Child Nutrition Programs 8220 0.00 0.00 0.00 0.00 0.00 0.0% Interagency Contracts Between LEAs 8285 0.00 0.00 0.00 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 46,677.00 186,708.00 118,564.00 174.0% NCLB: Title I, Part D, Local Delinquent Program 3025 8290 0.00 0.00 0.00 0.00 0.00 0.0% NCLB: Title II, Part A, Teacher Quality 4035 8290 25,000.00 25,000.00 0.00 13,084.00 (11,916.00) -47.7% NCLB: Title III, Immigrant Education Program 4201 8290 0.00 0.00 0.00 0.00 0.00 0.0% NCLB: Title III, Limited English Proficient (LEP) Student Program 4203 8290 0.00 0.00 0.00 0.00 0.00 0.0% NCLB: Title V, Part B, Public Charter Schools Grant Program (PCSGP) 4610 8290 0.00 0.00 0.00 0.00 0.00 0.0% Other No Child Left Behind 3011-3020, 3026-3205, 4036-4126, 5510 8290 0.00 0.00 0.00 0.00 0.00 0.0% Vocational and Applied Technology Education 3500-3699 8290 0.00 0.00 0.00 0.00 0.00 0.0% Safe and Drug Free Schools 3700-3799 8290 0.00 0.00 0.00 0.00 0.00 0.0% All Other Federal Revenue All Other 8290 0.00 0.00 0.00 0.00 0.00 0.0% TOTAL, FEDERAL REVENUE 257,816.00 257,816.00 104,726.00 340,453.00 82,637.00 32.1% OTHER STATE REVENUE Other State Apportionments Special Education Master Plan Current Year 6500 8311 536,472.00 536,472.00 226,575.00 565,603.32 29,131.32 5.4% Prior Years 6500 8319 0.00 0.00 0.00 0.00 0.00 0.0% All Other State Apportionments - Current Year All Other 8311 0.00 0.00 0.00 0.00 0.00 0.0% All Other State Apportionments - Prior Years All Other 8319 0.00 0.00 0.00 0.00 0.00 0.0% Child Nutrition Programs 8520 0.00 0.00 0.00 0.00 0.00 0.0% Mandated Costs Reimbursements 8550 16,830.00 16,830.00 0.00 97,114.00 80,284.00 477.0% Lottery - Unrestricted and Instructional Materials 8560 184,551.99 184,551.99 46,644.30 190,429.44 5,877.45 3.2% School Based Coordination Program 7250 8590 0.00 0.00 0.00 0.00 0.00 0.0% After School Education and Safety (ASES) 6010 8590 0.00 0.00 0.00 0.00 0.00 0.0% California Dept of Education SACS Financial Reporting Software - 2014.2.0 File: fundi-b (Rev 06/10/2014) Page 3 Printed: 12/12/2014 1:52 AM

West Covina Unified Los Angeles County 2014-15 First Interim Charter Schools Enterprise Fund Revenues, Expenses and Changes in Net Position 19 65094 6023527 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 6030 8590 0.00 0.00 0.00 0.00 0.00 0.0% Drug/Alcohol/Tobacco Funds 6650, 6690 8590 0.00 0.00 0.00 0.00 0.00 0.0% California Clean Energy Jobs Act 6230 8590 0.00 0.00 0.00 0.00 0.00 0.0% Healthy Start 6240 8590 0.00 0.00 0.00 0.00 0.00 0.0% Specialized Secondary 7370 8590 0.00 0.00 0.00 0.00 0.00 0.0% School Community Violence Prevention Grant 7391 8590 0.00 0.00 0.00 0.00 0.00 0.0% Quality Education Investment Act 7400 8590 0.00 0.00 0.00 0.00 0.00 0.0% Common Core State Standards Implementation 7405 8590 0.00 0.00 0.00 0.00 0.00 0.0% All Other State Revenue All Other 8590 333,427.00 333,427.00 301.35 349,579.00 16,152.00 4.8% TOTAL, OTHER STATE REVENUE 1,071,280.99 1,071,280.99 273,520.65 1,202,725.76 131,444.77 12.3% OTHER LOCAL REVENUE Sales Sale of Equipment/Supplies 8631 0.00 0.00 0.00 0.00 0.00 0.0% Sale of Publications 8632 0.00 0.00 0.00 0.00 0.00 0.0% Food Service Sales 8634 0.00 0.00 0.00 0.00 0.00 0.0% All Other Sales 8639 0.00 0.00 0.00 0.00 0.00 0.0% Leases and Rentals 8650 0.00 0.00 0.00 0.00 0.00 0.0% Interest 8660 5,000.00 5,000.00 4,214.35 5,000.00 0.00 0.0% Net Increase (Decrease) in the Fair Value of Investments 8662 0.00 0.00 0.00 0.00 0.00 0.0% Fees and Contracts Child Development Parent Fees 8673 0.00 0.00 0.00 0.00 0.00 0.0% Transportation Fees From Individuals 8675 0.00 0.00 0.00 0.00 0.00 0.0% Interagency Services 8677 0.00 0.00 0.00 0.00 0.00 0.0% All Other Fees and Contracts 8689 0.00 0.00 0.00 0.00 0.00 0.0% Other Local Revenue All Other Local Revenue 8699 245,000.00 245,000.00 61,182.44 245,000.00 0.00 0.0% Tuition 8710 0.00 0.00 0.00 0.00 0.00 0.0% All Other Transfers In 8781-8783 0.00 0.00 0.00 0.00 0.00 0.0% Transfers of Apportionments Special Education SELPA Transfers From Districts or Charter Schools 6500 8791 0.00 0.00 0.00 0.00 0.00 0.0% From County Offices 6500 8792 0.00 0.00 0.00 0.00 0.00 0.0% From JPAs 6500 8793 0.00 0.00 0.00 0.00 0.00 0.0% Other Transfers of Apportionments From Districts or Charter Schools All Other 8791 0.00 0.00 0.00 0.00 0.00 0.0% From County Offices All Other 8792 0.00 0.00 0.00 0.00 0.00 0.0% From JPAs All Other 8793 0.00 0.00 0.00 0.00 0.00 0.0% All Other Transfers In from All Others 8799 0.00 0.00 0.00 0.00 0.00 0.0% TOTAL, OTHER LOCAL REVENUE 250,000.00 250,000.00 65,396.79 250,000.00 0.00 0.0% TOTAL, REVENUES 9,473,822.99 9,473,822.99 2,442,267.44 9,731,520.76 California Dept of Education SACS Financial Reporting Software - 2014.2.0 File: fundi-b (Rev 06/10/2014) Page 4 Printed: 12/12/2014 1:52 AM

West Covina Unified Los Angeles County 2014-15 First Interim Charter Schools Enterprise Fund Revenues, Expenses and Changes in Net Position 19 65094 6023527 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 1100 4,369,123.00 4,369,123.00 1,059,926.80 4,378,887.00 (9,764.00) -0.2% Certificated Pupil Support Salaries 1200 209,527.00 209,527.00 62,958.09 209,281.00 246.00 0.1% Certificated Supervisors' and Administrators' Salaries 1300 562,358.00 562,358.00 188,120.26 584,758.00 (22,400.00) -4.0% Other Certificated Salaries 1900 0.00 0.00 0.00 0.00 0.00 0.0% TOTAL, CERTIFICATED SALARIES 5,141,008.00 5,141,008.00 1,311,005.15 5,172,926.00 (31,918.00) -0.6% CLASSIFIED SALARIES Classified Instructional Salaries 2100 312,023.00 312,023.00 77,496.60 330,450.00 (18,427.00) -5.9% Classified Support Salaries 2200 183,409.00 183,409.00 60,361.54 225,249.00 (41,840.00) -22.8% Classified Supervisors' and Administrators' Salaries 2300 126,000.00 126,000.00 42,320.96 131,228.00 (5,228.00) -4.1% Clerical, Technical and Office Salaries 2400 320,803.00 320,803.00 83,983.52 359,768.00 (38,965.00) -12.1% Other Classified Salaries 2900 49,556.00 49,556.00 11,442.96 60,896.00 (11,340.00) -22.9% TOTAL, CLASSIFIED SALARIES 991,791.00 991,791.00 275,605.58 1,107,591.00 (115,800.00) -11.7% EMPLOYEE BENEFITS STRS 3101-3102 486,020.78 486,020.78 123,847.53 456,475.43 29,545.35 6.1% PERS 3201-3202 93,712.23 93,712.23 26,108.75 100,314.69 (6,602.46) -7.0% OASDI/Medicare/Alternative 3301-3302 151,966.63 151,966.63 38,833.73 161,749.24 (9,782.61) -6.4% Health and Welfare Benefits 3401-3402 587,096.04 587,096.04 114,150.87 567,385.10 19,710.94 3.4% Unemployment Insurance 3501-3502 3,066.41 3,066.41 1,315.37 3,135.76 (69.35) -2.3% Workers' Compensation 3601-3602 183,983.97 183,983.97 38,139.94 115,960.35 68,023.62 37.0% OPEB, Allocated 3701-3702 0.00 0.00 0.00 0.00 0.00 0.0% OPEB, Active Employees 3751-3752 0.00 0.00 0.00 0.00 0.00 0.0% Other Employee Benefits 3901-3902 6,155.00 6,155.00 818.84 6,155.00 0.00 0.0% TOTAL, EMPLOYEE BENEFITS 1,512,001.06 1,512,001.06 343,215.03 1,411,175.57 100,825.49 6.7% BOOKS AND SUPPLIES Approved Textbooks and Core Curricula Materials 4100 50,000.00 50,000.00 0.00 50,000.00 0.00 0.0% Books and Other Reference Materials 4200 0.00 0.00 0.00 0.00 0.00 0.0% Materials and Supplies 4300 220,214.68 220,214.68 115,730.80 220,214.68 0.00 0.0% Noncapitalized Equipment 4400 98,357.44 98,357.44 218,093.26 240,858.00 (142,500.56) -144.9% Food 4700 4,000.00 4,000.00 843.73 4,000.00 0.00 0.0% TOTAL, BOOKS AND SUPPLIES 372,572.12 372,572.12 334,667.79 515,072.68 (142,500.56) -38.2% SERVICES AND OTHER OPERATING EXPENSES Subagreements for Services 5100 0.00 0.00 395.00 0.00 0.00 0.0% Travel and Conferences 5200 22,000.00 22,000.00 10,826.19 22,000.00 0.00 0.0% Dues and Memberships 5300 9,620.00 9,620.00 615.00 9,620.00 0.00 0.0% Insurance 5400-5450 41,300.00 41,300.00 26,870.02 40,918.00 382.00 0.9% Operations and Housekeeping Services 5500 275,000.00 275,000.00 1,416.29 275,000.00 0.00 0.0% Rentals, Leases, Repairs, and Noncapitalized Improvements 5600 14,100.00 14,100.00 10,132.81 14,100.00 0.00 0.0% Transfers of Direct Costs 5710 0.00 0.00 0.00 0.00 0.00 0.0% Transfers of Direct Costs - Interfund 5750 0.00 0.00 0.00 0.00 0.00 0.0% Professional/Consulting Services and Operating Expenditures 5800 1,017,068.00 1,017,068.00 131,482.17 1,072,137.83 (55,069.83) -5.4% Communications 5900 12,300.00 12,300.00 10,823.09 12,300.00 0.00 0.0% TOTAL, SERVICES AND OTHER OPERATING EXPENSES 1,391,388.00 1,391,388.00 192,560.57 1,446,075.83 (54,687.83) -3.9% California Dept of Education SACS Financial Reporting Software - 2014.2.0 File: fundi-b (Rev 06/10/2014) Page 5 Printed: 12/12/2014 1:52 AM

2014 15 First Interim Budget

2014 15 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 2014 15 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.

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 257,816 104,726 340,453 82,637 Other State Revenue 1,071,281 273,521 1,202,726 131,445 Other Local Revenue 250,000 65,397 250,000 - 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 991,791 275,606 1,107,591 115,800 Benefits 1,512,001 343,215 1,411,176 (100,825) Books/Supplies/Materials 372,572 334,668 515,073 142,501 Services/Operations 1,391,388 192,561 1,446,076 54,688 Capital Outlay 54,834 901 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

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 1,199.48 1,199.48 - ADA assumed stable - will update after P-1 REVENUES General Purpose Entitlement 8011 - General Purpose Block Grant 5,830,352 1,656,994 5,866,034 35,682 28% Higher per-student LCFF funding 8012 - Education Protection Account 1,436,074 341,630 1,444,008 7,934 24% Higher per-student LCFF funding 8096 - Funding in Lieu of Property Taxes 628,300-628,300-0% TTL General Purpose Entitlement 7,894,726 1,998,624 7,938,342 43,616 25% Federal Revenue 8181 - Federal IDEA Special Education 164,672 58,049 140,661 (24,011) 41% Decreased federal special education funding 8290 - Other Federal Revenues 93,144 46,677 199,792 106,648 23% Title I increased TTL Federal Revenue 257,816 104,726 340,453 82,637 31% Other State Revenue 8311 - State Special Education Revenue 601,835 226,575 632,444 30,609 36% Increased state special education funding 8550 - Mandate Block Grant 16,830-97,114 80,284 0% Additional one-time mandate grant introduced since July 8560 - State Lottery Revenue 184,552 46,644 190,429 5,877 24% 8590 - Add'l State Revenues 268,064 301 282,738 14,674 0% TTL Other State Revenue 1,071,281 273,521 1,202,726 131,445 23% Other Local Revenue 8660 - Interest 5,000 4,214 5,000-84% Assuming stable 8699 - Local Donations/Contributions/Other 245,000 61,182 245,000-25% Assuming stable TTL Other Local Revenue 250,000 65,397 250,000-26% TTL REVENUES 9,473,823 2,442,267 9,731,521 257,698 25%

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 1000 - Certificated Salaries Jan 1100 - Teachers' Salaries 4,153,111 1,032,048 4,153,160 49 25% 1130 - Certificated Substitutes 20,000-23,625 3,625 0% 1150 - Teacher's Extra Duty 169,322 23,254 176,602 7,280 13% 1170 - Cert. Health Care In Lieu 26,690 4,625 25,500 (1,190) 18% Adjusted based on actual participation 1200 - Certificated Support 205,330 59,535 204,306 (1,024) 29% Adjusted based on actual participation 1250 - Support Extra Duty 4,197 3,423 4,975 778 69% 1300 - Certificated Supervisory/Admin 562,358 187,780 583,058 20,700 32% Board approved modifications 1370 - Cert. Supervisor Health Care In Lieu - 340 1,700 1,700 20% TTL Certificated Salaries 5,141,008 1,311,005 5,172,926 31,918 25% 2000 - Non-Certificated Salaries - All staff receiving 3% Increase through December and 4% beginning in Jan 2100 - Instructional Aide Salaries 294,523 70,865 304,372 9,849 23% 2130 - Classified Substitutes 6,700 2,044 9,535 2,835 21% 2150 - Classified Extra Duty 9,100 4,247 14,843 5,743 29% 2170 - Class. Health Care In Lieu 1,700 340 1,700-20% 2200 - Classified Support Salaries 176,709 58,829 219,560 42,851 27% Increased Custodial Staffing (1 FTE) 2230 - Classified Substitutes 5,000 151 2,588 (2,412) 6% 2250 - Classified Support Extra Duty - 1,042 1,401 1,401 74% 2270 - Classified Support Health Care In Lieu 1,700 340 1,700-20% 2300 - Classified Supervisory/Admin 126,000 42,321 131,228 5,228 32% 2400 - Clerical/Tech/Office Staff 309,973 81,597 346,003 36,030 24% Increased clerical staffing (.62 FTE) and extra duty hours 2430 - Clerical/Tech/Office Staff Subs 4,000 988 4,140 140 24% 2450 - Clerical/Office Extra Duty 3,961 421 4,737 776 9% 2470 - Clerical/Office Health Care In-Lieu 2,869 978 4,888 2,019 20% 2900 - Other Classified Salaries 49,556 11,443 60,896 11,340 19% Psych Intern (Mental Health Support) $9,000 TTL Non-Certificated Salaries 991,791 275,606 1,107,591 115,800 25%

BUDGET DETAIL Description July 1 Final Budget Jul-Oct Actuals First Interim Budget Change from July YTD % of Budget Budget Notes/Comments 3000 - Employee Benefits 3101 - STRS Certificated 485,033 123,848 453,728 (31,305) 27% Rate reduced from 9.5% to 8.88% based on actual participation 3102 - STRS Classified - - 2,747 2,747 0% 3201 - PERS Certificated - - 4,640 4,640 0% 3202 - PERS Classified 93,712 26,109 95,675 1,963 27% 3301 - Soc. Sec/Medicare Certificated 75,943 18,507 80,990 5,047 23% 3302 - Soc. Sec/Medicare Classified 75,872 20,327 80,759 4,887 25% 3401 - Health Insurance Benefits - Cert 469,300 93,348 463,271 (6,029) 20% Updated based on actual participation 3402 - Health Insurance Benefits - Class 118,109 20,802 104,114 (13,996) 20% Updated based on actual participation 3501 - State Umployment Ins - Cert 3,710 1,184 2,600 (1,110) 46% 3502 - State Umployment Ins - Class 496 132 536 40 25% 3601 - Workmen's Comp Certificated 153,917 31,740 96,144 (57,773) 33% Reduced worker's comp rate from 3% to 1.85% 3602 - Workmen's Comp Classified 29,754 6,400 19,817 (9,937) 32% Reduced worker's comp rate from 3% to 1.85% 3901 - Other Benefits - certificated 5,167 692 5,167-13% 3902 - Other Benefits - classified 988 127 988-13% TTL Employee Benefits 1,512,001 343,215 1,411,176 (100,825) 24% 4000 - Books/Supplies/Materials 4100 - Textbooks & Reference Material 50,000-50,000-0% 4310 - Student Instructional Materials 183,343 107,432 183,343-59% 4320 - Office Supplies 6,372 549 6,372-9% 4330 - Student Incentives / Events - 679 - - 4350 - Other Supplies 30,500 7,071 30,500-23% 4400 - Noncapitalized Equipment 98,357 218,093 240,858 142,501 91% LCAP ($50K) and general fund technology ($92K) purchases 4700 - Food 4,000 844 4,000-21% TTL Books/Supplies/Materials 372,572 334,668 515,073 142,501 65%

BUDGET DETAIL Description July 1 Final Budget Jul-Oct Actuals First Interim Budget Change from July YTD % of Budget Budget Notes/Comments 5000 - Services & Operations 5100 - Subcontracts for Services - 395 - - 5200 - Travel and Conferences 22,000 10,826 22,000-49% 5300 - Dues and Memberships 9,620 615 9,620-6% 5400 - Liability Insurance 41,300 26,870 40,918 (382) 66% 5510 - Utilities (General) - 1,416 - - 5520 - Janitorial 275,000-275,000-0% 5610 - Facility Rental - 798 - - 5620 - Equipment Leases 8,000 4,199 8,000-52% 5630 - Maintenance & Repair 6,100 5,136 6,100-84% 5800 - Professional/Consulting Services 410,399 61,262 541,567 131,168 11% Special services ($69K), unallocated Title I ($22K) related service fees, Prop 39 energy consulting $50K). Shift bank fees (-$9,500) 5810 - Legal 20,000 682 20,000-3% 5820 - Audit/CPA Costs 13,000 1,163 13,000-9% 5825 - DMS Business Services 162,000 54,000 162,000-33% 5850 - Authorizer Oversight Fee 273,400-273,400-0% 5855 - Interest on Short-Term Debt (<1 yr) 92,369-6,771 (85,598) 0% No RANs needed for 14-15 cash flow 5860 - Bank Fees - 564 9,500 9,500 6% Bank fees: monthly, NSF and treasury management 5870 - Livescan (Fingerprinting) 900 209 900-23% 5880 - Instructional Consultants 45,000 13,603 45,000-30% 5910 - Telephone 7,800 2,589 7,800-33% 5920 - Telecom/Internet 2,500 8,171 2,500-327% 5930 - Postage 2,000 62 2,000-3% TTL Services & Operations 1,391,388 192,561 1,446,076 54,688 13%

BUDGET DETAIL Description July 1 Final Budget Jul-Oct Actuals First Interim Budget Change from July YTD % of Budget Budget Notes/Comments 6000 - Capital Outlay 6900 - Depreciation 54,834 901 54,834-2% TTL Capital Outlay 54,834 901 54,834-2% 7000 - Other Outgo 7438 - 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 9,717,251 244,081 25% Revenues less Expenditures 653 (22,146) 14,270 13,617 Beginning Fund Balance 1,862,093 1,862,093 Net Revenues 653 14,270 ENDING BALANCE 1,862,746 1,876,363 ENDING BALANCE AS % OF OUTGO 19.66% 19.31%

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 2,678,567 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 5,866,034 295,892 295,892 532,605 532,605 532,605 532,605 532,605 532,605 522,246 522,246 301,807-732,323 5,866,034 Education Protection Account 1,444,008 - - 341,630 - - - 341,630 - - 380,374 - - 380,374 1,444,008 Prior Year Corrections - - 38,520-128,400 - - - - - - - - (166,920) - In-Lieu-Of Property Taxes 628,300 - - 58,049 - - - - - 190,084 95,042 95,042 95,042 95,042 628,300 Federal Revenues 340,453 - - 104,726 - - - 104,726 - - - 104,726-26,275 340,453 Lottery Revenues 190,429 - - - 46,644 - - 33,367-33,367 - - 77,051 190,429 Other State Revenues 1,012,296-169,895 56,680 301 27,123 21,415 38,402 191,911.12 90,123 90,123 52,083-274,239 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 68,549 250,000 TTL REVENUES 9,731,521 320,469 510,821 1,119,225 716,775 574,228 568,520 1,065,229 739,016 816,953 1,135,652 568,158 109,542 1,486,933 9,731,521 EXPENDITURES All Certificated Salaries 5,172,926 55,313 412,831 420,605 422,256 418,951 418,951 418,951 418,951 418,951 418,951 418,951 418,951 510,317 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 84,998 152,001 1,107,591 All Benefits 1,411,176 11,271 75,544 133,646 122,753 117,742 113,233 113,233 113,233 113,233 113,233 113,233 113,233 157,590 1,411,176 All Materials & Supplies 515,073 40,854 209,311 54,138 30,364 16,116 16,116 16,116 32,232 16,116 16,116 16,116 16,116 35,362 515,073 All Services and Operations 1,446,076 35,622 88,612 48,602 19,907 50,626 150,129 150,129 150,129 150,129 150,129 150,129 150,129 151,804 1,446,076 All Capital Outlay 54,834 901 - - - - - - - - - - - 53,933 54,834 All Other Outgo 9,576 6,458 - - - - - - - - - 3,118 9,576 TTL EXPENSES 9,717,251 173,264 866,729 742,227 682,375 688,433 783,426 783,426 799,542 783,426 783,426 783,426 783,426 1,064,123 9,717,251 OTHER CASH INFLOWS/OUTFLOWS Accounts Receivable (net change) 653,487 211,480 - - - - - 864,967 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 1,000,000 500,000 - July August September October November December January February March April May June Accruals

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 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 1,313,807 962,821 1,361,811 CASH INFLOWS REVENUES General Purpose Block Grant 6,213,293-293,302 293,302 527,943 527,943 527,943 527,943 527,943 597,395 597,395 345,236-1,446,948 6,213,293 Education Protection Account 1,521,221 - - 361,002 - - 361,002 - - 399,609 - - 399,609-1,521,221 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 43,981 628,300 Federal Revenues 340,453 - - 42,557 - - 85,113 - - 85,113 48,636 48,636-30,398 340,453 Lottery Revenues 190,429 - - - - - - 47,607-47,607 - - 95,215 190,429 Other State Revenues 832,126-39,281 39,281 70,706 70,706 70,706 70,706 70,706 80,007 80,007 46,236-193,785 832,126 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 10,227 250,000 TTL CASH INFLOWS 9,975,823 6,250 376,531 834,265 671,640 671,640 1,117,755 719,247 671,640 1,272,813 840,354 506,817 466,317 1,820,554 9,975,823 EXPENDITURES All Certificated Salaries 5,378,806 57,514 429,262 437,345 439,062 435,625 435,625 435,625 435,625 435,625 435,625 435,625 435,625 530,627 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 88,388 158,062 1,151,759 All Benefits 1,602,082 12,796 85,764 151,726 139,359 133,670 128,551 128,551 128,551 128,551 128,551 128,551 128,551 178,909 1,602,082 All Materials & Supplies 441,041 34,982 179,227 46,357 26,000 13,800 13,800 13,800 27,599 13,800 13,800 13,800 13,800 30,279 441,041 All Services and Operations 1,453,881 35,814 89,090 48,864 20,014 50,900 150,939 150,939 150,939 150,939 150,939 150,939 150,939 152,623 1,453,881 All Capital Outlay 67,224 - - - - - - - - - - - - 67,224 67,224 All Other Outgo 14,364 - - - - - - - - - - - - 14,364 14,364 TTL CASH OUTFLOWS 10,109,156 164,862 866,981 772,927 715,003 722,382 817,302 817,302 831,102 817,302 817,302 817,302 817,302 1,132,088 10,109,156 Accounts Receivable (net change) 1,189,748 274,239 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 125,625 274,239 22,946 - - - - - - - - - - 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 1,313,807 962,821 1,651,287 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

MULTI-YEAR PROJECTION SUMMARY First Interim 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 $ 7,938,342 $ 8,362,814 $ 8,831,164 Federal Revenue 340,453 340,453 340,453 Other State Revenue 1,202,726 1,022,556 899,278 Other Local Revenue 250,000 250,000 250,000 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 515,073 441,041 392,714 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 2015 16 (YEAR 2) 2016 17 (YEAR 3)

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: 1,228 2014-15 Total Unduplicated Count of Free/Red Lunch, EL and Foster Students: 582 2014-15 Unduplicated % (13-14 + 14-15 Enrollment / 13-14 + 14-15 UC): 47.74% Local District Unduplicated % (if school U% is over 55%): 72.97% 2014-15 ADA Base Grant ($/ADA) Base Grant (Total $) Supp. Grant (Total $) Conc. Grant (Total $) Total Target Amount ($) 2014-15 K-3 ADA: 536.32 7,741 4,151,653 396,409-4,548,062 2014-15 4-6 ADA: 399.38 7,116 2,841,988 271,360-3,113,348 2014-15 7-8 ADA: 263.78 7,328 1,932,980 184,565-2,117,545 2014-15 9-12 ADA: - 8,711 - - - - Totals: 1,199.48 8,926,621 852,334-9,778,955 LCFF Target: $ 9,778,955 2014-15 P-2 ADA: divided by 1,199.48 LCFF Target Per ADA: $ 8,152.66 Step 3: Calculate Current Year LCFF Funding: LCFF Target: $ 9,778,955 Starting Amount (2012-13 Actual Funding Per ADA x 2014-15 ADA): (6,819,950) Prior Year Gap per ADA x 2014-15 ADA: (345,983) Total Revised Gap Amount: $ 2,613,022 Percentage of Gap Covered in 2014-15: 29.560% Dollar Amount of 2014-15 Gap Coverage: $ 772,409 Total 2014-15 LCFF Funding (2013-14 Funding + 14-15 Gap Coverage): $ 7,938,342 Total 2014-15 LCFF Funding Per 2014-15 ADA: $ 6,618.15 % Change in $/ADA Funding from 2013-14 to 2014-15: 10.779%

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: 1,228 2015-16 Total Unduplicated Count of Free/Red Lunch, EL and Foster Students: 582 2015-16 Unduplicated % (13-14,14-15 & 15-16 Enrollment / 13-14, 14-15 & 15-16 UC): 47.63% Local District Unduplicated %: 72.97% 2015-16 ADA Base Grant ($/ADA) Base Grant (Total $) Supp. Grant (Total $) Conc. Grant (Total $) Total Target Amount ($) 2015-16 K-3 ADA: 536.32 7,910 4,242,291 404,083-4,646,374 2015-16 4-6 ADA: 399.38 7,272 2,904,291 276,637-3,180,928 2015-16 7-8 ADA: 263.78 7,489 1,975,448 188,163-2,163,611 2015-16 9-12 ADA: - 8,903 - - - - Totals: 1,199.48 9,122,030 868,883-9,990,913 LCFF Target: $ 9,990,913 2015-16 P-2 ADA: divided by 1,199.48 LCFF Target Per ADA: $ 8,329.37 Step 3: Calculate Current Year LCFF Funding: LCFF Target: $ 9,990,913 Starting Amount (2012-13 Actual Funding Per ADA x 2015-16 ADA): (6,819,950) Prior Year Gaps per ADA x 2015-16 ADA: (1,118,392) Total Revised Gap Amount: $ 2,052,571 Percentage of Gap Covered in 2015-16: 20.680% Dollar Amount of 2015-16 Gap Coverage: $ 424,472 Total 2015-16 LCFF Funding (2013-14 Funding + 15-16 Gap Coverage): $ 8,362,814 Total 2015-16 LCFF Funding Per 2015-16 ADA: $ 6,972.03 % Change in $/ADA Funding from 2014-15 to 2015-16: 5.347%

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: 1,228 2016-17 Total Unduplicated Count of Free/Red Lunch, EL and Foster Students: 582 2016-17 Unduplicated % (14-15,15-16 & 16-17 Enrollment / 14-15, 15-16 & 16-17 UC): 47.39% Local District Unduplicated %: 72.97% 2016-17 ADA Base Grant ($/ADA) Base Grant (Total $) Supp. Grant (Total $) Conc. Grant (Total $) Total Target Amount ($) 2016-17 K-3 ADA: 536.32 8,080 4,333,466 410,762-4,744,228 2016-17 4-6 ADA: 399.38 7,428 2,966,595 281,198-3,247,793 2016-17 7-8 ADA: 263.78 7,649 2,017,653 191,250-2,208,903 2016-17 9-12 ADA: - 9,094 - - - - Totals: 1,199.48 9,317,714 883,210-10,200,924 LCFF Target: $ 10,200,924 2016-17 P-2 ADA: divided by 1,199.48 LCFF Target Per ADA: $ 8,504.46 Step 3: Calculate Current Year LCFF Funding: LCFF Target: $ 10,200,924 Starting Amount (2012-13 Actual Funding Per ADA x 2016-17 ADA): (6,819,950) Prior Year Gaps per ADA x 2016-17 ADA: (1,542,864) Total Revised Gap Amount: $ 1,838,110 Percentage of Gap Covered in 2016-17: 25.480% Dollar Amount of 2016-17 Gap Coverage: $ 468,351 Total 2016-17 LCFF Funding (2013-14 Funding + 15-16 Gap Coverage): $ 8,831,164 Total 2016-17 LCFF Funding Per 2016-17 ADA: $ 7,362.49 % Change in $/ADA Funding from 2014-15 to 2016-17: 5.600%

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): $ 6,618.15 1,199.48 $ 7,938,342 TOTALS State Aid Portion: $ 4,890.48 1,199.48 5,866,034.00 Education Protection Account Portion: $ 1,203.86 1,199.48 1,444,008.00 Local In-Lieu-Of Property Tax Portion: $ 523.81 1,199.48 $ 628,300.00 TOTAL GENERAL PURPOSE ENTITLEMENT $ 7,938,342.00 FEDERAL REVENUES Title I Funding $ 186,708 Title II Part A 13,084 Title III LEP - Total Federal ESEA Funding: 199,792.00 Other Federal Revenues Federal IDEA Special Education 140,661.00 MAA Funding - Other Federal Revenue - Total Other Federal Revenues: 140,661.00 TOTAL FEDERAL REVENUES $ 340,453.00 OTHER STATE REVENUES Non-Prop 20 Lottery (using P-2 ADA) $ 128.00 1,175 150,462.77 Prop 20 Lottery (using P-2 ADA): 34.00 1,175 39,966.67 190,429.44 Additional Other State Revenues Mandate Block Grant 97,114.00 Facility Grant Program (lesser of 75% or $750/ADA) - State Special Education (AB602) 565,603.32 SPED Mental Health (Tier 1) 66,841.00 SPED Mental Health (Tier 2) - Prior Year Corrections/Adjustments - Updated WCUSD Backfill (Year 2 of LCFF) 282,738.00 Other State Revenues - Total Additional Other State Revenues: 1,012,296.32 TOTAL OTHER STATE REVENUES $ 1,202,725.76 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 $ 9,731,520.76

FUNDING CALCULATIONS 2015-16 (Year 2) Net State Funding COLA over prior year = 2.19% GENERAL PURPOSE ENTITLEMENT $/ADA ADA Subtotal Total LCFF Funding (see LCFF page): $ 6,972.03 1,199.48 $ 8,362,814 TOTALS State Aid Portion: $ 5,703.80 1,199.48 6,213,293.00 Education Protection Account Portion: $ 1,268.23 1,199.48 1,521,221.00 Local In-Lieu-Of Property Tax Portion: $ 523.81 1,199.48 $ 628,300.00 TOTAL GENERAL PURPOSE ENTITLEMENT $ 8,362,814.00 FEDERAL REVENUES Title I Funding $ 186,708 Title II Part A 13,084 Title III LEP - Total Federal ESEA Funding: 199,792.00 Other Federal Revenues Federal IDEA Special Education 140,661.00 MAA Funding - Other Federal Revenue - Total Other Federal Revenues: 140,661.00 TOTAL FEDERAL REVENUES $ 340,453.00 OTHER STATE REVENUES Non-Prop 20 Lottery (using P-2 ADA) $ 128.00 1,175 150,462.77 Prop 20 Lottery (using P-2 ADA): 34.00 1,175 39,966.67 190,429.44 Additional Other State Revenues Mandate Block Grant 17,000.00 Facility Grant Program (lesser of 75% or $750/ADA) - State Special Education (AB602) 565,603.32 SPED Mental Health (Tier 1) 66,841.00 SPED Mental Health (Tier 2) - Prior Year Corrections/Adjustments - Updated WCUSD Backfill (Year 3 of LCFF) 182,682.00 Other State Revenues - Total Additional Other State Revenues: 832,126.32 TOTAL OTHER STATE REVENUES $ 1,022,555.76 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 $ 9,975,822.76

FUNDING CALCULATIONS 2016-17 (Year 3) Net State Funding COLA over prior year = 2.14% GENERAL PURPOSE ENTITLEMENT $/ADA ADA Subtotal Total LCFF Funding (see LCFF page): $ 7,362.49 1,199.48 $ 8,831,164 TOTALS State Aid Portion: $ 6,023.23 1,199.48 6,596,449.00 Education Protection Account Portion: $ 1,339.26 1,199.48 1,606,415.00 Local In-Lieu-Of Property Tax Portion: $ 523.81 1,199.48 $ 628,300.00 TOTAL GENERAL PURPOSE ENTITLEMENT $ 8,831,164.00 FEDERAL REVENUES Title I Funding $ 186,708 Title II Part A 13,084 Title III LEP - Total Federal ESEA Funding: 199,792.00 Other Federal Revenues Federal IDEA Special Education 140,661.00 MAA Funding - Other Federal Revenue - Total Other Federal Revenues: 140,661.00 TOTAL FEDERAL REVENUES $ 340,453.00 OTHER STATE REVENUES Non-Prop 20 Lottery (using P-2 ADA) $ 128.00 1,175 150,462.77 Prop 20 Lottery (using P-2 ADA): 34.00 1,175 39,966.67 190,429.44 Additional Other State Revenues Mandate Block Grant 17,000.00 Facility Grant Program (lesser of 75% or $750/ADA) - State Special Education (AB602) 565,603.32 SPED Mental Health (Tier 1) 66,841.00 SPED Mental Health (Tier 2) - Prior Year Corrections/Adjustments - Updated WCUSD Backfill (Year 4 of LCFF) 59,404.00 Other State Revenues - Total Additional Other State Revenues: 708,848.32 TOTAL OTHER STATE REVENUES $ 899,277.76 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 $ 10,320,894.76