Monthly Financial Report. July 2014 FISCAL YEAR JULY 1, 2014 JUNE 30, Kelvin R. Adams, Ph.D. Superintendent of Schools

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1 July 204 Monthly Financial Report FISCAL YEAR JULY, 204 JUNE 30, 205 Kelvin R. Adams, Ph.D. Superintendent of Schools 80 N. th Street St. Louis, MO 630 (34)

2 Rick Sullivan President and CEO Melanie Adams Vice President Richard K. Gaines Comprehensive Long-Range Planning Chair Kelvin R. Adams, Ph.D. Superintendent of Schools Saint Louis Public Schools, as an equal opportunity educational provider and employer, does not discriminate on the basis of race, color, religion, sex, national origin, age, disability, sexual orientation, gender identity, gender expression, genetic information, or any other basis prohibited by law in educational programs or activities that it operates or in employment decisions. The district is required by Title VI and Title VII of the Civil Rights Act of 964, Title IX of the Education Amendments of 972, Section 504 of the Rehabilitation Act of 973, the Americans with Disabilities Act, and the Age Discrimination Act of 975, as amended, as well as board policy not to discriminate in such a manner. (Not all prohibited bases apply to all programs.) Saint Louis Public Schools 80 N. th Street St. Louis, MO 630 (34)

3 Contents SLPS Budget by Fund (all funds)... 4 SLPS YTD Budget-to-Actual by Fund (all funds)... 5 Balance Sheet Statement of Revenues, Expenditures and Changes in Fund Balances

4 Fiscal Year July, June 30, 205 FY 205 SLPS Budget by Fund (all funds) FY Total Budget $40,823,349 $40,296,807 Proprietary $526,542 Operating Fund (GOB, Expansion) $297,226,883 Special $65,6,678 Capital $2,000,000 Debt $26,908,245 Service $526,542 General Fund (Fund 0) $20,76,65 (GOB) Education (Fund 22x) $7,454,889 Education (Fund 32) Debt Service (Fund 60) $26,908,245 Trust and Agency (Fund 720) $34,002 Teacher's Fund (Fund 20) 6,696,36 (GOB) Title I (Fund 230) $7,845,997 DESEG (Fund 33) Foundations and Contributions (Fund 730) $392,539 Student Health (Fund 40) 3,787,02 (GOB) Education (Fund 240) $369, (Fund 909) $,800,000 Capital Equipment (Fund 360) Adult Basic Education (Fund 250) $2,728,500 -QSCB (Fund 90) DESEG (Fund ) $7,985,269 Community (Fund 260) $80,000 -BAB (Fund 92) $500,000 DESEG (Fund 2) $3,04,67 Special Education (Fund 270) $8,064,450 -QZAB (Fund 93) $3,700,000 Mini Federal Programs (Fund 290) $7,73,55 (Fund 94) $5,000,000 Title VI (620) $4,585,457 Food Services (Fund 50) $6,29,994 Kelvin R. Adams, Ph.D. Superintendent of Schools 80 N. th Street St. Louis, Missouri 630 Telephone (34) Building Our Future: One Community, One School, One Child at a Time

5 FY 205 SLPS YTD Budget-to-Actual by Fund (all funds) For The Period Ended July 3, 204 Fund Code Fund Description FY205 Adopted Budget FY205 Current Budget FY205 YTD Spend Remaining Balance YTD Spend % (Current Budget) SAB Adopted 0 GOB INCIDENTAL 20,76,65 20,288,252 2,548,242 7,740,009 2.% EXPANSION INCIDENTAL 7,985,269 6,43,760 8,04 6,350,746.3% EXPANSION TEACHERS 3,04,67 4,595,26 46,729 4,548,397.0% 20 GOB TEACHERS 6,696,36 62,24,725 2,857,428 59,267,297.8% 40 GOB STUDENT HEALTH 3,787,02 3,787,02 5,078 3,77, % 50 SCHOOL LUNCHROOM 6,29,994 6,98,243,788 6,86,455 0.% 60 DEBT SERVICE 26,908,245 26,908, ,908, % SAB Adopted Subtotal 340,355,22 340,333,372 5,560, ,773,094.6% Special Revenue EARLY CHILDHOOD SPECIAL ED 7,454,889 7,454,889 03,60 7,35,729.4% TITLE I IASA 7,845,997 6,885, ,922 6,68,075.6% ADULT VOCATION/ACADEMIC ED 369, ,237 6,46 352, % ADULT BASIC ED 2,728,500 2,728,500 86,894 2,64, % COMM DEVELOP AGENCY 80,000 80, , % SPECIAL ED 8,064,450 8,064,450 72,367 7,992, % OTHER FEDERAL 7,73,55 7,73,55 289,98 7,423,74 3.8% TITLE VI 4,585,457 5,545,457 70,926 5,474,53.3% Special Revenue Subtotal 48,94,684 48,94, ,70 48,033,974.9% Capital Projects 909 CAPITAL A/C,800, ,682 4,837 85, % PROP S - BUILD AMERICA BONDS 500, % PROP S 20A 3,700,000 5,07,29 0 5,07,29 0.0% PROP S 20B 5,000,000 0,362,044 2,940 0,349,04 0.% Capital Projects Subtotal 2,000,000 6,235,855 7,777 6,28,078 0.% Self-Funding 720 TRUST AGENCY & ENTERPRISE 34,002 34, , % 730 FOUNDATIONS & CONTRIBUTIONS 392, ,539 9, ,637 5.% Self-Funding Subtotal 526, ,542 9, , % Grand Total - All Budgeted 40,823, ,037,453 6,505, ,53,785.6% Special Revenue Fund amounts are estimates based upon grant application amounts. The actual amounts received for each respective grant may vary from budgeted amount and are fully disclosed in the District's Comprehensive Annual Financial Report. Some grants include roll-forward amounts from from DESEG Settlement have been deposited in DESEG Capital (Fund 33) and are allocated out to DESEG Expansion (, 2, and 3) in accordance with settlement plan spend down schedule. Expectation that 85% of proceeds be spent by % of proceeds must be spent by Expectation that 85% of proceeds be spent by SLPS Monthly Financial Report 5

6 Fiscal Year July, June 30, Building Our Future: One Community, One School, One Child at a Time Debt Balance Sheet - For The Month Ended July 3, 204 Fiscal Year 204/205 From Period To Period Capital Projects DESEG DESEG HVAC School Renovation Non-Major Vocation Ed Settlement 2009 QSCB BAB 20A 20 B General Teachers Service Building (32) (33) (909) (90) (92) (93) (94) (Non-Majors Tab) Total ASSETS Cash and Investments Cash and Investments 55,942,822 (2,648,286) 8,333,22,39,92 56,706 32,322,030,0, ,280,355 3,29,366 (7,4,567) 99,957,724 Investments held for Bond Indebtedness - - 2,80, ,80,59 Total Cash and Investments 55,942,822 (2,648,286) 3,43,380,39,92 56,706 32,322,030,0, ,280,355 3,29,366 (7,4,567) 2,767,883 Receivables Receivables - Grants ,537,777 5,537,777 Receivables - Taxes 7,84,490-2,42, ,254,328 Receivables - Other 2,35,029 5,505, ,36 2,420,443 Total Receivables 9,976,59 5,505 2,44, ,805,93 38,22,548 Due from other Prepaid assets ,509 35,97 Inventories 407, ,948 Provision for retirement of LT Debt Total Other Assets 408, , ,865 TOTAL ASSETS (76,327,697) 2,632,78 (33,557,653) (,39,92) (56,706) (32,322,030) (,0,55) - - (6,280,355) (3,29,706) (8,429,855) (5,424,296) LIABILITIES AND FUND BALANCES LIABILITIES Accounts Payable (2,829,003) (8,432,359) (53,44) - - (49,576) (,780,76) (3,29,979) (6,76,237) Retainage Payable , ,508,092,55 -,967,028 Claims Payable Accrued Vacation Liability Other Accrued Liabilities 7,94 36, , (2,458) (00) 388,637 Deposits and Escrow (,494,474) (,494,474) Due to other funds Unearned Revenue ,348,44 5,348,44 Deferred Tax Revenue 5,229,896-2,245, ,475,533 TOTAL LIABILITIES 8,30,840 8,748,498 2,245, , ,263,085 2,870,233 6,983,847 40,40,403 FUND BALANCES Nonspendable Inventories 365, ,599 Permanent Fund Principal (Fund 72) Total Nonspendable 365, ,599 Restricted for : Bonded Indebtedness Capital Projects Desegregation settlement programs Total Restricted Assigned to : School lunchroom Community Development Agency Adult education Total Assigned Unassigned (57,83,258) 30,38,279 (3,32,06) (,39,92) (56,706) (32,322,030) (85,892) - - (5,07,270) (0,349,473) (,446,008) (0,657,295) Total Fund Balances 58,96,857 (30,38,279) 3,32,06,39,92 56,706 32,322,030 85, ,07,270 0,349,473,446,008,022,894 TOTAL LIABILITIES AND FUND BALANCES 76,327,697 (2,632,78) 33,557,653,39,92 56,706 32,322,030,0, ,280,355 3,29,706 8,429,855 5,424,296

7 SLPS Monthly Financial Report 7 Statement of Revenues, Expenditures and Changes in Fund Balances - For The Month Ended July 3, 204 Fiscal Year 204/205 From Period To Period Capital Projects DESEG DESEG HVAC School Renovation Non-Major General Fund Teachers Fund Debt Service Building Vocation Ed Settlement 2009 QSCB BAB 20A 20 B Total (0,) (20,2) (60) (360,3) (32) (33) (909) (90) (92) (93) (94) (Non-Majors Tab) REVENUES Local Current Taxes - 2,543, ,543,662 Delinquent Taxes Interest on Investments, ,940 Other 6,896-9, ,46 33,58 Local Total 8,766 2,543,662 9, ,337 2,580,82 County - 24, ,538 State 940,527 3,265, ,978 4,208, Federal TOTAL REVENUES 949,293 5,833,805 9, ,35 6,82,83 EXPENDITURES Current : Instructional 289,633,730, ,959 2,89,597 Building Services 703, , ,940-72,768 Administration 803,66 397, ,462,28,05 Instructional Support 0,46 39, , ,3 Non-Instructional Support 679, , ,470,873,878 Transportation 28, ,029 Food and Community Services 23,9 29, ,998 90,77 Total Current Expenditures 2,629,256 2,904, , , ,478 6,505,667 Capital Outlay Debt Service Bond Principal Retirement Bond Interest Expense Bond Issuance Costs Total Expenditures 2,629,256 2,904, , , ,478 6,505,667 Excess (Deficiency) Revenue - Expense (,679,963) 2,929,648 9, (4,790) (2,57) (935,63) 307,63 Other Financing Sources (Uses) Transfers In Transfers out Issuance of Bonds Payment to refunding escrow agent Premium on issuance of bonds Total Other Financing Sources (Uses) Net Change in Fund Balances (,679,963) 2,929,648 9, (4,790) (2,57) (935,63) 307,63 Fund Balances - Beginning of period 59,876,82 (33,30,927) 3,302,364,39,753 56,665 32,322, , ,07,29 0,362,044 2,38,70 0,75,730 Fund Balances - End of Period 58,96,857 (30,38,279) 3,32,06,39,92 56,706 32,322,030 85, ,07,270 0,349,473,446,008,022,894