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Exhibit 3

Magnolia Science Academy-Anaheim Elementary Charter School Petition
for Charter Term July 1, 2016 – June 30, 2021
Tab 7: Budget
Pages 1 – 17

TAB 7

BUDGET

Exhibit 3, Page 1 of 17

TAB 7: BUDGET

Exhibit 3, Page 2 of 17

Magnolia Public Schools

2016-17

2017-18

2018-19

2019-20

2020-21

Magnolia Science Academy-Anaheim Elementary

SUMMARY
Total Revenue & Resources
Total Budgeted Expenditures
5% Reserve
Carry-over From Previous Year
Net Income (Loss)
Ending Fund Balance
REVENUE & RESOURCES DETAIL
Projected Enrollment K-3
Projected Enrollment 4-6
Projected Enrollment 7-8
Projected Enrollment 9-12
Total Enrollment
Estimated Average Daily Attendance (ADA)
1.REVENUE LIMIT SOURCES
REVENUE LIMIT STATE AID
EDUCATION PROTECTION ACCOUNT
IN LIEU OF PROPERTY TAX
TOTAL REVENUE & RESOURCES
2.FEDERAL REVENUE
NO CHILD LEFT BEHIND
SPEDIAL EDUCATION - FEDERAL
CHILD NUTRITION - FEDERAL
Sub-total Federal Revenue
3. OTHER STATE REVENUE
LOTTERY REVENUE
SPECIAL EDUCATION - STATE
NSLP
OTHER
Sub-total Other State Revenue
4.OTHER LOCAL REVENUE
OTHER LOCAL REVENUE
Sub-total other Local Revenue

TOTAL REVENUE & RESOURCES
EXPENDITURES SUMMARY
1000 - Total Certificated Salary
2000 - Total Classified (Non Certified) Salary
3000 - Total Employee Benefits
4000 - Total Books and Supplies
5000 - Total Services & Other Operating Expenses
6000 - Total Capital Outlay
TOTAL EXPENDITURES
EXPENDITURES
1000 - Certificated Salary
Total Certificated FTE's
1100 - Teachers' Salaries
1300 - School Supervisors' and Administratorss Salaries
1000 - Total Certificated Salary
Percent of Revenue/Resources
2000 - Classified (Non Certified) Salary
Total Classified (Non Certified) FTE
2400 - Clerical and Office Salaries
2900 - Other Non Certificated Salaries
2000 - Total Classified (Non Certified) Salary
Percent of Revenue/Resources
1000 & 2000 - Total Salaries
Percent of Total Salaries
3000 - Employee Benefits
3100 - State Teacher Retirement System-STRS
3200 - Public Employee Retirement System-PERS
3300 - OASDI / Medicare / Alternative
3400 - Health and Walfare Benefits
3500 - Unemployment Insurance
3600 - Worker's Compensation
3900 - Other Employee Benefit
3000 - Total Employee Benefits
Percent of Revenue/Resources
1000 & 2000 & 3000 - Total Salaries and Benefits

8,704,663
7,861,616
393,081
843,047
843,047

9,105,834
8,851,518
354,061
843,047
254,317
1,097,363

9,590,635
9,581,623
383,265
1,097,363
9,012
1,106,375

10,052,311
9,786,821
391,473
1,106,375
265,490
1,371,865

10,387,402
10,271,475
410,859
1,371,865
115,926
1,487,792

430
300
0
0
730
702

455
300
0
0
755
728

485
300
0
0
785
758

520
300
0
0
820
794

535
320
0
0
855
828

4,473,772
798,631
1,955,984
7,228,387

4,658,734
793,847
2,138,695
7,591,276

5,348,907
404,803
2,290,208
8,043,918

5,589,603
414,652
2,463,227
8,467,482

5,732,994
425,289
2,610,962
8,769,246

323,408
301,954
807,862

336,779
312,944
838,865

343,464
326,054
866,584

351,821
341,297
899,396

355,164
356,232
926,701

101,380
17,033
568,413

108,040
17,653
575,693

111,740
18,393
580,133

116,180
19,253
585,433

121,360
20,095
591,455

100,000
100,000

100,000
100,000

100,000
100,000

100,000
100,000

100,000
100,000

8,704,663

9,105,834

9,590,635

10,052,311

10,387,402

2,983,550
612,820
1,130,511
987,848
1,371,887
775,000
7,861,616

3,367,566
731,930
1,341,796
1,100,369
2,284,857
25,000
8,851,518

3,673,172
793,181
1,547,312
1,235,259
2,305,700
27,000
9,581,623

3,783,327
817,431
1,661,468
1,020,053
2,474,542
30,000
9,786,821

3,958,873
879,570
1,788,266
1,054,060
2,550,707
40,000
10,271,475

45
2,621,050
362,500
2,983,550
37.95%

49
2,924,292
443,274
3,367,566
38.05%

51
3,216,690
456,482
3,673,172
38.34%

51
3,312,741
470,586
3,783,327
38.66%

52
3,474,274
484,599
3,958,873
38.54%

10
222,980
389,840
612,820
7.80%
3,596,370
45.75%

11
229,904
502,025
731,930
8.27%
4,099,495
46.31%

12
276,117
517,064
793,181
8.28%
4,466,353
46.61%

12
284,628
532,803
817,431
8.35%
4,600,758
47.01%

12
293,137
586,433
879,570
8.56%
4,838,443
47.11%

325,231
69,332
132,816
394,144
89,909
79,480
39,600
1,130,511
14.38%
4,726,881

419,002
80,954
154,081
451,474
102,487
90,599
43,200
1,341,796
15.16%
5,441,291

506,114
89,089
171,262
497,750
133,991
98,706
50,400
1,547,312
16.15%
6,013,664

580,536
91,762
176,433
522,637
138,023
101,677
50,400
1,661,468
16.98%
6,262,226

641,900
94,515
185,968
557,480
145,153
106,930
56,320
1,788,266
17.41%
6,626,709

Exhibit 3, Page 3 of 17

Percent of Total Salaries and Benefits
4000 - Books and Supplies
4100 - Approved Textbooks & Curricula Materials
4200 - Books and Other Referance Materials
4300 - Materials & Supplies
4400 - Noncapitalized Equipment
4700 - Food
4000 - Total Books and Supplies
Percent of Revenue/Resources
5000 - Services & Other Operating Expenses
5200 - Travel & Conferences
5300 - Dues & Memberships
5400 - Insurance (Umbrella liability)
5500 - Operations & Housekeeping
5600 - Rentals, Leases, Repairs & NonCap Improvements
5800 - Professional/Consulting Serv and Operating Expenses
5900-Communications
5000 - Total Services & Other
Percent of Revenue/Resources
6000 - Capital Outlay
6400 - Depreciation
6000 - Total Capital Outlay
Percent of Revenue/Resources

TOTAL EXPENDITURES

60.13%

61.47%

62.76%

63.99%

64.52%

180,000
24,000
150,000
114,000
519,848
987,848
12.57%

216,000
28,800
180,000
136,800
538,769
1,100,369
12.43%

259,200
34,560
216,000
164,160
561,339
1,235,259
12.89%

180,000
41,472
150,000
61,000
587,581
1,020,053
10.42%

180,000
49,766
150,000
61,000
613,293
1,054,060
10.26%

60,000
13,000
62,050
63,261
750,960
410,616
12,000
1,371,887
17.45%

60,000
13,000
67,950
135,720
754,776
1,239,587
13,824
2,284,857
25.81%

43,000
10,000
74,575
135,960
759,118
1,271,612
11,436
2,305,700
24.06%

11,000
6,500
82,000
142,200
884,066
1,337,328
11,448
2,474,542
25.28%

11,000
6,500
89,775
154,200
901,313
1,376,459
11,460
2,550,707
24.83%

25,000
775,000
9.86%

25,000
25,000
0.28%

27,000
27,000
0.28%

30,000
30,000
0.31%

40,000
40,000
0.39%

7,861,616

8,851,518

9,581,623

9,786,821

10,271,475

Exhibit 3, Page 4 of 17

CA$H FLOW
Magnolia Science Academy-Anaheim Elementary
2016-2017
PART A
July

ACTUALS THROUGH THE MONTH
OF

-

A. BEGINNING CASH

August

September

October

November

December

January

February

March

April

May

June

PART B

A+B

Accruals

TOTAL

26,550

26,077

269,240

231,893

194,545

377,708

391,050

353,703

596,866

559,518

522,171

162,999
372,814

162,999
372,814

199,658
162,999
372,814

162,999
372,814

162,999
372,814

199,658
162,999
372,814

162,999
372,814

162,999
372,814

199,658
162,999
372,814

162,999
372,814

162,999
372,814

199,658
162,999
372,814

-

535,813

535,813

735,471

535,813

535,813

735,471

535,813

535,813

735,471

535,813

535,813

735,471

-

798,631
1,955,984
4,473,772
7,228,387

61,480
8,664
10,709
48,445
129,297

48,445
48,445

48,445
48,445

61,480
8,664
10,709
48,445
129,297

48,445
48,445

48,445
48,445

61,480
8,664
10,709
48,445
129,297

48,445
48,445

48,445
48,445

61,480
8,664
10,709
48,445
129,297

-

245,918
34,655
42,834
484,454
807,862

50,690

-

101,380
17,033
450,000
568,413
50,000
50,000
100,000
8,704,663

B. RECEIPTS

REVENUE LIMIT SOURCES
EPA

8012

Property Taxes

8096

Principal Apportionment
PY Adjustment
Total Renenue Limit Sources
FEDERAL REVENUES
Title I

8290

Title II

8290

Title III

8290

NSLP (National Sch Lunch Prog)8220

Total Federal Revenues
OTHER STATE REVENUES
Lottery

8560

Special Education (AB602)

8311

NSLP (National Sch Lunch Prog)8520

Prop 39 Clean Energy

-

-

-

-

-

-

-

-

50,690

-

-

-

1,703

1,703

1,703

1,703

1,703

1,703

1,703

1,703

1,703

1,703

8590

Common Core (13-14 only)

8590

Mandate Block Grant

8590

Art & Music Block Grant

8590

Facility Grant

8590

37,500
37,500

37,500
37,500

37,500
39,203

37,500
39,203

37,500
39,203

37,500
39,203

37,500
89,893

37,500
39,203

37,500
39,203

37,500
39,203

37,500
39,203

37,500
89,893

Donation

8610

Fundraising

8615

4,167
4,167

4,167
4,167

4,167
4,167

4,167
4,167

4,167
4,167

4,167
4,167

4,167
4,167

4,167
4,167

4,167
4,167

4,167
4,167

4,167
4,167

4,167
4,167

Other Local Revenues

8699

8,333
581,646

8,333
581,646

8,333
912,305

8,333
631,795

8,333
631,795

8,333
912,305

8,333
682,485

8,333
631,795

8,333
912,305

8,333
631,795

8,333
631,795

8,333
962,995

-

581,646

581,646

912,305

631,795

631,795

912,305

682,485

631,795

912,305

631,795

631,795

962,995

-

8,704,663

218,421
30,208

218,421
30,208

218,421
30,208

218,421
30,208

218,421
30,208

218,421
30,208

218,421
30,208

218,421
30,208

218,421
30,208

218,421
30,208

218,421
30,208

218,421
30,208

248,629

248,629

248,629

248,629

248,629

248,629

248,629

248,629

248,629

248,629

248,629

248,629

-

2,621,050
362,500
2,983,550

18,582

18,582

18,582

18,582

18,582

18,582

18,582

18,582

18,582

18,582

18,582

18,582

Other State Revenues
LOCAL REVENUE

Other State Revenues
TOTAL REVENUES
Account Receivable
Other Financial Sources
TOTAL CASH IN

C. DISBURSEMENTS

CERTIFICATED SALARES
Teachers' Salaries

1100

Admins' Salaries

1300

Other
Total Certificated Salaries
CLASSIFIED SALARIES
Clerical and Office Salaries

2400

222,980

Exhibit 3, Page 5 of 17

Other Non Certificated Salaries 2900
Other

Total Classified Salaries
EMPLOYEE BENEFITS
STRS

3100

PERS

3200

OASDI / Medicare / Alternative 3300

Health and Walfare Benefits

3400

Unemployment Insurance

3500

Worker's Compensation

3600

Other Employee Benefits

3900

Total Employee Benefits
BOOKS & SUPPLIES
Approved Textbooks

4100

Books & Other Referance Materials
4200

Materials & Supplies

4300

Noncapitalized Equipment

4400

Food

4700

32,487

32,487

32,487

32,487

32,487

32,487

32,487

32,487

32,487

32,487

32,487

32,487

51,068

51,068

51,068

51,068

51,068

51,068

51,068

51,068

51,068

51,068

51,068

51,068

27,103
5,778
11,068
32,845
7,492
6,623
3,300
94,209

27,103
5,778
11,068
32,845
7,492
6,623
3,300
94,209

27,103
5,778
11,068
32,845
7,492
6,623
3,300
94,209

27,103
5,778
11,068
32,845
7,492
6,623
3,300
94,209

27,103
5,778
11,068
32,845
7,492
6,623
3,300
94,209

27,103
5,778
11,068
32,845
7,492
6,623
3,300
94,209

27,103
5,778
11,068
32,845
7,492
6,623
3,300
94,209

27,103
5,778
11,068
32,845
7,492
6,623
3,300
94,209

27,103
5,778
11,068
32,845
7,492
6,623
3,300
94,209

27,103
5,778
11,068
32,845
7,492
6,623
3,300
94,209

27,103
5,778
11,068
32,845
7,492
6,623
3,300
94,209

27,103
5,778
11,068
32,845
7,492
6,623
3,300
94,209

2,000
12,500
9,500
25,992
49,992

2,000
12,500
9,500
51,985
75,985

2,000
12,500
9,500
51,985
75,985

2,000
12,500
9,500
51,985
75,985

60,000
2,000
12,500
9,500
51,985
135,985

2,000
12,500
9,500
51,985
75,985

2,000
12,500
9,500
51,985
75,985

2,000
12,500
9,500
51,985
75,985

2,000
12,500
9,500
51,985
75,985

2,000
12,500
9,500
51,985
75,985

6,000
1,083
5,171
5,272
62,580
41,062
1,000
122,168

6,000
1,083
5,171
5,272
62,580
41,062
1,000
122,168

6,000
1,083
5,171
5,272
62,580
41,062
1,000
122,168

6,000
1,083
5,171
5,272
62,580
41,062
1,000
122,168

6,000
1,083
5,171
5,272
62,580
41,062
1,000
122,168

6,000
1,083
5,171
5,272
62,580
41,062
1,000
122,168

6,000
1,083
5,171
5,272
62,580
41,062
1,000
122,168

6,000
1,083
5,171
5,272
62,580
41,062
1,000
122,168

60,000
2,000
12,500
9,500
84,000

Total Books & Supplies
SERVICES & OTHER OPERATING EXPENSES

-

389,840
612,820

-

325,231
69,332
132,816
394,144
89,909
79,480
39,600
1,130,511

60,000
2,000
12,500
9,500
25,992
109,992

-

180,000
24,000
150,000
114,000
519,848
987,848

6,000
1,083
5,171
5,272
62,580
41,062
1,000
122,168

3,000
1,083
5,171
5,272
62,580
20,531
1,000
98,637

-

60,000
13,000
62,050
63,261
750,960
410,616
12,000
1,371,887
25,000
750,000
775,000
7,861,616

7,861,616
843,047
843,047

5900

1,000
75,106

3,000
1,083
5,171
5,272
62,580
20,531
1,000
98,637

Capital Outlay

6000

2,083

2,083

2,083

2,083

2,083

2,083

2,083

2,083

2,083

2,083

2,083

2,083

Depreciation

6400

Startup Costs

7000

2,083
555,096

37,500
39,583
582,119

75,000
77,083
669,142

75,000
77,083
669,142

75,000
77,083
669,142

75,000
77,083
729,142

75,000
77,083
669,142

75,000
77,083
669,142

75,000
77,083
669,142

75,000
77,083
669,142

75,000
77,083
669,142

37,500
39,583
642,119

-

555,096
26,550
26,550

582,119
(473)
26,077

669,142
243,162
269,240

669,142
(37,347)
231,893

669,142
(37,347)
194,545

729,142
183,162
377,708

669,142
13,343
391,050

669,142
(37,347)
353,703

669,142
243,162
596,866

669,142
(37,347)
559,518

669,142
(37,347)
522,171

642,119
320,876
843,047

-

Travel & Conferences

5200

Dues & Memberships

5300

Insurance (Umbrella liability)

5400

Operations & Housekeeping

5500

Rentals, Leases, Repairs

5600

Professional/Consulting/Operating
5800

Communications
Total Services & Operating Exp.
CAPITAL OUTLAY

Total 6000 & 7000
TOTAL EXPENDITURES

1,083
5,171
5,272
62,580

Accounts Payable
Other Financial Sources
D. TOTAL CASH OUT
E. NET CASH FLOW
F. ENDING CASH BALANCE

Exhibit 3, Page 6 of 17

CA$H FLOW
Magnolia Science Academy-Anaheim Elementary
2017-2018
PART A
July

ACTUALS THROUGH THE MONTH
OF
A. BEGINNING CASH

August

September

October

November

December

January

February

March

April

May

June

PART B

A+B

Accruals

TOTAL

843,047

816,902

770,840

967,490

881,484

795,478

920,129

888,143

802,137

998,787

912,781

826,775

178,225
388,228

178,225
388,228

198,462
178,225
388,228

178,225
388,228

178,225
388,228

198,462
178,225
388,228

178,225
388,228

178,225
388,228

198,462
178,225
388,228

178,225
388,228

178,225
388,228

198,462
178,225
388,228

-

566,452

566,452

764,914

566,452

566,452

764,914

566,452

566,452

764,914

566,452

566,452

764,914

-

793,847
2,138,695
4,658,734
7,591,276

64,021
9,022
11,151
50,209
134,403

50,209
50,209

50,209
50,209

64,021
9,022
11,151
50,209
134,403

50,209
50,209

50,209
50,209

64,021
9,022
11,151
50,209
134,403

50,209
50,209

50,209
50,209

64,021
9,022
11,151
50,209
134,403

-

256,086
36,088
44,605
502,087
838,865

54,020

-

108,040
17,653
450,000
575,693
50,000
50,000
100,000
9,105,834

B. RECEIPTS

REVENUE LIMIT SOURCES
EPA

8012

Property Taxes

8096

Principal Apportionment
PY Adjustment
Total Renenue Limit Sources
FEDERAL REVENUES
Title I

8290

Title II

8290

Title III

8290

NSLP (National Sch Lunch Prog)8220

Total Federal Revenues
OTHER STATE REVENUES
Lottery

8560

Special Education (AB602)

8311

NSLP (National Sch Lunch Prog)8520

-

-

-

-

-

-

-

-

54,020

-

-

-

1,765

1,765

1,765

1,765

1,765

1,765

1,765

1,765

1,765

1,765

Prop 39 Clean Energy

8590

Common Core (13-14 only)

8590

Mandate Block Grant

8590

Art & Music Block Grant

8590

Facility Grant

8590

37,500
37,500

37,500
37,500

37,500
39,265

37,500
39,265

37,500
39,265

37,500
39,265

37,500
93,285

37,500
39,265

37,500
39,265

37,500
39,265

37,500
39,265

37,500
93,285

Donation

8610

Fundraising

8615

4,167
4,167

4,167
4,167

4,167
4,167

4,167
4,167

4,167
4,167

4,167
4,167

4,167
4,167

4,167
4,167

4,167
4,167

4,167
4,167

4,167
4,167

4,167
4,167

Other Local Revenues

8699

8,333
612,286

8,333
612,286

8,333
946,916

8,333
664,260

8,333
664,260

8,333
946,916

8,333
718,280

8,333
664,260

8,333
946,916

8,333
664,260

8,333
664,260

8,333
1,000,936

-

612,286

612,286

946,916

664,260

664,260

946,916

718,280

664,260

946,916

664,260

664,260

1,000,936

-

9,105,834

243,691
36,939

243,691
36,939

243,691
36,939

243,691
36,939

243,691
36,939

243,691
36,939

243,691
36,939

243,691
36,939

243,691
36,939

243,691
36,939

243,691
36,939

243,691
36,939

280,630

280,630

280,630

280,630

280,630

280,630

280,630

280,630

280,630

280,630

280,630

280,630

-

2,924,292
443,274
3,367,566

19,159

19,159

19,159

19,159

19,159

19,159

19,159

19,159

19,159

19,159

19,159

19,159

Other State Revenues
LOCAL REVENUE

Other State Revenues
TOTAL REVENUES
Account Receivable
Other Financial Sources
TOTAL CASH IN

C. DISBURSEMENTS

CERTIFICATED SALARES
Teachers' Salaries

1100

Admins' Salaries

1300

Other
Total Certificated Salaries
CLASSIFIED SALARIES
Clerical and Office Salaries

2400

229,904

Exhibit 3, Page 7 of 17

Other Non Certificated Salaries 2900
Other

Total Classified Salaries
EMPLOYEE BENEFITS
STRS

3100

PERS

3200

OASDI / Medicare / Alternative 3300

Health and Walfare Benefits

3400

Unemployment Insurance

3500

Worker's Compensation

3600

Other Employee Benefits

3900

Total Employee Benefits
BOOKS & SUPPLIES
Approved Textbooks

4100

Books & Other Referance Materials
4200

Materials & Supplies

4300

Noncapitalized Equipment

4400

Food

4700

41,835

41,835

41,835

41,835

41,835

41,835

41,835

41,835

41,835

41,835

41,835

41,835

60,994

60,994

60,994

60,994

60,994

60,994

60,994

60,994

60,994

60,994

60,994

60,994

34,917
6,746
12,840
37,623
8,541
7,550
3,600
111,816

34,917
6,746
12,840
37,623
8,541
7,550
3,600
111,816

34,917
6,746
12,840
37,623
8,541
7,550
3,600
111,816

34,917
6,746
12,840
37,623
8,541
7,550
3,600
111,816

34,917
6,746
12,840
37,623
8,541
7,550
3,600
111,816

34,917
6,746
12,840
37,623
8,541
7,550
3,600
111,816

34,917
6,746
12,840
37,623
8,541
7,550
3,600
111,816

34,917
6,746
12,840
37,623
8,541
7,550
3,600
111,816

34,917
6,746
12,840
37,623
8,541
7,550
3,600
111,816

34,917
6,746
12,840
37,623
8,541
7,550
3,600
111,816

34,917
6,746
12,840
37,623
8,541
7,550
3,600
111,816

34,917
6,746
12,840
37,623
8,541
7,550
3,600
111,816

2,400
15,000
11,400
26,938
55,738

2,400
15,000
11,400
53,877
82,677

2,400
15,000
11,400
53,877
82,677

2,400
15,000
11,400
53,877
82,677

72,000
2,400
15,000
11,400
53,877
154,677

2,400
15,000
11,400
53,877
82,677

2,400
15,000
11,400
53,877
82,677

2,400
15,000
11,400
53,877
82,677

2,400
15,000
11,400
53,877
82,677

2,400
15,000
11,400
53,877
82,677

6,000
1,083
5,663
11,310
62,898
123,959
1,152
212,065

6,000
1,083
5,663
11,310
62,898
123,959
1,152
212,065

6,000
1,083
5,663
11,310
62,898
123,959
1,152
212,065

6,000
1,083
5,663
11,310
62,898
123,959
1,152
212,065

6,000
1,083
5,663
11,310
62,898
123,959
1,152
212,065

6,000
1,083
5,663
11,310
62,898
123,959
1,152
212,065

6,000
1,083
5,663
11,310
62,898
123,959
1,152
212,065

6,000
1,083
5,663
11,310
62,898
123,959
1,152
212,065

72,000
2,400
15,000
11,400
100,800

Total Books & Supplies
SERVICES & OTHER OPERATING EXPENSES

-

502,025
731,930

-

419,002
80,954
154,081
451,474
102,487
90,599
43,200
1,341,796

72,000
2,400
15,000
11,400
26,938
127,738

-

216,000
28,800
180,000
136,800
538,769
1,100,369

6,000
1,083
5,663
11,310
62,898
123,959
1,152
212,065

3,000
1,083
5,663
11,310
62,898
61,979
1,152
147,085

-

60,000
13,000
67,950
135,720
754,776
1,239,587
13,824
2,284,857
25,000
25,000
8,851,518

8,851,518
254,317
254,317

5900

1,152
82,106

3,000
1,083
5,663
11,310
62,898
61,979
1,152
147,085

Capital Outlay

6000

2,083

2,083

2,083

2,083

2,083

2,083

2,083

2,083

2,083

2,083

2,083

2,083

Depreciation

6400

Startup Costs

7000

2,083
638,430

2,083
658,348

2,083
750,266

2,083
750,266

2,083
750,266

2,083
822,266

2,083
750,266

2,083
750,266

2,083
750,266

2,083
750,266

2,083
750,266

2,083
730,348

-

638,430
(26,144)
816,902

658,348
(46,062)
770,840

750,266
196,650
967,490

750,266
(86,006)
881,484

750,266
(86,006)
795,478

822,266
124,650
920,129

750,266
(31,986)
888,143

750,266
(86,006)
802,137

750,266
196,650
998,787

750,266
(86,006)
912,781

750,266
(86,006)
826,775

730,348
270,588
1,097,363

-

Travel & Conferences

5200

Dues & Memberships

5300

Insurance (Umbrella liability)

5400

Operations & Housekeeping

5500

Rentals, Leases, Repairs

5600

Professional/Consulting/Operating
5800

Communications
Total Services & Operating Exp.
CAPITAL OUTLAY

Total 6000 & 7000
TOTAL EXPENDITURES

1,083
5,663
11,310
62,898

Accounts Payable
Other Financial Sources
D. TOTAL CASH OUT
E. NET CASH FLOW
F. ENDING CASH BALANCE

Exhibit 3, Page 8 of 17

CA$H FLOW
Magnolia Science Academy-Anaheim Elementary
2018-2019
PART A
July

ACTUALS THROUGH THE MONTH OF
A. BEGINNING CASH

August

September

October

November

December

January

February

March

April

May

June

PART B

A+B

Accruals

TOTAL

1,097,363

1,072,850

1,040,940

1,156,449

1,084,892

1,013,336

1,042,445

1,026,759

955,202

1,070,711

999,155

927,598

190,851
445,742

190,851
445,742

101,201
190,851
445,742

190,851
445,742

190,851
445,742

101,201
190,851
445,742

190,851
445,742

190,851
445,742

101,201
190,851
445,742

190,851
445,742

190,851
445,742

101,201
190,851
445,742

-

636,593

636,593

737,794

636,593

636,593

737,794

636,593

636,593

737,794

636,593

636,593

737,794

-

404,803
2,290,208
5,348,907
8,043,918

65,292
9,201
11,373
52,312
138,178

52,312
52,312

52,312
52,312

65,292
9,201
11,373
52,312
138,178

52,312
52,312

52,312
52,312

65,292
9,201
11,373
52,312
138,178

52,312
52,312

52,312
52,312

65,292
9,201
11,373
52,312
138,178

-

261,169
36,804
45,491
523,120
866,584

55,870

-

111,740
18,393
450,000
580,133

50,000
50,000
100,000
9,590,635

B. RECEIPTS

REVENUE LIMIT SOURCES
EPA

8012

Property Taxes

8096

Principal Apportionment
PY Adjustment
Total Renenue Limit Sources
FEDERAL REVENUES
Title I

8290

Title II

8290

Title III

8290

-

-

-

-

-

-

-

-

55,870

-

-

-

1,839

1,839

1,839

1,839

1,839

1,839

1,839

1,839

1,839

1,839

NSLP (National Sch Lunch Prog) 8220

Total Federal Revenues
OTHER STATE REVENUES
Lottery

8560

Special Education (AB602)

8311

NSLP (National Sch Lunch Prog) 8520

Prop 39 Clean Energy

8590

Common Core (13-14 only)

8590

Mandate Block Grant

8590

Art & Music Block Grant

8590

Facility Grant

8590

37,500
37,500

37,500
37,500

37,500
39,339

37,500
39,339

37,500
39,339

37,500
39,339

37,500
95,209

37,500
39,339

37,500
39,339

37,500
39,339

37,500
39,339

37,500
95,209

4,167
4,167

4,167
4,167

4,167
4,167

4,167
4,167

4,167
4,167

4,167
4,167

4,167
4,167

4,167
4,167

4,167
4,167

4,167
4,167

4,167
4,167

4,167
4,167

8,333
682,426

8,333
682,426

8,333
923,644

8,333
736,578

8,333
736,578

8,333
923,644

8,333
792,448

8,333
736,578

8,333
923,644

8,333
736,578

8,333
736,578

8,333
979,514

-

682,426

682,426

923,644

736,578

736,578

923,644

792,448

736,578

923,644

736,578

736,578

979,514

-

9,590,635

268,058
38,040

268,058
38,040

268,058
38,040

268,058
38,040

268,058
38,040

268,058
38,040

268,058
38,040

268,058
38,040

268,058
38,040

268,058
38,040

268,058
38,040

268,058
38,040

306,098

306,098

306,098

306,098

306,098

306,098

306,098

306,098

306,098

306,098

306,098

306,098

-

3,216,690
456,482
3,673,172

Clerical and Office Salaries
2400
Other Non Certificated Salaries 2900
Other

23,010
43,089

23,010
43,089

23,010
43,089

23,010
43,089

23,010
43,089

23,010
43,089

23,010
43,089

23,010
43,089

23,010
43,089

23,010
43,089

23,010
43,089

23,010
43,089

Total Classified Salaries

66,098

66,098

66,098

66,098

66,098

66,098

66,098

66,098

66,098

66,098

66,098

66,098

-

276,117
517,064
793,181

Other State Revenues
LOCAL REVENUE
Donation

8610

Fundraising

8615

Other Local Revenues

8699

Other State Revenues
TOTAL REVENUES
Account Receivable
Other Financial Sources
TOTAL CASH IN

C. DISBURSEMENTS

CERTIFICATED SALARES
Teachers' Salaries

1100

Admins' Salaries

1300

Other
Total Certificated Salaries
CLASSIFIED SALARIES

Exhibit 3, Page 9 of 17

EMPLOYEE BENEFITS
STRS

3100

PERS

3200

OASDI / Medicare / Alternative

3300

Health and Walfare Benefits

3400

Unemployment Insurance

3500

Worker's Compensation

3600

Other Employee Benefits

3900

Total Employee Benefits

42,176
7,424
14,272
41,479
11,166
8,226
4,200
128,943

42,176
7,424
14,272
41,479
11,166
8,226
4,200
128,943

42,176
7,424
14,272
41,479
11,166
8,226
4,200
128,943

42,176
7,424
14,272
41,479
11,166
8,226
4,200
128,943

42,176
7,424
14,272
41,479
11,166
8,226
4,200
128,943

42,176
7,424
14,272
41,479
11,166
8,226
4,200
128,943

42,176
7,424
14,272
41,479
11,166
8,226
4,200
128,943

42,176
7,424
14,272
41,479
11,166
8,226
4,200
128,943

42,176
7,424
14,272
41,479
11,166
8,226
4,200
128,943

42,176
7,424
14,272
41,479
11,166
8,226
4,200
128,943

42,176
7,424
14,272
41,479
11,166
8,226
4,200
128,943

42,176
7,424
14,272
41,479
11,166
8,226
4,200
128,943

-

506,114
89,089
171,262
497,750
133,991
98,706
50,400
1,547,312

2,880
18,000
13,680
28,067
62,627

2,880
18,000
13,680
56,134
90,694

2,880
18,000
13,680
56,134
90,694

2,880
18,000
13,680
56,134
90,694

86,400
2,880
18,000
13,680
56,134
177,094

2,880
18,000
13,680
56,134
90,694

2,880
18,000
13,680
56,134
90,694

2,880
18,000
13,680
56,134
90,694

2,880
18,000
13,680
56,134
90,694

2,880
18,000
13,680
56,134
90,694

86,400
2,880
18,000
13,680
28,067
149,027

-

259,200
34,560
216,000
164,160
561,339
1,235,259

4,300
833
6,215
11,330
63,260
127,161
953
214,052

4,300
833
6,215
11,330
63,260
127,161
953
214,052

4,300
833
6,215
11,330
63,260
127,161
953
214,052

4,300
833
6,215
11,330
63,260
127,161
953
214,052

4,300
833
6,215
11,330
63,260
127,161
953
214,052

4,300
833
6,215
11,330
63,260
127,161
953
214,052

4,300
833
6,215
11,330
63,260
127,161
953
214,052

4,300
833
6,215
11,330
63,260
127,161
953
214,052

4,300
833
6,215
11,330
63,260
127,161
953
214,052

2,150
833
6,215
11,330
63,260
63,581
953
148,321

-

43,000
10,000
74,575
135,960
759,118
1,271,612
11,436
2,305,700

27,000
27,000
9,581,623

9,581,623
9,012
9,012

BOOKS & SUPPLIES
Approved Textbooks

4100

Books & Other Referance Materials
4200

Materials & Supplies

4300

Noncapitalized Equipment

4400

Food

4700

86,400
2,880
18,000
13,680
120,960

Total Books & Supplies
SERVICES & OTHER OPERATING EXPENSES

5900

953
82,591

2,150
833
6,215
11,330
63,260
63,581
953
148,321

2,250

2,250

2,250

2,250

2,250

2,250

2,250

2,250

2,250

2,250

2,250

2,250

2,250
706,939

2,250
714,337

2,250
808,134

2,250
808,134

2,250
808,134

2,250
894,534

2,250
808,134

2,250
808,134

2,250
808,134

2,250
808,134

2,250
808,134

2,250
800,737

-

706,939
(24,513)
1,072,850

714,337
(31,911)
1,040,940

808,134
(71,557)
1,084,892

808,134
(71,557)
1,013,336

808,134
(15,687)
1,026,759

808,134
(71,557)
955,202

808,134
(71,557)
999,155

808,134
(71,557)
927,598

800,737
178,777
1,106,375

-

Travel & Conferences

5200

Dues & Memberships

5300

Insurance (Umbrella liability)

5400

Operations & Housekeeping

5500

Rentals, Leases, Repairs

5600

833
6,215
11,330
63,260

Professional/Consulting/Operating5800

Communications
Total Services & Operating Exp.
CAPITAL OUTLAY
Capital Outlay

6000

Depreciation

6400

Startup Costs

7000

Total 6000 & 7000
TOTAL EXPENDITURES
Accounts Payable
Other Financial Sources
D. TOTAL CASH OUT
E. NET CASH FLOW
F. ENDING CASH BALANCE

808,134
115,510
1,156,449

894,534
29,110
1,042,445

808,134
115,510
1,070,711

Exhibit 3, Page 10 of 17

Magnolia Public Schools

2016-2017

2017-2018

2018-2019

2019-2020

2020-2021

Magnolia Science Academy-Anaheim Elementary

Total Enrollment
Total Capacity
Total Revenue
Total Expenses
Carryover from previous year
5% Reserve
Net Income (Loss)
Ending Fund Balance

$
$
$
$
$
$

730
850
8,704,663
7,861,616
393,081
843,047
843,047

$
$
$
$
$
$

755
850
9,105,834
8,851,518
843,047
354,061
254,317
1,097,363

$
$
$
$
$
$

785
850
9,590,635
9,581,623
1,097,363
383,265
9,012
1,106,375

$
$
$
$
$
$

820
850
10,052,311
9,786,821
1,106,375
391,473
265,490
1,371,865

$
$
$
$
$
$

855
850
10,387,402
10,271,475
1,371,865
410,859
115,926
1,487,792

ENROLLMENT
Students
K
1
2
3
Total K-3

130
100
100
100
430

135
120
100
100
455

140
125
120
100
485

140
135
125
120
520

140
135
135
125
535

4
5
6
Total 4-6

100
100
100
300

100
100
100
300

100
100
100
300

100
100
100
300

120
100
100
320

7
8
Total 7-8

0

0

0

0

0

9
10
11
12
Total 9-12

0

0

0

0

0

730

755

785

820

855

Total Enrollment Capacity

850

850

850

850

850

Number of Instructional Days

175

175

175

175

175

Daily Attendance %
Estimated Average Daily Attendance (ADA)

96.20%
702

96.40%
728

96.60%
758

96.80%
794

96.90%
828

Unduplicated Student % (FRL, EL and FY)
# of FR students

90.00%
632

90.00%
655

90.00%
682

90.00%
714

90.00%
746

4,473,772

4,658,734

5,348,907

5,589,603

5,732,994

798,631

793,847

404,803

414,652

425,289

8096 - In Lieu of Property Tax
Rate per student
Total Property Tax

1,955,984

2,138,695

2,290,208

2,463,227

2,610,962

TOTAL FUNDING

7,228,387

7,591,276

8,043,918

8,467,482

8,769,246

Total Enrollment
Prior Year Enrollment

REVENUE & RESOURCES
STATE REVENUE
8011 - State Aid
8012 - Education Protection Account (EPA)

Exhibit 3, Page 11 of 17

FEDERAL REVENUE
No Child Left Behind
Title I
(Part A, Basic Grants Low-Income and Neglected)
Title II
(Title II, Part A, Teacher & Principal Training)
Title III
(Limited-English-proficient and immigrant students)
Title V
(Public Charter Schools Grant Program - PCSGP)
Total Title Funds
Special Education (IDEA)
Rate per ADA
Sp. Ed. Fair Share Contr Rate
Total Sp. Ed. IDEA
(Individuals with Disabilities Education Act, Part B)
NSLP - Federal
(National School Lunch Program)
Rate per FRL student
SBP - Federal
(State Breakfast Program)
Rate per FRL student

$
$

245,918
34,655
42,834

256,086
36,088
44,605

261,169
36,804
45,491

267,524
37,700
46,598

270,066
38,058
47,040

323,408

336,779

343,464

351,821

355,164

-

-

-

-

-

301,954
2.73 $
182,500
1.65 $

312,944
2.73 $
189,142
1.65 $

326,054
2.73 $
197,066
1.65 $

341,297
2.73 $
206,278
1.65 $

356,232
2.73
215,305
1.65

807,862

838,865

866,584

899,396

926,701

148
101,380

148
108,040

148
111,740

148
116,180

148
121,360

-

-

-

-

-

450,000
450,000

450,000
450,000

450,000
450,000

450,000
450,000

450,000
450,000

ASSET (After School Safety and Enrichment for Teens)
Total Federal Revenue

OTHER STATE REVENUE
Lottery
Rate per student
Total Lottery (Prior Year Enrollment*$121)

Special Education - State (AB 602)
Rate per ADA
Sp. Ed. Fair Share Contribution Rate
Total Special Education
Facility Grants
Charter School Facility Grant Program (SB740)
State Charter School Facilities Incentive Grant
Total Facility Grant
NSLP - State
(National School Lunch Program)
Rate per FRL student

$

17,033
0.22 $

17,653
0.22 $

18,393
0.22 $

19,253
0.22 $

20,095
0.22

Prop 39 Clean Energy
ASES (After School Education and Safety)
Start Up Grant
Mandate Block Grant
Common Core Implementation Fund
Total Other State Revenue

568,413

575,693

580,133

585,433

591,455

50,000
50,000

50,000
50,000

50,000
50,000

50,000
50,000

50,000
50,000

100,000

100,000

100,000

100,000

100,000

8,704,663

9,105,834

9,590,635

10,052,311

10,387,402

OTHER LOCAL REVENUE
Student Activities, Field Trips and etc.
Donations
Fundraising
Lunch Fees
BTSA
Computer
All Other Local Revenues
Total Other Local Revenue

TOTAL REVENUE & RESOURCES

EXPENDITURES

Exhibit 3, Page 12 of 17

1000 - Certificated Salary
COLA
1100 - Teachers' Salaries
Full Time Teachers
# of FT Teachers
Avg Salary
Other

1.60%

2.48%

2.87%

2.87%

2.87%

40
55,620
10,000

43
57,289
10,000

45
59,007
15,000

45
60,777
15,000

46
62,601
15,000

Part Time Teachers
# of PT Teachers
Avg Salary

15
25,750

17
26,523

20
27,318

20
28,138

20
28,982

2,621,050

2,924,292

3,216,690

3,312,741

3,474,274

92,700
1,000

95,481
1,500

98,345
1,500

101,296
1,500

104,335
1,500

4
66,950
1,000

5
68,959
1,500

5
71,027
1,500

5
73,158
2,000

5
75,353
2,000

362,500

443,274

456,482

470,586

484,599

2,983,550

3,367,566

3,673,172

3,783,327

3,958,873

6
37,080
500
222,980

6
38,192
750
229,904

7
39,338
750
276,117

7
40,518
1,000
284,628

7
41,734
1,000
293,137

4
63,860
500

5
65,776
750

5
67,749
750

5
69,782
1,000

5
71,875
1,000

4
33,475

5
34,479

5
35,514

5
36,579

6
37,676

389,840

502,025

517,064

532,803

586,433

Total Classified (Non Certified) FTE

10

11

12

12

12

Total # of Full-Time Employees

55

60

63

63

64

Total # of Part-Time Employees

19

22

25

25

26

612,820

731,930

793,181

817,431

879,570

3,596,370

4,099,495

4,466,353

4,600,758

4,838,443

2,585,300
12.58%
325,231

2,903,683
14.43%
419,002

3,108,808
16.28%
506,114

3,202,073
18.13%
580,536

3,360,736
19.10%
641,900

Subtotal 1100 - Teachers' Salaries
1300 - School Administrator Salaries
Principal Salary
Other
# of Deans
Avg Salary of Deans
Other
Subtotal 1300 - School Administrators' Salaries
1000 - Total Certificated Salary

2000 - Classified (Non Certified) Salary
2400 - Clerical and Office Salaries
Classified Admin.
# of Fulltime Office Managers/Admin
Avg Salary
Other
Subtotal 2400 - Clerical and Office Salaries
2900 - Other Non-certificated Salaries
# of full time employees
Average Salary
Other
# of part time employees
Average Salary
Subtotal 2900 Total Part Employees

2000 - Total Classified (Non Certified) Salary
Total Salaries (Total of 1000 & 2000 Series)

3000 - Employee Benefits
3100 - State Teacher Retirement System-STRS
STRS salaries
STRS matching rate
Subtotal 3100 - STRS

Exhibit 3, Page 13 of 17

3200 - Public Employee Retirement System-PERS
PERS salaries
PERS matching rate
Subtotal 3200 - PERS

477,920
14.51%
69,332

558,033
14.51%
80,954

614,113
14.51%
89,089

632,536
14.51%
91,762

651,512
14.51%
94,515

3300 - OASDI / Medicare / Alternative
Social Security Rate
Total Social Security
Medicare/OASDI Rate
Total Medicare/OASDI
Subtotal 3300-OASDI / Medicare / Alternative

6.20%
62,686
1.95%
70,129
132,816

6.20%
74,140
1.95%
79,940
154,081

6.20%
84,168
1.95%
87,094
171,262

6.20%
86,719
1.95%
89,715
176,433

6.20%
91,618
1.95%
94,350
185,968

3400 - Health and Welfare Benefits
Annual expense per full time employee
Total FT Employees
Subtotal 3400 - Health Benefits

7,166
55
394,144

7,525
60
451,474

7,901
63
497,750

8,296
63
522,637

8,711
64
557,480

3500 - Unemployment Insurance
Unemployment Insurance Rate
Subtotal 3500 - Unemployment Insurance

2.50%
89,909

2.50%
102,487

3.00%
133,991

3.00%
138,023

3.00%
145,153

3600 - Worker's Compensation
% of Total Salaries
Subtotal 3600 - Worker's Compensation

2.21%
79,480

2.21%
90,599

2.21%
98,706

2.21%
101,677

2.21%
106,930

3900- Other Employee Benefits
Unused Personel/Sick day compensation
Rate per unused/sick day
Average of unused/sick days per FTE

39,600
90
8

43,200
90
8

50,400
100
8

50,400
100
8

56,320
110
8

All Other Employee Benefits
Subtotal 3900 - Other Employee Benefits

39,600

43,200

50,400

50,400

56,320

3000 - Total Employee Benefits

1,130,511

1,341,796

1,547,312

1,661,468

1,788,266

Total Salaries & Benefits (1000,2000, 3000)

4,726,881

5,441,291

6,013,664

6,262,226

6,626,709

120,000
60,000
180,000

144,000
72,000
216,000

172,800
86,400
259,200

120,000
60,000
180,000

120,000
60,000
180,000

6,000
6,000
12,000
24,000

7,200
7,200
14,400
28,800

8,640
8,640
17,280
34,560

10,368
10,368
20,736
41,472

12,442
12,442
24,883
49,766

36,000
24,000
30,000
60,000
150,000

43,200
28,800
36,000
72,000
180,000

51,840
34,560
43,200
86,400
216,000

36,000
24,000
30,000
60,000
150,000

36,000
24,000
30,000
60,000
150,000

36,000
18,000

43,200
21,600

51,840
25,920

20,000
10,000

20,000
10,000

4000 - Books and Supplies
4100 - Approved Textbooks & Curricula Materials
Textbooks
Other books
Subtotal 4100 - Approved Textbooks & Curricula Materials
4200 - Books and Other Reference Materials
Map Test
Accelerated Reading
Accelerated Math
Other
Subtotal 4200 - Books and Other Reference Materials

4300 - Materials & Supplies
Office & Classroom Supplies
IT Materials & Softwares
Janitorial Supplies
Other Supplies
Subtotal 4300 - Materials & Supplies
4400 - Equipment
Computers
Tablets

Exhibit 3, Page 14 of 17

Projectors
Smart Boards
Furnitures
Science Lab
Other Materials/Equipments
Subtotal 4400 - Equipment

12,000
12,000
6,000
6,000
24,000
114,000

14,400
14,400
7,200
7,200
28,800
136,800

17,280
17,280
8,640
8,640
34,560
164,160

10,000
5,000
3,000
3,000
10,000
61,000

10,000
5,000
3,000
3,000
10,000
61,000

632
$1.70
$3.00
519,848

655
$1.70
$3.00
538,769

682
$1.70
$3.00
561,339

714
$1.70
$3.00
587,581

746
$1.70
$3.00
613,293

987,848

1,100,369

1,235,259

1,020,053

1,054,060

5200 - Travel & Conferences
Charter Schools Conference annual cost
CDE Workshops and Charter School Training
Other conferences, trainings and workshops
Subtotal 5200 - Travel & Conferences

10,000
20,000
30,000
60,000

10,000
20,000
30,000
60,000

8,000
15,000
20,000
43,000

3,000
3,000
5,000
11,000

3,000
3,000
5,000
11,000

5300 - Dues & Memberships
WASC Accrediting
CCSA Membership Fee
Other
Subtotal 5300 - Dues & Memberships

4,000
5,000
4,000
13,000

4,000
5,000
4,000
13,000

3,000
4,000
3,000
10,000

2,000
2,500
2,000
6,500

2,000
2,500
2,000
6,500

5400 - Insurance (Umbrella liability)
Cost per student
Subtotal 5400 - Insurance (Umbrella Liability)

85
62,050

90
67,950

95
74,575

100
82,000

105
89,775

150
3,750
5,250
750
54,261

160
4,000
5,500
900
126,720

180
4,000
5,500
900
126,960

200
4,500
5,500
900
133,200

200
5,000
6,000
900
145,200

750
9,000

750
9,000

750
9,000

750
9,000

750
9,000

63,261

135,720

135,960

142,200

154,200

60,000
720,000

60,000
720,000

60,000
720,000

70,000
840,000

70,000
840,000

600
7,200

720
8,640

864
10,368

1,037
12,442

1,244
14,930

3
660
23,760

3
726
26,136

3
799
28,750

3
878
31,625

4
966
46,383

750,960

754,776

759,118

884,066

901,313

4700 - Food
Number of eligible students
Breakfast cost per FRL student
Lunch cost per FRL student
Subtotal 4700 - Food
4000 - Total Books and Supplies

5000 - Services & Other Operating Expenses

5500 - Operations & Housekeeping
Utilities cost per month
Gas
Water
Electric
Garbage
Subtotal Utilities
Janitorial Services
Cost per month
Subtotal Janitorial Services
Subtotal 5500 - Operations & Housekeeping
5600 - Rentals, Leases, Repairs & NonCap Improvements
Facility Rent
Cost per month
Subtotal Rent
Maintenance & Repairs
Cost per month
Subtotal Maintenance & Repairs
Equipment Lease
# of copiers
Monthly cost per copier
Subtotal Equip Lease
Subtotal 5600 - Rentals, Leases, & Repairs

Exhibit 3, Page 15 of 17

5800 - Professional/Consulting Serv and Operating Expenses
Annual Audit
Interest
Bank Service Charges
Tenant Improvement Interest
Monthly Payroll Fees
PUC Service Fee
Subtotal Accounting

10,000

10,000

8,000

6,000

6,000

1,200

1,500

1,500

1,800

1,800

400

400

500

500

500

16,000

16,300

15,500

13,800

13,800

2,000
24,000

2,000
24,000

2,000
24,000

2,000
24,000

2,000
24,000

11.00%
806,274

11.00%
846,925

11.00%
897,122

11.00%
944,203

11.00%
977,967

Student Activities, Field Trips and etc.

25,000

25,000

25,000

30,000

30,000

Legal Services

50,000

50,000

20,000

15,000

15,000

Substitute Teachers
% teacher absence
Avg Daily Sub Pay
Subtotal Substitute Teacher Fees

5.00%
200
70,000

5.00%
200
75,250

5.00%
200
78,750

5.00%
200
78,750

5.00%
200
80,500

BTSA Program
# of Teachers in Program
Per Teacher Cost
Subtotal Other Consultants

7
4,000
28,000

8
4,000
32,000

8
4,500
36,000

9
4,500
40,500

9
4,500
40,500

Professional Development

10,000

10,000

10,000

15,000

15,000

300
3,600

350
4,200

400
4,800

450
5,400

500
6,000

50,000

50,000

50,000

50,000

50,000

2,500

2,500

2,500

3,000

3,000

30,000

30,000

30,000

36,000

36,000

1.00%

1.00%

1.00%

1.00%

1.00%

72,284

75,913

80,439

84,675

87,692

410,616

1,239,587

1,271,612

1,337,328

1,376,459

500
6,000

552
6,624

553
6,636

554
6,648

555
6,660

Advertising / Community Outreach
Monthly cost
Subtotal Advertising
Business Service by MERF
11% of total revenue (maximum allowed due to 5% reserve)
Subtotal Business Services

Security
Monthly cost
Subtotal Security
Special Education Cost
Special Education Fair Share Contribution
Technology Support(CoolSIS)
Cost per month
Software Licensing (This will include Office, computer lab softwares etc.)

Subtotal Technology Services
Other Professional Services
% of Revenue
Other Fees
District Oversight Fee
Subtotal 5800 - Professional/Consulting Serv & Operating Srv

5900 - Communications
Internet / Phone
Monthly cost
Subtotal Internet / Phone

Exhibit 3, Page 16 of 17

Postage & Delivery
Monthly Cost
Subtotal Postage & Delivery

500
6,000

600
7,200

400
4,800

400
4,800

400
4,800

Subtotal 5900 - Communications

12,000

13,824

11,436

11,448

11,460

1,371,887

2,284,857

2,305,700

2,474,542

2,550,707

25,000
750,000
775,000

25,000

27,000

30,000

40,000

25,000

27,000

30,000

40,000

7,861,616

8,851,518

9,581,623

9,786,821

10,271,475

5000 - Total Services & Other

6000 - Capital Outlay
6400 - Depreciation
6000 - Total Capital Outlay
7000 - School Startup Costs
6000 & 7000

TOTAL EXPENDITURES

Exhibit 3, Page 17 of 17