May 2009 FINANCIAL SUMMARY

Saint Louis Public SchoolsMay 2009 Monthly Financial Report

FISCAL YEAR 2008-2009Financial Report

May 2009 Year-To-Date

Saint Louis Public Schools March 2009 Monthly Financial Report 26/25/2009 12:17 PM

FY08-09 Projection Highlights:Revenues $312.8M

Revenues are tracking $ 7.1M above the current budget due to property taxes and prior year adjustments.

Expenditures $348.1MExpenditures are tracking $ 5.9M above the current budget due to raises.

Deficit Spend $ 35.3MThe deficit spend is tracking $1.2M below the current budget.

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Current Revenue Budget: $305.7MProjected Revenue: $312.8M

◦Local: +1.5M◦State: +6.0M◦Federal: -0.4M

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Current Expenditure Budget: $342.2M

Projected Expenditures: $348.1M◦Payroll Related:

+8.5M◦Professional & Property Svcs: -

2.0M◦Transportation: -

1.1M◦Operating Expenditures:

+0.4M

+5.8M

Projected Deficit Spend: $ 35.3M

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July 1, 2008-Beginning Fund Balance ($12,373)

REVENUE $305,681 Local ………

$203,372 County ………

2,911 State

……… 92,738 Federal ………

6,660

EXPENDITURE $342,238 Payroll ………

$217,556 Non-Payroll ……

124,682

Net ADD/(DEPLETION) of Reserves ($36,557)

June 30, 2009-Ending Fund Balance ($48,930)

Current VS Projected Year End Budget Current VS Projected Year End Budget - GOB- GOB

(in thousands)(in thousands)

($12,373)

$312,754 $204,851 2,862 98,743 6,298

$348,103 $226,027 122,076

($35,349)

($47,722)

Current Budget Projected Budget

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GOB Unrestricted Fund Balance: May 2009 (in thousands)

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Saint Louis Public SchoolsFY 2008 - 2009

MAY 2009Federal Funds

in thousands

CURRENT BUDGET 2008-2009

ACTUAL MAY YTD

Beginning Fund Balance 4,278$ 4,278$

Revenue:Local Revenues 1,218 1,138 State Revenues 6,325 681 Federal Revenues 53,366 31,133

Total Revenues 60,909$ 32,952$

Salary & Benefit Expenditures:Salaries 30,606$ 23,035$ Benefits 10,030 8,575

Salary & Benefit Expenditures 40,636$ 31,610$

Non-Payroll Expenditures:Purchased/Professional Services 10,991$ 5,798$ Operational Expenditures 3,187 1,066 Supplies 5,168 1,449 Equipment 880 19 Debt Obligations 321 143

Non-Payroll Expenditures 20,546$ 8,476$ Total Expenditures 61,182$ 40,086$

Net Add. / (Depletion) of Reserves (273)$ (7,134)$

Ending Fund Balance - Federal (1) 4,005$ (2,800)$ 1. Ending Fund Balances are unaudited.2. Variances due to rounding

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Saint Louis Public SchoolsFY 2008 - 2009

MAY 2009Capital Funds

in thousands

CURRENT BUDGET 2008-2009

ACTUAL MAY YTD

Beginning Fund Balance 120,530$ 119,792$

Revenues:Local Revenues 527 166 State Revenues 10,000 10,000 Other Sources 39,000 40,745

Gross Revenues 49,527$ 50,911$

Salary & Benefit Expenditures:Salaries 332$ 231$ Benefits 94 70

Salary & Benefit Expenditures 426$ 301$

Non-Payroll Expenditures:Purchased/Professional Services 370$ 360$ Building Improvement 24,636 20,734 Operational Expenditures 80 69 Equipment 34 - Debt Obligations - -

Non-Payroll Expenditures 25,120$ 21,163$ Total Expenditures 25,545$ 21,464$

Net Add. / (Depletion) of Reserves 23,982$ 29,447$

Ending Fund Balance - Capital 144,512$ 149,239$

1. Variances due to rounding2. Ending Fund Balances are unaudited

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Saint Louis Public SchoolsFY 2008 - 2009

MAY 2009Debt Service

in thousands

CURRENT BUDGET

2008 -2009

ACTUAL MAY YTD

Beginning Fund Balance 29,502$ 29,502$

Revenues:Local Revenues 27,079$ 26,619$ County Revenues 390 8 Other Sources - -

Gross Revenues 27,470$ 26,627$

Non-Payroll Expenditures:Debt Obligations 30,273 27,698

Total Expenditures 30,273$ 27,698$

Net Add. / (Depletion) of Reserves (2,804)$ (1,072)$ Ending Fund Balance-Debt Svc (1) 26,698$ 28,430$ 1. Ending Fund Balances are unaudited.2. Variances due to rounding

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Saint Louis Public SchoolsFY 2008 - 2009

MAY 2009Food Service

in thousands

CURRENT BUDGET 2008-2009

ACTUAL MAY YTD

Beginning Fund Balance -$ -$

Revenues:Local Revenues 951 643 State Revenues 107 - Federal Revenues 12,213 8,189

Total Revenues 13,270$ 8,832$

Salary & Benefit Expenditures:Salaries 85$ 76$ Benefits 9 7

Salary & Benefit Expenditures 94$ 83$

Non-Payroll Expenditures:Purchased/Professional Services 13,161 10,005 Supplies 10 10 Equipment - - Debt Obligations - - Operational Expenditures 4 3

Non-Payroll Expenditures 13,176$ 10,018$ Total Expenditures 13,270$ 10,100$

Net Add. / (Depletion) of Reserves -$ (1,268)$

Transfer from GOB 1,075$

Ending Fund Balance-Food Svc (1) (193)$ 1. Ending Fund Balances are unaudited.2. Variances due to rounding

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Saint Louis Public SchoolsFY 2008 - 2009

MAY 2009Trust & Agency Funds

in thousands

CURRENT BUDGET 2008-2009

ACTUAL MAY YTD

Beginning Fund Balance 5,909$ 4,842$

Revenues:Local Revenues 480 1,785 State Revenues 649 1,048 Other Sources 1,416 -

Gross Revenues 2,546$ 2,833$

Salary & Benefit Expenditures:Salaries 688$ 709$ Benefits 341 268

Salary & Benefit Expenditures 1,029$ 977$

Non-Payroll Expenditures:Purchased/Professional Services 590$ 219$ Supplies 534 94 Equipment 117 35 Operational Expenditures 276 125

Non-Payroll Expenditures 1,517$ 473$ Total Expenditures 2,546$ 1,449$

Net Add. / (Depletion) of Reserves (0)$ 1,383$

Transfer from GOB -$ -$

Ending Fund Balance - Trust (1) 5,908$ 6,226$ 1. Ending Fund Balances are unaudited.2. Variances due to rounding