1. Financial Report • Summary Financial Report for the General Operating Funds of the Brunswick City School District Year Ended June 30, 2012 • Presented by: Patrick K. East, Treasurer/CFO Year End Summary Financial Presentation

2. Cash Balances June 30, 2012 • General Fund Ending Cash Balance $7,902,525 • Unencumbered Cash Balance $7,333,839 Year End Summary Financial Presentation

3. Days of Operating Cash • Based on a 240 day Operating Year, our ending General Fun Cash Balance had an equivalent reserve to cover: 26 Days Year End Summary Financial Presentation

4. Estimates to Actual • General Fund Estimated Resources to Actual Revenue: • Total Revenue $62,077,000 1.15% Over Year End Summary Financial Presentation

5. Estimates to Actual • General Fund Estimated Expenditures to Actual Expenditures & Encumbrances: • Total Expenditures $66,801,000 0.63% Over Year End Summary Financial Presentation

6. Unencumbered Cash Year End Summary Financial Presentation FY 2013 $1,129,000 est FY 2012 $7,333,000 FY 2011 $11,137,000 FY 2010 $11,693,000 FY 2009 $9,889,000 FY 2008 $5,948,000 FY 2007 $1,961,000 FY 2006 $1,547,000

7. Basic State Aid Year End Summary Financial Presentation FY 2013 $20,015,000 est FY 2012 $20,592,000 FY 2011 $19,984,000 FY 2010 $20,676,000 FY 2009 $22,275,000 FY 2008 $22,249,000 FY 2007 $22,296,000 FY 2006 $22,298,000

8. Personal Property Taxes Year End Summary Financial Presentation FY 2013 $ 816,000 est FY 2012 $ 827,000 FY 2011 $ 825,000 FY 2010 $ 888,000 FY 2009 $1,668,000 FY 2008 $2,601,000 FY 2007 $3,423,000 FY 2006 $3,692,000

9. Personal Property Reimbursement (HB 66) Year End Summary Financial Presentation FY 2013 $ none FY 2012 $ 932,000 FY 2011 $2,222,000 FY 2010 $2,182,000 FY 2009 $1,854,000 FY 2008 $1,024,000 FY 2007 $ 770,000 FY 2006 $ 129,000

10. General Fund – Federal Stimulus Money Year End Summary Financial Presentation FY 2013 $ none FY 2012 $ 1,186,000 FY 2011 $ 1,698,000 FY 2010 $ 1,398,000 FY 2009 $ none FY 2008 $ none FY 2007 $ none FY 2006 $ none

11. Sources of Revenue • Real & Personal Property Tax 53.4% • State Basic Aid 33.2% • Federal Aid (ARRA) 2.0% • Other State Aid 9.4% • Local Sources 2.0% Year End Summary Financial Presentation

12. Expenditures • Salaries & Benefits 85.5% • Purchased Services 7.6% • Supplies & Equipment 4.3% • Other Expenditures 2.6% Year End Summary Financial Presentation

13. General Fund – Estimated Cash Balances Year End Summary Financial Presentation Five Year Forecast • FY 2013 $ 1,129,000 • FY 2014 ($ 5,152,000) • FY 2015 ($ 13,599,000) • FY 2016 ($ 24,348,000) • FY 2017 ($ 37,541,000)

14. Financial Forecast