District Finance Information March 1, 2011 2010-11 Expenditure - PDF document

Appendix I - District Financial Picture District Finance Information March 1, 2011

 2010-11 Expenditure Budget = $24,720,775 2010-11 Arrowhead Union High School District General Fund and Capital Expansion Fund Expenditures 0.00% Capital Expansion Fund 1.88% B & G Supplemental 1.53% SUPPLEMENTAL 6.12% SPECIAL EDUCATION 16.07% CONTINUING 0.59% OPEB TRUST 73.80% PERSONNEL 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% 80.00%

 2010-11 Revenue Budget = $24,720,775 2010 2010-11 11 ARROWHEAD WHEAD UN UNIO ION HIG N HIGH H SC SCHO HOOL OL DISTRIC ISTRICT T GENERA GENERAL L FU FUND ND AND ND CAPIT PITAL L EX EXPANSI NSION ON FU FUND ND REV EVENUES ENUES 3.99% 3.99 OTHER SOURCES 0.47 0.47% FEDERAL SOURCES 20 20.60% .60% STATE SOURCES 74.94% 74 .94% LOCAL SOURCES 0.00% 20.00% 40.00% 60.00% 80.00%

ARROWHEAD UNION HIGH SCHOOL DISTRICT STATE AID REIMBURSEMENT 10,000,000 9,000,000 8,000,000 7,000,000 6,709,072 7,070,773 8,321,029 5,690,319 6,000,000 8,588,983 State Aid Amount 7,696,560 4,826,830 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 0

General Fund Balance on June 30, 2010 is $5,564,988  Used to avoid excessive short term borrowing thereby avoiding  associated interest expense (Arrowhead’s General Fund Balance is $5,564,988 yet the district is borrowed $3,700,000 in 2010-11 to meet cash flow requirements) Uses of General Fund Balance can include “one time”  expenditures or emergency expenditures General Fund Balance demonstrates financial stability and  therefore preserves or enhances the district’s bond rating. Thus saving long term borrowing interest expense. The district’s projected General Fund Balance of $5,564,988 offsets  district liabilities including Other Post Employment Benefits A prudent business practice would be to retain three months of  expenditures as working cash. Three months of general fund expenditures at AHS amounts to approximately $6,180,194

2010-11 General Fund $17,637,885 Long Term Debt $2,003,514 Capital Expansion Fund $0 Community Service $15,000 TOTAL $19,656,399

 FACTORS  Per Pupil Cost adjusted annually (-500, -$250, $200, $274)  Three year Rolling Average Enrollment change  State Equalization Aid Reimbursement  Community Service Tax Levy  Referendum Approved Debt Service Tax Levy

 Aa1 Rating (next highest rating is Aaa, which only six districts in the state have)  Only 11 districts in the state have Aa1 Moody’s rating (207 districts have Moody’s ratings)  Factors contributing to the Aa1 Moody’s rating include: solid reserve levels, large tax base, low debt burden