Saint Louis Public SchoolsDecember 2008 Monthly Financial Report

December 2008 EXECUTIVE SUMMARY

FISCAL YEAR 2008-2009Financial Report

December 2008 Year To Date

December 2008 Financials

Current Proposed Budget Budget

(Amendment #3)

July 1, 2008-Beginning Fund Balance ($10,509) ($12,373)

REVENUE $328,855 $305,681EXPENDITURE $347,979 $342,238

Net ADD/(DEPLETION) of Reserves ($19,124) ($36,557)

June 30, 2009-Ending Fund Balance ($29,633) ($48,930)

Current VS Proposed Current VS Proposed BudgetBudget

December 2008 Financials

Current Proposed July 1, 2008-Beginning Fund Balance ($10,509) ($12,373)

REVENUE $328,855 $305,681EXPENDITURE $347,979 $342,238

Beginning Fund Balance: ($ 1.8M)

•Excess Special Ed/VICC costs

Revenue Decrease, ($23.2M)•Charter enrollment•Proposition C•Property Sales•Interest Income•E-Rate

Net Expenditure Decrease, $ 5.7M •Salary and Benefit Savings•Increases: Excess Special Ed., Legal, MGT

Current VS Proposed Budget, Current VS Proposed Budget, cont’dcont’d

December 2008 Financials

Budget Amendment #3Budget Amendment #3

December 2008 Financials

DESE/Charter Schools

Program Subsidies

Legal Settlements & Unanticipated Costs

Tax Revenues

FY 09-10 Budget•Economic Outlook•SLPS/Charter School Enrollment•Staffing & Facilities

Concerns & Risks: Concerns & Risks: FY 2008-09

December 2008 Financials

GOB Projected Cash Balance: July 2008 to June 2009 (in millions)

GOB Unrestricted Fund Balance: December 2008 (in thousands)

$36.6 M Deficit Spend

December 2008 Financials

Spending/Hiring Freeze

Leverage Non GOB Funding

Program Evaluation

District Right Sizing, Staffing Realignment

Budget Deficit Initiatives/Proposed StrategiesBudget Deficit Initiatives/Proposed Strategies

Saint Louis Public SchoolsDecember 2008 Monthly Financial Report

December 2008 EXECUTIVE SUMMARY

December 2008 Financials

General Operating Revenue ($M)