06/06/2017 Executive Summary FY17 Amendment 3 Page 1

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1 OAKLAND SCHOOLS Fiscal Year Budget Amendment #3 EXECUTIVE SUMMARY (As Presented By Fund) FUNDING OVERVIEW INFORMATION: Operational funding for Oakland Schools is categorized into four broad revenue sources. The four types of revenue sources are local source, state source, federal source, and other financing source revenues. Local source revenues include items such as locally levied property taxes, revenue from shared services, program-based fees, and investment revenues. State source revenues include state aid allowance funds, categorical funding, and other state funded grants. Federal source revenues are comprised of federally issued grants and a federal interest subsidy in the QSCB Construction Reserve Fund. Other financing source revenue examples include operating transfers between funds, bond proceeds, tuition, and indirect revenues. The main funding source for each of Oakland s three major operating funds (General Education, Special Education, and Career Focused Education) is local source revenues, specifically, property taxes. The District s general education, special education and vocational education total approved local property tax levies for the fiscal year, are.1985 mills, mills and.6176 mills, respectively. WHAT S NEW? The What s New? section of this document highlights significant additions, reductions or changes pertaining to the financial structure and operation of the district. Following this section, fund-oriented sections will contain fund specific data. The changes herein reflect all anticipated and estimable changes to the budget since the 2 nd Amendment was approved on March 28, State aid revenue budgets in the General Education Fund (GEF), Special Education Fund (SEF) and Career Focused Education Fund (CFEF) have been revised to reflect the current State Aid Status Report from May Included in these updates are the Unfunded Actuarial Accrued Liability (UAAL) budget adjustments, which have no revenue and expenditure net impact; All employee salary/wage and employee benefits expenditure budgets have been reviewed and updated to reflect year end expectations; Other sources of income were updated including but not limited to interest income, indirect revenue, cooperative purchasing, online educational program tuition and workshop revenue; While there were several new FTE s approved since Amendment 2, there were an equal number of eliminated positions and no material budget adjustments were required for salaries and benefits related to these changes; The following operating transfers were added or adjusted: 06/06/2017 Executive Summary FY17 Amendment 3 Page 1

2 Added an operating transfer from the GEF to the Collaborative Program Development Initiative (CPDI) Fund within the ONE Fund (271) of up to $1,600,000; Increased the operating transfer from the GEF to the Administration Building Capital Projects Fund (406) by $200,000; Increased the operating transfer from the SEF to the Administration Building Capital Projects Fund (406) by $96,000; Increased the operating transfer from the CFEF to the Administration Building Capital Projects Fund (406) by $104,000; Increased the operating transfer from the CFEF to the CFE Campus Renovations Capital Projects Fund (404) by $1,500,000. Adjustments were made to salary and benefits accounts to utilize available grants funds; An analysis of the Risk Related Activities Fund (RRAF) has been completed for all activity through the first 10 months of the fiscal year. Any adjustments to anticipated insurance and other benefit costs and the contributions to the RRAF from the other district funds have been updated. Any significant impact to the individual funds has been made in this amendment; All funds have experienced multiple operating budget changes based on the Executive Director/Director or Dean s final review of their operational budgets and their expectations for the remainder of the fiscal year; Funding for estimated compensated absences through June 30, 2017 has been added to all funds. FUND BALANCE BUDGET CHANGES: Each fund s budgeted FY 2017 year-end fund balance has been adjusted to reflect the results of the operational revenue and expenditure budget changes included in this document. Commentary on fund balance changes between the original adopted budgets and the amended budgets are summarized below: General Education Fund (Fund 100): The original adopted budget contained an operating deficit of $(1,095,900). The 1 st Amendment budget contained an operating deficit $(1,018,400) and the 2 nd Amendment budget contained an operating deficit of $(625,400). The 3 rd amendment budget increases the operating deficit by $1,077,600 to $(1,703,000). The unassigned fund balance represents 14% of total budgeted expenditures. The total 3 rd Amendment budgeted ending fund balance is $3,207,500. The chart below depicts the fiscal year budgeted ending fund balance progression from the adopted budget to the 3 rd Amendment budget balances: Adopted Budget Amendment 1 Budget Amendment 2 Budget Amendment 3 Budget Unassigned $ 2,910,700 $ 3,817,300 $ 4,210,300 $ 3,132,700 Non-Spendable Prepaids & Inventory 47,100 74,800 74,800 74,800 Total Budgeted Ending Fund Balance $ 2,957,800 $ 3,892,100 $ 4,285,100 $ 3,207,500 06/06/2017 Executive Summary FY17 Amendment 3 Page 2

3 Special Education Fund (Fund 200): The adopted budget contained an operating surplus of $1,392,000. The 1 st Amendment budget contained an operating deficit of $(2,145,300) and the 2 nd Amendment budget contained an operating deficit of $(1,386,400). The 3 rd amendment budget decreases the operating deficit by $337,500 to $(1,048,900). The restricted special education fund balance of $874,700 represents.6% of budgeted total expenditures and 5.0% of budgeted Oakland Schools operating expenditures net of LEA transfers and program subsidies. The total 3 rd Amendment budgeted ending fund balance is $8,091,800. The chart below depicts the fiscal year budgeted ending fund balance progression from the adopted budget to the 3 rd Amendment budget balances: Adopted Budget Amendment 1 Budget Amendment 2 Budget Amendment 3 Budget Restricted $ 934,400 $ 920,200 $ 1,679,100 $ 874,700 Non-Spendable Prepaids & Inventory 40,700 35,400 35,400 35,400 Restricted for future SE ctr facility ren 6,039,800 6,039,800 6,039,800 7,181,700 Total Budgeted Ending Fund Balance $ 7,014,900 $ 6,995,400 $ 7,754,300 $ 8,091,800 Career Focused Education Fund (Fund 600): The adopted budget contained an operating deficit of $(1,312,700). The 1 st Amendment budget contained an operating deficit of $(1,697,400) and the 2 nd Amendment budget contained an operating deficit of $(906,400). The 3 rd amendment budget increases the operating deficit by $1,123,700 to $(2,030,100). The restricted fund balance of $4,806,300 represents 12% of total budgeted expenditures. The total 3 rd Amendment budgeted ending fund balance is $4,875,800. The chart below depicts the fiscal year budgeted fund balance progression from the adopted budget to the 3 rd Amendment budget balances: Adopted Budget Amendment 1 Budget Amendment 2 Budget Amendment 3 Budget Restricted $ 3,862,200 $ 3,939,000 $ 5,930,000 $ 4,806,300 Non-Spendable - Prepaids & Inventory 90,800 69,500 69,500 69,500 Restricted - Career Readiness Campus - 1,200, Total Budgeted Ending Fund Balance $ 3,953,000 $ 5,208,500 $ 5,999,500 $ 4,875,800 06/06/2017 Executive Summary FY17 Amendment 3 Page 3

4 REVENUE BUDGET CHANGES: During the course of a given fiscal year each of the ISD s funds will experience several revenue budget changes; some minor and others more significant in nature. With respect to this Executive Summary document and the analysis that has gone into it we will be presenting, at a minimum, discussion on only the significant budget changes. We continue to define, for the purposes of this document, significant to mean a change in the revenue line item total of $25,000 and 25.0%. In addition to the significant budget changes as previously defined, items of particular interest will also be presented regardless of the numerical magnitude of the change. General Education Fund Revenue: Total General Education Fund revenue increased by a net $277,300 or 1.4%. The new total revenue budget is $20,123,300. The following information represents the breakdown of significant changes by revenue source for the General Education Fund. Local Sources: Total Local Source revenue increased by a net $295,500 or 2.1% to $14,178,300. Local source revenue represents 70.5% of total General Education Fund revenue. Highlights of the local source revenue budget changes include but are not limited to the following line items: Property Taxes revenue increased $114,600 based on new estimates of delinquent tax payouts from Oakland County and reimbursement of personal property tax from the Local Community Stabilization Authority; Learning Services GenNet revenue was increased based on anticipated participation in the current year. This has a corresponding expenditure in department 028; Cooperative Program revenue (AEPA) was updated to reflect anticipated year end results. The decrease relates primarily to two vendors which are generating less revenue for the organization. One vendor was doing emergency building repairs in Pontiac in prior years, which is no longer occurring; the second vendor has a new representative assigned to our area, so purchasing officials will be meeting with that vendor representative to determine the source of the reduced revenue. State Sources: State Source revenue of $5,081,300 reflects the state aid funding per the May 2017 State Aid Status Report to be received in FY The only significant change to state revenues is the minor decrease in the Unfunded Actuarial Accrued Liability (UAAL) revenue, which contains an offsetting UAAL expenditure decrease, with no net impact. State Source revenue represents 25.2% of total General Education Fund revenue. 06/06/2017 Executive Summary FY17 Amendment 3 Page 4

5 Other Financing Sources: Other Financing Source revenue is unchanged in the 3 rd Amendment and totals $863,700. This category of revenue contains operating transfers, including a portion of indirect revenue received on shared services engagements, along with indirect revenue received from grant funds. Other Financing Source revenue represents 4.3% of total General Education Fund revenue. Special Education Fund Revenues: Total revenue increased by $1,799,800 or 1.3% to a new total revenue budget of $138,880,000. The following information represents the breakdown of significant changes by revenue source for the Special Education Fund. Local Sources: Total Local Source revenue increased by a net $1,520,300 or 1.1% to $134,513,900. Highlights of the local source revenue budget changes include but are not limited to the following line items: Property Taxes revenue increased $1,485,800 based on new estimates of delinquent tax payouts from Oakland County and reimbursement of personal property tax from the Local Community Stabilization Authority; Interest income increased due to an increase in interest rates, along with an updated investment strategy with the organization s investment advisor which more closely matches the Special Education Fund tax receipts and PA-18 outflows with an investment maturity schedule; Workshop revenues were reduced due to the timing of events conducted and changes in professional learning offerings from year to year. State Sources: State Source revenue of $4,169,100 reflects the state aid funding per the May 2017 State Aid Status Report to be received in FY Updates include payments and tuition deductions for the Michigan School for the Deaf/Blind which is based on current year enrollment, UAAL allocations as well as section 51a allocations. Original 51a budget estimates were based on special education costs when the budget was developed; however the actual special education costs increased over levels, causing the state aid revenue for that categorical to increase. The change in this amendment reflects a prior year adjustment to state aid for this categorical. Other Financing Sources: Indirect revenue was updated based on anticipated grant spending for the remainder of the fiscal year. 06/06/2017 Executive Summary FY17 Amendment 3 Page 5

6 Career Focused Education Fund Revenue: Total revenue increased by $160,100 or.4% to a new total revenue budget of $37,496,300. The following information represents the breakdown of significant changes by revenue source for the Career Focused Education Fund. Local Sources: Local Source revenue increased by $302,100 or.9% primarily due to the following items: Property Taxes revenue increased $362,000 based on new estimates of delinquent tax payouts from Oakland County and reimbursement of personal property tax from the Local Community Stabilization Authority; Program revenue decreased by $35,000 to amounts consistent with prior year revenues, less the decrease in Agriscience revenue at the Southeast campus, due to that program being discontinued; Early College tuition is being reduced by $44,000 to reflect actual enrollment; this program was new beginning in FY17 and enrollment was lower than predicted. Local Source revenue represents 88.5% of total revenues of the CFEF. State Sources: State Source revenue decreased by $120,500 or 2.8% due to updated UAAL allocations and the movement of Section 61c and Section 61b categoricals out of this fund and into the Grant and Funded Projects Fund (Fund 605) to allow for ease of tracking and reporting of these categoricals. State Source revenue represents 11.2% of total revenues of the CFEF. Other Financing Sources: Other Financing Source revenue was reduced by $21,500 to reflect anticipated indirect revenue on grants. This category of revenue represents.3% of total revenues of the CFEF. EXPENDITURE BUDGET CHANGES: During the course of a given fiscal year each of the ISD s funds will experience several expenditure budget changes. Some minor and others more significant in nature. With respect to this Executive Summary document and the analysis that has gone into it we will be presenting, at a minimum, discussion on only the significant budget changes. We continue to define, for the purposes of this document, significant to mean a change in the aggregate departmental budget total of $25,000 and 25.00%. In addition to the significant budget changes as previously defined, items of particular interest will also be presented regardless of the numerical magnitude of the change. 06/06/2017 Executive Summary FY17 Amendment 3 Page 6

7 General Education Fund Expenditures: Total budgeted expenditures have increased by a net total of $1,354,900 or 6.6% to a new total expenditure budget of $21,826,300. The following information represents the breakdown of significant changes by operational category and department for the General Education Fund. The Administration continues to be focused on prudent fund balance management strategies. General Administration: The General Administration category of budgeted expenditures has decreased by $147,900 or 7.4% to $1,838,800. The General Administration category of expenditures represents 8.4% of total General Education Fund expenditures. Expenditures in this category decreased primarily due to the reallocation of budget from Human Resources (083) for certain risk-related activities to other departments throughout the organization. Certain expenditure budgets, such as compensated absences and benefits-related professional services are contained in the HR budget until the final Risk Related Activity Fund analysis is done near year end, and then the anticipated expenditures are spread to the proper departments across function codes. Finance and Operations: The Finance and Operations category of budgeted expenditures has increased by $90,400 or 1.1% to $8,324,100. The increase consists of several, individually immaterial, changes. The largest dollar value change occurred in Technology Services (028) due to the increase in GenNet expenditures based on participation. This increase is partially offset by decreases in other departments including Legal Affairs (038) based on year to date plus anticipated expenditures, and Pupil Transportation (045) due to the utilization of grant funds. This category of expenditures represents 38.1% of total GEF expenditures. Instructional Programs & Services: The Instructional Programs & Services category of budgeted expenditures decreased by $369,900 or 3.9% to $9,137,500 and consists primarily of final budget changes for FY17 due to the reorganization. Additionally, overall expenditures are decreasing due to the reduction of salaries and benefits as grant funds are utilized. Finally, purchased services have been reduced by approximately $155,000 as budgets exceeded needs for the remainder of the fiscal year. This category of expenditures represents 41.9% of total GEF expenditures. Plant & Fixed Charges: The Plant & Fixed Charges category of budgeted expenditures has increased by $1,782,300 or 239.7% to $2,525,900. The increase consists of the following: Facility Operations (091) increase of $62,200 for repairs and maintenance, electricity and other professional services; Capital Outlay (094) decrease of $49,000 in furniture, equipment and technology equipment budgets; 06/06/2017 Executive Summary FY17 Amendment 3 Page 7

8 Interfund Transfers (095) increase of up to $1.6 million operating transfer to the CPDI Fund within the ONE Fund (271). All expenditures from this fund require Oakland Schools board approval and are used to enhance the academic achievement of Oakland County students by supporting collaborative instructional programs and/or regional collaborative programs that protect classroom resources by making operations more efficient; Interfund Transfers (095) increase of up to an additional $200,000 operating transfer to the Administration Building Capital Projects Fund (406) to support the organization s five-year capital plan. This category of expenditures represents 11.6% of total GEF expenditures. Special Education Fund Expenditures: Total expenditures have increased by a net of $1,462,300 or 1.1% to a new total expenditure budget of $139,928,900. Program Supervision and Direction: The Program Supervision and Direction category of budgeted expenditures decreased by $145,900 or 6.2% in this amendment. This category of expenditures represents 1.6% of expenditures of the fund. Changes occurring in this amendment consist primarily of decreases in purchased services based on needs through the balance of the fiscal year. Program Operations: The Program Operations category of budgeted expenditures decreased by $29,400 or.3% to $8,818,200. This category of expenditures represents 6.3% of expenditures of the fund. The decrease relates primarily to salary adjustments for eliminated or unfilled positions. The net change consists of a decrease in purchased services of $116,100 offset by an increase in salaries and benefits of $86,700. Salaries and benefits were adjusted based on year end RRAF estimates of compensated absences and other employee benefits. Plant & Fixed Charges: The Plant & Fixed Charges category of budgeted expenditures has decreased by $344,500 or 5.1% to $6,455,300. This category of expenditures represents 4.6% of total Special Education Fund expenditures. All departments with corporate allocated positions are contained in this category. The decrease consists of the reduction of MTT expenditure (dept 011) and legal services (dept 038) budgets offset by an increase in operating transfers to the Administration Building Capital Projects Fund (406) to support the organization s five-year capital plan. PA-18 Distribution: The PA-18 distribution increased $1,712,800 or 1.5% to a total of $118,235,200. This category of expenditures represents 84.5% of total budgeted expenditures of the fund. The change is due to an increase in the additional PA-18 distribution, which now totals 06/06/2017 Executive Summary FY17 Amendment 3 Page 8

9 $4,102,800 for fiscal year The additional distribution is possible due to positive prior year fund balance results and current year budget savings. LEA Transfers and Program Subsidies: The LEA Transfers and Program Subsidies category of budgeted expenditures increased by $269,300 to $4,199,300. This category of expenditures represents 3.0% of the total budgeted expenditures of the fund. The increase consists of the following components: Increase in the Hazel Park capital needs budget of $1 million and movement of that budget to department 079 for easier tracking; Decrease of $74,600 in the start-up contingency budget based on approved LEA requests; Decrease of $74,000 in the section 24 budget which provides reimbursement to districts operating educational programs on the grounds of juvenile detention facilities; Decrease of $582,100 in the Group Homes budget based on actual pupil placement for Career Focused Education Fund Expenditures: Total expenditures increased by $1,283,800 or 3.4% to a new total expenditure budget of $39,526,400. The following information represents the breakdown of significant changes by operational category or campus for the Career Focused Education Fund. CFE Campus & Other Program Operations: The Campus & Other Program Operations category of budgeted expenditures has increased by $54,200 or.2% to $23,736,700. This expenditure category represents 60.1% of total budgeted expenditures of the fund. Significant changes include the following: Reduction of transportation budget used to pay private carriers for student transportation (dept 055); Reduction of software expenditure budgets as the district will utilize grant funds (dept 055); Reduction of tuition and teaching supplies for the CTE Early College program due to reduced enrollment; Increase in benefits costs for compensated absences, short term disability and other employee benefits; Increase in salary budgets for temporary teaching staff, cluster leadership and other extra duty pay. LEA Transfers & Program Subsidies: The LEA Transfers & Program Subsidies category of budgeted expenditures totals $4,443,900 and represents 11.2% of the total budgeted expenditures of the fund. This category of expenditures decreased $23,200 or.5% due to a decrease in supplies and purchased services related to the OCCRA program. 06/06/2017 Executive Summary FY17 Amendment 3 Page 9

10 Plant & Fixed Charges: The total CFE Plant & Fixed Charges category of budgeted expenditures has increased by $1,252,800 or 12.4% to $11,345,800. This category of expenditures represents 28.7% of total budgeted expenditures of the fund. The net increase consists primarily of the following: Increases in operating transfers from the CFEF to the Administration Building Capital Projects Fund (406) and the CFE Campus Renovations Capital Projects Fund (404) totaling up to $104,000 and $1.5 million, respectively. Operating transfers are made to these funds to provide funding for capital improvements, facility renovations and equipment purchases at the administration building and four technical campuses in accordance with the organization s five-year capital plan; Reduction of MTT expenditure budgets totaling $63,100; Reduction of budget from Human Resources for certain employee expenditures, such as compensated absences and benefits-related professional services. These budgets are initially contained in the HR budget until the final Risk Related Activity Fund analysis is done near year end, and then the anticipated expenditures are spread to the proper departments across function codes. Grants and Funded Projects: The grants and funded projects category represents all of Oakland Schools grant type program funding. For the majority of this category of funding Oakland Schools role is that of fiscal pass-through agent. Therefore budgetary change authority related to the grants resides first with the awarding agencies and then with us. Presented below are the revised grant award figures by related fund: General Education Grants and Funded Projects $ 39,939,100 Special Education Grants and Funded Projects 48,195,300 Career Focused Education Grants and Funded Projects 1,949,000 Total Current Awards $ 90,083,400 Cooperative Activities Funds: The Shared Services & Tuition Programs Fund (270) was updated in this amendment for the following: Tuition program revenue was decreased net $34,000 based on current enrollment, and correspondingly, tuition program expenditures were decreased by $34,000; Shared Services revenues and expenditures held steady as no significant adjustments to IGA s with constituent districts occurred during this amendment. Currently the District has agreements with eleven districts for technology services and five districts for business and/or human resource services; State Source Unfunded Actuarial Accrued Liability (UAAL) revenues increased by $13, /06/2017 Executive Summary FY17 Amendment 3 Page 10

11 Ending committed fund balance in this fund totals $1,736,000. The Oakland Network for Education Fund (271) revenue budget was increased by $1,603,000 due to an increase in the operating transfer from the General Education Fund in an amount up to $1.6 million. Adjustments made to the expenditure budget in this amendment include a net decrease in purchased services totaling $152,100. Ending committed fund balance in this fund totals $5,062,200. The Medicaid Fund (273) revenue and expenditure budgets were both updated to reflect payments received from the Michigan Department of Health and Human Services to date, and resulting transfers to constituent districts. Other minor adjustments were made to reflect estimated salaries and benefits through year end. Purchased services were also reduced $32,900 in this amendment. This fund is strictly a cost recovery fund with any revenue in excess of expenditures needed to operate the Medicaid department being passed through to constituent districts. Therefore, this fund is budgeted to break even and has no fund balance. The HR/Finance Consortium Fund (277) 3 rd Amendment budget contains decreases in expenditures totaling $115,200, primarily in computer equipment and salaries. Ending committed fund balance totals $594,000 for this fund. Debt Service Funds: All debt service funds contain budget adjustments to interest earned, which includes market value adjustments. The 2016 Refunding Bonds Debt Service Fund (311) also contains an increase in the operating transfer in from the CFE Campus Renovation Bond Debt Service Fund 312 for the estimated amount of the remaining fund balance upon closeout of that fund. The QSCB Defeasement Fund 313 includes a $62,000 decrease in the operating transfer to the QSCB Construction Reserve Fund 314. This operating transfer funds the annual mandatory sinking fund payment plus bond interest owed in excess of the Federal interest subsidy. The sinking fund payment has decreased due to the investment strategy employed by the organization. Ending fund balances for the four debt service funds are as follows: 2016 Refunding Bonds Debt Service Fund (311) - $5,883,500 CFE Campus Renovation Bond Debt Service Fund (312) - $ QSCB Defeasement Fund (313) - $5,238, QSCB Construction Reserve Fund (314) - $6,308,500 Capital Project Funds: The CFE Campus Renovation Capital Projects Fund (404), the Oakland Schools Education Service and Conference Center Capital Projects Fund (406) and the Career Connections Facility Capital Projects Fund (409) are the three capital projects funds of the 06/06/2017 Executive Summary FY17 Amendment 3 Page 11

12 district. All Capital Project Funds contain budget adjustments to interest earned. The funds expenditure budgets were updated to maintain consistency with the 5-year capital plan, and to reflect the timing of projects as necessary. The CFE Campus Renovation Capital Projects Fund (404) contains an increase of up to $1,500,000 in the operating transfer from the CFEF. The Oakland Schools Education Service and Conference Center Capital Projects Fund (406) contains an increase of up to $400,000 collectively in the operating transfers from the GEF, SEF and CFEF. Ending fund balances for the three capital projects funds are as follows: CFE Campus Renovation Capital Projects Fund (404) $6,526,600 Oakland Schools Education Service and Conference Center Capital Projects Fund (406) - $3,679,700 Career Connections Facility Capital Projects Fund (409) - $487,300 Enterprise Fund: The Production Print Enterprise Fund (710) revenue reflects a net 1.9% decrease for the 3 rd Amendment and expenditures have increased by.2%. The net change for this amendment is a $43,900 decrease to ending net position, which is budgeted at $1,231,800. Management continues to investigate new sources of revenue as well as additional cost savings measures. Risk Related Activity Fund (RRAF): The Risk Related Activity Fund amendment includes changes to both revenue and expense budgets as a result of the year-end review and adjustment process. The compensated absence liability is also evaluated and adjusted as part of the fiscal year-end review process. Adjustments are made to the various ending reserve balances based on the RRAF protocol adopted by the Board of Education. 06/06/2017 Executive Summary FY17 Amendment 3 Page 12

13 OAKLAND SCHOOLS GENERAL EDUCATION FUND BUDGET REVENUE AND EXPENDITURE BUDGET FISCAL YEAR ADOPTED AMENDMENT 1 AMENDMENT 2 ADJUSTMENT AMENDMENT 3 % BUDGET TOTALS TOTALS TOTALS CHANGE FUND EQUITY, BEG OF YEAR Unassigned 4,006,600 4,835,700 4,835,700-4,835, % Non-Spendable prepaids, inventory; and deposits 47,100 74,800 74,800-74, % 4,053,700 4,910,500 4,910,500-4,910, % REVENUE LOCAL SOURCES Property Taxes 10,485,000 10,420,000 10,420, ,600 10,534, % Interest on Investments 11,400 11,400 28,400 10,600 39, % Miscellaneous and Other 25,000 25,000 25,000 7,000 32, % Community Television Network (CTN) 334, , ,400 16, , % SCECH Credits 45,000 45,000 45,000-45, % Workshop fees 420, , ,000 25, , % Conference Center - Catering Revenue 85,000 85,000 85,000-85, % Catering Service Fees 5,000 5,000 5,000-5, % AV & Video Rental Fees (assoc w/conf center) 3,000 3,000 3,000-3, % Technology Services - Erate Discount 22,200 56,000 56,000-56, % District & School Services - Rubicon West 130, , ,000 (16,000) 114, % Illuminate 354, , , , % Technology Services - Virtual (Cloud) Server Area Storage 105, ,600 75,300-75, % Technology Services - Finance & HR-Payroll 78,000 78, , , % Technology Services - Student Application 605, , , , % Technology Services - Software 88,400 88, ,800 (2,800) 104, % Beverage Consortium 8,000 8,000 8,000-8, % Facility Rental Fees 8,000 8,000 8,000-8, % Rental - Career Connections 109, , , , % Rental - Virtual Learning Academy 20,000 20,000 20,000 1,700 21, % Sustainability Committee 1,300 1,300 1,300-1, % Auxiliary Services-Staples Rebate 10,000 10,000 10,000 (3,200) 6, % Auxiliary Services-Purchasing Card Rebate 30,000 30,000 30,000 1,100 31, % Cooperative Programs (AEPA) 215, , ,000 (135,000) 80, % Cooperative Programs (NJPA) 35,000 35,000 35,000-35, % Transportation (Polyplot) 44,000 81,500 81,500 1,900 83, % MOR COOP Fees 9,800 9,800 9,800 1,300 11, % Central Applicant Tracking 40,000 48,000 48,000 2,100 50, % District & School Services - Discovery/Learn ,000 81,000 81,000 (4,700) 76, % District & School Services - GenNet 274, , , , , % Testing % TOTAL LOCAL SOURCES 13,683,600 13,820,500 13,882, ,500 14,178, % 5/31/2017 FY 2017 Gen Ed 3rd Amendment

14 OAKLAND SCHOOLS GENERAL EDUCATION FUND BUDGET REVENUE AND EXPENDITURE BUDGET FISCAL YEAR ADOPTED AMENDMENT 1 AMENDMENT 2 ADJUSTMENT AMENDMENT 3 % BUDGET TOTALS TOTALS TOTALS CHANGE STATE SOURCES Section 81 - General Aid 3,787,900 3,787,900 3,787,900-3,787, % Section 147c MPSERS UAAL Rate Stabilization 1,032,300 1,032,300 1,309,000 (18,200) 1,290, % Section 26.a Renaissance Zone 5,400 5,400 2,600 2, % TOTAL STATE SOURCES 4,825,600 4,825,600 5,099,500 (18,200) 5,081, % OTHER FINANCING SOURCES Transfer from Fund Indirect 190, , , , % Transfer from CPDI/ONE Fund , , , , % Indirect Revenue 387, , , , % TOTAL OTHER FINANCING SOURCES 703, , , , % TOTAL REVENUE 19,212,400 19,349,300 19,846, ,300 20,123, % TOTAL REVENUE AND BEG BALANCE 23,266,100 24,259,800 24,756, ,300 25,033, % EXPENDITURES General Administration 1,920,700 1,854,600 1,986,700 (147,900) 1,838, % Finance and Operations 8,075,000 8,271,800 8,233,700 90,400 8,324, % Instructional Programs and Services 9,603,100 9,485,800 9,507,400 (369,900) 9,137, % Plant & Fixed Charges 709, , ,600 1,782,300 2,525, % TOTAL EXPENDITURES 20,308,300 20,367,700 20,471,400 1,354,900 21,826, % Operating Surplus/(Deficit) (1,095,900) (1,018,400) (625,400) (1,077,600) (1,703,000) % FUND EQUITY, END OF YEAR Unassigned 2,910,700 3,817,300 4,210,300 (1,077,600) 3,132, % Non-Spendable prepaids, inventory; and deposits 47,100 74,800 74,800-74, % TOTAL FUND EQUITY, END OF YEAR 2,957,800 3,892,100 4,285,100 (1,077,600) 3,207, % TOTAL EXPEND AND ENDING BALANCE 23,266,100 24,259,800 24,756, ,300 25,033, % 5/31/2017 FY 2017 Gen Ed 3rd Amendment

15 OAKLAND SCHOOL GENERAL EDUCATION FUND BUDGET APPROPRIATION TOTALS FISCAL YEAR ADOPTED AMENDMENT 1 AMENDMENT 2 ADJUSTMENT AMENDMENT 3 % PROGRAM DESCRIPTION BUDGET TOTALS TOTALS TOTALS CHANGE General Administration 001 Office of the Superintendent 301, , ,600 6, , % 002 Assistant Superintendent - Educational Services 252, , ,800 9, , % 003 Deputy Superintendent - Finance & Operations 271, , ,800 (3,400) 274, % 006 Cabinet Initiatives 72,100 74, ,200 15, , % 007 Grants & Community Programing 187, , ,100 12, , % 049 Communications Services 369, , ,000 (32,000) 283, % 083 Human Resource Center 414, , ,500 (156,000) 287, % 084 Central Applicant Tracking 51,700 59,700 59,700-59, % GROUP TOTAL 1,920,700 1,854,600 1,986,700 (147,900) 1,838, % Finance and Operations 011 Financial Services 330, , ,100 8, , % 013 Event Management 414, , ,600 (6,000) 428, % 014 Government Relations & Pupil Services 301, , ,600 (700) 296, % 028 Technology Services - Technology Licensing 2,156,800 2,210,200 2,248, ,400 2,441, % 029 Technology Services - Administration 234, , ,400 8, , % 030 Technology Services - Technical Support Services 243, , ,200 6, , % 032 Technology Services - Application Services 1,522,800 1,522,800 1,518,000 11,200 1,529, % 033 Technology Services - Enterprise Technical Services 699, , ,500 15, , % 038 Legal Affairs 255, , ,700 (61,000) 267, % 039 Records Management 25,900 25,900 25,900 (15,500) 10, % 040 Auxiliary Services, Maintenance & Facility Operations 158, , ,100 (11,100) 147, % 041 Facilities & Building Projects 280, , ,100 3, , % 042 Auxiliary Services - Office of Purchasing Management 145, , ,400 (3,300) 157, % 044 Pupil, Corporate & District Services 503, , ,000 (16,900) 485, % 045 Auxiliary Services - Pupil Transportation 233, , ,700 (44,900) 190, % 046 Technology Services - Audio/Visual Support Services 164, , ,200 (1,000) 163, % 047 Auxiliary Services - Shipping and Receiving 210, , ,900 (2,000) 212, % 048 Auxiliary Services - Child Nutrition 193, , ,600 5, , % GROUP TOTAL 8,075,000 8,271,800 8,233,700 90,400 8,324, % Instructional Programs and Services 018 Workshops 501, , ,900 4, , % 022 Communications - Media Production & Distance Learning 107, , , , % 024 District & School Services - Information Center 190, , ,900 (1,400) 102, % 081 District & School Services - School Culture & Climate 1,472,800 1,602,800 1,589,500 (162,400) 1,427, % 082 District & School Services-Early Childhood 1,323,600 1,323,600 1,307,200 (31,800) 1,275, % 085 District & School Services - Instruction & Pedagogy 2,314,800 2,370,600 2,381, ,000 2,508, % 086 District & School Services-Research, Eval & Assessment P 511, , ,600 2, , % 5/31/2017 FY 2017 Gen Ed 3rd Amendment

16 OAKLAND SCHOOL GENERAL EDUCATION FUND BUDGET APPROPRIATION TOTALS FISCAL YEAR ADOPTED AMENDMENT 1 AMENDMENT 2 ADJUSTMENT AMENDMENT 3 % PROGRAM DESCRIPTION BUDGET TOTALS TOTALS TOTALS CHANGE 087 District & School Services - Curriculum & Assessment 1,748,700 1,646,700 1,646,700 (46,900) 1,599, % 089 District & School Servicess - Leadership & School Imprv 1,431,800 1,316,000 1,314,000 (261,400) 1,052, % GROUP TOTAL 9,603,100 9,485,800 9,507,400 (369,900) 9,137, % Plant & Fixed Charges 011 TXG-Property Tax Adjustments and Fees 34,400 34,400 34,400 (20,300) 14, % 091 PFG-Plant & Fixed Charges - Facility Operations 275, , ,800 62, , % 092 PHG-Plant & Fixed Charges - Telephone 45,500 45,500 45,500 5,000 50, % 093 Facility Operations - Summit & White Oaks 39,400 71,800 71,800 (15,600) 56, % 094 CAG-Plant & Fixed Charges - Capital Outlay 130, , ,600 (49,000) 94, % 095 TOG-LEAs Transfers and Other Fund Transfers 113, , ,400 1,800,000 1,913, % 096 Facility Operations - Career Connections 71,100 71,100 71,100-71, % GROUP TOTAL 709, , ,600 1,782,300 2,525, % GENERAL FUND TOTAL 20,308,300 20,367,700 20,471,400 1,354,900 21,826, % 5/31/2017 FY 2017 Gen Ed 3rd Amendment

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72 OAKLAND SCHOOLS GENERAL EDUCATION FUNDED PROJECTS/GRANTS REVENUE AND EXPENDITURE BUDGET FISCAL YEAR ADOPTED AMENDMENT 1 AMENDMENT 2 ADJUSTMENT AMENDMENT 3 % BUDGET TOTALS TOTALS TOTALS Change FUND 105, 107 FUND EQUITY, BEG OF YEAR Unassigned - (332,697) (332,697) - (332,697) 0.00% - (332,697) (332,697) - (332,697) 0.00% OPERATING REVENUE Non-Educational Enity 3,060,587 2,236,992 1,264,634 62,701 1,327, % State Sources 20,621,869 25,571,810 26,265,745 1,415,695 27,681, % Federal Sources 8,552,944 10,067,098 10,918,721 11,604 10,930, % TOTAL REVENUE 32,235,400 37,875,900 38,449,100 1,490,000 39,939, % TOTAL REVENUE AND BEG BALANCE 32,235,400 37,543,203 38,116,403 1,490,000 39,606, % EXPENDITURES Added Needs ,823 37,277 30,027-30, % Support Services ,429 37,318 (10,826) 26, % Support Services Instructional Staff ,125 6,362,690 7,474, ,697 8,066, % Support Services General Administration ,153, , ,050 20, , % Support Services School Administration ,159 18,000 18,000-18, % Support Services Business ,849 47,777 65,006 (1,819) 63, % Pupil Transportation ,371 1,089,840 1,120,564 26,738 1,147, % Support Services Central ,544 1,136,008 1,193, ,006 1,402, % Support Service - Other ,310,240 7,230 10,330-10, % Community Services Direction ,102 85, ,003 53, , % Community Activities , , ,919 13, , % Custody and Care of Children ,457 19,500 19,500 7,000 26, % Welfare Activities ,932 5,300,000 5,500,000-5,500, % Other Community Services - 370/390 4,887, , ,197 20, , % Payments to Other Public Schools ,997,767 18,577,759 16,788, ,307 17,339, % Payments to Not for Profit Entities ,384,524 3,536,340 4,053,231 (40,151) 4,013, % Fund Modifications (Other Operating Transfers Out) , , ,559 49, , % TOTAL EXPENDITURES 32,235,400 37,875,900 38,449,100 1,490,000 39,939, % Operating Surplus/(Deficit) FUND EQUITY, END OF YEAR Unassigned - (332,697) (332,697) - (332,697) 0.00% TOTAL FUND EQUITY, END OF YEAR - (332,697) (332,697) - (332,697) 0.00% TOTAL EXPEND AND ENDING BALANCE 32,235,400 37,543,203 38,116,403 1,490,000 39,606, % 5/31/2017 FY 2017 GE Funded Projects 3rd Amendment

73 OAKLAND SCHOOLS SPECIAL EDUCATION FUND REVENUE AND EXPENDITURE BUDGET FISCAL YEAR FISCAL YEAR FISCAL YEAR FISCAL YEAR FISCAL YEAR ADOPTED AMENDMENT 1 AMENDMENT 2 ADJUSTMENT AMENDMENT 3 % BUDGET TOTALS TOTALS TOTALS Change FUND EQUITY, BEG OF YEAR Restricted - Special Education 1,273,500 3,666,600 3,666,600-3,666, % Non-Spendable for prepaids, inventory, deposit 40,700 35,400 35,400-35, % Restricted for LEA Distribution (SE Facility Renovation) 4,308,700 5,438,700 5,438,700-5,438, % 5,622,900 9,140,700 9,140,700-9,140, % REVENUE: LOCAL SOURCES Property Taxes 133,288, ,520, ,520,000 1,485, ,005, % Interest on investments 69,100 69,100 90, , , % Workshop fees 100, , ,000 (57,000) 43, % Social Worker SB-CEU Credits 2,500 2,500 2,500 (2,500) % Bloomfield Hills Facility Agreement 100, , , , % Waterford Facility Agreement 131, , , , % Miscellaneous and other 50,000 50,000 50,000 (6,000) 44, % TOTAL LOCAL SOURCES 133,741, ,972, ,993,600 1,520, ,513, % STATE SOURCES ISD Membership Sec 51.a.2 116, , , , % Special Ed Sec 51A 2,793,900 2,793,900 3,020, ,700 3,263, % MSB/D deduct (net) 51a.1 (481,000) (481,000) (607,600) 69,300 (538,300) % Section 147c MPSERS UAAL Rate Stabilization 1,014,800 1,014,800 1,094, ,095, % Section 26.a Renaissance Zone 54,600 54,600 32,500-32, % School for Deaf/Blind , , ,100 (12,400) 183, % TOTAL STATE SOURCES 3,661,200 3,661,200 3,868, ,200 4,169, % OTHER FINANCING SOURCES Indirect Revenue 236, , ,700 (20,700) 197, % TOTAL OTHER FINANCING SOURCES 236, , ,700 (20,700) 197, % TOTAL REVENUE 137,639, ,870, ,080,200 1,799, ,880, % TOTAL REVENUE AND BEGINNING FUND BALANCE 143,261, ,011, ,220,900 1,799, ,020, % EXPENDITURE SUMMARY: Oakland Schools - Program Supervision and Direction 2,351,700 2,346,600 2,366,800 (145,900) 2,220, % Oakland Schools - Program Operations 9,269,300 9,269,300 8,847,600 (29,400) 8,818, % Oakland Schools - Plant & Fixed Charges 6,513,600 6,897,400 6,799,800 (344,500) 6,455, % PA 18 Distribution 114,132, ,522, ,522,400 1,712, ,235, % LEA Transfers and Program Subsidies 3,980,000 3,980,000 3,930, ,300 4,199, % TOTAL EXPENDITURES 136,247, ,015, ,466,600 1,462, ,928, % 5/31/2017 FY 2017 Spec Ed 3rd Amendment

74 OAKLAND SCHOOLS SPECIAL EDUCATION FUND REVENUE AND EXPENDITURE BUDGET FISCAL YEAR FISCAL YEAR FISCAL YEAR FISCAL YEAR FISCAL YEAR ADOPTED AMENDMENT 1 AMENDMENT 2 ADJUSTMENT AMENDMENT 3 % BUDGET TOTALS TOTALS TOTALS Change Operating Surplus/(Deficit) 1,392,000 (2,145,300) (1,386,400) 337,500 (1,048,900) % FUND EQUITY, END OF YEAR Restricted - Special Education 934, ,200 1,679,100 (804,400) 874, % Non-Spendable for prepaids, inventory, deposits 40,700 35,400 35,400-35, % Restricted for future SE Ctr facility renovations 6,039,800 6,039,800 6,039,800 1,141,900 7,181, % 7,014,900 6,995,400 7,754, ,500 8,091, % TOTAL EXPEND AND ENDING BALANCE: 143,261, ,011, ,220,900 1,799, ,020, % 5/31/2017 FY 2017 Spec Ed 3rd Amendment

75 OAKLAND SCHOOLS SPECIAL EDUCATION FUND BUDGET APPROPRIATION TOTALS FISCAL YEAR FISCAL YEAR FISCAL YEAR FISCAL YEAR FISCAL YEAR ADOPTED AMENDMENT 1 AMENDMENT 2 ADJUSTMENT AMENDMENT 3 % PROGRAM DESCRIPTION BUDGET TOTALS TOTALS TOTALS Change 018 Special Education Workshops 173, , , , % 072 District Capacity Development-Supv. and Direction , , ,700 (5,400) 415, % 072 District Capacity Development-Audiologists , , ,400 7, , % 072 District CapacityDevelopment ,800 2, , % 072 District Capacity Development-Pupil Support , , ,300 3, , % 072 District Capacity Development-Improvement of Instr , ,000 98,600 5, , % 073 Regional Student Support-Supv and Direction , , ,900 (7,400) 481, % 073 Regional Student Support-Teacher Consultant ,057,600 1,057,600 1,055,800 (47,800) 1,008, % 073 Regional Student Support-Speech and Audiology , , , , % 073 Regional Student Support-Psychological Services , , ,700 31, , % 073 Regional Student Support-Social Work , , ,600 (100) 216, % 074 Student Services-Supervision and Direction , , ,500 (20,000) 354, % 074 Student Services-Orient Mobility , , ,800 2, , % 074 Student Services-Teacher Consultant ,257,100 3,257,100 3,002,100 (44,700) 2,957, % F74 Visions Center Facilities ,700 70,700 70,700 (30,000) 40, % 075 Compliance Support Services , ,500 1,082,700 (113,100) 969, % 075 Compliance Support , , ,900 15, , % 076 Assistive Material Center , , ,600 (4,100) 900, % 078 PA 18 Base Distribution 114,132, ,132, ,132, ,132, % 078 PA 18 Additional Distribution - 2,390,000 2,390,000 1,712,800 4,102, % 078 LEA Transfers and Program Subsidies 3,980,000 3,980,000 3,930,000 (1,730,700) 2,199, % 079 Center Program Renovations - Hazel Park ,000,000 2,000, % 091 Plant & Fixed Charges - Facility Operations 153, , ,500 29, , % 092 Plant & Fixed Charges - Telephone 41,200 41,200 41,200 6,000 47, % 093 Facility Operations - Summit Place North 232, , ,200 24, , % 094 Plant & Fixed Charges - Capital Outlay 100, , , , % 011 Property Tax Adjustments and Fees 438, , ,200 (257,600) 180, % 095 LEAs Transfers and Other Fund Transfers 58,600 58,600 54,600 96, , % 096 General Allocation 5,418,300 5,767,600 5,688,600 (213,700) 5,474, % SPECIAL EDUCATION TOTAL 136,247, ,015, ,466,600 1,462, ,928, % 5/31/2017 FY 2017 Spec Ed 3rd Amendment

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144 OAKLAND SCHOOLS SPECIAL EDUCATION FUNDED PROJECTS/GRANTS REVENUE AND EXPENDITURE BUDGET FISCAL YEAR ADOPTED AMENDMENT 1 AMENDMENT 2 ADJUSTMENT AMENDMENT 3 % BUDGET TOTALS TOTALS TOTALS CHANGE FUND 205 FUND EQUITY, BEG OF YEAR Unassigned - (9,800) (9,800) - (9,800) 0.00% - (9,800) (9,800) - (9,800) 0.00% OPERATING REVENUE Federal Sources 45,279,800 48,118,900 48,195,300-48,195, % TOTAL REVENUE 45,279,800 48,118,900 48,195,300-48,195, % TOTAL REVENUE AND BEG BALANCE 45,279,800 48,109,100 48,185,500-48,185, % EXPENDITURES Support Services Pupil ,208,970 1,485,372 1,499,596 (51,760) 1,447, % Support Services Instructional Staff ,177, ,466 1,008,048 (15,860) 992, % Support Services Central , , ,887 67, , % Community Activities % Payments to Other Public Schools ,119,270 44,886,434 44,886,434 (300) 44,886, % Fund Modifications (Other Operating Transfers Out) , , , , % TOTAL EXPENDITURES 45,279,800 48,118,900 48,195,300-48,195, % FUND EQUITY, END OF YEAR Unassigned - (9,800) (9,800) - (9,800) 0.00% TOTAL FUND EQUITY, END OF YEAR - (9,800) (9,800) - (9,800) 0.00% TOTAL EXPEND AND ENDING BALANCE 45,279,800 48,109,100 48,185,500-48,185, % 5/31/2017 FY 2017 SE Funded Projects 3rd Amendment

145 OAKLAND SCHOOLS CAREER FOCUSED EDUCATION BUDGET REVENUE AND EXPENDITURE BUDGET FISCAL YEAR FISCAL YEAR FISCAL YEAR FISCAL YEAR FISCAL YEAR ADOPTED AMENDMENT 1 AMENDMENT 2 ADJUSTMENT AMENDMENT 3 % BUDGET TOTALS TOTALS TOTALS Change FUND EQUITY, BEG OF YEAR Restricted - Career Focused Education 5,174,900 5,672,400 5,672,400-5,672, % Non-Spendable for prepaids, inventory, deposits 90,800 33,500 33,500-33, % Restricted - Career Readiness Campus - 1,200,000 1,200,000-1,200, % 5,265,700 6,905,900 6,905,900-6,905, % REVENUE LOCAL SOURCES Property Taxes Revenues 32,622,900 32,430,000 32,430, ,000 32,792, % Interest on investments 16,800 16,800 80,000 15,000 95, % Program Revenue 115, , ,000 (35,000) 80, % Program Tuition 20,000 20,000 20,000 (11,200) 8, % Workshop Revenue 60,000 60,000 60,000-60, % Oakland County Competitive Robotics Assoc. 45,000 45,000 45, , % Facility Rental & Ultilities-OOA 60,100 60,100 60,100-60, % Early College Tution-District - 55,000 55,000 (44,000) 11, % Middle School Summer Camp ,000 17, % Miscellaneous Revenue 10,000 10,000 10,000 (2,000) 8, % TOTAL LOCAL SOURCES 32,949,800 32,811,900 32,875, ,100 33,177, % STATE SOURCES Voc Ed Sec 61a.1 929, ,000 2,253,300-2,253, % Voc Ed Administration Sec 61a ,800-14, % Voc Ed Sec 61c Secondary CTE Equipment ,600 (56,600) % Voc Ed Early College Sec 61b - 83,500 83,500 (83,500) % Section 147c MPSERS UAAL Rate Stabilization 1,736,400 1,736,400 1,890,500 19,600 1,910, % Section 26.a Renaissance Zone 13,400 13,400 8,000-8, % TOTAL STATE SOURCES 2,678,800 2,762,300 4,306,700 (120,500) 4,186, % OTHER FINANCING SOURCES Sec 107 Adult Ed - Wayne RESA - 50,700 50,700-50, % Indirect Revenue 87,500 87, ,700 (21,500) 82, % TOTAL OTHER FINANCING SOURCES 87, , ,400 (21,500) 132, % TOTAL REVENUE 35,716,100 35,712,400 37,336, ,100 37,496, % TOTAL REVENUE AND BEG BALANCE 40,981,800 42,618,300 44,242, ,100 44,402, % EXPENDITURE SUMMARY: CFE - Campus & Other Program Operations 24,016,800 23,946,500 23,682,500 54,200 23,736, % LEA - Transfers & Program Subsidies 4,267,100 4,267,100 4,467,100 (23,200) 4,443, % CFE - Plant & Fixed Charges 8,744,900 9,196,200 10,093,000 1,252,800 11,345, % TOTAL EXPENDITURES 37,028,800 37,409,800 38,242,600 1,283,800 39,526, % Operating Surplus/(Deficit) (1,312,700) (1,697,400) (906,400) (1,123,700) (2,030,100) % 5/31/2017 FY 2017 CFE 3rd Amendment