FISCAL YEAR 2007-2008 Financial Report December 2007 Year To Date

FISCAL YEAR 2007-2008

Financial Report December 2007 Year To Date

DECEMBER 2007EXECUTIVE SUMMARY

•$332M GOB Budget/Total Budget - $447M

•GOB revenues currently tracking below budget budget at $0.7M

• Total District Cash - $135.5M

• City holding over $25M in protested taxes

YEAR-TO-DATE SUMMARY

• Non-Payroll Expenditures reflect $2.9M positive variance, with transportation tracking $0.7M over budget

EXECUTIVE SUMMARY - Continued

•Total GOB Expenditures currently tracking below budget by $1.6M

• Non-General Operating Fundso Revenues tracking close to expenditureso Food Service deficit is at $0.2M

• Budget over-runs

• $1.M revenue shortfall

• $5M increase in salary & benefits due to increase in certificated staffing and health benefits

• Shortfall minimized (e.g. contingencies, frozen positions)

YEAR-END PROJECTIONS

EXECUTIVE SUMMARY - Continued

CONCERNS AND RISKS

• STC protested tax rulings

• Equitable distribution of funds to charter schools

• Food Service profit margin

• Technology budget

• Garage repairs

ST. LOUIS PUBLIC SCHOOLSGENERAL OPERATING FUNDS

FINANCIAL REPORTDECEMBER 2007

In Thousands

JULY 2007 BEGINNING FUND BALANCE (AUDITED) ($12,273)

APPROVED REVENUE BUDGET $332,610

YTD REVENUES $124,030

APPROVED EXPENDITURE BUDGET $332,188

YTD EXPENDITURES $159,779

JUNE 2008 ENDING FUND BALANCE ($15,973)(DECEMBER PROJECTION)

1. Freezing Unfilled/Non-Essential Positions $2.5M

3. Contingencies $2.0M

4. Utilities $1.0M

TOTAL $5.5M

Budget Bridge

Uncovered STC Protested Tax Rulings Equitable Distribution of Funds to Charter Schools Food Service Profit Margin Technology Budget Garage Repairs

Other Requests Data Repository

Concerns and Risks

ST. LOUIS PUBLIC SCHOOLSSTATE FUNDING CONCERNS WITH CHARTER SCHOOL PAYMENTS

Inequities with the payment methodology used by DESE:

• SLPS not receiving full credit for its student count from the 2nd preceding year ($4.3 M).

• The State is converting the desegregation sales tax revenue to a levy in order to provide additional funding to the charter schools ($4 M).

• DESE is over-allocating Prop C funds to the charter schools ($2.8 M).

• DESE allocating disproportionate amount of categorical aid to the charter schools (e.g. exceptional pupil only 3.2% in FY06, now 17.9%).

• This critical loss of revenue is contributing to the St. Louis Public Schools’ financial stress and deficit spending in the general operating funds.

(A) (B) (C) (B-C)

APPROVED BUDGET 2007-08

APPROVED DECEMBER

YTD

ACTUAL DECEMBER

YTD VARIANCE

YEAR END PROJECTIONS (DECEMBER)

Beginning Fund Balance (13,612)$ (12,273)$ (12,273)$ (12,273)$

Local Revenues 207,376$ 65,990$ 63,072$ (2,918)$ 203,836$ County Revenues 2,300 52 68 16 2,300 State Revenues 116,534 57,563 59,758 2,195 120,355 Federal Revenues 6,400 1,104 1,133 29 5,315

Gross Revenues 332,610$ 124,709$ 124,030$ (678)$ 331,806$

Charter Schools (for reference only) (56,000)$ (28,000)$ (28,586)$ (586) (57,172)$

Salary & Benefit Expenditures:Regular Salaries 151,117$ 72,427$ 72,295$ 132$ 155,330$ Temporary / Overtime 10,255 5,586 6,318 (732) 10,255 Benefits 53,636 26,238 27,012 (776) 55,036

Salary & Benefit Expenditures 215,008$ 104,251$ 105,625$ (1,374)$ 220,621$

Non-Payroll Expenditures:Purchased/Professional Services 46,868$ 23,369$ 21,622$ 1,747$ 48,542$ Property Services 16,950 7,558 6,603 955 15,414 Contracted Transportation 32,524 17,133 17,871 (738) 34,587 Operational Expenditures 16,498 8,481 7,516 965 15,059 Debt Obligations 4,339 551 542 9 1,283

Non-Payroll Expenditures 117,180$ 57,091$ 54,154$ 2,937$ 114,885$ Total Expenditures 332,188$ 161,343$ 159,779$ 1,563$ 335,506$

Net Add. / (Depletion) of Reserves 422$ (36,634)$ (35,749)$ (3,700)$

Ending Fund Balance - GOB (1) (12,719)$ (48,907)$ (48,022)$ (15,973)$ 1. Ending Fund Balances are unaudited.2. Variances due to rounding

Saint Louis Public SchoolsFY 2007-2008

December 2007General Operating Funds

in thousands

-$40,000

-$30,000

-$20,000

-$10,000

$0

GOB UNRESTRICTED FUND BALANCEIn Thousands

-$37,848

-$25,987

-$24,915

-$12,273

FY 2004 FY 2005 FY 2006 FY 2007

-$15,973

FY 2008Projected

St. Louis Public SchoolsProjected GOBCash Balances

July 07 thru June 08

-20

0

20

40

60

80

Cash Balance

Mill

ions

3536

22

6

-13

8

74 66

5342

2119

APPROVED ACTUALANNUAL BUDGET DECEMBER

OBJ DESCRIPTION 2007-08 Y-T-D REMAINING

6111 Administrators Salaries Certificated 12,792,373$ 8,414,274$ 4,378,099$ 6112 Classroom Teachers Salary 96,391,760 44,446,390 51,945,370 6113 Support Services 19,164,817 9,313,290 9,851,527 6114 Continuing Subs 278,791 107,314 171,477 6121 Administrators Salaries Non-Certificated 2,187,179 1,159,844 1,027,335 6122 Secretarial and Clerical 5,937,394 2,920,046 3,017,348 6123 Professional and Technical Salaries 2,950,271 1,064,499 1,885,772 6124 Teacher Aides 8,398,575 3,486,873 4,911,702 6125 Security & Custodial Salaries 3,294,665 1,489,970 1,804,694 6142 Regular Teachers Performing Subs - 70,773 (70,773) 6143 Extra Service Payments 2,179,388 750,621 1,428,768 6144 Sub Teachers 2,734,438 2,879,247 (144,809) 6146 Sub Clerk 65,741 84,660 (18,919) 6148 Inservice Payments 134,487 54,947 79,540 6149 Temp Salaries NOC 523,033 299,351 223,682 6162 Secre/Clerical Sal OT 37,091 43,586 (6,494) 6163 Prof & Tech Salaries OT 9,000 9,525 (525) 6164 Teacher Aides OT 53,799 32,389 21,410 6165 Security / Cust Sal OT 268,268 262,119 6,149 6181 Teachers-Summer (Certificated) 3,500,000 1,417,837 2,082,163 6182 Admin-Summer (Certificated) 53,000 31,038 21,962 6183 Non-Certificated Salary-Summer 418,000 274,538 143,462 6211 Retirement 15,802,094 9,889,156 5,912,938 6231 FICA 12,380,737 5,928,463 6,452,273 6241 Medical 17,293,129 7,573,863 9,719,266 6242 Dental 1,057,885 418,382 639,503 6243 Life 283,787 128,066 155,721 6244 Vision 68,221 30,610 37,611 6245 ST Disability 1,730,154 524,181 1,205,973 6246 LT Disability 651,985 203,919 448,066 6261 Workers Compensation 4,367,798 2,315,419 2,052,380 6291 EAP - - - 6311 Tuition Service 8,724,266 2,107,000 6,617,266 6312 Professional Ed Services 76,501 11,556 64,946 6315 Auditors & Accountants Svc 203,000 159,000 44,000 6318 Legal Services 1,900,000 1,262,326 637,674 6319 Other Professional and Technical 35,964,419 18,082,383 17,882,036 6324 Water Service 389,066 121,955 267,111 6325 Sewer Service 525,682 243,349 282,333 6331 Cleaning Services - - - 6333 Contracted Repairs 5,898,761 2,499,278 3,399,483 6334 Rentals Equipment 29,665 2,163 27,502 6335 Rentals Land & Bldg 8,500 - 8,500

SAINT LOUIS PUBLIC SCHOOLSGENERAL OPERATING BUDGETS

BY OBJECT OF EXPENDITURE

APPROVED ACTUALANNUAL BUDGET DECEMBER

OBJ DESCRIPTION 2007-08 Y-T-D REMAINING

6336 Property Services 725,000 136,581 588,419 6338 Repair Maintenance Other 311,405 140,387 171,018 6341 Contracted Transportation To-From School 31,121,354 17,240,280 13,881,074 6342 Other Contracted Pupil Transportation 590,180 150,127 440,053 6343 Contracted Transportation Sick & Other - - - 6344 Contracted Transportation After School 500,000 339,470 160,530 6349 Other Transportation Bus Passes 312,340 140,915 171,425 6351 Property Including Boiler Insurance 812,000 677,155 134,845 6352 Employee Pers Liability Insurance 15,965 7,071 8,894 6353 Employee Fidelity Insurance 8,300 175 8,125 6354 Vehicle Insurance 64,300 - 64,300 6355 Athletic Insurance 76,300 69,017 7,283 6358 Licenses, Fees & Permits 1,463,920 333,003 1,130,917 6361 Telephone & Telegraph 1,204,030 362,325 841,705 6362 Advertising-Recruiting/Announce 119,590 20,823 98,767 6363 Printing & Binding 116,199 26,858 89,342 6364 Postage 215,026 96,719 118,307 6365 Printing-Central Budget 60,277 - 60,277 6381 Memberships & Dues 152,129 61,614 90,516 6383 Travel & Conference Expenses 389,710 132,817 256,893 6384 Meeting Expenses 318,549 85,059 233,490 6385 Vehicle Expense 10,800 3,290 7,510 6386 Mileage 67,407 17,884 49,524 6389 Transportation NOC 129,273 364 128,909 6395 Field Trip Admission 26,541 4,918 21,623 6399 Other Unclassified - - - 6411 General Supplies 2,775,079 902,774 1,872,305 6412 Standardized Tests 758,622 240,320 518,302 6414 Oper Suppl Job Cost 947,582 360,343 587,239 6415 Trophies/Awards 22,435 3,838 18,597 6417 Gas and Oil 97,000 29,411 67,589 6421 Textbooks Direct Purchase 3,936,429 3,389,715 546,713 6422 Workbook-Direct Purchase 258,506 4,353 254,153 6432 Library Books 50,170 (15,987) 66,157 6433 Periodicals 85,104 (2,811) 87,915 6441 Software-Microcomputer 1,070,429 347,493 722,936 6481 Textbooks-Warehouse - (2) 2 6483 Heating Service 4,779,086 569,059 4,210,027 6484 Electric Service 4,283,174 2,890,518 1,392,656 6485 Instructional Supplies 28 - 28 6486 Operational Supplies - - - 6487 Ra Materials-Minor Raw Materials (1,719) 1,719 6492 Electrical & Electronics - - - 6495 Raw Materials-Paint (1,035) 1,035 6541 Equipment 1,183,788 329,026 854,762 6546 Equipment/Lease Purchase 63,000 30,839 32,161 6611 Interest 124,127 44,014 80,113 6691 Redemption of Principal 1,158,675 498,183 660,492 6821 Subsidy to Other Funds - - - 6998 Loan Payment 3,056,250 - 3,056,250

TOTALS 332,187,795$ 159,779,378$ 172,408,417$

GENERAL OPERATING BUDGETSBY OBJECT OF EXPENDITURE

$178,341,547 53.7%

$56,399,843 17.0%

CHARTER SCHOOLS

$234,741,390 70.7% $33,147,795 10.0%

$14,745,352 4.4%

$3,000,000 0.9%

$46,553,258 14.0%

LOANPAYMENT

ST. LOUIS PUBLIC SCHOOLSGENERAL OPERATING EXPENDITURES

CURRENT BUDGETFISCAL YEAR 2007 - 2008

$153,335,864 MATERIALS $146,360

ALTERNATIVE

INSTRUCTION

SALARIES & TUITION TEXTBOOKS / PROFESSIONAL OPERATIONS /FRINGES $8,800,767 INSTRUCTIONAL SERVICES SUPPLIES EDUCATION

$2,115,293 $7,783,976

$6,159,287

INSTRUCTIONALSUPPORT

SALARIES & PROFESSIONAL PROFESSIONAL OPERATIONS / SCHOOL

FRINGES DEVELOPMENT SERVICES SUPPLIES ADMINISTRATION$28,965,900 $1,664,896 $3,281,244 $1,402,404 $21,085,399

INSTRUCTION /INSTRUCTIONAL SUPPORT TOTALS TRANSPORTATION

ADMINISTRATION

SALARIES & PROFESSIONAL TELEPHONE OPERATIONS /FRINGES SERVICES LICENSE FEES PERMITS SUPPLIES

$4,085,154 $6,859,390 $2,296,140 $1,504,668

BUILDING /FOOD & COMMUNITY

SERVICESPROFESSIONAL PROPERTY UTILITIES SALARIES & OPERATIONS /

SERVICES SERVICES / DEBT $9,977,008 FRINGES SUPPLIES

$332,187,795

$22,842,902 OBLIGATIONS

$56,000,000

CLASSIFIED AS REDUCTION TO REVENUE

BUDGET

$3,178,039 $442,594

$10,112,715

TOTAL GOB EXPENDITURES

$82,223,734 51.5%

$30,690,866 19.2%

CHARTER SCHOOLS

$112,914,600 70.7% $18,130,236 11.3%

$6,911,392 4.3%

$21,823,150 13.7%

TOTAL GOB EXPENDITURESACTUAL

$159,779,378

$11,934,775 OBLIGATIONS $1,360,429 $315,550

$4,387,516



$3,255,951 $2,652,742 $333,928 $668,771


ADMINISTRATION



$23,781,614


$15,286,621 $1,918,816 $324,745 $12,643,176$517,508

SCHOOL

FRINGES SERVICES SUPPLIES ADMINISTRATION

$3,963,080

PROFESSIONAL

DEVELOPMENT


SALARIES & PROFESSIONAL OPERATIONS /

$71,287,406 MATERIALS $55,520 $696,886 $4,102,287

PROFESSIONAL OPERATIONS / ALTERNATIVEFRINGES $2,118,556 INSTRUCTIONAL SERVICES SUPPLIES EDUCATION

ST. LOUIS PUBLIC SCHOOLSGENERAL OPERATING BUDGET

ACTUAL EXPENDITURESFISCAL YEAR 2007 - 2008

INSTRUCTION

SALARIES & TUITION TEXTBOOKS /

SALARIES & FRINGES

55%CHARTER SCHOOLS

15%

PROFESSIONAL SERVICES

10%

TRANSPORTATION8%

UTILITIES3%

PROPERTY SERVICES

2%

TUITION / PROF. ED SERVICES

2%

TEXTBOOKS / INSTRUCTIONAL

2% OPERATION-OFFICE

1%

SUPPLIES / EQUIPMENT

1%

CAPITAL1%


SPENDING SCHEDULEFY 2007 - 2008

SALARIES & FRINGES

CHARTER SCHOOLS


TRANSPORTATION

UTILITIES

PROPERTY SERVICES



OPERATION-OFFICE


CAPITAL

SALARIES & FRINGES

57%

CHARTER SCHOOLS13%


11%

TRANSPORTATION10%

UTILITIES2%

PROPERTY SERVICES

2%


1%TEXTBOOKS /

INSTRUCTIONAL2%

OPERATION-OFFICE1%


1%

CAPITAL0%


ACTUAL SPENDINGS FY 2007 - 2008

SALARIES & FRINGES

CHARTER SCHOOLS


TRANSPORTATION

UTILITIES

PROPERTY SERVICES



OPERATION-OFFICE


CAPITAL

-$30,000

-$20,000

-$10,000

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

BudgetActual

GENERAL OPERATING FUNDSBUDGET TO ACTUAL REVENUES

DECEMBER 2007In Thousands

Annual GOB Revenue Budget $332,610 December YTD Budget $124,709December YTD Actual $124,030

-$2,918

$16

$2,195

$29 - $586

Loc

al

Cou

nty

Stat

e

Fed

eral

Cha

rter

Scho

ols

$-

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

$90,000

BudgetActual

GENERAL OPERATING FUNDSBUDGET TO ACTUAL EXPENDITURES


Annual GOB Expenditure Budget $332,188 December YTD Budget $161,343December YTD Actual $159,779

-$1,374

$955

-$738

$965

$9

$1,747

Sala

ries

&

Ben

efit

s

Pur

chas

ed S

ervi

ces

Pro

pert

ySe

rvic

es

Tra

nspo

rtat

ion

Ope

rati

onal

Exp

endi

ture

s

D

ebt

Obl

igat

ions

Deseg Capital - 45%

General - 14%

AC Projects - 22%

Debt - 19%

$29.8M

$61.2M$25.8M

$18.7M

St. Louis Public SchoolsSummary of Investments at Cost

As of 12/31/07In Millions

Total - $135.5M

St. Louis Public SchoolsSummary of Cash & Investments

Held by Financial InstitutionsAs of 12/31/07

$67.6M

$10.0M

$44.4M

$13.6M

US Bank - 49.9%

UMB Bank - 7.4%

Bank of America - 32.7%

Wells Fargo (Debt Service Trustee) - 10.0%

Total - $135.5M

ST. LOUIS PUBLIC SCHOOLSGeneral Operating Budget - Monthly Detail GOB Approved vs. Actual Budget - July 2007- June 2008 YTD

APPROVED APPROVED ACTUAL VARIANCE YEAR-END

BUDGET 2007-08 December December December PROJECTIONS BUDGET YTD YTD YTD (OCTOBER)

Beginning Fund Balance1 (13,611,792)$ (12,272,880)$ (12,272,880)$ (12,272,880)

Revenues: Local Revenues

Property Taxes 141,286,147 40,446,170 40,206,876 (239,294) 143,053,400Current Taxes 59,600,000 23,365,433 20,390,127 (2,975,306) 53,030,862Interest on Fin Inst & Protested Taxes 619,475 - - 0 600,000Other Local Revenue 2,870,000 1,492,400 1,789,315 296,915 4,477,758Sale of Property 3,000,000 685,858 685,858 0 2,085,858

Total Local Revenues 207,375,622 65,989,861 63,072,176 (2,917,685) 203,247,878

County Revenues 2,300,000 51,750 67,520 15,770 2,300,000

State Revenues Basic Formula 100,069,110 50,034,555 52,349,478 2,314,923 104,165,461Classroom Trust 0 - - 0 0Pupil Transportation 12,000,000 6,000,000 5,520,816 (479,184) 12,101,159Career Ladder 32,000 32,000 32,000 0 32,000Vocational Education 225,600 - - 0 215,000VICC Payments 4,139,700 1,490,292 1,854,954 364,662 4,287,371Other State Income 68,000 6,120 740 (5,380) 49,740

Total State Revenues 116,534,410 57,562,967 59,757,988 2,195,021 120,850,731

Federal Revenues 6,400,000 1,104,000 1,132,667 28,667 6,648,926

Total Net Revenues 332,610,032 124,708,578 124,030,350 (678,227) 333,047,535

Charter Schools (for reference only) (56,000,000) (28,000,000) (28,585,875) (585,875) (58,447,401)

Salary Expenditures:

6111 Administrators Salaries Certificated 12,792,373$ 7,824,110 8,414,274$ (590,164) 6112 Classroom Teachers Salary 96,391,760 44,629,385 44,446,390 182,9956113 Support Services 19,164,817 9,007,464 9,313,290 (305,826)6121 Administrators Salaries Non-Certificated 2,187,179 1,115,461 1,159,844 (44,383)6122 Secretarial and Clerical 5,937,394 3,028,071 2,920,046 108,0256123 Professional and Technical Salaries 2,950,271 1,504,638 1,064,499 440,1406124 Teacher Aides 8,398,575 3,703,772 3,486,873 216,8996125 Security & Custodial Salaries 3,294,665 1,614,386 1,489,970 124,416

Total Regular Salaries 151,117,033 72,427,286 72,295,185 132,101 155,397,113

6114 Continuing Subs 278,791 108,923 107,314 1,6096142 Regular Teachers Performing Subs 0 - 70,773 (70,773)6143 Extra Service Payments 2,179,388 849,961 750,621 99,3416144 Sub Teachers 2,734,438 2,114,031 2,879,247 (765,216)6146 Sub Clerk 65,741 51,278 84,660 (33,382)6148 Inservice Payments 134,487 78,206 54,947 23,2596149 Temp Salaries NOC 523,033 329,511 299,351 30,1606162 Secre/Clerical Sal OT 37,091 18,917 43,586 (24,669)6163 Prof & Tech Salaries OT 9,000 4,680 9,525 (4,845)6164 Teacher Aides OT 53,799 32,817 32,389 4296165 Security / Cust Sal OT 268,268 191,560 262,119 (70,559)6181 Teachers-Summer (Certificated) 3,500,000 1,470,000 1,417,837 52,1636182 Admin-Summer (Certificated) 53,000 39,750 31,038 8,7126183 Non-Certificated Salary-Summer 418,000 296,780 274,538 22,242

Total Temporary/Overtime 10,255,036 5,586,414 6,317,943 (731,529) 10,255,036

Total Salary Expenditures 161,372,069 78,013,701 78,613,128 (599,428) 165,652,148

Benefits / Fringe Expenditures:6211 Retirement 15,802,094 8,138,078 9,889,156 (1,751,078)6231 FICA 12,380,737 6,437,983 5,928,463 509,5206241 Medical 17,293,129 7,868,374 7,573,863 294,5116242 Dental 1,057,885 444,312 418,382 25,9306243 Life 283,787 124,866 128,066 (3,199)6244 Vision 68,221 30,017 30,610 (592)6245 ST Disability 1,730,154 778,569 524,181 254,3896246 LT Disability 651,985 231,455 203,919 27,5356261 Workers Compensation 4,367,798 2,183,899 2,315,419 (131,520)6291 EAP 0 - - 0

Total Benefits / Fringe Expend. 53,635,789 26,237,553 27,012,058 (774,505) 55,035,789

Total Salary & Benefits Expend. 215,007,858 104,251,254 105,625,186 (1,373,932) 220,687,937

APPROVED APPROVED ACTUAL VARIANCE YEAR-ENDBUDGET 2007-08 December December December PROJECTIONS

BUDGET YTD YTD YTD (OCTOBER)

Non-Payroll Expenditures: 6311 Tuition Service 8,724,266 2,792,376 2,107,000 685,376 9,305,5266312 Professional Ed Services 76,501 16,065 11,556 4,510 56,7256315 Auditors & Accountants Svc 203,000 160,370 159,000 1,370 175,0006318 Legal Services 1,900,000 1,159,000 1,262,326 (103,326) 1,900,0006319 Other Professional and Technical 35,964,419 19,240,964 18,082,383 1,158,581 36,607,101

Total Purchased/Professional 46,868,186 23,368,775 21,622,265 1,746,510 48,044,352

6324 Water Service 389,066 171,189 121,955 49,235 287,7906325 Sewer Service 525,682 247,071 243,349 3,722 478,3326331 Cleaning Services 0 - - 0 06333 Contracted Repairs 5,898,761 3,185,331 2,499,278 686,053 5,896,7616334 Rentals Equipment 29,665 6,230 2,163 4,067 5,7756335 Rentals Land & Bldg 8,500 - - 06336 Property Services 725,000 239,250 136,581 102,669 725,0006337 Environmental Service 0 - - 0 06338 Repair Maintenance Other 311,405 156,002 140,387 15,615 270,5676483 Heating Service 4,779,086 597,386 569,059 28,327 3,627,2336484 Electric Service 4,283,174 2,955,390 2,890,518 64,872 4,120,323

Total Property Services 16,950,339 7,557,848 6,603,289 954,558 15,411,781

6341 Contracted Transportation To-From School 31,121,354 16,494,318 17,240,280 (745,962) 33,116,8546342 Other Contracted Pupil Transportation 590,180 151,238 150,127 1,111 585,4806343 Contracted Transportation Sick & Other 0 - - 0 06344 Contracted Transportation After School 500,000 345,000 339,470 5,530 487,0736349 Other Transportation Bus Passes 312,340 142,115 140,915 1,200 145,440

Total Contracted Transportation 32,523,874 17,132,671 17,870,792 (738,121) 34,334,847

6351 Property Including Boiler Insurance 812,000 690,200 677,155 13,045 812,0006352 Employee Pers Liability Insurance 15,965 8,461 7,071 1,390 15,9656353 Employee Fidelity Insurance 8,300 166 175 (9) 8,3006354 Vehicle Insurance 64,300 - - 0 64,3006355 Athletic Insurance 76,300 76,300 69,017 7,283 76,3006358 Licenses, Fees & Permits 1,463,920 338,218 333,003 5,215 607,6176361 Telephone & Telegraph 1,204,030 366,276 362,325 3,951 1,204,0306362 Advertising-Recruiting/Announce 119,590 42,554 20,823 21,731 124,5906363 Printing & Binding 116,199 32,904 26,858 6,047 126,9656364 Postage 215,026 109,374 96,719 12,656 208,5216365 Printing-Central Budget 60,277 3,617 - 3,617 06381 Memberships & Dues 152,129 77,118 61,614 15,504 146,6486383 Travel & Conference Expenses 389,710 166,254 132,817 33,437 274,4826384 Meeting Expenses 318,549 117,693 85,059 32,634 304,9916385 Vehicle Expense 10,800 3,618 3,290 328 10,8006386 Mileage 67,407 18,175 17,884 291 80,8016389 Transportation NOC 129,273 1,293 364 928 129,2736395 Field Trip Admission 26,541 7,431 4,918 2,513 24,0626399 Other Unclassified 0 - - 0 06411 General Supplies 2,775,077 920,370 902,774 17,596 2,705,6576412 Standardized Tests 758,622 247,278 240,320 6,958 761,1226414 Oper Suppl Job Cost 947,582 379,033 360,343 18,689 820,3626415 Trophies/Awards 22,435 3,899 3,838 61 22,4036417 Gas and Oil 97,000 38,283 29,411 8,872 70,5696421 Textbooks Direct Purchase 3,936,429 3,499,505 3,389,715 109,790 3,932,7036422 Workbook-Direct Purchase 258,506 24,558 4,353 20,2066432 Library Books 50,170 3,010 (15,987) 18,998 50,1806433 Periodicals 85,104 4,403 (2,811) 7,214 85,6046441 Software-Microcomputer 1,070,429 348,721 347,493 1,228 1,065,6306481 Textbooks-Warehouse 0 - (2) 2 06485 Instructional Supplies 28 29 - 29 06487 Raw Materials-Minor Raw Materials 0 - (1,719) 1,7196495 Raw Materials-Paint 0 - (1,035) 1,0356541 Equipment 1,183,788 887,985 329,026 558,959 1,294,6526546 Equipment/Lease Purchase 63,000 64,260 30,839 33,421 30,7686821 Subsidy to Other Funds 0 - - 0

Total Operational Expenditures 16,498,485 8,480,986 7,515,648 965,338 15,059,295

6611 Interest 124,127 53,034 44,014 9,020 124,1276691 Redemption of Principal 1,158,675 498,183 498,183 (0) 1,158,6756998 Loan Payment 3,056,250 - - 0 0

Total Debt Obligations 4,339,052 551,217 542,197 9,019 1,282,802

Total Non-Payroll Expenditures 117,179,936 57,091,497 54,154,192 2,937,305 114,133,077

Total Expenditures - GOB 332,187,795$ 161,342,751$ 159,779,378$ 1,563,373 334,821,014$

Net Add/(Depletion) of Reserves 422,237$ (36,634,173)$ (35,749,027)$ (1,773,479)$

Ending Fund Balance - GOB (12,718,567)$ (48,907,053)$ (48,021,907)$ (14,046,359)$

BACKUP

$178,341,547 53.7%

TEACHERS TUITION SERVICE 8,724,266 TEXTBOOKS 3,936,429 ATHLETICS 130,000 SUPPLIES 1,422,409 SALARIES/FRINGES 2,775,553PROF. ED SERVICES 76,501 WORKBOOKS 258,506 SPECIAL SERVICES 2,600 EQUIPMENT 398,518 PROF. SERVICES-ALT UNLIMITED 4,980,261

8,800,767 LIBRARY BOOKS 50,170 BILINGUAL 10,000 POSTAGE 77,714 OPERATING / SUPPLIES 28,161PERIODICALS 85,104 SCHOOLS 3,760 TRAVEL / MEETING 48,684 7,783,976SOFTWARE 1,070,429 146,360 MEMBERSHIP & DUES 46,978STD. TESTS 758,622 SUBSIDY TO OTHER 56,250OTHER 27 OPERATIONS -OTHER 64,740

6,159,287 2,115,293

$56,399,843 17.0%

COMPLIANCE PROGRAM 1,664,896 KAPLAN 1,975,000 EQUIPMENT 134,143 SALARIES:

SOCIAL WORKERS, NURSES, COLLEGE SUMMIT 260,000 SUPPLIES 692,808 CAO

COUNSELORS, PSYCHOLOGISTS, STUDENT SUPPORT 250,000 PRINTING 147,496 ED OFFICERS

LIBRARY SERVICES, SCHOOL MEDIA, SCHOOLS 82,487 TRAVEL / MEETING 240,640 SCHOOL PRINCIPALS

CAREER EDUCATION, EARLY CHILDHOOD, ED OFFICER ACCOUNTS 120,000 MILEAGE 41,428 ASST. PRINCIPALS

INFORMATION CENTER, RADIO STATION, ACCOUNTABILITY 16,900 ADVERTISING 38,089

TEACHING AIDES, CURRICULUM SERVICES, CURRICULUM & INSTRUCTION 25,000 POSTAGE 59,646

STAFF DEVELOPMENT, VOCATIONAL ED SPECIAL SERVICES 200,000 OTHER EXPENSE 48,154

SPECIAL ED 208,211 1,402,404

CAREER ED 22,000

LIBRARY SERVICES 60,000

COMMUNITY EDUCATION 4,900

OTHER 56,746

3,281,244537,864

3,819,108

CHARTER SCHOOLS

$234,741,390 70.7% $33,147,795 10.0%

INSTRUCTION

SALARIES & TUITION TEXTBOOKS /SUPPLIES EDUCATION

ALTERNATIVE$8,800,767 INSTRUCTIONAL SERVICES



SCHOOL

FRINGES DEVELOPMENT

PROFESSIONAL OPERATIONS /FRINGES

$153,335,864 MATERIALS $146,360 $2,115,293 $7,783,976$6,159,287


SALARIES & PROFESSIONAL PROFESSIONAL OPERATIONS /

SERVICES SUPPLIES ADMINISTRATION$28,965,900 $1,664,896 3,281,244 $1,402,404 $21,085,399


$56,000,000




$14,745,352 4.4%

$3,000,000 0.9%

SUPERINTENDENT AUDITING 203,000DEPUTY SUPERINTENDENT LEGAL 1,900,000 LICENSE FEE PERMIT 1,425,300 SUPPLIES 328,990CHIEF FINANCIAL OFFICER HR CONTRACT 1,674,669 TELEPHONE 870,840 EQUIPMENT 678,023FINANCE DIVISION INFORM TECH CONTRACT 2,621,859 2,296,140 PRINTING 13,802HR-PAYROLL-PURCHASING MATERIALS MANAGEMENT 60,000 POSTAGE 67,708INFORMATION & TECHNOLOGY RESEARCH EVALUATION 96,412 INSURANCE 163,965DEVELOPMENT OFFICER & SERVICE SUPERINTENDENT'S OFFICE 100,000 ADVERTISING 49,501PLANNING SERVICE BOARD 94,500 TRAVEL / MEETING 112,749RESEARCH, EVALUATION, ASSESSMENT BUDGET PLANNING 108,950 MEMBERSHIP DUES 69,303RECORD ROOM / CENTER - ACHIEVES OTHER CONTRACTS 0 OTHER 20,626STAFF SERVICES 6,859,390 1,504,668

STUDENT ACCOUNTING

INSURANCE

$46,553,258 14.0%

SODEXHO 21,850,000 CONTRACTED REPAIRS 5,898,761 WATER 389,066 BUILDING SERV. 1,431,339 LICENSE FEE PERMIT 2,300GARAGE 517,902 PROPERTY SERVICES 725,000 SEWER 525,682 FOOD & COMM 1,746,699 TELEPHONE 329,910TRANSPORTATION 455,000 REPAIR MANIT 311,405 HEATING 4,779,086 3,178,039 ADVERTISING - JOB 30,000TELEPHONE SETUP 20,000 PROPERTY BOILING INS. 812,000 ELECTRIC 4,283,174 PRINTING 2,000

22,842,902 OPER. SUPPL. JOB COST 947,582 9,977,008 MILEAGE 3,918CAPITAL - PRINCIPAL / INT 1,282,802 TRAVEL / MEETING 12,637GAS & OIL 97,000 OTHER 6,130OTHER 38,165 SUPPLIES / EQUIP 55,699

10,112,715 442,594

PAYMENTLOAN

ADMINISTRATION


$4,085,154 $6,859,390 $2,296,140 $1,504,668



$442,594$10,112,715


TOTAL GOB EXPENDITURESBUDGET

$332,187,795

$22,842,902 OBLIGATIONS $3,178,039

BACKUP

$82,223,734 51.5%

TEACHERS TUITION SERVICE 2,107,000 TEXTBOOKS 3,389,715 ATHLETICS 51,420 SUPPLIES 540,412 SALARIES/FRINGES 1,421,332PROF. ED SERVICES 11,556 WORKBOOKS 4,353 SPECIAL SERVICES 4,100 EQUIPMENT 56,125 PROF. SERVICES-ALT UNLIMITED 2,670,000

2,118,556 LIBRARY BOOKS (15,987) BILINGUAL 0 POSTAGE 21,343 OPERATING / SUPPLIES 10,955PERIODICALS (2,811) OTHER 0 MEMBERSHIP 13,102 4,102,287SOFTWARE 347,493 55,520 OTHER 65,904STD. TESTS 240,320 696,886OTHER (2)

3,963,080

$30,690,866 19.2%

SOCIAL WORKERS, NURSES, COMPLIANCE PROGRAM 517,508 KAPLAN 1,488,000 EQUIPMENT 17,959 SALARIES:COUNSELORS, PSYCHOLOGISTS, COLLEGE SUMMIT 260,000 SUPPLIES 194,996 CAOLIBRARY SERVICES, SCHOOL MEDIA, SCHOOLS 1,500 PRINTING 14,084 ED OFFICERSCAREER EDUCATION, EARLY CHILDHOOD, ED OFFICER ACCOUNTS 59,280 TRAVEL / MEETING 56,292 SCHOOL PRINCIPALSINFORMATION CENTER, RADIO STATION, LIBRARY SERVICES 27,544 MILEAGE 6,978 ASST. PRINCIPALS

TEACHING AIDES, CURRICULUM SERVICES, SUSAN KATZMAN 18,865 ADVERTISING 18,975

STAFF DEVELOPMENT, VOCATIONAL ED SPECIAL ED 0 OTHER EXPENSE 15,459

SPECIAL SERVICES 63,627 324,745

COMMUNITY EDUCATION 0

OTHER 01,918,816

$112,914,600 70.7% $18,130,236 11.3%



INSTRUCTION

SALARIES & TUITION TEXTBOOKS / PROFESSIONAL OPERATIONS / ALTERNATIVEFRINGES $2,118,556 INSTRUCTIONAL SERVICES SUPPLIES EDUCATION

$71,287,406 MATERIALS $55,520 $696,886 $4,102,287$3,963,080


SALARIES & PROFESSIONAL OPERATIONS / SCHOOLPROFESSIONAL

FRINGES SERVICES SUPPLIES ADMINISTRATION$15,286,621 $1,918,816 $324,745 $12,643,176

DEVELOPMENT$517,508


$23,781,614


CHARTER SCHOOLS



$6,911,392 4.3%

SUPERINTENDENT AUDITING 104,000 LICENSE FEE PERMITS 287,655 SUPPLIES 132,815DEPUTY SUPERINTENDENT LEGAL 874,452 TELEPHONE 46,273 EQUIPMENT 278,706CHIEF FINANCIAL OFFICER HR CONTRACT 139,966 333,928 PRINTING 8,368FINANCE DIVISION INFORM TECH CONTRACT 1,413,965 POSTAGE 62,706HR-PAYROLL-PURCHASING BOARD 39,493 INSURANCE 75,476INFORMATION & TECHNOLOGY RESEARCH EVALUATION 38,864 MEMBERSHIP DUES 38,853DEVELOPMENT OFFICER & SERVICE SUPERINTENDENT'S OFFICE 0 TRAVEL / MEETING 46,213PLANNING SERVICE OTHER CONTRACTS 42,002 OTHER 25,635RESEARCH, EVALUATION, ASSESSMENT 2,652,742 668,771

RECORD ROOM / CENTER - ACHIEVES

STAFF SERVICES

STUDENT ACCOUNTING

INSURANCE

$21,823,150 13.7%

WATER 121,955 BUILDING SERV. 593,021 TELEPHONE 291,750SODEXHO 11,494,938 CONTRACTED REPAIRS 2,499,278 SEWER 243,349 FOOD & COMM 767,408 EQUIPMENT 4,500GARAGE 439,837 PROPERTY SERVICES 136,581 HEATING 569,059 1,360,429 SUPPLIES 6,784TRANSPORTATION 0 REPAIR MANIT 140,387 ELECTRIC 2,890,518 PRINTING 2,000TELEPHONE SETUP 0 PROPERTY BOILER INS. 677,155 3,824,880 OTHER 10,156

11,934,775 OPER. SUPPL. JOB COST 360,343 315,190CAPITAL - PRINCIPAL / INT 542,197GAS & OIL 29,411OTHER PROPERTY SERV. 2,162

4,387,516

ADMINISTRATION


$3,255,951 $2,652,742 $333,928 $668,771



$315,550$4,387,516


TOTAL GOB EXPENDITURESACTUAL

$159,779,378

$11,934,775 OBLIGATIONS $1,360,429

0

5

10

15

20

Revenues

Expenditures

$18.1$17.0

$5.8

$1.1 $1.5

$11.4

$2.5

$7.6

$10.7

$6.5

NON-GENERAL OPERATING FUNDSREVENUES AND EXPENDITURES


Cap

ital

Deb

t

Fede

ral

Food

Svc

Tru

st


December 2007Capital Funds

in thousands

(A) (B) (C) (B-C)


APPROVED DECEMBER

YTD

ACTUAL DECEMBER

YTD VARIANCE

Beginning Fund Balance 120,530$ 119,792$ 119,792$ -$

Local Revenues - - 353 353 State Revenues 11,000 11,000 11,000 - Other Sources - - - -

Gross Revenues 11,000$ 11,000$ 11,353$ 353$

Salary & Benefit Expenditures:Salaries 346$ 173$ 165$ 8$ Benefits 84 42 39 2

Salary & Benefit Expenditures 430$ 216$ 204$ 10$

Non-Payroll Expenditures:Purchased/Professional Services -$ -$ -$ -$ Building Improvement 31,480$ 1,902$ 2,304$ (402) Operational Expenditures - - - - Equipment - - - - Debt Obligations - - - -

Non-Payroll Expenditures 31,480$ 1,902$ 2,304$ (402)$ Total Expenditures 31,910$ 2,117$ 2,509$ (392)$

Net Add. / (Depletion) of Reserves (20,910)$ 8,883$ 8,844$

Ending Fund Balance - Capital (1) 99,620$ 128,675$ 128,637$

1. Fund Balance - Deseg-$99M / AC-$31M2. Variances due to rounding3. Ending Fund Balances are unaudited


December 2007Debt Service

in thousands

(A) (B) (C) (B-C)


APPROVED DECEMBER

YTD

ACTUAL DECEMBER

YTD VARIANCE

Beginning Fund Balance 29,502$ 29,035$ 29,035$ 467$

Local Revenues 23,739 7,122 7,598 476 County Revenues - - - - Other Sources - - - -

Gross Revenues 23,739$ 7,122$ 7,598$ 476$

Non-Payroll Expenditures:Debt Obligations 23,258 10,699 10,699 -

Non-Payroll Expenditures 23,258$ 10,699$ 10,699$ -$ Total Expenditures 23,258$ 10,699$ 10,699$ -$

Net Add. / (Depletion) of Reserves 481$ (3,577)$ (3,102)$

Ending Fund Balance-Debt Svc (1) 29,983$ 25,458$ 25,933$ 1. Ending Fund Balances are unaudited.2. Variances due to rounding

Saint Louis Public SchoolsFY 2007-2008 December 2007Federal Funds

in thousands

(A) (B) (C) (B-C)


APPROVED DECEMBER

YTD

ACTUAL DECEMBER

YTD VARIANCE


Local Revenues - - 122 122 State Revenues - - 157 157 Federal Revenues 64,167 17,325 17,837 512

Total Revenues 64,167$ 17,325$ 18,116$ 790$

Salary & Benefit Expenditures:Salaries 30,173$ 12,572$ 10,518$ 2,054$ Benefits 8,922 3,717 3,624 93

Salary & Benefit Expenditures 39,095$ 16,289$ 14,142$ 2,147$

Non-Payroll Expenditures:Purchased/Professional Services 13,619 1,782 2,302 (519)$ Operational Expenditures 8,533 439 514 (76)

Non-Payroll Expenditures 22,153$ 2,221$ 2,816$ (595)$ Total Expenditures 51,906$ 18,511$ 16,958$ 1,552$

Net Add. / (Depletion) of Reserves 12,261$ (1,185)$ 1,157$

Ending Fund Balance - Federal (1) 13,468$ 21$ 2,364$ 1. Ending Fund Balances are unaudited.2. Variances due to rounding


December 2007Food Service

in thousands

(A) (B) (C) (B-C)


APPROVED DECEMBER

YTD

ACTUAL DECEMBER

YTD VARIANCE

Beginning Fund Balance -$ (672)$ (672)$

Local Revenues 851 511 355 (155) State Revenues 96 - - - Federal Revenues 12,439 5,989 5,502 (486)

Total Revenues 13,386$ 6,500$ 5,857$ (643)$

Salary & Benefit Expenditures:Salaries 72$ 30$ 38$ (8)$ Benefits 7 0 0 0

Salary & Benefit Expenditures 79$ 30$ 38$ (8)$

Non-Payroll Expenditures:Purchased/Professional Services 13,277 5,532 6,453 (921) Supplies - - - - Equipment - - - - Debt Obligations - - - - Operational Expenditures 15 - - -

Non-Payroll Expenditures 13,292$ 5,532$ 6,453$ (921)$ Total Expenditures 13,371$ 5,563$ 6,491$ (929)$

Net Add. / (Depletion) of Reserves 15$ 15$ (634)$

Transfer from GOB -$ -$ -$

Ending Fund Balance-Food Svc (1) 15$ (657)$ 1. Ending Fund Balances are unaudited.2. Variances due to rounding


December 2007Trust & Agency Funds

in thousands

(A) (B) (C) (B-C)


APPROVED DECEMBER

YTD

ACTUAL DECEMBER

YTD VARIANCE


Local Revenues 64 32 714 682 State Revenues - - 404 404 Other Sources 5,051 - - -

Gross Revenues 5,116$ 32$ 1,118$ 1,086$

Salary & Benefit Expenditures:Salaries 2,294$ 1,147$ 850$ 299$ Benefits 680 340 307 33

Salary & Benefit Expenditures 2,974$ 1,487$ 1,155$ 332$

Non-Payroll Expenditures:Purchased/Professional Services 539$ 209$ 161$ 49$ Supplies 847 35 59 (24) Equipment - - 7 (7) Operational Expenditures 756 27 75 (48)

Non-Payroll Expenditures 2,142$ 272$ 301$ (30)$ Total Expenditures 5,116$ 1,759$ 1,457$ 302$

Net Add. / (Depletion) of Reserves (0)$ (1,727)$ (339)$

Transfer from GOB -$ -$ -$

Ending Fund Balance - Trust (1) 5,909$ 3,116$ 4,503$ 1. Ending Fund Balances are unaudited.2. Variances due to rounding

T u it io n S e rv ice P ro fes s io na l E d S vc A u d ito rs & A cc o u n ta n ts S vc L e g a l S erv ice O th e r P ro fe ss ion a l & T e c hn ic a l

P u rcha s ed /P ro fe ssio n a l S v cs

W a terS e w er

H e atingE le c tric

C o n trac te d R e p a irsR e p a ir & M a in te na n ce

P ro p e rty S e rv ices

E q u ip m e nt R en ta lsL a n d & B ld g R en ta lsE n v iro n m e n ta l S vc

P ro p e rty S e rv ice

T o /F ro m S ch o o l F ie ld T rip sS ick & O th erA fte r S ch o o l

B u s P a sses

T ra nsp o rta tion

In su ra n ceL ice nce s /F e es

M e m b ersh ip s & D u esA d ve rtis in g /R e c ru itm e n t

T e lep ho neP o sta ge

P rin tin g & B ind ing

T ra ve l & C o n fe re n ce E xpV e h icle E xp e nse /M ile a ge

F ie ld T rip A d m iss io ns

G e ne ra l S u pp liesE q u ip m e n t/L e ases

S o ftw a re

T e x tbo o ks /W o rkb o o ksL ib ra ry B o o ks /P erio d ica ls

S ta nd a rd ize d T e s ts

O p era tion a l E xp en d itu res

In te re st R e d em p tio n o f P rinc ip a l

D e b t O b liga tio ns

Documents

FISCAL YEAR 2007-2008 Financial Report December 2007 Year To Date