FINANCIAL STATEMENTS JANUARY 2018

Transcription

1 EXHIBIT T-1 SHAKER HEIGHTS CITY SCHOOL DISTRICT OFFICE OF THE TREASURER Parkland Drive Shaker Heights, Ohio (216) Bryan C. Christman Treasurer FINANCIAL STATEMENTS JANUARY 2018

2 INDEX SECTION # SECTION NAME 1. FINANCIAL AND MISCELLANEOUS BRIEFS 2. CHARTS 3. CONSOLIDATED INVESTMENT PORTFOLIO 4. FINANCIAL SUMMARY FOR GENERAL FUND 5. FINANCIAL REPORT BY BANK 6. FINANCIAL REPORT BY FUND 7. REVENUE ACCOUNT SUMMARY 8. BUDGET ACCOUNT SUMMARY 9. SUMMARY CHECK REGISTER ALL CHECKS 10. BOND ISSUE EXPENDITURE SUMMARY

3 1. FINANCIAL AND MISCELLANEOUS BRIEFS

4 SHAKER HEIGHTS BOARD OF EDUCATION SHAKER HEIGHTS, OHIO February 8, 2018 TO: FROM: SUBJECT: Members, Shaker Heights Board of Education Bryan C. Christman, Treasurer Financial and Miscellaneous Briefs I. JANUARY 2018 FINANCIAL OVERVIEW The revenue activity for the month and for the fiscal year-to-date January 2018 has been similar to the same reporting period for the prior year with the following exceptions: The real estate tax advances received in January were $7.4 million more than last year. This difference is partially offset by the 2 nd half of 2017 tax collection variances as described in the next bullet point resulting in a net increase of $6.9 million over the prior YTD period. The real estate tax advances received in July & August this fiscal year were $0.5 million lower than last year. This difference less the $126,000 favorable timing difference in the early 2 nd half advance received in May, nets to a $345,176 permanent 2 nd half settlement unfavorable variance. State Foundation funding in Fiscal 2018 is expected to be the same as in Fiscal 2017 due to the District s transition to being on the guarantee since having reached the previous gain cap limit now no longer in effect due to declining enrollment. Included in Other Local Revenue YTD is the receipt of $1.7 million of capital expenses (primarily the Middle School flat roof and cafeteria ceiling projects) paid for by the General Fund prior to the issuance of the bonds, reimbursed from the bond issuance proceeds received in late December. Although not reflected in the General Fund financial statement (other than in the Total General Obligation Debt Outstanding line 46 of page 1 of the Monthly Financial Statement), we received $9.9 million from the issuance of the bond anticipation notes on December 28 th that was recorded in the Capital Projects Fund 004. The funds are maintained in a separate investment trust account at U.S. Bank and are being invested by our investment advisors, Redtree Investment Group. The BAN s, which will be outstanding for 194 days, mature on July 12, They were issued with a coupon of 3.0%, with a yield of 1.4%, thereby generating a gross premium of $84,645, $27,735 of which was used to pay issuance costs, leaving an excess premium of $56,910 which, in accordance with Ohio Revised Code, was recorded in the Bond Retirement Fund 002 and will be used to pay a part of the interest payment at maturity. The expenditure activity for the month and for the fiscal year-to-date January 2018 was $3.9 million or 7.4% more than the prior year amount, partially due to $1.8 million of payments related to the Middle School roof project along with expected increases in costs as well as timing differences in payment of expenditures. Expenditures were $2.0 million or 3.6% more than budget fiscal year-to-date, but only $555,000 or 0.6% more than budget as projected through fiscal yearend. In summary the District s overall finances are on target with expectations at this time.

5 Financial & Miscellaneous Briefs February 8, 2018 Page 2 of 6 II. JANUARY 2018 FINANCIAL DETAIL REVIEW A. GENERAL FUND (As of January 31, 2018) REVENUE 1. Real Estate Taxes: $6.9 million or 17.9% more than prior year; Excluding the $7.4 million difference due to a higher advance received this year in January vs last, the difference of $470,765 unfavorable difference of which $126,000 is attributable to the favorable timing difference in the early 2 nd half advance received in May, resulting in a $345,176 permanent 2 nd half 2017 settlement unfavorable variance; 66.2% of estimated amount received this year vs. 56.4% last year; and $6.9 million or 17.9% above budget YTD due to the larger advance. 2. Investment Earnings: $500,898 received this year; $137,558 or 37.9% more than prior YTD; 79.6% of estimated amount received this year vs. 76.7% last year; $137,526 or 37.8% above budget for YTD; Cash-basis interest income varies month-to-month and year-to-year due to the varying maturity dates of the investment portfolio; At their July 26, 2017, September 20, 2017, and November 1, 2017 meetings, the Federal Open Market Committee decided to maintain the target range for the federal funds rate at 1 to 1-1/4 percent. At their December 13, 2017 meeting the Committee increased the target range to 1-1/4 to 1-1/2 percent (last adjusted in June 2017). The Committee made no change at their January 31, 2018 meeting. The stance of monetary policy remains accommodative, thereby supporting further improvement in labor market conditions and a return to 2 percent inflation. The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction, and it anticipates doing so until normalization of the level of the federal funds rate is well under way. This policy, by keeping the Committee's holdings of longer-term securities at sizable levels, should help maintain accommodative financial conditions. We continue to monitor all aspects of our portfolio and the interest rate markets, in consultation with our investment advisor, the Redtree Investment Group. Portfolio activity summary comments this month include: Yield on invested securities rose to 1.43% as a result of security purchases with the additional funds added to portfolio. As securities move closer to maturity, RedTree will work to stay active within these positions, creating value and increasing yield. The market is predicting three rate hikes in 2018 as earnings and inflation have started to show signs of strength Portfolio activity summary comments for the Capital Projects Fund investment account for this month include: Portfolio funded on December 28th, 2017 Portfolio is invested in commercial paper at a yield of 1.90% and a duration of 6 months, other comparable investment options with similar durations are yielding around 1.65%.

6 Financial & Miscellaneous Briefs February 8, 2018 Page 3 of 6 Plan for investment is to keep funds short term in the current rising rate environment and maximize commercial paper allocations. 3. Other Local Revenue: $1.7 million or 156.9% more than prior year, all attributable to the receipt of $1.7 million of capital expenses (primarily the Middle School flat roof and cafeteria ceiling projects) paid for by the General Fund prior to the issuance of the bonds, reimbursed from the bond issuance proceeds received in late December. First half of Fiscal 2017 collections included a delayed SF-6 tuition collection, while the first half of Fiscal 2018 included the delayed (from prior fiscal year) receipt in July of $246,010 from the State for the 1 st semester Fiscal 2017 and $359,192 for the 2 nd semester Fiscal 2017 of SF- 14 & SF-14H payments (thusly accounting for a portion of the low collections in Fiscal 2017); 160.1% of estimated amount received this year vs. 51.3% last year; and $1.8 million or 180.3% above budget for YTD. 4. State Foundation: $108,644 or 1.1% less than prior year; 59.4% of estimated amount received this year vs. 58.7% last year; $168,329 or 1.7% above budget for YTD; State Foundation payments are merely estimates until the ADM counts are finalized and adjusted starting in January; however The District is expected to receive approximately the same funding in Fiscal 2018 as in Fiscal 2017 due to now being on the guarantee since having reached the previous gain cap limit now no longer in effect due to declining enrollment coupled with a very small increase in the State formula per pupil funding amount. 5. Homestead Exemption & Rollback (HERB): $43,052 or 1.0% less than prior year; 49.7% of estimated amount received this year vs. 49.4% last year; and $43,052 or 1.0% below budget for YTD. 6. Other State Revenue: $168 or 0.1% more than prior YTD; 24.7% of estimated amount received this year vs. 22.1% last year; and $2,024 or 0.8% below budget for YTD. 7. Federal Receipts: $39,943 or 104.6% more receipts this fiscal YTD than last due to the $49,706 receipt in September of the remaining portion of the Fiscal 2014 Medicaid reimbursement final settlement. 17.8% of estimated amount received this year vs. 9.0% last year; and $39,147 or 100.5% above budget for YTD. 8. Total Revenue: $8.7 million or 15.7% more than prior year; Variance due to differences highlighted above, but primarily due to the $7.4 million larger tax advance received in January plus the $1.7 million from the bond proceeds received in December for the reimbursement of capital expenses paid by the General Fund. 64.7% of estimated amount received this year vs. 55.5% last year; and

7 Financial & Miscellaneous Briefs February 8, 2018 Page 4 of 6 $9.0 million or 16.5% above budget for YTD due to larger tax advance and reimbursement. EXPENDITURES 9. Salaries & Wages: Payrolls averaged $2,302,704 YTD this year vs. $2,222,061 for prior YTD, for a 3.6% increase from last year s payrolls for the same number of year-to-date pay dates; Excluding sick leave severance payments, increase of 3.5% from prior year; Overall change reflects cumulative effect of contractual and step increases, retirements and replacements that went into effect over the last 12 months; YTD total salaries and wages (including severance payments) are 3.8% above prior year, slightly different from above due to timing of grant fund chargebacks; $1,182,903 or 3.8% more than prior year; Variance due to increased salary and wage costs; $89,089 or 0.3% below budget for YTD; Classified overtime paid in January 2018 was $13,965 more than January 2017, while the cumulative YTD payments totaled $21,100 more than the prior YTD; Classified temporary wages this YTD are $15,128 more than last YTD, while certified temporary wages this YTD are $6,171 less than prior YTD; Sick leave severance payments increased by $34,869 or 18.2% to $226,823 through this YTD from $191,954 for prior YTD; Amount and timing of such payments vary from year to year depending on number of retirements. 10. Capital Outlay: $1.9 million or 156.5% more than prior YTD; $2.6 million or 488.5% above budget for YTD; But only $540,000 over budget as projected through the end of the year net of change in encumbrances which include the Middle School roof and cafeteria ceiling projects. 11. Total Expenditures: $3.9 million or 7.4% more than prior YTD; Variance due to timing differences in payments and expected growth in certain expenses, primarily salaries and fringe benefits, including payments totaling $1.8 million for the Middle School roof project in August, September and November; Encumbrances current month-end total of $9.7 million, which includes $3.5 million for out-of-district tuition, are $0.8 million more than prior year. Encumbrance variance primarily attributable, to $0.04 million increase in out-of-district tuition, $0.3 million increase in capital outlay, $0.01 million decrease in pupil transportation, $0.1 million decrease in textbooks, materials & supplies, and $0.5 million increase in professional & technical services. B. CASH BALANCES 1. Cash Balance: Cash balance reflects an increase of $11.3 million from that of one year ago. This is due to the $6.6 million higher beginning of year balance,

8 Financial & Miscellaneous Briefs February 8, 2018 Page 5 of 6 increased by the $4.7 million larger excess of revenues over expenditures for the current YTD vs. the prior YTD. 2. Cash Deficits - Grant Funds: The following cash deficits are due to a delay in the receipt of state or federal fund cash requests from the State: Fund $2,764; Fund $105,289; Fund $7,937; Fund $59,832; Fund $1,631; and Fund $2,388. C. OTHER ITEMS 1. Forms W-2 and 1099 Statements: In compliance with federal law, the District issued in January 1,440 (1,482 the year before) Forms W-2 and 218 (218 the year before) Forms 1099, Miscellaneous Earnings Statements. W-2 s are required to be issued for all employees who earned wages during calendar year 2017 including all substitute employees s are required to be issued for all accounting payments in excess of $600 for services rendered that were made to noncorporate entities during calendar year Casino Revenue: Included in January receipts was the District s share of the semi-annual casino tax distribution to school districts. $122,060 ($120,200 in the prior year) was received by the District in January, and is included in line 10, Other State revenue on the financial summary in Section 4 of this monthly financial report. The increase from the January 2017 amount is due to the combination of a higher per pupil payment amount ($24.88 vs $23.82) and a lower pupil count (4,905 vs 5,047). Such payments are distributed to school districts twice per year in January and August. The amount of such payments is contingent upon the amount of the gross casino revenue (gross revenue net of payments to winners) during the previous six-month period. The District has received $255,373 or a blended $51.27 per pupil in Fiscal 2018, as compared to $255,214, or a blended $49.71 per pupil in Fiscal Bond Resolutions: Included on the February 13 th Board meeting agenda are the two bond resolutions in accordance with the District s bond issuance plan as discussed at the combined November Board of Education and Finance & Audit Committee meeting. As you recall, we issued $9.9 million of short-term bond anticipation notes in late December. The debt financing plan includes issuing the remaining $20,100,000 of the $30 million bond authority as Series 2018A later this spring. Approximately two weeks later, we will issue the long-term bonds to repay the $9.9 million short-term notes that come due in July. This allows us to maintain the special bank qualified status of the $9.9 million of bonds, while minimizing the issuance costs. 4. Enterprise Resource Planning System Status Update: On February 5 th, District representatives (Board President Isaacs, Superintendent Hutchings, Assistant Superintendent Wilkins, Executive Director Rizzo, H.R. Director Cavucci, and Treasurer Christman) visited Berea City School District and met with their Superintendent, H.R. Director and Treasurer to review the Tyler Munis system. On February 7 th, Treasurer Christman met with Beachwood City School District s Treasurer Michelle Mills to discuss their recent conversion to SunGard Financial Software. The District s ITC, Connect is in process of scheduling a SunGard demonstration

9 Financial & Miscellaneous Briefs February 8, 2018 Page 6 of 6 for Shaker viewing in the near future. We are also in process of scheduling a visit to the Brunswick City School District, which has been using SunGard since the summer of 2017.

10 2. CHARTS

11 SHAKER HEIGHTS CITY SCHOOL DISTRICT GENERAL FUND CASH BALANCE $70,000,000 $65,000,000 $60,000,000 $55,000,000 $50,000,000 $45,000,000 $40,000,000 $35,000,000 $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN January 31, 2018

12 SHAKER HEIGHTS CITY SCHOOL DISTRICT GENERAL FUND (Fiscal Year to Date) $100,000,000 $90,000,000 $80,000,000 $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $0 RECEIPTS $63,755,134 EXPENDITURES $56,861,724 January 31, 2018

13 SHAKER HEIGHTS CITY SCHOOL DISTRICT GENERAL FUND RECEIPTS $28,000,000 $26,000,000 $24,000,000 $22,000,000 $20,000,000 $18,000,000 $16,000,000 $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN January 31, 2018

14 SHAKER HEIGHTS CITY SCHOOL DISTRICT GENERAL FUND EXPENDITURES $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN January 31, 2018

15 3. CONSOLIDATED INVESTMENT PORTFOLIO

16 Monthly Investment Report January 31 st, 2018 Call Maturity Settle Yield Wtd Security Coupon Date Date Date Quantity Cost Basis Market Value at Cost Maturity CASH STAR Ohio-General 1/31/2018 $8,526, $8,526, $8,526, STAR Plus 1/31/2018 $0.00 $0.00 $ Tristate 1/31/2018 $0.00 $0.00 $ Huntington - Operating* 1/31/2018 $1,763, $1,763, $1,763, Cash Subtotal $10,290, $10,290, $10,290, % 0.00 SHAKER HEIGHTS CASH AND CDARS TOTAL $10,290, $10,290, $10,290, % 0.00 CERTIFICATES OF DEPOSIT GE Capital Bank, UT /6/2018 6/6/2014 $248, $248, $248, Everbank, FL /30/2018 7/30/2015 $248, $248, $247, Sallie Mae Bank, UT /30/2018 7/30/2014 $247, $247, $246, Pulaski Bank, MO /31/2018 7/31/2015 $249, $249, $249, MB Financial Bank, IL /6/2018 8/6/2015 $249, $249, $248, Compass Savings Bank, PA /7/2018 8/7/2015 $249, $249, $248, ConnectOne Bank, NJ /7/2018 8/7/2015 $249, $249, $248, Worlds Foremost Bank, NE /20/2018 8/20/2015 $200, $200, $200, Medallion Bank, UT /31/2018 8/31/2015 $248, $248, $248, Comenity Capital Bank, UT /19/ /17/2014 $249, $249, $248, Discover Bank, DE /4/2019 6/4/2014 $247, $247, $247, Barclay's Bank, DE /2/2019 7/2/2014 $247, $247, $247, American Express Bank FSB, UT /31/2019 7/31/2014 $247, $247, $246, First Business Bank, WI /31/2019 7/31/2015 $247, $247, $245, Synchrony Bank, UT /1/2019 8/1/2014 $247, $247, $247, American Express Centurion Bank, UT /30/2020 4/30/2015 $247, $247, $245, CIT Bank, UT /30/2020 7/30/2015 $247, $247, $247, Capital One, National Assoc, Mclean, VA /5/2020 8/5/2015 $247, $247, $244, Wells Fargo Bank, SD /16/ /14/2016 $249, $248, $241, Brokered Certificates of Deposit Subtotal $4,661, $4,660, $4,647, % 1.21 COMMERCIAL PAPER Canadian Imp Holdings /24/2018 7/27/2017 $410, $405, $408, Bank of Tokyo - Mitsubishi UFJ - NY, USA /18/2018 8/18/2017 $700, $691, $696, General Electric Capital Corp Treasury /18/2018 8/21/2017 $1,670, $1,652, $1,661, Toyota Motor Credit /18/2018 8/18/2017 $350, $346, $348, Bank of Montreal /21/2018 8/24/2017 $1,600, $1,582, $1,591, Bank of Tokyo - Mitsubishi UFJ - NY, USA /28/2018 1/26/2018 $2,950, $2,926, $2,927, ING US CP /28/2018 1/29/2018 $3,650, $3,621, $3,622, BNP Paribas /29/2018 1/30/2018 $2,275, $2,257, $2,257, JP Morgan /24/ /29/2017 $1,230, $1,213, $1,216, General Electric Capital Corp Treasury /27/ /29/2017 $990, $977, $978, Commercial Paper Subtotal $15,825, $15,676, $15,707, % 0.40 MONEY MARKET FUNDS First American Treasury Obligations Fund 1/31/2018 $22, $22, $22, Money Market Subtotal $22, $22, $22, % 0.00 *Earnings credit to offset bank charges; does not pay actual interest 1

17 Monthly Investment Report January 31 st, 2018 Call Maturity Settle Yield Wtd Security Coupon Date Date Date Quantity Cost Basis Market Value at Cost Maturity US AGENCY GOVERNMENT NOTES Federal Natl Mtg Assoc /21/2018 2/26/2016 $2,830, $2,826, $2,824, Federal Natl Mtg Assoc /13/ /13/ /13/2015 $750, $750, $745, Federal Home Ln Mtg /15/2019 3/18/2016 $4,505, $4,503, $4,456, Federal Home Ln Mtg /24/2018 5/24/2019 7/14/2016 $2,855, $2,855, $2,824, Federal Natl Mtg Assoc /28/2018 6/28/2019 6/27/2016 $3,500, $3,500, $3,456, Federal Home Ln Mtg /19/2019 7/26/2016 $4,855, $4,836, $4,770, Federal Home Ln Bank /5/2019 8/8/2016 $3,000, $2,989, $2,944, Federal Natl Mtg Assoc /27/2018 7/27/2020 7/25/2016 $2,000, $2,000, $1,951, Federal Natl Mtg Assoc /28/2018 8/28/2020 8/26/2016 $3,700, $3,700, $3,609, Federal Farm Credit Bank /7/ /19/2020 8/29/2016 $3,280, $3,280, $3,200, Federal Natl Mtg Assoc /24/2018 8/24/2021 8/26/2016 $3,380, $3,380, $3,247, US Agency Government Notes Subtotal $34,655, $34,620, $34,032, % 1.76 REDTREE OPERATING PORTFOLIO TOTAL $55,163, $54,979, $54,409, % 1.32 MONEY MARKET FUNDS First American Treasury Obligations Fund 1/31/2018 $9, $9, $9, Money Market Subtotal $9, $9, $9, % 0.00 COMMERCIAL PAPER BNP Paribas - 6/29/2018 1/30/2018 $1,155, $1,146, $1,146, Natixis NY - 6/29/2018 1/30/2018 $1,150, $1,141, $1,141, JP Morgan - 7/3/2018 1/4/2018 $1,585, $1,570, $1,572, Toyota Motor Credit - 10/5/2018 1/4/2018 $2,440, $2,405, $2,406, General Electric Capital Corp Treasury - 10/22/2018 1/26/2018 $1,020, $1,005, $1,004, Toyota Motor Credit /26/2018 1/29/2018 $895, $881, $881, Commercial Paper Subtotal $8,245, $8,150, $8,151, % 0.56 REDTREE 2017 BOND PROCEEDS PORTFOLIO TOTAL $8,254, $8,160, $8,161, % 0.56 REDTREE INVESTMENT PORTFOLIO's TOTAL $63,417, $63,139, $62,571, % 1.22 SHAKER HEIGHTS GRAND TOTAL $73,708, $73,430, $72,861, % 1.05 Months to Maturity 2.00% 1.50% 1.00% 0.50% 0.00% > < % 1.43% $3,629,000 $9,721,000 Maturity Distribution $19,950,000 $40,408,361 $0 $9,000,000 $18,000,000 $27,000,000 $36,000,000 $45,000,000 Yield Comparison 0.05% Shaker Heights Star Ohio *Huntington Earnings Credit 1.75% US Treas 1yr BAML Index 47% 6% 14% Investment Allocation 33% Money Market Funds Commercial Paper Certificates of Deposit US Agency Notes *Earnings credit to offset bank charges; does not pay actual interest 2

18 Monthly Transaction Summary Operating Funds January 31 st, 2018 Portfolio Activity Summary Yield on invested securities rose to 1.43% as a result of security purchases with the additional funds added to portfolio. As securities move closer to maturity, RedTree will work to stay active within these positions, creating value and increasing yield. The market is predicting three rate hikes in 2018 as earnings and inflation have started to show signs of strength Redeemed Securities : Sales, Calls, and Maturities Security CUSIP Transaction Date Original Cost Basis Income Received FHLB Discount Note 1/22/ SC1 1/22/18 $1,773, $1, Total Redeemed Securities $1,773, $1, Purchased Securities Security CUSIP Transaction Date Cost Basis Projected Annual Income BNP Paribas CP 6/29/ CFV5 1/31/18 $2,257, $17, Bank of Tokyo NY CP 6/28/ CFU0 1/29/18 $2,926, $23, ING US CP 6/28/ W1FU5 1/29/18 $3,621, $28, Total Security Purchases $8,806, $68, Interest Earnings Received Asset Class Total Income Received Cash (Star Ohio, Star Plus, Huntington) $7, Money Market Funds $ Commercial Paper + Bankers Acceptances $0 Certificates of Deposit $16, U.S. Agency Notes $36, Total Interest Earnings for the period $61, Realized Gains and Losses Security Total Realized Gains and Losses N/A for January Total Realized Gains and Losses for the period $0 3

19 Monthly Transaction Summary 2017 Proceeds Funds January 31 st, 2018 Portfolio Activity Summary Portfolio funded on December 28 th, 2017 Portfolio is invested in commercial paper at a yield of 1.90% and a duration of 6 months, other comparable investment options with similar durations are yielding around 1.65%. Plan for investment is to keep funds short term in the current rising rate environment and maximize commercial paper allocations. Redeemed Securities : Sales, Calls, and Maturities Security CUSIP Transaction Date Original Cost Basis Income Received FHLB Discount Note 1/22/ SC1 1/22/18 $3,000, $2, Total Redeemed Securities $3,000, $2, Purchased Securities Security CUSIP Transaction Date Cost Basis Projected Annual Income JP Morgan CP 7/3/ QG39 1/5/18 $1,570, $14, Toyota CP 10/5/ HK52 1/8/18 $2, $34, GE Cap CP 10/22/ KKN0 1/29/18 $1,005, $14, BNP Paribas CP 6/29/ CFV5 1/31/18 $1,146, $8, Natixis CP 6/29/ KFV4 1/31/18 $1,141, $8,567.5 Toyota CP 10/26/ HKS2 1/31/18 $881, $13, Total Security Purchases $8,150, $94, Interest Earnings Received Asset Class Total Income Received Money Market Funds $ Commercial Paper + Bankers Acceptances $0 U.S. Agency Notes $2, Total Interest Earnings for the period $ Realized Gains and Losses Security Total Realized Gains and Losses N/A for January Total Realized Gains and Losses for the period $0 3

20 4. FINANCIAL SUMMARY FOR GENERAL FUND

21 SCHOOL DISTRICT General Fund - Financial Statement Fiscal Year Ending June 30, A B CD E F G H I J K L M N O P Q R Month of January Year-To-Date January Year-To-Date January Actual F18 Actual F17 $ Inc(Dec) %Inc(Dec) Actual F18 Actual F17 $ Inc(Dec) %Inc(Dec) YTDBud.F18 $ Inc(Dec) %Inc(Dec) REVENUE: Real Estate Taxes $15,091,000 $7,716,000 $7,375, % $45,571,671 $38,667,436 $6,904, % $38,667,847 $6,903, % Personal Property Taxes #DIV/0! 23, ,526 #DIV/0! 0 23,526 #DIV/0! Investment Earnings 60,074 53,493 6, % 500, , , % 363, , % Other Local 73,905 46,647 27, % 2,777,940 1,081,209 1,696, % 991,069 1,786, % State Foundation 1,448,052 1,374,356 73, % 10,165,283 10,273,927 (108,644) -1.1% 9,996, , % Homestead Exemption & RollBack #DIV/0! 4,377,394 4,420,446 (43,052) -1.0% 4,420,446 (43,052) -1.0% Other State 122, ,200 1, % 260, , % 262,331 (2,024) -0.8% Federal-primarily Medicaid reimb. 6,563 13,230 (6,667) -50.4% 78,115 38,172 39, % 38,968 39, % Transfers & Advances In #DIV/0! #DIV/0! 0 0 #DIV/0! TOTAL REVENUE 16,801,654 9,323,926 7,477, % 63,755,134 55,104,669 8,650, % 54,740,987 9,014, % EXPENDITURES: Salaries & Wages 4,607,201 4,484, , % 32,306,615 31,123,712 1,182, % 32,395,704 (89,089) -0.3% Fringe Benefits: Health Insurance 764, ,161 42, % 5,248,605 4,921, , % 5,216,000 32, % Retirement Expense 727, ,689 33, % 5,147,734 4,863, , % 5,033, , % All Other Fringes 215, ,513 49, % 907, ,333 76, % 870,130 37, % Total Fringe Benefits 1,706,805 1,581, , % 11,303,782 10,615, , % 11,119, , % Purchased Services: Utilities 120,099 91,196 28, % 732, ,409 (33,944) -4.4% 802,352 (69,887) -8.7% Out-of-District Tuition 250, ,366 (25,160) -9.1% 2,553,174 2,348, , % 2,465,983 87, % Pupil Transportation 27,810 68,758 (40,948) -59.6% 503, ,870 (36,126) -6.7% 566,949 (63,205) -11.1% Repairs & Maintenance 27,587 82,682 (55,095) -66.6% 481, , , % 372, , % All Other Purchased Services 300, ,264 30, % 2,572,867 2,586,218 (13,351) -0.5% 2,994,199 (421,332) -14.1% Total Purchased Services 725, ,266 (61,454) -7.8% 6,843,987 6,599, , % 7,201,786 (357,799) -5.0% Textbooks, Materials & Supplies 111, ,914 (2,999) -2.6% 1,994,977 2,159,521 (164,544) -7.6% 2,351,949 (356,972) -15.2% Capital Outlay 234, , , % 3,176,215 1,238,245 1,937, % 539,695 2,636, % Other-primarily Cty.Aud.&Treas.Fees 20,308 87,445 (67,137) -76.8% 1,066,148 1,059,339 6, % 1,095,977 (29,829) -2.7% Transfers & Advances Out 70,000 65,000 5, % 170, ,000 15, % 175,000 (5,000) -2.9% TOTAL EXPENDITURES 7,476,824 7,225, , % 56,861,724 52,950,801 3,910, % 54,879,241 1,982, % Net Revenues/(Expenditures) 9,324,830 2,098,925 7,225, % 6,893,410 2,153,868 4,739, % (138,254) 7,031, % Cash, Beginning of Period 45,338,544 41,260,874 4,077, % 47,769,964 41,205,931 6,564, % 47,769, % Cash, End of Month 54,663,374 43,359,799 11,303, % 54,663,374 43,359,799 11,303, % 47,631,710 7,031, % Less O/S Encumbrances 9,692,700 8,897, , % 9,692,700 8,897, , % 8,900, , % Less Budget Reserve 353, , % 353, , % 353, % Fund Balance, End of Month $44,617,604 $34,109,423 $10,508, % $44,617,604 $34,109,423 $10,508, % $38,378,640 $6,238, % % % Total General Obligation Debt Outstanding $23,849,310 $15,979, FS07Jan18 Rev /SummaryF18 2/8/2018

22 SHAKER HEIGHTS CITY SCHOOL DISTRICT General Fund-Budget by Month Fiscal Year Ending June 30, 2018 FS07Jan18 Rev F18MvgMthlyBudget 2/8/ A B AA AB AC AD AE AF AG AH AI AJ AK AL AM AN AP AQ BUDGET BUDGET BUDGET BUDGET Adopted Var Fav/(Unfav) Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Var. Deemed Total Budget Deemed REVENUE: Actual Actual Actual Actual Actual Actual Actual Budget Budget Budget Budget Budget Temporary Rev.Proj. Permanent Real Estate Taxes $10,022,000 $20,458,671 $0 $0 $0 $0 $15,091,000 $25,491,000 $3,483,000 $0 $1,172,000 $0 (7,249,000) $68,468,671 $68,813,847 ($345,176) Personal Property Taxes , , ,526 Investment Earnings 51,588 80,777 33,865 73,711 97, ,092 60,074 94,853 11,425 60,802 62,990 35,558 (77,526) 689, ,000 60,000 Other Local 622,239 74, ,393 17,285 45,656 1,822,989 73, , ,204 99,105 49, ,467 (286,871) 3,234,835 1,734,835 1,500,000 State Foundation 1,423,682 1,467,478 1,420,400 1,536,272 1,422,639 1,446,760 1,448,052 1,422,977 1,422,977 1,422,977 1,422,977 1,422,979 (168,329) 17,111,841 17,111,841 0 Homestead Exemption & RollBack ,377, ,380, ,757,611 8,800,663 (43,052) Other State 0 138, , ,669 2,024 1,054,000 1,054,000 0 Federal-primarily Medicaid reimb , ,141 12,847 6,563 16,318 14,741 6,285 15, ,550 (78,403) 399, ,000 (39,256) Transfers & Advances In TOTAL REVENUE 12,119,509 22,219,646 1,626,222 6,004,662 1,574,227 3,409,214 16,801,654 27,147,448 5,205,347 1,589,169 7,103,012 2,797,223 (7,858,105) 99,739,228 98,583,186 1,156,042 EXPENDITURES: Salaries & Wages 4,514,259 4,483,567 4,567,175 4,600,482 4,795,473 4,738,458 4,607,201 4,647,692 4,689,352 4,728,310 4,606,599 5,200,343 89,089 56,268,000 56,268,000 0 Fringe Benefits: Health Insurance 753, , , , , , , , , , , , ,395 9,124,000 8,969,000 (155,000) Retirement Expense 741, , , , , , , , , , , ,000 (114,735) 8,745,000 8,745,000 0 All Other Fringes 115, , , , , , , , , , , ,969 (2,312) 1,509,300 1,474,300 (35,000) Total Fringe Benefits 1,609,531 1,591,116 1,604,584 1,575,127 1,615,610 1,601,009 1,706,805 1,598,926 1,600,325 1,595,335 1,591,615 1,682,969 5,348 19,378,300 19,188,300 (190,000) Purchased Services: 15.54% 15.54% Utilities 84,945 81,095 82, , , , ,099 88, , ,075 99, , ,885 1,427,602 1,362,602 (65,000) Out-of-District Tuition 120, , , , , , , , , , , ,284 (87,190) 4,853,000 4,853,000 0 Pupil Transportation 50,363 35,446 4, , , ,150 27, , ,965 65, , ,822 63,207 1,331,000 1,331,000 0 Repairs & Maintenance 65, , ,697 49,409 20,094 61,429 27,587 32,776 55,976 23,292 74,349 36,304 (44,435) 660, ,000 (65,000) All Other Purchased Services 261, , , , , , , , , , , , ,332 5,504,000 5,654, ,000 Total Purchased Services 583,189 1,015, ,880 1,731, ,349 1,221, ,812 1,237,169 1,311, ,732 1,348,568 1,725, ,799 13,775,602 13,795,602 20,000 Textbooks, Materials & Supplies 339, , , , , , , , , , , , ,972 3,162,000 3,312, ,000 Capital Outlay 71,184 1,286, , , ,534 75, ,783 32,734 5,077 34, ,914 20,714 (2,096,520) 1,340, ,000 (540,000) Other-primarily Cty.Aud.&Treas.Fees 74, ,423 31,711 12,964 9, ,409 20,308 40, ,742 8,194 37,980 31,965 29,829 1,853,375 1,853,375 0 Transfers & Advances Out , , , , ,000 5,000 TOTAL EXPENDITURES 7,191,764 9,438,300 7,714,986 8,506,686 8,437,284 8,095,880 7,476,824 7,787,831 8,413,879 7,517,617 8,058,668 8,830,041 (1,427,483) 96,042,277 95,487,277 (555,000) Net Revenues/(Expenditures) 4,927,745 12,781,346 (6,088,764) (2,502,024) (6,863,057) (4,686,666) 9,324,830 19,359,617 (3,208,532) (5,928,448) (955,656) (6,032,818) (6,430,622) 3,696,951 3,095, ,042 Cash, Beginning of Period 47,769,964 52,697,709 65,479,055 59,390,291 56,888,267 50,025,210 45,338,544 54,663,374 74,022,991 70,814,459 64,886,011 63,930,355 47,769,964 47,769,964 0 Cash, End of Month 52,697,709 65,479,055 59,390,291 56,888,267 50,025,210 45,338,544 54,663,374 74,022,991 70,814,459 64,886,011 63,930,355 57,897,537 (6,430,622) 51,466,915 50,865, ,042 Less O/S Encumbrances 12,657,730 14,315,014 13,793,378 12,439,133 11,042,782 10,125,061 9,692,700 7,900,000 7,400,000 7,400,000 8,000,000 5,254, ,254,840 5,254,840 0 Less Budget Reserve 353, , , , , , , , , , , , , ,070 0 Fund Balance, End of Month $39,686,909 $50,810,971 $45,243,843 $44,096,064 $38,629,358 $34,860,413 $44,617,604 $65,769,921 $63,061,389 $57,132,941 $55,577,285 $52,289,627 ($6,430,622) $45,859,005 $45,257,963 $601,042

23 5. FINANCIAL REPORT BY BANK

24 SHAKER HEIGHTS CITY SCHOOL DISTRICT FINANCIAL REPORT BY BANK JANUARY 2018 BEGINNING OF RECEIPTS EXPENDITURES CURRENT YEAR BALANCE MTD YTD MTD YTD FUND BALANCE HUNTINGTON ($1,302,203.86) $8,542, $71,732, $8,863, $70,961, ($531,437.44) INVESTMENTS & OTHER 59,038, ,995, ,391, ,430, DEPOSITS Payroll Funding Transfer A/C -for 1st of next mth 2,294, , , ,392, GRAND TOTAL $60,030, $19,547, $86,222, $8,863, $70,961, $75,291, Note-HNB A/C is negative due to o/s cks that will be covered by transfers from the Inv.&OtherDeposits A/C in accordance with controlled disbursement feature of HNB A/C. 07BankPosition Final Rev JAN

25 6. FINANCIAL REPORT BY FUND

26 Date: 02/08/2018 Shaker Heights City Schools Page: 1 Time: 12:06 pm Financial Report by Fund (FINSUM) FY 18 FYTD MTD FYTD Current Current Unencumbered Begin Balance MTD Receipts Receipts Expenditures Expenditures Fund Balance Encumbrances Fund Balance TOTAL FOR Fund GENERAL: 47,769, ,801, ,755, ,476, ,861, ,663, ,692, ,970, TOTAL FOR Fund BOND RETIREMENT: 3,300, ,046, ,336, ,155, ,481, , ,471, TOTAL FOR Fund PERMANENT IMPROVEMENT: , , , , TOTAL FOR Fund BUILDING: 415, , ,950, ,195, ,170, ,077, ,092, TOTAL FOR Fund FOOD SERVICE: 533, , , , , , ,046, , TOTAL FOR Fund SPECIAL TRUST: 19, , , , , , , TOTAL FOR Fund UNIFORM SCHOOL SUPPLIES: 26, , , , , , , TOTAL FOR Fund ROTARY-SPECIAL SERVICES: 132, , , , , TOTAL FOR Fund ROTARY-INTERNAL SERVICES: 129, , , , , , , , TOTAL FOR Fund PUBLIC SCHOOL SUPPORT: 142, , , , , , , , TOTAL FOR Fund SPECIAL ENTERPRISE FUND: 29, , , , , , TOTAL FOR Fund DISTRICT AGENCY: 1,711, , , , , ,460, ,460, TOTAL FOR Fund EMPLOYEE BENEFITS SELF INS.: 4,384, , ,506, , ,100, ,790, ,790, TOTAL FOR Fund WORKMANS COMPENSATION-SELF IN 500, , , , TOTAL FOR Fund STUDENT MANAGED ACTIVITY: 212, , , , , , , , TOTAL FOR Fund DISTRICT MANAGED ACTIVITY: 194, , , , , , , ,613.08

27 Date: 02/08/2018 Shaker Heights City Schools Page: 2 Time: 12:06 pm Financial Report by Fund (FINSUM) FY 18 FYTD MTD FYTD Current Current Unencumbered Begin Balance MTD Receipts Receipts Expenditures Expenditures Fund Balance Encumbrances Fund Balance TOTAL FOR Fund AUXILIARY SERVICES: 535, , , , , , , , TOTAL FOR Fund DATA COMMUNICATION FUND: , , TOTAL FOR Fund MISCELLANEOUS STATE GRANT FUN , , , , , , TOTAL FOR Fund IDEA PART B GRANTS: 1, , , , , , , TOTAL FOR Fund LIMITED ENGLISH PROFICIENCY: , , , , , TOTAL FOR Fund TITLE I DISADVANTAGED CHILDRE 2, , , , , , , TOTAL FOR Fund IDEA PRESCHOOL-HANDICAPPED: , , , , , , TOTAL FOR Fund IMPROVING TEACHER QUALITY: 3, , , , , , , , GRAND TOTALS: 60,030, ,547, ,222, ,863, ,961, ,291, ,211, ,079,333.36

28 7. REVENUE ACCOUNT SUMMARY

29 Date: 02/08/18 Shaker Heights City Schools Page: 1 Time: 12:06 pm Revenue Account Summary (REVSUM) SORTED BY FUND/RCPT FY 18 FUND: 001 (GENERAL) FYTD MTD YTD FYTD FYTD FYTD Actual Actual Actual Balance Percent Receivable Receipts Receipts Receipts Receivable Received *****TOTAL FOR RCPT 1111 (GEN. PROP. TAX - REAL UNRESERV): 65,985, ,340, ,091, ,091, ,644, *****TOTAL FOR RCPT 1121 (BUSINESS PERSONAL PROP. TAX): , , *****TOTAL FOR RCPT 1122 (PUBLIC UTILITY PERSONAL PROP.): 2,771, ,230, ,541, *****TOTAL FOR RCPT 1190 (OTHER RECEIPTS (LOCAL TAXES)): 122, , , , , *****TOTAL FOR RCPT 1211 (TUITION/PAT-REGULAR DAY SCHOOL): 121, , , , , *****TOTAL FOR RCPT 1221 (TUITION/DST-REGULAR DAY SCHOOL): 285, , , *****TOTAL FOR RCPT 1223 (TUITION/DST-SPECIAL EDUCATION): 574, , , *****TOTAL FOR RCPT 1390 (OTHER TRANSPORTATION FEES): 45, , , *****TOTAL FOR RCPT 1410 (INTEREST IN INVESTMENTS): 628, , , , ,

30 Date: 02/08/18 Shaker Heights City Schools Page: 2 Time: 12:06 pm Revenue Account Summary (REVSUM) SORTED BY FUND/RCPT FY 18 FYTD MTD YTD FYTD FYTD FYTD Actual Actual Actual Balance Percent Receivable Receipts Receipts Receipts Receivable Received *****TOTAL FOR RCPT 1631 (DUES/FEES-ACADEMIC ORIENTED): 63, , *****TOTAL FOR RCPT 1632 (DUES/FEES-LANGUAGE ORIENTED): 1, , *****TOTAL FOR RCPT 1634 (DUES/FEES-MUSIC ORIENTED): , , *****TOTAL FOR RCPT 1730 (SALE OF TEXTBOOKS): 1, , , *****TOTAL FOR RCPT 1810 (RENTALS): 88, , , , , *****TOTAL FOR RCPT 1839 (SERVICES PROVIDED-OTHER ENTITY): 345, , , *****TOTAL FOR RCPT 1860 (FINES): 15, , , *****TOTAL FOR RCPT 1890 (OTHER MISCELLANEOUS RECEIPTS): 225, ,771, , , ,545, *****TOTAL FOR RCPT 3110 (SCHOOL FOUNDATION ALLOWANCE): 17,111, ,165, ,448, ,448, ,946, *****TOTAL FOR RCPT 3131 (10% AND 2.5% ROLLBACK): 7,361, ,666, ,695,

31 Date: 02/08/18 Shaker Heights City Schools Page: 3 Time: 12:06 pm Revenue Account Summary (REVSUM) SORTED BY FUND/RCPT FY 18 FYTD MTD YTD FYTD FYTD FYTD Actual Actual Actual Balance Percent Receivable Receipts Receipts Receipts Receivable Received *****TOTAL FOR RCPT 3132 (HOMESTEAD EXEMPTION): 1,439, , , *****TOTAL FOR RCPT 3190 (OTHER UNRESTRC GRANTS-IN-AID): 260, , , , *****TOTAL FOR RCPT 3219 (OTHER REST GRANTS-IN-AID/STATE): 785, , *****TOTAL FOR RCPT 4120 (UNRES GRANT FED FROM STATE): 99, , , , , *****TOTAL FOR RCPT 4139 (UNRES FROM FED/OTHER INTERMED.): 330, , , *****TOTAL FOR FUND 001 (GENERAL): 98,666, ,755, ,801, ,801, ,911, FUND: 002 (BOND RETIREMENT) *****TOTAL FOR RCPT 1111 (GEN. PROP. TAX - REAL UNRESERV): 2,642, ,061, ,046, ,046, , *****TOTAL FOR RCPT 1121 (BUSINESS PERSONAL PROP. TAX): *****TOTAL FOR RCPT 1122 (PUBLIC UTILITY PERSONAL PROP.): , ,

32 Date: 02/08/18 Shaker Heights City Schools Page: 4 Time: 12:06 pm Revenue Account Summary (REVSUM) SORTED BY FUND/RCPT FY 18 FYTD MTD YTD FYTD FYTD FYTD Actual Actual Actual Balance Percent Receivable Receipts Receipts Receipts Receivable Received *****TOTAL FOR RCPT 1890 (OTHER MISCELLANEOUS RECEIPTS): 59, , *****TOTAL FOR RCPT 1911 (PREM ON SALE OF BONDS & NOTES): , , *****TOTAL FOR RCPT 3131 (10% AND 2.5% ROLLBACK): , , *****TOTAL FOR RCPT 3132 (HOMESTEAD EXEMPTION): , , *****TOTAL FOR FUND 002 (BOND RETIREMENT): 2,701, ,336, ,046, ,046, , FUND: 003 (PERMANENT IMPROVEMENT) *****TOTAL FOR RCPT 1111 (GEN. PROP. TAX - REAL UNRESERV): , , , , *****TOTAL FOR FUND 003 (PERMANENT IMPROVEMENT): , , , , FUND: 004 (BUILDING) *****TOTAL FOR RCPT 1410 (INTEREST IN INVESTMENTS): , , , , *****TOTAL FOR RCPT 1890 (OTHER MISCELLANEOUS RECEIPTS): 4,674, , , , ,640,

33 Date: 02/08/18 Shaker Heights City Schools Page: 5 Time: 12:06 pm Revenue Account Summary (REVSUM) SORTED BY FUND/RCPT FY 18 FYTD MTD YTD FYTD FYTD FYTD Actual Actual Actual Balance Percent Receivable Receipts Receipts Receipts Receivable Received *****TOTAL FOR RCPT 1921 (SALE OF BONDS): ,900, ,900, *****TOTAL FOR RCPT 1934 (INSURANCE PROCEEDS): , , , , *****TOTAL FOR FUND 004 (BUILDING): 4,674, ,950, , , ,276, FUND: 006 (FOOD SERVICE) *****TOTAL FOR RCPT 1410 (INTEREST IN INVESTMENTS): 4, , *****TOTAL FOR RCPT 1511 (SALES OF BREAKFASTS TO STUD): 38, , , , , *****TOTAL FOR RCPT 1512 (SALE OF TYPE A LUNCH TO STUD): 333, , , , , *****TOTAL FOR RCPT 1513 (SALES OF ALA CARTE TO STUD): 513, , , , , *****TOTAL FOR RCPT 1514 (SALES OF MILK TO STUDENTS): 22, , , , , *****TOTAL FOR RCPT 1523 (SALES OF ALA CARTE TO ADULTS): 32, , , , ,

34 Date: 02/08/18 Shaker Heights City Schools Page: 6 Time: 12:06 pm Revenue Account Summary (REVSUM) SORTED BY FUND/RCPT FY 18 FYTD MTD YTD FYTD FYTD FYTD Actual Actual Actual Balance Percent Receivable Receipts Receipts Receipts Receivable Received *****TOTAL FOR RCPT 1559 (FOOD SERV- OTHER SPECIAL FUNC.): 4, , , , , *****TOTAL FOR RCPT 1590 (FOOD SERVICES-OTHER RECEIPTS): 4, , *****TOTAL FOR RCPT 1890 (OTHER MISCELLANEOUS RECEIPTS): 59, , , *****TOTAL FOR RCPT 3213 (SCHOOL LUNCH): 20, , *****TOTAL FOR RCPT 4120 (UNRES GRANT FED FROM STATE): 974, , , , , *****TOTAL FOR FUND 006 (FOOD SERVICE): 2,000, , , , ,105, FUND: 007 (SPECIAL TRUST) *****TOTAL FOR RCPT 1490 (OTHER EARNINGS ON INVESTMENT): *****TOTAL FOR RCPT 1621 (SALES-ACADEMIC ORIENTED): *****TOTAL FOR RCPT 1631 (DUES/FEES-ACADEMIC ORIENTED): , ,

35 Date: 02/08/18 Shaker Heights City Schools Page: 7 Time: 12:06 pm Revenue Account Summary (REVSUM) SORTED BY FUND/RCPT FY 18 FYTD MTD YTD FYTD FYTD FYTD Actual Actual Actual Balance Percent Receivable Receipts Receipts Receipts Receivable Received *****TOTAL FOR RCPT 1820 (CONTRIB & DONATION - PRIVATE): 65, , , *****TOTAL FOR RCPT 2200 (RESTRICTED GRANTS-IN-AID): 17, , *****TOTAL FOR FUND 007 (SPECIAL TRUST): 83, , , FUND: 009 (UNIFORM SCHOOL SUPPLIES) *****TOTAL FOR RCPT 1710 (CLASSROOM SUPPLIES): 25, , , , , *****TOTAL FOR RCPT 1720 (SALE OF WORKBOOKS): 1, , *****TOTAL FOR RCPT 1740 (CLASS FEES): 100, , , *****TOTAL FOR RCPT 1790 (OTHER CLASSRM MATERIALS & FEES): 2, , *****TOTAL FOR RCPT 1890 (OTHER MISCELLANEOUS RECEIPTS): *****TOTAL FOR FUND 009 (UNIFORM SCHOOL SUPPLIES): 130, , , , , FUND: 011 (ROTARY-SPECIAL SERVICES)

36 Date: 02/08/18 Shaker Heights City Schools Page: 8 Time: 12:06 pm Revenue Account Summary (REVSUM) SORTED BY FUND/RCPT FY 18 FYTD MTD YTD FYTD FYTD FYTD Actual Actual Actual Balance Percent Receivable Receipts Receipts Receipts Receivable Received *****TOTAL FOR RCPT 1559 (FOOD SERV- OTHER SPECIAL FUNC.): *****TOTAL FOR RCPT 1631 (DUES/FEES-ACADEMIC ORIENTED): 118, , , *****TOTAL FOR RCPT 1634 (DUES/FEES-MUSIC ORIENTED): 16, , , *****TOTAL FOR RCPT 1810 (RENTALS): *****TOTAL FOR RCPT 1890 (OTHER MISCELLANEOUS RECEIPTS): 5, , *****TOTAL FOR FUND 011 (ROTARY-SPECIAL SERVICES): 140, , , FUND: 014 (ROTARY-INTERNAL SERVICES) *****TOTAL FOR RCPT 1390 (OTHER TRANSPORTATION FEES): 3, , , *****TOTAL FOR RCPT 1626 (SALES-SCHOOL & PUBLIC SERVICE): 6, , , *****TOTAL FOR RCPT 1631 (DUES/FEES-ACADEMIC ORIENTED): 20, , ,