Provo City School District Budget Study Session - Proposed Preliminary Budget FY 2020-21

Legislative Special Session Impacts upcoming budget cuts due to economic changes and COVID-19 uncertainty. Budgeting process, guiding principles focusing on student achievement, optimal resource allocation, equity, and transparency.

• Budget Study
• Legislative Session
• Education
• Budget Process
• Student Achievement

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1. PROVO CITY SCHOOL DISTRICT BUDGET STUDY SESSION PROPOSED PRELIMINARY BUDGET: FY 2020-21 FINAL BUDGET: FY 2019-20 Version May 20, 2019

2. LEGISLATIVE SPECIAL SESSION IMPACTS Upcoming Special Session in June 2020 Possible 2%, 5%, or 10% cuts to education budget in FY21 HJR301 Joint Resolution Urging Fiscal Responsibility This resolution: recognizes that Utah's economy has changed since the Legislature finalized the 2021 state budget; acknowledges the economic uncertainty created by the COVID-19 emergency; and urges state and local government entities, including state agencies, state boards, and state and local educational institutions to: limit spending for the remainder of the fiscal year ending on June 30, 2020; and plan for smaller budgets for the fiscal year beginning July 1, 2020, and ending on June 30, 2021. This budget assumes a 0% increase in state funding in FY21, meaning adjustments will need to be made if we see significant cuts to that funding stream.

3. BUDGETING PROCESS Set Plan and Prepare Pay for Priorities Implement Plan Ensure Sustainability Instructional Priorities Organize Process Assess Landscape Start Engaging Stakeholders Develop Priorities Estimate Cost of Priorities Identify Top Savings Options Analyze Top Savings Options Balance Budget Tradeoffs Adopt Strategic Financial Plan Adopt Annual Budget Build Internal Capacity Plan for Continuous Improvement

4. GUIDING PRINCIPLES A. Goals for student achievement should be a priority for the budget process. B. Programs and providers that have a demonstrated track record of success in achieving the Board s desired learning outcomes for students will be prioritized for funding. C. The budget process seeks to allocate available resources optimally, in a way that will create the most benefit for the children we serve, including instruction as well as safety and security D. The budget process will encourage review of past spending decisions, including identifying and discontinuing programs that are not achieving their objectives or are not as cost effective as available alternatives. E. The district budget will ensure that every student is given an equal chance to succeed through equity in funding among the general student population as well as providing extra support for struggling students. F. The district will maintain a long-term perspective in the budgeting process to ensure consistent application of proven strategies to better achieve student performance goals. G. The district will be transparent in the budgeting process, including providing true costs of serving students, identifying constraints on spending, and being clear regarding which actions are being funded.

5. FISCAL YEAR 2021 REVENUE

6. LOCAL REVENUE TAXES, INDIRECT COSTS, INTEREST INCOME, FEES, LUNCH SALES, DONATIONS

7. INDIRECT COST RATES 18.00% 16.72% 16.00% 14.19% 14.00% 13.81% 13.19% 12.37% 12.14% 12.00% 10.19% 10.00% 9.71% 8.00% 7.06% 6.00% 5.65% 5.37% 5.22% 4.91% 4.35% 4.30% 4.14% 4.00% 2.81% 2.00% 1.27% 0.00% FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 Restricted Non-Restricted Linear (Restricted) Linear (Non-Restricted)

8. TAX RATES BY LEVY Tax Year 2018 to 2019 Tax Year 2018 0.001666 0.001094 0.001682 0.000089 0.001692 0.001353 0.007576 Tax Year 2019 0.001661 0.001016 0.001548 0.000097 0.001550 0.001257 0.007129 Difference (0.000005) (0.000078) (0.000134) 0.000008 (0.000142) (0.000096) (0.000447) Basic Program (53A-17a-135) Voted Leeway (53A-17a-133) Board Local Levy (53A-17a-164) Charter School Levy Gen Oblig Debt (11-14-19/53A-17a-145/53A-21-103) Capital Local Levy (53A-17a-164) TOTALS - ALL FUNDS 0.002000 0.001500 0.001000 0.000500 0.000000 Tax Year 2018 Tax Year 2019

9. TAX RATES BY LEVY Tax Year 2018 to 2019 Potential Truth in Taxation Tax Year 2019 0.001661 0.001016 0.001548 0.000097 0.001550 0.001257 0.007129 Tax Year 2019 (TnT) Difference 0.001661 0.001016 0.002078 0.000097 0.001550 0.001257 0.007659 Basic Program (53A-17a-135) Voted Leeway (53A-17a-133) Board Local Levy (53A-17a-164) Charter School Levy Gen Oblig Debt (11-14-19/53A-17a-145/53A-21-103) Capital Local Levy (53A-17a-164) TOTALS - ALL FUNDS 0.000000 0.000000 0.000530 0.000000 0.000000 0.000000 0.000530 0.002000 0.001500 0.001000 0.000500 0.000000 Tax Year 2019 Tax Year 2019 (TnT)

10. TAX RATES BY LEVY Tax Year 2018 to 2019 Annual Tax Payment Impact (incl TnT) Tax Year 2019 Tax Year 2019 (TnT) $278,000 45% $152,900 Tax Year 2019 Tax Year 2019 (TnT) $278,000 0% $278,000 House Value Residential Exemption Assessed Value $278,000 Business Value Residential Exemption Assessed Value $278,000 45% 0% $152,900 $278,000 District Total Tax Rate 0.007129 0.007659 District Total Tax Rate 0.007129 0.007659 District Property Taxes $1,090.02 $1,171.06 District Property Taxes $1,981.86 $2,129.20 Tax change impact: $81.04 $147.34

11. TAX RATE COMPARISON So. Sanpete Tooele Morgan Duchesne Nebo Logan Ogden Wasatch Provo Ogden Alpine Nebo 0.007129 0.008392 0.006699 0.008749 Provo (TnT) Davis San Juan Cache Grand No. Sanpete Box Elder Provo Canyons Sevier Juab Millard Alpine State Average Jordan Carbon Garfield Tintic Washington Murray Iron Beaver Weber Granite Uintah Emery So. Summit No. Summit Piute Daggett Rich Wayne Park City Salt Lake Kane 0.000000 0.002000 0.004000 0.006000 0.008000 0.010000 0.012000

12. INVESTMENT INCOME PTIF Rates YEAR MONTH 365 DAY YEAR 2018 2018 2018 2018 2018 2018 2018 2017 2017 2017 2017 2017 2017 MONTH 365 DAY JUL JUN MAY APR MAR FEB JAN DEC NOV OCT SEP AUG JUL 2.58007715 2.50069878 2.35168566 2.20083176 2.03023601 1.864868 1.72908628 1.63397864 1.6053174 1.56213534 1.52804972 1.47819764 1.4083534 2020 2020 2020 2020 2019 2019 2019 2019 2019 2019 2019 2019 2019 2019 2019 2019 2018 2018 2018 2018 2018 APR MAR FEB JAN DEC NOV OCT SEP AUG JUL JUN MAY APR MAR FEB JAN DEC NOV OCT SEP AUG 1.43987328 1.66269714 2.10334786 2.20062679 2.28486587 2.39755656 2.53597313 2.60142256 2.72623717 2.86632397 2.89828914 2.89835432 2.97590265 2.99705665 2.97779905 2.91092472 2.8035881 2.73872678 2.64862954 2.59789328 2.58357023 3.5 3 2.5 2 1.5 1 0.5 0 MAR MAR MAR JUL JUN JUL JUN JUL NOV JAN MAY NOV JAN MAY NOV JAN OCT OCT OCT AUG DEC APR AUG DEC APR AUG DEC APR SEP FEB SEP FEB SEP FEB

13. STATE REVENUE MSP CHANGES, RELATED TO MSP, RESTRICTED/GRANTS (SPED, AT-RISK, TSSA, ETC), ESCHOOL CHANGES

14. STUDENT ENROLLMENT FY20 Total Enrollment eSchool Enrollment 16,598 2,585 19,000 17,840 18,000 16,983 16,598 17,000 16,600 16,000 16,165 15,991 15,000 14,824 14,202 14,098 13,376 14,241 13,177 13,241 13,272 14,000 13,288 13,359 13,779 13,000 13,298 13,241 13,083 13,273 13,103 12,000 11,000 10,000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021P

15. WPU TRENDING $4,000 Average increase of 3.2% over the past 10 years $3,500 $3,532 $3,000 $2,500 $2,000 $1,500 $1,000 $500 $-

16. FEDERAL REVENUE LUNCH REIMBURSEMENTS, RESTRICTED GRANTS, CARES ACT

17. FEDERAL GRANTS Grants Not Included Title ID Neglected & Delinquent Adult Education ABE Migrant Education COPS Safety/Security Grant Intergenerational Poverty DWFS Grant eRate Federal Infrastructure Grant Grants with Reduced Revenue SSAE Grant NCLB Grants (Title IA, Title IIA, Title IIA) IDEA Special Education CCLC After School Programs

18. REVENUE SUMMARY BY SOURCE 2019 REVENUE 2020 REVENUE Local State Federal Local State Federal 13,956,385 , 8% 12,639,151 , 8% 65,702,875 , 39% 62,926,178 , 40% 2021 REVENUE 83,519,694 , 52% 88,250,532 , 53% Local State Federal 12,318,632 , 7% 67,308,831 , 41% 86,203,390 , 52%

19. FISCAL YEAR 2021 EXPENSES NEW PRIORITIES

20. TEACHER SALARIES Funding to significantly increase teacher salaries make Provo more competitive when compared to other school districts in the state. Total budgeted expense of $5,000,000 Local Tax Funding (FY21 TnT): $3,500,000 Other Local Funding: $1,500,000

21. COLOR GUARD PROGRAM Funding to add stipends to Color Guard program. Total budgeted expense of $12,000 Local Tax Funding: $12,000

22. ADMINISTRATION PAY ALIGNMENT Shift Executive Director of Elementary Education , Audiologist to unrestricted funds to align with state guidelines Total budget expense of $169,000 Local Tax Funding: $169,000

23. RESOURCE OFFICER ADDITION Add of full-time additional SRO Total budgeted expense of $55,000 Local Tax Funding: $55,000

24. CARES ACT FUNDING Expenses to cover the financial impact of COVID-19, including technology, personnel costs, and other service expenses. FY20 Total budgeted expense of $450,000 FY21 Total budgeted expense of $1,650,000 Federal Grant Funding: $2,100,000

25. FISCAL YEAR 2021 EXPENSES - CONTINUING PRIORITIES

26. TRANSPORTATION SCHOOL BUSES Replacement of 3 school buses at an average cost of $125,000 each. Equivalent of one reimbursed through grant. Total budget expense of $375,000 Local Tax Funding: $250,000 State Grant Funding: $125,000

27. WELLNESS PROGRAM Funds set aside for employee wellness incentives: $265,000 Continuation of funds for wellness program coordinator and stipends: $85,000 Total Wellness program expense of $350,000 Local Tax Funding: $350,000

28. ADMINISTRATION PAYROLL WESTRIDGE/LAKEVIEW Replaced the facilitator positions at Westridge and Lakeview Elementary schools with assistant principal positions in FY20. Total expense budget of $62,047 Local Tax Funding: $62,047

29. PROVO ESCHOOL eSchool Online Vendor Expenses $222,000 Staffing Expenses $384,921 Other Expenses $28,631 Total eSchool Expense of $635,552 State WPU Funding (ongoing) - $300,220 (85 Students) State WPU Funding (held harmless) $335,332 Total Revenue set aside of $635,552

30. AFTER SCHOOL PROGRAMS Funding set aside to offset federal after school program grant funding. Funds will be used for personnel, supplies, and services related to maintaining District after school enrichment and interventions programs for students in grades K-12. Total budgeted expense of $200,000 Local Tax Funding (FY19 TnT): $100,000 Local Tax Funding (other): $100,000

31. CAMP BIG SPRINGS Increased from 3 to 4 weeks of camp Total budget expense of $35,000 Local Tax Funding: $35,000

32. DISTRICT LEARNING INITIATIVE Computer Purchase/Replacement Plan - $206,036 Coordinator Payroll - $145,000 Software, Teacher Stipends, Other Costs - $166,000 Total Budgeted Expense of $517,036 Local Tax Funding: $517,036 State Technology Grant: $0.00 (Expect to be awarded roughly $200k in FY21) Total Revenue set aside of $517,036

33. TECHNOLOGY REPLACEMENT PLAN School Generators - $100,000 Total Budgeted Expense of $1,418,000 Network Wiring - $200,000 Powerschool Maintenance Agreement - $100,000 Local Tax Funding (FY17 TnT): $400,000 Mobile Device Management Agreement - $83,000 Continuing Local Tax Funding: $768,000 Cisco Maintenance Agreements - $60,000 Employee Computer Replacement Plan - $370,000 Other Funds (School budgets, other programs): $250,000 Student Computer Replacements - $150,000 A/V Replacements - $150,000 Total Revenue set aside of $1,418,000 Potential Additional Learning Initiative Chromebooks - $205,000 (plus possible add-on school orders not to exceed $50,000 per location)

34. CURRICULUM REPLACEMENT PLAN Replacement Curricula - $750,000 In FY20 we purchased new Elementary Math curriculum at a cost of roughly $700k Total Budgeted Expense of $750,000 Local Tax Funding (FY17 TnT) - $350,000 Continuing Local Tax Funding - $400,000 Total Revenue set aside of $750,000

35. CAPITAL PLANNING Capital Maintenance Projects - $3,469,861 Building Reserve Projects - $14,000,000 Capital Building Improvement Projects - $2,750,000 Capital Bond-Related Projects - $2,100,000 These projects are detailed in the supplementary information at the end of the presentation Facilities and Maintenance personnel and other general building maintenance expenses - $3,891,129 Local Tax Funding (FY17 TnT): $800,000 Continuing Local Funding: $7,813,070 Building Reserve Fund Balance: $14,000,000 Capital Fund Balance: $3,597,920 Total Revenue set aside of $26,210,990

36. DISTRICT PRIORITIES SUMMARY General Fund - New Color Guard Program Administration Pay Alignment Resource Officer Addition CARES Act Teacher Salaries Capital Fund - New FY21 Capital Projects Funding Commitments FY17 TnT Funding = $800,000 Other Local Tax Funding = $7,813,070 Other Funding = $3,597,920 General Fund Continuing Transportation Bus Replacements Wellness Program Assistant Principals @ Westridge/Lakeview Provo eSchool After School Programs Camp Big Springs Additional Week District Learning Initiative Technology Replacement Plan Curriculum Replacement Plan Building Maintenance Personnel & Other Expenses Total commitment = $12,210,990 Building Reserve Fund - New FY21 Large-Scale Projects Funding Commitments Other Funding = $14,000,000 Funding Commitments FY17 TnT Funding = $750,000 FY19 TnT Funding = $100,000 FY21 TnT Funding = $3,500,000 Other Local Tax Funding = $4,344,463 State Funding = $759,172 Federal Funding = $2,100,000 Total commitment = $11,553,635 Total commitment = $14,000,000

37. FINANCIAL SUMMARIES

38. ALL FUNDS 2020 Final Budget 65,702,875 88,250,532 14,156,385 168,109,791 2021 Original Budget 68,808,831 86,203,390 12,368,632 167,380,853 Revenues by Source Local State Federal Total Revenues 2019 Actual 62,926,178 83,519,694 12,639,151 159,085,022 Objects by Type Salaries Benefits Purchased/Prof. Svcs Prof. Svcs/Repairs Other Purchased Svcs Supplies Property/Equip Other Objects Total Expenditures 70,381,702 32,228,552 11,131,418 11,730,904 2,014,129 12,943,310 10,591,420 13,461,260 164,482,696 76,513,015 35,181,846 12,128,927 7,490,455 2,065,572 17,954,658 3,150,021 14,473,454 168,957,949 80,215,618 35,673,507 4,523,302 22,135,574 1,793,121 15,519,841 2,372,661 13,372,865 175,606,489 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES (5,397,673) (848,157) (8,225,637) OTHER FINANCING SOURCES (USES) AND OTHER ITEMS 42,957 100,000 100,000 NET CHANGE IN FUND BALANCE (5,354,716) (748,157) (8,125,637) FUND BALANCE - BEGINNING (From Prior Year) 74,854,307 69,499,591 68,751,433 FUND BALANCE - ENDING 69,499,591 68,751,433 60,625,796

39. GENERAL FUND Base Budget, $3.5M TnT REVENUE $3.5M in additional tax revenue due to TnT 2020 Final Budget 40,550,336 87,211,532 10,088,207 137,850,075 2021 Original Budget 43,378,633 85,183,690 8,800,454 137,362,777 Revenues by Source Local State Federal Total Revenues 2019 Actual 37,956,076 82,056,244 8,858,715 128,871,036 EXPENSE $500k savings by reducing buffer $500k savings due to retiree replacement effect $500k savings due to requiring restricted grant programs to operate within allocated budget regardless of payroll increase Objects by Type Salaries Benefits Purchased/Prof. Svcs Prof. Svcs/Repairs Other Purchased Svcs Supplies Property/Equip Other Objects Total Expenditures 68,227,167 31,468,509 10,679,759 1,057,306 1,134,339 8,795,787 3,726,262 1,504,168 126,593,298 74,090,245 34,318,840 11,501,169 1,363,896 1,164,822 13,750,241 2,440,021 1,339,888 139,969,123 76,447,778 34,434,261 3,859,140 284,002 933,516 10,940,147 1,716,689 1,390,765 130,006,298 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 2,277,738 (2,119,048) 7,356,480 OTHER FINANCING SOURCES (USES) AND OTHER ITEMS (1,457,043) (5,400,000) 100,000 NET CHANGE IN FUND BALANCE 820,696 (7,519,048) 7,456,480 FUND BALANCE - BEGINNING (From Prior Year) 37,255,371 38,076,066 30,557,019 FUND BALANCE - ENDING 38,076,066 30,557,019 38,013,498

40. GENERAL FUND Base Budget, $5M TnT REVENUE $5M in additional tax revenue due to TnT 2020 Final Budget 40,550,336 87,211,532 10,088,207 137,850,075 2021 Original Budget 44,878,633 85,183,690 8,800,454 138,862,777 Revenues by Source Local State Federal Total Revenues 2019 Actual 37,956,076 82,056,244 8,858,715 128,871,036 EXPENSE $500k savings due to retiree replacement effect $500k savings due to requiring restricted grant programs to operate within allocated budget regardless of payroll increase Objects by Type Salaries Benefits Purchased/Prof. Svcs Prof. Svcs/Repairs Other Purchased Svcs Supplies Property/Equip Other Objects Total Expenditures 68,227,167 31,468,509 10,679,759 1,057,306 1,134,339 8,795,787 3,726,262 1,504,168 126,593,298 74,090,245 34,318,840 11,501,169 1,363,896 1,164,822 13,750,241 2,440,021 1,339,888 139,969,123 76,947,778 34,434,261 3,859,140 284,002 933,516 10,940,147 1,716,689 1,390,765 130,506,298 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 2,277,738 (2,119,048) 8,356,480 OTHER FINANCING SOURCES (USES) AND OTHER ITEMS (1,457,043) (5,400,000) 100,000 NET CHANGE IN FUND BALANCE 820,696 (7,519,048) 8,456,480 FUND BALANCE - BEGINNING (From Prior Year) 37,255,371 38,076,066 30,557,019 FUND BALANCE - ENDING 38,076,066 30,557,019 39,013,498

41. GENERAL FUND 5% Reduction in state revenue REVENUE $5.0M in additional tax revenue due to TnT $4.25M reduction in state revenue due to cuts EXPENSE One-Time Savings $500k Tech replacement delay for 1 year $750k Curriculum replacement delay for 1 year Roughly $250k Tap into eSchool enrollment adjustment balance Ongoing Savings $150k 10% reduction in instructional assistants in unrestricted programs $200k Eliminate additional after school program funding $150k 50% reduction in staff (non-student) travel 10% Reduction in Capital Projects Budget = $1M/year savings Potential savings not in budget $750k Eliminate policy of carrying over unused budgets from prior year in unrestricted programs 2020 Final Budget 40,550,336 87,211,532 10,088,207 137,850,075 2021 Original Budget 44,878,633 80,933,690 8,800,454 134,612,777 Revenues by Source Local State Federal Total Revenues 2019 Actual 37,956,076 82,056,244 8,858,715 128,871,036 Objects by Type Salaries Benefits Purchased/Prof. Svcs Prof. Svcs/Repairs Other Purchased Svcs Supplies Property/Equip Other Objects Total Expenditures 68,227,167 31,468,509 10,679,759 1,057,306 1,134,339 8,795,787 3,726,262 1,504,168 126,593,298 74,090,245 34,318,840 11,501,169 1,363,896 1,164,822 13,750,241 2,440,021 1,339,888 139,969,123 76,192,365 34,409,261 3,859,140 284,002 808,199 10,090,147 1,216,689 1,390,765 128,250,568 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 2,277,738 (2,119,048) 6,362,209 OTHER FINANCING SOURCES (USES) AND OTHER ITEMS (1,457,043) (5,400,000) 100,000 NET CHANGE IN FUND BALANCE 820,696 (7,519,048) 6,462,209 FUND BALANCE - BEGINNING (From Prior Year) 37,255,371 38,076,066 30,557,019 FUND BALANCE - ENDING 38,076,066 30,557,019 37,019,228

42. CAPITAL FUND 2020 Final Budget 8,995,771 112,000 50,000 9,157,771 2021 Original Budget 8,613,070 8,613,070 Revenues by Source Local State Federal Total Revenues 2019 Actual 8,975,119 496,468 238,081 9,709,668 - - Objects by Type Salaries Benefits Purchased/Prof. Svcs Prof. Svcs/Repairs Other Purchased Svcs Supplies Property/Equip Other Objects Total Expenditures 10,466,533 6,789,658 102,761 17,543,311 77,458 31,307 5,856 148,180 72,979 33,027 5,943,639 108,859 660,000 567,000 7,533,684 1,119,371 515,329 130,027 7,623,782 463,793 605,972 570,000 11,031,129 - - 2,855 69,737 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES (7,833,642) 1,624,087 (2,418,059) OTHER FINANCING SOURCES (USES) AND OTHER ITEMS - (4,500,000) - NET CHANGE IN FUND BALANCE (7,833,642) (2,875,913) (2,418,059) FUND BALANCE - BEGINNING (From Prior Year) 24,873,658 17,040,015 14,164,103 FUND BALANCE - ENDING 17,040,015 14,164,103 11,746,044

43. DEBT SERVICE FUND 2020 Final Budget 9,556,083 9,556,083 2021 Original Budget 9,778,800 9,778,800 Revenues by Source Local State Federal Total Revenues 2019 Actual 9,971,103 9,971,103 - - - - - - Objects by Type Salaries Benefits Purchased/Prof. Svcs Prof. Svcs/Repairs Other Purchased Svcs Supplies Property/Equip Other Objects Total Expenditures 9,746,785 9,746,785 - - - - - - - 9,886,911 9,886,911 - - - - - - - 9,778,800 9,778,800 - - - - - - - EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 224,318 (330,828) - OTHER FINANCING SOURCES (USES) AND OTHER ITEMS - - - NET CHANGE IN FUND BALANCE 224,318 (330,828) - FUND BALANCE - BEGINNING (From Prior Year) 1,827,540 2,051,858 1,721,030 FUND BALANCE - ENDING 2,051,858 1,721,030 1,721,030

44. STUDENT ACTIVITIES FUND 2020 Final Budget 3,825,000 3,825,000 2021 Original Budget 3,635,500 3,635,500 Revenues by Source Local State Federal Total Revenues 2019 Actual 3,678,815 3,678,815 - - - - - - Objects by Type Salaries Benefits Purchased/Prof. Svcs Prof. Svcs/Repairs Other Purchased Svcs Supplies Property/Equip Other Objects Total Expenditures 2,004,924 267,936 3,681,647 - - 1,880,500 467,000 3,825,000 - - 1,917,500 284,200 3,643,575 - - 424,072 54,653 878,941 577,500 511,875 50,000 855,000 - 900,000 51,120 - 25,000 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES (2,832) - (8,075) OTHER FINANCING SOURCES (USES) AND OTHER ITEMS - - - NET CHANGE IN FUND BALANCE (2,832) - (8,075) FUND BALANCE - BEGINNING (From Prior Year) 2,146,124 2,143,292 2,143,292 FUND BALANCE - ENDING 2,143,292 2,143,292 2,135,217

45. FOOD SERVICES FUND 2020 Final Budget 975,685 927,000 4,018,177 5,920,862 2021 Original Budget 1,002,828 1,019,700 3,568,177 5,590,705 Revenues by Source Local State Federal Total Revenues 2019 Actual 1,039,933 966,981 3,542,354 5,549,269 Objects by Type Salaries Benefits Purchased/Prof. Svcs Prof. Svcs/Repairs Other Purchased Svcs Supplies Property/Equip Other Objects Total Expenditures 2,077,076 728,736 152,413 2,072,862 534,478 5,612,524 2,274,590 790,027 182,920 2,215,058 412,655 5,943,231 2,148,470 723,917 177,790 2,198,401 449,100 5,746,688 21,730 17,231 22,260 849 750 1,750 24,380 50,000 25,000 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES (63,255) (22,369) (155,983) OTHER FINANCING SOURCES (USES) AND OTHER ITEMS - - - NET CHANGE IN FUND BALANCE (63,255) (22,369) (155,983) FUND BALANCE - BEGINNING (From Prior Year) 1,879,374 1,816,119 1,793,750 FUND BALANCE - ENDING 1,816,119 1,793,750 1,637,767

46. BUILDING RESERVE FUND 2020 Final Budget 2021 Original Budget Revenues by Source Local State Federal Total Revenues 2019 Actual - - - - - - - - - - - - Objects by Type Salaries Benefits Purchased/Prof. Svcs Prof. Svcs/Repairs Other Purchased Svcs Supplies Property/Equip Other Objects Total Expenditures - - - - - - - - - - - - - - - - - - 14,000,000 14,000,000 - - - - - - - EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES - - (14,000,000) OTHER FINANCING SOURCES (USES) AND OTHER ITEMS 1,500,000 10,000,000 - NET CHANGE IN FUND BALANCE 1,500,000 10,000,000 (14,000,000) FUND BALANCE - BEGINNING (From Prior Year) 6,872,240 8,372,240 18,372,240 FUND BALANCE - ENDING 8,372,240 18,372,240 4,372,240

47. REDEVELOPMENT FUND 2020 Final Budget 1,800,000 1,800,000 2021 Original Budget 900,000 900,000 Revenues by Source Local State Federal Total Revenues 2019 Actual 1,305,132 1,305,132 - - - - - - Objects by Type Salaries Benefits Purchased/Prof. Svcs Prof. Svcs/Repairs Other Purchased Svcs Supplies Property/Equip Other Objects Total Expenditures 1,305,132 1,305,132 - - - - - - - 1,800,000 1,800,000 - - - - - - - - - - - - - - 900,000 900,000 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES - - - OTHER FINANCING SOURCES (USES) AND OTHER ITEMS - - - NET CHANGE IN FUND BALANCE - - - FUND BALANCE - BEGINNING (From Prior Year) - - - FUND BALANCE - ENDING - - -

48. SUPPLEMENTARY INFORMATION

49. TRANSFERS/BUDGET ADJUSTMENTS REQUIRING BOARD APPROVAL Capital Projects End of Year Adjustments Project # 0849 0852 0859 0723 0782 0783 0864 0926 0786 0922 0924 0929 0932 Project Description Supt s Contingency Custodial Equipment Asphalt & Concrete Maint THS Chiller payments Centennial Portable Lease Centennial General Maint Bus Purchase THS General Maint Dixon General Maint IHC Portable Replacement Lakeview Waterproofing Centennial Phase 1, HVAC CO Monitoring Project Budget Shift Request FY20 to FY21 FY20 to FY21 FY20 to FY21 FY20 to FY21 FY20 to FY21 FY20 FY20 to FY21 FY20 FY20 FY20 to FY21 FY20 to FY21 FY20 to FY21 FY20 to FY21 for $ 70,788.50 $ 23,698.43 $ 91,845.98 $ 6,829.99 $ 30,057.95 $ 75,000.00* $ 36,640.00 $140,089.22* $137,950.00* $120,000.00 $100,000.00 $500,000.00 $600,000.00 * Use remaining FY20 balances to pay for 25% deposit for portables purchase Other Budget Adjustments FY21 Shift remaining $141,510.52 of PHS Cell Booster/Emergency Contact system budget from FY20 to FY21 (tech department) FY20 Up to $2.79M in general maintenance personnel and supplies costs from Capital to General Fund $450,000 budget for CARES Act funding

50. CAPITAL IMPROVEMENT PLAN (CIP) Provo City School District Capital Maintenance Projects - FY21 School Project Approved Budget FY20 Working Budget FY20 - - FY20 Actual Remaining / (Over Budget) Project Status - - Amelia Earhart Exterior Masonry Sealant $ 110,000.00 - Canyon Crest Parking Lot pavement repairs $ 150,000.00 - Centennial Exterior Masonry Sealant Portable Lease HVAC, Phase 1 Gym Operable Partition Panel Wall Replacement Leased Space LVT flooring for corridors and gym Playground Equipment Replacement Locker Room flooring Window Coverings for Classrooms Waterproofing North Playground Equipment replacement Exterior Masonry Sealant New Carpet for 10 classrooms Gym Operable Wall Panel Replacement ADA Pathway adjustments from parking lot to main entrance Superintendent's Contingency Technology - Backup Systems for Tech equipment at various locations Technology - Camp Big Springs Improvements Timpview Chiller Loan Payment Facilities & Maintenance General Contingency Custodial Equipment Transportation - 1 Bus IHC Portable Replacement Asphalt & Concrete Maintenance for FY21 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 150,000.00 30,057.95 500,000.00 165,000.00 48,000.00 190,000.00 85,000.00 75,000.00 25,000.00 100,000.00 85,000.00 115,000.00 45,000.00 150,000.00 20,000.00 150,788.50 100,000.00 35,000.00 33,829.99 500,000.00 23,698.43 171,640.00 120,000.00 291,845.98 - - - - - - - - - - - - - - - - - - - - - - - - Dixon Middle East Bay Post High Franklin Elementary Independence High Lakeview Provo Peaks Spring Creek - - - - - - - - - - - - - - - Westridge District Services - - - - - - - - - - - - - - - - - - Various Schools - - - Total Capital Maintenance $ 3,469,861 $ - $ - $ - Building Reserve Wasatch Elementary Dixon Middle School Re-roof project Re-roof project $ $ 2,000,000.00 3,000,000.00 Timpview South Gym and ground water mitigation $ 9,000,000.00 Total Building Reserve 14,000,000 $ $ - $ - $ -

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