Provo City School District

280 West 940 North Provo, UT 84604 (801) 374-4800 www.provo.edu

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Annual Budget 2011-12 Provo City School District 280 West 940 North Provo, UT 84604

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II Provo City School District H SC OOL ITY D C IS O T R V KNOWLEDGE I O IS C POWER 280 West 940 North R T

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Provo, UT 84604 1 8 9 8

2011-12 Annual Budget For Fiscal Year Ending June 30, 2012

Randall J. Merrill, Ed.D. Superindendent of Schools

Kerry J. Smith, CPA/MBA Business Administrator

Designed and Written By: Mark Holley, MBA Budget Recognition

Association of School Business Officials International (ASBO)

The Association of School Business Officials International (ASBO) awarded theMeritorious Budget Award for excellence in the preparation and issuance of a 2010-11 school system annual budget to Provo City School District.

The Meritorious Budget Awards Program was designed by ASBO International and school business management professionals to enable school business administration to achieve excellence in budget presentation. The Meritorious Budget Award, sponsored by ING, is only conferred on school systems that have met or exceeded the Meritorious Budget Award Program Criteria. We believe our current FY 2011-12 budget also complies with ASBO’s Meritorious Budget Award standards, and we will be submitting the budget in an effort to win the award again.

Government Finance Officers Association (GFOA)

The Government Finance Officers Association of the United States and Canada (GFOA) presented a Distinguished Budget Presentation Award to Provo City School District, Utah for its annual budget for the fiscal year beginning July I, 2010, and ending June 30, 2011. In order to receive this award, a governmental unit must publish a budget document that meets program criteria as a policy document, as an operations guide, as a financial plan, and as a communications device.

This award is valid for a period of one year only. We believe our current budget continues to conform to program requirements, and we are submitting it to GFOA to determine its eligibility for another award.

Note Regarding this Book

This book has been designed to act as a resource for the public, students, parents, and employees. It is divided into four sections: Introductory, Organizational, Financial, and Informational. The budget year represented is Fiscal Year 2011-12, although the year might be represented as FY 2012, FY12, or 2011-12, depending on the context of the information being presented and space constraints These variations of the fiscal year or school year are used interchangeably.

The District name may be listed throughout the book as Provo City School District, Provo School District, or in some cases Provo (when compared to other districts), depending on context and space requirements. These names are also used interchangeably.

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IV V VI High Scores, Low Taxes

Tight budgets shouldn’t lead to low achievement.

Provo City School District Two Top 10 schools. Three Top 20 schools. Lowest taxes in Utah County.

Outdoor Marketing Campaign, Summer 2011

Home to 20% of Utah’s Top Schools

Provo City School District Winning Awards. Innovating Daily. Since 1898.

Based on KSL®, Deseret News® and Deseret Digital Media® 2011 Top 10 Rankings

Outdoor Marketing Campaign, Summer 2011

VII VIII 8 “Education is the key to unlock the golden door of freedom.”

-George Washington Carver

IX INTRODUCTORY SECTION 1

Executive Summary 2 Budget Message 5

ORGANIZATIONAL SECTION 21

District Enrollment 19 Statewide Enrollment 19 The District Entity 22 Significant Laws Affecting this Budget 23 Financial and Budget Administration Policies 25 Budget Development and Review Process 27 Budget Administration and 28 Management Process 28 Balanced Budget: Definition 28 Budget Approval and Adjustment Process 29 Method of Classifying 30 Revenues & Expenditures 30 Basis of Budgeting 30 Revenue Projection Methodology 30 Impact of Planning Processes on the Budget 31 Budget Development and Review Process: Budget Timeline 32 Budget Process: Stakeholder Involvement 33 Long-range 20/20 Plan: Seven Guiding Principles 34 Long-range 20/20 Plan: Imperatives 35 District-wide Goals: FY 2012 36 FY 2012 Goals by Department: 38 Mission Statement 44 Connecting the Short and Long Terms 44 Innovation: eSchool 45 Voter Precincts 46 Provo City: Provo School District Elementary School Boundaries 47 District Departments 48 Organizational Chart 50 Staffing Levels by Function 51 District Funds: Description 52 Relationship Between Funds and District Departments 53 Expenditure Functions: An Explanation 54

X FINANCIAL SECTION

Major Revenue Sources 58 Revenue Projection Assumptions 59 Major Revenue Sources: State of Utah 60 Major Revenue Sources: Local 64 Major Revenue Sources: Federal 66

Financial Schedules and Charts 69 Expenditure Comparison by Function: All Funds 70 FY 2012 Budget Summary: Revenues by Source and Expenditures 71 Expenditures: Fund and Object 72 Summary of Budgets by Fund: All Funds 73 Summary of Budgets: General Fund 74 Summary of Budgets: Capital Projects Fund 75 Summary of Budgets: Debt Service Fund 76 Summary of Budgets: Student Activity Fund 77 Summary of Budgets: Non K-12 Fund 78 Summary of Budgets: Building Reserve Fund 79 Summary of Budgets: Food Service Fund 80 Fund Balance Information 81 Major Revenues and Expenditures by Fund 83 Revenues and Expenditure Budgets by Source: General Fund 84 Major Revenue Sources: General Fund 85 Major Expenditures: General Fund 87 Revenues and Expenditure Budgets by Source: Capital Projects Fund 92 Major Revenue Sources: Capital Projects Fund 93 Major Expenditures: Capital Projects Fund 94 Major Revenues and Expenditures: Debt Service Fund 95

Major Revenues and Expenditures by Fund 96 Major Revenues and Expenditures: Student Activity Fund 97 Major Revenues: Non K-12 Fund 98 Major Expenditures: Non K-12 Fund 99 Other Financing Sources (Uses): Building Reserve Fund 100 Major Revenues: Food Service Fund 101 Major Expenditures: Food Service Fund 102

Capital Projects and Debt Service 103 Capital Expenditures: Definition 104 Significant Capital Expenditures: Non-routine 104 Other Significant Capital Expenditures: Non-routine 105 Capital Improvement Plan 106 Debt Obligations 110 General Obligation Debt: Actual to Limit 112 XI INFORMATIONAL SECTION 115

Demographic and Economic Profile 116 Provo: Past and Present 117 Utah Economic Environment 119 Historical Populations: Utah County and Provo City 121 Birth Rates: Utah County - Utah - U.S. 122 Provo: Information and Attractions 123 Largest Employers: Provo, Largest Taxpayers in Utah County 124 Employment Statistics: Utah County 125 Unemployment Rate History: Utah County 125 Property Tax Information: Provo City 126 Basis of Budget Forecast: Revenues 133 Basis of Budget Forecast: Expenditures 134 Budget Forecasts: 135 Debt: General Obligation Bonds 142

Statistics and Performance Measures 143 Personnel Resource Allocation: Full-time Equivalents 144 Enrollment 145 District Facilities 149 Per Pupil Expenditures 154 Median Class Sizes: State of Utah 155 Student Demographics 156 Student Enrollment: Utah County Comparison 157 Demographics: District School Lunch Participation 158 School Lunch Participation: Trends 158 Program Costs and Data: Food Services 159 Child Nutrition: Meal Prices 159 Transportation: Costs and Statistics 160 Compensation: Median Pay Comparison 161 Health Insurance: Cost and Statistics 162 Student Performance: UPASS 163 Student Performance: Annual Yearly Progress (AYP) 164 Student Performance: Iowa Test of Basic Skills 165 Glossary 171

XII XIII

Introductory Section Introductory Section

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R I C T Introductory our children to beeducated.” to live butit’s thebestplacefor that notonly isProvo agreat place dedicated, andasaresult it’s clear administration are incredibly School District. The teachersand with thequalityofProvo neighborhoods inProvo starts “Any discussionaboutquality Mayor, Provo City

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R I C T ity S ummary S chool Introductory Section D F istrict Y 2011-12

Introductory Section Introductory Section 3 Bottom (lefttoright): Shannon Poulsen, Mary Ann Christiansen, KristineManwaring,MichelleKaufusi Provo CitySchool District Top (lefttoright):RandyMerrill,Richard Sheffield, Darryl Alder, Kerry Smith, Steven Staple Board ofEducationandOfficers Introductory Section Introductory

Introductory Section Introductory Section Introductory November election. The termofofficethe SuperintendentandBusiness Administrator istwoyears. The termofofficeforBoard membersisfouryears,beginningonthefirstMondayin 2011-12 Provo CitySchoolDistrict: Electedand Appointed Officials Present Term: 2008 - 2012 Present Term: 2008 -2012 Present Term: 2008 -2012 Initial Appointment: 2008 Initial Appointment: 2000 Initial Appointment: 2000 Present Term: 2011 -2015 Initial Appointment: 2002 Present Term: 2008 - 2012 Initial Appointment: 2011 Initial Appointment: 2011 Initial Appointment: 2004 Present Term: 2011 -2015 Present Term: 2011 -2015 Mary Ann Christiansen Board ofEducation Kristine Manwaring Shannon Poulsen Richard Sheffield Michelle Kaufusi Steven Staples Darryl Alder Precinct 6 Precinct 4 Precinct 2 Precinct 5 Precinct 3 Precinct 1 Precinct 7 Kerry J. Smith, C.P.A., M.B.A. Career Technology Education Associate Personnel Director District Administration Initial Appointment: 2003 Initial Appointment: 2003 Director ofFood Services Randall J. Merrill,Ed.D. Stefanie Bryant, C.P.A. Business Administrator Director of Accounting Asst. Superintendent Mark Holley, M.B.A. Technology Support Special Programs& Finance/Marketing Personnel Director Jenilee McComb Student Services Jared Ferguson Superintendent Title IDirector Greg Hudnall Cindy Wright Ray Morgan Joe Gledhill Bob Gentry Gaye Gibbs Curriculum Ted Kelly Facilities Introductory Section Westridge Wasatch Timpanogos Sunset View Spring Creek Rock Canyon Provost Provo Peaks Lakeview Franklin Edgemont Canyon Crest Amelia Earhart Timpview Provo Independence Dixon Centennial Middle School Administration High School Administration School Administration

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Introductory Section Introductory Section 5 languages. offering foreign foreign three elementary languagesandsixsecondary District continues toemphasisschoolchoiceoptionsitspatrons premier offerings inthelanguagesandtechnology. Provo School line schoolinthestate, offering over four hundred courseswith Provo SchoolDistrict isnow offering themostcomprehensive on- how we thestudentsofProvo educateandserve City. To thisend from charter, private andonlineschoolswillforce ustochange districts longtermexistence. andcompetition Changingtechnology outside ofthebox for thisandfuture years willbeessentialtothe Being responsive toourparents andstudentsneedsthinking have beenincludedinthisyear’s budget. of instructionaldevelopment, sixinstructional coachesandanadditional teacherprofessional development day our teachersare key districtstrategiestoassure studentachievement goals are reached. To thisendadirector educational achievement. Professional learningcommunities andthecontinued professional development of emerging from therecent economicstorminapositiontotake toincrease advantageofopportunities The Districtisfinancially transparent and well run, consistently earningnational awards. TheDistrictis end. The districtiscommittedtomaintainingbalancedbudgetsthrough anattrition model, andisontracktothis program cuts. million compensationpackagetoitsemployees thisyear whichwillbefundedfrom attritionandnon-essential for thepriortwo years. This madeitessentialthatcompensationbeatoppriority. The districtoffered a$1.4 process. Duetotherecession, salarieshadbeen frozen andinmany casesreduced from fewer days worked $108,685,072. is projected tobe District revenue “For FY2012, total direction gives thedistrictinmoving forward over thenext10years. long-term goals, commonly referred toasthe20/20initiatives. We are excitedfor thefocus andpurposethis Last fallacommunity committeecompletedtheprocess ofgatheringpublicinputanddeveloping district Dear Patrons: Budget Message To thisend, teachercompensationwasparamountinthebudgeting initiatives established. to thestudentsofProvo cityare long-term someofthemostimportant employed andretained toprovide thehighestqualitylearningexperience initiatives. Assuring themostcompetentteachersandadministratorsare district budgetprocess includedaggressive goals toaccomplishthe20/20 Despite thethird straightyear ofsubstantiallegislative fundingcuts, the compared toFY2011.” million when decrease of$5.6 at $111,161,193, a FY 2012are budgeted “Total expenditures for Introductory Section Introductory

Introductory Section Introductory Section Introductory District administrators, andaprompt response isguaranteed. Have feedback? Business Administrator Kerry J. Smith, C.P.A., M.B.A. Superintendent ofSchools Randall J. Merrill, Ed. D. Respectfully Submitted, into themostpublic-facing, achievement-oriented districtintheState. plan willcontinue usonthepathtoexceedingcustomerexpectationsandcontinuing todevelop developed withsubstantialpublicfeedback anddirectives. Inshort, itisourbeliefthatthe20/20 listed onthenextpage. The 20/20planisguidingtheDistrictfor FY2011-12andbeyond, andwas The FY2011-12Districtwidegoals andobjectives, whichfallunderthelong-range20/20plan, are inthestate. District tooffer thebesteducationalopportunities strong leadershipteamwithvisionandtake alongtermapproach withthegoal ofpositioningthe We are ahead. bothexcitedandoptimisticaboutthechallengesopportunities We have a andprogrammatic increasesGeneral fundthatcontainssubstantialone-timesalary included. on revenues of$108,685,072. The negative bottomlineisduetocompletionofProvo Peaks anda All oftheseoptionscostmoney, andfor FY2012totalexpenditures are budgetedat$111,161,193 PRO VO C IT

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R I C T Pleasesendanemailto [email protected]. This email accountischecked daily by Introductory Section 6

Introductory Section Introductory Section Goal 6. • • • • • • Goal 4. • • Goal 3. • Goal 2 • • • Goal 1. FY 2011-12 Districtwide Goals • • • • Goal 7: • • • Goal 5. •

Actions Actions Action Actions Actions Actions Action 7 potential. on gradelevel extended-day (before/after-school) programs Implement district-widestandards for Professional LearningCommunities (PLCs), (RTI), ResponsetoIntervention Institute the3 Develop abroad-based Latinooutreach initiative Establish adistrict-widecompactwithparents Develop astrategiccomprehensive compensationpay plan Employ academiccoachestoimprove teacherclassroom pe Design andimplementafocused professional development planthatcultivatesexcellence redeploying low performers whenrequired Develop ahighly effective principalandteacherevaluation system, andimplementan effective process for releasing or Explore methods tomeasure studentinterest andengagement withintheteacherevaluation process Enhance securitydistrict-wide Reorganize busingtoachieve high-level andsatisfaction customerservice Finalize long-termfinancial plan, plan capital buildingplanand technology educational fieldtrips Provide avarietyofauthentic(experiential)learningactivities, grantsthat support i.e., and sciencefairparticipation programs,Support thoseinthearts, particularly science, and music thatinspire/engage students and Enhance dualimmersion, gifted, preschool andextended-day programs kindergarten Develop specificstandards andstrategiestoaddress thesummer reading loss Enhance schoolschedules Implement Professional LearningCommunities withfidelity these outcomes Identify andcreate essentiallearningoutcomesandformative assessments; holdteachersandstudentsaccountableto day Institute Tier II(prescriptive) inliteracy andnumeracy interventions directed tostrugglingstudentsinevery school, every . Form ClearExpectationsfor Level allStaffatEvery oftheOrganization, Reward ExemplaryPerformance EstablishDistrict-wideEducationalPerformance Standards toEnsure BasicFloorofOpportunity ConfirmHighly Effective Principalsand Teachers Through EnhancedEmployment, Training andEvaluationProcedures

Transform Communications, andRelationshipExpectationswithParents andCommunity CustomerService Improve GeneralDistrictOperations Encourage Programs and Activities thatEncourage Authentic LearningExperiences andCritical Thinking Provide for Continuous Improvement inCurrent Proven Programs

rd gradereading commitmentby providing thetoolsandresources toensure each3 rformance Introductory Section Introductory rd gradestudentcan read increase individual

Introductory Section Introductory Section Introductory Budget Development andReview Process: Budget Timeline Jul Aug Sep Oct Nov Dec Jan FebMar Apr May Jun Budget book Current year’s budget completed

Truth-in-Taxation (if necessary) External audit Next year’s budget

Actuals Report to State Budget trainingsessions adjusted for enrollment budgets School Department goalsand objectives developed Current yearbudgetreview andboard-approved adjustments Introductory Section Onsite budget visits Affects bothyears Public comment viameetings,surveys andfocusgroups

Goals finalized completed; staffing requirements determined projections Enrollment Capital Improvement Plan Developed development bydirectors Prelim Budget 8 Compensation Hearings estimates Next year’s budgetdeveloped Revenue

Legislative Introductory Section session Executive budget meetings Jul Aug Sep Oct Nov Dec Jan FebMar Apr May Jun Current yearbudgetreview andboard-approved adjustments Public comment viameetings,surveys andfocusgroups development bydirectors Prelim Budget Compensation Hearings estimates Next year’s budgetdeveloped Revenue

Legislative Introductory Section session Executive budget meetings 9

Prelim. Appropriations

Budget draft released Budget submitted to Board comment period Budget Report to State Public

Budget approved by Board the publicinevery stepofthebudgetprocess. and theDistrictmakes possibletoinvolve every effort Public inputiscriticalfor theDistricttobesuccessful, legislature, employees andtheBoard ofEducation. development isayear-round process, affecting thepublic, beginning July 1standendingJune 30theachyear. Budget The Districtusesanannual budget, withfiscal years Budget Input: The Process Introductory Section Introductory

Introductory Section Introductory Section Introductory 2004-05 to2011-12(proposed) Full-time EquivalentEmployees made itimpossibletoretain stafflevels atpre-recession levels. would beeliminated, thereality ofsubstantialrevenue decreases duetothecurrent economicconditions deliberation, School Board meetings and public comment. While Districtmanagement hoped no positions All ofthedecisionstoeliminatepositionsover thepastthree years were determinedaftercareful had thebiggestdecreases inFY2009and2010. eliminated thatyear also. For FY2011, thebiggestdecreases positions, willcomeinsupport which also patternatIndependenceHighSchoolresulted insixteachingpositions being and achangeintheservice sizes at28.2, thesamefigure asFY2010-11. Literacycoordinator positions were eliminatedinFY2010 For 2011-12, theBoard ofEducationandmanagementhave madethedecisiontokeep average class- objectives. The Districtstrives toensure ithasonly thenumber ofemployees to meetitsgoals and necessary Budget Development Allocation ofResources 1,300 1,400 1,500 1,600 1,700 1,800 1,900 FY FY 2005 1,424 1,424 FY FY 2006 1,774 1,774 FY FY 2007 1,823 1,823 and Review Process FY 2008 FY FY 2009 FY 2008 1,789 1,789 Introductory Section 1,633 1,633 FY 2010 FY 2011 FY FY 2012p FY 2011 FY 2010 1,564 1,564 1,519 1,519 1,531 1,531 10

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Introductory Section Introductory Section 11 FY 2008to2012 The BigPicture: Food Services Capital Projects Capital Projects Food Services Debt Service Debt Service Non K-12 Non K-12 Total Total Student Activities General Fund byExpenditure Fund: Summary FY2008to2012 Student Activities General Fund Revenue by Fund: Summary FY2008to2012 Actual FY 2008 Actual FY 2009 Actual FY 2008 Actual FY 2008to2012 Total Revenues andExpenditures

108,457,783 Actual FY2008 Actual FY2008 7,635,898 6,080,000 5,174,090 4,086,343 4,261,647 4,129,955 4,208,785 4,604,493 4,468,990 27,916,874 $83,512,166 $82,708,373 130,329,831 108,457,783 Expenditures Revenues 130,329,831 Revenues andExpenditures

115,371,844 Actual FY2009 Actual FY2009 9,495,755 6,414,138 6,424,380 4,509,935 4,453,477 3,642,740 3,496,177 5,077,938 4,805,708 10,480,253 $81,561,092 $86,696,347 111,686,096 115,371,844 111,686,096 Revenues Actual FY 2010 Final Final FY Budget FY 2010 Actual

112,884,403 7,750,254 7,395,204 6,419,576 6,432,102 3,287,298 3,147,305 3,052,561 3,284,270 5,005,968 4,910,053 $82,738,291 $87,619,554 108,158,033 112,884,403 Actual FY2010 Actual FY2010 Expenditures 108,158,033

2011 115,210,816 8,263,740 6,470,000 6,420,822 3,001,614 2,875,710 3,579,862 3,650,474 5,064,105 5,230,160 18,428,155 $88,616,373 $88,935,965 125,326,164 115,210,816 Final Budget Final Budget 125,326,164 FY 2011 FY 2011 OriginalBudget Original Budget Original Budget FY FY 2012 3,890,000 6,467,522 6,418,000 5,427,587 3,032,161 5,058,909 3,340,822 3,380,705 5,190,067 5,298,868 $87,594,233 $84,747,391 108,685,072 111,161,193 108,685,072

111,161,193 FY 2012 FY 2012 Introductory Section Introductory 11

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Introductory Section Revenues by Source: FY12 Expenditures by Source: FY12 Summary: 12 Purchased Purchased Services 8% TotalFederal Property Property and Revenue andExpenditures Supplies, Supplies, 12% Other 19% TotalState 60% Salaries and and Salaries Benefits FY12 73% TotalLocal 28% $102,000,000 $104,000,000 $106,000,000 $108,000,000 $110,000,000 $112,000,000 $114,000,000 $116,000,000 $118,000,000 2 projected, seepages 133and134. The BigPicture: To learn more abouthow theDistrict’s budgetforecast is 1 FY 2013 FY 2012 Fiscal Year Future Outlook: FY2014 FY2015 Deficit duetoFarrer rebuild andeconomicconditions • • • • • • • •

weren’t builtintoone-time decreases infederal funding–ongoing programs Loss of ARRA fundingmeanssubstantial Utilities projected toincrease 10% Decrease inindirect ofapprox. $1Million Property taxrevenues andratesheldconstant State fundingdecreased $1.4Million projected eSchoolgrowth Enrollment isroughly flatwiththeexceptionof Class sizesremain thesame increase willberealized increase isduetoashiftfrom otherareas andno WPU increased from $2,577to$2,816; apparent • •

FY FY 2011 109,142,000 112,412,000 114,720,000 $108,685,072 funding increase accounts for $700,000projected state eSchool projected at300students $8.4 Milliontotalthelastthree years Revenue Revenue FY FY 2012 Budget Summary 109,217,140 110,164,785 112,200,455 $111,161,195 Introductory Section Introductory Expenditures All Funds Expenditures ARRA budgets FY2013 $(2,476,121) (75,140) 2,247,215 2,519,545 2 Net FY2014 1

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Introductory Section $102,000,000 $104,000,000 $106,000,000 $108,000,000 $110,000,000 $112,000,000 $114,000,000 $116,000,000 $118,000,000 2 projected, seepages 133and134. To learn more abouthow theDistrict’s budgetforecast is FY FY 2011 Revenue FY FY 2012 Expenditures FY2013 FY2014

Introductory Section health insurance. light ofprojected heavy increases to expected tocontinue, especially in totheright.chart That isalso isn’t spared, asisapparent inthe required, employee compensation As aresult, whenbudgetcutsare the form ofsalariesandbenefits. District expenditures comein organization,As aservice most Expenditures This trend isexpectedtocontinue. inrecentshortfall years. revenues have madeupfor this shows how localandfederal recent years. atright The chart of totalrevenues hasdeclinedin State revenues asapercentage Revenues 13 13 FY08 toFY12 Summary: 10,000,000 20,000,000 30,000,000 40,000,000 50,000,000 60,000,000 10,000,000 20,000,000 30,000,000 40,000,000 50,000,000 60,000,000 70,000,000 80,000,000 90,000,000 Expenditures by ObjectGrouping: FY08toFY12 Revenues by Source: FY08toFY12 - - Salaries and Salaries Benefits ACTUALFY TotalLocal Revenue andExpenditures 2008 FY 2008 FY FY 2009 FY 2008 ACTUALFY TotalState 2009 Purchased Services Purchased ACTUALFY TotalFederal 2010 FY 2010 FY 2011 FY FY 2012 FY 2011 FY 2010 Supplies, Property and Other Propertyand Supplies, BUDGET FY BUDGET FINAL Introductory Section Introductory 2011 BUDGET FY BUDGET ORIGINAL 2012

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Introductory Section Introductory Section Utah, butlessperpupilthantheaverage districtnationwide. in general, Provo CitySchoolDistrictspendsmore perstudentthantheaverage districtin make comparisonsconfusingandinaccurate. thingtokeepThe important inmindisthat methodsofcomputingexpenditures figures candistort and comparable dataandvarying District’s perpupilspendingtootherdistrictsinUtahand theU.S.. A lackofrecent Note regarding perpupilspending: • • • • • • • • • Some oftheDistrict’s noteworthy accomplishmentsinclude: achievement goals. term, pressing needs, andare always heavily influenced by student term budgetinitiatives. These initiatives are designedtomeetshort- and objectives for thecomingyear isthedevelopment ofshort- District’s budgeteachyear. firstofficialstep The very toward goals Student achievement plays acriticalrole inthedevelopment ofthe A True ReturnonInvestment Student Achievement

15 15 The mostonlineclassesinUtah The lowest taxrateofalldistrictsinUtahCounty Above stateaverage teacherpay Over $6.5millionincollegescholarships2010-11 Two schoolsranked inUtah’s Top 10by KSL TV and The Deseret News Basic Skills Test “Substantial” or “Sufficient” scoringinallsubjectareas oftheUtah ITBS standardized tests Moderately orsubstantially higherscores inallsubjectareas ofnational Higher graduationratesthanUtahandnationalaverages Higher ACT scores thanUtahandnationalaverages Purchased Purchased Professional and and Technical Services Other Other Purchased 2% Services 1% Purchased Purchased Property Itcanbemisleadingtocompare Provo CitySchool Services Supplies Employee Employee Benefits Expendituresby Object 12% 7% Property and Per PupilSpending 4% 20% Objects Other Other 6% FY 2011 Salaries 48%

/Central/Schools Administration 9% Support 13% FY 2012SpendingPer Student: Maintenance, Maintenance, Facilities Facilities and Introductory Section Introductory Recreation 13% $7,703 Instruction 65%

Introductory Section Introductory Section Introductory Independence High School1 High Independence ACT Scores %1%2%3%4%5%6%7%8%9%100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Graduation Rates Source: U.S. ofEducationandUtahStateOffice Department and ACT Student Achievement: GraduationRates Timpview High School High Timpview Provo High School High Provo ® Scores Utah U.S. Source: UtahStateOfficeofEducation National, 75% National, 0 Utah, 90% Utah, ProvoSchool District, 94% District, 015 10 5 14.85 20.39 21 21.8 22.47 Introductory Section 20

National Average 25 higher thanthenationalrateof71%. the StateofUtah, andsubstantially was higherthantheaverage ratein In 2010, theDistrict’s graduationrate recent years. than stateandnationalaverages in School Districthave beenhigher Average ACT scores inProvo 16 16

Introductory Section Introductory Section Property Taxes: Park City (highest)Park Statewide Average Statewide 17 Property Taxes for Provo SchoolDistrict Provo SchoolDistrict Total Tax Rate Assessed Value ResidentialExemption Business Value Business/Commercial Property Taxes for Provo SchoolDistrict Provo SchoolDistrict Total Tax Rate Assessed Value ResidentialExemption House Value Residential Tintic Tintic (lowest) Park City (highest)Park Provo - 500,000 1,000,000 1,500,000 1,000,000 500,000 - 143,410 143,410 Tax BaseandRate Trends 377,902 377,902 383,000 383,000 Statewide Average Statewide $1,676.50 $250,000 $250,000 $137,500 $250,000 0.006706 0.006706 Provo 2,000,000 $922.08 2011 2011 45% 0% Tintic Tintic (lowest) 2,500,000 3,000,000 2,500,000 $1,788.25 $250,000 $250,000 $137,500 $250,000 0.007153 0.007153 $983.54 2012 2012 45% 2,706,174 2,706,174 0% for Provo residents toendure. property taxrateswould bedifficult with less., sincesubstantially raising meaning theDistrictmust make do values torebound to2007levels, take several years for property the recent recession. Itwilllikely Property valuesare stillreeling from $320,000 estimated tobe Property valueperstudent is Introductory Section Introductory inFY2012. approximately

Introductory Section Introductory Section Introductory 2007B SeriesG.O. Bonds 2007A SeriesG.O. RefundingBonds 2006 SeriesG.O. Bonds 2004 SeriesG.O. RefundingBonds 1998 SeriesG.O. RefundingBonds GENERAL OBLIGATION BONDS As ofJune 30, 2011 District District Debt 1 Provo City)lessadjustmentsfor redevelopment and anallowance for doubtfulcollections. Adjusted assessedvalueisthe combinedresidential andbusiness property valueinthearea oftaxation(inthiscase G.O. Debt Debt G.O. of(as June 30, 2011), 2011), June 30, $62,769,235 $62,769,235 Series Long-term Debt based based statute, on G.O. Debt Debt G.O. Limit $152,770,227 $152,770,227 and Allowable DebtLevel School Building Bond Refunding School Building Bond Refunding Bond Refunding Purpose 25,600,000 8,220,000 9,400,000 18,690,000 4,950,000 Total GeneralObligationBondsPayable asofJune 30, 2011 Original Amount Introductory Section The approximate adjustedassessedvalue away from buildingmaintenance. appropriate, asprioritiesandattentionwere shifted below whatthecurrent administrationconsidered decade, thecondition ofsomeDistrictbuildingsfell option topay for long-termassets. Inthe previous maintained. Long-termdebtis oftenthebest still must ensure buildingsare safe andproperly avoids excessive, debt, unnecessary theDistrict initsdebtpracticesand Although itisconservative value ofProvo -farlessthanwhatisallowed by law. obligation debtisat1.6%oftheassessedmarket It wasnotedpreviously thattheDistrict’s general approximately $153million($3.82billionx4%). the District’s generalobligationdebtlimitis taxable properties inProvo is$3.82billion, meaning Interest RateRange 4.00% to4.50% 3.40% to4.15% 2.0% to5.0% 3.807% 4% Final MaturityDate June 15, 2027 June 15, 2015 June 15, 2026 June 15, 2017 June 15, 2013 3,832,000 7,600,000 1,015,000 22,475,000 13,260,000 $48,182,000 Outstanding 1 Current Balance of 18

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Granite eSchool. five years isthe result ofgrowing enrollment in Most Districtgrowth expectedover thenext enrollment hasbeenrelatively flatsince2000. Although there have beenfluctuations, District

Alpine Enrollment Davis

Jordan Enrollment Canyons Weber Nebo in areas withlargeamountsofaffordable property available. In Utah, thedistrictsthatgrow thefastestare typically located Washington Salt Lake Cache Tooele Provo Ogden Box Elder Iron Uintah Murray Logan Wasatch Sevier Duchesne Park City p Carbon Projected South Sanpete San Juan Millard Morgan North Sanpete Emery Juab Beaver Grand

South Summit ofmajorcities. periphery been the on areas typically suburban in centered has in years state recent the in growth new and district,one-city,school a urban is compounded by the is fact that Provo problem develop. This to land available more much have districts school neighboring while Provo, fact in land the available little is there is that this for reason One to remain relatively projected flat. it’s Provo dramatically, in while grow to expected is Utah in population school-age the years, several next the Over Kane 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 Year 2015 2014 2013 2012 Introductory Section Introductory North Summit Garfield p p p p p Wayne Rich

Piute Enrollment Tintic 13,376 13,241 13,288 13,083 13,272 13,273 13,359 13,103 13,177 13,298 13,241 13,921 13,811 13,686 13,651 13,841 Daggett

Introductory Section Introductory Section Introductory Introductory Section 20

Introductory Section Introductory Section 21

PRO VO C IT

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KNOWLEDGE

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R I C Organizational T citizens.” the qualityoflife for Provo approach helpsusimprove long-term, forward thinking lowest inUtahCounty. This keeps property taxratesthe “Provo CitySchoolDistrict Utah Valley Chamberof Section -Steve Densley

Commerce President

Introductory Section Organizational Section flows through thisentity. process, andthemajorityofDistrict’s funding (USOE). The USOEgenerally oversees thebudget oversight by theUtahStateOfficeofEducation of Provo, italsoissubjectto emphasis onanswering tocitizens the Districtplacesitsgreatest and modifyitsbudget. While debt, determinefees andapprove the authoritytolevy taxes, issue general election. The Districthas elected by Provo citizensina is anindependententity, withboard members in UtahCounty, Utah. However, theDistrict residing withintheboundariesofProvo City Provo CitySchoolDistrictisaK-12district Legal andFiscalConsiderations The District Entity 1 U.S. CensusBureau, 2010 citizens ofProvo.” on answering tothe its greatest emphasis “The Districtplaces 112,000 residents Provo, withapopulationofapproximately resides wholly withinProvo Cityboundaries. It wasmentionedpreviously thattheDistrict Service Area figures each year. School Districtprojects relatively flatenrollment Unlike surrounding schooldistricts, Provo City it the11thlargestofUtah’s 41schooldistricts. contained specialeducationstudents-making had 13,385studentsenrolled -includingself- 1 , isthecountyseatand October 1, 2010, theDistrict schools.elementary As of two middle schools, and13 school, oneadulthighschool, schools, onealternative high of 19schools: two high County. The Districtconsists business centerfor Utah 22

Organizational Section Organizational Section 23 proposed adoptionby thelocalschoolboard. inspection atleast15days priortothedateofits the districtbusinessadministratorfor public 3. The tentative budgetshall befiledwith theestimated financialconditionof fiscal year. the districtby fundsatthecloseofcurrent . adetailedestimateoftheessential succeeding fiscal year; and expenditures for allpurposesfor thenext calculation; . anestimateoftherevenues for the current year’s taxablevalueasthebasisfor this levy thatwillraisetherequired revenue, usingthe theestimatedrevenues and succeeding fiscal year baseduponthelowest tax therevenues andexpenditures ofthe expenditures ofthecurrent fiscal year; preceding fiscal year; T items: documentsshallincludethefollowingsupporting a tentative budget. The tentative budgetand shall prepare andfilewiththelocalschoolboard 2. PriortoJune 1ofeachyear, thesuperintendent the budgetofficerofdistrict. 1. The superintendentofeachschooldistrictis budget. district budget officer—School 53A-19-101. as district ofschool Superintendent legal requirements. This budgetisadoptedincompliancewiththese Significant Laws applicable toUtahSchoolDistrictbudgets. provisions ofthelaws oftheStateUtah ofthesignificant he following isasummary E. D C B. A. Affecting thisBudget following: in regards tothehearing, theboard shalldothe Title 52, Chapter 4, OpenandPublicMeetings, proposed budget. Inaddition tocomplying with rate, theboard shallholdapublichearingonthe tax tax ratewhichdoesnotexceedthecertified 2. Priortotheadoptionofabudgetcontaining Disclosure Act inadoptingthebudget. the board shallcomply withthe Tax Increase tax ratedefinedinSubsection59-2-924(2), rate intheproposed budgetexceedsthecertified appropriations for thenextfiscal year. Ifthetax school board shalladoptabudgetandmake 1. PriortoJune 22ofeachyear, eachlocal 53A-19-102. boards budget Localschool procedures. of Education. budget withthestateauditorandStateBoard 3. The board shallfileacopy oftheadopted fileacopy oftheproposed budget inspection atleasttendays priortothehearing. publishtherequired newspaper with theboard’s businessadministratorfor public notice atleastoneweek priortothehearing; and B. A. Organizational Section

Organizational Section Organizational Section appropriated andshallbefundbalancesavailable shall revert tothefundsfrom whichthey were appropriations attheendoffiscal year 4. All estimated balancesavailable for of thedeficitamount. revenue for theensuingyear, by fund, atleast25% may deductfrom theestimatedexpendable 3. Intheevent offinancialhardships, theboard year. entire taxrevenue ofthedistrictfor theprevious ensuing year totheextentofatleast10% deducted from theestimatedrevenue for the excessive expenditures from former years are revenue, any existingdeficitsarisingthrough 2. Indeterminingtheestimatedexpendable reserves, for thefollowing fiscal year. expendable revenue, includingundistributed appropriation inexcessofitsestimated 1. A localschoolboard may notmake any expendable revenue. 53A-19-104. —estimated Limitsonappropriations salaries for schooldistrictemployees. in thenegotiation orsettlementofcontract 3. The board may notuseundistributedreserves State Board ofEducationandthestateauditor. board shallfileacopy ofthe resolution withthe thereasonsforth for theappropriation. The adopted by amajorityvote oftheboard setting (general fund)budgetby writtenresolution classification inthemaintenanceandoperation undistributed reserve madetoany expenditure 2. The board may appropriate ofthe allorapart of theschooldistrict’s budget. Board ofEducation. The scaleisbasedonthesize accordance withascaledeveloped by theState (general fund)budgetadoptedby theboard in exceed 5%ofthemaintenanceandoperation an undistributedreserve. The reserve may not 1. A localschoolboard may adoptabudgetwith budget. 53A-19-103. board inschool reserve Undistributed considered; and noticeoftherequest ispublished the board meetingatwhichtherequest willbe the schooldistrictatleastoneweek priorto in anewspaper ofgeneralcirculation within theboard receives awrittenrequest the reasons for theproposed increase; from thedistrictsuperintendentthatsetsforth . thepercentage ofthedisbursements thedisbursements from the as ofthedate ofthereport. theamountsofallbudget appropriations asofthedatereport; and appropriations; following information: a report, onamonthly basis, that includesthe board shall provide eachboard memberwith 1. The businessadministrator ofeachlocalschool 53A-19-108. Monthlybudget reports. life orgreat lossofproperty. required becauseofemergenciesinvolving lossof This chapter doesnotapply toappropriations 53A-19-107. expenditures. Emergency board. limits ofthebudgetpassedby thelocalschool funds exceptinaccordance withandwithinthe board may notdraw warrants onschool district The businessadministratorofalocalschool administrator. 53A-19-106. Warrants drawn by business . theboard holds apublichearingon request. the request priortotheboard’s actingonthe taken: made by theboard unlessthefollowing stepsare 6. An increase inanappropriation may notbe one week priortothemeeting. members andthedistrictsuperintendentatleast of theproposed actionisgiven toallboard appropriation atitsregular meetingifnotice 5. A localschoolboard may reduce abudget year. for appropriation inthebudgetoffollowing B. A. C B. A. C 24

Organizational Section Organizational Section 25 1. OperatingBudget Policies administration ofthisbudget. Board ofEducationguidethepreparation and The following proposed budgetpoliciesofthe The Districtwillbudgetfor major the Board ofEducation. capital projects inaccordance withtheprioritiesof The District willdevelop and improvements and updateitannually. administer amulti-year planfor capital 2. Capital Improvement Budget Policies . The Districtwilluseazero-based justified each year. budgeting method, where allexpensesmust be Where possible, theDistrictwill productivity indicators withthebudget. integrate performance measurement and . The Districtwillprepare monthly expenditures tobudgetedamounts. reports comparingactualrevenues and . The Districtwill following thebudgetplan. control systemtoassist in maintain anonlinebudgetary capital faciltiesandequipment. The budget and for orderly replacement of maintenance of capital, equipment, will provide for adequate rolling over debt. short-term expenditures, accruingfuture years’ revenues, or future years’ expenditures, suchaspostponing The Districtwillcover current current expenditures attheexpenseofmeeting will avoid procedures budgetary thatcover expenditures withcurrent revenues. The District Financial A. B. A. F E. D C B. and Budget Administration Policies justified each year.” expenses must be method, where all zero-based budgeting “The Districtusesa The Districtwillidentifytheestimated capital project proposal before itissubmittedto costs andpotentialfundingsources for each . The Districtwillmaintainallassetsat and replacement costs. investment andtominimizefuture maintenance a level adequatetoprotect theDistrict’s capital operating budgets. improvements willbeprojected andincludedin . The Districtwillcoordinate operating costsassociatedwithnew capital with development oftheoperatingbudget. Future development ofthecapital improvement budget .the District’s financialstrength. The Districtwillprovide tothecapital information andmaterialevents that may affect markets ongoing disclosure ofannual financial and officialstatement. The Districtwillmaintain policy offulldisclosure inevery financial report its financialcondition. TheDistrictwill follow a . The District willmeetalldebtservice communication withbondratingagenciesabout . The Districtwillnotuselong-term obligations whendue. debt for current operations. Total generalobligationdebtwillnot taxable property withintheDistrict. exceed 4%ofthereasonable fairmarket valueof The Districtwillconfinelong-term equipment, asrequired by law. borrowing tocapital projects andpurchases of E. D C F E. D C B. A. 3. DebtManagement Policies utilization. guidelines for schoolbuilding to beconsistentwithstate new orreplacement construction . The Districtwillrestrict any the board for approval. F Organizational Section

Organizational Section Organizational Section 5. Policy FundBalanceandReserve of itssource andamount. The Districtbusinessadministratorwill budget thatcannotbeverified withdocumentation process. The Districtwillnotincluderevenue inthe estimate annual revenues by anobjective, analytical 4. Revenue EstimationPolicies Standards Board. The accountingsystemwillreport as establishedby theGovernmental Accounting Generally Accepted Accounting Principles(GAAP), financial information, onabasis consistentwith PoliciesReporting 6. Accounting, Auditing, andFinancial The capital fundwillmaintainaminimum situations. balance oftwo milliondollarsfor emergencyrepair unrestricted revenues. Inorder tomaintainandprotect the be maintainedatornear5%oftotalGeneralFund fund balanceandreserves intheGeneralFundwill long-term financialcapacity oftheDistrict, total Financial andBudget Administration Policies Continued Our StudentsOur are Prepared. The Job Market is Provo Now Learning in10 Languages District: School City A. B. A. A. Outdoor Marketing Campaign, Summer 2011 Government FinanceOfficers Association. Distinguished BudgetPresentation Award from the of SchoolBusinessOfficialsInternationalandthe Meritorious Budget Award from the Association District willalsoseektoobtainandmaintainthe Government FinanceOfficers Association. The . The Districtwillseektoobtainand School BusinessOfficialsInternationalandthe fromin FinancialReporting the Association of maintain a ofCertificate Achievement for Excellence statements. . public An independentcertified publicly issueitsopinionontheDistrict’s financial Education andwillperform anannual audit, andwill accounting firmwillbeselected by theBoard of Regularmonthly andannual financial by fund. offinancialactivity reports willpresent asummary Global D C B. 26

Organizational Section Organizational Section 27 balanced againstresources. District’s state fundinglevel, andrequirements are bargaining groups. The legislature determinesthe compensation isnegotiated withseveral budget for theupcomingfiscal year. Employee headstodevelopand department adetailed worksDepartment withdirectors, principals, From through January May theBudget this book. surveys willbecovered inmore detaillateronin based onimportance. The budgetinitiative 2009 askingthepublictorankinitiatives questions, theDistrictalsosentoutsurveys in dedicated emailaccounttohandlebudget-related initiatives ontheDistrictwebsite andsettingupa comment. Inaddition toplacingtheseshort-term and forwards thebudget initiatives for public modifies, ifnecessary, thebudgetinitiatives outcomes. The Board the Board-established feels willaccomplish the administration budget initiatives which is presented asetof In January, theBoard through thefall. upcoming fiscal year and objectives for the programs toachieve theBoard-established goals directors andprincipalstoidentifystrategies year. worksThe BudgetDepartment closely with sets goals andobjectives for theupcomingfiscal Board reviews itslong-termstrategicplanand the annual reportisprepared. At thattimethe the Board ofEducation. Itbeginsinearly fallafter affecting thepublic, legislature, employees and Budget development isayear-round process, year. years beginningJuly 1standendingJune 30theach The Districtusesanannual budget, withfiscal Budget Development of Education.” employees andBoard public, legislature, affecting the year-round process development isa “Budget and Review Process budget occursatthesametimerest ofthe The development ofthecapital improvement Capital Budget Development August. objectives, itwillconductapublichearingin is required toaccomplishitsdesired goals and If theBoard shoulddecidethatataxincrease becomes theofficialoperatingplanofDistrict. held inJune. Onceadopted, thebudgetdocument votes toadoptthebudgetatapublichearing discussed withtheBoard ofEducation. The Board The proposed budgetispresented toand checked daily by Districtadministrators. here toemailtheDistrictright away. Emails are Have feedback you wanttoshare? Please click when buildingthebudgetandforming policy. some oftheways theDistrict utilizespublicinput improvement. Pleaseseepage33tolearnabout School District, althoughthere isalways room for does more toinvolve thepublicthanProvo each year. ItisourbeliefthatnodistrictinUtah the #1determinantwhenbuildingbudget substantial publicinput. Infact, publicinputis budget planning. These policiesare craftedwith processes isacritical componentoftheDistrict’s Following clearpolicies andhaving effective Affect Budget Development How Policies andProcesses board meetings. presented tothepublicthrough regular management for review. This listisalso to theBoard ofEducationandDistrict in order ofimportance, isthengiven is determined. A listofpotentialprojects, the impactoncapital projects budget Once theinitiatives andgoals are drafted, an impactonthecapital improvement list. budgetinitiativesof theshort-term have District’s budgetsare developed. Many Organizational Section

Organizational Section Organizational Section District administrators, andaprompt response isguaranteed. Have feedback? approval. of program budgetsrequire Cabinet andBoard Department. New program budgetsorexpansion within theirbudgetwithapproval oftheBudget authorized tomake changes(reallocations) Cost centercontrollers are, withfew exceptions, the timethey are originated. encumbrances againstavailable appropriations at Requisitions, purchase orders, etc. are reportedas compliance.and helpsencouragebudgetary center budgetstatusinformation on demand An onlinebudgetcontrol systemprovides cost within thelimitsofavailable appropriations. and authorizedby thecostcenter controller and be incurred unlessthey are properly classified or managetheirbudget. Expenditures willnot actionfor failuredisciplinary toproperly control to control “their” budget, andare subjectto These costcenteradministratorsare responsible administrator orbuildinglevel administrator. may beageneraladministrator, department pieceofthebudget.that particular This person to somepersonasa “cost centercontroller” for of expenditures includedinthebudgetisassigned compliance withtheadoptedbudget. dollar Every The Districthasmechanismsinplacetoensure Management Process Budget Administration

Scenario Scenario Scenario One:

Three: Two: Pleasesendanemailto Revenues >Expenditures Revenues =Expenditures Revenues + Appropriated FundBalances=Expenditures Balanced Budget Scenarios and [email protected]. This email accountischecked daily by funds, whileotherfundswillbe atornearbreak-even. some in reserves its into tapping District the in result balanced under Scenario is Three. Substantial cuts in funding budgetwill District’s the 2012, FY For adopted budgetby individualfundeachyear. requires thatDistrictexpenditures donotexceedthe proceeds from theissuance ofbonds. The StateofUtah prevalent whencapital projects are budgetedusing of funding. This typeofbalancedbudgetisespecially place tonotbuildongoing expenditures intothistype funding from previous years isavailable, andaplanisin budget tobebalancedinthiscasealso, provided the non-routine expenditures. The Districtconsidersthe years onone-timeor balances from previous plan tospendfund the Districtmight also instanceswhen a surplus. There are which istechnically than totalrevenues, expenditures are less the budgetisalsobalancedinsituationswhere total expenditures are equaltototalrevenues. However, The Districtconsidersthebudgetbalancedwhentotal Balanced Budget: 2012.” Three for FY under Scenario budget isbalanced “The District’s Definition 28

Organizational Section Organizational Section 29 New Thinking. Innovating Daily. Since 1898. Provo District School City SizeOne Doesn’t Fit to bechallenging andflexible Free, accredited designed onlinelearning approved by theBoard astherevised budget. included inthebudgetdocumentandare appropriations for thepriorfiscal year are 4. Adjustments inestimatedrevenue and budget. toamendingthe prior fund require apublichearing Superintendent, butincreased by appropriations by theBoard afterrecommendation ofthe reallocations ofappropriations may beapproved by subsequentBoard action.Reductionsinor 3. Onceadopted, thebudget canbeamended legally adoptsthefinalbudgetpriorto June 22. and apublichearing, theBoard ofEducation 2. After study, deliberation, possibleamendments, superintendent onorbefore thepreceding June. is presented totheBoard ofEducationby the Administrator prepares atentative budgetwhich 1. For the fiscal year beginning July 1, the Business Budget Approval and Adjustment Process Outdoor Marketing Campaign, Summer2011 school. principal and/orotherrepresentatives ofthe of theDistrict’s facilitiesstaff, andtheschool year every buildingisreviewed by representatives a geotechnicalanalysis ofeachsite. Also, each structural engineeringstudyofeachbuildingand in ourcommunity. This process includeda based committeerepresenting many experts a studyandrecommendations by abroad- been developed through aprocess thatincluded replacement andretrofit program whichhas 7. The Districthasalong-termbuilding federal guidelines. appropriations lapse unlessrestricted by stateor 6. At theendofayear, unencumbered budget ofagiven fund. may notlegally exceedappropriations isthetotal Public Instruction, thelevel atwhichexpenditures 5. As determinedby theStateSuperintendentof All eSchool Organizational Section

Organizational Section Organizational Section detailed way revenues andexpenditures are tracked. example. With afew exceptions, objectsare themost objects atamuch more detailedlevel thanthisgeneral equipment, etc. However, theDistrict accountsfor Examples ofobjectsincludesalaries, benefits, supplies, Objects function. the District’s expenditures go toward theinstruction instruction, support, maintenance, etc. The majorityof expenditure ismade. Functionsare classifiedsuch as isacquiredthe activityfor oran whichaservice expenditures thanprograms. A functiondescribes Functions are amore generalway toclassify corresponding codes. some discretion indeterminingprograms andtheir Office ofEducation, althoughtheDistrictdoeshave programs basedonguidelinesgiven by theUtahState objectives. For themostpart, theDistrictsegregates its and implementedtoachieve aspecific goal orsetof Programs Funds this budget, withtheexceptionofcostcenters. requirements, alloftheseclassificationsare includedin center”), function, andobject. Duetovariousreporting by fund, program, location(alsoknown asa “cost District revenues andexpenditures are tracked Revenues &Expenditures Method ofClassifying in theperiodwhich liability isincurred. and measurable. Expenditures are typically recognized where revenue isrecognized whenitbecomesavailable Accrual Basisisa accrual basis Instruction. Budgetsare presented onthe interpreted by theStateSuperintendentofPublic for schooldistrictsasprescribed by statelaw and The Districtoperateswithinbudgetrequirements Basis of are the most general way to classify expenditures. are themostdetailedofclassifications. mightalsobecalledprojects, aseachisfunded Budgeting for allgovernmental funds. The Modified government accountingmethod modified administration building. newsletters, andrecords kept onfileattheDistrict variety ofmeans, includingmonthly board meetings, methods are madeavailable tothepublicthrough a and documentationregarding revenue projection documentation ofitssource andamount. Information revenue inthebudgetthatcannotbeverified with objective, analytical process. The District does not include The District’s policyistoestimateannual revenues by an necessary. agencies isusedtoproject future revenues when Census Bureau. Information from several othersmaller the UtahState Tax Commission, andtheUnitedStates State Governor’s OfficeofBudget andManagement, such astheUtahStateOfficeofEducation, theUtah The Districtalsoconsultsstateandfederal agencies, to year. (and asaresult revenue) willberelatively flatfrom year District operatesundertheassumptionthatenrollment in estimatingrevenue for FY2012. As ageneralrule, the after thattime. The Districtusedeachofthesemethods Board of Education and management are given the results for thecomingyear isnormally doneinthefall, andthe more detailed analysis for the next year. Detailed analysis and whatisreferred toas detailed approach, usingmigrationpatterns, rates, birth expected studentenrollment for future years. A more Typically enrollment, whichisthebiggestdriver ofstaterevenue. relies heavily onitsown internaldatatoestimate When projecting revenue for future years, theDistrict Revenue Projection exception ofthoseindicatedasafundbalancereserve. All annual appropriations lapse atfiscal year-end, withthe audited financialstatements. This isthesamebasisofaccountingusedinDistrict’s regression analysis isusedtoforecast general survival rates,survival isusedtogeta Methodology 30

Organizational Section Organizational Section 31 Impact ofPlanningProcesses ontheBudget continues toplay akey role infuture planning. to theDistrictover thepastseveral years, andit driving force behind many oftheimprovements section ofthisbook. is covered ingreater detailinthecapital projects capital improvementshort-term planfor FY2012 and improved employee compensation. improvements funded through localproperty taxes Other key areas oftheplaninvolve capital the financialsectionofthisbook. stimulus funds, whichisdiscussedingreater detailin is therebuilding ofFarrerusingfederal Elementary were criticalpiecesoftheDistrict’s masterplan, as The bondprojects, finalizedasof June 30, 2009, helping boostsaggingcompensationfor employees. upgrades andreplacements toschools, inaddition to bond andleeway, whichwould helppay for critical District. In2006, voters approved a$35million topaynecessary for themostcriticalneedsin it becameevident thatabondelectionwould be the difficult realities itfaced, As theDistrictgrappled with open housesthroughout thecity. master planataseriesofpublic five different scenarios for the 2004, thecommitteepresented condition data. InSeptember information andbuilding began studyingdemographic employees andlocalcitizens committee comprisingDistrict it difficulttohire and retain good employees. A competitive thanincompetingdistricts, making the sametime, Districtsalarieswere becomingless of renovations, and, insomecases, replacement. At it wasobviousthatbuildingswere indesperateneed current masterplanbeganinlate2003. At thetime, budget development. Planningfor theDistrict’s Planning processes play acriticalrole intheDistrict’s The masterplanhasbeenthe process eachyear.” development District’s budget critical role inthe planning plays a “Long-term The District’s guaranteed. by Districtadministrators, andaprompt response is [email protected]. This email accountischecked daily Initiative isdiscussedingreater detaillaterinthisbook. the public, Board, staffandlocalbusinessleaders. The plan thatwasdeveloped withsubstantialinputfrom 20/20 Initiative, launchedinlate 2010, isalong-term coming year, butseveral years intothe future. The The District’s planningprocesses affect notonly the personnel-related areas. conducts employee surveys tohelpsetdirection inkey any budgetsare officially developed. TheDistrictalso District’s website, mailingsandpublicmeetings)before are thenmadeavailable for publicreview (viathe District staff, budgetprioritiesare set. These priorities are madeavailable totheBoard ofEducationand the budgetdevelopment process. After theresults surveys, discussedlaterinthisseciton, are criticalin is thepublicinputaspectofbudgetdevelopment. Public Another key planningprocess employed by theDistrict ofthisplan,buildings until2017aspart althoughthe anticipate theneedtouseregular bondissuancefor the aforementioned bondin2006. The Districtdoesn’t section ofthisbook. ofthisplanwasthepassing Part plan, whichissummarizedinaschedulethefinancial a 20year capital improvement/building replacement information andpreferences from thepublic, developed Recently, theBoard ofEducation, armed with Have feedback? modern buildingsintheDistrict. stressed for safe theirsupport and correspondence, Provo citizenshave of Educationmeetingsandother initiatives, community meetings, Board election, publicsurvey onbudget of thisbook). Through thebond more detailinthefinancialsection the federal stimulus bill(discussedin from taxcredit bondsavailable through District isutilizingproceeds from the Pleasesendanemailto Organizational Section

Organizational Section Budget Development andReview Process: Budget Timeline step ofthebudgetprocess. For more onthis, pleaserefer tothenextpage. Public inputiscriticalfor theDistricttobesuccessful, andtheDistrict makes possibletoinvolve every effort thepublicinevery round process, affecting thepublic, legislature, employees andtheBoard ofEducation. The Districtusesanannual budget, withfiscal years beginning July 1standending June 30theach year. Budgetdevelopment isa year- Jul Aug Sep Oct NovDec Jan FebMar Apr May Jun Organizational Section Budget book Current year’s budget completed

Truth-in-Taxation (if necessary) External audit Next year’s budget

Actuals Report to State Budget trainingsessions adjusted for enrollment budgets School Department goalsand objectives developed Current yearbudget review andboard-approved adjustments Onsite budget visits Affects bothyears Public comment viameetings, surveys andfocusgroups

Goals finalized completed; staffing requirements determined projections Enrollment Capital Improvement Plan Developed development bydirectors Prelim Budget Compensation Hearings estimates Next year’s budgetdeveloped Revenue Legislative session Executive budget meetings

Prelim. Appropriations

Budget draft released Budget submitted to Board comment period Budget Report to State Public

32 Budget approved by Board

Organizational Section Organizational Section 33 ment. District tomake criticaldecisionsinadynamic environ the budgettooverall satisfaction. The panelallows the on criticalDistrictdecisions, withtopicsrangingfrom instantaneous feedback panel allows for near- of asurvey panel. The parents tobeapart solicited namesof In 2010, theDistrict Panel District Survey all residents achancetohave their voices heard. for comments, toeachhouseholdinProvo. This gives normally sendsoutapostcard survey, withspace left mailings thatare already planned. However, theDistrict so oftenDistrictsurvey attemptsare combinedwith It’s expensive toreach all112,000residents inProvo, Direct MailSurveys public attheforefront oftheprocess. get isbuiltwiththestudents, parents andthegeneral stepstakenimportant toensure thateachyear’s bud municate withthepublic. Below are someofthemost There are several toolstheBoard andstaffusetocom important, effective communication goes bothways. back upclaimsleadstotransparency. Perhaps most it’s easytoclaimtransparency, consistentactionsthat ward-thinking budget. The Districtbelieves that, while Stakeholder feedback isessentialtoatransparent, for Budget Process: school inUtah. eSchool offers more coursesthanany otheronline it wantedmore onlineoptionsfor theirstudents. Today, online school, eSchool. The publicclearly indicatedthat One ofthosedecisionswastoexpandtheDistrict’s District tomake key offering decisionsin2011. service Having accesstothis typeofinformation allowed the private schools, etc. schools, suchas traditionaldistrictschools, and charter tal decisionstosendtheirchildren tovarioustypesof survey wastodeterminewhatfactorsinfluenceparen conduct asurvey ofarea residents. The objectofthe In 2011, theDistricthired Qualtrics®to partner Qualtrics® Survey Panel Stakeholder Involvement Provo CitySchoolDistrict. “ more transparent than public entityinUtahis “It’s ourbeliefthatno - - - - - expand toseveral key districtareas, includingthebudget. tion ofeSchool. Eventually, theuseoffocus groups will inititial pushofthegroup willbetohelpguidethedirec- In 2011-12, theDistrictislaunchingafocus group. The Focus Groups employees soeachandevery employee hasavoice. difference. theDistrictconductsregular surveys withits District employees know theirvoice andopinionmake a feeling thattheirvoices aren’t beingheard. To ensure all Often, oneofthethingsthatfrustrateemployees isthe Happy employees work harder andare more dedicated. Employee Surveys provide unbiasedview avery ofpublicopinion. research firm. Phonesurveys are expensive, butthey can cally by outsourcing theproject toareputable marketing Periodically, theDistrictwillconductphonesurveys, typi- Phone Surveys trict.” Utah ismore transparent thanProvo CitySchoolDis- ness Administrator, “it’s ourbeliefthatnopublicentity in seriously.very According toKerry Smith, DistrictBusi In summary, theDistricttakes stakeholder involvement ments, whichare postedon theDistrict’s website. information thepublicseeksiscontainedinthesedocu have gone down substantially, becausealmostallthe ASBO andGFOA award-winning documents, requests financial matters, andsincetheDistrictbeganpublishing Act (GRAMA). MostGRAMArequests are related to law, theGovernment Records Access andManagement The Districtfully complieswithUtah’s openrecords Open Records Laws ensure nocitizenisdeniedtherighttoprovide feedback. support. The Districtmakes every reasonable to effort a specifictime for citizensto voice theirconcernsand ing. The Districtholdsmonthly board meetingsthatallow The oldestform ofpublicinvolvement isthepublicmeet- Public Meetings to theDistrict. often aseachweek, andthey are critical These steeringcommitteesmeetas schools, andthebudget. departments District thathelpguidethedirection of There are several committees in the Public Committees Organizational Section - -

Organizational Section Organizational Section 34 have aprofound impactontheculture, performance andbudgetoftheDistrictinyears tocome. developed withpublic, Board andstaffinput. ImplementationbeganinFY2011. The 20/20Planwill in needofimprovement. the20/20Plan, goals willsupport All short-term whichisalready being The planwillincluderevised andcomprehensive performance measures toshow progress andareas talents andgifts. todevelopopportunities their respect andare given broad are treated withdignityand magnified whenindividuals We believe potentialis 3. IndividualPotential educational community. essential for allmembersofour that continued learningis love for learning, we recognize children andinstillinginthema missioniseducating our primary human conversation. Because ofthe critical tobeingpart learners andthinkers. This is development ofindividualsas to expectandencouragethe complex future requires us We believe ourincreasingly 2. Life-long Learning excellence atalllevels ofourorganization. as well asfor studentlearning. We strive for adults wholead, andteachourstudents, support outcomes. We have highexpectationsfor the to highly effective teachingwithsuperiorlearning We are absolutely andunequivocally dedicated 1. PursuitofExcellence The “20/20 Plan”replaced theDistrict’s long-termgoals, whichwere to: Long-range 20/20Plan: Seven GuidingPrinciples • • • Increase thefidelityoflong-termDistrictmanagement Build confidenceinseekinginputfrom stakeholders Provide ahigh-qualityeducationtothechildren ofProvo opportunities. full spectrumofeducationalanddevelopmental removing barriers eachcanbeincludedinthe We valueallindividualsandbelieve thatby 4. Inclusionof All 5. Family Partnerships special attention. other learningandtherefore our deserves We believe literacyisthegateway toall 7. Literacy humility inourinteractions. and willexpecttrust, respect, civility, and will modelandcultivatereasoned discourse of life. We hold thispublictrustsacred. We themselves andsustainourdemocraticway education istoprepare studentstogovern We believe purposeofpublic theprimary 6. CivicEngagement children. intheeducationoftheir full participation schools, andencourageexpecttheir welcome familiesintotheirchildren’s a strong withfamilies. partnership We needs ofchildren canbestbemetthrough the educationofchildren. The educational We recognize in familiesasvital partners Organizational Section

Organizational Section Organizational Section successful incollegeoracareer. skills, tobe attitudesanddispositionsnecessary each level andwillgraduatestudentswiththe areas ofourorganization. 4. We commit 3. We will 2. We will 1. We commit Long-range 20/20Plan: mutual respect, cooperationandcivility. tochildren. service individuals whosehighestpriorityisbeingof a highly effective principal. We committoemploy highly effective teacherandthatevery schoolhas Today’s World Beckons for Leaders character-building extra-curricular programs 140character-building extra-curricular Offering Provo District School City on thestageandin classroom. Creating tomorrow’s leadersonthefield, focus onhighqualityacademicsat cultivateandreward excellenceinall topersonalresponsibility, thatevery classroom hasa Outdoor Marketing Campaign, Summer2011 Imperatives education oftheirchildren. with specialneeds. minorities, disadvantagedstudents, andstudents write andthinkcritically. learning. reasoning, creativity, innovation andlife-long the fullrangeofhumanpotential, includingcritical 9. We commit 8. We will 7. We will 6. We will 5. We will and generalDistrictoperations. accountability andsustainabilityinourfinances actively engageparents inthe bedeliberateintheeducationof ensure thateachstudentcanread, ensure thatinspire opportunities toefficiency, transparency, 35

Organizational Section Organizational Section 36 support support The Initiative. term strategicplan, the20/20Initiative. goals wereAll Districtwideanddepartmental developed to The District’s FY2012District-widegoals, listedbelow, represent thefirstphaseofDistrict’s long- daily by Districtadministrators, anda prompt response isguaranteed. District-wide Goals: Have feedback? • • • Actions Goal 1. and EvaluationProcedures • • Actions Goal 3. Parents andCommunity Exemplary Performance • Action Goal 2

Employ academiccoachestoimprove teacherclassroom pe Design andimplementafocused professional development planthatcultivatesexcellence process for releasing orredeploying low performers whenrequired Develop ahighly effective principalandteacherevaluation system, andimplementan effective Develop abroad-based Latinooutreach initiative Establish adistrict-widecompactwithparents Develop astrategiccomprehensive compensationpay plan . ConfirmHighly Effective Principalsand Teachers Through EnhancedEmployment, Training Form ClearExpectationsfor Level allStaffatEvery oftheOrganization, Reward

Transform Communications, andRelationshipExpectationswith CustomerService

Pleasesendanemailto FY 2012 Goals continued onnextpage [email protected]. This email accountischecked rformance Organizational Section

Organizational Section Organizational Section District-wide GoalsContinued: • • • • • • • Actions Goal 4. • • • Actions Goal

• • Actions Goal 5. Action Thinking • • Goal 6.

student canread ongradelevel Develop specificstandards andstrategiestoaddress thesummer reading loss Enhance schoolschedules Implement Professional LearningCommunities withfidelity accountable totheseoutcomes Identify andcreate essentiallearningoutcomesandformative assessments; holdteachersandstudents every school, every day Institute Tier II(prescriptive) inliteracyandnumeracy interventions directed tostrugglingstudentsin (RTI),Intervention extended-day (before/after-school) programs Implement district-widestandards for Professional LearningCommunities (PLCs), Responseto Institute the3 Enhance securitydistrict-wide Reorganize busingtoachieve high-level andsatisfaction customerservice Finalize long-termfinancialplan, plan capital buildingplanandtechnology increase individualpotential. programs,Support thoseinthearts, particularly science, andmusic thatinspire/engage studentsand Enhance dualimmersion, gifted, preschool andextended-day programs kindergarten Explore methodstomeasure studentinterest andengagementwithintheteacherevaluation process andeducationalfieldtrips participation Provide avarietyofauthentic(experiential)learningactivities, grantsthatsupport i.e., sciencefair 7:

EstablishDistrict-wideEducationalPerformance Standards toEnsure BasicFloor ofOpportunity

Improve General DistrictOperations

Provide for Continuous Improvement inCurrent Proven Programs Encourage Programs and Activities thatEncourage Authentic LearningExperiencesandCritical rd gradereading commitmentby providing thetoolsandresources toensure each3 FY 2012 rd grade 37

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Organizational Section Organizational Section 20/20 Implementation FY 2012Goalsby Department: 38 Imperative 1 Organizational Section

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Organizational Section 39 20/20 Implementation FY 2012Goalsby Department: STS BUS BU CUR SUP Student Services Transportation Business Curriculum Superintendent Departmental CodeKey:Departmental PHS HR SP T1 CTE Provo High Human Resources Special Programs Title I Career/Tech Ed Imperatives 2-3 DMS PKS THS Dixon Middle Provo Peaks Timpview High Organizational Section

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Organizational Section 40 20/20 Implementation FY 2012Goalsby Department: STS BUS BU CUR SUP Student Services Transportation Business Curriculum Superintendent Departmental CodeKey:Departmental PHS HR SP T1 CTE Provo High Human Resources Special Programs Title I Career/Tech Ed Imperative 4 DMS PKS THS Dixon Middle Provo Peaks Timpview High Organizational Section

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Organizational Section 41 20/20 Implementation FY 2012Goalsby Department: Imperative 4Continued Organizational Section

Organizational Section Organizational Section 20/20 Implementation FY 2012Goalsby Department: STS BUS BU CUR SUP Student Services Transportation Business Curriculum Superintendent Departmental CodeKey:Departmental PHS HR SP T1 CTE Provo High Human Resources Special Programs Title I Career/Tech Ed Imperatives 4(cont’d) -5 DMS PKS THS Dixon Middle Provo Peaks Timpview High 42

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Organizational Section Organizational Section 43 20/20 Implementation FY 2012Goalsby Department: Imperatives 6-7 Organizational Section 43

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Organizational Section 44 District administrators, andaprompt response isguaranteed. Have feedback? page. District’s onlineschool, eSchool, ispresented onthenext under 20/20imperative #3. More information regarding the development ofahigh-quality onlineschool, whichfallsmainly largest componentsofDistrict’s thelong-rangeplanis and non-financial goals andobjectives. Oneofthe The Long-range 20/20 Planincludesfinancial performance measures andschools. for all departments management. ThePlanwillalsoincludespecific, targeted from stakeholders, andincrease thefidelityoflong-termDistrict ofProvo,education tothechildren buildconfidence inseekinginput current long-termgoals, whichare to As mentionedpreviously, the20/20Planwillsupplement graphic illustratinghow theDistrict’s goals are connected. hopes toaccomplishcanseemconfusing. Below isasimple goals,department etc., determiningwhattheDistrictactually With amissionstatement, long-termgoals, goals, short-term Connecting the Mission velop responsible, respectful, andcompassionatecitizenship We willaccomplishourmissionthrough connectingwiththecommunity.”eel respected andloved inasafe andorderly environment velop depthofcontentknowledge • • • • • enlarge theircapacities, interests, andlove oflearning. They: “Provo Cityschoolsmaximizestudentachievement anddevelopment. Studentsinourschools

Excel intheirinter De Master thebasics(thef De F Statement Pleasesendanemailto Short Short and Long Terms ests oundation ofliteracyandnumeracy) provide ahigh-quality [email protected]. This email accountischecked daily by Shor 20/20 StrategicPla t-term Goals(initiati Depart Mission Statement Individual Goal ment Goals Organizational Section s n ve s) 44

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Organizational Section 45 a criticalfocus inFY12andbeyond. eSchool isastrategicinitiative ofthe20/20Planandis students willbenon-Provo residents. The Districtanticipatesbetween 5%-15%ofeSchool outside ofProvo are expected to enroll ineSchool. not offered anywehere elseintheState, studentsfrom Utah, andexclusive andlangaugecourses technology Because eSchoolhasthelargestcoursecatalogin requirements. take onlinecoursesfrom any provider thatmeetsState enacted July 1, 2011provides away for studentsto is targetingProvo studentsprimarily, anew statelaw expected tocomefrom eSchool. While theDistrict is eSchool. MuchoftheDistrict’s future growth is of themostexcitingprograms offered by theDistrict more educationchoicesfor parents andstudents. One Provo CitySchoolDistrictiscommittedtooffering Innovation: eSchool Partner Providers:eSchool Partner eSchool “Choice isgood” • • include: Some features ofeSchool with choiceandflexibility. Provo andUtahstudents Initiative, eSchoolprovides School District’s 20/20 A strategicactionofProvo eSchool At-a-Glance: • • • • •

school programs computer labsandafter Access toDistrict over 400asofJuly 2011 courses inUtah, with The mostonline anywhere inUtah platform unmatched delivered on avirtual language courses to provide innovative College Middlebury with PowerSpeak and An exclusive agreement in Utah offered anywhere else coursesnot technology which offers grade9-12 creates Utah Tech High, Hi-Tech Highthat A jointventure with activities extra-curricular Full accesstoDistrict guidance counselors Full accesstoDistrict some classesonline ability totake allor Dual enrollment: the Organizational Section

Organizational Section Organizational Section 2011-12 School Year Voter Precincts http://provo.edu/boe/pdf/boardmap.pdf District 7: Mary Ann Christiansen District 6: KristineManwaring District 5: Darryl Alder District 4: ShannonPoulsen District 3: Richard Sheffield District 2: MichelleKaufusi District 1: Steven Staples Center Street 5

6 University Parkway University 15 7

1 University Avenue University 2 3 4 46

Organizational Section Organizational Section 47 2011-12 School Year Provo City: Provo SchoolBoundaries SchoolDistrictElementary Lake Utah Orem (AlpineSchoolDistrict) Springville (NeboSchool District) Earhart Amelia

Lakeview University Parkway University N Westridge View Sunset 15 Timpanogos

Franklin University Avenue University Edgemont Peaks Provo Canyon Rock Creek Spring Wasatch Crest Canyon Provost Mountains Wasatch Organizational Section

Organizational Section Organizational Section also handledby StudentServices. discipline, schoolchoice, and theFoundation are Student safety, gangprevention, drugprevention, students tostay inschool. unresolved needs, andproviding for opportunities the needsoffamilies, assistingstudentswith by providing toschools, support helpingtomeet education andpromotes educationalexcellence providesStudent Services equalaccessto other programs. workers, attendanceofficers, safe schools, and the districtincludingpolice, nurses, social throughoutis responsible services for support tostudentsandfamilies.support StudentServices istoprovideThe missionofStudentServices Student Services other criticalareas oflearning. directedenergy tomathematics, science, and enhancement for allstudentswithadditional students ofallabilities. Their key focus isliteracy learners, for andenrichedlearningopportunities performance data, for at-risk tutoringservices and experiencedteachers, analysis ofstudent targeted toinstructionalimprovement for new students andteachers, professional development federal resources provide teachingmaterialsfor for theirsuccessfulfutures. Local, state, and to gainacademicskillsandknowledge necessary administrators, andparents inenablingstudents City SchoolDistrictprovides toteachers, support The Curriculum andLearningOfficeofProvo Department Learning Curriculum and Assessment that operateintheDistrict: following isabriefdescriptionofthedepartments District’s overall goals andobjectives. The is responsible for specificcomponentsofthe overall missionoftheDistrict. Eachdepartment mission, goals andobjectives, the eachsupports mighthaveWhile eachdepartment itsown The Districtisdividedintoseveral departments. District Departments Transportation involvement withparents. time experienceandourcommunication and improving ourprograms, thechildren’s meal nutritious mealtoevery student, continually iscommittedtoprovidingDepartment asafe, business services. The ChildNutrition (ChildNutrition)fallsunder Food Service Food Service operation oftheDistrict. policy related tothesuccessful personnel agreements andthelaw, and develop andenforce benefits toemployees according tonegotiated employees, distributethe agreed uponwagesand information onallpastandpresentpertinent government, maintainpersonnel records and licensing standards setby thestateandfederal working intheDistrictmeetacademicand to Districtgoals, ensure thatemployees staff thatareteachers andsupport committed responsibility tofind, recruit and retain qualified The Personnel isgiven Department the Personnel environmentally- and friendly building. pleasant a in better learn department’s main goal. It is believed that students Safe, clean, well-lit and comfortable buildings is the the buildings and on in the school grounds environmentin the District. learning pleasant and safe a providing by learning facilitate helps Maintenance Maintenance department. eventsspecific transportation are handled by this the road. Questionsregarding busroutes or follow Districtprocedures andtherulesof is expectedtobecomefamiliarwithandclosely positive environment. Eachdriver andassistant children toandfrom schoolinasafe, efficientand The Transportation transports Department

48

Organizational Section Organizational Section 49 District Departments: into theevolving workforce ofthe21stcentury. technical andemployment skillsvitalfor entry equip him/herwiththeacademicknowledge, in theirmiddle andhighschoolyears thatwill toexploreopportunity avarietyofcareer areas CTE classesprovide every studentwiththe education institutionfor advancedpreparation. employment and/orentranceintoahigher skills, occupationalskillsandmeaningful certified based instructionsculminatinginessentiallife Occupation Plan(SEOP), through competency- education system, driven by aStudentEducation (CTE) istoprovide allstudentsaseamless The missionofCareer and Technology Education Career and Technology Education • • of theseprograms includes: I-A, SpecialEducationand Technology. The focus Special Programs consists ofthree programs: Title Special Programs and handlingpayroll dutiesfor theDistrict. allocating full-timeequivalents(FTEs)toschools The Personnel

disabilities. individual studentgoals ofstudentswith theachievementmaterials thatsupport of hardware, software, andotherclassroom including adaptive devices, networks, classroom-based materialsandresources and studentswithgreater access to Providing providers specialeducation service children andtheirmore advantaged peers. minority students, andbetween disadvantaged achievement gaps between minorityandnon- and low-performing children, especially the Closing theachievement gap between high epartment isalsoinchargeof Department Continued finance/budgeting, accounts payable, accounts payable, receivable, andthewarehouse. food services accounts finance/budgeting, accounting, include Department Business the components of Key entities. other and education, of legislature, office state the for reports financial with the District’s external auditors, and completes for accurately. it coordinatesIt annual audit the financial reporting responsible and information is financial facilitating Department Business The Business/Finance Administration •

instruction, andassessment. effectivelyintegrate technology intocurricula, and buildingthecapacity ofteachersto effective intheclassroom, useoftechnology literacy,including technology through the improving studentacademicachievement, Developing long-termstrategiesfor Organizational Section

Organizational Section Organizational Section Organizational accomplished usingcross-functional teams. tonotethatmanyIt isimportant Districtprojects are objectives. communication inorder tobetteraccomplishourgoals and Additionally, isusedtocreate thechart clearchannelsof with thecitizensofProvo andstudentsoftheDistrict. meant tobeatoolhelpenhanceourworking relationship is distributedwithinProvo CitySchoolDistrict. Itisalso isavisualdepiction ofthewayThis organizationalchart work Administrator Food Services Kerry Smith Accounting Marketing Warehouse Purchasing Analytics Business Budgets/ Superintendent of Curriculum Ray Morgan Development Math/ Science Career/Tech Chart Numeracy Education Literacy/ Asst. Staff Title I Special Programs Director of Ted Kelly and Tech. Tech Support Information Special Ed Network Systems Randall J. Merrill, Ed.D. Board ofEducation Superintendent of (7 members) Bob Gentry Director of and Negotiations Personnel Schools Labor Relations Compensation Payroll and Benefits Staffing Student Services Greg Hudnall Director of Federal Grants Preparations Emergency After School Discipline Youth-in- Student Programs Adult Ed eSchool Joe Gledhill Director of Facilities Maintenance Custodial Construction Management Compliance Regulatory Life/Fire Projects Energy Safety Capital Transportation Phil Lott Student Elementary Schools Middle Schools Amelia Earhart Independence High Schools Canyon Crest Rock Canyon Spring Creek Timpanogos Sunset View Centennial Edgemont Westridge Timpview Lakeview Wasatch Franklin Provost Farrer Provo Dixon K-12 Schools 50

Organizational Section Organizational Section FY 2005to2011(proposed) Staffing Levels to recent years. substantially down whencompared FTE levels inFY2012 willstillbe totheright,As indicatedinthechart web designdepartments. and up holesinthetransportation Other increases are meantto shore exceed Statereading mandates. coaches willbehired tomeetand by vendors), andsixnew literacy FTEs (teachersare contracted which initially willmeantwo new District islaunchingeSchool, increase by 12inFY2012. The Staffing levels are proposed to 1 p Instruction Function Students Services Support Food Services InstructionalStaff Total full-timeequivalentpositions: Community Services General Administration School Administration BusinessandCentral Transportation OperationandMaintenance 51 Other Support OtherSupport Some maintenanceandtechemployees reclassified toOther Support Proposed by Function FY 2005

1,422 9 50 58 40 65 75 22 39 85 981 1,300 1,400 1,500 1,600 1,700 1,800 1,900 FY 2006

1,117 1,772 59 83 36 24 79 24 47 186 119 FY FY 2005 1,424 1,424 FY 2007

FY FY 2006 1,141 1,822 54 91 33 24 80 25 50 173 152 1,774 1,774 FY FY 2007 FY 2008 1,148 1,789 52 90 38 20 74 22 11 60 135 139 1,823 1,823 FY 2008 FY FY 2009 FY 2008 FY 2009 1,000 1,634 1 52 92 40 16 74 20 44 146 148 1,789 1,789 FY 2010 1,564 1 51 82 41 15 70 26 46 1,633 1,633 984 100 148 FY 2010 FY 2011 FY FY 2012p FY 2011 FY 2010 FY 2011 1,564 1,564 Organizational Section 977 1,519 49 92 93 31 16 70 27 95 44 25 1,519 1,519 1 FY 2012 1,531 1,531 1,531 984 26 50 92 93 32 17 70 26 95 46 p

Organizational Section Organizational Section Organizational Section t h sho-ee, nldn sot, lb, and clubs, instruction-related programs. sports, including school-level, the at activities for accounts fund revenue special This Student Activities Fund term debtprincipalandinterest. resourcesof for, paymentthe and of, long- general accumulation the for account to used is fund This Fund(MajorFund) Debt Service equipment. and resources payments for the for acquisition of capital facilities and account to used is fund This Capital Projects Fund(MajorFund) may have only onegeneralfund. fund.another in for be accounted law,By to District the required those except district school the of resources financial all for account to used is It This fund is the chief operating fund of the District. General Fund(MajorFund) T District Funds: of eachfund: largest.the is fund Followingdescription brief a is activity. The General Operating (or just “General”) of type specific a for account to used is fund Each by Generally Accepted Accounting Standards. established as guidelines fund the follows District balance.The equity/residual and liabilities,assets, other and cash with resources, each financial and Essentially, it is a segregation of accounting of segregation a Essentially,is it funds. seven into A fund is divided a fiscal and is accounting entry. budget District’s he Description Note: allfundsare appropriated for useinFY2012. capital outlay costs. meet to funds accumulate to Utah used be lawto state by authorized is fund reserve special This Fund Building Reserve food school services. to related expenses and revenues for account to used fund governmental a is This Food Fund Service examples ofprograms are thatoperateinthisfund. recreation and pre-school education, Adult operations.regular, K-12 to related not activities for account to used is fund revenue special This Non K-12Fund Student ActivitiesFund Building Reserve Fund Capital Projects Fund Non-major Funds Food Fund Services Debt Service Fund Debt Service Non K-12 Fund Major Funds General Fund 52

Organizational Section Organizational Section 53 1 Building Reserve Funds Building Reserve departments andDistrictfundsintermsofbudgetedexpenditures.departments accounting guidelinesandstatemandates. Below isatableillustratingtherelationship between District The decisiontoaccountfor specificexpenditures by variousfundsused by theDistrictdependsupon Relationship Between Funds Non-major fundsappropriated for useby theDistrict: Student Activity, NonK-12, Food Service, and Technology Facilities Business/Finance Human Resources Student Services Transportation Food Service Special EducationServices Career and Technical Education Learning Curriculum and Assessment Superintendent/Board Department General and DistrictDepartments Capital Projects Funds Debt Service Non-major Organizational Section 1

Organizational Section Organizational Section Expenditure Functions: District. a the is by used functions expenditure the Below of description made. is expenditure an or service acquired a is which for activity the describes function equipment, andpurchased services. staff salariesandbenefits, suppliesandmaterials, function includeschoolmediacenterandcurriculum media andcurriculum. Costsassociatedwiththis programs intheDistrict. Itincludes areas suchas directing, managing, instructional andsupervising This functionencompassesactivitiesrelated to Services Instructional Support required tocover theseactivities. function, asare supplies, services, andequipment personnelareeducation support covered by this this function. and Salariesandbenefitsofcertified provide are healthandnursing includedin services tomanageand The costsnecessary school attendanceandcounseling. related topromoting andimproving This functioncovers thoseactivities Services Student Support are examplesofinstructionalcosts. supplies intendedfor theclassroom benefits, substituteteachercostsand instructional. Teachers salariesand of studentsthey are labeledas can beclearly anddirectly tracedtoinstruction with theinstructionofstudents. Ifexpenditures This functionincludesthoseactivitiesdealingdirectly Instruction O is to identify expenditures by functions. A functions. by expenditures identify to is public’smoney the spends District the how understand to ways useful most the of ne An Explanation made.” or anexpenditures is isacquired a service the activityfor which “A functiondescribes

information technology. human resources, planning, andadministrative toward directing, managing, aschool. andsupervising This functioncovers thoseexpenditures thatgo School Services Administration Support District-widemanagement. tosupport necessary and benefits, andsupplies, andequipment services District-level directorships. Costsincludesalaries Board ofEducation, theSuperintendent, andother overall administrationoftheDistrict. Itincludesthe This functioncovers thecostsassociatedwith General Services Administration Support warehousing food toschools. andtransporting equipment, thepurchase offood andsupplies, and food,and serving operatingandmaintainingkitchen directing andmanagingfood services, preparing with providing meals andsnackstochildren. Itincludes This functionencompassestheactivitiesassociated School Food Services Central Support Services Central Support functions, includingfiscalservices, administrative andinstructional other activities thatsupport those This functionsupports included inthisfunction. that assistthesepositionsare also equipment andprofessional services and clericalpositions. Supplies, Examples includetheprincipal 54

Organizational Section Organizational Section 55 included inthisfunction. these positionsare also associatedwith services Supplies, equipmentand personnel.technology andinformation technology salaries andbenefitsof District-wide level, including positionsatthe support This functioncovers essential Services Other Support equipment. salaries, benefits, supplies, and field trips, andassociated children toschoolandon routes usedtotransport for regularservices bus management andoperation the costsofproviding This functioncovers Student Transportation Services function. and equipmentare typicalcostsassociatedwiththis position salariesandbenefits, alongwithsupplies buildings andgrounds. Custodialandmaintenance with themaintenanceandoperationofphysical This functioncovers costsandactivitiesassociated Operation andMaintenanceServices Expenditure Functions: Continued

Recreation Services required by thosepositions. members, andtheassociatedsuppliesmaterials partners. Costsincludesalariesandbenefitsofstaff adult education, pre-school, andcommunity agency outside ofregular, K-12education. Examplesinclude This functioncovers typically community services Community Services buildings. andtherental ofschool services coordination ofcommunity recreation associated withthemanagementand This functioncovers thoseactivities interest, andpaying agentcostsandfees. This functioncovers bond, principal, Debt Service construction. contract costsassociatedwithbond function. Also includedare materialand salaries andbenefits, are includedinthis improvement costs, includingmaterials, construction ofbuildings. Capital with theacquisition, remodel, and This functionincludescostsassociated Facilities andConstruction Organizational Section

Organizational Section Financial Section

56 Financial Section Financial Section

“Provo City School District is one of the best financially-run districts in the State.”

-Curt Bramble Utah State Senate

H SC OOL ITY D C IS O T R V KNOWLEDGE I O IS C POWER R T

P

1 8 9 8 FinancialSection

57 Financial Section Financial Section Financial Section

Major Revenue Sources

The District’s revenues can be broadly classified as coming from three sources: local, state, and federal. The largest revenue source is the State of Utah, followed by local revenue, which includes property taxes, and federal revenue, made up of several grants of various sizes.

70,000,000

60,000,000

50,000,000

40,000,000

30,000,000

20,000,000

10,000,000

- ACTUAL FY ACTUAL FY ACTUAL FY FINAL ORIGINAL 2008 2009 2010 BUDGET FY BUDGET FY 2011 2012

Local Sources State Sources Federal Sources

58 Financial Section Revenue Projection Assumptions FY 2011 Financial Section he District is always as conservative as possible These cuts began mid-year in FY 2009, and revenue when estimating revenues. Accordingly, several continued to decrease in FY 2010 and FY 2011. FY 2012 Tassumptions were made when projecting revenues from state sources are budgeted to be slightly revenue for FY 2012. For example, in the past the up, but this is due to the growth in the District’s eSchool District assumed federal revenue would be flat or program. When eSchool is accounted for, revenues from slightly decreased for each state sources are projected to be down in coming year. However, FY 2012. unprecedented economic “The District always sets its conditions meant a goals and objectives before As a general rule, the District relies on dramatic increase in property values or rates are the following assumptions when projecting federal funding for the known.” near-term future revenue: District, in the form of stimulus funds, in FY 2010 • Flat “brick and mortar” student and FY 2011. Most of this money was “one-time,” or enrollment (student enrollment is by far the largest non-recurring. The result is a decrease of more than determinant of funding) $4.5 million in federal funds for FY 2012. The District • Moderate to heavy increases in online eSchool never budgeted or spent the money on ongoing enrollment (online school enrollment is funded projects or costs to ensure that a hole in services differently by the State than traditional programs in wouldn’t be left after the funding ran out. many cases) • Slight decreases in state revenue for FY 2012 after The District also projects decreases in the assessed accounting for eSchool property valuations in Provo City based on the housing • Heavy decreases in federal revenue as ARRA funding crisis that has hit most of the U.S. New growth has runs out also stagnated, so the District projects an overall • Likely heavy decreases to multiple federally-funded decrease to the tax base for FY 2012, which means a programs as a result of the U.S. debt crisis higher tax rate is required to generate the same level • Increasing “at-risk” student population, which of funding that was generated in FY 2011. helps drive federal revenue and could offset any enrollment decreases Interest rates continued to plummet in FY 2011, so • Interest rates climbing very slowly less money was available to the District from this • Decreasing property values due to a declining source. District analysts are projecting flat or very housing market, which affects property tax rates and slight interest rate increases for FY 2012. receipts

State revenue had shown strong growth in years leading up to the recession, as a robust state economy Student Enrollment along with a supportive legislature, fueled heavy education funding increases. However, the recession State Revenue that hit much of the world economy also hit Utah, meaning substantial cuts to state revenue. Federal Revenue Property Values

Interest Rates

"At-risk" students

Financial Section 59 Financial Section 60 T Major Revenue Sources: StateofUtah not anactualincrease inStatefunding. consolidation ofseveral programs intothe WPU - 2010. However, thereason for theincrease isthe $2,816 inFY2011, whichisupfrom $2,577inFY of days inattendanceperstudent. The WPU is student enrollment basedonapro-rated amount of theMinimum SchoolProgram, isameasure of is theMinimum SchoolProgram (MSP), whichacts programs. The largestcomponentofstatefunding State revenue isdividedamongapproximately 50 received over $59millionfrom statesources. down substantially from FY2008, whentheDistrict million budgetedfor FY2012. However, thisis of theschooldistrict, withrevenues of$53 he StateofUtahisthelargestrevenue source $1,000 $1,500 $2,000 $2,500 $3,000 $500 $0 Unit (WPU), part The Weighted Pupil educational services. locallevelsupport by theStateto programs) provided block grants(or as aseriesoflarge future enrollment levels. the analysis for future revenues involves predicting a result ofenrollment-driven WPU figures, mostof Because somuch oftheDistrict’s fundingcomesas (Source: UtahStateOfficeofEducation). for allpublicschoolchildrenopportunities’ inUtah the Stateprovides ‘reasonably equaleducational distribute revenues. Through thismechanism, a mechanismtoderive totalprogram costand schooltofollowschool districtorcharter but not aplanofexpenditure, orbudget, for the schools.districts andcharter The WPU is equally distributestaterevenue amongschool The WPU wasdeveloped asamechanismto $40 million, comesdirectly from WPU figures. Approximately 76%ofrevenue from theState, or Financial Section 2,816

Financial Section Major Revenue Sources: State of Utah Weighted Pupil Unit (WPU) Financial Section

Year WPU Amount Change % Change

1975-76 $621 $ ----- 1976-77 683 62 9.98% 1977-78 732 49 7.17% 1978-79 795 63 8.61% 1979-80 852 57 7.17% 1980-81 946 94 11.03% 1981-82 1,003 57 6.03% 1982-83 1,103 100 9.97% 1983-84 1,103 0 0.00% 1984-85 1,124 21 1.90% 1985-86 1,180 56 4.98% 1986-87 1,204 24 2.03% 1987-88 1,204 0 0.00% 1988-89 1,204 0 0.00% 1989-90 1,240 36 2.99% 1990-91 1,346 106 8.55% 1991-92 1,408 62 4.61% 1992-93 1,490 82 5.82% 1993-94 1,539 49 3.29% 1994-95 1,608 69 4.48% 1995-96 1,672 64 3.98% 1996-97 1,739 67 4.01% 1997-98 1,791 52 2.99% 1998-99 1,854 63 3.52% 1999-00 1,901 47 2.54% 2000-01 2,006 105 5.52% 2001-02 2,116 110 5.48% 2002-03 2,132 16 0.76% 2003-04 2,150 18 0.84% 2004-05 2,182 32 1.49% 2005-06 2,280 98 4.49% 2006-07 2,417 137 6.01% 2007-08 2,514 97 4.01% Note: The substantial increase to the WPU is due to the 2008-09 2,577 63 2.51% consolidation of state programs into the WPU, which 2009-10 2,577 0 0% makes an increase apparent. In reality, revenue from state 2010-11 2,577 0 0% sources is down in FY 2012. 2011-12 2,816 239 9.27%

Financial Section 61 Financial Section 62 million from statesources for thisprogram inFY2012. the Districtmust alsolevy localproperty taxes tohelppay for thisprogram. The Districtanticipatesreceiving $2.2 The Districtalsoreceives money through the WPU tofacilitateClass-size Reduction related fundingsources andisdesignedtocover administrative overhead costs. Description ofLarge StatePrograms: Weighted PupilUnit(WPU) Major Revenue Sources: StateofUtah The Districtalsoanticipatesreceiving $2.7milliontopay for 2012. approximately $2.1millioninFY to qualify, andexpectstoreceive state withlocalrevenue inorder funding received through the District must substantially match students intheDistrict. The for secondary opportunities provide vocational trainingand state program designedto Education isa WPU-related Career and Technical considered disabled. restricted tobeusedonstudents for FY2012. This program is in WPU revenues projected District operates, with$6million largest statefundedprogram the Special Education The Districtusesthisfundingsource topay oftheoverall part costofteachers. million for theDistrictinFY2012. This source isbasedonthe WPU amountandtheDistrict’s levied property taxes. The largestindividualstatefundingsource, referred toas below,chart overall staterevenues have decreased dramatically sincetheall-timehighmarkinFY2008. into the WPU by Statelawmakers togive districtsmore flexibilityduringdifficultfiscaltimes. Asillustratedinthe related stateprograms inFY2012. This isasubstantialincrease over FY2011, asmany programs were consolidated size.varying All combined, the District anticipates receiving $40.2million, or 76% of total state revenues from WPU- Funding resulting through the Weighted PupilUnit(WPU)iscomprisedofseveral individualstateprograms of isthesecond- 48,000,000 50,000,000 52,000,000 54,000,000 56,000,000 58,000,000 60,000,000 WPU Sources ACTUALFY 59,138,786 59,138,786 2008 “Regular SchoolPrograms,” isprojected tobe$27.1 “Professional Staff. ACTUALFY 57,520,714 57,520,714 2009 ACTUALFY 53,877,288 53,877,288 2010 ” This istiedtotheother WPU- . Along withstatemoney, FINALBUDGET 52,420,172 52,420,172 FY FY 2011 Financial Section BUDGET FY ORIGINAL 53,004,984 53,004,984 2012

Financial Section Major Revenue Sources Continued: State of Utah Financial Section

Youth-in-Custody, which is a state-mandated program the District runs based on incarcerated Program % of Total school-age children in the District’s boundaries, Regular School Programs 45% generates approximately $1.2 million for the Special Education 11% District. Even if students are not originally from Social Security and Retirement 9% Provo, if they’re incarcerated in the city the Professional Staff 5% District is required to educate them. Career and Technical Ed 4% Class-size Reduction 4% Youth-in-Custody 2% Other State (approx. 40 additional) 20%

Distribution of State Revenues: By Source FY 2012

Other State Programs 22% Youth-in-Custody 2%

Regular Programs Professional Staff 51% 5%

Class-size Reduction 4% Special Ed CTE 12% 4%

Financial Section 63 Financial Section 64 T Property Tax Major Revenue Sources: Local more revenue. property values. andnotanattempttogenerate be .007153. The rateincrease isduetodeclining For FY2012. theoverall taxrateisproposed to the largestcomponentoflocalrevenues at80%. second largestfundingsource, and Property taxes are theDistrict’s set by law. other rateswithmaximum levies and individualschooldistrictsset rate issetby theStateofUtah, tax rates. The BasicProgram tax from UtahCounty, andfrom thatisabletoset Basic Program (53A-17a-135) Property Taxes by Levy -FY2011to2012 Voted Leeway (53A-17a-133) Board Leeway (53A-17a-134)(Class SizeReduction) Board Leeway (53A-17a-151)(Reading Program) Transportation (53A-17a-127) Tort Liability(63-30-27) 10% ofBasic(53A-17a-145)Operating Recreation (11-2-7) Gen ObligDebt(11-14-19/53A-17a-145/53A-21-103) 10% ofBasic(53A-17a-145)Capital Capital Outlay Foundation (53A-21-101thru105) TOTALS - ALL FUNDS the Districtreceives taxrate acertified operating fundsfor theDistrict. Eachyear, he District levies property taxes to provide funding source.” District’s secondlargest “Property taxes are the section ofthisbook. by theDistrictcanbefound intheInformational More information onproperty taxes received – from theUniform SchoolFund–isrequired. Levy revenue collected, thelessstatefunding of providing educationalservices. The more Basic contribute theproceeds ofthatlevy tothecost assessed valuesare known. year are determinedbefore finalproperty The District’s goals andobjectives for thecoming FY 2011 0.001495 0.001340 0.000392 0.000121 0.000463 0.000132 0.001317 0.000464 0.000982 0.006706 - - FY 2012 0.001591 0.001434 0.000400 0.000121 0.000100 0.000080 0.000602 0.000600 0.001399 0.000576 0.000250 0.007153 Basic property taxlevy and must imposeaminimum may levy. Eachdistrict that alocalschoolboard from 13different taxes funding consistsofrevenue The majorityoflocal Change (0.000732) 0.000096 0.000094 0.000008 0.000100 0.000080 0.000139 0.000468 0.000082 0.000112 0.000447 Financial Section -

Financial Section Major Revenue Sources: Local Other Local Revenue

District management has placed a strong emphasis In the summary budgets, other local revenues are Financial Section on sound cash management. Among other things, often combined with property taxes. These other this means as grant expenditures are made, local revenues include earnings from investments reimbursement from the federal government or (interest earned), and income from students, such awarding agency is requested as soon as possible, as school lunches. Interest earned is projected to with monthly reimbursement requests typical. increase slightly in FY 2012 when compared to FY However, historically low rates will continue to 2011, but the amount will still be dramtically lower adversely impact the District’s interest income in than the District received in recent years when 2012, meaning less flexibility and difficulty launching rates were much higher. innovative programs. The District’s investment activities are governed by The graph below shows the rates of return and the Utah State Money Management Act, which limits the District’s actual interest income (or budgeted the types of investments the District can participate amounts for FY 11 and FY 12) for the past several in. The District invests mainly in what’s referred to years. Rates have declined rapidly over the past as the Utah Public Treasurer’s Investment Fund (PTIF year, which means the District receives substantially – often referred to as “the Pool”), which provides less interest income from its investments. Interest security, stability and competitive returns. The income is typically not restricted for specific use, so “Pool” is diversified, with no more than 5% of assets declining rates mean less money that goes into the invested with a single issuer. classroom for general purposes, such as teacher pay, instructional assistants, and supplies.

2,500,000 6.00

5.00 2,000,000

4.00 1,500,000 3.00 1,000,000 2.00

500,000 1.00

- - FY FY FY FY FY FY FY FY FY 2004 2005 2006 2007 2008 2009 2010 2011b 2012p

Interest Income Rate

bBudgeted; pProjected

Financial Section 65 Financial Section 66 T Major Revenue Sources: mission, goals andobjectives are allgeared toward theaimofnochildbeingleftbehindinProvo. freedom for statesandcommunities, proven educationmethods, andmore choicesfor parents.” The District’s ofEducation,to theDepartment “No ChildLeftBehindisbasedonstronger accountabilityfor results, more Much ofthefederal fundingavailable totheDistrictfallsunderNoChildLeftBehind Act of2001. According receives. all thefederal grantstheDistrict programs make uproughly 80%of lunch program. These five Learning Centersandtheschool Quality, Community 21stCentury IDEA, Title I, Improving Teacher operates withfederal fundingare The largestprograms theDistrict $13.9 millioninfederal revenue. District willreceive justover 2012, it’s anticipatedthatthe programs intheDistrict. For FY 10,000,000 12,000,000 14,000,000 16,000,000 18,000,000 20,000,000 2,000,000 4,000,000 6,000,000 8,000,000 Federal Revenue: through tospecific support provides direct andflow- he federal government - ACTUALFY 11,556,049 11,556,049 2008 ACTUALFY 17,170,415 17,170,415 2009 FY 2008to2012(projected) ACTUALFY Federal 18,258,540 18,258,540 2010 FINALBUDGET 18,541,472 18,541,472 FY FY 2011 BUDGET FY ORIGINAL 13,932,451 13,932,451 2012 Financial Section

Financial Section Major Revenue Sources: Federal Financial Section

Largest Federal Funding Sources IDEA In terms of funding amount, this grant is similar The following five programs make up approximately in size to Title I. It too is part of No Child Left 80% of all District federal grants for FY 2012. The Behind. It is designed to help disabled individuals remainder of federal revenue is made up of a number receive improved opportunities for success, with a of smaller grants. Most federal grants, large and substantial focus on technology to meet this goal. small, are first awarded to the Utah State Office The District anticipates receiving nearly $2.7 million of Education, which then awards districts based on from this grant in FY 2012. enrollment, demographics, and demonstrated need. Improving Teacher Quality Federal Food Programs This grant is designed to help improve the quality of The District is expected to receive over $3.4 education in the classroom. Part of No Child Left million in FY 2012 to assist with providing quality, Behind, the objectives of this grant are nutritious meals to children carried out by increasing the number most in need. The funding is “Most federal grants of teachers who are considered to determined by the amount are first awarded to be “highly-qualified,” and by holding of meals served to students, the Utah State Office districts accountable for academic multiplied by a reimbursement of Education, which achievement. The District is projected amount that is predetermined to receive over $745,000 from this by the federal government. then awards districts grant in FY 2012. The District has seen steady based on enrollment, growth in the amount of free demographics, and 21st Century Community and reduced price lunch waivers demonstrated need.” Learning Centers from students in recent years, This grant, also part of No Child Left resulting in increases to federal Behind, is actually several smaller revenues. In the Food Services program, the District grants that are awarded to the District to help it receives more revenue from federal sources than provide quality instruction outside of regular school local sources. hours. The awarding of 21st Century grants is very competitive. Much of the funding is determined Title I by the number of low-income students enrolled. This grant, part of No Child Left Behind, is funded Schools without substantial low-income enrollments by the government to help ensure that all children typically aren’t considered for these grants. All receive fair and equal opportunities to obtain a high- combined, the District anticipates receiving quality education. $930,000 in 21st Century grants for FY 2012.

The funding of this grant is contingent upon the number of low-income students in the District. The Have feedback? Please send an email to District is projected to receive approximately $3.4 [email protected]. This email account is checked million in Title I funding in FY 2012. daily by District administrators, and a prompt response is guaranteed.

Financial Section 67 Financial Section 68 back” intheform ofstatecuts. no new fundsfor theDistrict. In2010, halfofthe$2.6millionreceived by theDistrictwas “taken stabilization funds. However, revenue from statesources wasdecreased by thesameamount, meaning decreased by thesameamount. For example, inFY2009, theDistrictreceived $4.5millionin ARRA Money received as “stabilization funds”results innonetincrease inrevenue becausestaterevenue was distribution: budgets. ARRA fundsare considered non-recurring. The tablebelow shows theDistrict’s ARRA for specificuse(e.g. TitleI), whilesomefundsare available for theDistricttousestabilizegeneral FY 2012. ARRA fundscometotheDistrictthrough four programs. Someofthefundsare restricted The Districtreceived more than$12millionin ARRA funds, beginninginlateFY2009andending competitive grants. (ARRA). Underthe Act, Utahwillreceive upto$1.6billioninformula fundingandeven more through 2009,In February thefederal government passedthe American RecoveryandReinvestment Act Federal Sources - American RecoveryandReinvestment Act (ARRA) Major Revenue Sources: PreK IDEA Title I Stabilization/General Program 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 - 4,567,169 - - - 2009 Stabilization/General 2009 64,570 1,398,194 1,198,579 2,650,142 Federal 0021 2012 2011 2010 2010 Title I Title 37,008 1,252,186 746,364 - IDEA 2011 PreK 150,000 - - - 2012 Total 2,800,380 1,944,943 7,217,311 101,578 Financial Section Total

Financial Section Financial Section

Financial Schedules and Charts

Including Supplementary Financial Information

140,000,000

120,000,000

100,000,000

80,000,000

60,000,000 Revenues Expenditures 40,000,000

20,000,000

- FY FY FY FY FY FY FY FY 2005 2006 2007 2008 2009 2010 2011b 2012p

Revenue and Expenditure Summary: FY 2005 to FY 2012

Fiscal Year Revenues Expenditures Net FY 2005 88,974,245 88,000,440 973,805 FY 2006 91,066,878 88,723,373 2,343,505 FY 2007 96,831,914 110,249,504 (13,417,590) FY 2008 108,457,783 130,329,831 (21,872,048) FY 2009 115,371,844 111,686,096 3,685,748 FY 2010 112,884,403 108,158,033 4,726,370 FY 2011b 115,210,816 125,326,164 (10,115,348) FY 2012p 108,685,072 111,161,193 (2,476,121)

bFinal Budget pProjected (Original Budget)

Financial Section 69 Financial Section 70 FY 2011to2012 Expenditure Comparisonby Function: Total: Debt Service Facilities andConstruction Recreation Services Community Services School Food Services Services Other Support Student Transportation Services Operation andMaintenanceServices Services Central Support School Admin. Services Support General Admin. Services Support (staff) Services Instructional Support Services Student Support Instruction Function $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 $- FY 2011 125,326,164 2,243,258 5,230,160 1,071,291 1,931,159 6,958,686 3,007,935 5,001,541 1,284,692 1,361,533 3,933,036 6,470,000 15,758,862 $70,315,655 758,356 FY 2012 FY FY 2012 FY 2011 111,161,195 4,857,587 2,320,514 5,298,868 1,073,348 2,164,496 5,786,884 3,080,120 5,090,301 1,426,786 1,430,679 3,708,040 6,467,522 $67,744,403 711,647 All Funds % Change (2) -4% -224% -20% 11% 10% -6% -7% 3% 1% 0% 2% 2% 5% 0% Financial Section

Financial Section FY 2012 Budget Summary: Revenues by Source and Expenditures by Object All Funds Financial Section

Other Capital Revenues by Source General Governmental Debt Service Total Projects Funds Property Taxes $ 19,855,000 $ 2,753,000 $ 6,418,000 $ 3,790,000 $ 32,816,000 Earnings on Investment 300,000 - - - $ 300,000 Other Local Revenue 3,453,617 5,078,020 - 100,000 $ 8,631,637 State Sources 51,281,491 1,723,492 - - $ 53,004,983 Federal Sources 9,857,282 4,075,169 - - $ 13,932,451 Total Revenues: 84,747,390 13,629,681 6,418,000 3,890,000 $ 108,685,071

Other Capital Expenitures by Function General Governmental Debt Service Total Projects Funds Instruction $ 64,403,581 $ 3,340,822 $ - $ - $ 67,744,403 Student Support Services 3,708,040 - - - 3,708,040 Instructional Support Services (staff) 1,430,679 - - - 1,430,679 General Admin. Support Services 1,426,786 - - - 1,426,786 School Admin. Support Services 5,090,301 - - - 5,090,301 Central Support Services 3,080,120 - - - 3,080,120 Operation and Maintenance Services 5,326,884 - - 460,000 5,786,884 Student Transportation Services 2,054,496 - - 110,000 2,164,496 Other Support Services 1,073,348 - - - 1,073,348 School Food Services - 5,298,868 - - 5,298,868 Community Services - 2,320,514 - - 2,320,514 Recreation Services - 711,647 - - 711,647 Facilities and Construction - - - 4,857,587 4,857,587 Debt Service - - 6,467,522 - 6,467,522 Total Expenditures: 87,594,235 11,671,851 6,467,522 5,427,587 111,161,195

Excess (Deficiency) of Revenues Over (2,846,845) 1,957,830 (49,522) (1,537,587) (2,476,124) (Under) Expenditures

Other Financing Sources (Uses) and 20,000 - - - 20,000 Other Items

Net Change in Fund Balance (2,826,845) 1,957,830 (49,522) (1,537,587) (2,456,124)

Figures may vary slightly due to rounding.

Financial Section 71 Financial Section 72 Benefits Salaries Total: vary slightly duetorounding.vary Note: There are noexpenditures budgetedfor Fund, theBuildingReserve soitisnotincludedinthisschedule. Figures may OtherObjects Equipment Supplies OtherPurchased Services Purchased Property Services Purchased/Professional Services Object Total: Purchased/Professional Services Benefits Salaries Object Purchased Property Services Other Purchased Services OtherPurchased Services OtherObjects Equipment Supplies FY 2012 Expenditures: Fund andObject - 48,544 585,902 859,739 307,783 318,720 650,147 6,382,199 3,398,726 $51,847,726 1,720,009 $- 23,486,639 $3,340,822 $87,594,233 713,546 597,875 Student Activities 10,500 General - - 1,250,000 - 38,325 33,217 18,491 188,000 256,828 638,468 178,906 162,562 $1,972,251 79,483 $3,032,161 3,000,000 $653,276 $5,427,587 Capital Projects NonK-12 ------4,106 11,000 97,240 479,974 607,844 435,250 6,467,522 1,862,163 $1,677,786 $- $6,467,522 $5,298,868 Food Services Financial Section Debt Service

Financial Section Summary of Budgets: All Funds FY 2008 to FY 2012 Financial Section

SUMMARY: ALL FUNDS ACTUAL ACTUAL ACTUAL FINAL ORIGINAL FY 2008 FY 2009 FY 2010 BUDGET BUDGET FY 2011 FY 2012

Total Local $ 36,675,195 $ 40,680,715 $ 40,748,575 $ 44,249,172 $ 41,747,637

Total State 59,138,786 57,520,714 53,877,288 52,420,172 53,004,984

Total Federal 11,556,049 17,170,415 18,258,540 18,541,472 13,932,451

TOTAL REVENUES 107,370,030 115,371,844 112,884,403 115,210,816 108,685,072

Salaries 55,407,669 58,491,006 55,816,699 56,473,889 56,261,180

Employee Benefits 23,615,892 21,802,306 21,854,604 24,359,014 25,003,486

Purchased Professional and Tech Svcs 2,847,450 2,406,362 3,198,346 4,081,283 3,997,346

Purchased Property Services 21,619,323 6,491,945 5,154,177 15,659,505 3,658,546

Other Purchased Services 2,062,948 1,715,871 1,422,442 1,646,412 1,529,526

Supplies 10,755,051 8,206,202 9,711,388 10,943,113 10,275,859

Property 4,182,886 5,139,447 3,602,365 3,509,528 2,266,375

Other Objects 7,460,751 7,432,957 7,398,012 8,653,420 8,168,875

TOTAL EXPENDITURES 127,951,970 111,686,096 108,158,033 125,326,164 111,161,193

EXCESS (DEFICIENCY) OF REVENUES (20,581,940) 3,685,748 95,915 (166,055) (108,801) OVER (UNDER) EXPENDITURES

OTHER FINANCING SOURCES (USES) 1,225,296 13,655 1,500 - - AND OTHER ITEMS

NET CHANGE IN NET ASSETS / FUND (19,356,644) 3,699,403 97,415 (166,055) (108,801) BALANCE

NET ASSETS / FUND BALANCE - 41,782,401 24,273,610 37,083,496 37,180,911 37,014,856 BEGINNING (From Prior Year)

Adjustment to Beginning Net Assets/ 1,847,853 9,110,483 - - - Fund Balance (Add Explanation)

NET ASSETS / FUND BALANCE - 24,273,610 37,083,496 37,180,911 37,014,856 36,906,055 ENDING

Figures may vary slightly due to rounding.

Financial Section 73 Financial Section 74 TOTAL EXPENDITURES FUND BALANCE -ENDING FUND BALANCE Detail) Adjustments toBeginningFundBalance(Attach (UNDER) EXPENDITURES EXCESS (DEFICIENCY)OFREVENUESOVER Figures may slightly duetorounding. vary SUMMARY: GENERAL FY 2008to2012 ofBudgets:Summary NET CHANGEINFUNDBALANCE TOTAL REVENUES Year) -BEGINNING (FromFUND BALANCE Prior OTHER ITEMS OTHER FINANCINGSOURCES(USES) AND Total Local Total State Total Federal Salaries Employee Benefits Purchased Professional and Technical Services Other Purchased Services Purchased Property Services Supplies Other Objects Property General Fund (930,092) 295,204 490,451 624,390 401,327 5,652,827 4,733,233 1,225,296 8,173,955 2,259,631 1,042,761 3,841,927 2,301,732 16,505,936 56,943,212 50,205,668 22,009,698 82,553,195 81,623,103 ACTUAL FY 2008 (76,109) 11,564 481,252 889,076 9,425,082 5,652,827 5,146,819 5,135,255 1,914,468 4,275,113 1,436,583 18,096,985 55,099,892 52,741,102 19,899,607 86,696,347 13,499,470 20,224,728 81,561,092 ACTUAL FY 2009 - (203,654) 142,494 214,876 894,769 5,023,757 4,881,263 2,777,596 6,098,827 2,107,222 21,376,900 51,756,518 50,656,427 20,192,228 87,619,554 14,486,136 25,248,485 20,224,728 82,738,291 ACTUAL FY2010 - (59,099) 260,493 319,592 361,958 936,056 1,122,763 3,526,719 6,987,541 1,308,806 23,587,329 50,790,180 51,650,708 22,721,822 88,935,965 14,558,456 25,508,978 25,248,485 88,616,373 BUDGET FY 2011 Financial Section FINAL - (2,826,842) (2,846,842) 9,857,282 3,398,726 6,382,199 23,608,617 51,281,492 22,682,136 25,508,978 87,594,233 84,747,391 51,847,726 23,486,639 20,000 713,546 307,783 859,739 597,875 ORIGINAL BUDGET FY 2012

Financial Section Summary of Budgets: Capital Projects Fund FY 2008 to FY 2012 Financial Section

SUMMARY: CAPITAL ACTUAL FY ACTUAL FY ACTUAL FY FINAL BUDGET ORIGINAL 2008 2009 2010 FY 2011 BUDGET FY 2012

Total Local $ 7,721,930 $ 9,495,755 $ 7,195,204 $ 8,263,740 $ 3,890,000 Total State - - 200,000 - - Total Federal - - - TOTAL REVENUES 7,721,930 9,495,755 7,395,204 8,263,740 3,890,000

Salaries 1,119,213 1,160,676 1,267,179 1,116,287 653,276 Employee Benefits 354,632 391,741 452,080 470,173 256,828 Purchased Professional and 193,875 30,466 67,058 68,000 188,000 Tech Svcs Purchased Property Services 20,586,449 5,478,610 4,580,194 14,954,520 3,000,000 Other Purchased Services 16,786 8,573 10,045 - - Supplies 3,013,995 25,871 - - - Property 1,635,849 3,354,243 1,305,755 1,819,175 1,250,000 Other Objects 178,995 30,073 67,943 79,483

TOTAL EXPENDITURES 27,099,794 10,480,253 7,750,254 18,428,155 5,427,587

EXCESS (DEFICIENCY) OF (19,377,864) (984,498) (355,050) (10,164,415) (1,537,587) REVENUES OVER (UNDER) EXPENDITURES

OTHER FINANCING - (1,940,240) 4,811,899 (2,000,000) - SOURCES (USES) AND OTHER ITEMS

NET CHANGE IN FUND (19,377,864) (2,924,738) 4,456,849 (12,164,415) (1,537,587) BALANCE

FUND BALANCE - 32,247,424 12,869,560 9,944,822 14,401,671 2,237,256 BEGINNING (From Prior Year)

Adjustment to Beginning Fund - - - - - Balance

FUND BALANCE - ENDING 12,869,560 9,944,822 14,401,671 2,237,256 699,669

Figures may vary slightly due to rounding.

Financial Section 75 Financial Section Figures may slightly duetorounding. vary FUND BALANCE -ENDING FUND BALANCE TOTAL REVENUES FUND BALANCE -BEGINNING(FromFUND BALANCE Prior Year) NET CHANGEINFUNDBALANCE (UNDER) EXPENDITURES EXCESS (DEFICIENCY)OFREVENUESOVER TOTAL EXPENDITURES SUMMARY: DEBTSERVICES 76 FY 2008to2012 ofBudgets:Summary Other Objects Total State Total Local Debt Service Fund Debt Service - (734,528) (734,528) 972,841 1,707,369 5,879,403 5,879,403 5,144,875 $5,144,875 ACTUAL FY 2008 - 10,242 10,242 983,083 972,841 6,414,138 6,414,138 6,424,380 $6,424,380 ACTUAL FY 2009

12,526 12,526 995,609 983,083 6,419,576 6,419,576 6,432,102 $6,432,102 ACTUAL FY 2010

(49,178) (49,178) 946,431 995,609 6,470,000 6,470,000 6,420,822 $6,420,822 BUDGET FY FINAL Financial Section 2011

6,467,522 6,467,522 6,418,000 $6,418,000 896,909 946,431

ORIGINAL BUDGET FY 2012 (49,522) (49,522)

Financial Section Summary of Budgets: Student Activity Fund FY 2008 to FY 2012 Financial Section

SUMMARY: STUDENT ACTIVITY ACTUAL ACTUAL ACTUAL FINAL ORIGINAL FY 2008 FY 2009 FY 2010 BUDGET BUDGET FY 2011 FY 2012

Total Local $ 4,213,824 $ 3,496,177 $ 3,284,270 $ 3,650,474 $ 3,380,705 Total State - - - - - Total Federal - - -

TOTAL REVENUES 4,213,824 3,496,177 3,284,270 3,650,474 3,380,705

Salaries - - - - - Employee Benefits - - - - - Purchased Professional and Tech Svcs 312,522 321,426 261,490 403,697 318,720 Purchased Property Services 69,073 55,049 51,599 45,808 48,544 Other Purchased Services 944,764 760,165 497,293 689,537 650,147 Supplies 1,956,386 1,772,526 1,686,579 1,885,773 1,727,009 Property 46,694 45,058 14,000 10,500 - Other Objects 711,752 688,516 555,600 541,047 585,902 TOTAL EXPENDITURES 4,041,191 3,642,740 3,052,561 3,579,862 3,340,822

EXCESS (DEFICIENCY) OF REVENUES OVER 172,633 (146,563) 231,709 70,612 39,883 (UNDER) EXPENDITURES

OTHER FINANCING SOURCES (USES) AND - - - - OTHER ITEMS

NET CHANGE IN FUND BALANCE 172,633 - 231,709 70,612 39,883

FUND BALANCE - BEGINNING (From Prior 1,835,600 2,008,233 1,703,390 1,935,099 2,005,711 Year)

Adjustment to Beginning Fund Balance (Add - (158,280) - - - Explanation)

FUND BALANCE - ENDING 2,008,233 1,703,390 1,935,099 2,005,711 2,045,594

Figures may vary slightly due to rounding.

Financial Section 77 Financial Section FY 2008to2012 ofBudgets:Summary Year) -BEGINNING(FromFUND BALANCE Prior TOTAL EXPENDITURES OTHER FINANCINGSOURCES(USES) (UNDER) EXPENDITURES EXCESS (DEFICIENCY)OFREVENUESOVER NET CHANGEINFUNDBALANCE Figures may slightly duetorounding. vary SUMMARY: NONK-12 TOTAL REVENUES FUND BALANCE -ENDING FUND BALANCE Adjustment toBeginningFundBalance 78 Other Objects Total Federal Property Supplies Total State Other Purchased Services Purchased Property Services Total Local Purchased Professional and Tech Svcs Employee Benefits Salaries Non K-12Fund - 20,940 54,407 66,104 39,274 68,814 68,814 38,967 269,720 500,856 686,879 570,375 462,287 797,600 1,635,706 1,720,443 2,447,062 4,084,935 4,153,749 ACTUAL FY 2008 - (56,458) (56,458) (156,319) 27,498 55,069 45,153 309,158 380,871 124,155 786,597 797,967 357,598 570,375 1,810,073 1,845,437 2,781,434 4,453,477 4,509,935 ACTUAL FY 2009 - - (170,800) (139,993) (139,993) 16,865 84,725 46,805 46,825 197,213 187,075 644,038 662,142 357,598 1,242,987 1,242,176 2,110,557 3,147,305 3,287,298 ACTUAL FY 2010 - - - (46,805) (125,904) 16,713 71,867 46,805 79,099 39,636 167,636 176,051 602,516 640,967 1,079,992 1,154,751 1,927,195 2,875,710 3,001,614 BUDGET FY FINAL 2011 Financial Section - - - (2,000,000) 1,145,992 3,266,538 1,919,885 5,058,909 2,026,748 3,032,161 15,534 80,900 26,748 26,748 27,379 169,380 166,051 653,032 646,379 ORIGINAL BUDGET FY 2012

Financial Section Summary of Budgets: Building Reserve Fund FY 2008 to FY 2012 Financial Section

SUMMARY: BUILDING RESERVE ACTUAL FY ACTUAL ACTUAL FINAL ORIGINAL 2008 FY 2009 FY 2010 BUDGET FY BUDGET 2011 FY 2012

Total Local $ - $ - $ - $ - $ - Total State - - - - - TOTAL REVENUES - - - - -

Salaries - - - - - Employee Benefits - - - - - Purchased Professional and Tech Svcs - - - - - Purchased Property Services - - - - - Property - - - - - Other Objects - - - - - TOTAL EXPENDITURES - - - - -

EXCESS (DEFICIENCY) OF REVENUES - 1,940,240 2,000,000 2,000,000 2,000,000 OVER (UNDER) EXPENDITURES

OTHER FINANCING SOURCES (USES) - 1,940,240 2,000,000 2,000,000 2,000,000 AND OTHER ITEMS

NET CHANGE IN FUND BALANCE - - 1,940,240 3,940,240 5,940,240

FUND BALANCE - BEGINNING (From - - - - - Prior Year)

Adjustment to Beginning Fund Balance - - - - -

FUND BALANCE - ENDING - 1,940,240 3,940,240 5,940,240 7,940,240

Note: The Building Reserve fund was not used by the District until FY 2009; figures may vary slightly due to rounding.

Financial Section 79 Financial Section FY 2008to2012 ofBudgets:Summary Adjustment to Beginning Net Assets/Fund Balance (UNDER) EXPENDITURES EXCESS (DEFICIENCY)OFREVENUESOVER TOTAL REVENUES (From Prior Year) NET - ASSETS BEGINNING / FUND BALANCE OTHER ITEMS OTHER FINANCINGSOURCES(USES) AND Figures may slightly duetorounding. vary SUMMARY: FOODSERVICES TOTAL EXPENSES/EXPENDITURES BALANCE NET CHANGEIN ASSETS /FUND NET -ENDING ASSETS /FUNDBALANCE 80 Total Federal Total State Total Local Other Objects Property Supplies Other Purchased Services Purchased Property Services Purchased Professional and Tech Svcs Employee Benefits Salaries Food Fund Service - - 4,230 61,618 15,318 559,868 177,671 564,683 219,097 219,097 161,183 1,673,023 4,293,452 4,512,549 2,584,494 2,199,774 1,980,677 1,635,726 $1,368,187 ACTUAL FY 2008 - 2,988 2,091 (272,230) (270,139) 96,163 15,847 610,749 276,065 724,361 331,186 1,823,534 1,807,794 4,805,708 2,872,978 5,077,938 1,929,635 2,199,774 $1,321,981 ACTUAL FY 2009 - 3,470 7,477 1,500 95,915 97,415 677,783 189,388 120,433 566,258 511,722 1,728,769 5,005,968 3,110,262 4,910,053 2,027,050 1,929,635 1,782,536 $1,217,923 ACTUAL FY 2010 - - 4,106 (166,055) (166,055) 11,000 550,000 367,547 121,168 564,503 479,974 1,902,163 5,064,105 3,342,049 5,230,160 1,860,995 2,027,050 1,779,699 $1,172,056 BUDGET FY FINAL Financial Section 2011 (108,801) (108,801) 1,997,271 1,840,293 5,190,067 3,428,790 1,860,995 5,298,868 1,752,194 $1,183,777

4,106 11,000 577,500 408,000 136,168 606,987 295,043 ORIGINAL BUDGET FY 2012 - -

Financial Section Fund Balance: Adjustment Schedule FY 2011 to FY 2012

FY 2011 FY2012 Financial Section Beginning Net Change in Ending Beginning Net Change in Ending Major Funds Balance Fund Balance Balance Balance Fund Balance Balance General $ 25,248,485 $ 260,493 $ 25,508,978 $ 25,508,978 $ (2,826,842) $ 22,682,136 Capital Projects 14,401,671 (12,164,415) 2,237,256 2,237,256 (1,537,587) 699,669 Debt Service 995,609 (49,178) 946,431 946,431 (49,522) 896,909 Total Major Funds 40,645,765 (11,953,100) 28,692,665 28,692,665 (4,413,951) 24,278,714

Non-major Funds Student Activities 1,935,099 70,612 2,005,711 2,005,711 39,883 2,045,594 Non K-12 46,805 (46,805) - - 26,748 26,748 Building Reserve 3,940,240 2,000,000 5,940,240 5,940,240 2,000,000 7,940,240 Food Services 2,027,050 (166,055) 1,860,995 1,860,995 (108,801) 1,752,194 Total Non-major 7,949,194 1,857,752 9,806,946 9,806,946 1,957,830 11,764,776 Funds

Total All Funds $ 48,594,959 $ (10,095,348) $ 38,499,611 $ 38,499,611 $ (2,456,121) $ 36,043,490

Fund Balance Definition Changes to Fund Balance FY 2011 to FY 2012 Fund balance (or equity) is defined as the difference between the assets and liabilities of a Food Services fund, or, in simpler terms, the resources remaining from prior years that are available to be budgeted Building Reserve in the current year. Fund balance is terminology that is applicable to “fund level” reporting of Non K-12 individual governmental funds and is based on the modified accrual basis of accounting, which is the basis of accounting used by the District. It is used Student Activities as a measure of the amount available to budget or spend in the future, and it’s typically accounted for Debt Service as either designated or undesignated. Utah state law limits the undesignated amount in the General Capital Projects fund to no more than 5% of the total expense budget of that fund. General

(15,000,000) (10,000,000) (5,000,000) - 5,000,000

FY 12 Net Change in Fund Balance FY 11 Net Change in Fund Balance

Financial Section 81 Financial Section 82 due toeconomicconditions. from schoolsspendinglessthaninprevious years The increase tofundbalancesinthisresults Student Activities Fund: $39,883 fundbalancefor FY2012. Service There isonly aminorprojected changetotheDebt Fund:Debt Service ($49,522) capital projects budget. result ofaone-timeincrease totheshort-term Peaks Elementary, andthe remaining amountisthe of thisdecrease isduetothecompletionofProvo decrease $1.5millioninFY2012. Nearly 900,000 The Capital Projects fundbalanceisprojected to Capital Projects Fund: ($1,537,587) andother etc.) “belt-tightening” methods. (premium participation, healthy lifestyles programs, efficiency programs, healthcare inflationmitigation address through ongoing savings through energy $400,000, isastructuralissuethattheDistrictmust The remaining fundbalancespenddown, roughly small one-timeexpenditures budgeted. that tohappen atthistime. There are alsoadditional will continue on. But, there isnocommitmentfor it’s possiblemuch oftheseone-timepay increases one-time innature. Ifeconomicconditionsimprove, which cametoover $1millioninFY2012, were Additionally, mostofthecompensationincreases, benefits in2005. down astheDistricteliminatedmuch ofitsOPEB years. The amountisprojected tocontinue togo this money hasalready beensetasideinprevious Other Post Employment Benefitsisbudgeted, and of thespend-down. For instance, $1.25millionof FY 2012. Non-routine expenditures make upmost million ofitsGeneralfundresidual balancesduring The Districtisprojected tospenddown over $2.8 General Fund: ($2,826,842) Statement ofChanges Standards Board (GASB)requirements. Employment Benefit(OPEB) obligations. Thisamount reflects whatis required per Government Accounting In addition totheseamounts, theDistrictalsohas$12,498, 244setasidetomeetfuture OtherPost toFundBalance(Equity) response isguaranteed. daily by Districtadministrators, andaprompt [email protected]. This emailaccountischecked budget cutswillhave tooccurinFY2013and2014. General andCapital Projects funds, thensubstantial to notethatiffundsdon’t increase, especially inthe non-routine expenditures, althoughit’s important fund balances. This spenddown isdueprimarily to of thisdecrease isaplannedspenddown ofcurrent decrease by $2,436,121inFY2012. The vastmajority Overall, Districtfundbalancesare projected to ofFundBalances Summary tine kitchenupgradesatseveral schools. This fundbalancedecrease istheresult ofnon-rou- Fund:Food Service ($108,801) long-term capital improvement plan. replacement projects resulting from theDistrict’s year tosave money for large-scalefuture building This fundbalanceisincreased by $2millioneach Fund:Building Reserve $2,000,000 fund inFY2012. this for projected change net minor a only is There Non K-12Fund: 26,748 Have feedback? Pleasesendanemailto Financial Section

Financial Section Financial Section

Major Revenues and Expenditures by Fund Major Funds

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Financial Section 83 Major Revenues andExpendituresbyFund Major Funds

Financial Section 84 revenue. taxes), followed by federal local sources (mainly property State ofUtah, followed by fund revenue source isthe The District’s largestGeneral FY 2012 Revenues andExpenditure Budgets by Source: Technical Technical Services Professional Professional and Purchased Purchased FY 2012Expenditures by Object: GeneralFund 4% FY 2012Revenues by Source: GeneralFund Purchased Purchased Property Services 0% Other Other Purchased Employee Employee Benefits Services 1% 27% Total Federal Supplies Total State 7% 12% Property 60% 1% Other Other Objects Total Local Salaries 59% 28% 1% General Fund benefits tosalarieswillalsorise. anticipated thatthepercentage of costs continue torise, it’s compensation. As healthcare of itsbudgetonemployee the Districtspendsmost organization,As aservice Financial Section

Financial Section Major Revenue Sources: General Fund FY 2010 through FY 2012

FINAL ORIGINAL Financial Section ACTUAL Revenues from State Sources BUDGET BUDGET FY 2010 FY 2011 FY 2012 Minimum School Programs Regular School Program K-12 $ 23,556,601 $ 24,100,000 $ 27,098,945 Professional Staff 2,529,006 2,525,996 2,759,680 Special Education -- Add-On 4,012,369 4,084,792 4,069,083 Special Education -- Self-Contained 1,661,951 1,632,228 1,782,528 Extended Year Program -- Severely Disabled 25,148 25,406 28,160 Special Education -- State Programs 108,023 111,501 121,088 Career & Technology Ed -- Add-On 2,215,424 2,092,396 2,092,524 Career & Technology Ed-- Set-Aside 21,508 - - Class Size Reduction (State Funds) 2,026,911 2,039,807 2,230,272 Enhance for Accelerated Stud Prog (3211-Gifted & Talented) 43,843 42,346 90,400 Advanced Placement 48,965 40,531 Concurrent Enrollment 94,565 82,680 82,680 At-Risk Enhancement (3215-At-Risk - Student Program) 177,934 153,295 107,307 At-Risk -- Homeless and Minority 55,452 47,993 33,595 At-Risk -- Gang Prevention 65,596 67,856 67,856 At-Risk -- Youth-in-Custody 1,294,074 1,244,379 1,100,000 English Language Learner Family Literacy Centers 68,969 63,388 - (3640 - Extended Day Kindergarten) 252,846 234,730 230,000 Instructional Technology 233,715 Interventions for Student Success Block Grant 428,333 411,130 205,565 Social Security and Retirement (Flexible Allocation) 3,878,963 3,868,550 517,080 Pupil Transportation 1,352,159 1,311,156 1,311,156 Highly Impacted Schools 331,585 324,953 217,719 School Land Trust Program 585,973 531,860 611,639 Electronic High School and/or Public Education Online - - 614,800 Board Leeway 607,663 - - K-3 Reading Achievement 384,083 334,848 420,000 Other State Sources MSP 157,178 125,925 118,392 Total Minimum School Program Generated 46,218,837 45,497,746 45,910,469

Other Revenues from State Sources Other Revenues From State Sources (Non-MSP) 1,266,430 1,232,887 1,221,359 Driver Education (State Driver Training Tax) 104,600 98,479 98,479 Library Books & Electronic Resources 11,582 9,916 9,000 Supplementals / Other Bills 3,899,432 3,778,967 3,870,000 Revenues From Other State Agencies 255,637 172,185 172,185

Total State Revenue 51,756,518 50,790,180 51,281,492

Financial Section 85 Financial Section 86 TOTAL REVENUES, GENERALFUND Total Federal Revenue Total LocalRevenue Figures may slightly duetorounding. vary Revenues from LocalSources FY 2010through FY2012 Major Revenue Sources: GeneralFund Revenues from Federal Sources Student Activities Earnings onInvestments Transportation Fees From PupilsorParents Tuition From OtherLEAsOutsidetheState Tuition From PupilsorParents Property Taxes Other Revenues from OtherLocalGovernments Contributions andDonationsfrom PrivateSources/Foundation Other Revenues From LocalSources Miscellaneous No ChildLeftBehind(NCLB) Federal Received Through Other Agencies Other RestrictedFederal Through State ARRA Programs Career & Technology Education Programs for theDisabled(IDEA) Restricted Federal Through State Restricted Revenue Direct From Federal (155) 3,350 78,521 16,289 49,205 222,425 284,972 126,561 505,662 516,014 316,421 250,221 260,650 5,257,981 1,684,505 5,314,910 2,520,734 21,376,900 14,486,136 $18,454,770 87,619,554 ACTUAL FY 2010 - 3,000 6,000 16,617 96,244 100,000 250,000 107,000 950,000 925,215 318,112 283,790 557,539 5,325,422 3,574,791 4,372,349 2,679,785 23,587,329 14,558,456 $18,579,921 BUDGET 88,935,965 FY 2011 FINAL - - 5,000 16,617 92,842 300,000 107,000 125,000 400,000 932,264 150,000 279,581 222,503 279,519 Financial Section 9,857,282 5,220,788 2,800,000 2,679,785 23,608,617 $19,855,000 ORIGINAL BUDGET 84,747,391 FY 2012

Financial Section Major Expenditures: General Fund FY 2010 through FY 2012 Financial Section FINAL ORIGINAL ACTUAL General Fund Expenditures BUDGET BUDGET FY 2010 FY 2011 FY 2012 Function: Instruction Salaries - Teachers $ 33,482,092 $ 33,535,385 $ 33,630,605 Salaries - Teacher Aides and Paraprofessionals 5,153,402 5,743,826 5,185,453 Salaries - All Other 389,523 228,019 275,793 Total Salaries (100) 39,025,017 39,507,230 39,091,851 Retirement 5,787,141 6,582,705 6,738,985 Social Security 2,971,646 3,022,303 2,990,527 Insurance (Health/Dental/Life) 6,010,145 6,734,061 7,067,857 Other Benefits 1,311,800 1,812,831 1,701,217 Total Benefits (200) 16,080,732 18,151,900 18,498,586 Purchased Professional and Technical Services 1,778,102 2,424,910 2,281,267 Purchased Property Services 58,563 139,075 82,676 Other Purchased Services 449,909 463,435 393,062 Supplies 3,250,125 3,582,144 2,707,569 Textbooks 14,761 122,336 103,850 Property (Instructional Equipment) 2,107,222 1,308,806 597,875 Other Objects (323,282) 1,024,717 635,944 Dues and Fees 16,507 11,240 10,900 TOTAL INSTRUCTION (1000) 62,457,656 66,735,793 64,403,580

Function: Student Support Salaries - Attendance and Social Work Personnel 303,257 355,657 273,510 Salaries - Guidance Personnel 779,921 798,245 731,242 Salaries - Health Services Personnel 34,210 41,271 41,271 Salaries - Psychological Personnel 669,627 618,144 607,597 Salaries - Secretarial and Clerical 194,338 205,869 220,064 Salaries - All Other 564,374 630,976 620,396 Retirement 374,793 431,516 429,598 Social Security 180,304 194,214 187,222 Insurance (Health/Dental/Life) 355,290 384,603 350,138 Other Benefits 24,666 25,694 25,114 Purchased Professional and Technical Services 130,557 166,100 166,000 Other Purchased Services 12,116 17,680 10,380 Supplies 31,633 29,542 30,077 Other Objects 26,882 33,525 15,431 TOTAL STUDENTS (2100) 3,681,968 3,933,036 3,708,040

Figures may vary slightly due to rounding.

Financial Section 87 Financial Section 88 TOTAL INSTRUCTIONAL STAFF (2200) Figures may slightly duetorounding. vary Function: InstructionalStaffSupport FY 2010through FY2012 Major Expenditures: GeneralFund TOTAL DISTRICT ADMINISTRATION (2300) Function: District Admin Support Salaries -MediaPersonnel -Certificated Salaries -Secretarial andClerical Salaries -DistrictBoard and Administration Salaries -MediaPersonnel -Noncertificated. Salaries - Supervisors andDirectors Salaries -Supervisors Salaries - All Other Salaries -Secretarial andClerical Periodicals Books Library Supplies Other Purchased Services Purchased Property Services Purchased Professional and Technical Services Retirement Salaries - All Other Dues andFees Other Objects Other Benefits Insurance (Health/Dental/Life) Social Security Retirement Insurance (Health/Dental/Life) Social Security Other Benefits Dues andFees Other Objects Supplies Other Purchased Services Purchased Property Services Purchased Professional and Technical Services - 6,895 6,751 1,131 7,430 20,397 17,740 31,187 38,152 13,348 96,927 52,119 28,887 45,212 12,776 13,711 304,463 270,729 345,985 302,097 475,331 164,698 200,298 192,663 111,146 127,975 107,955 $224,584 397 235 1,160,972 2,060,247 ACTUAL FY 2010 - - - 9,125 6,213 1,734 9,681 7,777 2,667 17,800 47,095 92,515 74,057 16,094 59,497 72,510 34,825 46,150 309,996 275,711 336,958 314,200 109,063 171,740 151,781 150,440 115,281 $212,045 500 770 1,284,692 1,361,533 BUDGET FY 2011 FINAL - - - - 7,000 6,213 8,776 1,000 17,800 40,532 10,101 77,124 14,537 67,137 76,161 35,975 46,150 322,058 278,738 365,106 413,168 111,204 171,170 100,841 177,568 167,519 128,656 $212,004 500 427 1,426,787 1,430,678 ORIGINAL Financial Section BUDGET FY 2012

Financial Section Major Expenditures: General Fund FY 2010 through FY 2012 Financial Section Organizational Section Financial

FINAL ORIGINAL ACTUAL Function: School Admin Support BUDGET BUDGET FY 2010 FY 2011 FY 2012 Salaries - Principals and Assistants $ 2,346,760 $ 2,443,831 $ 2,471,333 Salaries - Secretarial and Clerical 1,164,412 1,136,967 1,148,337 Salaries - All Other 41,327 44,080 44,665 Retirement 592,204 634,083 638,286 Social Security 256,914 273,278 277,796 Insurance (Health/Dental/Life) 383,404 403,898 442,300 Other Benefits 35,549 35,696 36,417 Purchased Professional and Technical Services 25,965 23,819 25,279 Property 5,331 5,889 5,889 Other Objects 4,851,866 5,001,541 5,090,302 TOTAL SCHOOL ADMINISTRATION (2400)

Function: Central Support

Salaries 1,516,350 1,511,456 1,524,943 Retirement 240,472 262,278 284,476 Social Security 108,266 116,467 118,472 Insurance (Health/Dental/Life) 198,280 202,780 218,174 Other Benefits 16,022 14,895 15,334 Purchased Professional and Technical Services 337,824 375,060 390,810 Purchased Property Services 37,355 40,500 40,500 Other Purchased Services 317,145 313,650 314,600 Supplies 120,679 154,949 156,909 Other Objects 11,164 2,900 2,900 Dues and Fees 2,313 13,000 13,000 TOTAL CENTRAL (2500) 2,905,870 3,007,935 3,080,118

Figures may vary slightly due to rounding.

Financial Section 89 Financial Section 90 Function: Student Transportation FACILITIES (2600) TOTAL OPERATION AND MAINTENANCEOF TOTAL STUDENT TRANSPORTATION (2700) Figures may slightly duetorounding. vary Function: MaintenenanceandOperationsSupport FY 2010through FY2012 Major Expenditures: GeneralFund Salaries - All Other Salaries -OperationandMaintenance Retirement Salaries -Secretarial andClerical Insurance (Health/Dental/Life) Social Security Salaries -Supervisors Purchased Property Services Purchased Professional and Technical Services Other Benefits Social Security Retirement Salaries -Other(Trainers, etc.) Salaries -MechanicsandOtherGarageEmployees Salaries -BusDrivers Other Purchased Services Other Benefits Insurance (Health/ Accident /Life) Supplies Purchased Property Services Communications (Telephone andOther) Payments inLieuof Transportation -Subsistence Student Allowance Travel /Per Diem Miscellaneous Expenditures Other Supplies Motor Fuel Training 1,068 7,470 1,012 2,394 5,551 16,932 88,092 10,514 97,368 53,131 44,000 61,987 82,192 39,812 40,996 11,327 49,841 479,250 149,919 168,809 869,934 126,972 194,955 192,507 $730,750 530 739 1,952,076 3,605,897 2,029,921 ACTUAL FY 2010 - - 3,255 8,661 8,894 2,000 3,300 7,000 22,997 69,676 43,824 71,453 80,461 57,877 10,517 75,000 115,184 131,238 474,499 150,005 161,463 837,826 140,726 169,128 237,493 $911,149 500 1,931,159 4,289,393 2,426,426 BUDGET FY 2011 FINAL - - - 3,255 8,834 3,300 7,000 21,608 15,139 44,700 73,677 82,045 57,777 10,725 75,000 217,728 113,870 240,377 474,499 197,124 164,372 854,583 124,232 177,584 301,242 500 2,054,496 5,326,883 2,639,463 $1,472,745 Financial Section ORIGINAL BUDGET FY 2012

FinancialOrganizational Section Section Financial Section

FinancialOrganizational Section Section 91 TOTAL EXPENDITURES, GENERALFUND Figures may slightly duetorounding. vary Function: OtherSupport FY 2010through FY2012 Major Expenditures: TOTAL OTHER FINANCINGSOURCES(USES) AND OTHER ITEMS TOTAL OTHER SUPPORT (2900) OTHER FINANCINGSOURCES(USES) OTHER FINANCING Social Security Retirement Salaries Insurance (Health/ Accident /Life) Proceeds From SaleofCapital Assets Transfers Outto OtherFunds Capital LeaseProceeds Other Benefits Purchased Professional and Technical Services Purchased Property Services Other Purchased Services Supplies General Fund - - - - 2,923 6,278 9,683 60,773 61,739 81,721 $41,445 142,494 996 414 $ 82,738,291 ACTUAL FY2010 - (59,099) (79,099) 6,254 49,129 20,000 59,634 40,000 35,430 12,757 107,773 135,059 $625,255 1,071,291 $ 88,616,373 BUDGET FY2011 FINAL Financial Section - - 6,169 47,326 20,000 20,000 62,473 40,000 35,430 12,653 109,796 141,812 $617,690 1,073,349 $ 87,594,233 ORIGINAL BUDGET FY 2012

Financial Section Revenues and Expenditure Budgets by Source: Capital Projects Fund FY 2012 Financial Section

FY 2012 Expenditures by Object: Capital Projects Fund

Other Objects 2% Employee Benefits Salaries 5% 12% Purchased Property Professional and 23% Technical Services 3%

Purchased Property Services 55%

Note: All revenue in the Capital Projects Fund comes from local sources - most notably property taxes. Total FY 2012 revenues for this fund are $3,890,000.

Financial Section 92 Financial Section 93 TOTAL REVENUES, SOURCES LOCAL TOTAL REVENUES, CAPITAL PROJECTS FUND TOTAL REVENUES, STATE SOURCES Figures may slightly duetorounding. vary Revenues from LocalSources FY 2010through FY2012 Major Revenue Sources: Capital Projects Fund Revenues from StateSources Other Revenues From LocalSources Property Taxes Capital Outlay Foundation 59,361 200,000 200,000 7,395,204 7,195,204 $7,135,843 ACTUAL FY 2010 - - 8,263,740 8,263,740 1,214,000 $7,049,740 BUDGET FY 2011 FINAL 100,000 3,890,000 3,890,000 $3,790,000

Financial Section ORIGINAL BUDGET FY 2012 - -

Financial Section Major Expenditures: Capital Projects Fund FY 2010 through FY 2012

FINAL ORIGINAL ACTUAL Function: Operation and Maintenance of Facilities BUDGET BUDGET

FY 2010 Financial Section FY 2011 FY 2012 Salaries $ 691,895 $ 550,000 $ - Retirement 90,712 98,065 - Social Security 50,019 42,075 - Insurance (Health/Dental/Life) 98,591 99,478 - Other Benefits 6,918 5,500 - Total Benefits 246,240 245,118 - Purchased Professional and Technical Services - 50,000 170,000 Purchased Property Services 21,731 5,000 - TOTAL OPERATION AND MAINTENANCE OF FACILITIES 959,866 850,118 170,000

Function: Operation and Maintenance of Facilities (10% of Basic) Equipment 812,409 1,819,175 290,000 TOTAL OPERATION AND MAINTENANCE OF FACILITIES (10%) 812,409 1,819,175 290,000

Function: Student Transportation (10% of Basic) School Buses 204,346 - 110,000 TOTAL STUDENT TRANSPORTATION (10%) 204,346 - 110,000

Function: Building Acquisition and Construction (10% of Basic) Construction and Remodeling 1,000,000 2,250,000 1,470,000 Furniture and Fixtures - - 850,000 TOTAL BUILDING ACQUISITION AND CONSTRUCTION (10%) 1,000,000 2,250,000 2,320,000

Function: Building Acquisition and Construction (Non 10% of Basic) Salaries 575,284 566,287 653,276 Retirement 85,554 101,807 120,072 Social Security 42,763 43,321 49,976 Insurance (Health/Dental/Life) 71,691 74,264 80,948 Other Benefits 5,832 5,663 5,832 Purchased Professional and Technical Services 67,058 18,000 18,000 Purchased Property Services 669,496 704,000 700,000 Construction and Remodeling 2,888,967 11,995,520 830,000 Other Purchased Services 10,045 - - Land and Improvements 3,000 - - Buildings 286,000 - - Other Objects 14,255 - - Interest 53,688 - 79,483 TOTAL BUILDING ACQUISITION AND CONSTRUCTION - (4500) 4,773,633 13,508,862 2,537,587

TOTAL EXPENDITURES, CAPITAL PROJECTS FUND 7,750,254 18,428,155 5,427,587

Figures may vary slightly due to rounding.

Financial Section 94 Major Revenues and Expenditures: Debt Service Fund FY 2010 through FY 2012 Financial Section

FINAL ORIGINAL ACTUAL Revenues from Local Sources BUDGET BUDGET FY 2010 FY 2011 FY 2012

Property Taxes $ 6,432,102 $ 6,420,822 $ 6,418,000 TOTAL REVENUES, DEBT SERVICE FUND 6,432,102 6,420,822 6,418,000 Major Revenues and Expenditures by Fund Expenditures by Object Interest 2,400,326 2,232,000 2,078,522 Redemption of Principal 4,016,000 4,186,000 4,339,000 Non-major Funds Miscellaneous Expenditures 3,250 52,000 50,000

TOTAL EXPENDITURES, DEBT SERVICE FUND 6,419,576 6,470,000 6,467,522

Figures may vary slightly due to rounding.

Financial Section 95 Financial Section Major Revenues andExpendituresbyFund 96 scholarships. incollege $6.5Million earned We canhelp. 2011,ourstudents In College isExpen$ive Provo District School City Non-major Funds Outdoor Advertising Campaign, Summer2011 Financial Section

Financial Section Major Revenues and Expenditures: Student Activity Fund FY 2010 through FY 2012 Financial Section

ORIGINAL ACTUAL FINAL BUDGET BUDGET Revenues from Local Sources FY 2010 FY 2011 FY 2012 REVENUES FROM LOCAL SOURCES Earnings on Investments $ 9,806 $ - $ - Student Fees 840,060 1,047,538 949,608 School Vending 30,597 30,892 26,543 Community Services Activities 550,610 598,660 583,286 Other Revenues From Local Sources 1,853,197 1,973,384 1,821,268 TOTAL REVENUES FROM, LOCAL SOURCES 3,284,270 3,650,474 3,380,705

TOTAL REVENUES, 21 STUDENT ACTIVITY FUND 3,284,270 3,650,474 3,380,705

FUNCTION: INSTRUCTION Purchased Professional and Technical Services 261,490 403,697 318,720 Purchased Property Services 51,599 45,808 48,544 Other Purchased Services 497,293 689,537 650,147 Supplies 1,686,579 1,885,773 1,727,009 Property - 14,000 10,500 Other Objects 544,479 541,047 585,902 Dues and Fees 11,121 - - TOTAL EXPENDITURES, INSTRUCTION 3,052,561 3,579,862 3,340,822

TOTAL EXPENDITURES, STUDENT ACTIVITY FUND 3,052,561 3,579,862 3,340,822

Figures may vary slightly due to rounding.

Financial Section 97 Financial Section 98 REVENUES FROM STATE SOURCES TOTAL REVENUES, 23NONK-12PROGRAMS FUND REVENUES FROM FEDERALSOURCES REVENUES FROM SOURCES LOCAL REVENUES TOTAL REVENUESFROM, SOURCES LOCAL TOTAL REVENUESFROM FEDERALSOURCES TOTAL REVENUESFROM STATE SOURCES 1 Figures may slightly duetorounding. vary Revenues FY 2010through FY2012 Major Revenues: NonK-12Fund grounds onfuture schoolsbuiltusingbuildingreserve fundproceeds.. the NonK-12fund, ratherthantheCapital Projects fund. This isbeingdonetoaccruebuildingfundsthatcan beusedfor The largeincrease inproperty taxes isduetoanaccountingshiftthat will draw FY2011-12buildingreserve fundsfrom Other Revenues From Federal Sources Revenues from OtherState Agencies Social SecurityandRetirement Adult Education Preschool-Handicapped Adult Education Special Ed-Preschool Property Taxes Earnings onInvestments Other Revenues From LocalSources Tuition from PupilsorParents 806 1,242,176 1,242,987 3,147,305 62,622 89,470 65,248 302,813 700,570 100,067 662,142 526,513 472,605 176,982 $649,609 ACTUAL FY 2010 FINAL BUDGET - - 77,016 99,729 49,800 57,668 314,460 715,732 640,967 453,538 464,222 $643,545 1,154,751 1,079,992 2,875,710 FY 2011 - - $2,753,000 77,786 99,729 60,000 49,800 314,460 781,732 646,379 453,538 468,864 3,266,538 1,145,992 5,058,909 ORIGINAL Financial Section BUDGET FY 2012 1

Financial Section Major Expenditures: Non K-12 Fund FY 2010 through FY 2012 Financial Section

FINAL ORIGINAL ACTUAL BUDGET BUDGET EXPENDITURES FY 2010 FY 2011 FY 2012 Function: Other Community Services/Recreation Salaries $ 530,126 $ 402,152 $ 403,740 Retirement 60,594 44,225 56,032 Social Security 38,943 24,693 30,887 Insurance (Health/Dental/Life) 27,492 5,435 19,150 Other Benefits 5,277 34,052 4,039 Purchased Professional and Technical Services 4,194 5,400 5,400 Purchased Property Services 7,246 2,250 2,250 Other Purchased Services 4,309 4,599 4,599 Supplies 28,412 28,145 28,145 Total Other Services 706,593 550,951 554,242

Function: Community Services Salaries 1,580,431 1,525,043 1,516,145 Retirement 210,375 200,958 227,240 Social Security 115,437 111,765 117,720 Insurance (Health/Dental/Life) 170,127 166,793 182,724 Other Benefits 15,793 14,595 15,240 Purchased Professional and Technical Services 80,531 66,467 75,500 Purchased Property Services 179,829 173,801 163,801 Other Purchased Services 12,556 12,114 10,935 Supplies 168,801 139,491 141,235 Other Objects 46,183 39,001 27,279 Dues and Fees 642 635 100 Total Community Services 2,580,705 2,450,663 2,477,919

TOTAL EXPENDITURES, NON K-12 PROGRAMS FUND 3,287,298 3,001,614 3,032,161

Figures may vary slightly due to rounding.

Financial Section 99 Financial Section 100 TOTAL OTHER FINANCINGSOURCES (USES) OTHER FINANCINGSOURCES (USES) In previous years, thistransfer camethrough theCapital Projects fund. For FY2011-12, fundwillbefundedthrough theBuildingReserve atransfer from theNonK-12fund. public noticeisgiven statingthepurposefor whichtheexpenditures are tobemade.” transfers. According toUtahlaw, “local schoolboards may make expenditures from thefundonly if There are norevenues orexpenditures inthisfundasalltransactionsare donethrough interfund FY 2009through FY2011 Other FinancingSources (Uses): Transfers Infrom OtherFunds Building Reserve Fund BuildingReserve $2,000,000 $2,000,000 ACTUAL FY 2010 $2,000,000 $2,000,000 BUDGET FY FINAL 2011 $2,000,000 $2,000,000 Financial Section ORIGINAL BUDGET FY 2012

Financial Section Major Revenues: Food Service Fund FY 2010 through FY 2012 Financial Section

FINAL ORIGINAL ACTUAL BUDGET BUDGET Revenues from Local Sources FY 2010 FY 2011 FY 2012 Sales to Students $ 1,079,624 $ 1,050,460 $ 1,060,965

Sales to Adults 108,687 98,421 99,405 Other Revenues From Local Sources 29,484 23,175 23,407 Gains (Losses) From Sale of Capital Assets - 128 - - Enterprise Funds TOTAL REVENUES, LOCAL SOURCES 1,217,923 1,172,056 1,183,777

REVENUES FROM STATE SOURCES School Lunch 677,783 550,000 577,500 TOTAL REVENUES, STATE SOURCES 677,783 550,000 577,500

REVENUES FROM FEDERAL SOURCES Lunch Reimbursement 387,849 375,000 382,500 Lunch Reimbursement (Free and Reduced Meals) 1,952,711 2,120,000 2,162,400 Special Milk Reimbursement 98 299 305 Breakfast Reimbursement 535,680 530,000 540,600 Child and Adult Care Food Program 61,065 68,000 69,360 Donated Commodities 172,859 248,750 273,625 TOTAL REVENUES, FEDERAL SOURCES 3,110,262 3,342,049 3,428,790

TOTAL REVENUES FOOD SERVICE FUND 5,005,968 5,064,105 5,190,067

Figures may vary slightly due to rounding.

Financial Section 101 Financial Section 102 Function: Food Services FY 2010through FY2012 Major Expenditures: FoodFund Service Figures may slightly duetorounding. vary Dues andFees Other Objects Property Food Non-Food Supplies Other Purchased Services Purchased Property Services Purchased Professional and Technical Services Other Benefits Insurance (Health/Dental/Life) Social Security Retirement Salaries Total OtherObjects 3,470 7,477 2,954 17,706 508,768 189,388 201,372 120,433 172,899 131,506 244,147 511,722 1,527,397 4,910,053 $1,782,536 ACTUAL FY 2010 4,106 11,000 17,797 17,386 462,588 367,547 276,626 121,168 155,981 128,355 262,370 479,974 1,625,537 5,230,160 $1,779,699 BUDGET FY 2011 FINAL 4,106 11,000 18,403 17,386 277,657 408,000 290,457 136,168 170,019 140,782 277,783 295,043 1,706,814 5,298,868 $1,840,293 ORIGINAL BUDGET FY 2012 Financial Section

Financial Section Financial Section

Capital Projects and Debt Service Supplementary Information

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Financial Section 103 Financial Section 104 early FY2012. below. This project -theDistrict’s largestnon-routine expenditure thepastthree years -wraps upin of theFarrer rebuild project (Provo Peaks Elementary), fundedthrough theQSCBprogram, isshown of 2009andare disussedinmore detailonthefollowing pages. A tableshowing thecostsandtimeline later inthissection.. QualifiedSchoolConstructionBonds(QSCB)are ofthe federal stimulus part bill Some oftheDistrict’s non-routine capital expenditures are includedontheCapital Projects listfound Significant Capital Expenditures: Non-routine fund isfundedexclusively through localproperty taxes. Projects fund. With theexceptionofFarrer rebuild, whichisdescribedbelow, theCapital Projects expenditures canoccurinany fundbutDebtService. However, thevastmajorityoccurinCapital include buildings, copy machines, buses, land, equipment. andcomputer/information technology Capital a usefullife ofatleastthree years, andcostingatleast$10,000.” The Districtdefinescapital expenditures as Capital Expenditures: Total: September 2011 August 2011 July 2011 June 2011 May 2011 April 2011 March 2011 2011 February 2011 January December 2010 November 2010 October 2010 September 2010 August 2010 July 2010 June 2010 May 2010 April 2010 March 2010 Date Provo Peaks ConstructionSchedule:

Rev. 5/11 Rev. 6/10 Rev. 6/11 Definition Amount 1,058,097 1,040,000 1,150,000 100,000 300,000 450,000 750,000 750,000 750,000 750,000 899,000 $300,000 1,100,000 1,200,000 1,250,000 1,200,000 1,303,481 $15,450,578 ofamore orlesspermanentnature with “tangible property 600,000 500,000 Examplesofcapital expenditures Revised 6/10, 5/11and6/11 FY12 FY11 FY10 Building andconstruction Building andconstruction Building andconstruction Completion, furniture and fixtures Completion work, furniture andfixtures Building andconstruction Building andconstruction Building andconstruction Building andconstruction Building andconstruction Building andconstruction Building andconstruction Site work, architectural Building andconstruction Building andconstruction Building andconstruction Building andconstruction Building andconstruction Site work Notes Financial Section

Financial Section Other Significant Capital Expenditures: Non-routine

The short-term capital improvement list includes other significant non-routine capital expenditures. Financial Section These expenditures are voted on by the Board of Education in February for the coming fiscal year. These expenditures are determined based on recommendations from District staff. Public comment is sought each year on the proposed capital projects, and a detailed budget for each specific project is available for public review.

For FY 2012, the Capital Improvement list includes projects totaling $2,300,000. Most of the projects will begin on or around July 1, 2011, and be completed by June 30, 2012.

Effect on Operations: Major Capital Projects Financial

There is no material financial impact on operations resulting from the FY 2012 capital improvement list. This is due to the fact the District isn’t growing, and any new buildings or square footage will result in the closing of old buildings. Over the next five years, there will be an impact to operational costs as a result of energy efficiency gains. Over the long-term, there could be significant operational savings as new schools are built larger, meaning other schools could close when a rebuilt school opens. Increased utility costs due to larger buildings would be offset by school closures and more energy efficiency in new buildings. In 2011 dollars, closing one elementary school could result in $542,500 of ongoing operational savings. While teacher costs are variable based on student enrollment, savings to fixed costs such as administration, custodial, transportation and utilities could be realized.

Ongoing Annual Operational Savings from Capital Improvement Projects Maintenance/ Other Non- Time Range1 Compensation Utilities compensation Total FY 2012 $ - $ - $ - $ -

Short-term (2-5 years) - 50,000 - 50,000 Long-term (5+ years)2 460,000 262,000 142,500 864,500

1All savings are annual and are reflected in FY 2011 dollars; in other words, no adjustment for inflation is shown. 2Long-term savings include $542,500 in ongoing savings from closing one elementary school and additional district-wide utilities savings resulting from HVAC and energy efficiency projects.

Non-financial

The short-term capital projects list represent a significant investment of public tax dollars. Besides the financial aspect of these investments, there are also non-financial benefits that come from these projects, including:

• School and classroom environments more conducive to effective learning • Community beautification • Less impact on the environment (new schools are substantially more energy-efficient) • Smaller class sizes • Safer and cleaner buildings and grounds • Improved public perception

Financial Section 105 Financial Section 106 Funding Schedule Long-term Capital Improvement Plan Obligation Bond Obligation remodeling of 5 5 ofremodeling 2006 General General 2006 ($35 million): million): ($35 construction construction Rebuilt /new Rebuilt school at very lowschool atvery interest rates. bonds, ofthe whichallows theDistricttofundpart Peaks Elementary. These funds are actually taxcredit Farrer Elementary, tobecalledProvo funding tohelpfundtherebuild of was awarded $6.4million in QSCB stimulus billof2009. The District (QSCB) areofthefederal part Qualified SchoolConstructionBonds 30,completed by January 2009. during FY2007, theprojects were While mostofthefundingfor thebondwasreceived voters approved a$35millionbondandleeway. tax levy, andgeneralobligationbonds. In2006, Provo funded through two majorsources: thecapital outlay master planof2003. Capital improvements are capital improvement schedule, ofthe whichispart The Districtcontinues itstargetedandaggressive Capital elementary elementary substantial substantial schools, schools, schools two Improvement Plan Reserve/Capital Reserve/Capital remainder fromremainder low-rate bonds bonds low-rate Stimulus QSCB Rebuild Farrer Rebuild Elem. School - Elem. School Projects Fund Fund Projects ($6.4 million): million): ($6.4 Building Building million): rebuild rebuild million): one one elementary first draw ($13 ($13 firstdraw Reserve fund fund Reserve Building Building school replacement plan.” 20 year building ofaprogressivepart aremaintenance efforts “All capital projects and

Obligation Bond Obligation Rebuild middle middle Rebuild Potential 2017 Potential 2017 ($30 million): million): ($30 General General school impact oftheselargeexpenditures ontheclassroom. a criticalneed. However, it’s tominimizethe important costs. Maintainingsafe, efficientandmodernbuildingsis rather thantobuildingimprovement andreplacement District canredirect more taxdollarstotheclassroom progressive 20year buildingreplacement plan. capital projects are ofa andmaintenanceefforts part the project forward earlierthanoriginally planned. All long-term masterplan; theQSCBfundsjustmoved rebuild ofFarrer oftheDistrict’s isapart overall from theCapital Projects property taxlevy. The The rest ofthecosttorebuild theschoolwillcome see next box. seenext box. ($30 million): million): ($30 fund Reserve second draw second Building Building for someoperationalflexibilityasthe until 2017attheearliest. This allows need toissuegeneralobligationbonds anticipated thattheDistrictwon’t of Provo Peaks Elementary, it’s by June 30, 2012. With the completion around July 1, 2011, andbecompleted The 2012projects onor willstart Obligation Bond Obligation Potential 2027 Potential 2027 Reserve Fund, Fund, Reserve Combine Combine with $30 million ofmillion $30 ($30 million): million): ($30 rebuild high high rebuild Financial Section Building Building General General school

Financial Section Long-term Capital Improvement Study To FY 2018 Financial Section Organizational Section Financial A joint effort in 2008 with Brigham Young University, this long-term capital improvement study shows the cost to renovate District buildings as a percentage of the cost to replace the buildings entirely. Buildings with the highest replacement costs should be replaced first, rather than renovated. A renovate/replacement ratio of greater than 80% indicates District replacement priorities.

Current % of Current Replacement 10 YR Replacement Elementary SQ FT Age in Years Cost Investment Seismic Total Investment Cost

Amelia Earhart 69,733 10 $ 11,505,945 $ 1,028,200 $ 104,600 $ 1,132,800 10% Canyon Crest 67,247 25 11,095,755 4,059,200 319,550 4,378,750 39% Edgemont 47,200 53 7,788,000 5,077,200 1,525,398 6,602,598 85% Farrer 88,962 14,678,730 9,852,500 3,160,805 13,013,305 89% Franklin 75,801 14 12,507,165 1,466,900 230,000 1,696,900 14% Grandview/CAS 27,908 59 4,604,820 456,500 41,900 498,400 11%

Joaquin - - - - N/A - Lakeview 77,480 - 12,784,200 501,900 116,220 618,120 5%

Maeser - - - - N/A - Oakridge 43,992 28 7,258,680 687,500 66,000 753,500 10% Provost 58,479 59 9,649,035 5,616,400 2,183,091 7,799,491 81% Rock Canyon 69,883 44 11,530,695 7,561,300 2,024,825 9,586,125 83%

Spring Creek 70,720 6 11,668,800 502,800 106,080 608,880 5%

Sunset View 69,305 49 11,435,325 5,814,300 2,147,184 7,961,484 70% Timpanogos 69,247 - 11,425,755 501,900 103,870 605,770 5% Wasatch 45,702 59 7,540,830 4,971,200 2,303,304 7,274,504 96% Westridge 68,888 28 11,366,520 5,298,800 319,550 5,618,350 49%

Middle School Centennial 144,795 12 25,339,125 999,400 217,200 1,216,600 5% Dixon 124,276 77 21,748,300 7,361,900 3,838,139 11,200,039 51%

High School Independence 46,385 11 8,117,375 1,239,900 927,700 2,167,600 27% Provo 322,482 52 56,434,350 21,234,700 10,124,675 31,359,375 56%

Timpview 409,803 31 71,715,525 10,710,600 1,705,220 12,415,820 17%

Total 1,998,288 $ 340,195,280 $ 94,943,100 $ 31,565,311 $ 126,508,411

Financial Section 107 Provost Rock Canyon Oakridge Spring Creek Amelia Earhart Elementary Lakeview Westridge Canyon Crest Maeser Sunset View Centennial Middle School Edgemont Franklin Farrer Joaquin Timpanogos Grandview/CAS Wasatch Dixon Independence High School Provo Total Timpview - - 58,479 69,883 43,992 70,720 69,733 77,480 45,702 68,888 67,247 69,305 47,200 75,801 88,962 69,247 27,908 46,385 144,795 124,276 322,482 409,803 1,998,288 Current SQFT 6 59 44 28 10 59 28 25 49 53 14 12 59 11 77 52 31 - - Age in Years - - 9,649,035 7,258,680 7,540,830 7,788,000 4,604,820 8,117,375 11,530,695 12,784,200 11,668,800 11,366,520 11,095,755 11,435,325 14,678,730 12,507,165 11,425,755 25,339,125 21,748,300 56,434,350 71,715,525 $11,505,945 $340,195,280 Replacement Current Cost - - 687,500 501,900 502,800 456,500 501,900 999,400 5,616,400 7,561,300 4,971,200 5,298,800 4,059,200 5,077,200 5,814,300 9,852,500 1,466,900 1,239,900 7,361,900 $1,028,200 21,234,700 10,710,600 $94,943,100 Investment 10 YR 66,000 41,900

116,220 106,080 319,550 319,550 230,000 103,870 217,200 927,700 $104,600 2,183,091 2,024,825 2,303,304 1,525,398 2,147,184 3,160,805 3,838,139 1,705,220 10,124,675 $31,565,311 Seismic - - - - 753,500 618,120 608,880 498,400 605,770 7,799,491 9,586,125 7,274,504 5,618,350 4,378,750 6,602,598 7,961,484 1,696,900 1,216,600 2,167,600 $1,132,800 13,013,305 11,200,039 12,415,820 31,359,375 $126,508,411 Total Investment Replacement Cost %of N/A N/A 10% 81% 83% 96% 10% 49% 39% 89% 85% 11% 70% 14% 51% 27% 17% 56% 5% 5% 5% 5%

Financial Section 108 Timpanogos Sunset View Rock Canyon Provost Lakeview Franklin Edgemont Canyon Crest Amelia Earhart School Projects Over $5,000 FY 2011-12 Capital Improvement List Description of school, restripe parkinglot) Address playground issues(drainage, repair grass, basketball standards, grassinfront Continue HVAC andcontrols upgrades HVAC Rooms toKindergarten New intercom andoutside bellsystem(perIT) Roofing repairs Continue HVAC andcontrols upgrades New carpetinthelast 4 classrooms Parking lotrepairs andreconfigure Landscape southfieldwithtrees to completethisproject) Seismic upgradetooldGymsectionofbuilding(tobecombinedwithFY11funding Continue HVAC andcontrols upgrades Replace 13year oldcarpet(entrancesonly) Continue HVAC andcontrols upgrades Add more exteriorlightsfor safety Overlay mainparkinglot Continue HVAC andControls upgrades(includingnew computer) Redo caulkwindows/down seamsontheoutsideofbuilding Playground equipmentupgrade. (D.O. matchupto$10k) : Short-term Continued onnextpage $7,000 $10,000 $30,000 $40,000 $20,000 $25,000 $40,000 $28,000 $10,000 $10,000 $25,000 $10,000 $24,000 $10,000 $25,000 $45,000 $10,000 $550,000 Approved Budget Board approved Financial Section June 14, 2011

FinancialOrganizational Section Section Financial Section

FinancialOrganizational Section Section 109 CONTINGENCY District Services CUE Independence Timpview High Provo High Dixon Westridge Wasatch School Projects Over $5,000 FY 2011-12 Capital Improvement List: Description TOTAL: Replace phonesystem-controls wholedistrict; (perChad) hard very togetparts Install Fire Alarm systeminnew office/shopspaces Enclose maintenanceparking, create new shopspace restrooms) &maintenanceareaRemodel oldtransportation intonew offices(includesHVAC & Major equipmentpurchases canopyConstruct front entry New furnaceand A/C for smallbuilding(includesasbestosabatement) Reconfigure restrooms (remove inportable entrancesfrom classrooms) uptofireHook portables alarmsystem Replace several exteriordoors(securityissue-continued) Critical HVAC upgrade(new chillerandcontrols system) Replace/repair majorconcrete issues C-Wing upgrades/remodel Continue HVAC andcontrols upgrades Replace flooringinsciencebuilding Replace asphaltinbusdrop-off Replace olddoorlevers/closers/hardware, andrekey entire building Construct canopy over MedicalCenterEntrance Install/upgrade ventilation systemindanceroom Install Intercom -tiedinto SystematCAS Westridge (Per IT) Continue HVAC andcontrols upgrades Continue HVAC andcontrols upgradesatCAS (w/ controls, valves, etc.) GTC -New 20-tonRTU -remove ongym oldboiler, installdomesticwaterheater Add additional lights-1infront parking, afew around backperimeter sideoffrontSidewalk onnorth parkinglot Short-term Approved Budget $2,300,000 $9,000 $7,000 $7,000 $7,000 $8,000 $7,000 $7,000 $8,000 $20,000 $35,000 $35,000 $35,000 $25,000 $10,000 $21,000 $20,000 $20,000 $15,000 $20,000 $20,000 $35,000 $10,000 $250,000 $250,000 $400,000 $100,000 Board approved Financial Section June 14, 2011

Financial Section Debt Obligations As of June 30, 2011 Financial Section Organizational Section Financial Organizational Section Financial

GENERAL OBLIGATION BONDS Current Series Purpose Original Amount Interest Rate Range Final Maturity Date Outstanding Balance

1998 Series G.O. Refunding Bonds Bond Refunding 4,950,000 3.40% to 4.15% June 15, 2013 1,015,000 2004 Series G.O. Refunding Bonds Bond Refunding 18,690,000 2.0% to 5.0 % June 15, 2017 13,260,000 2006 Series G.O. Bonds School Building 9,400,000 4% June 15, 2026 7,600,000 2007A Series G.O. Refunding Bonds Bond Refunding 8,220,000 3.807% June 15, 2015 3,832,000 2007B Series G.O. Bonds School Building 25,600,000 4.00% to 4.50% June 15, 2027 22,475,000 Total General Obligation Bonds Payable as of June 30, 2011 $ 48,182,000

LEASE AGREEMENTS

2010 Capital Lease Equipment $ 81,721.00 2.35% March 1, 2014 22,967

Total obligations under lease agreements, June 30, 2011 $ 22,967

COMBINED GENERAL OBLIGATION BONDS

Combined G.O Bonds Year Ending June Principal Interest Debt Service Fund 30

2012 4,339,000 2,078,522 6,417,522 2013 4,516,000 1,906,752 6,422,752 2014 4,701,000 1,727,698 6,428,698 2015 4,936,000 1,515,951 6,451,951 2016 5,240,000 1,293,563 6,533,563 2017-2021 11,225,000 4,121,688 15,346,688 2022-2027 13,225,000 1,943,063 15,168,063 $ 48,182,000 $ 14,587,235 $ 62,769,235

1Per GASB 45, Other Post Employment Benefits (OPEB) are now accounted for as a designated fund balance on the balance sheet, rather than as a liability. As of June 30, 2010, the balance was $12,498,244. This amount represents the full amount required to be on hand according to an analysis conducted by an independent actuarial firm.

Financial Section 110 Financial Section 111 COMBINED MATURITIES ON ALL LONG-TERMBORROWINGS COMBINED LEASE AGREEMENTS Lease Revenue Bond(QSCB) DriverVirtual Lease As ofJune 30, 2011 Debt Obligations: Continued Year Ending June Year EndingJune Year EndingJune Year EndingJune 2022-2026 2017-2021 2022-2027 2017-2021 2012 2012 2013 2016 2013 2015 2014 2014 2015 2013 2012 2013 2016 30 30 30 30 - - - - - 6,462,000 4,353,461 4,524,506 4,701,000 4,936,000 5,240,000 $6,462,000 19,687,000 11,225,000 $54,666,967 Present Value ofMinimum LeasePayments Present Value ofMinimum LeasePayments 14,461.20 14,461.20 8,505.71 8,505.71 Principal Principal Principal Principal Total Minimum LeasePayments Total Minimum LeasePayments Amount Representing Interest Amount Representing Interest 79,483 79,483 79,483 79,483 377,542 397,413 2,158,543 1,986,434 1,807,181 1,595,434 2,320,605 4,519,101 1,373,045 $1,172,368 $15,760,342 Interest Interest Interest Interest 538.80 199.54 538.80 199.54 Financial Section 8,705 8,705 15,000 15,000 - (738) (738) 79,483 23,705 79,483 79,483 79,483 23,705 $22,967 $22,967 397,413 6,839,542 6,512,004 6,510,940 6,508,181 6,531,434 6,613,045 $7,634,368 22,007,605 15,744,101 $70,427,309 Municipal Building Authority Fund General Fund General Fund Total

FinancialOrganizational Section Section

OrganizationalFinancial Section Section Financial Section

FinancialOrganizational Section Section 112 adjustments for redevelopment andanallowance for doubtfulcollections. 1 The approximate adjustedassessedvalue General Obligation Debt: 2011. in side ofthecitystarting August, the agingFarrer buildingontheeast Peaks Elementary, whichwillreplace accelerate theconstructionofProvo interest rate, makingitpossibleto to theDistrictatanextremely low mentioned previously, were available Stimulus Bill. These taxcredit bonds, ofthe2009Federal bonds aspart although itwasawarded $6.4 millionintaxcredit ofthisplan,obligation bondsuntil2017aspart District doesn’t anticipate the need to issue general of thisplanwasthepassingabondin2006. The year buildingreplacement plan. Part progressivevery increating a20- The current administrationhasbeen from buildingmaintenance. and attentionwere shiftedaway considered appropriate, aspriorities what thecurrent administration of someDistrictbuildingsfell below In theprevious decade, thecondition option topay for long-term assets. maintained. Long-termdebtisoftenthebest still must ensure buildingsare safe andproperly avoids excessive, debt, unnecessary theDistrict initsdebtpractices and Although itisconservative law. value ofProvo -farlessthanwhatisallowed by obligation debtisat1.6%oftheassessedmarket It wasnotedpreviously thattheDistrict’s general is approximately $153million($3.82billionx4%). meaning theDistrict’s generalobligationdebtlimit taxable properties inProvo is$3.82billion, Adjusted assessedvalueisthecombined residential andbusinessproperty value inthearea oftaxation(inthis caseProvo City) maintained.” buildings are safe andproperly the Districtstillmust ensure excessive, debt, unnecessary its debtpracticesandavoids in “Although itisconservative 1 of G.O. Debt Debt G.O. of(as Actual toLimit June 30, 2011), 2011), June 30, $62,769,235 $62,769,235

based based statute, on G.O. Debt Debt G.O. Limit $152,770,227 $152,770,227 students, andmindful whilealsobeingconservative District provides asafe learningenvironment for when repairs would costmore thanisfeasible, the properly maintainingbuildings, andreplacing buildings the learningenvironment theDistrictprovides. By sizes, lower teacherpay, etc. The mainreason for this go tothepublicfor abondelectionwon’t raiseclass debt onregular operations. For example, choosingto There isnodirect impactoftheDistrict’s current Impact ofDebtonOperations buildings intheDistrict. have stressed for safe theirsupport andmodern meetings andothercorrespondence, Provo citizens initiatives, community meetings, Board ofEducation Through thebondelection, publicsurvey onbudget this goal. referenced above, accomplishes year buildingreplacement plan, of taxpayers. The District’s 20 a negative impacton fall intodisrepair has to allow buildingsto however, ischoosing What canbesaid, the Generalfund. a separatetaxlevy than debt isfundedthrough is thefactthatlong-term Financial Section less

FinancialOrganizational Section Section Financial Section

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FinancialOrganizational Section Section 113 You wanted more choices. We delivered. Now teaching We Speak YourWe Speak Language Provo School District City greatOne program. 400 online courses. Provo CitySchoolDistrict 10 languages Outdoor Marketing Campaign, Summer2011 Facebook.com/eSchoolProvo eSchool Financial Section

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R I C T InformationalSection Provo SchoolDistrict” education more than of the importance children andunderstands school districtthatvalues “It’s hard toimagine a Former Mayor -Lewis Billings Provo City

115

Informational Section Informational Section Informational

Demographic and Economic Profile Provo - Utah County - Utah

Informational Section 116 Informational Section 117 P Provo: Past andPresent learning inthenationtoday. the largestchurch-affiliated institution ofhigher for bothitsacademicand athleticprograms, itis Young University. Attracting nationalattention Academy, thebeginningsoftoday’s Brigham 1875, thesettlersestablishedBrigham Young became amajorrailroad hubinthe1870s. In untilOgden second largestcityintheterritory permanent settlementin1849. Itbecamethe Mormon pioneersestablishedProvo asa and Provo Canyon are namedafterhim. successful mountainman, Provo City, Provo River, considered tobeaknowledgeable, skillful, and Highly admired by hiscontemporariesand Only Provost andafew ofhisentourageescaped. their weapons aside, theShoshoneattacked them. metallic objectsnearby. As Provost's men laid camp, butwere tolditwasbadlucktohave mountain menwere invited intotheShoshone they encountered a band of Shoshone Indians. The company intotheGreat Basin. While camping, have seentheGreat SaltLake. In1824heleda New Mexicoisperhaps thefirstwhitemanto trapper -working outof Taos inpresent-day Utah Valley. EtienneProvost -aFrench-Canadian many furtrappers andtradershuntedbeaver in During thefirstdecadesof19thcentury, settlement inthearea. to establishpermanent elsewhere, they failed on colonizationefforts due totheSpanishfocus Valley in1776. However, the area, entered Utah American Indianstovisit Fathers EscalanteandDominguez, thefirstnon- and toobtainfish, food source. theirprimary both for protection from tribes northeastern The UtessettledinvillagesclosetoUtahLake was home to part oftheUteIndiantribe.was hometopart just southofSaltLake Citythattraditionally rovo CityissituatedinUtah Valley, anarea county seat of Utah County” 43 square miles, Provo isthe 112,000 andalandarea of “With apopulationof throughout boththe winter andsummermonths. its residents superiorrecreational opportunities proximity tothemountainsandUtahLake gives population densitiesinthestateofUtah. Itsclose offices andcourts. Italsohasoneofthehighest seat ofUtahCountyandhometothecounty mayor-council form of government, isthecounty area of43square miles, Provo, whichusesa With apopulationofover 112,000andaland operate until1932. Mills experiencedebbsandflows, continuing to of thembeingexported. The Provo Woolen shawls, yarns, andflannelswithaboutone-third looms. Itspecializedinheavy woolens; blankets, Provo turnedtoyoung women factory torunthe laborers from Britishtextilefactories. Later, the the Provo Woolen Millsopenedin1872asUtah's Provo River tosupply waterandpower toaplant, climate andamillsitewasreadily available onthe Provo Woolen Mills. Sincesheepthrived inUtah's and government. Onebustlingexampleisthe as Utah Valley's centerofindustry, commerce, Throughout thecity'shistory, Provo hasserved were skilledimmigrant Many ofitsworkers upwards of150people. completion, itemployed construction and, upon donations paidfor its LDS Church andprivate first largefactory. The Informationa l Section

Informational Section Provo: Past and Present Continued

With a population of more than 112,000, Provo is located in north-central Utah, approximately 45 miles south of Salt Lake City. Provo is the county seat of Utah County, which has seen explosive growth in recent years. In 2000, Section Informational the U.S. Census Bureau counted Utah County’s population at 368,536. The Wasatch Front 2010 U.S. Census indicated that Utah County’s population had grown to 516,564.

Utah County is part of what is referred to as the Wasatch Front, which is made up by Weber, Davis, Salt Lake and Utah Counties. With approximately 2.3 million residents, the Wasatch Front accounts for 80% of Utah’s population.

Although Provo City continues to grow at a moderate pace, the percentage of Utah County residents residing in Provo continues to decrease as the northern and southern parts of the county are seeing explosive growth. In 2000, Provo made up 29% of the county population. But in 2010, Provo made up less than 22% of the population – even though Provo had grown at a moderate rate during this period. In addition, the percentage of Provo residents enrolled in the Provo School District continues to fall, as more college-age students move into the area and areas of the city gentrify. Approximately 12 out of every 100 Provo residents is a student in the Provo School District, compared with 22 out of 100 in Alpine School District.

Source: District data, Provo City, US Census Bureau

Utah County Area

Informational Section 118 Informational Section 119 to in-migration. on accountofstrong naturalincrease inaddition growth ataratehigher thanmoststatesin2011 Utah willcontinue toexperiencepopulation nation from 2000to2010. growth. Utahgrew more thantwiceasfast the ranking Utahthird amongstatesinpopulation increase of530,716people, or23.8%from 2000, was 2,763,885. This represents apopulation Population -Utah’s 2010totalpopulationcount Economic Indicators include: economic environment play arole intheState’s of Utahhighlightsthat Some notableState property. of real andpersonal against thetaxablevalue Fund andisapplied the Uniform School rate islevied tofinance statewide property tax education. Additionally, a be usedfor higher revenues couldalso providing thatthese voters inUtahapproved aconstitutionalchange required tobeusedfor publiceducation. In1996, based onincomehave beenconstitutionally public educationstatewide. Since1947, alltaxes 1938 andisusedtoensure equitablefundingfor School Fundwasestablishedconstitutionally in General fundrevenues. The UtahStateUniform will provide 49%oftotalrevenues, and61%of dependent onstateaid, whichfor FY2012 The economicoutlookoftheDistrictisheavily Utah EconomicEnvironment $10,000 $10,000 $12,000 $14,000 $16,000 $18,000 $2,000 $2,000 $4,000 $6,000 $8,000 $0 $0 $5,683 $5,683 UT 2007 2007 Data; U.S. Census Report Issued 2009 $6,625 $6,625 ID the previous year. Utah publicschools, anincrease of25,000from there were approximately 600,000 studentsin Public SchoolEnrollment -InOctober2010, million in2050, and6.8millionin2060. 2020, 4.4millionin2030, 5.2 millionin2040, 6.0 population isprojected toreach 3.7million in Long-Term Projections Coast. many otherstates, thoseontheEast particularly difficult tofundeducationatthesamelevels of age children totaxpaying adultssimply makes it top fundingpriority. The largeratioofschool- Governor andlegislature bothmakingittheir public educationthelastfew years -thecurrent spending, buttheStatehasinvested heavily in inper-pupilthe rest ofthecountry education As evidenced below, by thechart Utahlagsbehind Per Student Spending $7,113 $7,113 TN $14,324 $14,324 DC -Thestate’s $15,691 $15,691 NJ Informationa $15,981 $15,981 NY l Section

Informational Section Economic Indicators Continued

Employment Change – Utah’s nonagricultural Average Annual Pay – Utah’s average annual pay Section Informational employment increased an estimated 1.5%, or 17,400 grew 1.6% to reach $38,663 in 2010. Annual pay is jobs, between May 2010 and May 2011. Nationally, forecast to increase 2.1% to $39,491 in 2011. Average employment increased 0.7%, or 870,000 jobs, from annual pay for the nation in 2010 was $49,336 and is May 2010 to May 2011. forecast to be $50,944 in 2011, increase of 3.3%.

Unemployment – Utah’s unemployment rate Total Personal Income – Utah’s total personal was 7.3% during May 2011, down from the May income reached $93.8 billion in first quarter of 2011. 2010 unemployment rate of 7.8%. The national Percent change of 5.1% from first quarter 2010 was unemployment rate was 9.1% in May 2011 lower than 17th in the nation. National change in personal income the May 2010 rate of 9.6%. over the same period was 4.7%.

Ntl. Res. & M ining 4.9%

-1.9% Construction

Manufacturing 3.0%

Trade, Trans., Utilities 1.9%

Information 2.9%

-1.5% Financial Activity

Prof. & Bus. Serv. 6.3%

Ed. & Health Serv. 1.9%

-1.1% Leisure & Hospitality

Other Services 5.0%

-1.2% Government

Total 1.5%

-3.0% -2.0% -1.0% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0%

Source: 2011 Economic Outlook, State of Utah Governor’s Office

Existing Home Prices First Quarter 2011 Over First Quarter 2010 Home Prices – According to the MSA Median Sales Price Percent Change Federal Housing Finance Agency (FHFA) Logan, UT-ID MSA $ 125,760 -4.8% House Price Appreciation Ranking, Utah’s Salt Lake City, UT MSA $ 187,860 -7.1% house prices were down 7.1% in the first Ogden-Clearfield, UT MSA $ 135,830 -4.0% quarter of 2011 from first quarter of Provo-Orem, UT MSA $ 134,540 -1.9% 2010. This ranks Utah 39th in the nation. St. George $ 119,020 -4.8% Utah $ 147,930 -5.2% U.S. $ 168,980 -4.2%

Informational Section 120 Informational Section 121 1970-2010 Historical Populations Comparison: UtahCountyandProvo City 100,000 200,000 300,000 400,000 500,000 600,000 1970-2010 Historical Populations: 2010 2009 2008 2007 2006 2005 2004 2000 1994 1993 1990 1980 1970 Year with earlierestimates smoothing occurred tomatch2010Censusdata Sources: Provo CityandU.S. Census; some 0 9018 9019 1994 1993 1990 1980 1970 124,496 122,151 119,850 117,592 116,217 115,135 111,718 105,439 94,210 92,630 86,835 74,111 53,131 Provo Utah County 002004 2000 Utah CountyandProvo City 516,564 515,000 515,000 501,447 475,425 456,073 437,627 371,894 405,977 300,447 265,766 220,000 139,300 Utah Utah County Provo 2005 2006 2007 Utah’s mostlivableandwell-planned cities. grown atamoderatepace, makingitoneof County hasgrown dramatically, Provo has 2000 to2009. As thepopulationofUtah County added nearly 200,000residents from According totheU.S. CensusBureau, Utah 082009 2008 2010 Informationa l Section

Informational Section Birth Rates: Utah County - Utah - U.S. 1995-2009 (most recent year available) Informational Section Informational

Year Utah County Utah US

1995 19.8 14.6 25.56

1996 20.6 14.4 26.07

1997 20.5 14.2 26.02

1998 21.1 14.3 26.77

1999 21.1 14.2 27.36

2000 21.1 14.4 26.77

2001 20.8 14.1 26.21

2002 20.8 13.9 26.08

2003 20.6 14.1 25.38

2004 20.5 14 25.03

2005 20.2 14 24.81

2006 20.4 14.2 24.66

2007 20.4 14.3 24.50

30

25

20

15

10 Utah County Utah 5 US 1Rates are per 1,000 people. 0 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Source: Utah Department of Health, “Utah’s Vital Statistics: Births and Deaths, 2008”;

Informational Section 122 Informational Section 123 Provo: Information and Attractions • • • • • • • •

WinterFest inDowntown Provo andSummer Sundance SkiResort Theater Provo River World Class Trout Fishing&theUintamountainrange One ofthenation'sbiggestIndependenceDay celebrations Home ofthefamousSundanceFilmFestival andSummer Theater Hiking, fishing, inthecountry andthemostspectacularscenery America's Freedom Festival A family celebrationoftheholidays includingFirstNight Points ofInterest andSpecial Events Provo Compared toUtahState Average state average. average. Percentage ofpopulationwith abachelor'sdegree orhigher Number ofcollegestudents House age Length ofstay sincemoving in Renting percentage Foreign-born populationpercentage Median age Hispanic racepopulationpercentage below stateaverage. significantly below stateaverage. above stateaverage. significantly above significantly below stateaverage. significantly above significantly above stateaverage. stateaverage. state above

Golf Courses(within15min.) Recreation Skate Park Ice Rinks Public Parks Softball Complexes Public Tennis Courts Live Theatrical Venues Museums Culture Source: Provo City

(www.provo.org)

Informationa

l Section 10 32 37 1 2 5 14

8

Informational Section Largest Employers: Provo, Largest Taxpayers in Utah County Informational Section Informational Largest Employers in Provo City 2010 (most recent year available)

Company Name Employees1 Type of Company Brigham Young University 15,000-19,999 Education Utah Valley Regional Medical Center 2,000-2,999 Health Care Novell 1,000-1,999 Information Provo School District 1,000-1,999 Educational Services Utah County 500-999 Government Ancestry.com 500-999 Information Nuskin International 500-999 Wholesale Nutraceutical Provo City 500-999 Government Utah State Hospital 500-999 Health Care

Source: Provo City (www.provo.org)

Largest Taxpayers in Utah County 2007 (most recent year available)

Percent of District's Taxable Assessed Total Taxable Value Taxpayer Value Rank (1) Micron Technology Inc. 162,088,614 1 3.44% Pacificorp 154,055,407 2 3.27% Kern River Transmission Co. 101,057,476 3 2.14% Qwest Communications 80,195,236 4 1.70% Questar Gas 72,122,754 5 1.53% Novell 67,000,000 6 1.42% University Mall Shopping Center 55,649,327 7 1.18% Anderson Geneva LLC Et Al 44,564,400 8 0.94% Wal-Mart 41,924,953 9 0.89% Cabela's Retail Inc. 38,157,004 10 0.81%

Excludes motor vehicles Source: Utah County Assessor's Office and State Tax Commission

Informational Section 124 Informational Section 125 Unemployment RateHistory: 2000-2011 (some2011dataunavailable; rateisasofMay) Employment Statistics: Year 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 - 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

2000 Labor Force

2001 180,176 182,734 185,759 189,181 196,983 203,741 212,422 220,138 225,889 221,313 217,503

2002 Employment 2003 Data unavailable

2004 174,879 175,283 175,179 179,388 187,599 195,690 206,498 214,747 218,981 207,498 201,787 Utah County 2005 Unemployment 2006 Utah County 2007 10,580 13,815 15,716 5,297 7,451 9,792 9,384 8,050 5,924 5,391 6,908 2008

2009 Unemployment 2.94 4.08 5.71 5.17 4.78 3.96 2.78 2.45 3.06 7.00 6.20 7.50

2010 Rate % 2011 Informationa l Section

Informational Section Assessed Market Value of Property: Provo City 2003-04 to 2009-10 Informational Section Informational 2011-12 Estimated Assessed Value*: $6,000,000,000 $3,960,000,000

$5,000,000,000

$4,000,000,000 $4,887,984,782 $4,887,984,782 $4,717,762,297 $4,717,762,297

$3,000,000,000 $4,250,537,208 $3,883,034,322 $3,883,034,322 3,819,255,687 3,819,255,687 $3,579,680,617 $3,579,680,617 $3,573,893,056 $3,573,893,056 $3,158,130,838 $3,158,130,838

$2,000,000,000

$1,000,000,000

$0 2010-11 2009-10 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04

Source: Utah County Auditor

Explanation of Property Tax *Based on District and USOE estimates Schedules on Following Pages

The detailed property tax schedules on the following two pages are formatted as the District is required to report them to the State of Utah. For readability reasons, the schedule is divided up into two pages. The first Year Assessed Valuation Percent schedule contains tax rates and actual receipts for the Change fiscal years 2006, 2007 and 2008. The second schedule contains tax rates and anticipated and/or budgeted 2010-11 3,819,255,687 -0.1014652 amounts for fiscal years 2009, 2010 and 2011. The last 2009-10 $4,250,537,208 -13.00% schedule contains detailed tax information for the 2008-09 $4,887,984,782 3.60% budget year, 2012. Revenue received from various fees 2007-08 $4,717,762,297 21.50% and redemptions are reported on this schedule but are not subject to a tax rate. 2006-07 $3,883,034,322 8.60% 2005-06 $3,573,893,056 -0.20% Property taxes are determined by multiplying home 2004-05 $3,579,680,617 13.30% value by the tax rate. However, residential properties 2003-04 $3,158,130,838 n/a receive a 45% exemption, meaning homeowners pay taxes based on 55% of the actual value property. Businesses do not receive this exemption.

Informational Section 126 Informational Section 127 FY 2006to2008 Property Tax: LEVY TOTALS - ALL FUNDS Vehicle Fees inLieuof Tax (NonK12) Voted Leeway Basic Program Vehicle Fees inLieuof Tax (DebtService) Tax SalesandRedemptions&Other(NonK12) Transportation Board Leeway (ClassSizeReduction) Tax SalesandRedemptions&Other(DebtSvc) Tort Liability Board Leeway (ReadingProgram) Vehicle Fees inLieuof Tax Cap Found Recreation Vehicle Fees inLieuof Tax 10%Basic Gen ObligDebt Tax SalesandRedemptionsCap Foundation Capital Outlay Foundation Tax SalesandRedemptions10%ofBasic 10% ofBasicCapital Redemptions -BasicLevy Redemptions - Voted Leeway Vehicle Fees inLieuof Tax Basic Redemptions - Tort Liability Redemptions -Special Transportation Vehicle Fees inLieuof Tax - Voted Leeway Vehicle Fees inLieuof Tax - Tort Liab. Vehicle Fees inLieuof Tax -Sp. Trans. Rates andCollections

TAX RATE 0.006124 0.000860 0.001720 0.000120 0.000400 0.000075 0.000000 0.000320 0.001003 0.000568 0.001058 FY 2006 ------79,199 19,031 30,048 32,051 52,084 264,186 137,344 431,756 402,646 248,434 251,403 234,391 458,851 135,073 426,685 213,342 740,188 369,593 2,883,627 1,612,588 1,073,691 3,363,888 1,957,564 3,505,937 $5,768,256 $24,691,856 REVENUE ACTUAL TAX RATE 0.006147 0.001515 0.001034 0.000113 0.000000 0.000400 0.000071 0.000302 0.001201 0.000435 0.001076 FY 2007 - - 76,102 ------32,522 - 54,473 - - - 30,737 - 49,575 - 248,760 199,813 516,932 383,752 284,769 241,141 256,440 445,766 536,899 413,193 538,662 662,428 429,873 3,655,014 1,358,300 1,061,800 4,198,811 1,530,001 3,784,555 $5,623,849 $26,614,167 REVENUE ACTUAL - TAX RATE 0.005239 0.001311 0.000877 0.000096 0.000339 0.000060 0.000256 0.001018 0.000369 0.000913 Informationa FY 2008 ------33,691 79,654 18,144 29,035 53,914 284,079 147,910 316,749 388,651 588,176 242,866 213,199 527,509 114,814 399,913 370,933 742,603 688,791 3,581,024 1,656,900 1,066,236 4,239,950 1,536,878 3,802,626 $5,353,161 $26,477,406 l Section REVENUE ACTUAL -

Informational Section Property Tax: Rates and Collections FY 2009 to FY 2011 Informational Section Informational Section Organizational Section Informational

FY 2009 FY 2010 FY 2011 ACTUAL AMOUNT AMOUNT LEVY TAX RATE REVENUE TAX RATE BUDGETED TAX RATE ANTICIPATED Basic Program 0.001250 $ 5,294,800 0.001433 $ 5,960,624 0.001495 $ 6,063,234 Voted Leeway 0.001275 5,675,765 0.001346 5,598,744 0.001340 5,434,604 Board Leeway (Class Size Reduction) 0.000214 1,157,100 0.000226 940,057 0.000392 1,589,825 Board Leeway (Reading Program) 0.000121 529,989 0.000121 503,304 0.000121 490,737 Transportation 0.000093 422,359 0.000098 407,365 - - Tort Liability 0.000058 262,620 0.000061 253,732 - - Recreation 0.000249 1,101,302 0.000132 549,060 0.000132 535,349 Gen Oblig Debt 0.001242 5,491,824 0.001307 5,436,522 0.001317 5,341,324 Capital Outlay Foundation 0.000828 3,659,895 0.00093 3,868,374 0.000982 3,982,673 10% of Basic Capital 0.000884 3,910,262 0.000493 2,048,575 0.000464 1,881,833 10% of Basic Operating - - 0.000492 2,048,574 0.000463 1,877,778 Redemptions - Basic Levy - 314,494 - 586,339 - 631,171 Redemptions - Voted Leeway - 337,311 - 550,741 - 565,732 Redemptions - Board Leeway - 56,549 - 92,472 - 165,498 Redemptions - Special Transportation - 25,261 - 40,099 - - Redemptions - Tort Liability - 16,099 - 24,959 - - Redemptions - Reading Levy - 31,779 - 49,509 - 51,085 Redemptions - 10% of Basic - - - - 195,473 Vehicle Fees in Lieu of Tax Basic - 584,343 - 583,281 - 594,227 Vehicle Fees in Lieu of Tax Board Leeway - 105,162 - 91,990 - 155,811 Vehicle Fees in Lieu of Tax - Voted Leeway - 627,003 - 547,869 - 532,619 Vehicle Fees in Lieu of Tax - Sp. Trans. - 46,480 - 39,889 - - Vehicle Fees in Lieu of Tax - Tort Liab. - 29,180 - 24,829 - - Vehicle Fees in Lieu of Tax - Reading - 58,432 - 49,251 - 48,095 Vehicle Fees in Lieu of Tax - 10% of Basic - - - - - 184,032 Vehicle Fees in Lieu of Tax (Non K-12) - 121,489 - 53,729 - 52,467 Tax Sales and Redemptions & Other (Non K-12) - 65,189 - 54,010 - 55,729 Vehicle Fees in Lieu of Tax (Debt Service) - 606,260 - 531,995 - 523,477

Tax Sales and Redemptions & Other (Debt Svc) - 326,296 - 534,784 556,021 - Vehicle Fees in Lieu of Tax Cap Found - 371,608 - 400,929 - 414,588 Vehicle Fees in Lieu of Tax 10% Basic - 464,263 - 378,542 - 195,895 Tax Sales and Redemptions Cap Foundation - 200,097 - 403,031 - 390,322 Tax Sales and Redemptions 10% of Basic - 249,382 - 380,527 - 1,84,429

TOTALS - ALL FUNDS 0.006214 $ 32,142,593 0.006639 $ 33,033,706 0.006706 $ 32,694,028

Informational Section 128 Informational Section 129 Tax SalesandRedemptions10%ofBasic Tax SalesandRedemptionsCap Foundation Vehicle Fees inLieuof Tax (59-2-405)10%Basic Vehicle Fees inLieuof Tax (59-2-405)Cap Found 10% ofBasic(53A-17a-145)Capital Capital Outlay Foundation (53A-21-101thru105) Tax SalesandRedemptions&Other Vehicle Fees inLieuof Tax (59-2-405) Gen ObligDebt(11-14-19/53A-17a-145/53A-21-103) Tax SalesandRedemptions&Other Vehicle Fees inLieuof Tax (59-2-405) Recreation (11-2-7) Vehicle Fees inLieuof Tax -10%ofBasic Vehicle Fees inLieuof Tax -Reading Vehicle Fees inLieuof Tax (59-2-405)- Tort Liab. Vehicle Fees inLieuof Tax (59-2-405)-Sp. Trans. Vehicle Fees inLieuof Tax - Voted Leeway Vehicle Fees inLieuof Tax Board Leeway Vehicle Fees inLieuof Tax (59-2-405)-Basic Redemptions -10%ofBasic Redemptions -ReadingLevy Redemptions - Tort Liability Redemptions -Special Transportation Redemptions -Board Leeway Redemptions - Voted Leeway Redemptions -BasicLevy 10% ofBasic(53A-17a-145)Operating Tort Liability(63-30-27) Transportation (53A-17a-127) Board Leeway (53A-17a-151)(ReadingProgram) Board Leeway (53A-17a-134)(ClassSizeReduction) Voted Leeway (53A-17a-133) Basic Program (53A-17a-135) LEVY FY 2012 Property Tax: TOTALS - ALL FUNDS Rates andCollections 0.000576 0.007153 0.000250 0.001399 0.000600 0.000602 0.000080 0.000100 0.000121 0.000400 0.001434 0.001591 ------TAX RATE FY 2012 2,200,000 5,343,000 2,292,000 2,299,000 1,528,000 5,477,000 6,076,000 32,816,000 98,000 94,000 46,000 30,000 38,000 47,000 31,000 39,000 225,000 218,000 955,000 547,000 528,000 234,000 227,000 227,000 151,000 542,000 601,000 235,000 156,000 560,000 622,000 306,000 382,000 462,000 ANTICIPATED AMOUNT Informationa l Section

OrganizationalInformational Section Section Informational Section

OrganizationalInformational Section Section 130 2005-06 to2010-11 Property Taxes: Year Taxes per$1,000ofvalue: DistrictProperty Taxes District Total Tax Rate ResidentialExemption Home Value Assessed Value Year Taxes per$1,000ofvalue: DistrictProperty Taxes District Total Tax Rate Assessed Value Business Value tial properties inProvo, althoughresidential properties receive a45%exemption (discussedpreviously). Basis of Tax Rate the valueusedby UtahCountyas average. Note: For comparabilitypurposes, $250,000isusedasthehomeandbusinessvaluefor allfive years, asthisis .007153, or$983.54 On a$250,000home, 2011-12property tax attributable totheDistrictwould be: $250,000x0.55 increase inbudgetedDistrict property taxrevenue. Increases intotaltaxes perproperty are the result ofsubstantialdecreases inproperty valuesandnotan or $1,788 On a$250,000business, 2011-12property taxattributabletotheDistrictwould be: $250,000x.007153, , anincrease of$111when compared to2010-11(seetableandnoteabove). : The overall taxrateisa%thatmultiplied by theassessedvaluesofbusinessandresiden , anincrease of$61.46when compared to2010-11(seetableandnoteabove). Impacton Taxpayers 2006-07 2006-07 SIMPLE PROPERTY TAX DETERMINATION Residential: $6.15 $1,537 250,000 250,000 $250,000 $137,500 0.006147 0.006147 Business: $845.21 $3.38 45% 2007-08 2007-08 $5.24 $1,310 250,000 250,000 Assessed Home Value x0.55 Tax Rate Assessed Business Value x Tax Rate $250,000 $137,500 0.005239 0.005239 $720.36 Residential $2.88 Business 45% 2008-09 2008-09 $6.21 $1,554 250,000 250,000 $250,000 $137,500 0.006214 0.006214 $854.43 $3.42 45% 2009-10 2009-10 $6.64 $1,660 250,000 250,000 $250,000 $137,500 0.006639 0.006639 $912.86 $3.65 45% 2010-11 2010-11 $6.71 $1,677 250,000 250,000 $250,000 $137,500 0.006706 0.006706 $922.08 $3.69 45% 2011-12 2011-12 $7.15 $1,788 250,000 250,000 $250,000 $137,500 Informationa 0.007153 0.007153 $983.54 $3.93 45% l Section -

Informational Section Property Taxes: Levy Comparison 2010-11 to 2011-12 Informational Section Informational The majority of local funding consists of revenue from 13 different taxes that a local school board may levy. Each district must impose a minimum Basic property tax levy and contribute the proceeds of that levy to the cost of providing educational services. The more Basic Levy revenue collected, the less state funding –from the Uniform School Fund – is required.

Property Taxes by Levy - FY 2011 to FY 2012 FY 2011 FY 2012 Change

Basic Program (53A-17a-135) 0.001495 0.001591 0.000096 Voted Leeway (53A-17a-133) 0.001340 0.001434 0.000094 Board Leeway (53A-17a-134) (Class Size Reduction) 0.000392 0.000400 0.000008 Board Leeway (53A-17a-151) (Reading Program) 0.000121 0.000121 - Transportation (53A-17a-127) - 0.000100 0.000100 Tort Liability (63-30-27) - 0.000080 0.000080 10% of Basic (53A-17a-145) Operating 0.000463 0.000602 0.000139 Recreation (11-2-7) 0.000132 0.000600 0.000468 Gen Oblig Debt (11-14-19/53A-17a-145/ 53A-21-103) 0.001317 0.001399 0.000082 Capital Outlay Foundation (53A-21-101 thru 105) 0.000982 0.000250 (0.000732) 10% of Basic (53A-17a-145) Capital 0.000464 0.000576 0.000112

TOTALS - ALL FUNDS 0.006706 0.007153 0.000447

Levy Comparison: 2010-11 to 2011-12

0.0018 0.0016 0.0014 0.0012 2010-11 0.001 2011-12 0.0008 0.0006 0.0004 0.0002 0

Informational Section 131 Informational Section 132 AverageLevies previously). and residential properties in Provo, although residential properties receive a 45% exemption (discussed Basis of Tax Rate 2010-11 Property Taxes: No.Sanpete Washington No.Summit So.Sanpete So.Summit Duchesne BoxElder Park City Park Salt Lake Salt Wasatch Canyons San Juan San Garfield Daggett Granite Carbon Morgan Murray Weber Wayne Tooele Beaver Millard Sevier Ogden Uintah Jordan Alpine Emery Grand Cache Provo Logan Tintic Nebo Davis Kane Piute Rich Iron Juab : The overall taxrateisa%thatmultiplied by theassessedvaluesofbusiness District RateComparison 0.003694 0.003694 0.004287 0.004287 0.004353 0.004353 0.004360 0.004360 0.004606 0.004606 0.005609 0.005609 0.005892 0.005892 0.005929 0.005929 0.006109 0.006109 0.006231 0.006231 0.006261 0.006261 0.006267 0.006267 0.006290 0.006290 0.006300 0.006300 0.006358 0.006358 0.006371 0.006371 0.006434 0.006434 0.006442 0.006442 0.006464 0.006464 0.006468 0.006468 0.006485 0.006485 0.006526 0.006526 0.006583 0.006583 0.006706 0.006706 0.006746 0.006746 0.006793 0.006793 0.006883 0.006883 0.006885 0.006885 0.007677 0.007677 0.007804 0.007804 0.007860 0.007860 0.007868 0.007868 0.007930 0.007930 0.007980 0.007980 0.008032 0.008032 0.008060 0.008060 0.008175 0.008175 0.008220 0.008220 .007153 Provo 2011-12Rate: 0.008564 0.008564 0.008625 0.008625 0.009039 0.009039 0.009173 0.009173 Informationa l Section

Informational Section Basis of Budget Forecast: Revenues Informational Section Informational The following pages contain original budgets for FY The State of Utah is the District’s largest funding 2012 (budgets that have been approved by the Board source, and changes in available revenue from the of Education), and projected budgets for FY 2013 State impact the District more than changes in local through FY 2015. Budget projections are made using or federal revenue. a variety of assumptions. Past experience plays a large role in determining future revenues and expenditures. Federal Sources As a general rule, enrollment impacts revenues and expenditures more than any other factor. The local and The vast majority of the District’s federal revenues national economy also plays a large role. are included in the General fund, although there are a few federally-funded programs in the Non K-12 and Local Sources Food Services funds. The District expects a decrease in federal revenue of nearly $5 million in FY 2012, For FY 2012, the District anticipates receiving due in large part to federal stimulus (ARRA) and approximately the same amount in property tax when EdJobs funding running out. The forecast assumes no compared to the final FY 2011 budget. After FY 2012, new federal stimulus money available after FY 2011. the District projects slight to moderate increases in property tax revenues, resulting from the possibility of Summary an increase to the District’s certified tax rate. Assessed property values are not anticipated to increase until Simply put, the District is adjusting to a new funding around 2014, but due to the volatility of the housing that includes less money from local, state and federal market it’s difficult to make any realistic projections sources. Besides applying for even more in federal regarding property values at this time. Another grants, it used to be that the only funding source that component of local revenue, return on investments, the District could directly exercise control over was is heavily dependent on market interest rates. Those revenue from local sources in the form of property rates are projected to increase very slightly in FY tax increases. 2012, with slight to moderate increases coming thereafter. In Utah today, legislation has made it increasingly possible to recruit other students from areas outside State Sources District boundaries to participate in the District’s online school (eSchool). This is one way to increase Revenues from state sources are projected to be enrollment and thereby bolster declining state up over $1 million in FY 2012 compared to FY revenues. It’s typically cheaper to educate an online 2011 levels, but this is very misleading. In reality, the student than a traditional student, but it’s more increase is due to anticipated eSchool growth and the expensive to recruit and enroll an online student. repalcement of federal funds that replaced state funds for one year. The budget forecast projects a slight increase in FY 2013, with slight growth again in fiscal years 2014 and 2015.

This forecast is based on the assumption that the recession has run its course, there will be no “double dip,” (a term that indicates a back-to-back recession) and a slow recovery is under way. These are only assumptions, and as of June 2011 a double dip recession is still a distinct possibility, especially with mounting concerns over U.S. debt levels.

Informational Section 133 Informational Section 134 2011. substantially completeby theendoffiscal year renamed Provo Peaks, andconstructionwas rebuilding Farrer Elementary. Farrer hasbeen million inFY2010topay ofthecost part (QSCB), for whichtheDistrictreceived $6.4 bill wasQualifiedSchoolConstructionBonds One largecomponentofthefederal stimulus decrease substantially. result, expenditures on suppliesandmaterialswill bill money (ARRA)ran out inFY2011. As a With someminorexceptions, federal stimulus Other Expenditures a nationalandDistrictlevel. growthhas faroutpacedsalary inrecent years on faster thansalariesisbecausehealthcare inflation second reason benefitcostsare projected torise will likely have topay alargerpercentage. The took abighitduringtherecession, anddistricts retirement system the StateofUtah’s two reasons: first, costs, mainly for outpace salary benefits costswill forecasts that The District fluctuates sowillcompensationcosts. resources onsalariesandbenefits. So, asfunding District spendsthemajorityofitsavailable revenues do. organization,As aservice the forward, expenditures willlikely increase as sources), expenditures willdecrease. Going due toeSchoolandshiftsfrom federal tostate will decrease inFY2012(withsomeexceptions With projections indicatingthatavailable funding Expenditures are baseduponavailable funding. Compensation Basis ofBudget Forecast: Expenditures next few years. will defineitssuccess over the adjust toanew level offunding “In short, theDistrict’s abilityto

” inflation through FY2012. It’s likely theDistrict projected toincrease atamoderatepacedueto Expenditures for suppliesandequipmentare relatively small-scaleprojects. are classifiedas “otherobjects,” willbelimitedto meaning mostcapital project expenditures, which will likely nothappen untilFY2017atthe earliest, building replacement-type constructionprojects Projecting forward intothenextfew years, large next few years. level offundingwill defineitssuccess over the In short, theDistrict’s abilitytoadjustanew before. school buseswillbescrutinizedeven more than purchases for everything from officesuppliesto salaries won’t riseasfastinyears past, and least for theperiodsforecasted, andasaresult Years ofheavy fundingincreases are likely over, at new, lower fundinglevel. years asaresult. large purchases over thenextfew will have todecrease and/ordelay District willhave toadjusta pages reflect thefactthat The forecasts onthefollowing Summary Informationa l Section

Informational Section Budget Forecast: General Fund FY 2012 through FY 2015 Informational Section Informational

SUMMARY - 10 GENERAL FUND

REVENUES BY SOURCE FY 2012 FY 2013 FY 2014 FY 2015 Total Local $ 23,608,617 $ 24,316,876 $ 24,912,000 $ 26,034,000 Total State 51,281,492 52,650,714 53,704,000 54,912,000 Total Federal 9,857,282 9,833,000 10,030,000 10,431,000 TOTAL REVENUES 84,747,391 86,800,590 88,646,000 91,377,000

EXPENDITURES BY OBJECT Salaries 51,847,726 51,866,000 52,266,000 52,527,000 Employee Benefits 23,486,639 24,191,000 24,675,000 25,539,000 Purchased Professional and Technical Services 3,398,726 3,399,000 3,433,000 3,467,000 Purchased Property Services 307,783 308,000 311,000 314,000 Other Purchased Services 859,739 860,000 869,000 878,000 Supplies 6,382,199 6,542,000 6,738,000 6,906,000 Property 597,875 592,000 608,000 624,000 Other Objects 713,546 749,000 775,000 798,000 TOTAL EXPENDITURES 87,594,233 88,507,000 89,675,000 91,053,000

EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) (2,846,842) (1,706,410) (1,029,000) 324,000 EXPENDITURES - OTHER FINANCING SOURCES (USES) AND OTHER ITEMS 20,000 28,000 35,000 43,000 - NET CHANGE IN FUND BALANCE (2,826,842) (1,678,410) (994,000) 367,000 - FUND BALANCE - BEGINNING (From Prior Year) 25,508,978 22,682,136 21,003,726 20,009,726 - Adjustments to Beginning Fund Balance (Attach Detail) - - - - - FUND BALANCE - ENDING 22,682,136 $ 21,003,726 $ 20,009,726 $ 20,376,726

Informational Section 135 Informational Section 136 EXPENDITURESBYOBJECT REVENUESBYSOURCE FY 2012through FY2015 Budget Forecast: Capital Projects Fund SUMMARY -32CAPITAL PROJECTS FUND 1 and transfer. InFY2012, thattransfer comesfrom theNonK-12fund, where theproperty taxes are levied for thatyear. The largeincrease inproperty taxes inFY2013, alongwiththe($2,000,000)inotherfinancinguses, fundtaxlevy istheBuildingReserve Adjustment toBeginning FundBalance(Add Explanation) -BEGINNING(From FUNDBALANCE Prior Year) NETCHANGEINFUNDBALANCE FUND BALANCE -ENDING FUNDBALANCE Total State Total Federal TOTAL EXPENDITURES TOTAL REVENUES EXPENDITURES EXCESS(DEFICIENCY)OFREVENUESOVER (UNDER) Purchased Property Services Purchased Professional and Technical Services Employee Benefits Salaries Other Purchased Services OtherPurchased Services Supplies OtherObjects Property Total Local OTHER FINANCINGSOURCES(USES) AND OTHER ITEMS ------(1,537,587) (1,537,587) 79,483 188,000 256,828 653,276 $699,669 2,237,256 5,427,587 3,890,000 3,000,000 1,250,000 $3,890,000 FY2012 (2,000,000) $6,260,000 ------(211,880) 699,669 189,880 266,000 666,000 850,000 $487,789 4,471,880 6,260,000 2,500,000 1,788,120 FY2013 1 1

------(2,000,000) 4,342,880 6,448,000 2,600,000 2,105,120 $6,448,000 487,789 105,120 189,880 277,000 676,000 600,000 $592,909 FY2014 Informationa (2,000,000) ------592,909 162,943 194,057 289,000 683,000 615,000 $755,852 4,446,057 6,609,000 2,665,000 2,162,943 $6,609,000 FY2015 l Section

Informational Section Budget Forecast: Student Activity Fund FY 2012 through FY 2015 Informational Section Informational

SUMMARY - 21 STUDENT ACTIVITY FUND

REVENUES BY SOURCE FY 2012 FY 2013 FY 2014 FY 2015 Total Local 3,380,705 $ 3,440,000 $ 3,560,000 $ 3,649,000 Total State - - - - Total Federal - - - - TOTAL REVENUES 3,380,705 3,440,000 3,560,000 3,649,000

EXPENDITURES BY OBJECT Salaries - - - - Employee Benefits - - - - Purchased Professional and Technical Services 318,720 324,000 332,000 337,000 Purchased Property Services 48,544 49,000 50,000 51,000 Other Purchased Services 650,147 662,000 679,000 689,000 Supplies 1,727,009 1,748,000 1,792,000 1,837,000 Property 10,500 11,000 11,000 11,000 Other Objects 585,902 596,000 611,000 620,000 TOTAL EXPENDITURES 3,340,822 3,390,000 3,475,000 3,527,000 - - EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) 39,883 50,000 85,000 122,000 EXPENDITURES

OTHER FINANCING SOURCES (USES) AND OTHER ITEMS - - - -

NET CHANGE IN FUND BALANCE 39,883 50,000 85,000 122,000

FUND BALANCE - BEGINNING (From Prior Year) 2,005,711 2,045,594 2,095,594 2,180,594

Adjustment to Beginning Fund Balance (Add Explanation) - - - -

FUND BALANCE - ENDING 2,045,594 $ 2,095,594 $ 2,180,594 $ 2,302,594

Informational Section 137 Informational Section 138 REVENUESBYSOURCE SUMMARY -31DEBTSERVICE FUND FY 2012through FY2015 Budget Forecast: Fund DebtService EXPENDITURESBYOBJECT 1 Includes one-timeproperty taxdecrease oifplannedspend-down ofthisfund. aspart FUND BALANCE -ENDING FUNDBALANCE Explanation) Adjustment toBeginning Fund Balance(Add Year) -BEGINNING(FromFUND BALANCE Prior Total Local TOTAL REVENUES OtherObjects Total State NET CHANGE IN FUND BALANCE NET CHANGEINFUNDBALANCE OTHER ITEMS OTHER FINANCINGSOURCES(USES) AND TOTAL EXPENDITURES (UNDER) EXPENDITURES EXCESS (DEFICIENCY)OFREVENUESOVER - - - (49,522) (49,522) 946,431 $962,715 6,467,522 6,418,000 6,467,522 $6,418,000 FY2012 $5,980,000 - - - (520,000) (520,000) 962,715 $442,715 6,500,000 5,980,000 6,500,000 FY2013 1

- - - (25,000) (25,000) 6,540,000 6,515,000 6,540,000 $6,515,000 442,715 $417,715 FY2014 - - - 5,000 5,000 417,715 $422,715 6,575,000 6,580,000 6,575,000 $6,580,000 FY2015 Informationa l Section

Informational Section Budget Forecast: Non K-12 Fund FY 2012 through FY 2015 Informational Section Informational

SUMMARY - 23 NON K-12 PROGRAMS FUND

REVENUES BY SOURCE FY 2012 FY2013 FY2014 FY 2015 Total Local $ 3,266,5381 $ 1,267,000 $ 1,273,000 $ 1,305,000 Total State 1,145,992 1,162,000 1,184,000 1,214,000 Total Federal 646,379 605,000 630,000 649,000 TOTAL REVENUES 5,058,909 3,034,000 3,087,000 3,168,000

EXPENDITURES BY OBJECT Salaries 1,919,885 1,920,000 1,949,000 1,983,000 Employee Benefits 653,032 676,000 703,000 735,000 Purchased Professional and Technical Services 80,900 37,000 38,000 40,000 Purchased Property Services 166,051 175,000 179,000 182,000 Other Purchased Services 15,534 19,000 20,000 22,000 Supplies 169,380 160,000 162,000 167,000 Property - - - - Other Objects 27,379 34,000 33,000 36,000 TOTAL EXPENDITURES 3,032,161 3,021,000 3,084,000 3,165,000

EXCESS (DEFICIENCY) OF REVENUES OVER 2,026,748 13,000 3,000 3,000 (UNDER) EXPENDITURES

OTHER FINANCING SOURCES (USES) AND (2,000,000)1 - - - OTHER ITEMS

NET CHANGE IN FUND BALANCE 26,748 13,000 3,000 3,000

FUND BALANCE - BEGINNING (From Prior - 26,748 39,748 42,748 Year)

Adjustment to Beginning Fund Balance (Add - - - - Explanation)

FUND BALANCE - ENDING $ 26,748 $ 39,748 $ 42,748 $ 45,748

1FY 2012 includes a tax levy of 2,000,000 and a transfer of (2,000,000) for the Building Reserve fund.

Informational Section 139 Informational Section 140 EXPENDITURESBYOBJECT REVENUESBYSOURCE FY 2012through FY2015 Budget Forecast: Fund BuildingReserve FUND BALANCE -ENDING FUNDBALANCE Explanation) Adjustment toBeginning Fund Balance(Add Year) -BEGINNING(From FUNDBALANCE Prior NET CHANGE IN FUND BALANCE NETCHANGEINFUNDBALANCE OtherObjects Property Purchased Property Services Purchased Professional and Technical Services Employee Benefits Salaries TOTAL REVENUES OVER (UNDER)EXPENDITURES EXCESS(DEFICIENCY)OFREVENUES TOTAL EXPENDITURES OTHER ITEMS OTHER FINANCINGSOURCES(USES) AND Total Local Total State ------5,940,240 2,000,000 2,000,000 $7,940,240 $- FY2012 ------7,940,240 2,000,000 2,000,000 $9,940,240 $- FY2013 ------$11,940,240 9,940,240 2,000,000 2,000,000 $- FY2014 ------11,940,240 2,000,000 2,000,000 $- $13,940,240 FY2015 Informationa - l Section

Informational Section Budget Forecast: Food Services Fund FY 2012 through FY 2015 Informational Section Informational

SUMMARY - 49 or 51 FOOD SERVICE FUND

REVENUES BY SOURCE FY 2012 FY 2013 FY 2014 FY 2015 Total Local $ 1,183,777 $ 1,242,966 $ 1,283,000 $ 1,328,000 Total State 577,500 606,375 639,726 690,904 Total Federal 3,428,790 3,515,000 3,550,000 3,628,000

TOTAL REVENUES 5,190,067 5,364,341 5,472,726 5,646,904

EXPENSES / EXPENDITURES BY OBJECT - Salaries 1,840,293 1,923,000 1,961,000 2,003,000 Employee Benefits 606,987 634,000 659,000 685,000 Purchased Professional and Technical Services 11,000 11,000 12,000 13,000 Purchased Property Services 136,168 118,000 121,500 126,000 Other Purchased Services 4,106 4,000 5,000 5,000 Supplies 1,997,271 2,127,000 2,170,000 2,224,000 Property 408,000 400,000 350,000 320,000 Other Objects 295,043 398,308 418,223 428,679

TOTAL EXPENSES/EXPENDITURES 5,298,868 5,615,308 5,696,723 5,804,679

EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENSES/EXPENDITURES (108,801) (250,967) (223,998) (157,775)

OTHER FINANCING SOURCES (USES) AND OTHER - - - ITEMS

NET CHANGE IN NET ASSETS / FUND BALANCE (108,801) (250,967) (223,998) (157,775)

NET ASSETS / FUND BALANCE - BEGINNING 1,860,995 1,752,194 1,501,227 1,277,229 (From Prior Year)

Adjustment to Beginning Net Assets/Fund Balance - - - -

NET ASSETS / FUND BALANCE - ENDING $ 1,752,194 $ 1,501,227 $ 1,277,229 $ 1,119,454

Informational Section 141 Informational Section 142 Combined G.OBonds COMBINED GENERALOBLIGATION BONDS GENERAL OBLIGATION BONDS As ofJune 30, 2011 Debt: GeneralObligation Bonds 2007B SeriesG.O. Bonds 2007A SeriesG.O. RefundingBonds 2006 SeriesG.O. Bonds 2004 SeriesG.O. RefundingBonds 1998 SeriesG.O. RefundingBonds Series Year EndingJune 2017-2021 2022-2027 2016 2015 2014 2013 2012 30 School Building Bond Refunding School Building Bond Refunding Bond Refunding Purpose 5,240,000 4,936,000 4,701,000 4,516,000 4,339,000 11,225,000 13,225,000 $48,182,000 Principal 25,600,000 8,220,000 9,400,000 18,690,000 4,950,000 Original Amount Total GeneralObligationBondsPayable asofJune 30, 2011 4,121,688 1,293,563 1,515,951 1,727,698 1,906,752 2,078,522 1,943,063 $14,587,235 Interest 4.00% to4.50% 3.807% 4% 2.0% to5.0% 3.40% to4.15% Interest RateRange 6,533,563 6,451,951 6,428,698 6,422,752 6,417,522 15,346,688 15,168,063 $62,769,235 Debt Service Fund Debt Service Final MaturityDate June 15, 2027 June 15, 2015 June 15, 2026 June 15, 2017 June 15, 2013 Informationa 3,832,000 7,600,000 1,015,000 22,475,000 13,260,000 $48,182,000 Outstanding Current Balance l Section

Informational Section Informational Section Informational

Statistics and Performance Measures Provo City School District

Informational Section 143 Informational Section 144 1,300 1,400 1,500 1,600 1,700 1,800 1,900 FY 2005to2012(proposed) Personnel Resource Allocation: 1 p Instruction Function Students Services Support Food Services InstructionalStaff Total full-timeequivalentpositions: Community Services General Administration School Administration BusinessandCentral Transportation OperationandMaintenance Other Support OtherSupport Some maintenanceandtechemployees reclassified toOther Support Proposed FY FY 2005 1,424 1,424 FY FY 2006 1,774 1,774 FY FY 2007 1,823 1,823 FY 2005

FY 2008 FY FY 2009 FY 2008 1,422 9 50 58 40 65 75 22 39 85 981 1,789 1,789 FY 2006

1,117 1,772 59 83 36 24 79 24 47 186 119 1,633 1,633 Full-time Equivalents FY 2010 FY 2011 FY FY 2012p FY 2011 FY 2010 FY 2007

1,141 1,822 54 91 33 24 80 25 50 173 152 1,564 1,564 FY 2008 1,148 1,789 52 90 38 20 74 22 11 60 135 139 1,519 1,519 1,531 1,531 FY 2009 1,000 1,634 1 52 92 40 16 74 20 44 146 148 recent years. substantially down whencompared to FTE levels inFY2012 willstillbe totheright,As indicatedinthechart design departments. andwebup holesinthetransportation Other increases are meantto shore and exceedStatereading mandates. literacy coacheswillbehired tomeet contracted by vendors), andsixnew mean two new FTEs(teachersare launching eSchool, whichinitially will by 12inFY2012. The District is Staffing levels are proposed toincrease FY 2010 1,564 1 51 82 41 15 70 26 46 984 100 148 FY 2011 Informationa 977 1,519 49 92 93 31 16 70 27 95 44 25 1 l Section FY 2012 1,531 984 26 50 92 93 32 17 70 26 95 46 p

Informational Section District Comparison: Where Provo City School District Fits In Informational Section Informational Utah is made up of 41 school districts. The total enrollment of K-12 students for Fall 2010, including Rank District Oct. 2010 charter schools, was approximately 600,000. With Enrollment nearly 13,400 students, Provo City School District is 1 Granite 68,573 the 12th largest district in Utah. 2 Alpine 66,044 3 Davis 66,019 Over the next several years, the school-age population in Utah is expected to grow dramatically, 4 Jordan 49,729 while in Provo it’s projected to remain relatively 5 Canyons 33,469 flat, with the exception of eSchool, Provo’s online 6 Weber 30,347 school. One reason for limited classroom growth is 7 Nebo 29,136 the fact that there is little available land in Provo, while neighboring school districts have much 8 Washington 25,671 more available land to grow on. This problem is 9 Salt Lake 23,960 compounded by the fact that Provo is a one-city, 10 Cache 15,409 urban school district, and new growth in the state in Tooele 13,439 recent years has typically been centered in suburban 11 areas on the periphery of major cities. 12 Provo 13,376

80,000 Utah School District Enrollment: October 2010 70,000

60,000

50,000

40,000

30,000

20,000

10,000

0 Juab Iron Rich Piute Kane Davis Nebo Tintic Logan Provo Sevier Cache Grand Alpine Emery Jordan Uintah Ogden Millard Beaver Tooele Wayne Weber Murray Morgan Carbon Granite Daggett Garfield San Juan San Canyons Wasatch Salt Lake Salt Park City Park Box Elder Box Duchesne Washington South Summit South South Sanpete South North Summit North North Sanpete North

Source: Utah State Office of Education

Informational Section 145 Informational Section 146 regarding enrollment projection methodsare available tothepublicthrough theDistrictBusinessOffice. and the Board of Education and management are given the results after that time. Information and documentation to get a more detailed analysis for the next year. Detailed analysis for the coming year is normally done in the fall, more detailed approach, using migration patterns, birth rates,years. future and for what enrollmentA is student referredexpected general to forecastas to survival rates,analysis regression simple is using also made used are figures are taken from gathered data enrollment from each 1 year. October reports Projections futurefor years Student enrollment is a driverprimary of state, federal and some local revenue for the District. These enrollment 1992-2015 (projected) Enrollment: 12,600 12,800 13,000 13,200 13,400 13,600 13,800 14,000 Year 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992

1992 Fall Enrollment

1993 13,103 13,177 13,298 13,241 13,438 13,486 13,674 13,544 13,487 13,616 13,706 13,565 1994

eSchool (projected) Projections andMethodology 1995 1996 1997 1998 1999

2000 Year

2001 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004

2002 Districtwide 2003 Fall Enrollment 2004 2005 13,921 13,811 13,686 13,651 13,481 13,376 13,241 13,288 13,083 13,272 13,273 13,359 2006 2007

2008 2009 Projected 2010 2011p eSchool. build and promote to District the by schools, and due to substantial marketing online efforts to relation in climate resulta favorableas very a of legislative surge to expected is enrollment online while 2015, through slightly decrease to expected is schools District many to in eSchool.Enrollment of result the projected be is (Districtwide) years five next the for growth future Most 2012p 2013p 2014p 2015p 0 100 200 300 400 500 600 700 800 900 1000 Informationa l Section

Informational Section Fall Enrollment: By School 2004-05 to 2011-12 (Projected) Informational Section Informational

Fall Enrollment is a census taken as of the first school day in October each school year, as required by the Utah State Legislature. It’s a major factor in determining the funding the District gets from the state as part of the Weighted Pupil Unit (WPU).

School 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12p

Amelia Earhart Elementary 645 600 598 537 549 569 560 549 Canyon Crest Elementary 557 549 524 519 497 469 487 470 Edgemont Elementary 494 499 464 467 455 505 525 530 Farrer Elementary1 425 422 433 468 439 412 366 n/a Franklin Elementary 532 528 509 575 571 544 521 509 Lakeview Elementary2 525 480 432 694 684 693 680 668 Provo Peaks Elementary1 n/a n/a n/a n/a n/a n/a n/a 420 Provost Elementary 442 435 420 421 428 434 438 415 Rock Canyon Elementary 583 613 602 600 635 580 600 594 Spring Creek Elementary 555 625 661 632 523 567 564 551 Sunset View Elementary 634 655 621 604 572 568 560 557 Timpanogos Elementary 529 608 541 588 601 621 629 604 Wasatch Elementary 587 615 621 635 644 704 774 779 Westridge Elementary 802 791 838 748 851 862 870 820 Centennial Middle 972 956 998 995 1,050 1,030 1,003 1,005 Dixon Middle 938 923 820 844 830 854 863 850 Provo High 1,936 1,935 1,858 1,716 1,745 1,696 1,705 1,698 Timpview High 1,715 1,715 1,800 1,732 1,826 1,822 1,900 1,909 Independence High 273 300 302 288 324 265 277 275 Center for High School Studies 21 23 41 41 44 3 2 2 Central Utah Enterprises - - - - 20 24 47 25 eSchool n/a n/a n/a n/a n/a 19 14 251 Total: 13,165 13,272 13,083 13,104 13,288 13,241 13,385 13,481

1Farrer closed at the end of the 2010-11 school-year and will reopen in 2011-12 as Provo Peaks Elementary. 2Lakeview was built in 2008. Previous school was Grandview.

Informational Section 147 Informational Section 148 ROCK CANYON PROVOST CENTENNIAL DIXON School LAKEVIEW WESTRIDGE FRANKLIN WASATCH FARRER TIMPANOGOS EDGEMONT Eschool@psd East Bay H.S. SUNSET VIEW CENTER FORH.S. COMP CANYON CREST SPRING CREEK INDEPENDENCE H.S. AMELIA EARHART PROVO H.S. TIMPVIEW H.S. 1 School October 1, 2010 Fall Enrollment: Source: Districtdata; auditedenrollment reportssubmittedtoState these data, pleaseseetheDistrict’s completeFallEnrollment report, available from theDistrictorUtahStateOfficeofEducation. Self-contained SpecialEducationenrollment figures are includedinfigures above forthepurposesofthis report. disaggregating Forfurther of K

By SchoolandGrade 107 109 140 106 89 70 80 91 78 87 58 90 81 7th

1st

500 447 104 128 147 110 70 63 88 51 79 75 83 96 78 44 - - - - 8th

2nd

503 416 102 124 136 101 60 63 54 90 90 87 63 77 85 13 3 - - -

9th

3rd

All gradescombined 112 532 441 56 95 80 91 53 83 63 84 60 82 79 81 9 - - - -

10th

4th Total Enrollment -Districtwide

122 494 426 67 92 77 85 36 87 64 80 77 73 51 88 89 2 - - -

11th

5th

144 442 391 63 96 68 96 43 67 85 68 70 83 83 82 96 - - - -

12th

6th

Informationa 131 131 432 390 59 84 65 79 38 86 66 79 47 76 63 67 74 - - - Enrollment Total Enrollment Total 1,003

1,900 1,705 13,385

l Section 438 680 870 521 774 366 629 525 560 487 564 277 560 600 863 14 47 2

Informational Section District Facilities Informational Section Informational Section Informational

Year Built/ Renovated Location/Site Substantially Square Footage Elementary Schools: Amelia Earhart 1999 69,733 Canyon Crest 1982 68,240 Edgemont 1955 47,200 Provo Peaks 2011 80,000 Franklin 1994 75,801 Center for Accelerated Studies 1949 69,546 Lakeview 2007 77,480 Provost 1949 56,799 Rock Canyon 1964 69,883 Spring Creek 2002 70,720 Sunset View 2007 69,305 Timpanogos 2008 69,247 Wasatch 1949 45,326 Westridge 1979 73,928

Secondary Schools: Centennial Middle School 1996 144,795 Dixon Middle School 1931 124,276

Provo High School 1956 325,842 Timpview High School. 1974 409,803 Independence High School 1992 48,121

Other: Oakridge 1979 43,992 District Office 1965 28,875

149 Informational Section Elementary Schools

Amelia Earhart Address: 2585 West 200 South Informational Section Informational Year built or substantially renovated: 1999 Square footage: 69,733 Projected FY 2012 enrollment: 549

Canyon Crest Address: 4664 N Canyon Road Year built or substantially renovated: 1982 Square footage: 68,240 Projected FY 2011 enrollment: 470

Edgemont Address: 566 East 3650 North Year built or substantially renovated: 1955 Square footage: 47,200 Projected FY 2011 enrollment: 530

Lakeview Address: 2899 West 1390 North Year built or substantially renovated: 2007 Square footage: 77,480 Projected FY 2011 enrollment: 668

Franklin Address: 350 South 600 West Year built or substantially renovated: 1994 Square footage: 75,801 Projected FY 2011 enrollment: 509

Informational Section 150 Informational Section 151 Projected FY2011enrollment: 557 Square footage: 69,305 Year builtorsubstantially renovated: 2007 Address: 525South1600 West Sunset View Projected FY2011enrollment: 551 Square footage: 70,720 Year builtorsubstantially renovated: 2002 Address: 1740SouthNevada Avenue Spring Creek Projected FY2011enrollment: 594 Square footage: 69,883 Year builtorsubstantially renovated: 1964 Address: 650East 2495North Rock Canyon Projected FY2011enrollment: 415 Square footage: 56,799 Year builtorsubstantially renovated: 1949 Address: 629South1000 East Provost Projected FY2011enrollment: 420 Square footage: 80,000 Year builtorsubstantially renovated: 2011 Address: 600East 100North Provo Peaks Informational Section

Informational Section Timpanogos Address: 449 North 500 West

Year built or substantially renovated: 2008 Section Informational Square footage: 69,733 Projected FY 2011 enrollment: 604

Wasatch Address: 1080 North 900 East Year built or substantially renovated: 1949 Square footage: 45,326 Projected FY 2011enrollment: 779

Westridge Address: 1720 West 1460 North Year built or substantially renovated: 1979 Square footage: 73,928 Projected FY 2011 enrollment: 820

Grandview Learning Center Address: 1591 North Jordan Avenue Year built or substantially renovated: 2008 Square footage: 26,000 Projected FY 2011 enrollment1

1Counted as part of Westridge Elementary in this budget document

Informational Section 152 Informational Section 153 Projected FY2011enrollment: 275 Square footage: 48,121 Year builtorsubstantially renovated: 1992 Address: Independence 636North Avenue Independence HighSchool Projected FY2011enrollment: 1,909 Square footage: 409,803 Year builtorsubstantially renovated: 1974 Address: 650East 3570North Timpview HighSchool Projected FY2011enrollment: 1,698 Square footage: 325,842 Year builtorsubstantially renovated: 1956 Address: University 1125North Avenue Provo HighSchool Projected FY2011enrollment: 850 Square footage: 124,276 Year builtorsubstantially renovated: 1931 Address: 750 West 200North Dixon Middle School Projected FY2011enrollment: 1,005 Square footage: 144,795 Year builtorsubstantially renovated: 1996 Address: 305East2320 North Centennial Middle School Schools Secondary Informationa l Section

Informational Section Per Pupil Expenditures FY 2011 compared to FY 2012 (excludes debt service and long-term capital projects) Informational Section Informational

FY 2011

Maintenance, Facilities and Recreation 13% Support FY 2011 Per 12% Student: $7,996

Administration /Central/Schools Instruction 9% 66%

FY 2012

Maintenance, Facilities and Recreation 13% Support 13% FY 2012 Per Student: $7,703 Administration /Central/Schools Instruction 9% 65%

For FY 2012, the District is budgeted to spend $7,703 per student - a decrease of $293 compared to FY 2011. This includes money spent on students for all expenditures, excluding long-term building construction and debt service. The District is budgeted to spend an additional $543 per student on long-term construction projects and debt service.

Informational Section 154 Informational Section 155 to have thelowest classsizespossible. public, andlow classsizesalways rank toProvo important” “very citizens, whichisonereason theDistrictstrives sizes play inacademicperformance. However, Provo CitySchoolDistricthasconductedmultiple surveys withthe Low classsizesare costly very tomaintain, andthedataare mixed whenitcomestodeterminingwhatrole class have, asamedian, higherclasssizesthanschooldistrictsinUtah. Provo CitySchoolDistricthassmallerclasssizesthanthemedianinStateofUtah. Interestingly, schools charter Median ClassSizes: StateofUtah FY 2010(mostrecent year available) 10.00 15.00 20.00 25.00 30.00 0.00 5.00

Alpine District Beaver District Box Elder District Cache District Carbon District Daggett District Davis District

Duchesne District Median ClassSizes inUtahby District Emery District Garfield District Grand District Granite District Iron District Jordan District Juab District Source: UtahStateOfficeofEducation Kane District Millard District Morgan District Nebo District

North Sanpete District State Median North Summit District Park City District Piute District Rich District San Juan District Sevier District South Sanpete District South Summit District Tintic District Tooele District Uintah District Wasatch District Washington District Wayne District Weber District Salt Lake District Informationa Ogden District Provo District Logan District Murray District Canyons District l Section DISTRICT MEDIAN CHARTER MEDIAN STATE MEDIAN

Informational Section Student Demographics

The District is becoming much more diverse. This can help provide a healthy and dynamic learning environment Section Informational for students. However, challenges also occur - especially when different languages are involved. The District has been proactive in developing programs to help broaden future opportunities for all students.

Hispanic students make up the largest ethnic minority group in the District, with 26% of total enrollment as of October 1, 2010.

Hispanic 26%

Native American 1% White Asian 66% 3% Black 1% Pacific Islander 3%

Source: District data; audited Fall 2010 enrollment reports submitted to State

Informational Section 156 Informational Section 157 in Utah. public educationsegment are thefastestgrowing eSchool. Onlineschools enrollment hopeson pinning much ofitsfuture Provo SchoolDistrictis also public, hadnearly 7,000studentsenrolled inUtahCounty. districts) enrollment inUtahCountywasnearly 109,000 inOctober2010, schools, whilecharter whichare income studentpopulationthantheothertwo districtsinthecounty. Overall, thepublicschool(school Besides having flatenrollment throughout thisperiod, Provo continues tohave asubstantially higherlow- decade, enrollment inProvo hasbeenflat. Thisisthecaseinmostone-citydistrictsthroughout theState. While Alpine SchoolDistrict, tothenorth, andNeboSchoolDistrict, tothesouth, have grown rapidly this 1992-2010 FallEnrollment Report Student Enrollment: UtahCountyComparison 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 0 2000 2001 2002 Alpine 2003 Source: UtahStateOfficeofEducation 2004 Nebo 2005 2006 Provo 2007 082009 2008 2010 Informationa l Section

Informational Section Demographics: District School Lunch Participation 2001-02 to 2010-11 School Years Informational Section Informational School meal assistance is available based on financial need. Students with the greatest need qualify for free meals, while students with moderate need qualify for meals at a reduced price.

% of Free % of Reduced Lunches Free Lunch Lunches to Total Breakfast Reduced Cost Cost Lunches to School Year Served Served Served Served Lunch Served Total Served 2001-02 1,214,770 526,438 43.3% 252,424 164,461 13.5% 2002-03 1,211,667 571,446 47.2% 261,218 157,921 13.0% 2003-04 1,226,062 603,325 49.2% 267,538 156,125 12.7% 2004-05 1,245,816 612,228 49.1% 282,153 160,509 12.9% 2005-06 1,256,839 609,996 48.5% 289,865 152,639 12.1% 2006-07 1,255,951 567,608 45.2% 293,649 164,048 13.1% 2007-08 1,251,460 558,296 44.6% 304,189 155,298 12.4% 2008-09 1,288,497 617,738 47.9% 316,889 162,129 12.6% 2009-10 1,311,255 685,689 52.7% 326,713 170,235 13.1% 2010-11 1,343,858 736,472 54.8% 363,740 152,940 11.4%

School Lunch Participation: Trends 2001-02 to 2010-11 School Years

1,800,000 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0

Total Meals Served Free/Reduced Meals Served

Source: District data

Informational Section 158 Informational Section 159 services for aspecifictimeperiod(1982-84isthebase for theindexandthatperiodissetat100). services Price Index(urbanareas, allitemsincludingfood). The CPImeasures the average costofpurchasing goods and aboveThe chart compares food costsfor theDistrict’s program food withtheCPI, services orConsumer Program CostsandData: Food Services school lunch participation willremainschool lunchparticipation roughly thesameduring2011-12schoolyear. Prior to2008, the lasttimetheDistrictraisedmealpriceswasin2001. The Districtprojects overall 2007-08 to2011-12School Years Child Nutrition: Adult Lunch Secondary Lunch Secondary Elementary Lunch Elementary Adult Breakfast Breakfast 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 200,000 400,000 600,000 800,000 - FY FY 2004 2007-08 Source: U.S. Bureau ofLaborandStatistics; Districtdata Meal Prices FY FY 2005 $2.50 $1.75 $1.50 $1.25 $1.00 District District Food Costs FY FY 2006 2008-09 $2.75 $2.00 $1.75 $1.50 $1.25 FY FY 2007 FY 2008 FY FY 2009 FY 2008 2009-10 $2.75 $2.00 $1.75 $1.50 $1.25 CPI - all items -CPIall 2010-11 FY 2010b FY FY 2011f FY 2010b $2.75 $2.00 $1.75 $1.50 $1.25 2011-12 $2.75 $2.00 $1.75 $1.50 $1.25 160.00 170.00 180.00 190.00 200.00 210.00 220.00 230.00 Informationa Change YOY 0% 0% 0% 0% 0% l Section

Informational Section Transportation: Costs and Statistics

Just as rising energy costs impact each of us individually, the District is impacted by these increases as well. While the

District is doing everything it can to conserve, in the end funding must come from somewhere for these increases. Section Informational In 2008, a Geographic Information System (GIS) software program was purchased to analyze District population and transportation patterns in an effort to maximize efficiency and minimize energy costs as much as possible.

Expenditures vs. Cost per Gallon $350,000 $4.00 Note: The chart at left shows Provo City School District’s FY 2005 to FY 2012 annual fuel $300,000 $3.50 expenditures compared to the $3.00 annual average cost per gallon $250,000 of diesel fuel for the same years $2.50 (FY 2011 actual expenditures are $200,000 based on the budgeted amount, $2.00 and FY 2012 expenditures and $150,000 average per gallon costs are based $1.50 on District projections). Because the District spends most of its $100,000 $1.00 fuel budget during the months bBudgeted of September to May, only those p $50,000 Projected $0.50 months are used when computing the average per gallon cost of $- $- diesel fuel. FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010b FY 2011p

PSD Expenditures Sep-May Average

Source: District data; U.S. Dept. of Energy

Data: Transportation/Busing

Year Miles Number Driving Route miles Field and Cost per Number traveled of students hours driven per day activity trip student of buses transported per day miles per day per year daily to bus

2003-04 636,750 7,382 264 3,098 440 $253 40 2004-05 653,220 5,192 282 3,245 384 $328 42 2005-06 650,520 4,771 251 2,997 617 $426 43 2006-07 510,840 4,894 245 2,605 233 $492 43 2007-08 542,700 5,169 271 2,747 268 $501 48 2008-09 524,340 6,208 226 2,699 214 $366 48 2009-10 514,980 6,332 204 2,650 211 $315 48

Informational Section 160 Informational Section 161 employees, especially astheeconomy improves andemployees have more employment options. It’s criticalfor theDistricttopay employees acompetitive wagetoattracttalentand retain valuable The Districtpays itsteachersandadministratorsslightly inUtah. more thanthemedianteachersalary Compensation: MedianPay Comparison $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 $45,000 $100,000 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 $90,000 $5,000 $- $0

Alpine District Alpine District

Beaver District Median Beginning Teacher Pay Beaver District

Box Elder District Box Elder District Median Administrator Pay Cache District Cache District Canyons District Canyons District Carbon District Carbon District Daggett District Daggett District Davis District Davis District Duchesne District Duchesne District Emery District Emery District Garfield District Garfield District Grand District Grand District Granite District Granite District Iron District

Source: UtahStateOffice ofEducation Iron District Jordan District Jordan District Juab District Juab District Kane District Kane District Logan District Logan District Millard District Millard District Morgan District Morgan District Murray District Murray District Nebo District Nebo District North Sanpete District North Sanpete District North Summit District North Summit District Ogden District Ogden District Park City District Park City District Piute District Provo District Piute District Rich District Provo District Provo $80,187 Statewide: $78,625 Salt Lake District Rich District San Juan District Salt Lake District Sevier District San Juan District Provo $33,641 Statewide: $32,689 South Sanpete District Sevier District South Summit District South Sanpete District Tintic District South Summit District Tooele District Tintic District Uintah District Tooele District Wasatch District Uintah District Washington District

Informationa Wasatch District Wayne District Washington District Weber District Wayne District DISTRICT MEDIAN Weber District CHARTER MEDIAN DISTRICT MEDIAN GRAND TOTAL MEDIAN

l Section CHARTER MEDIAN GRAND TOTAL MEDIAN

Informational Section Health Insurance: Cost and Statistics Informational Section Informational Section Informational Section Organizational Section Informational Section Organizational Section Informational The rising cost of health care is a concern nationwide, and the District isn’t immune. In 2005, a premium participation plan was put in place, with employees paying a percentage of their premiums. This was designed not only to save money, but more importantly to help employees take ownership of their health care. Overall, the District’s health care expenditures are projected to increase approximately 3% in FY 2011. Year District Insurance Percentage of As the adjacent table and graph below Expendituresindicate, theBudget percentage of the District’s budget that FY 2007 6,440,191goes toward7.00% health insurance each year is increasing, meaning FY 2008 7,542,682inflationary 7.43%pressure on health care is outpacing other District expenditures. FY 2009 7,830,180 7.85% FY 2010 8,284,326 8.49% Note: Percentage of budget calculation FY 2011b 8,776,687 8.21% excludes building construction and debt FY 2012f 9,187,889 8.85% service, which can fluctuate significantly depending on current construction projects. bBudget Forecast

f

Health Insurance: Expenditures and Percentage of Budget

10,000,000 10.00% 9,000,000 9.00% 8,000,000 8.00% 7,000,000 7.00% 6,000,000 6.00% 5,000,000 5.00% 4,000,000 4.00% 3,000,000 3.00% 2,000,000 2.00% 1,000,000 1.00% - 0.00% FY 2007 FY 2008 FY 2009 FY 2010 FY 2011b FY 2012f

District Insurance Expenditures Percentage of Budget

Source: District data

Informational Section 162 Informational Section 163 2010-11 Student Performance: indicate thepercentage proficient ineachsubjectarea. that indicatesiftheschoolachieved thestatestandard asdefined by theU-PASS criteria. Thescores below each schoolusingmultiple assessmentsandindicators. An annual schoolreport card isreleased eachyear U-PASS isthestateaccountabilitysystemfor schools. U-PASS determinestheproficiency andprogress for Westridge Wasatch Timpview High Timpanogos Sunset View Spring Creek Rock Canyon Provost Provo Peaks Provo High Lakeview Independence Franklin eSchool Edgemont Dixon Middle Centennial Middle Canyon Crest Amelia Earhart School 1 Language 95 97 90 79 76 75 89 89 77 85 85 65 80 93 87 90 96 92 Math UPASS 93 93 64 86 78 72 83 86 66 43 81 26 75 86 79 81 93 90 50 Science 82 90 70 65 70 59 79 82 51 63 82 39 60 82 68 80 79 81 Whole School 91 93 24 79 76 72 85 87 69 24 84 15 75 87 81 85 91 88 8 Informationa l Section

OrganizationalInformational Section Section

OrganizationalInformational Section Section Informational Section

OrganizationalInformational Section Section 164 tests. The results are calculatedandpresented onapass/failbasis. isperforming academically accordingand schooldistrictinthecountry toresults onstandardized Left Behind Act thatallows theU.S. ofEducationtodeterminehow every publicschool Department Adequate Yearly Progress, or AYP, isameasurement defined by theUnitedStates federal NoChild 2010-11 Student Performance: 1 Westridge Wasatch Timpview High Timpanogos Sunset View Spring Creek Rock Canyon Provost Provo Peaks Provo High Lakeview Independence Franklin eSchool Edgemont Dixon Middle Centennial Middle Canyon Crest Amelia Earhart School Test scores recorded asProvo Peaks; schoolwasoperatingas Farrer in2010-11 1 YES Language Arts YES YES YES YES NO YES NO YES YES YES YES YES YES YES YES YES YES YES Annual Yearly Progress (AYP) YES Math YES YES YES YES YES YES YES YES YES YES YES YES YES YES NO YES YES YES YES YES YES YES YES YES NO YES YES YES YES YES YES YES YES NO YES YES YES Schoolwide AYP NOT TITLE I NOT TITLE I NOT TITLE I YES NO NO NOT TITLE I NO NO NOT TITLE I NOT TITLE I NOT TITLE I NO NOT TITLE I NOT TITLE I NOT TITLE I NOT TITLE I NOT TITLE I NO Improvement Plan? Informationa l Section

OrganizationalInformational Section Section Informational Section

Informational Section

OrganizationalInformational Section Section 165 previously inthissection. uses Annual Yearly Progress (AYP) andUPASS structures, anddatafrom thosetestswere reported included here are for referencing pastperformance only. Utah nolonger usestheIowa Test ofBasicSkillsasastandardized test. The results Fall 2004to2008(mostrecent year available) Student Performance: Iowa Test ofBasicSkills Third GradeITBS EighthGradeITBS FifthGradeITBS Eleventh GradeITBS Reading Score Composite Language Reading Mathematics Language Social Studies Mathematics Science Social Studies Score Composite Science Reading Score Composite Language Reading Spelling Mathematics Writing Revising Mathematics Social Studies Social Studies Science Science Score Composite Provo 64 67 52 63 56 55 64 58 69 50 64 63 65 58 61 68 56 65 58 61 62 62 65 71 64 Fall 2004 Utah 64 64 55 62 57 54 65 57 69 52 65 64 63 58 58 62 52 59 56 58 61 60 65 69 61 Provo 63 65 63 52 62 57 57 65 62 68 59 64 68 64 63 57 67 54 62 58 61 59 64 66 68 Fall 2005 Source: Districtdata Utah 65 59 63 55 62 57 57 66 59 69 61 65 70 64 63 57 62 51 59 55 57 61 59 62 70 Provo 59 60 57 48 59 52 53 61 52 65 50 59 63 56 55 52 65 52 54 56 62 55 57 53 64 Fall 2006 Utah The mostrecent testingdata 65 58 59 58 48 59 48 52 61 53 63 52 58 65 56 56 53 62 51 52 54 57 57 58 61 Provo 61 57 56 41 64 47 55 58 54 62 52 55 66 54 58 50 54 52 Fall 2007 Utah 65 57 58 47 59 47 53 61 52 63 51 57 65 57 56 53 52 56 Not Tested Informationa Provo Fall 2008 66 58 59 43 60 49 53 58 52 62 50 56 64 56 56 53 60 54 Utah l Section 64 57 57 46 60 47 53 60 53 63 51 57 65 55 57 51 52 55

Informational Section Student Performance: Criterion Reference Testing 2003-04 to 2008-09 (most recent year available)

Like the Iowa Test, Utah no longer uses the CRT as a standardized test. The results included here are for referencing past performance only. The most recent testing data uses Annual Yearly Progress (AYP) and Section Informational UPASS structures, and data from those tests were reported previously in this section.

Elementary

2003-2004 2004-2005 2005-06 2006-07 2007-08 2008-09 Average Average Average Average Average Number Number Number Number Number Average % Number % % % % % Tested Tested Tested Tested Tested Proficient Tested Grade Correct Correct Correct Proficient Proficient Language 1 82% 1,037 80% 1,151 76% 1,153 73% 1,131 not tested not tested Arts 2 75% 1,020 77% 1,015 79% 1,108 77% 1,068 78% 1,068 79% 1,064 3 76% 995 75% 1,016 78% 1,006 78% 1,083 76% 1,041 83% 1,035 4 81% 951 81% 990 81% 980 79% 980 77% 1,048 82% 995 5 78% 914 79% 923 79% 960 77% 937 76% 947 79% 1,020 6 79% 989 82% 897 76% 903 80% 976 80% 917 83% 941 Math 1 83% 1,038 76% 1,165 77% 1,151 71% 1,130 not tested not tested 2 75% 1,020 78% 1,021 80% 1,109 74% 1,073 77% 1,067 ** ** 3 79% 999 79% 1,023 80% 998 81% 1,099 77% 1,039 ** ** 4 82% 956 80% 999 83% 975 79% 986 81% 4,048 ** ** 5 77% 917 83% 936 80% 957 78% 943 77% 940 ** ** 6 75% 696 77% 629 77% 608 63% 650 72 625 ** ** Science 1-3 not tested not tested not tested not tested not tested not tested 4 62% 950 not available 62% 982 62% 984 64% 1,048 66% 1,002 5 59% 914 64% 931 66% 960 64% 952 65% 931 68% 1,022 6 63% 992 68% 895 72% 904 61% 955 69% 933 71% 943

Secondary

2003-2004 2004-2005 2005-06 2006-07 2007-08 2008-09 Average Average Average % Number Average % Number Average % Number Number Number Average % Number Course % % Proficient Tested Proficient Tested Proficient Tested Tested Tested Proficient Tested Proficient Proficient 7th Lang Arts 84% 889 77% 928 83% 903 8th Lang Arts 81% 911 85% 869 81% 916 unavailable unavailable 9th Lang Arts unavailable 79% 1,008 78% 926 78% 895 10th Lang Arts 81% 1,005 82% 976 82% 901 11th Lang Arts 81% 872 84% 924 76% 939 7th grade Math 69% 403 60% 423 70% 453 73% 496 ** ** PreAlgebra 83% 1,201 79% 1,391 81% 1,243 78% 1,197 79% 1156 ** ** Algebra 69% 1,228 77% 1,097 72% 1,189 74% 1,192 79% 906 ** ** Geometry 72% 804 76% 875 68% 920 75% 907 76% 927 ** ** data not complete Science 7th 67% 994 63% 964 69% 441 62% 504 69% 388 from state Science 8th 68% 900 67% 978 68% 942 64% 898 67% 858 65% 904 Earth Systems 64% 359 59% 376 66% 339 65% 356 59% 597 58% 819 Biology 79% 629 65% 818 65% 978 70% 1,067 66% 989 69% 757 Chemistry 66% 386 57% 393 65% 431 unavailable unavailable unavailable Physics 56% 253 49% 294 66% 357

** In 2008-09 new, more rigorous math tests were developed for each grade level and math subject; the State of Utah has mandated that the new scores not be compared with previous years testing

Informational Section 166 Informational Section 167 & 2010-11(Provo SchoolDistrict) Composite ACT Provo SchoolDistrict ACT Scores by Subject: The ACT Student Performance: 2010-11, soaby-school view ispresented below. subject areas. As ofthisprinting, Districtwideaverage scores haven’t beenreleased for scores have exceeded average scores inboththeStateofUtahandnationwideall is optional, measures essay. skillinplanningandwritingashort Since2003, average District ACT choice testscover four skillareas: English, mathematics, reading, andscience. The writingtest, which general educationaldevelopment andtheirabilitytocomplete college-level work. The multiple- Science-Reasoning Reading Math English Composite Subject Area Independence High School1 High Independence Timpview High School High Timpview ® is America’s mostwidely acceptedcollegeentrance exam. Itassesseshighschoolstudents’ Provo High School High Provo Utah U.S. ® Score Comparison:Score 0 Independence High ACT Sources: UtahStateOfficeofEducation; Districtdata 015 10 5 ® 14.85 Scores School 15.28 15.59 15.62 12.76 14.85 20.39 21 21.8 22.47 Provo High 2010 (Utah and U.S.) and (Utah 2010 School 20.47 20.82 20.32 19.45 20.39 Timpview High 2010-11 20 School 22.15 22.85 22.16 22.47 22.2 25 Informationa l Section

Informational Section Student Performance: Utah Basic Skills Competency Test Test Information Informational Section Informational

In 1999, the Utah State Legislature drafted and passed H.B. 33. Among other things, H.B. 33 called for the construction and implementation of a basic skills competency test to be given in the tenth grade. In 2000, the need and desire for a basic skills competency test was reaffirmed by the legislature in the passage of H.B. 177. Students need to pass this test (UBSCT) in order to receive a “basic high school diploma.” Utah no longer uses the Utah Basic Skills Competency Test.

Level 4: Substantial Students scoring at this level have mastered Levels 1-3. They are also profi cient in identifying and applying the elements of analytical assessment, i.e., evaluating the writer’s ability to select and elaborate ideas; organizing ideas; using appropriate voice; achieving sentence fluency; and using appropriate and effective word choice, authentic voice, and appropriate conventions. Level 4 students can express ideas effectively and convincingly in all forms of writing: expository, persuasive, narrative, and descriptive.

Level 3: Sufficient Students scoring at this level have mastered Levels 1-2. They can also identify reliable, valid, and accurate information as well as the organizational patterns used to structure information. They can identify topic sentences and relevant supporting ideas in text. Level 3 students can express ideas effectively in all forms of writing: expository, persuasive, narrative, and descriptive. They have an overall grasp of writing conventions and can edit not only for spelling, capitalization, and punctuation, but also for errors in usage.

Level 2: Partial Students scoring at this level have mastered Level 1. They can also assess the effective choice and use of sources to locate information, as well as identify headings, subheadings, and titles in text. Level 2 students have demonstrated some expository and persuasive writing skills and can use description to create sensory images. They evidence skill in identifying clear topic sentences and supporting details. Level 2 students can identify misspellings of common words and errors in basic capitalization and sentence punctuation.

Level 1: Minimal Students scoring at this level have demonstrated the ability to identify the audience and purpose for a specific piece of writing. They can identify the main idea or central theme of a text and use narration to recount experiences. Details may be present in their writing, but may be loosely connected. Level 1 students show very limited skill in using writing conventions (spelling, capitalization, punctuation, usage, and paragraphing).

Source: Utah State Office of Education

Informational Section 168 Informational Section 169 and UPASS structures, anddatafrom thosetestswere reportedpreviously inthissection. referencing pastperformance only. Utah nolonger usestheUBSCTasastandardized test. The results included here are for 2009-10 (mostrecent year available) Student Performance: Mathematics Reading Subject (Provo SchoolDistrict2009-10score placementhighlighted) UBSCT ScoringKey Writing Writing Reading Mathematics Subject UBSCT 2009-10Results 154 156 158 160 162 164 166 168 170 172 Mathematics 160 170 163 Average Score 2009-10 2009-10 School Year;resultsonly DistrictProvo School 150orbelow 153orbelow 146orbelow District Minimal Average Score Average - 3: Sufficient 4: Substantial 3: Sufficient Utah BasicSkillsCompetency Test The mostrecent testingdatauses Annual Yearly Progress (AYP) 151-159 154-159 147-159 UBSCT Partial Level Provo Reading Sufficient Sufficient Level Sufficient document. weren’t available asofthepublishingdatethis success inthisarea. Statecomparisondata “Substantial” ratingisevidence oftheDistrict’s emphasis onpromoting literacy. The Level 4 “master thebasics,” whichincludesanincreased of theDistrict’s missionistoensure students sufficient levels for allthree subjectareas. Part 2009-10 DistrictUBSCTscores were atorabove 160-167 160-168 160-169 168 orabove 169 orabove 170 orabove Substantial Writing Informationa l Section

Informational Section Student Performance: High School Graduation Rates Informational Section Informational

National, 75%

Utah, 90%

Provo School District, 94%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Source: U.S. Dept. of Education and Utah State Office of Education

At 94%, the District’s graduation rate for the 2010 school year is higher than the average rate in the State of Utah, and substantially higher than the national rate of 75%.

It should be noted that the U.S. Department of Education might change reporting requirements beginning in 2012, which could impact Utah and Provo School District results.

Important Note Regarding Satisfaction Surveys

The District regularly conducts satisfaction surveys involving the public, parents, employees, and students. We are currently in the process of loading all surveys online. Please check http://provo.edu/dep/busadmin/, then check under the “Surveys” heading. We are also happy to send copies of survey results to interested people by email. Please request any survey results by emailing [email protected].

Source: Utah State Office of Education

Informational Section 170 Informational Section 171 Glossary reported intheauditedOctober 1FallEnrollment from Report theprevious year. Fall Enrollment Report: Expenditure: achargethatisincurred, presumably tobenefittheDistrict. commitments whichare forthcoming. fundsforEncumbrance: amethodofreserving purchase orders, contracts, salary andotherfinancial and obsolescence. Depreciation: debt. Debt Service: the overall organization. An exampleof a costcenteristhepurchasing department. oftheDistrictthatdoesnotproduce part direct profitCost Center: andadds tothecostof running increase andholdpublichearingsbefore theirratecanbeapproved. increases. Iftheproposed taxrateisabove rate, thecertified anagency must advertise theproposed Certified Tax Rate: atax “ceiling” setby statelaw toprotect taxpayers from unchecked tax machines, buses, equipment. andcomputer/information technology least three years, andcostingatleast$5,000. Examplesofcapital expenditures includebuildings, copy Capital Expenditure: future. Initiatives theDistrict'smissionandlong-termgoals. shouldsupport Budget Initiatives: goals orobjectives short-term theDistrictintendstoaccomplishinnear Unit. Weighted schoolby PupilUnits(WPUs)for thevalueof eachdistrictorcharter Weighted Pupil students thatare operatedandmaintainedfor theamountderived by multiplying thenumber of Basic SchoolProgram: programs for kindergarten, elementary, school andsecondary expenditures exceedrevenues butresidual fundbalancesare usedtomake upthedifference. to totalrevenues. However, there are instances whenrevenues exceedexpenditures, orwhen Balanced Budget: The Districtconsidersthebudgetbalancedwhentotalexpenditures are equal "equity" innon-governmental accounting)are includedonthebalancesheet. Balance Sheet: period. a typical180day schoolyear, dividedby thetotalnumber ofschooldays insessionduringthesame Average Daily Membership(ADM): event. Asset: determined by thecombinedassessedvalueofallbusinessesandresidences inProvo City. Assessed Value (AV): thevalueoftaxablebusinessesandresidences. The District'soverall taxrateis make expenditures andtoincurobligations for specificpurchases. Appropriation: anauthorization, usually limitedinamountandtime, grantedby alegislative bodyto aneconomicbenefitobtainedorcontrolled by theDistrictasa result ofapasttransactionor theexpirationofusefullife ofDistrictassets, attributabletoage, wear-and-tear, cashrequired over agiven periodfor therepayment ofinterest and principal ona a summary oftheDistrict'sbalances. asummary Assets, liabilitiesandfundbalances(called tangibleproperty ofamore orlesspermanentnature withausefullife ofat theauditedcensusofstudents registered inUtahpublicschoolsas theaggregate days ofstudentmembershipinaschoolduring Informationa l Section

Informational Section Fiscal Year (FY): a 12 month period beginning July 1st and ending June 30th each year. The District’s budget operates annually on this schedule.

Full-time Equivalent (FTE): a unit of workforce measurement. An employee hired to fill a normal Section Informational contract day of approximately 8 hours is considered 1.0 FTE. An assistant that works 1/2 time is considered 0.5 FTE, and so forth. Function: a relatively broad grouping of related expenditures or revenues aimed at accomplishing a common objective. Fund Balance: the difference between assets and liabilities (see "asset" and "liability").

Fund: a segregation of accounting and financial resources, each with cash and other assets, liabilities, and fund balances.

Indirect costs: costs that are associated with, but not directly attributable to, a specific program or service provided. Legal debt limit: the amount of debt the District can enter into; based on the overall taxable market value of Provo City multiplied by 4%. Legal debt margin: amount of debt the District can enter into after current debt is included. Can be classified as a percentage or dollar amount. See "Legal debt limit." Liability: an obligation of the District arising from past transactions or events. Liabilities are recorded on the District's balance sheet. Minimum School Program: the primary funding source for school districts and charter schools in Utah. MSP funds are distributed according to formulas provided by State law, and State Board rules. Modified Accrual Basis: Government accounting method where revenue is recognized when it becomes available and measurable. Expenditures are typically recognized in the period in which the liability is incurred. Non-routine expenditure: expenditures that occur infrequently and are not typically part of normal operations. Object: a classification used for both revenues and expenditures to determine the kind of transaction taking place. Examples of objects include teacher salaries, textbooks, and repairs. Other financing source: transactions that cannot be clearly classfied as either a revenue or expenditure. An example is the transfer of fund balances from one fund to another.

Program: revenues and expenditures that are tracked as a particular project. An example of a program is "Title I," which is referenced in the book as a federal grant the District receives. The District operates approximately 300 programs. Property tax levy: individual components of property taxes the District receives each year. The District may receive tax revenue from up to 13 different levies, and when combined they form the overall property tax rate. Property tax rate: the tax rate at which homes and businesses are charged annually.

Informational Section 172 Informational Section 173 year, regardless ofwhetherthebudgetishigherorlower thantheprevious one. is analyzed to determine viability and cost. Budgets are then built around what is needed be justifiedfor each must year.the expenses upcoming all which Zero-basedin budgetingDistrict starts fromthe aby used “zerobudgeting base” andof everymethod program withina thebudgeting: District Zero-based funding inafairandequitableway. (WPU): Unit Pupil Weighted a for reserved specifically not is that purpose.particular balance fund District's the of part reserve: Undistributed year exceedsthepastyear's amount. Truth-in-Taxation: a public hearing held annually if the District's budgeted property tax for the coming Taxable market value: vs. homeownership figures, etc. method can include birth rates, inter- and intra-city mobility patterns, previous enrollment figures, rental rates: Survival public, localbusinesses, employees, Board ofEducation, andlegislature. anyStakeholder: personorgroup thathasavested interest intheDistrict. Examplesincludethe environments separatefrom thegeneralstudentbody. Self-contained (SC): counted asrevenue. Revenue: actualincometheDistrictreceives from externalsources. Donateditemsofvalueare not figures. The Districtusesaform ofregression analysis whenprojecting future enrollment, revenues, andother Regression analysis: a method used by the District to project future enrollment. Factors included in the in included enrollment.Factors future project to District the by used method a astatisticalmethodthatcanbeusedfor predicting future numerical values. studentswithlearningorbehavioral difficulitiesthatare taughtinlearning see “Assessed Value.” a unit of measure used to determine the needed amount of state of amount needed the determine to used measure of unit a Informationa l Section

Informational Section Questions?

If you have any questions regarding the budget of Provo City School District, or this budget guide in particular, please call the Business Office of the District at (801) 374-4848, or contact us by email at [email protected]. The web address is: www.provo.edu/dep/busadmin/.

Thank you for your interest and continued support of Provo City School District.

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