Common use of Assumptions Used in the Deficit Reduction Plan Clause in Contracts

Assumptions Used in the Deficit Reduction Plan. EBF and Estimated New Tier Funding: ‐ Equal Assessed Valuation and Tax Rates: ‐ Employee Salaries and Benefits: ‐ Short and Long Term Borrowing: ‐ Educational Impact: ‐ Other Assumptions: ‐ Has the district considered shared services or outsourcing (Ex: Transportation, Insurance) If yes please explain: ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS (School Districts Only) (For Local Use Only) This is an estimated Limitation of Administrative Costs Worksheet only and will not be accepted for Official Submission of the Limitation of Administrative Costs Worksheet. The worksheet is intended for use during the budgeting process to estimate the district's percent increase of FY2021 budgeted expenditures over FY2020 actual expenditures. Budget information is copied to this page. Insert the prior year estimated actual expenditures to compute the estimated percentage increase (decrease). The official Limitation of Administrative Costs Worksheet is attached to the end of the Annual Financial Report (ISBE Form 50‐35) and may be submitted in conjunction with that report. An official Limitation of Administrative Costs Worksheet can also be found on the ISBE website at: Limitation of Administrative Costs

Assumptions Used in the Deficit Reduction Plan. EBF and Estimated New Tier Funding: ‐ Equal Assessed Valuation and Tax Rates: ‐ Employee Salaries and Benefits: ‐ Short and Long Term Borrowing: ‐ Educational Impact: ‐ Other Assumptions: ‐ Has the district considered shared services or outsourcing (Ex: Transportation, Insurance) If yes please explain: ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS (School Districts Only) (For Local Use Only) This is an estimated Limitation of Administrative Costs Worksheet only and will not be accepted for Official Submission of the Limitation of Administrative Costs Worksheet. The worksheet is intended for use during the budgeting process to estimate the district's percent increase of FY2021 FY2022 budgeted expenditures over FY2020 FY2021 actual expenditures. Budget information is copied to this page. Insert the prior year estimated actual expenditures to compute the estimated percentage increase (decrease). The official Limitation of Administrative Costs Worksheet is attached to the end of the Annual Financial Report (ISBE Form 50‐35) and may be submitted in conjunction with that report. An official Limitation of Administrative Costs Worksheet can also be found on the ISBE website at: Limitation of Administrative Costs

Assumptions Used in the Deficit Reduction Plan. EBF and Estimated New Tier Funding: ‐ - Equal Assessed Valuation and Tax Rates: ‐ - Employee Salaries and Benefits: ‐ - Short and Long Term Borrowing: ‐ - Educational Impact: ‐ - Other Assumptions: ‐ - Has the district considered shared services or outsourcing (Ex: Transportation, Insurance) If yes please explain: ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS (School Districts Only) (For Local Use Only) This is an estimated Limitation of Administrative Costs Worksheet only and will not be accepted for Official Submission of the Limitation of Administrative Costs Worksheet. The worksheet is intended for use during the budgeting process to estimate the district's percent increase of FY2021 FY2022 budgeted expenditures over FY2020 FY2021 actual expenditures. Budget information is copied to this page. Insert the prior year estimated actual expenditures to compute the estimated percentage increase (decrease). The official Limitation of Administrative Costs Worksheet is attached to the end of the Annual Financial Report (ISBE Form 50‐3550-35) and may be submitted in conjunction with that report. An official Limitation of Administrative Costs Worksheet can also be found on the ISBE website at: Limitation of Administrative Costs