Common use of Background and Narrative of Budget Reductions Clause in Contracts

Background and Narrative of Budget Reductions. 2. 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:

Background and Narrative of Budget Reductions. 2. 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:

Background and Narrative of Budget Reductions. 2. 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)

Background and Narrative of Budget Reductions. 2. 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:

Background and Narrative of Budget Reductions. 2. Assumptions Used in the Deficit Reduction Plan: - EBF and Estimated New Tier Funding: - Equal Assessed Valuation and Tax Rates: - Employee Salaries and Benefits: - Short Short- and Long Long-Term Borrowing: - Educational Impact: - Other Assumptions: - Has the district considered shared services or outsourcing (Ex: Transportation, Insurance) )? If yes yes, please explain:

Background and Narrative of Budget Reductions. 2. Assumptions Used in the Deficit Reduction Plan: - ‐ EBF and Estimated New Tier Funding: - ‐ Equal Assessed Valuation and Tax Rates: - ‐ Employee Salaries and Benefits: - Short ‐ Short‐ and Long Term Long‐Term Borrowing: - ‐ Educational Impact: - ‐ Other Assumptions: - ‐ Has the district considered shared services or outsourcing (Ex: Transportation, Insurance) )? If yes yes, please explain:

Background and Narrative of Budget Reductions. 2. Assumptions Used in the Deficit Reduction Plan: - EBF and Estimated New Tier Funding: - Equal Assessed Valuation and Tax Rates: - Employee Salaries and Benefits: - Short Short- and Long Long-Term Borrowing: - Educational Impact: - Other Assumptions: - Has the district considered shared services or outsourcing (Ex: Transportation, Insurance) )? If yes yes, please explain:

Background and Narrative of Budget Reductions. 2. 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)

Background and Narrative of Budget Reductions. 2. 2 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: