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: ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS (School Districts Only) (For Local Use 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: ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS (School Districts Only) (For Local Use 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: ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS (School Districts Only) (For Local Use 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: ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS (School Districts Only) (For Local Use 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: ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS (School Districts Only) (For Local Use 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 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: ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS (School Districts Only) (For Local Use 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: ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS (School Districts Only) (For Local Use 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: ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS (School Districts Only) (For Local Use 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: ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS (School Districts Only) (For Local Use 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 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: ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS (School Districts Only) (For Local Use 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 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: ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS (School Districts Only) (For Local Use Only)Evidence-Based Funding: Fiscal Year 2024 Spending Plan N/A - EBF Spending Plan Not Required for Joint Agreements

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: ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS (School Districts Only) (For Local Use Only)Evidence‐Based Funding: Fiscal Year 2024 Spending Plan HOMEWOOD FLOSSMOOR C H S D 233

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: ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS (School Districts Only) (For Local Use 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 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: ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS (School Districts Only) (For Local Use Only)H:\Budget\FY23\FY23 ISBE Budget 8/19/2022

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: ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS (School Districts Only) (For Local Use Only)G:\My Drive\SDB2023FORM.xlsx 9/28/2022

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) (For Local Use 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 ‐ 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: ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS (School Districts Only) (For Local Use Only)H:\Budget\FY23\Tentative Budget Form FY23 8/16/2022

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: ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS (School Districts Only) (For Local Use Only)H:\Budget\FY 2023\SDJAB2023FORM 10/13/2022

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: ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS (School Districts Only) (For Local Use Only)G:\My Drive\Budget\FY23\Final State Budget Form FY23 9/21/2022

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 /Users/rodadmin/Downloads/fy2021 urs budget.91020 (School Districts Only) (For Local Use Only)3)mk.xlsx 10/1/20

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: ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS (School Districts Only) (For Local Use 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: 7/22/2021 ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS (School Districts Only) (For Local Use 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 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: ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS (School Districts Only) (For Local Use Only)H:\Financial\Finance\Budget\Budget FY2023 9/16/2022

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: ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS (School Districts Only) (For Local Use Only)Q:\Xxxxx Xxxxxx\2022-2023 Budget\SDJAB2023FORM-no-macros 10/4/2022

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: ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS C:\Users\smorris\Downloads\Copy of SDJAB2023FORM (School Districts Only2) (For Local Use Only)8/8/2022

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) (For Local Use Only)/Users/yurkoja/Desktop/SDJAB2022FORM-FY22 original final.xlsx 9/10/21

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: ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS (School Districts Only) (For Local Use Only)P:\Budget\2022-23\State Budget Form FY23 9/13/2022

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 /Users/resho/Desktop/IL 50-36/SDJAB2021FORM (School Districts Only) (For Local Use Only)1).xlsx 9/9/20

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: ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS (School Districts Only) (For Local Use Only)H:\District Budget\FY23 District Budget - Final 9/21/2022

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: ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS (School Districts Only) (For Local Use Only)2022-23 Final Budget.xlsm 12/14/2022

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: Exhibit 3 ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS (School Districts Only) (For Local Use 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: Bckgrnd-Assumpt 28-29 - 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)

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: ESTIMATED LIMITATION OF ADMINISTRATIVE COSTS (School Districts Only) (For Local Use Only):