Common use of Impact of Proposed Agreement on Current Year Unrestricted Reserves Clause in Contracts

Impact of Proposed Agreement on Current Year Unrestricted Reserves. 1. State Reserve Standard a. Total Expenditures, Transfers Out, and Uses (Page 4, Column 4, total Expense & Other Uses and Transfers Out (Must include restricted and unrestricted expenditures) $ 442,953,395 b. State Standard Minimum Reserve Percentage for this District 2.00% c. State Standard Minimum Reserve Amount for this District (For districts with less than 1,001 ADA, this is the greater of Line a. times Line b. or $50,000. $ 8,859,068 2. Budgeted Unrestricted Reserve (After Impact of Proposed Agreement) a. General Fund Budgeted Unrestricted Reserve for Economic Uncertainties $ 8,893,067 b. General Fund Budgeted Unrestricted Unassigned/Unappropriated Amount $ (882,378) c. Special Reserve Fund 17-Budgeted Reserve for Economic Uncertainties $ - d. Special Reserve Fund 17-Budgeted Unassigned/Unappropriated Amount $ - e. Article XIII-B Fund 72-Budgeted Reserve for Economic Uncertainties $ - f. Article XIII-B Fund 72-Budgeted Unassigned/Unappropriated Amount $ -

Impact of Proposed Agreement on Current Year Unrestricted Reserves. 1. State Reserve Standard a. Total Expenditures, Transfers Out, and Uses (Page 4, Column 4, total Expense & Other Uses and Transfers Out (Must include restricted and unrestricted expendituresIncluding Cost of Proposed Agreement) $ 442,953,395 $48,858,538 b. State Standard Minimum Reserve Percentage for this District 2.00%3.00% c. Projected P-2 ADA 2,840.22 c. d. State Standard Minimum Reserve Amount for this District (For districts Line 1a times Line 1b, or $50,000, whichever is greater, for a district with less than 1,001 ADA, this is the greater of Line a. times Line b. or ) $50,000. $ 8,859,0681,465,756.14 2. Budgeted Unrestricted Reserve (After Impact of Proposed Agreement) a. General Fund Budgeted Unrestricted Reserve Designated for Economic Uncertainties $ 8,893,067 $1,918,674.00 b. General Fund Budgeted Unrestricted Unassigned/Unappropriated Amount $ (882,378) $14,987,234.00 c. Special Reserve Fund 17-Budgeted Reserve Bugeted Designated for Economic Uncertainties $ - $0.00 d. Special Reserve Fund 17-Budgeted Unassigned/Unappropriated Amount $ - $5,417,951.00 e. Article XIII-B Fund 72-Total District Budgeted Reserve for Economic Uncertainties $ - f. Article XIII-B Fund 72-Budgeted Unassigned/Unappropriated Amount $ -Unrestricted Reserves $22,323,859.00 3. Do unrestricted reserves meet the state standard minimum reserve amount? (Yes) No