Oakland Unified School District Letter

March 1, 2019 Honorable Keely Bosler, Director 915 L Street Sacramento, CA 95814 Honorable Phil Ting, Chair California State Assembly Committee on Budget State Capitol, Room 6026 Sacramento, CA 95814 Honorable Holly J. Mitchell, Chair California State Senate Committee on Budget and Fiscal Review State Capitol, Room 5019 Sacramento, CA 95814 Dear Director Bosler, Mr. Bell, Ms. Holmes, Chairperson Mitchell and Committee Members, and Chairperson Ting and Committee Members: This letter is submitted for your consideration in accordance with FCMAT’s responsibilities under Assembly Bill 1840 with regard to the Oakland Unified School District. Of note: On the evening of February 28, 2019, the district reached a tentative agreement with the Oakland Education Association. This report was finalized prior to the settlement, and FCMAT/Alameda COE staff will need time to analyze the impact of the settlement on the deficit calculation. An update to this letter will be done as soon as the data is available to incorporate. Background AB 1840 Assembly Bill 1840 (Chapter 426/2018) (AB 1840) passed the Legislature on August 31, 2018 as a budget trailer bill and became effective on September 17, 2018. Among other provisions, AB 1840 provides for several changes in the oversight of fiscally distressed districts and sets forth specific require- ments for the Oakland Unified School District in exchange for providing financial resources under certain circumstances. This report is provided in accordance with Education Code Section 42160(d) as established by AB 1840 and outlined below. AB 1840 shifts the former state-centric system to be more consistent with the principles of local control. Several duties formerly assigned to the state Superintendent of Public Instruction (SPI) are now assigned to the county superintendent, with the concurrence of the SPI and the president of the State Board of Education. While AB 1840 does not change the definition or trigger of fiscal insolvency, it does change the structure of how fiscally insolvent districts are administered once a state emergency appropriation has been made. Under AB 1840, the state trustee assigned to the district now reports to the Alameda County Superintendent of Schools, and no longer reports to the SPI. If the current state trustee elects not to continue, or a determination is made by the county superintendent that the trustee should be replaced, the next appointment of the next state trustee would follow the provisions under AB 1840, namely: 1) be selected from a list of candidates identified and vetted by FCMAT, and 2) be appointed jointly by the county superintendent, SPI and president of the State Board of Education. Additionally, AB 1840 established Education Code Section 42160, which provides: (a) For the 2018-19 fiscal year, by March 1, 2019, the Oakland Unified School District, in collaboration with and with the concurrence of the Alameda County Superintendent of Schools and the County Office Fiscal Crisis and Management Assistance Team, shall do both of the following: (1) Update or develop short- and long-term financial plans based on reasonable and accurate assumptions and current and past year expenditure data. (2) Review and update school district facilities construction plans to ensure that costs are reasonable, accurate, and align with long-term financial plans for fiscal solvency. (b) Beginning with the 2019-20 fiscal year, the Budget Act shall include an appropriation for the Oakland Unified School District, if the school district complies with the terms specified in subdivisions (a) and (c), in the following amounts: (1) For the 2019-20 fiscal year, up to 75 percent of the school district’s projected operating deficit, as determined by the County Office Fiscal Crisis and Management Assistance Team, with concurrence with the Department of Finance. (2) For the 2020-21 fiscal year, up to 50 percent of the school district’s projected operating deficit, as determined by the County Office Fiscal Crisis and Management Assistance Team, with concurrence with the Department of Finance. (3) For the 2021-22 fiscal year, up to 25 percent of the school district’s projected operating deficit, as determined by the County Office Fiscal Crisis and Management Assistance Team, with concurrence with the Department of Finance. (c) Disbursement of funds specified in subdivision (b) shall be contingent on the Oakland Unified School District’s completion of activities specified in the prior year Budget Act to improve the school district’s fiscal solvency. These activities may include, but are not limited to, all of the following: (1) Completion of comprehensive operational reviews that compare the needs of the school district with similar school districts and provide data and recommendations regarding changes the school district can make to achieve fiscal sustainability. 2 (2) Adoption and implementation of necessary budgetary solutions, including the consolida- tion of school sites. (3) Completion and implementation of multiyear, fiscally solvent budgets and budget plans. (4) Qualification for positive certification pursuant to Article 3 (commencing with Section 42130) of Chapter 6. (5) Sale or lease of surplus property. (6) Growth and maintenance of budgetary reserves. (7) Approval of school district budgets by the Alameda County Superintendent of Schools. (d) Funds described in subdivision (b) shall be allocated to Oakland Unified School District upon the certification of the County Office Fiscal Crisis and Management Assistance Team, with concurrence from the Alameda County Superintendent of Schools, to the Assembly Committee on Budget, Senate Committee on Budget and Fiscal Review, and the Department of Finance that the activities described in subdivision (c), as specified in the prior year Budget Act, have been completed. Additionally, by March 1 of each year, through March 1, 2021, the County Office Fiscal Crisis and Management Assistance Team, with concurrence from the Alameda County Superintendent of Schools, shall report to the Assembly Committee on Budget, Senate Committee on Budget and Fiscal Review, and the Department of Finance the progress that Oakland Unified School District has made to complete the activities described in subdivision (c), as specified in the prior year Budget Act. (e) The activities described in subdivision (c) shall be determined in the annual Budget Act based on joint recommendations from the County Office Fiscal Crisis and Management Assistance Team and the Alameda County Superintendent of Schools. These recommendations shall be submitted to the Assembly Committee on Budget, Senate Committee on Budget and Fiscal Review, and the Department of Finance by March 1 of each fiscal year, through March 1, 2021, in conjunction with the certification described in subdivision (d). District Overview Located in the Bay Area of Northern California, the district serves approximately 50,231 students in 86 district-operated schools and 35 authorized charter schools. Just over 30 percent of the district’s students speak a foreign language at home. Eligibility for free and reduced-price meals is 74.4 percent. The district’s unduplicated pupil percentage is 77.4 percent. For fiscal year 2018-19, the district is expected to have a combined unrestricted and restricted revenue of $586 million and expenditures of $596 million. The district’s projected June 30, 2019 unrestricted ending fund balance is $20.8 million. The district’s own self-assessment of its financial condition is as follows: “Core to the mission of a school district is the need to maximize the resources afforded to that system by the taxpayers to the benefit of the students that educators serve on a day-to-day basis. Fiscal challenges are an unwelcome distraction that draws attention away from the primary mission and purpose of the educational institution. “Unfortunately, this is the current circumstance for OUSD. Beginning in the winter of 2016, OUSD began exhibiting signs of fiscal distress that continued to progress through the end of the 2016-17 fiscal year and carried into the 2017-18 fiscal year.” 3 “Key drivers that were impacting the financial health of the District in the structural budget imbalance, revenues and expenditures are listed below: • Structural Budget Imbalance and Cash Flow: A lack of sufficient controls in place to manage for long-term balance and sustainability following the large infusion of revenues from the Local Control Funding Formula (LCFF); • Revenues: Based on the use of roll-over budgeting, the District was unable to carefully review the multi-year impact of expenditure decisions and revenue changes; and • Expenditures: Prior to the implementation of Escape, the financial and human resource management systems and procedures were inadequate to ensure there is a robust position control process in place.” Emergency Appropriation, Loan Status and Payment Terms In 2003, the district was unable to meet its financial obligations without the assistance of the state of California. Senate Bill 39 (SB 39) (Chapter 14/2003) was passed, which authorized a $100 million cash flow loan for the district. Consistent with practice, SB 39 directed that the Superintendent of Public Instruction assume all of the rights, duties, and powers of the district’s governing board. Full rights, duties and powers of the governing board were reinstated on June 28, 2009, and at that time a state trustee was appointed to provide specific oversight of the district’s continued recovery. The state trustee has stay and rescind authority over actions by the governing board. In 2006, a portion of the state loan was refinanced by the sale of California Infrastructure Economic Development Bank (I-Bank) bonds of $59.6 million (principal and accrued interest). After the refi- nancing, the state general fund portion of the loan was $35 million. The California Department of Education (CDE) reports that as of July 1, 2018, the district owes $40 million. The payment schedule for the I-Bank portion of the state loan is monthly, July through January, totaling approximately $3.8 million annually through January 2023. The annual payment on the state general fund portion of the state loan is approximately $2.1 million, due in June through June 2026. Payments are made through a State Controller’s Office intercept of the district’s monthly principal apportionment. The state subsidizes the interest payments on the I-Bank portion of the loan by approximately $1.7 million per year pursuant to Education Code Section 41329.57(a)(1), which establishes that the effective costs of the I-Bank financing provided to the district shall be equal to the cost of the original state general fund emergency loan. Other FCMAT Reviews of the District In late 2017, Oakland USD petitioned the California Department of Finance (DOF) to defer its remaining current year and budget year payments on the outstanding emergency appropriation (state loan) originally authorized in 2003. In response to the district’s petition for a deferral of payments on the state loan, the director of the DOF convened a meeting of stakeholders on December 14, 2017. FCMAT provided a brief overview of the August 15, 2017 fiscal health risk analysis review of the district conducted at the district’s request, in which FCMAT concluded that the district showed signs of fiscal distress. Subsequently, on January 22, 2018, the Alameda County Office of Education and FCMAT entered into a study agreement for FCMAT to provide on-site technical assistance to the district wherein FCMAT was 4 charged with two phases of work. The first phase was to review the district’s 2017-18 general fund budget and develop a consensus about assumptions, including the values of mid-year reductions. From this base, FCMAT would update the district’s 2017-18 cash forecast to determine if it had sufficient cash resources to meet its obligations, including the June state loan payment. The second phase was to develop a general fund multiyear financial projection. FCMAT issued reports relative to this technical assistance on May 31, 2018 and July 2, 2018. The May 31 report concluded the district would have a positive general fund balance and cash flow position on June 30, 2018. The July 2 report made 18 recommendations that would lessen the district’s risk of potential insolvency. During the time a state administrator was in place (2003-2009) FCMAT conducted regular assessments of the district’s operations that were documented in written status reports. FCMAT issued its last comprehensive review report on December 5, 2008 – its sixth in the series. As previously noted, at the request of the district, FCMAT conducted a fiscal health risk analysis of the district in August 2017. Current Financial Status Adopted Budget The district’s governing board adopted the 2018-19 fiscal year budget on June 27, 2018. This budget reflected a net increase in the general fund of $22,461,032. Beginning fund balance for the general fund was estimated to be $25,708,250, with an ending fund balance estimated at $48,169,282. The budget was built on revenue estimates driven by industry standard assumptions along with estimated funded average daily attendance of 35,340. The multiyear projection showed a positive fund balance trend in 2019-20, increasing the estimated fund balance by $12,231,142, which resulted in estimated ending fund balance of $60,400,425. In the third year of the multiyear projection, 2020-21, a net decrease/deficit of $9,189,833 was estimated, bringing the estimated ending fund balance on June 30, 2021 to $51,210,592. The Alameda COE performed the review and analysis of the adopted budget and on September 6, 2018, conditionally approved the district’s 2018-19 adopted budget, pending receipt and analysis of the 2017-18 unaudited actuals report. The letter of conditional approval cites uncertainty with the district’s overall fiscal outlook. Also, the letter discusses that the solvency of the district is “largely dependent on the District’s ability to implement approximately $30 million of ongoing reductions in 2018-19.” (Exhibit A) On November 8, 2018, the district’s budget was approved by the Alameda COE, noting that the 2017-18 ending balance with the unaudited actuals report was higher than projected with the adopted budget. The letter states that the Alameda county superintendent “remains deeply concerned regarding OUSD’s fiscal health.” The unaudited actual ending general fund balance for 2017-18 was $56,587,852, which is $30,879,605 higher than estimated with the adopted budget. (Exhibit B) First Interim Report The district board approved the 2018-19 first interim budget on December 12, 2018 and self-certified the district as positive, able to meet its financial obligations in the current and two subsequent years. This budget reflected a net decrease (deficit) in the general fund of $23,272,299. Beginning fund balance for the general fund was reported to be $56,587,852, with an ending fund balance of $33,315,553. The 5 budget was built on revenue estimates driven by industry standard assumptions along with estimated funded average daily attendance of 34,989. The multiyear projection showed deficit spending of $4,643,090 in 2019-20, which resulted in an estimated ending fund balance of $28,672,463 at June 30, 2020. In the third year of the multiyear projection, 2020-21, a deficit of $669,683 was estimated, bringing the estimated ending fund balance at the end of June 2021 to be $28,002,780. The Alameda COE performed the review and analysis of the first interim budget and on January 15, 2019, changed the district’s certification status from positive to qualified, indicating that the district may not meet its financial obligations for the current and two subsequent years. The letter cited that the primary areas of concern with the first interim report related to the handling of audit adjustments resulting in a one-time impact as opposed to having an ongoing effect. Also, the letter requests further detail about the calculations/assumptions used to create the first interim report. Without such details, the letter states that the county superintendent “cannot determine with accuracy the condition of OUSD’s financial position.” (Exhibit C) A case could be made that without sufficient data details and a determi- nation of accuracy, the county superintendent could have downgraded the certification from positive to negative or designated the district as a lack of going concern. Status of Collective Bargaining On the evening of February 28, 2019, the district reached a tentative agreement with the Oakland Education Association. This report was finalized prior to the settlement, and FCMAT/Alameda COE staff will need time to analyze the impact of the settlement on the deficit calculation. An update to this letter will be done as soon as the data is available to incorporate. Negotiations at the district remain unsettled for 2017-18 and beyond. For Oakland Education Association (OEA), the parties made their initial proposals public on February 8, 2017, commenced bargaining, and after 30 bargaining sessions declared impasse on May 18, 2018. The OEA filed a request for a mediator on May 23, 2018. An agreement was reached on five of 16 open articles, leaving 11 open for negotiation. Because mediation failed to produce a complete agreement, factfinding hearings took place on January 31 and February 1, 2019. The neutral factfinder produced a report on February 15, 2019. This report recommends a three-year agreement to be negotiated for 2017-18 through 2019-20 with a 3% increase retroactive to July 1, 2017 and an additional 3% retroactive to July 1, 2018 on the certificated salary schedule, reopening the negoti- ations for the third year. (Exhibit D) All units remain unsettled, and the potential of a “me-too” settlement costs the district far more than just settling with OEA alone. The following chart demonstrates the full (across all units) settlement costs of the following proposals; factfinding, most recent district offer to OEA, and OEA request. • Factfinding: cumulative effective rate 6.09%, 3% for both 2017-18 and 2018-19 with start dates of July 1. • District offer: 1.5% for all of 2017-18 off schedule, 3% effective January 1, 2019, 2% effective January 1, 2020, 1% effective January 2, 2021 and 1% July 1, 2021. • OEA request: 3% for 2017-18, 4% for 2018-19, and 5% for 2019-20 with start dates of July 1. 6 Factfinding 2017-18 (to be paid in 2018-19) 3% on salary schedule 2018-19 3% on salary schedule (reopen the contract 2019-20 0% for negotiation) 2020-21 0% 2018-19 2019-20 2020-21 Cumulative Certificated $11,999,273 $5,934,501 $6,026,485 $23,960,259 Classified $5,697,961 $4,597,130 $4,637,125 $14,932,217 Benefits $4,551,214 $960,928 $1,212,173 $6,724,314 Total $22,248,448 $11,492,558 $11,875,783 $45,616,790 OUSD 2017-18 (to be paid in 2018-19) 1.50% off-salary schedule 2018-19 1.50% on salary schedule 2019-20 2.50% on salary schedule 2020-21 1.50% on salary schedule 2018-19 2019-20 2020-21 Certificated $5,911,978 $8,172,878 $11,507,478 $25,592,333 Classified $2,806,952 $3,817,402 $5,338,941 $11,963,296 Benefits $2,247,133 $1,242,562 $2,876,383 $6,366,078 Total $10,966,063 $13,232,842 $19,722,801 $43,921,707 OEA Request 2017-18 (to be paid in 2018-19) 3.00% on salary schedule 2018-19 4.00% on salary schedule 2019-20 5.00% on salary schedule 2020-21 0.00% 2018-19 2019-20 2020-21 Certificated $14,051,058 $25,103,502 $25,492,607 $64,647,167 Classified $6,663,312 $11,784,780 $11,887,308 $30,335,400 Benefits $5,364,183 $8,156,241 $8,892,568 $22,412,992 Total $26,078,552 $45,044,524 $46,272,482 $117,395,559 7 The district and OEA have 11 open articles that encompass more than compensation considerations. The cost of settlement data presented above represents only salary considerations and does not include the cost impact of any other terms being negotiated. The open articles include topics such as reducing class size, coun- selor staffing and increasing substitute salaries. The fiscal impact of these articles is unknown at this time. District Actions Since Budget Adoption On August 8, 2018, the district governing board unanimously approved resolution 18-19-0041 (Exhibit E), which stated: “absent a material positive change in the District’s projected revenues or reduction in District expenses, the District will be required to consider and implement budget reductions in force beginning in FY 2019-20 of at least 234 FTE Certificated positions and 104 FTE Classified, Management and Confidential positions for approximately $26.4 million to be identified on or before February 28, 2019, books and supplies of $400,000 and $3.5 million services and operating expenses to address the District’s negative ending fund balance.” At this meeting, the district board also approved a revised multiyear projection for 2019-20 and 2020-21 reflecting the reductions contained in resolution 18-19-0041 as well as the 45-day revision to reflect the adopted state budget. On August 22, 2018, the district governing board approved resolution 18-19-0007 (Exhibit F), which acknowledged insufficient funds in Measure J to complete all of the projected projects on the Measure J spending plan. The resolution revised the capital facilities spending plan, recommending reductions to specified projects to balance the spending plan. On September 12, 2018, the board received an update on the Fiscal Vitality Plan sharing the outline of the work, progress to date and review of next steps. Also at this meeting, the board approved a final response to a grand jury investigation report. (Exhibit G) The 2017-18 civil grand jury report was titled “Oakland Unified School District: Hard Choices Needed to Prevent Insolvency.” A summary of the findings with district responses is included below: Finding 18-6 Staff and Board efforts to circumvent established budgeting pol- District Response: District agrees with this finding with the icies along with board efforts to interfere in the administrative clarification that it does not believe the efforts referenced in the responsibilities of the superintendent invite financial instability and finding are intentional. contribute to Oakland Unified School District’s financial problems. Finding 18-7 Oakland Unified School District’s inability to control overstaffing District Response: The District agrees with this finding. The and poor position control decisions have contributed to the dis- District’s largest fiscal expenditures are salary and salary-driven trict’s financial instability. benefit costs. Finding 18-8 Lack of transparency related to Oakland Unified School District’s District Response: The District agrees in part with this finding financial positions has led to mistrust between the district, the but believes that other factors, including historical context in community, and labor organizations. Oakland and negative media coverage of the District contribute to distrust even with greater access to information. Finding 18-9 High turnover of key administrators has created an atmosphere District Response: The District disagrees with this finding. of mistrust, destroying the continuity of the district’s educational Although the overall strategic plan, Community Schools, Thriving mission, and crippling the district’s effectiveness in addressing its Students, has remained in place, each Superintendent’s initiatives most pressing fiscal issues. and focal points within the plan have varied. Finding 18-10 Financial instability and high staff turnover contribute to poor District Response: The District agrees in part with this finding student performance. but qualifies its response based on the myriad of factors that may impact student performance. Finding 18-11 Operating 86 schools is unsustainable and will lead the district to District Response: The District agrees with this finding in part. insolvency. Assuming that all current conditions, including revenue, enroll- ment, class sizes, staffing levels, number of schools, and expens- es, remain the same, the District will continue to operate at a fiscal deficit and will become insolvent. Reducing the number of District-operated schools is one way to reduce expenditures. Finding 18-12 Collaboration between traditional public schools and charter District Response: The District agrees with this finding in part. schools operating in the district benefit all students in Oakland The District does not believe that expending precious, limited Unified School District. resources fighting with charter schools is beneficial to students living in Oakland. 8 On October 24, 2018, the board discussed AB 1840, received a Fiscal Vitality Plan update from the Fiscal Vitality Committee and approved a budget revision that would inform budgetary changes to be included in the first interim report. On November 14, 2018, the board approved resolution 18-19-0013 from the Fiscal Vitality Committee (Exhibit H) that established three recommended guiding principles for budget development and priori- tization as the district defines the $30 million in reductions to be established per resolution 18-19-0041. Also at this board meeting, the board received a report outlining a timeline for the overall Citywide Plan and an update on the Citywide Map. (Exhibit I) On December 12, 2018, the board approved the district’s first interim report. On January 9, 2019, a 2019-20 fiscal year district budget reduction proposal was presented (Exhibit J) adopting principles from resolution 18-19-0013 and various scenarios with levels of reductions in staff. On January 23, 2019, an update was provided to the 2019-20 fiscal year district budget reduction (Exhibit K) that refined the recommendations and incorporated the Governor’s January proposed state budget assumptions and the impacts of those assumptions on the district’s budget for 2019-20 and beyond. On January 28, 2019, the district board approved resolution 18-19-0143 (Exhibit L) to approve the Coliseum College Preparatory Academy expansion and Roots International Academy closure, per the Blueprint for Quality Schools. On February 6, 2019, resolution 18-19-0144 (Exhibit M), to be approved on February 11, was presented for a first reading. This resolution reduced the amount needed for 2019-20 budget reduction from $30 million (as determined in August 2018) to $21.7 million. On February 11, 2019, the district board received reports based on 2019-20 fiscal year reductions: • Changes to school allocations • Staffing changes by FTE and resource • Explanation of change to restricted funds as a result of reductions • Program adjustments • Resolution 18-19-0144 was not approved. On February 19, 2019, the district board received feedback from staff and stakeholders about the restorative justice program, which was recommended at the February 6, 2019 meeting to be eliminated. Resolution 18-19-0144 was rescheduled to be approved on February 27, 2019. On February 27, 2019, the board meeting was cancelled and approval of resolution 18-19-0144 was further delayed. Deficit Calculation On the evening of February 28, 2019, the district reached a tentative agreement with the Oakland Education Association. This report was finalized prior to the settlement, and FCMAT/Alameda COE staff will need time to analyze the impact of the settlement on the deficit calculation. An update to this letter will be done as soon as the data is available to incorporate. 9 FCMAT Analysis of MYP Deficit in 2019-20 and 2020-21 To validate the calculations on the first interim multiyear projection (MYP), FCMAT, in collaboration with the Alameda COE, performed the following tasks: • reconciled budget, payroll and position control • created a new LCFF projection; updating enrollment and ADA calculations • verified utilization of parcel taxes per each measure’s stated purpose • verified audit adjustments and corresponding journal entries • performed budget to actuals analysis for the current year • balanced restricted resources for 2019-20 and 2020-21 Many updates were made to the current year (2018-19) and subsequent years to arrive at the projected deficit spending utilized in this report. These calculations are based on what is known at the time this report is being written and will likely change in the weeks ahead. Using the assumptions below, FCMAT calculated general fund deficit for the three years of the MYP as follows: • Salary settlement: no cost increases included for any bargaining unit settlement • RDA revenues: $8 million classified as unrestricted • Parcel tax: included parcel tax G1 contributions of $5 million • Expenditure reductions per board resolution: no reductions included • Books and supplies expense reduction to all three years of MYFP • Routine Restricted Maintenance has been budgeted at the full contribution rate of 3% for all three years of the MYFP Unrestricted Restricted Combined 2018-19 $11,818,473 ($20,782,442) ($8,963,969) 2019-20 $2,013,453 ($8,382,342) ($6,368,889) 2020-21 ($5,929,608) ($9,775,069) ($15,704,677) A copy of the MYP is included with this report as Exhibit N. COE Intervention Costs to be Added to Deficit Calculation The Alameda COE estimates a total of 7,320 hours for 2019-20 to provide support and intervention to the district to comply with AB 1840. The total cost for this support is $1,427,588. For 2020-21, the Alameda COE anticipates fewer hours of support, with a cost estimate of $1,204,400. (Exhibit O) Other considerations added/subtracted from the deficit amounts listed above: • Any settled salary increases or negotiated costs should be considered as an addition to the deficit calculation. Depending on the terms of any settlement, the salary values range from a low of $11,492,558 to a high of $45,044,524 for 2019-20, and a range of $11,875,783 to $46,272,482 for 2020-21 based on the data presented earlier in this report. 10 • Additionally, any costs associated with articles other than salary will need to be added to the deficit calculation. As stated above, those costs are undetermined at this time and could change as collective bargaining comes to a close. Opportunities and Challenges to Deficit Calculation • The status of labor negotiations poses a significant challenge to the district’s deficit calculation. The fact that the district is over 18 months beyond the expiration of the most recent collective bargaining agreement represents a fiscal liability for the district depending on settlement terms and effective dates. Uncertainty promotes instability and forces limitations on the projection of meaningful MYP surpluses/deficits. As indicated, costs of the various proposals can be found earlier in this report. • Employee turnover, lack of capacity and training of staff in the business department and other key functions creates significant challenges to the production of accurate and timely data for decision-makers and stakeholders. This challenge also promotes a significant lack of trust and credibility in the district’s budgetary data, and as a result, a lack of acceptable and understanding of any fiscal challenges that may impact the district’s ability to provide services. This challenge should not be confused with a lack of staff. Ample staff exists to perform the necessary duties, but capacity to do so is limited. AB 1840 Benchmarks Required Benchmarks In addition to the district established benchmarks, Education Code 42160(c) provides a list of bench- marks to be measured as a condition of apportionment of one-time funds to assist the district. The benchmarks are listed below along with a brief detail of district status with regard to each of these bench- marks: 1. Completion of comprehensive operational reviews that compare the needs of the school district with similar school districts and provide data and recommendations regarding changes the school district can make to achieve fiscal sustainability. Status: Alameda COE has sought a contract with a fiscal consultant who will perform the following review by March 2019: • Assess the district’s fiscal operations in the functional areas of accounts payable, procurement, payroll, and accounting. Provide a report of findings that focuses on the functional areas, listing their strengths and weaknesses, proposing recommendations for their improvement, and identifying impediments to their improvement. FCMAT believes the scope of this engagement is not sufficiently comprehensive because it does not include a comparison of the district’s organization and staffing structure with similar districts as required by 42160(c)(1). • Collaborate with Alameda COE on district needs and provide leadership, mentoring, guidance and support to the district in school business and operations, accounting and budgeting as well as accounting, payroll, purchasing, accounts payable, maintenance 11 and operations, facilities, property liability, workers’ compensation and any other areas needed by duties as requested by the county superintendent. • Provide guidance for budget development and monitoring to include the LCFF calculations, trend analysis, multiyear projections, income and expenditures projections as well as guidance regarding budget monitoring and accounting to ensure fiscal support. Provide support, as requested, for district interim financial reports as required by state statute. • Review district financial reports, budgets, proposals, agreements and board policies as well as Alameda COE and state advisories to provide direction and advice as requested. • Analyze state budget activities and Alameda COE budget advisories and assist in training the district business office leadership and staff on pertinent revenue projections and expenditure calculations. • Collaborate with the Alameda COE on the form and frequency of reporting on status, updates and fiscal and operational findings and recommendations that may impact the district’s fiscal stability and financial health. 2. Adoption and implementation of necessary budgetary solutions, including the consol- idation of school sites. Status: Budgetary solutions are provided by means of Fiscal Vitality Plan and district board resolution 18-0041. Implementation is still a work in progress. Budgetary solutions were intended to be provided by means of adoption of the Fiscal Vitality Plan and board resolution 18-19-0144, which was not acted upon by the district’s own adopted deadline of February 28, 2019 as established in board resolution 18-0041. Consolidation of school sites is addressed as part of the Citywide Plan. 3. Completion and implementation of multiyear, fiscally solvent budgets and budget plans. Status: Details available in district benchmark Fiscal Vitality Plan below. 4. Qualification for positive certification pursuant to Article 3 (commencing with Section 42130) of Chapter 6. Status: As of first interim, the district self-certified positive but this certification was not supported by data, and the Alameda COE downgraded the certification to qualified based on a lack of information. Such absence of information could also be the basis for a negative certification or a lack of going concern (EC 42127.6). 5. Sale or lease of surplus property. Status: Details available in district benchmark Citywide Plan below. 12 6. Growth and maintenance of budgetary reserves. Status: With reductions as proposed in district board resolution 18-0041, the district could experience growth or maintenance of district reserves. However, subsequent action by the board to adopt the Fiscal Vitality Plan and proposed resolution 18-19-0144 to carry out the commitments of resolution 18-0041 have not been completed. 7. Approval of school district budgets by the Alameda COE. Status: The Alameda COE initially conditionally approved the district’s 2018-19 budget; the super- intendent later gave unconditional approval. District-Established Benchmarks Citywide Plan District Board Policy 6006 (June 2018) titled Quality School Development: Community of Schools calls for the district superintendent to draft a Citywide Plan that “promotes the long-term sustainability of publicly funded schools across Oakland that represent quality and equitable educational options.” The district has recognized that there are 10,000 empty seats in 86 schools within district boundaries and is striving to become more efficient with facilities. The first strategy under this plan is to implement the Blueprint for Quality Schools action plan to identify four cohorts of school changes. As a part of this plan, the district will identify on a citywide map the school sites that will be closing or merging with a nearby site. The following schools and properties will be included in the final citywide map: 1. Number and location of district-run schools a. Traditional schools b. Alternative schools c. Specialized schools 2. District early childhood education (pre-K) locations 3. District special education programs 4. Charter school locations 5. Number and location of surplus properties Cohort 1 was identified in June 2018. On January 28, 2019, the district board passed resolution 19-0095 (Exhibit L) to close Roots International School, which was initially to be part of Cohort 2. The district is addressing the need to downsize the facilities footprint through the Citywide Plan, which was planned to be approved by the district board on February 27, 2019, as shown below: 13 The board did not approve the Citywide Plan on February 27, 2019, as the board meeting was cancelled. Fiscal Vitality Plan The district’s Fiscal Vitality Plan was introduced on December 13, 2017 and is organized into three segments: Stability (short term plans), Recovery (medium term plans) and Vitality (long term plans). The Fiscal Vitality Plan was created as a response to a FCMAT Fiscal Health Risk Analysis that demonstrated many areas of need or improvement for the district. There are 23 recommendations for action to help rectify the district’s current fiscal health. Alameda COE monitors the progress of the recommendations. The most recent evaluation for the 23 recommendations is dated February 7, 2019 (Exhibit P). Below are the 23 recommendations and the status of each: Recommendation Status Restore the ending fund balance and maintain the state-mandated reserve for economic uncertainty In Progress Institute adjustments to existing central office positions In Progress Maximize the use of restricted revenue sources In Progress Evaluate central office-based contracts and books/supplies for possible freeze and capture of savings In Progress Pursue capture of donated days and/or furlough In Progress Adjust school per pupil allocations to capture savings In Progress Institute closer monitoring of contributions to other programs In Progress Update and implement budget forecast and projection practices In Progress Review and update cash flow monitoring practices In Progress Institute immediate protocols to limit and review spending among central office and school sites In Progress Plan for and adopt a balance budget that avoids future deficit spending In Progress Establish and conduct zero-based budgeting sessions with all central office practices In Progress Research, engage and implement a central office reorganization In Progress Institute and conduct monthly central office and school site budget monitoring practices Not Started Review, update and implement effective position control practices Not Started Develop a process for pre-approval of extra time employee payments In Progress Review and implement revised contract approval, processing and management procedures Not Started 14 Complete transition to Escape technology system to manage finance and human resource information Complete Review and execute on shifts in expense that maximize the use of restricted funds Making Progress over last year Review and engage school district and school leaders to re-establish appropriate budget roles and responsibilities In Progress Establish systems for the management and oversight of bargaining agreements In Progress Consider and act on recommendations from the Blueprint for Quality Schools review In Progress Future FCMAT Updates in Support of DOF and Legislative Action Future periodic letters will include updates on the various operational reviews, recommendations and plans to incorporate the recommendations in the fiscal stabilization plan, Citywide Plan and other applicable planning. The district is working on its second interim report. Additional periodic reports will be made once the 2019-20 budget is finalized (June 2019), when 2018-19 unaudited actuals are available (September 2019), and when other major milestones are reached. FCMAT will provide updates and progress reporting on benchmarks upon the following occurrences including (but not limited to): • Salary settlement • Results of operational reviews • Second interim report • June 30 progress review of benchmarks; 2019-20 budget review • Unaudited Actuals report • October 1 progress review of benchmarks Conclusion In accordance with Education Code Section 42160, FCMAT has determined that the school district’s 2019-20 projected operating deficit is as follows, with the caveat that there are several unknows at this point in time (e.g., status of negotiations): Fiscal Year 2018-19 2019-20 Projected Deficit ($8,963,969) ($6,368,889) COE Additional Support/Intervention ($1,427,588) ($1,204,400) Projected Revised Deficit ($10,391,557) ($7,573,289) As a reminder, any settled salary increases or negotiated costs, as well as any costs associated with articles other than salary need to be considered as an addition to the above deficit calculation. As stated above, those costs are undetermined at this time and could change as collective bargaining comes to a close. Sincerely, Tamara Ethier Fiscal Intervention Specialist 15 cc: L. Karen Monroe, Alameda County Superintendent of Schools Karen Stapf-Walters, Executive Director, California State Board of Education Nick Schweizer, Deputy Superintendent, California Department of Education Jeff Bell, Program Budget Manager, California Department of Finance Jessica Holmes, Assistant Program Budget Manager, California Department of Finance Chris Learned, State Trustee, Oakland Unified School District Gary Jones, Interim Associate Superintendent, Alameda County Office of Education Dr. Kyla Johnson-Trammell, Superintendent, Oakland USD 16 Exhibit A 17 18 Exhibit B November 8, 2018 Aimee Eng, President Board of Education Oakland Unified School District 1000 Broadway, Suite 680 Oakland, CA 94607 RE: 2018-19 Adopted Budget Approval Dear President Eng: As communicated in our letter dated September 6, 2018, the Alameda County Office of Education (ACOE) conditionally approved the Adopted Budget of the Oakland Unified School District (OUSD) for 2018-19. The approval of the Adopted Budget was contingent upon OUSD’s closure of fiscal year 2017-18 and the resulting beginning fund balance for 2018-19. By statute, ACOE is required to make a final determination regarding approval or disapproval by November 8, 2018. OUSD’s Unaudited Actuals Report was received by ACOE by the statutory deadline of September 15, 2018, and ACOE subsequently conducted a review of the report as submitted. While ACOE noted that the subsequent ending fund balance was higher than OUSD projected at Adopted Budget, and that OUSD was able to meet the 3% required minimum reserve in 2017-18, ACOE also notes that possible revenue adjustments (reductions) to the 2017-18 year, and ADA reassessments for FY 18-19, may be necessary at First Interim. While the resulting beginning fund balance for 2018-19 is anticipated to be adjusted downward at First Interim, ACOE’s review has determined that OUSD has met the minimum conditions for approval, as outlined by ACOE. OUSD’s 2018-19 Adopted Budget is therefore approved. However, ACOE remains deeply concerned regarding OUSD’s fiscal health, and expect OUSD to continue its efforts to align revenues with expenditures in an ongoing and sustainable manner. The continued restoration and maintenance of OUSD’s financial stability must remain a top priority as OUSD moves forward to implement the required reductions as expected with the passing of AB 1840. While OUSD has met the minimum conditions for approval of the 2018-19 Adopted Budget, ACOE concurs with the Fiscal Crisis & Management Assistance Team (FCMAT) that OUSD develop short- and long-term financial plans based on reasonable economic assumptions to implement those plans with a commitment to attaining fiscal solvency. Accordingly, ACOE acknowledges OUSD’s business staff’s efforts as they conduct a thorough review of all fiscal and operational areas, with a specific focus on budgetary projections, Special Education expenditures and OUSD’s cash flow. 19 I appreciate OUSD’s ongoing assistance during this process and look forward to reviewing the 2018-19 First Interim Report. Please feel free to contact me with any questions as we at ACOE continue to work collaboratively to ensure both fiscal and educational success. Sincerely, L. Karen Monroe Alameda County Superintendent of Schools cc: Board of Education, Oakland USD Kyla Johnson-Trammell, Superintendent, Oakland USD Marcus Battle, Chief Business Officer, Oakland USD Sondra Aguilera, Senior Deputy Chief, Continuous School Improvement Chris Learned, State Trustee, Oakland USD Tom Torlakson, State Superintendent of Public Instruction, CDE Nick Schweizer, Deputy Superintendent, CDE Michael Fine, Chief Executive Officer, FCMAT Gary Jones, Interim Associate Superintendent, ACOE Ingrid L. Roberson, Chief of Learning & Accountability, ACOE 20 Exhibit C January 15, 2019 Aimee Eng, President Board of Education Oakland Unified School District 1000 Broadway, Suite 680 Oakland, CA 94607 RE: 2018-19 First Interim Report Dear President Eng: The Oakland Unified School District (OUSD) filed a POSITIVE certification of the district’s First Interim Report for fiscal year 2018-19 with the Alameda County Office of Education (ACOE). In accordance with Education Code Section 42131, ACOE reviewed the First Interim Report, based on standards and criteria for fiscal stability adopted by the State Board of Education pursuant to Section 33127. ACOE’s review determined that OUSD may not meet its financial obligations for the current fiscal year and two subsequent fiscal years. Consequently, the certification shall be changed to QUALIFIED. The revised certification is based on the following areas of concern discovered in ARCeOduEc’se rde vPireiwor: Year ADA – Reduction in Fund Balance of $5,379,785 OUSD’s 2017-18 ADA was less than anticipated, reducing prior year LCFF Sources by $5,379,785. This amount is identified on Form 01I, Components of Ending Fund Balance – Assignments, as “Assigned-ADA Adjustments Prior Year,” rather than being accounted for as an Audit Adjustment. By accounting for the prior year adjustment to ADA as a one-year, 2018-19 Assignment rather than an Audit Adjustment, OUSD’s Beginning Fund Balances are not reduced in the two subsequent years by the $5,379,785. Therefore, the projected Ending Fund Balances for 2019-20 and 2020-21 on Form MYPI are overstated by $A5u,d37it9 A,7d8j5u.s tment – Reduction in Fund Balance of $1,225,000 The OUSD 2017-18 Annual Financial Report (Audit Report) contains an additional prior year fund balance reduction of $1,225,000 identified as “Fiscal year 2018 expenditures recognized in the succeeding period.” This audit adjustment was unknown to OUSD prior to the submission of their First Interim. 21 Aimee Eng, President Page 2 January 15, 2019 Reduced Current Year ADA – Reduction in Fund Balance of $2,400,000 The revised 2017-18 P-2 attendance report and the decreased 2018-19 CALPADS enrollment (certified) causes OUSD’s 2018-19 projected LCFF revenue to decrease from what was anticipated in the First Interim Report. Based on ACOE’s LCFF projections, OUSD will be funded at 95.55% of the CALPADS enrollment, which decreases OUSD’s LCFF revenue by approximately $2,400,000, or 128 ADA from OUSD’s Aesstsimumatpetsi. o ns The First Interim Report requires OUSD to submit a detailed accounting of the district’s assuAmSSpUtiMonPsT. ITOhNeS S ACS Form MYPI states: Please provide below or on a separate attachment, the assumptions used to determine the projections for the first and second subsequent fiscal years. Further, please include an explanation for any significant expenditure adjustments… Without the details of the First Interim Report’s assumptions, ACOE cannot determine with accuracy the condition of OUSD’s financial position. ACOE is concerned that OUSD’s Reserve for Economic Uncertainties in the two subsequent fiscal years may be insufficient to avert insolvency. My office remains committed to working collaboratively with the district to ensure its long-term fiscal health. If you have any questions or concerns regarding our review process, please feel free to call me at (510) 670-4140. Sincerely, L. Karen Monroe Alameda County Superintendent of Schools cc: Board of Education, Oakland USD Kyla Johnson-Trammell, Superintendent, Oakland USD Marcus Battle, Senior Business Officer, Oakland USD Tony Thurmond, Superintendent of Public Instruction Christopher Learned, Fiscal Oversight Trustee Gary Jones, Associate Superintendent, ACOE Teresa Santamaria, Chief of District & Business Advisory Services, ACOE 22 Exhibit D 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 Exhibit E OAKLAND UNIFIED SCHOOL DISTRICT GOVERNING BOARD RESOLUTION 1819-0041 CONFIRMING OAKLAND UNIFIED SCHOOL DISTRICT’S COMMITMENT TO FISCAL SOLVENCY WHEREAS, the Governing Board recognizes that the district is highly dependent on revenue from the State of California and that revenue source is dependent on the on-going stability of the California State economy; WHEREAS, the Governing Board recognizes that the Governor’s 2018/2019 Budget proposal projects out year increases tied to cost of living adjustments only, and that these budget components have a direct impact on the District’s multiyear projections; WHEREAS, the Governing Board further recognizes the impact of declining enrollment and increasing STRS/PERS pension costs on the District’s budget; WHEREAS, The Education Code specifies that on or before July 1 of each year each school district shall adopt a budget; WHEREAS, Education Code section 42127(c) provides, in relevant part, that the County Superintendent of Schools shall: “Determine whether the adopted budget will allow the school district to meet its financial obligations during the fiscal year and is consistent with a financial plan that will enable the school district to satisfy its multiyear financial commitments . . . [and] shall either conditionally approve or disapprove a budget that does not provide adequate assurance that the school district will meet its current and future obligations and resolve any problems identified in studies, reports, evaluations, or audits described in this paragraph.” WHEREAS, based on the District projections of revenue and expenditures and the District’s current fiscal challenges, it is projected that the District will not meet its required minimum reserves in the 2019-2020 and 2020-21 fiscal years, and the District will have a negative ending fund balance (currently estimated at approximately -20,300,000 and -$59,000,000 respectively); WHEREAS, the Governing Board desires to minimize the impact on the level of service and quality of staff and education programs for District students; WHEREAS, the Governing Board recognizes that the District’s health and welfare benefits package is a significant factor in the District’s ability to recruit and retain highly qualified teachers and staff, and the Governing Board is committed to minimizing the impact on the level of such benefits within the District’s fiscal constraints and without major disruption to plan benefits; WHEREAS, the Governing Board desires to avoid draconian budget reduction measures beginning in the 2019-2020 fiscal year; 58 WHEREAS, the Governing Board remains committed to collaboration with its employee representatives and bargaining units in addressing the District’s fiscal challenges in hopes of avoiding any draconian cuts to Reductions in Force; WHEREAS, the Governing Board recognizes that the current multiyear projection included in the District’s proposed budget projects a negative fund balance of approximately $20,300,000 in 2019-2020 fiscal year, and $59,000,000 in the 2020-2021 fiscal year, and further recognizes that the projections may increase or decrease depending on the final State revenue allocated to Proposition 98 as adopted by the State of California in the 2018-2019 and/or 2019-2020 state budget, or any other changes to the multi-year assumptions; WHEREAS, the Governing Board recognizes that if the District’s current fiscal circumstances do not change materially for the positive on or before January 31, 2019, then it will be necessary to either increase revenue and/or make appropriate expenditure reductions in order for the District to remain fiscally solvent beginning in FY 2019-20 and the two subsequent years fiscal as mandated by California State law; WHEREAS, the Governing Board has been advised of the risk in delaying reductions which may allow the projected negative ending fund balance (approximately -$59,000,000) by 2020-2021 to grow larger; NOW, THEREFORE, BE IT RESOLVED, based on the above recitals and in order to ensure that the Oakland Unified School District remains fiscally solvent, the Governing Board is committed to reducing expenditures in all budget areas including salaries, employee benefits, services and operating expenses, capital outlay, other outgoing and other financing sources; BE IT FURTHER RESOLVED that, absent a material positive change in the District’s projected revenues or reduction in District expenses, the District will be required to consider and implement budget reductions in force beginning in FY 2019-20 of at least 234 FTE Certificated positions and 104 FTE Classified, Management and Confidential positions for approximately $26.4 million to be identified on or before February 28, 2019, books and supplies of $400,000 and $3.5 million services and operating expenses to address the District’s negative ending fund balance. BE IT FURTHER RESOLVED that, given the District’s history of budget and fiscal miscalculations, the Board will require the District to establish a more conservative target for reductions to achieve a minimum of a 3% reserve beginning in FY 2019-20 in order to address unforeseen budgetary increases; BE IT FURTHER RESOLVED that, during the 2018-19 fiscal year, the District will work in collaboration with the bargaining units and the Board to provide alternatives to reductions in force which would be enacted in the absence of new money or equivalent savings identified by January 31, 2019; and BE IT ADDITIONALLY RESOLVED that the Governing Board is committed to explore and pursue any and all options to increase revenue including local, state, federal grants, and additional remedies as provided by the State. PASSED AND ADOPTED by the Governing Board of the Oakland Unified School District, Alameda County, State of California, on August 8, 2018, by the following vote: 59 Passed by the following vote: PREFERENTIAL AYE: None PREFERENTIAL NAYS: None PREFERENTIAL ABSTENTION: None PREFERENTIAL RECUSE None: PREFERENTIAL ABSENCE: Josue Chavez (Student Director), Yota Omosowho (Student Director) AYES: Jody London, Nina Senn, Shanthi Gonzales, James Harris, Vice President Jumoke Hinton Hodge, President Aimee Eng NOES: None ABSTAINED: None RECUSED: None ABSENT: Roseann Torres CERTIFICATION Wehereby certify that the foregoing is a full, true and correct copy of a Resolution passed at a Regular Meeting of the Governing Board of the Oakland Unified School District held on August 8, 2018. __________________________ Aimee Eng President, Governing Board __________________________ Kyla Johnson Trammell Secretary, Governing Board Legislative File No. 18-1723 Introduction Date: 8/8/18 Enactment No. 18-1266 Enactment Date 8/8/18 er 60 Exhibit F RESOLUTION OF THE BOARD OF EDUCATION OF THE OAKLAND UNIFIED SCHOOL DISTRICT NO. 1819-0007 District's Capital (Facilities) Program - Revised Spending Plan - August 2018 WHEREAS, in June 2012, Oakland voters passed Measure J, a $475 million School Facilities Improvement Bond; WHEREAS, the Facilities Master Plan developed in 2012 identified that the Facilities needs cost more than the funding sought by the bond measure; WHEREAS, as project scopes have expanded, construction costs have increased over time, and various circumstances have contributed to delays, there are insufficient funds in Measure J to complete all of the projected projects on the Measure J spending plan; WHEREAS, it is estimated that an additional $160 million would be needed to complete all of the committed Measure J projects as currently scoped and within the timeframes committed; WHEREAS, a framework was developed to determine which projects to reduce or defer to ensure that the District’s capital spending plan is balanced with resources; the framework recommends cuts that are: (1) furthest away from the classroom; (2) not yet in construction or furthest away from construction; (3) least harmful to the overall District and Facilities program, WHEREAS, the District’s Capital (Facilities) Program – Revised Spending Plan – August 2018 (attached as Exhibit A) applies this framework to recommend reductions to specified projects to balance the spending plan, NOW, THEREFORE, BE IT RESOLVED, the Board hereby adopts the revised District’s Capital (Facilities) Program – Revised Spending Plan – August 2018 attached hereto as Exhibit A and authorizes the use of Measures B and J , Measures B and J Interest, Fund 25 (Capital Facilities ) and Fund 35 (County School Facilities) Funds, as stated in Exhibit A, as the funding sources for related expenditures for facilities projects subject to the Board’s approval of the contracts, or other Board required authorizations, if any, for such expenditures. Passed by the following vote: PREFERENTIAL AYE: None PREFERENTIAL NOE: None Student Directors Chavez and Omosowho PREFERENTIAL ABSTENTION: 61 PREFERENTIAL RECUSED: None AYES: Jody London, Nina Senn, Roseann Torres, Shanthi Gonzales, President Aimee Eng Vice President Jumoke Hinton Hodge, James Harris NOES: ABSTAINED: None None RECUSED: None ABSENT: CERTIFICATION We hereby certify that the foregoing is a full, true and correct copy of a Resolution passed at a Regular Meeting of the Board of Education of the Oakland Unified School District, held on August 22, 2018. Legislative File Info. OAKLAND UNIFIED SCHOOL DISTRICT File ID Number: 18-1729 Introduction 8/1/18 Date: ___________________________________________ Aimee Eng Enactment 18-1395 President, Board of Education Number: Enactment Date: 8/22/18 os ___________________________________________ Kyla Johnson-Trammell Superintendent and Secretary, Board of Education Exhibit “A” - Revised Measure J Spending Plan 62 63 D TIBIHXE 8102 tsuguA - nalP gnidnepS desiveR - margorP )seitilicaF( latipaC s'tcirtsiD "A" tibihxE TNEMEGANAM & GNINNALP SEITILICAF 8102 ,61 tsuguA 8102 tsuguA - nalP gnidnuF desoporP weN 7102 enuJ - devorppA draoB fo yrammuS - secruoseR latipaC llA LATOT tseretnI J erusaeM tseretnI B erusaeM 52 dnuF 53 dnuF M56$ B erusaeM J erusaeM LATOT tseretnI B erusaeM M56$ B erusaeM J erusaeM segnahc noitcurtsnoC weN dna snoitazinredoM 000,000,13 $ - $ - $ - $ - $ - $ 000,000,13 $ 000,000,53 $ - $ - $ 000,000,53 $ tcejorP )ISC( evitaitinI raloS ainrofilaC 1 000,008,85 $ - $ - $ 000,000,01 $ - $ 000,008,11 $ 000,000,73 $ 000,000,74 $ - 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$ 000,005 $ 859,076,14 $ noitanidrooC margorP dnoB 84 000,005,2 $ - $ - $ - $ - $ - $ 000,005,2 $ 000,005,2 $ - $ - $ 000,005,2 $ nalP retsaM ytilicaF 94 000,012,2 $ - $ - $ - $ 000,012,2 $ - $ - $ - $ - $ - $ - $ noisurtnI retaW nlocniL 05 000,084,7 $ - $ 000,084,7 $ - $ - $ - $ - $ 000,084,8 $ 000,084,8 $ - $ - $ stcejorP mralA devorppA draoB roirP 15 000,424,006 $ 000,005,2 $ 000,084,9 $ 000,007,83 $ 000,447,9 $ 000,000,56 $ 000,000,574 $ 000,084,945 $ 000,084,9 $ 000,000,56 $ 000,000,574 $ 6102/31/21 Exhibit G September 12, 2018 Presiding Judge Wynne Carvill Alameda County Superior Court 1225 Fallon Street, Department One Oakland, California 94612 Cassie Barner c/o Alameda County Grand Jury 1401 Lakeside Drive, Suite 1104 Oakland, California 94612 RE: Response to 2017-2018 Civil Grand Jury Report, “Oakland Unified School District: Hard Choices Needed To Prevent Insolvency” Dear Presiding Judge Carvill and Foreperson Barner: The Oakland Unified School District (the “District”) submits its Responses to the Findings and Recommendations from the 2017-2018 Civil Grand Jury Report, “Oakland Unified School District: Hard Choices Needed To Prevent Insolvency.” The District appreciates the Jurors' commitment to their role, thoroughness, and diligence in analyzing and understanding many of the complex and critical issues facing the District. The Civil Grand Jury exemplified the effectiveness of a panel of citizens to objectively analyze a component of the District’s operations and to provide thoughtful insight and recommendations to the District. The District appreciates the opportunity to raise awareness of these challenges, receive the candid feedback, and implement the recommendations. The District disagreed with some of the narrative preceding the Findings and Recommendations. However, since these facts did not materially change the District’s response to the findings and recommendations, the District only noted a few of the factual inaccuracies relating to the School of Language and Rudsdale Academy in its response. 64 Presiding Judge Wynne Carvill Foreperson Cassie Barner RE: Response to 2017-2018 Civil Grand Jury Report, “Oakland Unified School District: Hard Choices Needed To Prevent Insolvency” September 12, 2018 Page 2 of 2 Notably, at the beginning of the Civil Grand Jury’s service, the District began new leadership under the esteemed Dr. Kyla Johnson-Trammell, an Oakland native and long-time educator in the District. Dr. Johnson-Trammell engaged immediately to build a trusted, experienced team of business and fiscal experts to advise and implement improvements. In addition, the Board passed numerous new fiscal policies to help ensure that District staff was implementing the recommendations of the Fiscal Crisis Management Assistance Team (FCMAT) and to prioritize rebuilding fiscal reserves. The Board also reinstituted its Budget and Finance Advisory Committee and increased Board trainings and the number of board meetings focused on fiscal and budget topics. Although the hurdles are significant, the District believes it is on its way toward implementing the recommendations of the Grand Jury and becoming a fiscally sustainable, quality educational institution with students who are prepared for college, career and community success. Sincerely, Aimee Eng President of the Board AE:lf Attachment: Response to 2017-2018 Civil Grand Jury Report, “Oakland Unified School District: Hard Choices Needed To Prevent Insolvency” _______________________________________ 9/13/18 Aimee Eng President, Board of Education ______________________________________ 9/13/18 Kyla R. Johnson-Trammell Secretary, Board of Education Enactment No.: 18-1505 65 OAKLAND UNIFIED RESPONSE TO FINDINGS AND RECOMMENDATIONS Finding 18-6: Staff and Board of Education efforts to circumvent established budgeting policies along with board efforts to interfere in the administrative responsibilities of the superintendent invite financial instability and contribute to Oakland Unified School District’s financial problems. The District agrees with this finding with the clarification that it does not believe the efforts referenced in the finding are intentional. One component of the District’s theory of action is to maximize school site​-based decision-​making regarding staffing, finances, calendars, and programs. As a result, there are numerous board policies supporting each principal’s and particular school community’s fiscal and programmatic autonomy to best meet the needs of its school community. There is considerable research highlighting some of the advantages of this method of budgeting. S​ ee, e.g., ​Rennie Center for Education Research & Policy. (October 2012). S​ mart School Budgeting: Resources for Districts.​ Cambridge, MA: Rennie Center for Education Research & Policy.​ Some of the advantages for these budgeting policies are: “Those who best understand needs have the authority to make decisions. Provides greater control/ reporting of school-level data and greater school-level accountability. Staff/community given a voice, generating public support.” I​ d.​ On the other hand, however, these policies require substantial training and deeper understanding and attention to financial matters than alternative ways of budgeting. In a district with significant administrator turnover and deep instructional needs, these responsibilities can be challenging. Also, it can cause an otherwise “unified” system to have internal discord through numerous parts working separately on individualized goals and accountability. Some of the Board’s legislative proposals relating to creation of personnel positions tended to focus upon development of positions that could assist the Board in fulfilling its role in overseeing the District’s budget at a time when the District’s financial department was understaffed. These positions were proposed in adherence to the Board’s Bylaws and, ultimately, were not adopted by the majority of the Board. The Board has engaged in numerous trainings over the last 15 months to improve its governance. Finding 18-7: Oakland Unified School District’s inability to control overstaffing and poor position control decisions have contributed to the district’s financial instability. The District agrees with this finding. The District’s largest fiscal expenditures are salary and salary-driven benefit costs. To drive school improvement, the District has focused 66 on increases resources to schools, often in the form of staffing. In 2017, $419.2 million, approximately 80% of the District’s budget, was spent on employee salaries and benefits. During the same time, the statutorily required pension benefits for District employees continued to rise an additional 2% from the prior year’s increase without additional funding allocated for such purposes. In addition to increasing costs, in 2017, the District’s staffing at schools and District-wide support positions (such as substitutes, school security, custodial, nutrition services, and special education staff), increased by 621 general fund positions while central office general fund positions decreased by 383. This finding highlights the complexity of the District’s budget and enrollment patterns, and the pressure placed on specific school communities and the Board when the enrollment upon which school budgets were based changes. Each of the District’s eighty-seven schools gets its following school year’s budget allocation in the spring based on projected enrollment. Schools develop their staff assignments, class lists, and master bell schedule/ class offerings accordingly. After schools, school communities, and students are assigned to teachers, it is programmatically and politically difficult to make changes to staffing and scheduling after the school year begins and to adjust a school’s budget downward. Also, the District also often receives immigrant students, newcomers, and/or transfer students during the school year and need to ensure sufficient staffing to meet these late enrollment needs. Given teacher shortages and recruitment challenges, the District risks being unable to meet these needs if teachers are separated from employment based on enrollment in the first weeks of school. Unfortunately, the state funding model which is based on s​ tudent attendance​ rather than the f​ ixed costs​ of staffing classrooms disparately impacts districts like Oakland Unified that have large numbers of late enrollees and absenteeism due to chronic health conditions. Finding 18-8: Lack of transparency related to Oakland Unified School District’s financial positions has led to mistrust between the district, the community, and labor organizations. The District agrees in part with this finding but believes that other factors, including historical context in Oakland and negative media coverage of the District contribute to distrust even with greater access to information. Also, the District’s prior financial system, data management, and generation of reports were inconsistent and unreliable. One issue facing the District is how to best communicate complex fiscal information to a wide audience. For example, in January 2016, School Services of California and the District fiscal team presented information in the District’s public board meeting about the expectation of a slowdown in revenue as the Local Control Funding Formula “gap” funding started to narrow to only a cost of living increase while pensions costs were increasing; subsequent budget presentations continued to note this data. Yet, the complexity of the overall budget shielded awareness of this issue. 67 The District’s utilization of and access to data surpasses most other districts. All minutes, videos, and actions taken by the Board since 1999, including all budget presentations and all financial decisions impacting the District, are available in an easily searchable database on the District’s website at ​https://www.ousd.org/domain/67​. In our analysis of other school districts, few have this level of transparency and accessibility. In addition, the District’s Research and Development department maintain data dashboards (w​ ww.ousddata.org​) relating to student demographics, performance, discipline and attendance, teacher data, attendance patterns, accountability, wellness, climate and culture data, and post-secondary readiness data for use by the public. In spring 2016, the District also added comprehensive data dashboards of fiscal information that is viewable by school, department, resource, or expenditure type to analyze multiple years of fiscal data. (h​ ttps://www.ousd.org/fiscaltransparency​) Finding 18-9: High turnover of key administrators has created an atmosphere of mistrust, destroying the continuity of the district’s educational mission, and crippling the district’s effectiveness in addressing its most pressing fiscal issues. The District agrees with this finding. After the Board regained governance following state receivership, the District had five different Superintendents (two of which were interim superintendents) in nine years. Although the overall strategic plan, Community Schools, Thriving Students, has remained in place, each Superintendent’s initiatives and focal points within the plan have varied. Without clear leadership and focus, work within District departments and schools seemed less aligned and targeted. Similarly, during leadership transition, retention efforts of other key staff became more difficult which increased costs. Moreover, superintendent turnover required the Board to spend significant time and energy on recruiting, selection, and vetting of superintendent candidates rather than other important work of the Board. However, the investment in the selection process for Superintendent Kyla Johnson-Trammell has helped position the District on a new trajectory. As an Oakland native and acclaimed educator in OUSD, Dr. Johnson-Trammell has begun to rebuild the trust of the community and staff and is poised to stabilize and lead the District toward its vision. Finding 18-10: Financial instability and high staff turnover contribute to poor student performance. The District agrees in part with this finding but qualifies its response based on the myriad of factors that may impact student performance. The District believes that inadequate ​ educational funding, even if stable, detrimentally impacts student performance. For districts like Oakland Unified, where schools must serve a variety of student’s physical, mental, social, safety, linguistic, and academic needs, incremental 68 cost of living increases to educational funding that are insufficient to cover increasing mandated costs, will continue to contribute to poor student outcomes. Relatedly, research data reflects that high teacher and administrator turnover negatively impacts student performance, and adequate funding is a component of retention, particularly in the context of the current teacher shortage. Finding 18-11: Operating 86 schools is unsustainable and will lead the district to insolvency. The District agrees with this finding in part. Assuming that all current conditions, including revenue, enrollment, class sizes, staffing levels, number of schools, and expenses, remain the same, the District will continue to operate at a fiscal deficit and will become insolvent. Reducing the number of District-operated schools is one way to reduce expenditures. However, from prior experiences, the District believes that to reduce potential loss of enrollment (and corresponding revenues) and creating unintended consequences, school consolidations need to be thoughtful and focused upon increasing quality options for all students. As reflected in a comprehensive independent study, O​ akland Unified School District New Small Schools Initiative Evaluation ​ by Ash Vasudeva, Linda Darling-Hammond, Stephen Newton & Kenneth Montgomery The School Redesign Network at Stanford University, the Oakland community has indicated previously that it values small schools and many small schools were regarded as successful. These perspectives and outcomes must be balanced with the District’s resources and commitment to a City-wide system of high-quality schools. Alternatively, if the District increased enrollment or other revenue options, such as optimizing under-utilized property, or decreased expenses, the current school portfolio may be more sustainable. The Board, through its special committee on Fiscal Vitality, is currently exploring a variety of options and combinations of ways to eliminate the structural deficit. Lastly, there are some factual inaccuracies in the report relating to Rudsdale Academy and the School of Language (SOL). Contrary to the report, Rudsdale Academy is not a new school. Rudsdale Academy is an alternative high school that opened in 2001, prior to that it operated as a continuation high school and prior to that it was a traditional high school. Although SOL was a new school in 2017-18, there was a great deal of strategic planning, development, and community outreach for years preceding the formal Board vote to open the school. Oakland SOL was added to the District’s portfolio of schools in order to build a PK-12 multilingual pathway in alignment with the district’s strategic plan to “implement strategies that accelerate academic achievement while closing the opportunity gap” (OUSD Pathway to Excellence, 2014) and create strong pathways and feeder patterns in every Oakland neighborhood (OUSD Superintendent’s 2016-17 Workplan). The English Language Learner and Multilingual Achievement (ELLMA) office and the Office of Continuous School Improvement supported the launch of Oakland SOL middle school as a critical component of growing equitable dual 69 language/bilingual pathways in furtherance of the District’s 2015-2018 plan for improving outcomes for English Language Learners (ELL Roadmap for Success 2015-2018). This lengthy planning process and alignment to the District’s strategic plan, particularly for underserved students, was not captured in the grand jury’s report. Finding 18-12: Collaboration between traditional public schools and charter schools operating in the district benefit all students in Oakland Unified School District. The District agrees with this finding in part. The District does not believe that expending precious, limited resources fighting with charter schools is beneficial to students living in Oakland. The District agrees that collaborating with charters about school quality standards, enrollment and feeder patterns, professional development, placement of programs, special education, governance, fiscal transparency, equity and innovation would be beneficial to students in Oakland. However, there are some areas in which District schools and Charter schools have divergent interests and differential standards imposed by the Education Code. For example, California Charter School Association, on behalf of its Oakland charter school member(s), initiated and is currently pursuing litigation against the District which the District is vigorously defending. In spring 2018, the Board worked diligently to debate and discuss various issues relating to District and charter schools and the number of schools in Oakland. The discussions culminated in a robust, visionary, and collaborative new Board Policy 6006 System of Schools (attached). The work to build a City-wide plan for a coherent system of schools is ongoing and a retreat on the issue is anticipated for November 2018. Recommendation 18-7: The Oakland Unified School District Board of Education must participate in governance training, emphasizing that they are policy makers, not day-to-day administrators. This recommendation has been partially implemented. In 2017-18, the entire Governing Board engaged in numerous governance training retreats and special meetings with Ron Bennett of School Services of California (10/5/17), Barbara Anderson and Allan Alson through Panasonic Foundation (10/5/17, 1/20/18, 6/7/18), and Victor Carey of the National Equity Project (10/5/17). In addition, numerous individual board members engaged in individual professional development to assist them in their roles, including attending conferences of the Government Finance Officers Association, Council of Great City Schools, and California School Board Association. The Board has committed to ongoing governance training in the 2018-19 school year, including a 70 governance retreat/ new board member orientation planned for January 2019. Recommendation 18-8: The Oakland Unified School District Board of Education members must communicate with district officials through the superintendent. This recommendation has been partially implemented. In a Board Retreat in August 2018, the Superintendent and Board discussed communication protocols in which the Board would direct its communications through the Superintendent and her “CORE Team” of direct reports with a copy or summary to the Superintendent. The consensus of the Board agreed to such communication protocols, but the protocol has not been formally adopted in the Board’s Governance Handbook. Recommendation 18-9: The Oakland Unified School District must establish a position control system that tracks staff allocation and spending, and better interfaces with payroll systems. This recommendation has been partially implemented. In July 2018, the District transitioned to a new financial management system, “ESCAPE”, which is fully-integrated with and hosted on the Alameda County Office of Education’s servers. As a result, the District anticipates that it will have enhanced controls, data, uniformity, and support from the County. In addition, the District hired a new chief business officer, Marcus Battle, who has extensive business, finance, and systems experience. The District also hired a new Chief Financial Officer, Ofelia Roxas, who is a certified public accountant with experience in school districts and county offices of education. In addition to the ESCAPE implementation, the new business and operations team are in the process of updating fiscal policies and administrative regulations and identifying training needs of the District. In 2017-18, the Board passed a new reserve policy to help prioritize its reserves and ensure that the District was not overspending in staffing and also passed a resolution to monitor implementation of FCMAT’s recommendations. Recommendation 18-10: The Oakland Unified School District must provide school site administrators with comprehensive training regarding position control and budgetary policies. This recommendation has been partially implemented. In connection with the transition to a financial management system, ESCAPE, school site administrators, school support personnel, and central office staff were offered a series of trainings (April - August 71 2018) on how to use the new system. ESCAPE includes multiple levels of approvals for hiring, budget modifications, and purchasing transactions; greater keying error and omission safeguards; and more real-time, accurate information for users and supervisors to ensure compliance with budgetary policies. In addition, business leaders are reviewing and updating board policies and administrative regulations to recommend potential updates and improvements. As new policies are developed and training gaps identified, additional trainings and/or support for school site administrators will be developed. Recommendation 18-11: The Oakland Unified School District must not hire any new staff or institute any new program unless there is money in the budget beforehand to fund them. This recommendation has been implemented. Beginning in January 2018, any contracts that were submitted to the Board for approval were required to have a funding source with sufficient funds identified. Similarly, no position can be posted without the fiscal team identifying the budget and corresponding position code in the budget and no employee can be hired and begin work without a designated funding source. The District anticipates ongoing support and oversight from the Alameda County Office of Education, FCMAT and its state trustee to review budgeting and spending. Recommendation 18-12: The Oakland Unified School District must develop a transparent budget platform that better informs the Board of Education and the public regarding long-term consequences of financial decisions. This recommendation has been partially implemented. The District has a comprehensive, customizable database of its budget and historical budgets available on its website at ​https://www.ousd.org/fiscaltransparency​. In addition, the Board has appointed a special committee for Fiscal Vitality that is charged with, among other things, making recommendations to reduce the structural deficit. The special committee anticipates holding approximately fourteen meetings from August to December 2018 and is engaging community to build awareness and understanding and to exchange ideas for solutions. The meetings, like the District’s Board meetings, are recorded and available online. Although the historical and current information is available online, there are fewer resources available for the public regarding the potential future consequences of the District’s structural deficit. The Board is looking for ways to engage a broader, more diverse cross-section of the Oakland community beyond standard board meetings. 72 Exhibit H Board Office Use: Legislative File Info. File ID Number 18-2385 Introduction Date 11/14/18 Enactment Number 18-1787 Enactment Date 11/14/18 er Memo To Board of Education From Special Committee on Fiscal Vitality Shanthi Gonzales, Chair Aimee Eng James Harris Board Meeting Date November 14, 2018 Subject Resolution No. 1819-0013 Recommendations For 19/20 Budget Development and Prioritization from Special Committee on Fiscal Vitality Action Requested Approval by the Board of Education of Resolution No. 1819-0013 and Recommendations For 19/20 Budget Development and Prioritization from Recommendation Special Committee on Fiscal Vitality Background and The Special Committee on Fiscal Vitality has met over the fall to review key Discussion board policies and the Governance Theory of Action. The Committee created a set of recommendations for budget development and prioritization for the 19/20 school year and is asking the Board of Education to consider adopting the following key recommendations: 1. Implement BP 3150 2. Redesign the District 3. Competitive Employee Compensation 4. Commit to Shared Decision Making and Multi-Stakeholder Teams Fiscal Impact Reductions of $30 million Attachments • Resolution No. 1819-0013 Recommendations For 19/20 Budget Development and Prioritization from Special Committee on Fiscal Vitality www.ousd.org 73 RESOLUTION OF THE BOARD OF EDUCATION OF THE OAKLAND UNIFIED SCHOOL DISTRICT NO. 1819-0013 RECOMMENDATIONS FOR 19/20 BUDGET DEVELOPMENT AND PRIORITIZATION FROM SPECIAL COMMITTEE ON FISCAL VITALITY WHEREAS, the OUSD Board of Education is committed to the fiscal solvency of our School District; and WHEREAS, the Special Committee on Fiscal Vitality has met over the fall to review our key board policies and ground ourselves in our Governance Theory of Action; and WHEREAS, our learning and deliberations as a Committee have informed a set of recommendations for budget development and prioritization for the 19-20 school year for the consideration of the Board of Education. NOW, THEREFORE, BE IT RESOLVED, by March 1, 2019, the Board will identify and make ongoing reductions of ~$30 million (coupled with savings measures and efficiencies). These reductions should: ● align with the District’s Theory of Action; Board Policies (BP 3150, BP 3625, BP 6005, BP 6006); and Resolutions on Fiscal Vitality (Resolutions 1819-0041, 1718-0197A, and 1718- 0087A). ● show evidence that staff have incorporated feedback from the Fiscal Vitality Committee as well as key stakeholders and engagements, and ● comply with the Board adopted “Guiding Principles Regarding Budget Development and Prioritization”(Dec. 2017) BE IT FURTHER RESOLVED, In order to achieve our goals, the Committee is asking the Board to consider adopting the following key recommendations for implementation in 2019-20. 1. Implement BP 3150. In establishing budget priorities and reductions for school year 2019-20, apply BP 3150's allocation scheme, including restricting Central District-wide Administrative costs to 12% of general unrestricted revenues. Our expectation is that the number of school- and district-level administrators – particularly classified 1 74 administrators -- will be significantly reduced to be more in line with comparable districts and that resources to school sites will be maximized. 2. Redesign the District. Many centrally funded and managed initiatives are not aligned to existing Board Policies. The Committee recommends we use BP 3150, BP 3625, BP 6005, and BP 6006, and a zero-based budgeting approach to guide the restructuring of the District, and eliminate initiatives and programs that do not show evidence to support the rapid acceleration of students’ academic outcomes and improved social emotional well-being. The District’s Theory of Action states that the District will operate a “central office and the number and type of schools that we can sustain over time.” The redesign process will include reimagining how the central office is currently organized and identifying strategies to reduce the total number of schools the District operates. 3. Competitive Employee Compensation. Prioritize funds to enable the District to remain competitive in teacher compensation. Pursue and invest in strategies that show evidence of increasing teacher and leader retention. In order to do this, we recognize the need to reprioritize current investments in order to reallocate dollars. 4. Commit to Shared Decision Making and Multi-Stakeholder Teams. Direct Superintendent to form consult a multi-stakeholder leadership team which includes site-based leaders (including students, families, teachers, classified staff, principals, and central staff) to provide input, accelerate the work and ensure quality and equity remain central pillars in the District’s redesign process. This committeeThe consultations will meet take place between December 2018 and March 2019. PASSED AND ADOPTED this 14th day of November, 2018, at a Regular Meeting of the Governing Board by the following vote: PREFERENTIAL AYE: None PREFERENTIAL NO: None PREFERENTIAL ABSTENTION: None PREFERENTIAL RECUSE: None AYES: Jody London, Shanthi Gonzales, James Harris, Aimee Eng NOES: Jumoke Hinton Hodge ABSTAINED: None RECUSE: None ABSENT: Rose Ann Torres Yota Omosowho (Student Director) Josue Chavez (Student Director) 2 75 CERTIFICATION We hereby certify that the foregoing is a full, true and correct copy of a Resolution passed at a Regular Meeting of the Board of Education of the Oakland Unified School District, held on November 14, 2018. Legislative File Info. OAKLAND UNIFIED SCHOOL DISTRICT File ID Number: 18-2385 Introduction Date: 11/8/18 Enactment Number: 18-1787 Enactment Date: 11/14/18 er Aimee Eng President, Board of Education Kyla Johnson-Trammell Superintendent and Secretary, Board of Education 76 3 Board Office Use: Legislative File Info. File ID Number 18-2385 Introduction Date 11/14/18 Enactment Number 18-1787 Enactment Date 11/14/18 er Memo To Board of Education From Special Committee on Fiscal Vitality Shanthi Gonzales, Chair Aimee Eng James Harris Board Meeting Date November 14, 2018 Subject Resolution No. 1819-0013 Recommendations For 19/20 Budget Development and Prioritization from Special Committee on Fiscal Vitality Action Requested Approval by the Board of Education of Resolution No. 1819-0013 and Recommendations For 19/20 Budget Development and Prioritization from Recommendation Special Committee on Fiscal Vitality Background and The Special Committee on Fiscal Vitality has met over the fall to review key Discussion board policies and the Governance Theory of Action. The Committee created a set of recommendations for budget development and prioritization for the 19/20 school year and is asking the Board of Education to consider adopting the following key recommendations: 1. Implement BP 3150 2. Redesign the District 3. Competitive Employee Compensation 4. Commit to Shared Decision Making and Multi-Stakeholder Teams Fiscal Impact Reductions of $30 million Attachments • Resolution No. 1819-0013 Recommendations For 19/20 Budget Development and Prioritization from Special Committee on Fiscal Vitality www.ousd.org 77 RESOLUTION OF THE BOARD OF EDUCATION OF THE OAKLAND UNIFIED SCHOOL DISTRICT NO. 1819-0013 RECOMMENDATIONS FOR 19/20 BUDGET DEVELOPMENT AND PRIORITIZATION FROM SPECIAL COMMITTEE ON FISCAL VITALITY WHEREAS, the OUSD Board of Education is committed to the fiscal solvency of our School District; and WHEREAS, the Special Committee on Fiscal Vitality has met over the fall to review our key board policies and ground ourselves in our Governance Theory of Action; and WHEREAS, our learning and deliberations as a Committee have informed a set of recommendations for budget development and prioritization for the 19-20 school year for the consideration of the Board of Education. NOW, THEREFORE, BE IT RESOLVED, by March 1, 2019, the Board will identify and make ongoing reductions of ~$30 million (coupled with savings measures and efficiencies). These reductions should: ● align with the District’s Theory of Action; Board Policies (BP 3150, BP 3625, BP 6005, BP 6006); and Resolutions on Fiscal Vitality (Resolutions 1819-0041, 1718-0197A, and 1718- 0087A). ● show evidence that staff have incorporated feedback from the Fiscal Vitality Committee as well as key stakeholders and engagements, and ● comply with the Board adopted “Guiding Principles Regarding Budget Development and Prioritization”(Dec. 2017) BE IT FURTHER RESOLVED, In order to achieve our goals, the Committee is asking the Board to consider adopting the following key recommendations for implementation in 2019-20. 1. Implement BP 3150. In establishing budget priorities and reductions for school year 2019-20, apply BP 3150's allocation scheme, including restricting Central District-wide Administrative costs to 12% of general unrestricted revenues. Our expectation is that the number of school- and district-level administrators – particularly classified 1 78 administrators -- will be significantly reduced to be more in line with comparable districts and that resources to school sites will be maximized. 2. Redesign the District. Many centrally funded and managed initiatives are not aligned to existing Board Policies. The Committee recommends we use BP 3150, BP 3625, BP 6005, and BP 6006, and a zero-based budgeting approach to guide the restructuring of the District, and eliminate initiatives and programs that do not show evidence to support the rapid acceleration of students’ academic outcomes and improved social emotional well-being. The District’s Theory of Action states that the District will operate a “central office and the number and type of schools that we can sustain over time.” The redesign process will include reimagining how the central office is currently organized and identifying strategies to reduce the total number of schools the District operates. 3. Competitive Employee Compensation. Prioritize funds to enable the District to remain competitive in teacher compensation. Pursue and invest in strategies that show evidence of increasing teacher and leader retention. In order to do this, we recognize the need to reprioritize current investments in order to reallocate dollars. 4. Commit to Shared Decision Making and Multi-Stakeholder Teams. Direct Superintendent to consult a multi-stakeholder leadership team which includes site- based leaders (including students, families, teachers, classified staff, principals, and central staff) to provide input, accelerate the work and ensure quality and equity remain central pillars in the District’s redesign process. The consultations will take place between December 2018 and March 2019. PASSED AND ADOPTED this 14th day of November, 2018, at a Regular Meeting of the Governing Board by the following vote: PREFERENTIAL AYE: None PREFERENTIAL NO: None PREFERENTIAL ABSTENTION: None PREFERENTIAL RECUSE: None AYES: Jody London, Shanthi Gonzales, James Harris, Aimee Eng NOES: Jumoke Hinton Hodge ABSTAINED: None RECUSE: None ABSENT: Rose Ann Torres Yota Omosowho (Student Director) Josue Chavez (Student Director) 2 79 CERTIFICATION We hereby certify that the foregoing is a full, true and correct copy of a Resolution passed at a Regular Meeting of the Board of Education of the Oakland Unified School District, held on November 14, 2018. Legislative File Info. OAKLAND UNIFIED SCHOOL DISTRICT File ID Number: 18-2385 Introduction Date: 11/8/18 Enactment Number: 18-1787 Enactment Date: 11/14/18 er Aimee Eng President, Board of Education Kyla Johnson-Trammell Superintendent and Secretary, Board of Education 3 80 Exhibit I 81 :nalP ediwytiC sloohcS fo ytinummoC paM ediwytiC a drawoT 8102 ,41 rebmevoN tnednetnirepuS ,llemmarT-nosnhoJ alyK tnemevorpmI loohcS suounitnoC ,feihC ytupeD ,areliugA ardnoS 82 sU dnuorG noissiM dnA noisiV ruO yoj dnif lliw stneduts DSUO llA :noisiV ecneirepxe gninrael cimedaca rieht ni ot slliks eht htiw gnitaudarg elihw ,tnetepmoc ,gnirac era yeht erusne era ohw srekniht lacitirc ,demrofni-ylluf dna ,reerac ,egelloc rof deraperp .sseccus ytinummoc ecivreS lluF a emoceb oT :noissiM hgih no desucof tcirtsiD ytinummoC eht gnivres elihw tnemeveihca cimedaca ,ytiuqE ,ytilauQ :selpicnirP yeK dna ,ytiuqeni gnitanimile ,dlihc elohw ytilibaniatsuS lacsiF dna sseccA tnellecxe htiw dlihc hcae gnidivorp .yad yreve ,srehcaet 2 83 hcaer ot redro ni evlos ot gniyrt era ew tahW ?noisiv dna noissim ruo ytilibaniatsuS & ytilatiV lacsiF tnemllorne regral htiw sloohcs decruoser retteb ,rewef deen eW ● ytiuqE & ytilauQ yreve rof doohrobhgien yreve ni smargorp ytilauq retteb deen eW ● tneduts sseccA & ytiuqE emoh ot resolc sloohcs ytilauq ot ssecca deen eW ● loohcs hgih hguorht K-erp morf snrettap redeef lanoiger deen eW ● 3 84 )6006 PB( yciloP sloohcS fo ytinummoC ,tnemllornE ,noitazirohtuA retrahC ,tnemeganaM tessA :ycilop ni dednuorg nalP ediwytiC A tnempoleveD loohcS ytilauQ dna ,ecnanrevoG loohcS ,gnitegduB desaB stluseR ,ytiuqE dnaseitreporp sulprus dna ,deziliturednu ,tnacav egarevel tseB dnalkaO lla egagne yllacigetarts otstnemeerga esu ytilicaf ezilitu A seitilicaF rof snoitpo ytilauq hgih yfitnedi ;retrahc ro tcirtsid-sloohcs cilbup smargorp cimedaca ot- retrahc ro tcirtsid sloohcs cilbup dnalkaO lla htiw kroW B erom erusne ot dnalkaO ssorcasnrettap redeef etalucitra retteb noitatropsnarT & tnemllornE .seilimaf rof ytilibatciderp erusne otytilibatnuocca dna thgisrevo ni elor ruo nehtgnertS hgih a gnidivorp era dnalkaO ni gnitarepo sloohcs retrahc lla taht noitazirohtuA retrahC C .seitiuqeni sserdda ot gnikrow dna noitacude ytilauq ,.g.e( ,sloohcs scilbup dnalkaO lla ssorca secitcarp tseb erahS ytilauQ & elbatiuqE ot sseccA fo noitneter dna tnemtiurcer ,tnempoleved lanoisseforp D lla rof ssecca lanoitacude elbatiuqe evorpmi taht )srotacude lla rof noitacudE .stneduts dnalkaO dna sloohcs DSUO nihtiwnoitavonni deunitnoc troppus tseB E nihtiw snoitpo loohcs ytilauq-hgih fo rebmun eht etarelecca seimonotuA denifeD DSUO 4 85 nalP ediwytiC A :sloohcS fo ytinummoC paM ediwytiC raeY 5 seitilicaF rof tnirpeulB loohcS ytilauQ nalP retsaM -stessA seitilicaF sloohcS ytilauQ & sdradnatS ytreporP sulpruS etadpU denifeD 2 trohoC evorppA ot eettimmoC 11-7 atad seitilicaf yaM ni seimonotuA sulprus eralced rof nalp dna gnitsixe etadpU elbatrop enuJ yb ytreporp stnemucod ecnadiug yb lavomer enuJ yb enuJ retrahC /tnemllornE spihsrentraP snrettaP redeeF mreT gnoL yfitnedI dna snrettap redeef yfitnedI yb airetirC esaeL 9102 ni nalp tnemllorne rebmeceD ygetartS evisneherpmoC detcennocretnI nA 5 86 yadoT rof semoctuO stnenopmoc lla gnidulcni ,nalP ediwytiC llarevo eht rof enilemit eht enifed oT )1 yciloP sloohcS fo ytinummoC eht ni detacidni paM ediwytiC fo tnempoleveD eht no sucoF :etadpU s’yadoT )2 ni devorppa eb ot paM ediwytiC eht ni dedulcni eb lliw tahw enifeD ■ yraurbeF raf suht detcudnoc sesylana eht fo gnidnatsrednu derahs a poleveD ■ paM ediwytiC a gnitaerc drawot 6 87 nalP ediwytiC eht rof stnemegagnE draoB yeK fo enilemiT 2 trohoC tnirpeulB paM ediwytiC rof airetirC :paM ediwytiC tessA tessA ,)lavorppa( )lavorppa( mreT gnoL ot sesylanA ataD tnemeganaM seitilicaF & tnemeganaM seimonotuA denifeD rof sesaeL lanif mrofni taerteR sretrahC tcudorp )lavorppa( nalP retsaM )weiverp( 9102 ,22 yaM 9102 ,72 .beF 8102 ,5 .ceD 8102 ,41.voN 8102 ,8 .tpeS noisseS ydutS sredlohekatS htiw noitacinummoC & tnemegagnE ytinummoC 9102 ,42 lirpA 9102 ,71 lirpA 9102 ,31 .beF 8102 ,62 .tpeS noisseS ydutS paM )tnirptooF( ediwytiC tnemeganaM tessA 2 trohoC tnirpeulB :1 trohoC tnirpeulB )daer tsrif( retsaM seitilicaF & htiw( eviD peeD lasoporP noisnapxE tseW teM 2 & 1 trohoC tnirpeulB etadpU nalP )sisylana tcapmi lacsif lavorppA )weiverp( etadpU 7 88 paM ediwytiC eht gninifeD drawoT ni devorppa eb ot paM ediwytiC lanif eht ni dedulcni eb lliw tahW ?yraurbeF sloohcs nur-tcirtsid fo snoitacol dna rebmuN - raeY 5 ediwytiC sa hcus sloohcs dezilaiceps ,sloohcs evitanretla ,sloohcs lanoitidarT paM smargorp egaugnal laud snoitacol )K-erp( noitacude doohdlihc ylrae DSUO - smargorp noitacudE laicepS DSUO - snoitacol loohcs retrahC - seitreporp sulprus fo noitacol dna rebmuN - eht fo tnempoleved eht no etadpu s’yadot eht ni dedulcni eb lliw tahW ?paM ediwytiC eht fo tnempoleved eht mrofni ot detcudnoc sesylana laitini owT - nalP ediwytiC 8 89 sesylanA laitinI fo weivrevO sisylanA noitacoL sisylanA yticapaC sisylanA noitacollA noitacoL .2 sisylanA yticapaC ytilicaF .1 rof snoitacol lamitpo eht era erehW fo rebmun muminim eht si tahW stneduts erehw no desab sloohcs erehw no desab deen ew sloohcs ruo era yawa raf woh dna ,EVIL eht dna loohcs ot OG stneduts ?seitilicaf gnitsixe gnitsixe ruo fo yticapac taes ?seitilicaf ton od dna ,noisiver lanoitidda htiw egnahc ot tcejbus era stluseR :etoN .rewsna lanif ro noisulcnoc a tneserper 9 90 ... t’nsi ti tahW …si ti tahW ... sesylana owt esehT .paM ediwytiC a ot gnitubirtnoc seires a ni tsrif eht era … ● .sloohcs nur-tcirtsid fo sisylana no desab ylelos era … ● .etadilosnoc ro esolc ot setis ynam woh ro hcihw gniyfitnedi ton era ... ● ,smargorp noitacude laiceps ,noitacude evitanretla gnidulcni tey ton era … ● ro epyt margorp no atad ;sloohcs retrahc ,smargorp dezilaiceps htiw sloohcs eb lliw snoitaredisnoc esehT .ytreporp sulprus ro ;snoitidnoc ytilicaf ,ytilauq rof paM ediwytiC eht fo tnempoleved ni sesylana tneuqesbus ni desserdda .dnoyeb dna 3202 .snoitareti rehtruf htiw egnahc yam dna yranimilerp era … ● 01 91 1 traP sisylanA yticapaC paM ediwytiC a drawoT yticapaC ytilicaF .sv tnemllornE detcejorP sisylanA erehw no desab deen ew sloohcs fo rebmun muminim eht si tahW ?seitilicaf gnitsixe ruo fo yticapac taes eht dna loohcs ot OG stneduts )DAR( ataD & tnemssessA hcraeseR & tnemllornE fo eciffO gniW naeJ dna ,grebliV aiaK ,ekdaR nasuS ,uX anaN 8102-01 92 ?detcudnoc sisylana eht saw woH sisylanA yticapaC :erapmoc ,snoigeR )ARS( sisylanA lanoigeR cigetartS 5 fo hcae nihtiW ot *detcepxe stneduts # seitilicaf loohcs ni staes # .sv hcae ni sloohcs DSUO dnetta noiger hcae ni 3202 ni noiger sihT .sesylana etarapes ni deredisnoc eb lliw dna ereh dedulcni ton era sloohcs dezilaicepS :etoN 1 tsael ta taht semussa sisylana sihT .sloohcs retrahc no atad edulcni ton seod osla sisylana .noiger hcae ni dedeen eb lliw loohcs hgih dna ,elddim ,yratnemele lanoitidart .noitamrofni erom rof xidneppa eeS .seigetartS evitarepooC/sbocaJ yb dedivorp erew srebmun tnemllorne detcejorP* 21 93 snoigeR )ARS( sisylanA lanoigeR cigetartS sisylanA yticapaC lartneC tsaE tsaehtroN tsewhtroN tseW 31 94 noigeR LARTNEC sisylanA yticapaC *sah noiger lartnec eht ,yltnerruC sloohcs yratnemele 7 ● sloohcs 8-K 1 ● loohcs elddim 1 ● loohcs hgih 1 ● ylno sloohcs nur-tcirtsiD* 41 95 LARTNEC 8-K & yratnemelE sisylanA yticapaC eht dna ,loohcs hcae fo yticapac taes eht ,3202 ni stneduts # detcejorp eht swohs elbat ehT .)staes # htiw stneduts # gnirapmoc yb detaluclac( egatrohs/sulprus /sulpruS ytilicaF staes 167 = sulprus 8-K + 5-K noitcejorP epyT emaN loohcS # egatrohS *yticapaC 66 974 314 5-K atsiV alleB 1 8-K dna 5-K troppus dluoc eW 1 ot pu htiw tnemllorne detcejorp 31 014 793 5-K dnalevelC 2 .loohcs nur-tcirtsid DSUO rewef 152 229 176 5-K nilknarF 3 371 747 475 5-K dleifraG 4 derahs 1 etadilosnoc osla dluoc eW .noiger eht ni supmac yratnemele 47 977 507 5-K nlocniL 5 6 494 5-K /ytinummoC atinaznaM 011 610,1 7 214 5-K DEES atinaznaM 47 245 864 8-K atileucsE aL 8 2 ot pu noitcudeR latoT 167 598,4 431,4 latoT sloohcs .seitilicaf tnenamrep dna yraropmet htob ni staes sedulcni yticapac ytilicaF* 51 96 LARTNEC hgiH & elddiM sisylanA yticapaC eht dna ,loohcs hcae fo yticapac taes eht ,3202 ni stneduts # detcejorp eht swohs elbat ehT .)staes # htiw stneduts # gnirapmoc yb detaluclac( egatrohs/sulprus /sulpruS ytilicaF loohcS noitcejorP epyT # egatrohS *yticapaC emaN = sulprus loohcs elddiM 101 **706 605 elddiM tlevesooR 1 staes 101 /sulpruS ytilicaF noitcejorP epyT emaN loohcS # = egatrohs loohcs hgiH egatrohS *yticapaC staes 39 39- 234,1 525,1 hgiH hgiH dnalkaO 1 .noiger eht rof tnemllorne detcejorp eht troppus ot hguone egral si loohcs elddim tnerruc ehT .yticapac ytilicaf tnerruc eht deecxe loohcs hgih eht rof snoitcejorP sloohcs 0 fo noitcudeR latoT .seitilicaf tnenamrep dna yraropmet htob ni staes sedulcni yticapac ytilicaF* latot eht morf detcartbus neeb evah 9102 remmus ni devomer eb lliw taht selbatroP** .ereh yticapac 61 97 noigeR TSAE sisylanA yticapaC *sah noiger tsaE eht ,yltnerruC sloohcs yratnemele 02 ● sloohcs 8-K 2 ● sloohcs elddim 7 ● sloohcs 21-6 3 ● sloohcs hgih 2 ● ylno sloohcs nur-tcirtsiD* 71 98 TSAE 8-K dna yratnemelE sisylanA yticapaC /sulpruS ytilicaF noitcejorP epyT emaN loohcS # staes 699,2 = sulprus 8-K + 5-K egatrohS *yticapaC 591 065 563 5-K eladnellA 1 161 406 344 5-K segdirB 2 482 065 672 5-K dleifkoorB 3 detcejorp 8-K dna 5-K troppus dluoc eW 823 5-K /detinU ytinummoC 4 113 419 572 5-K serutuF 5 DSUO rewef 6 ot pu htiw tnemllorne 562 475 903 5-K EDIRP dnalkaO tsaE 6 .sloohcs nur-tcirtsid 102 608 992 5-K /ssapmocnE 7 603 5-K dnaldooW NROCA 8 143 5-K /aznarepsE 9 09 487 derahs 5 etadilosnoc osla dluoc eW 353 5-K ustameroK 01 312 006 783 5-K elavtiurF 11 eht ni sloohcs yratnemele DSUO supmac 151 595 444 5-K **LWL/ylimaF labolG 21 .noiger 89 334 533 5-K nnaM ecaroH 31 091 205 213 5-K kraP nosidaM 41 082 695 613 5-K mahkraM 51 11 ot pu noitcudeR latoT 243 029 343 5-K /dnalhgiH weN 61 532 5-K ESIR 71 842 526 773 5-K **xoC/hcaeR 81 sloohcs 672 5-K /woN egelloC knihT 91 903 838 352 5-K ytinummoC lanoitanretnI 02 221- 654 875 8-K faelneerG 12 .seitilicaf tnenamrep dna yraropmet htob ni staes sedulcni yticapac ytilicaF* 022- 674 696 8-K pihsredaeL esorleM 22 eht ta loohcs retrahc detacol-oc a yb desu taht staes sedulcxe yticapac ytilicaF** 699,2 348,01 748,7 latoT .latot noitcejorp ni dedulcni ton tnemllorne retrahc detacol-oC .tnemssessa fo emit 81 99 TSAE 21-6 & elddiM sisylanA yticapaC /sulpruS ytilicaF noitcejorP epyT emaN loohcS # = sulprus 21-6 & elddiM egatrohS *yticapaC 713 elddiM /ecnaillA 1 staes 621,1 881 968 463 elddiM tsruhmlE 2 044 676 632 elddiM kcirF 3 31 832 522 elddiM LOS dnalkaO 4 detcejorp troppus dluoc eW 423 /elddiM /stooR 5 713 7901 rewef 2 ot pu htiw tnemllorne 654 21-6 **APCC 6 443 /elddiM /sseccuS rof detinU 7 .sloohcs elddim nur-tcirtsid DSUO 112 9101 464 21-6 **ymedacA efiL 8 87 824 053 elddiM esimorP nabrU 9 derahs 3 etadilosnoc osla dluoc eW 121- 606 727 21-6 reppU kraP nosidaM 01 .sesupmac 621,1 339,4 708,3 latoT elddim htiw sesupmac erahs taht sloohcs napsedarg 21-6 era efiL dna APCC taht etoN** .sloohcs 5 ot pu noitcudeR latoT sloohcs .seitilicaf tnenamrep dna yraropmet htob ni staes sedulcni yticapac ytilicaF* .sloohcs elddim htiw sesupmac erahs taht sloohcs napsedarg 21-6 era efiL dna APCC taht etoN** 91 100 TSAE sloohcS hgiH sisylanA yticapaC /sulpruS ytilicaF loohcS noitcejorP epyT # egatrohS *yticapaC emaN staes 752,1 = sulprus loohcS hgiH 077 306,1 338 hgiH tnomeltsaC 1 684 **002,1 417 hgiH tnomerF 2 detcejorp troppus dluoc eW 752,1 408,2 745,1 latoT rewef 1 ot pu htiw tnemllorne .loohcs hgih nur-tcirtsid DSUO 1 ot pu noitcudeR latoT loohcs .seitilicaf tnenamrep dna yraropmet htob ni staes sedulcni yticapac ytilicaF* .ereh nwohs si # taht os stneduts 002,1 esuoh ot dennalp si ytilicaf wen ehT** 02 101 noigeR TSAEHTRON sisylanA yticapaC noiger tsaehtroN eht ,yltnerruC *sah sloohcs yratnemele 7 ● loohcs 8-K 1 ● loohcs elddim 1 ● loohcs hgih 1 ● ylno sloohcs nur-tcirtsiD* 12 102 TSAEHTRON 8-K & yratnemelE sisylanA yticapaC /sulpruS ytilicaF noitcejorP epyT loohcS # egatrohS *yticapaC staes 613,1 = sulprus 8-K + 5-K 331 473 142 5-K retlahkcruB 1 053 835 881 5-K kcnuM lraC 2 422 764 342 5-K yellaV ssarG 3 detcejorp 8-K dna 5-K troppus dluoc eW 781 704 022 5-K drawoH 4 DSUO rewef 3 ot pu htiw tnemllorne 18 165 084 5-K leruaL 5 .sloohcs nur-tcirtsid 68 114 523 5-K sthgieH doowdeR 6 3 744 444 5-K aiouqeS 7 252 974 722 8-K rekraP 8 613,1 486,3 863,2 latoT 3 ot pu noitcudeR latoT sloohcs .seitilicaf tnenamrep dna yraropmet htob ni staes sedulcni yticapac ytilicaF* 22 103 TSAEHTRON hgiH & elddiM sisylanA yticapaC .nwohs osla era noiger eht rof snoitcejorp raey eviF .epyt loohcs yb woleb nwohs si yticapac ytilicaF = sulprus loohcs elddiM /sulpruS ytilicaF loohcS noitcejorP epyT # egatrohS *yticapaC emaN staes 473 473 368 984 elddiM etraH terB 1 = sulprus loohcs hgiH /sulpruS ytilicaF loohcS noitcejorP epyT # egatrohS *yticapaC emaN staes 222 222 909,1 786,1 hgiH enilykS 1 tnemllorne detcejorp eht troppus ot hguone egral era sloohcs hgih dna elddim tnerruc eht htoB .noiger eht rof sloohcs 0 fo noitcudeR latoT .seitilicaf tnenamrep dna yraropmet htob ni staes sedulcni yticapac ytilicaF* 32 104 noigeR TSEWHTRON sisylanA yticapaC tsewhtroN eht ,yltnerruC *sah noiger sloohcs yratnemele 01 ● loohcs 8-K 1 ● sloohcs elddim 3 ● loohcs hgih 1 ● weivnelG ylno sloohcs nur-tcirtsiD* 42 105 TSEWHTRON 8-K & yratnemelE sisylanA yticapaC /sulpruS ytilicaF noitcejorP epyT emaN loohcS # egatrohS *yticapaC staes 772 = sulprus 8-K + 5-K 45 495 045 5-K tobahC 1 701- 433 144 5-K sdnalhgiH rekcorC 2 evah sloohcs 8-K dna 5-K tnerruc ehT 021 444 423 5-K nosremE 3 92- 064 984 5-K **weivnelG 4 eht troppus ot yticapac tneiciffus 95 074 114 5-K relliM niuqaoJ 5 .tnemllorne detcejorp 82 382 552 5-K resiaK 6 57- 616 196 5-K rialctnoM 7 55 653 103 5-K atlareP 8 201 414 213 5-K evA tnomdeiP 9 19 674 583 5-K llihnrohT 01 12- 253 373 8-K tserclliH 11 772 997,4 225,4 latoT sloohcs 0 fo noitcudeR latoT .seitilicaf tnenamrep dna yraropmet htob ni staes sedulcni yticapac ytilicaF* .noitcurtsnoc rednu ytilicaf wen rof detamitse sa yticapaC** 52 106 TSEWHTRON hgiH & elddiM sisylanA yticapaC /sulpruS ytilicaF noitcejorP epyT emaN loohcS # egatrohS *yticapaC 82 174 344 elddiM tnomeralC 1 = sulprus loohcs elddiM 7- 287 987 elddiM rewerB andE 2 staes 532 412 789 377 elddiM aretnoM 3 532 042,2 500,2 latoT /sulpruS ytilicaF = sulprus loohcs hgiH noitcejorP epyT emaN loohcS # egatrohS *yticapaC staes 421 421 **199,1 768,1 hgiH hceT dnalkaO 1 rof tnemllorne detcejorp eht troppus ot hguone egral era sloohcs hgih dna elddim tnerruc eht htoB .noiger eht sloohcs 0 fo noitcudeR latoT .seitilicaf tnenamrep dna yraropmet htob ni staes sedulcni yticapac ytilicaF* .hceT dnalkaO rof yticapac taes latot eht ni dedulcni si )612( yticapac supmac tseW raF** 62 107 noigeR TSEW sisylanA yticapaC *sah noiger tseW eht ,yltnerruC **sloohcs yratnemele 4 ● sloohcs elddim 2 ● loohcs hgih 1 ● .02-91 raey loohcs fo sa desolc eb lliw hcihw ,etteyafaL gnitnuoc toN** ylno sloohcs nur-tcirtsiD* 72 108 TSEW yratnemelE sisylanA yticapaC /sulpruS ytilicaF noitcejorP epyT emaN loohcS # egatrohS *yticapaC staes 796 = sulprus 5-K 861 084 213 5-K revooH 1 5-K /.rJ gniK rehtuL nitraM 2 detcejorp troppus dluoc eW 161 295 134 A/N etteyafaL DSUO rewef 1 ot pu htiw tnemllorne 552 074 512 5-K ttocserP 3 .loohcs yratnemele nur-tcirtsid 311 **633 322 5-K afoknaS 4 796 878,1 181,1 latoT 1 ot pu noitcudeR latoT loohcs .seitilicaf tnenamrep dna yraropmet htob ni staes sedulcni yticapac ytilicaF* .ereh yticapac eht morf detcartbus era 9102 fo remmus ni devomer eb lliw taht selbatrop afoknaS** 82 109 TSEW hgiH & elddiM sisylanA yticapaC .nwohs osla era noiger eht rof snoitcejorp raey eviF .epyt loohcs yb woleb nwohs si yticapac ytilicaF /sulpruS ytilicaF noitcejorP epyT emaN loohcS # = sulprus loohcs elddiM egatrohS *yticapaC dnalkaO tseW staes 191,1 485 067 671 elddiM 1 elddiM 706 269 553 elddiM ekaltseW 2 191,1 227,1 135 latoT = sulprus loohcs hgiH /sulpruS ytilicaF noitcejorP epyT emaN loohcS # egatrohS *yticapaC staes 183 183 087 993 hgiH sdnomylCcM 1 .loohcs elddim nur-tcirtsid DSUO rewef 1 ot pu htiw tnemllorne detcejorp eht troppus dluoc eW .tnemllorne detcejorp etadommocca ot hguone egral si noiger eht ni loohcs hgih tnerruc ehT loohcs 1 ot pu noitcudeR latoT .seitilicaf tnenamrep dna yraropmet htob ni staes sedulcni yticapac ytilicaF* 92 110 stluseR 8-K & yratnemelE sisylanA yticapaC na evah yltnerruc eW # ni egnahC # muminiM # tnerruC fo yticapac taes yratnemele sloohcS sloohcS sloohcS noigeR ot tcepxe tub ,staes 990,62 2- **6 *8 lartneC DSUO 250,02 ylno evah 11- **11 *22 tsaE .3202 ni stneduts 3- 5 8 tsaehtroN taes 8-K/yratnemelE 0 11 11 tsewhtroN = snoiger ssorca sulprus 1- 3 4 tseW 740,6 71- 63 35 latoT .supmac a erahs sloohcs yratnemele fo sriap 6 ,yltnerruC* 71 ot pu noitcudeR latoT tsaE ni 5( sesupmac derahs fo noitadilosnoc sedulcni muminiM** .)lartneC ni 1 dna sloohcs 03 111 stluseR 21-6 & elddiM sisylanA yticapaC elddim a evah yltnerruc eW # ni egnahC # muminiM # tnerruC fo yticapac taes loohcs sloohcS sloohcS sloohcS noigeR ot tcepxe tub ,staes 563,01 0 1 1 lartneC DSUO 833,7 ylno evah 5- **5 *01 tsaE .3202 ni stneduts 0 1 1 tsaehtroN sulprus taes 21-6/elddiM 0 3 3 tsewhtroN 720,3 = snoiger ssorca 1- 1 2 tseW 6- 11 71 latoT .supmac a erahs sloohcs 21-6/elddim fo sriap 2 yltnerruC* .sesupmac derahs 3 fo noitadilosnoc sedulcni noitcudeR** 6 ot pu noitcudeR latoT sloohcs 13 112 stluseR loohcS hgiH sisylanA yticapaC hgih a evah yltnerruc eW # ni egnahC # muminiM # tnerruC 519,8 fo yticapac taes loohcs sloohcS sloohcS sloohcS noigeR evah ot tcepxe tub ,staes 0 1 1 lartneC ni stneduts DSUO 520,7 ylno 1- 1 2 tsaE .3202 0 1 1 tsaehtroN sulprus taes loohcs hgiH 0 1 1 tsewhtroN 098,1 = snoiger ssorca 0 1 1 tseW 1- 5 6 latoT 1 ot pu noitcudeR latoT sloohcs 23 113 stluseR 1 traP fo yrammuS sisylanA yticapaC latoT hgiH 21-6 & elddiM 8-K & yratnemelE 67 6 71 35 tnerruC 25 5 11 63 muminiM 42- 1- 6- 71- egnahC fo rebmun muminim etulosba eht gninimreted rof tniop gnitrats a era stluseR ● .sraey 5 ni stneduts DSUO troppus ot dedeen sloohcs nur-tcirtsid ro esolc ot sesupmac loohcs ynam woh ro hcihw su llet ton seod sisylana sihT ● .etadilosnoc 33 114 2 traP sisylanA noitacoL paM ediwytiC a drawoT sisylanA noitacollA noitacoL DSUO EVIL stneduts erehw no desab sloohcs rof snoitacol lamitpo eht era erehW ?seitilicaf gnitsixe ruo era yawa raf woh dna )DAR( ataD & tnemssessA hcraeseR ekdaR nasuS 8102-01 115 ?sisylana noitacolla noitacol a si tahW sisylanA noitacoL cilbup rof noitacol evitceffe tsom eht yfitnedi ot rotces cilbup eht ni desU • lamitpo na erehw snoitats erif dna ,slatipsoh ,sloohcs sa hcus secivres .secivres ot ssecca elbatiuqe tsom dna tsetaerg eht serusne noitacol eht no desab setis loohcs fo noitacol lamitpo eht enimreted ot ereh desU • .stneduts fo noitacol erom edam eb nac snoitacoler dna snoitadilosnoc loohcs tuoba snoisiceD • ot su elbane lliw sihT .evil stneduts erehw rof tnuocca ew fi ylevitceffe .emoh ot resolc snoitpo loohcs ytilauq edivorp 53 116 ?ledom eht dliub ot dedeen era stupni tahW sisylanA noitacoL ?3202 ni dnalkaO ni gnivil eb lliw nerdlihc ega loohcs ynam woH .1 ?sloohcs nur-tcirtsid dnetta lliw meht fo ynam woH .2 ?3202 ni dnalkaO ni gnivil eb yeht lliw erehW .3 ?dezimitpo eb lliw snoitacol loohcs ynam woH .4 ?loohcs ot levart stneduts dluohs raf woH .5 63 117 ni gnivil eb lliw nerdlihc ega loohcs ynam woH .1 ?3202 ni dnalkaO sisylanA noitacoL setamitse raey 5 noitalupop detcejorp uaeruB susneC SU eht sesu sisylana sihT • no nwohs( spuorg kcolb susnec 633 s’dnalkaO ni gnivil nerdlihc ega loohcs fo .3202 ni dnalkaO ni gnivil eb lliw stneduts DSUO ynam woh enimreted ot )pam nerdlihc dega-loohcs yratnemele 435,92 nerdlihc dega-loohcs elddim 016,41 nerdlihc dega-loohcs hgih 355,81 wen fo tcapmi eht enimreted ot llaF siht detcudnoc eb lliw sesylana lanoitiddA • .tnemllorne 3202 detcejorp no noitcurtsnoc gnisuoh dnalkaO 73 118 lliw nerdlihc ega loohcs dnalkaO fo ynam woH .2 ?sloohcs DSUO dnetta sisylanA noitacoL -6 & elddiM yratnemelE latoT hgiH 21 8-K & ni gnivil nerdlihc ega loohcs # detamitsE 796,26 355,81 016,41 435,92 3202 ni dnalkaO %6.75 %6.35 %7.84 %6.46 etaR erutpaC nuR-tcirtsiD DSUO 81-7102 ni gnivil nerdlihc ega loohcs # detamitsE 831,63 159,9 111,7 670,91 DSUO dnetta ot detcepxe dnalkaO 3202 ni sloohcs nur-tcirtsid erehw fo snoitcejorp susnec no desab era 3202 ni stneduts DSUO fo # eht fo setamitse eht ,ereH .gnivil eb lliw stneduts 83 119 ?3202 ni gnivil eb stneduts DSUO lliw erehW .3 sisylanA noitacoL puorg kcolb hcae nihtiw detareneg saw stniop fo tes modnar A eht tuohguorht stneduts detcejorp laudividni noitisop ot fo erahs sti yb deppam si puorg kcolb hcaE ”stniop dnamed“ kram ot puorg kcolb eht fo tnetxe cihpargoeg .stneduts DSUO 3202 detcejorp .ledom eht ni )weiv mooz( 93 120 eb lliw snoitacol loohcs DSUO ynam woH .4 ?dezimitpo sisylanA noitacoL & elddiM yratnemelE latoT hgiH 21-6 8-K & dnalkaO ni gnivil nerdlihc ega loohcs # detamitsE ) A 796,26 355,81 016,41 435,92 3202 ni %6.75 %6.35 %7.84 %6.46 ”etar erutpac“ sloohcs nur-tcirtsiD DSUO 81-7102 ) B dnalkaO ni gnivil nerdlihc ega loohcs # detamitsE ) C 831,63 159,9 111,7 670,91 3202 ni sloohcs nur-tcirtsid DSUO dnetta ot detcepxe )B x A( a/n 815,1 177 205 loohcs rep detacolla stneduts # ) D *ezimitpo ot snoitacol loohcs # ) E 35 6 9 83 )D / C( .stneduts 815,1 detacollasi loohcs hgih hcae ;stneduts 177 detacolla si loohcs elddim hcae ;stneduts 205 detacolla si loohcs yratnemele hcae gnimussA* .setis loohcs gnitsixe fo yticapac lautca eht no desab egnahc lliw dedeen sloohcs fo rebmun lanif ehT 04 121 ?loohcs ot levart stneduts dluohs raf woH .5 sisylanA noitacoL ereht gnimussa ”etals naelc“ a htiw ffo strats ledom ehT .dnalkaO ni tey sloohcs on era yradnuob a smrof detceles si taht ecnatsid ehT • nihtiw stneduts dna ,noitacol loohcs hcae dnuora .loohcs taht ot detacolla era yradnuob taht erew desu secnatsid mumixam ehT • 8-K dna yratnemele rof selim 5.1 • 21-6 dna sloohcs elddim rof selim 2 • sloohcs hgih rof selim 3 • .saera ecnadnetta reggib naem lliw sloohcs reweF • .dnalkaO edistuo gnivil stneduts dna sloohcs ediwytic gnidnetta stneduts sedulcxE 14 122 yratnemele DSUO lamitpo :stuptuO yranimilerP snoitacol loohcs sisylanA noitacoL :stupnI yratnemele nur-tcirtsid 970,91 ● a gnisu 3202 ni detcepxe stneduts %6.46 fo etar erutpac *loohcs rep stneduts yratnemele 205 ● delevart ecnatsid mumixam elim 5.1 ● )205/970,91( sloohcs yratnemele 83 ● decalp saw loohcs hcae ot detacolla stneduts fo rebmun mumixam ehT* taht ni sloohcs DSUO rof yticapac taes fo naidem eht no desab 24 .napsedarg 123 yratnemele DSUO lamitpo :stuptuO yranimilerP snoitacol loohcs sisylanA noitacoL ot ecnatsid loohcS noitacol lamitpo dnalkaO gnola derusaem saw ecnatsiD gnitsixe tnerruc neewteb krowten teerts lamitpo tsesolc dna seitilicaf loohcs .)s(noitacol loohcs 8-K/yratnemele tnerruc lla fo ecnatsid egarevA loohcs yratnemele lamitpo tsesolc ot sloohcs selim 4004.0 :snoitacol 34 124 loohcs yratnemele DSUO lamitpO ot ecnatsiD noigeR LARTNEC - snoitacol sisylanA noitacoL )seliM( ecnatsiD loohcS noigeR ARS 4934.0 atsiV alleB lartneC 9184.0 dnalevelC lartneC 2141.0 nilknarF lartneC 5550.0 dleifraG lartneC 6893.0 atileucsE aL lartneC 6041.0 nlocniL lartneC /ytinummoC atinaznaM lartneC 6403.0 DEES atinaznaM 3082.0 )egareva( yratnemelE LARTNEC 44 125 loohcs yratnemele DSUO lamitpO ot ecnatsiD noigeR TSAE - snoitacol sisylanA noitacoL )seliM( ecnatsiD loohcS noigeR ARS )seliM( ecnatsiD loohcS noigeR ARS 9401.0 nnaM ecaroH tsaE /dnaldooW NROCA 3962.0 /ytinummoC l'tnI tsaE 5105.0 ssapmoCnE tsaE woN egelloC knihT 2093.0 aznarepsE/ustameroK tsaE 0753.0 eladnellA tsaE 1692.0 rewoL kraP nosidaM tsaE 6934.0 segdirB tsaE 2402.0 mahkraM tsaE 2806.0 dleifkoorB tsaE 7224.0 *8-K pihsredaeL esorleM tsaE /detinU ytinummoC 6813.0 tsaE /dnalhgiH weN serutuF 0862.0 tsaE ESIR 3352.0 EDIRP dnalkaO tsaE tsaE 7472.0 hcaeR tsaE 4803.0 )egareva( yratnemelE TSAE 8562.0 elavtiurF tsaE 1671.0 ylimaF labolG tsaE laud dezilaiceps a si pihsredaeL esorleM* yltnerruc dna loohcs noisremmi egaugnal .aera ecnadnetta ediwytic a sah 6190.0 8-K faelneerG tsaE 54 126 loohcs yratnemele DSUO lamitpO ot ecnatsiD noigeR TSAEHTRON - snoitacol sisylanA noitacoL )seliM( ecnatsiD loohcS noigeR ARS 3975.0 retlahkcruB tsaehtroN 3024.0 kcnuM lraC tsaehtroN 9336.1 yellaV ssarG tsaehtroN 9970.0 drawoH tsaehtroN 5054.0 leruaL tsaehtroN 1233.0 rekraP tsaehtroN 6513.0 sthgieH doowdeR tsaehtroN 8372.0 aiouqeS tsaehtroN 7015.0 )egareva( yratnemelE TSAEHTRON 64 127 loohcs yratnemele DSUO lamitpO ot ecnatsiD noigeR TSEWHTRON - snoitacol sisylanA noitacoL )seliM( ecnatsiD loohcS noigeR ARS 6409.0 tobahC tsewhtroN 1973.0 sdnalhgiH rekcorC tsewhtroN 2912.0 nosremE tsewhtroN 9431.0 yratnemelE weivnelG tsewhtroN 8090.1 tserclliH tsewhtroN 1959.0 relliM niuqaoJ tsewhtroN 5384.1 resiaK tsewhtroN 5151.0 rialctnoM tsewhtroN 0992.0 atlareP tsewhtroN 7804.0 tnomdeiP tsewhtroN 6273.0 llihnrohT tsewhtroN 1285.0 )egareva( yratnemelE TSEWHTRON 74 128 loohcs yratnemele DSUO lamitpO ot ecnatsiD noigeR TSEW - snoitacol sisylanA noitacoL )seliM( ecnatsiD loohcS noigeR ARS 3211.0 revooH tseW 7162.0 gniK rehtuL nitraM tseW 5903.0 ttocserP tseW 9144.0 afoknaS tseW 3182.0 )egareva( yratnemelE TSEW 4004.0 )egareva( yratnemelE snoigeR llA 84 129 elddim DSUO lamitpo :stuptuO yranimilerP snoitacol loohcs sisylanA noitacoL noitacol loohcs lamitpO ot ecnatsid loohcS noitacol lamitpo :stupnI stneduts loohcs elddim nur-tcirtsid 511,7 ● fo etar erutpac a gnisu 3202 ni detcepxe %6.84 *loohcs rep stneduts loohcs elddim 177 ● delevart ecnatsid mumixam elim 2 ● decalp )177/511,7( sloohcs elddim 9 ● 21-6/elddim tnerruc lla fo ecnatsid egarevA loohcs elddim lamitpo tsesolc ot sloohcs selim 0755.0 :snoitacol saw loohcs hcae ot detacolla stneduts fo rebmun mumixam ehT* taht ni sloohcs DSUO rof yticapac taes fo naidem eht no desab 94 .napsedarg 130 loohcs elddim DSUO lamitpO ot ecnatsiD snoitacol sisylanA noitacoL )seliM( ecnatsiD loohcS noigeR ARS )seliM( ecnatsiD loohcS noigeR ARS 4678.0 etraH terB tsaehtroN 2498.0 loohcS elddiM tlevesooR lartneC 7494.0 tnomeralC tsewhtroN 4315.0 /ymedacA ecnaillA tsaE perP ytinummoC tsruhmlE 8421.0 rewerB andE tsewhtroN 8718.0 ymedacA tcapmI kcirF tsaE 5545.0 aretnoM tsewhtroN 9230.1 21-6 ymedacA kraP nosidaM tsaE 3883.0 )egareva( loohcs elddiM tsewhtroN 6174.0 segaugnaL fo loohcS dnalkaO tsaE 5015.0 elddiM dnalkaO tseW tseW /ymedacA lanoitanretnI stooR 3722.0 tsaE 7228.0 ekaltseW tseW ymedacA perP egelloC muesiloC /ymedacA sseccuS rof detinU 6666.0 )egareva( loohcs elddiM tseW 6733.0 ymedacA efiL tsaE 0755.0 )egareva( loohcs elddiM snoigeR llA 5821.0 ymedacA esimorP nabrU tsaE 2405.0 )egareva( loohcs elddiM tsaE 05 131 loohcs hgih DSUO lamitpo :stuptuO yranimilerP snoitacol sisylanA noitacoL noitacol loohcs lamitpO ot ecnatsid loohcS noitacol lamitpo :stupnI stneduts loohcs hgih nur-tcirtsid 159,9 ● fo etar erutpac a gnisu 3202 ni detcepxe %6.35 *loohcs rep stneduts loohcs hgih 815,1 ● delevart ecnatsid mumixam elim 3 ● decalp )815,1/159,9( sloohcs hgih 6 ● ot sloohcs hgih tnerruc lla fo ecnatsid egarevA 5611.1 :snoitacol loohcs hgih lamitpo tsesolc selim saw loohcs hcae ot detacolla stneduts fo rebmun mumixam ehT* taht ni sloohcs DSUO rof yticapac taes fo naidem eht no desab 15 .napsedarg 132 loohcs hgih DSUO lamitpO ot ecnatsiD snoitacol sisylanA noitacoL )seliM( ecnatsiD loohcS noigeR ARS 6428.0 hgiH dnalkaO lartneC 2399.0 tnomeltsaC tsaE 1566.0 tnomerF tsaE 1928.0 )egareva( loohcs hgiH tsaE 1144.2 enilykS tsaehtroN 7667.0 hceT dnalkaO tsewhtroN 7800.1 sdnomylCcM tseW 6611.1 )egareva( loohcs hgiH snoigeR llA 25 133 sesylanA owT eht morf syawA-ekaT niaM sisylanA yticapaC ruo ot og lliw stneduts ynam woh no desab sloohcs rewef deen eW ● .sloohcs loohcs yratnemelE ni dna noigeR tsaE eht ni si staes fo sulprus tsegral ruO ● .staes sisylanA noitacoL gnivig ,noitacol lamitpo na ot esolc ydaerla era seitilicaf loohcs DSUO tsoM ● .paM ediwytiC eht mrofni dna seitilicaf tnerruc ezilitu ot snoitpo ynam su lamitpo na dna sloohcs DSUO tnerruc neewteb ecnatsid egareva ehT ● rof selim 4.0 ylno si gnivil eb lliw stneduts erehw no desab noitacol .sloohcs hgih rof selim 1.1 dna ,elddim rof selim 5.0 ,yratnemele 35 134 sesylanA paM ediwytiC eht rof spetS txeN evah ew erusne ot sisylana noitacol ot gnisuoh dnalkaO wen fo tcapmi ddA ● .meht deen ew erehw sloohcs smargorp dezilaiceps ,K-erp DSUO ,sloohcs evitanretla :esuoh ot erehw redisnoC ● .smargorp retrahc dna ,eciffo lartnec ,)tseWteM ,egaugnal laud ,.g.e( sloohcs dna ni yllaicepse ,smargorp ytilauq hgih ot ssecca dnapxe ot syaw yfitnedI ○ .seitinummoc devresrednu yllacirotsih .slevel edarg ssorca snrettap redeef dna seiradnuob ecnadnetta erugifnoceR ● rof dna ,noitareneg eunever rof desu eb nac taht seitreporp sulprus yfitnedI ● .eettimmoc 11-7 gnimocpu eht ni noitaredisnoc .noitamrofni ytilicaf supmac DSUO fo esabatad a etaerc ylevitaroballoC ● .doohrobhgien yreve ni smargorp ytilauQ ● 45 135 55 70649 AC ,dnalkaO ,086 etiuS ,yawdaorB 0001 136 XIDNEPPA 137 A xidneppA sisylanA yticapaC 1 traP morf stluseR sisylana eht gnidrager noitamrofni lanoitidda wohs sedils gniwollof ehT .sisylanA yticapaC - 1 traP ni detneserp 138 ygolodohtem noitcejorp tnemllornE sisylanA yticapaC ni desu erew taht )snoitcejorp ’oG‘( level loohcs eht ta snoitcejorp tnemllorne mret-gnol ehT • .81-71 ni seigetartS evitarepooC yb dedivorp erew sisylana yticapac eht yb detaluclac erew dna atad yad susnec lacirotsih no desab era snoitcejorp raey 5 esehT • .ygolodohtem lavivrus trohoc eht gniylppa ot tnemllorne tneduts cirotsih dna atad htrib cirotsih sesu ygolodohtem lavivrus trohoc ehT • .sedarg hguorht evom yeht sa esaerced ro esaercni stnuoc tneduts woh kcart :tnemllorne tneduts mret gnol ni egnahc tnacifingis a esuac dluoc srotcaf eseht fo ynA • stnemtsujda yradnuoB ● serusolc/sgninepo loohcs tcirtsiD ● erusolc ro gninepo loohcs etavirp/retrahC ● tnempoleved gnisuoH ● sgnireffo margorp ni segnahC ● noitarugifnoc edarg ni segnahC ● 139 ?derusaem yticapac taes saw woH sisylanA yticapaC a ot dengissa eb dluoc taht stneduts fo # mumixam )1 eht deilpitlum sbocaJ ,moor lanoitcurtsni hcae roF ***.rotcaf ezis moor a )3 dna **,gniludehcs level-edarg rof rotcaf tnemtsujda na )2 yb *,moor = yticapac derotcaf mooR rotcaf ezis X rotcaf gniludehcs X stneduts # xam lanoitcurtsni lla rof yticapac derotcaf eht gnimmus neht yb detaluclac neht saw yticapac supmac ehT lliw yticapac taes fo erusaem siht ,smoorssalc rellams htiw sesupmac rof taht etoN .supmac a no smoor .esu laitnetop etamitserednu ,smoor egarots ,sllah gninid ,smuirotidua rof desu saw 0 fo eulav A .moor lanoitcurtsni na ot dengissa eb dluoc tahtstneduts fo s# mumixaM* .smoor esu-ytinummoc ro ,smoor evitartsinimda .)sesac tsom ni( sloohcs hgih rof %57 dna ,sloohcs elddim rof %58 ,sloohcs 8-K rof %29 ,seiratnemele rof %59 erewsrotcaf gniludehcS** ylno)sbocaJ yb denifed sa( ycauqeda lanoitacude rof ezis tegrat sti ot evitaler moorssalc hcae fo ezis lanoitroporp eht ot tes erewsrotcaf eziS*** .1 ot tes saw ti esiwrehtO .tegrat eht fo %58 woleb llef moor lanoitcurtsni na fo ezis eht nehw .sbocaJ yb 7102 ni detelpmoc erew stnemssessa supmaC 140 B xidneppA sisylanA noitacoL 2 traP morf noitamrofnI lanoitiddA sisylana eht gnidrager noitamrofni lanoitidda wohs sedils gniwollof ehT .sisylanA noitacoL - 2 traP ni detneserp 141 lliw nerdlihc ega loohcs dnalkaO fo ynam woH ?sloohcs cilbup dnetta sisylanA noitacoL ot sloohcs DSUO ni nerdlihc ega loohcs fo setar erutpac tnerruc yb detarorp era stnuoc puorg kcolB • .3202 ni sloohcs DSUO dnetta ot detcepxe era nerdlihc dnalkaO ynam woh enimreted :elpmaxe loohcs yratnemelE %8.48 :)retrahc & nur-tcirtsid( etar erutpac loohcs cilbup dnalkaO 5-K/KT tnerruC • %6.46 :)nur-tcirtsid( etar erutpac DSUO 5-K/KT tnerruC • 435,92 :3202 ni dnalkaO ni gnivil nerdlihc ega yratnemele fo rebmun detamitsE • )%6.46 * 435,92(970,91 :3202 ni sloohcs DSUO dnetta ot detcepxe nerdlihc ega loohcs yratnemele fo rebmuN • cilbuP 81-7102 ni toN 7102 loohcs latoT 7102 latoT 81-7102 RETRAHC 81-7102 RD-DSUO 81-7102 erutpaC loohcS cilbuP dnalkaO ni nerdlihc ega dnalkaO ni stneduts retrahC 81-7102 -tcirtsiD 81-7102 etaR erutpaC etaR erutpaC etaR sloohcS dnalkaO sloohcS cilbuP stneduts stneduts nuR noitalupoP 7102 778,25 779,51 009,63 81-7102 stnedutS# %4.22 *%8.75 %1.08 764,21 737,26 072,05 920,41 142,63 dnalkaO ni gniviL %2.02 %6.46 %8.48 628,4 822,03 146,52 711,6 425,91 )sry01-5( 5-K %2.72 %7.84 %9.57 365,3 394,41 200,11 849,3 450,7 )sry31-11( 8-6 %0.22 %6.35 %6.57 794,4 610,81 726,31 469,3 366,9 )sry71-41( 21-9 %4.22 %8.75 %1.08 764,21 737,26 072,05 920,41 142,63 LATOT 16 .snoiger ARS 5 eht fo yna otni detacoloeg eb ton dluoc sserdda dnalkaO esohw stneduts fo noisulcni ot eud ereh rehgih ylthgils si etar erutpac ediw tcirtsid latoT 142 sloohcS ytilauQ rof tnirpeulB rof enilemiT 32-2202 22-1202 12-0202 02-9102 91-8102 81-7102 1 trohoC STROPPUS GNIOGNO loohcS noitatnemelpmI gninnalP noitceleS 2 trohoC noitatnemelpmI gninnalP loohcS noitceleS 3 trohoC paM ediW ytiC noitatnemelpmI gninnalP loohcS noitceleS :9102 ni devorppA lla yfitnedi lliW segnahc loohcs 4 trohoC noitatnemelpmI gninnalP 3202 yb dedeen noitceleS loohcS Exhibit J 143 nalP noitcudeR tegduB 02-9102 noitatneserP 9102 ,9 yraunaJ reciffO ssenisuB feihC ,elttaB sucraM :yb detneserP noitacudE fo draoB DSUO :oT 1 2V 144 scipoT noissucsiD ticifeD ruo gnidnatsrednU .1 tnempoleveD tegduB ni noitazitiroirP .2 dna soiranecS noitcudeR dednemmoceR .3 tcapmI laitnetoP DSUO gninigamieR .4 0481 BA .5 2 145 ticifeD tegduB ruO gnidnatsrednU ?sraey eerht txen eht revo ticifed gnitarepo detcejorp ruo si tahW ● eettimmoC laicepS ytilatiV lacsiF draoB eht era tahW ● ?snoitadnemmoceR ?sraey owt txen eht revo ecuder ot deen ew od hcum woH ● 3 146 eht revo ticifed gnitarepo detcejorp ruo si tahW ?sraey eerht txen 4 147 euneveR gniworgtuO sesnepxE *snoitcejorP raeY-itluM tnuomA tegraT tegduB :egnellahC laicnaniF s’DSUO ro %2 rof dedeeN 1202-0202 02-9102 91-8102 etadpU yb evreseR evoba 12/02 gninnigeB :euneveR talF euneveR detcirtsernU ,02-9102 ni M03$ htiW %81.3 %95.4 %16.2 detpodA DSUO .nettalf ot detcepxe ⇒ snoitcuder evreseR evreseR evreseR tegduB yltsom sa detciderp tnemllorne 02-91 YF gninnigeb .talf snoitcuder ON htiW %07. %91.2 %52.2 miretnI ts1 lla ekiL :sesnepxE desaercnI ni esaercni ON & evreseR evreseR evreseR esnepxe eht ,stcirtsiD AC stnemtsevni :yb yliramirpnevird era sesaercni ⇒ - setar noisnepSREP/SRTS ○ 02-91 ni noilliM 51$ %53.2 %84.2 %52.2 devorppA htworg tsoc noitacude laiceps ○ 12-02 ni noilliM 82$ miretnI ts1 sedulcni( )stnemtsevni .gnitegdub ni ecitcarp tseb a sa muminim evreser %3 a seriuqer yciloP draoB DSUO .evreser %2 a seriuqer etats ehT* 5 148 sevitceriD draoB noituloseR ytilatiV lacsiF no eettimmoC laicepS *02-9102 ni gnitrats snoitcuder gniogno ni noilliM 03$ ➢ esaercni ot eunitnoc dna 02-9102 rof evreseR %3 hsilbatsE ➢ *retfa raey yreve 0513 yciloP tegduB noitacudE fo draoB tnemelpmI .1 tcirtsiD eht ngisedeR .2 noitasnepmoC eeyolpmE evititepmoC .3 redlohekatS-itluM dna gnikaM noisiceD derahS ot timmoC .4 smaeT )noituloseR 8102 ,tsuguA osla ees(* 6 149 noitazitiroirP tegduB ?noitazitiroirp tegdub ruo smrofni tahW ● ?gnicuder ton ot dettimmoc ew era tahW ● ?ngiseder eciffo lartnec a rof noisiv ruo si tahW ● 7 150 ?noitazitiroirp tegdub ruo smrofni tahW 8 151 sU dnuorG noisiV dna noissiM ruO hgih no desucof tcirtsiD ytinummoC ecivreS lluF a emoceb oT :noissiM dna ,ytiuqeni gnitanimile ,dlihc elohw eht gnivres elihw tnemeveihca cimedaca .yad yreve ,srehcaet tnellecxe htiw dlihc hcae gnidivorp ecneirepxe gninrael cimedaca rieht ni yoj dnif lliw stneduts DSUO llA :noisiV -ylluf ,tnetepmoc ,gnirac era yeht erusne ot slliks eht htiw gnitaudarg elihw ytinummoc dna ,reerac ,egelloc rof deraperp era ohw srekniht lacitirc ,demrofni .sseccus ytilibaniatsuS lacsiF - sseccA - ytiuqE - ytilauQ 9 152 sU ediuG seiciloP dna noitcA fo yroehT ruO NOISSIM & NOISIV DSUO ?yhw dna gniog ew era erehW NOITCA FO YROEHT ?ereht teg ew lliw woH YTILATIV LACSIF SLOOHCS YTINUMMOC YTILAUQ ECNEILISER LANOITAZINAGRO & noitneteR rehcaeT nalP ytilatiV lacsiF nalP ediW ytiC :6006 PB tnemtiurceR loohcS ytilauQ :5006 PB /tnempoleveD pihsredaeL 0021BA/0481 BA tnempoleveD ecnanrevoG loohcS 0513 PB ecnatsissA detaitnereffiD:PACL yciloP ytiuqE2305 PB 01 153 sU smrofnI tupnI redlohekatS sthgilhgiH tupnI pihsredaeL tnedutS )1 :saera ytiroirp ruoF :)licnuoC ytiC-llA( stnedutS ,tnemtiurceR :ytilauQ rehcaeT )3 ;smargorP troppuS egelloC )2 ;smargorP .ssenlleW & noitirtuN ,htlaeH latneM )4 dna ;spihsnoitaleR dna noitneteR ,sdnuorG dna sgnidliuB era stnemtrapeD lacitirC :)yevruS CAP( slapicnirP rehto ecuder ;gninraeL dekniL dna tnelaT ,noitacudE laicepS ,snaidotsuC lacitirc ssel era taht stped ,noitneter ffats ezitiroirP :)yevruS ytinummoC( ytinummoC & ffatS rehtO dna naelc gniniatniam sa noitcnuf lartnec pot etaR .ezis ssalc dna ytiuqe ot detcerid sdnuf fo egatnecrep gnizimixam egaruocnE .seitilicaf loohcs efas stegdub loohcs 11 154 sdnuF detcirtsernU gnizimixaM :0513 PB ediW-tcirtsiD deriuqeR yllageL snoitagilbO ediW-tcirtsiD rof %21 (cid:21) secivreS evitartsinimdA tiduA naoL etatS :elpmaxe roF (cid:64) (cid:64) .cte ,sgnidniF nimda tceridnI :elpmaxe roF = %21 sesnepxe yrotadnam htob ,stsoc (cid:22) stnemtimmoc dna sloohcS ot secivreS cificepS :secivreS demaN (cid:23) noitacudE laicepS .1 detcirtsernU gniniameR llA & sgnidliuB dna laidotsuC .2 setiS loohcS ot euneveR sdnuorG (cid:24) tneduts detcejorp eht no desaB ytiruceS loohcS & eciloP loohcS .3 :gniwollof eht dna tnemllorne sreciffO napsedarG .1 sesruN loohcS .4 hcnuL decudeR & eerF .2 srolesnuoC loohcS .5 srenraeL hsilgnE .3 secruoseR tnemhcirnE deificepS .6 eraC retsoF .4 )tra ,cisum ,loohcs remmus .e.i( sdoohrobhgien sserts-hgih .5 21 155 ?gnicuder ton ot dettimmoc ew era tahW 31 156 sdnuF lareneG detcirtsernU fo esU 91-8102 :0513 PB ) C&S fo M77$~ gnidulcni( latot M314$~ noisiver ot tcejbuS ;srebmuN yranimilerP :ETON etiS loohcS .4 ot secivreS lartneC deificepS .3 ediw tcirtsiD lartneC .2 yllageL .1 stegduB setiS loohcS stsoC evitartsinimdA detagilbO )M8.94$ paC %21( sesnepxE M032$~ M6.89$~ M95$~ M92$~ )C&S M83~ .lcni( )C&S M22$~ .lcni ( )C&S M71$~ .lcni( oN snoitcudeR detimiL secivreS ot snoitcudeR oN snoitcudeR laitnatsbuS snoitcudeR napsedarG .1 noitacudE laicepS .1 ,secruoser namuh ,ecnanif .g.e naoL etatS- )M5.6$~( decudeR & eerF .2 sdnuorG & sgnidliuB dna laidotsuC .2 ,tnemeganam ecnamrofrep tiduA- hcnuL sreciffO ytiruceS loohcS & eciloP loohcS .3 lagel ,secivres lanoitcurtsni sgnidniF srenraeL hsilgnE .3 sesruN loohcS .4 pihsredael tcirtsid ,secivres )M5.5$~( eraC retsoF .4 srolesnuoC loohcS .5 enituoR- sserts-hgiH .5 .e.i( secruoseR tnemhcirnE deificepS .6 & riapeR sdoohrobhgien noitirtun ,tra ,cisum ,loohcs remmus ecnanetniaM scitelhta ,secivres )M71$~( 41 157 stnemtsevnI dettimmoC )noitcA fo yroehT( srehcaeT moorssalC detacifitreC )ataD yevruS ,0513 PB( setiS ot secivreS lartneC deificeps-0513 ⟼ )0513 PB( secivreS yrotadnaM & snoitagilbO lageL ⟼ )edoC dE( PACL ni deifitnedI stnedutS ot stroppuS no M77$ ⟼ ⟼ 51 158 sloohcS ot ecivreS lartneC deificepS-0513 fo nwodkaerB )snoitcudeR oN( setoN tnuomA yrogetaC noitatropsnarT sedulcni M0.87$~ noitacudE laicepS .1 stegdub etiS ni dedulcni snaidotsuC etiS M8.7$~ sdnuorG & sgnidliuB dna laidotsuC .2 )stegdub etis ni dedulcni sOSS etiS( M7.2$~ sreciffO ytiruceS loohcS & eciloP loohcS .3 secivres htlaeh lanoitidda sedulcni M0.3$~ sesruN loohcS .4 ni 4 ,css ni 41 ,tegdub gninrael deknil ni 42 M6.3$~ srolesnuoC loohcS .5 stegdub etis loohcs remmuS ;noitubirtnoc noitirtuN sedulcni M5.3$~ .e.i( secruoseR tnemhcirnE deificepS .6 .scitelhta dna ;)739( smargorp ,secivres noitirtun ,tra ,cisum ,loohcs remmus )scitelhta ylno sdnuf detcirtsernU M 6.89$~ latoT 61 159 lartneC ediwtcirtsiD detcirtsernU-0513 fo nwodkaerB stsoC evitartsinimdA setoN tnuomA sedoC noitcnuF no desaB yrogetaC )esopruP lareneG( sdnuF detcirtsernU M5.92$~ ssenisuB -stsoC evitartsinimdA lareneG snoitarepO )esopruP lareneG( sdnuF detcirtsernU M6.21$~ lanoitacudE - noitartsinimdA lareneG secivreS dna latnemelppuS PACL( sdnuF detcirtsernU M4.71$~ )sdnuF noitartnecnoC & latnemelppuS fo M4.71 sedulcxE M1.24$~ elbissoP rof elbaliavA PG lartneC latoT noitartnecnoC snoitcudeR & noitacollaeR 71 160 tcapmI laitnetoP dna soiranecS noitcudeR dednemmoceR neeb ydaerla evah taht snoitpo noitcuder eht fo yrammus tnerruc eht era tahW ● ?deifitnedi ?02-91 rof snoitcuder tegdub rof soiranecs elbissop eht era tahW ● desoporp eht htiw eciffo lartnec dna setis loohcs ot stcapmi laitnetop eht era tahW ● ?snoitcuder 81 161 noitcuder eht fo yrammus tnerruc eht si tahW ?deifitnedi neeb ydaerla evah taht snoitpo 91 162 deifitnedI fo yrammuS raeY-itluM detadpU etaD ot snoitcudeR sesaercnI euneveR & snoitcudeR ,sgnivaS tsoC gniognO detamitsE yltnerruC 32-2202 YF 22-1202 YF 12-0202 YF 02-9102 YF snoitpO )4 .rY( )3 .rY( )2 .rY( )1 .rY( sgnivaS evitalumuC raeY 4 detamitsE 000,003,2$ 000,001,2$ 000,009,1$ 000,003,1$ seuneveR esaercnI* :1 yrogetaC gnidnepS desaerceD* :2 yrogetaC 000,000,7$ 000,000,7$ 000,000,7$ 000,000,7$ lartneC 000,000,3$ 000,000,3$ 000,000,3$ 000,000,3$ setiS 000,075,1$ 000,075,1$ 000,075,1$ 000,563$ rehtO 000,052,8$ 000,051,8$ 000,057,6$ 000,138$ sgnivaS stsoC*:3 yrogetaC 00,022,02$ 000,021,22$ 000,028,12$ 000,694,21$** slatoT desiveR 0 :etoN sliated rof xidneppA eeS* noituloseR 72 enuJ s’draoB eht teem ot ,dedeen fi ,deifitnedi neeb evah snoitcudeR ETF troppuS noitartsinimdA lartneC lanoitiddA** noilliM 03$ fo tegraT noitcudeR 02 163 snoitcudeR yranoitercsiD etiS dna gniffatS desoporP eciffo lartnec ni tnemngilaer/snoitcuder morf emoc lliw snoitcuder desoporp fo ytirojam ehT .sloohcs ot gnidnuf yranoitercsid ot noitcuder dna secivres morf snoitcuder fo M3$ :setiS loohcS noillim 7$ :stnemtrapeD eciffO lartneC .sloohcs ot dedivorp sdnuf yranoitercsid .ETF eciffO lartneC ot snoitcuder fo ot serutidnepxe tahw enimreted ot sloohcS • M4.1$- :noisiviD tnednetnirepuS • ecuder )ETF11~( enod eb lliw sdnuf yranoitercsid ot snoitcudeR • M8.2$- :noisiviD secivreS cimedacA • .ytiuqe no seulav htiw tnetsisnoc )ETF5.12~( )ETF5.12~( M8.2$- :noisiviD snoitarepO • tnemngilaer gnidael era sredael noisiviD :etoN ssorca snoitatlusnoc htiw noisiviD rieht nihtiw desab era snoitcuder ETF taht erusne ot snoisivid rep tuc egatnecrep a ton dna noitazinagroer a no .tnemtraped 12 164 snoitcudeR gnidnuF yranoitercsiD etiS loohcS noitcudeR lipuP reP napS edarG setis loohcs lla ssorca noitcuder ehT eb lliw noitcuder ehT .noillim 3$ slatot )85$( yratnemelE sdnuf yranoitercsid morf edam )57$( elddiM a no detaluclac dna sloohcs ot dedivorp .sisab lipup rep )001$( loohcS hgiH sa emas eht si dohtem noitcuder sihT )76$( 8-K noitaroballoc ni sraey tnecer ni desu )88$( 21-6 .sredael loohcs htiw 22 165 draob eht edulcni taht snoitcuder rof soiranecs ruo era tahW rof stnemtsevni wen rof tegdub dna evreser %3 a hcaer ot evitcerid ?sraey owt txen eht 32 166 snoitcudeR rehtruF eriuqeR dluoW stnemtsevnI weN rehtruf eriuqer dluow dna stegrat noitcuder tnerruc ni detalpmetnoc ton era stnemtsevni wen deriseD gniog-no ro emit-eno a si ti rehtehw fo noitaredisnoc htiw snoitcuder gnidneps ro/dna sesaercni eunever :edulcni stnemtsevni elpmaxE .noitacolla gniog-nO 000,003$~ noisnapxE eciffO retrahC 1 emit-enO 000,002$~ stroppuS etiS loohcS tnirpeulB 2 gniog-nO 000,008,8$~ yaD doirep 8 3 gniog-nO +000,000,63$~ naidem ot yralas rehcaeT 4 emit-enO 000,000,1$~ 11-7 ,noitcelE dnoB( tsoC tnemeganaM tessA 5 nalP retsaM seitilicaF detadpU ,troppuS eettimmoC gniog-nO 000,000,1$~ ot pu esaercnI secivreS laidotsuC 6 DSUO ecno ssecorP tnempoleveD tegduB 02-9102 eht fo trap sa desserdda eb lliw stnemtsevnI weN fo noitaredisnoC ytilibaliava gnidnuf dna snoitcuder desoporp ,snoisiced tegdub etatS gnidrager noitamrofni erom sah 42 167 stnemtsevnI weN rof noitpmussA - soiranecS noitcudeR 12/0202 02/9102 snoitpmussA noitcudeR noitcudeR etaredom - stnemtsevnI weN fo leveL ● oiranecS 0$ M3.71$ %52.2 :evreseR 91-81 ● A %71.3 :evreseR 02-91 ● tnerruC( %60.3 :evreseR 12-02 ● )ytilaeR evissergga yletaredom - stnemtsevnI weN fo leveL ● oiranecS 0$ M5.12$ %52.2 :evreseR 91-81 ● B %25.3 :evreseR 02-91 ● %10.3 :evreseR 12-02 ● evissergga - stnemtsevnI weN fo leveL ● oiranecS %52.2 :evreseR 91-81 ● C %03.4 :evreseR 02-91 ● 0$ M2.03$ %30.3 :evreseR 12-02 ● 52 168 soiranecS eerhT no desaB snoitcudeR lartneC 02-9102 snoitarepO cimedacA tnednetnirepuS deriuqeR weN fo leveL troppuS troppuS ,ytiuqE ,seitilicaF ,RH .cni( lartneC loohcS stnemtsevnI )rehto dna snoitacinummoC %04@ %04@ snoitcudeR setiS soiranecS %02@ M 8.2$ M 8.2$ M 4.1$ M 0.7$ M 0.3$ ydaerlA )3.32 ETF( )3.32 ETF( )6.11 ETF( deifitnedI M 027.5$ M 027.5$ M 068.2$ :A oiranecS )6.74 ETF( )6.74 ETF( )8.32 ETF( M0.3$ etaredoM M 3.41$ lanoitidda on( esaercnI )snoitcuder tnerruC( )ytilaeR M 4.7$ M 4.7$ M 7.3$ :B oiranecS M0.3$ )6.16 ETF( ) 6.16 ETF( )8.03 ETF( yletaredoM M 5.81$ lanoitidda on( evisserggA )snoitcuder esaercnI M 0.01$ M 0.01$ 20.5$ :C oiranecS M0.3$ )3.38 ETF( )3.38 ETF( )8.14 ETF( M 1.52$ lanoitidda on( evisserggA )snoitcuder esaercnI 62 169 weN desoporP eht no desab sffoedarT eht era tahW %3 desoporP a gniniatniaM dna soiranecS tnemtsevnI ?ecnalaB dnuF gnidnE 72 170 tcapmI stsoC nimdA lartneC ot snoitcudeR 02-9102 ni tfel M24$ ylhguor si ereht ,)laidotsuC .g.e( 0513PB ni detaremune secivres gnivomer retfA ETF +052 a( ETF gniniamer eht fo flah revo fo noitcuder A .)C&S gnidulcxe( secivres lartnec detcirtsernu etanimile htob dluow noitcuder a hcuS .tegrat M03$ eht hcaer ot yrassecen eb dluow )noitcuder ot ytiliba ruo enimrednu ylereves dna noisiV/noissiM ruo ot eroc smargorp ot gnidnuf detcirtsernu )gniffatS ees( .snoitcuder fo esoprup a si taht ycnevlos lanoitarepo dna lacsif eht niatniam :detcapmi ylereves secivres eroC noitneter dna gniffats cisab ot ksir rehtruf htiw lloryap ,tnemngissa ffats ,tnemtiurcer - lennosreP ● gnitroper laicnanif ,thgisrevo & ecnailpmoc gnidneps ,tnempoleved tegdub - thgisrevo laicnaniF ● sgnidnif tidua ro gnidnepsrevo no lortnoc ssel htiw rorre erom ,deyaled rehtruf noitarepo fo saera lla ni ycneiciffe esaercni taht gniniart dna erawtfos fo noitanimile - ygolonhceT ● :detcapmi ylereves secivres dengila-noisiV/noissiM sa denimrednu ro detanimile troppus mulucirruc dna sisylana ,atad tneduts - stroppus cimedacA ● noitacude ni tnemegagne ylimaf & tneduts troppus ot secivres dnuora-parw sa llew sloohcs ot stroppus krowten - stroppus krowteN ● 82 171 tcapmI stsoC nimdA lartneC ot snoitcudeR 02-9102 tcetorp ot stroffe tuohtiw detcapmi eb dluoc seitilibisnopser detcerid-draob dna lautcartnoc ,yrotutatS .secruoser tcirtsiD no niarts tnerruc ro tsap fo aera na ydaerla si eseht fo hcaE .stuc morf secruoser dedeen :seitilibisnopser detadnaM srotidua ,ytnuoc ,etats ot - gnitroper laicnaniF ● dna yraropmet ot ffats gningissa tuoba selur evisnetxe - gnissecorp dna tnemngissa ffatS ● fo troppus fo tnemeganam dna yap dna sruoh ni tnemtsujda gnidulcni ,selor tnenamrep seettimmoc lennosrep stnemeriuqer smailliW dna noitpoda mulucirruc - ecnailpmoc koobtxet & mulucirruC ● laroivaheb dna cimedaca tneduts fo noitanidrooc ediw tcirtsid -troppus noitnevretnI tnedutS ● stroppus stpircsnart ,stnemeriuqer gnitset etats -troppus gnitset tnedutS ● seilimaf yb noitceles loohcs fo seicilop tcirtsiD eht fo noitartsinimda - troppus tnemllornE ● 82 172 0481 lliB ylbmessA siht no tnuoc ew nac dna 0481 BA fo snoitacilpmi eht era tahW -gnol a tnemelpmi ew sa gnidnal-tfos ro egdirb a edivorp ot gnidnuf ?snoitcuder tegdub rof nalp raey-itlum mret 03 173 snoitaredisnoC dna snoitseuQ 0481 BA ?0481 BA si tahW - krowemarF ot 0481 BA dessap ylbmessA etatS eht ,DSUO rof ytilibats lacsif eveihca oT ● .tcirtsid eht ot gnidnuf feiler fo sraey eerht edivorp ot dna ,ticifed gniogno sti gnisserdda ni DSUO tsissa ot dednetni si gnidnuf sihT ● lacsif tnetsisnoc dna gnorts gnitnemelpmi rof deriuqer ecaps dna emit edivorp .dnalkaO fo stneduts eht evres ot secruoser yrassecen eht erusne ot slortnoc eht htiw pihsrentrap thgisrevo na sedulcni 0481 BA ni deniltuo ssecorp ehT ● tnemtrapeD ainrofilaC eht ,TAMCF ,)EOCA( noitacudE fo eciffO ytnuoC ademalA ecnaniF fo tnemtrapeD ,)EBS( noitacudE fo draoB etatS ,)EDC( noitacudE fo .erutalsigeL etatS dna ,)FOD( 13 174 ).tnoc( snoitaredisnoC dna snoitseuQ 0481 BA ?ticifed larutcurts s’tcirtsid eht xif 0481 BA lliW eht no desab gnidnuf fo noitacolla emit-eno a edivorp ot dengised si 0481 BA ● ot pu ,)02-9102 YF( 1 raeY rof %57 ot pu fo etar a ta ticifed detcejorp s’tcirtsid .)22-1202 YF( 3 raeY rof %52 ot pu dna ,)12-0202 YF( 2 raeY rof %05 a poleved nac DSUO taht os gnidnuf fo egdirb a sedivorp noitacolla emit-eno ehT ● .ticifed lacsif ruo ot noitulos mret-gnol dna ,elbaniatsus ,decnalab erom gnidnuf egdirb siht ecno decnalab eb lliw tegdub ruo taht tnetni s’etatS eht si tI ● .seripxe 175 ).tnoc( snoitaredisnoC dna snoitseuQ 0481 BA ?deetnarauG 0481 BA rednu gnidnuf sI si ti ,slaiciffO ytnuoC dna etatS htiw snoissucsid suoremun s’tcirtsiD eht no desaB ● na ot tcejbus era dna deetnaraug ton era sdnuf eht taht gnidnatsrednu ruo .ssecorp weiver evisnetni gnidnuf orez eb dluoc noitadnemmocer gnidnuf lanif eht ,1 raeY ni ,elpmaxe roF ● .noitacolla %57 lluf eht ot eht taht dednemmocer sah OAL eht ,)OAL( tropeR tsylanA evitalsigeL tnecer a nI ● dna DSUO ot tnarg laiceps a fo noitazirohtua eht dnicser erutalsigeL etatS retteb a sa larrefed naol a edivorp dna 0481 BA yb dedivorp DSU doowelgnI .laog ycilop cilbup 176 DSUO gninigamieR ?tcirtsid ruo gnigami-er rof noisiv ruo si tahW ● ruo ecneulfni nalP ediwytiC sloohcS fo ytinummoC eht seod woH ● ?noisiv erutuf ?sloohcs fo troppus ni eciffo lartnec gningiseder ew era woH ● 43 177 ?tcirtsid ruo gnigami-er rof noisiv ruo si tahW ruo ecneulfni nalP ediwytiC sloohcS fo ytinummoC eht seod woH ?noisiv erutuf 53 178 sU dnuorG noisiV dna noissiM ruO hgih no desucof tcirtsiD ytinummoC ecivreS lluF a emoceb oT :noissiM dna ,ytiuqeni gnitanimile ,dlihc elohw eht gnivres elihw tnemeveihca cimedaca .yad yreve ,srehcaet tnellecxe htiw dlihc hcae gnidivorp ecneirepxe gninrael cimedaca rieht ni yoj dnif lliw stneduts DSUO llA :noisiV -ylluf ,tnetepmoc ,gnirac era yeht erusne ot slliks eht htiw gnitaudarg elihw ytinummoc dna ,reerac ,egelloc rof deraperp era ohw srekniht lacitirc ,demrofni .sseccus ytilibaniatsuS lacsiF - sseccA - ytiuqE - ytilauQ 43 179 )6006 PB( yciloP sloohcS fo ytinummoC ,tnemllornE ,noitazirohtuA retrahC ,tnemeganaM tessA :ycilop ni dednuorg nalP ediwytiC A tnempoleveD loohcS ytilauQ dna ,ecnanrevoG loohcS ,gnitegduB desaB stluseR ,ytiuqE dnaseitreporp sulprus dna ,deziliturednu ,tnacav egarevel tseB dnalkaO lla egagne yllacigetarts otstnemeerga esu ytilicaf ezilitu A seitilicaF rof snoitpo ytilauq hgih yfitnedi ;retrahc ro tcirtsid-sloohcs cilbup smargorp cimedaca ot- retrahc ro tcirtsid sloohcs cilbup dnalkaO lla htiw kroW B erom erusne ot dnalkaO ssorcasnrettap redeef etalucitra retteb noitatropsnarT & tnemllornE .seilimaf rof ytilibatciderp erusne otytilibatnuocca dna thgisrevo ni elor ruo nehtgnertS hgih a gnidivorp era dnalkaO ni gnitarepo sloohcs retrahc lla taht noitazirohtuA retrahC C .seitiuqeni sserdda ot gnikrow dna noitacude ytilauq ,.g.e( ,sloohcs scilbup dnalkaO lla ssorca secitcarp tseb erahS ytilauQ & elbatiuqE ot sseccA fo noitneter dna tnemtiurcer ,tnempoleved lanoisseforp D lla rof ssecca lanoitacude elbatiuqe evorpmi taht )srotacude lla rof noitacudE .stneduts dnalkaO dna sloohcs DSUO nihtiwnoitavonni deunitnoc troppus tseB E nihtiw snoitpo loohcs ytilauq-hgih fo rebmun eht etarelecca seimonotuA denifeD DSUO 53 180 snoitaredisnoC nalP ediwytiC ytiuqE & ytilauQ tneduts yreve rof doohrobhgien yreve ni smargorp ytilauq retteb deen eW ● ekila sloohcs retrahc dna tcirtsid rof desu eb ot scirtem ytilauq yfitnedi ot deen eW ● dna DSUO lla ot tnemevorpmi loohcs rof troppus gniogno edivorp ot deen eW ● sloohcs retrahC sseccA & ytiuqE emoh ot resolc sloohcs ytilauq ot ssecca deen eW ● loohcs hgih hguorht K-erp morf snrettap redeef lanoiger deen eW ● ytilibaniatsuS & ytilatiV lacsiF tnemllorne regral htiw sloohcs decruoser retteb ,rewef deen eW ● ytic ruo ni sloohcs retrahc htiw spihsnoitaler elbaniatsus dliub ot deen eW ● 63 181 ?sloohcs fo troppus ni eciffo lartnec gningiseder ew era woH 93 182 tnemevorpmI suounitnoC :eciffO lartneC fo esopruP ENIFED tneduts gnivorpmi fo laog eht eveihca oT ytilauq loohcs gnisaercni dna semoctuo ...tcirtsid eht ssorca suounitnoc no sucof tsum eciffO lartneC ERUSAEM (cid:41)(cid:58)(cid:51)(cid:54)(cid:52)(cid:49)(cid:45) etis loohcs troppus ot tnemevorpmi fo ytilauq eht evorpmi dna yticapac .sloohcs fo skrowten ot secivres EZYLANA 83 183 fo seiroehT eciffO lartneC fo muunitnoC setiS loohcS gnitroppuS rof noitcA oiloftrop /ytinummoc“ ”denifed“ ”denrae“ ”sloohcs fo ymonotua ymonotua deganaM ecnamrofreP deganaM sledoM esreviD ecnamrofreP tnemrewopmE ledoM noitcurtsnI tnemrewopmE sloohcs tsom/lla ot deilppA lla/tsom/ynam ot deilppA sloohcs emos ot deilppA desaB etiS emoS desaB etiS tsewoL desaB etiS tsehgiH desaB etiS retaerG gnikaM noisiceD gnikaM noisiceD gnikaM noisiceD gnikaM noisiceD dezilartneC emoS dezilartneC tsehgiH dezilartneC tsewoL lortnoC dezilartneC sseL troppuS & lortnoC troppuS & lortnoC troppuS & lortnoC troppuS & STUPTUO loohcs no sesucof eciffO lartneC STUPNI loohcs no sesucof eciffO lartneC loohcS ledoM tsoM loohcS ledoM eroM loohcS ledoM emoS loohcS tsoM ytisreviD ytisreviD ytienegomoH ytienegomoH )3102( ecnanrevoG loohcS nabrU ni seidutS esaC :stcirtsiD loohcS nabrU fo ngisedeR ehT :smadAcM dna riztaK no desab detpadA 93 184 noitadnemmoceR dna noissucsiD elanoitaR ETF 12/0202 02/9102 stnemtsevnI fo leveL ssoL noitcudeR noitcudeR dettimmoc yltnerruc lla rof swollA - etaredoM oiranecS ;dednuf eb ot stnemtsevni 911 0$ M3.71$ %52.2 :evreseR 91-81 ● A %3 fo evreser ecnalab dnuf rof swollA - %71.3 :evreseR 02-91 ● tnerruC( ;02-9102 YF ni gninnigeb %60.3 :evreseR 12-02 ● )ytilaeR ot hcaorppa decnalab erom a rof swollA - noitartsinimdA ;snoitcudeR eciffO lartneC noitadnemmoceR deniarts eb lliw stroppuS etiS lartneC - ;elbaeganam tub erom ylthgils rof edivorp dluow noitpo sihT evisserggA yletaredoM B oiranecS a tuohtiw tub stnemtsevni ni sesaercni 451 0$ M5.12$ %52.2 :evreseR 91-81 ● setis ot snoitcuder dnapxe rehtruf ot noisiced %25.3 :evreseR 02-91 ● ,snoitcnuf troppus sselmrah-dloh rehto dna %10.3 :evreseR 12-02 ● emoceb dluow snoitcnuf troppuS etiS lartneC .evitceffeni dna ,tneiciffeni ,dehsinimid laitnatsbus rof edivorp dluow noitpo sihT evisserggA C oiranecS ot stuc tuohtiw tub stnemtsevni ni sesaercni %52.2 :evreseR 91-81 ● tsom ,snoitcnuf sselmrah-dloh rehto ro setis 802 0$ M2.03$ %03.4 :evreseR 02-91 ● eb dluow snoitcnuf cisab troppuS etiS lartneC %30.3 :evreseR 12-02 ● emoceb sesac ynam ni dna detelped ylereves 24 .tnetsixe-non snoitcuder etis ni noilliM 3$ lanigiro eht edulcni soiranecS llA 185 enilemiT ssecorP noitcudeR tegduB 02-9102 )seitivitcA yeK( 9102 yraurbeF 9102 ,32 yraunaJ yraunaJ-ceD devorppA draoB tegraT noitcudeR tegduB etadpU pihsredaeL redlohekatS nalP noitcudeR miretnI tsriF no desaB noituloseR lanif no tnemegagnE EOCA ot dettimbuS tegduB desoporP s’ronrevoG dna nalP noitcudeR tegduB enuJ-naJ ssecorP ngisedeR eciffO lartneC lluf eeS tnelaT,tegduB laicepS :9102 ,03 yraunaJ 9102 ,9 yraunaJ etiS loohcS dna gniteeM fo daeR ts1 sweiveR draoB gninnalP stpodA dna sezilaniF draoB noitcudeR tegduB snoitcudeR dednemmoceR snoitadnemmoceR .ereh enilemiT 34 186 44 70649 AC ,dnalkaO ,086 etiuS ,yawdaorB 0001 187 XIDNEPPA 54 188 ofnI gniffatS 64 189 *weivrevO gniffatS llarevO sETF detcirtseR detcirtsernU noisiviD )tpmexE( sETF )C&S sedulcnI( 5.59 4.744 tnednetnirepuS 7.564 3.743 scimedacA 5.8 3.411 snoitarepO 3.409 4.732,2 setiS loohcS 0.169 4.6413 slatoT emoS .8102 ,8 rebmevoN eettimmoC ytilatiV lacsiF eht htiw derahs noitamrofni 8102 rebotcO no desaB* .snoitcuder laitnetop gnissessa ni yltnereffid detaert era dna C&S yb dednuf era snoitisop 72 190 tnednetnirepuS eht fo eciffO – weivrevO gniffatS lennosreP 91-8102 detcirtseR detcirtsernU ETF ETF emaN tnemtrapeD etiS eciloP dna secivreS laidotsuC 5.1 5.4 ffatS fo feihC 109 0.0 0.0 namsdubmO 609 secivres eroc era secivres 0.0 0.0 gninnalP seitilicaF 819 elihW .0513PB ni detaremune 5.4 5.71 ytiuqE fO eciffO 929 ,emoclew syawla era seicneiciffe 0.0 0.01 noitacudE fO draoB 049 .thguos si noitcuder on 0.0 0.5 tnednetnirepuS ehT fO eciffO 149 0.0 0.0 snoitaleR robaL 249 4.9 9.64 tnelaT- secivreS secruoseR namuH 449 0.0 0.7 lesnuoC lageL 649 0.0 0.5 )nimda( eciffO sloohcS retrahC 749 1.1 5.91 snoitacinummoC 859 0.97 0.9 sdnuorG & sgnidliuB 889 0.0 0.222 secivreS laidotsuC 989 0.0 0.101 tnemtrapeD eciloP DSUO 499 5.59 4.744 84 191 secivreS cimedacA – weivrevO gniffatS lennosreP 91-8102 detcirtseR detcirtsernU ETF ETF emaN tnemtrapeD etiS 0.0 0.4 eciffO cimedacA feihC fO eciffO 309 9.26 1.68 noitavonnI cimedacA 909 6.02 0.81 tnempoleveD doohdlihC ylraE 019 secivreS gnilesnuoC ,secivreS htlaeH ● 4.42 8.71 gninraeL dekniL 219 0.0 0.0 gnidaeR yradnoceS tsoP fO eciffO 129 secivres eciloP noitacudE laicepS dna 6.87 5.27 secivreS tnedutS & sloohcS .mmoC 229 ni detaremune secivres eroc era 5.2 3.3 4 krowteN yratnemelE 329 syawla era seicneiciffe elihW .0513PB 0.0 0.34 gnilesnuoC rspO 829 .thguos si noitcuder on ,emoclew 0.1 0.0 proC gniniarT ffO evreseR rJ 239 0.0 0.2 )LAO( eugaeL citelhtA dnalkaO 339 snoitisop erom sah secivreS cimedacA ● 0.0 0.0 smargorP remmuS 739 2.2 3.72 ataD & tnemssessA hcraeseR 849 detcirtsernU naht detcirtseR yb dednuf 3.72 8.5 .hcA laugnilitlum/renraeL gnaL gnE 459 sdnuF 0.0 0.0 1 krowteN 5-K erP 169 0.0 0.3 2 krowteN 5-k-erP 269 0.0 0.3 3 krowteN 5-k-erP 369 6.4 9.41 krowteN loohcS hgiH 469 8.1 0.1 krowteN loohcS elddiM 569 6.2 0.73 )sesrun( secivreS htlaeH 869 2.732 6.8 noitacudE laicepS 579 7.564 3.743 94 192 snoitarepO – weivrevO gniffatS lennosreP 91-8102 detcirtseR ETF ETF detcirtsernU 0.0 0.6 elbayaP stnuoccA 209 0.0 2.2 reciffO ssenisuB .rS fO eciffO 509 snoitisop wef yrev sah snoitarepO 7.0 4.51 tnemngissA tnedutS 709 ynam sa sdnuF detcirtseR yb dednuf 0.0 0.0 snoitarepO fO feihC 319 ot detaler ro yrotadnam era snoitcnuf 4.0 9.9 gnitnuoccA 639 draoB ro tcartnoc ,wal htiw ecnailpmoc 0.0 0.0 rotiduA lanretnI ehT fO eciffO 949 .ycilop 5.6 5.0 smargorP laredeF dnA etatS 059 6.0 2.51 tegduB 159 0.0 0.3 secivreS liaM dnA gnitnirP 979 0.0 0.2 reciffO laicnaniF feihC 089 0.0 0.01 lloryaP 389 0.0 0.63 secivreS ygolonhceT 689 0.0 0.1 tnemeganaM ksiR 789 0.0 0.3 noitubirtsiD & tnemerucorP 099 3.0 0.0 ecivreS dooF 199 0.0 1.8 noitubirtsiD esuoheraW 299 0.0 0.2 noitatropsnarT 599 5.8 3.411 05 193 liateD nalP noitcudeR tegduB 15 194 nalP noitcudeR tegduB raeY-itluM )1 yrogetaC( seuneveR esaercnI→ )2 yrogetaC( gnidnepS esaerceD→ )3 yrogetaC( sgnivaS stsoC tnemelpmI→ tegdub decnalab a niatniam dna etaerc ot stnemtsujda yrassecen ekaM :laoG stnemtsujda llA .serutidnepxe gniogno deecxe ro teem seunever gniogno erehw .gniogno eb ot dednetni 34 195 seuneveR desaercnI - 1 yrogetaC sesaercnI euneveR gniognO detamitsE 32-2202 YF 22-1202 YF 12-0202 YF 02-9102 YF snoitpO )4 raeY( )3 raeY( )2 raeY( )1 raeY( 000,003,1$ 000,002,1$ 000,001,1$ 000,008$ latneR seitilicaF )RNN( ngisedeR 000,000,1$ 000,009$ 000,008$ 000,005$ -tcirtsiD loohcS yadrutaS lanoitpO ediw )ADA( noitatnemelpmI )RNN( 000,003,2$ 000,001,2$ 000,009,1$ 000,003,1$ 1 yrogetaC latoT-buS deriuqeR toN noitaitogeN- RNN / deriuqeR noitaitogeN = RN :etoN 44 196 ).tnoc( nalP gnidnepS desaerceD - 2 yrogetaC sesaerceD gnidnepS gniognO detamitsE 32-2202 YF 22-1202 YF 12-0202 YF 02-9102 YF snoitpO )4 .rY( )3 .rY( )2 .rY( )1 .rY( 000,003$ 000,003$ 000,003$ 000,051$ stsoC seitilitU/ygrenE ecudeR )RNN( 000,021$ 000,021$ 000,021$ 000,56$ stsoC gnitnirP etadilosnoC – 1 esahP( tcirtsiD eht ssorcA )RNN( )renoT ,seilppuS ypoC 000,000,1$ 000,000,1$ 000,000,1$ 0$ stsoC gnitnirP etadilosnoC tcirtsiD eht ssorcA )2 esahP( )esaeL ediwtcirtsiD( )RNN( 000,024,1$ 000,024,1$ 000,024,1$ 000,512$ ).tnoc( 2 yrogetaC latoT-buS deriuqeR toN noitaitogeN- RNN / deriuqeR noitaitogeN = RN :etoN 54 197 nalP gnidnepS desaerceD - 2 yrogetaC sesaerceD gnidnepS gniognO detamitsE 32-2202 YF 22-1202 YF 12-0202 YF 02-9102 YF snoitpO )4 raeY( )3 raeY( )2 raeY( )1 raeY( 02-91 )1 .rY( 000,000,7$ 000,000,7$ 000,000,7$ 000,000,7$ gniffatS lartneC ecudeR )RNN( lanoitidda ton ,02-9102 morf gniogno( )stuc 000,000,3$ 000,000,3$ 000,000,3$ 000,000,3$ yranoitercsiD etiS ecudeR )RNN( lanoitidda ton ,02-9102 morf gniogno( )stuc 000,051$ 000,051$ 000,051$ 000,051$ snoitisoP tnacaV etanimilE )RNN( ediwtcirtsiD lanoitidda ton ,02-9102 morf gniogno( )stuc 000,051,01$ 000,051,01$ 000,051,01$ 000,051,01$ 2 yrogetaC latoT-buS deriuqeR toN noitaitogeN- RNN / deriuqeR noitaitogeN = RN :etoN 64 198 nalP sgnivaS tsoC - 3 yrogetaC sgnivaS tsoC gniognO detamitsE 32-2202 YF 22-1202 YF 12-0202 YF 02-9102 YF snoitpO 4 raeY 3 raeY 2 raeY 1 raeY 000,005,4$ 000,005,4$ 000,000,3$ 000,005$ enohpeleT ediwtcirtsiD )RNN( noitadilosnoC 000,009$ 000,003,1$ 000,008,1$ 0$ ylraE latnemelppuS )RNN( margorP tnemeriteR 000,001,2$ 000,006,1$ 000,002,1$ 000,18$ dna snoitadilosnoC loohcS )RNN( serusolC 000,052$ 000,052$ 000,052$ 000,052$ ot seitinutroppO erolpxE sralloD detcirtseR egareveL )RNN( FG troppuS ot 000,057,7$ 000,056,7$ 000,052,6$ 000,138$ 3 yrogetaC latoT-buS deriuqeR toN noitaitogeN- RNN / deriuqeR noitaitogeN = RN :etoN 74 199 esaercnI etaredoM - A oiranecS )02-9102 YF gninnigeB noitcudeR .liM 3.71$( sesaercnI euneveR & snoitcudeR ,sgnivaS tsoC gniognO detamitsE yltnerruC 32-2202 YF 22-1202 YF 12-0202 YF 02-9102 YF snoitpO )4 .rY( )3 .rY( )2 .rY( )1 .rY( sgnivaS evitalumuC raeY 4 detamitsE 000,003,2$ 000,001,2$ 000,009,1$ 000,003,1$ :1 yrogetaC seuneveR esaercnI 000,075,11$ 000,075,11$ 000,075,11$ 000,563,01$ :2 yrogetaC gnidnepS desaerceD 000,052,8$ 000,051,8$ 000,057,6$ 000,138$ :3 yrogetaC sgnivaS stsoC 000,021,22$ 000,028,12$ 000,022,02$ 000,694,21$ slatoT desiveR 84 Exhibit K 200 nalP noitcudeR tegduB 02-9102 laniF- 9102 ,32 yraunaJ reciffO ssenisuB feihC ,elttaB sucraM :yb detneserP noitacudE fo draoB DSUO :oT 1 201 scipoT noissucsiD dnuorgkcaB .1 & soiranecS noitcudeR detadpU .2 noitadnemmoceR rof snaeM ti tahW dna tegduB voG no etadpU .3 dnalkaO spetS txeN .4 2 202 DNUORGKCAB 3 203 seitiroirP tcirtsiD ruO NOISSIM & NOISIV ?yhw dna gniog ew era erehW NOITCA FO YROEHT - SEITIROIRP ?ereht teg ew lliw woH YTILATIV LACSIF SLOOHCS YTINUMMOC YTILAUQ ECNEILISER LANOITAZINAGRO ,sloohcS fo ytinummoC 6006 PB loohcS ,noitneteR rehcaeT nalP ytilatiV lacsiF ,0513 PB loohcS ytilauQ ,PACL yciloP ytiuqE &ecnanrevoG tnempoleveD TUPNI snoitcuder cificeps smrofnI :)yevruS ytinummoC( ytinummoC & ffatS ,)yevruS CAP( slapicnirP ,)licnuoC ytiC-llA( stnedutS :sredlohekatS tropeR TAMCF ,snosirapmoC tcirtsiD :skramhcneB 4 204 yrotsiH tegduB tneceR 9102 ,03 yraunaJ 8102 rebmeceD 8102 rebmetpeS 8102 enuJ tpoda ot deludehcs draoB troppus miretnI ts1 8102 rof skoob eht fo gnisolC ni sticifed detcejorP sgnivas/snoitcuder desiver ni ticifed laminim stcejorp retaerg swohs 81-7102 dnoyeb dna 02-9102 weiver dnoces retfa nalp rof sdnuf on tub ,02-9102 sgnivas detcepxe naht gnidneps tnerruc ta dr32 yraunaJ evreser +%3 ro tnemtsevni snoitcuder tegdub morf gninettalf dna slevel tniartser lacsif dna eunever 9102 ,32 dna 9 yraunaJ 8102 rebmevoN 8102 tsuguA sweiver draoB lluF lacsiF detadpu sessap draoB lacsiF ts1 sessaP draoB nalp sgnivas/snoitcuder nalp otnoituloser ytilatiV nalp otnoituloseR ytilatIV ffats yb deraperp M03$ fo sgnivas/snoitcuder M03$ fo sgnivas/snoitcuder seitiroirp dnuf ot .02-9102 ni erusne ot 02-9102 ni dna noitasnepmoc gnidulcni sevreser dna ycnevlos sevreser 5 205 noitatneserP draoB 9 .naJ morf yrammuS htiw nruter ot ffats detcerid draoB ehT soiranecs noitcuder eerht detneserp ffatS :hcihw :hcihw soiranecs snoitcuder ni noillim 03$ lluf yfitnedI ● 0513 yciloP draoB htiw tnemngilA ● dna 02-9102 rof evreseR %3 hsilbatsE ● lartnec ot snoitcuder laitnatsbuS ○ retfa raey yreve esaercni ot eunitnoc nimda dna deredisnoc snoitpo fo egnar dnapxE ● lartnec ot snoitcuder detimiL ○ setis ot secivres lartnec edulcni setis ot secivres sdnuf latnemelppus gnitacollaer erolpxE ● setis loohcs ot snoitcuder detimiL ○ loohcs no tcapmi evitagen eziminiM ● noitcuder gniyrav htiw snoitpo daH ● setis latot ni M03$ htiw noitpo eno ylno( slatot dna stcartnoc ot snoitcuder etagitsevnI ● )snoitcuder tnemeganam deifissalc 6 206 DNA SOIRANECS NOITCUDER DETADPU NOITADNEMMOCER 7 207 seulaV dna noisiV ,noissiM ruo ni dnuorG ,snoinU ,stneraP ,srehcaeT ,slapicnirP morf draeh evah ew ,shtnom suoiverp eht revO .nalp noitcuder desoporp a tuoba ytinummoC dna ,seettimmoC :era gnidnemmocer era ew snoitcuder eht eveileb eW dna noitneter rehcaet evorpmi ot od ot deen ew sffo-edart dna krow drah eht fo trap • slaog PACL ruo rep sa ecnamrofrep tneduts :lliw snoitcuder eseht taht ezingocer eW ot elba eb ton lliw ew ;tuoba erac ylpeed ew seeyolpme dna eulav ew smargorp tceffa • .smargorp dna seeyolpme tnerruc fo level tnerruc eht peek :ot su deksa evah sredlohekats dna seeyolpme ,ytinummoc ruo taht wonk eW eciffo lartnec( tnemeganam dna stcartnoc tnatlusnoc ruo ta kool repeed a ekat ● )srotartsinimda ytinummoc dna slapicnirp ,stneduts yb deman stroppus dna secivres gnitcapmi diova ● 8 208 snoitcudeR dednemmoceR ot ssecorP ruO eht gniredisnoc soiranecs elpitlum derolpxe ew ,noitadnemmocer ruo ot teg ot redro nI :sretemarap wollof dna esoprup lareneg edulcni hcihw ;sdnuf detcirtsernu ni eb ot deen snoitcudeR ● .sdnuf noitartnecnoc & latnemelppus fo esu eht fo esoprup eht htiw ylpmoc ot deen sdnuf latnemelppus fo noitacollaeR ● .ytnuoc eht yb devorppa eb dna sdnuf eht ytilibixelf emos htiw 0513 PB fo krowemarf eht nihtiw dediug eb ot deen snoitcudeR ● .tegrat noitcuder derised eht ot teg ot .elbissop sa laminim sa eb dluohs stegdub etis loohcs ot snoitcudeR ● tnemeganam eciffo lartnec dna stcartnoc tnatlusnoc otni kooL ● 9 209 noitadnemmoceR noitcudeR ot teG ot nekaT spetS ot soiranecs suoirav redisnoc ot spets gniwollof eht koot ew ,sretemarap ruo neviG :noitadnemmocer ruo ot teg detcirtsernu yb dednuf ffats lartnec gnicuder ylno fo tcapmi eht enimaxE :1 petS )xidneppa ni liateD( .srallod esoprup lareneg lartnec mrofrep ot derih ffats dna ffats lartnec gnicuder fo tcapmi eht enimaxE :2 petS ecuder dna ;srallod esoprup lareneg detcirtsernu yb dednuf setis loohcs ta secivres )xidneppa ni liateD( .sdnuf yranoitercsid etis loohcs lartnec mrofrep ot derih ffats dna ffats lartnec gnicuder fo tcapmi eht enimaxE :3 petS dna srallod esoprup lareneg detcirtsernu yb dednuf setis loohcs ta secivres sdnuf yranoitercsid etis loohcs ecuder dna ;sdnuf latnemelppus 01 210 sdnuF latnemelppuS fo noitacollaeR eht enimaxE :3 petS :sretemarap gniwollof eht sevlovni sdnuf latnemelppuS fo noitacollaer ehT cificeps evres ot setis loohcs ot nevig sdnuf lanoitidda era latnemelppuS • .htuoy retsof dna ,emocni wol ,srenraeL hsilgnE :stneduts fo snoitalupop fo semoctuo cimedaca eht troppus ot desu eb tsum sdnuf latnemelppuS • ,slaog PACL eht no desab eb tsum dna evoba detsil stneduts cificeps eht .semoctuo tneduts ruo yb derusaem detlusnoc eb ot deriuqer si eettimmoC yrosivdA tnedutS dna tneraP ehT • ruo gnisu stnemtsevni ekam ew woh no snoitadnemmocer no .sdnuf latnemelppuS 11 211 slaoG PACL deretneC-tnedutS .ydaer reerac dna egelloc era setaudarG :1 laoG .sdradnats cimedaca etats ni tneiciforp era stnedutS :2 laoG .level edarg evoba ro ta gnidaer era stnedutS :3 laoG SAERA SUCOF rof snoitidnoC ● .ycneulf hsilgnE gnihcaer era srenraeL hsilgnE :4 laoG tludA & tnedutS gninraeL .yad yreve loohcs ni degagne era stnedutS :5 laoG desaB-dradnatS ● noitcurtsnI & egaugnaL ● .seitivitca loohcs ni degagne era seilimaf dna stneraP :6 laoG ycaretiL 21 212 latnemelppuS ni smargorP dna ETF fo noitanalpxE 0075 ni sdnuF dna stegdub lartnec ni tis taht snoitisop tneserper ”s0075“ evah sloohcs ,revewoh ;sloohcs ot secivres tcerid edivorp :secivres eseht esahcrup ot dediced 52.21 dna lartnec ETF 57.8 = ETF 12( srotatilicaF ecitsuJ evitarotseR ○ )setis )dednuf etis ETF 5( rotatilicaF tnemeveihcA elaM naciremA nacirfA ○ dednuf tnarg-lartnec 9.31 =ETF 4.33( sreganaM loohcS ytinummoC ○ )setis 5.91 dna )setis 5.1 dna lartnec 6 =ETF 5.7( syawhtaP reeraC / egelloC ○ )latnemelppuS ETF 3.51 dna PG 2.33 =ETF 5.84( srolesnuoC ○ )latnemelppuS ETF 28( sreciffO ytiruceS loohcS ○ )sdnuf esoprup lareneg yb rof diap ETF 012( snaidotsuC ○ )ecivres fo esahcrup etiS ;rosivrepuS ETF 1( snretnI gnilesnuoC ○ 31 213 noitazitiroirP rof snoitaredisnoC gnitnemelpmi ot segnahC stnemtsevnI dezitiroirP redlohekatS deredisnoC secivres tupnI tnedutS sloohcS ytinummoC noitacudE laicepS yevruS tnedutS secivreS sesruN yevruS lapicnirP gninraeL dekniL srolesnuoC yevruS ytinummoC lanoitcurtsnI dna scimedacA noitneteR rehcaeT noitavonnI tnemtiurceR rehcaeT tnemerucorP noitasnepmoC rehcaeT secivreS laicnaniF secivreS noitirtuN secivreS eciloP snaidotsuC ygolonhceT 41 214 dednemmoceR gnidulcnI snoitacollA 0513 PB snoitcudeR miretnI ta noisiveR ot tcejbuS srebmuN :ETON .gnitropeR etiS loohcS .4 ot secivreS lartneC deificepS .3 ediw tcirtsiD lartneC .2 yllageL .1 stegduB setiS loohcS stsoC evitartsinimdA detagilbO )M8.94$ paC %21( sesnepxE 032~ M6.89$~ M95$~ M92$~ M722$~ M2.49$~ M84$~ napsedarG .1 noitacudE laicepS .1 ,secruoser namuh ,ecnanif .g.e naoL etatS- )M5.6$~( decudeR & eerF .2 sdnuorG & sgnidliuB dna laidotsuC .2 ,tnemeganam ecnamrofrep tiduA- hcnuL sreciffO ytiruceS loohcS & eciloP loohcS .3 lagel ,secivres lanoitcurtsni sgnidniF srenraeL hsilgnE .3 sesruN loohcS .4 pihsredael tcirtsid ,secivres )M5.5$~( eraC retsoF .4 srolesnuoC loohcS .5 enituoR- sserts-hgiH .5 .e.i( secruoseR tnemhcirnE deificepS .6 & riapeR sdoohrobhgien noitirtun ,tra ,cisum ,loohcs remmus ecnanetniaM scitelhta ,secivres )M71$~( 71 215 secivreS lartneC dna nimdA lartneC ecudeR :noitadnemmoceR laniF latnemelppuS gnitacollaeR yb dna sdnuF esopruP lareneG gnisu sdnuF yranoitercsiD tegduB etiS ecuder dna ,sdnuF seicnacav gnidulcxe ;seeyolpme tnerruc no desab era serugif ETF llA tcapmI noitcudeR 0513 PB ot su swolla snoitcuder ekam ot sdnuf esoprup lareneg dna noitacollaer latnemelppus gnisU M2.11$ lartneC dna taerg llits si tcapmi ehT .secivres evitartsinimda lartnec ot snoitcuder cigetarts erom ekam ETF 48 ecudeR noitartsinimdA lliw taht snoitcnuf dna secivres fo noitacifitnedi dna noitazinagroer eciffo lartnec a eriuqer lliw PG & latnemelppuS( .rucco regnol on detcirtser .xam dna )sdnuf stnemtraped noitanimile eritne eht tneverp pleh lliw srallod latnemelppus fo esu ehT M4.4$ secivreS lartneC ,revewoH )snaidotsuc .g.e( sdnuf esoprup lareneg yb dednuf sloohcs ot secivres fo gnidivorp ETF 4.86 ecudeR .secivres edivorp ew woh ni noitazinagroer a esuac lliw snoitcuder eseht dna PG & latnemelppuS( )sdnuf detcirtser.xam ,gniffats emos .g.e( ecuder ot snoisiceD desaB etiS :noitcudeR sdnuF yranoitercsiD etiS loohcS M3$ setiS loohcS .)secivres rof stcartnoc ygrenE dna ,snoitadilosnoC loohcS ,ngisedeR latneR seitilicaF ,loohcS yadrutaS tnemelpmI M2$ sgnivaS lanoitarepO stcartnoC ,sgnivaS M6.02$ latoT 51 216 tcapmI laitnetoP - lasoporP tegduB s’ronrevoG *DSUO ot 12 - 0202 YF 02 -9102 YF - 8102 YF noitpircseD tnemtsujdA gnidnuF 91 noilliM 3$ noilliM 3$ 0 $ FFCL )rotaluclaC FFCL desiveR - tnemtsujdA ALOC( ADA rep 343$ ta detamitse tnemtsujdA gniviL fo tsoC FFCL fo tesbus ot esaercni %64.3 no desab )%73.3~( .seirogetac gnidnuF noilliM 7.1 $ 7.1 $ 0 $ tnemtsujdA SRTS noilliM rep 05$ ta sgnivaS etaR emiT-enO detamitsE( )ADA stnemeriter SRTS ot noitubirtnoc reyolpme ni noitcudeR .12-0202 dna 02-9102 tniop egatnecrep 1 ta detamitse - $ - $ - $ )DBT( noitacudE doohdlihC ylraE ediwetats stnemtsevni detegrat fo noilliB 4.2$ ADA d e7d.4nu $F .9102 en u7J .n4i n$oitpoda t0eg d u b$ ta wal dsne2m otcae bt lnaseompotrps su’rjodnAre vdoGe tsaemmusitsas tEca pramei dYe-taitmluitsME* 12-0202 YF rof 384,43 dna 02-9102 YF rof 246,43 slauqe miretnI tsriF ta detamitsE noilliM noilliM miretnI 61 217 snoitcudeR fo tcapmI eht gnisserddA rof nalP gnitcepxe era ew ,raey eno ni neppah lliw taht snoitcuder fo tnuoma eht neviG ehT .gnimmargorp dna lennosrep eciffo lartnec dna setis loohcs no tcapmi elbaredisnoc luftcepser a etaerc ot nac ew gnihtyreve od lliw ew dna tluciffid yrev si elpoep fo ssol lliw ew spets era gniwollof ehT.ssecorp siht ni noitisop a esol yam ohw esoht rof noitisnart :snoitcuder eht fo tcapmi eht sserdda ot nalp noitisnart a otni gnitaroprocni eb seicilop draoB ni dednuorg ngiseder ot eunitnoC :ngisedeR eciffO lartneC • eciffo lartnec a hsilbatse ot snoitcuder gniffats fo ytilaer dna 6006 dna 0513 .setis loohcs ot secivres dna slaog PACL ruo stroppus taht gninnalP noitisnarT • snoitisnart boj eeyolpme rof troppus dezilanosreP – setis ot secivres lartnec ni snoitcuder sserdda ot snalp evitanretla etaerC – decuder neeb evah taht secivres dna smargorp rof gnidnuf tnarg ees ot eunitnoC – 81 218 91 70649 AC ,dnalkaO ,086 etiuS ,yawdaorB 0001 219 XIDNEPPA 02 220 :liateD sgnivaS lanoitarepO sgnivaS tsoC ● noitareneG euneveR ● 12 221 sgnivaS lanoitarepO 02-9102 YF nalP detamitsE sgnivaS 000,064$ ngisedeR slatneR seitilicaF 526,562,1$ margorP yrevoceR ADA - loohcS yadrutaS ediwtcirtsiD )setis 52 muminim( 000,18$ serusolC dna snoitadilosnoC loohcS 000,051$ stsoC seitilitU & ygrenE decudeR 526,659,1$ snoitcudeR & sgnivaS latoT 52 222 noitcudeR enimaxE ot nekaT spetS no liateD rehtruF soiranecS 32 223 dednuf era taht ffatS lartneC ylno ot noitcudeR eht enimaxE :1 petS dednemmoceR toN - sralloD esopruP lareneG htiw tcapmI noitcudeR 0513 PB seicnacav gnidulcxe ;seeyolpme tnerruc no desab era serugif ETF llA esoprup lareneg yb dednuf era snoitcnuf eroc mrofrep taht ffats ruo fo ynaM ETF 1.802 fo noitcudeR noitartsinimdA lartneC eb dluow seeyolpme ruo niart dna yap ,troppus ,erih ot ytiliba ruO .srallod seeyolpme 252 gnitcapmi ,sloohcs naelc ,skoob ruo ecnalab ot ytiliba ruO .%08-06 yb decuder ro detanimile eb osla dluow stneduts ruo rof tnemnorivne gninrael efas a edivorp dna tropsnart M82$ lartnec cimedaca tsoM .%06 muminim ta yb decuder ro yteritne sti ni detanimile ,revewoh ,gnidnuf latnemelppus ot eud tcatni erom niamer dluow secivres eciffo )sralloD esopruP lareneG( ot meht wolla ot secivres eroc ruo morf erutcurtsarfni tneiciffus kcal dluow yeht .noitcnuf ereht ,revewoh ;niamer dluow setis ot secivres lartnec edivorp taht stnemtrapeD --- secivreS lartneC .noitatnemelpmi eht troppus ot erutcurtsarfni lartnec ssel eb dluow sa hcus ;setis loohcs no tcapmi tceridni evah lliw noitartsinimda lartnec gnicudeR --- setiS loohcS .setis ot troppus dna secivres deunitnocsid ro deyaled ,snoitadilosnoC loohcS ,ngisedeR latneR seitilicaF ,loohcS yadrutaS 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latot sralloD esopruP lareneG( )ylnO .g.e( ecuder ot snoisiceD desaB etiS :noitcudeR sdnuF yranoitercsiD etiS loohcS M3$ setiS loohcS .)secivres rof stcartnoc ,gniffats dna ,snoitadilosnoC loohcS ,ngisedeR latneR seitilicaF ,loohcS yadrutaS tnemelpmI M2$ sgnivaS noitarepO sgnivaS ygrenE M03$ latoT 31 225 gnitegduB desaB stluseR :0513 yciloP draoB 62 226 sdnuF detcirtsernU gnizimixaM :0513 PB )sdnuF noitartnecnoC & latnemelppuS gnidulcnI( ediW-tcirtsiD deriuqeR yllageL snoitagilbO ediW-tcirtsiD rof %21 (cid:21) secivreS evitartsinimdA tiduA naoL etatS :elpmaxe roF (cid:64) (cid:64) .cte ,sgnidniF nimda tceridnI :elpmaxe roF = %21 sesnepxe yrotadnam htob ,stsoc (cid:22) stnemtimmoc dna sloohcS ot secivreS cificepS :secivreS demaN (cid:23) noitacudE laicepS .1 detcirtsernU gniniameR llA & sgnidliuB dna laidotsuC .2 setiS loohcS ot euneveR sdnuorG (cid:24) tneduts detcejorp eht no desaB ytiruceS loohcS & eciloP loohcS .3 :gniwollof eht dna tnemllorne sreciffO napsedarG .1 sesruN loohcS .4 hcnuL decudeR & eerF .2 srolesnuoC loohcS .5 srenraeL hsilgnE .3 secruoseR tnemhcirnE deificepS .6 eraC retsoF .4 )tra ,cisum ,loohcs remmus .e.i( sdoohrobhgien sserts-hgih .5 72 227 ofnI gniffatS 82 228 dnuF lareneG llA - yrotsiH gniffatS DSUO -yralaS 91-8102 dna nevirD tifeneB htlaeH tey ton slautca dedda 92 229 epyt etis yb ETF - yrotsiH gniffatS DSUO 37.6582 a swohs 91-8102 ,llarevO 71 fo gniffats ni noitcuder .81-7102 morf ETF tegdub fo trap sa ,revewoH ,91-8102 ni punaelc )ETF gnidulcni( serutidnepxe erew ediw-tcirtsiD sa dleh dna sloohcs ot detacolla erehw stnemtraped lartneC .etairporppa 03 230 epyt eeyolpme yb ETF - yrotsiH gniffatS DSUO 13 231 tnemeganaM deifissalC DSUO .stcirtsid tsom naht srotartsinimdA deifissalC erom sah DSUO wohs stroper cilbuP dna ,stcirtsid rehto naht etar rehgih a ta srotartsinimdA deifissalC sa snoitisop seifitnedi evres ot sdnuf dezilaiceps htiw dednuf era snoitisop rotartsinimdA deifissalC ruo fo ynam .noitalupop tneduts cificeps ruo noitcA fo yroehT noitacifitnedI-revO tnemeganaM deifissalC eht fo flah revO snoitisop erom sah yltnerruc tcirtsiD ehT sdnuf C&S ro detcirtseR yb dednuf era snoitisop rehto naht tnemeganaM deifissalC sa deifitnedi eht dna noitca fo yroeht s’DSUO ot dengila ynam ,snoitinifed etats no desaB .stcirtsid .noitalupop tneduts ruo fo sdeen laiceps tnemeganam sa deifitnedisim eb yam snoitisop ,sehcaoC ,stnatsissA evitucexE ,stnatnuoccA ,.g.e( ytinummoC ,srotanidrooC JR ,stsylanA laicnaniF .)sreganaM loohcS ssenisub era ohw lennosrep yrosivrepus ;”srotartsinimdA dna srosivrepuS deifissalC“ sa sedulcni noitacude fo tnemtrapeD ainrofilaC * ,stnednetnirepus tnatsissa ,srotartsinimda etis ,stnega gnisahcrup ,srosivrepus gnitnuocca ,stnatnuocca feihc ,srotcerid ,srellortnoc ,sreganam .stnednetnirepus dna 23 232 dednuF esopruP lareneG - tnemeganaM deifissalC tnemeganaM deifissalC fo ETF 3.021 ● ni lartneC ta dednuf era snoitisop sdnuf esopruP lareneG htiw 91-8102 tnemeganaM deifissalC fo ETF 6.01 ● sloohcs 21-K ta dednuf era snoitisop esopruP lareneG htiw 91-8102 ni sdnuf htiw esoht era lartneC rof nwohs snoitisoP* .ETF retaerg ro 2 33 233 dednuF rehtO ,detcirtseR ,C&S - tnemeganaM deifissalC tnemeganaM deifissalC fo ETF 9.151 ● ni lartneC ta dednuf era snoitisop esopruP lareneG noN htiw 91-8102 sdnuf tnemeganaM deifissalC fo ETF 6.41 ● sloohcs 21-K ta dednuf era snoitisop lareneG noN htiw 91-8102 ni sdnuf esopruP htiw esoht era lartneC rof nwohs snoitisoP* .ETF retaerg ro 2 43 234 ofnI tcartnoC 53 235 stcartnoC & tnatlusnoC .srallod detcirtseR yb dednuf saw M04$ naht erom ,stcartnoc ni *M76$ eht fO lartneC htiw dednufM22$ eht fO latoT dnarG detcirtsernU detcirtseR :sdnuf detcirtsernU 0.94$ 5.22$ 5.62$ lartneC tneduts dednuf +M11$ → esnepxe na ,noitatropsnart 4.81$ 5.4$ 9.31$ sloohcS .02-9102 ni esir ot detcepxe 5.76$ 1.72$ 4.04$ latoT dnarG stnuomagniniamer tsegral ehT → nur ot erawtfos dnuf yliramirp tcerid ro smargorp gnitsixe srehcaet dna stneduts ot secivres .)xidneppa ees( .raey laitrap a ylno si ti sa desu ton saw 91-8102 .ssel saw tneps latot os ,detelpmoc ylluf erew stcartnoc lla toN .deretne stcartnoC 81-7102 * 63 236 *stcartnoC detcirtsernU ,lartneC tsegraL tnuomA rodneV 005,921,1$ NOITACUDE FO ECIFFO YTNUOC ADEMALA 000,867$ NOITADNUOF YMEDACA TEERTS 502,545$ YGOLONHCET EPACSE 789,104$ ,PUORG LOOHCSREWOP 982,983$ EGELLOC OT YAWETAG 558,063$ EVITAROBALLOC DRAOBGNIRPS 990,303$ .CNI ,KROWTEN SLOOHCS TNIRPEULB 871,782$ FLAH TREBOR 528,182$ PUORG GNITLUSNOC CILBUP 442,372$ .PROC LANOITANRETNI IHS 000,052$ ETUTITSNI NOITACUDE RETSOF SUCRAM .ereh stcartnoc 81-71 fo tsil lluf eeS .stcartnoc noitatropsnarT ni M6.11$ edulcni ton seoD .deretne stcartnoC 81-7102 * 73 Exhibit L Board Office Use: Legislative File Info. File ID Number 19-0095 Introduction Date 1/23/19 Enactment Number 19-0169 Enactment Date 1/28/19 os Memo To Board of Education From Kyla Johnson-Trammell, Superintendent Yvette Renteria, Deputy Chief of Innovation Board Meeting Date January 23, 28, 2019 Subject RESOLUTION NO. 1819-0143 -- Approving Coliseum College Preparatory Academy Expansion and Roots International Academy Closure – Work Plan - Blueprint for Quality Schools Action Adoption of Resolution No. 1819-0143 -- Approving Coliseum College Preparatory Academy Expansion and Roots International Academy Closure – Work Plan - Blueprint for Quality Schools Background On February 28, 2018, the Governing Board passed Resolution No. 1718-0124 - Work Plan - Blueprint for Quality Schools to lead to the development of a phased work plan to support the District in increasing quality in school offerings. Board Policy 6006 provides that quality, equity, utility, sustainability, and community benefit are guiding principles and factors to be used during the redesign and reconfiguration process, Discussion Resolution No. 1819-0143 authorizes: 1) Expansion of Coliseum College Preparatory Academy (CCPA), currently a 6-12 Grade School, by increasing its capacity over the next 7 school years by forming an additional 6th grade cohort in 2019-2020; an additional 7th grade cohort in 2020-2021; an additional 8th grade cohort in 2021-2022; an additional 9th grade cohort in 2022-2023; an additional 10th grade cohort in 2023-2024; an additional 11th grade cohort in 2024-2025; and an additional 12th grade cohort in 2025-2026, if needed; and 2) Closure of Roots International Academy (RIA) effective June 30, 2019 and, effectively immediately, support the enrollment transition for 1000 Broadway, Suite 680, Oakland, CA 94607 510.879.8200 ph | www.ousd.org 237 2019-2020 of current RIA 6th and 7th grade students by providing priority placement at another middle school of parent, guardian or caregiver choice. Fiscal Impact Anticipated increase in revenues through increased enrollment at a high-demand school; cost-savings over time through reduction of District’s school portfolio Attachment Resolution 1819-0143 Presentation 1000 Broadway, Suite 680, Oakland, CA 94607 510.879.8200 ph | www.ousd.org 238 RESOLUTION OF THE BOARD OF EDUCATION OF THE OAKLAND UNIFIED SCHOOL DISTRICT RESOLUTION NO. 1819-0143 Approving Coliseum College Preparatory Academy Expansion and Roots International Academy Closure – Work Plan - Blueprint for Quality Schools WHEREAS, on February 28, 2018, the Governing Board passed Resolution No. 1718-0124 - Work Plan - Blueprint for Quality Schools; WHEREAS, Resolution No. 1718-0124 provides that criteria shall be identified and articulated in the selection of schools for reconfiguration. Such criteria shall be approved by the Board of Education prior to any efforts to implement the Blueprint for Quality Schools; WHEREAS, Board Policy 6006 authorizes the Superintendent to increase access to high-quality public-school options for the students and families of Oakland using quality, equity, utility, sustainability, and community benefit as guiding principles and factors during the redesign and reconfiguration of the OUSD that builds upon the current work of the Blueprint for Quality Schools process to create a Citywide Plan, NOW, THEREFORE, BE IT RESOLVED THAT the Board hereby adopts the following proposal for a segment of Cohort 2 of the Blueprint for Quality Schools: 1) Expand Coliseum College Preparatory Academy (CCPA), currently a 6-12 Grade School, by forming an additional 6th grade cohort in 2019-2020; an additional 7th grade cohort in 2020-2021; an additional 8th grade cohort in 2021-2022; an additional 9th grade cohort in 2022-2023; an additional 10th grade cohort in 2023-2024; an additional 11th grade cohort in 2024-2025; and an additional 12th grade cohort in 2025-2026, if needed; and 2) Close Roots International Academy (RIA) effective June 30, 2019 and, effectively immediately, support the enrollment transition for 2019-2020 of current RIA 6th and 7th grade students by providing priority placement at another middle school of parent, guardian or care giver choice; and BE IT FURTHER RESOLVED THAT, as an Exception to current Board Policy 5116.1 - Open Enrollment, for this particular situation of rising 7th and 8th graders [currently 6-7 grade pupils], who are at Roots now, and also the siblings of current Roots students, who are 5th graders right now [District wide, i.e., prospective 6th graders next school year], shall have priority enrollment over anyone else that may apply to Coliseum College Preparatory Academy; and BE IT FURTHER RESOLVED THAT the Superintendent is authorized to take any and all steps to implement the reorganization of these schools and campuses to effectuate the goals outlined in the Blueprint, save an action that requires further authorization by the Board. Passed by the following vote: PREFERENTIAL AYE:None PREFERENTIAL NAYS:Josue Chavez and Yota Omosowho (Student Directors) PREFERENTIAL ABSTENTION:None PREFERENTIAL RECUSE:None 239 AYES:Jumoke Hinton Hodge, Shanthi Gonzales, Gary Yee, James Harris, Vice President Jody London and President Aimee Eng. NAYS:Roseann Torres ABSTAINED:None RECUSED: None ABSENT: None CERTIFICATION We hereby certify that the foregoing is a full, true and correct copy of a Resolution passed at a Special Meeting of the Board of Education of theOakland Unified School District held onJanuary 28, 2019. Legislative File OAKLAND UNIFIED SCHOOL DISTRICT File ID Number: 19-0095 Introduction Date: 1/23/19 Enactment Number: 19-0169 Enactment Date: 1/28/19 ___________________________________________ By: os Aimee Eng President, Board of Education ___________________________________________ Kyla Johnson-Trammell Superintendent and Secretary, Board of Education 240 Exhibit M Board Office Use: Legislative File Info. File ID Number 18-2727 Introduction Date 1/9/19 Enactment Number Enactment Date Memo To Board of Education From Kyla Johnson-Trammell, Superintendent Board Meeting Date February 11, 2019 Subject Resolution No. 1819-0144–Budget Reduction Recommendation to Achieve Fiscal Year 2019-2020 3% Reserve for Economic Uncertainty Action Requested Adoption by the Board of Education of Resolution No. 1819-0144 – Budget Reduction and Recommendation to Achieve Fiscal Year 2019-2020 3% Reserve for Economic Uncertainty Recommendation from a reduction target of $30M to $21.75M. Background and At theNovember 14, 2018 Board Meeting, the Board discussed and approved Resolution Discussion 1819-0013 from the Board’s Special Committee on Fiscal Vitality (FVC). The FVC met over the fall of 2018 to review key board policies and the Governance Theory of Action. The Committee created a set of recommendations for budget development and prioritization for the 2019-20 school year. In addition reductions of ~$30 million (coupled with savings measures and efficiencies), key recommendations include: 1. implement BP 3150; 2. redesign the District; 3. competitive employee compensation; and 4. commit to shared decision making and multi-stakeholder teams. Staff is recommending a revised target of $21.75M which is still projected to reach the 3% reserve due to the updated information in the First Interim Report. The reduced target also allows the Superintendent and staff to minimize the impact of budget reductions on the level of service, quality of staff and education programs for District students. The FY 2019-20 Reduction Plan includes: 1. reduction of $11.9M in central administrative costs; 2. reduction of $3.75M in central services to sites; 3. $1.47M in contract reductions and maximizing restricted resources; 4. $1.6M in additional operational cost savings; and 5. $3M in reductions to discretionary funds to school sites. Fiscal Impact Reductions of $21.75millionto 2019-20Budget to reach a 3.0% reserve and account for new investments, including employee compensation, recruitment, and retention. Attachments  Resolution No. 1819-0144 – Budget Reduction Recommendation to Achieve Fiscal Year 2019-2020 3% Reserve for Economic Uncertainty www.ousd.org 241 RESOLUTION OF THE BOARD OF EDUCATION OF THE OAKLAND UNIFIED SCHOOL DISTRICT NO. 1819-0144 Budget Reduction Recommendation to Achieve Fiscal Year 2019-2020 3% Reserve for Economic Uncertainty WHEREAS, the Governing Board (hereafter “Board”) passed Commitment to Fiscal Solvency Resolution 1819-0041 on August 8, 2018 to address the Oakland Unified School District’s projected deficit which at the time was estimated to grow from an estimated $20,300,000 in 2019-20 fiscal year, and $59,000,000 in the 2020-21 fiscal year and provided for reductions of at least $21,750,000 beginning in 2019-20 to address the budget shortfall and provide for a minimum 3% reserve beginning in 2019-20 fiscal year; and WHEREAS, this Resolution supersedes Resolution No. 1819-0041 and provides for all Board reductions based on updated budget information at First Interim, release of the Governor’s 2019 Budget proposal, and a consideration of required employee investments; and WHEREAS, the Board recognizes that the District is highly dependent on revenue from the State of California and that revenue source is dependent on the on-going stability of the California State economy; and WHEREAS, the Board recognizes that the Governor’s 2019/2020 Budget proposal projects out year increases tied to primarily cost of living adjustments only, and that these budget components have a direct impact on the District’s multi-year projections; and WHEREAS, the Board of Directors understands the increased costs of living to staff in the Oakland Community and Greater Bay Area and the impacts on recruiting and retaining highly skilled teachers and staff, and the Board is committed to increasing investments in staff salaries; WHEREAS, the Board further recognizes the impact of declining enrollment and increasing California State Teachers’ Retirement System (CalSTRS) and California Public Employees’ Retirement System (CalPERS) pension costs on the District’s budget; 1 242 WHEREAS, the AB 1200 provides for the District to provide to the Alameda County Office of Education a full disclosure of proposed impacts, costs, and multi-year projections to support any negotiated salary investments; and WHEREAS, Education Code section 42127(c) provides, in relevant part, that the County Superintendent of Schools shall: “Determine whether the adopted budget will allow the school district to meet its financial obligations during the fiscal year and is consistent with a financial plan that will enable the school district to satisfy its multi-year financial commitments . . . [and] shall either conditionally approve or disapprove a budget that does not provide adequate assurance that the school district will meet its current and future obligations and resolve any problems identified in studies, reports, evaluations, or audits described in this paragraph”; and WHEREAS, based on the District projections of revenue and expenditures and the District’s current fiscal challenges and commitment to staff salaries, it is projected that without offsetting reductions, the District would not meet its required minimum reserves beginning in the 2019-2020 and 2020-21 fiscal years, and the District would have a negative ending fund balance which would vary based on the level of employee salary commitments and other district drivers of revenue and costs; and WHEREAS, the Board desires to minimize the impact of budget reductions on the level of service and quality of staff and education programs for District students; and WHEREAS, on November 14, 2018, the Board passed Resolution No. 1819-0013 providing direction on the fiscal years 2018-2019 and 2019-2020 budget reductions, including desired minimum reserve levels that achieve a maximum of $30 million in reductions for the 2019-20 year and focus on: 1. implementing BP 3150; 2. redesigning the District; 3. providing competitive employee compensation; and, 4. committing to shared decision making and multi- stakeholder teams; and WHEREAS, the Superintendent presented information to the Board relating to the 2019-2020 budget on January 9, 2019 and January 23, 2019, which included potential options for budget reductions, a recommendation for 2019-2020 budget reductions on February 6, 2019, for first read, and a final vote on proposed budget reductions for the 2019-2020 budget on February 11, 2019; and WHEREAS, the Superintendent recommends (1) a reduction $11.9M in central administrative costs, a total of 90.23 FTE to be eliminated or moved to restricted funding sources ; (2) a reduction of $3.75M in central services to sites, a total of 57.8 FTE to be eliminated or moved to restricted funding sources; (3) reallocation of supplemental funds to support educator 2 243 retention and compensation; (4) $1.47M in reductions to contracts and maximizing restricted resources, and (5) $1.6M in additional operational cost savings. NOW, THEREFORE, BE IT RESOLVED, this Resolution supersedes Resolution No. 1819-0041 and provides for all Board reductions based on updated budget information at First Interim, release of the Governor’s 2019 Budget proposal, and a consideration of required employee investments; and BE IT FURTHER RESOLVED, the Governing Board hereby adopts the Superintendent’s recommendation relating budget reductions to achieve its Fiscal Year 2019-20 3% Reserve for Economic Uncertain and investments in educator compensation through: (1) a reduction $11.9M in central administrative costs, a total of 90.23 FTE to be eliminated or moved to restricted funding sources;(2) a reduction of $3.75M in central services to sites, a total of 57.8 FTE to be eliminated or moved to restricted funding sources;(3) reallocation of supplemental funds to support educator retention and compensation; (4) $1.47M in reductions to contracts and maximizing restricted resources; and, (5) $1.6M in additional operational cost savings; and BE IT FURTHER RESOLVED, that the Board hereby directs the Superintendent to initiate all steps necessary to implement these budget reductions, including without limitation, statutory notices relating to layoff or reassignment and to incorporate these budget reductions in the proposed Fiscal Year 2019-2020 District Budget to be adopted by Board not later than June 30, 2019; and BE IT FURTHER RESOLVED, that given Board Policy 3100.1 and the District’s budget, the Board requires the Superintendent to develop a conservative budget that achieves at minimum a 3% reserve beginning in FY 2019-20 in order to address unforeseen budgetary increases. PASSED AND ADOPTED this 11th day of February, 2019, at a Special Meeting of the Governing Board by the following vote: PREFERENTIAL AYE: PREFERENTIAL NOE: PREFERENTIAL ABSTENTION: PREFERENTIAL RECUSE: AYES: NOES: ABSTAINED: RECUSE: ABSENT: 3 244 CERTIFICATION We hereby certify that the foregoing is a full, true and correct copy of a Resolution passed at a Special Meeting of the Board of Education of the Oakland Unified School District, held on February 11, 2019. OAKLAND UNIFIED SCHOOL DISTRICT Legislative File Info. File ID Number: Introduction Date: ___________________________________________ Enactment Number: Aimee Eng Enactment Date: President, Board of Education ___________________________________________ Kyla Johnson-Trammell Superintendent and Secretary, Board of Education 4 245 Exhibit N 246 tcirtsiD loohcS deifinU dnalkaO tnemeltteS oN 12-0202 12-0202 12-0202 02-9102 02-9102 02-9102 91-8102 91-8102 91-8102 detcejorP detcejorP detcejorP detcejorP miretnI dn2 miretnI dn2 9102/02/2 denibmoC DETCIRTSER DETCIRTSERNU denibmoC DETCIRTSER DETCIRTSERNU denibmoC DETCIRTSER DETCIRTSERNU 69.304,43 00.0 69.304,43 19.359,43 00.0 19.359,43 46.845,53 00.0 46.845,53 ADA dednuF %75.1- %76.1- raeY roirP morf ADA ni egnahc egatnecreP 6820.1 6820.1 6430.1 6430.1 1720.1 1720.1 % ALOC yrotutatS 0000.001 0000.001 0000.001 0000.001 0000.001 0000.001 egatnecreP gnidnuF paG 5030.1 5030.1 8130.1 8130.1 8530.1 8530.1 IPC 00.35 00.151 00.35 00.151 00.35 00.151 ADA rep yrettoL TCEJBO EUNEVER .A 269,684,393 903,872,3 356,802,093 545,680,783 903,872,3 632,808,383 114,909,483 903,872,3 201,136,183 9908-0108 secruoS FFCL .1 0 0 0 1908/9108 stnemtsujdA raeY roirP 016,682,1 571,395,05 0 306,185,05 306,185,05 0 289,965,05 289,965,05 0 9928-0018 seuneveR laredeF .2 294,501,76 809,588,85 485,912,8 494,288,56 172,007,75 322,281,8 380,013,17 209,626,65 181,386,41 9958-0038 seuneveR etatS rehtO .3 0 0 0 0 0 0 0 0 0 514,104,97 811,867,56 792,336,31 533,183,97 811,867,56 712,316,31 678,163,97 811,867,56 857,395,31 9978-0068 seuneveR lacoL rehtO .4 0 0 0 0 0 0 0 snoitubirtnoc ees - 1G erusaeM 440,785,095 015,525,871 435,160,214 779,139,285 103,823,771 676,306,504 253,151,685 113,342,671 140,809,904 EUNEVER LATOT SERUTIDNEPXE .B 512,424,202 972,397,66 739,036,531 035,433,991 587,377,56 547,065,331 035,433,991 587,377,56 547,065,331 9991 - 0001 seiralaS esaB 575,731,3 692,530,1 082,201,2 586,980,3 494,910,1 291,070,2 0 0 0 %55.1 nmuloC & petS 0 0 0 0 0 0 0 0 0 %00.0 91-81 eludehcs ffO 0 0 0 0 0 0 0 %00.0 91-81 0 0 0 0 0 0 0 0 0 %00.0 02-91 0 0 %00.0 12-02 197,165,502 475,828,76 612,337,731 512,424,202 972,397,66 739,036,531 035,433,991 587,377,56 547,065,331 seiralaS detacifitreC latoT 0 0 0 266,845,49 308,652,73 068,192,75 481,337,39 464,539,63 027,797,65 481,337,39 464,539,63 027,797,65 9992 - 0002 seiralaS esaB 375,228 431,423 934,894 974,518 933,123 041,494 0 0 0 %78.0 nmuloC & petS 0 0 0 0 0 0 0 0 0 %00.0 91-81 eludehcs ffO 0 0 %00.0 91-81 0 0 0 0 0 %00.0 02-91 0 0 %00.0 12-02 632,173,59 739,085,73 992,097,75 266,845,49 308,652,73 068,192,75 481,337,39 464,539,63 027,797,65 seiralaS deifissalC latoT 720,339,003 115,904,501 515,325,591 878,279,692 180,050,401 797,229,291 417,760,392 942,907,201 564,853,091 :SEIRALAS LATOT 009,964,401 378,433,64 720,531,85 979,218,89 870,582,44 109,725,45 016,128,19 985,005,14 120,123,05 9993-0003 stifeneB eeyolpmE .3 235,837,16 010,749,22 125,197,83 223,049,95 156,872,22 176,166,73 784,491,85 857,926,12 927,465,63 stifeneb htlaeH 0 0 0 0 0 0 0 0 0 234,802,661 488,182,96 845,629,69 103,357,851 927,365,66 275,981,29 790,610,051 743,031,36 057,588,68 stifeneB eeyolpmE latoT 337,595,13 667,727,42 669,768,6 147,246,33 840,879,62 396,466,6 733,153,63 255,884,92 587,268,6 9994-0004 seilppuS dna skooB .4 878,015,39 784,732,95 193,372,43 263,119,58 474,398,25 888,710,33 718,837,19 225,748,45 592,198,63 9995-0005 .pO rehtO ,secivreS .5 211,794,1 562,463,1 748,231 440,474,1 956,443,1 583,921 254,055,7 565,424,7 788,521 9996-0006 yaltuO latipaC .6 192,840,6 192,840,6 0 192,840,6 192,840,6 0 256,298,9 256,298,9 0 9927-0017 ogtuO rehtO .7 )052,773,1( 179,291,1 )122,075,2( )052,773,1( 506,638,1 )558,312,3( )642,773,1( 755,736,2 )308,410,4( 9937-0037 stsoC tceridnI/tceriD .8 665,946,6 0 665,946,6 665,946,6 0 665,946,6 665,946,6 0 665,946,6 9947-0047 ecivreS tbeD .9 887,560,506 571,262,762 316,308,733 339,470,885 788,417,952 640,063,823 883,988,395 444,031,072 449,857,323 SERUTIDNEPXE LATOT )447,874,41( )566,637,88( 129,752,47 )659,241,5( )685,683,28( 036,342,77 )630,837,7( )331,788,39( 790,941,68 YCNEICIFED/SSECXE .C SECRUOS REHTO .D 760,465 0 760,465 760,465 0 760,465 760,465 0 760,465 9298-0198 nI srefsnarT dnufretnI .1 )000,097,1( 0 )000,097,1( )000,097,1( 0 )000,097,1( )000,097,1( 0 )000,097,1( 9267-0167 tuO srefsnarT dnufretnI .2 0 0 0 0 0 0 0 0 0 9798-0398 nI secruoS rehtO .3 0 0 0 0 0 0 0 0 0 9967-0367 tuO sesU rehtO .4 0 695,169,87 )695,169,87( 0 442,400,47 )442,400,47( 0 196,401,37 )196,401,37( 9998-0898 smargorP detcirtseR/.birtnoC .5 0 )339,522,1( 695,169,87 )925,781,08( )339,522,1( 442,400,47 )771,032,57( )339,522,1( 196,401,37 )426,033,47( SESU/SECRUOS LATOT )43.776,407,51( )01.960,577,9( )42.806,929,5( )40.988,863,6( )37.143,283,8( 07.254,310,2 )74.969,369,8( )80.244,287,02( 16.274,818,11 ecnalaB dnuF ot egnahC SEVRESER ,ECNALAB DNUF .F 212,056,43 111,844,9 101,202,52 101,910,14 254,038,71 946,881,32 658,785,65 598,216,83 169,479,71 :ECNALAB GNINNIGEB TEN 0 0 )587,406,6( )587,406,6( TNEMTSUJDA TIDUA 0 0 0 STNEMETATSER 535,549,81 )859,623( 394,272,91 212,056,43 111,844,9 101,202,52 101,910,14 254,038,71 946,881,32 :ECNALAB GNIDNE :ECNALAB GNIDNE FO STNENOPMOC 000,051 0 000,051 000,051 0 000,051 000,051 0 000,051 HSAC GNIVLOVER 0 0 0 DIAPERP 0 0 0 0 0 0 0 0 0 SEROTS 613,101,21 0 613,101,21 994,167,11 0 994,167,11 885,319,11 0 885,319,11 %00.2 EVRESER DERIUQER )859,623( )859,623( 111,844,9 111,844,9 254,038,71 254,038,71 detcirtseR yllageL 0 0 0 0 0 0 stnemtimmoC rehtO 0 0 0 0 0 0 0 0 0 0 0 0 81.771,120,7 00.0 81.771,120,7 24.206,092,31 00.0 24.206,092,31 27.060,521,11 00.0 27.060,521,11 DETAIRPORPPANU 247 tcirtsiD loohcS deifinU dnalkaO redniftcaF 12-0202 12-0202 12-0202 02-9102 02-9102 02-9102 91-8102 91-8102 91-8102 detcejorP detcejorP detcejorP detcejorP miretnI dn2 miretnI dn2 9102/02/2 denibmoC DETCIRTSER DETCIRTSERNU denibmoC DETCIRTSER DETCIRTSERNU denibmoC DETCIRTSER DETCIRTSERNU 69.304,43 00.0 69.304,43 19.359,43 00.0 19.359,43 46.845,53 00.0 46.845,53 ADA dednuF %75.1- %76.1- raeY roirP morf ADA ni egnahc egatnecreP 6820.1 6820.1 6430.1 6430.1 1720.1 1720.1 % ALOC yrotutatS 0000.001 0000.001 0000.001 0000.001 0000.001 0000.001 egatnecreP gnidnuF paG 5030.1 5030.1 8130.1 8130.1 8530.1 8530.1 IPC 00.35 00.151 00.35 00.151 00.35 00.151 ADA rep yrettoL TCEJBO EUNEVER .A 269,684,393 903,872,3 356,802,093 545,680,783 903,872,3 632,808,383 114,909,483 903,872,3 201,136,183 9908-0108 secruoS FFCL .1 0 0 0 1908/9108 stnemtsujdA raeY roirP 016,682,1 571,395,05 0 306,185,05 306,185,05 0 289,965,05 289,965,05 0 9928-0018 seuneveR laredeF .2 294,501,76 809,588,85 485,912,8 494,288,56 172,007,75 322,281,8 380,013,17 209,626,65 181,386,41 9958-0038 seuneveR etatS rehtO .3 0 0 0 0 0 0 0 0 0 514,104,97 811,867,56 792,336,31 533,183,97 811,867,56 712,316,31 678,163,97 811,867,56 857,395,31 9978-0068 seuneveR lacoL rehtO .4 0 0 0 0 0 0 0 snoitubirtnoc ees - 1G erusaeM 440,785,095 015,525,871 435,160,214 779,139,285 103,823,771 676,306,504 253,151,685 113,342,671 140,809,904 EUNEVER LATOT SERUTIDNEPXE .B 617,853,802 752,754,86 954,109,931 054,871,502 663,214,76 480,667,731 035,433,991 587,377,56 547,065,331 9991 - 0001 seiralaS esaB 065,922,3 780,160,1 374,861,2 662,081,3 298,440,1 473,531,2 0 0 0 %55.1 nmuloC & petS 0 0 0 0 0 0 0 0 0 %00.0 91-81 eludehcs ffO 0 0 0 0 029,348,5 185,836,1 933,502,4 %00.3 )91-81( 81-71 353,551,6 173,220,2 389,231,4 %00.3 91-81 0 0 0 0 0 0 0 0 0 %00.0 02-91 0 0 %00.0 12-02 672,885,112 543,815,96 139,960,241 617,853,802 752,754,86 954,109,931 308,333,112 737,434,96 760,998,141 seiralaS detacifitreC latoT 0 0 0 397,541,99 677,643,83 710,997,06 466,092,89 730,610,83 726,472,06 481,337,39 464,539,63 027,797,65 9992 - 0002 seiralaS esaB 865,268 716,333 159,825 921,558 047,033 983,425 0 0 0 %78.0 nmuloC & petS 0 0 0 0 0 0 0 0 0 %00.0 91-81 eludehcs ffO 809,108,2 375,080,1 633,127,1 %00.3 )81-71( 91-81 350,698,2 184,041,1 275,557,1 %00.3 91-81 0 0 0 0 0 %00.0 02-91 0 0 %00.0 12-02 163,800,001 393,086,83 869,723,16 397,541,99 677,643,83 710,997,06 541,134,99 815,651,93 726,472,06 seiralaS deifissalC latoT 736,695,113 837,891,801 998,793,302 905,405,703 330,408,601 574,007,002 849,467,013 452,195,801 496,371,202 :SEIRALAS LATOT 659,797,701 053,391,74 606,406,06 100,029,101 795,780,54 504,238,65 328,273,69 855,040,34 662,233,35 9993-0003 stifeneB eeyolpmE .3 235,837,16 010,749,22 125,197,83 223,049,95 156,872,22 176,166,73 784,491,85 857,926,12 927,465,63 stifeneb htlaeH 0 0 0 0 0 0 0 0 0 784,635,961 063,041,07 721,693,99 323,068,161 842,663,76 670,494,49 113,765,451 613,076,46 599,698,98 stifeneB eeyolpmE latoT 337,595,13 667,727,42 669,768,6 147,246,33 840,879,62 396,466,6 733,153,63 255,884,92 587,268,6 9994-0004 seilppuS dna skooB .4 878,015,39 784,732,95 193,372,43 263,119,58 474,398,25 888,710,33 718,837,19 225,748,45 592,198,63 9995-0005 .pO rehtO ,secivreS .5 211,794,1 562,463,1 748,231 440,474,1 956,443,1 583,921 254,055,7 565,424,7 788,521 9996-0006 yaltuO latipaC .6 192,840,6 192,840,6 0 192,840,6 192,840,6 0 256,298,9 256,298,9 0 9927-0017 ogtuO rehtO .7 )052,773,1( 179,291,1 )122,075,2( )052,773,1( 506,638,1 )558,312,3( )642,773,1( 755,736,2 )308,410,4( 9937-0037 stsoC tceridnI/tceriD .8 665,946,6 0 665,946,6 665,946,6 0 665,946,6 665,946,6 0 665,946,6 9947-0047 ecivreS tbeD .9 454,750,916 878,909,072 675,741,843 785,317,106 853,172,362 922,244,833 738,731,616 814,255,772 914,585,833 SERUTIDNEPXE LATOT )114,074,82( )863,483,29( 859,319,36 )906,187,81( )750,349,58( 744,161,76 )584,689,92( )701,903,101( 226,223,17 YCNEICIFED/SSECXE .C SECRUOS REHTO .D 760,465 0 760,465 760,465 0 760,465 760,465 0 760,465 9298-0198 nI srefsnarT dnufretnI .1 )000,097,1( 0 )000,097,1( )000,097,1( 0 )000,097,1( )000,097,1( 0 )000,097,1( 9267-0167 tuO srefsnarT dnufretnI .2 0 0 0 0 0 0 196,401,38 196,401,38 0 9798-0398 nI secruoS rehtO .3 0 0 0 0 0 0 0 0 0 9967-0367 tuO sesU rehtO .4 0 695,169,87 )695,169,87( 0 422,400,47 )422,400,47( 0 196,401,37 )196,401,37( 9998-0898 smargorP detcirtseR/.birtnoC .5 0 )339,522,1( 695,169,87 )925,781,08( )339,522,1( 422,400,47 )751,032,57( 857,878,18 283,902,651 )426,033,47( SESU/SECRUOS LATOT )45.343,696,92( )13.277,224,31( )42.175,372,61( )34.245,700,02( )07.238,839,11( )47.907,860,8( 71.372,298,15 59.472,009,45 )77.100,800,3( ecnalaB dnuF ot egnahC SEVRESER ,ECNALAB DNUF .F 108,768,18 733,475,18 564,392 443,578,101 071,315,39 471,263,8 658,785,65 598,216,83 169,479,71 :ECNALAB GNINNIGEB TEN 0 0 )587,406,6( )587,406,6( TNEMTSUJDA TIDUA 0 0 0 STNEMETATSER 854,171,25 565,151,86 )701,089,51( 108,768,18 733,475,18 564,392 443,578,101 071,315,39 471,263,8 :ECNALAB GNIDNE :ECNALAB GNIDNE FO STNENOPMOC 000,051 0 000,051 000,051 0 000,051 000,051 0 000,051 HSAC GNIVLOVER 0 0 0 DIAPERP 0 0 0 0 0 0 0 0 0 SEROTS 051,183,21 0 051,183,21 272,430,21 0 272,430,21 755,853,21 0 755,853,21 %00.2 EVRESER DERIUQER 565,151,86 565,151,86 733,475,18 733,475,18 071,315,39 071,315,39 detcirtseR yllageL 0 0 0 0 0 0 stnemtimmoC rehtO 0 0 0 0 0 0 0 0 0 0 0 0 )46.652,115,82( 00.0 )46.652,115,82( )04.708,098,11( 00.0 )04.708,098,11( )66.283,641,4( 00.0 )66.283,641,4( DETAIRPORPPANU 248 tcirtsiD loohcS deifinU dnalkaO DSUO 12-0202 12-0202 12-0202 02-9102 02-9102 02-9102 91-8102 91-8102 91-8102 detcejorP detcejorP detcejorP detcejorP miretnI dn2 miretnI dn2 9102/02/2 denibmoC DETCIRTSER DETCIRTSERNU denibmoC DETCIRTSER DETCIRTSERNU denibmoC DETCIRTSER DETCIRTSERNU 69.304,43 00.0 69.304,43 19.359,43 00.0 19.359,43 46.845,53 00.0 46.845,53 ADA dednuF %75.1- %76.1- raeY roirP morf ADA ni egnahc egatnecreP 6820.1 6820.1 6430.1 6430.1 1720.1 1720.1 % ALOC yrotutatS 0000.001 0000.001 0000.001 0000.001 0000.001 0000.001 egatnecreP gnidnuF paG 5030.1 5030.1 8130.1 8130.1 8530.1 8530.1 IPC 00.35 00.151 00.35 00.151 00.35 00.151 ADA rep yrettoL TCEJBO EUNEVER .A 269,684,393 903,872,3 356,802,093 545,680,783 903,872,3 632,808,383 114,909,483 903,872,3 201,136,183 9908-0108 secruoS FFCL .1 0 0 0 1908/9108 stnemtsujdA raeY roirP 016,682,1 571,395,05 0 306,185,05 306,185,05 0 289,965,05 289,965,05 0 9928-0018 seuneveR laredeF .2 294,501,76 809,588,85 485,912,8 494,288,56 172,007,75 322,281,8 380,013,17 209,626,65 181,386,41 9958-0038 seuneveR etatS rehtO .3 0 0 0 0 0 0 0 0 0 514,104,97 811,867,56 792,336,31 533,183,97 811,867,56 712,316,31 678,163,97 811,867,56 857,395,31 9978-0068 seuneveR lacoL rehtO .4 0 0 0 0 0 0 0 snoitubirtnoc ees - 1G erusaeM 440,785,095 015,525,871 435,160,214 779,139,285 103,823,771 676,306,504 253,151,685 113,342,671 140,809,904 EUNEVER LATOT SERUTIDNEPXE .B 390,795,012 750,094,96 630,701,141 845,423,202 293,067,66 651,465,531 035,433,991 587,377,56 547,065,331 9991 - 0001 seiralaS esaB 552,462,3 690,770,1 951,781,2 030,631,3 687,430,1 442,101,2 0 0 0 %55.1 nmuloC & petS 0 0 0 0 0 0 069,129,2 092,918 076,201,2 %05.1 81-71 eludehcs ffO 0 0 0 0 810,099,2 706,689 114,300,2 %05.1 91-81 0 0 0 415,631,5 978,496,1 536,144,3 0 0 0 %05.2 02-91 029,702,3 705,850,1 314,941,2 %05.1 12-02 862,960,712 066,526,17 806,344,541 390,795,012 750,094,96 630,701,141 805,642,502 286,975,76 628,666,731 seiralaS detacifitreC latoT 0 0 0 560,663,89 640,167,83 910,506,95 281,931,59 694,984,73 686,946,75 481,337,39 464,539,63 027,797,65 9992 - 0002 seiralaS esaB 587,558 122,733 465,815 117,728 951,623 255,105 0 0 0 %78.0 nmuloC & petS 0 0 0 0 0 0 459,004,1 682,045 866,068 %05.1 81-71 eludehcs ffO 899,504,1 230,455 669,158 %05.1 91-81 0 271,993,2 193,549 187,354,1 0 %05.2 02-91 823,884,1 474,685 458,109 %05.1 12-02 771,017,001 147,486,93 634,520,16 560,663,89 640,167,83 910,506,95 631,045,69 287,920,83 453,015,85 seiralaS deifissalC latoT 644,977,713 204,013,111 440,964,602 851,369,803 301,152,801 550,217,002 446,687,103 464,906,501 971,771,691 :SEIRALAS LATOT 579,615,901 315,721,84 264,983,16 196,422,201 722,594,54 564,927,65 347,860,49 828,162,24 519,608,15 9993-0003 stifeneB eeyolpmE .3 235,837,16 010,749,22 125,197,83 223,049,95 156,872,22 176,166,73 784,491,85 857,926,12 927,465,63 stifeneb htlaeH 0 0 0 0 0 0 0 0 0 705,552,171 425,470,17 389,081,001 310,561,261 778,377,76 631,193,49 032,362,251 685,198,36 446,173,88 stifeneB eeyolpmE latoT 337,595,13 667,727,42 669,768,6 147,246,33 840,879,62 396,466,6 733,153,63 255,884,92 587,268,6 9994-0004 seilppuS dna skooB .4 878,015,39 784,732,95 193,372,43 263,419,58 474,698,25 888,710,33 718,837,19 225,748,45 592,198,63 9995-0005 .pO rehtO ,secivreS .5 211,794,1 562,463,1 748,231 440,474,1 956,443,1 583,921 254,055,7 565,424,7 788,521 9996-0006 yaltuO latipaC .6 192,840,6 192,840,6 0 192,840,6 192,840,6 0 256,298,9 256,298,9 0 9927-0017 ogtuO rehtO .7 )052,773,1( 179,291,1 )122,075,2( )052,773,1( 506,638,1 )558,312,3( )642,773,1( 755,736,2 )308,410,4( 9937-0037 stsoC tceridnI/tceriD .8 665,946,6 0 665,946,6 665,946,6 0 665,946,6 665,946,6 0 665,946,6 9947-0047 ecivreS tbeD .9 282,959,626 507,559,472 775,300,253 629,974,306 750,921,562 868,053,833 154,558,406 898,197,372 355,360,133 SERUTIDNEPXE LATOT )832,273,63( )691,034,69( 759,750,06 )949,745,02( )657,008,78( 808,252,76 )990,407,81( )785,845,79( 884,448,87 YCNEICIFED/SSECXE .C SECRUOS REHTO .D 760,465 0 760,465 760,465 0 760,465 760,465 0 760,465 9298-0198 nI srefsnarT dnufretnI .1 )000,097,1( 0 )000,097,1( )000,097,1( 0 )000,097,1( )000,097,1( 0 )000,097,1( 9267-0167 tuO srefsnarT dnufretnI .2 0 0 0 0 0 0 0 0 0 9798-0398 nI secruoS rehtO .3 0 0 0 0 0 0 0 0 0 9967-0367 tuO sesU rehtO .4 0 695,169,87 )695,169,87( 0 422,400,47 )422,400,47( 0 196,401,37 )196,401,37( 9998-0898 smargorP detcirtseR/.birtnoC .5 0 )339,522,1( 695,169,87 )925,781,08( )339,522,1( 422,400,47 )751,032,57( )339,522,1( 196,401,37 )426,033,47( SESU/SECRUOS LATOT )74.171,895,73( )05.995,864,71( )79.175,921,02( )65.188,377,12( )53.235,697,31( )12.943,779,7( )94.230,039,91( )54.698,344,42( 59.368,315,4 ecnalaB dnuF ot egnahC SEVRESER ,ECNALAB DNUF .F 751,972,8 664,273 196,609,7 830,350,03 899,861,41 040,488,51 658,785,65 598,216,83 169,479,71 :ECNALAB GNINNIGEB TEN 0 0 )587,406,6( )587,406,6( TNEMTSUJDA TIDUA 0 0 0 STNEMETATSER )510,913,92( )431,690,71( )188,222,21( 751,972,8 664,273 196,609,7 830,350,03 899,861,41 040,488,51 :ECNALAB GNIDNE :ECNALAB GNIDNE FO STNENOPMOC 000,051 0 000,051 000,051 0 000,051 000,051 0 000,051 HSAC GNIVLOVER 0 0 0 DIAPERP 0 0 0 0 0 0 0 0 0 SEROTS 681,935,21 0 681,935,21 995,960,21 0 995,960,21 019,231,21 0 019,231,21 %00.2 EVRESER DERIUQER )431,690,71( )431,690,71( 664,273 664,273 899,861,41 899,861,41 detcirtseR yllageL 0 0 0 0 0 0 stnemtimmoC rehtO 0 0 0 0 0 0 0 0 0 0 0 0 )21.760,219,42( 00.0 )21.760,219,42( )51.809,213,4( 00.0 )51.809,213,4( 60.031,106,3 00.0 60.031,106,3 DETAIRPORPPANU 249 tcirtsiD loohcS deifinU dnalkaO AEO 12-0202 12-0202 12-0202 02-9102 02-9102 02-9102 91-8102 91-8102 91-8102 detcejorP detcejorP detcejorP detcejorP miretnI dn2 miretnI dn2 9102/02/2 denibmoC DETCIRTSER DETCIRTSERNU denibmoC DETCIRTSER DETCIRTSERNU denibmoC DETCIRTSER DETCIRTSERNU 69.304,43 00.0 69.304,43 19.359,43 00.0 19.359,43 46.845,53 00.0 46.845,53 ADA dednuF %75.1- %76.1- raeY roirP morf ADA ni egnahc egatnecreP 6820.1 6820.1 6430.1 6430.1 1720.1 1720.1 % ALOC yrotutatS 0000.001 0000.001 0000.001 0000.001 0000.001 0000.001 egatnecreP gnidnuF paG 5030.1 5030.1 8130.1 8130.1 8530.1 8530.1 IPC 00.35 00.151 00.35 00.151 00.35 00.151 ADA rep yrettoL TCEJBO EUNEVER .A 269,684,393 903,872,3 356,802,093 545,680,783 903,872,3 632,808,383 114,909,483 903,872,3 201,136,183 9908-0108 secruoS FFCL .1 0 0 0 1908/9108 stnemtsujdA raeY roirP 016,682,1 571,395,05 0 306,185,05 306,185,05 0 289,965,05 289,965,05 0 9928-0018 seuneveR laredeF .2 294,501,76 809,588,85 485,912,8 494,288,56 172,007,75 322,281,8 380,013,17 209,626,65 181,386,41 9958-0038 seuneveR etatS rehtO .3 0 0 0 0 0 0 0 0 0 514,104,97 811,867,56 792,336,31 533,183,97 811,867,56 712,316,31 678,163,97 811,867,56 857,395,31 9978-0068 seuneveR lacoL rehtO .4 0 0 0 0 0 0 0 snoitubirtnoc ees - 1G erusaeM 440,785,095 015,525,871 435,160,214 779,139,285 103,823,771 676,306,504 253,151,685 113,342,671 140,809,904 EUNEVER LATOT SERUTIDNEPXE .B 817,725,722 523,557,47 393,277,251 885,583,312 068,801,07 827,672,341 035,433,991 587,377,56 547,065,331 9991 - 0001 seiralaS esaB 086,625,3 807,851,1 279,763,2 774,703,3 786,680,1 987,022,2 0 0 0 %55.1 nmuloC & petS 0 0 0 0 0 0 029,348,5 185,836,1 933,502,4 %00.3 81-71 0 0 0 0 831,702,8 594,696,2 346,015,5 %00.4 91-81 0 0 0 356,438,01 777,955,3 678,472,7 0 0 0 %00.5 02-91 0 0 %00.0 12-02 793,450,132 330,419,57 563,041,551 817,725,722 523,557,47 393,277,251 885,583,312 068,801,07 827,672,341 seiralaS detacifitreC latoT 0 0 0 344,333,601 976,478,14 367,854,46 694,693,001 876,635,93 818,958,06 481,337,39 464,539,63 027,797,65 9992 - 0002 seiralaS esaB 101,529 013,463 197,065 054,378 969,343 084,925 0 0 0 %78.0 nmuloC & petS 0 0 0 0 0 0 809,108,2 375,080,1 633,127,1 %00.3 81-71 404,168,3 146,025,1 267,043,2 %00.4 91-81 0 794,360,5 230,499,1 564,960,3 0 %00.5 02-91 0 0 %00.0 12-02 445,852,701 989,832,24 555,910,56 344,333,601 976,478,14 367,854,46 694,693,001 876,635,93 818,958,06 seiralaS deifissalC latoT 149,213,833 220,351,811 919,951,022 161,168,333 400,036,611 651,132,712 480,287,313 835,546,901 645,631,402 :SEIRALAS LATOT 210,376,511 104,812,05 116,454,56 657,213,901 819,819,74 838,393,16 297,581,79 812,133,34 475,458,35 9993-0003 stifeneB eeyolpmE .3 235,837,16 010,749,22 125,197,83 223,049,95 156,872,22 176,166,73 784,491,85 857,926,12 927,465,63 stifeneb htlaeH 0 0 0 0 0 0 0 0 0 445,114,771 114,561,37 331,642,401 870,352,961 965,791,07 905,550,99 082,083,551 679,069,46 403,914,09 stifeneB eeyolpmE latoT 337,595,13 667,727,42 669,768,6 147,246,33 840,879,62 396,466,6 733,153,63 255,884,92 587,268,6 9994-0004 seilppuS dna skooB .4 878,015,39 784,732,95 193,372,43 263,119,58 474,398,25 888,710,33 718,837,19 225,748,45 592,198,63 9995-0005 .pO rehtO ,secivreS .5 211,794,1 562,463,1 748,231 440,474,1 956,443,1 583,921 254,055,7 565,424,7 788,521 9996-0006 yaltuO latipaC .6 192,840,6 192,840,6 0 192,840,6 192,840,6 0 256,298,9 256,298,9 0 9927-0017 ogtuO rehtO .7 )052,773,1( 179,291,1 )122,075,2( )052,773,1( 506,638,1 )558,312,3( )642,773,1( 755,736,2 )308,410,4( 9937-0037 stsoC tceridnI/tceriD .8 665,946,6 0 665,946,6 665,946,6 0 665,946,6 665,946,6 0 665,946,6 9947-0047 ecivreS tbeD .9 418,846,356 312,988,382 206,957,963 399,264,536 056,829,572 343,435,953 149,769,916 263,798,872 975,070,143 SERUTIDNEPXE LATOT )177,160,36( )307,363,501( 239,103,24 )610,135,25( )943,006,89( 333,960,64 )985,618,33( )150,456,201( 264,738,86 YCNEICIFED/SSECXE .C SECRUOS REHTO .D 760,465 0 760,465 760,465 0 760,465 760,465 0 760,465 9298-0198 nI srefsnarT dnufretnI .1 )000,097,1( 0 )000,097,1( )000,097,1( 0 )000,097,1( )000,097,1( 0 )000,097,1( 9267-0167 tuO srefsnarT dnufretnI .2 0 0 0 0 0 0 0 0 0 9798-0398 nI secruoS rehtO .3 0 0 0 0 0 0 0 0 0 9967-0367 tuO sesU rehtO .4 0 695,169,87 )695,169,87( 0 422,400,47 )422,400,47( 0 196,401,37 )196,401,37( 9998-0898 smargorP detcirtseR/.birtnoC .5 0 )339,522,1( 695,169,87 )925,781,08( )339,522,1( 422,400,47 )751,032,57( )339,522,1( 196,401,37 )426,033,47( SESU/SECRUOS LATOT )47.307,782,46( )88.601,204,62( )58.695,588,73( )77.849,657,35( )81.521,695,42( )95.328,061,92( )79.125,240,53( )99.953,945,92( )89.161,394,5( ecnalaB dnuF ot egnahC SEVRESER ,ECNALAB DNUF .F )004,618,83( )195,235,51( )908,382,32( 945,049,41 535,360,9 410,778,5 658,785,65 598,216,83 169,479,71 :ECNALAB GNINNIGEB TEN 0 0 )587,406,6( )587,406,6( TNEMTSUJDA TIDUA 0 0 0 STNEMETATSER )401,401,301( )796,439,14( )604,961,16( )004,618,83( )195,235,51( )908,382,32( 945,049,41 535,360,9 410,778,5 :ECNALAB GNIDNE :ECNALAB GNIDNE FO STNENOPMOC 000,051 0 000,051 000,051 0 000,051 000,051 0 000,051 HSAC GNIVLOVER 0 0 0 DIAPERP 0 0 0 0 0 0 0 0 0 SEROTS 779,270,31 0 779,270,31 062,907,21 0 062,907,21 951,534,21 0 951,534,21 %00.2 EVRESER DERIUQER )796,439,14( )796,439,14( )195,235,51( )195,235,51( 535,360,9 535,360,9 detcirtseR yllageL 0 0 0 0 0 0 stnemtimmoC rehtO 0 0 0 0 0 0 0 0 0 0 0 0 )13.383,293,47( 00.0 )13.383,293,47( )64.960,341,63( 00.0 )64.960,341,63( )78.441,807,6( 00.0 )78.441,807,6( DETAIRPORPPANU 250 tcirtsiD loohcS deifinU dnalkaO SRTS rewoL redniftcaF 12-0202 12-0202 12-0202 02-9102 02-9102 02-9102 91-8102 91-8102 91-8102 detcejorP detcejorP detcejorP detcejorP miretnI dn2 miretnI dn2 9102/02/2 denibmoC DETCIRTSER DETCIRTSERNU denibmoC DETCIRTSER DETCIRTSERNU denibmoC DETCIRTSER DETCIRTSERNU 69.304,43 00.0 69.304,43 19.359,43 00.0 19.359,43 46.845,53 00.0 46.845,53 ADA dednuF %75.1- %76.1- raeY roirP morf ADA ni egnahc egatnecreP 6820.1 6820.1 6430.1 6430.1 1720.1 1720.1 % ALOC yrotutatS 0000.001 0000.001 0000.001 0000.001 0000.001 0000.001 egatnecreP gnidnuF paG 5030.1 5030.1 8130.1 8130.1 8530.1 8530.1 IPC 00.35 00.151 00.35 00.151 00.35 00.151 ADA rep yrettoL TCEJBO EUNEVER .A 269,684,393 903,872,3 356,802,093 545,680,783 903,872,3 632,808,383 114,909,483 903,872,3 201,136,183 9908-0108 secruoS FFCL .1 0 0 0 1908/9108 stnemtsujdA raeY roirP 016,682,1 571,395,05 0 306,185,05 306,185,05 0 289,965,05 289,965,05 0 9928-0018 seuneveR laredeF .2 294,501,76 809,588,85 485,912,8 494,288,56 172,007,75 322,281,8 380,013,17 209,626,65 181,386,41 9958-0038 seuneveR etatS rehtO .3 0 0 0 0 0 0 0 0 0 514,104,97 811,867,56 792,336,31 533,183,97 811,867,56 712,316,31 678,163,97 811,867,56 857,395,31 9978-0068 seuneveR lacoL rehtO .4 0 0 0 0 0 0 0 snoitubirtnoc ees - 1G erusaeM 440,785,095 015,525,871 435,160,214 779,139,285 103,823,771 676,306,504 253,151,685 113,342,671 140,809,904 EUNEVER LATOT SERUTIDNEPXE .B 617,853,802 752,754,86 954,109,931 054,871,502 663,214,76 480,667,731 035,433,991 587,377,56 547,065,331 9991 - 0001 seiralaS esaB 065,922,3 780,160,1 374,861,2 662,081,3 298,440,1 473,531,2 0 0 0 %55.1 nmuloC & petS 0 0 0 0 0 0 0 0 0 %00.0 91-81 eludehcs ffO 0 0 0 0 029,348,5 185,836,1 933,502,4 %00.3 )91-81( 81-71 353,551,6 173,220,2 389,231,4 %00.3 91-81 0 0 0 0 0 0 0 0 0 %00.0 02-91 0 0 %00.0 12-02 672,885,112 543,815,96 139,960,241 617,853,802 752,754,86 954,109,931 308,333,112 737,434,96 760,998,141 seiralaS detacifitreC latoT 0 0 0 397,541,99 677,643,83 710,997,06 466,092,89 730,610,83 726,472,06 481,337,39 464,539,63 027,797,65 9992 - 0002 seiralaS esaB 865,268 716,333 159,825 921,558 047,033 983,425 0 0 0 %78.0 nmuloC & petS 0 0 0 0 0 0 0 0 0 %00.0 91-81 eludehcs ffO 809,108,2 375,080,1 633,127,1 %00.3 )81-71( 91-81 350,698,2 184,041,1 275,557,1 %00.3 91-81 0 0 0 0 0 %00.0 02-91 0 0 %00.0 12-02 163,800,001 393,086,83 869,723,16 397,541,99 677,643,83 710,997,06 541,134,99 815,651,93 726,472,06 seiralaS deifissalC latoT 736,695,113 837,891,801 998,793,302 905,405,703 330,408,601 574,007,002 849,467,013 452,195,801 496,371,202 :SEIRALAS LATOT 370,286,501 661,894,64 709,381,95 709,377,99 784,283,44 024,193,55 328,273,69 855,040,34 662,233,35 9993-0003 stifeneB eeyolpmE .3 235,837,16 010,749,22 125,197,83 223,049,95 156,872,22 176,166,73 784,491,85 857,926,12 927,465,63 stifeneb htlaeH 0 0 0 0 0 0 0 0 0 506,024,761 771,544,96 824,579,79 922,417,951 831,166,66 190,350,39 113,765,451 613,076,46 599,698,98 stifeneB eeyolpmE latoT 337,595,13 667,727,42 669,768,6 147,246,33 840,879,62 396,466,6 733,153,63 255,884,92 587,268,6 9994-0004 seilppuS dna skooB .4 878,015,39 784,732,95 193,372,43 263,119,58 474,398,25 888,710,33 718,837,19 225,748,45 592,198,63 9995-0005 .pO rehtO ,secivreS .5 211,794,1 562,463,1 748,231 440,474,1 956,443,1 583,921 254,055,7 565,424,7 788,521 9996-0006 yaltuO latipaC .6 192,840,6 192,840,6 0 192,840,6 192,840,6 0 256,298,9 256,298,9 0 9927-0017 ogtuO rehtO .7 )052,773,1( 179,291,1 )122,075,2( )052,773,1( 506,638,1 )558,312,3( )642,773,1( 755,736,2 )308,410,4( 9937-0037 stsoC tceridnI/tceriD .8 665,946,6 0 665,946,6 665,946,6 0 665,946,6 665,946,6 0 665,946,6 9947-0047 ecivreS tbeD .9 175,149,616 596,412,072 778,627,643 294,765,995 842,665,262 442,100,733 738,731,616 814,255,772 914,585,833 SERUTIDNEPXE LATOT )825,453,62( )581,986,19( 756,433,56 )515,536,61( )749,732,58( 234,206,86 )584,689,92( )701,903,101( 226,223,17 YCNEICIFED/SSECXE .C SECRUOS REHTO .D 760,465 0 760,465 760,465 0 760,465 760,465 0 760,465 9298-0198 nI srefsnarT dnufretnI .1 )000,097,1( 0 )000,097,1( )000,097,1( 0 )000,097,1( )000,097,1( 0 )000,097,1( 9267-0167 tuO srefsnarT dnufretnI .2 0 0 0 0 0 0 196,401,38 196,401,38 0 9798-0398 nI secruoS rehtO .3 0 0 0 0 0 0 0 0 0 9967-0367 tuO sesU rehtO .4 0 695,169,87 )695,169,87( 0 422,400,47 )422,400,47( 0 196,401,37 )196,401,37( 9998-0898 smargorP detcirtseR/.birtnoC .5 0 )339,522,1( 695,169,87 )925,781,08( )339,522,1( 422,400,47 )751,032,57( 857,878,18 283,902,651 )426,033,47( SESU/SECRUOS LATOT )87.064,085,72( )68.885,727,21( )39.178,258,41( )66.744,168,71( )59.227,332,11( )17.427,726,6( 71.372,298,15 59.472,009,45 )77.100,800,3( ecnalaB dnuF ot egnahC SEVRESER ,ECNALAB DNUF .F 698,310,48 744,972,28 054,437,1 443,578,101 071,315,39 471,263,8 658,785,65 598,216,83 169,479,71 :ECNALAB GNINNIGEB TEN 0 0 )587,406,6( )587,406,6( TNEMTSUJDA TIDUA 0 0 0 STNEMETATSER 534,334,65 858,155,96 )224,811,31( 698,310,48 744,972,28 054,437,1 443,578,101 071,315,39 471,263,8 :ECNALAB GNIDNE :ECNALAB GNIDNE FO STNENOPMOC 000,051 0 000,051 000,051 0 000,051 000,051 0 000,051 HSAC GNIVLOVER 0 0 0 DIAPERP 0 0 0 0 0 0 0 0 0 SEROTS 238,833,21 0 238,833,21 053,199,11 0 053,199,11 755,853,21 0 755,853,21 %00.2 EVRESER DERIUQER 858,155,96 858,155,96 744,972,28 744,972,28 071,315,39 071,315,39 detcirtseR yllageL 0 0 0 0 0 0 stnemtimmoC rehtO 0 0 0 0 0 0 0 0 0 0 0 0 )03.452,706,52( 00.0 )03.452,706,52( )83.009,604,01( 00.0 )83.009,604,01( )66.283,641,4( 00.0 )66.283,641,4( DETAIRPORPPANU 251 tcirtsiD loohcS deifinU dnalkaO SRTS rewoL DSUO 12-0202 12-0202 12-0202 02-9102 02-9102 02-9102 91-8102 91-8102 91-8102 detcejorP detcejorP detcejorP detcejorP miretnI dn2 miretnI dn2 9102/02/2 denibmoC DETCIRTSER DETCIRTSERNU denibmoC DETCIRTSER DETCIRTSERNU denibmoC DETCIRTSER DETCIRTSERNU 69.304,43 00.0 69.304,43 19.359,43 00.0 19.359,43 46.845,53 00.0 46.845,53 ADA dednuF %75.1- %76.1- raeY roirP morf ADA ni egnahc egatnecreP 6820.1 6820.1 6430.1 6430.1 1720.1 1720.1 % ALOC yrotutatS 0000.001 0000.001 0000.001 0000.001 0000.001 0000.001 egatnecreP gnidnuF paG 5030.1 5030.1 8130.1 8130.1 8530.1 8530.1 IPC 00.35 00.151 00.35 00.151 00.35 00.151 ADA rep yrettoL TCEJBO EUNEVER .A 269,684,393 903,872,3 356,802,093 545,680,783 903,872,3 632,808,383 114,909,483 903,872,3 201,136,183 9908-0108 secruoS FFCL .1 0 0 0 1908/9108 stnemtsujdA raeY roirP 016,682,1 571,395,05 0 306,185,05 306,185,05 0 289,965,05 289,965,05 0 9928-0018 seuneveR laredeF .2 294,501,76 809,588,85 485,912,8 494,288,56 172,007,75 322,281,8 380,013,17 209,626,65 181,386,41 9958-0038 seuneveR etatS rehtO .3 0 0 0 0 0 0 0 0 0 514,104,97 811,867,56 792,336,31 533,183,97 811,867,56 712,316,31 678,163,97 811,867,56 857,395,31 9978-0068 seuneveR lacoL rehtO .4 0 0 0 0 0 0 0 snoitubirtnoc ees - 1G erusaeM 440,785,095 015,525,871 435,160,214 779,139,285 103,823,771 676,306,504 253,151,685 113,342,671 140,809,904 EUNEVER LATOT SERUTIDNEPXE .B 390,795,012 750,094,96 630,701,141 845,423,202 293,067,66 651,465,531 035,433,991 587,377,56 547,065,331 9991 - 0001 seiralaS esaB 552,462,3 690,770,1 951,781,2 030,631,3 687,430,1 442,101,2 0 0 0 %55.1 nmuloC & petS 0 0 0 0 0 0 069,129,2 092,918 076,201,2 %05.1 81-71 eludehcs ffO 0 0 0 0 810,099,2 706,689 114,300,2 %05.1 91-81 0 0 0 415,631,5 978,496,1 536,144,3 0 0 0 %05.2 02-91 029,702,3 705,850,1 314,941,2 %05.1 12-02 862,960,712 066,526,17 806,344,541 390,795,012 750,094,96 630,701,141 805,642,502 286,975,76 628,666,731 seiralaS detacifitreC latoT 0 0 0 560,663,89 640,167,83 910,506,95 281,931,59 694,984,73 686,946,75 481,337,39 464,539,63 027,797,65 9992 - 0002 seiralaS esaB 587,558 122,733 465,815 117,728 951,623 255,105 0 0 0 %78.0 nmuloC & petS 0 0 0 0 0 0 459,004,1 682,045 866,068 %05.1 81-71 eludehcs ffO 899,504,1 230,455 669,158 %05.1 91-81 0 271,993,2 193,549 187,354,1 0 %05.2 02-91 823,884,1 474,685 458,109 %05.1 12-02 771,017,001 147,486,93 634,520,16 560,663,89 640,167,83 910,506,95 631,045,69 287,920,83 453,015,85 seiralaS deifissalC latoT 644,977,713 204,013,111 440,964,602 851,369,803 301,152,801 550,217,002 446,687,103 464,906,501 971,771,691 :SEIRALAS LATOT 382,643,701 752,114,74 620,539,95 145,550,001 974,977,44 260,672,55 347,860,49 828,162,24 519,608,15 9993-0003 stifeneB eeyolpmE .3 235,837,16 010,749,22 125,197,83 223,049,95 156,872,22 176,166,73 784,491,85 857,926,12 927,465,63 stifeneb htlaeH 0 0 0 0 0 0 0 0 0 418,480,961 762,853,07 745,627,89 368,599,951 031,850,76 437,739,29 032,362,251 685,198,36 446,173,88 stifeneB eeyolpmE latoT 337,595,13 667,727,42 669,768,6 147,246,33 840,879,62 396,466,6 733,153,63 255,884,92 587,268,6 9994-0004 seilppuS dna skooB .4 878,015,39 784,732,95 193,372,43 263,119,58 474,398,25 888,710,33 718,837,19 225,748,45 592,198,63 9995-0005 .pO rehtO ,secivreS .5 211,794,1 562,463,1 748,231 440,474,1 956,443,1 583,921 254,055,7 565,424,7 788,521 9996-0006 yaltuO latipaC .6 192,840,6 192,840,6 0 192,840,6 192,840,6 0 256,298,9 256,298,9 0 9927-0017 ogtuO rehtO .7 )052,773,1( 179,291,1 )122,075,2( )052,773,1( 506,638,1 )558,312,3( )642,773,1( 755,736,2 )308,410,4( 9937-0037 stsoC tceridnI/tceriD .8 665,946,6 0 665,946,6 665,946,6 0 665,946,6 665,946,6 0 665,946,6 9947-0047 ecivreS tbeD .9 985,887,426 944,932,472 141,945,053 677,703,106 013,014,462 664,798,633 154,558,406 898,197,372 355,360,133 SERUTIDNEPXE LATOT )645,102,43( )939,317,59( 393,215,16 )997,573,81( )900,280,78( 012,607,86 )990,407,81( )785,845,79( 884,448,87 YCNEICIFED/SSECXE .C SECRUOS REHTO .D 760,465 0 760,465 760,465 0 760,465 760,465 0 760,465 9298-0198 nI srefsnarT dnufretnI .1 )000,097,1( 0 )000,097,1( )000,097,1( 0 )000,097,1( )000,097,1( 0 )000,097,1( 9267-0167 tuO srefsnarT dnufretnI .2 0 0 0 0 0 0 0 0 0 9798-0398 nI secruoS rehtO .3 0 0 0 0 0 0 0 0 0 9967-0367 tuO sesU rehtO .4 0 695,169,87 )695,169,87( 0 422,400,47 )422,400,47( 0 196,401,37 )196,401,37( 9998-0898 smargorP detcirtseR/.birtnoC .5 0 )339,522,1( 695,169,87 )925,781,08( )339,522,1( 422,400,47 )751,032,57( )339,522,1( 196,401,37 )426,033,47( SESU/SECRUOS LATOT )97.874,724,53( )09.243,257,61( )98.531,576,81( )05.137,106,91( )67.487,770,31( )57.649,325,6( )94.230,039,91( )54.698,344,42( 59.368,315,4 ecnalaB dnuF ot egnahC SEVRESER ,ECNALAB DNUF .F 703,154,01 312,190,1 390,063,9 830,350,03 899,861,41 040,488,51 658,785,65 598,216,83 169,479,71 :ECNALAB GNINNIGEB TEN 0 0 )587,406,6( )587,406,6( TNEMTSUJDA TIDUA 0 0 0 STNEMETATSER )271,679,42( )031,166,51( )340,513,9( 703,154,01 312,190,1 390,063,9 830,350,03 899,861,41 040,488,51 :ECNALAB GNIDNE :ECNALAB GNIDNE FO STNENOPMOC 000,051 0 000,051 000,051 0 000,051 000,051 0 000,051 HSAC GNIVLOVER 0 0 0 DIAPERP 0 0 0 0 0 0 0 0 0 SEROTS 277,594,21 0 277,594,21 651,620,21 0 651,620,21 019,231,21 0 019,231,21 %00.2 EVRESER DERIUQER )031,166,51( )031,166,51( 312,190,1 312,190,1 899,861,41 899,861,41 detcirtseR yllageL 0 0 0 0 0 0 stnemtimmoC rehtO 0 0 0 0 0 0 0 0 0 0 0 0 )75.418,069,12( 00.0 )75.418,069,12( )86.260,618,2( 00.0 )86.260,618,2( 60.031,106,3 00.0 60.031,106,3 DETAIRPORPPANU 252 tcirtsiD loohcS deifinU dnalkaO SRTS rewoL AEO 12-0202 12-0202 12-0202 02-9102 02-9102 02-9102 91-8102 91-8102 91-8102 detcejorP detcejorP detcejorP detcejorP miretnI dn2 miretnI dn2 9102/02/2 denibmoC DETCIRTSER DETCIRTSERNU denibmoC DETCIRTSER DETCIRTSERNU denibmoC DETCIRTSER DETCIRTSERNU 69.304,43 00.0 69.304,43 19.359,43 00.0 19.359,43 46.845,53 00.0 46.845,53 ADA dednuF %75.1- %76.1- raeY roirP morf ADA ni egnahc egatnecreP 6820.1 6820.1 6430.1 6430.1 1720.1 1720.1 % ALOC yrotutatS 0000.001 0000.001 0000.001 0000.001 0000.001 0000.001 egatnecreP gnidnuF paG 5030.1 5030.1 8130.1 8130.1 8530.1 8530.1 IPC 00.35 00.151 00.35 00.151 00.35 00.151 ADA rep yrettoL TCEJBO EUNEVER .A 269,684,393 903,872,3 356,802,093 545,680,783 903,872,3 632,808,383 114,909,483 903,872,3 201,136,183 9908-0108 secruoS FFCL .1 0 0 0 1908/9108 stnemtsujdA raeY roirP 016,682,1 571,395,05 0 306,185,05 306,185,05 0 289,965,05 289,965,05 0 9928-0018 seuneveR laredeF .2 294,501,76 809,588,85 485,912,8 494,288,56 172,007,75 322,281,8 380,013,17 209,626,65 181,386,41 9958-0038 seuneveR etatS rehtO .3 0 0 0 0 0 0 0 0 0 514,104,97 811,867,56 792,336,31 533,183,97 811,867,56 712,316,31 678,163,97 811,867,56 857,395,31 9978-0068 seuneveR lacoL rehtO .4 0 0 0 0 0 0 0 snoitubirtnoc ees - 1G erusaeM 440,785,095 015,525,871 435,160,214 779,139,285 103,823,771 676,306,504 253,151,685 113,342,671 140,809,904 EUNEVER LATOT SERUTIDNEPXE .B 817,725,722 523,557,47 393,277,251 885,583,312 068,801,07 827,672,341 035,433,991 587,377,56 547,065,331 9991 - 0001 seiralaS esaB 086,625,3 807,851,1 279,763,2 774,703,3 786,680,1 987,022,2 0 0 0 %55.1 nmuloC & petS 0 0 0 0 0 0 029,348,5 185,836,1 933,502,4 %00.3 81-71 0 0 0 0 831,702,8 594,696,2 346,015,5 %00.4 91-81 0 0 0 356,438,01 777,955,3 678,472,7 0 0 0 %00.5 02-91 0 0 %00.0 12-02 793,450,132 330,419,57 563,041,551 817,725,722 523,557,47 393,277,251 885,583,312 068,801,07 827,672,341 seiralaS detacifitreC latoT 0 0 0 344,333,601 976,478,14 367,854,46 694,693,001 876,635,93 818,958,06 481,337,39 464,539,63 027,797,65 9992 - 0002 seiralaS esaB 101,529 013,463 197,065 054,378 969,343 084,925 0 0 0 %78.0 nmuloC & petS 0 0 0 0 0 0 809,108,2 375,080,1 633,127,1 %00.3 81-71 404,168,3 146,025,1 267,043,2 %00.4 91-81 0 794,360,5 230,499,1 564,960,3 0 %00.5 02-91 0 0 %00.0 12-02 445,852,701 989,832,24 555,910,56 344,333,601 976,478,14 367,854,46 694,693,001 876,635,93 818,958,06 seiralaS deifissalC latoT 149,213,833 220,351,811 919,951,022 161,168,333 400,036,611 651,132,712 480,287,313 835,546,901 645,631,402 :SEIRALAS LATOT 864,263,311 062,954,94 802,309,36 022,969,601 839,841,74 282,028,95 297,581,79 812,133,34 475,458,35 9993-0003 stifeneB eeyolpmE .3 235,837,16 010,749,22 125,197,83 223,049,95 156,872,22 176,166,73 784,491,85 857,926,12 927,465,63 stifeneb htlaeH 0 0 0 0 0 0 0 0 0 000,101,571 172,604,27 927,496,201 245,909,661 985,724,96 359,184,79 082,083,551 679,069,46 403,914,09 stifeneB eeyolpmE latoT 337,595,13 667,727,42 669,768,6 147,246,33 840,879,62 396,466,6 733,153,63 255,884,92 587,268,6 9994-0004 seilppuS dna skooB .4 878,015,39 784,732,95 193,372,43 263,119,58 474,398,25 888,710,33 718,837,19 225,748,45 592,198,63 9995-0005 .pO rehtO ,secivreS .5 211,794,1 562,463,1 748,231 440,474,1 956,443,1 583,921 254,055,7 565,424,7 788,521 9996-0006 yaltuO latipaC .6 192,840,6 192,840,6 0 192,840,6 192,840,6 0 256,298,9 256,298,9 0 9927-0017 ogtuO rehtO .7 )052,773,1( 179,291,1 )122,075,2( )052,773,1( 506,638,1 )558,312,3( )642,773,1( 755,736,2 )308,410,4( 9937-0037 stsoC tceridnI/tceriD .8 665,946,6 0 665,946,6 665,946,6 0 665,946,6 665,946,6 0 665,946,6 9947-0047 ecivreS tbeD .9 072,833,156 270,031,382 891,802,863 754,911,336 076,851,572 787,069,753 149,769,916 263,798,872 975,070,143 SERUTIDNEPXE LATOT )722,157,06( )365,406,401( 633,358,34 )084,781,05( )963,038,79( 988,246,74 )985,618,33( )150,456,201( 264,738,86 YCNEICIFED/SSECXE .C SECRUOS REHTO .D 760,465 0 760,465 760,465 0 760,465 760,465 0 760,465 9298-0198 nI srefsnarT dnufretnI .1 )000,097,1( 0 )000,097,1( )000,097,1( 0 )000,097,1( )000,097,1( 0 )000,097,1( 9267-0167 tuO srefsnarT dnufretnI .2 0 0 0 0 0 0 0 0 0 9798-0398 nI secruoS rehtO .3 0 0 0 0 0 0 0 0 0 9967-0367 tuO sesU rehtO .4 0 695,169,87 )695,169,87( 0 422,400,47 )422,400,47( 0 196,401,37 )196,401,37( 9998-0898 smargorP detcirtseR/.birtnoC .5 0 )339,522,1( 695,169,87 )925,781,08( )339,522,1( 422,400,47 )751,032,57( )339,522,1( 196,401,37 )426,033,47( SESU/SECRUOS LATOT )67.951,779,16( )65.669,246,52( )02.391,433,63( )72.314,314,15( )33.541,628,32( )49.762,785,72( )79.125,240,53( )99.953,945,92( )89.161,394,5( ecnalaB dnuF ot egnahC SEVRESER ,ECNALAB DNUF .F )568,274,63( )116,267,41( )452,017,12( 945,049,41 535,360,9 410,778,5 658,785,65 598,216,83 169,479,71 :ECNALAB GNINNIGEB TEN 0 0 )587,406,6( )587,406,6( TNEMTSUJDA TIDUA 0 0 0 STNEMETATSER )420,054,89( )775,504,04( )744,440,85( )568,274,63( )116,267,41( )452,017,12( 945,049,41 535,360,9 410,778,5 :ECNALAB GNIDNE :ECNALAB GNIDNE FO STNENOPMOC 000,051 0 000,051 000,051 0 000,051 000,051 0 000,051 HSAC GNIVLOVER 0 0 0 DIAPERP 0 0 0 0 0 0 0 0 0 SEROTS 667,620,31 0 667,620,31 093,266,21 0 093,266,21 951,534,21 0 951,534,21 %00.2 EVRESER DERIUQER )775,504,04( )775,504,04( )116,267,41( )116,267,41( 535,360,9 535,360,9 detcirtseR yllageL 0 0 0 0 0 0 stnemtimmoC rehtO 0 0 0 0 0 0 0 0 0 0 0 0 )10.312,122,17( 00.0 )10.312,122,17( )18.346,225,43( 00.0 )18.346,225,43( )78.441,807,6( 00.0 )78.441,807,6( DETAIRPORPPANU Exhibit O AB1840 Estimated Costs Estimated Actual Hours Projected Hours ACOE 2018-19 October November December January February March April May June Total Hours Days Rate Cost County Superintendent 10 60 90 100 100 60 60 60 60 600 75.0 $1,575 $118,125 Associate Superintendent 10 60 90 110 120 80 100 100 80 750 93.8 $1,375 $128,906 Chief of Staff 10 60 80 100 100 90 60 60 60 620 77.5 $975 $75,563 ACOE Staff (various) 5 10 30 30 15 15 15 15 15 150 20.0 $600 $12,000 ACOE Contractor A 10 10 20 10 10 40 40 40 40 220 27.5 $800 $22,000 ACOE Contractor B 10 10 20 10 0 0 0 0 0 50 6.3 $800 $5,000 External Contractor A 0 0 0 0 0 100 100 100 100 400 50.0 $1,650 $82,500 External Contractor B 0 0 0 0 0 100 100 100 100 400 50.0 $1,650 $82,500 External Contractor C 0 0 0 0 0 100 100 100 100 400 50.0 $1,650 $82,500 External Contractor D 0 0 0 0 0 100 100 100 100 400 50.0 $1,650 $82,500 External Contractor E 0 0 0 0 0 100 100 100 100 400 50.0 $1,650 $82,500 Total $774,094 AB1840 Estimated Costs Projected Hours ACOE 2019-20 July-Sep Oct-Dec Jan-Mar Apr-Jun Total Hours Days Rate Cost County Superintendent 80 60 60 40 240 30.0 $1,600 $48,000 Associate Superintendent 120 120 120 120 480 60.0 $1,400 $84,000 Chief of Staff 40 40 60 40 180 22.5 $1,000 $22,500 ACOE Staff (various) 40 60 40 40 180 24.0 $625 $15,000 ACOE Contractor A 60 60 60 60 240 30.0 $800 $24,000 External Contractor A 300 300 300 300 1200 150.0 $1,650 $247,500 External Contractor B 300 300 300 300 1200 150.0 $1,650 $247,500 External Contractor C 300 300 300 300 1200 150.0 $1,650 $247,500 External Contractor D 300 300 300 300 1200 150.0 $1,650 $247,500 External Contractor E 300 300 300 300 1200 150.0 $1,650 $247,500 Total $1,431,000 AB1840 Estimated Costs Projected Hours ACOE 2020-21 July-Sep Oct-Dec Jan-Mar Apr-Jun Total Hours Days Rate Cost County Superintendent 40 40 20 20 120 15.0 $1,625 $24,375 Associate Superintendent 90 60 40 40 230 28.8 $1,425 $40,969 Chief of Staff 40 20 20 10 90 11.3 $1,025 $11,531 ACOE Staff (various) 40 30 30 20 120 16.0 $650 $10,400 ACOE Contractor A 60 60 60 60 240 30.0 $800 $24,000 External Contractor A 300 300 300 200 1100 137.5 $1,650 $226,875 External Contractor B 300 300 300 200 1100 137.5 $1,650 $226,875 External Contractor C 300 300 300 200 1100 137.5 $1,650 $226,875 External Contractor D 300 300 200 200 1000 125.0 $1,650 $206,250 External Contractor E 300 300 200 200 1000 125.0 $1,650 $206,250 Total $1,204,400 253 Exhibit P OUSD 2018-2020 Fiscal Vitality Plan Summary Fiscal Vitality Plan was introduced on Dec. 13, 2017 and is organized into three chapters - stability, recovery, vitality ● Stability - short-term (one to six months) ● Recovery - medium-term (three to twelve months) ● Vitality - long-term (six to eighteen months) FCMAT Risk Factors and Fiscal Vitality Plan-Responsive Recommendations Risk Factor Rating Summary FCMAT Recommendations FVP-Responsive Recommendations Deficit Spending No Adopt a plan to eliminate deficit spending 2.1, 2.2, 2.3, 2.4 Fund Balance No Monitor contributions and transfers to restricted 1.1, 1.2, 1.3, 1.4, 1.5, 1.6, programs 1.7 Reserve for No Develop a plan to restore and maintain reserve 1.1, 1.2, 1.3, 1.4, 1.5, 1.6, Economic Uncertainty 1.7 Enrollment and Mixed Monitoring plan; new housing; industry, charter 2.1 Attendance schools, birthrates, FTE changes Cash Monitoring Mixed Plan for short-term cash flow needs; inter-fund 1.9 transfers Bargaining No Bargaining beyond COLA must be supported by 3.2 Agreement available fund balance General Fund Mixed Track one-time revenues with one-time 1.3, 2.9 expenditures; plan for realignment or elimination of positions funded Encroachment No Special ed, nutrition and early childhood cost 1.7 containment; evaluate transportation and bell schedules Position Control and No Tracking, creating, and deleting positions; 1.2, 2.5, 2.6, 2.8 Human Resources reconciling HR, budget and payroll systems Budget Development Yes Budget development timeline and procedures 2.1, 2.2, 2.3 and Adoption Multi-year Projections Yes Zero-based budgeting 2.2 Budget Monitoring No Budget exception framework 2.4 and Updates Leadership Stability No Culture and practices that promote and support 3.1, 3.2, 3.3 systematic reform Internal Controls and Yes Ensure continuity and consistency in the 2.4, 2.5, 2.6, 2.7, 2.8 Audit Reports application of internal controls General Ledger Mixed Strengthen communication among financial 1.7, 1.8, 1.9, 1.10 services departments 254 23 Recommendations for action to help rectify OUSD fiscal health Last available update online was March 14,2018 ​ Stability - Short-Term (one to six months) ​ Rec # Recommendation Status 1.1 Restore the ending fund balance and maintain the state-mandated Complete (Pg. 13) reserve for economic uncertainty (OUSD Supt. email) Date & ACOE Updates Name: 2 /11/19 T hedistrictoverestimatedtheirADAfortheprioryear,resultinginanauditadjustmentof$5.4M.There Gary w asanadditionalauditadjustmentof$1.2M.Bothreducethefundbalance.Thedistrictover-estimated Shirene theircurrentyearADAforanadditionalreductionof$2.4M.TheirREUisprojectedtobebelow2%for currentplustwoyears. Date & OUSD Updates Name: 255 1.2 Institute adjustments to existing Central Office positions In Progress (Pg. 15) (3.14.18 report) Date & ACOE Updates Name: 2 /8/19 A COEismonitoringproposedreductionsofCentralOfficepositions,theirfundingsources,andeffectson various o perations.ThecurrentofficialdocumentisavailableontheOUSDwebsite,entitled"18-27272019-20 AppendixProposedStaffReductionandPositionFundingReallocationImpactAnalysis(FirstReading- 2619)."ThedocumentspecifiesreductionsinOperations,Academics,andSuperintendentfunctions, a longwithprojectedsavings. Date & OUSD Updates Name: 1.3 Maximize the use of restricted revenue resources In Progress (Pg. 16) (3.14.18 report) Date & ACOE Updates Name: 2 /7/19 A COEhascompletedadetailedanalysisoflocallyrestrictedresourceswithlargerevenuesand Gary b alances.Theseareresources0002-1400andresourcesthatrollupto9010.Theparceltaxresourcesof Thomas 9332(G1)and9334(G)requirebettermanagement.Thebigrestrictedresourcesof3010(TitleI)and Hernan 6500(SpecialEducation)needextensiveanalysis,notcompletedbyACOE,inanefforttoreduce u nrestrictedcontributions. Date & OUSD Updates Name: 256 1.4 Evaluate Central Office-based contracts and books/supplies for possible In Progress (Pg. 18) freeze and capture of savings (3.14.18 report) Date & ACOE Updates Name: 2 /7/19 A COEhasnotcompletedadetailedanalysisofcontracts.Thesuppliesbudgetsfarexceedactual Gary s pending($30M)andthereisthepossibilityoflargesavings.Thereasonforthehighbalancesisthe Hernan districtbudgetstheirendingbalancestoObject4399,eveninresourceswherethesebalancescouldbe Thomas useddifferently. Date & OUSD Updates Name: 1.5 Pursue capture of donated days and/or furlough In Progress (Pg. 20) (3.14.18 report) Date & ACOE Updates Name: Date & OUSD Updates Name: 257 1.6 Adjust school per pupil allocations to capture savings In Progress (Pg. 21) (3.14.18 report) Date & ACOE Updates Name: Date & OUSD Updates Name: 1.7 Institute closer monitoring of contributions to other programs, e.g., In Progress (Pg. 22) special education, nutrition, and early childhood (3.14.18 report) Date & ACOE Updates Name: 2 /11/19 T hedistricthashighinterfundtransferstoFund13Cafeteriaandcontributionstospecialeducation. Gary A COEdoesnothavethecapacitytoevaluatetheseprogramsingreatdetail.NoanalysisofFund12 ChildDevelopmenthasbeenattemptedandACOEdoesnothavethecapacity.Helpfromconsultants couldbenefitACOEandthedistrict. Date & OUSD Updates Name: 258 1.8 Update and implement budget forecast and projection practices In Progress (Pg. 23) (3.14.18 report) Date & ACOE Updates Name: 2 /11/19 S incetheconditionalapprovalofthedistrict'sbudget,ACOEhasincreaseditsinvolvementintryingto Shirene g atherdatatojustifythedistrict'sassumptionsandprojections:enrollment,ADA,LCFFsources,1%cost Gary ofraisestoallunits,step&columncalculations,unspecifiedotheradjustments,H&Wcosts,unaudited Thomas actualstoCYbudget,actualexpendituresandencumbrancestoCYbudget,useofparceltaxes, Hernan b udgetingofMAA,MandatedCosts,andLottery,budgetingandspendingofsupplies,andotheroutgo. Teresa Date & OUSD Updates Name: 1.9 Review and update cash flow monitoring practices In Progress (Pg. 25) (3.14.18 report) Date & ACOE Updates Name: 2 /11/19 A COEconducteditsnormalreviewofcashflowduringthetechnicalreviewofFirstInterim(Shirene Gary M oreira).ACOEcontinuestoconductextensiveanalysisofcashflow,comparingactualspendingto Thomas projectedbudget.ACOEhasreceivedinformationfromthedistrictthatindicatesanyproposedraisesare Hernan beinganalyzedwithcashflowinmind. Date & OUSD Updates Name: 259 1.10 Institute immediate protocols to limit and review spending among Central In Progress (Pg. 27) Office and school sites (3.14.18 report) Date & ACOE Updates Name: Date & OUSD Updates Name: 260 Recovery - Medium-Term (three to twelve months) ​ Rec # Recommendation Status 2.1 Plan for and adopt a balanced budget that avoids future deficit spending In Progress (Pg. 29) (3.14.18 report) Date & ACOE Updates Name: N oapprovedplanhasbeenreceivedfromthedistrict. Date & OUSD Updates Name: 2.2 Establish and conduct zero-based budgeting sessions with all Central In Progress (Pg. 31) Office practices (3.14.18 report) Date & ACOE Updates Name: Date & OUSD Updates Name: 261 2.3 Research, engage and implement a Central Office reorganization In Progress (Pg. 33) (3.14.18 report) Date & ACOE Updates Name: 2 /8/19 R eviewingorganizationchartsandresponsibilitiestodeterminehowtoassistthedistrictinreorganizing Dan i tsCentralOffice.Consultantgroupsandindividualsarebeingevaluatedtodeterminetheirabilityto Eric assist. Gary Date & OUSD Updates Name: 2.4 Institute and conduct monthly central office and school site budget Not Started (Pg. 35) monitoring practices (3.14.18 report) Date & ACOE Updates Name: Date & OUSD Updates Name: 262 2.5 Review, update and implement effective position control practices Not Started (Pg. 36) (3.14.18 report) Date & ACOE Updates Name: Date & OUSD Updates Name: 2.6 Develop a process for pre-approval of extra time employee payments In Progress (Pg. 38) (3.14.18 report) Date & ACOE Updates Name: Date & OUSD Updates Name: 263 2.7 Review and implement revised contract approval, processing and Not Started (Pg. 39) management procedures (3.14.18 report) Date & ACOE Updates Name: Date & OUSD Updates Name: 2.8 Complete transition to Escape technology system to manage finance In Progress (Pg. 41) and human resource (HR) information (3.14.18 report) Date & ACOE Updates Name: Doug OUSD has completed the transition to the ACOE Escape Online 5 system. As of July 1, 2018, Escape Online 5 is OUSD’s system of record. ACOE is currently providing Escape support to OUSD for most areas of the software. OUSD is still working with Escape for payroll support. They are also working with Escape on some additional district specific customizations. Date & OUSD Updates Name: 264 2.9 Review and execute on shifts in expenses that maximize the use of In Progress (Pg. 43) restricted funds (3.14.18 report) Date & ACOE Updates Name: S hirene T heDistricthasmadeprogresssinceprioryearinaddressingtheuseofrestrictedfunds.Someofthis d iscussioncameupduringtheirbudgetdevelopmentduringLCAPplanning. Date & OUSD Updates Name: 265 Vitality - Long-Term (six to eighteen months) ​ Rec # Recommendation Status 3.1 Review and engage school district and school leaders to re-establish In Progress (Pg. 45) appropriate budget roles and responsibility (3.14.18 report) Date & ACOE Updates Name: Date & OUSD Updates Name: 3.2 Establish systems for the management and oversight of bargaining In Progress (Pg. 47) agreements (3.14.18 report) Date & ACOE Updates Name: Date & OUSD Updates Name: 266 3.3 Consider and act on recommendations from the Blueprint for Quality In Progress (Pg. 49) Schools review (3.14.18 report) Date & ACOE Updates Name: Date & OUSD Updates Name: 267