Darien Public Schools
	---61
	DEFICIT BUDGET SUMMARY INFORMATION
	OPERATING FUNDS ONLY
		EDUCATIONAL	OPERATIONS & MAINTENANCE	TRANSPORTATION	WORKING CASH	TOTAL
1.	Direct Revenues	12,195,451	1,152,400	844,600	232,446	14,424,897
2.	Direct Expenditures	12,726,945	1,254,090	828,766		14,809,801
3.	Difference	(531,494)	(101,690)	15,834	232,446	(384,904)
4.	Estimated Fund Balance - June 30, 2008	3,697,917	684,913	904,688	2,414,656	7,702,174
			Unbalanced Budget, however, a deficit reduction plan is not required at this time.
*	A deficit reduction plan is required if the local board of education adopts (or amends) the 2007-08 school district budget in which the “operating funds” listed above result in direct revenues (line 1) being less than direct expenditures (line 2) by an amount equal to or greater than one-third (1/3) of the ending fund balance (line 4).
	Note: The balance is determined using only the four funds listed above. That is, if the estimated ending fund balance is less than three times the deficit spending, the district must adopt and file with ISBE a deficit reduction plan to balance the shortfall within three years.
	The deficit reduction plan, if required, is developed using ISBE guidelines and format (See Tab FinPlan 2008-11).