REVENUE ESTIMATES SUMMARY

                                        FY 21 Funding FY 21 Funding      FY 21
                                          Request /      Request       Rollback
                              FY 20      Anticipated   Reductions/    Funding /
 Funding Sources             Budget        Funding      Decreased    Anticipated
 City of Appropriation       57,366,623     3,448,915    (3,448,915) 57,366,623
 State                       20,857,813       400,067      (242,955) 21,014,925
 Fund Balance                                                             720,649
 Local                                                                  3,167,089
 Federal                                                                5,280,802
 TOTAL REVENUES                                          (3,691,870) 87,550,088 *

                                                                                          1

* Does not include August 2019 Additional Appropriation of $468,000 for Gifted Teachers
NON-DISCRETIONARY & CRITICAL EXPENSES FOR FY21

Virginia Retirement Systems                        811,934
Health Insurance                                   686,948
Telecommunications                                  61,000
Teachers for Enrollment                            332,780
Technology Audit & Security Upgrade                 49,900
                                                 1,942,562
                                                         2
SUMMARY - 05/06/2020
                                                                  FY 21
                                             FY 20         Non-Discretionary
                                             Budget        & Critical Expenses     TOTAL
 TOTAL REVENUES                              87,550,088                           87,550,088
 TOTAL EXPENSES                             (88,055,130)      (1,942,562)        (90,465,692)
 Net Est. Revenues vs. Expenses                                                    (2,915,604)
 Carry forward enrollment based cuts to FY20 in FY21 3/5 Budget Proposal             (409,575)
 Gap (not considering sales tax losses TBD)                                       (2,506,029)
 Reappropriation of Supplemental $468,000 for Gifted                                  468,000 *
 Additional Estimated City Request                                                    875,000
 TOTAL Estimated City Request for FY21                                              1,343,000
 Remaining Gap                                                                    (1,163,029)

 CARES Stimulus Revenue Est.                                                       1,204,810
 Pending State/Sales Tax Losses (Est. ~$1m) ‐ Lottery losses also pending                         3