Los Gatos Education Foundation Statement of Financial Position As of February 29, 2012

ASSETS Current Assets Cash in Bank Undeposited Funds (Greater Giving) Pledges Receivable Reserve for Uncollectible Pledges Prepaid Expenses Total Current Assets Net Fixed Assets TOTAL ASSETS LIABILITIES AND NET ASSETS Liabilities Accounts Payable Grants Payable Total Liabilities Net Assets at June 30, 2011 Net Income TOTAL LIABILITIES AND NET ASSETS

$ 1,064,036 71,967 111,362 (2,480) 1,052 1,245,937 1,775 $ 1,247,712

519 430,000 430,519 173,703 643,490

$ 1,247,712

Los Gatos Education Foundation Statement of Revenue and Expenses July 1, 2011 - February 29, 2012
Revenue Charitable Donations Dividend & Interest Income Other Income - Event FY 2011 Total Revenue Expenses Fundraising Expenses Advertising & Displays Facilities & Food Permits Postage Printing -Net Buzz Book Expense Printing -Other Computer/Internet/Database Costs Creative Design-Print Media Supplies Credit Card & Online Pmt Fees Total Fundraising Expenses Operating Expenses Payroll Costs Tax Preparation Taxes and Licenses Insurance Memberships Office Expenses Training Depreciation Bank Charges & Miscellaneous Total Operating Total Expenses Net Revenue From Operations & Fundraising Other Revenue/(Expenses) Gain/(Loss) on Sale of Stock Grants to LGUSD* Other Grants-Art Docents* Total Other Revenue/(Expenses) Net Revenue $ 836,787 30 70 836,887

1,329 530 4,733 1,450 1,240 2,050 332 8,372 20,036

$ $ $

20,107 700 75 470 435 376 1,275 10 23,448 43,484 793,403

87 (150,000) $ (149,913) $ 643,490

*These expenses are are for grants approved to be paid in the following school year (and LGEF fiscal year). The grants are recorded as payables when they are approved by the Board. Therefore, the grant expense is shown in the same year as the donations received those grants.