FISCAL YEAR 2002

                                                JEFFERSON COUNTY BOARD OF EDUCATION
                                     COMBINED BALANCE SHEET---ALL FUND TYPES AND ACCOUNT GROUPS
                                                   FOR MONTH ENDED DECEMBER, 2001
                                                                                                                     EXHIBIT M-I-A

      FUND TYPES &          ****************** GOVERNMENTAL *******************  PROPRIETARY   FIDUCIARY     ACCOUNT
      ACCOUNT GROUPS                                                                                         GROUPS
                                           SPECIAL        DEBT       CAPITAL     ENTERPRISE/    TRUST &     F/A & LONG
         DESCRIPTION           GENERAL     REVENUE      SERVICE      PROJECTS      INTERNAL     AGENCY      TERM DEBT      TOTAL
--------------------------- ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------
ASSETS & OTHER DEBITS:
   CASH                      11763702.71  14424853.71  28701347.49  62083716.88         0.00   6342769.78         0.00 123316390.57
   INVESTMENTS                      0.00    733539.43         0.00         0.00         0.00         0.00         0.00    733539.43
   RECEIVABLES                 250835.68   1582585.54         0.00    426562.89         0.00         0.00         0.00   2259984.11
   INVENTORIES                 642583.24    480045.94         0.00         0.00         0.00         0.00         0.00   1122629.18
   OTHER ASSETS                 23301.30         0.00         0.00         0.00         0.00         0.00         0.00     23301.30
   FIXED ASSETS                     0.00         0.00         0.00         0.00         0.00         0.00 224650954.58 224650954.58
   OTHER DEBITS                     0.00         0.00         0.00         0.00         0.00         0.00 172707819.45 172707819.45
                            ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------
TOTAL ASSETS & OTHER DEBITS  12680422.93  17221024.62  28701347.49  62510279.77         0.00   6342769.78 397358774.03 524814618.62


LIABILITIES & FUND EQUITY:
 LIABILITIES:
   SALARIES & BENEFITS              0.00         0.00         0.00         0.00         0.00   1941953.93         0.00   1941953.93
   PAYROLL W/H & DEDUCTIONS         0.00         0.00         0.00         0.00         0.00    366388.81         0.00    366388.81
   CLAIMS PAYABLE                   0.00      8951.92         0.00         0.00         0.00      3472.71         0.00     12424.63
   OTHER PAYABLE               959331.62    209648.41         0.00         0.00         0.00     24679.61         0.00   1193659.64
   OTHER LIABILITIES                0.00         0.00         0.00         0.00         0.00   2177135.40         0.00   2177135.40
   LONG-TERM LIABILITIES            0.00         0.00         0.00         0.00         0.00         0.00 172707819.45 172707819.45
                            ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------
 TOTAL LIABILITIES             959331.62    218600.33         0.00         0.00         0.00   4513630.46 172707819.45 178399381.86

 FUND EQUITY:
   OPERATIONS                       0.00         0.00         0.00         0.00         0.00         0.00         0.00         0.00
   INVEST IN FIXED ASSETS           0.00         0.00         0.00         0.00         0.00         0.00 224650954.58 224650954.58
   RETAINED EARNINGS                0.00         0.00         0.00         0.00         0.00         0.00         0.00         0.00
   CONTRIBUTED CAPITAL              0.00         0.00         0.00         0.00         0.00         0.00         0.00         0.00
   RESERVED FUND BALANCE      1652918.29    661187.34  28547421.43  14347785.00         0.00   2177135.40         0.00  47386447.46
   UNRESERVED FUND BALANCE   10068173.02  16341236.95    153926.06  48162494.77         0.00    347996.08-        0.00  74377834.72
                            ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------
 TOTAL FUND EQUITY           11721091.31  17002424.29  28701347.49  62510279.77         0.00   1829139.32 224650954.58 346415236.76


TOTAL LIAB. & FUND EQUITY    12680422.93  17221024.62  28701347.49  62510279.77         0.00   6342769.78 397358774.03 524814618.62



                                                                                                                  FISCAL YEAR 2002

                                                JEFFERSON COUNTY BOARD OF EDUCATION
                             COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
                                                         BUDGET AND ACTUAL
                                              GOVERNMENTAL AND EXPENDABLE TRUST FUNDS
                                                   FOR MONTH ENDED DECEMBER, 2001
                                                                                                                     EXHIBIT M-II-A

                    FUND                       **************** GENERAL  **************  ************ SPECIAL REVENUE ***********
                 DESCRIPTION                       BUDGET        ACTUAL       VARIANCE       BUDGET        ACTUAL       VARIANCE
---------------------------------------------  ------------  ------------  ------------  ------------  ------------  ------------
REVENUES:
   STATE REVENUES                              148372152.00   36830628.00  111541524.00           .00           .00           .00
   FEDERAL REVENUES                                79250.00      14706.34      64543.66   16682982.00    3998984.24   12683997.76
   LOCAL REVENUES                               62892051.00   24917887.41   37974163.59   22607237.00    5947233.77   16660003.23
   OTHER SOURCES                                   73416.00        900.03      72515.97           .00      18003.54      18003.54-
                                               ------------  ------------  ------------  ------------  ------------  ------------
TOTAL REVENUES                                 211416869.00   61764121.78  149652747.22   39290219.00    9964221.55   29325997.45

EXPENDITURES:
   INSTRUCTIONAL SERVICES                      129711724.00   31077350.06   98634373.94   13964666.00    3127324.30   10837341.70
   INSTRUCTIONAL SUPPORT SERVICES               29462489.00    7011675.56   22450813.44    3217930.00     609769.28    2608160.72
   OPERATION & MAINTENANCE                      17722752.00    3510427.77   14212324.23     873485.00     180304.06     693180.94
   AUXILIARY SERVICES                           11549032.00    2683360.83    8865671.17   15253745.00    3624952.93   11628792.07
   GENERAL ADMINISTRATIVE SERVICES               7564784.00    2058690.77    5506093.23     781903.00     178891.99     603011.01
   CAPITAL OUTLAY                                  31582.00           .00      31582.00     105310.00        455.00     104855.00
   DEBT SERVICES                                 1783419.00           .00    1783419.00           .00           .00           .00
   OTHER EXPENDITURES                            1250233.00     240614.80    1009618.20    7150893.00    1674615.46    5476277.54
                                               ------------  ------------  ------------  ------------  ------------  ------------
TOTAL EXPENDITURES                             199076015.00   46582119.79  152493895.21   41347932.00    9396313.02   31951618.98

OTHER FUND SOURCES (USES):
   OTHER FUND SOURCES                            3466717.00    1148219.16    2318497.84    6979660.00    2324284.35    4655375.65
   OTHER FUND USES                              14875602.00    1042765.64   13832836.36    4198119.00    1680326.47    2517792.53
                                               ------------  ------------  ------------  ------------  ------------  ------------
TOTAL OTHER FUND SOURCES (USES)                 11408885.00-    105453.52   11514338.52-   2781541.00     643957.88    2137583.12

EXCESS REVENUES & OTHER SOURCES
OVER (UNDER) EXPENDITURES & OTHER
FUND USES                                         931969.00   15287455.51   14355486.51-    723828.00    1211866.41     488038.41-


BEGINNING FUND BALANCE                                         3566364.20-                              15790557.88

ENDING FUND BALANCE                                           11721091.31                               17002424.29



                                                                                                                  FISCAL YEAR 2002

                                                JEFFERSON COUNTY BOARD OF EDUCATION
                             COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
                                                         BUDGET AND ACTUAL
                                              GOVERNMENTAL AND EXPENDABLE TRUST FUNDS
                                                   FOR MONTH ENDED DECEMBER, 2001
                                                                                                                     EXHIBIT M-II-B

                    FUND                       ************* DEBT SERVICE *************  *********** CAPITAL PROJECTS ***********
                 DESCRIPTION                       BUDGET        ACTUAL       VARIANCE       BUDGET        ACTUAL       VARIANCE
---------------------------------------------  ------------  ------------  ------------  ------------  ------------  ------------
REVENUES:
   STATE REVENUES                                       .00           .00           .00    5388139.00     818013.00    4570126.00
   FEDERAL REVENUES                                     .00           .00           .00           .00           .00           .00
   LOCAL REVENUES                                       .00      24346.93      24346.93-          .00           .00           .00
   OTHER SOURCES                                        .00           .00           .00           .00           .00           .00
                                               ------------  ------------  ------------  ------------  ------------  ------------
TOTAL REVENUES                                          .00      24346.93      24346.93-   5388139.00     818013.00    4570126.00

EXPENDITURES:
   INSTRUCTIONAL SERVICES                               .00           .00           .00           .00           .00           .00
   INSTRUCTIONAL SUPPORT SERVICES                       .00           .00           .00           .00           .00           .00
   OPERATION & MAINTENANCE                              .00           .00           .00           .00           .00           .00
   AUXILIARY SERVICES                                   .00           .00           .00           .00           .00           .00
   GENERAL ADMINISTRATIVE SERVICES                      .00           .00           .00           .00           .00           .00
   CAPITAL OUTLAY                                       .00           .00           .00    1388139.00         10.00    1388129.00
   DEBT SERVICES                                10567171.00        135.54   10567035.46    3999569.00           .00    3999569.00
   OTHER EXPENDITURES                                   .00           .00           .00           .00           .00           .00
                                               ------------  ------------  ------------  ------------  ------------  ------------
TOTAL EXPENDITURES                              10567171.00        135.54   10567035.46    5387708.00         10.00    5387698.00

OTHER FUND SOURCES (USES):
   OTHER FUND SOURCES                           10567171.00           .00   10567171.00           .00     480275.00     480275.00-
   OTHER FUND USES                                      .00           .00           .00     324342.00     324342.00           .00
                                               ------------  ------------  ------------  ------------  ------------  ------------
TOTAL OTHER FUND SOURCES (USES)                 10567171.00           .00   10567171.00     324342.00-    155933.00     480275.00-

EXCESS REVENUES & OTHER SOURCES
OVER (UNDER) EXPENDITURES & OTHER
FUND USES                                               .00      24211.39      24211.39-    323911.00-    973936.00    1297847.00-


BEGINNING FUND BALANCE                                        28677136.10                               61536343.77

ENDING FUND BALANCE                                           28701347.49                               62510279.77



                                                                                                                  FISCAL YEAR 2002

                                                JEFFERSON COUNTY BOARD OF EDUCATION
                             COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
                                                         BUDGET AND ACTUAL
                                              GOVERNMENTAL AND EXPENDABLE TRUST FUNDS
                                                   FOR MONTH ENDED DECEMBER, 2001
                                                                                                                     EXHIBIT M-II-C

                    FUND                       *********** EXPENDABLE TRUST ***********  TOTAL GOVERNMENTAL & EXPEND TRUST FUNDS
                 DESCRIPTION                       BUDGET        ACTUAL       VARIANCE       BUDGET        ACTUAL       VARIANCE
---------------------------------------------  ------------  ------------  ------------  ------------  ------------  ------------
REVENUES:
   STATE REVENUES                                       .00           .00           .00  153760291.00   37648641.00  116111650.00
   FEDERAL REVENUES                                     .00           .00           .00   16762232.00    4013690.58   12748541.42
   LOCAL REVENUES                                2115494.00     626791.00    1488703.00   87614782.00   31516259.11   56098522.89
   OTHER SOURCES                                        .00           .00           .00      73416.00      18903.57      54512.43
                                               ------------  ------------  ------------  ------------  ------------  ------------
TOTAL REVENUES                                   2115494.00     626791.00    1488703.00  258210721.00   73197494.26  185013226.74

EXPENDITURES:
   INSTRUCTIONAL SERVICES                         555309.00     111617.03     443691.97  144231699.00   34316291.39  109915407.61
   INSTRUCTIONAL SUPPORT SERVICES                 126173.00      23929.51     102243.49   32806592.00    7645374.35   25161217.65
   OPERATION & MAINTENANCE                          5996.00        364.43       5631.57   18602233.00    3691096.26   14911136.74
   AUXILIARY SERVICES                                   .00           .00           .00   26802777.00    6308313.76   20494463.24
   GENERAL ADMINISTRATIVE SERVICES                      .00           .00           .00    8346687.00    2237582.76    6109104.24
   CAPITAL OUTLAY                                       .00           .00           .00    1525031.00        465.00    1524566.00
   DEBT SERVICES                                        .00           .00           .00   16350159.00        135.54   16350023.46
   OTHER EXPENDITURES                            1118138.00     381874.98     736263.02    9519264.00    2297105.24    7222158.76
                                               ------------  ------------  ------------  ------------  ------------  ------------
TOTAL EXPENDITURES                               1805616.00     517785.95    1287830.05  258184442.00   56496364.30  201688077.70

OTHER FUND SOURCES (USES):
   OTHER FUND SOURCES                               5247.00      16326.95      11079.95-  21018795.00    3969105.46   17049689.54
   OTHER FUND USES                                204913.00      51312.04     153600.96   19602976.00    3098746.15   16504229.85
                                               ------------  ------------  ------------  ------------  ------------  ------------
TOTAL OTHER FUND SOURCES (USES)                   199666.00-     34985.09-    164680.91-   1415819.00     870359.31     545459.69

EXCESS REVENUES & OTHER SOURCES
OVER (UNDER) EXPENDITURES & OTHER
FUND USES                                         110212.00      74019.96      36192.04    1442098.00   17571489.27   16129391.27-


BEGINNING FUND BALANCE                                         1755119.36                              104192792.91

ENDING FUND BALANCE                                            1829139.32                              121764282.18