FISCAL YEAR 2002

                                                JEFFERSON COUNTY BOARD OF EDUCATION
                                     COMBINED BALANCE SHEET---ALL FUND TYPES AND ACCOUNT GROUPS
                                                    FOR MONTH ENDED MARCH, 2002
                                                                                                                     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                      27133852.51  16715806.35  31440343.94  56094115.20         0.00   2306464.79         0.00 133690582.79
   INVESTMENTS                      0.00    739494.25         0.00         0.00         0.00         0.00         0.00    739494.25
   RECEIVABLES                1113958.80   1084162.43         0.00    358333.47         0.00         0.00         0.00   2556454.70
   INVENTORIES                 676471.99    480045.94         0.00         0.00         0.00         0.00         0.00   1156517.93
   OTHER ASSETS                 90713.02         0.00         0.00         0.00         0.00         0.00         0.00     90713.02
   FIXED ASSETS                     0.00         0.00         0.00         0.00         0.00         0.00 225313828.94 225313828.94
   OTHER DEBITS                     0.00         0.00         0.00         0.00         0.00         0.00 172707819.45 172707819.45
                            ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------
TOTAL ASSETS & OTHER DEBITS  29014996.32  19019508.97  31440343.94  56452448.67         0.00   2306464.79 398021648.39 536255411.08


LIABILITIES & FUND EQUITY:
 LIABILITIES:
   SALARIES & BENEFITS              0.00         0.00         0.00         0.00         0.00      3360.94-        0.00      3360.94-
   PAYROLL W/H & DEDUCTIONS         0.00         0.00         0.00         0.00         0.00      2372.94         0.00      2372.94
   CLAIMS PAYABLE                5274.94      7575.41         0.00         0.00         0.00       961.86         0.00     13812.21
   OTHER PAYABLE               946210.80   1104148.07         0.00         0.00         0.00      9810.73         0.00   2060169.60
   OTHER LIABILITIES                0.00         0.00         0.00         0.00         0.00    291736.37         0.00    291736.37
   LONG-TERM LIABILITIES            0.00         0.00         0.00         0.00         0.00         0.00 172707819.45 172707819.45
                            ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------
 TOTAL LIABILITIES             951485.74   1111723.48         0.00         0.00         0.00    301520.96 172707819.45 175072549.63

 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 225313828.94 225313828.94
   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      1741623.65    663699.61  28547421.43  14347785.00         0.00    291736.37         0.00  45592266.06
   UNRESERVED FUND BALANCE   26321886.93  17244085.88   2892922.51  42104663.67         0.00   1713207.46         0.00  90276766.45
                            ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------
 TOTAL FUND EQUITY           28063510.58  17907785.49  31440343.94  56452448.67         0.00   2004943.83 225313828.94 361182861.45


TOTAL LIAB. & FUND EQUITY    29014996.32  19019508.97  31440343.94  56452448.67         0.00   2306464.79 398021648.39 536255411.08


                                                                                                                  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 MARCH, 2002
                                                                                                                     EXHIBIT M-II-A

                    FUND                       **************** GENERAL  **************  ************ SPECIAL REVENUE ***********
                 DESCRIPTION                       BUDGET        ACTUAL       VARIANCE       BUDGET        ACTUAL       VARIANCE
---------------------------------------------  ------------  ------------  ------------  ------------  ------------  ------------
REVENUES:
   STATE REVENUES                              152595599.00   78174943.63   74420655.37           .00           .00           .00
   FEDERAL REVENUES                                79250.00      29930.68      49319.32   19392628.00    8564616.39   10828011.61
   LOCAL REVENUES                               62958826.00   58055106.03    4903719.97   22612793.00   11467465.37   11145327.63
   OTHER SOURCES                                   73416.00       2150.03      71265.97           .00      87508.33      87508.33-
                                               ------------  ------------  ------------  ------------  ------------  ------------
TOTAL REVENUES                                 215707091.00  136262130.37   79444960.63   42005421.00   20119590.09   21885830.91

EXPENDITURES:
   INSTRUCTIONAL SERVICES                      130219466.00   62660008.24   67559457.76   16156594.00    6801057.63    9355536.37
   INSTRUCTIONAL SUPPORT SERVICES               29647173.00   14336801.42   15310371.58    3250538.00    1241276.73    2009261.27
   OPERATION & MAINTENANCE                      17773557.00    7803560.61    9969996.39     945864.00     321582.41     624281.59
   AUXILIARY SERVICES                           11571642.00    5391961.64    6179680.36   15276288.00    7392123.57    7884164.43
   GENERAL ADMINISTRATIVE SERVICES               7503147.00    3577582.13    3925564.87     832931.00     377392.68     455538.32
   CAPITAL OUTLAY                                  86698.00           .00      86698.00     105310.00       5455.00      99855.00
   DEBT SERVICES                                 1783419.00           .00    1783419.00           .00           .00           .00
   OTHER EXPENDITURES                            1233862.00     511412.47     722449.53    7528423.00    3336531.92    4191891.08
                                               ------------  ------------  ------------  ------------  ------------  ------------
TOTAL EXPENDITURES                             199818964.00   94281326.51  105537637.49   44095948.00   19475419.94   24620528.06

OTHER FUND SOURCES (USES):
   OTHER FUND SOURCES                            3630195.00    2077381.21    1552813.79    7581327.00    4239314.22    3342012.78
   OTHER FUND USES                              14875602.00   12469662.71    2405939.29    4190289.00    2844248.94    1346040.06
                                               ------------  ------------  ------------  ------------  ------------  ------------
TOTAL OTHER FUND SOURCES (USES)                 11245407.00-  10392281.50-    853125.50-   3391038.00    1395065.28    1995972.72

EXCESS REVENUES & OTHER SOURCES
OVER (UNDER) EXPENDITURES & OTHER
FUND USES                                        4642720.00   31588522.36   26945802.36-   1300511.00    2039235.43     738724.43-


BEGINNING FUND BALANCE                                         3525011.78-                              15868550.06

ENDING FUND BALANCE                                           28063510.58                               17907785.49


                                                                                                                  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 MARCH, 2002
                                                                                                                     EXHIBIT M-II-B

                    FUND                       ************* DEBT SERVICE *************  *********** CAPITAL PROJECTS ***********
                 DESCRIPTION                       BUDGET        ACTUAL       VARIANCE       BUDGET        ACTUAL       VARIANCE
---------------------------------------------  ------------  ------------  ------------  ------------  ------------  ------------
REVENUES:
   STATE REVENUES                                       .00           .00           .00   12009436.00    6172823.29    5836612.71
   FEDERAL REVENUES                                     .00           .00           .00           .00           .00           .00
   LOCAL REVENUES                                       .00      46777.10      46777.10-          .00           .00           .00
   OTHER SOURCES                                        .00           .00           .00           .00           .00           .00
                                               ------------  ------------  ------------  ------------  ------------  ------------
TOTAL REVENUES                                          .00      46777.10      46777.10-  12009436.00    6172823.29    5836612.71

EXPENDITURES:
   INSTRUCTIONAL SERVICES                               .00           .00           .00     301265.00       1457.66     299807.34
   INSTRUCTIONAL SUPPORT SERVICES                       .00           .00           .00       4998.00       6391.25       1393.25-
   OPERATION & MAINTENANCE                              .00           .00           .00      12505.00      12505.25           .25-
   AUXILIARY SERVICES                                   .00           .00           .00           .00           .00           .00
   GENERAL ADMINISTRATIVE SERVICES                      .00           .00           .00           .00           .00           .00
   CAPITAL OUTLAY                                       .00           .00           .00   27536801.00   10157444.97   17379356.03
   DEBT SERVICES                                10567171.00    7660017.84    2907153.16    3999569.00    1234948.30    2764620.70
   OTHER EXPENDITURES                                   .00           .00           .00           .00           .00           .00
                                               ------------  ------------  ------------  ------------  ------------  ------------
TOTAL EXPENDITURES                              10567171.00    7660017.84    2907153.16   31855138.00   11412747.43   20442390.57

OTHER FUND SOURCES (USES):
   OTHER FUND SOURCES                           10567171.00   10376450.58     190720.42           .00     480275.00     480275.00-
   OTHER FUND USES                                      .00           .00           .00     324342.00     324342.00           .00
                                               ------------  ------------  ------------  ------------  ------------  ------------
TOTAL OTHER FUND SOURCES (USES)                 10567171.00   10376450.58     190720.42     324342.00-    155933.00     480275.00-

EXCESS REVENUES & OTHER SOURCES
OVER (UNDER) EXPENDITURES & OTHER
FUND USES                                               .00    2763209.84    2763209.84-  20170044.00-   5083991.14-  15086052.86-


BEGINNING FUND BALANCE                                        28677134.10                               61536439.81

ENDING FUND BALANCE                                           31440343.94                               56452448.67


                                                                                                                  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 MARCH, 2002
                                                                                                                     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  164605035.00   84347766.92   80257268.08
   FEDERAL REVENUES                                     .00           .00           .00   19471878.00    8594547.07   10877330.93
   LOCAL REVENUES                                2119052.00    1242613.89     876438.11   87690671.00   70811962.39   16878708.61
   OTHER SOURCES                                        .00           .00           .00      73416.00      89658.36      16242.36-
                                               ------------  ------------  ------------  ------------  ------------  ------------
TOTAL REVENUES                                   2119052.00    1242613.89     876438.11  271841000.00  163843934.74  107997065.26

EXPENDITURES:
   INSTRUCTIONAL SERVICES                         557649.00     252967.06     304681.94  147234974.00   69715490.59   77519483.41
   INSTRUCTIONAL SUPPORT SERVICES                 126758.00      52128.82      74629.18   33029467.00   15636598.22   17392868.78
   OPERATION & MAINTENANCE                          5996.00        565.11       5430.89   18737922.00    8138213.38   10599708.62
   AUXILIARY SERVICES                                   .00           .00           .00   26847930.00   12784085.21   14063844.79
   GENERAL ADMINISTRATIVE SERVICES                      .00           .00           .00    8336078.00    3954974.81    4381103.19
   CAPITAL OUTLAY                                       .00           .00           .00   27728809.00   10162899.97   17565909.03
   DEBT SERVICES                                        .00           .00           .00   16350159.00    8894966.14    7455192.86
   OTHER EXPENDITURES                            1118723.00     622926.12     495796.88    9881008.00    4470870.51    5410137.49
                                               ------------  ------------  ------------  ------------  ------------  ------------
TOTAL EXPENDITURES                               1809126.00     928587.11     880538.89  288146347.00  133758098.83  154388248.17

OTHER FUND SOURCES (USES):
   OTHER FUND SOURCES                               5832.00      28813.45      22981.45-  21784525.00   17202234.46    4582290.54
   OTHER FUND USES                                206083.00      88899.91     117183.09   19596316.00   15727153.56    3869162.44
                                               ------------  ------------  ------------  ------------  ------------  ------------
TOTAL OTHER FUND SOURCES (USES)                   200251.00-     60086.46-    140164.54-   2188209.00    1475080.90     713128.10

EXCESS REVENUES & OTHER SOURCES
OVER (UNDER) EXPENDITURES & OTHER
FUND USES                                         109675.00     253940.32     144265.32-  14117138.00-  31560916.81   45678054.81-


BEGINNING FUND BALANCE                                         1751003.51                              104308115.70

ENDING FUND BALANCE                                            2004943.83                              135869032.51