FISCAL YEAR 2002

                                                JEFFERSON COUNTY BOARD OF EDUCATION
                                     COMBINED BALANCE SHEET---ALL FUND TYPES AND ACCOUNT GROUPS
                                                   FOR MONTH ENDED OCTOBER, 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                       2638225.52- 14326525.82  28686874.47  61107905.96         0.00   6133966.09         0.00 107617046.82
   INVESTMENTS                      0.00    731607.52         0.00         0.00         0.00         0.00         0.00    731607.52
   RECEIVABLES                 497223.00   2217073.88         0.00    737979.34         0.00         0.00         0.00   3452276.22
   INVENTORIES                 632638.57    480045.94         0.00         0.00         0.00         0.00         0.00   1112684.51
   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   1485062.65- 17755253.16  28686874.47  61845885.30         0.00   6133966.09 397358774.03 510295690.40


LIABILITIES & FUND EQUITY:
 LIABILITIES:
   SALARIES & BENEFITS              0.00         0.00         0.00         0.00         0.00   1857215.28         0.00   1857215.28
   PAYROLL W/H & DEDUCTIONS         0.00         0.00         0.00         0.00         0.00    275835.21         0.00    275835.21
   CLAIMS PAYABLE             1883501.86    352259.24         0.00      4795.80         0.00      2692.91         0.00   2243249.81
   OTHER PAYABLE               952894.43    205332.58         0.00         0.00         0.00     11775.09         0.00   1170002.10
   OTHER LIABILITIES                0.00         0.00         0.00         0.00         0.00   2129321.47         0.00   2129321.47
   LONG-TERM LIABILITIES            0.00         0.00         0.00         0.00         0.00         0.00 172707819.45 172707819.45
                            ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------
 TOTAL LIABILITIES            2836396.29    557591.82         0.00      4795.80         0.00   4276839.96 172707819.45 180383443.32

 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       775969.58    483003.21  28547421.43  14347785.00         0.00   2129321.48         0.00  46283500.70
   UNRESERVED FUND BALANCE    5097428.52- 16714658.13    139453.04  47493304.50         0.00    272195.35-        0.00  58977791.80
                            ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------
 TOTAL FUND EQUITY            4321458.94- 17197661.34  28686874.47  61841089.50         0.00   1857126.13 224650954.58 329912247.08


TOTAL LIAB. & FUND EQUITY     1485062.65- 17755253.16  28686874.47  61845885.30         0.00   6133966.09 397358774.03 510295690.40



                                                                                                                  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 OCTOBER, 2001
                                                                                                                     EXHIBIT M-II-A

                    FUND                       **************** GENERAL  **************  ************ SPECIAL REVENUE ***********
                 DESCRIPTION                       BUDGET        ACTUAL       VARIANCE       BUDGET        ACTUAL       VARIANCE
---------------------------------------------  ------------  ------------  ------------  ------------  ------------  ------------
REVENUES:
   STATE REVENUES                              147760715.00   12304876.00  135455839.00           .00           .00           .00
   FEDERAL REVENUES                                     .00        322.00        322.00-  16177471.00    1463084.21   14714386.79
   LOCAL REVENUES                               62860784.00    2192377.48   60668406.52   21273300.00    2614110.07   18659189.93
   OTHER SOURCES                                   21700.00        300.00      21400.00           .00           .00           .00
                                               ------------  ------------  ------------  ------------  ------------  ------------
TOTAL REVENUES                                 210643199.00   14497875.48  196145323.52   37450771.00    4077194.28   33373576.72

EXPENDITURES:
   INSTRUCTIONAL SERVICES                      129024873.00   10297780.02  118727092.98   12473758.00    1185208.19   11288549.81
   INSTRUCTIONAL SUPPORT SERVICES               29003839.00    2285089.30   26718749.70    2966194.00     209730.46    2756463.54
   OPERATION & MAINTENANCE                      17448925.00     946288.13   16502636.87     453058.00      53359.68     399698.32
   AUXILIARY SERVICES                           11548693.00     851760.94   10696932.06   15574889.00     800757.79   14774131.21
   GENERAL ADMINISTRATIVE SERVICES               7377751.00     711518.42    6666232.58     768241.00      58007.79     710233.21
   CAPITAL OUTLAY                                  20000.00           .00      20000.00      25000.00         25.40      24974.60
   DEBT SERVICES                                 1783419.00           .00    1783419.00           .00           .00           .00
   OTHER EXPENDITURES                            1237593.00      77803.26    1159789.74    6645373.00     636821.66    6008551.34
                                               ------------  ------------  ------------  ------------  ------------  ------------
TOTAL EXPENDITURES                             197445093.00   15170240.07  182274852.93   38906513.00    2943910.97   35962602.03

OTHER FUND SOURCES (USES):
   OTHER FUND SOURCES                            2999472.00     284592.06    2714879.94    6325739.00     915890.70    5409848.30
   OTHER FUND USES                              14875602.00     345434.13   14530167.87    2927277.00     620511.05    2306765.95
                                               ------------  ------------  ------------  ------------  ------------  ------------
TOTAL OTHER FUND SOURCES (USES)                 11876130.00-     60842.07-  11815287.93-   3398462.00     295379.65    3103082.35

EXCESS REVENUES & OTHER SOURCES
OVER (UNDER) EXPENDITURES & OTHER
FUND USES                                        1321976.00     733206.66-   2055182.66    1942720.00    1428662.96     514057.04


BEGINNING FUND BALANCE                                         3588252.28-                              15768998.38

ENDING FUND BALANCE                                            4321458.94-                              17197661.34



                                                                                                                  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 OCTOBER, 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           .00    5388139.00
   FEDERAL REVENUES                                     .00           .00           .00           .00           .00           .00
   LOCAL REVENUES                                       .00       9783.35       9783.35-          .00           .00           .00
   OTHER SOURCES                                        .00           .00           .00           .00           .00           .00
                                               ------------  ------------  ------------  ------------  ------------  ------------
TOTAL REVENUES                                          .00       9783.35       9783.35-   5388139.00           .00    5388139.00

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           .00    1388139.00
   DEBT SERVICES                                10567171.00         44.98   10567126.02    3999569.00           .00    3999569.00
   OTHER EXPENDITURES                                   .00           .00           .00           .00           .00           .00
                                               ------------  ------------  ------------  ------------  ------------  ------------
TOTAL EXPENDITURES                              10567171.00         44.98   10567126.02    5387708.00           .00    5387708.00

OTHER FUND SOURCES (USES):
   OTHER FUND SOURCES                           10567171.00           .00   10567171.00           .00        275.00        275.00-
   OTHER FUND USES                                      .00           .00           .00           .00           .00           .00
                                               ------------  ------------  ------------  ------------  ------------  ------------
TOTAL OTHER FUND SOURCES (USES)                 10567171.00           .00   10567171.00           .00        275.00        275.00-

EXCESS REVENUES & OTHER SOURCES
OVER (UNDER) EXPENDITURES & OTHER
FUND USES                                               .00       9738.37       9738.37-       431.00        275.00        156.00


BEGINNING FUND BALANCE                                        28677136.10                               61840814.50

ENDING FUND BALANCE                                           28686874.47                               61841089.50



                                                                                                                  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 OCTOBER, 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  153148854.00   12304876.00  140843978.00
   FEDERAL REVENUES                                     .00           .00           .00   16177471.00    1463406.21   14714064.79
   LOCAL REVENUES                                1842646.00     236283.53    1606362.47   85976730.00    5052554.43   80924175.57
   OTHER SOURCES                                        .00           .00           .00      21700.00        300.00      21400.00
                                               ------------  ------------  ------------  ------------  ------------  ------------
TOTAL REVENUES                                   1842646.00     236283.53    1606362.47  255324755.00   18821136.64  236503618.36

EXPENDITURES:
   INSTRUCTIONAL SERVICES                         435190.00      37586.31     397603.69  141933821.00   11520574.52  130413246.48
   INSTRUCTIONAL SUPPORT SERVICES                 106414.00       5970.39     100443.61   32076447.00    2500790.15   29575656.85
   OPERATION & MAINTENANCE                          2132.00        250.21       1881.79   17904115.00     999898.02   16904216.98
   AUXILIARY SERVICES                                   .00           .00           .00   27123582.00    1652518.73   25471063.27
   GENERAL ADMINISTRATIVE SERVICES                      .00           .00           .00    8145992.00     769526.21    7376465.79
   CAPITAL OUTLAY                                       .00           .00           .00    1433139.00         25.40    1433113.60
   DEBT SERVICES                                        .00           .00           .00   16350159.00         44.98   16350114.02
   OTHER EXPENDITURES                             795641.00     128405.69     667235.31    8678607.00     843030.61    7835576.39
                                               ------------  ------------  ------------  ------------  ------------  ------------
TOTAL EXPENDITURES                               1339377.00     172212.60    1167164.40  253645862.00   18286408.62  235359453.38

OTHER FUND SOURCES (USES):
   OTHER FUND SOURCES                              13087.00       9742.99       3344.01   19905469.00    1210500.75   18694968.25
   OTHER FUND USES                                143446.00      19621.08     123824.92   17946325.00     985566.26   16960758.74
                                               ------------  ------------  ------------  ------------  ------------  ------------
TOTAL OTHER FUND SOURCES (USES)                   130359.00-      9878.09-    120480.91-   1959144.00     224934.49    1734209.51

EXCESS REVENUES & OTHER SOURCES
OVER (UNDER) EXPENDITURES & OTHER
FUND USES                                         372910.00      54192.84     318717.16    3638037.00     759662.51    2878374.49


BEGINNING FUND BALANCE                                         1802933.29                              104501629.99

ENDING FUND BALANCE                                            1857126.13                              105261292.50