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Reynoldsburg City S chool D istrict

Reynoldsburg City S chool D istrict. FY2019 Five-Year Forecast. (May Submission). April 29, 2019. Property Values CY2009 – CY2019 $’s in Millions. Property Tax C ollections Real Estate & Rollback/Homestead FY2009 – FY2019. Property Tax/Property Tax Allocation.

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Reynoldsburg City S chool D istrict

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  1. Reynoldsburg City School District FY2019 Five-Year Forecast (May Submission) April 29, 2019

  2. Property Values CY2009 – CY2019$’s in Millions April 29, 2019

  3. Property Tax CollectionsReal Estate & Rollback/HomesteadFY2009 – FY2019 April 29, 2019

  4. Property Tax/Property Tax Allocation • In addition to property values, the following impact tax collections: • Delinquencies • Payments of back taxes • Revisions to property values/refunds • Timing of payments (tax payers paying the full amount rather than in 2 halves) April 29, 2019 • Reappraisal effective 1/1/18 (2nd half of FY18) • Triennial Update effective 1/1/21 (2nd half of FY21)

  5. Income Tax FY10-FY18 Actual, FY19-FY23 Forecasted April 29, 2019

  6. State Funding FY2019 April 29, 2019

  7. State Funding Does not include any potential increase from 2020-2021 biennial budget. April 29, 2019 Biennial Budget Biennial Budget Biennial Budget Biennial Budget

  8. Other Revenues FY16-FY18 Actual, FY19-FY23 Estimated April 29, 2019

  9. Other Revenue FY2019 Revenue from open enrollment students makes up about 36% of this line item, generating nearly $3.8M in FY19. April 29, 2019

  10. Open Enrollment April 29, 2019 Open enrollment is forecasted to remain flat from FY2019 through FY2023.

  11. Revenue in Lieu of Taxes (TIF revenue) April 29, 2019

  12. Salaries and Benefits April 29, 2019

  13. Salaries and Benefits • Includes step increases for both classified and certified staff • FY20 includes 22 additional teaching staff • Includes a 2.0% increase for all staff from FY20 through FY23, except classified bargaining unit staff are at 1.5% for FY20 per the negotiated agreement. • Includes a 0% increase in insurance rates effective 1/1/2019 and a 10% increase every January thereafter April 29, 2019

  14. Salary Breakdown FY2019 Estimate April 29, 2019 (excluding subs, supplemental pay, merit pay, etc.)

  15. Purchased Services • Special Ed Services & Tuition • Legal Fees • Utilities • Bus Repairs • Technology Staff • Other Staff • Meeting & Mileage • Community School Deduction • College Credit Plus Tuition • Maintenance • Fleet, Property, Liability Insurance April 29, 2019

  16. Purchased Services Purchased Services account for almost 1/4 of the total expenditures. April 29, 2019

  17. Community School Deduction FY16 – FY18 Actual, FY19 – FY23 Estimated April 29, 2019

  18. College Credit Plus Tuition The decrease in tuition from FY18 to FY19 is due to students no longer attending Harrison College. April 29, 2019

  19. Materials & Supplies The increase from 2018 is due to instructional materials/ software and CTE supplies. April 29, 2019 -1.0%

  20. Materials & Supplies FY2019 • Materials and supplies account for just over 3% of total expenditures. • Bus fuel is estimated to cost $378,000 in FY2019. • Building budget allocations not spent in the current fiscal year are carried over to the next fiscal year. April 29, 2019

  21. The year-to-year changes in general fund capital outlay are due to fluctuations in the maintenance & transportation purchases. • The increase from FY18 to FY19 is due to the allocation of funds for capital improvements and equipment. • The increase from FY19 to FY20 is due to moving expenditures to the general fund due to the exhaustion of the construction funds. • Note that most technology and maintenance capital outlay are purchased with non-general fund monies. Capital Outlay April 29, 2019

  22. Capital Outlay FY2019 • Capital Outlay is a relatively small part of the general fund budget as most large ticket items such a busses and bulk computer purchases are made from other funds. April 29, 2019

  23. Other Expenditures • About 79% of this expenditure category is for fees paid to the county auditors and Ohio Department of Taxation for the collection of taxes. • The balance includes bank charges, audit fees, required ESC deduction, memberships and dues, etc. April 29, 2019

  24. HVAC/LED Project Debt In FY2018, the District embarked on a $15.5M HVAC/LED project. $2M was funded with District resources and $13.5M was financed through CapitalOne. The debt is for 15 years at an average coupon rate of 3.3%. Payments on the debt will be paid from the general fund and the cost will be partially offset by utility and maintenance savings. April 29, 2019

  25. Stewardship • Over the last several years, the District has set-aside monies in other funds for future expenditures. The current balances in the funds are as follows: • Technology Capital Outlay Fund – $5.6M balance at 7/1/18– funded through FY2021 with no additional funds or FY2024 with $500K transferred annually • Capital Projects Fund - $3.3M at 7/1/18 • Bus Purchase Fund - $2.4M balance at 7/1/18 – funded through FY2025 based on the current replacement schedule April 29, 2019

  26. Technology Capital Outlay Budget Estimate with $500K transfer starting FY2019 April 29, 2019

  27. Bus Replacement Schedule April 29, 2019

  28. Forecast Summary April 29, 2019

  29. For more information: Contact Tammy Miller, Treasurer at 614-501-1013 or at tmiller@reyn.org April 29, 2019

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