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Revenue Vs. Expenditure

Brookville Local School District General Fund Five Year Forecast July 1, 2013 Through June 30, 2017 May 20, 2013 Presented By Lori Stutz, Treasurer. Revenue Vs. Expenditure. • Still Spending more than bringing in beginning FY11 even with passage of the 3.99 mill levy.

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Revenue Vs. Expenditure

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  1. Brookville Local School DistrictGeneral Fund Five Year ForecastJuly 1, 2013 Through June 30, 2017May 20, 2013Presented By Lori Stutz, Treasurer

  2. Revenue Vs. Expenditure • Still Spending more than bringing in beginning FY11 even with passage of the 3.99 mill levy • Must continue to reduce expenditures or pass a new levy to correct deficit spending on Line 6.01 of forecast

  3. Ending Cash Balance • 60 days of expenditures target cash balance; • Ending cash balance continues to decline • beginning FY11

  4. Estimated General Fund Revenue Sources FY13 • State of Ohio share slightly higher in FY13 over FY12 • Federal Ed Jobs funds ended September 2012 • No approved State formula past FY13 - Watch HB59

  5. Local vs. State Funding • State Revenue decreases due to funding cuts in TPP and Federal ARRA (stimulus) money

  6. Challenges To Operating Revenue • Reimbursement for Tangible Personal Property Tax Accelerated Elimination in HB153 • SFSF (ARRA Funds) Cuts FY13 & Beyond • Taxable Values Expected to be Nearly Flat In Reappraisal • Result Is: Revenue Flat • Estimate State Basic Aid Remains Flat Through FY17 • Unlikely HB59 will provide new money from state • District received $31,655 in casino revenue in FY13… is not going to be a significant revenue source

  7. FY 2013 Estimated General Fund Expenditures $12,627,097 • Wages and benefits estimated 83% • This area is the largest expenditure and must be monitored

  8. General Fund Expenditures By Object FY 2010 thru FY 2017  Revenue problem NOT an Expenditure problem We have done a good job of containing cost

  9. Student Enrollment History • •Enrollment is steady to declining • As enrollment decreases we must decrease instructional staff • Open enrollment may be an option

  10. Previous reductions made have had a positive impact on our ending cash balance Expedited Phase out of TPP has had a negative impact on the district’s revenue There are Three State Biennium Budgets in Forecast The potential new state funding formula in HB59 could have a negative impact on the district’s forecast Short-term: need to continue monitoring expenditures identifying continued efficiencies/reductions Long-term: continue to operate conservatively and keep a close eye on the State Budget Through FY17. In Summary of Where We Are Right Now

  11. Thank You for Listening • Questions and Answers ! Go Blue Devils

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