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Five-Year Projections Presentation by: Mr. Paul Pestello Treasurer/CFO October 28, 2013

Five-Year Projections Presentation by: Mr. Paul Pestello Treasurer/CFO October 28, 2013. Availability of Forecast. The complete Five-year Projections document and corresponding notes referenced in tonight’s presentation will be posted on the district’s web site. www.chardon.k12.oh.us

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Five-Year Projections Presentation by: Mr. Paul Pestello Treasurer/CFO October 28, 2013

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  1. Five-Year Projections Presentation by: Mr. Paul Pestello Treasurer/CFO October 28, 2013

  2. Availability of Forecast • The complete Five-year Projections document and corresponding notes referenced in tonight’s presentation will be posted on the district’s web site. www.chardon.k12.oh.us • The Five-year Forecast is also available at the Ohio Department of Education web site http://education.ohio.gov

  3. Consequences of Levy Failure • Line 12.01 reflects an estimated negative ending cash balance of almost $1 million (almost $1.3 million with outstanding encumbrances) at the end of fiscal year 2015. • Unless this November levy is successful, reductions of about $1.5 million will need to be made before the start of next school year. • The district can be on the ballot again in February 2014, May 2014, August 2014 and November 2014. • If successful, none of those levies will bring any new money into the district until January 2015. Oct. 28, 2013 Chardon School Board Meeting

  4. Cost Reduction Considerations • Changes to school daily schedules to reduce transportation costs, or further elimination of transportation services. • Elimination of additional instructional and support personnel. • Elimination of extended-block scheduling for math and language arts at CMS. • Replacement costs for staff exiting on retirement incentive program. • Elimination/Restructuring of District-wide support personnel • Elimination of subscription-based instructional media content. • Reduction in supplies purchasing. • Possible elimination of elementary art, music and physical education programming. • Reduction of Nutrition Services program. Oct. 28, 2013 Chardon School Board Meeting

  5. Program Restoration Considerations • Advanced and elective programming at CHS to ensure college and career readiness. • Course offerings at CMS to increase instructional time. • Guidance and support services for students. • Technology support for instruction and student achievement. • Elementary programming for instructional support services, art/music/physical education, programming to support exceptional students (gifted education). • Pay-to-Participate at 2013 levels. Oct. 28, 2013 Chardon School Board Meeting

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