1. Budget 2015-2016 Tuesday, June 9, 2015

2. 6 year budget capsule

3. Budgets - Previous 5 Years 5 year budget capsule 2014-20152013-20142012-20132011-20122010-2011 Revenue $17,621,375$17,134,860$16,752,968$16,592,792$17,638,992 Expenditures (Budget) $17,749,118$17,236,460$16,912,548$16,707,263$17,935,377 Expenditures over revenue $127,743$101,600$159,580 $114,471 $105,000 Estimated undesignated Fund Balance $1,596,177$2,773,920$1,415,947$1,505,000$1,582,141 Committed for PSERS increase $330,000$300,000 Millage increase 00 73 Total millage 70 7164 Budget Difference from previous year $512,658$323,912.00$205,285($1,228,114) % difference from previous year 2.974%1.915% Difference from 2010-11 ($186,259)($698,917)($1,022,829)($1,228,114) % Difference from 2010-11 -1.039%-3.897%-5.703%-6.847%

4. PSER & Health Insurance

5. PSERS YearRateCosts Total Increase District Increase 2010/11 $437,447-- 2011/128.65%$624,208.34$186,761.34$93,380.67 2012/1312.36%$871,733.00247,524$123,762.33 2013/1416.93%$1,190,096.39$318,363.39$159,181.65 2014/1521.4%$1,587,752.00$417,655.61$208,827.80 2015/1625.84%$1,927,990.00$340,148.00$170,000.00 Totals $755,150.00 State Projections 2016/1729.27%$2,325,166.00 2017/1830.25%$2,481,113.00 2018/1931.28%$2,648,976.00

6. Health Premiums Employer Cost Yr. Ending 6/302009201020112012201320142015 High-Mark %2.5% 6.8%8.7% 10.1% 2.5%16% 18% Dollar increase34,56693,851128,963162,86844,073289,783378,295 Total1,382,6401,476,4911,604,9161,767,7841,811,8572,101,6402,479,935

7. Revenue

8. State Revenue YearBasic EdSpecial Ed Accountability Block grant Charter/CyberTotalVs. 10/11 10/115,925,363723,333199,15572,8476,920,698 - 11/125,909,969723,33378,24506,711,547-209,151 12/135,909,969780,74478,24506,768,958-151,740 13/145,999,590776,47078,24506,854,305- 66,393 14/155,994,643723,333283,64707,001,623+80,925 15/16 7,219,327+298,629 Total -47,730

9. Mil Revenue Increase

10. Recent Taxing history 05/0606/0707/0808/0909/1010/1111/1212/1313/1414/1515/16 Act 1 Limit mils N/A2.2792.2543.2913.2762.4641.2161.7041.682.11.88 Potential Dollars N/A161,809160,034233,661232,596174,94486,336120,984119,280149,100134,013 Actual Mil Increase 26 *5.85 *3.5 *3.252.47 *00TBD Actual $ Increase 142,00426,000415,350248,500230,750170,400497,000-71,00000TBD Billed Millage Rate 434954.8558.3561.6647170 TBD

11. Tax & State Increases vs. PSERS & Health Increases