Reynoldsburg city school district FY2017 Five-Year Forecast

Property Values CY2008 – CY2017 $’s in Millions 5-16-2017

Property tax collections Real estate & rollback/homestead FY2008 – FY2017 5-16-2017

Property Tax/Property Tax Allocation FY2014 FY2015 FY2016 FY2017 Estimate Real Estate Taxes $21,524,901 $21,758,655 $21,784,336 $22,072,364 Rollback and Hmstd $2,960,439 $2,988,871 $2,954,856 $2,995,211 Total $24,485,340 $24,747,526 $24,739,192 $25,067,575 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 then in 2 halves) Reappraisal effective 1/1/18 (2nd half of FY18) Triennial Update effective 1/1/21 (2nd half of FY21) 5-16-2017

Income tax 5-16-2017

State funding Biennial Budget Biennial Budget 5-16-2017

State funding March 2017 2017 Funding w/o Cap 2017 Capped Funding Diff Base Funding $36,303,394 $35,368,355 ($935,039) CTE $97,328 $0 3rd Grade Guarantee $64,507 Graduation $99,202 Pre-School $498,963 Spec Ed Transportation $160,999 Total $37,224,393 $36,289,354 FY2016 Adjustment * ($205,135) $37,019,258 $36,084,219 Casino Revenue $353,000   $37,372,258 $36,437,219 $36,238,550 Oct 2016 Estimate $198,669 Difference FY2016 Adjustment *   Pre-School Funding ($12,939) Other Base Funding $24 Open Enrollment In $28,986 Community School ($34,048) Stem School Trans ($530) Scholarship Transfer ($186,941) Other Adjustments $313 Total ($205,135) ADM FY14 FY15 FY16 FY17 Total ADM 6441.21 6429.92 6522.37 6624.4 Difference -11.29 92.45 102.03 5-16-2017

State Revenue May vs. October estimate 5-16-2017

Other revenues 5-16-2017

Other revenue FY2017 5-16-2017

Open Enrollment Year # of Students Amount per Student Total $ Change Est Millage FY2013 Act 176 $5,704 $1,006,284 1.47 FY2014 Act 381 $5,745 $2,190,870 $1,184,586 118% 3.20 FY2015 Act 578 $5,800 $3,354,314 $1,163,444 53% 5.16 FY2016 Act 627 $5,900 $3,701,706 $347,392 10% 5.66 FY2017 Est 643 $6,000 $3,858,000 $156,294 4% 5.87 FY2018 Est $0 0% FY2019 Est FY2020 Est FY2021 Est 5-16-2017

Revenue in lieu of taxes (TIF revenue) 5-16-2017

Salaries and benefits 5-16-2017

Salaries and benefits Include step increases for both classified and certified staff Include a 1.9% increase for all staff through 2021, except a 3% increase for classified staff in 2018 per negotiated agreement Include estimates for merit pay based on 2017 Placeholder for 3 positions in FY2018 (HR, Innovation, Partnerships) Include a 0% increase in insurance rates effective 1/1/2018 and a 10% increase every January thereafter 5-16-2017

Salary Breakdown FY2017 (excluding subs, supplemental pay, merit pay, etc.) 5-16-2017

Purchased Services Special Ed Services & Tuition Technology Staff College Credit Plus Tuition Other Staff Maintenance Legal Fees Meeting & Mileage Fleet, Property, Liability Insurance Utilities Community School Deduction Bus Repairs 5-16-2017

Purchased services Special Ed Services & Tuition $3.0M Utilities (Inc Phone & Connectivity) $1.9M Community School Deduction $3.2M Bldgs & Grounds Maint $2.0M Safety & Security $0.6M Building Budgets $0.5M College Credit Plus Tuition All Other $4.7M Total $16.4M 5-16-2017

Community school deduction Fiscal Year Amount % Change 2014 $3,637,929 -1% 2015 $3,547,816 -2% 2016 $3,458,587 -3% 2017 EST $3,192,000 -8% 2018 EST $3,287,760 3% 2019 EST $3,386,393 2020 EST $3,487,985 2021 EST $3,592,624 5-16-2017

College credit plus tuition These are rough estimates as there is not enough historical data to provide reliable trends Part of FY2017 costs may not be paid until FY2018 due to the timing of ODE deductions 5-16-2017

Materials & supplies 5-16-2017

Materials & supplies FY2017 The increase from 2016 is primarily due to maintenance and transportation purchases. Textbooks for college credit plus also account for part of the increase. 5-16-2017

The year-to-year changes in general fund capital outlay are due to fluctuations in the maintenance and technology purchases. Note that most technology and maintenance capital outlay are purchased with non-general fund monies. Capital outlay 5-16-2017

Capital outlay FY2017 5-16-2017

Other Expenditures About 80% 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. 5-16-2017

Reynoldsburg City Schools greatly appreciates the community members for taking time to review this 5 year forecast. If you have any questions, please feel free to contact Tammy Miller, Treasurer, at (614) 501-1013 or tmiller@reyn.org. 5-16-2017