Milford EVSD MEVSD's Vision Statement: To inspire and prepare our students to reach their fullest potential in a diverse and dynamic world.

Milford EVSD Fiscal Year-End June 30, 2017

Receipts for Fiscal Year 2017 General Fund Revenue Receipts for Fiscal Year 2017 $70,586,651 Local PropTax /Rollback $40,883,776 Other Local Income $5,290,220 State Foundation $22,608,161 Other State Income $1,545,600 Investments $258,894

Milford EVSD Revenue on the Rise By 2018, revenue is estimated to rise by $100,000 due to HB49 and Governor Kasich’s biennial budget for 2018-19

Milford EVSD Percent of Total Receipts

2017 Other State Receipts Catastrophic aide 765,109 Casino Money 331,970 Medicare Reimbursement 207,680 E-Rate Reimbursement 165,315 Total $1,470,074

2017 Other Local Receipts Revenue In-lieu-of Taxes $2,500,000 Tuition 1,036,757 Open Enrollment 992,880 Rental of Facilities 193,608 Athletic & Activities Fees 81,826 Other 458,943 Total $5,264,014

Total Expenditures for Fiscal Year 2017 $64,984,748 Salaries and Benefits $46,630,027 Capital Outlay $1,079,359 Purchased Services $13,845,724 Supplies and Materials $2,528,817 Other Expenditures $900,821

Total Expenditures by Object Milford EVSD Total Expenditures by Object

Milford EVSD

Comparison FY 2015 – 2018 (thousands) Milford EVSD Comparison FY 2015 – 2018 (thousands) Fiscal Year 2015 Actual 2016 2017 2018 Estimate Beginning Cash Balance 17,436 21,207 27,715 33,317 Receipts 66,873 68,302 70,587 71,341 Expenditures 63,102 61,794 64,985 69,131 Ending Cash Balance $21,207 $27,715 $33,317 $35,527

Milford EVSD