1. Green Local Schools 5 year forecast
October – FY18

2. Revenue Originally I had a 2.4% increase in real estate collections
Summit County went through re-appraisal in this calendar year
This will happen again in & 2023
Summit County auditor certified 7.8% increase
3 year history shows Green at 3.1% increase
Includes general property tax, public utility, and rollback homestead lines
What has changed from May’s forecast?
Originally I had a 2.4% increase in real estate collections
We receive additional dollars for new construction for the levies that are not “fixed sum”
Forecast increase of $161K (less than 1% change)

3. Revenue Unrestricted – state aid 31.7% FY18 per student $6010
Our state share is $2253
Census data and historical counts
Back on transitional guarantee…for now
What has changed from May’s forecast?
There are 27 more students than last year
We are 1.77 students away from being flipped to a formula district
Forecast increase of $271,698 – a 2.15% increase

4. Revenue Restricted – state aid 0.3% Economically disadvantaged $
Career-Tech students
Catastrophic costs
What has changed from May’s forecast?
Catastrophic reimbursement is now coded here
If a student costs more than $26K – we can apply for a reimbursement
Forecast increase of $57K – reflects the estimate of past payments

5. Revenue Other – 7.1% Investments TIF/CRA payments
Medicare Reimbursement
Investments
TIF/CRA payments
What has changed from May’s forecast?
One time payment from the City of Green - $729K
Settlement for future TIF’ed parcels at 85% of revenue uncollected

6. Expenses
Salaries – 60.1%
3 unions – settled this past spring and summer
Non- represented and admin. staff receive same increases
What has changed from May’s forecast?
Less than one tenth of 1% reduction in salary estimates based on replacement of staff
Reduction of $21K in the forecast

7. Expenses Fringe Benefits – 22.5%
State Retirement systems, Medicare, and workers comp.
Medical, prescription, and dental
History of premium holidays and annual increases
What has changed from May’s forecast?
Workers’ Comp shift – one time annual increase of $125K
7 additional staff members –added to insurance plan
Total increase – $300K

8. Total Changes Revenue has increased 3% from the May forecast update
State Aid
TIF settlement from the City
Expenses have increased 0.61% from the May forecast update
Workers Comp
Additional medical insurance plans

9. Future considerations
2 biennium budgets that are unknown in this forecast
A possible (and likely) increase in premium holidays & smaller premium increases than forecasted
Salaries and Fringe Benefit costs will exceed 85% in year 5 of the forecast without the above insurance holidays ~ will be addressed
A 4.1 million dollar levy will expire at the end of 2019 and will need to be presented to the voters in order to be in a positive balance after 2020
Ohio Department of Education focuses on the first 2 years of the forecast ~ too many unknowns by year 3 for districts

10. Bottom Line
2018$11,152,233
2019$ 9,729,163
2020$ 6,750,886
2021$ 2,426,121
2022$(3,393,672)