1. Buckeye Valley October 2014 5 Year Forecast The following assumptions were used in projecting revenue and expenditures for Fiscal Year 2015 through 2019. This is the district’s best estimates at this point in time. This forecast is subject to change due to current economic factors, the rapidly changing nature of state funding and other factors such as current legislation.

2. Buckeye Valley October 2014 5 Year Forecast REVENUES Lines 1.010 - Real Estate The district collects real estate taxes from four counties: Delaware, Morrow, Marion and Union. This revenue represents 41.6% of total revenue for the district. CAUV values have grown significantly since 2011 and Buckeye Valley will see the revenue increase in the spring of 2015 Settlement distribution.

3. Buckeye Valley October 2014 5 Year Forecast REVENUES Lines 1.020 – TPP/PUPP This line item represents not only Tangible Personal Property, but Public Utility Personal Property as well. The state was reimbursing districts for the loss of this tax which is on line 1.05 of the forecast. Public Utility Personal Property has been growing slightly over the past 3 years; therefore, the district is increasing this line item by 4.5% for FY 2015 and 2% for the remaining years of the forecast.

4. Buckeye Valley October 2014 5 Year Forecast REVENUES Lines 1.030 – Income Tax The 1% income tax represents approximately 24.5% of the district’s total revenue in the General Fund. The previous four fiscal years showed an increase in income tax revenue, a very welcoming trend. The forecast estimates a 3.5% increase for fiscal year 2015 and for the rest of the years of the forecast.

5. Buckeye Valley October 2014 5 Year Forecast REVENUES Line 1.035- Unrestricted Grants-in-Aid Unrestricted grants-in-aid represent funds received through the State Foundation statement settlements from the Ohio Department of Education (ODE). The State funding for schools is based on several factors, all of which are subject to deliberations and approval of the Ohio General Assembly.

6. Buckeye Valley October 2014 5 Year Forecast REVENUES Line 1.040- Restricted Grants-in-Aid This line represents our Career Tech and Economic Disadvantaged money. For FY 2015 and beyond, the district anticipates receiving $2,314 in Career Tech funding. In regards to Economic Disadvantage funding, this amount is tied directly to the funding formula and will change with the formula. For FY 2015 and beyond,the district is anticipating an average of $31,826 annually over the next 5 years

7. Buckeye Valley October 2014 5 Year Forecast REVENUES Line 1.045 - Restricted Federal Grants-in-Aid SFSF and ED Jobs This is our SFSF money (State Fiscal Stabilization Funds) and Education Jobs fund money. This line item has been zeroed out for the rest of the years of the forecast.

8. Buckeye Valley October 2014 5 Year Forecast REVENUES Line 1.050 - Property Tax Allocations This is our rollback and homestead, and tangible personal property tax loss reimbursements from the state. Because the rollback and homestead amounts mirror the real estate amounts, the district has projected the same percentage increases in this line that were projected in the real estate line.

9. Buckeye Valley October 2014 5 Year Forecast REVENUES Line 1.060- All Other Revenues This figure includes open enrollment payments, SF14 tuition, fees, rentals, interest; pay to participate fees and all other revenue. The significant increase in FY 2014 is due to the following; reclassification of the Delaware Revenue Sharing Money; reimbursement from Medicaid from FY 2011; refund from Delaware county for real estate assessment fees. For FY 2015 and beyond, the only reoccurring revenue will be Delaware Revenue Sharing in the amount of $60,000 and Medicaid Reimbursement in the amount of $83,000.

10. Buckeye Valley October 2014 5 Year Forecast REVENUES Line 2.070 - All other financing Sources This figure includes any refund that the district received from a prior fiscal year. From FY 2013 to FY 2014 the amounts increased significantly due to the following refunds. For FY’ 15 and beyond, these amounts are not the norm and the only figures that will be projected going forward are the Overpayment to SERS, Refund from Bureau of Worker’s Compensation, and ERATE amounts.

11. Buckeye Valley October 2014 5 Year Forecast EXPENDITURES Line 3.01 - Personal Services Personal Services (Salaries) represent 51% of the total expenditures of the general fund. The district completed negotiations with the BVTA (Buckeye Valley Teachers’ Association) in July, 2013 for a three year contract. In August 2013, the district completed the reopener with the OAPSE union. In April 2014, the board adopted a new administrative compensation plan that will phase out the “pick- up” on “pick-up” on any existing administrative contracts.

12. Buckeye Valley October 2014 5 Year Forecast EXPENDITURES Line 3.02 – Employees’ Retirement/Insurance Benefits Benefits represent approximately 22% of the total expenditures in the general fund. This includes retirement, unemployment, workers compensation, Medicare, health insurance, dental insurance, vision insurance and life insurance. For FY 2014 and FY 2015, the district received a 5.0% increase in insurance premiums. Going forward, the district is projecting a 10% increase in premiums each fiscal year of the five year forecast.

13. Buckeye Valley October 2014 5 Year Forecast EXPENDITURES Line 3.03 – Purchased Services The purchased services line represents 13% of the total general fund budget and includes copier leases and charges; repairs; mileage and meeting expenses; utilities; postage; legal expenditures; community school charges; and property and fleet insurance. A significant amount of this line item is the services the district receives the ESC of Central Ohio

14. Buckeye Valley October 2014 5 Year Forecast EXPENDITURES Line 3.04 – Supplies/Material The supplies and material line represents 4.3% of the total general fund budget and examples include, but are not limited, to general supplies, instructional materials including textbooks and media materials, bus fuel and tires, and all other maintenance supplies Small increases have been estimated over the life of the forecast. The district is currently looking into cost saving measures for the subsequent years for this line item.

15. Buckeye Valley October 2014 5 Year Forecast EXPENDITURES Line 3.05 – Capital Outlay There are no Capital Outlay expenses for the district in the general fund because the 1.5 mill permanent improvement dollars pay for equipment purchases. With the elimination of the Bus Purchase money from the state, this line item is now set to 0.

16. Buckeye Valley October 2014 5 Year Forecast EXPENDITURES Line 4.30 – Other Object The other object line represents 8.8% of the total general fund budget and includes the contract for GAAP preparation, audit expenses, auditor and treasurer fees, election expenses and liability insurance.

17. Buckeye Valley October 2014 5 Year Forecast Any Questions?? Should you have any questions, I can be contacted at kmoore@mybvls.org or 740-363-7570 kmoore@mybvls.org