Galion City Schools Financial Summary General Operating Fund 3 rd Quarter FY Presented to the Board April 17, 2013

2 Revenues To Date at End of 3 rd Qtr FY Real Estate Taxes$4,207, Foundation Payments$7,336, Tangible Personal Property Tax$112, Homestead & Rollback$523, Other Revenue$582, Total Revenue$12,763,176.00

Expenditures To Date at End of 3 rd Qtr FY 3 Payrolls$5,874, Retirement & Insurance Benefits$2,530, Purchased Services$2,481, Supplies, Materials & Capital Outlay$306, Other Expenditures$451, Total Expenditures as of 3/31/13$11,642,845.00

Reconciled Cash Balance End of 3 rd Quarter – FY 4 Beginning Cash Balance 7/1/12$1,217, Add: Revenues to date$12,763, Less: Expenditures to date$11,642, Cash Balance at 3/31/13$2,337,388.00

Estimates of 4 th Quarter & FYE Cash Balance 5

Forecast Exceptions Items that have the ability to change the bottom line of FY forecast/actual Revenue E-Rate reimbursement Medicaid reimbursement Foundation adjustments Expenditure Special Education expenses (autism, etc) Detention Center Costs/placements On line coursework (not estimated this year) Gas payment – actual was more than estimated 6

General Operating Fund Forecast BEFORE AND AFTER STATE FUNDING ESTIMATE TO DATE 7 No State Funding included Fiscal Year 2013 Fiscal Year 2014 Estimated Fiscal Year 2015 Estimated Fiscal Year 2016Fiscal Year 2017 Estimated Revenues$15,491,748$14,877,024$14,668,006$14,600,236$14,576,498 Expenditures$16,163,219$16,259,260$16,626,778$17,237,457$17,620,493 Expenditures Over Revenues-$671,471-$1,382,236-$1,958,772-$2,637,221-$3,043,995 Beginning Cash Balance$1,217,060$545,589-$836,647-$2,795,419-$5,432,640 Ending Cash Balance$545,589-$836,647-$2,795,419-$5,432,640-$8,476,635 Estimated State Funding included in 2014 & on Fiscal Year 2013 Fiscal Year 2014 Estimated Fiscal Year 2015 Estimated Fiscal Year 2016Fiscal Year 2017 Estimated Revenues$15,491,748$15,986,089$15,777,071$15,709,301$15,685,563 Expenditures$16,163,219$16,259,260$16,626,778$17,237,457$17,620,493 Expenditures Over Revenues-$671,471-$273,171-$849,707-$1,528,156-$1,934,930 Beginning Cash Balance$1,217,060$545,589$272,418-$577,289-$2,105,445 Ending Cash Balance$545,589$272,418-$577,289-$2,105,445-$4,040,375

General Operating Fund Forecast 8 Estimated State Funding included in 2014 & on Fiscal Year 2013 Fiscal Year 2014 Estimated Fiscal Year 2015 Estimated Fiscal Year 2016Fiscal Year 2017 Estimated Revenues$15,491,748$15,986,089$15,777,071$15,709,301$15,685,563 Expenditures$16,163,219$16,259,260$16,626,778$17,237,457$17,620,493 Expenditures Over Revenues-$671,471-$273,171-$849,707-$1,528,156-$1,934,930 Beginning Cash Balance$1,217,060$545,589$272,418-$577,289-$2,105,445 Ending Cash Balance$545,589$272,418-$577,289-$2,105,445-$4,040,375

3 Views of General Operating Fund History and Forecast 9

Galion City School District General Operating Fund Overview FY General Fund Operating Revenues & Expenditures to date and future estimates as of end of 3 rd Quarter of the FY 10 Wrap It Up