Presented to the Board February 20, Galion City Schools FY13-14 Monthly Report FY13 / FY14 compare

July 2013 Revenue Crawford County Property Taxes$1,700,779 Foundation$ 807,396 Other Operating Income$ 55,439 Misc. Income (BWC Rebate) $ 59,888 Total Revenue July 2013$2,623,502 2

3 July 2013 Expenditures Payroll$ 577,416 Retirement & Benefits$ 251,697 Purchased Services$ 239,883 Supplies$ 11,034 Misc. Other$ 9,662 Total Expenditures$1,089,692

July 2013 Summary Revenue$2,623,502 Expenditures$1,089,692 Revenue over Expenditures $1,533,810 Beginning Cash Balance$1,364,408 Ending Cash Balance 7/13$2,898,218 4

Expenditures FY13 = $1,507,809 FY14 = $1,089,692 FY13 Average Monthly Expenditures $1,318,344 Revenue FY13 = $2,655,209 FY14 = $2,623,502 FY13 Average Monthly Revenue $1,330,623

6 Fiscal Year 2009 Actual Fiscal Year 2010 Actual Fiscal Year 2011 Actual Fiscal Year 2012 Actual Fiscal Year 2013 Actual Revenues $16,650,117$16,811,695$17,001,324$16,220,341$15,967,471 Expenditures $16,810,836$16,810,893$17,150,287$16,692,894$15,820,123 Expenditures Over Revenues ($160,719)$802($148,963)($472,553)147,348 Beginning Cash Balance $1,998,491$1,837,772$1,838,574$1,689,613$1,217,060 Ending Cash Balance $1,837,772$1,838,574$1,689,611$1,217,060$1,364,408 General Operating Results

1 st Half Revenues FY Total Revenues  Total Actual$7,597,657  Estimated$7,745,875  Difference -$148,218 = less than 2% of 1 st half revenues 7

8 General Operating Revenues 1 st Half FY

1 st Half Expenditures FY Personnel Services  $4,067,590 Actual  $4,062,078 Estimated  -$5,512 Difference 9

1 st Half Expenditures FY Retirement & Benefits  $1,774,593 Actual  $1,611,151 Estimated  -$163,443 Difference 10

1 st Half Expenditures FY Purchased Services  $1,557,159 Actual  $1,791,515 Estimated  $234,356 Difference 11

1 st Half Expenditures FY Materials, Supplies & Capital Outlay  $198,983 Actual  $235,967 Estimated  $36,984 Difference 12

1 st Half Expenditures FY Other Expenditures  $415,694 Actual  $380,899 Estimated  -$34,795 Difference 13

1 st Half Expenditures FY Total Expenditures  $8,014,019 Actual  $8,081,609 Estimated  $67,590 Difference 14

General Operating Fund Forecast BEFORE AND AFTER STATE FUNDING ESTIMATE TO DATE 15 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 BEFORE AND AFTER STATE FUNDING ESTIMATE TO DATE 16 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 Estimated State Funding included in 2014 & on & 8 Mill Operating Levy Fiscal Year 2013 Fiscal Year 2014 Estimated Fiscal Year 2015 Estimated Fiscal Year 2016Fiscal Year 2017 Estimated Revenues$15,491,748$16,622,684$17,046,997$16,976,627$16,955,815 Expenditures$16,163,219$16,259,260$16,626,778$17,237,457$17,620,493 Expenditures Over Revenues-$671,471$363,424$420, ,830-$664,678 Beginning Cash Balance$1,217,060$545,589$909,013$1,329,232$1,068,402 Ending Cash Balance$545,589$909,013$1,329,232$1,068,402$403,724

Proposed State Funding Formula Core Opportunity Aid 17 Equal Yield Formula $92,664 Valuation per pupil State Share Local Share Statewide Equalization Valuation$ 250,000 Galion Valuation Per Pupil$ -83,367$ 83,367 Per Pupil Valuation to be equalized$ 166,633$ 83,367 Tax Mill Rate (2.0%).02 Revenue Per Pupil$ 3,332$ 1,667 Funded Enrollment (ADM) 1960 District Base Revenue$6,530,720$3,267,320

“Achievement Everywhere” Preliminary Estimates Core Opportunity Aid$ 6,530,720 Targeted Resources$ 1,288,457 Students With Disabilities$ 1,391,759 English Language Learners$ 1,801 Economically Disadvantaged Students$ 597,421 Early Childhood Access$ 152,439 Gifted and Talented$ 98,018 Total$10,060,615 18

Galion City School District General Operating Fund Overview 1 st Half FY Operating Revenues & Expenditures – past-current-future Effects of Proposed State Funding & Levy Generated Dollars A Brief Look at State Funding – 19 Wrap It Up