1. Uniting For Our Future September 14, 2016

2. CFCSD: The hub of our community; committed to a culture of caring! We innovate. We create. We personalize education for all! College and Career Readiness Culture of Excellence Community Engagement Facilities & Resource Leveraging Every Student…Every Day…Every Opportunity

3. Agenda School Finance 101 Where do our revenues come from? What are our expenditures? How do transfers impact our budget/plans for the future? Responses to Frequently Asked Questions Why the Bolich/Newberry site? Why not the current high school site? Other FAQs Building Our Future Together Committee (Levy Committee)

4. REVENUES

5. EXPENSES

6. TAXES

8. 3318.054 Lapse of classroom facilities project due to failure of voters to approve ballot measures. (A) If conditional approval of a city, exempted village, or local school district's project lapses as provided in section 3318.05 of the Revised Code, or if conditional approval of a joint vocational school district's project lapses as provided in division (D) of section 3318.41 of the Revised Code, because the district's electors have not approved the ballot measures necessary to generate the district's portion of the basic project cost, and if the district board desires to seek a new conditional approval of the project, the district board shall request that the Ohio school facilities commission set the scope, basic project cost, and school district portion of the basic project cost prior to resubmitting the ballot measures to the electors. To do so, the commission shall use the district's current assessed tax valuation and the district's percentile for the prior fiscal year. For a district that has entered into an agreement under section 3318.36 of the Revised Code and desires to proceed with a project under sections 3318.01 to 3318.20 of the Revised Code, the district's portion of the basic project cost shall be the percentage specified in that agreement. The project scope and basic costs established under this division shall be valid for thirteen months from the date the commission approves them.3318.053318.413318.363318.013318.20 (B) Upon the commission's approval under division (A) of this section, the district board may submit the ballot measures to the district's electors for approval of the project based on the new project scope and estimated costs. Upon electoral approval of those measures, the district shall be given first priority for project funding as such funds become available. (C) When the commission determines that funds are available for the district's project, the commission shall do all of the following: (1) Determine the school district portion of the basic project cost under section 3318.032 of the Revised Code, in the case of a city, exempted village, or local school district, or under section 3318.42 of the Revised Code, in the case of a joint vocational school district;3318.0323318.42 (2) Conditionally approve the project and submit it to the controlling board for approval pursuant to section 3318.04 of the Revised Code;3318.04 (3) Encumber funds for the project under section 3318.11 of the Revised Code;3318.11 (4) Enter into an agreement with the district board under section 3318.08 of the Revised Code.3318.08

9. 133.06 Net indebtedness of school district - certain securities not considered in calculation. (B) Except as provided in divisions (E), (F), and (I) of this section, a school district shall not incur net indebtedness that exceeds an amount equal to nine per cent of its tax valuation. (E) A school district may become a special needs district as to certain securities as provided in division (E) of this section. (F) A school district may issue securities for emergency purposes, in a principal amount that does not exceed an amount equal to three per cent of its tax valuation, as provided in this division. (I) A school district may incur net indebtedness by the issuance of securities in accordance with the provisions of this chapter in excess of the limit specified in division (B) or (C) of this section when necessary to raise the school district portion of the basic project cost and any additional funds necessary to participate in a project under Chapter 3318. of the Revised Code, including the cost of items designated by the school facilities commission as required locally funded initiatives, the cost of other locally funded initiatives in an amount that does not exceed fifty per cent of the district's portion of the basic project cost, and the cost for site acquisition. The commission shall notify the superintendent of public instruction whenever a school district will exceed either limit pursuant to this division. What is the benefit of participating in an OFCC project?

10. Our district could only issue bonds in the amount of $64,353,048 without participating in an OSFC project. That figure is derived from multiplying the current (TY 2015/CY 2016) tax valuation of $733,422,760 by 9%, to yield $66,008,048, and then subtracting the outstanding debt of $1,655,000, netting $64,353,048. This debt would have to be completely repaid before additional debt could be issued. New 9-12 High School$53,872,965 Newberry Demo$380,120 Sill Demo$1,031,336 Segment 1 with demos$55,284,421 Laybourne - LFI$2,056,050 High Bays - LFI$2,585,000 Other LFI/LEIs$3,320,625 Total High School Project$63,246,096

11. 5705.01 Tax levy law definitions. (E) "Permanent improvement" or "improvement" means any property, asset, or improvement with an estimated life or usefulness of five years or more, including land and interests therein, and reconstructions, enlargements, and extensions thereof having an estimated life or usefulness of five years or more. (CC) "Permanent improvement" or "improvement" means any property, asset, or improvement certified by the fiscal officer, which certification is conclusive, as having an estimated life or period of usefulness of five years or more, and includes, but is not limited to, real estate, buildings, and personal property and interests in real estate, buildings, and personal property, equipment, furnishings, and site improvements, and reconstruction, rehabilitation, renovation, installation, improvement, enlargement, and extension of property, assets, or improvements so certified as having an estimated life or period of usefulness of five years or more. The acquisition of all the stock ownership of a corporation is the acquisition of a permanent improvement to the extent that the value of that stock is represented by permanent improvements. A permanent improvement for parking, highway, road, and street purposes includes resurfacing, but does not include ordinary repair.

12. CUYAHOGA FALLS CITY SCHOOL DISTRICT BOND/PERMANENT IMPROVEMENT HISTORY 1966-2015 YearMonth/DayType of IssueDurationMillageYesNoPass/Fail% Yes 1966November 8Bond-Building23 Years1.858,5378,266P50.8 1975November 4Bond-Improvements23 Years1.97,8408,814F47.1 1976June 8Bond-Improvements23 Years2.116,7946,399P51.5 1980June 3Permanent Improvement5 Years26,7925,517P55.2 1985May 7P.I. Renewal5 Years22,0593,546F36.7 1986May 6Permanent Improvement5 Years2.43,2404,699F40.8 1986November 4Permanent Improvement5 Years2.516,79510,026F40.4 1996November 5Permanent Improvementcontinuing39,41010,382F47.5 1997February 4Permanent Improvement5 Years32,2523,160F41.6 1997May 6Permanent Improvement5 Years33,3074,065F44.9 1998November 3Bond20 Years18,7336,584P57.2 2013May 7Permanent Improvement5 Years31,5692,097F42.8 2015November 3Bond/PI36 Years4.98/15,7616,185F48.23

13. Why use the Bolich/Newberry site? Educational Opportunities associated with a campus environment Woodridge, etc. Improved instructional spaces with new construction (i.e. classroom size and flexibility of use) Efficient use of staff Size of the property Stow (corner of Graham and Darrow) Efficiency Swing space (use of current high school) Athletic fields Improve traffic flow Buses on campus rather than on 13 th St Transportation for 7-12 students

14. Why not the current high school site? Educational Programming Efficiency for staff and students City of Cuyahoga Falls Community Core Strategic Plan February 2008 Size of the property 9.9 acres v. 45 acres Building a 231,000 + square foot building while the current high school exists. Athletic Facilities Clifford Stadium? Tennis Courts? Traffic Flow - Parking

15. Others FAQs Segmenting Size of the Bond Issue required Three PK-3; Two 4-6; One 7-8; One 9-12 $164,032,418 before Locally Funded Initiatives Estimated over 10 mills; bond passage results in Ohio suggest a 6 mill cap Why not elementary first? CFHS oldest building/greatest need/ greatest community benefit Adult education University/Business Partnership Swing space