1. MENTOR PUBLIC SCHOOLS 2013-2014 FISCAL YEAR SUMMARY JUNE 30, 2014
JULY 8, 2014

2. MENTOR PUBLIC SCHOOLS GENERAL FUND INCOME 2013-2014 BUDGET
BUDGET
OCT. ESTIMATE
MAY UPDATE
MAY TO BUDGET
JUNE 30, 2014
JUNE TO BUDGET
JUNE TO MAY
REAL ESTATE TAXES
$ ,912,550
$ ,625,246
$ ,966,726
$ ,054,176
$ ,966,726 $
PERSONAL PROPERTY TAXES $
$ ,446
$ ,446
PERSONAL PROPERTY HOLD HARMLESS H.B.66
$ ,636,490
$ ,636,490
$ ,636,490
$ ,620,489
$ (16,001)
UTILITY DEREGULATION PAYMENT
$ ,629
$ ,629
TAX NOTE DEDUCTION (2004) $
HOMESTEAD & ROLLBACK
$ ,825,897
$ ,909,955
$ ,322,586
$ ,689
$ ,298,307
$ ,410
$ (24,279)
STATE FOUNDATION
$ ,948,472
$ ,948,472
$ ,630,006
$ (318,466)
$ ,626,771
$ (321,701)
$ (3,235)
FEDERAL STATE BUDGET STABLIZATION
FEDERAL EDUCATION JOBS
CASINO TAX REVENUE SHARING
$ ,975
$ ,564
$ ,064
$ ,089
$ ,064
OTHER STATE
$ ,000
$ ,000
$ ,458
$ ,458
$ ,674
$ (5,326)
$ (82,784)
INTEREST
$ ,000
$ ,000
$ ,662
$ (49,338)
$ ,421
$ (51,579)
$ (2,241)
STUDENT FEES
$ ,050
$ ,050
$ ,547
$ ,497
$ ,551
$ ,501 $
MEDICAID REIMBURSEMENT
$ ,336
$ ,336
$ ,379
$ ,379
$ ,043
MISCELLANEOUS
$ ,611,200
$ ,611,200
$ ,163,379
$ ,179
$ ,363,614
$ ,414
$ ,235
TRANSFERS & ADVANCES
$ ,000
$ ,000
$ ,000
$ ,000
RETURN OF 1/3 OF C.A.R.E.S. ADVANCE
$ ,737
$ ,737
$ ,737
$ ,737
RETURN OF C.A.R.E.S. SUBSIDIES
TOTAL INCOME
$ ,524,371
$ ,327,714
$ ,443,066
$ ,918,695
$ ,519,808
$ ,995,437
$ ,742

3. MENTOR PUBLIC SCHOOLS GENERAL FUND INCOME SUMMARY
INCLUDES BUDGET STABILIZATION AND ED JOBS FUND
( THROUGH )
FISCAL YEAR
REVENUE
TOTAL
PERCENT
DOLLARS
$ ,856,440
-2.15%
$ (2,153,811) *
$ ,260,080
1.43%
$ ,403,640
$ ,416,517
-2.86%
$ (2,843,563) **
$ ,172,051
-2.33%
$ (2,244,466)
***
$ ,519,808
$ ,347,757
$ ,891,956
-4.84%
$ (4,627,852)
$ ,090,476
-3.08%
$ (2,801,480)
$ ,043,370
-2.32%
$ (2,047,106)
$ ,096,572
-2.26%
$ (1,946,798)
* $1,505,298 of delinquent taxes collected
**Includes $1,131,700 one time money from Lincoln Electric
and Great Lakes Mall tax settlements
*** $2,297,463 of delinquent taxes collected

4. MENTOR PUBLIC SCHOOLS GENERAL FUND EXPENSES 2013-2014 BUDGET
OCT. ESTIMATE
MAY UPDATE
MAY TO BUDGET
JUNE 30, 2014
ENCUMBERED
EXP + ENC
JUNE TO BUDGET
JUNE TO MAY
SALARIES & WAGES
REGULAR
$ 54,502,787
$ ,715,449
$ ,070,329
$ (1,432,458)
$ ,981,505
$ ,981,505
$ (1,521,282)
$ (88,824)
SUPPLEMENTAL
$ ,386,654
$ ,386,654
$ ,386,654 $
$ ,358,322
$ ,358,322
$ (28,332)
$ (28,332)
SUBSTITUTE
$ ,802,000
$ ,802,000
$ ,449,744
$ (352,256)
$ ,459,453
$ ,459,453
$ (342,547)
$ ,709
OVERTIME
$ ,000
$ ,000
$ ,736
$ (27,264)
$ ,197
$ ,197
$ (26,803) $
TUTORS
$ ,256
$ ,096
$ ,876
$ ,620
$ ,386
$ ,386
$ ,130
$ (8,490)
OTHER
$ ,000
$ ,000
$ ,500
$ (7,500)
$ ,787
$ ,787
$ (11,213)
$ (3,713)
$ 58,314,697
$ ,538,199
$ ,504,839
$ (1,809,858)
$ ,385,650 $
$ ,385,650
$ (1,929,047)
$ (119,189)
BENEFITS
RETIREMENT
$ ,173,103
$ ,353,252
$ ,816,026
$ (357,077)
$ ,732,478
$ ,732,478
$ (440,625)
$ (83,548)
INSURANCES AND UNEMPLOYMENT
$ 14,699,727
$ ,631,335
$ ,374,547
$ (325,180)
$ ,388,759
$ ,600
$ ,431,359
$ (268,368)
$ ,212
SEVERANCE & INCENTIVE
$ ,263
$ ,263
$ ,073
$ (89,190)
$ ,204
$ ,204
$ (152,059)
$ (62,869)
$ 24,703,093
$ ,814,850
$ ,931,646
$ (771,447)
$ ,799,441
$ ,842,041
$ (861,052)
$ (132,205)
PURCHASE SERVICES
$ ,097,286
$ ,097,286
$ ,023,042
$ (74,244)
$ ,653,634
$ ,314
$ ,129,948
$ ,662
$ (369,408)
LEGAL SERVICES
$ ,074
$ (28,926)
$ ,355
$ ,374
$ ,729
$ ,729
$ (27,719)
TRAVEL & MILEAGE
$ ,137
$ ,137
$ ,409
$ ,272
$ ,176
$ ,124
$ ,300
$ ,163
$ (64,233)
REPAIRS
$ ,043,630
$ ,043,630
$ ,043,630
$ ,722
$ ,216
$ ,291,938
$ ,308
$ (123,908)
RENTALS & LEASES
$ ,440
$ ,440
$ ,025
$ (11,415)
$ ,532
$ ,726
$ ,258
$ (9,182)
$ (8,493)
SPECIAL EDUCATION TRANS.
$ ,060
$ ,060
$ ,660
$ (52,400)
$ ,077
$ ,444
$ ,521
$ (106,539)
$ (146,583)
UTILITIES
$ ,736,659
$ ,736,659
$ ,717,546
$ (19,113)
$ ,619,144
$ ,355
$ ,632,499
$ (104,160)
$ (98,402)
TUITION
$ ,188,602
$ ,188,602
$ ,239,556
$ ,954
$ ,688,213
$ ,111,064
$ ,799,277
$ ,675
$ (551,343)
$ 11,084,814
$ ,084,814
$ ,989,942
$ (94,872)
$ ,599,853
$ ,206,617
$ ,806,470
$ ,656
$ (1,390,089)
EDUCATIONAL SUPPLIES
$ ,310
$ ,310
$ ,436
$ (2,874)
$ ,882
$ ,745
$ ,627
$ ,317
$ (48,554)
TEXTBOOKS
$ ,690,708
$ ,690,708
$ ,706,494
$ ,786
$ ,374,347
$ ,116
$ ,705,463
$ ,755
$ (332,147)
LIBRARY BOOKS & SUPPLIES
$ ,322
$ ,322
$ ,521
$ (15,801)
$ ,917
$ ,106
$ ,023
$ (15,299)
$ (10,604)
OFFICE SUPPLIES
$ ,776
$ ,776
$ ,133
$ (11,643)
$ ,409
$ ,328
$ ,737
$ (13,039)
$ (8,724)
MAINTENANCE SUPPLIES
$ ,518
$ ,518
$ ,808
$ ,290
$ ,382
$ ,637
$ ,019
$ ,501
$ (139,426)
VEHICLE SUPPLIES
$ ,031,214
$ ,031,214
$ ,174,318
$ ,104
$ ,113
$ ,539
$ ,174,652
$ ,438
$ (335,205)
$ ,162,848
$ ,162,848
$ ,524,710
$ ,862
$ ,650,050
$ ,471
$ ,537,521
$ ,673
$ (874,660)
EQUIPMENT
$ ,051,626
$ ,051,626
$ ,625,542
$ ,573,916
$ ,214,839
$ ,088
$ ,822,927
$ ,771,301
$ (410,703)
SCHOOL BUSES
$ ,724
$ ,724
$ ,091
$ (57,633)
$ ,091
$ ,605
$ ,696
$ (56,028) $
OTHER VEHICLES
$ ,847
$ ,847
$ ,484
$ (14,363)
$ ,483
$ ,500
$ ,983
$ (1,864) $
$ ,483,197
$ ,483,197
$ ,985,117
$ ,501,920
$ ,574,413
$ ,193
$ ,196,606
$ ,713,409
$ (410,702)
INSURANCE
$ ,450
$ ,450
$ ,783
$ (667)
$ ,299
$ ,485
$ ,784
$ (666)
$ (7,484)
AUDITOR & TREASURER FEES
$ ,500
$ ,500
$ ,001,408
$ ,908
$ ,031,007
$ ,031,007
$ ,507
$ ,599
OTHER EXPENSES
$ ,702
$ ,702
$ ,354
$ (228,348)
$ ,999
$ ,274
$ ,273
$ (205,429)
$ (26,355)
TECHNICAL AND CONTINGENCY
$ ,000
$ ,000
$ (150,000) $ $
$ (150,000)
$ ,917,652
$ ,917,652
$ ,607,545
$ (310,107)
$ ,603,305
$ ,759
$ ,660,064
$ (257,588)
$ (4,240)
TRANSFERS & ADVANCES
$ ,500
$ ,500
$ ,514
$ (130,986)
$ ,266
$ ,414
$ ,680
$ ,180
$ (131,248)
TRANSFER FOR SELF INSURANCE FUND $ $
TRANSFER TO DEBT FUND FOR 1/10TH OF 1%
$ ,188
$ ,188
$ ,625
$ ,437
$ ,188
$ (2,437)
TRANSFER TO DEBT FUND FOR H.B. 264
$ ,247
$ ,247
$ ,247
$ ,247
TOTAL
$ 102,394,236
$ ,750,495
$ ,143,185
$ (1,251,051)
$ ,078,413
$ ,202,054
$ ,280,467
$ (113,769)
$ (3,064,770)
C.A.R.E.S. ADVANCE
$ ,942
$ ,942
$ ,942
$ ,967
$ ,967
$ ,025
$ ,025
$ 102,499,178
$ ,855,437
$ ,248,127
$ ,524,380
$ ,726,434
$ ,256
$ (2,723,745)
$ ,974,798

5. MENTOR PUBLIC SCHOOLS GENERAL FUND EXPENSE SUMMARY
INCLUDES BUDGET STABILIZATION AND ED JOBS FUND
( THROUGH )
FISCAL YEAR
EXPENSE
TOTAL
PERCENT
DOLLARS
$ ,914,471
-0.05%
$ (51,709)
$ ,965,467
1.11%
$ ,050,996
$ ,150,016
0.19%
$ ,549
$ ,235,920
0.09%
$ ,904
$ ,524,380
2.38%
$ ,288,460 *
$ ,407,247
5.97%
$ ,882,867
$ ,330,373
3.76%
$ ,923,126
$ ,835,102
2.31%
$ ,504,729
$ ,931,978
4.60%
$ ,096,876
* Projected year over year budget increase is 2.51%

6. MENTOR PUBLIC SCHOOLS BUDGET PERFORMANCE SUMMARY
& INCLUDES FEDERAL STIMULUS FUNDS
& INCLUDES ED JOBS FUNDS
FISCAL
REVENUE
PERCENT
EXPENSE
YEAR
DOLLARS
ACCURACY
OVER BUDGET
UNDER BUDGET
0.00%
$ (5,120)
100.0%
-1.80%
$ (1,626,995)
98.20%
1.70%
$1,445,397
98.3%
-4.10%
$ (5,788,970)
95.9%
5.60%
$5,045,997
94.4%
-3.40%
$ (2,989,738)
96.6%
6.80%
$6,462,291
93.2%
-4.40%
$ (3,823,461)
95.6%
4.30%
$4,137,990
95.7%
-2.70%
$ (2,570,025)
97.3%
3.50%
$3,386,582
96.5%
-4.70%
$ (4,848,338)
95.3%
2.34%
$2,233,133
97.7%
$ (3,344,462)
2.49%
$2,414,244
97.5%
$ (4,848,906)
4.28%
$3,955,660
-4.48%
$ (4,504,520)
95.5%
4.89%
$4,601,126
94.9%
-3.47%
$ (5,798,156)
94.3%
5.50%
$4,995,437
94.5%
-3.88%
$ (3,974,798)
96.2%
AVERAGE
96.1%

7. MENTOR EXEMPTED VILLAGE SCHOOL DISTRICT BOARD OF EDUCATION
GENERAL FUND SUMMARY
(INCLUDING BUDGET STABILIZATION AND ED JOBS FUNDING*)
ACTUAL*
ACTUAL
PROJECTION
BEGINNING BALANCE
$ ,956,668
$ ,251,281
$ ,517,782
$ ,453,912
$ ,247,287
$ ,731,996
$ ,492,099
(10,299,633)
INCOME
$ ,260,080
$ ,416,517
$ ,172,050
$ ,519,808
$ ,891,956
$ ,090,476
$ ,043,370
84,096,572
TAX NOTE DEDUCTION
EXPENSES
$ ,635,796
$ ,573,496
$ ,809,759
$ ,786,978
$ ,809,980
$ ,123,673
$ ,632,302
115,731,128
TRANSFER FOR H.B. 264 & 1/10 0F 1%
$ ,460
$ ,520
$ ,161
$ ,435
$ ,267
$ ,700
$ ,800
200,850
TRANSFER TO C.A.R.E.S.
$ ,019,211
$ ,000
140,000
$ ,967 $ $
ENDING BALANCE
$ ,449,340
$ ,731,996
$ (10,299,633)
$ (42,135,039)
RESERVE FOR ENCUMBRANCES
$ ,202,053
$ ,247,287
JUNE 30, 2014

8. SUMMARY OF LOST REVENUE TO TAX POLICY AND FUNDING POLICY CHANGES
MENTOR PUBLIC SCHOOLS
SUMMARY OF LOST REVENUE TO TAX POLICY AND FUNDING POLICY CHANGES
STATE FOUNDATION
$ 236,244
$ ,533
$ ,919
$ ,709
$ ,647
$ ,836
$ ,743,568
$ ,740,297
$ ,589,377
BASE YEAR ($17,216,148)
SCHOOL BUS SUBSIDY
$ 223,553
$ ,479
$ ,688
$ ,417
$ ,059
$ ,059
BASE YEAR ($244,059)
STATE T.P.P. HOLD HARMLESS $ $
$ ,129
$ ,793
$ ,231,484
$ ,032,369
$ ,372,043
$ ,284,376
$ ,300,377
BASE YEAR 2006 ($12,920,866)
$10,000 P.P. EXEMPTION
$ 99,286
$ ,160
$ ,935
$ ,883
$ ,722
$ ,722
BASE YEAR ($483,722)
UTILITY DEREG. (Hold Harmless)
$ 56,952
$ ,316
$ ,261
$ ,385
$ ,301
$ ,945
BASE YEAR 2004 (735,945)
ANNUAL LOST REVENUE
$ 616,035
$ ,488
$ ,932
$ ,180,187
$ ,323,213
$ ,262,287
$ ,579,337
$ ,488,399
$ ,353,480
ACCUMULATED LOST REVENUE
$ 1,350,523
$2,159,455
$3,339,642
$ 6,662,855
$ 9,925,142
$17,504,479
$26,992,878
$36,346,358
PERCENT OF TOTAL ANNUAL
0.7%
0.8%
1.2%
3.4%
3.3%
7.9%
10.1%
9.8%
GENERAL FUND REVENUE LOSS