1. Milford EVSD
MEVSD's Vision Statement: To inspire and prepare our students to reach their fullest potential in a diverse and dynamic world.

2. Milford EVSD
Fiscal Year-End June 30, 2017

3. Receipts for Fiscal Year 2017
General Fund Revenue
Receipts for Fiscal Year 2017
$70,586,651
Local PropTax /Rollback
$40,883,776
Other Local Income
$5,290,220
State Foundation
$22,608,161
Other State Income
$1,545,600
Investments
$258,894

4. Milford EVSD Revenue on the Rise
By 2018, revenue is estimated to rise by $100,000 due to HB49 and
Governor Kasich’s biennial budget for

5. Milford EVSD
Percent of Total Receipts

6. 2017 Other State Receipts Catastrophic aide 765,109
Casino Money ,970
Medicare Reimbursement ,680
E-Rate Reimbursement ,315
Total $1,470,074

7. 2017 Other Local Receipts Revenue In-lieu-of Taxes $2,500,000
Tuition ,036,757
Open Enrollment ,880
Rental of Facilities ,608
Athletic & Activities Fees ,826
Other ,943
Total $5,264,014

8. Total Expenditures for Fiscal Year 2017
$64,984,748
Salaries and Benefits
$46,630,027
Capital Outlay
$1,079,359
Purchased Services
$13,845,724
Supplies and Materials
$2,528,817
Other Expenditures
$900,821

9. Total Expenditures by Object
Milford EVSD
Total Expenditures by Object

10. Milford EVSD

11. Comparison FY 2015 – 2018 (thousands)
Milford EVSD
Comparison FY 2015 – (thousands)
Fiscal Year
2015
Actual
2016
2017
2018
Estimate
Beginning
Cash Balance
17,436
21,207
27,715
33,317
Receipts
66,873
68,302
70,587
71,341
Expenditures
63,102
61,794
64,985
69,131
Ending Cash
Balance
$21,207
$27,715
$33,317
$35,527

12. Milford EVSD