1. Reynoldsburg City School District
FY2019 Five-Year Forecast
(October Submission)
DRAFT
October 8, 2018

2. Property Values CY2008 – CY2018 $’s in Millions
October 16, 2018

3. Property Tax Collections Real Estate & Rollback/Homestead FY2009 – FY2019
October 16, 2018

4. Property Tax/Property Tax Allocation
FY2016
FY2017
FY2018
FY2019
Estimate
Real Estate Taxes
$21,784,336
$22,122,748
$22,735,767
$22,884,533
Rollback and Hmstd
$2,954,856
$2,970,005
$2,940,918
$2,940,565
Total
$24,739,192
$25,092,753
$25,676,685
$25,825,098
In addition to property values, the following impact tax collections:
Delinquencies
Payments of back taxes
Revisions to property values/refunds
Timing of payments (tax payers paying the full amount rather than in 2 halves)
October 16, 2018
Reappraisal effective 1/1/18 (2nd half of FY18)
Triennial Update effective 1/1/21 (2nd half of FY21)

5. Income Tax
FY10-FY18 Actual, FY19-FY23 Forecasted
October 16, 2018

6. State Funding FY2019 September 2018 2019 Funding w/o Cap
2019 Funding w/o Cap
2019 Capped Funding
Diff
Base Funding
$41,203,787
$37,522,277
($3,681,510)
CTE
$151,429 $0
3rd Grade Guarantee
$68,775
Graduation
$129,689
Pre-School
$624,326
Spec Ed Transportation
$164,923
($0)
Total
$42,342,929
$38,661,419
FY2017 Adjustment
Casino Revenue
$375,000
$42,717,929
$39,036,419
October 16, 2018

7. State Funding Biennial Budget Biennial Budget Biennial Budget
October 16, 2018
Biennial Budget
Biennial Budget
Biennial Budget
Biennial Budget

8. FY16-FY18 Actual, FY19-FY23 Estimated
Other Revenues
FY16-FY18 Actual, FY19-FY23 Estimated
October 16, 2018

9. Other Revenue FY2019
Revenue from open enrollment students makes up almost 40% of this line item, generating an estimated nearly $3.7M in FY19.
October 16, 2018

10. Open Enrollment
Year
# of Students
Amount per Student
Total
$ Change
% Change
Est Millage
FY2013 Act
176
$5,704
$1,006,284
1.47
FY2014 Act
381
$5,745
$2,190,870
$1,184,586
118%
3.20
FY2015 Act
578
$5,800
$3,354,314
$1,163,444
53%
5.16
FY2016 Act
627
$5,900
$3,701,706
$347,392
10%
5.66
FY2017 Act
653
$6,000
$3,915,238
$213,532 6%
5.96
FY2018 Act
697
$6,010
$4,185,370
$270,132 7%
5.67
FY2019 Est
610
$6,020
$3,672,200
($513,170)
(12%)
4.97
October 16, 2018
Open enrollment is forecasted to remain flat from FY2019 through FY2023.

11. Revenue in Lieu of Taxes (TIF revenue)
October 16, 2018

12. Salaries and Benefits
October 16, 2018

13. Salaries and Benefits
Includes step increases for both classified and certified staff
Includes a 2.25% increase for all staff in 2019 and a 2.0% increase thereafter for all staff through 2023.
Includes estimates for performance based pay
Includes a 0% increase in insurance rates effective 1/1/2019 and a 10% increase every January thereafter
October 16, 2018

14. Salary Breakdown FY2019 Estimate
October 16, 2018
(excluding subs, supplemental pay, merit pay, etc.)

15. Purchased Services Special Ed Services & Tuition Other Staff
Maintenance
Meeting & Mileage
Fleet, Property, Liability Insurance
Legal Fees
Community School Deduction
Utilities
Bus Repairs
College Credit Plus Tuition
Technology Staff
October 16, 2018

16. Purchased Services account for almost 25% of the total expenditures.
October 16, 2018

17. Community School Deduction
FY16 – FY18 Actual, FY19 – FY23 Estimated
October 16, 2018

18. College Credit Plus Tuition
The decrease in tuition from FY18 to FY19 is due to students no longer attending Harrison College.
October 16, 2018

19. Materials & Supplies
The increase from 2018 is due to instructional software and CTE supplies.
October 16, 2018
-1.0%

20. Materials & Supplies FY2019
Materials and supplies account for just over 3% of total expenditures.
Bus fuel is estimated to cost $378,000 in FY2019.
Building budget allocations not spent in the current fiscal year are carried over to the next fiscal year.
October 16, 2018

21. Capital Outlay
The year-to-year changes in general fund capital outlay are due to fluctuations in the maintenance & transportation purchases.
The increase from FY18 to FY19 is due to the allocation of funds for capital improvements and equipment.
Note that most technology and maintenance capital outlay are purchased with non-general fund monies.
October 16, 2018

22. Capital Outlay FY2019
Capital Outlay is a relatively small part of the general fund budget as most large ticket items such a busses and bulk computer purchases are made from other funds.
October 16, 2018

23. Other Expenditures
About 75% of this expenditure category is for fees paid to the county auditors and Ohio Department of Taxation for the collection of taxes.
The balance includes bank charges, audit fees, required ESC deduction, memberships and dues, etc.
October 16, 2018

24. HVAC/LED Project Debt
In FY2018, the District embarked on a $15.5M HVAC/LED project. $2M was funded with District resources and $13.5M was financed through CapitalOne. The debt is for 15 years at an average coupon rate of 3.3%. Payments on the debt will be paid from the general fund and the cost will be partially offset by utility and maintenance savings.
October 16, 2018

25. Stewardship
Over the last several years, the District has set-aside monies in other funds for future expenditures. The current balances in the funds are as follows:
Technology Capital Outlay Fund – $5.6M balance at 7/1/18– funded through FY2021 with no additional funds or FY2024 with $500K transferred annually
Capital Projects Fund - $3.3M at 7/1/18
Bus Purchase Fund - $2.4M balance at 7/1/18 – funded through FY based on the current replacement schedule
October 16, 2018

26. Technology Capital Outlay Budget
Estimate with $500K transfer starting FY2019
Updated 4/27/2017
DESCRIPTION
Fund
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
10 Year TOTAL
Beg Bal
$6,456,758
$5,627,430
$4,446,180
$3,155,930
$2,278,005
$1,027,055
$1,061,455
$187,727
($699,048)
($1,066,048)
Interactive Projectors 70 $0
Smart Television to compare against Interactive Projectors
$510,000
$770,000
$545,000
$420,000
$3,525,000
New Initiatives "Place Holder"
$250,000
$2,500,000
Storage
$60,000
$120,000
ESXi Hosts
$40,000
$80,000
UPS Battery Replacement (ERATE)
$45,000
$42,000
$6,000
$141,000
Polycomm Replacement (Distance Learning)
$36,000
Wireless Network Infrastructure Upgrade
Palo Alto Firewall (ERATE)
$49,328
$98,656
WatchGuard Firewall (ERATE)
$90,000
Phone System Refresh
$500,000
Desktop / Laptop/ Chromebook/ Mac Replacements
$20,000
$561,250
$1,450,250
$582,925
$1,214,950
$173,600
$968,400
$716,775
$6,269,400
$829,328
$1,681,250
$1,790,250
$1,377,925
$1,750,950
$465,600
$1,373,728
$1,386,775
$867,000
$2,087,250
$13,610,056
Transfer
End Bal
($2,653,298)
October 16, 2018

27. Bus Replacement Schedule
Actual
Fiscal Year
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Beginning Balance
$1,268,189
$745,453
$3,236,469
$2,811,234
$2,352,634
$2,064,634
$1,770,634
$1,470,634
$1,266,634
$954,634
$742,634
Receipts
$227
$3,015,547 $0
Expenditures
($522,963)
($524,531)
($425,235)
($458,600)
($288,000)
($294,000)
($300,000)
($204,000)
($312,000)
($212,000)
($648,000)
Ending Balance
$94,634
October 16, 2018

28. Forecast Summary Line Description FY2019 FY2020 FY2021 FY2022 FY2023
2.080
Total Revenues and Other Financing Sources
80,634,151
80,150,922
80,160,950
80,147,254
80,034,852
5.050
Total Expenditures and Other Financing Uses
(77,126,425)
(79,356,416)
(82,939,088)
(86,364,358)
(90,144,838)
6.010
Excess of Revenues and Other Financing Sources over (under) Expenditures and Other Financing Uses
3,507,726
794,506
(2,778,138)
(6,217,104)
(10,109,986)
7.010
Cash Balance July 1
38,875,361
42,383,087
43,177,593
40,399,455
34,182,351
7.020
Cash Balance June 30
24,072,365
8.010
Estimated Encumbrances June 30
(1,100,000)
10.010
Fund Balance June 30
36,342,956
41,001,234
41,789,391
39,310,034
33,439,906
Days Cash
195
194
173
140 93
Taxes generated by 1 mill levy
739,000
Estimated Millage to cover FY2023 Defecit
13.68
Estimated Millage to generate $1M
1.35
October 16, 2018

29. Contact Tammy Miller, Treasurer at 614-501-1013 or at tmiller@reyn.org
For more information:
Contact Tammy Miller, Treasurer at or at
October 16, 2018