1. Reynoldsburg City School District
FY2019 Five-Year Forecast
(May Submission)
April 29, 2019

2. Property Values CY2009 – CY2019 $’s in Millions
April 29, 2019

3. Property Tax Collections Real Estate & Rollback/Homestead FY2009 – FY2019
April 29, 2019

4. Property Tax/Property Tax Allocation
FY2016
FY2017
FY2018
FY2019
Estimate
Real Estate Taxes
$21,784,336
$22,122,748
$22,735,768
$22,866,982
Rollback and Hmstd
$2,954,856
$2,970,005
$2,940,917
$2,917,609
Total
$24,739,192
$25,092,753
$25,676,685
$25,784,591
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)
April 29, 2019
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
April 29, 2019

6. State Funding FY2019 March 2019 2019 Funding w/o Cap
2019 Funding w/o Cap
2019 Capped Funding
Diff
Base Funding
$43,279,373
$37,522,276
($5,757,097)
CTE
$158,878 $0
3rd Grade Guarantee
$68,775
Graduation
$129,689
Pre-School
$722,242
Spec Ed Transportation
$224,586
Total
$44,583,543
$38,826,446
FY2018 Adjustment *
($79,132)
$44,504,411
$38,747,314
Casino Revenue
$402,295
$44,906,706
$39,149,609
April 29, 2019

7. State Funding
Does not include any potential increase from biennial budget.
April 29, 2019
Biennial Budget
Biennial Budget
Biennial Budget
Biennial Budget

8. FY16-FY18 Actual, FY19-FY23 Estimated
Other Revenues
FY16-FY18 Actual, FY19-FY23 Estimated
April 29, 2019

9. Other Revenue FY2019
Revenue from open enrollment students makes up about 36% of this line item, generating nearly $3.8M in FY19.
April 29, 2019

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
636
$6,020
$3,828,720
($356,650)
(9%)
5.17
April 29, 2019
Open enrollment is forecasted to remain flat from FY2019 through FY2023.

11. Revenue in Lieu of Taxes (TIF revenue)
April 29, 2019

12. Salaries and Benefits
April 29, 2019

13. Salaries and Benefits
Includes step increases for both classified and certified staff
FY20 includes 22 additional teaching staff
Includes a 2.0% increase for all staff from FY20 through FY23, except classified bargaining unit staff are at 1.5% for FY20 per the negotiated agreement.
Includes a 0% increase in insurance rates effective 1/1/2019 and a 10% increase every January thereafter
April 29, 2019

14. Salary Breakdown FY2019 Estimate
April 29, 2019
(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
April 29, 2019

16. Purchased Services account for almost 1/4 of the total expenditures.
April 29, 2019

17. Community School Deduction
FY16 – FY18 Actual, FY19 – FY23 Estimated
April 29, 2019

18. College Credit Plus Tuition
The decrease in tuition from FY18 to FY19 is due to students no longer attending Harrison College.
April 29, 2019

19. Materials & Supplies
The increase from 2018 is due to instructional materials/
software and CTE supplies.
April 29, 2019
-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.
April 29, 2019

21. 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.
The increase from FY19 to FY20 is due to moving expenditures to the general fund due to the exhaustion of the construction funds.
Note that most technology and maintenance capital outlay are purchased with non-general fund monies.
Capital Outlay
April 29, 2019

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.
April 29, 2019

23. Other Expenditures
About 79% 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.
April 29, 2019

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.
April 29, 2019

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
April 29, 2019

26. Technology Capital Outlay Budget
Estimate with $500K transfer starting FY2019
Updated April 2019
DESCRIPTION
Fund
2019
2020
2021
2022
2023
2024
2025
2026
2027
10 Year TOTAL 70
$6,363,085
$5,841,835
$3,411,565
$2,563,640
$1,482,690
$1,517,090
$643,362
($243,413)
($860,413)
Smart Television to compare against Interactive Projectors
($500,000)
($620,000)
($435,000) $0
($420,000)
($510,000)
($770,000)
($3,255,000)
New Initiatives "Place Holder"
($50,000)
($450,000)
($250,000)
($2,250,000)
Storage
($60,000)
($120,000)
ESXi Hosts
($40,000)
($80,000)
UPS Battery Replacement (ERATE) - FY20 New Initiative
($42,000)
($6,000)
($96,000)
Polycomm Replacement (Distance Learning)
($36,000)
Wireless Network Infrastructure Upgrade - FY20 New Initiative
Palo Alto Firewall (ERATE)
($49,328)
WatchGuard Firewall (ERATE)
($45,000)
($90,000)
Phone System Refresh
Desktop / Laptop/ Chromebook/ Mac Replacements
($371,250)
($1,815,270)
($662,925)
($1,294,950)
($173,600)
($968,400)
($716,775)
($20,000)
($561,250)
($6,584,420)
($1,021,250)
($2,930,270)
($1,347,925)
($1,580,950)
($465,600)
($1,373,728)
($1,386,775)
($1,117,000)
($2,087,250)
($13,310,748)
$500,000
($2,447,663)
April 29, 2019

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
April 29, 2019

28. Forecast Summary Line Description FY2019 FY2020 FY2021 FY2022 FY2023
2.080
Total Revenues and Other Financing Sources
81,613,767
81,404,295
81,228,718
80,917,655
80,807,927
5.050
Total Expenditures and Other Financing Uses
(76,173,735)
(81,298,314)
(84,749,778)
(88,289,848)
(92,131,934)
6.010
Excess of Revenues and Other Financing Sources over (under) Expenditures and Other Financing Uses
5,440,032
105,981
(3,521,060)
(7,372,193)
(11,324,007)
7.010
Cash Balance July 1
38,875,361
44,315,393
44,421,374
40,900,315
33,528,122
7.020
Cash Balance June 30
22,204,115
8.010
Estimated Encumbrances June 30
(1,100,000)
10.010
Fund Balance June 30
43,215,393
43,321,374
39,800,315
32,428,122
21,104,115
Days Cash
207
194
171
134 84
Taxes generated by 1 mill levy
740,000
Estimated Millage to cover FY2023 Defecit
15.30
Estimated Millage to generate $1M
1.35
April 29, 2019

29. Contact Tammy Miller, Treasurer at 614-501-1013 or at tmiller@reyn.org
For more information:
Contact Tammy Miller, Treasurer at or at
April 29, 2019