1. The State of the State of the School District 2018~2019

2. Falcon Pride & Tradition Ensuring Well Rounded Students
Community Support PLC Professional Learning Communities
Small class sizes Additional mental health resources
RTI Response to Intervention KIDS Hope K-5 mentoring program
Reading enrichment Extra curricular opportunities
Alternative learning environment Partnership with CMU
Vocational opportunities Highly qualified staff
Academic support during Falcon Time Dual credit courses
Flexible scheduling Buddy packs
Variety of course options Clothes Closet
Increased technology access Pre-School
PBIS Positive Behavior Interventions & Support

3. Funding Sources 2018-2019 Source % $ Local 52% $3,198,878 State 34%
$2,093,308
Federal 8%
$489,263
County 6%
$330,228
Total Revenue
$6,111,677

4. Proposed Expenditures 2018-2019
Object % $
Salaries
54%
$3,343,186
Benefits
15%
$959,782
Sub-total payroll
$4,302,968
Purchased Services
14%
$876,915
Supplies 7%
$463,739
Capital Projects 4%
$225,779
Debt 6%
$387,993
Total Expenditures
$6,257,394

5. Deficit Spending
Spending more than the revenue received which means dipping into the fund balances.
Projected Expenses
$6,257,394
Projected Revenue
$6,111,677
Deficit
$145,717

6. Why are we deficit spending?
Declining enrollment.
Increasing expenses.
Revenue shortfalls.
Underfunded mandatory programs. Required programs that are not fully funded by the state or federal government include: SPED, ECSE, Transportation, Technology, P.A.T. and tuition to other districts. The chart below shows how much the district had to spend to cover the cost of mandatory programs that were not fully funded.
State Revenue
Received
State Revenue Expected
Revenue
Shortfall
$1,753,559
$1,878,531
$124,972
2014
2015
2016
2017
2018
$868,878
$853,527
$945,891
$1,007,848
$869,646

7. % of Operating Fund Balance
Year %
Ending Balance
*11.54
*$654,936
11.36
$669,252
14.03
$845,766
18.46
$1,082,701
21.82
$1,255,237
* Projected

8. Tax Anticipatory Note (TAN)
A TAN is a short term loan a school district can obtain to pay its bills until local revenue comes in and the TAN can be paid off with interest.
Historically, when the % of fund balance drops below 15%, there is not enough cash flow to last through the year and the need for a TAN is triggered.
Year %
TANs Needed
1 or 2
11.54 2
11.35 1
14.03
18.46
21.82

9. Bonds vs Levies
A district runs a bond issue when needing to make capital improvements.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Bond History…
April $1,000,000
April $3,500,000
April $2,085, refinanced and combined & 2005 bond issues
Interest and principal payments are made twice a year for 15 – 30 years, which make it affordable for districts to complete capital projects and maintain their facilities.
A district runs a tax levy to fund operating expenses.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Levy History…
$0.32 increase Passed
$0.70 increase Failed by 26
It has been 20 years since the district placed a levy increase on the ballot.
Program requirements and operating costs have increased.

10. Cost Comparison ~ Then vs Now
1999
2018
Teacher Base Salary
$21,000
$31,500
*Price of a new bus
$43,908
$78,162
**Average price of a
Gallon of Gas
$1,280
$2.873
***Annual Cost of Electricity
$93,507
$113,191
September Cost of Electricity ‘01/’18
$6,218
$14,073
Operating Levy
$3.46
$3.50
*Average cost of buses purchased in 1998 & 1999 vs cost of buses purchased in 2015 & 2017 **From Bureau of Labor Statistics – US City average ***Records from and

11. A Levy Increase of $0.72 Would generate $393,582.
One or two TANS will still be needed in the fall of 2019 since funds will not be received until January 2020.
Cuts will still need to be made for the school year.

12. If levy does not pass, what then…
More substantial cuts will be made causing…
larger class sizes
a reduction in or elimination of programming
few to no field trips or activity trips
further reduction in positions

13. Tax Levy Campaign Committee
Chairpersons * Cindy Dudenhoffer & Brandy Asbury
Secretary * Kim Oeth
Treasurer * Emily Bange
Publicity * Sarah Jacobs, Kim Oeth
Fundraising * Kelly Elliott & Brian Spielbauer
Absentee Voters * Angie Rogers
Community Outreach * Brandy Asbury, Angie Rogers