Boe presentation 02 19-13

11
Fostoria Board of Education February 19, 2013

Transcript of Boe presentation 02 19-13

Page 1: Boe presentation 02 19-13

Fostoria Board of Education

February 19, 2013

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Governor Kasich’s funding is just a PROPOSALProposed for FY14 and FY15 only – just two yearsLong way to go before possible approval – end of June 2013.

State Senators – Hite & Gardner

ACHIEVEMENT EVERYWHERE Preliminary Estimates

District FY 2013Est. Student

Count Total FY 2014 $ Increase % Increase

 FCS $9,508,180 2085 $11,080,453 $1,572,273 16.54%

           

FCS FY 2014   Total FY 2015 $ Increase % Increase

  $11,080,453 2085 $11,562,523 $482,069 4.35%

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Based on the Fostoria Five Year Forecast

Actual ForecastedLine 2010 2011 2012 2013 2014 2015 2016 2017

1.070 Total Revenue 19,742,809 20,115,661 21,172,015 20,284,225 19,568,000 18,490,900 18,490,900 17,813,500

4.500 Total Expenditures 23,366,050 22,539,037 22,208,625 21,795,840 21,899,613 22,272,613 22,495,613 22,763,000

IF THE LEVY DOES NOT PASS10.010 Fund Balance June 30 for Certification of Appropriations

5,239,117 2,890,091 2,004,616 1,630,637 -700,976 -4,482,689 -8,487,402 -13,436,902

IF THE LEVY DOES PASS12.010 Fund Bal June 30 for Cert of Contracts, Salary Sched, Other Obligations

5,239,117 2,890,091 2,004,616 1,630,637 21,724 -1,959,989 -4,164,702 -6,636,740

15.010 Unreserved Fund Balance June 30 5,239,117 2,890,091 2,004,616 1,630,637 21,724 -1,959,989 -4,164,702 -6,636,740

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Budget reductions of $600,000 - $700,00 must be

made regardless of levy renewal outcome.

Passage of the Substitute Levy May 2013

With the levy passage, at the end of FY14 , the general

fund balance equals $21,724.

District Fiscal Responsibility Requires:

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School Funding by District

All Funds

State Funds

Federal Funds

Local Funds

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Substitute Levy – this replaces our emergency levy for the same 1.8 million dollars. This is not new money.

In June of 2008 – Governor Strickland signed Amended Substitute House Bill 562 that included new tax levy options for school districts considering emergency levies or the renewal of emergency levies. The Substitute levy is one of the options created in 2008.

A “Substitute Levy” may be submitted to its voters for up to 10 years or for a continuing period of time. This new substitute levy must be proposed at an initial specified dollar amount for the first collection year equal to the amount of the proposing district’s existing emergency levy. Thereafter, revenues from the substitute levy may experience limited annual growth based solely on new real property improvements made in the school district each year.

This new levy option permits a school district to reduce the number of tax levy elections and avoid voter fatigue by extending the levy term and/or providing for limited revenue growth from new real property improvements.

Definition of Substitute Levy:

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BASED ON 7.55 MILLS WHEN LEVY FIRST INTRODUCED:

  TOTAL MILLAGE 7.55    COST TO AVERAGE HOMEOWNER  $50,000  Annual Cost $115.61 Monthly Cost $9.63 Weekly Cost $2.22 Daily Cost $0.32

TOTAL MILLAGE 8.55    

COST TO AVERAGE HOMEOWNER  $50,000  Annual Cost $130.92 Monthly Cost $10.91 Weekly Cost $2.52 Daily Cost $0.36

BASED ON CURRENT 8.55 MILLS:

Assessed Value = Taxable ValueExample - property has true value/market value of $50,000.

The assessed value is 35% of $50,000.

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Assessed Value = Taxable ValueExample - property has true value/market value of $50,000.

The assessed value is 35% of $50,000.Fostoria CSD

Substitute Levy Renewal Millage EstimatesBALLOT MILLAGE CALCULATION COST TO HOMEOWNER

ASSUMPTIONS BY PROPERTY VALUE

  APPRAISED TAX VALUE  

  VALUE 35% ANNUAL MONTHLY WEEKLY DAILY

SUBSTITUTE LEVY MILLAGE 8.15 $30,000 $10,500 $74.88 $6.24 $1.44 $0.21

  $40,000 $14,000 $99.84 $8.32 $1.92 $0.27

  $50,000 $17,500 $124.80 $10.40 $2.40 $0.34

  $60,000 $21,000 $149.76 $12.48 $2.88 $0.41

COST TO AVERAGE HOMEOWNER $70,000 $24,500 $174.72 $14.56 $3.36 $0.48

Census Median Home Value $50,000 $80,000 $28,000 $199.68 $16.64 $3.84 $0.55

  $90,000 $31,500 $224.63 $18.72 $4.32 $0.62

Annual Cost $124.80 $100,000 $35,000 $249.59 $20.80 $4.80 $0.68

Monthly Cost $10.40 $110,000 $38,500 $274.55 $22.88 $5.28 $0.75

Weekly Cost $2.40 $120,000 $42,000 $299.51 $24.96 $5.76 $0.82

Daily Cost $0.34 $130,000 $45,500 $324.47 $27.04 $6.24 $0.89

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oDuring the day interventions:

o JSHS programs – OGT Intervention

oProject MORE – (3rd Grade Reading Guarantee)

oSTEM (Science/Technology/Engineering/Math

What do the levy funds pay for?• STAFFING• CLASSES THAT CAN BE OFFERED

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All students must test online As quickly as technology changes, we must increase the number of devices as well as operating systems

What do the levy funds pay for?• Online Testing Requirements

• Resources & Materials Textbooks - - hard copy/digital Training for student growth measures

State Mandated – Tied to professional evaluations Library materials Lab materials General everyday operating supplies New Content Standards

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To address the concern of being a continuing levy and having a voice/choice in our funding and your tax dollars. We have another emergency levy that will need to be voted upon in a couple of years. This will give us all a chance to see where we are at with the new 2 year funding proposal, healthcare costs, and how much more efficient we run our schools under new leadership. Without the levy passing, we will have to look at far more cuts due to our current financial position and the inability to predict how much money will actually come from Governor Kasich’s proposal for school funding.

Looking ahead……….