FINANCIAL REPORT TO THE BOARD AND COMMUNITY District Mission - - PowerPoint PPT Presentation

LICKING HEIGHTS FINANCIAL REPORT TO THE BOARD AND COMMUNITY

District Mission…

the District, in partnership with

students, family and community, ensures that all students acquire skills, knowledge and expertise to succeed as effective citizens and workers in the 21st century.

ALLOCATING RESOURCES TO SUPPORT EDUCATION

 Who we serve…our student population

1995 2193 2484 2693 2692 2892 3072 3240 3419 3508 3758 3932 4033 4147 4220 4275 4312 4322 4299 4304 SOURCE: DeJong Healy Rpt. 500 1000 1500 2000 2500 3000 3500 4000 4500 5000 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-19 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23

LICKING HEIGHTS ENROLLMENT AND

Where the money comes from…

 Local Residential, Commercial, Industrial and Public Utility

Tax Revenue

 State Aid (Foundation & Casino) - Unrestricted  State Aid – Restricted (designated spending)  State “pick up” Homestead and Rollback Property Tax relief  Other Local Revenue

 Tax Incentives – New Albany & Reynoldsburg  Shared Resources – Reynoldsburg  Reimbursements -Technology, Medicaid, small Grants  Local - Student Fees and Rentals  Borrowing

• 2,000,000

4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 14,000,000 16,000,000 18,000,000 2008 2009 2010 2011 2012 2013 2014

Revenue by Source FY08 TO FY14 (current year)

1.010 - General Property Tax (Real Estate) 1.020 - Public Utility Personal Property 1.035 - Unrestricted Grants-in- Aid 1.040 - Restricted Grants-in-Aid 1.045 - Restricted Federal Grants-in-Aid - SFSF 1.050 - Property Tax Allocation 1.060 - All Other Operating Revenues

OPERATIONAL REVENUE

50% 1% 26% 1% 7% 15%

1.010 - General Property Tax (Real Estate) 1.020 - Public Utility Personal Property 1.035 - Unrestricted Grants-in-Aid 1.040 - Restricted Grants-in-Aid 1.050 - Property Tax Allocation 1.060 - All Other Operating Revenues

WHO PAYS PROPERTY TAXES?

Agricultural 2.70% Residential 77.81% Commercial 9.49% Industrial 7.87% Utility Real 0.06% Utility Personal 2.00%

• Pers. Tangible

0.08%

LARGEST REAL ESTATE TAXPAYERS

 Distribution Land Corp.  Villages at Waggoner Park  TS Tech USA Corp  Lowes Home Centers  AT &T  Apartments at Jefferson  Meijer Stores  DN Reynoldsburg LLC  Rockford Homes Inc.

COMMUNITY SUPPORT

 OPERATING LEVIES 42.96 MILLS

 LOCAL

4.8 INSIDE MILLAGE NON VOTED

 1976

11.35 ORIGINALLY VOTED AT 17 MILLS

 1980

5.49 ORIGINALLY VOTED AT 7.9 MILLS

 2011

12.47 EMERGENCY LEVY 10 YEARS

 2013

8.85 EMERGENCY LEVY 10 YEARS

 BOND LEVIES (BUILDINGS) 7.3 MILLS

 2000

1.06 25 MILLION

 2003

6.24 40 MILLION

 PERMANENT IMPROVEMENT 1.99 MILLS

 2009

1.99

DELIVERING EDUCATIONAL SERVICES AND SUPPORT…

Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2008 2009 2010 2011 2012 2013 2014 BOARD OF EDUCATION 5 5 5 5 5 5 5 SUPERINTENDENT OF SCHOOLS 1 1 1 1 1 1 1 TREASURER 1 1 1 1 1 1 1 PRINCIPALS 5 5 5 5 5 5 5 ASSISTANT PRINCIPALS 3 4 4 4 5 4 4 SUPERVISING & COORDINATING SERVICES 4 4 5 6 5 4 4 COUNSELORS & LIBRARY 6 7 7 7 8 9 10 REMEDIAL SPECIALISTS 12 11 10 11 11 9 13 CLASSROOM TEACHERS 144 196 212 209 215 206 208 SPECIAL EDUCATION TEARCHERS 19 10 13 12 14 11 10 TUTORS AND OTHER INSTRUCTIONAL STAFF 4 4 9 9 9 8 9 PSYCHOLOGIST,PARA PROFESSIONALS & NURSE 3 2 2 3 3 2 2 OTHER TECHNICAL 3 3 3 3 3 2 2 TEACHING & LIBRARY AIDES 10 11 10 10 8 8 10 OFFICE/CLERICAL 27 27 27 27 27 27 28 MAINTENANCE 3 3 3 3 2 2 2 MECHANIC 3 3 3 4 3 3 3 DISPATCHER 1 1 1 1 1 1 BUS DRIVERS 30 34 36 37 34 38 38 BUS MONITORS 10 10 12 10 10 10 9 CUSTODIAN 27 25 25 25 25 26 25 GROUNDS 3 3 3 4 3 3 FOOD SERVICE 29 29 29 30 30 34 32

TOTAL STAFF 349 399 426 426 429 420 426

HOW THE FUNDS GET SPENT…

48% 19% 20% 4% 0.30% 3% 0.28% 0.20% 1% 5%

OPERATIONAL EXPENDITURES

3.010 - Personnel Services 3.020 - Employees' Retirement/Insurance Benefits 3.030 - Purchased Services 3.040 - Supplies and Materials 3.050 - Capital Outlay 4.010 - Principal-All Years 4.020 - Principal - Notes 4.050 - Principal - Loan 4.060 - Interest and Fiscal Charges 4.300 - Other Objects 4.500 - Debt & Transfers

• 5,000,000

10,000,000 15,000,000 20,000,000 25,000,000 2008 2009 2010 2011 2012 2013 2014 Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year

OPERATIONAL EXPENDITURES BY SERVICE AREA

Instruction - Regular, Special, Career Tech - 58% Student & Staff Support - Counselors, Librarians, Nurses, Curric ulum - 9% Administration / Board - 10% Building Operations & Maintenance Services - Custodial, Utilities, Transportation, Up keep - 19.7% Extracurricular Activities - 1% Debt - .6% Transfers/Advances to other Funds - 1.7%

REPORT CARD 2012-13

LH District State Similar District

OPERATING SPENDING PER PUPIL

$ 7,181 $ 8,814 $ 8,266

classroom spending

$ 4,746 $ 5,953 $ 5,297

non-classroom spending

$ 2,435 $ 2,861 $ 2,969

PER PUPIL EXPENDITURE

STATEMENT OF NET POSITION ALL FUNDS - UNAUDITED

ASSETS CASH ANDCASH EQUIVALENTS $ 8,355,385.00 INVESTMENTS $ 3,250,010.00 RECEIVABLES (PROPERTY TAXES & ACCTS.) $ 23,094,587.00 MATERIALS AND SUPPLIES INVENTORY $ 9,892.00 NONDEPRECIABLE CAPITAL ASSETS $ 1,821,947.00 DEPRECIABLE CAPITAL ASSETS $ 58,513,366.00 TOTAL ASSETS $ 95,045,187.00 DEFERRED OUTFLOW OF RESOURCES UNAMORTIZED REFUNDING $ 3,054,726.00

LIABILITIES ACCRUED WAGES AND BENEFITS $ 2,421,063.00 INTERGOVERNMENTAL PAYABLE $ 593,336.00 ACCRUED INTEREST PAYABLE $ 174,386.00 LONG TERM LIABILITIES $ 76,549,602.00 TOTAL LIABILITIES $ 79,738,387.00 DEFERRED INFLOWS OF RESOURCES PROPERTY AND OTHER TAXES $ 17,777,560.00 TOTA DEFERRED INFLOWS $ 17,777,560.00

NET POSITION NET INVESTMENT IN CAPITAL ASSETS $ 2,030.00 RESTRICTED FOR: DEBT SERVICE $ 786,419.00 PERMANENT IMPROVEMENT $ 1,157,382.00 BUILDING FUND $ 1,884,504.00 FOOD SERVICE $ 91,312.00 SPECIAL TRUST $ 6,549.00 OTHER GRANTS $ 2,890.00 EXTRACURRICULAR ACCTS $ 33,833.00 STATE & FEDERAL GRANTS $ 88,148.00 UNRESTRICTED $ (3,469,101.00) TOTAL NET POSITION $ 583,966.00

PLANNING FOR THE FUTURE…

 NEW SCHOOL BUILDING TO MEET THE GROWING

ENROLLMENT

 THE DISTRICT HAS REQUESTED FUNDING FOR A NEW

SCHOOL BUILDING FROM THE OHIO SCHOOL FACILITIES COMMISSION $45 – 65 million

 IF APPROVED THE DISTRICT WILL HAVE TO RAISE THEIR

LOCAL SHARE (ESTIMATED TO BE APPROXIMATELY 2 MILLS.)

 MODULAR BUILDINGS FOR INTERIM HOUSING

COMMUNITY OUTREACH MEETING

Tuesday, March 18th 6:00 p.m. Licking Heights High School Master Plan/Facilities Presentation by Dr. Wagner, Superintendent

THANK YOU! QUESTIONS??