Willoughby-Eastlake Schools Budget Presentation

8/3/2019 Willoughby-Eastlake Schools Budget Presentation

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REVIEW OF DISTRICTFINANCES

Willoughby-Eastlake City Schools


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Ohio Districts in Fiscal Caution, Watch & Emergency inFY 2011

Emergency

Oversight Yellow

Fiscal Watch BlueFiscal Caution -Red

Source: Ohio Department of Education


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Ohio Districts in Fiscal Caution, Watch & EmergencyFY 2012 Projected

Emergency

Oversight Yellow

Fiscal Watch BlueFiscal Caution Red



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Ohio Districts in Fiscal Caution, Watch & EmergencyFY 2013 Projected

Emergency

Oversight YellowFiscal Watch Blue

Fiscal Caution Red



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Ohio House Bill 920 Challenge:

Matching Expenses to Revenue

Revenue

Years

4 8 120

$


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FY 2012 State Budget Cuts

TPP $1.6Million

ElectricDeregulation

$1.5 Million

Loss of 9% of

StateFoundation/21% in State

Reimbursement

FY 2012

DecliningHome ValuesInside Millage

- $700,000

FailedLevy

8.75Million

Total Loss

- $13.4Million


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Ohio House Bill 920 Challenge Coupled with Reductions in

Funding (Revenue)

Years

4 8 120

$


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Current Five-Year Forecast (9/6/2011)


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Sources of General Fund RevenueFiscal Year 2011

Real Estate58.1%

Personal Tangible0.1%

Public Utility Tangible5.6%

Rollback17.4%

State Funding15.7%

Miscellaneous3.1%


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General Fund Expenditures

Fiscal Year 2011


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5 YearForecast

ASSUMPTIONS:

$4.99 Mill operating levy passage inMarch,2012

No otherchanges


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Levy Passes -Five-Year Forecast (9/6/2011)


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Budget Reductions - Yearly SavingsAREAOF REDUCTION DESCRIPTION SAVINGS

Transportation Possible outsourcing oftransportation $1,200,000

Pay-to-Participate Increases begin in 2012/13 schoolyear regardless of levy passage $120,000

Closing McKinley Over 8 million in repairs required $600,000Opening Kennedy Educating at least 55 W-E

students who are outsourced $600,000

Centralized Purchasing Utilization of EASi (reverseauctions) to net an 18.5% savings

in purchase of supplies

$1,047,000

Transportation of SpecialNeeds Students

Moving from van service back tobuses $550,000

H.B. 264 Projects Energy conservation program $455,000

Advertising Website exploring other options

$25,000


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Lay-Offs

DEPARTMENT/AREA NUMBER OF RIFs

Administrators/Supervisors 7

K-12 Teachers 19

High School Teachers 18Middle School Teachers 9

Elementary Teachers 4

Custodians 5

Food Service Workers 7

Secretaries 7.5

Teacher Aides/Noon Aides Schedule Driven


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Estimated Total ofExpenditure

Reductions & Revenue GenerationPer Year

$12,744,500

8% avg. decrease in pay

per employee!


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5 YearForecast

ASSUMPTIONS:

$4.99 Mill operating levy passage in March,2012Contractratifiedandadditional costsaving

measures implemented


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Five-Year Forecast (1/16/2012)

2.2

4.8

6.0

2.2

- 6.6


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Impacts

Additional lay-offs

Increased class sizes

Reduced course offerings

Diminished property value

Reduction in busing to state minimums (two mile radius and nohigh school busing)

Increase in Pay-to-Participate: High School Sports - $600.00 per sport / Football - $725.00

Middle School Sports - $500.00 per sport / Football - $625.00

No field trips

Elimination of daily flexible busing no transportation for Techand elimination of the Zenith program

Elimination of All-Day Kindergarten programming


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Research on Property Values

Field Guide to SchoolsAnd The Home Buying Decision(Updated August 2011)

Of all the local neighborhood amenities that can influence a buyer's

decision to purchase a home, proximity to good quality schools is one

of the most influential. According to the 2010 National Association of

REALTORS Profile of Home Buyers and Sellers, the most frequently

asked questions of home buyers listed is the school quality and

proximity to schools as deciding factors in their home purchase. This

Field Guide includes articles and studies on the importance of schools

for home buyers and how schools impact localproperty values, alongwith a sampling of Web sites thatprovide data on school districts.

(C. Dodge, Information Specialist)


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Research on Property Values

"Without a doubt the 'right' school district

increases value by 12 to 14 percent in my area

even in today's market," said Maria Picardi-

Kenyon, a long-time Realtor located in NewJersey. "I've spoken with many clients who are

convinced that a preferred school districtprovides

as much as 20percent or more value to a home."


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Housing Prices and Measures Of School Quality


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Home Values in Ohio

2011 4.2% declinein home values in

Ohio

2011 1.2% decline inhome values in Ohio ofExcellent or aboverated schools


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What we cannot do!


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Questions?Questions?

Documents

Willoughby-Eastlake Schools Budget Presentation