WOODRIDGE LOCAL SCHOOL DISTRICT

2012-2013 YEAR END FINANCIAL REPORTand

HB -59 STATE BUDGET BILL

2012-2013 GENERAL FUND

Deanna Levenger, Treasurer General Fund Percent of Total

Beginning Cash Balance July 1, 2012 6,074,112$ Revenues

Local Sources-Taxes 15,170,334$ 69.75%Other Local Sources 767,148$ 3.53%Investment Income 6,610$ 0.03%State Sources 5,806,760$ 26.70%

Total Revenues 21,750,853$ 100.00%

ExpendituresSalaries 11,985,272$ 53.77%Benefits 5,538,391$ 24.85%Purchased Services 3,433,826$ 15.40%Supplies, Materials & Textbooks 587,579$ 2.64%Capital Outlay 90,316$ 0.41%Other Expenses 420,608$ 1.89%Transfers & Advances 235,762$ 1.06%

Total Expenditures 22,291,754$ 100.00%

Ending Cash Balance June 30, 2013 5,533,211$

Early Childhood Grant Title III (2000 School District millage-Full millage rate includes

One Net TeleconnectivityTitle I Joint Vocational School Rates)

Title II-a Improving Teacher Quality Hudson 75.73 Norton 55.00

Mogadore 71.85 Akron 54.86

Aurora 69.29 Springfield 54.45

TOTAL STATE & FEDERAL REVENUE 1,150,531$ Coventy 64.71 Tallmadge 53.63

Manchester 60.24 Barberton 53.36

Title II-d

IDEA Part B

and lunch programFood Service Breakfast and

CURRENT AREA TAX RATES

WOODRIDGE LOCAL SCHOOL DISTRICT2012-2013 FISCAL YEAR END

FINANCIAL DATA

State and Federal ProgramsWoodridge Local School District Participates in the following

$15,170,334

$767,148$6,610

$5,806,760

$-

$2,000,000

$4,000,000

$6,000,000

$8,000,000

$10,000,000

$12,000,000

$14,000,000

$16,000,000

2012-2013 REVENUES

53.8%

24.8%

15.4%

2.6%1.9%1.1%

2012-2013 EXPENDITURESSalaries

Benefits

PurchasedServices

Supplies, Materials& Textbooks

Capital Outlay

Other Expenses

Transfers &Advances

2008-2009 2009-2010 2010-2011 2011-2012 2012-2013Property Tax 13,442,912 13,994,443 14,078,906 14,168,123 15,168,651 Tangible Tax 704,202 93,726 38,177 7,891 1,684 State Foundation 1,205,558 1,070,041 1,079,029 1,117,170 1,113,048 Restricted Grants (ARRA Funds) - 73,053 141,498 - - Homestead/Rollback and Tangible Tax Reimbursement 3,689,939 4,129,687 4,186,766 3,835,942 3,683,350 Miscellaneous Revenues 1,939,097 1,859,050 1,467,855 1,528,514 1,784,119

20,981,708 21,220,000 20,992,231 20,657,640 21,750,852

2008-2009 2009-2010 2010-2011 2011-2012 2012-2013

Miscellaneous Revenues 1,939,097 1,859,050 1,467,855 1,528,514 1,784,119

Homestead/Rollback and Tangible Tax Reimbursement 3,689,939 4,129,687 4,186,766 3,835,942 3,683,350

Restricted Grants (ARRA Funds) - 73,053 141,498 - -

State Foundation 1,205,558 1,070,041 1,079,029 1,117,170 1,113,048

Tangible Tax 704,202 93,726 38,177 7,891 1,684

Property Tax 13,442,912 13,994,443 14,078,906 14,168,123 15,168,651

-

5,000,000

10,000,000

15,000,000

20,000,000

25,000,000

Axis

Title

WOODRIDGE LOCAL SCHOOL DISTRICTGENERAL FUND

REVENUE SOURCES 2008-2009 through 2012-2013

Direct Student Instruction 62.3%Student Instruction Support 8.1%Student Activities & Athletics 1.9%Business Support Services 27.7%

Direct Student Instruction61.9%Student Instruction Support8.5%Student Activites and Athletics2.0%Business Support Services27.6%

Direct Student Instruction1100 Regular Instruction 10,110,776 4500 Athletics 311,269 1200 Special Education Instruction 3,365,661 4600 Co-Curricular 115,958 1300 Career-Technical Instruction 351,560 Total Student Activities & Athletics 427,227 1900 Other Instruction 56,517

Total Direct Student Instruction 13,884,515 2300 Board of Education 39,083

Student Instruction Support 2400 District and Building Administration1,857,219 2100 Pupil Services 1,262,364 2500 Fiscal Services 660,757 2200 Instructional Support Services 293,773 2700 Building & Grounds 1,684,558 2900 Information Services 251,287 2800 Transportation 1,695,209 Total Student Instruction Support 1,807,425 7200/7400Transfers & Advances 235,762

Total Business Support 6,172,587

FISCAL YEAR 2013

Business Support Services

Student Activities & Athletics GENERAL FUND EXPENDITURES

62.3%

8.1%

1.9%

27.7%

WOODRIDGE LOCAL SCHOOL DISTRICTGENERAL FUND EXPENDITURES FISCAL YEAR 2012-2013

Direct StudentInstructionStudent InstructionSupportStudent Activities &AthleticsBusiness SupportServices

FISCAL YEAR 2013 OTHER SIGNIFICANT FUNDSREVENUES & EXPENDITURES

% of total % of TotalRevenues Revenues Expenditures Expenditures

Debt Service $1,597,256.41 6.04% $1,685,250.97 6.21% Permanent Improvement$ 599,643.66 2.27% $ 581,887.27 2.14% Food Service $ 795,492.11 3.01% $ 792,585.68 2.92% Uniform School Supply $ 104,864.25 .40% $ 106,293.97 .39% Rotary Fund $ 94,504.25 .36% $ 88,372.01 .33% Principal Funds $ 52,439.41 .20% $ 50,032.69 .18% Miscellaneous Grants $ 46,972.11 .18% $ 62,354.76 .23% Employee Benefit Fund $ 49,634.44 .19% $ 54,095.94 .20% Student Activities $ 72,363.05 .27% $ 75,495.29 .28% Athletic & Music $ 138,107.22 .52% $ 144,698.95 .53% Auxiliary Services $ 51,140.10 .19% $ 59,108.78 .22% Public Preschool Support $ 174,807.77 .66% $ 174,236.85 .64% Network Connectivity $ 7,200.00 .03% $ 12,238.92 .05% Title IV-B IDEA $ 410,020.03 1.55% $ 421,482.13 1.55% Title III LEP $ 13,448.09 .05% $ 14,194.94 .05% Title I $ 462,684.27 1.75% $ 455,616.78 1.68% Title II-A $ 82,370.87 .31% $ 75,743.69 .28%

WOODRIDGE LOCAL SCHOOL DISTRICTOPEN ENROLLMENT, COMMUNITY SCHOOLS & SCHOLARSHIPS

OPEN ENROLLMENT COMMUNITY SCHOOLS FISCAL YEAR Net Profit/Loss Expenditures

1999 $ (72,181.78) 2000 $ (31,836.31) $ 31,443.99 2001 $(116,716.09) $142,306.56 2002 $(128,056.00) $120,950.00

2003 $(140,605.77) $133,401.58 2004 $ (35,529.46) $219,582.86 2005 $ 284,978.41 $315,306.84 2006 $ 332,847.08 $331,604.39 2007 $ 163,871.73 $306,542.73 2008 $ 237,852.92 $322,608.40 2009 $ 100,480.30 $358,704.26 2010 $ 145,379.52 $385,772.97 2011 $ 218,834.00 $363,800.95 2012 $ 90,702.46 $472,435.70 2013 $ 110,941.46 $482,934.43

(110 students in & 88 students out) (71.28 students out)

SCHOLARSHIPSFISCAL YEAR PETERSON AUTISM 2013 $15,216 $65,975.002014 $30,432 $100,000.00 (projected)

FISCAL YEAR REVENUES EXPENDITURE2010-2011 712,512.58 745,056.11 2011-2012 731,045.85 764,699.88 2012-2013 712,892.11 792,585.38

2010-2011 2011-2012 2012-2013REVENUES 712,512.58 731,045.85 712,892.11EXPENDITURE 745,056.11 764,699.88 792,585.38

745,056.11

764,699.88

792,585.38

712,512.58

731,045.85

712,892.11

660,000.00

680,000.00

700,000.00

720,000.00

740,000.00

760,000.00

780,000.00

800,000.00

WOODRIDGE LOCAL SCHOOL DISTRICTFOOD SERVICE PROGRAM ANALYSIS

STATE BUDGET BILL: Am. Sub. HB 59

• Governor introduced in February 2013• House passed it’s version in April 2013• Senate voted to approve yet another version in June

2013• Conference Committee met and finalized the bill• Governor signed the legislation on June 30, 2013

HB 59 Established a New Funding Formula for Public Schools

Set per pupil basic aid at $5,745 in FY 14 and $5,800 in FY 15 Continued TTP Replacement over the biennium ($1,620,505 annually) Gain caps were set at a 6.25% increase in FY 14 and 10.5 increase in FY 15 The Woodridge Local School District will see an increase of $65,178 in FY 14 and an

increase of $116,343 in FY 15 New income-based voucher program: based on family income at or below

200% of poverty guidelines (currently about $46,000 for a family of 4) New voucher program begins in FY14 for kindergarten students and 1st grade

will be added in FY 15 New income-based voucher comes directly out of lottery profits, not district’s state

funding Eliminated of the 10% and 2.5% Rollback payments on New and Replacement

levies Returned the Homestead Exemption to a “means-tested” qualifier (current

homeowners are grandfathered)

2006-2007

2007-2008

2008-2009

2009-2010

2010-2011

2011-2012

2012-2013

2013-2014

2014-2015$1,025,000

$1,050,000

$1,075,000

$1,100,000

$1,125,000

$1,150,000

$1,175,000

$1,200,000

$1,225,000

$1,250,000

$1,275,000

$1,300,000

1,156,882

1,222,909 1,205,558

1,143,094

1,220,527

1,117,170 1,113,048

1,151,918

1,268,261

WOODRIDGE LOCAL SCHOOL DISTRICTSTATE FOUNDATION REVENUES

State Funding

FISCAL YEAR

CONTACTS AND INFORMATION• District website: www.woodridge.k12.oh.us

– Link to the financial reports is on the front page, right hand side under “DISTRICT FINANCIAL REPORTS”

Included on the link are the:Monthly Financial ReportsYear End Financial Reports 2010-2011 through 2012-2013Bugle Finance ArticlesDistrict Financial AuditsCommunity Financial ReportsFive Year ForecastsTreasurer’s Office contact information

Treasurer’s Contact informationDeanna Levengerdlevenger@woodridge.k12.oh.ustelephone: 330-928-9074fax: 330-928-1542