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 LICKING HEIGHTS ENROLLMENT SOURCE: DeJong Healy Rpt. AND 5000 4312 4322 4299 4304 4500 4275 4220 4147 4033 3932 4000 3758 3508 3419 3500 3240 3072 2892 3000 2693 2692 2484 2500 2193 1995 2000 1500 1000 500 0 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
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
Revenue by Source FY08 TO FY14 (current year) 18,000,000 1.010 - General Property Tax (Real Estate) 16,000,000 1.020 - Public Utility Personal Property 14,000,000 1.035 - Unrestricted Grants-in- 12,000,000 Aid 1.040 - Restricted Grants-in-Aid 10,000,000 1.045 - Restricted Federal 8,000,000 Grants-in-Aid - SFSF 1.050 - Property Tax Allocation 6,000,000 1.060 - All Other Operating 4,000,000 Revenues 2,000,000 - 2008 2009 2010 2011 2012 2013 2014
OPERATIONAL REVENUE 1.010 - General 15% Property Tax (Real Estate) 7% 1.020 - Public Utility 50% Personal Property 1% 1.035 - Unrestricted Grants-in-Aid 1.040 - Restricted Grants-in-Aid 1.050 - Property Tax 26% Allocation 1% 1.060 - All Other Operating Revenues
WHO PAYS PROPERTY TAXES? Commercial Industrial 9.49% 7.87% Utility Real Utility Personal 0.06% 2.00% Pers. Tangible 0.08% Agricultural 2.70% Residential 77.81%
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 0 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 0 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… OPERATIONAL EXPENDITURES 3.010 - Personnel Services 0.20% 0.28% 3.020 - Employees' 1% 5% 3% Retirement/Insurance Benefits 4% 0.30% 3.030 - Purchased Services 48% 3.040 - Supplies and Materials 20% 3.050 - Capital Outlay 4.010 - Principal-All Years 4.020 - Principal - Notes 4.050 - Principal - Loan 19% 4.060 - Interest and Fiscal Charges 4.300 - Other Objects 4.500 - Debt & Transfers
OPERATIONAL EXPENDITURES BY SERVICE AREA 25,000,000 Instruction - Regular, Special, Career Tech - 58% Student & Staff Support - 20,000,000 Counselors, Librarians, Nurses, Curric ulum - 9% Administration / Board - 10% 15,000,000 Building Operations & Maintenance Services - Custodial, Utilities, Transportation, Up 10,000,000 keep - 19.7% Extracurricular Activities - 1% 5,000,000 Debt - .6% Transfers/Advances to other Funds - - 1.7% 2008 2009 2010 2011 2012 2013 2014 Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year
PER PUPIL EXPENDITURE 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
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??
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