1 / 12

WOODRIDGE LOCAL SCHOOL DISTRICT

WOODRIDGE LOCAL SCHOOL DISTRICT. 2012-2013 YEAR END FINANCIAL REPORT and HB -59 STATE BUDGET BILL. 2012-2013 GENERAL FUND. FISCAL YEAR 2013 OTHER SIGNIFICANT FUNDS REVENUES & EXPENDITURES. % of total % of Total Revenues Revenues Expenditures Expenditures

dorothy-nicholson
Download Presentation

WOODRIDGE LOCAL SCHOOL DISTRICT

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. WOODRIDGE LOCAL SCHOOL DISTRICT 2012-2013 YEAR END FINANCIAL REPORT and HB -59 STATE BUDGET BILL

  2. 2012-2013 GENERAL FUND

  3. FISCAL YEAR 2013 OTHER SIGNIFICANT FUNDSREVENUES & EXPENDITURES % of total % of Total Revenues 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%

  4. 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) SCHOLARSHIPS FISCAL YEAR PETERSON AUTISM 2013 $15,216 $65,975.00 2014 $30,432 $100,000.00 (projected)

  5. 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

  6. 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 1stgrade 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)

  7. 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 Reports Year End Financial Reports 2010-2011 through 2012-2013 Bugle Finance Articles District Financial Audits Community Financial Reports Five Year Forecasts Treasurer’s Office contact information Treasurer’s Contact information Deanna Levenger dlevenger@woodridge.k12.oh.us telephone: 330-928-9074 fax: 330-928-1542

More Related