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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

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WOODRIDGE LOCAL SCHOOL DISTRICT

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  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

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