assumptions to five-year forecast

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PICKERINGTON LOCAL SCHOOL DISTRICT – FAIRFIELD COUNTY

ASSUMPTIONS FOR FIVE-YEAR FINANCIAL FORECAST

PROJECTED FISCAL YEARS ENDING JUNE 30, 2019 THROUGH JUNE 30, 2023

INTRODUCTION TO THE FIVE YEAR FORECAST AND UNDERSTANDING THE PURPOSE OF THE FIVE YEAR FORECAST

The Ohio Department of Education provides the following guidance on how to read a Five Year Forecast:

http://education.ohio.gov/Topics/Finance-and-Funding/Five-Year-Forecast/How-to-Read-a-Five-Year-Forecast

A forecast is somewhat like a painting of the future based upon a snapshot of today. That snapshot, however, will be adjusted and the further into the

future the forecast extends, the more likely it is that the projections will deviate from actual experience. A variety of events will ultimately impact the

latter years of the forecast, such as state budgets (adopted every two years), tax levies (new/renewal/ replacement), salary increases, or businesses

moving in or out of the district. The five-year forecast is viewed as a key management tool and must be updated periodically. In Ohio, most school

districts understand how they will manage their finances in the current year. The five-year forecast encourages district management teams to examine

future years’ projections and identify when challenges will arise. This then helps district management to be proactive in meeting those challenges.

School districts are encouraged to update their forecasts with ODE when events take place that will significantly change their forecast or, at a

minimum, when required under statute.

In a financial forecast, the numbers only tell a small part of the story. For the numbers to be meaningful, the reader must review and consider the

Assumptions to the Financial Forecast before drawing conclusions or using the data as a basis for other calculations. The assumptions are very

important to understanding the rationale of the numbers, particularly when a significant increase or decrease is reflected.

PURPOSES/OBJECTIVES OF THE FIVE-YEAR FORECAST

Here are at least three purposes or objectives of the five-year forecast:

(1) To engage the local board of education and the community in long range planning and discussions of financial issues facing the school

district

(2) To serve as a basis for determining the school district’s ability to sign the certificate required by O.R.C. §5705.412, commonly known

as the “412 certificate”

(3) To provide a method for the Department of Education and Auditor of State to identify schools districts with potential financial

problems

O.R.C. and O.A.C. REQUIREMENTS

O.R.C. §5705.391 and O.A.C. 3301-92-04 require a Board of Education (BOE) to submit a five-year projection of operational revenues and

expenditures along with assumptions to the Department of Education prior to October 31 of each fiscal year and to update this forecast between April

http://education.ohio.gov/Topics/Finance-and-Funding/Five-Year-Forecast/How-to-Read-a-Five-Year-Forecast

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1 and May 31 of each fiscal year. ODE encourages school districts to update their forecast whenever events take place that will significantly change

the forecast.

Required funds to be included in the forecast are:

General funds (001)

Any special cost center associated with general fund money

Emergency levy funds (016)

Any debt service (002) activity that would otherwise have gone to the general fund

Education Jobs Fund (504)

For the Pickerington Local School District, this forecast is required to consider the general fund and the other special cost centers associated with

general fund money. Additionally, a small portion of Ed Jobs funding, which was provided by the federal government via stimulus funding, is also

included for fiscal year 2013.

The following definitions will assist the reader/community member as he/she reads the assumptions to the forecast, or takes part in discussions about

the forecast.

DEFINITIONS

412 Certificates – ORC 5705.412 requires the treasurer, superintendent, and president of the board of education to certify that adequate

revenues will be available to maintain all personnel and programs for the current fiscal year and for a number of days in the succeeding fiscal

years. 412 Certificates must be attached to:

Appropriations for the current fiscal year

Qualifying contracts covering the term of contract

Wage and salary schedule for the term of contract

Negotiated agreement(s) and contracts for benefits

Encumbrances – Money obligated to pay for any purchase. An end of year encumbrance is money obligated in the current fiscal year to be

paid in the next fiscal year.

Expenditures – The spending of any public money for a specified purpose as approved by the BOE policy and procedures.

Fiscal Year – In education and state government, the fiscal year runs from July 1 through June 30, and each fiscal year is dated by the ending

date. Example: FY12 would start July 1, 2011 and end June 30, 2012.

Revenues – Receipts generated from property taxes, school district income taxes, state foundation formula, and local monies (such as

donations, fees, tuition, etc.).

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Finally, since the preparation of a meaningful five-year forecast is as much an art as it is a science and entails many intricacies, it is recommended

that you contact the Treasurer/Chief Fiscal Officer of the Pickerington Local School District, Ryan Jenkins at (614) 834-2140 to discuss any

questions you may have. You may also email him at [email protected].

Rest of Page Left Intentionally Blank

mailto:[email protected]

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REVENUES

LINE 1.010--General Property Tax (Real Estate)

Property taxes currently comprise 30.0% of total general fund revenue—a significant source of revenue for the District.

Changes in valuation due to inflation/reappraisal are ‘offset’ by increases or decreases in millage so that the District receives the same amount of tax

revenue as in the previous year. The District will undergo a complete reappraisal in 2019, and a triennial update in 2022. The forecasted increase in

overall residential/agricultural values (Class I values) due to reappraisal/inflation for 2019 is 4.56%, and it is 4.68% in 2022. On the Class II

(Commercial/Industrial) side, the 2019 and 2022 forecasted increases due to reappraisal/inflation are each 4.31% respectively.

New construction in the District does allow for growth in tax revenue. For the 2017 (payable in 2018) tax year, the effect of new construction on

Class I stayed relatively level, coming in at about 1.6% over 2016. On the Class II side (commercial/industrial), the District saw a nice increase of

3.90% due to new construction of businesses in the community—this is hopefully a trend that is reflective of a welcoming business environment

focusing on development in the local community. For the forecasted 2018 tax duplicate (to be released in November 2018), we are expecting growth

of 1.50% for new construction for both classes of property.

New construction/growth in Class I property values has historically been vibrant in the PLSD community, although the Great Recession of 2008

negatively impacted this growth from 2009 to about 2013. The growth shown in in the past few years for residential properties is a very positive

sign. This forecast anticipates increases in residential valuation due to new construction for Class I property to be at 1.50% per year for fiscal years

2019 through 2023. This growth will be mainly attributed to 4-5 subdivisions in various stages of planning and development around the District

(Heron Crossing; Wellington Park; Meadows at Spring Creek; Lake Forest; Reserves at Meadowmoore; The Enclave at Meadowmoore). These

developments could bring as many as 1,500 new homes within the next 7-10 years—developments that will need to be carefully followed by District

management.

Forecasting Class II growth due to new construction can be a bit more challenging. Over the past 6 years it has averaged about 2.2%; it has been as

high as 6.1%, but has been as low as -6.3%. For this forecast, I have assumed a conservative 1.50% (equal to Class I) in forecasted years.

Finally, on the strictly agricultural side, the reader may notice that the value of agricultural property in the District is forecasted to decline through

2022. Changes in Ohio Law that were enacted in the current biennial budget (HB49) have changed the way county auditors value CAUV land, and

the forecast is reflective of this overall decrease in the value of CAUV land. Per sources at the Ohio Farm Bureau (https://ofbf.org/2017/07/01/farm-

bureau-celebrates-accurate-taxes-farmland/), the value of CAUV land will decline on average about 30% across the next two reassessment cycles.

For Fairfield County, this will occur during the 2019 and 2022 cycles. (Note: CAUV is agricultural land, and HB49 would not affect agricultural

land not in CAUV, nor will it affect agricultural buildings.) While this may result in a decline in taxes paid on CAUV land, note that due to HB920

millage adjustment factors, these changes in valuation will be offset by millage adjustments that ensure that the District receives the same overall

tax revenue. So these CAUV adjustments will simply ‘shift’ a bit of the tax burden to the residential property base.

A more detailed look at property values and Real Estate Collections follows in Exhibits 1A—1D:

https://ofbf.org/2017/07/01/farm-bureau-celebrates-accurate-taxes-farmland/

https://ofbf.org/2017/07/01/farm-bureau-celebrates-accurate-taxes-farmland/

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Agricultural#

Residential #

Class II (All)#

PP/PUPP #26,223,550

26,973,550

27,723,550

2021 17,110,005

2022 16,857,930

Total Valuations by Property Classification

2015 17,849,630

2016 20,260,860

2017 19,162,990

18,912,990

200,174,230

201,174,880

17,251,005

2020 17,101,005

31,086,680

17,724,493

12,004,870

26,179,150

73,733,370

Residential

2019

181,411,120

190,934,860

178,813,220

188,373,010

188,845,057

181,438,710885,732,83017,862,870

Class II (All)173,343,570 18,106,270

19,304,470

21,084,440

21,581,640

23,973,550

24,723,550

25,473,550

2013

Total1,129,219,420921,764,940

897,240,690

912,120,310

995,066,890

1,015,299,740

1,032,052,186

1,099,135,578

1,117,267,445

1,135,697,607

1,209,517,951

Total Class I937,769,580

903,595,700

915,094,500

929,969,940

1,015,327,750

1,034,462,730

1,050,965,176

1,116,386,583

1,134,368,450

1,152,807,612

1,226,375,881

Tax Year Agricultural PP/PUPP

2017

18,770,810 1,103,805,220 (25,414,200) -2.3%

1.1%

2.3%

6.5%

2.6%

1.4%

6.1%

1.5%

1.5%

6.3%

77,500,579

19,732,517

202,179,929

214,310,725

2012 16,004,640

2014 17,853,810

20,194,212

86,449,065

2018

2017 Property Valuation Class % of Total

YOY

%1.4%

1,115,810,090

1,141,989,240

1,215,722,610

1,246,809,290

1,264,533,783

1,342,034,362

1,361,766,879

1,381,961,091

1,468,410,156

YOY $

Change15,952,310

Agricultural1.54%

Residential81.43%

Class II (All)15.11%

PP/PUPP1.92%

Exhibit 1A—Detailed Look at Historical and Forecasted Valuations

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-0.3%

13.5%

6.1%

2.6% 0.2%

0.4%

7.6%

0.1%

5.0%

4.5%

Valuation Change Triennial Update/Reappraisal/BOR

-2.2%

-7.5%

-0.9%2022

2,416,420 69,735,920

-4.4%

YOY

(3,645,500)

500,000 1,522,950

(346,790) (2,076,610) 68,490

YOY $ Chg.Tax Year

2012

2021

2018

1,207,510

175,800

2016

2017

2020

YOY

% YOY $ Chg.

100,000 1,644,833 (2,001,963)

24.9%

1.0%

2.7%

-1.0%

2013

1,671,151 (2,012,574)

0.6%

0.6%

2019 (1,411,985) 51,602,609 8,496,497

2015 (48,420)

(2,353,548)

2,492,320

Agricultural Residential Class II (All)

3,983,520

-1.0%

4,732,900

0.0%

-0.9%

-2.0%

109,000

YOY $ Chg.

4.5%

0.0%-0.2%

%

YOY

0.0%

0.1%

0.1%

5.0%

(40,640,340)

%

1,230,760 4,048,730

253,810

(1,608,390)

2014

(152,075) 56,784,880 9,098,097

-1.2%

1.4%

(49,020)

Exhibit 1B—Detailed Look at Historical and Forecasted Valuation Increases Due to Inflationary/Reappraisal/BOR

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Valuation Change New Construction/Exempted/Other

YOY

Tax Year %

2012 21.3%

2013 3.7%

2014 2.8%

2015 9.2%

2016 2.4%

2017 11.1%

2018 3.1%

2019 3.0%

2020 2.9%

2021 2.9%

2022 2.8%

750,000

(100,000) -0.6% 17,035,464 1.5% 3,032,699 1.5% 750,000

(100,000) -0.6% 16,759,012 1.5% 3,017,623 1.5%

750,000

(250,000) -1.4% 16,487,034 1.5% 3,002,613 1.5% 750,000

(250,000) -1.3% 15,480,783 1.5% 2,832,676 1.5%

2,391,910

(750,000) -3.9% 15,229,496 1.5% 2,825,595 1.5% 750,000

(2,328,630) -11.5% 16,184,120 1.6% 7,072,200 4.0%

1,779,970

(5,190) 0.0% 13,210,660 1.4% (12,077,350) -6.3% 497,200

44,240 0.2% 13,672,110 1.5% 11,132,130 6.1%

664,540

(184,860) -1.0% 11,254,050 1.3% 3,617,910 2.0% 533,660

(2,125,290) -13.3% 4,608,230 0.5% 3,362,240 1.9%

YOY $ Chg.

384,890 2.4% 5,260,740 0.6% 9,482,570 5.8% 3,179,020

YOY $ Chg. % YOY $ Chg. % YOY $ Chg. %

Agricultural YOY Residential YOY Class II (All) YOY PP/PUPP

Exhibit 1C—Detailed Look at Historical and Forecasted Valuation Increases Due to New Construction/Growth

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1.010 - General Property Tax (Real Estate) Pickerington Local School District

Revenue Detail Note

Percentage of Total Revenue:

30.0% Actual Projected

Collection Year >>> 2018 2019 2020 2021 2022 2023

Valuations Class I and Class II Values

Total Valuation for Collection Year 1,222,835,740 1,239,810,233 1,316,560,812 1,335,543,329 1,354,987,541 1,440,686,606

Year-Over-Year Change 28,694,770 16,974,493 76,750,579 18,982,517 19,444,212 85,699,065

Overall % Change 2.40% 1.39% 6.19% 1.44% 1.46% 6.32%

Change due to Inflation / Deflation 7,771,810 (330,598) 58,687,121 (257,130) (232,423) 65,730,902

Change due to New Construction 20,927,690 17,305,091 18,063,459 19,239,647 19,676,635 19,968,163

Tax Rates Class I Tax Rates

Total Class I Effective (Collection Year) w/Renewals 32.5743 32.5195 31.2424 31.2006 31.1588 29.9105

Year-Over-Year Rate change due to reappraisal, Value Challenges -0.1462 -0.0548 -1.2771 -0.0417 -0.0418 -1.2483

Millage Reserved Due To Renewal Levies 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000

Total Class I Effective (Collection Year) without Renewals 32.5743 32.5195 31.2424 31.2006 31.1588 29.9105

Tax Rates Class II Tax Rates

Total Class II Effective (Collection Year) w/Renewals 32.7937 33.1517 31.9181 32.1951 32.4749 31.2703

Year-Over-Year Rate change due to reappraisal, Value Challenges -0.3944 0.3580 -1.2336 0.2770 0.2799 -1.2047

Millage Reserved Due To Renewal Levies 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000

Total Class II Effective (Collection Year) without Renewals 32.7937 33.1517 31.9181 32.1951 32.4749 31.2703

Revenue Calculations With Modeled Collection Rates and Collection Splits

Tax Revenue Fiscal Year > > 2018 2019 2020 2021 2022 2023

Total Residential, Ag, and Business Current Taxes w/ Renewals 34,933,199 34,917,518 35,702,347 36,322,034 36,853,601 37,520,675

Adjustments: Less Renewal Levy Amount (Reserved) - - - - - -

Prior year delinquencies 582,645 612,173 650,000 675,000 705,000 705,000

Adj for variance based on MODELED rate & split 1 (1) -

Advances from/to prior/subsequent settlement - - - - - -

Other district adjustments - - - - - -

Cash flow variance and/or posting variances 992 - - - - -

Adjustment for Current Cash Flow Trend:

Total 35,516,836 35,516,837 35,529,690 36,352,347 36,997,034 37,558,601 38,225,675

Dollar Change over Prior year 1,137,573 12,853 822,657 644,687 561,567 667,074

Percentage Change over Prior Year 3.31% 0.04% 2.32% 1.77% 1.52% 1.78%

2013 33,397,054

2014 33,301,006 (96,048) -0.29%

2015 33,074,020 (226,986) -0.68%

2016 34,345,569 1,271,549 3.84%

2017 34,379,264 33,695 0.10%

2018 35,516,836 1,137,572 3.31%

2019 35,529,690 12,854 0.04%

2020 36,352,347 822,657 2.32%

2021 36,997,034 644,687 1.77%

2022 37,558,601 561,567 1.52%

2023 38,225,675 667,074 1.78%

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$800,000

$1,000,000

$1,200,000

$1,400,000

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Year-Over-Year Dollar Change in Revenue Line (Includes Renewal Levy Revenue)

Exhibit 1D—Detailed Look at Forecasted RE Collections

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LINE 1.020--Tangible Personal Property Tax.

The tangible personal property tax has been eliminated for business tangible property (per HB 66). However, it has not been eliminated for public

utility tangible personal property (PUPP). In the past, this revenue line had been included into the real estate values above. At only about 1.43% of

total general fund revenue, and totaling only $1.693 MM in total collections in FY2018, PUPP doesn’t generate a great deal of revenue. However,

the District currently has about $23.97 MM in PUPP valuation, and given recent trends that have seen PUPP valuations increase by as much as 11%,

we are forecasting a 3% increase in PUPP valuations moving forward. Subsequently, PUPP tax receipts are projected to grow by about 3.07% on

average during the forecasted fiscal years.

A more detail look at TPP (PUPP) follows in Exhibit 2:


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1.020 - Public Utility Personal Property Pickerington Local School District

Public Utility Personal Property Revenue Detail Note



Tax Collection Year >>> 2018 2019 2020 2021 2022 2023

Valuations Personal Property (PUPP) Projections are not Based Upon Previous Fiscal Year

Total Valuation for Collection Year 23,973,550 24,723,550 25,473,550 26,223,550 26,973,550 27,723,550

Year-Over-Year Change 2,391,910 750,000 750,000 750,000 750,000 750,000

Overall % Change 11.08% 3.13% 3.03% 2.94% 2.86% 2.78%

Tax Rates Full Voted (PUPP)

Tangible Full Voted Approved Levies 72.2000 72.2000 72.2000 72.2000 72.2000 72.2000

Year over Year Change 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000

Overall % Change 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Tax Revenue Fiscal Year > > 2018 2019 2020 2021 2022 2023

Total Taxes Levied for Fiscal Year 1,693,297 1,729,619 1,807,561 1,861,439 1,915,318 1,969,197

Adj for MODELED rate & split - (1) - - - -

Delinquencies 0 - - - - -

Adjusts & cash flow/settlement posting variance and Levy Reservation (1) - - - - -


Total 1,693,297 1,693,296 1,729,618 1,807,561 1,861,439 1,915,318 1,969,197

Dollar Change over Prior year 141,230 36,322 77,943 53,878 53,879 53,879


2013 1,192,175

2014 1,313,104 120,929 10.14%

2015 1,462,491 149,387 11.38%

2016 1,484,704 22,213 1.52%

2017 1,552,066 67,362 4.54%

2018 1,693,297 141,231 9.10%

2019 - (1,693,297) -100.00%

2020 - - 0.00%

2021 - - 0.00%

2022 - - 0.00%

2023 - - 0.00%

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-$1,500,000

-$1,000,000

-$500,000

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$500,000

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023


Exhibit 2—Detailed Look at Forecasted PUPP Tax Revenue

11

LINE 1.030—Income Tax.

With all income tax settlements received for FY18, and the first quarter of 2019 ‘in the books,’ suffice it to say that income tax collections have

heated up again. FY18 collections were 5.82% higher than FY17, and with the 1st quarter of 2019 having been received in July 2018, we are

currently running 14.70% above FY17 through the 1st quarter posted. Hence, the FY19 forecasted increase is about 8.28% as of the date of the

submission of this forecast. That said, we are continuing to conservatively forecast moderate yearly increases, but those increases, given the 1st

quarter of FY19, are forecasted to be higher than what was submitted in the Spring of FY18. We are forecasting year-over-year increases of about

4.72%, on average, per year for FY20-FY23. As a note, this revenue stream is roughly equivalent to 15.10 effective mills of property tax for

Pickerington Schools. This revenue source has become one of the fastest growing and most significant sources of revenue for the District, and it

continues to increase in its share of total general fund revenue (currently 14.90%).


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1.030 - Income Tax Pickerington Local School District

Revenue Detail Note



2018 2019 2020 2021 2022 2023

Overall Annual Income Tax Growth Projected: 8.28% 4.61% 4.69% 4.76% 4.85%

401 Prior FY Collection - 17,626,091 19,086,232 19,966,271 20,901,758 21,897,668

Current Year Estimated Growth - 1,460,140 880,040 935,487 995,910 1,061,941

Deduction for Phase-Out - - - - - -

Deduction for any reserved? - - - - - -

Net "cash" for this levy? 17,626,091 19,086,232 19,966,271 20,901,758 21,897,668 22,959,609

Net Levy Collection Amount 17,626,091 19,086,232 19,966,271 20,901,758 21,897,668 22,959,609

Adjustment for Current Cash Flow Trend: 2,675 2,894

Total 17,628,766 17,628,766 19,089,126 19,966,271 20,901,758 21,897,668 22,959,609

Dollar Change over Prior year 970,183 1,460,360 877,145 935,487 995,910 1,061,941


2013 14,357,756

2014 14,963,889 606,133 4.22%

2015 15,548,189 584,300 3.90%

2016 16,242,763 694,574 4.47%

2017 16,658,583 415,820 2.56%

2018 17,628,766 970,183 5.82%

2019 19,089,126 1,460,360 8.28%

2020 19,966,271 877,145 4.59%

2021 20,901,758 935,487 4.69%

2022 21,897,668 995,910 4.76%

2023 22,959,609 1,061,941 4.85%

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$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

$1,600,000

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023


Exhibit 3A—Detailed Look at Forecasted Income Tax Revenue

13

1.030 - Income Tax Pickerington Local School District

Note 1

Withholding Collections (SD 101 and 141 from allocation)

Quarter 3-Yr. Avg. 5-Yr. Avg July October January April NET CHNG %

July 4.91% 3.92% 2014 4.11% -1.81% 6.37% 7.31% 4.00%

October 3.18% 3.16% 2015 0.78% 8.07% 2.34% 4.44% 3.83%

January 4.95% 4.71% 2016 3.48% 5.26% 4.80% 2.77% 4.04%

April 3.30% 4.33% 2017 4.24% 2.68% 7.12% 1.83% 3.92%

Project using: 5-Yr. Avg. 2018 7.00% 1.61% 2.93% 5.31% 4.24%

Enter Actual Manual Estimate 2019 0.64% 3.16% 4.71% 4.33% 3.20%

July 3,159,957 -$ 2020 4.05%

October -$ 2021 4.05%

January -$ 2022 4.05%

April -$ 2023 4.06%

Estimated Payments (SD 100ES from allocation)


July 8.79% 5.34% 2014 3.56% -4.73% 94.56% -36.86% -3.35%

October 6.30% 1.69% 2015 -3.20% -5.70% -39.85% -4.07% -11.17%

January 13.10% 18.80% 2016 9.72% 15.80% 12.18% 47.51% 20.67%

April 7.42% -3.74% 2017 8.90% 0.76% 1.83% -16.35% -1.33%

Project using: 5-Yr. Avg. 2018 7.73% 2.34% 25.30% -8.91% 4.53%

Enter Actual Manual Estimate 2019 9.61% 1.69% 18.80% -3.74% 6.29%

July 632,051 -$ 2020 5.85%

October -$ 2021 6.29%

January -$ 2022 6.75%

April -$ 2023 7.22%

Payments with Returns (SD 100 from allocation)


July 1.02% 3.45% 2014 7.06% 25.61% 8.22% 10.78% 9.30%

October 7.38% 14.06% 2015 7.15% 22.56% -4.18% 3.30% 6.58%

January 17.42% 11.26% 2016 -0.13% -10.83% 15.32% 15.80% 3.43%

April 7.85% 7.53% 2017 0.27% 21.30% 19.45% -0.68% 3.53%

Project using: 5-Yr. Avg. 2018 2.93% 11.69% 17.50% 8.45% 6.54%


July 3,586,891 -$ 2020 6.11%

October -$ 2021 6.24%

January -$ 2022 6.37%

April -$ 2023 6.50%

Refunds from allocation


July 7.17% 5.08% 2014 15.93% 30.97% -31.71% 16.05% 13.18%

October -7.99% 2.75% 2015 -12.04% 6.73% 24.74% -13.95% -8.02%

January 26.27% 14.37% 2016 3.60% -9.18% 123.08% 21.60% 17.44%

April 18.01% 11.23% 2017 7.52% 5.71% -32.80% 53.87% 18.46%

Project using: 5-Yr. Avg. 2018 10.38% -20.50% -11.47% -21.44% -10.27%


July 400,116 -$ 2020 8.31%

October -$ 2021 8.44%

January -$ 2022 8.57%

April -$ 2023 8.70%

Inco

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Exhibit 3B—Detailed Look at Forecasted Income Tax Revenue—Growth Projections and Historical Changes

14

Actual Projected

2018 2019 2020 2021 2022 2023

Not Projected Based Upon Previous Fiscal Year

Growth Cap 1.030 1.030 1.030 1.030 1.030 1.030

Maximum Capped Amount 53,279,743 54,878,136 56,524,480 58,220,214 59,966,821 61,765,825

Total Formula Funding (Line N) 54,219,521 55,806,209 57,480,416 59,181,817 60,961,569 62,749,513

Unfunded Formula Above Cap $575,537 $43,022 $110,561 $41,816 $249,426 $42,546

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LINE 1.035--Unrestricted Grants-in-Aid (State Foundation).

Representing 46.8% of general fund revenue, Unrestricted Grants in Aid (a.k.a. State Foundation) is the most critical piece of funding for the District.

This is also the piece of the funding that is directly tied to the biennial budget. HB 49, the 2018-2019 biennium budget bill, was passed into law on

July 1, 2017—and it took effect September 29, 2017 (90 days after Governor Kasich singed the budget bill). Some major pieces of the bill include:

The current formula still relies heavily on the property valuation per pupil to calculate the state share of formula revenue. This local valuation per

pupil is compared to the state average valuation per pupil, and the ratio of these two figures becomes the Valuation Index. A similar calculation is

done which computes the ratio of the District’s Median Income to the State Median Income, and the resulting calculation is called the District Income

Index. But because the formula only uses the Income Index to help districts get more state funding, and doesn’t use the Income Index to reduce

funding due to increased local capacity, only the Valuation Index is used to drive PLSD’s state share. Consequently, the state share index (“SSI”) is

calculated to be about 59.67% in FY18 and FY19 (per HB49, the SSI is ‘frozen’ for the entire FY18-FY19 biennium). Moreover, it is appropriate to

note that the SSI is forecasted to increase to about 61.50% by FY23 (given the same funding formula parameters noted above, which are subject to

change with each biennium).

Moreover, another significant piece of the funding formula is Targeted Assistance. Because the calculation relies 50% on property valuation, this

funding source will add nearly $6.0MM-$6.75MM in funding to the formula for PLSD for both FY18 and FY19. By FY23, this funding is

anticipated to increase to about $8.995MM.

Annual enrollment also continues to be critical to forecasted state funding. Based on the District’s student population growth in FY19, it is important

to note that state funding is currently capped for the 18-19 school year (capped at generally a 3% overall increase from last year’s funding levels).

This is a change from the forecast in the Spring of 2018. The District is forecasting to be capped for each year of the forecast. Given that the State

Share Index is about 60%, and the per-pupil funding amounts as forecasted, the following is an illustration of the funding ‘loss’ generated by the

formula:

This is critical data that District management must closely monitor—data which affects all areas of operations (e.g., finances, capital planning,

staffing, etc.).

A more detailed look at State Aid follows in Exhibit 4:

15

1.035 - Unrestricted Grants-in-Aid Revenue Detail Note Pickerington Local School District

Percentage of Total Revenue: Actual Projected

46.8% 2018 2019 2020 2021 2022 2023

Not Projected Based Upon Previous Fiscal Year

Opportunity Grant Core Funding Per Pupil $6,010 $6,020 $6,050 $6,080 $6,111 $6,141

State Share of Core Funding 59.7% 59.7% 60.6% 60.6% 61.5% 61.5%

State Core Funding Per Pupil $3,587 $3,593 $3,666 $3,685 $3,758 $3,777

Formula ADM 10,381 10,542 10,617 10,773 10,854 11,006

Total Calculated Opportunity Grant Funding $37,233,732 $37,873,481 $38,922,997 $39,694,471 $40,791,723 41,568,707

District Adjustments -$2,101 $0 $0 $0 $0 $0

Opportunity Grant Funding $37,231,631 $37,873,481 $38,922,997 $39,694,471 $40,791,723 41,568,707

Targeted Assistance Wealth Based Targeted Assistance Funding $5,983,645 $6,675,350 $7,116,077 $7,797,068 $8,361,268 $8,995,017

Agricultural Target Assistance Supplemental $0 $0 $0 $0 $0 $0

Targeted Assistance Funding $5,983,645 $6,675,350 $7,116,077 $7,797,068 $8,361,268 $8,995,017

Special Education Funding $6,249,963 $5,955,664 $6,143,699 $6,241,562 $6,435,513 $6,538,337

K-3 Literacy Aid $623,375 $637,908 $647,084 $656,535 $666,155 $675,379

Limited English Proficiency Funding $240,331 $240,343 $244,050 $244,050 $247,682 $247,682

Gifted Education Funding $514,319 $521,022 $524,769 $532,644 $536,726 $544,357

Economic Disadvantaged Funding $197,957 $204,258 $205,700 $208,731 $210,302 $213,239

Transportation Funding $2,814,453 $2,813,132 $2,830,666 $2,886,971 $2,966,878 $3,025,653

Supplemental Transportation $0 $0 $0 $0 $0 $0

District Adjustments Impacting Calculated Funding (393)

Base Formula Funding $53,855,281 $54,921,158 $56,635,041 $58,262,031 $60,216,247 $61,808,372

Career Tech Weighted Funding 571,400 568,990 569,575 569,575 569,575 569,575

Career Tech Associated Services 27,684 27,353 27,454 27,454 27,454 27,454

Capacity Aid - - - - - -

Graduation Bonus 215,332 203,795 234,440 227,216 253,983 238,413

Third Grade Proficiency Bonus 125,362 127,935 124,468 137,359 143,737 148,246

Total Calculated Formula Funding $54,795,059 $55,849,231 $57,590,977 $59,223,634 $61,210,995 $62,792,059

Foundation Basis for Guarantee 52,026,022 $52,026,022 $54,657,768 $54,657,768 $57,413,093 $57,413,093

PY Adjusted Foundation Basis for "Cap" Calculations 51,727,906 $53,279,743 $54,878,136 $56,524,480 $58,220,214 $59,966,821

Guarantee % Based on the 2nd Year of the Prior Biennium 100% 100% 99% 98% 98% 98%Transitional Aid Guarantee $0 $0 $0 $0 $0 $0

FY14 Total ADM 10,262.23 Growth Cap 1.030 1.030 1.030 1.030 1.030 1.030

FY16 Total ADM 10,281.40 Maximum Capped Amount 53,279,743 54,878,136 56,524,480 58,220,214 59,966,821 61,765,825

FY17 Final Funding 52,591,408$ Total Formula Funding (Line N) 54,219,521 55,806,209 57,480,416 59,181,817 60,961,569 62,749,513

ADM % Change 0.19% Unfunded Formula Above Cap $575,537 $43,022 $110,561 $41,816 $249,426 $42,546

Additional Aid Items: Preschool 803,123 811,816 810,000 815,000 820,000 820,000

Special Education Transportation 404,138 404,138 410,000 410,000 410,000 410,000

Per Pupil, FY19: $52.00 Casino Funding 535,808 542,941 549,123 557,264 561,485 569,764

Prior Year SFPR Adjustments

2016-2018 TPP Hold Harmless -

Career Tech - Negative Adj to Restricted (599,085) (596,343) (597,028) (597,028) (597,028) (597,028)

Econ Disadvantaged - Negative Adj to Restricted (195,413) (204,067) (205,223) (208,553) (209,270) (213,065)

District, Prior Year Adjustments, etc. Prior Year SFPR 143,332 (32,430)

JV20 3317.027 Adj (3,795)


Total 55,315,323 55,307,630 56,732,264 58,447,288 60,158,500 61,946,756 63,739,183

Dollar Change over Prior year 2,347,662 1,424,634 1,715,024 1,711,212 1,788,256 1,792,427


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Exhibit 4—Detailed Look at State Aid

16

LINES 1.040 AND 1.045--Restricted Grants-in-Aid.

This funding is only forecasted to include the Career Technical funding received from the state and Economically Disadvantaged Funding (moved to

Restricted Funding by HB 59). While Restricted Grants in Aid are not a significant source of funding for the District in total (only about .8% of

overall general funding), the District, through a concerted effort to offer high quality Career Technical courses in the areas of Engineering and

Biomedical Science, has increased CTE funding to nearly $600,000 per year.

A more detailed look at Restricted Grants in Aid follows in Exhibit 5:


17

1.040 to 1.045 - Restricted Grants-in-Aid Pickerington Local School District

Revenue Detail Note



2018 2019 2020 2021 2022 2023

Projections are not Based Upon Previous Fiscal Year

1.040 - Restricted Grants-in-Aid

Career Tech - Adj from Unrestricted 599,085 596,343 597,028 597,028 597,028 597,028

Econ Disadvantaged - Adj from Unrestricted 195,413 204,067 205,223 208,553 209,270 213,065

Catastrophic Aid Pmt. 193,926 145,000 145,000 145,000 145,000 145,000

Note 2 - - - - - -


Total [1.040] 990,512 992,160 947,058 947,251 950,581 951,298 955,094


Total [1.040 to 1.045] 992,160 947,058 947,251 950,581 951,298 955,094

Dollar Change over Prior year (204,510) (45,102) 193 3,330 717 3,796

Percentage Change over Prior Year -17.09% -4.55% 0.02% 0.35% 0.08% 0.40%

2013 548,680

2014 259,606 (289,074) -52.69%

2015 926,404 666,798 256.85%

2016 194,845 (731,559) -78.97%

2017 1,196,670 1,001,825 514.17%

2018 990,512 (206,158) -17.23%

2019 947,058 (43,454) -4.39%

2020 947,251 193 0.02%

2021 950,581 3,330 0.35%

2022 951,298 717 0.08%

2023 955,094 3,796 0.40%1

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-$1,000,000

-$800,000

-$600,000

-$400,000

-$200,000

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Year-Over-Year Dollar Change in Revenue Line

Exhibit 5—Detailed Look at Restricted Grants in Aid

18

LINE 1.050--Property Tax Allocation.

This category includes State reimbursements for property tax rollbacks and homestead exemptions, and comprises about 3.80% of total general fund

revenue.

In the past, this revenue line also included the business tangible personal property reimbursement payments to District as a way to hold them

harmless from the effects of eliminating business TPP from local tax duplicates (see line 1.020). However, because TPP ‘hold-harmless’ payments

accounted for less than 2% of total resources for the District (defined by HB 153 as less than 2% of state aid and local property tax revenue), TPP

hold-harmless payments were phased out for the District.

This revenue line now includes only those reimbursements from the state of the 12.5% property tax credit provided to local homeowners.

Additionally, because all of the District’s current expense levies were in place prior to November of 2013, and are continuing in nature, the HB59

limitation on applying the 10% and 2.5% tax credits to new or replacement levies passed on or after November of 2013 will not affect the rollback

reimbursements currently collected by the District. However, it should be noted that for any future levies that the District might seek, these rollbacks

will not apply.

Exhibit 6, which shows a more detailed look at this revenue line, follows.


19

1.050 - Property Tax Allocation Pickerington Local School District

Revenue Detail Note



2018 2019 2020 2021 2022 2023


Rollback and Homestead 10% Rollback Total Dollars 3,346,745 3,396,681 3,455,817 3,516,678 3,568,802 3,633,282

2.5% Residential Rollback Total Dollars 685,181 697,004 709,139 721,628 732,324 745,555

Homestead Total Dollars 516,095 511,928 520,841 530,014 537,869 547,587

Adjustments (770) 5,081 - - - -

Renewal Levy Reservation - - - - -

Total Rollback and Homestead 4,547,251 4,610,695 4,685,797 4,768,320 4,838,995 4,926,425

Adjustment for Current Cash Flow Trend: 7,316

Total 4,547,251 4,554,567 4,610,695 4,685,797 4,768,320 4,838,995 4,926,425



2013 4,374,175

2014 4,398,940 24,765 0.57%

2015 4,414,914 15,974 0.36%

2016 4,458,194 43,280 0.98%

2017 4,498,884 40,690 0.91%

2018 4,547,251 48,367 1.08%

2019 4,610,695 63,444 1.40%

2020 4,685,797 75,102 1.63%

2021 4,768,320 82,523 1.76%

2022 4,838,995 70,675 1.48%

2023 4,926,425 87,430 1.81%1

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$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

$90,000

$100,000

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023


Exhibit 6—Detailed Look at Property Tax Allocation

20

LINE 1.060--All Other Revenues.

This category mostly includes tuition payments made to PLSD for special education students attending the District, TIF payments, interest on

investments, and Medicaid School Provider payments. This revenue line only accounts for about 2.2% of total general fund revenue, but based on

the rebound of interest rates and an aggressive investment strategy by the District, investment income has nearly tripled over the last 3 fiscal years.

Moreover, the District has taken an active approach in BOR cases, which has resulted in various PILOT (payment in lieu of taxes) arrangements with

various businesses.

A more detailed look at All Other Revenues follows in Exhibits 7A, 7B, 7C and 7D:


21

1.060 - All Other Operating Revenues Pickerington Local School District

Revenue Detail Note



2018 2019 2020 2021 2022 2023

Actual Amount Received in Prior Year: 1,541,798 2,597,545 2,264,505 1,980,246 1,808,387 1,681,102

Note 1 - Tuition Related Revenue 592,354 (232,829) (50,041) 2,957 2,972 2,987

Note 2 - Fee Based Revenue 3,426 (6,552) 51 51 51 51

Note 3 - Other Operating Revenue 459,969 (93,660) (234,269) (174,867) (130,307) (96,881)


Total 2,597,545 2,597,546 2,264,505 1,980,246 1,808,387 1,681,102 1,587,259

Dollar Change over Prior year 1,055,748 (333,041) (284,259) (171,859) (127,285) (93,843)

Percentage Change over Prior Year 68.48% -12.82% -12.55% -8.68% -7.04% -5.58%

2013 1,002,880

2014 899,811 (103,069) -10.28%

2015 939,489 39,678 4.41%

2016 1,378,335 438,846 46.71%

2017 1,541,798 163,463 11.86%

2018 2,597,545 1,055,747 68.48%

2019 2,264,505 (333,040) -12.82%

2020 1,980,246 (284,259) -12.55%

2021 1,808,387 (171,859) -8.68%

2022 1,681,102 (127,285) -7.04%

2023 1,587,259 (93,843) -5.58%

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-$400,000

-$200,000

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Year-Over-Year Dollar Change in Revenue Line

Exhibit 7A—Detailed Look at All Other Revenues

22


Note 1

Name of Revenue to be Presented

Tuition Related Revenue

Description 2017 2018 2019 2020 2021 2022 2023

1221 - SF14 Tuition 127,208 452,445 321,525 276,375 277,757 279,146 280,541

% Change from prior year -42.4% 255.7% -28.9% -14.0% 0.5% 0.5% 0.5%

1223 - SF14H 85,661 294,874 189,499 183,956 184,876 185,800 186,729

% Change from prior year -62.4% 244.2% -35.7% -2.9% 0.5% 0.5% 0.5%

1223 - Excess Cost Revenue 114,531 127,183 130,000 130,000 130,000 130,000 130,000

% Change from prior year 0.0% 11.0% 2.2% 0.0% 0.0% 0.0% 0.0%

1219/1290 Other Tuition (PreSchool) 84,509 129,761 130,410 131,062 131,717 132,376 133,038


Other Misc. Tuition


Total Operating Revenues 1,541,798 2,597,545 2,264,505 1,980,246 1,808,387 1,681,102 1,587,259

Total Tuition Related Revenue 411,910 1,004,263 771,434 721,393 724,350 727,322 730,308

Total for Detailed Note 1 592,354 -232,829 -50,041 2,957 2,972 2,987

Total Tuition Related Revenue 100% 100% 100% 100% 100% 100%

Tuition Related Revenue as a % of Total rating Revenues 39% 34% 36% 40% 43% 43%

Annual Change in Tuition Related Revenue

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0%

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40%

60%

80%

100%

120%

2018 2019 2020 2021 2022 2023

Tuition Related Revenue as a % of Total rating Revenues

Total Operating Revenues Tuition Related Revenue

-300,000

-200,000

-100,000

0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

2018 2019 2020 2021 2022 2023

Annual Change in Tuition Related Revenue


0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

2017 2018 2019 2020 2021 2022 2023


1221 - SF14 Tuition 1223 - SF14H 1223 - Excess Cost Revenue 1219/1290 Other Tuition (PreSchool) Other Misc. Tuition

Exhibit 7B—Detailed Look at Tuition Related Revenue

23


Note 2


Fee Based Revenue

Description 2017 2018 2019 2020 2021 2022 2023

1810/1860 - Rental Fees, Fines 1,308 1,647

% Change from prior year -443.2% 25.9% -100.0% 0.0% 0.0% 0.0% 0.0%

1820 - Donations 900

% Change from prior year -10.0% -100.0% 0.0% 0.0% 0.0% 0.0% 0.0%

1832 Pmts. From Other Schools


1850 - Commissions


1890 - Other Misc. Receipts 11,018 15,005 10,100 10,151 10,202 10,253 10,304



Total Fee Based Revenue 13,226 16,652 10,100 10,151 10,202 10,253 10,304

Total for Detailed Note 2 3,426 -6,552 51 51 51 51

Total Operating Revenues 100% 100% 100% 100% 100% 100%

Fee Based Revenue as a % of Total Operating Revenues 1% 0% 1% 1% 1% 1%

Annual Change in Fee Based Revenue

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2,000

4,000

2018 2019 2020 2021 2022 2023

Annual Change in Fee Based Revenue

Fee Based Revenue

1% 0% 1% 1% 1% 1%0%

20%

40%

60%

80%

100%

120%

2018 2019 2020 2021 2022 2023

Fee Based Revenue as a % of Total Operating Revenues

Total Operating Revenues Fee Based Revenue

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

2017 2018 2019 2020 2021 2022 2023

Fee Based Revenue

1810/1860 - Rental Fees, Fines 1820 - Donations 1832 Pmts. From Other Schools 1850 - Commissions 1890 - Other Misc. Receipts

Exhibit 7C—Detailed Look at Fee Based Revenue

24


Note 3


Other Operating Revenue

Description 2017 2018 2019 2020 2021 2022 2023

1410 - Interest Income 599,887 867,372 950,000 712,500 534,375 400,781 300,586

% Change from prior year 119.1% 44.6% 9.5% -25.0% -25.0% -25.0% -25.0%

1880 - TIF/PILOT Revenues 118,311 366,528 119,497 120,095 120,695 121,299 121,905

% Change from prior year 28.4% 209.8% -67.4% 0.5% 0.5% 0.5% 0.5%

4220 - Medicaid Reimbursement 372,777 305,726 375,729 377,608 379,496 381,393 383,300


1490 - SDIT Interest Income 25,687 37,004 37,744 38,499 39,269 40,054 40,855



Total Other Operating Revenue 1,116,661 1,576,630 1,482,970 1,248,701 1,073,835 943,527 846,646

Total for Detailed Note 3 459,969 -93,660 -234,269 -174,867 -130,307 -96,881

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Exhibit 7D—Detailed Look at Other Operating Revenue

25

EXPENDITURES

LINE 3.010--Personnel Services.

Calculations for Personnel Services (salaries and wages) are based on actual historical expenditures, current staffing levels, forecasted staffing levels,

and approved salary schedules and contracts with the Pickerington Education Association (PEA) and the Pickerington Support Staff Association

(PSSA). Expenditures for salaries currently comprise about 56.1% of all general fund expenses.

For FY18 and forward, increased technology demands; a need to increase offerings in the Arts and Music; a need to add student supports to meet

diverse learning needs; a need for additional administrative staffing at the Junior High and Middle School levels; and population growth have driven

the following staffing changes:

Technology: +1.0 FTE Systems Analyst FY18; +2.0 FTE Technology Coordinators FY18; +1.0 FTE Network Admin FY19

Additional Programming: +1.0 FTE Computer Science Teacher JH Level FY18; +2.5 General Music Teachers Elementary School FY18; +1 Art

Teacher FY18; +.5 Arts Coordinator FY18; +.50 FTE Tech Teacher Elementary Level FY19; +1.5 FTE Music Teacher FY19; +1.0 FTE Computer

Science Teacher JH Level FY19; +1.0 FTE Science/SS Coach FY20; +1.0 FTE Science/SS Coach FY21; +1.0 FTE PLTW Teacher FY21

Student Population Growth: + 1.0 FTE Gr. 6 Harmon FY18; +1.0 FTE Elementary Teacher at Violet FY18; +.50 FTE KLIP Teacher at Tussing

FY18; +3.0-6.0 FTE in FY19 for K-6 growth; +3.0 FTE for FY20-FY22 for overall student growth; +3.0 FTE Intervention Specialists for MD Unit

Growth FY19; +5.0 FTE Paras for MD Support FY19

Student Supports for Subgroups: +2.0 FTE Inclusion Teachers FY19-FY21; +3.0 FTE Paras Inclusion Support FY19; +1.0 FTE Special Ed Coach

FY19; +1.0 FTE EL Coach FY19; +.50 FTE KLIP Teacher at Tussing FY19; +.50 FTE Para for KLIP at Tussing FY19; +.50 FTE Gifted Coach

FY20; +1.0 FTE Pyschologist FY19; +1.0 FTE Pyschologist FY20

Student Health/Wellness Needs: +1.0 FTE Nurse FY18; +1.0 FTE Social Worker FY19

Administrative: +2.0 FTE Admins FY18 (1.0 FTE MS Admin; 1.0 FTE JH [Admin split .50 FTE per Lakeview and Ridgeview JH])

In May of 2018, the PEA and the Board agreed to a new collective bargaining agreement that will run from July 1, 2018 to June 30, 2021. The PEA

agreed to a base wage increase of 2.50% for FY19; and 2.0% for both FY20 and FY21. Insurance splits did not change (80% Board-20% employee).

The contract with the PSSA runs from July 1, 2017 through June 30, 2020. The parties negotiated base wage increases of 2.25% in FY18; 2.25% in

FY19; and 1.50% for FY20. Like the PEA agreement, the PSSA agreement contains a provision whereby health insurance premiums are split 80%-

20%. But the PSSA agreement also provides a high deductible health plan option that has an 85%-15% split of premiums.

The forecast also continues to assume wage inflation (comprised as step and base increases, whether negotiated or not) as follows on the next page:

26

Negotiations, Steps, & Other Note 1

Allocation of Prior Year Salary Expenditures 2018 2019 2020 2021 2022 2023

Certified 72.81% 72.62% 72.52% 72.50% 72.39% 72.28%

Classified 12.91% 13.00% 13.01% 13.02% 13.07% 13.12%

Administrative 9.81% 9.97% 10.06% 10.07% 10.11% 10.15%

OT/Subs/Severance 3.41% 3.37% 3.37% 3.37% 3.39% 3.40%

Supplementals 1.05% 1.04% 1.04% 1.04% 1.04% 1.05%

Other 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Total Percentage (should = 100%) 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Annual Salary Total 61,825,707 65,584,805 69,376,218 72,282,698 75,169,349 78,066,527

Estimated Certified Annual Salary 45,018,079 47,626,178 50,312,105 52,404,466 54,416,297 56,428,630

Annual Percentage for Experience Steps 2.03% 2.03% 2.03% 2.03% 2.03% 2.03%

Annual Percentage for Degree Change 0.40% 0.40% 0.40% 0.40% 0.40% 0.40%

Annual Percentage Change for Negotiations 2.25% 2.50% 2.00% 2.00% 2.25% 2.25%

Annual Percentage Change for Merit Pay 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Total Percentage Change 4.68% 4.93% 4.43% 4.43% 4.68% 4.68%

Dollar Change due to Percentage Change 2,106,846 2,347,971 2,228,826 2,321,518 2,546,683 2,640,860

Other Dollar Change

Total Dollar Change Certified 2,106,846 2,347,971 2,228,826 2,321,518 2,546,683 2,640,860

Estimated Classified Annual Salary 7,982,317 8,529,113 9,024,787 9,410,184 9,824,316 10,243,194

Annual % Blended Allocation Classified 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%

Annual % Blended Allocation Exempted 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%




Dollar Change due to Percentage Change 339,248 362,487 315,868 399,933 417,533 435,336

Other Dollar Change

Total Dollar Change Classified 339,248 362,487 315,868 399,933 417,533 435,336

Estimated Administrative Annual Salary 6,067,018 6,538,392 6,980,185 7,278,269 7,598,578 7,922,558

Annual Percentage for Experience Steps 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Annual Percentage for Degree Change 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%





Other Dollar Change

Total Dollar Change Administrative 151,675 163,460 174,505 181,957 189,964 198,064

Estimated Annual Amount for OT/Subs/Severance 2,109,369 2,210,949 2,339,439 2,439,344 2,546,696 2,655,280

Annual Percentage Change 2.50% 2.50% 2.50% 2.50% 2.50% 2.50%


Other Dollar Change

Total Dollar Change OT/Subs/Severance 52,734 55,274 58,486 60,984 63,667 66,382

Estimated Annual Amount for Supplementals 648,799 680,043 719,564 750,292 783,312 816,710

Annual Percentage Change 0.72% 0.72% 0.72% 0.72% 0.72% 0.72%


Other Dollar Change

Total Dollar Change Supplementals 4,671 4,896 5,181 5,402 5,640 5,880

Annual Change in All Groups 2,655,176$ 2,934,088$ 2,782,865$ 2,969,793$ 3,223,488$ 3,346,522$

How much of this change is allocated to the current Year? 86.00% 86.00% 86.00% 86.00% 86.00% 86.00%

Dollar Increase from Current Year's Changes 2,283,451$ 2,523,315$ 2,393,264$ 2,554,022$ 2,772,200$ 2,878,009$

Dollar Increases from Previous Year's Changes 417,330 371,725$ 410,772$ 389,601$ 415,771$ 451,288$

Total for Detailed Note 1 - FTE Change 2,700,781 2,895,040 2,804,036 2,943,623 3,187,971 3,329,297 3.01

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27

3.010 - Personnel Services Pickerington Local School District

Projected Changes in FTE and Average Salary Note 3

2018 2019 2020 2021 2022 2023

Certified - Teachers

% of Avg Salary Average Salary 73,003$ 76,602$ 79,995$ 83,539$ 87,448$ 91,541$

125.00% FTE + or (-) Change > > (12.0) (12.0) (12.0) (12.0) (12.0) (12.0)

100.00% FTE + or (-) Change > > 0.0 0.0 0.0 0.0 0.0 0.0

75.00% FTE + or (-) Change > > 24.5 28.5 18.5 19.0 15.0 15.0

Total Change (Avg Sal X % Avg Sal X FTE Chg 246,384$ 488,335$ (89,994)$ (62,654)$ (327,931)$ (343,279)$

Certified - Other Professionals


125.00% FTE + or (-) Change > > 0.0 0.0 0.0 0.0 0.0 0.0

100.00% FTE + or (-) Change > > 0.0 0.0 0.0 0.0 0.0 0.0

75.00% FTE + or (-) Change > > 0.0 0.0 0.0 0.0 0.0 0.0

Total Annual Dollar Change for Position Group -$ -$ -$ -$ -$ -$

Administration


125.00% FTE + or (-) Change > > 0.0 0.0 0.0 0.0 0.0 0.0

100.00% FTE + or (-) Change > > 0.0 0.0 0.0 0.0 0.0 0.0

75.00% FTE + or (-) Change > > 6.0 3.0 1.0 0.0 0.0 0.0

Total Annual Dollar Change for Position Group 387,917$ 198,808$ 67,926$ -$ -$ -$

Classified - Maint./Cust./Mech.


125.00% FTE + or (-) Change > > 0.0 0.0 0.0 0.0 0.0 0.0

100.00% FTE + or (-) Change > > 0.0 0.0 0.0 0.0 0.0 0.0

75.00% FTE + or (-) Change > > 0.0 0.0 0.0 0.0 0.0 0.0


Classified - Clerical


125.00% FTE + or (-) Change > > (1.0) 0.0 0.0 0.0 0.0 0.0

100.00% FTE + or (-) Change > > (0.5) 0.0 0.0 0.0 0.0 0.0

75.00% FTE + or (-) Change > > 0.0 0.0 0.0 0.0 0.0 0.0

Total Annual Dollar Change for Position Group (65,289)$ -$ -$ -$ -$ -$

Classified - Aides/Paras


125.00% FTE + or (-) Change > > 0.0 0.0 0.0 0.0 0.0 0.0

100.00% FTE + or (-) Change > > 0.0 0.0 0.0 0.0 0.0 0.0

75.00% FTE + or (-) Change > > 0.0 8.5 0.0 0.0 0.0 0.0

Total Annual Dollar Change for Position Group -$ 180,158$ -$ -$ -$ -$

Class.-Att. Off., Duty Aide, LPN


0.00% FTE + or (-) Change > > 0.0 0.0 0.0 0.0 0.0 0.0

0.00% FTE + or (-) Change > > 0.0 0.0 0.0 0.0 0.0 0.0

0.00% FTE + or (-) Change > > 0.0 0.0 0.0 0.0 0.0 0.0


Food Service--Informational Only

% of Avg Salary Average Salary -$ -$ -$ -$ -$ -$

125.00% FTE + or (-) Change > > 0.0 0.0 0.0 0.0 0.0 0.0

100.00% FTE + or (-) Change > > 0.0 0.0 0.0 0.0 0.0 0.0

75.00% FTE + or (-) Change > > 0.0 0.0 0.0 0.0 0.0 0.0


Annual Change in All Groups 569,012$ 867,300$ (22,068)$ (62,654)$ (327,931)$ (343,279)$

How much of this change is allocated to the current Year? 86.00% 86.00% 86.00% 86.00% 86.00% 86.00%

Dollar Increase from Current Year's Changes 489,350$ 745,878$ (18,979)$ (53,883)$ (282,021)$ (295,220)$

Dollar Increases from Previous Year's Changes 151,046 79,662$ 121,422$ (3,090)$ (8,772)$ (45,910)$

Total for Detailed Note 1 - FTE Change 640,396$ 825,540$ 102,443$ (56,972)$ (290,793)$ (341,130)$ 3.010

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The forecast assumes the following overall changes in FTE as well:

28


Historical and Projected FTE & Average Salaries Note 2

Historical >>> 2012 2013 2014 2015 2016 2017

All Funds per ODE EMIS Certified 642.21 651.63 682.33 706.92 703.50 736.65

Classified 259.17 252.60 261.90 280.88 287.47 311.16

Total 901.38 904.23 944.23 987.80 990.97 1,047.81

Net Change 2.85 40.00 43.57 3.17 56.84

2018 2019 2020 2021 2022 2023

Avg Salary << 2018

73,003$ Certified - Teachers 660.06 676.56 683.06 690.06 693.06 696.06

78,100$ Certified - Other Professionals 27.00 27.00 27.00 27.00 27.00 27.00

86,204$ Administration 76.19 79.19 80.19 80.19 80.19 80.19

42,498$ Classified - Maint./Cust./Mech. 82.27 82.27 82.27 82.27 82.27 82.27

37,308$ Classified - Clerical 58.06 58.06 58.06 58.06 58.06 58.06

27,108$ Classified - Aides/Paras 79.28 87.78 87.78 87.78 87.78 87.78

20,911$ Class.-Att. Off., Duty Aide, LPN 43.28 43.28 43.28 43.28 43.28 43.28

-$ Food Service--Informational Only 45.64 45.64 45.64 45.64 45.64 45.64

Net FTE All Funds 1,071.78 1,099.78 1,107.28 1,114.28 1,117.28 1,120.28

Certified Not Classified Above

Classified Not Included Above

Net FTE All Funds 1,071.78 1,099.78 1,107.28 1,114.28 1,117.28 1,120.28

Certified 763.25 782.75 790.25 797.25 800.25 803.25

Classified 308.53 317.03 317.03 317.03 317.03 317.03

Total 1,071.78 1,099.78 1,107.28 1,114.28 1,117.28 1,120.28

Net Change 23.97 28.00 7.50 7.00 3.00 3.00

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The following chart shows historical and projected FTE levels:

**Note: Beginning in FY17, this tool is also used to track federally funded staff instead of just local staff. To reconcile the difference between FY16 and FY17 in total FTE for the

general fund only, subtract 30.0 FTE staff members who are federally funded. I.E., FY17 total FTE with federal funds is 1,047.81. Subtract out 30.0 FTE federal staff FTE to get a net

General Fund FTE for FY17 of 1,017.81. Net change in general fund FTE from FY16 to FY17 is therefore 26.84 FTE. Additionally, beginning in FY17, food service staff pulled out

into its own group—no effect on general fund finances due to food service being paid from fund 006.

29

A detailed look at the changes in wage inflation and FTEs, and how these factors affect overall personnel wages, follows in Exhibit 8.


30


Expenditure Detail Note

Percentage of Total Expenditures:


2018 2019 2020 2021 2022 2023

Actual Amount Expended in Prior Year: 63,032,847 65,584,805 69,376,218 72,282,698 75,169,349 78,066,527

One-Time Adjustments to Prior Year Basis

Tchr. Stipends -1207140

Budget Modeling - - - - -

Net Basis to be Used for Current and Subsequent Forecasted Amount: 61,825,707 65,584,805 69,376,218 72,282,698 75,169,349 78,066,527

Note 1 Negotiations, Steps, Etc 2,700,781 2,895,040 2,804,036 2,943,623 3,187,971 3,329,297

Total Annual Salary Change 2,700,781 2,895,040 2,804,036 2,943,623 3,187,971 3,329,297

Ongoing Adjustments to Current & Subsequent Years

PCS becoming alternative school; personnel costs added 354,167 70,833

Note 3 Changes in FTE & Avg. Salary 640,396 825,540 102,443 (56,972) (290,793) (341,130)

Adjust for Prior Year Actual and Current Year Cash Flow 64,815

Total 65,584,805 65,585,865 69,376,218 72,282,698 75,169,349 78,066,527 81,054,694



2013 ##########

2014 ########## 2,972,773 5.88%

2015 ########## 2,891,301 5.40%

2016 ########## 1,382,214 2.45%

2017 ########## 5,189,393 8.97%

2018 ########## 2,551,958 4.05%

2019 ########## 3,791,413 5.78%

2020 ########## 2,906,480 4.19%

2021 ########## 2,886,651 3.99%

2022 ########## 2,897,178 3.85%

2023 ########## 2,988,167 3.83%

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$3,000,000

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$5,000,000

$6,000,000

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Year-Over-Year Dollar Change in Expenditure Line

Exhibit 8—Detailed Look at Personnel Services

31

LINE 3.020--Employees’ Retirement/Insurance Benefits.

This line item is based on the negotiated agreement with the PEA and PSSA, employee benefit plans and Board policy. Representing 20.7% of

general fund expenses, this category includes retirement system contributions, Medicare, medical/dental/life insurance, workers’ compensation,

School Employees Retirement System surcharge, and unemployment compensation.

As noted in the note on Personnel Services/Salaries (Line 3.010), the PLSD Board of Education completed negotiations with the PEA in May of

2018, and the PSSA in the spring of 2017. The new PEA agreement is effective July 1, 2018, and runs through June 30, 2021. The PSSA agreement

runs through June 30, 2020.

During the most recent negotiations with the PEA in May of 2018, minor changes to the plan were enacted to help to offset some claims costs.

However, even with those changes, the forecasted increase for health care premiums for the 2018-2019 school year is 10.1%. For each year

thereafter in the forecast, the increase is 8.50% per year.

Based on increased staffing projections noted in Line 3.010, the District is forecasting increased costs for salary driven fringes. Every school must

pay an additional 14% in STRS/SERS contributions for each $1 paid to an employee. Additionally, the Board share of Medicare is 1.45%, and

Worker’s Compensation is about an additional .5%. In all, every $1 paid to an employee results in an additional $.16 paid in salary driven fringes.

Hence, new employees add additional benefit costs.

Finally, additional employees also typically generate increased enrollment in the health care plan. With the Board paying 80% of premium costs,

added staffing also adds to health care costs in the form of more premium volume. Along with the 8.50% increase in premium costs each year of the

forecast, the added staffing is forecasted to substantially increase the cost of health care for the District in future years.

Future enrollment trends are forecasted as follows:

2018-2019: 824 employees (increase of about 16 employees over 2017-2018)




2022-2023: 836 employees (no change)

Finally, the Cadillac Tax, as enacted by the Patient Protection and Affordable Care Act, has again been delayed by Congress until 2022. This trend

will always need to be monitored as the 40% Excise Tax associated with it would be devastating to the District.

32

A more detailed look at Retirement/Insurance Benefit costs follows in Exhibits 9A—9E:


33

3.020 - Employees' Retirement/Insurance Benefits Pickerington Local School District




2018 2019 2020 2021 2022 2023



Net Basis to be Used for Current Year Forecasted Amount: 22,170,099 24,178,991 26,212,772 28,030,005 29,879,954 31,804,708

Detail (Note 1) Modeling of Projected Insurance Financial Changes

From Note 1:

Dollar Adjustment to Prior Year Cost from Note 1 Census Detail 1,554,369 1,347,006 1,305,838 1,342,043 1,414,995 1,496,904

Detail (Note 1) Modeling of Salary-based Fringe Benefit Changes

From Note 1: Salary-based Fringe Benefits Percentage 17.6% 17.6% 17.6% 17.6% 17.6% 17.6%

Dollar Amount from Projected Changes in Salaries (Note 3.01) 454,555 686,775 511,395 507,906 509,758 525,768

Adjustment for Current Cash Flow Trend: 1,041

Total 24,178,991 24,180,064 26,212,772 28,030,005 29,879,954 31,804,708 33,827,380



2013 ##########

2014 ########## 1,253,383 6.40%

2015 ########## 527,852 2.53%

2016 ########## 1,081,862 5.07%

2017 ########## (270,315) -1.20%

2018 ########## 2,008,892 9.06%

2019 ########## 2,033,781 8.41%

2020 ########## 1,817,233 6.93%

2021 ########## 1,849,949 6.60%

2022 ########## 1,924,754 6.44%

2023 ########## 2,022,672 6.36%

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Exhibit 9A—Detailed Look at Retirement/Insurance Benefits

34


Salary Based Fringe Benefits Note 1

Salary Based Fringe Benefits

Description 2017 2018 2019 2020 2021 2022 2023

Change in Fringe Benefits due to Salary Changes:

% of Salary for:

Retirement 15.33% 14.00% 14.00% 14.00% 14.00% 14.00% 14.00%

W/C 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%

Board Paid Retirement 0.77% 0.77% 0.79% 0.79% 0.80% 0.80% 0.80%

Medicare 1.45% 1.56% 1.59% 1.59% 1.59% 1.59% 1.59%

Other 0.00% 1.23% 1.21% 1.21% 1.20% 1.20% 1.20%

Total Fringes as % of Salary 17.56% 17.57% 17.60% 17.60% 17.60% 17.60% 17.60%

Annual Cost of Fringe Benefits 11,065,416 11,519,971 12,206,746 12,718,141 13,226,047 13,735,805 14,261,573

To Detail Note:

Annual Change in Fringe Benefits 454,555 686,775 511,395 507,906 509,758 525,768

Annual Insurance Cost By Plan Type

2017 2018 2019 2020 2021 2022 2023

Total Medical 11,519,942 12,232,819 13,710,152 14,981,566 16,336,144 17,761,521 19,271,250

Total Rx - - - - - - -

Total Dental 547,812 557,345 551,772 552,897 554,044 555,215 556,408

Total Vision - - - - - - -

Total Life 58,136 57,408 57,720 57,772 57,980 58,240 58,240

Total Other - - - - - - -

Total All Plans 12,125,890 12,847,573 14,319,644 15,592,235 16,948,168 18,374,976 19,885,899

Adjustments to Calculated Premium

"Premium Holiday" 2017 2018 2019 2020 2021 2022 2023

# of Months 1

Plan Type: Medical (959,995)$ -$ -$ -$ -$ -$ -$

Net Premium Holiday Savings (959,995) - - - - - -

estimates in cells AF above. Net Premium Holiday Savings - - - - - - -

2. Consider adjusting forecast (959,995) - - - - - -

2017 2018 2019 2020 2021 2022 2023

Adjusted Annual Premium 11,165,895 12,847,573 14,319,644 15,592,235 16,948,168 18,374,976 19,885,899

Year-Over-Year Change 1,681,677 1,472,071 1,272,591 1,355,933 1,426,808 1,510,923

Year-Over-Year % Change 15.1% 11.5% 8.9% 8.7% 8.4% 8.2%

Annual Change in Premium W/O Premium Holiday 721,682 1,472,071 1,272,591 1,355,933 1,426,808 1,510,923

% of Change allocated to the current Year? 83.33% 83.33% 83.33% 83.33% 83.33% 83.33%

Dollar Increase from Current Year's Changes 1,561,397$ 1,226,726$ 1,060,493$ 1,129,944$ 1,189,006$ 1,259,103$

Dollar Amount (+ or -)from Previous Year's Changes (7,028) 120,280$ 245,345$ 212,099$ 225,989$ 237,801$

Other Changes & Adjustments

Total Adjustment of Prior Year Cost to Detail Note 1,554,369 1,347,006 1,305,838 1,342,043 1,414,995 1,496,904 3.0

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Exhibit 9B—Detailed Look at Retirement/Insurance Benefits—Salary Based Fringes and Annual Insurance Costs

by Plan

35


FTE-based Insurance Benefits Note 2

Enter number of General Fund Plans Insurance Enrollment (Census) and Cost

2017 2018 2019 2020 2021 2022 2023

Plan Description Actual Actual Insurance Census by Plan Projections

Blue Access PPO Plan A Single 1.0 FTE 210 224 231 233 234 235 235

Blue Access PPO Plan A Family 1.0 FTE 557 559 568 572 575 576 576

Blue Access PPO Plan A-Non Admin Single Cert .7 FTE - - - - - - -

Blue Access PPO Plan A-Non Admin Family Cert .7 FTE - - - - - - -




Blue Access PPO Plan A-Non Admin Family Cert .60 FTE

Blue Access PPO Plan A-Non Admin Single Cert .50 FTE 1 1 1 1 1 1

Blue Access PPO Plan A-Non Admin Family Cert .50 FTE 1 3 3 3 3 3 3

Blue Access PPO Plan A-Non Admin Single Class up to .75 FTE 4 3 3 3 3 3 3

Blue Access PPO Plan A-Non Admin Family Class up to .75 FTE 7 5 5 5 5 5 5

Blue Access PPO Plan A-Non Admin Single Class up to .5625 FTE 3 - - - - - -

Blue Access PPO Plan A-Non Admin Family Class up to .5625 FTE 2 2 2 2 2 2 2

Blue Access PPO Plan A-Non Admin Single Class up to .375 FTE 4 1 1 1 1 1 1

Blue Access PPO Plan A-Non Admin Family Class up to .375 FTE - - - - - - -

Lumenos HDHP Single Admin

Lumenos HDHP Family Admin

Lumenos HDHP Single Classified 5 5 5 5 5 5

Lumenos HDHP Family Classified 3 5 5 5 5 5 5

Life Insurance 1,118 1,104 1,110 1,111 1,115 1,120 1,120

Delta Dental Admins 57 69 69 69 69 69 69

Delta Dental Non-Admins 760 770 770 770 770 770 770

Delta Dental Other Blended 16 - - - - - -

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Exhibit 9C—Detailed Look at Retirement/Insurance Benefits—Forecasted Number of Plan Participants

36

2017 2018 2019 2020 2021 2022 2023

Plan Description Board Actual $ Projected Plan Rates - ANNUAL Premium

Blue Access PPO Plan A Single 1.0 FTE 7,612$ 7,955$ 8,758$ 9,503$ 10,310$ 11,187$ 12,137$

Blue Access PPO Plan A Family 1.0 FTE 17,432$ 18,217$ 20,057$ 21,762$ 23,611$ 25,618$ 27,796$

Blue Access PPO Plan A-Non Admin Single Cert .7 FTE 5,330$ 5,570$ 6,133$ 6,654$ 7,220$ 7,833$ 8,499$

Blue Access PPO Plan A-Non Admin Family Cert .7 FTE 12,207$ 12,756$ 14,044$ 15,238$ 16,533$ 17,939$ 19,463$







Blue Access PPO Plan A-Non Admin Single Class up to .75 FTE 5,711$ 5,968$ 6,570$ 7,129$ 7,735$ 8,392$ 9,106$

Blue Access PPO Plan A-Non Admin Family Class up to .75 FTE 13,077$ 13,666$ 15,046$ 16,325$ 17,713$ 19,218$ 20,852$





Lumenos HDHP Single Admin 7,113$ 7,433$ 8,184$ 8,879$ 9,634$ 10,453$ 11,341$

Lumenos HDHP Family Admin 16,289$ 17,022$ 18,741$ 20,334$ 22,063$ 23,938$ 25,973$

Lumenos HDHP Single Classified 7,565$ 7,906$ 8,704$ 9,444$ 10,247$ 11,118$ 12,063$

Lumenos HDHP Family Classified 17,303$ 18,081$ 19,907$ 21,600$ 23,436$ 25,428$ 27,589$

Life Insurance 52$ 52$ 52$ 52$ 52$ 52$ 52$

Delta Dental Admins 823$ 823$ 815$ 831$ 848$ 865$ 882$

Delta Dental Non-Admins 650$ 650$ 644$ 644$ 644$ 644$ 644$

Delta Dental Other Blended 428$ 428$ 428$ 428$ 428$ 428$ 428$

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Exhibit 9D—Detailed Look at Retirement/Insurance Benefits—Forecasted Cost of Annual Premiums, Board Share

37

2017 2018 2019 2020 2021 2022 2023

Plan Description Actual Actual Estimated FY Insurance Cost by Plan Projections

Blue Access PPO Plan A Single 1.0 FTE 1,598,541 1,781,841 2,023,113 2,214,083 2,412,590 2,628,847 2,852,299

Blue Access PPO Plan A Family 1.0 FTE 9,709,882 10,183,261 11,392,281 12,447,672 13,576,558 14,756,184 16,010,460







Blue Access PPO Plan A-Non Admin Single Cert .50 FTE - 3,981 4,383 4,755 5,160 5,598 6,074

Blue Access PPO Plan A-Non Admin Family Cert .50 FTE 8,723 27,345 30,107 32,666 35,443 38,455 41,724

Blue Access PPO Plan A-Non Admin Single Class up to .75 FTE 22,843 17,903 19,711 21,387 23,205 25,177 27,317

Blue Access PPO Plan A-Non Admin Family Class up to .75 FTE 91,542 68,329 75,231 81,625 88,563 96,091 104,259

Blue Access PPO Plan A-Non Admin Single Class up to .5625 FTE 11,427 - - - - - -

Blue Access PPO Plan A-Non Admin Family Class up to .5625 FTE 17,445 18,230 20,071 21,777 23,628 25,637 27,816

Blue Access PPO Plan A-Non Admin Single Class up to .375 FTE 7,632 1,994 2,195 2,382 2,584 2,804 3,042

Blue Access PPO Plan A-Non Admin Family Class up to .375 FTE - - - - - - -

Lumenos HDHP Single Admin - - - - - - -

Lumenos HDHP Family Admin - - - - - - -

Lumenos HDHP Single Classified - 39,530 43,522 47,221 51,235 55,590 60,315

Lumenos HDHP Family Classified 51,908 90,406 99,537 107,998 117,178 127,138 137,945

Life Insurance 58,136 57,408 57,720 57,772 57,980 58,240 58,240

Delta Dental Admins 46,934 56,815 56,246 57,371 58,519 59,689 60,883

Delta Dental Non-Admins 494,030 500,531 495,525 495,525 495,525 495,525 495,525

Delta Dental Other Blended 6,848 - - - - - -

Balance to Prior FY Actual

FY Total Insurance Est. Cost 12,125,890 12,847,573 14,319,644 15,592,235 16,948,168 18,374,976 19,885,899 3.0

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Exhibit 9E—Detailed Look at Retirement/Insurance Benefits—Forecasted Cost of Board Share of Insurance Plans

38

LINE 3.030—Purchased Services.

This line item is based on historical patterns and current economic factors. Year over year increases for major components like utilities, transportation

services, etc. are now included in the detailed notes for the specific object codes referencing these items (see exhibits 10B-10D).

Expenses for purchased services account for about 16.5% of general fund expenses. This category includes a wide variety of expenditures, including:

utilities;

student transportation;

tuition paid to other Districts;

College Credit Plus Tuition

Legal fees and other professional services;

repairs and maintenance

all District major leases, including the 1:1 technology device leases

network connectivity for Internet and WAN (wide area network) connectivity

A more detailed look at Purchased Services costs follows in Exhibits 10A—10D:


39

3.030 - Purchased Services Pickerington Local School District




2018 2019 2020 2021 2022 2023


One-Time Adjustments to Prior Year Basis



Ongoing Adjustments to Current & Subsequent Years

Annual Percentage Change 0.00% 0.00% 0.00%

Annual Dollar Change of expenses note included in Notes 1, 2 or 3 - - - - - -

Note 1 - Tuition Expenses (264,289) 117,517 204,504 68,968 70,064 69,696

Note 2 - Utility-Lease Expenses 811,723 322,467 (49,909) 98,934 100,593 98,475

Note 3 - Prof. & Transprt. Services, and College Credit Plus 409,997 143,967 (67,053) 211,894 217,663 181,639


Total 19,231,176 19,231,175 19,815,127 19,902,669 20,282,465 20,670,785 21,020,595



2013 14,077,994

2014 14,915,445 837,451 5.95%

2015 17,887,951 2,972,506 19.93%

2016 17,571,040 (316,911) -1.77%

2017 18,273,744 702,704 4.00%

2018 19,231,176 957,432 5.24%

2019 19,815,127 583,951 3.04%

2020 19,902,669 87,542 0.44%

2021 20,282,465 379,796 1.91%

2022 20,670,785 388,320 1.91%

2023 21,020,595 349,810 1.69%

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$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023


Exhibit 10A—Detailed Look at Purchased Services

40


Note 1

Name of Expenses to be Presented

Tuition Expenses

Description 2017 2018 2019 2020 2021 2022 2023

471 Other District Tuition (SF14) 16,804 55,984 34,449 44,000 45,000 46,000 46,000


474 Excess Cost Tuition 49,624 55,068 50,200 50,372 50,624 50,877 50,877


475 SF14H 6,798 58,281 22,777 45,451 45,678 45,907 45,907


475 Scholarships 597,296 674,071 677,442 680,829 684,233 687,654 691,092


475 Other Spec. Ed./VEC 139,327 129,940 130,590 131,243 131,899 132,559 133,222

% Change from prior year 0.0% -6.7% 0.5% 0.5% 0.5% 0.5% 0.5%

477 Open Enrollment 578,015 640,539 653,349 666,416 679,745 693,340 707,207


478 Community & STEM School 2,332,643 1,362,176 1,500,000 1,530,000 1,560,600 1,591,812 1,623,648


479 PS, Other Spec. Ed Tuition 1,320,071 1,800,231 1,825,000 1,950,000 1,969,500 1,989,195 2,009,087


Total Purchased Services 18,273,744 19,231,176 19,815,127 19,902,669 20,282,465 20,670,785 21,020,595

Total Tuition Expenses 5,040,579 4,776,290 4,893,807 5,098,311 5,167,279 5,237,343 5,307,039

Total for Detailed Note 1 -264,289 117,517 204,504 68,968 70,064 69,696

Analytical Considerations:

1. Consider adjusting cash flow

estimates in cells AF above.

2. Consider adjusting forecast

3. or Combination of both

Total Purchased Services 100% 100% 100% 100% 100% 100%

Tuition Expenses as a % of total Purchased Services 25% 25% 26% 25% 25% 25%

Annual Change in Tuition Expenses

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0%

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120%

2018 2019 2020 2021 2022 2023

Tuition Expenses as a % of total Purchased Services

Total Purchased Services Total Tuition Expenses

-300,000

-200,000

-100,000

0

100,000

200,000

300,000

2018 2019 2020 2021 2022 2023

Annual Change in Tuition Expenses

Tuition Expenses

0

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

2017 2018 2019 2020 2021 2022 2023

Tuition Expenses

471 Other District Tuition (SF14) 474 Excess Cost Tuition 475 SF14H 475 Scholarships 475 Other Spec. Ed./VEC 477 Open Enrollment 478 Community & STEM School 479 PS, Other Spec. Ed Tuition

Exhibit 10B—Detailed Look at Tuition Expenses

41


Note 2


Utility-Lease Expenses

Description 2017 2018 2019 2020 2021 2022 2023

423,425, Other Prop. Serv. Repair 1,160,238 1,417,152 1,346,521 1,373,451 1,400,920 1,428,939 1,457,518


422 Trash 100,770 122,025 122,025 111,886 114,124 116,406 116,406

% Change from prior year -3.5% 21.1% 0.0% -8.3% 2.0% 2.0% 0.0%

440-449 Comm. (Phone, Mailing) 87,610 84,803 90,450 90,902 91,357 91,814 91,814


426 Capital Leases 1,442,913 1,588,366 1,946,000 1,900,000 1,938,000 1,976,760 2,016,295


451 Electric 2,041,591 2,441,841 2,441,841 2,466,259 2,490,922 2,515,831 2,540,990

% Change from prior year -4.0% 19.6% 0.0% 1.0% 1.0% 1.0% 1.0%

452 Water/Sewer 199,250 203,838 203,838 202,005 203,015 204,030 204,030

% Change from prior year 9.9% 2.3% 0.0% -0.9% 0.5% 0.5% 0.0%

453 Gas 354,784 364,684 364,864 339,988 343,388 346,822 350,290


430-439 Travel/Meetings 183,056 159,225 188,862 170,000 171,700 173,417 175,151

% Change from prior year 70.0% -13.0% 18.6% -10.0% 1.0% 1.0% 1.0%


Total Utility-Lease Expenses 5,570,211 6,381,934 6,704,401 6,654,492 6,753,426 6,854,019 6,952,494

Total for Detailed Note 2 811,723 322,467 -49,909 98,934 100,593 98,475

Total Utility-Lease Expenses 100% 100% 100% 100% 100% 100%

Utility-Lease Expenses as a % of Total Purchased Services 33% 34% 33% 33% 33% 33%

Annual Change in Utility-Lease Expenses

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2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

7,000,000

8,000,000

2017 2018 2019 2020 2021 2022 2023


423,425, Other Prop. Serv. Repair 422 Trash 440-449 Comm. (Phone, Mailing) 426 Capital Leases 451 Electric 452 Water/Sewer 453 Gas 430-439 Travel/Meetings

33% 34% 33% 33% 33% 33%

0%

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120%

2018 2019 2020 2021 2022 2023

Utility-Lease Expenses as a % of Total Purchased Services

Total Purchased Services Total Utility-Lease Expenses

-100,000

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100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

2018 2019 2020 2021 2022 2023

Annual Change in Utility-Lease Expenses


Exhibit 10C—Detailed Look at Utility-Lease Expenses

42


Note 3


Prof. & Transprt. Services, and College Credit Plus

Description 2017 2018 2019 2020 2021 2022 2023

480-489 Transportation 4,946,346 5,008,466 5,108,635 5,210,808 5,367,132 5,528,146 5,693,990


418 Legal/Prof. Services 395,534 404,651 414,767 423,062 431,524 440,154 448,957


410-417,419 Prof. Services 1,838,039 2,124,419 2,174,755 2,016,295 2,056,621 2,097,754 2,097,754


460-461 Print, 490 All Other 215,235 220,599 175,055 178,556 182,127 185,770 189,485


479 College Credit Plus 267,800 257,601 285,919 262,779 265,407 268,061 270,741

% Change from prior year 352.1% -3.8% 11.0% -8.1% 1.0% 1.0% 1.0%

479 Other Non-Spec Ed Tuition (JDC, SF-Per Diem, Etc.) 57,215 57,787 58,365 58,949 59,538 60,134





Total Prof. & Transprt. Services, and College Credit Plus 7,662,954 8,072,951 8,216,918 8,149,865 8,361,759 8,579,422 8,761,061


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Exhibit 10D—Detailed Look at Professional & Transportation Expenses, & College Credit Plus

43

Line 3.040--Supplies and Materials.

This line, which only comprises about 3.3% of general fund expenses, again contains a wide variety of expenses. Some major categories include:

Fuel for vehicles and buses, and maintenance and custodial supplies/repair parts (historically approximately 30% to 35% of supply purchases)—

fluctuations in fuel prices may significantly impact the expenditures in this category.

Instructional materials, general supplies, textbooks (including CCP texts), and electronic subscriptions (about 65%-70% of supply purchases)

A more detailed look at Supply costs follows in Exhibits 11A—11C:


44

3.040 - Supplies and Materials Pickerington Local School District




2018 2019 2020 2021 2022 2023



Note 1 - Departmental Supply Expenses 364,979 107,681 79,461 19,796 20,148 (17,595)

Note 2 - Maintenance/Custodial, Transportation and Fuel 200,543 24,038 (147,367) 25,417 26,472 13,561

Note 3 - Food Related Supply/Resale 1,132 1,805 1,337 70 71 -


Total 3,856,901 3,856,901 3,990,425 3,923,856 3,969,139 4,015,830 4,011,797

Dollar Change over Prior year 566,654 133,524 (66,569) 45,283 46,691 (4,033)

Percentage Change over Prior Year 17.22% 3.46% -1.67% 1.15% 1.18% -0.10%

2013 2,120,695

2014 2,624,843 504,148 23.77%

2015 3,067,313 442,470 16.86%

2016 2,601,630 (465,683) -15.18%

2017 3,290,247 688,617 26.47%

2018 3,856,901 566,654 17.22%

2019 3,990,425 133,524 3.46%

2020 3,923,856 (66,569) -1.67%

2021 3,969,139 45,283 1.15%

2022 4,015,830 46,691 1.18%

2023 4,011,797 (4,033) -0.10%3

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-$600,000

-$400,000

-$200,000

$0

$200,000

$400,000

$600,000

$800,000

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023


Exhibit 11A—Detailed Look at Supplies

45


Note 1


Departmental Supply Expenses

Description 2017 2018 2019 2020 2021 2022 2023

510- 519 - General Supplies 1,360,585 1,609,335 1,572,306 1,625,429 1,625,429 1,625,429 1,588,029

% Change from prior year 13.9% 18.3% -2.3% 3.4% 0.0% 0.0% -2.3%

520-529 Textbooks 258,966 341,662 370,047 373,747 377,485 381,260 385,072


530 - 539 Library Books 50,928 19,114 24,666 33,448 33,782 34,120 34,120


540-549 Newspapers/Periodicals, NOT 5461,673 1,411 3,163 1,600 1,600 1,600 1,600

% Change from prior year -27.6% -15.7% 124.2% -49.4% 0.0% 0.0% 0.0%

590 Miscellaneous 41,434 17,182 35,000 35,349 35,703 36,060 36,060


546 Electronic Subscriptions 572,417 662,279 753,481 768,551 783,922 799,600 815,592


Total Supplies & Materials 3,290,247 3,856,901 3,990,425 3,923,856 3,969,139 4,015,830 4,011,797

Total Departmental Supply Expenses2,286,003 2,650,982 2,758,663 2,838,124 2,857,920 2,878,068 2,860,473

Total for Detailed Note 1 364,979 107,681 79,461 19,796 20,148 -17,595






Total Departmental Supply Expenses 100% 100% 100% 100% 100% 100%

Departmental Supply Expenses as a % of Total Supplies and Materials69% 69% 72% 72% 72% 71%

Annual Change in Departmental Supply Expenses

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0%

20%

40%

60%

80%

100%

120%

2018 2019 2020 2021 2022 2023

Departmental Supply Expenses as a % of Total Supplies and Materials

Total Supplies & Materials Total Departmental Supply Expenses

-50,000

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

2018 2019 2020 2021 2022 2023

Annual Change in Departmental Supply Expenses


0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

2017 2018 2019 2020 2021 2022 2023


510- 519 - General Supplies 520-529 Textbooks 530 - 539 Library Books 540-549 Newspapers/Periodicals, NOT 546 590 Miscellaneous 546 Electronic Subscriptions

Exhibit 11B—Detailed Look at Departmental Supply Expense

46


Note 2


Maintenance/Custodial, Transportation and Fuel

Description 2017 2018 2019 2020 2021 2022 2023

570-579 Maintenance/Custodial 648,521 785,427 736,400 610,758 622,973 635,433 635,433

% Change from prior year 14.9% 21.1% -6.2% -17.1% 2.0% 2.0% 0.0%

582 Fuel 340,490 393,988 413,687 426,098 438,881 452,047 465,608


581,583-589 Transportation Related Supplies (Repair, Tires/Tubes) 12,494 22,633 76,000 41,865 42,283 43,129 43,129


Total Supplies & Materials 3,290,247 3,856,901 3,990,425 3,923,856 3,969,139 4,015,830 4,011,797

Total Maintenance/Custodial, Transportation and Fuel 1,001,505 1,202,049 1,226,087 1,078,720 1,104,137 1,130,609 1,144,170


Total Supplies & Materials 100% 100% 100% 100% 100% 100%

Maintenance/Custodial, Transportation and Fuel as a % of Total Supplies and Materials 31% 31% 27% 28% 28% 29%

Annual Change in Maintenance/Custodial, Transportation and Fuel

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-150,000

-100,000

-50,000

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50,000

100,000

150,000

200,000

250,000

2018 2019 2020 2021 2022 2023

Annual Change in Maintenance/Custodi al, Transportation and Fuel


31% 31% 27% 28% 28% 29%

0%

20%

40%

60%

80%

100%

120%

2018 2019 2020 2021 2022 2023

Maintenance/Custodi al, Transportation and Fuel as a % of Total Supplies and

Materials

Total Supplies & Materials

Maintenance/Custodial, Transportation and Fuel as a % of Total Supplies and Materials

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

2017 2018 2019 2020 2021 2022 2023


570-579 Maintenance/Custodial 582 Fuel 581,583-589 Transportation Related Supplies (Repair, Tires/Tubes)

Exhibit 11C—Detailed Look at Maintenance/Custodial, Transportation and Fuel

47

LINE 3.050--Capital Outlay.

Though only accounting for about .80% of general fund expenses, expenditures for capital outlay in future years includes significant additions for the

purchase of technological equipment. This is designed to allow the District to stay up to speed with state testing other required programmatic

changes (Ohio Academic Content Standards, STEM, Project Lead the Way, etc.) which require more robust technology infrastructure.

Finally, because of the savings appreciated via our transportation contracts by purchasing our own buses, the District is also budgeting to purchase

2—3 additional buses and 3—4 additional school vehicles per year through 2023.

Exhibits 12A—12B show a more detailed look at Capital Outlay expenses:


48

3.050 - Capital Outlay Pickerington Local School District




2018 2019 2020 2021 2022 2023

Actual Amount Expended in Prior Year: 1,191,679 909,592 1,137,704 1,162,766 1,188,504 1,214,937


Net Basis to be Used for Current and Subsequent Forecasted Amount: 1,191,679 909,592 1,137,704 1,162,766 1,188,504 1,214,937

Note 1 - Capital Outlay by Type (282,086) 228,112 25,062 25,738 26,433 23,143

Note 2 - - - - - - -

Note 3 - - - - - - -


Total 909,592 909,593 1,137,704 1,162,766 1,188,504 1,214,937 1,238,080

Dollar Change over Prior year (282,086) 228,111 25,062 25,738 26,433 23,143

Percentage Change over Prior Year -23.67% 25.08% 2.20% 2.21% 2.22% 1.90%

2013 734,645

2014 581,149 (153,496) -20.89%

2015 1,353,797 772,648 132.95%

2016 1,079,347 (274,450) -20.27%

2017 1,191,679 112,332 10.41%

2018 909,592 (282,087) -23.67%

2019 1,137,704 228,112 25.08%

2020 1,162,766 25,062 2.20%

2021 1,188,504 25,738 2.21%

2022 1,214,937 26,433 2.22%

2023 1,238,080 23,143 1.90%3

.05

0 -

Ca

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Ou

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3

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0 -

Ca

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3

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-$400,000

-$200,000

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023


Exhibit 12A—Detailed Look at Equipment

49

3.050 - Capital Outlay Pickerington Local School District

Note 1


Capital Outlay by Type

Description 2017 2018 2019 2020 2021 2022 2023

% Change % Change % Change % Change % Change % Change

from 2017 from 2018 from 2019 from 2020 from 2021 from 2022

610 - Land


620 - Buildings


630 - Non-Building Improvements 0 5,000 5,000 5,000 5,000 5,000


640 & 645 - Equipment 267,971 421,071 625,208 643,964 663,283 683,182 703,677


644 - Technology 175,963 245,874 188,700 192,474 196,323 200,250 200,250


650 - Vehicles 149,780 76,346 150,000 150,000 150,000 150,000 150,000


660 - School Buses 597,966 166,302 168,797 171,328 173,898 176,507 179,154


680-699 Other/Livestock


Total Capital Outlay 1,191,679 909,592 1,137,704 1,162,766 1,188,504 1,214,937 1,238,080

Total Capital Outlay by Type 1,191,679 909,593 1,137,705 1,162,767 1,188,505 1,214,938 1,238,082

Total for Detailed Note 1 -282,086 228,112 25,062 25,738 26,433 23,143






Total Capital Outlay by Type 100% 100% 100% 100% 100% 100%

Capital Outlay by Type as a % of Total Capital Outlay 100% 100% 100% 100% 100% 100%

Annual Change in Capital Outlay by Type

3.05

0 -

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3.05

0 -

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3.05

0 -

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3.05

0 -

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3.05

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3.05

0 -C

apit

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3.05

0 -C

apit

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100%

100%100%

100%

100% 100%

100%

100%

100%

100%

100%

100%

2018 2019 2020 2021 2022 2023

Capital Outlay by Type as a % of Total Capital Outlay

Total Capital Outlay Total Capital Outlay by Type

-400,000

-300,000

-200,000

-100,000

0

100,000

200,000

300,000

2018 2019 2020 2021 2022 2023

Annual Change in Capital Outlay by Type


0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

2017 2018 2019 2020 2021 2022 2023


610 - Land 620 - Buildings 630 - Non-Building Improvements 640 & 645 - Equipment 644 - Technology 650 - Vehicles 660 - School Buses 680-699 Other/Livestock

Exhibit 12B—Detailed Look at Equipment by Capital Outlay type

50

LINE 4.300--Other Objects.

Accounting for about 1.3% of general fund expenses, this line contains miscellaneous expenditure categories, and is primarily based on historical

trends. The major expenditures in this line include county auditor and treasurer fees, and State Foundation deductions for the Fairfield County

Educational Service Center.

A more detailed look at Other Object Expenditures follows in Exhibits 13A—13B:


51

4.300 - Other Objects Pickerington Local School District

Detailed Expenditure Note Build



2018 2019 2020 2021 2022 2023




Note 1 - Other Expenses by Type (71,731) 28,112 32,167 32,838 5,523 -

Note 2 - - - - - - -

Note 3 - - - - - - -


Total 1,534,782 1,534,782 1,562,894 1,595,061 1,627,899 1,633,422 1,633,422

Dollar Change over Prior year (71,731) 28,112 32,167 32,838 5,523 -

Percentage Change over Prior Year -4.47% 1.83% 2.06% 2.06% 0.34% 0.00%

2013 2,041,465

2014 1,583,126 (458,339) -22.45%

2015 1,594,254 11,128 0.70%

2016 1,580,003 (14,251) -0.89%

2017 1,606,513 26,510 1.68%

2018 1,534,782 (71,731) -4.47%

2019 1,562,894 28,112 1.83%

2020 1,595,061 32,167 2.06%

2021 1,627,899 32,838 2.06%

2022 1,633,422 5,523 0.34%

2023 1,633,422 - 0.00%4

.30

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-$500,000

-$400,000

-$300,000

-$200,000

-$100,000

$0

$100,000

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023


Exhibit 13A—Detailed Look at Other Objects

52

4.300 - Other Objects Pickerington Local School District

Note 1


Other Expenses by Type

Description 2017 2018 2019 2020 2021 2022 2023

% Change % Change % Change % Change % Change % Change

from 2017 from 2018 from 2019 from 2020 from 2021 from 2022

840 - 842 - Dues/Fees/Shipping 19,310 23,336 22,952 23,182 23,414 23,414 23,414


843 - Annual Audit Costs 3,549 45,059 45,756 46,671 47,604 47,604 47,604


844 - County BOE 316,617 260,263 265,450 270,759 276,174 281,698 281,698


845-847 County Auditor/Treasurer Fees673,111 611,492 695,103 709,005 723,186 723,186 723,186


848 - 849 Bank Charges/Other Fees 312,877 347,662 288,501 294,271 300,156 300,156 300,156


851, 853 - Insurance, Fiduciary Bonds 237,973 242,004 241,633 247,674 253,865 253,865 253,865


859 -870 - Judgements/Sales Tax 40,105 3,245 3,500 3,500 3,500 3,500 3,500


880 - 899 - Awards/ Miscellaneous 2,972 1,723

% Change from prior year 0.0% -42.0% -100.0% 0.0% 0.0% 0.0% 0.0%

Total Other Objects 1,606,513 1,534,782 1,562,894 1,595,061 1,627,899 1,633,422 1,633,422

Total Other Expenses by Type 1,606,514 1,534,783 1,562,895 1,595,061 1,627,899 1,633,423 1,633,423

Total for Detailed Note 1 -71,731 28,112 32,167 32,838 5,523 0






Total Other Expenses by Type 100% 100% 100% 100% 100% 100%

Other Expenses by Type as a % of Total - Other Objects 100% 100% 100% 100% 100% 100%

Annual Change in Other Expenses by Type

4.30

0 -

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100%

100%

100%

100%

100% 100%

100%

100%

100%

100%

100%

100%

100%

2018 2019 2020 2021 2022 2023

Other Expenses by Type as a % of Total - Other Objects

Total Other Objects Other Expenses by Type

-80,000

-60,000

-40,000

-20,000

0

20,000

40,000

2018 2019 2020 2021 2022 2023

Annual Change in Other Expenses by Type


0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

1,800,000

2017 2018 2019 2020 2021 2022 2023


840 - 842 - Dues/Fees/Shipping 843 - Annual Audit Costs 844 - County BOE 845-847 County Auditor/Treasurer Fees848 - 849 Bank Charges/Other Fees 851, 853 - Insurance, Fiduciary Bonds 859 -870 - Judgements/Sales Tax 880 - 899 - Awards/ Miscellaneous

Exhibit 13B—Detailed Look at Other Objects by Object Detail

53

5.010 to 5.030 - Other Financing Uses Pickerington Local School District




2018 2019 2020 2021 2022 2023

5.010 - Operating Transfers-Out Projections are not Based Upon Previous Fiscal Year

Transfer to Fund 035 to Cover Termination Benefits 500,000 250,000 125,000

Transfer to Capital Improvement Fund 1,000,000 750,000 1,000,000 500,000 500,000 500,000

Transfer from 022 to 001 to 300

Transfer to Self-Insurance Fund

Outdoor Ed fund to fund (009 to 001 to 018)

Lakeview Trust to Lakeview 018

PHSC Key Club, Club Hope, Renaissance

WISE Transfer 40,000 20,000 20,000 20,000 20,000 20,000

Note 1 - - - - - -

Total [5.010] 1,540,000 1,540,000 770,000 1,270,000 520,000 645,000 520,000

Total [5.010 to 5.030] 1,540,000 770,000 1,270,000 520,000 645,000 520,000

Dollar Change over Prior year 1,540,000 (770,000) 500,000 (750,000) 125,000 (125,000)

Percentage Change over Prior Year 0.00% -50.00% 64.94% -59.06% 24.04% -19.38%

2013 3,211,521

2014 2,502,365 (709,156) -22.08%

2015 3,500,000 997,635 39.87%

2016 762,019 (2,737,981) -78.23%

2017 753,116 (8,903) -1.17%

2018 1,540,000 786,884 104.48%

2019 770,000 (770,000) -50.00%

2020 1,270,000 500,000 64.94%

2021 520,000 (750,000) -59.06%

2022 645,000 125,000 24.04%

2023 520,000 (125,000) -19.38%

5.0

10

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-$3,000,000

-$2,500,000

-$2,000,000

-$1,500,000

-$1,000,000

-$500,000

$0

$500,000

$1,000,000

$1,500,000

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023


LINE 5.010-5.030—Operating Transfers Out, Advances Out and All Other Financing Uses

For FY19-FY23, there are forecasted transfers to the Capital Improvement Fund. Those transfers are noted below, and total $3.25MM. Additionally,

the District anticipates transfers of $250,000 to the 035 Termination Benefits (Severance) fund in FY20, and an additional $125,000 transfer in FY22.

Exhibit 14—Detailed Look at Other Financing Uses

54

Income and Expense Simplified Statement - Projected Fiscal Years Pickerington Local School District

Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year

2019 2020 2021 2022 2023

Beginning Balance 33,609,294 31,647,110 27,666,816 22,475,525 15,214,054

+ Revenue 120,902,956 124,186,761 127,446,019 130,789,738 134,362,442

+ Proposed Renew/Replacement Levies - - - - -

+ Proposed New Levies - - - - -

- Expenditures (122,865,140) (128,167,055) (132,637,310) (138,051,209) (143,305,968)

= Revenue Surplus or Deficit (1,962,184) (3,980,294) (5,191,291) (7,261,471) (8,943,526)

Ending Balance 31,647,110 27,666,816 22,475,525 15,214,054 6,270,528

Revenue Surplus or Deficit w/o Levies (1,962,184) (3,980,294) (5,191,291) (7,261,471) (8,943,526)

Ending Balance w/o Levies 31,647,110 27,666,816 22,475,525 15,214,054 6,270,528

2019 2020 2021 2022 2023

Revenue 120902956 124186761 127446019 130789738 134362442

Renew/Replacement Levies 0 0 0 0 0

New Levies 0 0 0 0 0

Expenditures 122865140 128167055 132637310 138051209 143305968

$120,902,956 $124,186,761 $127,446,019 $130,789,738 $134,362,442

$122,865,140$128,167,055 $132,637,310

$138,051,209$143,305,968

$0

$20,000,000

$40,000,000

$60,000,000

$80,000,000

$100,000,000

$120,000,000

$140,000,000

$160,000,000

2019 2020 2021 2022 2023

Revenue vs. Expenditures

Revenue Renew/Replacement Levies New Levies Expenditures

M

Lines 6.010, 7.010, 7.020

The following exhibit shows the overall impact on a simplified income/expense statement for the District.

Exhibit 15—Simplified Income and Expense Statement

55

Forecast Compare - Variance Graphs Pickerington Local School District

For Fiscal Year: 2019

Previous Forecast Date: 05/26/2018 Current Forecast Date: 10/22/2018

35,827,527

1,719,901

18,268,176

56,359,721

868,141

0

4,621,872

1,811,429

35,529,690

1,729,618

19,089,126

56,732,264

947,058

0

4,610,695

2,264,505

1.010 - General Property Tax (Real Estate)

1.020 - Public Utility Personal Property

1.030 - Income Tax

1.035 - Unrestricted Grants-in-Aid

1.040 - Restricted Grants-in-Aid

1.045 - Restricted Federal Grants-in-Aid - SFSF

1.050 - Property Tax Allocation

1.060 - All Other Operating Revenues

Current Fiscal Year Revenue Comparison Previous Forecast to Current Forecast

05/26/2018 10/22/2018

69,319,474

25,990,033

18,222,169

3,529,863

1,227,733

0

0

1,607,413

69,376,218

26,212,772

19,815,127

3,990,425

1,137,704

0

0

1,562,894

3.010 - Personnel Services

3.020 - Employees' Retirement/Insurance Benefits

3.030 - Purchased Services

3.040 - Supplies and Materials

3.050 - Capital Outlay

3.060 - Intergovernmental

4.010 - 4.060 - Principal, Interest & Fiscal Charges

4.300 - Other Objects

Current Fiscal Year Expenditure Comparison Previous Forecast vs. Current Forecast

05/26/2018 10/22/2018

Freeze 5-Yearfor Comparison

M

Exhibit 16—Comparison of October 2017 Submission to May 2018 Submission: FY18

56

Head Count Summary/Analysis Pickerington Local School District

2019 2020 2021 2022 2023

Prior Year Actual/Estimated Enrollment (October Count) 10,304 10,441 10,560 10,717 10,798

Projected Changes to Prior Year Enrollment

Net All-Grade Level Mobility Factor (Change) to Prior Year 318 338 345 350 352

New Kindergartners In 633 650 650 650 665

Loss of Seniors from Prior Year -814 -869 -838 -918 -858

Net Change in Outgoing and Incoming Pupils -181 -219 -188 -268 -193

Current Year Estimated Enrollment (Simulated October Count) 10,441 10,560 10,717 10,798 10,957

District Head Count Grade

K 633 650 650 650 665

1 723 742 762 762 762

2 741 761 781 801 801

3 711 781 801 822 844

4 795 740 812 833 855

5 805 821 764 838 860

6 858 827 843 784 861

7 831 886 853 870 809

8 862 849 904 871 888

9 855 891 877 934 900

10 920 859 896 882 939

11 836 916 856 892 878

12 869 838 918 858 894

Total Can Differ by Rounding 10,441 10,560 10,717 10,798 10,957

Year-Over-Year Percentage Change 0.19% 1.14% 1.48% 0.76% 1.47%

2007

10,019

2008 2009 2010 2011 2012 2013 2014 2015 2016

10,229 10,453 10,545 10,625 10,281 10,203 10,185 10,190 10,150

2017 2018 2019 P 2020 P 2021 P 2022 P 2023 P

10,191 10,304 10,441 10,560 10,717 10,798 10,957

Historic Change -0.2% 0.0% -0.4% 0.4% 1.1%

Projected Change 1.33% 1.14% 1.48% 0.76% 1.47%

M

0

2,000

4,000

6,000

8,000

10,000

12,000

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 P 2020 P 2021 P 2022 P 2023 P

Historic vs. Projected EnrollmentM

Exhibit 17—Enrollment Projections

assumptions to five-year forecast

Documents