1. Fostoria Board of Education
February 19, 2013

2. ACHIEVEMENT EVERYWHERE Preliminary Estimates
Governor Kasich’s funding is just a PROPOSAL
Proposed for FY14 and FY15 only – just two years
Long way to go before possible approval – end of
June 2013.
State Senators – Hite & Gardner
Est. Student
District FY 2013 Count Total FY 2014 $ Increase % Increase
FCS $9,508,180 2085 $11,080,453 $1,572,273 16.54%
FCS FY 2014 Total FY 2015 $ Increase % Increase
$11,080,453 2085 $11,562,523 $482,069 4.35%

3. Based on the Fostoria Five Year Forecast
Actual Forecasted
Line 2010 2011 2012 2013 2014 2015 2016 2017
1.070 Total Revenue 19,742,809 20,115,661 21,172,015 20,284,225 19,568,000 18,490,900 18,490,900 17,813,500
4.500 Total Expenditures 23,366,050 22,539,037 22,208,625 21,795,840 21,899,613 22,272,613 22,495,613 22,763,000
IF THE LEVY DOES NOT PASS
10.010 Fund Balance June 30 for Certification 5,239,117 2,890,091 2,004,616 1,630,637 -700,976 -4,482,689 -8,487,402 -
of Appropriations 13,436,902
IF THE LEVY DOES PASS
12.010 Fund Bal June 30 for Cert of Contracts, 5,239,117 2,890,091 2,004,616 1,630,637 21,724 -1,959,989 -4,164,702 -6,636,740
Salary Sched, Other Obligations
15.010 Unreserved Fund Balance June 30 5,239,117 2,890,091 2,004,616 1,630,637 21,724 -1,959,989 -4,164,702 -6,636,740

4. District Fiscal Responsibility Requires:
Budget reductions of $600,000
- $700,00 must be made
regardless of levy renewal
outcome.
Passage of the Substitute Levy
May 2013
With the levy passage, at the
end of FY14 , the general fund
balance equals $21,724.

5. School Funding by District

6. Definition of Substitute Levy:
 Substitute Levy – this replaces our emergency levy for the same 1.8 million dollars. This is not
new money.
 In June of 2008 – Governor Strickland signed Amended Substitute House Bill 562 that
included new tax levy options for school districts considering emergency levies or the
renewal of emergency levies. The Substitute levy is one of the options created in 2008.
 A “Substitute Levy” may be submitted to its voters for up to 10 years or for a continuing
period of time. This new substitute levy must be proposed at an initial specified dollar
amount for the first collection year equal to the amount of the proposing district’s existing
emergency levy. Thereafter, revenues from the substitute levy may experience limited
annual growth based solely on new real property improvements made in the school district
each year.
 This new levy option permits a school district to reduce the number of tax levy elections and
avoid voter fatigue by extending the levy term and/or providing for limited revenue growth
from new real property improvements.

7. Assessed Value = Taxable Value
Example - property has true value/market value of $50,000.
The assessed value is 35% of $50,000.
BASED ON 7.55 MILLS WHEN LEVY FIRST
INTRODUCED: BASED ON CURRENT 8.55 MILLS:
TOTAL MILLAGE 7.55 TOTAL MILLAGE 8.55
COST TO AVERAGE HOMEOWNER COST TO AVERAGE HOMEOWNER
$50,000 $50,000
Annual Cost $115.61 Annual Cost $130.92
Monthly Cost $9.63 Monthly Cost $10.91
Weekly Cost $2.22 Weekly Cost $2.52
Daily Cost $0.32 Daily Cost $0.36

8. Assessed Value = Taxable Value
Example - property has true value/market value of $50,000.
The assessed value is 35% of $50,000.
Fostoria CSD
Substitute Levy Renewal Millage Estimates
BALLOT MILLAGE CALCULATION COST TO HOMEOWNER
ASSUMPTIONS BY PROPERTY VALUE
APPRAISED TAX VALUE
VALUE 35% ANNUAL MONTHLY WEEKLY DAILY
SUBSTITUTE LEVY MILLAGE 8.15 $30,000 $10,500 $74.88 $6.24 $1.44 $0.21
$40,000 $14,000 $99.84 $8.32 $1.92 $0.27
$50,000 $17,500 $124.80 $10.40 $2.40 $0.34
$60,000 $21,000 $149.76 $12.48 $2.88 $0.41
COST TO AVERAGE HOMEOWNER $70,000 $24,500 $174.72 $14.56 $3.36 $0.48
Census Median Home Value $50,000 $80,000 $28,000 $199.68 $16.64 $3.84 $0.55
$90,000 $31,500 $224.63 $18.72 $4.32 $0.62
Annual Cost $124.80 $100,000 $35,000 $249.59 $20.80 $4.80 $0.68
Monthly Cost $10.40 $110,000 $38,500 $274.55 $22.88 $5.28 $0.75
Weekly Cost $2.40 $120,000 $42,000 $299.51 $24.96 $5.76 $0.82
Daily Cost $0.34 $130,000 $45,500 $324.47 $27.04 $6.24 $0.89

9. What do the levy funds pay for?
• STAFFING
• CLASSES THAT CAN BE OFFERED
o During the day
interventions:
o JSHS programs – OGT
Intervention
o Project MORE – (3rd
Grade Reading
Guarantee)
o STEM
(Science/Technology
/Engineering/Math

10. What do the levy funds pay for?
• Online Testing Requirements
 All students must test online
 As quickly as technology changes, we must increase the
number of devices as well as operating systems
• Resources & Materials
 Textbooks - - hard copy/digital
 Training for student growth measures
 State Mandated – Tied to professional evaluations
 Library materials
 Lab materials
 General everyday operating supplies
 New Content Standards

11. Looking ahead……….
To address the concern of being a continuing levy and having a voice/choice
in our funding and your tax dollars. We have another emergency levy that will
need to be voted upon in a couple of years. This will give us all a chance to
see where we are at with the new 2 year funding proposal, healthcare costs,
and how much more efficient we run our schools under new leadership.
Without the levy passing, we will have to look at far more cuts due to our
current financial position and the inability to predict how much money will
actually come from Governor Kasich’s proposal for school funding.