Five-Year Projections Presentation by: Mr. Paul Pestello Treasurer/CFO October 28, 2013
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Transcript of Five-Year Projections Presentation by: Mr. Paul Pestello Treasurer/CFO October 28, 2013
Five-Year Projections
Presentation by: Mr. Paul Pestello
Treasurer/CFOOctober 28, 2013
Availability of ForecastThe complete Five-year Projections
document and corresponding notes referenced in tonight’s presentation will be posted on the district’s web site. www.chardon.k12.oh.us
The Five-year Forecast is also available at the Ohio Department of Education web site http://education.ohio.gov
Consequences of Levy Failure Line 12.01 reflects an estimated negative ending
cash balance of almost $1 million (almost $1.3 million with outstanding encumbrances) at the end of fiscal year 2015.
Unless this November levy is successful, reductions of about $1.5 million will need to be made before the start of next school year.
The district can be on the ballot again in February 2014, May 2014, August 2014 and November 2014.
If successful, none of those levies will bring any new money into the district until January 2015.
Oct. 28, 2013 Chardon School Board Meeting
Cost Reduction Considerations Changes to school daily schedules to reduce transportation
costs, or further elimination of transportation services. Elimination of additional instructional and support
personnel. Elimination of extended-block scheduling for math and
language arts at CMS. Replacement costs for staff exiting on retirement incentive
program. Elimination/Restructuring of District-wide support
personnel Elimination of subscription-based instructional media
content. Reduction in supplies purchasing. Possible elimination of elementary art, music and physical
education programming. Reduction of Nutrition Services program.
Oct. 28, 2013 Chardon School Board Meeting
Program Restoration Considerations Advanced and elective programming at CHS to
ensure college and career readiness. Course offerings at CMS to increase instructional
time. Guidance and support services for students. Technology support for instruction and student
achievement. Elementary programming for instructional
support services, art/music/physical education, programming to support exceptional students (gifted education).
Pay-to-Participate at 2013 levels. Oct. 28, 2013 Chardon School Board Meeting