Xenia Community Schools District Financial Update 2.0. What events have occurred that have effected the financial picture of the District since last board meeting?. On February 13 & 14 ODE conducted a fiscal analysis for Xenia Community Schools
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FY08 FY09 FY10 FY11
Revenue $45,917,746 $46,409,607 *$45,584,043 **$47,693,011
Expenditures $44,634,090 $46,859,071 $49,458,238 $49,847,752
Excess (Shortfall) $ 641,199 ($ 344,047)($ 3,724,544) ($ 2,113,393)
Unenc. balance $ 7,729,046 $ 7,372,007 $ 3,442,450 $ 1,409,476
* In FY10 we received $1,223,057 for Federal Stimulus monies.
** We elected to book an advance of real estate tax collection of $887,975 for FY12, in FY11. We also received $1,488,020 for federal stimulus monies.
7 Elementary Buildings consolidated into five buildings projections for future years.
Students returned to “home schools” resulting in significant transportation cuts
56 teacher positions cut (15.5%)
5 administrative positions cut (17.9%)
32 classified positions cuts (12.9%)Major Consolidations and Restructuring
Reclaiming the operation of pre-school projections for future years.
Zero percent pay increase (base pay) for all employees FY ‘11
Absolute Pay freeze for teachers, classified, and administrators for two years, NO raise, NO step increase
Health care concessions from teachers, classified, and administrators; all pay at least 15% of health care
Removed most spouses from the district health care plan
All staff have significant, increased out-of-pocket costs for health care. This is a substantial savings to the district.The district has frozen, trimmed, and cut whenever possible
Reduction of the Elementary Curriculum Supervisor for the remainder of the year
Reduction of one School Nurse
Principal substitute at Spring Hill for the remainder of the year
Eliminated Personnel Specialist (unclassified)
Eliminated EMIS/Book-keeper position (unclassified)
Eliminated Technology Specialist for the remainder of the yearFurther Reductions in FY ‘12
Xenia Community Schools has three options:
1. Place a levy on the ballot to raise additional monies.
2. Drastically cut expenditures that have not
already been reduced.
3. A combination of raising new monies by
passing a levy and reducing additional
There are currently two levy dates available for Xenia Community School in the 2012 calendar year:
August 7, 2012
November 6, 2012
To go on the August ballot it could cost the District approximately $31,500 ($750 for 42 precincts)
Income tax Levy Emergency Levy
1st resolution 04/27/2012 05/04/2012
2nd resolution 05/09/2012 05/09/2012
Less cost for election expenses due to the fact this it is a regular election
Income tax Levy Emergency Levy
1st resolution 07/27/2012 08/03/2012
2nd resolution 08/08/2012 08/08/2012