Miami Trace Local School District · 20.015 Grades 1-12 - ADM Count 2,335 2,336 2,335 0.0% 2348 2348 2348 2348 2348 See accompanying summary of significant forecast assumptions and

Miami Trace Local School DistrictFayette County

Schedule of Revenues, Expenditures and Changes in Fund BalancesFor the Fiscal Years Ended June 30, 2017, 2018 and 2019 Actual;

Forecasted Fiscal Years Ending June 30, 2020 Through 2024

Actual Forecasted Fiscal Year Fiscal Year Fiscal Year Average Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2017 2018 2019 Change 2020 2021 2022 2023 2024

Revenues

1.010 General Property Tax (Real Estate) $13,300,427 $13,245,248 $13,802,906 1.9% $14,654,654 $14,834,167 $14,843,627 $13,778,476 $13,075,3501.020 Tangible Personal Property Tax1.030 Income Tax1.035 Unrestricted State Grants-in-Aid 11,168,832 11,337,328 11,307,876 0.6% $11,288,316 11,288,316 11,288,316 11,288,316 11,288,3161.040 Restricted State Grants-in-Aid 267,046 246,957 210,909 -11.1% $213,093 213,093 213,093 213,093 213,0931.045 Restricted Federal Grants-in-Aid - SFSF1.050 Property Tax Allocation 1,362,881 1,344,969 1,318,475 -1.6% $1,297,290 1,296,074 1,295,991 1,218,477 1,140,0841.060 All Other Revenues 3,792,809 4,174,122 3,764,101 0.1% $3,716,750 3,754,250 3,754,250 3,754,250 3,754,2501.070 Total Revenues 29,891,995 30,348,624 30,404,267 0.9% 31,170,104 31,385,901 31,395,277 30,252,612 29,471,094

Other Financing Sources

2.010 Proceeds from Sale of Notes2.020 State Emergency Loans and Advancements (Approved)2.040 Operating Transfers-In 102,000 98,718 -51.6% 38,292 10,790 469 57,1332.050 Advances-In 11,000 194,711 103,494 811.6% 100,000 11,7952.060 All Other Financing Sources 18,620 87,323 677,617 522.5% 73,4542.070 Total Other Financing Sources 131,620 380,752 781,111 147.2% 173,454 50,087 10,790 469 57,1332.080 Total Revenues and Other Financing Sources 30,023,615 30,729,376 31,185,378 1.9% 31,343,558 31,435,988 31,406,067 30,253,081 29,528,227

Expenditures

3.010 Personal Services 13,887,778 14,561,940 15,227,530 4.7% 15,936,907 16,765,497 17,046,604 17,237,610 17,417,9573.020 Employees' Retirement/Insurance Benefits 6,064,309 6,236,097 6,183,527 1.0% 6,751,137 7,234,678 7,280,850 7,314,309 7,344,2963.030 Purchased Services 4,274,800 4,212,575 4,280,974 0.1% 4,750,989 4,836,507 4,923,564 5,012,188 5,102,4073.040 Supplies and Materials 1,261,805 1,373,324 1,427,190 6.4% 1,321,864 1,345,658 1,242,629 1,264,997 1,287,7673.050 Capital Outlay 489,585 616,286 1,458,244 81.2% 241,675 246,026 250,454 254,962 259,5513.060 Intergovernmental

Debt Service:4.010 Principal-All (Historical Only)4.020 Principal-Notes4.030 Principal-State Loans4.040 Principal-State Advancements4.050 Principal-HB 264 Loans4.055 Principal-Other4.060 Interest and Fiscal Charges4.300 Other Objects 478,898 441,400 457,615 -2.1% 430,399 430,399 430,399 430,399 430,3994.500 Total Expenditures 26,457,175 27,441,622 29,035,080 4.8% 29,432,972 30,858,764 31,174,501 31,514,465 31,842,379

Other Financing Uses

5.010 Operating Transfers-Out 2,456,352 2,209,126 815,000 -36.6% 159,500 197,792 170,290 159,969 216,6335.020 Advances-Out 410,0005.030 All Other Financing Uses 16,736 744 282 -78.8% 1,0005.040 Total Other Financing Uses 2,883,088 2,209,870 815,282 -43.2% 160,500 197,792 170,290 159,969 216,6335.050 Total Expenditures and Other Financing Uses 29,340,263 29,651,492 29,850,362 0.9% 29,593,472 31,056,556 31,344,791 31,674,434 32,059,012

Prepared by Debbie L. Black, CPAMTLSD Treasurer/CFO

November, 20191 of 30

Actual Forecasted Fiscal Year Fiscal Year Fiscal Year Average Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2017 2018 2019 Change 2020 2021 2022 2023 2024

6.010 Excess of Revenues and Other Financing Sources over

(under) Expenditures and Other Financing Uses 683,352 1,077,884 1,335,016 40.8% 1,750,087 379,432 61,276 1,421,353- 2,530,784-

7.010 Cash Balance July 1 - Excluding Proposed Renewal/Replacement and New Levies 12,299,104 12,982,456 14,060,340 6.9% 15,395,356 17,145,443 17,524,875 17,586,151 16,164,797

7.020 Cash Balance June 30 12,982,456 14,060,340 15,395,356 8.9% 17,145,443 17,524,875 17,586,151 16,164,797 13,634,013

8.010 Estimated Encumbrances June 30 860,834 869,594 654,403 -11.9% 654,403 654,403 654,403 654,403 654,403

Reservation of Fund Balance

9.010 Textbooks and Instructional Materials9.020 Capital Improvements9.030 Budget Reserve9.040 DPIA9.045 Fiscal Stabilization 1,291,336 1,394,112 1,494,600 7.6% 1,520,213 1,558,505 1,569,295 1,569,764 1,512,6319.050 Debt Service9.060 Property Tax Advances9.070 Bus Purchases9.080 Subtotal 1,291,336 1,394,112 1,494,600 7.6% 1,520,213 1,558,505 1,569,295 1,569,764 1,512,631

10.010 Fund Balance June 30 for Certification of Appropriations 10,830,286 11,796,634 13,246,353 10.6% 14,970,826 15,311,966 15,362,453 13,940,631 11,466,979

Revenue from Replacement/Renewal Levies

11.010 Income Tax - Renewal11.020 Property Tax - Renewal or Replacement 1,149,059 1,900,000

11.300 Cumulative Balance of Replacement/Renewal Levies 1,149,059 3,049,059

12.010 Fund Balance June 30 for Certification of Contracts,

Salary Schedules and Other Obligations 10,830,286 11,796,634 13,246,353 10.6% 14,970,826 15,311,966 15,362,453 15,089,689 14,516,038

Revenue from New Levies

13.010 Income Tax - New13.020 Property Tax - New

13.030 Cumulative Balance of New Levies

14.010 Revenue from Future State Advancements

15.010 Unreserved Fund Balance June 30 10,830,286 11,796,634 13,246,353 10.6% 14,970,826 15,311,966 15,362,453 15,089,689 14,516,038

ADM Forecasts

20.010 Kindergarten - ADM Count 178 188 192 3.8% 191 191 191 191 19120.015 Grades 1-12 - ADM Count 2,335 2,336 2,335 0.0% 2348 2348 2348 2348 2348

See accompanying summary of significant forecast assumptions and accounting policiesIncludes: General fund, Emergency Levy fund


November, 20192 of 30

Prepared by Debbie L. Black, CPA

MTLSD Treasurer/CFO

November, 2019

ASSUMPTIONS & EXPLANATIONS TO 5-YEAR FORECAST November, 2019

Revenues

1.010 General Property Tax (Real Estate)

Estimated revenues include real estate and public utility personal property (PUPP).

Estimates are based on information from county auditors, Ohio Department of Taxation, and historical growth patterns, including scheduled updates and

reappraisals. The Miami Trace Local School District is a rural community primarily located in Fayette County but also includes five other counties:

Pickaway, Clinton, Madison, Highland, and Ross. The district is comprised of 401 square miles.

See Exhibits A-1 through A-5 for estimated tax calculations for each fiscal year.

See Exhibit B for property values by class, millage rates, collection amounts and percentages.

See Exhibit C for county property values, annual percentage changes and schedule of reappraisals and updates.

See Exhibits D & D-1 for property class percentage changes and forecasted percentage changes.

See Exhibit E for details of real property agreements and estimated tax receipts from expired tax exemption agreements.

Taxes are paid in arrears. For example, taxes based on calendar year 2018 property values are paid in calendar year 2019. A fiscal year begins July 1 and

continues through June 30. Each fiscal-year’s tax revenue is received from two different calendar (tax) years.

Taxpayers approved a renewal emergency levy with a reduction of $500,000 on May 2, 2017. The renewal with reduction levy, totaling $1,900,000, is

effective 2017 through 2021 (5 years), collections 2018 through 2022. The revenue collections affect FY18 (half-year) through FY23 (half-year).

Tax year 2018 was a reappraisal year for Fayette County, which is the primary county of the school district. Collection of 2018 taxes is in 2019, which

affects FY19 and FY20 revenues. The reappraisal affected the composition of total property valuations as follows:

TY 2017 TY2018

Agricultural 46% 34.8%

Residential 25.5% 26%

Public Utility Personal Property 14.9% 27.5%

Commercial 11.2% 9.3%

Industrial, Mineral & RR 2.4% 2.4%

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MTLSD Treasurer/CFO

November, 2019

Agricultural property was negatively affected by the changes in the calculation of CAUV (current agricultural use valuation) property pursuant to

legislative changes (O.R.C. 5715.01). Ross County is the only remaining county that has yet to experience the CAUV change. Its reappraisal is in

TY2019. This property classification was also positively affected by the termination of the Meerland Dairy tax exemption. TY2017 was the final

year of the exemption; thus, adding approximately $696,605 in value to agricultural property and partially offsetting the CAUV effects.

Public utility personal property (PUPP) increased due to the addition of new construction (compressor station) by Rockies Express Pipeline.

Commercial property decreased due to the reduction in value of the Tanger Outlet Mall. Tanger filed a complaint with the Fayette County Board

of Revisions requesting a reduction in its 2017 and 2018 property valuations. On October 22, 2018, the board of revision agreed to reduce the

2017 market value from $114,500,000 to $92,650,000. However, Tanger appealed the board of revisions’ decision. In July of 2019, an agreement

was reached for the 2017 value at $90,975,000, contingent on all parties withdrawing any complaints for the 2018 value. Once the agreement is

finalized, the county auditor will deduct a refund for the TY2017 valuation change from the district’s current year tax revenues. The estimated

amount for the refund for the general and emergency levies is $189,419 and is included in this forecast. No further deduction in property valuation

for Tanger is assumed in this forecast.

Even though the valuation composition of industrial, mineral and railroad property did not change, it is important to note that a tax exemption for

ASA Bloomingburg (ethanol plant) expired at the end of 2017. The assessed valuation of approximately $2,603,650 was added in 2018.

1.020 Tangible Personal Property Tax

None.

1.030 Income Tax

None.

1.035 Unrestricted State Grants-in-Aid (State Funding)

This category includes casino tax revenues, state funding and catastrophic reimbursement revenues.

Casino tax revenues received during FY19 were $138,714. This amount is forecasted for FY20 – FY23.

Catastrophic revenues are for reimbursement of costs for the education of special needs students that exceed a specific threshold established by the state.

This revenue is not consistent year-to-year. Only actual receipts are included in this forecast (for FY17 – FY19). These reimbursements are received in

the fiscal year following the expenditures.

Ohio public schools are funded from two main sources—local tax revenue and state funding. The general concept is that the more a district receives

locally per pupil, the less help it needs from the state. As the property valuation and local tax revenues increase, it is expected that a reduction in state

funding will occur (assuming little to no change in student levels). However, this has not always been the case due to a funding guarantee in the state’s

formula. In general, the guarantee provides a district at least the same amount of state revenue, or a percentage thereof, as it received in the prior fiscal

year. Historically, Miami Trace has benefited from the guarantee, and this forecast assumes continuation of that benefit. See Exhibit F for the FY20 state

funding calculation as released by the Ohio Department of Education. FY21-FY24 funding levels are forecasted at the FY20 amount.

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MTLSD Treasurer/CFO

November, 2019

See Exhibits G and H for historical ADM and enrollment information and Exhibits B, C or D for property valuations. These components are utilized in the

state funding formula.

A five-year forecast of state funding is difficult because Ohio operates on a 2-year (biennial) state budget that is approved by the state legislature and the

governor. Because of political and economic influences, changes may occur every 2 years. The current biennial budget for FY20 and FY21 has the

district continuing on the guarantee pursuant to the state funding formula.

1.040 Restricted State Grants-in-Aid (State Funding)

This category includes state funding that is restricted for specific purposes, specifically career-tech and economic disadvantaged funding.

The district utilizes Great Oaks JVS satellite programs for vocational agriculture, family and consumer science, career-based intervention and technical

educational. The district receives partial funding (20%) for its students participating in the satellite programs.

Economic disadvantaged funding may be utilized in any of the following categories: (1) extended school day and school year, (2) reading improvement

and intervention, (3) instructional technology or blended learning, (4) professional development in reading instruction for teachers of students in K-3

grades, (5) dropout prevention, (6) school safety and security measures, (7) community learning centers that address barriers to learning, (8) academic

interventions for students in grades 6-12.

1.045 Restricted Federal Grants-in-Aid None.

1.050 Property Tax Allocation

This category includes payments for homestead exemption and real property rollback tax credits that are paid by the State of Ohio. The rollbacks and

exemption are forms of property tax relief. Rollbacks include the 10% rollback applicable to non-business property and the 2.5% rollback for owner-

occupied residential property and agricultural property on which there is an owner-occupied home site. The homestead exemption may be applicable for

age-qualifying individuals who currently live in their home as their primary residence. These reimbursements are not affected by delinquencies. The

amounts are paid by the state as charged in full.

See Exhibits A-1 through A-5 for calculations of each fiscal year for homestead and rollback.

See Exhibit B for property values by class, millage rates, collection amounts and percentages.

See Exhibit C for county property values, annual percentage changes and schedule of reappraisals and updates.

See Exhibits D and D-1 for property class percentage changes and forecasted percentage changes.

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MTLSD Treasurer/CFO

November, 2019

1.060 All Other Revenues

This category includes the following:

Manufactured Homes Taxes

Wildlife Land Use Taxes

Tuition (regular, special education, catastrophic, vocational, open enrollment, summer school)

Interest

Class Fees

Student Activity Transportation Reimbursements

Rentals of property

Donations

Commissions

Compensation for Property Tax Exemptions (See Exhibit I.)

Compensation for Loss of Assets & Insurance Proceeds

Receipts from Intermediate Sources

Miscellaneous Other

The majority of revenues received in this category are from open enrollment, tuition from other districts for regular and special education and

compensation for property tax exemptions.

2.010 Proceeds from Sale of Notes

None.

2.020 State Emergency Loans and Advancements

None.

2.040 Operating Transfers-In

In September of 2013, the board of education passed a motion to maintain a reservation of fund balance for fiscal stabilization pursuant to O.R.C. Section

5705.15 equal to 5% of prior fiscal year general fund revenues (excluding other financing sources). The reservation total includes the Budget Reserve

Fund 001/9991 and the Budget Reserve – Health Insurance Fund 001/9108. The transfer-out is included on Line 5.010. Forecasted amounts reflect

changes for future funding levels in the budget reserve. A transfer is not forecasted for FY20 for the reserve because it is anticipated that the interest

earnings from the investment of the reserve will be sufficient to maintain the 5% requirement. See explanations for Line 5.010 Operating Transfers-Out

and Line 9.045 Reservation of Fund Balances.

2.050 Advances-In

In FY17, the board advanced $410,000 to the permanent improvement fund for high school improvements (See Line 5.020.).

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MTLSD Treasurer/CFO

November, 2019

2.060 All Other Financing Sources

This category includes sale of property and refund of prior year’s expenditures. Both categories of revenue are unpredictable and inconsistent. Prior year

refunds of expenditure include payments from the Bureau of Workers’ Compensation for rebates and/or participation in the group retrospective plan for

refunds of premium. During FY19, the Fayette County Auditor refunded overpaid, prior years’ tax collection fees in the amount of $556,158 for the

general fund.

EXPENDITURES

3.010 Personal Services (See Exhibit J.)

This category includes an estimate of salaries and wages per the current salary schedules for bargaining and non-bargaining employees. Current

bargaining unit agreements with the Miami Trace Education Association and the Miami Trace Non-Certified Employees Association expire June 30, 2021.

Beginning FY20, the district opened the Miami Trace Learning Center which serves alternative school and special education needs. This facility has a

director, alternative school coordinator, two teachers and three paraprofessionals.

Beginning FY21, this forecast includes two additional staff members—teacher and paraprofessional—for a potential autism unit being considered by the

superintendent.

3.020 Employees’ Retirement/Insurance Benefits (See Exhibit K.) This category includes the following legally mandated, negotiated and board-approved benefits:

Retirement—STRS & SERS

Surcharge—SERS

Medicare

Workers Compensation

Insurances—Health, Dental, Life

Unemployment Compensation

Tuition Reimbursement

Tool Allowance for Bus Mechanics

Other Staff Relations

For FY19 and for FY20, only 11 months of health insurance premiums are forecasted because of health insurance moratoriums approved by the board of

education. These moratoriums are a result of claims history and self-funding reserve balances. (The district is self-funded for health insurance through the

South Central Ohio Insurance Consortium.)

Health insurance benefits represent the majority of the expenditures for employees’ benefits. The following information was considered to forecast the

expenditure:

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MTLSD Treasurer/CFO

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a) Assumed percentage increases for insurance benefits for FY21-FY24 are based on current trends, historical analysis and the Affordable Care Act

regulations regarding cost of coverage to avoid an excise tax.

b) According to the Affordable Health Care Act, a 40 percent excise tax will be imposed on the cost of coverage for health plans that exceed a certain

annual limit beginning in 2022. The thresholds are $10,200 for individual coverage and $27,500 for family coverage and will be adjusted for

inflation and other factors prior to 2022 and forward. The district would be responsible for paying the tax on any dollar amount beyond the caps

that is considered excess health spending.

c) Forecasted premiums for health insurance for FY21 are assumed at the maximum per estimated inflationary-adjusted threshold amounts. Increases

are not forecasted beyond FY21. If proposed increases in premiums are received, the district will determine how much of an increase can be taken

based on the inflationary-adjusted threshold amounts at the time. Otherwise, benefit adjustments will be made to stay at or below the premium

thresholds.

3.030 Purchased Services

3.040 Supplies and Materials

3.050 Capital Outlay

The forecasted amounts are based on appropriations, expenditures and encumbrances to date and a three-year average of historical spending patterns of

actual expenditures compared to appropriations. A 1.8% annual inflation rate pursuant to the October, 2019, consumer price index for all products, is used

for forecasting FY21-FY24.

Due to the opening of the Miami Trace Learning Center in FY20, a reduction in purchased services for prior alternative school and special education needs

is included in this forecast. However, due to the needs of special education students, additional purchased services for other entities are expected in order

to appropriately provide for students’ educational requirements.

Additional purchased services for speech therapy are included beginning FY20. Previously, the district utilized only employees for these services.

Beginning FY20, the district utilizes both employees and purchased services.

3.060 Intergovernmental (7600 and 7700)

None.

4.010 through 4.060 Debt Service

None.

4.300 Other Objects

This category includes memberships, dues, awards and prizes, county auditor and treasurer fees, state auditor charges, bank fees, and other miscellaneous

amounts. The forecasted amount for FY20 is based on expenditures to date plus remaining appropriations and historical spending patterns of actual

expenditures compared to appropriations. The FY20 amount is forecasted for FY21-FY24.

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MTLSD Treasurer/CFO

November, 2019

5.010 Operating Transfers-Out

FY20 transfers are as follows:

1. $59,500 to student activity funds--H.S. Athletics (45,000), M.S. Athletics ($6,500), Drama Club ($500), Quick Recall ($500), H.S. Musical

($4,000), M.S. Musical ($2,000) and National Honor Society ($1,000)

A transfer for fiscal stabilization for FY20 is not forecasted, because interest earnings on the investment of the reservation balance are sufficient to

maintain the required level.

For FY21-FY24, transfers are forecasted for fiscal stabilization, student activities and termination and retirement benefits.

See explanations also for Line 2.04 Operating Transfers-In and Line 9.045 Reservation of Fund Balances.

5.020 Advances-Out

No advances are forecasted.

5.030 All Other Financing Uses

This category includes refunds of prior years’ receipts. This category is unpredictable and inconsistent. Nothing is forecasted beyond FY20.

8.010 Encumbrances

The FY19 year-end encumbrance amount is utilized for FY20-FY24.

Reservation of Fund Balances

9.045 – Fiscal Stabilization

In September of 2013, the board of education passed a fiscal policy to reserve 5% of the prior fiscal year general fund revenues (excluding other financing

sources) for the purpose of fiscal stabilization pursuant to O.R.C. Section 5705.15. The 5% includes two budget reservation funds. One is specifically for

health insurance, and the other is for general budget stabilization. See Exhibit L.

Revenue from Replacement/Renewal Levies

11.010 Income Tax – Renewal

None.

11.020 Property Tax – Renewal or Replacement

The district’s $1.9 million emergency levy expires on December 31, 2021 (collection 2022). This line of the forecast assumes e estimated first half of the

tax year 2022 levy proceeds are included for FY23 and the estimated full year amount for FY24.

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MTLSD Treasurer/CFO

November, 2019

Revenue from New Levies

13.010 Income Tax – New

None.

13.020 Property Tax – New

None.

14.010 Revenue from Future State Advancements

None.

15.010 Unreserved Fund Balance June 30

The balance assumes the renewal of the $1.9 million emergency levy.

ADM Forecasts

20.010 Kindergarten – ADM Count

20.020 Grades 1-12 – ADM Count

The estimated ADM count for FY20 is utilized for FY21-FY24.

NOTE 1: In September 2013, the board of education established a fiscal policy to maintain as a minimum carryover balance for the succeeding fiscal year an

unencumbered and unreserved general fund balance equal to two months of prior fiscal year average monthly general fund expenditures (excluding other financing

uses). Amendment of this policy requires board action. Based on the assumptions presented, the district will meet the minimum carryover balance through FY23.

See Exhibit L.

NOTE 2: In December of 2017, the board of education passed a motion to maintain a balance of $500,000 at fiscal yearend in the Termination and Retirement

Benefits Fund 035. This will be accomplished by investment earnings and transfers from the general fund. See Exhibit L for Fiscal Policy and Other Fiscal

Stabilization Methods.

NOTE 3: Please contact Debbie L. Black, CPA, Treasurer/CFO, at 740-335-3010 regarding any questions.

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EXHIBIT A-1

FY20 TAX ESTIMATES99.74% 3-year average collection rate, including delinquencies

2018 GEN. FUND REVENUE - ADJUSTED FALL '19 HOMESTEAD & NET FALL '19

CLASS OF PROPERTY TAX VALUE TAX RATE TO COLLECTION RATE SETTLEMENT 10% & 2.5% RLBKS SETTLEMENT

AG/RES 396,682,460$ .021660291 8,569,619$ 3,474,521$ 573,785$ 2,900,737$ OTHER 76,365,690$ .0221 1,683,235$ 682,462$ 682,462$ P.U.P.P. 179,212,670$ .0221 3,950,165$ 1,601,580$ 1,601,580$

TOTAL 652,260,820$ 14,203,019$ 5,758,563$ 573,785$ 5,184,778$

2019 GEN. FUND REVENUE - ADJUSTED SPRING '20 HOMESTEAD & NET SPRING '20


AG/RES 396,528,844$ .021660291 8,566,301$ 5,093,125$ 566,522$ 4,526,603$ OTHER 76,365,690$ .0221 1,683,235$ 1,000,774$ 1,000,774$ P.U.P.P. 179,212,670$ .0221 3,950,165$ 2,348,585$ 2,348,585$

TOTAL 652,107,204$ 14,199,701$ 8,442,483$ 566,522$ 7,875,961$

FY20 GEN. FUND TOTALS 14,201,046$ 1,140,306$ 13,060,740$

$1,900,000 EMG.

2018 EMERGENCY REVENUE - ADJUSTED FALL '19 HOMESTEAD & NET FALL '19


AG/RES 396,682,460$ .003 1,186,912$ 481,229$ 79,470$ 401,759$ OTHER 76,365,690$ .003 228,493$ 92,642$ 92,642$ P.U.P.P. 179,212,670$ .003 536,221$ 217,409$ 217,409$

TOTAL 652,260,820$ $1,900,000 1,951,627$ 791,280$ 79,470$ 711,810$

FY20 GEN. & 1/2 EMG. 14,992,326$ 1,219,777$ 13,772,549$

2019 EMERGENCY REVENUE - ADJUSTED SPRING '20 HOMESTEAD & NET SPRING '20


AG/RES 396,528,844$ .002963631 1,175,165$ 698,699$ 77,513$ 621,185$ OTHER 76,365,690$ .002963631 226,320$ 134,559$ 134,559$ P.U.P.P. 179,212,670$ .002963631 531,120$ 315,779$ 315,779$

TOTAL 652,107,204$ $1,900,000 1,932,605$ 1,149,037$ 77,513$ 1,071,524$

$1,900,000 EMG. TOTALS 1,940,318$ 156,984$ 1,783,334$

FY20 GEN. & EMG. TOTALS 16,141,364$ 1,297,290$ 14,844,073$

Real Property Tax Estimate 14,844,073$

Property Tax Allocation - not affected by delinquency 1,297,290$

General Homestead 217,211$ General Rollback 923,096$

Emergency Homestead 29,903$ Emergency Rollback 127,081$


November, 2019

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EXHIBIT A-2




AG/RES 396,528,844$ .021660291 8,566,301$ 3,473,176$ 573,562$ 2,899,613$ OTHER 76,365,690$ .0221 1,683,235$ 682,462$ 682,462$ P.U.P.P. 179,212,670$ .0221 3,950,165$ 1,601,580$ 1,601,580$

TOTAL 652,107,204$ 14,199,701$ 5,757,218$ 573,562$ 5,183,655$



AG/RES 396,528,844$ .021660291 8,566,301$ 5,093,125$ 566,522$ 4,526,603$ OTHER 76,365,690$ .0221 1,683,235$ 1,000,774$ 1,000,774$ P.U.P.P. 179,212,670$ .0221 3,950,165$ 2,348,585$ 2,348,585$

TOTAL 652,107,204$ 14,199,701$ 8,442,483$ 566,522$ 7,875,961$


$1,900,000 EMG.



AG/RES 396,528,844$ .002963631 1,172,069$ 475,211$ 78,477$ 396,735$ OTHER 76,365,690$ .002963631 225,723$ 91,519$ 91,519$ P.U.P.P. 179,212,670$ .002963631 529,721$ 214,773$ 214,773$

TOTAL 652,107,204$ $1,900,000 1,927,513$ 781,503$ 78,477$ 703,027$

FY21 GEN. & 1/2 EMG. 14,981,204$ 1,218,561$ 13,762,643$



AG/RES 396,528,844$ .002963631 1,175,165$ 698,699$ 77,513$ 621,185$ OTHER 76,365,690$ .002963631 226,320$ 134,559$ 134,559$ P.U.P.P. 179,212,670$ .002963631 531,120$ 315,779$ 315,779$

TOTAL 652,107,204$ $1,900,000 1,932,605$ 1,149,037$ 77,513$ 1,071,524$

$1,900,000 EMG. TOTALS 1,930,541$ 155,990$ 1,774,551$

FY21 GEN. & EMG. TOTALS 16,130,242$ 1,296,074$ 14,834,167$






November, 2019

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EXHIBIT A-3




AG/RES 396,528,844$ .021660291 8,566,301$ 3,473,176$ 573,562$ 2,899,613$ OTHER 76,365,690$ .0221 1,683,235$ 682,462$ 682,462$ P.U.P.P. 179,212,670$ .0221 3,950,165$ 1,601,580$ 1,601,580$

TOTAL 652,107,204$ 14,199,701$ 5,757,218$ 573,562$ 5,183,655$



AG/RES 396,528,844$ .021660291 8,566,301$ 5,093,125$ 566,522$ 4,526,603$ OTHER 77,079,515$ .0221 1,698,969$ 1,010,128$ 1,010,128$ P.U.P.P. 179,212,670$ .0221 3,950,165$ 2,348,585$ 2,348,585$

TOTAL 652,821,029$ 14,215,435$ 8,451,838$ 566,522$ 7,885,316$


$1,900,000 EMG.



AG/RES 396,528,844$ .002963631 1,172,069$ 475,211$ 78,477$ 396,735$ OTHER 76,365,690$ .002963631 225,723$ 91,519$ 91,519$ P.U.P.P. 179,212,670$ .002963631 529,721$ 214,773$ 214,773$

TOTAL 652,107,204$ $1,900,000 1,927,513$ 781,503$ 78,477$ 703,027$

FY22 GEN. & 1/2 EMG. 14,990,559$ 1,218,561$ 13,771,998$



AG/RES 396,528,844$ .002960445 1,173,902$ 697,948$ 77,430$ 620,518$ OTHER 77,079,515$ .002960445 228,190$ 135,671$ 135,671$ P.U.P.P. 179,212,670$ .002960445 530,549$ 315,440$ 315,440$

TOTAL 652,821,029$ $1,900,000 1,932,641$ 1,149,059$ 77,430$ 1,071,629$

$1,900,000 EMG. TOTALS 1,930,562$ 155,907$ 1,774,655$

FY22 GEN. & EMG. TOTALS 16,139,618$ 1,295,991$ 14,843,627$






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EXHIBIT A-4




AG/RES 396,528,844$ .021660291 8,566,301$ 3,473,176$ 573,562$ 2,899,613$ OTHER 77,079,515$ .0221 1,698,969$ 688,841$ 688,841$ P.U.P.P. 179,212,670$ .0221 3,950,165$ 1,601,580$ 1,601,580$

TOTAL 652,821,029$ 14,215,435$ 5,763,597$ 573,562$ 5,190,034$



AG/RES 396,528,844$ .021660291 8,566,301$ 5,093,125$ 566,522$ 4,526,603$ OTHER 77,079,515$ .0221 1,698,969$ 1,010,128$ 1,010,128$ P.U.P.P. 179,212,670$ .0221 3,950,165$ 2,348,585$ 2,348,585$

TOTAL 652,821,029$ 14,215,435$ 8,451,838$ 566,522$ 7,885,316$


$1,900,000 EMG.



AG/RES 396,528,844$ .002960445 1,170,809$ 474,700$ 78,392$ 396,308$ OTHER 77,079,515$ .002960445 227,588$ 92,275$ 92,275$ P.U.P.P. 179,212,670$ .002960445 529,151$ 214,543$ 214,543$

TOTAL 652,821,029$ $1,900,000 1,927,549$ 781,518$ 78,392$ 703,126$

FY23 GEN. & 1/2 EMG. 14,996,953$ 1,218,477$ 13,778,476$



AG/RES 396,528,844$ .002960445 1,173,902$ 697,948$ 77,430$ 620,518$ OTHER 77,079,515$ .002960445 228,190$ 135,671$ 135,671$ P.U.P.P. 179,212,670$ .002960445 530,549$ 315,440$ 315,440$

TOTAL 652,821,029$ $1,900,000 1,932,641$ 1,149,059$ 77,430$ 1,071,629$

$1,900,000 EMG. TOTALS 1,930,577$ 155,822$ 1,774,754$

FY23 GEN. & EMG. TOTALS 16,146,011$ 1,295,907$ 14,850,105$




Emergency Homestead - 1/2 14,933$ Emergency Rollback 63,460$

Emergency Homestead - Full 29,682$ Emergency Rollback 126,141$


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EXHIBIT A-5




AG/RES 396,528,844$ .021660291 8,566,301$ 3,473,176$ 573,562$ 2,899,613$ OTHER 77,079,515$ .0221 1,698,969$ 688,841$ 688,841$ P.U.P.P. 179,212,670$ .0221 3,950,165$ 1,601,580$ 1,601,580$

TOTAL 652,821,029$ 14,215,435$ 5,763,597$ 573,562$ 5,190,034$



AG/RES 396,528,844$ .021660291 8,566,301$ 5,093,125$ 566,522$ 4,526,603$ OTHER 77,079,515$ .0221 1,698,969$ 1,010,128$ 1,010,128$ P.U.P.P. 179,212,670$ .0221 3,950,165$ 2,348,585$ 2,348,585$

TOTAL 652,821,029$ 14,215,435$ 8,451,838$ 566,522$ 7,885,316$


$1,900,000 EMG.



AG/RES 396,528,844$ .002960445 1,170,809$ 474,700$ 78,392$ 396,308$ OTHER 77,079,515$ .002960445 227,588$ 92,275$ 92,275$ P.U.P.P. 179,212,670$ .002960445 529,151$ 214,543$ 214,543$

TOTAL 652,821,029$ $1,900,000 1,927,549$ 781,518$ 78,392$ 703,126$

FY24 GEN. & 1/2 EMG. 14,996,953$ 1,218,477$ 13,778,476$



AG/RES 396,528,844$ .002960445 1,173,902$ 697,948$ 77,430$ 620,518$ OTHER 77,079,515$ .002960445 228,190$ 135,671$ 135,671$ P.U.P.P. 179,212,670$ .002960445 530,549$ 315,440$ 315,440$

TOTAL 652,821,029$ $1,900,000 1,932,641$ 1,149,059$ 77,430$ 1,071,629$

$1,900,000 EMG. TOTALS 1,930,577$ 155,822$ 1,774,754$

FY24 GEN. & EMG. TOTALS 16,146,011$ 1,295,907$ 14,850,105$




Emergency Homestead 29,681.71$ Emergency Rollback 126,140.63$


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COUNTIES/PROPERTY VALUES (per Ohio Department Taxation DTE 13 & Fayette County Auditor) EXHIBIT B

Calendar Year Ag/Res (Class I) Other R.E. (Class II) P.U.P.P. Tangible P.P. Total

(Inds./Com/Min/RR) (current/not arrears)

2014 319,567,850$ 85,616,690$ 82,157,060$ 487,341,600$ 2015 430,438,650$ 80,367,200$ 82,799,730$ 593,605,580$ 2016 432,075,800$ 82,409,310$ 90,270,700$ 604,755,810$ 2017 432,075,800$ 82,409,310$ 90,270,700$ 604,755,810$ 2018 396,682,460$ 76,365,690$ 179,212,670$ 652,260,820$ 2019 estimated 396,528,844$ 76,365,690$ 179,212,670$ 652,107,204$

Note: Per Fayette County Auditor, manufactured home values still considered mobile homes (no permanent foundation) not included in these values.

The taxes and H & R credits for manufactured (mobile) homes are received separately. Mfrd. Homes with permanent foundations included in Class I values.

MILLAGE (less bond & mtn. issue & PI) (using DTE515)Calendar Year Full Millage (G&E) Class I Effective Class II Effective

2014 0.0279 0.025445002 0.0256185792015 0.02627 0.024170002 0.0254438432016 0.02622 0.024120002 0.0256237992017 0.0253 0.023241147 0.0246696092018 0.0251 0.024660291 0.02512019

(current--not arrears)

TAXES RECEIVABLE Ag/Res Other R. E. P.U.P.P. Subtotal Tangible Total Collectible

Calendar Year (effective Class I) (effective Class II) (full millage) (full millage) (Gen. & Emg.)2014 (rec. 2015) 8,131,405$ 2,193,378$ 2,292,182$ 12,616,964$ -$ 12,616,964$ 2015 (rec. 2016) 10,403,703$ 2,044,850$ 2,175,149$ 14,623,702$ -$ 14,623,702$ 2016 (rec. 2017) 10,421,669$ 2,111,640$ 2,366,898$ 14,900,207$ -$ 14,900,207$ 2017 (rec. 2018) 10,041,937$ 2,033,005$ 2,283,849$ 14,358,791$ -$ 14,358,791$ 2018 (rec. 2019) 9,782,305$ 1,916,779$ 4,498,238$ 16,197,322$ -$ 16,197,322$ 2019 (rec. 2020)

COLLECTIONS

Calendar Year Rec'd First Half Second Half Subtotal First Half Second Half Subtotal First Half Second Half Subtotal Total % COLLECTED

2015 (2014 taxes) 6,702,327$ 4,630,684$ 11,333,011$ 130,272$ 131,280$ 261,552$ 447,187$ 449,944$ 897,131$ 12,491,695$ 99.01%

2016 (2015 taxes) 7,907,825$ 5,285,309$ 13,193,134$ 122,023$ 125,327$ 247,351$ 557,554$ 556,062$ 1,113,616$ 14,554,101$ 99.52%

2017 (2016 taxes) 8,015,118$ 5,342,882$ 13,358,000$ 120,290$ 124,529$ 244,819$ 561,344$ 560,535$ 1,121,879$ 14,724,698$ 98.82%

2018 (2017 taxes) 7,902,366$ 5,141,999$ 13,044,365$ 120,275$ 122,125$ 242,401$ 539,563$ 540,657$ 1,080,220$ 14,366,986$ 100.06%

2019 (2018 taxes) 8,660,907$ 6,275,962$ 14,936,869$ 123,613$ 126,677$ 250,290$ 532,080$ 531,598$ 1,063,678$ 16,250,838$ 100.33%

2020 (2019 taxes)

19% 81%Collection Rate

(avg. last 3 years) 59.46% 40.54% 100% 49.38% 50.62% 100% 50.00% 50.00% 100% 99.74%

Homestead collection % of Total (3 yr. avg.) 1.63% Rollback collection % of Total (3 yr. avg.) 7.20% 8.83%Homestead & Rollback collections exclude manufactured (mobile) homes.

Note: Delinquent collections included in year of collection for %COLLECTED.

Homestead & rollback only a factor for Class I property.

Percentage of H/R to Class I

TY2018 13.39%TY2017 13.16%TY2016 13.27%

3 year average 13.27%

Total R.E. & P.U.P.P. Collected Homestead 10% & 2.5% Rollback


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COUNTIES/PROPERTY VALUES EXHIBIT C

(using DTE13, ODT)Tax Year 2014 2015 2016 2017 2018 2019 estimated

Fayette 468,527,970$ 575,035,800$ 582,330,910$ 586,264,270$ 633,679,070$ $633,679,070

Pickaway 16,261,790$ 16,204,510$ 16,214,000$ 15,936,630$ 16,043,460$ 16,043,460$

Clinton 55,550$ 55,550$ 55,550$ 54,190$ 54,190$ 54,190$

Highland 130,310$ 213,890$ 213,890$ 213,890$ 172,670$ 172,670$

Ross 604,540$ 586,240$ 639,450$ 639,770$ 686,290$ 532,674$

Madison 1,761,440$ 1,758,190$ 1,759,840$ 1,647,060$ 1,625,140$ 1,625,140$

TOTAL 487,341,600$ 593,854,180$ 601,213,640$ 604,755,810$ 652,260,820$ 652,107,204$

21.86% 1.24% 0.59% 7.86% -0.02%

Note: Bold items = reappraisal or update

Percentage of change from one year to next.

Fayette 22.73% 1.27% 0.68% 8.09%Pickaway -0.35% 0.06% -1.71% 0.67%Clinton 0.00% 0.00% -2.45% 0.00%Highland 64.14% 0.00% 0.00% -19.27%Ross -3.03% 9.08% 0.05% 7.27%Madison -0.18% 0.09% -6.41% -1.33%TOTAL 21.86% 1.24% 0.59% 7.86%

Fayette Pickaway Clinton Madison Highland Ross

Calendar Year

2014 Update Update Reappraisal2015 Update Update2016 Update2017 Reappraisal Reappraisal Update2018 Reappraisal Reappraisal2019 Reappraisal2020 Update Update Reappraisal2021 Update Update2022 Update2023 Reappraisal Reappraisal Update2024 Reappraisal Reappraisal

REAPPRAISAL & UPDATE SCHEDULE


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Calendar Year Ag/Res (Class I) Other R.E. (Class II) P.U.P.P. Total EXHIBIT D

(inds/com/min/RR)

2014 319,567,850$ 85,616,690$ 82,157,060$ 487,341,600$ **2015 430,438,650$ 80,367,200$ 82,799,730$ 593,605,580$ **2016 432,075,800$ 82,409,310$ 90,270,700$ 604,755,810$ **2017 432,075,800$ 82,409,310$ 90,270,700$ 604,755,810$ **2018 396,682,460$ 76,365,690$ 179,212,670$ 652,260,820$ **

2019 estimate 396,528,844$ 76,365,690$ 179,212,670$ 652,107,204$

2020 estimate 396,528,844$ 76,365,690$ 179,212,670$ 652,107,204$

2021 estimate 396,528,844$ 77,079,515$ 179,212,670$ 652,821,029$

2022 estimate 396,528,844$ 77,079,515$ 179,212,670$ 652,821,029$

2023 estimate 396,528,844$ 77,079,515$ 179,212,670$ 652,821,029$

Actual valuations per ODT DTE13.

Percentage of change from one year to next.

Calendar Year Ag/Res (Class I) Other R.E. (Class II) P.U.P.P. Total

(inds/com/min/RR)

2015 34.69% -6.13% 0.78% 21.80%2016 0.38% 2.54% 9.02% 1.88%2017 0.00% 0.00% 0.00% 0.00%2018 -8.19% -7.33% 98.53% 7.86%

2019 estimated -0.04% 0.00% 0.00% -0.02%

2020 estimated 0.00% 0.00% 0.00% 0.00%

2021 estimated 0.00% 0.93% 0.00% 0.11%

2022 estimated 0.00% 0.00% 0.00% 0.00%

Notes: Per Fayette County Auditor, manufactured home values still considered mobile homes (no permanent foundation) not included in these values.

Estimated percentage increases/decreases based on input from Fayette County Auditor.

**Full Classification Breakdown TY2014 TY2015 TY2016 TY2017 TY2018 TY18 % of Total TY17 % of Total

Agriculture 171,542,250$ 280,165,600$ 280,398,330$ 277,918,090$ 226,675,450$ 34.8% 46.0%

Residential 148,025,600$ 150,273,050$ 151,589,470$ 154,157,710$ 170,007,010$ 26.1% 25.5%

Commercial 72,519,610$ 68,171,110$ 67,570,620$ 67,645,650$ 60,889,130$ 9.3% 11.2%

Industrial 12,976,470$ 12,329,300$ 12,976,630$ 14,644,110$ 15,360,810$ 2.4% 2.4%

Mineral & RR 120,610$ (133,210)$ (130,790)$ 119,550$ 115,750$ 0.0% 0.0%

PUPP 82,157,060$ 82,799,730$ 88,560,780$ 90,270,700$ 179,212,670$ 27.5% 14.9%

Total 487,341,600$ 593,605,580$ 600,965,040$ 604,755,810$ 652,260,820$


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Valuation per Property Type per County - per DTE13s EXHIBIT D-1

2014 Agricultural Residential Mineral Industrial Commercial PUPP Railroad TOTAL

Clinton 55,550$ 55,550$ Fayette 163,106,860$ 139,236,100$ 2,440$ 12,948,650$ 71,595,390$ 81,520,360$ 118,170$ 468,527,970$ Highland 81,620$ 48,690$ 130,310$ Madison 1,234,850$ 526,590$ 1,761,440$ Pickaway 6,476,930$ 8,210,720$ 27,820$ 924,220$ 622,100$ 16,261,790$ Ross 586,440$ 3,500$ 14,600$ 604,540$

171,542,250$ 148,025,600$ 2,440$ 12,976,470$ 72,519,610$ 82,157,060$ 118,170$ 487,341,600$

2015 Agricultural Residential Mineral Industrial Commercial PUPP Railroad TOTAL

Clinton 55,550$ 55,550$ Fayette 271,735,910$ 141,481,830$ 2,440$ 12,301,480$ 67,246,890$ 82,154,300.00$ 112,950$ 575,035,800$ Highland 165,200$ 48,690$ -$ -$ -$ -$ -$ 213,890$ Madison 1,231,600$ 526,590$ -$ -$ -$ -$ -$ 1,758,190$ Pickaway 6,442,300$ 8,179,390$ -$ 27,820$ 924,220$ 630,780$ (248,600)$ Ross 535,040$ 36,550$ -$ -$ -$ 14,650$ -$ 586,240$

280,165,600$ 150,273,050$ 2,440$ 12,329,300$ 68,171,110$ 82,799,730$ (135,650)$ 577,649,670$ 18.53%

2016

Agricultural Residential Mineral Industrial Commercial PUPP Railroad TOTAL

Clinton 55,550$ 55,550$ Fayette 271,915,740$ 142,826,810$ 2,440$ 12,948,810$ 66,646,300$ 87,875,440.00$ 115,370$ 582,330,910$ Highland 165,200$ 48,690$ -$ -$ -$ -$ -$ 213,890$ Madison 1,233,250$ 526,590$ -$ -$ -$ -$ -$ 1,759,840$ Pickaway 6,442,300$ 8,149,640$ -$ 27,820$ 924,320$ 669,920$ (248,600)$ 15,965,400$ Ross 586,290$ 37,740$ -$ -$ -$ 15,420$ -$ 639,450$

280,398,330$ 151,589,470$ 2,440$ 12,976,630$ 67,570,620$ 88,560,780$ (133,230)$ 600,965,040$ 4.04%

2017


Clinton 54,190$ -$ -$ -$ -$ -$ -$ 54,190$ Fayette 270,929,700$ 144,363,060$ 2,440$ 14,644,110$ 66,644,260$ 89,563,590$ 117,110$ 586,264,270$ Highland 165,200$ 48,690$ -$ -$ -$ -$ -$ 213,890$ Madison 1,046,930$ 600,130$ -$ -$ -$ -$ -$ 1,647,060$ Pickaway 5,135,780$ 9,108,090$ -$ -$ 1,001,390$ 691,370$ -$ 15,936,630$ Ross 586,290$ 37,740$ -$ -$ -$ 15,740$ -$ 639,770$

277,918,090$ 154,157,710$ 2,440$ 14,644,110$ 67,645,650$ 90,270,700$ 117,110$ 604,755,810$ 0.63%


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2018


Clinton 54,190$ -$ -$ -$ -$ -$ -$ 54,190$ Fayette 219,862,040$ 160,190,120.00$ -$ 15,360,810$ 59,676,260$ 178,474,090$ 115,750$ 633,679,070$ Highland 112,990$ 59,680$ -$ -$ -$ -$ -$ 172,670$ Madison 1,025,010$ 600,130$ -$ -$ -$ -$ -$ 1,625,140$ Pickaway 4,988,640$ 9,119,340$ -$ -$ 1,212,870$ 722,610$ -$ 16,043,460$ Ross 632,580$ 37,740$ -$ -$ -$ 15,970$ -$ 686,290$

226,675,450$ 170,007,010$ -$ 15,360,810$ 60,889,130$ 179,212,670$ 115,750$ 652,260,820$ 7.86%

2019 ESTIMATEAgricultural Residential Mineral Industrial Commercial PUPP Railroad TOTAL

Clinton 54,190$ -$ -$ -$ -$ -$ -$ 54,190$

Fayette 219,862,040$ 160,190,120$ -$ 15,360,810$ 59,676,260$ 178,474,090$ 115,750$ 633,679,070$

Highland 112,990$ 59,680$ -$ -$ -$ -$ -$ 172,670$

Madison 1,025,010$ 600,130$ -$ -$ -$ -$ -$ 1,625,140$

Pickaway 4,988,640$ 9,119,340$ -$ -$ 1,212,870$ 722,610$ -$ 16,043,460$

Ross 474,435$ 42,269$ -$ -$ -$ 15,970$ -$ 532,674$

226,517,305$ 170,011,539$ -$ 15,360,810$ 60,889,130$ 179,212,670$ 115,750$ 652,107,204$ -0.02%

Actual Percentage Changes

TY17 to TY18 -18.44% 10.28% -100.00% 4.89% -9.99% 98.53% -1.16% 7.86%

TY16 to TY17 -0.88% 1.69% 0.00% 12.85% 0.11% 1.93% -187.90% 0.63%

TY15 to TY16 0.08% 0.88% 0.00% 5.25% -0.88% 6.96% -1.78% 4.04%

TY14 to TY15 63.32% 1.52% 0.00% -4.99% -6.00% 0.78% -214.79% 18.53%

Estimated CAUV and residential changes based on patterns in surrounding counties.


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Real Property Agreements EXHIBIT E

Property at 62/35 Agreement: May, 200530 year, 100% TIF agreement on real property improvementsAgreement with City of Washington C. H.Semi-annual payments from City of Washington C. H. in an amount equal to 35% of the service payments in lieu of taxes.MT receives 100% of bond tax dollars.TIF payments started in FY08 (TY2007)

Wal-Mart Distribution Center Agreement: MT resolution December 2001Years 1-10: 80% tax abatement on 50.0002% of

real property improvements30 year, 100% TIF agreement on real property

improvementsAgreement with City of Washington C. H.Semi-annual payments from City of Washington C. H. in an amount equal to 75% of the service payments in lieu of taxes.MT receives 100% of bond tax dollars.TIF payments started in FY03 (TY2002), ends 2031

Wal-Mart Store Property (includes Wal-Mart Store, McDonalds, Fayette Investor LLC, Tiffin Avenue, RLG Fayette LTD (strip mall & auto bath), C. H. Plaza, tire store)30 year, 100% TIF agreement on real property improvementsAgreement with City of Washington C. H.Semi-annual payments from City of Washington C. H. in an amount equal to 35% of the service payments in lieu of taxes.MT receives 100% of bond tax dollars.TIF payments started in FY03 (TY2002), end 2031

YUSA(per Fayette County Auditor's Office)Community reinvestment area tax exemption programsParcel No. Market Value Abated Thru TY Taxable Values190-018-0-00-008-04 $2,039,500 2020 $713,825 TY21(Value per Fayette County Auditor's Office 5/17/19)

McKesson/Wiley Industries15 year, 100% abatement on real property improvementsAgreement with McKesson/Wiley IndustriesAnnual payments of $37,500 for 15 years beginning year enterprize zone agreement approvedEstimated start - 2021 37,500$

Menard, Inc.Enterprise Zone Agreement - 60% abatement for 10 years(Under construction at the time of this forecast. No additional revenue for 40% included in the forecast.)

Real Property Taxable Value Additions (added to Per Class per County worksheet)

Enterprise Zone Provides tax incentives for businesses that expand or locate in Ohio. School district may or may not be involved in tax incentives, depending on the term and exemption percentage of the property.

Community Reinvestment Area Program Provides local tax incentives for residents and businesses that invest in designated areas of Ohio.


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School Finance Payment Report (SFPR) EXHIBIT F

FY20 - November #1

STATE FUNDINGA Foundation Formula Funding 11,094,933.47$

ADDITIONAL AID ITEMSB Student Wellness and Success Funding FUND 467 637,374.27$ C Enrollment Growth Supplement Funding -$ D Preschool Special Education Funding 212,535.08$ E Special Education Transportation Funding 55,226.20$ F Total Additional Aid Items 905,135.55$

TOTAL STATE FUNDINGG Total Foundation Formula Funding Plus Additional Aid Items 12,000,069.02$

General Fund Portion (excludes SWSF) 11,362,694.75$

TRANSFERS & ADJUSTMENTS (expenditures)H Education Service Center Transfer (32,581.75)$ I Open Enrollment Adjustment 584,692.29$ J Community School Transfer (269,350.24)$ K STEM School Transfer -$ L Scholarship Transfer (103,156.50)$ M Other Adjustments (146,774.52)$ N Total Transfers & Adjustments 32,829.28$

NET STATE FUNDINGO Total Calculated Funding Plus Total Transfers & Adjustments 12,032,898.30$

Disclosure ItemsP Career-Technical Education Component of Line A = FY19 11,131.05$ Q Economic Disadvantaged Component of Line A = FY19 201,961.86$ R Special Education Additional Component of Line A = FY19 705,126.55$

Statewide Factors & Parameters:s1 Statewide Formula ADM FY20 1,647,781.97s2 Economic Disadvantaged % 43.1744304s3 3 Year Average Total Valuation TY18, TY17, TY16 264,262,151,321.00$ s4 3 Year Average Federal Adjusted Gross Income TY17, TY16, TY15 326,997,848,177.00$

District Factors & Parameters:a Base ADM Data

a1 Formula ADM (a2-(0.8*a5)+(0.2*a6)) 2,414.54a2 Adjusted Total ADM (a3-(0.5*a4)) 2,538.37a3 Total ADM 2,538.37a4 Tuition Kindergarten FTE 0a5 Jointure JVS ADM 154.79a6 Contract Vocational ADM 0

b Special Education ADM Data 315.47b1 Category 1 SE ADM 43.78b2 Category 2 SE ADM 201.43b3 Category 3 SE ADM 15.44b4 Category 4 SE ADM 2b5 Category 5 SE ADM 17.11b6 Category 6 SE ADM 35.71

c Career Tech FTE 5.68c1 Category 1 CT FTE 2.92c2 Category 2 CT FTE 0.81c3 Category 3 CT FTE 0.35


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c4 Category 4 CT FTE 0.95c5 Category 5 CT FTE 0.65

d Limited English proficient ADM 23.49d1 Category 1 LEP ADM 3.03d2 Category 2 LEP ADM 20.46d3 Category 3 LEP ADM 0

e Additional ADM Datae1 K-3 Formula ADM 739.53e2 K-3 E-School Formula ADM 1050e3 Net Formula ADM [a1-(e4*0.75)-e5-(e6-e7)-e8-e9] 2372.2505e4 Brick & Mortar Community & STEM School Formula ADM 1.25e5 E-School Formula ADM 37.4e6 Autism Scholarship ADM 3.95e7 Preschool Autism Scholarship ADM 0e8 Jon Peterson Scholarhsip 0e9 Ed Choice Scholarship ADM 0

e10 Economic Disadvantaged ADM 1.033.90e11 Economic Disadvantaged Percentage 40.7308627e12 E-School Economically Disadvantaged ADM 21.42

f 3 Year Average Federal Adjusted Gross Income ((TY 17+TY16 +TY15)/3) 351,154,253.00$ f1 TY17 Federal Adjusted Gross Income 357,565,757.00$ f2 TY16 Federal Adjusted Gross Income 346,871,952.00$ f3 TY15 Federal Adjusted Gross Income 349,025,050.00$

g 3 Year Average Total Real Valuation ((TY18+TY17+TY16)/3) 500,062,040.00$ g1 TY18 Total Real Valuation 473,048,150.00$ g2 TY17 Total Real Valuation 514,485,110.00$ g3 TY16 Total Real Valuation 512,652,860.00$

h 3 Year Average Agricultural Real Valuation ((TY18+TY17+TY16)/3) 261,663,956.67$ h1 TY18 Agricultural Real Valuation 226,675,450.00$ h2 TY17 Agricultural Real Valuation 277,918,090.00$ h3 TY16 Agricultural Real Valuation 280,398,330.00$

i 3-Year Average Total Valuation ((TY18+TY17+TY16)/3) 619,410,090.00$ i1 TY18 Total Valuation 652,260,820.00$ i2 TY17 Total Valuation 604,755,810.00$ i3 TY16 Total Valuation 601,213,640.00$

j State Share Index - FY19 0.322618362k Economic Disadvantaged Index [(e11/s3)^2] 0.890008151l Graduation Bonus Factors (based on FY17 Report Card Data)

n1 4 year adjusted graduation rate 95.10%n2 # graduates 174

m Third Grade Reading proficiency Bonus Factors (Based on FY15 Report Card Data)o1 Third Grade Reading Proficiency Rate 76.60%o2 # students scoring proficient or higher on Third Grade Reading Test 151


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ADM Analysis (MT resident students & court-placed students to MT) EXHIBIT G

FY15 FY16 FY17 FY18 FY19 FY20

Formula ADM 2413.56 2442.48 2,413.92 2,421.77 2,409.01 2,414.54

Total ADM 2510.02 2534.5 2,513.07 2,522.74 2,524.89 2,538.37

Special Education ADM 331.62 322.1 331.76 342.84 327.96 315.47

JVS Jointure ADM 120.57 115.06 123.94 126.21 144.85 154.79

District Enrollment - Students Educating (MT residents & nonresidents)

K 1 2 3 4 5 6 7 8 9 10 11 12 K 1-12 Total

Oct-19 205 204 194 190 206 206 212 189 209 222 210 183 214 205 2439 2644 50 1.9%Oct-18 209 195 182 204 194 212 182 208 214 217 190 211 176 209 2385 2594 -13 -0.5%Oct-17 199 183 207 203 218 182 219 220 221 195 207 172 181 199 2408 2607 -37 -1.4%Oct-16 188 201 198 226 185 220 216 211 190 222 173 200 214 188 2456 2644 49 1.9%Oct-15 204 192 234 190 217 215 212 189 211 198 178 189 166 204 2391 2595

District October Counts MTES MTMS MTHS

FY16 1252 612 731FY17 1218 617 809FY18 1192 660 755FY19 1196 604 794FY20 1205 610 829

Change


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5-Year District Enrollment

MTES

MTMS

MTHS

EXHIBIT H

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EXHIBIT I

**See Property Agreements worksheet.WALMART ST.** WALMART DIST.** 62/35** McKesson TOTAL

FISCAL YEAR

2017 48,035$ 238,346$ 108,436$ 394,817$ 2018 34,891$ 235,631$ 126,813$ 397,334$ 2019 51,303$ 248,493$ 107,196$ 406,992$ 2020 49,449$ 238,172$ 105,446$ 393,067$ 2021 49,449$ 238,172$ 105,446$ 37,500$ 430,567$ 2022 49,912$ 240,398$ 106,431$ 37,500$ 434,242$ 2023 49,912$ 240,398$ 106,431$ 37,500$ 434,242$ 2024 49,912$ 240,398$ 106,431$ 37,500$ 434,242$ 2025 49,912$ 240,398$ 106,431$ 37,500$ 434,242$ 2026 49,912$ 240,398$ 106,431$ 37,500$ 434,242$ 2027 49,912$ 240,398$ 106,431$ 37,500$ 434,242$ 2028 49,912$ 240,398$ 106,431$ 37,500$ 434,242$ 2029 49,912$ 240,398$ 106,431$ 37,500$ 434,242$ 2030 49,912$ 240,398$ 106,431$ 37,500$ 434,242$ 2031 49,912$ 240,398$ 106,431$ 37,500$ 434,242$ 2032 37,500$ 37,500$ 2033 37,500$ 37,500$ 2034 37,500$ 37,500$ 2035 37,500$ 37,500$

Note 1: In FY19, the Fayette County Auditor refunded overpaid fees. The TIF share of those fees were refunded by the City of Washington ($13,924.63).Note 2: On November 18, 2019, the board of education approved a tax incentive compensation agreement with McKesson.


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PERSONAL SERVICES - General Fund EXHIBIT J

SALARIES & WAGES - used payroll worksheets 11-5-19 payroll

Bargaining unit agreements through FY21Steps only FY22 - FY23


Administrators & Classified Supervisors 1,964,264$ 2,047,878$ 2,089,989$ 2,120,434$ 2,147,649$ Non-union Classified 831,116$ 887,734$ 901,599$ 916,303$ 930,132$ Classified Union 2,619,985$ 2,748,855$ 2,800,034$ 2,839,708$ 2,877,859$ Certified Union 9,407,036$ 9,810,680$ 9,972,653$ 10,078,836$ 10,179,990$

TOTAL STEPS + SALARIES/WAGES 14,822,402$ 15,495,145$ 15,764,275$ 15,955,281$ 16,135,629$ Supplementals 316,975$ 369,899$ 379,147$ 379,147$ 379,147$ Additional/Overtime 106,250$ 109,172$ 111,901$ 111,901$ 111,901$ Substitutes, tutors, board members, core subject specialists, CBIP students, field trips, as-needed employees, vacation payout, translator, etc. 691,281$ 791,281$ 791,281$ 791,281$ 791,281$ SUBTOTAL PERSONAL SERVICES 15,936,907$ 16,765,497$ 17,046,604$ 17,237,610$ 17,417,957$

Retirement Changes - not forecasted

TOTAL PERSONAL SERVICES 15,936,907$ 16,765,497$ 17,046,604$ 17,237,610$ 17,417,957$


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3.020 Employees' Retirement/Insurance Benefits EXHIBIT K

INSURANCE BENEFITS - General Fund


Health FY20+1.03% FY21 FY22 FY233,801,561$ 4,271,572$ 4,271,572$ 4,271,572$ 4,271,572$

Less moratorium for December, 2019 (November payroll deductions), Back to 12

months effective FY21

Estimated 1.03% increase for FY21 per ACA calculation of adjusted thresholds

Dental FY20+2% FY21 FY22+2% FY231 year contract FY20 approved 86,969$ 88,709$ 88,709$ 90,483$ 90,483$

Life FY20 FY21 FY22 FY233-year contract (FY20-FY22) 18,546$ 18,546$ 18,546$ 18,546$ 18,546$

TOTALS 3,907,076$ 4,378,827$ 4,378,827$ 4,380,601$ 4,380,601$

GENERAL FUND

Retirement (210/220) 0.1400Medicare (249/259) 0.0145Workers Comp (261/262) 0.0065 (WC paid in arrears) 0.1619 0.1619


Retirement 2,384,059$ 2,347,170$ 2,386,525$ 2,413,265$ 2,438,514$ Medicare 254,463$ 243,100$ 247,176$ 249,945$ 252,560$ Workers Comp 98,755$ 108,976$ 110,803$ 112,044$ 113,217$ TOTAL 6,644,353$ 7,078,072$ 7,123,330$ 7,155,856$ 7,184,892$

*Tuition Reimb. - Staff & Adm. 56,895$ 48,100$ 48,100$ 48,100$ 48,100$ Unemployment Compensation 5,069$ 5,069$ 5,069$ 5,069$ 5,069$

Miscellaneous (Tool Allowance, Staff Relations, Meeting Expense) 44,820$ 45,717$ 46,631$ 47,564$ 48,515$ TOTAL BENEFITS 6,751,137$ 7,176,957$ 7,223,130$ 7,256,589$ 7,286,576$ *per negotiated agreement

Retirement changes - not forecastedInsurances for 2 additional staff for autism unit beginning FY21 57,721$ 57,721$ 57,721$ 57,721$

TOTAL BENEFITS 6,751,137$ 7,234,678$ 7,280,850$ 7,314,309$ 7,344,296$


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5,000

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15,000

20,000

25,000

30,000

35,000T

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Total Expenditures, Revenues and Fund Balances

Total RevenuesTotal ExpendituresExcess Revenues over (under) ExpendituresCash Balance June 30Fund Balance June 30 for Certification of AppropriationsUnreserved Fund Balance June 30

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EXHIBIT L

FISCAL POLICY

1. Reservation of Fund Balance = 5% of PY revenues (excluding other financing sources - Line 1.070) Line 9.045


1,520,213$ 1,558,505$ 1,569,295$ 1,569,764$ 1,512,631$

2. Minimum Unencumbered Unreserved Carryover Balance = 2 months of PY average monthly expenditures

(excluding other financing uses - Line 4.5)


Carryover Balance Minimum 4,839,180$ 4,905,495$ 5,143,127$ 5,195,750$ 5,252,411$ Carryover Balance per Forecast** 14,970,826$ 15,311,966$ 15,362,453$ 13,940,631$ 11,466,979$ Over/(Under) Minimum 10,131,646$ 10,406,471$ 10,219,325$ 8,744,880$ 6,214,569$ ** Note: Not assuming renewal of $1,900,000 emergency levy.

OTHER FISCAL STABILIZATION METHODS

1. Minimum Unencumbered Balance of $500,000 at fiscal yearend for the Termination and Retirement Benefits Fund 035.

(Transfer from General Fund)

2. Employee Self-Insurance Fund

3. Permanent Improvement Fund (Reallocation of Inside Millage)

4. Classroom Facilities Maintenance Funds (3)


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Documents

Miami Trace Local School District · 20.015 Grades 1-12 - ADM Count 2,335 2,336 2,335 0.0% 2348 2348 2348 2348 2348 See accompanying summary of significant forecast assumptions and