VANGUARD-SENTINEL CAREER and TECHNOLOGY CENTERS BOARD OF EDUCATION MEETING. September 21, Administration Center, Fremont, Ohio. 6:30 p.m.

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1 VANGUARD-SENTINEL CAREER and TECHNOLOGY CENTERS BOARD OF EDUCATION MEETING September 21, 2017 Administration Center, Fremont, Ohio 6:30 p.m. Tim Damschroder, President Gibsonburg Chris Widman, Vice-President - Tiffin Jaimie Beamer - Seneca East Larry Bowman - Old Fort Fremont Barbara Drusbacky - Port Clinton Nancy Greenslade - Clyde-Green Springs Neil Kinley - Upper Sandusky Kathy Koehler - Mohawk Karen Lang - Hopewell-Loudon Barbara Lehmann - Lakota Stephanie Reinhart - New Riegel Anthony Thompson Fostoria Alan W. Binger, Treasurer Gregory A. Edinger, Superintendent

2 VANGUARD-SENTINEL CAREER and TECHNOLOGY CENTERS BOARD OF EDUCATION CONTENTS September 21, 2017 Agenda - Summary Minutes of the Regular Meeting Fiscal Year Analysis Financial Summary Report Investments Report Check Payment Register

3 VANGUARD-SENTINEL CAREER and TECHNOLOGY CENTERS BOARD OF EDUCATION MEETING Administration Center, Fremont, Ohio September 21, :30 p.m. Regular Meeting Agenda A. Call meeting to order Tim Damschroder, President B. Pledge of Allegiance to the Flag C. Roll Call D. Approve the minutes of the August 17, 2017 regular meeting. E. Administrative reports and discussion F. Approval of Agenda (Additions, deletions, movement of consent agenda items) G. Consent Agenda Superintendent s reports and recommendations. The Superintendent recommends that the Board of Education approve the Consent Agenda Items G.1. through G.3. Action by the Board of Education in Adoption of the Consent Agenda means that all items are adopted by one single motion unless a member of the Board or the Superintendent requests that any such item be removed from the consent agenda and voted upon separately. G.1. Personnel a) Accept the following staff resignations: 1) David Olds. VSCTC Criminal Justice instructor, effective August 28, ) Ashley Martorana, SCTC Custodian, effective August 24, b) Approve leave without pay for Jennifer Sharp, VTC Secretary, for the school year, September 6 and 7, 2017 (2 days), c) Issue the following certified supplemental teaching contracts for the school year, as assigned, at the Board adopted rate of pay pending proper credentials: 1) Substitute instructor John Elder Sandy Koler eff 9/18/17 James Scharer Keri Lennon-Shaull 2) Adult Education instructor Cindy Barth Edward Brown Keith Johnson Mike Mezinger Brady Shull Matt Toflinski d) Approve the following grant funded Aspire Adult Education contracts to work as assigned for the school year - pending proper crendentials: 1) Adult Education ASPIRE instructor - $20.00/hour Rhonda Huffman 2) Adult Education Aspire Educational Aide - $11.00/hour Jacqueline Wellman

4 G.2. G.3. Permanent improvements and equipment purchases Renewal of Smartnet contracts for district Voice/Data services & equipment for the school year from Presidio, Toledo in the amount of $28, Approval of OSBA Travel Expenses Reimbursement A RESOLUTION APPROVING THE TRAVEL EXPENSE REIMBURSEMENT OF VANGUARD-SENTINEL CAREER & TECHNOLOGY CENTERS BOARD OF EDUCATION MEMBERS AS THEY RELATE TO OHIO SCHOOL BOARDS ASSOCIATION SERVICE WHEREAS, the Vanguard-Sentinel Career & Technology Centers (VSCTC) school district is a member of the Ohio School Boards Association (OSBA); and WHEREAS, the OSBA is an association created for the purpose of fulfilling and advancing the VSCTC school district s statutory mandate by working for the general advancement of public education in Ohio, for the desirable and efficient working relationships among boards of education, school administrators, teachers and the public, and to maintain channels for exchange of ideas among and distribution of information to school districts to provide better and more effective public service to public schools; and WHEREAS, the VSCTC Board of Education members Jaimie Beamer and Chris Widman will serve in a relevant role for the OSBA in the year of 2017; therefore NOW, BE IT RESOLVED that the VSCTC Board of Education determines that Jaimie Beamer s and Chris Widman s service in a relevant role of the OSBA, and travel in that role, is related to their official duties as a member of the VSCTC Board of Education; and That any travel expenses paid for Jaimie Beamer s and Chris Widman s travel to OSBA conferences, seminars, and similar events during the year of 2017 are ordinary, customary and necessary provided that the travel expenses are the lesser of (1) the amount that VSCTC school district allows to be reimbursed for travel to the destination; or (2) the current per diem rate set by the United States General Services Administration for travel to the destination. H. Financial Consent Agenda The Treasurer recommends that the Board of Education approve the Financial Consent Agenda Items H.1. through H.3. Action by the Board of Education in Adoption of the Consent Agenda means that all items are adopted by one single motion unless a member of the Board or the Treasurer requests that any that any such items be removed from the consent agenda and voted upon separately. H.1. H.2. H.3. Monthly Financial Reports a) Fiscal Year Analysis b) Fiscal Data Graphs c) Financial Summary Report d) Investment Report e) Check Payment Register General Fund Transaction Approve the initial advance of $5, from General Fund (001) to Fund 009 Uniform Schools Supply. FY18 Appropriations and Five Year Forecast Adopt appropriations for the period July 1, 2017 to June 30, 2018 in the amount of $19,059, and approve the Five Year Forecast through June 30, 2022.

5 I. Non-Consent Action Item J. Legislative Liaison Report K. Board Initiated Business L. Executive Session M. Adjournment Opportunities shall be given to the public to address regular or special meetings of the Board; however, the Board shall not be obligated to consider the problem or request of a petitioner unless the matter has been sent to each individual member of the Board of Education and the Superintendent of Schools in writing at least 48 hours in advance of the meeting, excluding Sundays and legal holidays. Next meeting: October 19, 2017 at the Sentinel Career & Technology Center

6 VANGUARD-SENTINEL CAREER and TECHNOLOGY CENTERS BOARD OF EDUCATION MINUTES SUMMARY August 17, Minutes of the June 29, 2017 regular meeting approved Agenda approved as presented Consent Agenda approved as presented: Personnel Job Descriptions Student Attendance Agreement OTES Evaluators Textbooks College Credit Plus Partnership Agreement Cooperative agreement and membership Donations Financial Consent Agenda approved as presented: Monthly Financial Reports General Fund Transactions Adjournment.

7 MINUTES OF THE VANGUARD-SENTINEL CAREER AND TECHNOLOGY CENTERS BOARD OF EDUCATION REGULAR MEETING SENTINEL CAREER & TECHNOLOGY CENTER, TIFFIN, OHIO, AUGUST 17, 2017 The Vanguard-Sentinel Career and Technology Centers Board of Education met for its regular meeting on Thursday, August 17, 2017 at 6:30 p.m. in the Sentinel Career & Technology Center, Tiffin, Ohio. The meeting was called to order by Tim Damschroder, President, at 6:30 p.m. The Board recited the Pledge of Allegiance to the Flag. The following members responded to roll call: Beamer, Bowman, Drusbacky, Greenslade, Kinley, Lang, Lehmann, Reinhart, Thompson, Widman and Damschroder. Chapman and Koehler were absent. MOTION #7803 Beamer moved and Reinhart seconded the motion to approve the minutes of the June 29, 2017 regular meeting. The vote on this motion was all Yes by Beamer, Reinhart, Bowman, Drusbacky, Greenslade, Kinley, Lang, Lehmann, Thompson, Widman, and Damschroder. A No vote was not heard. Motion carried. Administrative reports and discussion MOTION #7804 Beamer moved and Lang seconded the motion to approve the Agenda (Additions, deletions, movement of consent agenda items) as presented. The vote on this motion was all Yes by Beamer, Lang, Bowman, Drusbacky, Greenslade, Kinley, Lehmann, Reinhart, Thompson, Widman and Damschroder. A No vote was not heard. Motion carried. MOTION #7805 Beamer moved and Lehmann seconded the motion to approve the Consent Agenda as presented. Superintendent s reports and recommendations. The Superintendent recommends that the Board of Education approve the Consent Agenda Items G.1. through G.8. Action by the Board of Education in Adoption of the Consent Agenda means that all items are adopted by one single motion unless a member of the Board or the Superintendent requests that any such item be removed from the consent agenda and voted upon separately. Personnel a) Accept the resignation of Sandra Jett, VTC Administrative Assistant Secretary/School Cashier, effective 8/9/17. b) Approve a salary schedule move to Class II Custodial/Maintenance for Eric Gibson, SCTC Custodian, effective August 21, c) Issue the following full-time administrative employment contracts pending proper credentials: 1) Beth Hannam, SCEDC Executive Director, salary set at $67, for a one (1) year term effective August 2, 2017 expiring July 31, ) Andrea Gibson, SCEDC Communications Administrator, $13.50/hour, for a one (1) year term effective August 2, 2017 expiring July 31, d) Issue a one year full-time classified employment contract to Lynn Uher, Administrative Assistant VTC School Cashier, Step 8 on the salary schedule for the school year effective August 21, 2017.

8 e) Approve the following leaves without pay: 1) Christina Hoelzle, VTC Administrative Assistant, effective July 3, 2017 and August 7, 2017 two (2) days. 2) Linda Krizan, VTC Custodian, effective August 14-18, 2017 five (5 days.) f) Issue the following certified supplemental teaching contracts for the school year, as assigned at the Board adopted rate of pay pending proper credentials: 1) Substitute instructors - at the Board approved hourly rate of pay, as needed: Jessica Hotz John Rizzardi Kimberlyn Shaull 2) Adult instructors - at the Board approved hourly rate of pay, as needed: Richard Cory Ammerman Timothy Davies Sharon Devine Chad Dix Matt Kamann g) Approve the following grant funded Aspire Adult Education contracts to work as assigned for the school year (pending proper credentials): Adult Education Aspire Instructor - $20.00/hour Leslie Bowlick Molly Lofton Rhonda Wright Adult Education Aspire Educational Aide - $11.00/hour Jeannette Dougherty effective 7/1/17 Job Descriptions Approve/adopt updated job descriptions as presented including the Organizational Chart. Student Attendance Agreement Approve a direct-pay tuition agreement with Put-in-Bay Local School District for the enrollment of a student(s) at the Vanguard Tech Center for the school year at a cost of $6, per student. OTES Evaluators Approve the following Administrators as an Ohio Teacher Evaluation System (OTES) evaluator. All Administrators possess the proper certification to be an evaluator; have completed state sponsored OTES training; and have passed the online assessment using the OTES Performance Rubric. Gregory Edinger Elissa Heal Rosemary Krieger Clayton Frye Bryan Zimmerman Lauren Cummings David Buening Lynette Walby Derek Lewis Textbooks Approve the following textbooks purchases: Textbooks for School Year Textbook Vendor Building Program Quantity Total Programming the Raspberry Pi with Electronics Amazon VTC Computer Info & Support Serv 25 $ Programming Arduino Amazon VTC Computer Info & Support Serv 25 $255.00

9 College Credit Plus Partnership Agreement Approve the CCP partnership agreement with Tiffin University effective with the school year as presented. The agreement will automatically expire at the end of the academic year. Cooperative agreement and membership Ohio Schools Council Cooperative Purchasing Program for the school year no fee Donations a) Assorted building materials from Thomas Daniel Construction, Tiffin, (SCTC shed supplies SCHBA) b) $1, from Webster Foundation, Inc., Tiffin (SCTC Precision Machine/Welding programs) b) One 2000 Chevrolet Malibu automobile from Jeremy Carter, McCutchenville (SCTC Automotive programs) c) One 2001 Chevy S-10 pick-up truck from Richard Arquette, Fremont (VTC Automotive programs) The vote on this motion was all Yes by Beamer, Lehmann, Bowman, Drusbacky, Greenslade, Kinley, Lang, Reinhart, Thompson, Widman and Damschroder. A No vote was not heard. Motion carried. MOTION #7806 Beamer moved and Lang seconded the motion to approve the Financial Consent Agenda as presented: The Treasurer recommends that the Board of Education approve the Financial Consent Agenda Items H.1. and H.2. Action by the Board of Education in Adoption of the Consent Agenda means that all items are adopted by one single motion unless a member of the Board or the Treasurer requests that any that any such items be removed from the consent agenda and voted upon separately. Monthly Financial Reports a) Fiscal Year Analysis b) Fiscal Data Graphs c) Financial Summary Report d) Investment Report e) Check Payment Register General Fund Transactions Approve the following transfers and advances: a) Return advance of $15, from Fund , ABLE Grant to the General Fund (001). b) Return advance of $25, from , Perkins Grant Fund to the General Fund (001). c) Return advance of $3, from Fund , Title II-A to the General Fund (001). d) Initial advance of $15, from General Fund (001) to Fund , ASPIRE Grant. e) Initial advance of $15, from General Fund (001) to Fund , Perkins Grant. The vote on this motion was all Yes by Beamer, Lang, Bowman, Drusbacky, Greenslade, Kinley, Lehmann, Reinhart, Thompson, Widman and Damschroder. A No vote was not heard. Motion carried. Non-Consent Action Item - none Legislative Liaison Report - none Board Initiated Business - none Executive Session - none MOTION #7807 Beamer moved and Reinhart seconded the motion to adjourn the meeting. The vote on this motion was all Yes by Beamer, Reinhart, Bowman, Drusbacky, Greenslade, Kinley, Lang, Lehmann, Thompson, Widman, and Damschroder. A No vote was not heard. Motion carried. Meeting adjourned at 7:20 p.m.

10 VANGUARD-SENTINEL CAREER & TECHNOLOGY CENTERS - FISCAL YEAR ANALYSIS GENERAL FUND AS OF AUGUST 31, 2017 FY 18 FY 18 YTD % OF FY 17 FY 17 YTD % OF % OF CHANGE ESTIMATED ACTUAL TOTAL ACTUAL ACTUAL TOTAL FY 17 TO FY 18 BEGINNING CASH BALANCE (7/1/17) $ 10,163,248 $ 8,573,379 R.E. TAXES $ 4,583,188 $ 1,951, % $ 4,560,386 $ 1,912, % 2.0% INTEREST $ 180,000 $ 30, % $ 181,847 $ 25, % 18.3% OTHER LOCAL SOURCES $ 333,700 $ 49, % $ 442,318 $ 49, % 0.3% FOUNDATION $ 8,366,966 $ 1,492, % $ 8,800,121 $ 1,415, % 5.4% HOMESTEAD AND ROLLBACK $ 611,941 $ % $ 608,897 $ 10, % NA OTHER STATE SOURCES $ 80,000 $ 41, % $ 79,592 $ 40, % NA TRANSFERS & ADVANCES IN $ 128,171 $ 43, % $ 30,000 $ 30, % NA TOTAL REVENUE $ 14,283,966 $ 3,610, % $ 14,703,161 $ 3,484, % 3.6% SALARIES $ 6,610,639 $ 1,091, % $ 6,480,766 $ 1,084, % 0.6% FRINGE BENEFITS $ 2,510,384 $ 370, % $ 2,281,310 $ 347, % 6.8% PURCHASED SERVICES $ 1,806,589 $ 233, % $ 1,376,650 $ 237, % -1.9% SUPPLIES $ 1,032,201 $ 444, % $ 981,586 $ 381, % 16.3% CAPITAL OUTLAY $ 416,242 $ 55, % $ 348,374 $ 132, % -57.8% OTHER EXPENDITURES $ 217,035 $ 45, % $ 193,299 $ 51, % -11.3% TRANSFERS AND ADVANCES OUT $ 1,439,321 $ 35, % $ 1,453,307 $ 33, % NA FYTD EXPENDABLE $ 14,032,411 $ 2,276,535 $ 13,115,292 $ 2,270, % LESS: PRIOR YEAR ENCUMBRANCES ($ 503,376) TOTAL APPROPRIATIONS $ 13,529,035 PERCENT EXPENDED AND ENCUMBERED 27.6% 29.2% REVENUE OVER (UNDER) EXPENDITURES $ 754,931 $ 1,333,541 $ 1,214,473 ENDING CASH BALANCE (8/31/17) $ 11,496,789 $ 9,787,852 OUTSTANDING ENCUMBRANCES $ 1,596,795 $ 1,699,774 UNENCUMBERED CASH BALANCE $ 9,899,994 $ 8,088,078 TRUE CASH DAYS DATED: SEPTEMBER 21, 2017

11 VANGUARD-SENTINEL CAREER & TECHNOLOGY CENTERS FISCAL DATA - GENERAL FUND AS OF 8/31/17 SALARIES/FRINGES (%) % OF REVENUE EXPENDED '13 '14 '15 '16 '17 '18 0 '13 '14 '15 '16 '17 '18 CASH BALANCE ($) TRUE CASH DAYS 12,000,000 11,496, ,000,000 8,000,000 6,000,000 4,000,000 6,385,553 6,714,081 7,809,582 8,988,413 9,787, ,000, '13 '14 '15 '16 '17 '18 0 '13 '14 '15 '16 '17 '18

12 Date: 09/06/2017 VANGUARD-SENTINEL SCHOOLS Page: 1 Time: 7:39 pm Financial Report by Fund/SCC (FINSUM) Fund # Fund Description FYTD MTD FYTD Current Current Unencumbered Bank Begin Balance MTD Receipts Receipts Expenditures Expenditures Fund Balance Encumbrances Fund Balance Code GENERAL FUND 10,163, ,115, ,610, ,352, ,276, ,496, ,596, ,899, BUDGET STABILIZATION RESERVE FUND 615, , , PERMANENT IMPROVEMENT FUND 2,020, , , ,718, ,236, , QUALIFIED SCHOOL CONSTRUCTION BONDS 3,290, ,290, , ,905, CAFETERIA FUND 75, , , , , , , , POLTER AUTOMOTIVE TRUST 109, , , UNIFORM SUPPLY FUND , , , , USS - VTC SUPPLIES USS - VTC EARLY CHILDHOOD USS - VTC CULINARY ARTS USS - VTC DIGITAL TECHNOLOGY USS - VTC COSMETOLOGY 3, , , USS - VTC CBI/EXPLORATION , , , , USS - SCTC SUPPLIES 1, , , , USS - SCTC AGRICULTURE USS - SCTC INDEPENDENT LIVING/HORT

13 Date: 09/06/2017 VANGUARD-SENTINEL SCHOOLS Page: 2 Time: 7:39 pm Financial Report by Fund/SCC (FINSUM) Fund # Fund Description FYTD MTD FYTD Current Current Unencumbered Bank Begin Balance MTD Receipts Receipts Expenditures Expenditures Fund Balance Encumbrances Fund Balance Code USS - SCTC HEALTH CAREERS 1, , , , , , , USS - SCTC CULINARY ARTS USS - SCTC COLLISION REPAIR USS - SCTC BUILDING CONSTRUCTION USS - SCTC PRECISION MACHINE USS - SCTC WELDING , , , , , , USS - SCTC COSMETOLOGY , OSFC PROJECT CONSTRUCTION FUND CUSTOMER SERVICE CONNECT PROFESSIONAL DEVELOPMENT FUND CS - VTC AUTO TECH 12, , , , CS - VTC BUILDING TRADES 49, , , , , , CS - VTC COLLISION REPAIR CS - VTC COSMETOLOGY 43, , , CS - VTC CULINARY ARTS 5, , , , CS - VTC DEA 1, , ,073.97

14 Date: 09/06/2017 VANGUARD-SENTINEL SCHOOLS Page: 3 Time: 7:39 pm Financial Report by Fund/SCC (FINSUM) Fund # Fund Description FYTD MTD FYTD Current Current Unencumbered Bank Begin Balance MTD Receipts Receipts Expenditures Expenditures Fund Balance Encumbrances Fund Balance Code CS - VTC EARLY CHILDHOOD 10, , , CS - VTC ELECTRICAL TRADES 9, , , CS - VTC ETR CS - VTC INDEPENDENT LIVING CS - VTC WELDING 4, , , , CS - SCTC AG 1, , CS - SCTC AUTO TECH 1, CS - SCTC BUILDING CONSTRUCTION 3, , , , CS - SCTC COLLISION REPAIR 2, , , CS - SCTC COSMETOLOGY 15, , , CS - SCTC CULINARY ARTS 2, , , , CS - SCTC ELECTRICAL TRADES 2, , , CS - SCTC INDEPENDENT LIVING 12, , , CS - SCTC PRECISION MACHINE CS - SCTC WELDING/FABRICATION 7, , , , ADULT EDUCATION 520, , , , , , , ,323.05

15 Date: 09/06/2017 VANGUARD-SENTINEL SCHOOLS Page: 4 Time: 7:39 pm Financial Report by Fund/SCC (FINSUM) Fund # Fund Description FYTD MTD FYTD Current Current Unencumbered Bank Begin Balance MTD Receipts Receipts Expenditures Expenditures Fund Balance Encumbrances Fund Balance Code VCC- PUBLIC SCHOOL SUPPORT 13, , , , , YOUTH CLUB SUPPORT FUND 16, , , , VTC DRUG FREE CLUBS OF AMERICA , , , SCC - PUBLIC SCHOOL SUPPORT 2, , , SCTC DRUG FREE CLUBS OF AMERICA , , , , PELL GRANT PELL GRANT PELL GRANT PELL GRANT , , , , , , OSFC MAINTENANCE FUND 2,171, , , ,153, , ,134, COLLISION REPAIR - VANGUARD AUTO TECH - VANGUARD BPA - VANGUARD INDEPENDENT LIVING - VANGUARD 1, , , BUILDING TRADES - (INACTIVE) CBI-VANGUARD 2, , ,774.72

16 Date: 09/06/2017 VANGUARD-SENTINEL SCHOOLS Page: 5 Time: 7:39 pm Financial Report by Fund/SCC (FINSUM) Fund # Fund Description FYTD MTD FYTD Current Current Unencumbered Bank Begin Balance MTD Receipts Receipts Expenditures Expenditures Fund Balance Encumbrances Fund Balance Code DESIGN ENGINEERING-VANGUARD COMMUNITY DONATIONS (INACTIVE) COSMETOLOGY - VANGUARD 1, , , CULINARY ARTS - VANGUARD 8, , , DECA - VANGUARD CORNER STORE - VANGUARD 1, , , EARLY CHILDHOOD - VANGUARD ELECTRICAL TRADES - VANGUARD FFA (INACTIVE) MASONRY - INACTIVE MEDICAL AIDE - INACTIVE SKILLS USA REGIONAL - (INACTIVE) SKILLS USA - VANGUARD 12, , , , , WELDING - VANGUARD AUTO TECH - SENTINEL BPA - SENTINEL

17 Date: 09/06/2017 VANGUARD-SENTINEL SCHOOLS Page: 6 Time: 7:39 pm Financial Report by Fund/SCC (FINSUM) Fund # Fund Description FYTD MTD FYTD Current Current Unencumbered Bank Begin Balance MTD Receipts Receipts Expenditures Expenditures Fund Balance Encumbrances Fund Balance Code BUILDING CONSTRUCTION - SENTINEL CAREERS IN EDUCATION - SENTINEL 2, , , DIGITAL TECHNOLOGIES - SENTINEL COLLISION REPAIR - SENTINEL ELECTRICAL TRADES - SENTINEL FFA - SENTINEL 2, , , , , , CULINARY ARTS - SENTINEL 4, , , INDEPENDENT LIVING-SENTINEL 2, , , PRECISION MACHINE - SENTINEL PUBLIC SAFETY - SENTINEL 1, , , SKILLS USA - SENTINEL 3, , , , , , , STUDENT COUNCIL - SENTINEL WELDING - SENTINEL 1, , , NETWORK CONNECTIVITY NETWORK CONNECTIVITY NETWORK CONNECTIVITY

18 Date: 09/06/2017 VANGUARD-SENTINEL SCHOOLS Page: 7 Time: 7:39 pm Financial Report by Fund/SCC (FINSUM) Fund # Fund Description FYTD MTD FYTD Current Current Unencumbered Bank Begin Balance MTD Receipts Receipts Expenditures Expenditures Fund Balance Encumbrances Fund Balance Code NETWORK CONNECTIVITY STRAIGHT A FUND 44, , , , , , , , ADULT BASIC LITERACY EDUCATION (ABLE) ADULT BASIC LITERACY EDUCATION (ABLE) ADULT BASIC LITERACY EDUCATION (ABLE) ADULT BASIC LITERACY EDUCATION (ABLE) ADULT BASIC LITERACY EDUCATION (ABLE) ADULT BASIC LITERACY EDUCATION (ABLE) ABLE GRANT , , , , , , , ABLE GRANT , , , , , , , ABLE-CIVICS ABLE-CIVICS ABLE-CIVICS VOCATIONAL EDUCATION PLANNING DISTRICT (VEPD) VOCATIONAL EDUCATION PLANNING DISTRICT (VEPD) VOCATIONAL EDUCATION PLANNING DISTRICT (VEPD)

19 Date: 09/06/2017 VANGUARD-SENTINEL SCHOOLS Page: 8 Time: 7:39 pm Financial Report by Fund/SCC (FINSUM) Fund # Fund Description FYTD MTD FYTD Current Current Unencumbered Bank Begin Balance MTD Receipts Receipts Expenditures Expenditures Fund Balance Encumbrances Fund Balance Code VOCATIONAL EDUCATION PLANNING DISTRICT (VEPD) VOCATIONAL EDUCATION PLANNING DISTRICT (VEPD) VOCATIONAL EDUCATION PLANNING DISTRICT (VEPD) VOCATIONAL EDUCATION PLANNING DISTRICT (VEPD) , , , , , VOCATIONAL EDUCATION PLANNING DISTRICT (VEPD) , , , , , , , IMPROVING TEACHER QUALITY, TITLE II-A IMPROVING TEACHER QUALITY, TITLE II-A IMPROVING TEACHER QUALITY, TITLE II-A IMPROVING TEACHER QUALITY, TITLE II-A , , , , GRAND TOTALS: 19,209, ,336, ,976, ,951, ,079, ,106, ,609, ,496,572.29

20 VANGUARD-SENTINEL CAREER & TECHNOLOGY CENTERS INVESTMENTS August 31, 2017 Issue Maturity Interest Date Date Issuer Instrument Rate Amount 8/31/2017 8/31/2017 Northwest Savings Bank Demand Deposit 0.08% 4, /31/2017 8/31/2017 Tri-State Capital Demand Deposit 0.00% /31/2017 8/31/2017 First American Treas Money Market 0.87% 73, /31/2017 8/31/2017 StarOhio Money Market 1.20% 2,907, /31/2017 8/31/2017 Old Fort Bank Money Market 0.30% 1,300, /31/2017 8/31/2017 Old Fort Bank DD/Sweep 0.15% 451, Total Demand Deposits $4,737, /17/2017 TD USA Com Paper 1.30% 519, /22/2018 JP Morgan Securities Com Paper 1.51% 939, /23/2018 BNP Paribas Com Paper 1.51% 939, /23/2018 Bank of Tokyo Com Paper 1.52% 746, /23/2018 Toyota Motor Credit Com Paper 1.48% 939, /30/2018 FNMA Bonds Agency Bonds 1.00% 320, /17/2016 6/18/2018 Wells Fargo Bank CD Marketable CD 1.20% 248, /19/2018 BMW Bank of NA Marketable CD 1.51% 238, /3/2015 8/3/2018 First Financial Bank CD 0.55% 1,000, /10/2018 Ally Bank Marketable CD 1.65% 246, /17/2018 Barclays Bank CD Marketable CD 1.60% 247, /29/2018 Firstbank Puerto Rico Marketable CD 1.50% 248, /30/2019 FNMA Bonds Agency Bonds 1.10% 675, /17/2017 3/17/2019 Northwest Savings Bank CD 1.62% 1,027, /13/2016 4/26/2019 FHLB Step Bonds Agency Bonds 1.63% 499, /19/2016 5/19/2019 Waterford Bank CDARS 1.32% 515, /26/2016 5/26/2019 Waterford Bank CDARS 1.32% 1,000, /28/2019 FNMA Bonds Agency Bonds 1.25% 600, /21/2016 7/18/2019 Waterford Bank CDARS 1.32% 500, /26/2019 Capital One Bank Marketable CD 2.09% 247, /29/2016 9/26/2019 Waterford Bank CDARS 1.26% 500, /21/2016 4/28/2020 FNMA Bonds Agency Bonds 1.32% 500, /19/2016 5/19/2020 FFCB Bonds Agency Bonds 1.38% 499, /27/2020 FNMA Bonds Agency Bonds 1.42% 360, /26/2020 Capital One Bank Marketable CD 2.34% 246, /28/2020 FNMA Bonds Agency Bonds 1.40% 925, /18/2020 Synchrony Bank Marketable CD 2.25% 246, /19/ /19/2020 FHLB Bonds Agency Bonds 1.70% 500, /28/2020 FNMA Bonds Agency Bonds 1.50% 380, Total Securities $15,856, Investment Mix Total Investments 26% 21% Money Market $20,593, % 20% Commerical Paper Certificates of Deposit Federal Agencies Weighted Average Yield 1.27% Investments under the direction of RedTree Investment Group/Held at US Bank Investments held at Fifth Third Securities

21 VANGUARD-SENTINEL CAREER & TECHNOLOGY CENTERS CHECK PAYMENT REGISTER AUGUST 2017 CHECK DATE AMOUNT VENDOR /9/2017 $3, APPLE STORE -EDUCATION /9/2017 $ AUTOMATION DIRECT INC /9/2017 $6, B&H PHOTO VIDEO /9/2017 $ BRADLEY R BORER /9/2017 $12, CAPITOL ALUMINUM & /9/2017 $ CENTRAL EXTERMINATING /9/2017 $50.00 CHAMBER OF COMMERCE OF /9/2017 $25.00 CLINTON TOWSHIP /9/2017 $59, CLOUSE CONSTRUCTION CORP /9/2017 $27.10 CULLIGAN OF NORTHERN /9/2017 $256, DELL COMPUTER CORP /9/2017 $2, DELUXE CARPET PLUS /9/2017 $ DOVER PUBLICATIONS INC /9/2017 $1, CYBERGUYS /9/2017 $3, GLOBAL INDUSTRIAL /9/2017 $ GOODHEART-WILCOX /9/2017 $ GOVCONNECTION /9/2017 $2, HARTMAN PUBLISHING /9/2017 $2, IT SAVVY LLC /9/2017 $ LANDGREBE MFG INC /9/2017 $1, LOWE'S COMPANIES INC /9/2017 $44.49 MCM ELECTRONICS /9/2017 $ MERCY OCCUPATIONAL /9/2017 $2, MOHAWK SUPPLY /9/2017 $50.00 OACTT /9/2017 $75.00 OHIO ACTE /9/2017 $ OSBA /9/2017 $ ORIENTAL TRADING CO INC /9/2017 $1, PEARSON EDUCATION /9/2017 $ PITNEY BOWES /9/2017 $ PITNEY BOWES /9/2017 $ POCKET NURSE /9/2017 $ PROMEDICA MEMORIAL HOSPITAL /9/2017 $ RAINBOW PRINTING /9/2017 $2, REPUBLIC LUMBER /9/2017 $1, REPUBLIC SERVICES /9/2017 $6, SANDUSKY ELECTRIC INC /9/2017 $1, SHERWIN WILLIAMS /9/2017 $2, SIESEL DISTRIBUTING LLC /9/2017 $87.57 SNAP ON INDUSTRIAL /9/2017 $6, SNAP SPORTS LLC /9/2017 $1, SOLID PROFESSOR

22 CHECK DATE AMOUNT VENDOR /9/2017 $77.85 SPARK FUN ELECTRONICS /9/2017 $40.00 STATE TEACHER RETIREMENT /9/2017 $4, AMAZON.COM /9/2017 $1, UPPER SANDUSKY EXEMPTED /9/2017 $2, US BANK EQUIPMENT FINANCE /9/2017 $13, VALLEY ELECTRIC /9/2017 $8, VAUGHN INDUSTRIES INC /9/2017 $6, VIZUAL EXPRESS LLC /9/2017 $ WOLFF BROS SUPPLY INC /11/2017 $ ANNA CRESWELL /11/2017 $ BARRETT ZIMMERMAN /11/2017 $ BRIAN ZENDER /11/2017 $ BRYAN ZIMMERMAN /11/2017 $21.40 CHRISTINA M HOELZLE /11/2017 $ DAVID BUENING /11/2017 $ DEREK LEWIS /11/2017 $ GREGORY EDINGER /11/2017 $44.83 JENNIFER REINHART /11/2017 $ LINDA DANIEL /11/2017 $ STEVEN NEWLAND /11/2017 $ THOMAS GERSCHUTZ /11/2017 $27.82 VICKIE SNYDER /11/2017 $13, AMERICAN ELECTRIC POWER /11/2017 $5, NCR /11/2017 $ CERTIPORT /11/2017 $1, PARADIGM PUBLISHING INC /11/2017 $ S/P /11/2017 $ SIRCHIE FINGER PRINT /14/2017 $1, SHANNON MAY /14/2017 $ IIA GABEL /14/2017 $ ANTHONY PERKINS /29/2017 $ ADVANCED TECHNOLOGIES /29/2017 $4, APPLIED EDUCATIONAL /29/2017 $ AT&T /29/2017 $1, AUTOMOTIVE EQUIPMENT /29/2017 $ BISHOP PLUMBING & /29/2017 $1, BUCKEYE EDUCATIONAL /29/2017 $1, CAMINSTRUCTOR INC /29/2017 $8, CENGAGE LEARNING /29/2017 $8, CHILLICOTHE STEEL /29/2017 $33, DAVE ZIMMERMAN /29/2017 $1, DISC ENVIRONMENTAL /29/2017 $ DIVERSIFIED GRAPHICS /29/2017 $ GALLS INC /29/2017 $ GLOBAL INDUSTRIAL /29/2017 $117, IST OHIO INC

23 CHECK DATE AMOUNT VENDOR /29/2017 $1, JULIAN & GRUBE, INC /29/2017 $3, KELLEY'S PAINT STORE /29/2017 $14, LOTYCZ 'S SONS INC /29/2017 $14, M & B ASPHALT CO INC /29/2017 $ MCGRAW HILL SCHOOL /29/2017 $ MOHAWK SUPPLY /29/2017 $2, NATIONAL RESTAURANT ASSOC /29/2017 $ NORTHWESTERN MASONRY /29/2017 $23, NYECO GAS /29/2017 $ OHIO ACTE /29/2017 $90.00 OHIO HIGH SCHOOL /29/2017 $23, PAINTERS SUPPLY & /29/2017 $3, PEARSON EDUCATION /29/2017 $47.70 PERRY protech /29/2017 $1, S A COMUNALE CO INC /29/2017 $ SECURCOM INC /29/2017 $ SETON IDENTIFICATION /29/2017 $ SIESEL DISTRIBUTING LLC /29/2017 $ SORG GRAPHICS /29/2017 $ STAPLES ADVANTAGE /29/2017 $ TOFT'S DAIRY INC /29/2017 $ TPC FOOD SERVICE /29/2017 $ TREASURER STATE OF OHIO /29/2017 $6, VALLEY ELECTRIC /29/2017 $3, WOLFF BROS SUPPLY INC /29/2017 $3, WOLTERS KLUWER HEALTH /30/2017 $ ANDREW BRICKNER /30/2017 $ ANGELA MORELOCK /30/2017 $ ANNA CRESWELL /30/2017 $75.00 DANIEL HOERIG /30/2017 $46.01 DAVID BUENING /30/2017 $93.63 KRISTIE THEIS /30/2017 $ LYNETTE WALBY /30/2017 $56.18 MARY LOU NELLETT /30/2017 $1, WARNER MECHANICAL /30/2017 $ S&P ALLIANCE /30/2017 $1, ANTHONY DOUGLAS /30/2017 $4, ACADEMIC INNOVATIONS /31/2017 $2, ADAM BLANK /31/2017 $ OHIO SCHOOLS COUNCIL /31/2017 $ AC SUPPLY CO /31/2017 $ AQUA DOC /31/2017 $5, CAVALIER TOURS LTD /31/2017 $ DAYMARK /31/2017 $ HANDY GRAFIX /31/2017 $4, HEDLUX PREMIUM

24 CHECK DATE AMOUNT VENDOR /31/2017 $ MARIANNA INC /31/2017 $ NORTH CENTRAL OHIO ESC /31/2017 $1, NYECO GAS /31/2017 $ POWELL COMPANY LTD /31/2017 $ RUSH GRAPHIX /31/2017 $2, SIESEL DISTRIBUTING LLC /31/2017 $ SPECIAL OCCASIONS /31/2017 $5, THE ORIGINAL DAWGS /31/2017 $3, WILSON TIRE COMPANY /18/2017 $2, SINCLAIR COMMUNITY COLLEGE /18/2017 $ EDUCATIONAL MANAGEMENT /18/2017 $ FREMONT UBO /18/2017 $2, INGERSOLL-RAND COMPANY /18/2017 $8, CDW GOVERNMENT INC /18/2017 $3, AMERICAN FIRE & /18/2017 $75.00 ALLOWAY /18/2017 $4, MIDWEST SPRAY BOOTHS /18/2017 $60.56 MT BUSINESS TECHNOLOGIES INC /18/2017 $ CLARK ASSOCIATES INC /18/2017 $5, BUEHRER GROUP /18/2017 $ QUILL CORPORATION /18/2017 $3, SPECTRUM BUSINESS /18/2017 $ BAIR BROS /18/2017 $1, SCHOOL NURSE SUPPLY INC /18/2017 $1, MCGRAW HILL SCHOOL /18/2017 $1, VENZEL COMMUNICATIONS /18/2017 $1, PERRY protech /18/2017 $ MEADOWS MEDICAL SUPPLY /18/2017 $9, H & H TOOL AND /18/2017 $ PITNEY BOWES /18/2017 $7, CENGAGE LEARNING /18/2017 $ CROWN LIFT TRUCKS /18/2017 $ ELCHERT'S SEWER CLEANING /18/2017 $ ROTARY CLUB OF FREMONT OHIO /18/2017 $6, IT'S LEARNING INC /18/2017 $86, WARNER MECHANICAL /18/2017 $2, FINDLAY PUBLISHING /18/2017 $5, OHIO SCHOOLS /18/2017 $6, ADAFRUIT INDUSTRIES LLC /18/2017 $ CAREER SAFE LLC /18/2017 $8, BROWN PAINTING /18/2017 $1, BEST BUY FOR BUSINESS /18/2017 $2, NOGGIN LLC /18/2017 $ TANDEM MEDIA NETWORK /18/2017 $6, VERSA PRODUCTS INC /18/2017 $ IDVILLE

25 CHECK DATE AMOUNT VENDOR /18/2017 $8, UNIFIED SECURITY /18/2017 $1, WADSWORTH MECHANICAL /18/2017 $ MASTER TEACHER /21/2017 $ COLUMBIA GAS /21/2017 $14, AMERICAN ELECTRIC POWER /21/2017 $ AQUA OHIO INC /21/2017 $ STEVEN NEWLAND /23/2017 $ LINDA DANIEL /23/2017 $ ELIZABETH SLATTMAN /23/2017 $ DAVID OLDS /23/2017 $ ANDREW BRICKNER /23/2017 $ ELLIOTT COBLE /24/2017 $ BAUDVILLE INC /24/2017 $3, BEAMONT HEATING AND /24/2017 $7, BOBBY'S TRUCK AND BUS REPAIR /24/2017 $5, CENGAGE LEARNING /24/2017 $2, DAMSCHRODER ROOFING /24/2017 $ DISPLAYS 2 GO /24/2017 $ EWELL EDUCATIONAL /24/2017 $1, FASTECH INC /24/2017 $75.00 FFA DISTRICT 4 TREASURER /24/2017 $10.11 FIRST COMMUNICATIONS LLC /24/2017 $12.59 FOSTORIA CITY /24/2017 $1, HALO BRANDED SOLUTIONS /24/2017 $5, KELLEY'S PAINT STORE /24/2017 $1, LAKOTA LOCAL SCHOOLS /24/2017 $ LUCIUS DOOR COMPANY INC /24/2017 $ MOORE MEDICAL LLC /24/2017 $ NATIONAL RESTAURANT ASSOC /24/2017 $2, OASSA /24/2017 $1, OE MEYER CO /24/2017 $56.65 OSUPPLIES.COM /24/2017 $4, PARADIGM PUBLISHING INC /24/2017 $1, QUILL CORPORATION /24/2017 $ ROTARY CLUB OF FREMONT OHIO /24/2017 $ S A COMUNALE CO INC /24/2017 $2, SC STRATEGIC SOLUTIONS LLC /24/2017 $ SENECA COUNTY JR FAIR /24/2017 $ STRATASYS INC /24/2017 $17.25 KAYLE BUTLER /24/2017 $40.00 JEVIN RHINEBERGER Total August Checks $1,036,637.23

26 VANGUARD-SENTINEL CAREER & TECHNOLOGY CENTERS APPROPRIATIONS FY 2018 AND FIVE YEAR FORECAST ALAN W. BINGER, TREASURER September 21, 2017

27 ANNUAL APPROPRIATION RESOLUTION VANGUARD-SENTINEL CAREER AND TECHNOLOGY CENTERS The Board of Education of the Vanguard-Sentinel Career & Technology Centers, Sandusky County, met in regular session on the 21st day of September, 2017, at the Vanguard Career & Technology Center with the following members present: Jaimie Beamer Neil Kinley Anthony Thompson Larry Bowman Kathy Koehler Chris Widman Tim Damschroder Karen Lang Barbara Drusbacky Barbara Lehmann Nancy Greenslade Stephanie Reinhart moved the adoption of the following Resolution: BE IT RESOLVED by the Board of Education of the Vanguard-Sentinel Career & Technology Centers, Sandusky County, Ohio, that to provide for the current expenses and other expenditures of said Board of Education, during the fiscal year, ending June 30, 2017, the following sums be and the same are hereby set aside and appropriated for the several purposes for which expenditures are to be made and during the said fiscal year, as follows, viz: GENERAL FUND ACTUAL ACTUAL ACTUAL PROPOSED EXPENDITURES EXPENDITURES EXPENDITURES APPROPRIATIONS FY 15 FY 16 FY 17 FY Salaries $ 6,668,239 $ 6,207,574 $ 6,480,766 $6,820, Fringe Benefits $ 2,121,307 $ 2,158,964 $ 2,281,310 $2,485, Purchased Services $ 1,587,805 $ 1,545,119 $ 1,376,650 $2,092, Supplies and Materials $ 796,851 $ 1,081,207 $ 981,586 $1,596, Capital Outlay $ 256,495 $ 89,963 $ 346,374 $343, Miscellaneous Objects $ 230,634 $ 231,977 $ 193,299 $242, Other Uses of Funds $ 1,224,321 $ 2,239,321 $ 1,453,307 $1,459, TOTAL GENERAL FUND APPROPRIATION $ 12,885,652 $ 13,554,124 $ 13,113,293 $15,040, PERMANENT IMPROVEMENT FUND $ 1,180,694 $ 1,320,735 $ 2,225,588 $1,600, FOOD SERVICE FUND $ 155,375 $ 145,886 $ 131,328 $177, UNIFORM SCHOOL SUPPLY FUND $ 21,229 $ 29,124 $ 16,364 $24, OSFC CONSTRUCTION FUND $ 18 $ 0 $ 0 $ CUSTOMER SERVICE FUND $ 66,742 $ 75,189 $ 58,961 $157, ADULT EDUCATION FUND $ 541,243 $ 561,026 $ 615,652 $761, PUBLIC SCHOOL SUPPORT FUND $ 13,390 $ 6,264 $ 25,837 $41, PELL GRANT SCHOLARSHIPS $ 112,234 $ 87,171 $ 96,244 $115, MAINTENANCE FUND $ 113,303 $ 138,952 $ 142,745 $435, STUDENT ACTIVITY FUND $ 101,705 $ 112,347 $ 119,844 $147, NETWORK CONNECTIVITY GRANT $ 5,400 $ 5,400 $ 5,400 $5, STRAIGHT A FUND $ 0 $ 0 $ 619,102 $ ADULT BASIC LITERACY EDUCATION (ABLE) GRANTS $ 256,439 $ 247,939 $ 239,533 $250, VOCATIONAL EDUCATION PLANNING DISTRICT (VEPD) G $ 328,837 $ 300,874 $ 368,865 $303, TITLE II-A, IMRPOVING TEACHER QUALITY GRANT $ 3,145 $ 3,204 $ 3,664 $ TOTAL APPROPRIATIONS $ 15,785,407 $ 16,588,234 $ 17,782,419 $19,059, ============= ============== ============== ================ Page 1

28 seconded the Resolution and the roll being called upon it's adoption, the vote resulted as follows: Jaimie Beamer Neil Kinley Anthony Thompson Larry Bowman Kathy Koehler Chris Widman Tim Damschroder Karen Lang Barbara Drusbacky Barbara Lehmann Nancy Greenslade Stephanie Reinhart Certificate (ORC ) IT IS HEREBY CERTIFIED that the School District has sufficient funds to meet the contract, obligation, payment, or expenditure for the above, and has in effect for the remainder of the fiscal year and the succeeding fiscal year the authorization to levy taxes which when combined with the estimated revenue from all other sources available to the district at the time of certification, are sufficient to provide operating revenues necessary to enable the district to maintain all personnel, programs, and services essential to the provision of an adequate educational program on all the days set forth in its adopted school calendar for the current fiscal year and for a number of days in the succeeding fiscal year equal to the number days instruction was held or is scheduled for the current fiscal year, except that if the above expenditure is for a contract, this certification shall cover the term of the contract or the current fiscal year plus the two immediately succeeding fiscal years, whichever period of years is greater. Dated: September 21, 2017 By: Alan W. Binger, Treasurer By: Gregory A. Edinger, Superintendent By: Timothy Damschroder, President, Board of Education Page 2

29 Vanguard-Sentinel Career & Technology Centers Sandusky County Schedule of Revenues, Expenditures and Changes in Fund Balances For the Fiscal Years Ended June 30, 2015, 2016 and 2017 Actual; Forecasted Fiscal Years Ending June 30, 2018 Through 2022 Actual Forecasted Fiscal Year Fiscal Year Fiscal Year Average Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Change Revenues General Property Tax (Real Estate) $4,259,853 $4,455,734 $4,560, % 4,605,990 4,652,050 4,698,570 4,745,556 4,793, Tangible Personal Property Tax Unrestricted Grants-in-Aid 8,532,525 8,722,400 8,879, % 8,530,196 8,506,227 8,227,177 7,948,127 7,669, Property Tax Allocation 582, , , % 613, , , , , All Other Revenues 537, , , % 651, , , , , Total Revenues 13,912,003 14,365,638 14,673, % 14,401,108 14,427,800 14,199,905 13,972,511 13,745,621 Other Financing Sources Advances-In 15,000 30,000 30, % 142,157 35,000 35,000 35,000 35, Total Other Financing Sources 15,000 30,000 30, % 142,157 35,000 35,000 35,000 35, Total Revenues and Other Financing Sources 13,927,003 14,395,638 14,703, % 14,543,265 14,462,800 14,234,905 14,007,511 13,780,621 Expenditures Personal Services 6,668,239 6,207,574 6,480, % 6,605,914 6,790,432 7,036,887 7,253,433 7,468, Employees' Retirement/Insurance Benefits 2,121,307 2,158,964 2,281, % 2,417,823 2,600,919 2,791,536 2,972,702 3,165, Purchased Services 1,587,805 1,545,119 1,376, % 1,509,183 1,539,367 1,570,154 1,601,557 1,633, Supplies and Materials 796,851 1,081, , % 991,402 1,001,316 1,011,329 1,021,442 1,031, Capital Outlay 256,495 89, , % 299, , , , , Other Objects 230, , , % 219, , , , , Total Expenditures 11,661,331 11,314,804 11,659, % 12,044,015 12,420,269 12,922,394 13,329,865 13,803,012 Other Financing Uses Operating Transfers-Out 1,209,321 2,209,321 1,409, % 1,409,321 1,409, , , , Advances-Out 15,000 30,000 43, % 35,000 35,000 35,000 35,000 35, Total Expenditures and Other Financing Uses 12,885,652 13,554,125 13,113, % 13,488,336 13,864,590 13,866,715 14,274,186 14,747, Excess of Revenues and Other Financing Sources over (under) Expenditures and Other Financing Uses 1,041, ,513 1,589,871 1,054, , , , , Cash Balance July 1 - Excluding Proposed Renewal/Replacement and New Levies 6,690,513 7,731,864 8,573,377 10,163,248 11,218,177 11,816,387 12,184,577 11,917, Cash Balance June 30 7,731,864 8,573,377 10,163,248 11,218,177 11,816,387 12,184,577 11,917,902 10,951, Estimated Encumbrances June , , , , , , , , Unreserved Fund Balance June 30 7,149,546 7,846,214 9,659, % 10,518,177 11,116,387 11,484,577 11,217,902 10,251,190 9/14/2017

30 VANGUARD-SENTINEL CAREER & TECHNOLOGY CENTERS FINANCIAL FORECAST ASSUMPTIONS September, 2017 Preface Understanding the assumptions made in this forecast are extremely important. Please thoroughly read the following assumptions in conjunction with analyzing the forecast and contact the school district Treasurer for any questions or clarifications. REVENUES: Real Estate Taxes (Line 1.010) - The district collects 1.60 mills on the 2016 calendar year valuation of $3.248 billion. This value is up 2.13% from This follows an increase of 3.54% in 2015 and an increase of 6.19% in These increases are all higher than the 15 year average increase of 1.81% was a triennial update year for Seneca County and 2015 was a reevaluation year for Sandusky County, our two largest counties in terms of property values. In the history of the district, declining values are fairly unusual, occurring just three times in the past 15 years. Future growth is projected at 1.0%. Unrestricted Grants-in-Aid (State Foundation - Line 1.035) The district is currently on a guarantee of state funding in the amount of $8.4 million. H.B. 64, the 2015 biennium budget bill, continued this guaranteed funding through FY2017. Additional revenue was received in FY17 as the career tech portion of state funding was moved outside of the guarantee. There was also an increase of students attending the district from community and charter schools in FY17 resulting in an additional $48,000 in revenues. This revenue is also not subject to the constraints of the guarantee. 1

31 H.B. 49, the 2017 biennium budget bill begins a phase out of the Transitional Aid Guarantee portion of the district s state funding. The legislature estimates the loss of funding to the district will be $354,000 in FY18 with an additional loss of $24,000 in FY19. To be conservative, this forecast assumes a continued phase-out of the Transitional Aid Guarantee portion of the state foundation funding (approximately $2.79 million) over a 10 year period beginning in FY20, at a rate of 10% per year. The Ohio Casino tax is also included in this line item. $95,996 was received in FY15, $87,773 in FY16 and $79,592 in FY17. It is projected that $80,000 will be received in each year of the forecast through FY22. Property Tax Allocation (Line 1.050) - This line includes the payments from the State of Ohio for the 10% and 2.5% rollback of property taxes as well as the homestead exemption. Estimates are based on FY17 actual receipts. All Other Revenue (Line 1.060) - Items included in this category include interest earnings, cost-sharing payments made by member school districts for satellite programs taught in their districts, payments in lieu of taxes by local companies due to tax abatement agreements, building rentals and cost-sharing payments from member districts for remedial services provided by Vanguard s intervention specialists. Payments for satellite units have fallen in recent years as some of the more expensive units have been eliminated. Two programs were eliminated for FY15 with a third program going to half time. An additional five programs were eliminated in FY16 leaving eleven remaining units district wide. An abatement agreement with Charter Steel in Wood County was made in 2004 and had not been paid. A onetime payment of $17,430 which was originally to be paid to the district in FY2007 was finally made in FY17. This category is no longer a significant source of revenue for the district however some small projects are still being completed. 2