School Funding 101 St ClairsvilleRichland City School District

School Funding 101 St. Clairsville-Richland City School District

St. Clairsville-Richland City School District FY 2018 General Fund Revenue Sources Other Financing; $ 32, 670. 00; 0% Other Operating; $ 2, 976, 714. 00; 18% Property Reimbursements; $ 922, 401. 00; 5% General Property ; $ 8, 548, 221. 00; 50% Restricted State Aid; $ 55, 202. 00; 0% Unrestricted State Aid; $ 3, 504, 847. 00; 21% PUPP; $ 916, 053. 00; 5%

FY 2018 Revenue Sources • $8, 548, 221 - General Property Taxes – Class I (Residential and Agricultural) and Class II (Mineral, Industry and Commercial) • $3, 504, 847 - Unrestricted State Aid – Funding based on student data • $2, 976, 714 - Other Operating revenue – Open enrollment, Tuition, Excess Cost, Interest, Donations, Medicaid • $922, 401 - Property Tax Reimbursements – Homestead, Rollback and Owner Occupied reductions • $916, 053 - Public Utility Personal Property – Public Utility Property • $55, 202 - Restricted State Aid – Career and Economically disadvantaged Funing • $32, 670 - Other – Miscellaneous rebates and refunds • $16, 956, 109 - Total General Fund Revenue for Fiscal Year 2018

Millage • A mill is $1. 00 in taxes for every $1, 000 of assessed (taxable) value. • Inside Millage – These mills increase revenue as valuation increases. • Voted Millage – The rate of these mills are adjusted each year to keep the amount of revenue the same as when it was voted. Growth of revenue in voted millage comes only from new sources such as new construction and now oil & gas drilling. • There is a “ 20 mill floor”. The collection rate can not go lower than 20 mills. • Example of Residential Property Tax : A home valued at $100, 000 is only taxed on 35% which is $35, 000. So the assessed (taxable) value is $35, 000. This value is then divided by $1, 000, which is 35, then multiplied times the effective millage rate. The current building project is asking for 8. 56 mills so 35 times 8. 56 equals $299. 60. So the cost of the 8. 56 mill levy to a homeowner of a $100, 000 home is $299. 60 per year or $24. 96 a month. This example does not include any deductions that may be applicable.

Property. Taxes • Class I – Residential and Agriculture • Class II – Mineral, Industrial and Commercial • PUPP – Public Utility Personal Property FY 2018 General Property Taxes [VALUE][CATEG ORY NAME] [PERCENTAGE] [VALUE][CATEGO RY NAME] [PERCENTAGE] • Almost 50% of a Levy would be paid by business

TIF – Tax Increment Financing • Tax Increment Financing – Funds that are usually collected as property taxes are placed in a fund to pay for infrastructure. • The District entered into two TIFs. • One with the City for the infrastructure needed for the St. Clairsville Commons Senior Suites and is limited to two parcels. • The second was with the County for the Mall loop and overpass and is limited to $35 million of new valuation. • The Goal is New Growth • Good News - New School Millage was excluded from both of the TIFs - Both TIFs has mechanisms built-in to potentially pay the School their full amount of revenue through direct payments should certain conditions be met.

State Funding • State Per Pupil Funding is $6, 020. 00 • The State also funds other categories such as special education, gifted, and transportation. • All of these funds are multiplied times our State Share Index of 13. 85%. • Therefore we are funded at $6, 020. 00 *. 138511365 = $833. 84 per pupil. • However, St. Clairsville is on the Guarantee. The Guarantee is additional funding so that you receive at least the same funding as a prior year. • Open Enrollment is a significant revenue source. When a student comes from another District to our District we collect $6, 020. 00 for that student and vice versa. St. Clairsville netted $593, 029. 61 in open enrollment in fiscal year 2018. $1, 500, 558. 37 was received for students that open enrolled into our District and $907, 528. 76 was deducted for student that open enrolled out.