A Critical Time For Fairborn City Schools and the Fairborn Community

APPRAISEDVALUE OFYOUR HOME$50,000$80,000$100,000$120,000$150,000$180,000$200,000IF Levy Passes:TAXVALUE35%$17,500$28,000$35,000$42,000$52,500$63,000$70,000$7 MILLION11.70 MILLSANNUAL COST*$179.16$286.65$358.31$429.98$537.47$644.96$716.63IF Levy Fails:PARTICIPATION FEEPER SPORT/PER CHILD**$500$500$500$500$500$500$500How Much Willthe New Levy Cost?*Annual Cost is an estimate based upon thecurrent reappraised values by the County Auditorthat includes 10 and 2.5% rollback for qualifyingresidential properties.**With new revenue, participation fees willremain the same:High School: $150 per student per sport seasonwith individual and family capsMiddle School: $100 per student per sport seasonwith individual and family capsSports Participation Feesand the school budget:Every year, approximately 500 Fairbornstudent athletes participate in sports throughoutthe school year. Currently, the fees that arecharged and collected go to reduce the totalsports program costs, not to pay them in full.If a District is under financial control of theState which Fairborn currently is not, ALLextra-curriculars (not just sports) must be selfsupportingin order to be operational of theGeneral Fund. Following are the total fees andcosts for our athletic programs for the 2011-2012school year of the General Fund:HS/MS Athletic Fees Collected:HS/MS Athletic Program Expenses:Athletic Expense of General Fund:$96,659.98$513,446.74$416,786.76Without additional revenue, participation feeswill be increased to $500 per student/per sport/per season with no family caps. Even with theincreased fees the athletic programs will NOT beself- supporting and have to be raised OR worstyet, eliminated when Fairborn City Schools isplaced under State financial control.Fairborn City SchoolsDesignated in Fiscal CautionAt the December 13, 2012, Board of Education meeting,a representative from the Ohio Department of Education(ODE) presented the results of the financial analysis thatwas performed based upon the current five-year forecast.The Board was told that ODE found no significantdiscrepancies and concurs with the financial projections bythe Treasurer, which currently includes a projected deficitof $4.1 million dollars for the 2013-2014 school year.Roger Hardin, Assistant Director of Finance ProgramServices of ODE stated, “Fairborn City Schools currentlydoes not have adequate revenue to meet its budgetaryneeds and even if you are able to make any additionalstaffing reductions, you are in need of new revenue.”Consequently, Fairborn City Schools was placed in fiscalcaution by the State Superintendent, resulting in monthlyfinancial monitoring and the submission of a financialrecovery plan by March 14, 2013. The recovery plan wassubmitted on March 12, 2013 which included an additional$1.6 million in staffing reductions and new revenue asrecommended by ODE.Treasurer/CFO Eric Beavers states that “with a new sourceof revenue, it will put us on track to meet our budgetaryneeds and prevent further disruption and devastation tostudent achievement and academic progress.”6