Cuyahoga Valley Career Center

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2 Forecast Comparison General Operating Fund January 2016 January 2016 FCST Estimate January 2016 Actuals January 2015 Actuals Variance January 2016 Actuals to Estimate Explanation of Variance Revenue: General Property Tax (Real Estate) $ 550,000 $ 645,000 $ 603,000 $ 95,000 timing of receipt of tax advance for 2nd half FY settlement Public Utility Personal Property Tax $ $ $ $ Unrestricted GrantsinAid $ 158,045 $ 149,759 $ 160,914 $ ODE coding for portion of foundation funds shown as (8,286) Restricted below Restricted GrantsinAid $ 1,095 $ 12,307 $ 742 $ 11,212 ODE coding for portion of foundation funds previously shown as Unrestricted above Property Tax Allocation $ $ $ 1 $ All Other Operating Revenues $ 5,123 $ 17,924 $ 3,571 $ 12, Total Revenue $ 714,263 $ 824,990 $ 768,228 $ 110,727 Other Financing Sources: Advances In $ $ $ $ All Other Financing Sources $ $ $ $ Total Revenue and Other Financing Sources $ 714,263 $ 824,990 $ 768,228 $ 110,727 Expenditures: Personnel Services $ 513,350 $ 657,549 $ 565,434 $ (144,199) Employees' Retirement/Insur. Benefits $ 198,569 $ 171,490 $ 174,177 $ 27, Purchased Services $ 112,015 $ 154,442 $ 115,224 $ (42,427) Supplies and Materials $ 43,353 $ 40,188 $ 57,186 $ 3, Capital Outlay $ 1,565 $ 8,088 $ 7,451 $ (6,523) Intergovernmental $ 67,588 $ 118,354 $ 60,226 $ (50,766) Other Objects $ 20,468 $ 22,812 $ 21,468 $ (2,344) Total Expenditures $ 956,908 $ 1,172,923 $ 1,001,166 $ (216,015) Other Financing Uses: Operating TransfersOut $ $ $ $ Advances Out $ $ $ $ All Other Financing Uses $ $ $ $ Total Expenditures and Other Financing Uses $ 956,908 $ 1,172,923 $ 1,001,166 $ (216,015) Surplus/(Deficit) for Month $ (242,645) $ (347,933) $ (232,938) $ (105,288) interest earnings higher than anticipated as finalize banking/investment restructuring, estimates based on FY15 actuals timing, increased severance payments, OAPSE contract settlement retro payments, monthly estimates based on prior years' monthly percentages timing, monthly estimates based on prior years' monthly percentages timing, monthly estimates of FY16 budgets expended based on prior years' monthly percentages timing, increased severance payments, OAPSE contract settlement retro payments, monthly estimates based on prior years' monthly percentages

3 Forecast Comparison General Operating Fund January 2016 Current FYTD FCST Estimate Current FYTD Actuals Prior FYTD Actuals Variance Current FYTD Actuals to Estimate Explanation of Variance Revenue: General Property Tax (Real Estate) $ 5,101,155 $ 5,196,536 $ 5,209,401 $ 95,381 timing of receipt of tax advance for 2nd half FY settlement Public Utility Personal Property Tax $ 179,621 $ 179,621 $ 178,345 $ Unrestricted GrantsinAid $ 1,005,030 $ 965,845 $ 1,006,090 $ ODE coding for portion of OCT foundation funds shown as (39,185) Restricted below Restricted GrantsinAid $ 7,589 $ 52,379 $ 5,194 $ 44,790 ODE coding for portion of OCT foundation funds previously shown as Unrestricted above Property Tax Allocation $ 730,391 $ 730,562 $ 872,122 $ All Other Operating Revenues $ 117,072 $ 150,807 $ 116,389 $ 33, Total Revenue $ 7,140,858 $ 7,275,750 $ 7,387,541 $ 134,892 Other Financing Sources: Advances In $ 730,731 $ 730,731 $ $ All Other Financing Sources $ (4) $ 2,867 $ 940 $ 2, Total Revenue and Other Financing Sources $ 7,871,585 $ 8,009,348 $ 7,388,481 $ 137,763 Expenditures: Personnel Services $ 3,675,709 $ 3,669,566 $ 3,619,098 $ 6, Employees' Retirement/Insur. Benefits $ 1,341,379 $ 1,262,222 $ 1,290,837 $ 79, Purchased Services $ 1,014,707 $ 926,533 $ 797,970 $ 88, Supplies and Materials $ 336,384 $ 327,382 $ 262,056 $ 9, Capital Outlay $ 63,353 $ 66,203 $ 49,847 $ (2,850) Intergovernmental $ 575,331 $ 607,257 $ 559,639 $ (31,926) Other Objects $ 165,527 $ 139,067 $ 164,805 $ 26, Total Expenditures $ 7,172,390 $ 6,998,230 $ 6,744,252 $ 174,160 Other Financing Uses: Operating TransfersOut $ 300,000 $ 300,000 $ 1,000,000 $ Advances Out $ 622,749 $ 622,749 $ 394,215 $ All Other Financing Uses $ 500 $ $ 70 $ Total Expenditures and Other Financing Uses $ 8,095,139 $ 7,920,979 $ 8,138,467 $ 174,160 Surplus/(Deficit) FYTD $ (223,554) $ 88,369 $ (749,986) $ 311,923 interest earnings higher than anticipated as finalize banking/investment restructuring, estimates based on FY15 actuals timing, monthly estimates based on prior years' monthly percentages timing, monthly estimates of FY16 budgets expended based on prior years' monthly percentages CTE Partnership funds ($30K) paid to Independence in January vs FCST expenditure planned for June timing, monthly estimates of FY16 budgets expended based on prior years' monthly percentages

4 Revenue Analysis Report General Operating Fund Only FY16 Local Revenue Federal State Revenue Taxes Unrestricted Property Restricted Real Personal Other Grants Tax Grants Non Total Estate Property Interest Local inaid Allocation inaid Operating* Revenue July 3,017,335 1,253 1, ,841 1,057 (16) 3,158,872 August 1,208, ,994 12,532 37, ,765 1, ,743 2,253,956 September 325,052 70,627 5,772 33, ,238 1, ,877 October ,548 7, , ,972 12, ,529 November 13,692 1, , ,589 12, ,665 December 2,276 4, , , ,959 January 645,000 10,317 7, ,759 12, ,990 February March April May June Totals $5,196,536 $179,621 $58,391 $92,416 $0 $965,845 $730,562 $52,379 $731,098 $8,006,848 % of Total 64.90% 2.24% 0.73% 1.15% 0.00% 12.06% 9.12% 0.65% 9.13% *NonOperating Revenue includes advances in, and refund of prior year expenditures.

5 Expenditure Analysis Report General Operating Fund FY Other Non Total Salaries Benefits Services Supplies Equipment Intergov. Dues/Fees Operating* Expenses July 489, , ,238 23,580 10,374 80,951 5, ,990 August 443, , ,426 54,004 20,103 76,582 40, ,749 1,909,237 September 475, ,926 86,261 33,858 23,282 73,307 36, ,140 October 685, , , ,127 1, ,039 9,822 1,231,061 November 453, , ,378 50,083 75,931 15,883 15, ,470 December 465, ,897 97,638 16,542 3,322 80,093 8, ,158 January 657, , ,442 40,188 8, ,354 22,812 1,172,923 February March April May June TOTALS $3,669,566 $1,262,222 $926,533 $327,382 $66,203 $607,257 $139,067 $922,749 $7,920,979 % of Total 46.33% 15.94% 11.70% 4.13% 0.84% 7.67% 1.76% 11.65% *NonOperating expenses include advances and transfers out. Operating Fund includes General Fund (001) only for FY2016

6 January 31, 2016 FINSUMM Financial Summary Beginning Monthly Fiscal Year Monthly Fiscal Year Current Unencumbered Fund Fund Name Balance Receipts To Date Expenditures To Date Fund Current Fund 7/1/2015 Receipts Expenditures Balance Encumbrances Balance 001 General Fund $13,706, $824, $8,009, $1,172, $7,920, $13,795, $719, $13,075, Permanent Improvement $782, $0.00 $300, $125, $769, , $68, , Food Service $13, $6, $86, $10, $60, , $23, , Endowment $257, $76.78 $ $0.00 $ , $ , Uniform School Supplies $31, $ $48, $4, $51, , $10, , RotarySpecial Services $85, $1, $16, $2, $15, , $13, , Adult Education $145, $254, $1,696, $108, $1,249, , $21, , Public School Support $518, $6, $48, $ $57, , $28, , Other Grants $1, $0.00 $0.00 $0.00 $ $ District Agency $27, $126, $672, $136, $696, , $0.00 2, Underground Storage Tank $33, $0.00 $0.00 $0.00 $ , $ , Student Managed Activity $51, $1, $51, $7, $57, , $2, , Data Communications $2, $0.00 $ $0.00 $3, $ Vocational Education Enhancements $0.00 $0.00 $7, $ $7, (420.00) $0.00 (420.00) 466 Straight A Grant $160, $0.00 $244, $0.00 $405, $ Miscellaneous State Grants $34.64 $0.00 $0.00 $0.00 $ $ Carl Perkins Grants $ $0.00 $607, $63, $670, (63,014.41) $91, (154,086.71) 573 Title V Innovative Education Programs $8, $0.00 $0.00 $0.00 $8, $ Improving Teacher Quality Title IIA $0.00 $ $3, $0.00 $3, (108.49) $0.00 (108.49) Grand Totals (ALL Funds) $15,827, $1,222, $11,792, $1,632, $11,978, $15,641, $979, $14,662,469.85

7 Approved Funds for 2015/2016 This report is a listing of all grant funds authorized and/or received throughout the 2015/2016 fiscal year. Authorized Monthly Amount Amount Fund Description Amount Amount Received Received Received FYtodate Projecttodate State Grants 451/9908 Network Connectivity Subsidy $1, $0.00 $ $ /9016 High Schools That Work FY16 $4, $0.00 $3, $3, /9015 Ramtec Straight A $244, $0.00 $244, $244, Total State Funds $250, $0.00 $248, $248, Federal Grants 524/9015 Carl D. Perkins Secondary FY15 $293, $0.00 $31, $293, /9016 Carl D. Perkins Secondary FY16 $287, $0.00 $122, $122, /9025 Carl D. Perkins Adult FY15 $103, $0.00 $54, $103, /9026 Carl D. Perkins Adult FY16 $93, $0.00 $18, $18, /9015 Title IIA Improving Teacher Quality FY15 $1, $0.00 $1, $1, /9016 Title IIA Improving Teacher Quality FY16 $1, $ $ $ Total Federal Funds $780, $ $228, $539,613.28

8 Record of Advances for 2015/2016 as of 11/30/15 I N I T I A L A D V A N C E I N F O R M A T I O N ADVANCE RETURN Date FROM TO Fund Date Approved Fund Fund Name Amount Returned Amount 6/24/ /0000 Uniform School $13, $0.00 Supplies 6/24/ /9006 Section 125 $10, /29/2015 $10, NonUnion 6/24/ /9015 RamtecStraight $247, /29/2015 $247, A Grant 9/25/2014 & /9015 Carl Perkins $31, /29/2015 $31, /24/2015 Secondary FY15 9/25/ /9025 Carl Perkins $54, /29/2015 $54, Adult FY15 9/25/ /9015 Title IIA FY15 $1, /29/2015 $1, /23/ /9016 Title IIA FY16 $1, /29/2015 $1, /23/ /9026 Carl Perkins $93, /29/2015 $93, Adult FY16 7/23/ /9016 Carl Perkins $287, /29/2015 $287, Secondary FY16 7/23/ /9016 High Schools $4, /29/2015 $4, That Work FY16 7/23/ /0000 Adult Education $200, $0.00 8/27/ /0000 Food Services $10, $0.00 8/27/ /0000 Uniform School $12, $0.00 Supplies 11/5/ /0000 Food Services $15, $0.00 $0.00 TOTAL Advances for $980, $730, Advances Outstanding $250,000.00

9 Cash Reconciliation January 31, 2016 FINSUM Balance $ 15,641, Bank Balance: PNC Income Checking 1,422, Huntington National Bank 242, $ 1,664, Investments: U.S. Bank: Red Tree Investments Managed Portfolio 11,015, Westfield Bank Money Market 3,003, Petty Cash: Administrative Office 1, Change Fund: $ 14,019, $ 1, $ Less: Outstanding Checks $ (44,416.63) Outstanding Deposits/Other Adjustments: Monies In Transit $ Bank Balance $ 15,641, Variance $

10 January 31, 2016 Appropriation Summary Prior FY FYTD MTD FYTD FYTD FYTD Carryover FYTD Actual Actual Current Unencumbered Percent Fund Appropriated Encumbrances Expendable Expenditures Expenditures Encumbrances Balance Exp/Enc 001 General Fund $13,717, $651, $14,368, $7,920, $1,172, $719, ,727, % 003 Permanent Improvement $300, $782, $1,082, $769, $125, $68, , % 006 Food Service $126, $0.00 $126, $60, $10, $23, , % 008 Endowment $257, $0.00 $257, $0.00 $0.00 $ , % 009 Uniform School Supplies $70, $31, $101, $51, $4, $10, , % 011 RotarySpecial Services $42, $2, $44, $15, $2, $13, , % 012 Adult Education $2,032, $17, $2,050, $1,249, $108, $21, , % 018 Public School Support $467, $34, $502, $57, $ $28, , % 019 Other Grants $11, $0.00 $11, $ $0.00 $ , % 022 District Agency $895, $0.00 $895, $696, $136, $ , % 031 Underground Storage Tank $0.00 $0.00 $0.00 $0.00 $0.00 $ #DIV/0! 200 Student Managed Activity $166, $9, $175, $57, $7, $2, , % 451 Data Communications $4, $0.00 $4, $3, $0.00 $ % 461 Vocational Education Enhancements $6, $0.00 $6, $7, $ $0.00 (1,820.00) % 466 Straight A Grant $10, $147, $157, $405, $0.00 $0.00 (247,655.00) % 499 Miscellaneous State Grants $34.64 $0.00 $34.64 $34.64 $0.00 $ % 524 Carl Perkins Grants $380, $0.00 $380, $670, $63, $91, (380,452.10) % 573 Title V Innovative Education Programs $8, $0.00 $8, $8, $0.00 $ % 590 Improving Teacher Quality Title IIA $1, $0.00 $1, $3, $0.00 $0.00 (2,213.90) % NOTEnegative unencumbered balances in funds 461, 466, 524, and 590 only due to return of advances that do not need to be appropriated for repayment Totals $18,498, $1,676, $20,174, $11,978, $1,632, $979, $7,216, %

11 Vendor Amount Fund Description Illuminating Company $ 15, Electricity CCG Automation, Inc. $ 15, & 003 HVAC controls for RAMTEC addition and service agreement GRG Trucking Co., Inc. Machinery Movers $ 12, Storage & delivery of Robodrill for RAMTEC program Independence Local Schools $ 29, Career Technical Education Partnership Grant Treasurer of State of Ohio $ 5, Audit FY2015 Wells Fargo Financial Leasing $ 5, Printer Lease CBS Radio $ 7, marketing of careertech programs ISSI $ 7, Technology services North Coast Council $ 8, Instructional technology center base services, hardware maintenance agreement, wireless hosting, & backup hosting of CVCC equipment Tru Tech Tools $ 5, Auto technology program equipment/tools CVCCAdult Education Federal Disbursement $ 112, Adult Education federal grants/loans for students Dalton Combustion $ 12, Hot water vessel replacement deposit North Coast Council $ 17, Internet service for data and telephone Master Printing $ 24, Adult Education course catelogues and brochures Grainger $ 5, Mop sink and automatic flush valves ISSI $ 7, Technology services Sterling Professional Group $ 113, RAMTEC building Wells Fargo Financial Leasing $ 5, Printer Lease PNC Bank $ 539, various Payroll January 8, 2016 PNC Bank $ 10, various Medicare contributions 1/8 payroll STRS $ 36, various Certified retirement contributions 1/8 payroll PNC Bank $ 289, various Payroll January 22, 2016 STRS $ 33, various Certified retirement contributions 1/22 payroll SERS $ 34, various Classified retirement contributions January 2016 Suburban Health Consortium $ 96, various Employees' benefits insurance premiums NEO Administration Company $ 16, Section 125 program costs Cuyahoga Valley Career Center Check Register for Checks > $4, January 2016

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16 CVCC Adult Education Monthly and FYTD Estimates vs Actuals FY2016January 2016 Enrollment: 182 Receipts Mo. Estimate Mo. Actual Variance FYTD Estimate FYTD Actual Variance Explanation of Variance 1214Tuition 148, ,147 24, , , ,188 additional fulltime nursing students in 15/16, change in nursing seat fee/tuition payment terms, increase partially offset by reduced revenues in 'Other Classroom Fees' below 1730Sale of Materials 4,580 3,621 (959) 36,360 55,475 19,115 additional fulltime nursing students in 15/ Other Classroom Fees ,485 17,145 Reduction of nursing program seat fee now included (12,340) in tuition 1833Services to Patrons ,539 2, Miscellaneous (39) 2,303 2, State Foundation 0 78,456 78, , , , Transfers In Red.of Prior Year Expends Total Receipts 153, , , ,098 1,126, ,395 quarterly receipt of $313,826 updated ODE amount vs $250K in FCST estimate, balance to be paid in APR, amount increased over this FCST estimate and FY15 actual due to increased enrollment, variance to date due to increased funding to be received and timing of monthly payments to date vs prior FY's Expenditures 100Salaries 75,938 76,968 (1,030) 615, ,434 1, Fringe Benefits 24,824 24,837 (13) 191, ,566 2, Purchased Services 1,246 1,628 (382) 30,390 20,824 9, Supplies 5,196 3,832 1,364 52,305 49,537 2, Equipment , , Other 1,380 1, ,181 4,875 1, Refunds of Prior Yr. Rceipts ,500 1, Total Expenditures 109, ,288 1, , ,459 20,368 reduced costs for contracted services course providers and BCII employment background checks Surplus/(Deficit) for Month & FYTD 43, , ,698 (29,729) 247, ,762