Forecast Comparison - General Operating Fund - December 2015

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2 Forecast Comparison - General Operating Fund - December 2015 Variance- December 2015 FCST Estimate December 2015 Actuals December 2014 Actuals December 2015 Actuals to Estimate Revenue: General Property Tax (Real Estate) $ - $ - $ - $ Public Utility Personal Property Tax $ - $ - $ - $ Unrestricted Grants-in-Aid $ 138,047 $ 126,706 $ 138,015 $ (11,341) Restricted Grants-in-Aid $ 1,095 $ 12,307 $ 742 $ 11, Property Tax Allocation $ - $ 1 $ - $ All Other Operating Revenues $ 3,800 $ 6,574 $ 2,725 $ 2, Total Revenue $ 142,942 $ 145,588 $ 141,482 $ 2,646 Other Financing Sources: Advances In $ - $ - $ - $ All Other Financing Sources $ - $ 371 $ - $ Total Revenue and Other Financing Sources $ 142,942 $ 145,959 $ 141,482 $ 3,017 Expenditures: Personnel Services $ 516,223 $ 465,612 $ 470,504 $ 50, Employees' Retirement/Insur. Benefits $ 196,569 $ 174,897 $ 179,006 $ 21, Purchased Services $ 119,971 $ 97,638 $ 101,894 $ 22, Supplies and Materials $ 63,879 $ 16,542 $ 21,539 $ 47, Capital Outlay $ 1,000 $ 3,322 $ - $ (2,322) Intergovernmental $ 93,059 $ 80,093 $ 85,697 $ 12, Other Objects $ 8,396 $ 8,054 $ 9,396 $ Total Expenditures $ 999,097 $ 846,158 $ 868,036 $ 152,939 Other Financing Uses: Operating Transfers-Out $ - $ - $ - $ Advances Out $ - $ - $ - $ All Other Financing Uses $ - $ - $ - $ Total Expenditures and Other Financing Uses $ 999,097 $ 846,158 $ 868,036 $ 152,939 Surplus/(Deficit) for Month $ (856,155) $ (700,199) $ (726,554) $ 155,956 Explanation of Variance ODE coding for portion of OCT foundation funds shown as Restricted below ODE coding for portion of OCT foundation funds previously shown as Unrestricted above timing, monthly estimates based on prior years' monthly percentages, OAPSE negotiations settled w/ retro adjustments to be made in January timing, monthly estimates based on prior years' monthly percentages, OAPSE negotiations settled w/ retro adjustments to be made in January timing, monthly estimates of FY16 budgets expended based on prior years' monthly percentages timing, monthly estimates of FY16 budgets expended based on prior years' monthly percentages timing, monthly estimates of FY16 budgets expended based on prior years' monthly percentages

3 Forecast Comparison - General Operating Fund - December 2015 Current FYTD FCST Estimate Current FYTD Actuals Prior FYTD Actuals Variance- Current FYTD Actuals to Estimate Revenue: General Property Tax (Real Estate) $ 4,551,155 $ 4,551,536 $ 4,606,401 $ Public Utility Personal Property Tax $ 179,621 $ 179,621 $ 178,345 $ Unrestricted Grants-in-Aid $ 846,985 $ 816,086 $ 845,176 $ (30,899) Restricted Grants-in-Aid $ 6,494 $ 40,072 $ 4,452 $ 33, Property Tax Allocation $ 730,391 $ 730,562 $ 872,121 $ All Other Operating Revenues $ 111,949 $ 132,883 $ 112,818 $ 20, Total Revenue $ 6,426,595 $ 6,450,760 $ 6,619,313 $ 24,165 Other Financing Sources: Advances In $ 730,731 $ 730,731 $ - $ All Other Financing Sources $ (4) $ 2,867 $ 940 $ 2, Total Revenue and Other Financing Sources $ 7,157,322 $ 7,184,358 $ 6,620,253 $ 27,036 Explanation of Variance ODE coding for portion of OCT foundation funds shown as Restricted below ODE coding for portion of OCT foundation funds previously shown as Unrestricted above interest earnings higher than anticipated as finalize banking/investment restructuring, estimates based on FY15 actuals Expenditures: Personnel Services $ 3,162,359 $ 3,012,017 $ 3,053,664 $ 150, Employees' Retirement/Insur. Benefits $ 1,142,810 $ 1,090,732 $ 1,116,660 $ 52, Purchased Services $ 902,692 $ 772,091 $ 682,746 $ 130, Supplies and Materials $ 293,031 $ 287,194 $ 204,870 $ 5, Capital Outlay $ 61,788 $ 58,115 $ 42,396 $ 3, Intergovernmental $ 507,743 $ 488,903 $ 499,413 $ 18, Other Objects $ 145,059 $ 116,255 $ 143,337 $ 28, Total Expenditures $ 6,215,482 $ 5,825,307 $ 5,743,086 $ 390,175 timing, monthly estimates based on prior years' monthly percentages, OAPSE negotiations settled w/ retro adjustments to be made in January timing, monthly estimates based on prior years' monthly percentages, OAPSE negotiations settled w/ retro adjustments to be made in January timing, monthly estimates of FY16 budgets expended based on prior years' monthly percentages timing, monthly estimates of FY16 budgets expended based on prior years' monthly percentages, OAPSE negotiations settled w/ retro adjustments to be made in January timing, monthly estimates of FY16 budgets expended based on prior years' monthly percentages Other Financing Uses: Operating Transfers-Out $ 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 $ 7,138,231 $ 6,748,056 $ 7,137,301 $ 390,175 Surplus/(Deficit) FYTD $ 19,091 $ 436,302 $ (517,048) $ 417,211

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 in-aid Allocation in-aid 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 ,692 1, , ,589 12, ,665 December - - 2,276 4, , , ,959 January February March April May June Totals $4,551,536 $179,621 $48,073 $84,810 $0 $816,086 $730,562 $40,072 $731,098 $7,181,858 % of Total 63.38% 2.50% 0.67% 1.18% 0.00% 11.36% 10.17% 0.56% 10.18% *Non-Operating 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 February March April May June TOTALS $3,012,017 $1,090,732 $772,091 $287,194 $58,115 $488,903 $116,255 $922,749 $6,748,056 % of Total 44.64% 16.16% 11.44% 4.26% 0.86% 7.25% 1.72% 13.67% *Non-Operating expenses include advances and transfers out. Operating Fund includes General Fund (001) only for FY2016

6 December 31, 2015 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, $145, $7,184, $846, $6,748, $14,143, $910, $13,233, Permanent Improvement $782, $0.00 $300, $162, $644, , $194, , Food Service $13, $15, $80, $12, $49, , $32, , Endowment $257, $76.76 $ $0.00 $ , $ , Uniform School Supplies $31, $ $48, $3, $46, , $15, , Rotary-Special Services $85, $2, $14, $3, $12, , $17, , Adult Education $145, $166, $1,441, $122, $1,141, , $21, , Public School Support $518, $6, $41, $1, $57, , $18, , Other Grants $1, $0.00 $0.00 $ $ $ District Agency $27, $180, $546, $184, $559, , $ , Underground Storage Tank $33, $0.00 $0.00 $0.00 $ , $ , Student Managed Activity $51, $1, $50, $9, $49, , $3, , Data Communications $2, $0.00 $ $0.00 $3, $ Vocational Education Enhancements $0.00 $0.00 $7, $0.00 $7, $ (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 $ $48, $607, $18, $607, $78, (78,892.40) 573 Title V Innovative Education Programs $8, $0.00 $0.00 $0.00 $8, $ Improving Teacher Quality Title II-A $0.00 $0.00 $2, $1, $3, (1,084.90) $0.00 (1,084.90) Grand Totals (ALL Funds) $15,827, $568, $10,569, $1,365, $10,346, $16,051, $1,291, $14,759,584.32

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 FY-to-date Project-to-date 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, $37, $122, $122, /9025 Carl D. Perkins Adult FY15 $103, $0.00 $54, $103, /9026 Carl D. Perkins Adult FY16 $93, $11, $18, $18, /9015 Title II-A Improving Teacher Quality FY15 $1, $0.00 $1, $1, /9016 Title II-A Improving Teacher Quality FY16 $1, $0.00 $0.00 $0.00 Total Federal Funds $780, $48, $227, $538,636.87

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 $10, /29/2015 $10, Non-Union 6/24/ /9015 Ramtec-Straight $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 II-A FY15 $1, /29/2015 $1, /23/ /9016 Title II-A 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 December 31, 2015 FINSUM Balance $ 16,051, Bank Balance: PNC Income Checking 1,664, Huntington National Bank 206, KeyBank 5, FirstMerit Bank 174, Investments: U.S. Bank: Red Tree Investments Managed Portfolio 11,007, Westfield Bank Money Market 3,003, $ 2,050, Petty Cash: Administrative Office 1, $ 14,010, Change Fund: $ $ 1, Less: Outstanding Checks $ (11,101.66) Outstanding Deposits/Other Adjustments: Monies In Transit $ Bank Balance $ 16,051, Variance $ -

10 December 31, 2015 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, $6,748, $846, $910, ,710, % 003 Permanent Improvement $300, $782, $1,082, $644, $162, $194, , % 006 Food Service $126, $0.00 $126, $49, $12, $32, , % 008 Endowment $257, $0.00 $257, $0.00 $0.00 $ , % 009 Uniform School Supplies $70, $31, $101, $46, $3, $15, , % 011 Rotary-Special Services $42, $2, $44, $12, $3, $17, , % 012 Adult Education $2,032, $17, $2,050, $1,141, $122, $21, , % 018 Public School Support $467, $34, $502, $57, $1, $18, , % 019 Other Grants $11, $0.00 $11, $ $ $ , % 022 District Agency $895, $0.00 $895, $559, $184, $ , % 031 Underground Storage Tank $0.00 $0.00 $0.00 $0.00 $0.00 $ #DIV/0! 200 Student Managed Activity $166, $9, $175, $49, $9, $3, , % 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, $607, $18, $78, (305,257.79) % 573 Title V Innovative Education Programs $8, $0.00 $8, $8, $0.00 $ % 590 Improving Teacher Quality Title II-A $1, $0.00 $1, $3, $1, $0.00 (2,213.90) % NOTE-negative 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, $10,346, $1,365, $1,291, $8,536, %

11 Check Register for Checks > $4, December 2015 Vendor Amount Fund Description Augusoft $ 11, Software license annual renewal CCG Automation, Inc. $ 13, /003 RAMTEC HVAC automation controls/svc. agreement Gordon Food Service $ 10, /011 Lunch program & Culinary catering food Integra Enterprises Inc. $ 10, Replacement audio equipment for Conference Room A and Valley Inn ISSI $ 7, Technology services Illuminating Company $ 17, Electricity Sterling Professional Group $ 137, RAMTEC building Treasurer of State of Ohio $ 5, Audit FY2015 Wells Fargo Financial Leasing $ 5, Printer lease Nataunda Bibb $ 5, Adult Education federal grants/loans Morgan Gall $ 5, Adult Education federal grants/loans CVCC-Adult Education Federal Disbursement $ 136, Adult Education federal grants/loans for students CDW-G $ 8, Cisco Smarnet license annual renewal ISSI $ 7, Technology services PNC Bank $ 330, various Payroll December 11, 2015 PNC Bank $ 6, various Medicare contributions 12/11 payroll STRS $ 36, various Certified retirement contributions 12/11 payroll PNC Bank $ 301, various Payroll December 24, 2015 PNC Bank $ 5, various Medicare contributions 12/24 payroll STRS $ 34, various Certified retirement contributions 12/24 payroll SERS $ 37, various Classified retirement contributions December 2015 Suburban Health Consortium $ 97, various Employees' benefits insurance premiums NEO Adminstration Company $ 9, Section 125 program costs

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16 CVCC Adult Education Monthly and FYTD Estimates vs Actuals FY2016--December 2015 Enrollment: 46 Receipts Mo. Estimate Mo. Actual Variance FYTD Estimate FYTD Actual Variance Explanation of Variance increased participation in dental assisting, HVAC, EKG, computer and other personal interest/leisure courses, 1214-Tuition 91, ,517 72, , , ,172 increased enrollment for additional full-time nursing students in 15/16, change in nursing seat fee/tuition payment terms 1730-Sale of Materials 2, (1,759) 31,780 51,854 20,074 additional full-time nursing students in 15/16, change in nursing seat fee/tuition payment terms, additonal part-time nursing students' (37 total) fees and books, increase partially offset by reduced revenues in 'Other Classroom Fees' below 1790-Other Classroom Fees 2, (1,784) 29,371 16,945 (12,426) Reduction of nursing program seat fee now included in tuition, timing of receipt of cosmetology seat fees in FY16 vs prior fiscal years used for estimates 1833-Services to Patrons ,414 2, Miscellaneous ,112 2, State Foundation , ,914 22, Transfers In Red.of Prior Year Expends Total Receipts 96, ,480 69, , , ,788 quarterly receipt of $313,826 updated ODE amount vs $250K in FCST estimate, balance to be paid in JAN, & 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 100-Salaries 87,371 87, , ,465 2, Fringe Benefits 27,417 26, , ,729 2, Purchased Services 5,156 3,157 1,999 29,144 19,196 9, Supplies 596 4,379 (3,783) 47,109 45,705 1, Equipment , , Other ,801 3, Refunds of Prior Yr. Rceipts ,500 1, Total Expenditures 121, ,401 (1,156) 790, ,171 19,276 reduced costs for contracted services course providers and BCII employment background checks Surplus/(Deficit) for Month & FYTD (24,269) 44,079 68,348 (73,443) 100, ,064