07/01/02                                          OHIO DEPARTMENT OF EDUCATION                                                      
                                             POLICY RESEARCH & ANALYSIS - SIMULATION UNIT                                           
          PROJECTED SF3 FUNDING CALCULATION FOR FY03 PURSUANT TO PROVISIONS OF HB94 AS PASSED BY GENERAL ASSEMBLY                   

               IRN: 43794    DISTRICT: Cleveland Hts-Univ Hts City                      COUNTY: Cuyahoga                             

           A-CURRENT YEAR FORMULA ADM [Aa-(0.5*Ab)-(0.75*Ac)+(0.25*Ad)]                                        6,510.46 (SF3:3A)     
              a-TOTAL ADM                                                                                      6,728.67 (SF3:2)      
              b-KINDERGARTEN ADM                                                                                 445.42 (SF3:1A-1F)  
              c-JVS ADM                                                                                            0.00 (SF3:1G-1H)  
              d-VOCATIONAL CONTRACT ADM                                                                           18.00              
           B-THREE YEAR AVERAGE FORMULA ADM                                                                    6,538.46 (SF3:3B)     
           C-GREATER OF CURRENT YEAR OR 3 YEAR AVERAGE FORMULA ADM                                             6,538.46              
           D-COST OF DOING BUSINESS FACTOR                                                                       1.0672 (SF3:5A)     
           E-MEDIAN INCOME TY00 - {STATEWIDE MEDIAN INCOME=$30,079}                                           37,019.00              
           F-UNADJUSTED PROPERTY VALUATION                                                               974,823,724.00 (SF3:4A)     
           G-RECOGNIZED PROPERTY VALUATION                                                               938,503,791.00 (SF3:4C)     
           H-FORMULA AMOUNT [($4,949*C*D)-(G*Ha)+I]                                                       12,947,748.44 (SF3:6)      
              a-CHARGE OFF MILLAGE [0.023 FOR SCHOOL DISTRICTS & 0.0005 FOR JOINT VOCATIONAL SCHOOLS]                                
           I-EXEMPT PROPERTY VALUATION ADJUSTMENT {SEC. 3317.022(A)(2)}                                            0.00              
           J-3317. 23 ADJUSTMENTS [Ja+Jb+Jc]                                                                  42,571.79              
              a-CLASSROOM TEACHER ADJUSTMENT                                                                       0.00 (SF3:10A)    
              b-TEACHER TRAINING ADJUSTMENT                                                                   42,571.79 (SF3:10B)    
              c-EDUCATION SERVICE PERSONNEL ADJUSTMENT                                                             0.00 (SF3:10C)    
           K-AVERAGE NUMBER OF OWF STUDENTS                                                                      769.80              
           L-AVERAGE PERCENT OF OWF STUDENTS                                                                      11.77              
           M-DPIA INDEX [L/8.2322] {8.2322 IS THE STATEWIDE AVERAGE OWF PERCENT}                                   1.43              
           N-SAFETY & REMEDIATION DPIA [IF 0.35=&ltM&lt1 THEN (K*230) IF M>=1 THEN (K*230*M)]                    253,216.82          
           O-FULL DAY KINDERGARTEN DPIA [IF M>=1 THEN ((Ab/2)*$4,949)]                                     1,102,189.69              
           P-CLASS SIZE REDUCTION DPIA [Pa*$43,658] {$43,658 IS AVERAGE TEACHER SALARY & FRINGE}             830,428.68              
              a-ADDITIONAL TEACHERS NEEDED FOR K-3 CLASS SIZE REDUCTION                                           19.02              
           Q-DPIA GUARANTEE AMOUNT {POSITIVE DIFFERENCE OF FY98 DPIA MINUS FY03 DPIA}                              0.00              
           R-TOTAL DPIA [N+O+P+Q]                                                                          2,185,835.19 (SF3:11)     
           S-TOTAL GIFTED AMOUNT                                                                             153,898.41 (SF3:12)     
           T-STATE AID RATIO [(H/C)/($4,949*D)]                                                                    0.37 (SF3:7)      
           U-STATE WEIGHTED SPECIAL EDUCATION CLASSROOM FUNDING [$4,949*Ug*T]                              1,477,154.85 (SF3:8)      
              a-SPECIAL EDUCATION CATEGORY 1 STUDENT COUNT {REDUCED 0.2531 WEIGHT}                                82.11              
              b-SPECIAL EDUCATION CATEGORY 2 STUDENT COUNT {REDUCED 0.3230 WEIGHT}                               557.82              
              c-SPECIAL EDUCATION CATEGORY 3 STUDENT COUNT {REDUCED 1.5483 WEIGHT}                               173.63              
              d-SPECIAL EDUCATION CATEGORY 4 STUDENT COUNT {REDUCED 2.0690 WEIGHT}                                 5.05              
              e-SPECIAL EDUCATION CATEGORY 5 STUDENT COUNT {REDUCED 2.7238 WEIGHT}                                67.57              
              f-SPECIAL EDUCATION CATEGORY 6 STUDENT COUNT {REDUCED 4.1424 WEIGHT}                                31.82              
              g-WEIGHTED COUNT [(Ua*0.2531)+(Ub*0.3230)+(Uc*1.5483)+(Ud*2.0690)+(Ue*2.7238)+(Uf*4.1424)          796.07              
           V-SPEECH ONLY RELATED SERVICES [((A/2000)*$30,000)*T]                                              36,614.97              
           W-STATE WEIGHTED VOC ED [(Wa*0.57)+(Wb*0.28)+((Wa+Wb)*0.05)]*$4,949*T                             152,113.72 (SF3:9)      
              a-WORK FORCE DEVELOPMENT VOCATIONAL FTE                                                            104.80 (SF3:9)      
              b-OTHER VOCATIONAL FTE                                                                              51.52 (SF3:9)      
           X-GRADS TEACHER GRANT [(Xa*$46,260)*T]                                                             11,794.25              
              a-FTE GRADS TEACHERS                                                                                 0.68              
           Y-EQUITY AID [($66,900-Yb)*0.009*Ya] {$66,900 IS THE THRESHOLD VALUATION PER PUPIL}                     0.00 (SF3:13)     
              a-ADM USED IN EQUITY CALCULATION {PREVIOUS YEAR FORMULA ADM}                                     6,577.37              
              b-EQUITY ADJUSTED VALUATION PER PUPIL                                                          144,260.89              
           Z-BASIC AID [H+J+R+S+U+V+W+X+Y]                                                                17,007,731.61 (SF3:16)     
          AA-ADDITIONAL GUARANTEE AMOUNT [AAa-Z ONLY IF AAa>Z AND C>150]                                           0.00              
              a-FY98 FUNDAMENTAL AMOUNT                                                                   13,108,010.37              
          AB-TRANSPORTATION AMOUNT                                                                           604,107.65 (SF3:15)     
          AC-EXCESS CATEGORICAL SUPPLEMENT                                                                   281,981.99              
          AD-PARITY AID [IF (E/$30,079)<=1 & M>=1 & D>=1.0375 THEN GREATER OF (ADa OR ADe) ELSE ADa]               0.00 (SF3:17)   
              a-SEC 3317.0217(C) CALCULATION [((($144,155.29-ADb)*0.0095)*A)*0.4 ONLY IF ADb<$144,155.2            0.00            
              b-LOCAL WEALTH [((1/3)*ADc)+((2/3)*ADd)]                                                       176,137.45              
              c-3 YEAR AVERAGE INCOME PER PUPIL                                                              240,105.91              
              d-CURRENT YEAR VALUATION PER PUPIL                                                             144,153.21              
              e-SEC 3317.0217(D) CALCULATION [($60,000*(1-(E/$30,079))*(4/15)*0.023)*A]                            0.00              
          AE-TOTAL SF3 [Z+AA+AB+AC+AD]                                                                    17,893,821.25 (SF3:18)     
          AF-ESC TRANSFER                                                                                     48,538.13 (SF3:20)     
          AG-REAPPRAISAL GUARANTEE                                                                                 0.00              
          AH-SF3 AID LESS ESC TRANSFER PLUS REAPPRAISAL GUARANTEE [(AE-AF)+AG]                            17,845,283.12 (SF3:21)     
          AI-CHARGE OFF SUPPLEMENT                                                                                 0.00              
          AJ-SF3 AID PLUS CHARGE OFF SUPPLEMENT [AH+AI]                                                   17,845,283.12              
          AK-ALL OTHER ADJUSTMENTS [AKa+AKb+AKc+AKd+AKe]                                                     472,617.68              
              a-ESTIMATED PRE-SCHOOL CLASSROOM & RELATED SERVICE FUNDING                                     288,260.77 (SF3:22A)    
              b-ESTIMATED COMMUNITY SCHOOL TRANSFER                                                         -368,028.94 (SF3:22C)    
              c-ESTIMATED OPEN ENROLLMENT ADJUSTMENT                                                               0.00 (SF3:22D)    
              d-ESTIMATED SPECIAL EDUCATION TRANSPORTATION                                                   400,918.22 (SF3:22E)    
              e-ESTIMATED OTHER ADJUSTMENTS                                                                  151,467.63 (SF3:22F)    
          AL-TOTAL FUNDING FOR FY03 PLUS ADJUSTMENTS [AJ+AK]                                              18,317,900.80 (SF3:23)     
          AM-TOTAL FY02 FUNDING INCLUDING ALL ADJUSTMENTS                                                 17,547,908.94              
          AN-CHANGE IN TOTAL FUNDING FY02 TO FY03 [AM-AL]                                                    769,991.86