Tipp City Exempted Village School District FIVE YEAR FORECAST July 1, 2014 June 30, 2019
|
|
- Ethelbert Russell
- 6 years ago
- Views:
Transcription
1 Tipp City Exempted Village School District FIVE YEAR FORECAST July 1, 2014 June 30,
2 Assumptions Updated to include 2014 actual figures Tax revenue estimate for 2015 reflects Miami County Auditor estimates Personnel and benefit costs include 2015 s current staffing levels 2
3 Implications of Forecast District s 2014 ending cash balance is higher than projected Cash balances decrease and reserves are tapped throughout the forecast Beginning in 2017 the District s estimated expenditures exceed estimated revenue Current assumptions and operations cannot be sustained beyond 2018 even with renewal of both emergency levies in tax year
4 District Considerations Development of levy plan Development of new strategies that promote a positive cash balance Monitoring and projection of enrollment figures 4
5 Revenue/Expenditure Overview Ending Cash Balances: 2015 $ 3,929, $ 4,430, $ 4,066, $ (136,763) 2019 $ (8,684,534) $30,000, $25,000, $20,000, $15,000, $10,000, $5,000, $- $(5,000,000.00) Revenue Expenditures Excess Ending Cash $(10,000,000.00) $(15,000,000.00) 5
6 Revenue Assumptions Property Tax Allocation, 11% General Fund Estimated Revenue - FY15 $22,989,991 Other Revenue, 4% Restricted Grants, 0% Property Taxes, 53% Unrestricted Grants, 33% Property Taxes Unrestricted Grants Restricted Grants Property Tax Allocation Other Revenue 6
7 Revenue Assumptions (continued) Property Taxes, Line % of estimated revenue Limited growth through % of tax revenue are fixed levies or emergency levies expiring in tax year 2016 Tax values have decreased this tax year by approximately 7% causing effective tax rates to rise, and the loss of approximately $100,000 in tax revenue 7
8 Revenue Assumptions (continued) Unrestricted Grants in Aid, Line % of estimated revenue Foundation Formula Aid 2015 s estimate is based on current enrollment figures 2015 is last year of biennium budget at which time the state funding model could change Years beyond 2015 are estimated based on limited growth and unknown future formula components 8
9 Revenue Assumptions (continued) Unrestricted Grants in Aid, Line % of estimated revenue (continued) Open Enrollment Current estimate based on 2014 s funding level with no significant changes in enrollment Casino Tax Revenue 2014 funding was $130,000. Amount is projected to stay stable across the forecast
10 Revenue Assumptions (continued) Property Tax Allocation, Line % of estimated revenue Tax Credits Forecasted at.05% increase per year which is in-line with projected tax revenue growth State Reimbursement Loss reimbursement will fall off if emergency levies not renewed Tangible personal property loss reimbursement will be totally phased out by October 2018 Reimbursement totally removed from forecast in
11 Expenditure Assumptions General Fund Estimated Expenditures - FY15 Principal - Other, $21,531,429 0% Interest & Fiscal Capital Outlay, 0% Charges, 0% Other Objects, 6% Supplies and Materials, 3% Purchased Services, 11% Personal Services, 60% Personal Services Benefits Purchased Services Supplies and Materials Capital Outlay Benefits, 20% Principal - Other Interest & Fiscal Charges Other Objects 11
12 Expenditure Assumptions (continued) Personal Services, Line % of estimated expenditures Base salary increases of 2% through 2019 Staffing changes for 2015 including all-day kindergarten staff, one nursing staff and part-time mechanic No major staffing increases after 2015 Realized savings in personal services from retirements and change in workdays for transportation staff 12
13 Expenditure Assumptions (continued) Employees Retirement/Insurance Benefits, Line % of estimated expenditures.5 increase in health insurance in % increase for health insurance from No increase for dental and life insurance through 2019 Increase in worker s compensation premium of 5% in 2015 based on moving from a group experience rating plan to an individual rating (the district anticipates moving back in to a group experience rating plan in 2016) 13
14 Expenditure Assumptions (continued) Purchased Services, Line % of estimated expenditures Utilities, professional development, special education services, open enrollment and community school payments, scholarship, PSEO and college credit plus deductions Utilities show a slight increase to prepare for inclement weather Professional development includes cost absorbed by the general fund due to expiration of Race to the Top funds Special education services cost are expected to increase in keeping with national trends Open enrollment and other tuition-type payments are based on 2014 s levels 14
15 Expenditure Assumptions (continued) Supplies and Materials, Line % of estimated expenditures Line item is increased 3% over the life of the forecast for anticipated increases in diesel fuel and instructional materials costs Capital Outlay, Line Includes bus purchase in years 2016 to 2019 (this would be in addition to a bus purchased out of the permanent improvement fund) 15
16 Expenditure Assumptions (continued) Other Objects, Line Includes transfers to the uniform school supplies fund for state-mandated waivers, and subsidy to nutrition services fund for anticipated deficit 16
17 Conclusion The district will see a 24% revenue reduction from 2015 to 2019 in greatest part due to expiration of two emergency levies Expenditures will climb by more than 21% over life of the forecast mostly due to cost of doing business Cash reserves not sufficient to maintain operations beyond 2018 Deficit spending in 2017 even with consideration of renewal of two emergency levies Forecast demonstrates district has been operating within in their means and has made appropriate budgetary decisions to extend the latest voted operating funds through to their expiration Additional programs, changes in services, and/or prevention of cut to services cannot be implemented without additional funding and renewal of both emergency levies 17
Tipp City Exempted Village Schools. Miami County
Tipp City Exempted Village Schools Miami County Assumptions for Five-Year Financial Forecast Projected Fiscal years June 30, 2014 through June 30, 2018 Forecast provided by: Tipp City Exempted Village
More informationHilliard City School District
Hilliard City School District Five-Year Forecast For the Projected Years Ending June 30, 2018 through June 30, 2022 October 2017 Please visit the Ohio Department of Education website at ftp://ftp.ode.state.oh.us/geodoc/5-yrforecast/.
More informationRiverside Local School District
Riverside Local School District Five Year Forecast Presentation October 22, 2018 Presented by: Gary A. Platko Guidance The Ohio Department of Education (ODE) has developed a guide to assist teachers, administrators,
More informationHUDSON CITY SCHOOLS FINANCIAL REPORT. October 2014 Five-Year Forecast Update KATHRYN L. SINES TREASURER / CFO.
HUDSON CITY SCHOOLS FINANCIAL REPORT October 2014 Five-Year Forecast Update KATHRYN L. SINES TREASURER / CFO www.sinesk@hudson.edu 1 Forecast Purpose This forecast is intended to assist the school district
More informationNorth Olmsted City Schools Major Assumptions Used in the Preparation of the Five-Year Forecast Prepared October 12, 2017
North Olmsted City Schools Major Assumptions Used in the Preparation of the Five-Year Forecast Prepared October 12, 2017 Financial Summary Enclosed is a summary of major assumptions used in the preparation
More informationLANCASTER CITY SCHOOL DISTRICT - - FAIRFIELD COUNTY IRN:
LANCASTER CITY SCHOOL DISTRICT - - FAIRFIELD COUNTY IRN: 44206 Schedule of Revenues, Expenditures and Changes in Fund Balances ACTUAL AND FORECASTED OPERATING FUND Actual Forecasted Fiscal Year Fiscal
More informationSummary of Significant Forecast Assumptions Amanda-Clearcreek Local School District July 1, 2017 June 30, 2022 October 2017.
Summary of Significant Forecast Assumptions Amanda-Clearcreek Local School District July 1, 2017 June 30, 2022 October 2017 Revenues: 1.010 Real Estate: This line item contains revenue collected from taxes
More informationBellefontaine City School District. Fiscal Year Five Year Forecast
Bellefontaine City School District Fiscal Year 2018 Five Year Forecast Adopted May 21, 2018 Compiled By: Keith E. Krieger, Treasurer/CFO PURPOSE OF THE FORECAST BELLEFONTAINE CITY SCHOOL DISTRICT The five-year
More informationGRANVILLE SCHOOLS CASH BALANCE GUIDELINES AND THE MAY 5-YEAR FORECAST
GRANVILLE SCHOOLS CASH BALANCE GUIDELINES AND THE MAY 5-YEAR FORECAST Mike Sobul, CFO/Treasurer Dan Gibson, Member, Superintendent s Finance Committee May 2013 CASH BALANCE GUIDELINES Why Have Cash Balance
More informationCash Balance June 30 15,940,136 15,271,647 13,479,243 12,241,640 11,698,295 10,837,831 9,756,394 8,379,673
Whitehall City School District Schedule Of Revenue, Expenditures and Changes In Fund Balances Actual and Forecasted Operating Fund ACTUAL FORECASTED Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal
More informationTipp City Exempted Village Schools. Miami County
Tipp City Exempted Village Schools Miami County Monthly Financial Report March 2015 Contents: March 2015 Bank Reconciliation March 2015 Interest Monthly Financial Report 3 Year History Monthly Financial
More informationBrunswick City School District Five Year Financial Forecast Fiscal Year 2017 to Fiscal Year 2021 (Including Historical Data)
Brunswick City School District Five Year Financial Forecast Fiscal Year 2017 to Fiscal Year 2021 (Including Historical Data) Prepared by the Office of the Treasurer/CFO 3643 Center Road Brunswick, Ohio
More informationSpringboro Community City School District
Springboro Community City School District Updated Financial Forecast Summary & Report November 2014 Terrah Floyd, CFO tfloyd@springboro.org Forecast Purpose This forecast is intended to assist the school
More informationForecast Provided By Fairborn City School District Treasurer's Office Nicole Marshall, Treasurer/CFO
FAIRBORN CITY SCHOOL DISTRICT-GREENE COUNTY SCHEDULE OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCES FOR THE FISCAL YEARS ENDED JUNE 30, 2015, 2016 and 2017 ACTUAL FORECASTED FISCAL YEARS ENDING
More informationFive - Year Financial Forecast. Presentation to Board of Education Schoharie CSD
Five - Year Financial Forecast Presentation to Board of Education Schoharie CSD FINANCIAL 2014-15 TO 2018-19 This forecast is based upon our purpose to continue to improve student educational achievement
More informationNorthwest Local School District (Hamilton County) 5-Year Forecast Assumptions May 11, 2015
Northwest Local School District (Hamilton County) 5-Year Forecast Assumptions May 11, 2015 Disclaimers The 5-year forecast for Northwest Local School District (Hamilton County) is derived from the last
More informationBoard of Education Public Hearing Budget Update
Board of Education Budget Update June 21, 2012 2012 Millage Rate Summary Tax Base Purpose # of Mills Non Homestead General Operating 18.0000 Commercial Personal Property Homestead & Qualified Agricultural
More informationEASTWOOD LOCAL SCHOOL DISTRICT
EASTWOOD LOCAL SCHOOL DISTRICT Five Year Forecast Notes and Assumptions May 15, 2017 HOME OF THE EAGLES REVENUE ASSUMPTIONS School districts operate from three sources of tax revenue: Local Property Taxes,
More informationSpringboro Community City School District
Springboro Community City School District Financial Forecast Summary & Report May 29, 2014 Terrah Floyd, CFO tfloyd@springboro.org 1 Forecast Purpose This forecast is intended to assist the school district
More informationChange
CLEARVIEW LOCAL SCHOOL DISTRICT Lorain County Schedule of Revenues, Expenditures and Changes in Fund Balances For the Fiscal Years Ended June 30, 2015, 2016, and 2017 Actual Forecasted Fiscal Years Ending
More informationLicking Heights Local School District 5 Year Forecast Assumptions (FY 2013 FY 2017) Board Approved: October 24, Revenue:
Licking Heights Local School District 5 Year Forecast Assumptions (FY 2013 FY 2017) Board Approved: October 24, 2012 Revenue: General Property Tax (Real Estate) Property values dropped 7.04% in aggregate
More informationFive Year Forecast Financial Report
Five Year Forecast Financial Report May, 2017 Brett Griffith, CFO 1 Table of Contents PAGE # Table of Contents 2 Executive Summary 3 Revenue Overview 4 1.010 General Property Tax (Real Estate) 5 1.020
More informationMILFORD EXEMPTED VILLAGE SCHOOL DISTRICT FISCAL YEAR 2014 FIVE-YEAR FORECAST ASSUMPTIONS
The Ohio Department of Education (ODE) requires the submission of a five year forecast of revenue and expenditures for the general operating fund of public school districts which is legally adopted by
More informationFive Year Forecast Financial Report
May, 2018 RIVERSIDE LOCAL SCHOOL DISTRICT - - LAKE COUNTY Five Year Forecast Financial Report 1 Table of Contents Table of Contents 2 Executive Summary 3 PAGE # Revenue Overview 4 1.010 - General Property
More informationBrunswick City School District Five Year Financial Forecast Fiscal Year 2017 to Fiscal Year 2021 (Including Historical Data)
Brunswick City School District Five Year Financial Forecast Fiscal Year 2017 to Fiscal Year 2021 (Including Historical Data) Prepared by the Office of the Treasurer/CFO Brunswick City School District 3643
More informationTipp City Exempted Village Schools. Miami County
Tipp City Exempted Village Schools Miami County Monthly Financial Report December 2013 Contents: December 2013 Bank Reconciliation December 2013 Interest/Investment Statement Monthly Financial Report 3
More informationTipp City Exempted Village Schools. Miami County
Tipp City Exempted Village Schools Miami County Monthly Financial Report November 2013 Contents: November 2013 Bank Reconciliation November 2013 Interest/Investment Statement Monthly Financial Report 3
More informationCloverleaf Local School District Five-Year Financial Forecast
Cloverleaf Local School District Five-Year Financial Forecast Jason Myers President Michael Maloney Vice President Jane Rych Board Member Jim Curran Board Member Bill Schmock Board Member James Hudson
More information7.020 Cash Balance June 30 3,709,735 4,692,492 5,469, % 5,455,806 5,183,533 4,810,736 4,205,146 3,345,106
Ripley-Union-Lewis-Huntington S.D. Brown County Schedule of Revenues, Expenditures and Changes in Fund Balances For the Fiscal Years Ended June 30, 2015, 2016 and 2017 Actual; Forecasted Fiscal Years Ending
More informationLAKEWOOD CITY SCHOOLS
LAKEWOOD CITY SCHOOLS Financial Forecast and Summary Report May 2017 Kent R. Zeman, CPA CFO/Treasurer In Collaboration with: Lakewood Board of Education Members Mr. Jeff Patterson, Superintendent Administrative
More informationLICKING HEIGHTS LOCAL SCHOOL DISTRICT LICKING COUNTY, OHIO
FINANCIAL FORECAST NOTES OCTOBER 2015 Nick Roberts, CFO/Treasurer njroberts@laca.org Licking Heights Five Year Forecast FISCAL YEAR 2016 Actual Forecasted 2013 2014 2015 2016 2017 2018 2019 2020 1.010
More informationMiami County, Ohio FIVE-YEAR FINANCIAL FORECAST NOTES AND ASSUMPTIONS. For the Fiscal Years Ending June 30, 2013 through 2017
Miami County, Ohio FIVE-YEAR FINANCIAL FORECAST NOTES AND ASSUMPTIONS For the Fiscal Years Ending June 30, 2013 through 2017 May 13, 2013 General The Ohio Constitution assigns the state the responsibility
More informationCopley-Fairlawn City Schools, Summit County Five Year Forecast Assumptions May, 2011
Copley-Fairlawn City Schools, Summit County Five Year Forecast Assumptions May, 2011 The Copley-Fairlawn City School District has achieved Excellent with Distinction status as measured and reported in
More informationCUYAHOGA HEIGHTS LOCAL SCHOOL DISTRICT CUYAHOGA COUNTY REGULAR AUDIT
CUYAHOGA HEIGHTS LOCAL SCHOOL DISTRICT CUYAHOGA COUNTY REGULAR AUDIT FOR THE YEAR ENDED JUNE 30, 2014 CUYAHOGA HEIGHTS LOCAL SCHOOL DISTRICT CUYAHOGA COUNTY TABLE OF CONTENTS TITLE PAGE Independent Auditor
More informationFive Year Forecast Financial Report
LOGO CLARK SHAWNEE LOCAL SCHOOL DISTRICT CLARK COUNTY Five Year Forecast Financial Report October, 2017 1 Table of Contents Table of Contents 2 Executive Summary 3 PAGE # Revenue Overview 4 1.010 General
More informationFindlay City School District Hancock County Five Year Forecast for Fiscal Years 2016 through 2023
Findlay City School District Hancock County Five Year Forecast for Fiscal Years 2016 through 2023 Actual Forecasted Fiscal Year Fiscal Year Fiscal Year Average Fiscal Year Fiscal Year Fiscal Year Fiscal
More informationFive Year Forecast Financial Report
Five Year Forecast Financial Report October, 2016 1 Table of Contents Table of Contents 2 Executive Summary 3 PAGE # Revenue Overview 4 1.010 - General Property Tax (Real Estate) 5 1.020 - Public Utility
More informationFive Year Forecast Financial Report
Five Year Forecast Financial Report October, 2017 Mark Astorino, Treasurer/CFO 1 Table of Contents PAGE # Table of Contents 2 Executive Summary 3 Revenue Overview 4 1.010 General Property Tax (Real Estate)
More informationWorthington City School District
Enclosure B-1-b May 9, 2016 Worthington City School District General Fund Five Year Forecast July 1, 2015 Through June 30, 2020 May 9, 2016 Presented By Jeff McCuen, CPA, Treasurer/CFO Forecast Revenue
More informationNORTHRIDGE LOCAL SCHOOL DISTRICT - LICKING COUNTY SCHEDULE OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCES FOR THE FISCAL YEARS ENDED ACTUAL
NORTHRIDGE LOCAL SCHOOL DISTRICT - LICKING COUNTY SCHEDULE OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCES FOR THE FISCAL YEARS ENDED ACTUAL JUNE 30, 2015, 2016, and 2017 FORECASTED FISCAL YEARS
More informationFINANCIAL PLAN F I N A N C I A L P L A N. Prince George s County Public Schools Page 27
B o a r d o f E d u c a t i o n A P P R O V E D A n n u a l O p e r a t i n g B u d g e t FY 2017 FINANCIAL PLAN Prince George s County Public Schools Page 27 FY 2017 B o a r d o f E d u c a t i o n A
More informationFive Year Forecast Financial Report
Five Year Forecast Financial Report May, 2017 1 Table of Contents Table of Contents 2 Executive Summary 3 PAGE # Revenue Overview 4 1.010 - General Property Tax (Real Estate) 5 1.020 - Public Utility Personal
More informationFive Year Forecast Financial Report
Five Year Forecast Financial Report October, 2016 1 Table of Contents Table of Contents 2 Executive Summary 3 PAGE # Revenue Overview 4 1.010 General Property Tax (Real Estate) 5 1.020 Public Utility Personal
More informationLoveland City School District
Financial Forecast Summary & Report March 24, 2015 Brett Griffith, CFO Loveland City Schools (griffibr@lovelandschools.org) Forecast Purpose This forecast is intended to assist the school district in the
More informationPaint Valley Local School District
Paint Valley Local School District Financial Forecast Summary & Report October 2014 Kristin O Dell, CFO Paint Valley Local Schools Kristin.odell@pvlsd.org 1 Forecast Purpose This forecast is intended to
More informationFive Year Forecast Financial Report
Five Year Forecast Financial Report May, 2018 Terrah Floyd, Interim CFO 1 Table of Contents Table of Contents 2 Executive Summary 3 PAGE # Revenue Overview 4 1.010 General Property Tax (Real Estate) 5
More informationEnclosure C-1-c. May 9, 2016
Enclosure C-1-c May 9, 2016 WORTHINGTON CITY SCHOOL DISTRICT-FRANKLIN COUNTY SCHEDULE OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCES FOR THE FISCAL YEARS ENDED JUNE 30, 2013, 2014 and 2015 ACTUAL
More informationThe Notes To The Five Year Forecast Are An Integral Part Of This Presentation.
ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ESTIMATED ESTIMATED ESTIMATED ESTIMATED ESTIMATED 7/06-6/07 7/07-6/08 7/08-6/09 7/09-6/10 7/10-6/11 7/11-6/12 7/12-6/13 7/13-6/14 7/14-6/15 7/15-6/16 OPERATING REVENUES:
More informationROSEVILLE AREA SCHOOLS INDEPENDENT SCHOOL DISTRICT NO. 623 FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION YEAR ENDED JUNE 30, 2017
FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION YEAR ENDED JUNE 30, 2017 TABLE OF CONTENTS YEAR ENDED JUNE 30, 2017 INTRODUCTORY SECTION SCHOOL BOARD AND ADMINISTRATION 1 FINANCIAL SECTION INDEPENDENT
More informationMARYSVILLE EXEMPTED VILLAGE SCHOOL DISTRICT- UNION COUNTY SCHEDULE OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCES FOR THE FISCAL YEARS ENDED
MARYSVILLE EXEMPTED VILLAGE SCHOOL DISTRICT- UNION COUNTY SCHEDULE OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCES FOR THE FISCAL YEARS ENDED JUNE 30, 2014, 2015 and 2016 ACTUAL FORECASTED FISCAL
More informationCleveland Municipal School District
Cleveland Municipal School District Five Year Financial Forecast October 2015 1 Five Year Forecast -Contents Major Assumptions General Fund Revenues General Fund Expenditures Five Year Forecast Summary
More informationMOHAWK LOCAL SCHOOL DISTRICT Wyandot COUNTY, OHIO IRN #050740
MOHAWK LOCAL SCHOOL DISTRICT Wyandot COUNTY, OHIO IRN #050740 605 State Highway 231 Sycamore, Ohio 44882 FIVE YEAR FINANCIAL FORECAST FISCAL 2012-2016 Prepared by Treasurer, Roy B. Swartz, CPA October
More informationFINANCIAL SECTION INDEPENDENT AUDITORS REPORT
FINANCIAL SECTION INDEPENDENT AUDITORS REPORT Management s Responsibility for the Financial Statements Auditors Responsibility Opinions Other Matters Government Auditing Standards FINANCIAL SECTION MANAGEMENT
More informationFive Year Forecast Financial Report
RIVER VALLEY LOCAL SCHOOL DISTRICT MARION COUNTY Five Year Forecast Financial Report May, 2017 1 Table of Contents Table of Contents 2 Executive Summary 3 PAGE # Revenue Overview 4 1.010 General Property
More informationWHEELERSBURG LOCAL SCHOOL DISTRICT FINANCIAL REPORT: SUMMARY AND ANALYSIS OCTOBER 2018
WHEELERSBURG LOCAL SCHOOL DISTRICT FINANCIAL REPORT: SUMMARY AND ANALYSIS OCTOBER 2018 Appendix A GENERAL FUND OCTOBER 2018 OCTOBER 2017 OCTOBER 2016 Beginning Balance October 1 $2,344,929.75 $2,122,361.29
More informationFinancial Section. Independent Auditor s Opinion. Management s Discussion and Analysis. Government-Wide Financial Statements
Financial Section Independent Auditor s Opinion Management s Discussion and Analysis Government-Wide Financial Statements Governmental Fund Financial Statements Fiduciary Fund Financial Statements Notes
More informationWhat Treasurers Want Board Members to Know
What Treasurers Want Board Members to Know Matt Bunting CFO/Treasurer Athens CSD Mike Sobul CFO/Treasurer Granville EVSD Ernie Strawser CFO/Treasurer Norwood CSD OSBA Capital Conference November 12, 2012
More informationTECUMSEH LOCAL SCHOOL DISTRICT IRN # FIVE-YEAR FORECAST ASSUMPTIONS OCTOBER
TECUMSEH LOCAL SCHOOL DISTRICT IRN #046243 2018 FIVE-YEAR FORECAST ASSUMPTIONS OCTOBER As stated on the Ohio Department of Education Five-Year Forecast Webpage: The reader should remember that a forecast
More informationLoveland City Schools
Financial Report Five Year Forecast Update May, 2016 Public Finance Resources, 2015 1 Table of Contents Table of Contents 2 Executive Summary 3 PAGE # Revenue Overview 4 1.010 General Property Tax (Real
More informationFive Year Forecast Financial Report
Five Year Forecast Financial Report October, 2018 Kevin Hawley, CFO 1 Table of Contents Table of Contents 2 Forecast Summary 3 Revenue Sources and Forecast Year-Over-Year Overview 4 1.010 - General Property
More informationXENIA COMMUNITY CITY SCHOOL DISTRICT-GREENE COUNTY SCHEDULE OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCES FOR THE FISCAL YEARS ENDED JUNE
XENIA COMMUNITY CITY SCHOOL DISTRICT-GREENE COUNTY SCHEDULE OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCES FOR THE FISCAL YEARS ENDED JUNE 30, 2014, 2015 and 2016 ACTUAL FORECASTED FISCAL YEARS
More informationSummary of Significant Forecast Assumptions and Accounting Policies For the Fiscal Years Ending June 30, 2018 through 2022
ONTARIO LOCAL SCHOOL DISTRICT RICHLAND COUNTY 1 Summary of Significant Forecast Assumptions and Accounting Policies For the Fiscal Years Ending June 30, 2018 through 2022 Note 1 - Nature and Limitations
More informationWORTHINGTON CITY SCHOOL DISTRICT-FRANKLIN COUNTY SCHEDULE OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCES FOR THE FISCAL YEARS ENDED JUNE 30,
WORTHINGTON CITY SCHOOL DISTRICT-FRANKLIN COUNTY SCHEDULE OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCES FOR THE FISCAL YEARS ENDED JUNE 30, 2012, 2013 and 2014 ACTUAL FORECASTED FISCAL YEARS ENDING
More informationFive Year Plan Assumptions For Fiscal Years Ending June 30, 2016 Through 2020
Five Year Plan Assumptions For Fiscal Years Ending June 30, 2016 Through 2020 Non Controllable Forecast Variables: Forecast Variables: State Funding Student Enrollment Educational Needs of Students Property
More informationBIG WALNUT LOCAL SCHOOL DISTRICT- DELAWARE COUNTY SCHEDULE OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCES FOR THE FISCAL YEARS ENDED JUNE 30,
BIG WALNUT LOCAL SCHOOL DISTRICT- DELAWARE COUNTY SCHEDULE OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCES FOR THE FISCAL YEARS ENDED JUNE 30, 2015, 2016 and 2017 ACTUAL FORECASTED FISCAL YEARS
More informationTAB I. FY2015 Q2 Operating Management Report
FY2015 Q2 Operating Management Report Oregon State University s FY2015 Second Quarter (Q2) Operating Management Report presents the first six months of operating results for the three operating fund groups:
More informationFive Year Forecast Financial Report
Five Year Forecast Financial Report October, 2017 1 Table of Contents Table of Contents 2 Executive Summary 3 PAGE # Revenue Overview 4 1.010 - General Property Tax (Real Estate) 5 1.020 - Public Utility
More informationFIVE-YEAR FINANCIAL FORECAST NOTES AND ASSUMPTIONS. For the Fiscal Years Ending June 30, 2014 through 2018
FIVE-YEAR FINANCIAL FORECAST NOTES AND ASSUMPTIONS For the Fiscal Years Ending June 30, 2014 through 2018 October 19, 2013 The mission of the Dayton City Schools is to provide a high-quality education
More informationCAROL F. CORBETT, TREASURER
BASIC FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2009 CAROL F. CORBETT, TREASURER BASIC FINANCIAL STATEMENTS TABLE OF CONTENTS Independent Auditor s Report... 1 Management s Discussion and
More informationFinancial Report Review
BAC-1.1 Financial Report Review Board of Trustees Meeting February 20, 2018 Key Elements of Financial Statements & Footnotes MD&A (Management's Discussion & Analysis) Auditor's Opinion Statement of Net
More informationManagement Report. for. Independent School District No. 273 Edina, Minnesota June 30, 2014
Management Report for Independent School District No. 273 Edina, Minnesota June 30, 2014 THIS PAGE INTENTIONALLY LEFT BLANK To the School Board of Independent School District No. 273 Edina, Minnesota We
More informationFISCAL YEAR PROPOSED BUDGET
FISCAL YEAR 2011-2012 PROPOSED BUDGET To map the FY 2011-2012 budget to the Uniform Chart of Accounts to ensure alignment with the Basic Education Program. To use our community fiscal resources wisely
More informationManagement Report. for. Independent School District No. 624 White Bear Lake, Minnesota June 30, 2016
Management Report for Independent School District No. 624 White Bear Lake, Minnesota June 30, 2016 THIS PAGE INTENTIONALLY LEFT BLANK To the Board of Education and Management of Independent School District
More informationMiami Trace Local School District Fayette County Actual Forecasted Revenues Other Financing Sources Expenditures Other Financing Uses
Miami Trace Local School District Fayette County Schedule of Revenues, Expenditures and Changes in Fund Balances For the Fiscal Years Ended June 30, 2015, 2016 and 2017 Actual; Forecasted Fiscal Years
More informationFive Year Forecast Financial Report
Five Year Forecast Financial Report October, 2017 Greg Slemons, CPA Chief Financial Officer 1 Table of Contents PAGE # Table of Contents 2 Executive Summary 3 Revenue Overview 4 1.010 General Property
More informationCAROL CORBETT, TREASURER
BASIC FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2008 CAROL CORBETT, TREASURER BASIC FINANCIAL STATEMENTS TABLE OF CONTENTS Independent Auditor s Report... 1-2 Management s Discussion and
More informationMINGO COUNTY BOARD OF EDUCATION
Financial Statements June 30, 2016 TABLE OF CONTENTS Page School Board Officials 1 Independent Auditors' Report 2 Management s Discussion and Analysis 5 Basic Financial Statements: Statement of Net Position
More informationCOMPREHENSIVE ANNUAL FINANCIAL REPORT. Financial Section
COMPREHENSIVE ANNUAL FINANCIAL REPORT Financial Section 1 This page is intentionally left blank 2 Independent Auditor s Report The Board of Trustees of the Clark County School District Clark County, Nevada
More informationForecast Provided By Groveport-Madison School District Treasurer's Office John Walsh, Treasurer
Groveport-Madison City School District Franklin County SCHEDULE OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCES FOR THE FISCAL YEARS ENDED JUNE 30, 2014, 2015 and 2016 ACTUAL FORECASTED FISCAL YEARS
More informationCopley-Fairlawn City Schools, Summit County Five Year Forecast Assumptions October, 2011
Copley-Fairlawn City Schools, Summit County Five Year Forecast Assumptions October, 2011 The Copley-Fairlawn City School District has achieved Excellent status as measured and reported in the state issued
More informationMarietta City School District Assumptions for October year Forecast
Marietta City School District Assumptions for October 2018 5 year Forecast Marietta City School District is articulating to users of forecasts that assumptions are the basis of any forecast. An assumption
More informationSOUTH EASTERN SCHOOL DISTRICT FINANCIAL REPORT JUNE 30, 2014
FINANCIAL REPORT JUNE 30, 2014 CONTENTS INDEPENDENT AUDITOR S REPORT 1-3 Management s Discussion and Analysis 4-14 Basic Financial Statements: Government-wide Financial Statements: Statement of Net Position
More informationFive Year Forecast Financial Report
Five Year Forecast Financial Report October, 2017 1 Table of Contents Table of Contents 2 Executive Summary 3 PAGE # Revenue Overview 4 1.010 General Property Tax (Real Estate) 5 1.020 Public Utility Personal
More informationSummary of Significant Forecast Assumptions and Accounting Policies For the Fiscal Years Ending June 30, 2013 through 2017
ONTARIO LOCAL SCHOOL DISTRICT RICHLAND COUNTY 1 Summary of Significant Forecast Assumptions and Accounting Policies For the Fiscal Years Ending June 30, 2013 through 2017 Note 1 - Nature and Limitations
More informationBig Walnut Local School District
Big Walnut Local School District Monthly Financial Report for the month ended September 30, 2013 Prepared By: Felicia Drummey Treasurer BIG WALNUT LOCAL SCHOOL DISTRICT SUMMARY OF YEAR TO DATE FINANCIAL
More informationLong Range Financial Plan
Long Range Financial Plan 2018 Table of Contents SUMMARY... 2 BUDGETING PHILOSOPHY AND CURRENT BUDGET... 3 FORECASTING ASSUMPTIONS... 4 HISTORICAL & PROJECTED DATA... 5 Revenues... 5 Local Revenue... 5
More informationPiqua City School District 719 East Ash Street Piqua, Ohio ASSUMPTIONS TO THE FIVE-YEAR FORECAST May 2018
Piqua City School District 719 East Ash Street Piqua, Ohio 45356 ASSUMPTIONS TO THE FIVE-YEAR FORECAST May 2018 INTRODUCTION TO FIVE YEAR FORECAST All school districts in Ohio are required to file a five
More informationHUBER HEIGHTS CITY SCHOOL DISTRICT MONTGOMERY COUNTY SCHEDULE OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCES FOR THE FISCAL YEARS ENDED JUNE
HUBER HEIGHTS CITY SCHOOL DISTRICT MONTGOMERY COUNTY SCHEDULE OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCES FOR THE FISCAL YEARS ENDED JUNE 30, 2016, 2017 and 2018 ACTUAL FORECASTED FISCAL YEARS
More informationBOARD OF TRUSTEES MEETING August 22, 2016
BOARD OF TRUSTEES MEETING August 22, 2016 Board Budget Development Guidelines Guiding Principles: The following guiding principles are provided to the District Resources Allocation Council (DRAC) and the
More informationPaint Valley Local School District
Paint Valley Local School District Financial Forecast Summary & Report May 5, 2016 Kristin O Dell, Treasurer Paint Valley Local Schools (kristin.odell@pvlsd.org) 1 Forecast Purpose This forecast is intended
More informationMADISON METROPOLITAN SCHOOL DISTRICT Madison, Wisconsin. FINANCIAL STATEMENTS June 30, 2017
MADISON METROPOLITAN SCHOOL DISTRICT Madison, Wisconsin FINANCIAL STATEMENTS Madison, Wisconsin TABLE OF CONTENTS Page INDEPENDENT AUDITORS REPORT... 1 MANAGEMENT S DISCUSSION AND ANALYSIS... 4 BASIC FINANCIAL
More informationFive Year Forecast Financial Report
LOGO Springboro Community City Schools Five Year Forecast Financial Report May, 2017 Terrah Floyd, CFO 1 Table of Contents Table of Contents 2 Executive Summary 3 PAGE # Revenue Overview 4 1.010 General
More informationNorthwest Local School District (Hamilton County) 5-Year Forecast Assumptions May 27, 2011
Northwest Local School District (Hamilton County) 5-Year Forecast Assumptions May 27, 2011 Disclaimers The 5-year forecast for Northwest Local School District (Hamilton County) is derived from the last
More informationGreenwood County School District Number 52
Greenwood County School District Number 52 Report on Financial Statements For the year ended June 30, 2017 Board of Trustees Term of office Name From To Paul Cobb, Chairman July 1, 2016 June 30, 2019 Dayne
More informationWork Session/Regular Meeting September 25, 2018
Work Session/Regular Meeting September 25, 2018 Items to be Discussed Permanent Improvement Funds Capital Outlay Expenditures General Fund Capital Outlay Expenditures All Other Funds Purchased Services
More informationLANCASTER COUNTY SCHOOL DISTRICT
LANCASTER COUNTY SCHOOL DISTRICT LANCASTER, SOUTH CAROLINA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR FISCAL YEAR ENDED JUNE 30, 2016 ISSUED BY LANCASTER COUNTY SCHOOL DISTRICT GENE MOORE, ED.D. SUPERINTENDENT
More informationSCHEDULE OF CASH AND INVESTMENTS (CAIN) Page F General Fund Budget (PDE-2028) Printed 3/27/2007 8:58:28 AM
Printed 3/27/2007 8:58:28 AM SCHEDULE OF CASH AND INVESTMENTS (CAIN) Page F-1 06/30/2005 Estimate 06/30/2006 Projection CASH AND SHORT-TERM INVESTMENTS General Fund 2,800,000 1,700,000 Special Revenue
More informationBudget Status
Budget Status 2014-2015 March 17, 2014 Revenue By Source $145,297,379 Sales Tax $250,000 0% Other Revenue $2,349,554 2% PILOTS $545,505 0% Interest $60,000 0% Fund Balance $2,000,000 2% Rent $350,000 0%
More informationShaker Heights City Schools
Exhibit T-3 As Approved by Board of Education 5/10/2016 Insert Logo Shaker Heights City Schools Financial Report Five Year Forecast May, 2016 Public Finance Resources, 2015 1 Shaker Heights City Schools
More informationTioga Central Budget Goals
2016-2017 Tioga Central Budget Goals Build a fiscally sound budget that meets the needs of our students so they will be college and career ready Address the long-term fiscal health of the district, taking
More information