PFR New User Weekly Webinar FY 2017

Transcription

1 PFR New User Weekly Webinar FY 2017

2 PFR Software and More School Finance Local Tax Collections Budget and Cash Flow Monitoring What-if Modeling Presentation Training and Support The seminar covers a lot of material. 2

3 How to Excel Navigation practice Use your neighbor (find experience) Follow-up webinars (weekly) Are the results worth it? 3

4 Navigation Basics Understanding worksheets ( Tabs ) How do I find? TOC Point and click - don t scroll around 4

5 Worksheet Tabs Always go back to the Table of Contents. 5

6 Navigating Tabs Not all are always visible. If you right mouse click here a popup window of all tabs will appear and you can highlight your choice. In addition to the right mouse if you click on the last tab visible then it will not only go to that tab the next sheet s tab will also come into view. And Finally>>>>> 6

7 Overview of the TOC Sections Hyperlinks (GO TO) 7

8 Navigating the (Tabs) Notes 8

9 Notes And How They Function Detail Note Basics Detail Note Express Notes 1,2 and 3 Visuals Detail Note Supported by Calculations (State Funding) 9

10 Detail Notes - Basics The prior s year total expenditures are carried forward as a starting point for next year s projection One time adjustments must be deducted in the subsequent year to avoid over-inflating projections 10

11 Detail Note - Express Modeling To apply a blanket year-over-year increase to the detailed note of a projection, simply input the desired increase/decrease in the annual percent change column There are three sections on the detailed note to make adjustments the outside of the annual percentage change modeled. Always keep an eye on the bottom line and year-over-year changes this is what goes to the forecast page. 11

12 Detail Notes Using Notes 1, 2 and 3 to Build Projections If you want to build more in depth projections for Non Salary expenditures and Other Revenue, start one Note 1 of the section rather than the detail note Notes 1 and 2 of each section have been pre populated with common expenditure/revenue categories for each projection Uses can change the name of the note and the note categories to meet the needs of the individual district 12

13 Using Notes 1, 2 and 3 to Build Projections The total year over year change for the note is carried to the detail note and listed by total increase by note. 13

14 Using Notes 1 and 2 as Visual Presentation Tools Once the categorical information for note 1 and note 2 are complete, visual tools are created at the bottom of each note for analytical and presentation purposes 14

15 Detail Notes with Calculations Property Taxes State Funding Property Tax Allocation 15

16 State Funding Calculations Graphs/Analytics Detail to 5 Year Page Cash Flow Note 1 Calcs Note 2 Calcs Note 3 Funded ADM History In the case of the state funding note there is a sequence to deriving the state funding amounts on the detail note. However, all notes follow this same basic format often with less structure. Note: The navigation gold bar at the left (for State Funding) other sections are listed in blue. 16

17 Analytics and Tracking Detail Explanation and Forecast Calculations and More 17

18 Is It Worth It? Yes Complete storage of district financial projection data in one file Finished reports and presentation tools Graphs and Analysis Projection Assistance Levy Modeling State Funding Trends 18

19 We re Here to Help Follow up Webinars Tutorials Six Consultants 200+ Districts Use PFR 19 th Year In Business 19

20 The Public Finance Resources Team Matt Bunting, Consultant, has over 30 years of experience in the public finance sector. This includes 20 plus years as a school district treasurer, and 11 years with the Auditor of State where he led financial, legal compliance, and Federal single audits of government entities. Matt has helped develop financial forecasting tools, and providing instruction and training opportunities attended and used by over two hundred of Ohio s public school treasurers. Matt works with clients to help determine a longterm operating strategy for the organization. He holds a Degree in Accounting from Hocking College, and is a Certified Government Financial Manager. Ryan Ghizzoni, Consultant, began his career with the Auditor of State s Office and has served as a school district treasurer for the past 10 years. During his career, he has been the recipient of six Association of School Business Officials International Meritorious Budget Awards and was the recipient of the Ohio Association of School Business Officials 2011 Outstanding Treasurer of the Year Award. Ryan holds a Bachelors of Business Administration from the Youngstown State University, and is a Certified Administrator of School Finance and Operations. Debra Hoelzle, Chief Operations Officer, provides direct services to clients, and oversees the day to day operations of PFR. She brings with her operational experience from both the public and private sectors, including a school district and multiple corporations in the financial services industry. Debra holds her Masters of Business Administration from Ohio University, and her Bachelors of Science in Business Administration from The Ohio State University. Stacy Overly, Consultant, provides direct financial services to clients. He has over 20 years of experience serving as school district treasurer, including 15 plus years of developing financial forecasting tools, and providing instruction and training opportunities attended and used by over two hundred of Ohio s public school treasurers. Stacy works with clients to analyze trends and review local economic data to help determine a long term operating strategy for the organization. He holds his Masters of Business Administration and his Bachelors of Business Administration in Finance from Ohio University. Mike Sobul, Consultant, brings 30 years of experience in public finance and tax analysis. Currently a school district treasurer, Mike spent nearly 25 years with the Ohio Department of Taxation where he led revenue forecasting efforts and provided analysis, training, and fiscal services to schools and local governments. Mike holds a Masters Degree in Public Policy from the University of Michigan and a Bachelors Degree in Economics and Political Science from Wittenberg University. Ernie Strawser, Consultant, provides direct services to our public finance clients. He has over 30 years of public finance experience as a CFO, consultant, and developer and instructor of financial forecasting techniques and tools which have been used by over two hundred Ohio school district CFOs. Ernie works with clients to facilitate their understanding of local financial results, trends, and strategies. He holds both a Masters of Science in Administration from Central Michigan University and a Bachelor of Science in Finance from Ohio University. PUBLIC FINANCE RESOURCES: EMPOWERING THE PUBLIC'S FINANCIAL LEADERS 20

21 PFR Contact Information Ernie Strawser Consultant Public Finance Resources, Inc. PO Box 1822 Columbus, OH Phone: Debra Hoelzle Chief Operating Officer Public Finance Resources, Inc. PO Box 1822 Columbus, OH Phone: PUBLIC FINANCE RESOURCES: EMPOWERING THE PUBLIC'S FINANCIAL LEADERS 21