Elyria Five Year Forecast for Fiscal Year 2018

District Type: City
IRN: 043943
County: Lorain
Date Submitted: 10/26/2017 Date Processed: 10/26/2017
 
Actual Forecasted
Line 2015 2016 2017 2018 2019 2020 2021 2022
1.010 General Property (Real Estate) 27,517,861 28,351,569 29,054,966 28,019,579 27,221,405 26,301,503 26,418,376 26,708,664
1.020 Tangible Personal Property Tax 1,922,642 2,081,016 2,279,360 2,448,491 2,420,810 2,391,953 2,469,564 2,539,559
1.035 Unrestricted Grants-in-Aid 36,340,777 36,689,033 36,310,219 37,203,162 36,828,347 36,881,254 36,931,123 36,982,512
1.040 Restricted Grants-in-Aid 3,517,106 2,672,141 3,120,347 3,271,218 3,213,635 3,153,550 3,096,899 3,038,531
1.050 Property Tax Allocation 6,705,976 5,918,971 5,430,000 4,545,159 4,091,280 3,869,948 3,739,921 3,654,470
1.060 All Other Operating Revenue 2,971,888 3,216,210 3,360,680 3,707,963 3,435,347 3,395,496 3,358,280 3,323,454
1.070 Total Revenue 78,976,250 78,928,940 79,555,573 79,195,572 77,210,823 75,993,704 76,014,164 76,247,190
2.040 Operating Transfers-In 1,250
2.050 Advances-In 362,122 247,218 1,309,326 1,454,378 225,000 225,000 225,000 225,000
2.060 All Other Financial Sources 253,903 1,238,782 234,317 5,922
2.070 Total Other Financing Sources 617,275 1,486,000 1,543,643 1,460,300 225,000 225,000 225,000 225,000
2.080 Total Revenues and Other Financing Sources 79,593,525 80,414,940 81,099,217 80,655,872 77,435,823 76,218,704 76,239,164 76,472,190
3.010 Personnel Services 34,840,706 34,686,976 35,987,959 37,217,484 38,566,541 39,959,717 41,347,196 42,315,397
3.020 Employees' Retirement/Insurance Benefits 11,298,049 12,099,912 12,168,247 13,685,029 14,781,852 15,988,707 17,308,695 18,446,689
3.030 Purchased Services 20,494,750 20,558,524 21,259,563 22,168,445 22,397,488 22,914,381 23,396,444 23,908,389
3.040 Supplies and Materials 1,864,626 2,194,557 2,219,721 2,272,783 1,771,797 1,822,386 1,874,603 1,928,500
3.050 Capital Outlay 691,714 1,125,939 215,150 250,000 250,000 250,000 250,001 250,001
4.010 Debt Service: All Principal (Historical) 513,903 531,831 518,903
4.050 Debt Service: Principal - HB 264 Loans 489,940 510,184 268,300
4.055 Debt Service: Principal - Other 85,000 90,000 95,000 95,000 95,000
4.060 Debt Service: Interest and Fiscal Charges 118,042 98,569 114,954 55,385 33,502 13,000 6,500
4.300 Other Objects 842,400 887,902 929,411 981,989 999,629 1,017,622 1,035,974 1,054,694
4.500 Total Expenditures 70,664,190 72,184,210 73,413,909 77,206,056 79,400,994 82,329,113 85,314,414 87,998,670
5.010 Operational Transfers - Out 1,904,294 747,550 3,025,000 2,675,000 425,000 425,000 425,000 425,000
5.020 Advances - Out 247,218 1,309,326 1,454,378 225,000 225,000 225,000 225,000 225,000
5.030 All Other Financing Uses 1,394 28,540
5.040 Total Other Financing Uses 2,151,512 2,058,270 4,507,918 2,900,000 650,000 650,000 650,000 650,000
5.050 Total Expenditure and Other Financing Uses 72,815,702 74,242,480 77,921,827 80,106,056 80,050,994 82,979,113 85,964,414 88,648,670
6.010 Excess Rev & Oth Financing Sources over(under) Exp & Oth Financing 6,777,823 6,172,460 3,177,390 549,816 (2,615,171) (6,760,409) (9,725,250) (12,176,480)
7.010 Beginning Cash Balance 10,723,266 17,501,089 23,673,549 26,850,939 27,400,755 24,785,584 18,025,175 8,299,925
7.020 Ending Cash Balance 17,501,089 23,673,549 26,850,939 27,400,755 24,785,584 18,025,175 8,299,925 (3,876,555)
10.010 Fund Balance June 30 for Certification of Appropriations 17,501,089 23,673,549 26,850,939 27,400,755 24,785,584 18,025,175 8,299,925 (3,876,555)
11.020 Property Tax - Renewal or Replacement 1,317,343 2,639,776 2,650,014 2,488,199
11.300 Cumulative Balance of Replacement/Renewal Levies 1,317,343 3,957,119 6,607,133 9,095,332
12.010 Fund Bal June 30 for Cert of Contracts,Salary Sched,Oth Obligations 17,501,089 23,673,549 26,850,939 27,400,755 26,102,927 21,982,294 14,907,058 5,218,777
15.010 Unreserved Fund Balance June 30 17,501,089 23,673,549 26,850,939 27,400,755 26,102,927 21,982,294 14,907,058 5,218,777
 
 
Notes to the Five Year Forecast
 
 
Please visit the Ohio Department of Education website at
ftp://ftp.ode.state.oh.us/geodoc/5-yrForecast/

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