Salem Five Year Forecast for Fiscal Year 2019

District Type: City
IRN: 044735
County: Columbiana
Date Submitted: 10/30/2018 Date Processed: 10/30/2018
 
Actual Forecasted
Line 2016 2017 2018 2019 2020 2021 2022 2023
1.010 General Property (Real Estate) 8,152,341 8,102,963 8,136,128 8,176,714 8,290,767 7,472,055 6,632,841 6,674,992
1.020 Tangible Personal Property Tax 654,270 719,108 856,213 953,317 984,734 933,397 867,888 880,317
1.030 Income Tax 3,560 839 759 750 750 750 750
1.035 Unrestricted Grants-in-Aid 8,108,448 8,726,901 8,932,594 9,151,238 9,565,502 9,934,882 10,349,815 10,753,759
1.040 Restricted Grants-in-Aid 627,353 631,151 474,852 469,510 457,205 463,775 459,594 469,305
1.050 Property Tax Allocation 2,088,004 1,828,027 1,630,150 1,402,715 1,315,951 1,148,732 978,281 963,078
1.060 All Other Operating Revenue 697,420 858,746 1,043,485 1,113,224 1,122,996 1,135,042 1,147,153 1,154,831
1.070 Total Revenue 20,327,836 20,870,456 21,074,261 21,267,477 21,737,905 21,088,633 20,436,322 20,897,032
2.040 Operating Transfers-In 37,000 2,000 12,000
2.050 Advances-In 20,000 20,000 20,000 20,000 20,000
2.060 All Other Financial Sources 8,085 31,599 907 2,000 2,000 2,000 2,000 2,000
2.070 Total Other Financing Sources 45,085 33,599 12,907 22,000 22,000 22,000 22,000 22,000
2.080 Total Revenues and Other Financing Sources 20,372,921 20,904,055 21,087,168 21,289,477 21,759,905 21,110,633 20,458,322 20,919,032
3.010 Personnel Services 9,503,608 9,887,640 10,396,811 10,657,391 10,879,761 11,105,957 11,381,360 11,663,593
3.020 Employees' Retirement/Insurance Benefits 3,954,649 3,961,205 4,371,018 4,290,450 5,621,198 6,064,677 6,556,798 7,094,786
3.030 Purchased Services 4,472,754 4,945,379 5,278,388 5,112,533 5,119,377 5,126,339 5,133,252 5,139,678
3.040 Supplies and Materials 550,913 573,600 597,528 528,772 533,838 538,936 545,625 552,433
3.050 Capital Outlay 484,055 113,556 110,000 110,000 110,000 110,000 110,000
4.010 Debt Service: All Principal (Historical) 120,540 145,000 145,000
4.050 Debt Service: Principal - HB 264 Loans 146,000 142,000 143,000 144,000 144,000
4.060 Debt Service: Interest and Fiscal Charges 7,938 13,357 12,992 8,460 7,385 6,235 6,499 6,499
4.300 Other Objects 395,888 357,345 337,522 355,128 356,800 358,496 360,216 361,251
4.500 Total Expenditures 19,006,290 20,367,581 21,252,815 21,208,734 22,770,359 23,453,640 24,237,750 25,072,240
5.010 Operational Transfers - Out 47,000 144,000 180,484 75,000 75,000 75,000 75,000
5.020 Advances - Out 20,000 20,000 20,000 20,000
5.030 All Other Financing Uses 16,000
5.040 Total Other Financing Uses 47,000 160,000 180,484 95,000 95,000 95,000 95,000
5.050 Total Expenditure and Other Financing Uses 19,053,290 20,527,581 21,433,299 21,303,734 22,865,359 23,548,640 24,332,750 25,072,240
6.010 Excess Rev & Oth Financing Sources over(under) Exp & Oth Financing 1,319,631 376,474 (346,131) (14,257) (1,105,454) (2,438,007) (3,874,428) (4,153,208)
7.010 Beginning Cash Balance 1,305,611 2,625,242 3,001,716 2,655,585 2,641,328 1,535,874 (902,133) (4,776,561)
7.020 Ending Cash Balance 2,625,242 3,001,716 2,655,585 2,641,328 1,535,874 (902,133) (4,776,561) (8,929,769)
8.010 Outstanding Encumbrances 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000
10.010 Fund Balance June 30 for Certification of Appropriations 2,600,242 2,976,716 2,630,585 2,616,328 1,510,874 (927,133) (4,801,561) (8,954,769)
11.020 Property Tax - Renewal or Replacement 1,098,014 2,214,696 2,233,369
11.300 Cumulative Balance of Replacement/Renewal Levies 1,098,014 3,312,710 5,546,079
12.010 Fund Bal June 30 for Cert of Contracts,Salary Sched,Oth Obligations 2,600,242 2,976,716 2,630,585 2,616,328 1,510,874 170,881 (1,488,851) (3,408,690)
15.010 Unreserved Fund Balance June 30 2,600,242 2,976,716 2,630,585 2,616,328 1,510,874 170,881 (1,488,851) (3,408,690)
 
 
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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