Salem Five Year Forecast for Fiscal Year 2018

District Type: City
IRN: 044735
County: Columbiana
Date Submitted: 10/23/2017 Date Processed: 10/23/2017
 
Actual Forecasted
Line 2015 2016 2017 2018 2019 2020 2021 2022
1.010 General Property (Real Estate) 7,964,004 8,152,341 8,102,963 8,091,696 8,168,135 7,357,593 5,956,710 5,454,017
1.020 Tangible Personal Property Tax 598,654 654,270 719,108 720,962 744,770 760,836 722,219 729,211
1.030 Income Tax 3,896 3,560 839
1.035 Unrestricted Grants-in-Aid 7,602,123 8,108,448 8,726,901 8,849,935 8,850,708 8,992,730 9,125,071 9,257,223
1.040 Restricted Grants-in-Aid 301,654 627,353 631,151 501,484 481,268 448,786 443,037 437,939
1.050 Property Tax Allocation 2,331,300 2,088,004 1,828,027 1,573,007 1,342,288 1,137,429 866,845 781,486
1.060 All Other Operating Revenue 686,818 697,420 858,746 917,675 922,857 928,073 933,358 938,699
1.070 Total Revenue 19,488,449 20,327,836 20,870,456 20,655,598 20,510,026 19,625,447 18,047,240 17,598,575
2.040 Operating Transfers-In 75,000 37,000 2,000
2.050 Advances-In 20,000 20,000 20,000 20,000 20,000
2.060 All Other Financial Sources 2,719 8,085 31,599 2,000 2,000 2,000 2,000 2,000
2.070 Total Other Financing Sources 77,719 45,085 33,599 22,000 22,000 22,000 22,000 22,000
2.080 Total Revenues and Other Financing Sources 19,566,168 20,372,921 20,904,055 20,677,598 20,532,026 19,647,447 18,069,240 17,620,575
3.010 Personnel Services 9,484,379 9,503,608 9,887,640 9,861,023 10,015,524 10,242,133 10,500,835 10,716,173
3.020 Employees' Retirement/Insurance Benefits 3,880,127 3,954,649 3,961,205 4,510,166 5,359,855 5,675,605 6,017,474 6,374,847
3.030 Purchased Services 4,360,225 4,472,754 4,945,379 4,500,692 4,388,227 4,411,815 4,440,642 4,465,055
3.040 Supplies and Materials 540,959 550,913 573,600 562,445 569,393 576,490 583,720 590,409
3.050 Capital Outlay 484,055 80,000 80,000 80,000 80,000 80,000
4.010 Debt Service: All Principal (Historical) 128,990 120,540 145,000
4.050 Debt Service: Principal - HB 264 Loans 145,000 146,000 142,000 143,000 144,000
4.060 Debt Service: Interest and Fiscal Charges 25,322 7,938 13,357 9,496 8,460 7,385 6,235 6,499
4.300 Other Objects 408,932 395,888 357,345 384,747 391,488 398,371 405,992 413,768
4.500 Total Expenditures 18,828,934 19,006,290 20,367,581 20,053,569 20,958,947 21,533,799 22,177,898 22,790,751
5.010 Operational Transfers - Out 250,000 47,000 144,000 75,000 75,000 75,000 75,000 75,000
5.020 Advances - Out 20,000 20,000 20,000 20,000 20,000
5.030 All Other Financing Uses 16,000
5.040 Total Other Financing Uses 250,000 47,000 160,000 95,000 95,000 95,000 95,000 95,000
5.050 Total Expenditure and Other Financing Uses 19,078,934 19,053,290 20,527,581 20,148,569 21,053,947 21,628,799 22,272,898 22,885,751
6.010 Excess Rev & Oth Financing Sources over(under) Exp & Oth Financing 487,234 1,319,631 376,474 529,029 (521,921) (1,981,352) (4,203,658) (5,265,176)
7.010 Beginning Cash Balance 818,377 1,305,611 2,625,242 3,001,716 3,530,745 3,008,824 1,027,472 (3,176,186)
7.020 Ending Cash Balance 1,305,611 2,625,242 3,001,716 3,530,745 3,008,824 1,027,472 (3,176,186) (8,441,362)
8.010 Outstanding Encumbrances 19,396 25,000 25,000 25,000 25,000 25,000 25,000 25,000
10.010 Fund Balance June 30 for Certification of Appropriations 1,286,215 2,600,242 2,976,716 3,505,745 2,983,824 1,002,472 (3,201,186) (8,466,362)
11.020 Property Tax - Renewal or Replacement 1,087,217 2,173,444 2,171,489
11.300 Cumulative Balance of Replacement/Renewal Levies 1,087,217 3,260,661 5,432,150
12.010 Fund Bal June 30 for Cert of Contracts,Salary Sched,Oth Obligations 1,286,215 2,600,242 2,976,716 3,505,745 2,983,824 2,089,689 59,475 (3,034,212)
15.010 Unreserved Fund Balance June 30 1,286,215 2,600,242 2,976,716 3,505,745 2,983,824 2,089,689 59,475 (3,034,212)
 
 
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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