Willoughby-Eastlake Five Year Forecast for Fiscal Year 2019

District Type: City
IRN: 045104
County: Lake
Date Submitted: 10/18/2018 Date Processed: 10/18/2018
 
Actual Forecasted
Line 2016 2017 2018 2019 2020 2021 2022 2023
1.010 General Property (Real Estate) 59,505,412 58,611,779 60,006,823 60,123,280 48,247,350 43,127,790 43,459,210 38,187,460
1.020 Tangible Personal Property Tax 3,873,579 5,311,678 5,248,770 4,421,630 3,991,310 3,347,260 2,947,020 2,267,250
1.035 Unrestricted Grants-in-Aid 16,687,575 17,845,077 18,619,794 19,293,300 19,830,160 20,337,540 20,895,960 21,443,110
1.040 Restricted Grants-in-Aid 457,134 448,217 492,635 548,690 538,400 546,460 531,910 538,710
1.050 Property Tax Allocation 10,373,974 9,311,667 9,177,273 8,158,080 6,870,840 5,996,610 5,889,660 5,068,880
1.060 All Other Operating Revenue 3,316,651 5,607,014 3,297,344 2,926,310 2,863,870 2,878,110 2,892,460 2,906,920
1.070 Total Revenue 94,214,324 97,135,431 96,842,639 95,471,290 82,341,930 76,233,770 76,616,220 70,412,330
2.040 Operating Transfers-In 1,376,907 754,133 4,333
2.050 Advances-In 1,193,340 1,019,530 2,634,780 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000
2.060 All Other Financial Sources 597,364 319,266 167,465 50,000 50,000 50,000 50,000 50,000
2.070 Total Other Financing Sources 3,167,611 2,092,929 2,806,578 2,150,000 2,150,000 2,150,000 2,150,000 2,150,000
2.080 Total Revenues and Other Financing Sources 97,381,935 99,228,360 99,649,217 97,621,290 84,491,930 78,383,770 78,766,220 72,562,330
3.010 Personnel Services 49,029,237 51,201,765 53,926,811 56,658,380 58,815,110 59,526,770 60,104,660 60,619,770
3.020 Employees' Retirement/Insurance Benefits 15,980,830 15,967,651 15,158,603 16,425,840 16,241,650 17,045,880 17,900,800 18,827,110
3.030 Purchased Services 20,290,642 18,868,120 19,328,632 20,356,180 20,066,280 20,467,630 20,879,440 21,302,060
3.040 Supplies and Materials 2,893,580 2,610,513 2,879,735 3,295,910 3,047,250 3,084,050 3,121,520 3,159,660
3.050 Capital Outlay 2,060,124 2,237,987 1,065,777 336,760 250,000 250,000 250,000 250,000
4.010 Debt Service: All Principal (Historical) 175,000 202,400 334,974
4.050 Debt Service: Principal - HB 264 Loans 540,000 555,000 565,000 575,000 585,000
4.055 Debt Service: Principal - Other 490,340 510,340 522,580 452,060 468,780
4.060 Debt Service: Interest and Fiscal Charges 325,104 302,379 227,999 564,230 639,460 613,240 585,540 556,270
4.300 Other Objects 1,977,702 1,630,330 1,433,767 2,013,460 2,032,210 2,033,030 2,064,010 2,065,150
4.500 Total Expenditures 92,732,219 93,021,145 94,356,298 100,681,100 102,157,300 104,108,180 105,933,030 107,833,800
5.010 Operational Transfers - Out 2,652,764 2,154,133 3,755,879 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000
5.020 Advances - Out 1,535,360 2,274,390 982,050 1,850,000 1,500,000 1,500,000 1,500,000 1,500,000
5.030 All Other Financing Uses 22,400 100 100 100 100 100
5.040 Total Other Financing Uses 4,188,124 4,428,523 4,760,329 3,250,100 2,900,100 2,900,100 2,900,100 2,900,100
5.050 Total Expenditure and Other Financing Uses 96,920,343 97,449,668 99,116,627 103,931,200 105,057,400 107,008,280 108,833,130 110,733,900
6.010 Excess Rev & Oth Financing Sources over(under) Exp & Oth Financing 461,592 1,778,691 532,589 (6,309,910) (20,565,470) (28,624,510) (30,066,910) (38,171,570)
7.010 Beginning Cash Balance 14,836,637 15,298,229 17,076,921 17,609,510 11,299,600 (9,265,870) (37,890,380) (67,957,290)
7.020 Ending Cash Balance 15,298,229 17,076,921 17,609,510 11,299,600 (9,265,870) (37,890,380) (67,957,290) (106,128,860)
8.010 Outstanding Encumbrances 1,889,579 2,127,697 1,684,467 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000
10.010 Fund Balance June 30 for Certification of Appropriations 13,408,650 14,949,224 15,925,043 9,199,600 (11,365,870) (39,990,380) (70,057,290) (108,228,860)
11.020 Property Tax - Renewal or Replacement 3,638,340 13,890,900 20,564,220 20,681,860 27,329,500
11.300 Cumulative Balance of Replacement/Renewal Levies 3,638,340 17,529,240 38,093,460 58,775,320 86,104,820
12.010 Fund Bal June 30 for Cert of Contracts,Salary Sched,Oth Obligations 13,408,650 14,949,224 15,925,043 12,837,940 6,163,370 (1,896,920) (11,281,970) (22,124,040)
15.010 Unreserved Fund Balance June 30 13,408,650 14,949,224 15,925,043 12,837,940 6,163,370 (1,896,920) (11,281,970) (22,124,040)
 
 
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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