Willoughby-Eastlake Five Year Forecast for Fiscal Year 2019

District Type: City
IRN: 045104
County: Lake
Date Submitted: 5/21/2019 Date Processed: 5/21/2019
 
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 58,757,530 50,182,880 45,291,540 46,336,550 41,854,810
1.020 Tangible Personal Property Tax 3,873,579 5,311,678 5,248,770 5,789,970 5,894,770 5,173,120 4,925,490 4,377,610
1.035 Unrestricted Grants-in-Aid 16,687,575 17,845,077 18,619,794 18,865,040 19,619,640 20,404,430 21,221,260 22,069,630
1.040 Restricted Grants-in-Aid 457,134 448,217 492,635 505,790 538,400 546,460 531,910 538,710
1.050 Property Tax Allocation 10,373,974 9,311,667 9,177,273 8,778,200 7,477,880 6,504,790 6,443,560 5,751,390
1.060 All Other Operating Revenue 3,316,651 5,607,014 3,297,344 3,212,690 3,189,890 3,354,110 3,386,580 3,419,620
1.070 Total Revenue 94,214,324 97,135,431 96,842,639 95,909,220 86,903,460 81,274,450 82,845,350 78,011,770
2.040 Operating Transfers-In 1,376,907 754,133 4,333 4,430 5,000 5,000 5,000 5,000
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 39,220 50,000 50,000 50,000 50,000
2.070 Total Other Financing Sources 3,167,611 2,092,929 2,806,578 2,143,650 2,155,000 2,155,000 2,155,000 2,155,000
2.080 Total Revenues and Other Financing Sources 97,381,935 99,228,360 99,649,217 98,052,870 89,058,460 83,429,450 85,000,350 80,166,770
3.010 Personnel Services 49,029,237 51,201,765 53,926,811 56,966,190 59,795,370 62,187,180 64,674,670 67,261,660
3.020 Employees' Retirement/Insurance Benefits 15,980,830 15,967,651 15,158,603 16,042,200 16,996,220 18,330,600 19,783,650 21,367,070
3.030 Purchased Services 20,290,642 18,868,120 19,328,632 19,637,320 19,427,650 19,816,200 20,212,520 20,616,770
3.040 Supplies and Materials 2,893,580 2,610,513 2,879,735 2,635,980 2,690,600 2,744,410 2,799,300 2,855,290
3.050 Capital Outlay 2,060,124 2,237,987 1,065,777 522,080 250,000 250,000 250,000 250,000
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 325,104 302,379 227,999 564,240 639,460 613,240 585,540 556,270
4.300 Other Objects 1,977,702 1,630,330 1,433,767 1,562,470 1,628,090 1,643,870 1,659,810 1,675,910
4.500 Total Expenditures 92,732,219 93,021,145 94,356,298 98,960,820 102,492,730 106,673,080 110,992,550 115,636,750
5.010 Operational Transfers - Out 2,652,764 2,154,133 3,755,879 1,408,590 900,000 900,000 650,000 400,000
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 3,258,690 2,400,100 2,400,100 2,150,100 1,900,100
5.050 Total Expenditure and Other Financing Uses 96,920,343 97,449,668 99,116,627 102,219,510 104,892,830 109,073,180 113,142,650 117,536,850
6.010 Excess Rev & Oth Financing Sources over(under) Exp & Oth Financing 461,592 1,778,691 532,589 (4,166,640) (15,834,370) (25,643,730) (28,142,300) (37,370,080)
7.010 Beginning Cash Balance 14,836,637 15,298,229 17,076,921 17,609,510 13,442,870 (2,391,500) (28,035,230) (56,177,530)
7.020 Ending Cash Balance 15,298,229 17,076,921 17,609,510 13,442,870 (2,391,500) (28,035,230) (56,177,530) (93,547,610)
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 11,342,870 (4,491,500) (30,135,230) (58,277,530) (95,647,610)
11.020 Property Tax - Renewal or Replacement 13,899,990 16,938,450 17,061,180 23,723,550
11.300 Cumulative Balance of Replacement/Renewal Levies 13,899,990 30,838,440 47,899,620 71,623,170
12.010 Fund Bal June 30 for Cert of Contracts,Salary Sched,Oth Obligations 13,408,650 14,949,224 15,925,043 11,342,870 9,408,490 703,210 (10,377,910) (24,024,440)
13.020 Property Tax - New 4,145,410 8,314,050 8,496,120 8,680,170
13.030 Cumulative Balance of New Levies 4,145,410 12,459,460 20,955,580 29,635,750
15.010 Unreserved Fund Balance June 30 13,408,650 14,949,224 15,925,043 11,342,870 13,553,900 13,162,670 10,577,670 5,611,310
 
 
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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