Western Reserve Five Year Forecast for Fiscal Year 2019

District Type: Local
IRN: 047746
County: Huron
Date Submitted: 5/31/2019 Date Processed: 6/1/2019
 
Actual Forecasted
Line 2016 2017 2018 2019 2020 2021 2022 2023
1.010 General Property (Real Estate) 2,370,881 2,398,244 2,442,657 2,450,000 2,480,625 2,511,633 2,543,028 2,574,816
1.020 Tangible Personal Property Tax 134,407 144,817 155,926 163,225 171,386 179,956 188,953 198,401
1.030 Income Tax 1,917,932 1,996,249 2,070,975 2,220,000 2,297,700 2,378,120 2,461,354 2,547,501
1.035 Unrestricted Grants-in-Aid 6,418,978 6,623,144 6,523,345 6,555,000 6,607,440 6,660,300 6,713,582 6,767,291
1.040 Restricted Grants-in-Aid 107,972 102,748 145,118 145,000 145,000 145,000 145,000 145,000
1.050 Property Tax Allocation 355,066 364,365 363,272 364,000 367,640 371,316 375,030 378,780
1.060 All Other Operating Revenue 1,053,902 1,091,887 1,081,884 1,172,000 1,189,580 1,207,424 1,225,535 1,243,918
1.070 Total Revenue 12,359,138 12,721,454 12,783,177 13,069,225 13,259,371 13,453,749 13,652,482 13,855,707
2.040 Operating Transfers-In 4,600
2.050 Advances-In 21,552
2.060 All Other Financial Sources 11,423 172,576 120,972 209,500 212,643 215,832 219,070 222,356
2.070 Total Other Financing Sources 16,023 172,576 142,524 209,500 212,643 215,832 219,070 222,356
2.080 Total Revenues and Other Financing Sources 12,375,161 12,894,030 12,925,701 13,278,725 13,472,014 13,669,581 13,871,552 14,078,063
3.010 Personnel Services 5,998,138 6,091,402 6,242,601 6,197,972 6,181,737 6,358,798 6,470,077 6,583,303
3.020 Employees' Retirement/Insurance Benefits 2,677,734 2,903,556 2,948,655 3,049,788 3,099,368 3,238,125 3,351,460 3,468,761
3.030 Purchased Services 2,805,984 3,336,216 2,669,408 2,708,178 2,665,260 2,691,913 2,718,832 2,746,020
3.040 Supplies and Materials 440,331 382,371 305,112 336,156 344,560 349,729 354,974 360,299
3.050 Capital Outlay 186,135 328,961 129,107 136,100 144,947 154,368 164,402 175,088
4.300 Other Objects 526,922 350,869 637,435 586,500 601,163 610,180 619,333 628,623
4.500 Total Expenditures 12,635,244 13,393,375 12,932,318 13,014,694 13,037,035 13,403,113 13,679,078 13,962,094
5.010 Operational Transfers - Out 4,600
5.020 Advances - Out 21,552 2,372
5.040 Total Other Financing Uses 4,600 21,552 2,372
5.050 Total Expenditure and Other Financing Uses 12,639,844 13,414,927 12,934,690 13,014,694 13,037,035 13,403,113 13,679,078 13,962,094
6.010 Excess Rev & Oth Financing Sources over(under) Exp & Oth Financing (264,683) (520,897) (8,989) 264,031 434,979 266,468 192,474 115,969
7.010 Beginning Cash Balance 1,287,521 1,022,838 501,941 492,952 756,983 1,191,962 1,458,430 1,650,904
7.020 Ending Cash Balance 1,022,838 501,941 492,952 756,983 1,191,962 1,458,430 1,650,904 1,766,873
9.030 Budget Reserve 400,000 400,000 400,000 425,000 452,625 482,046 513,379 546,748
9.080 Total Reservations 400,000 400,000 400,000 425,000 452,625 482,046 513,379 546,748
10.010 Fund Balance June 30 for Certification of Appropriations 622,838 101,941 92,952 331,983 739,337 976,384 1,137,525 1,220,125
12.010 Fund Bal June 30 for Cert of Contracts,Salary Sched,Oth Obligations 622,838 101,941 92,952 331,983 739,337 976,384 1,137,525 1,220,125
15.010 Unreserved Fund Balance June 30 622,838 101,941 92,952 331,983 739,337 976,384 1,137,525 1,220,125
 
 
Notes to the Five Year Forecast
 
 
Please visit the Ohio Department of Education website at
ftp://ftp.ode.state.oh.us/geodoc/5-yrForecast/

___________________________________