| Springfield Five Year Forecast for Fiscal Year 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| District Type: Local | |||||||||
| IRN: 048371 | |||||||||
| County: Mahoning | |||||||||
| Date Submitted: 10/19/2017 Date Processed: 10/19/2017 | |||||||||
| Actual | Forecasted | ||||||||
| Line | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
| 1.010 General Property (Real Estate) | 3,348,352 | 3,585,057 | 3,678,000 | 3,733,170 | 3,789,168 | 3,846,005 | 3,903,695 | 3,962,251 | |
| 1.030 Income Tax | 1,957,462 | 2,123,652 | 2,126,072 | 2,147,333 | 2,168,806 | 2,054,494 | |||
| 1.035 Unrestricted Grants-in-Aid | 4,596,109 | 4,570,880 | 4,515,840 | 4,542,025 | 4,542,025 | 4,542,025 | 4,542,025 | 4,542,025 | |
| 1.040 Restricted Grants-in-Aid | 57,564 | 51,018 | 43,904 | 43,186 | 43,186 | 43,186 | 43,186 | 43,186 | |
| 1.050 Property Tax Allocation | 451,481 | 453,105 | 454,036 | 453,500 | 453,500 | 453,500 | 453,500 | 453,500 | |
| 1.060 All Other Operating Revenue | 105,617 | 201,396 | 116,834 | 103,186 | 103,186 | 103,186 | 103,186 | 103,186 | |
| 1.070 Total Revenue | 10,516,585 | 10,985,108 | 10,934,686 | 11,022,400 | 11,099,871 | 11,042,396 | 9,045,592 | 9,104,148 | |
| 2.050 Advances-In | 103,455 | 183,736 | |||||||
| 2.060 All Other Financial Sources | 93,610 | 54,132 | 24,166 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
| 2.070 Total Other Financing Sources | 93,610 | 54,132 | 127,621 | 203,736 | 20,000 | 20,000 | 20,000 | 20,000 | |
| 2.080 Total Revenues and Other Financing Sources | 10,610,195 | 11,039,240 | 11,062,307 | 11,226,136 | 11,119,871 | 11,062,396 | 9,065,592 | 9,124,148 | |
| 3.010 Personnel Services | 5,499,503 | 5,630,637 | 5,806,838 | 6,111,770 | 6,319,405 | 6,467,519 | 6,619,514 | 6,794,024 | |
| 3.020 Employees' Retirement/Insurance Benefits | 1,977,721 | 2,224,806 | 2,441,946 | 2,693,430 | 2,738,227 | 2,837,187 | 2,940,080 | 3,049,998 | |
| 3.030 Purchased Services | 1,803,671 | 2,117,904 | 1,898,770 | 1,927,252 | 1,956,160 | 1,985,503 | 2,015,285 | 2,045,515 | |
| 3.040 Supplies and Materials | 331,800 | 360,601 | 418,429 | 400,000 | 400,000 | 400,000 | 400,000 | 400,000 | |
| 3.050 Capital Outlay | 13,828 | 51,404 | 10,793 | ||||||
| 4.300 Other Objects | 185,994 | 164,049 | 169,616 | 172,160 | 174,743 | 177,364 | 180,024 | 182,725 | |
| 4.500 Total Expenditures | 9,812,517 | 10,549,401 | 10,746,392 | 11,304,612 | 11,588,535 | 11,867,573 | 12,154,903 | 12,472,262 | |
| 5.010 Operational Transfers - Out | 95,000 | 70,000 | 85,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | |
| 5.020 Advances - Out | 103,455 | 183,736 | |||||||
| 5.040 Total Other Financing Uses | 95,000 | 173,455 | 268,736 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | |
| 5.050 Total Expenditure and Other Financing Uses | 9,907,517 | 10,722,856 | 11,015,128 | 11,379,612 | 11,663,535 | 11,942,573 | 12,229,903 | 12,547,262 | |
| 6.010 Excess Rev & Oth Financing Sources over(under) Exp & Oth Financing | 702,678 | 316,384 | 47,179 | (153,476) | (543,664) | (880,177) | (3,164,311) | (3,423,114) | |
| 7.010 Beginning Cash Balance | 1,757,437 | 2,460,115 | 2,776,499 | 2,823,678 | 2,670,202 | 2,126,538 | 1,246,361 | (1,917,950) | |
| 7.020 Ending Cash Balance | 2,460,115 | 2,776,499 | 2,823,678 | 2,670,202 | 2,126,538 | 1,246,361 | (1,917,950) | (5,341,064) | |
| 8.010 Outstanding Encumbrances | 36,857 | 31,723 | 45,828 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | |
| 10.010 Fund Balance June 30 for Certification of Appropriations | 2,423,258 | 2,744,776 | 2,777,850 | 2,625,202 | 2,081,538 | 1,201,361 | (1,962,950) | (5,386,064) | |
| 11.010 Income Tax - Renewal | 136,000 | 2,212,399 | 2,234,523 | ||||||
| 11.300 Cumulative Balance of Replacement/Renewal Levies | 136,000 | 2,348,399 | 4,582,922 | ||||||
| 12.010 Fund Bal June 30 for Cert of Contracts,Salary Sched,Oth Obligations | 2,423,258 | 2,744,776 | 2,777,850 | 2,625,202 | 2,081,538 | 1,337,361 | 385,449 | (803,142) | |
| 15.010 Unreserved Fund Balance June 30 | 2,423,258 | 2,744,776 | 2,777,850 | 2,625,202 | 2,081,538 | 1,337,361 | 385,449 | (803,142) | |
| Notes to the Five Year Forecast | |||||||||
| Please visit the Ohio Department of Education website at | |||||||||
| ftp://ftp.ode.state.oh.us/geodoc/5-yrForecast/ | |||||||||