| Springfield Five Year Forecast for Fiscal Year 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| District Type: Local | |||||||||
| IRN: 048371 | |||||||||
| County: Mahoning | |||||||||
| Date Submitted: 5/18/2018 Date Processed: 5/19/2018 | |||||||||
| 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 | 3,800,893 | 3,918,057 | 3,976,828 | 4,036,480 | 4,097,027 | |
| 1.030 Income Tax | 1,957,462 | 2,123,652 | 2,126,072 | 2,162,732 | 2,195,173 | 2,054,494 | |||
| 1.035 Unrestricted Grants-in-Aid | 4,596,109 | 4,570,880 | 4,515,840 | 4,556,875 | 4,542,025 | 4,542,025 | 4,542,025 | 4,542,025 | |
| 1.040 Restricted Grants-in-Aid | 57,564 | 51,018 | 43,904 | 43,014 | 43,186 | 43,186 | 43,186 | 43,186 | |
| 1.050 Property Tax Allocation | 451,481 | 453,105 | 454,036 | 471,228 | 471,228 | 471,228 | 471,228 | 471,228 | |
| 1.060 All Other Operating Revenue | 105,617 | 201,396 | 116,834 | 181,422 | 150,000 | 150,000 | 150,000 | 150,000 | |
| 1.070 Total Revenue | 10,516,585 | 10,985,108 | 10,934,686 | 11,216,164 | 11,319,669 | 11,237,761 | 9,242,919 | 9,303,466 | |
| 2.050 Advances-In | 103,455 | 183,736 | |||||||
| 2.060 All Other Financial Sources | 93,610 | 54,132 | 24,166 | 15,834 | 20,000 | 20,000 | 20,000 | 20,000 | |
| 2.070 Total Other Financing Sources | 93,610 | 54,132 | 127,621 | 199,570 | 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 | 11,415,734 | 11,339,669 | 11,257,761 | 9,262,919 | 9,323,466 | |
| 3.010 Personnel Services | 5,499,503 | 5,630,637 | 5,806,838 | 6,100,000 | 6,345,673 | 6,494,152 | 6,646,519 | 6,821,407 | |
| 3.020 Employees' Retirement/Insurance Benefits | 1,977,721 | 2,224,806 | 2,441,946 | 2,585,000 | 2,702,155 | 2,801,166 | 2,904,111 | 3,014,082 | |
| 3.030 Purchased Services | 1,803,671 | 2,117,904 | 1,898,770 | 2,146,000 | 2,088,920 | 2,130,698 | 2,173,312 | 2,216,779 | |
| 3.040 Supplies and Materials | 331,800 | 360,601 | 418,429 | 380,000 | 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 | 236,000 | 240,720 | 245,534 | 250,445 | 255,454 | |
| 4.500 Total Expenditures | 9,812,517 | 10,549,401 | 10,746,392 | 11,447,000 | 11,777,468 | 12,071,550 | 12,374,387 | 12,707,722 | |
| 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 | 11,522,000 | 11,852,468 | 12,146,550 | 12,449,387 | 12,782,722 | |
| 6.010 Excess Rev & Oth Financing Sources over(under) Exp & Oth Financing | 702,678 | 316,384 | 47,179 | (106,266) | (512,799) | (888,789) | (3,186,468) | (3,459,256) | |
| 7.010 Beginning Cash Balance | 1,757,437 | 2,460,115 | 2,776,499 | 2,823,678 | 2,717,412 | 2,204,613 | 1,315,824 | (1,870,644) | |
| 7.020 Ending Cash Balance | 2,460,115 | 2,776,499 | 2,823,678 | 2,717,412 | 2,204,613 | 1,315,824 | (1,870,644) | (5,329,900) | |
| 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 | 2,672,412 | 2,159,613 | 1,270,824 | (1,915,644) | (5,374,900) | |
| 11.010 Income Tax - Renewal | 173,607 | 2,261,522 | 2,295,445 | ||||||
| 11.300 Cumulative Balance of Replacement/Renewal Levies | 173,607 | 2,435,129 | 4,730,574 | ||||||
| 12.010 Fund Bal June 30 for Cert of Contracts,Salary Sched,Oth Obligations | 2,423,258 | 2,744,776 | 2,777,850 | 2,672,412 | 2,159,613 | 1,444,431 | 519,485 | (644,326) | |
| 15.010 Unreserved Fund Balance June 30 | 2,423,258 | 2,744,776 | 2,777,850 | 2,672,412 | 2,159,613 | 1,444,431 | 519,485 | (644,326) | |
| Notes to the Five Year Forecast | |||||||||
| Please visit the Ohio Department of Education website at | |||||||||
| ftp://ftp.ode.state.oh.us/geodoc/5-yrForecast/ | |||||||||