| Springfield Five Year Forecast for Fiscal Year 2019 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| District Type: Local | |||||||||
| IRN: 048371 | |||||||||
| County: Mahoning | |||||||||
| Date Submitted: 10/12/2018 Date Processed: 10/13/2018 | |||||||||
| Actual | Forecasted | ||||||||
| Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| 1.010 General Property (Real Estate) | 3,585,057 | 3,678,000 | 3,800,893 | 3,875,470 | 3,932,587 | 3,991,576 | 4,051,449 | 4,112,221 | |
| 1.030 Income Tax | 2,123,652 | 2,126,072 | 2,162,732 | 2,195,173 | 2,054,494 | ||||
| 1.035 Unrestricted Grants-in-Aid | 4,570,880 | 4,515,840 | 4,555,727 | 4,526,802 | 4,526,802 | 4,526,802 | 4,526,802 | 4,526,802 | |
| 1.040 Restricted Grants-in-Aid | 51,018 | 43,904 | 44,851 | 44,662 | 44,662 | 44,662 | 44,662 | 44,662 | |
| 1.050 Property Tax Allocation | 453,105 | 454,036 | 471,228 | 471,228 | 471,228 | 471,228 | 471,228 | 471,228 | |
| 1.060 All Other Operating Revenue | 201,396 | 116,834 | 206,720 | 214,500 | 200,000 | 200,000 | 200,000 | 200,000 | |
| 1.070 Total Revenue | 10,985,108 | 10,934,686 | 11,242,151 | 11,327,835 | 11,229,773 | 9,234,268 | 9,294,141 | 9,354,913 | |
| 2.050 Advances-In | 103,455 | 183,736 | 2,043 | ||||||
| 2.060 All Other Financial Sources | 54,132 | 24,166 | 23,798 | 33,579 | 25,000 | 25,000 | 25,000 | 25,000 | |
| 2.070 Total Other Financing Sources | 54,132 | 127,621 | 207,534 | 35,622 | 25,000 | 25,000 | 25,000 | 25,000 | |
| 2.080 Total Revenues and Other Financing Sources | 11,039,240 | 11,062,307 | 11,449,685 | 11,363,457 | 11,254,773 | 9,259,268 | 9,319,141 | 9,379,913 | |
| 3.010 Personnel Services | 5,630,637 | 5,806,838 | 6,038,131 | 6,118,111 | 6,303,113 | 6,524,386 | 6,733,979 | 6,880,676 | |
| 3.020 Employees' Retirement/Insurance Benefits | 2,224,806 | 2,441,946 | 2,570,944 | 2,631,764 | 2,666,597 | 2,775,067 | 2,885,610 | 2,991,008 | |
| 3.030 Purchased Services | 2,117,904 | 1,898,770 | 2,138,727 | 1,933,727 | 1,982,070 | 2,031,622 | 2,082,412 | 2,134,473 | |
| 3.040 Supplies and Materials | 360,601 | 418,429 | 378,900 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | |
| 3.050 Capital Outlay | 51,404 | 10,793 | 209 | ||||||
| 4.300 Other Objects | 164,049 | 169,616 | 224,037 | 229,638 | 235,379 | 241,263 | 247,295 | 253,477 | |
| 4.500 Total Expenditures | 10,549,401 | 10,746,392 | 11,350,948 | 11,293,240 | 11,567,159 | 11,952,338 | 12,329,296 | 12,639,634 | |
| 5.010 Operational Transfers - Out | 70,000 | 85,000 | 42,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | |
| 5.020 Advances - Out | 103,455 | 183,736 | 2,043 | ||||||
| 5.040 Total Other Financing Uses | 173,455 | 268,736 | 44,043 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | |
| 5.050 Total Expenditure and Other Financing Uses | 10,722,856 | 11,015,128 | 11,394,991 | 11,343,240 | 11,617,159 | 12,002,338 | 12,379,296 | 12,689,634 | |
| 6.010 Excess Rev & Oth Financing Sources over(under) Exp & Oth Financing | 316,384 | 47,179 | 54,694 | 20,217 | (362,386) | (2,743,070) | (3,060,155) | (3,309,721) | |
| 7.010 Beginning Cash Balance | 2,460,115 | 2,776,499 | 2,823,678 | 2,878,372 | 2,898,589 | 2,536,203 | (206,867) | (3,267,022) | |
| 7.020 Ending Cash Balance | 2,776,499 | 2,823,678 | 2,878,372 | 2,898,589 | 2,536,203 | (206,867) | (3,267,022) | (6,576,743) | |
| 8.010 Outstanding Encumbrances | 31,723 | 45,828 | 151,442 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | |
| 10.010 Fund Balance June 30 for Certification of Appropriations | 2,744,776 | 2,777,850 | 2,726,930 | 2,848,589 | 2,486,203 | (256,867) | (3,317,022) | (6,626,743) | |
| 11.010 Income Tax - Renewal | 173,607 | 2,261,522 | 2,295,445 | 2,329,877 | |||||
| 11.300 Cumulative Balance of Replacement/Renewal Levies | 173,607 | 2,435,129 | 4,730,574 | 7,060,451 | |||||
| 12.010 Fund Bal June 30 for Cert of Contracts,Salary Sched,Oth Obligations | 2,744,776 | 2,777,850 | 2,726,930 | 2,848,589 | 2,659,810 | 2,178,262 | 1,413,552 | 433,708 | |
| 15.010 Unreserved Fund Balance June 30 | 2,744,776 | 2,777,850 | 2,726,930 | 2,848,589 | 2,659,810 | 2,178,262 | 1,413,552 | 433,708 | |
| Notes to the Five Year Forecast | |||||||||
| Please visit the Ohio Department of Education website at | |||||||||
| ftp://ftp.ode.state.oh.us/geodoc/5-yrForecast/ | |||||||||