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/

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