Green Five Year Forecast for Fiscal Year 2020

District Type: Local
IRN: 050013
County: Summit
Date Submitted: 11/20/2019 Date Processed: 11/20/2019
 
Actual Forecasted
Line 2017 2018 2019 2020 2021 2022 2023 2024
1.010 General Property (Real Estate) 20,669,857 21,376,473 21,122,558 20,943,774 21,226,507 19,661,758 17,820,100 18,275,527
1.020 Tangible Personal Property Tax 832,879 878,846 903,849 1,682,476 2,399,601 2,166,178 1,949,355 1,911,050
1.035 Unrestricted Grants-in-Aid 12,793,978 12,931,339 12,974,961 12,960,153 12,958,553 12,958,668 12,958,523 12,958,119
1.040 Restricted Grants-in-Aid 103,849 64,481 89,688 58,700 58,700 58,700 58,700 58,700
1.050 Property Tax Allocation 3,132,802 2,866,530 2,846,558 2,826,064 2,858,337 2,645,519 2,390,471 2,463,279
1.060 All Other Operating Revenue 2,863,231 2,400,740 2,661,427 2,725,938 2,661,463 2,646,847 2,651,604 2,668,399
1.070 Total Revenue 40,396,596 40,518,409 40,599,041 41,197,105 42,163,161 40,137,670 37,828,753 38,335,074
2.050 Advances-In 3,615 2,297
2.060 All Other Financial Sources 4,494 16,989 179,167 103,154 1,500 1,500 1,500 1,500
2.070 Total Other Financing Sources 8,109 19,286 179,167 103,154 1,500 1,500 1,500 1,500
2.080 Total Revenues and Other Financing Sources 40,404,705 40,537,695 40,778,208 41,300,259 42,164,661 40,139,170 37,830,253 38,336,574
3.010 Personnel Services 22,185,787 23,053,927 24,043,374 24,556,207 25,549,012 26,570,972 27,633,811 28,739,163
3.020 Employees' Retirement/Insurance Benefits 8,314,918 9,306,009 9,504,644 9,869,149 11,230,484 12,095,812 13,036,642 14,060,083
3.030 Purchased Services 4,695,283 4,703,386 5,114,859 5,536,143 5,592,122 5,659,290 5,701,672 5,744,020
3.040 Supplies and Materials 1,146,881 1,102,878 1,117,787 1,128,516 1,144,516 1,154,516 1,163,516 1,173,516
4.010 Debt Service: All Principal (Historical) 95,000 105,000 97,326
4.050 Debt Service: Principal - HB 264 Loans 101,046 104,908 108,917 113,079 117,401
4.060 Debt Service: Interest and Fiscal Charges 27,207 30,984 36,463 48,738 44,877 40,867 36,705 32,384
4.300 Other Objects 457,768 448,195 582,627 588,435 596,085 604,435 617,035 633,135
4.500 Total Expenditures 36,922,844 38,750,379 40,497,080 41,828,234 44,262,004 46,234,809 48,302,460 50,499,702
5.010 Operational Transfers - Out 2,316 3,486 510,427
5.020 Advances - Out 3,615 2,296
5.040 Total Other Financing Uses 5,931 5,782 510,427
5.050 Total Expenditure and Other Financing Uses 36,928,775 38,756,161 41,007,507 41,828,234 44,262,004 46,234,809 48,302,460 50,499,702
6.010 Excess Rev & Oth Financing Sources over(under) Exp & Oth Financing 3,475,930 1,781,534 (229,299) (527,975) (2,097,343) (6,095,639) (10,472,207) (12,163,128)
7.010 Beginning Cash Balance 7,633,861 11,109,791 12,891,325 12,662,026 12,134,051 10,036,708 3,941,069 (6,531,138)
7.020 Ending Cash Balance 11,109,791 12,891,325 12,662,026 12,134,051 10,036,708 3,941,069 (6,531,138) (18,694,266)
8.010 Outstanding Encumbrances 724,638 773,847 473,387 550,000 550,000 550,000 550,000 550,000
10.010 Fund Balance June 30 for Certification of Appropriations 10,385,153 12,117,478 12,188,639 11,584,051 9,486,708 3,391,069 (7,081,138) (19,244,266)
11.020 Property Tax - Renewal or Replacement 2,427,208 4,854,378 4,854,273
11.300 Cumulative Balance of Replacement/Renewal Levies 2,427,208 7,281,586 12,135,859
12.010 Fund Bal June 30 for Cert of Contracts,Salary Sched,Oth Obligations 10,385,153 12,117,478 12,188,639 11,584,051 9,486,708 5,818,277 200,448 (7,108,407)
15.010 Unreserved Fund Balance June 30 10,385,153 12,117,478 12,188,639 11,584,051 9,486,708 5,818,277 200,448 (7,108,407)
 
 
Notes to the Five Year Forecast
 
 
Please visit the Ohio Department of Education website at
ftp://ftp.ode.state.oh.us/geodoc/5-yrForecast/

___________________________________