Northwestern Five Year Forecast for Fiscal Year 2021

District Type: Local
IRN: 050575
County: Wayne
Date Submitted: 11/18/2020 Date Processed: 11/18/2020
 
Actual Forecasted
Line 2018 2019 2020 2021 2022 2023 2024 2025
1.010 General Property (Real Estate) 2,885,053 2,987,394 3,133,650 2,820,285 3,000,000 3,050,000 3,120,000 3,200,000
1.030 Income Tax 2,175,519 2,121,588 2,373,749 2,017,686 2,110,000 2,160,000 2,235,000 2,300,000
1.035 Unrestricted Grants-in-Aid 7,220,377 7,181,141 6,993,490 7,011,000 7,200,000 7,200,000 7,200,000 7,200,000
1.040 Restricted Grants-in-Aid 215,168 390,477
1.050 Property Tax Allocation 418,729 422,726 423,276 422,726 450,000 450,000 450,000 450,000
1.060 All Other Operating Revenue 1,838,686 2,525,348 2,202,767 1,927,767 2,000,000 2,022,000 2,022,000 2,022,000
1.070 Total Revenue 14,538,363 15,238,197 15,342,100 14,589,942 14,760,000 14,882,000 15,027,000 15,172,000
2.080 Total Revenues and Other Financing Sources 14,538,363 15,238,197 15,342,100 14,589,942 14,760,000 14,882,000 15,027,000 15,172,000
3.010 Personnel Services 8,220,407 8,173,335 8,255,700 8,338,257 8,458,000 8,578,000 8,698,000 8,818,000
3.020 Employees' Retirement/Insurance Benefits 3,949,204 4,212,258 4,461,555 4,282,908 4,320,000 4,402,800 4,488,912 4,578,468
3.030 Purchased Services 1,830,942 2,630,686 2,095,070 2,127,447 2,160,000 2,210,000 2,250,000 2,290,000
3.040 Supplies and Materials 613,273 578,654 476,469 500,000 510,000 535,000 550,000 570,000
3.050 Capital Outlay 169,173 198,287 132,457 158,782 173,000 197,000 212,000 237,000
4.300 Other Objects 45,779 4,979 88,655 89,541 90,000 90,900 92,000 92,920
4.500 Total Expenditures 14,828,778 15,798,200 15,509,907 15,496,936 15,711,000 16,013,700 16,290,912 16,586,388
5.010 Operational Transfers - Out 89,035 70,214 99,720 50,000 55,000 60,000 62,500 65,000
5.040 Total Other Financing Uses 89,035 70,214 99,720 50,000 55,000 60,000 62,500 65,000
5.050 Total Expenditure and Other Financing Uses 14,917,813 15,868,414 15,609,627 15,546,936 15,766,000 16,073,700 16,353,412 16,651,388
6.010 Excess Rev & Oth Financing Sources over(under) Exp & Oth Financing (379,450) (630,217) (267,527) (956,994) (1,006,000) (1,191,700) (1,326,412) (1,479,388)
7.010 Beginning Cash Balance 2,075,895 1,696,445 1,066,229 798,702 (158,293) (1,164,293) (2,355,993) (3,682,405)
7.020 Ending Cash Balance 1,696,445 1,066,229 798,702 (158,293) (1,164,293) (2,355,993) (3,682,405) (5,161,793)
8.010 Outstanding Encumbrances 331,579 219,227 219,227 219,200 219,200 219,200 219,200 219,200
9.030 Budget Reserve 200,000
9.080 Total Reservations 200,000
10.010 Fund Balance June 30 for Certification of Appropriations 1,164,866 847,001 579,474 (377,493) (1,383,493) (2,575,193) (3,901,605) (5,380,993)
12.010 Fund Bal June 30 for Cert of Contracts,Salary Sched,Oth Obligations 1,164,866 847,001 579,474 (377,493) (1,383,493) (2,575,193) (3,901,605) (5,380,993)
15.010 Unreserved Fund Balance June 30 1,164,866 847,001 579,474 (377,493) (1,383,493) (2,575,193) (3,901,605) (5,380,993)
 
 
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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