FIVE YEAR FORECAST
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State law requires all public schools to file a Five-Year Financial Forecast with the Ohio Department of Education twice a year in November and May.
We have updated this information in June to reflect the reduction of the district’s State Foundation funding due to COVID-19 by approximately $400,000 this fiscal year, emphasizing the need for an upcoming levy.
The forecast requires districts to evaluate their General Fund for potential long-term outcomes when making current decisions about new initiatives and funding existing programs and services over multiple years. The multi-year budgeting process lends itself to meeting both short and long-term goals while maintaining financial solvency.
The General Fund is the largest district fund. The General Fund is primarily unrestricted and used for the day-to-day operation of the school district.
The primary purpose of the forecast:
Due to the uncertainties and changing nature of school finance and economic factors, this forecast is fluid and subject to change.
Contact Paul Pestello, Treasurer, with any questions. The forecast and assumption are posted on the Finance web page.
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