rh 5 year forecast - october 2011

8/3/2019 Rh 5 Year Forecast - October 2011

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Five Year Financial Forecast Spreadsheet

Tip

If you have questions or needassistance using this spreadsheet,

visit the USAS forum on the OECNPublic Discussion forums athttp://ssdt.oecn.k12.oh.us/forums

The Forums are a web-based'discussion' areas (similar to DECNotes). Someone from the SSDTwill be there to help you.

Tip

Be sure to download the CSV file inthe correct mode.

For example, if using FTP or Kermit,download the CSV file in "ASCII"

mode.

Instructions

Getting Started

Importing Data From USASFF

This spreadsheet was developed by the SSDT to assist school

district's in preparing the Five Year Financial Forecast required byHB412 and EMIS.

The spreadsheet may be used alone (by hand entering the values) orin conjunction with the USASFF program provided by the SSDT withthe USAS software. The USASFF program provides a CSV file whichcan be imported into this spreadsheet to provide the three prior yearactual values as well as the expendable/receivable values for thecurrent year estimate.

Note: These instructions assume you are using Microsoft Excel 97 or

Excel 2000. The spreadsheet is believed to be compatible with earlierversions of Excel. However, the precise steps may vary slightly if youare using a different spreadsheet application.

This spreadsheet is actually a 'workbook" which contains multiple

"worksheets". You will need to switch between the various sheets

while you prepare the forecast. You are currently viewing the"Instructions" worksheet. Near the bottom of this window are tabswhich allow you to switch between the various sheets. You shouldsee the following worksheets:

-'Instructions' is the sheet you are currently viewing

-'Forecast' contains the Five Year Forecast- 'Parameters' contains global parameters (district's name, FY)

- 'Data' may contain the information imported from USASFF.

Now switch to the 'Parameters' sheet and enter your district's name,county and the fiscal year. After you enter these values, switch to the'Forecast' sheet to see that your district name and fiscal year appearin the headings

If you choose to import data using USASFF. You should follow these

basic steps:

1) Run USASFF and review the report. The text report includes thedetail budget/revenue accounts which are included in each line.

2) Download the CSV file (USASFF.CSV) produced by USASFF toyour PC or Mac. Your OECN DAS personnel may need to help youwith this step.

3) You should now have both this forecast spreadsheet and the CSVfile open in Excel. Now do the following:


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Entering or Correcting Data Manually

a. Switch to the CSV file and select the entire worksheet. The easiest way to do this is to click onthe upper left corner of the sheet (in the corner adjacent to the column A and row 1 labels.).Alternatively, you may click-drag from cell A1 through F56 to select the appropriate cells.

b. On the menu bar, choose Edit->Copy. A dashed box should appear around the copied cells.

c. Switch back to the 'Data' sheet in the Forecast workbook and click on cell A1.

d. From the menu bar, choose Edit->Paste. The data from the CSV file should now appear in the'Data' sheet.

4) If you completed the above steps successfully the data from the CSV file should be in the 'Data' sheet ofthis workbook. Now switch to the 'Forecast' sheet. You should see the values from the 'Data' sheet havebeen automatically placed in the correct locations of the Forecast.

If you see any error values (e.g. #VALUE, #N/A, etc) then something went wrong during the import. If thisoccurs, it is recommended that you start over with a fresh copy of the spreadsheet. (If you have already done

a significant amount work in the forecast and don't want to start over, see "Correcting Common Problems"

below.

After the data is loaded, you can proceed with completing the forecast (see below).

If you choose not use the data from USASFF, or you are not a state software user, then you must enter theactual values manually. You may do this by simply switching to the 'Forecast' sheet and enter the values inthe appropriate row and column. There will be formulas in the cells. You may simply type the numeric valuesover the formulas. (Note: Once this is done, you may not load the USASFF CSV file later. If you type overthe formulas then the link between the 'Forecast' and 'Data' sheets will be broken.)

Even if you loaded the data from USASFF, you will probably need to make manual changes to correct errorsor reclassify revenues or expenditures. In this case, you have two choices. You may correct the values in

the 'Data' sheet or you can replace the formulas on the 'Forecast' sheet as described above. If you makethe changes in the 'Data' sheet, then the values will be automatically updated in the 'Forecast' sheet.

When entering manual data, you should not enter any values in lines which contain sub-totals (i.e., Cells thatcontain a SUM formula). The subtotals will be adjusted automatically when you change the detailed data.


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After importing or entering the actual values, you must complete the forecast. USASFF cannot supply all ofthe information necessary so you must enter the appropriate values in the 'Forecast' sheet. For example,

you must enter values for 'New Levies', and 'Reserve' balances. It is left to the Treasurer to determine whichvalues are needed to produce a valid and complete forecast.

The spreadsheet does not attempt to calculate values for the forecasted columns of the forecast. You mayeither calculate the numbers manually and enter the values in the appropriate column and row, or you deviseyour own formulas for the forecasted amounts.

Completing the Forecast

Exporting for use with EMIS (FFIMPORT)

Correcting Common Problems

Running out of memory

If Excel complains that it is 'out of memory', it's likely that this "Instructions" sheet is too large. Print

the "Instructions" sheet and then delete the instructions (right click on the 'Instructions' tab andchoose Delete).

Other Problems

If you manage to damage your copy of the spreadsheet in other way, you don't necessarily have tostart over. Your local DA Site may be able to help you recover the spreadsheet. Alternatively, you

can contact the SSDT for assistance. The best way to do this is via the OECN Forums web site(see link in first "Tip"). We may ask you to upload your spreadsheet to the forum so that we canlook at it or repair it for you.

Damaged Formula

If you accidentally delete or type over a formula, don't panic. The formulas in this spreadsheet wereconstructed to be easy to fix. A given formula on the spreadsheet can be recreated very easily.Simply select a formula from a similar cell that is still working and choose Edit->Copy. Then move tothe cell with the damaged formula and choose Edit->Paste Special. In the dialog box, choose the'Formulas' radio button and click OK.

Excel will automatically adjust the formula you copied to have the correct references.


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Note:

The spreadsheet is compatible withthe default options of FFIMPORT.You do not need to enter any specialvalues in FFIMPORT unless you

have added or removed columnsfrom the spreadsheet.

After you have completed the forecast, you must provide theinformation to the EMIS-R system. You may either manually re-enterthe data from this spreadsheet, or you may use the OECN FFIMPORTprogram to import the results of this spreadsheet.

To prepare this spreadsheet for importing into EMIS-R, switch to the

'Forecast' sheet and choose File->Save As... Give the file a differentname and in the 'Save as Type' field choose 'Text (tab-delimited)'.

The resulting file must then be uploaded to the ITC computer systemfor loading into EMIS-R using FFIMPORT. Your ITC personnel mayneed to help you with the uploading process. The FFIMPORT programwill convert this file into a file suitable for use in the EMIS-R flat fileprocess.

Important: Be certain that you extract the 'Forecast' sheet and not the

'Percentage View' or 'Summary View'. Only the 'Forecast' sheet hasall the information required by EMIS-R.

Other Suggestions

This spreadsheet was formatted to print acceptably on a laser or inkjet printer. If you find that the forecastdoes not print well on a single page with your printer, then you should use File->Page Setup and change the"Fit to" parameters appropriately. Most likely, you will want to print one page wide and two pages tall.

If the shading does not print well, or just annoys you, you can remove it easily by selecting the entire forecastsheet and choosing Format->Cells. Select the Patterns tab and then 'No color". This will remove the fillcolors from the entire spreadsheet.


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Richmond Heights Board of EducationBudgetary Status - General Fund

Fiscal Year 2012

ITEM SAVINGS COSTS BALANCE

Balance: Line 15.010 of 5-Year Forecast-May 2011 $376,720.00

(includes 1 replacement buses @ $80,046 each)

Savings Items:

Attrition & ResignationsN. Bishko, Principal $105,837.84 482,557.84L. Kletecka, Teacher ($6,720 health) 98,698.94 581,256.78

L. Smoltz, Teacher ($6,720 health) 96,815.44 678,072.22K. Wiley, Reading Teacher ($6,720 health) 95,876.60 773,948.82

Ohio Ed Jobs Funds - Reimbursement 43,576.00 817,524.82

Dean of Students/AD RIF 87,321.69 904,846.51Special Education Student - Applewood 41,932.00 946,778.51

946,778.51946,778.51

Cost Items: 946,778.51

New Staff: 946,778.511. Secondary Principal ($78,500 salary) $108,208.70 838,569.81

2. Asst. Principal ($52,000 salary) 64,982.35 773,587.463. Grande - ( BA/Step 0 w/single benefits) 49,617.84 723,969.624. Teacher (2) NOT BEING REPLACED 0.00 723,969.62

5. Teacher (3) NOT BEING REPLACED 0.00 723,969.626. Additional funds to legal 2011-2012 (Josh) 100,000.00 623,969.627. Additional funds to legal June 2011 apprv. 50,000.00 573,969.62

8. Retro 2% raise to staff June 2011 - cost 107,368.50 466,601.129. History and Geography text - M.S. 8,037.48 458,563.64

10. M.S. Secretary not RIF'd - to 12/2/2011 19,679.08 438,884.5611. Athletic Directo.($28,000 w/family benefits) 58,721.90 380,162.6612. ESC Contract over budget 78,431.85 301,730.81

13. Open Enrollment Students over budget @ West Geauga only 127,050.00 174,680.8114. Open Enrollment Students - Akron 11,550.00 163,130.8115. Open Enrollment - ECOT 23,100.00 140,030.81

16. Contingency/Carry Over 2013 ( First Payroll + Health Ins.) 350,000.00 (209,969.19)

Fiscal Year 2012 - Ending Balance ($209,969.19)

bmb 9/2011

NOTES:

1) The only retired teacher to be replaced is Larry Kletecka at the Middle School. The two elementary positionswill remain vacant for this school year. Savings through attrition.

2) The secondary principal position hired at $78,500 single benefits, plan 303.

3) The Assistant Principal position hired at $52,000 with waived benefits. Life insurance +$2,000 waiver.

4) Positions of M.S. Secretary still under full contract. Wages and benefit estimated through 12/2/2011.60 days from 9/12/2011.

5) Athletic Director assumed at half the salary($28,000) with family benefits.


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Staff Cost Savings:

Previous Current Previous Current Difference

Laux Pingle $65,000.00 $76,688.00 ($11,688.00)Bishko Booker $80,000.00 $48,454.42 $31,545.58Quadstar Mog $85,000.00 $44,310.00 $40,690.00Smith Smith $56,000.00 $32,666.62 $23,333.38Kletecka Grande $78,341.00 $37,244.00 $41,097.00Smoltz None $76,716.00 $0.00 $76,716.00Wiley (N/A - Paid by Title I) N/A N/A N/a $0.00

Health Purchase per RHEA Smoltz $0.00 $3,900.00 ($3,900.00)Kletecka $0.00 $1,572.96 ($1,572.96)Wiley $0.00 $7,800.00 ($7,800.00)

Credit Recovery Holowaty $9,700.00 $9,700.00 $0.00Patty $0.00 $7,900.00 ($7,900.00)M.S. Secretary Lewis $0.00 $10,102.40 ($10,102.40)Latchkey - contract pay off O'Brien $0.00 $1,092.96 ($1,092.96)

$0.00$0.00$0.00$0.00$0.00

Total change to salaries - reduction $169,325.64


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RICHMOND HEIGHTS LOCAL SCHOOLSCUYAHOGA COUNTY

Schedule of Revenues, Expenditures and Changes in Fund BalancesFor the Fiscal Years Ended June 30, 2009, 2010, and 2011 Actual

Forecasted Fiscal Years Ending June 30, 2012 Through 2016

October 2011

Fiscal Year Fiscal Year Fiscal Year Average Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year2009 2010 Actual 2011 Change 2012 2013 2014 2015 2016

Revenues

1.010 General Property Tax (Real Estate) $7,613,585 $7,747,975 $8,685,258 6.9% $8,527,957 $8,613,237 $8,699,369 $8,786,363 $8,874,2261.011 General Property Tax -Borrowed 250,000 150,000 - -70.0% - - - - -1.020 Tangible Personal Property Tax 445,510 179,181 26,712 -72.4% 14,500 5,000 - - -1.030 Income Tax - - - - - - - -1.035 Unrestricted State Grants-in-Aid 1,412,400 1,286,612 1,229,289 -6.7% 969,029 1,040,036 1,040,036 1,040,036 1,040,0361.040 Restricted State Grants-in-Aid 896,645 1,153,580 1,183,650 15.6% 962,594 941,802 854,010 836,218 818,4261.045 Restricted Federal Grants-in-Aid - SFSF - 80,483 103,163 - - - - -1.050 Property Tax Allocation 1,042,508 1,120,362 1,184,093 6.6% 1,244,893 1,315,693 1,380,693 1,445,693 1,510,6931.060 All Other Revenues 276,767 255,973 184,432 -12.4% 240,000 240,000 285,000 285,000 285,000

1.070 Total Revenues 11,937,415 11,974,166 12,596,597 2.8% 11,958,973 12,155,768 12,259,108 12,393,310 12,528,382

Other Financing Sources

2.010 Proceeds from Sale of Notes - - - - - - - -2.020 State Emergency Loans and Advancements (Approved) - - - - - - - -

2.040 Operating Transfers-In 2,409 - - - - - - -2.050 Advances-In 69,489 6,559 - -95.3% 56,194 45,000 45,000 45,000 45,0002.060 All Other Financing Sources 7,364 19,723 528 35.3% 53,382 15,000 15,000 15,000 15,0002.070 Total Other Financing Sources 79,262 26,282 528 -82.4% 109,577 60,000 60,000 60,000 60,000

2.080 Total Revenues and Other Financing Sources 12,016,677 12,000,448 12,597,125 2.4% 12,068,550 12,215,768 12,319,108 12,453,310 12,588,382

Expenditures3.010 Personal Services 5,420,521 5,260,315 5,394,976 -0.2% 5,333,550 5,440,221 5,549,025 5,660,006 5,773,2063.020 Employees' Retirement/Insurance Benefits 2,255,133 1,939,452 1,964,528 -6.4% 2,009,017 2,138,406 2,278,204 2,432,833 2,600,2273.030 Purchased Services 3,409,611 4,117,479 4,441,353 14.3% 4,216,961 4,215,000 4,215,000 4,215,000 4,215,0003.040 Supplies and Materials 307,378 241,060 246,499 -9.7% 378,000 293,000 293,000 293,000 293,0003.050 Capital Outlay 41,795 181,035 27,005 124.0% 149,954 230,000 230,000 230,000 230,0003.060 Intergovernmental - - - - - - - -

Debt Service:4.010 Principal-All (Historical Only) - - - - - - - -4.020 Principal-Notes - - - - - - - -4.030 Principal-State Loans - - - - - - - -4.040 Principal-State Advancements - - - - - - - -4.050 Principal-HB 264 Loans - - - - - - - -4.055 Principal-Other - - - - - - - -4.060 Interest and Fiscal Charges - - - - - - - -4.300 Other Objects 209,830 278,140 472,373 51.2% 385,000 385,000 385,000 385,000 385,000

4.500 Total Expenditures 11,644,268 12,017,481 12,546,734 3.8% 12,472,481 12,701,627 12,950,229 13,215,839 13,496,433

Other Financing Uses

5.010 Operating Transfers-Out 54,298 104,430 138,531 62.5% 104,430 104,430 104,430 104,430 104,4305.020 Advances-Out 90,666 30,586 75,777 40.7% 25,000 43,000 43,000 45,000 45,0005.030 All Other Financing Uses - - - - - - - -5.040 Total Other Financing Uses 144,964 135,016 214,308 25.9% 129,430 147,430 147,430 149,430 149,430

5.050 Total Expenditures and Other Financing Uses 11,789,232 12,152,497 12,761,042 4.0% 12,601,911 12,849,056 13,097,659 13,365,269 13,645,862


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October 2011


6.010 Excess of Revenues and Other Financing Sources over(under) Expenditures and Other Financing Uses 227,445 152,049- 163,917- -79.5% 533,362- 633,289- 778,551- 911,959- 1,057,481-

7.010 Cash Balance July 1 - Excluding ProposedRenewal/Replacement and New Levies 411,914 639,359 487,310 15.7% 323,393 209,969- 843,257- 1,621,808- 2,533,767-

7.020 Cash Balance June 30 639,359 487,310 323,393 -28.7% 209,969- 843,257- 1,621,808- 2,533,767- 3,591,248-

8.010 Estimated Encumbrances June 30 247,773 314,801 182,446 -7.5% 195,000 205,000 205,000 205,000 205,000

Reservation of Fund Balance9.010 Textbooks and Instructional Materials9.020 Capital Improvements9.030 Budget Reserve9.040 DPIA9.045 Fiscal Stabilization

9.050 Debt Service9.060 Property Tax Advances9.070 Bus Purchases

9.080 Subtotal

10.010 Fund Balance June 30 for Certification of Appropriations 391,586 172,509 140,947 -37.1% 404,969- 1,048,257- 1,826,808- 2,738,767- 3,796,248-

Revenue from Replacement/Renewal Levies11.010 Income Tax - Renewal - - - - - - - -11.020 Property Tax - Renewal or Replacement - - - - - - - -

11.300 Cumulative Balance of Replacement/Renewal Levies - - - - - - - -

12.010 Fund Balance June 30 for Certification of Contracts,

Salary Schedules and Other Obligations 391,586 172,509 140,947 -37.1% 404,969- 1,048,257- 1,826,808- 2,738,767- 3,796,248-

Revenue from New Levies

13.010 Income Tax - New13.020 Property Tax - New

13.030 Cumulative Balance of New Levies

14.010 Revenue from Future State Advancements - - - - - - - -

15.010 Unreserved Fund Balance June 30 391,586 172,509 140,947 -37.1% 404,969- 1,048,257- 1,826,808- 2,738,767- 3,796,248-

ADM Forecasts20.010 Kindergarten - October Count 33 42 62 37.4% 69 57 5520.015 Grades 1-12 - October Count 949 942 882 -3.6% 813 830 840

State Fiscal Stabilization Funds21.010 Personal Services SFSF - - - - - - - -21.020 Employees Retirement/Insurance Benefits SFSF - - - - - - - -21.030 Purchased Services SFSF - $80,483 $103,163 - - - - -


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October 2011


21.040 Supplies and Materials SFSF - - - - - - - -21.050 Capital Outlay SFSF - - - - - - - -

21.060 Total Expenditures - SFSF 80,483 103,163

See accompanying summary of significant forecast assumptions and accounting policiesIncludes: General fund and any portion of Debt Service fund related to General fund debt


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Parameters SSDT Forecast Spreadsheet: Version 2.01-

School District Name RICHMOND HEIGHTS BOARD OF EDUCATION

County CUYAHOGA COUNTY

Fiscal Year 2011

Note: Do not change cells below this line

The cells below are scratch areas used to calculate amounts for use in the Charts sheet.

If you remove or change any of these cells, the charts may not function.

Enter the global parameters below. These values affect how the headings andcalculations function on the other sheets.


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5


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Line 2008 2009 2010 Avg Chg 20111.01 7562135 7619722 7613585 7681571

1.011 0 100000 2500001.02 980986 831941 445510.31.03 0 0 0 0

1.035 1341334 1311084 1412400

1.04 381097 746272 896644.61.045 0 0 0 0 75268.961.05 832301 931824 10425081.06 448821 334575 2767671.072.01 0 0 0 02.02 0 0 0 02.04 0 5731 2409.12.05 405385 57200 69489.47

2.06 58995 13957 7363.462.072.08

3.01 6335454 6041449 54205213.02 2297904 2474371 22551333.03 3400438 2926494 34096113.04 407543 342716 3073783.05 192246 88415 417953.06 0 0 0 04.01 0 0 0 04.02 0 0 0 04.03 0 0 0 0

4.04 0 0 0 04.05 0 0 0 0

4.055 0 0 0 04.06 0 0 0 0

4.3 197859 207847 2098304.5

5.01 127559 15424 542985.02 111600 66489 906665.03 1190 0 05.04

5.056.017.01 16835527.028.01 471747 265891 2477739.01 0 0 0 0

9.02 0 0 0 09.03 0 0 0 09.04 0 0 0 0

9.045 0 0 0 09.05 0 0 0 09.06 0 0 0 09.07 0 0 0 09.08 0 0

10.01


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11.01 0 0 0 011.02 0 0 0 011.3

12.0113.01 0 0 0 013.02 0 0 0 518160 1036320 1036320

13.0314.01 0 0 0 0 015.0120.01 35 33

20.015 971 94921.010 0 0 021.020 0 0 021.030 0 0 0 75268.9621.040 0 0 0

21.050 0 0 021.060


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RICHMOND HEIGHTS BOARD OF EDUCATIONCUYAHOGA COUNTY

Summary Forecasted Statement of Revenues, Expenditures and Changes in Fund BalancesFor the Fiscal Years Ending June 30, 2011 Through 2015

ForecastedHistorical Annual Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Average AnnualAverage Change 2011 2012 2013 2014 2015 Change

RevenuesGeneral Property Tax (Real Estate) 774797500.0% $8,685,258 $ $8,527,957 $8,613,237 $8,699,369 3075959954.7%

Tangible Personal Property Tax 17918100.0% 26,712 1- 14,500 5,000 -500530.1%Income Tax 0.0% 0.0%Unrestricted State Grants-in-Aid 128661200.0% 1,229,289 - 969,029 1,040,036 1,040,036 -362624763.6%Restricted State Grants-in-Aid 115358000.0% 1,183,650 962,594 941,802 854,010 153956684.1%

Restricted Federal Grants-in-Aid- SFSF 8048300.0% 103,163 -25.0%Property Tax Allocation 112036200.0% 1,184,093 1,244,893 1,315,693 1,380,693 473113701.4%All Other Revenues 25597300.0% 184,432 - 240,000 240,000 285,000 -48404282.1%

Total Revenues 1197416600.0% 12,596,597 1- 11,958,973 12,155,768 12,259,108 -479337053.0%

Other Financing SourcesProceeds from Sale of Notes 0.0% 0.0%State Emergency Loans and Advancements (Approved) 0.0% 0.0%Operating Transfers-In 0.0% 0.0%Advances-In 655900.0% 1- 56,194 45,000 45,000 -1474470.5%All Other Financing Sources 1972300.0% 528 53,382 15,000 15,000 3785544.4%

Total Other Financing Sources 2628200.0% 528 1- 109,577 60,000 60,000 -3323938.3%

Total Revenues and Other Financing Sources 1200044800.0% 12,597,125 12,068,550 12,215,768 12,319,108 124,750,651

ExpendituresPersonal Services 526031500.0% 5,394,976 - 5,333,550 5,440,221 5,549,025 #############Employees' Retirement/Insurance Benefits 193945200.0% 1,964,528 - 2,009,017 2,138,406 2,278,204 -790615941.4%Purchased Services 411747900.0% 4,441,353 4,216,961 4,215,000 4,215,000 736540884.6%

Supplies and Materials 24106000.0% 246,499 - 378,000 293,000 293,000 -97830677.0%Capital Outlay 18103500.0% 27,005 1 149,954 230,000 230,000 3022414.1%Intergovernmental 0.0% 0.0%Debt Service:Principal-All (Historical Only) 0.0% 0.0%

Principal-Notes 0.0% 0.0%Principal-State Loans 0.0% 0.0%Principal-State Advancements 0.0% 0.0%Principal-HB 264 Loans 0.0% 0.0%Principal-Other 0.0% 0.0%

Interest and Fiscal Charges 0.0% 0.0%Other Objects 27814000.0% 472,373 1 385,000 385,000 385,000 18801028.5%

Total Expenditures 1201748100.0% 12,546,734 12,472,481 12,701,627 12,950,229 ############

Other Financing UsesOperating Transfers-Out 10443000.0% 138,531 1 104,430 104,430 104,430 78321.4%

Advances-Out 3058600.0% 75,777 25,000 43,000 43,000 27749.1%All Other Financing Uses 0.0% 0.0%

Total Other Financing Uses 13501600.0% 214,308 129,430 147,430 147,430 106071.3%

Total Expenditures and Other Financing Uses 1215249700.0% 12,761,042 12,601,911 12,849,056 13,097,659 96,372

Excess of Revenues and Other Financing Sources

over (under) Expenditures and Other Financing Uses -15204900.0% 163,917- 1- 533,362- 633,289- 778,551- 167,675

Cash Balance July 1 - Excluding Proposed

Renewal/Replacement and New Levies 63935900.0% 487,310 323,393 209,969- 843,257- 51438106.9%

Cash Balance June 30 48731000.0% 323,393 - 209,969- 843,257- 1,621,808- 18284072.8%

Estimated Encumbrances June 30 31480100.0% 182,446 - 195,000 205,000 205,000 -65035425.2%

Reservation of Fund BalanceTextbooks and Instructional Materials 0.0% 0.0%Capital Improvements 0.0% 0.0%Budget Reserve 0.0% 0.0%DPIA 0.0% 0.0%Fiscal Stabilization 0.0%

Debt Service 0.0% 0.0%Property Tax Advances 0.0% 0.0%Bus Purchases 0.0% 0.0%

Subtotal 0.0% 0.0%

Fund Balance June 30 for Certification of 17250900.0% 140,947 - 404,969- 1,048,257- 1,826,808- 27273581.6%Revenue from Replacement/Renewal LeviesIncome Tax - Renewal 0.0% 0.0%Property Tax - Renewal or Replacement 0.0% 0.0%

Cumulative Balance of Replacement/Renewal Levies 0.0% 0.0%

Fund Balance June 30 for Certification of Contracts,

Salary Schedules and Other Obligations

17250900.0% 140,947 - 404,969- 1,048,257- 1,826,808- 27273581.6%

Revenue from New LeviesIncome Tax - New 0.0% 0.0%Property Tax - New 0.0% 0.0%

Cumulative Balance of New Levies 0.0% 0.0%

Revenue from Future State Advancements 0.0% 0.0%

Unreserved Fund Balance June 30 17250900.0% 140,947 - 404,969- 1,048,257- 1,826,808- 27273581.6%

ADM ForecastsKindergarten - October Count 4200.0% 62 69 57 55 4551.6%Grades 1-12 - October Count 94200.0% 882 - 813 830 840 -572016.8%

State Fiscal Stabilization Funds

Personal Services SFSF 0.000 0.0%Employees Retirement/Insurance Benefits SFSF 0.0% 0.0%Purchased Services SFSF 8048300.0% 103,163 -25.0%Supplies and Materials SFSF 0.0% 0.0%Capital Outlay SFSF 0.0% 0.0%

Total Expenditures - SFSF 103,163 -25.0%

See accompanying summary of significant forecast assumptions and accounting policiesIncludes: General fund, Emergency Levy fund, DPIA fund, Textbook fund and any portion of Debt Service fund related to General fund debt


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RICHMOND HEIGHTS BOARD OF EDUCATIONCUYAHOGA COUNTY

Schedule of Percentage Changes of Revenues, Expenditures and Changes in Fund BalancesFor the Forecasted Fiscal Years Ending June 30, 2011 Through 2015

ForecastedHistorical Annual Fiscal Year Fiscal Year Percent Fiscal Year Percent Fiscal Year Percent Fiscal Year PercentAverage Change 2011 2012 Change 2013 Change 2014 Change 2015 Change

Revenues

General Property Tax (Real Estate) 774797500.0% $8,685,258 $ -100.0% $8,527,957 ######### $8,613,237 1.0% $8,699,369 1.0%Tangible Personal Property Tax 17918100.0% 26,712 1- -100.0% 14,500 ######### 5,000 -65.5% -100.0%

Income Tax 0.0% 0.0% 0.0% 0.0% 0.0%Unrestricted State Grants-in-Aid 128661200.0% 1,229,289 - -100.0% 969,029 ######### 1,040,036 7.3% 1,040,036 0.0%

Restricted State Grants-in-Aid 115358000.0% 1,183,650 -100.0% 962,594 ######### 941,802 -2.2% 854,010 -9.3%Restricted Federal Grants-in-Aid - SFSF 8048300.0% 103,163 -100.0% 0.0% 0.0% 0.0%

Property Tax Allocation 112036200.0% 1,184,093 -100.0% 1,244,893 ######### 1,315,693 5.7% 1,380,693 4.9%All Other Revenues 25597300.0% 184,432 - -100.0% 240,000 ######### 240,000 0.0% 285,000 18.8%

Total Revenues 1197416600.0% 12,596,597 1- -100.0% 11,958,973 ######## 12,155,768 1.6% 12,259,108 0.9%

Other Financing SourcesProceeds from Sale of Notes 0.0% 0.0% 0.0% 0.0% 0.0%State Emergency Loans and Advancements (Approved) 0.0% 0.0% 0.0% 0.0% 0.0%

Operating Transfers-In 0.0% 0.0% 0.0% 0.0% 0.0%Advances-In 655900.0% 1- 0.0% 56,194 ######### 45,000 -19.9% 45,000 0.0%

All Other Financing Sources 1972300.0% 528 -99.9% 53,382 ######### 15,000 -71.9% 15,000 0.0%

Total Other Financing Sources 2628200.0% 528 1- -100.2% 109,577 ######## 60,000 -45.2% 60,000 0.0%Total Revenues and Other Financing Sources 1200044800.0% 12,597,125 -100.0% 12,068,550 ######## 12,215,768 1.2% 12,319,108 0.8%

ExpendituresPersonal Services 526031500.0% 5,394,976 - -100.0% 5,333,550 ######### 5,440,221 2.0% 5,549,025 2.0%Employees' Retirement/Insurance Benefits 193945200.0% 1,964,528 - -100.0% 2,009,017 ######### 2,138,406 6.4% 2,278,204 6.5%

Purchased Services 411747900.0% 4,441,353 -100.0% 4,216,961 ######### 4,215,000 0.0% 4,215,000 0.0%Supplies and Materials 24106000.0% 246,499 - -100.0% 378,000 ######### 293,000 -22.5% 293,000 0.0%

Capital Outlay 18103500.0% 27,005 1 -100.0% 149,954 ######### 230,000 53.4% 230,000 0.0%Intergovernmental 0.0% 0.0% 0.0% 0.0% 0.0%

Debt Service: 0.0% 0.0% 0.0% 0.0%Principal-All (Historical Only) 0.0% 0.0% 0.0% 0.0% 0.0%

Principal-Notes 0.0% 0.0% 0.0% 0.0% 0.0%Principal-State Loans 0.0% 0.0% 0.0% 0.0% 0.0%

Principal-State Advancements 0.0% 0.0% 0.0% 0.0% 0.0%Principal-HB 264 Loans 0.0% 0.0% 0.0% 0.0% 0.0%

Principal-Other 0.0% 0.0% 0.0% 0.0% 0.0%Interest and Fiscal Charges 0.0% 0.0% 0.0% 0.0% 0.0%

Other Objects 27814000.0% 472,373 1 -100.0% 385,000 ######### 385,000 0.0% 385,000 0.0%

Total Expenditures 1201748100.0% 12,546,734 -100.0% 12,472,481 ######## 12,701,627 1.8% 12,950,229 2.0%

Other Financing UsesOperating Transfers-Out 10443000.0% 138,531 1 -100.0% 104,430 ######### 104,430 0.0% 104,430 0.0%

Advances-Out 3058600.0% 75,777 -100.0% 25,000 ######### 43,000 72.0% 43,000 0.0%All Other Financing Uses 0.0% 0.0% 0.0% 0.0% 0.0%

Total Other Financing Uses 13501600.0% 214,308 -100.0% 129,430 ######## 147,430 13.9% 147,430 0.0%

Total Expenditures and Other Financing Uses 1215249700.0% 12,761,042 -100.0% 12,601,911 ######## 12,849,056 2.0% 13,097,659 1.9%

Excess of Revenues and Other Financing Sources

over (under) Expenditures and Other Financing Uses -15204900.0% 163,917- 1- -100.0% 533,362- ######## 633,289- 18.7% 778,551- 22.9%

Cash Balance July 1 - Excluding Proposed

Renewal/Replacement and New Levies 63935900.0% 487,310 -100.0% 323,393 ######## 209,969- -164.9% 843,257- 301.6%

Cash Balance June 30 48731000.0% 323,393 - -100.0% 209,969- ######## 843,257- 301.6% 1,621,808- 92.3%

Estimated Encumbrances June 30 31480100.0% 182,446 - -100.0% 195,000 ######## 205,000 5.1% 205,000 0.0%

Reservation of Fund BalanceTextbooks and Instructional Materials 0.0% 0.0% 0.0% 0.0% 0.0%Capital Improvements 0.0% 0.0% 0.0% 0.0% 0.0%

Budget Reserve 0.0% 0.0% 0.0% 0.0% 0.0%DPIA 0.0% 0.0% 0.0% 0.0% 0.0%

Fiscal Stabilization 0.0% 0.0% 0.0% 0.0% 0.0%Debt Service 0.0% 0.0% 0.0% 0.0% 0.0%

Property Tax Advances 0.0% 0.0% 0.0% 0.0% 0.0%Bus Purchases 0.0% 0.0% 0.0% 0.0% 0.0%

Subtotal 0.0% 0.0% 0.0% 0.0% 0.0%

Fund Balance June 30 for Certification of 17250900.0% 140,947 - -100.0% 404,969- ######## 1,048,257- 158.8% 1,826,808- 74.3%

Revenue from Replacement/Renewal LeviesIncome Tax - Renewal 0.0% 0.0% 0.0% 0.0% 0.0%Property Tax - Renewal or Replacement 0.0% 0.0% 0.0% 0.0% 0.0%

Cumulative Balance of Replacement/Renewal Levies 0.0% 0.0% 0.0% 0.0% 0.0%

Fund Balance June 30 for Certification of Contracts,

Salary Schedules and Other Obligations

17250900.0% 140,947 - -100.0% 404,969- ######## 1,048,257- 158.8% 1,826,808- 74.3%

Revenue from New LeviesIncome Tax - New 0.0% 0.0% 0.0% 0.0% 0.0%Property Tax - New 0.0% 0.0% 0.0% 0.0% 0.0%

Cumulative Balance of New Levies 0.0% 0.0% 0.0% 0.0% 0.0%

Revenue from Future State Advancements 0.0% 0.0% 0.0% 0.0% 0.0%

Unreserved Fund Balance June 30 17250900.0% 140,947 - -100.0% 404,969- ######## 1,048,257- 158.8% 1,826,808- 74.3%

ADM ForecastsKindergarten - October Count 4200.0% 62 -99.4% 69 18326.6% 57 -17.4% 55 -3.5%

Grades 1-12 - October Count 94200.0% 882 - -100.0% 813 ######### 830 2.1% 840 1.2%

State Fiscal Stabilization Funds

rh 5 year forecast - october 2011

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