Five Year Financial Forecast Spreadsheet

Instructions
This spreadsheet was developed by the SSDT to assist school
district's in preparing the Five Year Financial Forecast required by
HB412 and EMIS.

Tip

If you have questions or need

assistance using this spreadsheet,
The spreadsheet may be used alone (by hand entering the values) or visit the USAS forum on the OECN
in conjunction with the USASFF program provided by the SSDT with Public Discussion forums at
the USAS software. The USASFF program provides a CSV file which http://ssdt.oecn.k12.oh.us/forums
can be imported into this spreadsheet to provide the three prior year
actual values as well as the expendable/receivable values for the
The Forums are a web-based
current year estimate.
'discussion' areas (similar to DEC
Notes). Someone from the SSDT
Note: These instructions assume you are using Microsoft Excel 97 or will be there to help you.
Excel 2000. The spreadsheet is believed to be compatible with earlier
versions of Excel. However, the precise steps may vary slightly if you
are using a different spreadsheet application.

Getting Started
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 tabs
which allow you to switch between the various sheets. You should
see 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 appear
in the headings

Importing Data From USASFF

If you choose to import data using USASFF. You should follow these Tip
basic steps:
1) Run USASFF and review the report. The text report includes the
detail budget/revenue accounts which are included in each line.
2) Download the CSV file (USASFF.CSV) produced by USASFF to
your PC or Mac. Your OECN DAS personnel may need to help you
with this step.
3) You should now have both this forecast spreadsheet and the CSV
file open in Excel. Now do the following:

Be sure to download the CSV file in

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

a. Switch to the CSV file and select the entire worksheet. The easiest way to do this is to click on
the 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 of
this workbook. Now switch to the 'Forecast' sheet. You should see the values from the 'Data' sheet have
been 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 this
occurs, 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).

Entering or Correcting Data Manually

If you choose not use the data from USASFF, or you are not a state software user, then you must enter the
actual values manually. You may do this by simply switching to the 'Forecast' sheet and enter the values in
the appropriate row and column. There will be formulas in the cells. You may simply type the numeric values
over the formulas. (Note: Once this is done, you may not load the USASFF CSV file later. If you type over
the 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 errors
or 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 make
the 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 that
contain a SUM formula). The subtotals will be adjusted automatically when you change the detailed data.

Completing the Forecast

After importing or entering the actual values, you must complete the forecast. USASFF cannot supply all of
the 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 which
values 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 may
either calculate the numbers manually and enter the values in the appropriate column and row, or you devise
your own formulas for the forecasted amounts.

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 and
choose Delete).
Damaged Formula
If you accidentally delete or type over a formula, don't panic. The formulas in this spreadsheet were
constructed 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 to
the 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.
Other Problems
If you manage to damage your copy of the spreadsheet in other way, you don't necessarily have to
start 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 can
look at it or repair it for you.
Exporting for use with EMIS (FFIMPORT)

After you have completed the forecast, you must provide the
Note:
information to the EMIS-R system. You may either manually re-enter
the data from this spreadsheet, or you may use the OECN FFIMPORT The spreadsheet is compatible with
program to import the results of this spreadsheet.
the default options of FFIMPORT.
You do not need to enter any special
To prepare this spreadsheet for importing into EMIS-R, switch to the values in FFIMPORT unless you
'Forecast' sheet and choose File->Save As... Give the file a different have added or removed columns
name and in the 'Save as Type' field choose 'Text (tab-delimited)'.
from the spreadsheet.
The resulting file must then be uploaded to the ITC computer system
for loading into EMIS-R using FFIMPORT. Your ITC personnel may
need to help you with the uploading process. The FFIMPORT program
will convert this file into a file suitable for use in the EMIS-R flat file
process.
Important: Be certain that you extract the 'Forecast' sheet and not the
'Percentage View' or 'Summary View'. Only the 'Forecast' sheet has
all 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 forecast
does 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 forecast
sheet and choosing Format->Cells. Select the Patterns tab and then 'No color". This will remove the fill
colors from the entire spreadsheet.

Richmond Heights Board of Education

Budgetary Status - General Fund
Fiscal Year 2012
ITEM

SAVINGS

COSTS

Balance: Line 15.010 of 5-Year Forecast-May 2011

(includes 1 replacement buses @ $80,046 each)
Savings Items:
Attrition & Resignations
N. Bishko, Principal
L. Kletecka, Teacher ($6,720 health)
L. Smoltz, Teacher ($6,720 health)
K. Wiley, Reading Teacher ($6,720 health)
Ohio Ed Jobs Funds - Reimbursement
Dean of Students/AD RIF
Special Education Student - Applewood

$376,720.00

$105,837.84
98,698.94
96,815.44
95,876.60
43,576.00
87,321.69
41,932.00

Cost Items:
New Staff:
1. Secondary Principal ($78,500 salary)
2. Asst. Principal ($52,000 salary)
3. Grande - ( BA/Step 0 w/single benefits)
4. Teacher (2) NOT BEING REPLACED
5. Teacher (3) NOT BEING REPLACED
6. Additional funds to legal 2011-2012 (Josh)
7. Additional funds to legal June 2011 apprv.
8. Retro 2% raise to staff June 2011 - cost
9. History and Geography text - M.S.
10. M.S. Secretary not RIF'd - to 12/2/2011
11. Athletic Directo.($28,000 w/family benefits)
12. ESC Contract over budget
13. Open Enrollment Students over budget @ West Geauga only
14. Open Enrollment Students - Akron
15. Open Enrollment - ECOT
16. Contingency/Carry Over 2013 ( First Payroll + Health Ins.)

$108,208.70
64,982.35
49,617.84
0.00
0.00
100,000.00
50,000.00
107,368.50
8,037.48
19,679.08
58,721.90
78,431.85
127,050.00
11,550.00
23,100.00
350,000.00

Fiscal Year 2012 - Ending Balance

bmb

BALANCE

482,557.84
581,256.78
678,072.22
773,948.82
817,524.82
904,846.51
946,778.51
946,778.51
946,778.51
946,778.51
946,778.51
838,569.81
773,587.46
723,969.62
723,969.62
723,969.62
623,969.62
573,969.62
466,601.12
458,563.64
438,884.56
380,162.66
301,730.81
174,680.81
163,130.81
140,030.81
(209,969.19)
($209,969.19)

9/2011

NOTES:
1) The only retired teacher to be replaced is Larry Kletecka at the Middle School. The two elementary positions
will 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.

Staff Cost Savings:

Previous

Current

Laux
Bishko
Quadstar
Smith
Kletecka
Smoltz
Wiley (N/A - Paid by Title I)
Health Purchase per RHEA

Pingle
Booker
Mog
Smith
Grande
None
N/A
Smoltz
Kletecka
Wiley
Holowaty
Patty
Lewis
O'Brien

Credit Recovery
M.S. Secretary
Latchkey - contract pay off

Total change to salaries - reduction

Previous

Current

$65,000.00
$80,000.00
$85,000.00
$56,000.00
$78,341.00
$76,716.00
N/A

$76,688.00
$48,454.42
$44,310.00
$32,666.62
$37,244.00
$0.00
N/a

$0.00
$0.00
$0.00
$9,700.00
$0.00
$0.00
$0.00

$3,900.00
$1,572.96
$7,800.00
$9,700.00
$7,900.00
$10,102.40
$1,092.96

Difference
($11,688.00)
$31,545.58
$40,690.00
$23,333.38
$41,097.00
$76,716.00
$0.00
($3,900.00)
($1,572.96)
($7,800.00)
$0.00
($7,900.00)
($10,102.40)
($1,092.96)
$0.00
$0.00
$0.00
$0.00
$0.00
$169,325.64

RICHMOND HEIGHTS LOCAL SCHOOLS

CUYAHOGA COUNTY

Schedule of Revenues, Expenditures and Changes in Fund Balances

For the Fiscal Years Ended June 30, 2009, 2010, and 2011 Actual
Forecasted Fiscal Years Ending June 30, 2012 Through 2016
October 2011
Fiscal Year
2009
1.010
1.011
1.020
1.030
1.035
1.040
1.045
1.050
1.060

Revenues
General Property Tax (Real Estate)
General Property Tax -Borrowed
Tangible Personal Property Tax
Income Tax
Unrestricted State Grants-in-Aid
Restricted State Grants-in-Aid
Restricted Federal Grants-in-Aid - SFSF
Property Tax Allocation
All Other Revenues

1.070 Total Revenues

2.010
2.020
2.040
2.050
2.060
2.070

Other Financing Sources

Proceeds from Sale of Notes
State Emergency Loans and Advancements (Approved)
Operating Transfers-In
Advances-In
All Other Financing Sources
Total Other Financing Sources

2.080 Total Revenues and Other Financing Sources

3.010
3.020
3.030
3.040
3.050
3.060
4.010
4.020
4.030
4.040
4.050
4.055
4.060
4.300

Expenditures
Personal Services
Employees' Retirement/Insurance Benefits
Purchased Services
Supplies and Materials
Capital Outlay
Intergovernmental
Debt Service:
Principal-All (Historical Only)
Principal-Notes
Principal-State Loans
Principal-State Advancements
Principal-HB 264 Loans
Principal-Other
Interest and Fiscal Charges
Other Objects

4.500 Total Expenditures

5.010
5.020
5.030
5.040

Other Financing Uses

Operating Transfers-Out
Advances-Out
All Other Financing Uses
Total Other Financing Uses

5.050 Total Expenditures and Other Financing Uses

$7,613,585
250,000
445,510
1,412,400
896,645
1,042,508
276,767

11,937,415
2,409
69,489
7,364
79,262

12,016,677

Fiscal Year
2010
$7,747,975
150,000
179,181
1,286,612
1,153,580
80,483
1,120,362
255,973

Fiscal Year
Actual 2011
$8,685,258
26,712
1,229,289
1,183,650
103,163
1,184,093
184,432

Average
Change

Fiscal Year
2013

Fiscal Year
2014

Fiscal Year
2015

Fiscal Year
2016

6.6%
-12.4%
2.8%

$8,527,957
14,500
969,029
962,594
1,244,893
240,000

$8,613,237
5,000
1,040,036
941,802
1,315,693
240,000

$8,699,369
1,040,036
854,010
1,380,693
285,000

$8,786,363
1,040,036
836,218
1,445,693
285,000

$8,874,226
1,040,036
818,426
1,510,693
285,000

11,958,973

12,155,768

12,259,108

12,393,310

12,528,382

528
528

-95.3%
35.3%
-82.4%

56,194
53,382
109,577

45,000
15,000
60,000

45,000
15,000
60,000

45,000
15,000
60,000

45,000
15,000
60,000

12,000,448 12,597,125

2.4%

12,068,550

12,215,768

12,319,108

12,453,310

12,588,382

-0.2%
-6.4%
14.3%
-9.7%
124.0%

5,333,550
2,009,017
4,216,961
378,000
149,954
-

5,440,221
2,138,406
4,215,000
293,000
230,000
-

5,549,025
2,278,204
4,215,000
293,000
230,000
-

5,660,006
2,432,833
4,215,000
293,000
230,000
-

5,773,206
2,600,227
4,215,000
293,000
230,000
-

385,000

385,000

385,000

385,000

11,974,166 12,596,597
6,559
19,723
26,282

6.9%
-70.0%
-72.4%

Fiscal Year
2012

-6.7%
15.6%

5,420,521
2,255,133
3,409,611
307,378
41,795
-

5,260,315
1,939,452
4,117,479
241,060
181,035
-

5,394,976
1,964,528
4,441,353
246,499
27,005
-

209,830

278,140

472,373

51.2%

385,000

12,017,481 12,546,734

3.8%

12,472,481

12,701,627

12,950,229

13,215,839

13,496,433

138,531
75,777
214,308

62.5%
40.7%
25.9%

104,430
25,000
129,430

104,430
43,000
147,430

104,430
43,000
147,430

104,430
45,000
149,430

104,430
45,000
149,430

12,152,497 12,761,042

4.0%

12,601,911

12,849,056

13,097,659

13,365,269

13,645,862

11,644,268
54,298
90,666
144,964

11,789,232

104,430
30,586
135,016

RICHMOND HEIGHTS LOCAL SCHOOLS

CUYAHOGA COUNTY

Schedule of Revenues, Expenditures and Changes in Fund Balances

For the Fiscal Years Ended June 30, 2009, 2010, and 2011 Actual
Forecasted Fiscal Years Ending June 30, 2012 Through 2016
October 2011
Fiscal Year
2009

Fiscal Year
2010

Fiscal Year
Actual 2011

Average
Change

Fiscal Year
2012

Fiscal Year
2013

Fiscal Year
2014

Fiscal Year
2015

Fiscal Year
2016

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 Proposed

Renewal/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

391,586

172,509

140,947

-37.1%

404,969-

1,048,257-

1,826,808-

2,738,767-

3,796,248-

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

391,586

172,509

140,947

9.010
9.020
9.030
9.040
9.045
9.050
9.060
9.070

9.080

Reservation of Fund Balance

Textbooks and Instructional Materials
Capital Improvements
Budget Reserve
DPIA
Fiscal Stabilization
Debt Service
Property Tax Advances
Bus Purchases

Subtotal

10.010 Fund Balance June 30 for Certification of Appropriations

11.010
11.020

13.010
13.020

Revenue from Replacement/Renewal Levies

Income Tax - Renewal
Property Tax - Renewal or Replacement

-37.1%

404,969-

1,048,257-

1,826,808-

2,738,767-

3,796,248-

Revenue from New Levies

Income Tax - New
Property Tax - New

13.030 Cumulative Balance of New Levies

14.010 Revenue from Future State Advancements

15.010 Unreserved Fund Balance June 30

ADM Forecasts
Kindergarten - October Count
Grades 1-12 - October Count
State Fiscal Stabilization Funds
21.010 Personal Services SFSF
21.020 Employees Retirement/Insurance Benefits SFSF
21.030
Purchased Services SFSF
20.010
20.015

33
949
-

42
942
$80,483

62
882
$103,163

-37.1%

404,969-

1,048,257-

1,826,808-

37.4%
-3.6%

69
813

57
830

55
840

2,738,767-

3,796,248-

RICHMOND HEIGHTS LOCAL SCHOOLS

CUYAHOGA COUNTY

Schedule of Revenues, Expenditures and Changes in Fund Balances

For the Fiscal Years Ended June 30, 2009, 2010, and 2011 Actual
Forecasted Fiscal Years Ending June 30, 2012 Through 2016
October 2011
Fiscal Year
2009
21.040 Supplies and Materials SFSF
21.050 Capital Outlay SFSF
21.060 Total Expenditures - SFSF

Fiscal Year
2010
-

80,483

Fiscal Year
Actual 2011
103,163

See accompanying summary of significant forecast assumptions and accounting policies

Includes: General fund and any portion of Debt Service fund related to General fund debt

Average
Change

Fiscal Year
2012

Fiscal Year
2013
-

Fiscal Year
2014
-

Fiscal Year
2015
-

Fiscal Year
2016
-

Parameters

SSDT Forecast Spreadsheet: Version 2.01-5

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

School District Name

County
Fiscal Year

RICHMOND HEIGHTS BOARD OF EDUCATION

CUYAHOGA COUNTY
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.

Version 2.01-5

Line

2008
1.01 7562135
1.011
0
1.02
980986
1.03 0
1.035 1341334
1.04
381097
1.045
0
1.05
832301
1.06
448821
1.07
2.01
0
2.02
0
2.04
0
2.05
405385
2.06
58995
2.07
2.08
3.01 6335454
3.02 2297904
3.03 3400438
3.04
407543
3.05
192246
3.06
0
4.01
0
4.02
0
4.03
0
4.04
0
4.05
0
4.055
0
4.06
0
4.3
197859
4.5
5.01
127559
5.02
111600
5.03
1190
5.04
5.05
6.01
7.01 1683552
7.02
8.01
471747
9.01
0
9.02
0
9.03
0
9.04
0
9.045
0
9.05
0
9.06
0
9.07
0
9.08
0
10.01

2009
2010 Avg Chg
2011
7619722 7613585
7681571
100000
250000
831941 445510.3
0
0
0
1311084 1412400
746272 896644.6
0
0
0 75268.96
931824 1042508
334575
276767
0
0
0
0
5731
2409.1
57200 69489.47
13957 7363.46

6041449
2474371
2926494
342716
88415
0
0
0
0
0
0
0
0
207847

5420521
2255133
3409611
307378
41795
0
0
0
0
0
0
0
0
209830

15424
66489
0

54298
90666
0

265891
0
0
0
0
0
0
0
0
0

247773
0
0
0
0
0
0
0
0

0
0

0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0

11.01
11.02
11.3
12.01
13.01
13.02
13.03
14.01
15.01
20.01
20.015
21.010
21.020
21.030
21.040
21.050
21.060

0
0

0
0

0
0

0
0

0
0

0
0

0
0

0
518160

0
0
0
0
0

35
971
0
0
0
0
0

33
949
0
0
0
0
0

75268.96

1036320

1036320

RICHMOND HEIGHTS BOARD OF EDUCATION

CUYAHOGA COUNTY

Summary Forecasted Statement of Revenues, Expenditures and Changes in Fund Balances

For the Fiscal Years Ending June 30, 2011 Through 2015

Forecasted
Historical Annual
Average Change
Revenues
General Property Tax (Real Estate)
Tangible Personal Property Tax
Income Tax
Unrestricted State Grants-in-Aid
Restricted State Grants-in-Aid
Restricted Federal Grants-in-Aid- SFSF
Property Tax Allocation
All Other Revenues

Total Revenues
Other Financing Sources
Proceeds from Sale of Notes
State Emergency Loans and Advancements (Approved)
Operating Transfers-In
Advances-In
All Other Financing Sources
Total Other Financing Sources

Total Revenues and Other Financing Sources

Expenditures
Personal Services
Employees' Retirement/Insurance Benefits
Purchased Services
Supplies and Materials
Capital Outlay
Intergovernmental
Debt Service:
Principal-All (Historical Only)
Principal-Notes
Principal-State Loans
Principal-State Advancements
Principal-HB 264 Loans
Principal-Other
Interest and Fiscal Charges
Other Objects

Total Expenditures
Other Financing Uses
Operating Transfers-Out
Advances-Out
All Other Financing Uses
Total Other Financing Uses

Total Expenditures and Other Financing Uses

Excess of Revenues and Other Financing Sources
over (under) Expenditures and Other Financing Uses

774797500.0%
17918100.0%
0.0%
128661200.0%
115358000.0%
8048300.0%
112036200.0%
25597300.0%

Fiscal Year
2011

1200044800.0%
526031500.0%
193945200.0%
411747900.0%
24106000.0%
18103500.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
27814000.0%
1201748100.0%
10443000.0%
3058600.0%
0.0%
13501600.0%
1215249700.0%

Average Annual
Change

$8,613,237
5,000

$8,699,369

1,229,289
1,183,650
103,163
1,184,093
184,432

969,029
962,594

1,040,036
941,802

1,040,036
854,010

1,244,893
240,000

1,315,693
240,000

1,380,693
285,000

1-

11,958,973

12,155,768

12,259,108 -479337053.0%

3075959954.7%
-500530.1%
0.0%
-362624763.6%
153956684.1%
-25.0%
473113701.4%
-48404282.1%

1-

56,194
53,382

45,000
15,000

45,000
15,000

0.0%
0.0%
0.0%
-1474470.5%
3785544.4%

528
12,597,125

1-

109,577
12,068,550

60,000
12,215,768

60,000
12,319,108

-3323938.3%
124,750,651

5,394,976
1,964,528
4,441,353
246,499
27,005

5,333,550
2,009,017
4,216,961
378,000
149,954

5,440,221
2,138,406
4,215,000
293,000
230,000

5,549,025
2,278,204
4,215,000
293,000
230,000

#############
-790615941.4%
736540884.6%
-97830677.0%
3022414.1%
0.0%

528

472,373

12,546,734
138,531
75,777

214,308
12,761,042

163,917-

63935900.0%

487,310

Cash Balance June 30

48731000.0%

323,393

Estimated Encumbrances June 30

31480100.0%

182,446

Subtotal

Fiscal Year
2015

$8,527,957
14,500

-15204900.0%

Fund Balance June 30 for Certification of

Fiscal Year
2014

$
1-

Cash Balance July 1 - Excluding Proposed

Renewal/Replacement and New Levies

Reservation of Fund Balance

Textbooks and Instructional Materials
Capital Improvements
Budget Reserve
DPIA
Fiscal Stabilization
Debt Service
Property Tax Advances
Bus Purchases

Fiscal Year
2013

$8,685,258
26,712

1197416600.0% 12,596,597
0.0%
0.0%
0.0%
655900.0%
1972300.0%
2628200.0%

Fiscal Year
2012

1-

385,000

385,000

385,000

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
18801028.5%

12,472,481

12,701,627

12,950,229

############

104,430
25,000

104,430
43,000

104,430
43,000

78321.4%
27749.1%
0.0%

129,430
12,601,911

147,430
12,849,056

147,430
13,097,659

106071.3%
96,372

533,362-

633,289-

778,551-

167,675

323,393

209,969-

843,257-

51438106.9%

209,969-

843,257-

1,621,808-

18284072.8%

195,000

205,000

205,000

-65035425.2%

0.0%
0.0%
0.0%
0.0%

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%

0.0%
0.0%
0.0%
0.0%
17250900.0%

0.0%
140,947

404,969-

1,048,257-

1,826,808-

27273581.6%

Revenue from Replacement/Renewal Levies

Income Tax - Renewal
Property Tax - Renewal or Replacement

0.0%
0.0%

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 Levies

Income Tax - New
Property Tax - New

0.0%
0.0%

0.0%
0.0%

Cumulative Balance of New Levies

0.0%

0.0%

Revenue from Future State Advancements

0.0%

Unreserved Fund Balance June 30

ADM Forecasts
Kindergarten - October Count
Grades 1-12 - October Count
State Fiscal Stabilization Funds
Personal Services SFSF
Employees Retirement/Insurance Benefits SFSF
Purchased Services SFSF
Supplies and Materials SFSF
Capital Outlay SFSF

Total Expenditures - SFSF

0.0%

17250900.0%

140,947

4200.0%
94200.0%

62
882

0.000
0.0%
8048300.0%
0.0%
0.0%

404,96969
813

1,048,25757
830

1,826,80855
840

27273581.6%
4551.6%
-572016.8%

103,163

103,163

See accompanying summary of significant forecast assumptions and accounting policies

Includes: General fund, Emergency Levy fund, DPIA fund, Textbook fund and any portion of Debt Service fund related to General fund debt

0.0%
0.0%
-25.0%
0.0%
0.0%
-25.0%

RICHMOND HEIGHTS BOARD OF EDUCATION

CUYAHOGA COUNTY

Schedule of Percentage Changes of Revenues, Expenditures and Changes in Fund Balances

For the Forecasted Fiscal Years Ending June 30, 2011 Through 2015

Forecasted
Historical Annual
Average Change
Revenues
General Property Tax (Real Estate)
Tangible Personal Property Tax
Income Tax
Unrestricted State Grants-in-Aid
Restricted State Grants-in-Aid
Restricted Federal Grants-in-Aid - SFSF
Property Tax Allocation
All Other Revenues

Total Revenues
Other Financing Sources
Proceeds from Sale of Notes
State Emergency Loans and Advancements (Approved)
Operating Transfers-In
Advances-In
All Other Financing Sources
Total Other Financing Sources

Total Revenues and Other Financing Sources

Expenditures
Personal Services
Employees' Retirement/Insurance Benefits
Purchased Services
Supplies and Materials
Capital Outlay
Intergovernmental
Debt Service:
Principal-All (Historical Only)
Principal-Notes
Principal-State Loans
Principal-State Advancements
Principal-HB 264 Loans
Principal-Other
Interest and Fiscal Charges
Other Objects

Total Expenditures
Other Financing Uses
Operating Transfers-Out
Advances-Out
All Other Financing Uses
Total Other Financing Uses

Total Expenditures and Other Financing Uses

Excess of Revenues and Other Financing Sources
over (under) Expenditures and Other Financing Uses

Fiscal Year
2011

774797500.0%
$8,685,258
17918100.0%
26,712
0.0%
128661200.0%
1,229,289
115358000.0%
1,183,650
8048300.0%
103,163
112036200.0%
1,184,093
25597300.0%
184,432
1197416600.0% 12,596,597
0.0%
0.0%
0.0%
655900.0%
1972300.0%
2628200.0%
1200044800.0%
526031500.0%
193945200.0%
411747900.0%
24106000.0%
18103500.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
27814000.0%
1201748100.0%
10443000.0%
3058600.0%
0.0%
13501600.0%
1215249700.0%

Fiscal Year
2012

Percent
Change
$
1-

0.0%
0.0%
0.0%
0.0%
-99.9%

0.0%
0.0%
0.0%
#########
#########

45,000
15,000

0.0%
0.0%
0.0%
-19.9%
-71.9%

45,000
15,000

0.0%
0.0%
0.0%
0.0%
0.0%

109,577 ########
12,068,550 ########

60,000
12,215,768

-45.2%
1.2%

60,000
12,319,108

0.0%
0.8%

#########
#########
#########
#########
#########
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
#########

5,440,221
2,138,406
4,215,000
293,000
230,000

5,549,025
2,278,204
4,215,000
293,000
230,000

385,000

2.0%
6.4%
0.0%
-22.5%
53.4%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%

385,000

2.0%
6.5%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%

12,472,481 ########

12,701,627

1.8%

12,950,229

2.0%

#########
#########
0.0%

104,430
43,000

0.0%
72.0%
0.0%

104,430
43,000

0.0%
0.0%
0.0%

-100.0%
-100.0%

129,430 ########
12,601,911 ########

147,430
12,849,056

13.9%
2.0%

147,430
13,097,659

0.0%
1.9%

-100.0%

533,362- ########

633,289-

18.7%

778,551-

22.9%

-100.0%

323,393 ########

209,969-

-164.9%

843,257-

301.6%

301.6%

1,621,808-

92.3%

205,000

0.0%

1-

1-

-100.2%
-100.0%

5,394,976
1,964,528
4,441,353
246,499
27,005

-100.0%
-100.0%
-100.0%
-100.0%
-100.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
-100.0%

12,546,734

-100.0%
1

214,308
12,761,042

5,333,550
2,009,017
4,216,961
378,000
149,954

385,000

104,430
25,000

1,380,693
285,000

1.0%
-100.0%
0.0%
0.0%
-9.3%
0.0%
4.9%
18.8%

12,155,768

1.6%

12,259,108

0.9%

1,040,036
941,802

-15204900.0%

163,917-

63935900.0%

487,310

Cash Balance June 30

48731000.0%

323,393

-100.0%

209,969- ########

843,257-

Estimated Encumbrances June 30

31480100.0%

182,446

-100.0%

195,000 ########

205,000

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%

Subtotal
Fund Balance June 30 for Certification of

1-

-100.0%
-100.0%
0.0%

56,194
53,382

$8,699,369

1,315,693
240,000

1.0%
-65.5%
0.0%
7.3%
-2.2%
0.0%
5.7%
0.0%

Cash Balance July 1 - Excluding Proposed

Renewal/Replacement and New Levies

Reservation of Fund Balance

Textbooks and Instructional Materials
Capital Improvements
Budget Reserve
DPIA
Fiscal Stabilization
Debt Service
Property Tax Advances
Bus Purchases

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
17250900.0%

140,947

Percent
Change

11,958,973 ########

1,244,893
240,000

$8,613,237
5,000

Fiscal Year
2015

-100.0%

969,029
962,594

#########
#########
0.0%
#########
#########
0.0%
#########
#########

Percent
Change

528

138,531
75,777

Fiscal Year
2014

1-

$8,527,957
14,500

Percent
Change

-100.0%
-100.0%
0.0%
-100.0%
-100.0%
-100.0%
-100.0%
-100.0%

528
12,597,125

472,373

Fiscal Year
2013

0.0%

0.0%

-100.0%

404,969- ########

5.1%

1,040,036
854,010

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%

0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%

0.0%
1,048,257-

158.8%

0.0%
1,826,808-

74.3%

Revenue from Replacement/Renewal Levies

Income Tax - Renewal
Property Tax - Renewal or Replacement

0.0%
0.0%

0.0%
0.0%

0.0%
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%

-100.0%

404,969- ########

Fund Balance June 30 for Certification of Contracts,

Salary Schedules and Other Obligations
17250900.0%

140,947

1,048,257-

158.8%

1,826,808-

74.3%

Revenue from New Levies

Income Tax - New
Property Tax - New

0.0%
0.0%

0.0%
0.0%

0.0%
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%

404,969- ########

Unreserved Fund Balance June 30

ADM Forecasts
Kindergarten - October Count
Grades 1-12 - October Count
State Fiscal Stabilization Funds
Personal Services SFSF
Employees Retirement/Insurance Benefits SFSF
Purchased Services SFSF
Supplies and Materials SFSF
Capital Outlay SFSF

Total Expenditures - SFSF

17250900.0%

140,947

-100.0%

4200.0%
94200.0%

62
882

-99.4%
-100.0%

0.0%
0.0%
8048300.0%
0.0%
0.0%
8048300.0%

69
813

18326.6%
#########

1,048,257-

57
830

158.8%

-17.4%
2.1%

0.0%

1,826,808-

55
840

74.3%

-3.5%
1.2%

103,163

0.0%
0.0%
-100.0%
0.0%
0.0%

0.0%
0.0%
0.0%
0.0%
0.0%

0.0%
0.0%
0.0%
0.0%
0.0%

0.0%
0.0%
0.0%
0.0%
0.0%

103,163

-100.0%

0.0%

0.0%

0.0%

See accompanying summary of significant forecast assumptions and accounting policies

Includes: General fund, Emergency Levy fund, DPIA fund, Textbook fund and any portion of Debt Service fund related to General fund debt