Five Year Forecast
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Five Year Forecast
Unencumbered Balance FY 2009 $2,423,293 Unencumbered Balance FY 2010 ($3,664,145) Unencumbered Balance FY 2011 ($10,557,713)
Revenues
Concerns/Issues Tax revenue collection rate decrease
99.50% in FY2008 95.57% in FY2009 State Basic Aid (Statewide) Shortfalls of $640,000,000 in FY 2009 $7,000,000,000 next biennium FY10 & FY11
Revenues
Concerns/Issues (continued) PCSD Renewals – Currently the district must pass (3) different renewals every 5 years. $9,197,860 next renewal before 12/2010 $8,062,500 next renewal before 12/2012 $7,603,000 next renewal before 12/2014
Ohio Lottery $’s
BOE Approved Budget Cuts (personnel/non personnel)
April 2008 Resolution #2008-4-133 (non-personnel) reduced budget $210,000.00 Resolution #2008-4-160 (personnel) reduced budget $2,512,568.74 June 2008 Resolution #2008-6-246 (amended #2008-4-160) reduced budget add’l $9,706.00 October 2008 Resolution #2008-10-484 (non-personnel + transport) reduced budget 487,000.00
Estimated Savings from Consolidation
Personnel (all costs based on averages) Administrators (2) $265,820 Teachers (10) 600,000 Media Specialist (1) 94,789 Secretaries (2) 96,315 Custodians (2) 135,684 Clerks (2) 76,302 Cleaners (2) 68,884 Media Assistants (2) 72,780 Subtotal $1,410,574
Estimated Savings from Consolidation
Utilities Arlington (min $28,897 – max $54,267) Pleasantview (min $22,750 – max $43,047)
Total Savings Utilities Minimum $51,647 Maximum $97,314
Estimated Costs to Consolidate
Annual Expenses (General Fund) Transportation $125,000 (@ 2mi) One Time Expenses (General Fund) Moving 100,000 Contract commitments 2,800 Subtotal One Time Expenses $102,800 ----------------------------------------------------------------+ Contigencies (PI funds) $100,000
Consolidation Savings Summary – Estimated
Estimated Personnel Savings Estimated Utilities Savings (Min.) Annual Estimated Savings Less: Annual Expenses (Transport) Net Annual Estimated Savings Less: One time Consolidation expenses General Fund Total Estimated Savings first year $1,410,574 51,647 $1,462,221 (125,000) $1,337,221
(102,800) $1,234,421