Worthington Schools

Financial Data

 

This page provides a repository for financial data about the Worthington School District. All of the information gathered is public data and easily accessible if you know where to look, however, if you don't know where to look, it can be maddening to try and find. On this page, I will include detailed information about state funding, local funding, forecasts and spending. As always, if you have any questions about any of this data, please feel free to contact me.

 

The first data elements provided are the district's long form five year forecast and the district's SF3 as provided by the state department of education. The 5 year forecast is approved by the board of education twice a year, usually in May and in October, while the SF3 form is done monthly, although it does not change much over time. The Date column will reflect the approval date of a new five year forecast. The SF3 column will then refer to the current SF3 as of the date of the forecast approval. A change link is also provided so Worthington residents can keep track of changes between forecast versions.  Starting with the 2009-2010 school year, the SF3 has been replaced by the PASS form, a change necessitated by HB1 and Governor Strickland’s education reform package. The PASS manual has detailed information about the new funding formula. Starting with the 2011-2012 school year, the Evidence Based Model has been repealed and state funding is covered by a “bridge” formula pending Governor Kasich’s school funding formula which will take effect for the 2013-2014 school year.

 

The district produces a comprehensive budget document for the upcoming school year each June. The document describes revenues and expenditures for all funds, not just the general fund.  The Consolidated Annual Financial Report (CAFR), on the other hand, is a rear-view mirror look at the year just passed.

 

Date

5 Year Forecast /Notes

5 Year Forecast Notes

SF3 (State Funding)/PASS

SF3/PASS  Explained

Budget Document

CAFR

Miscellaneous

May 2017

Forecast

Changes

State Funding FY18 Formula

 

FY18 Comprehensive Budget

FY16 CAFR

 

 

October 2016

Forecast

Changes

State Funding FY18 Formula

 

 

 

 

May 2016

Forecast

Changes

State Funding FY17 Formula

 

FY17 Comprehensive Budget

FY15 CAFR

Effective FY16, the state no longer feels a manual is required.

October 2015

Forecast

Changes

State Funding FY17 Formula

 

 

 

 

May 2015

Forecast

Assumptions    Changes

HB59 Formula

Manual

FY16 Comprehensive Budget

FY14 CAFR

 

October 2014

Forecast

Assumptions    Changes  (Draft)

HB59 Formula

Manual

 

 

 

May 28, 2014

Forecast

Assumptions    Changes

HB59 Formula

Manual

FY15 Comprehensive Budget

FY13 CAFR

 

October 28, 2013

Forecast

Assumptions    Changes (Draft)

HB59 Formula

Manual

 

 

 

May 20, 2013

Forecast

Assumptions    Changes

Bridge

Manual

FY14 Comprehensive Budget

 

2012 Bond Issue Official Statement

2013 Rating Agency Reports

October 22, 2012

Forecast

Assumptions    Changes

Bridge

Manual

 

 

 

May 21, 2012

Forecast

Assumptions    Changes

BRIDGE (05/21/12)

Manual

FY13 Comprehensive Budget

FY12 CAFR

 

October 24, 2011

Forecast

Assumptions    Changes

BRIDGE

Manual

 

 

 

October 25, 2010

Forecast

Assumptions    Changes

PASS (10/25/2010)

Manual  (Summary / Detail )

 

 

 

May 10, 2010

Forecast

Assumptions    Changes

PASS (05/10/2010)

Manual  (Summary / Detail )

 

 

 

October 26, 2009

Forecast

Included in Forecast

PASS (09/2009)

Manual  (Summary / Detail )

 

 

 

December 8, 2008 (Filed in Oct)

Forecast

Notes

SF3 (12/08/08)

Manual

 

 

 

May 21, 2008

Forecast

                   Changes

SF3   (6/2008)

Manual

 

 

 

October 22, 2007

Forecast

Notes

SF3  (10/22/2007)

Manual

 

 

 

May 21, 2007

Forecast

Notes        Changes

SF3 (06/05/07)

Manual

 

 

 

December 11, 2006

Forecast

Notes

SF3 (12/02/06)

Manual

 

 

 

October 30, 2006

Forecast

Notes

SF3 (11/2006)

Manual

 

 

 

January 23, 2006 (filed in May)

Forecast

 

SF3 (01/06/06)

Manual