Worthington City Schools |
|
|
|
|
|
|
|
|
|
Revisions to
the Oct 18, 2007 Forecast |
|
|
|
|
|
|
|
|
Revised 5/8/08 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1. Tax revenue has been changed to reflect the
telephone tangible changes |
|
|
|
|
|
|
|
FY08 |
FY09 |
FY10 |
FY11 |
FY12 |
|
|
|
|
|
|
Original |
96,761,549 |
90,431,944 |
92,017,209 |
92,593,136 |
90,474,908 |
|
|
|
|
|
|
Revised |
96,650,889 |
89,206,522 |
91,009,401 |
91,254,854 |
88,655,140 |
|
|
|
|
|
|
Save (Cost) |
-110,660 |
-1,225,422 |
-1,007,808 |
-1,338,282 |
-1,819,768 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2. State revenue has been changed to reflect
current known data. |
|
|
|
|
|
|
|
|
FY08 |
FY09 |
FY10 |
FY11 |
FY12 |
|
|
|
|
|
|
Original |
16,189,566 |
15,783,496 |
15,783,496 |
15,783,496 |
15,783,496 |
|
|
|
|
|
|
Revised |
16,125,062 |
15,941,702 |
15,941,702 |
15,941,702 |
15,941,702 |
|
|
|
|
|
|
Save (Cost) |
-64,504 |
158,206 |
158,206 |
158,206 |
158,206 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3. Transfers out have been changed to
accurately reflect the general fund debt obligation |
|
|
|
|
|
|
FY08 |
FY09 |
FY10 |
FY11 |
FY12 |
|
|
|
|
|
|
Original |
749,500 |
771,000 |
796,000 |
817,000 |
835,000 |
|
|
|
|
|
|
Revised |
749,500 |
942,302 |
966,108 |
1,011,865 |
1,050,087 |
|
|
|
|
|
|
|
0 |
-171,302 |
-170,108 |
-194,865 |
-215,087 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4. Staffing plan changes from Melissa & I. |
|
|
|
|
|
|
|
|
|
|
FY08 |
FY09 |
FY10 |
FY11 |
FY12 |
|
|
|
|
|
|
Original |
92,991,751 |
99,547,750 |
104,468,571 |
110,557,581 |
117,268,568 |
|
|
|
|
|
|
Revised |
92,693,412 |
98,701,337 |
103,289,604 |
109,010,179 |
115,245,660 |
|
|
|
|
|
|
Save (Cost) |
298,339 |
846,413 |
1,178,967 |
1,547,402 |
2,022,908 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5. Decrease 400 - 800 Objects for cost
shifting to bond issue and budget changes |
|
|
|
|
|
|
|
FY08 |
FY09 |
FY10 |
FY11 |
FY12 |
|
|
|
|
|
|
Original |
13,032,304 |
13,586,311 |
14,165,091 |
14,769,793 |
15,401,623 |
|
|
|
|
|
|
Revised |
13,044,010 |
13,503,661 |
14,087,440 |
14,697,666 |
15,335,578 |
|
|
|
|
|
|
Save (Cost) |
-11,706 |
82,650 |
77,651 |
72,127 |
66,045 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6. Reduced health insurance inflation figure
for 2008 due to projected savings |
|
|
|
|
|
|
|
FY08 |
FY09 |
FY10 |
FY11 |
FY12 |
|
|
|
|
|
|
Original |
23,093,191 |
26,195,279 |
28,888,771 |
32,113,670 |
35,837,814 |
|
|
|
|
|
|
Revised |
22,774,037 |
25,804,277 |
28,395,022 |
31,471,143 |
35,344,169 |
|
|
|
|
|
|
Save (Cost) |
319,154 |
391,002 |
493,749 |
642,527 |
493,645 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7. Add Surcharge cost to forecast |
|
|
|
|
|
|
|
|
|
|
FY08 |
FY09 |
FY10 |
FY11 |
FY12 |
|
|
|
|
|
|
Original |
0 |
0 |
0 |
0 |
0 |
|
|
|
|
|
|
Revised |
|
235,200 |
246,960 |
259,308 |
272,273 |
|
|
|
|
|
|
Save (Cost) |
0 |
-235,200 |
-246,960 |
-259,308 |
-272,273 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8. Decrease layer of Encumbrances |
|
|
|
|
|
|
|
|
|
|
FY08 |
FY09 |
FY10 |
FY11 |
FY12 |
|
|
|
|
|
|
Original |
3,418,197 |
|
|
|
|
|
|
|
|
|
|
Revised |
2,400,000 |
|
|
|
|
|
|
|
|
|
|
Save (Cost) |
1,018,197 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Summary |
|
|
|
|
|
|
|
|
|
|
|
|
FY08 |
FY09 |
FY10 |
FY11 |
FY12 |
|
|
|
|
|
|
Current Year |
1,448,820 |
-153,653 |
483,697 |
627,807 |
433,676 |
|
|
|
|
|
|
Cumulative |
1,448,820 |
1,295,167 |
1,778,864 |
2,406,671 |
2,840,347 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Original Balance |
|
|
|
$(28,300,811) |
|
|
|
|
|
|
New balance |
|
|
|
$(25,460,464) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Check figure |
|
|
|
|
$(25,460,463) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ (1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|