Changes between 06-07 and 07-08

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)