Salt Creek SD #48.

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Presentation transcript:

Salt Creek SD #48

Forecast5 Analytics, Inc. A powerful financial planning tool that can be used for: Development of a multi-year financial plan Scenario comparisons and “what-if” analysis Detailed budget and performance analysis Budget preparation and upload to accounting system Budget distribution and stakeholder reporting 2/23/2019 Forecast5 Analytics, Inc.

Forecast5 Analytics, Inc. Data Elements Annual Financial Reports (AFRs) for the past five years FY19 Budget - Base for financial projections Historical Tax Extension Reports History of Equalized Assessed Valuations / New Construction Current & projected staffing 2/23/2019 Forecast5 Analytics, Inc.

Revenue Budget FY 2019 Budget Revenue by Source – Operating Funds Budget Total = $11,942,580 Operating Funds – Education, Operations & Maintenance, Transportation, Illinois Municipal Retirement, and Working Cash Funds 2/23/2019 Forecast5 Analytics, Inc.

Local Revenue: Tax Base Assumptions 2/23/2019 Forecast5 Analytics, Inc.

Local Revenue: Tax Base Assumptions 2/23/2019 Forecast5 Analytics, Inc.

Forecast5 Analytics, Inc. Key Revenue Assumptions Revenue – Sensitivity Tax Levy: CPI 1%  ≈ +/- $90 thousand New Property: $1 million  ≈ +/- $14,000 2/23/2019 Forecast5 Analytics, Inc.

Forecast5 Analytics, Inc. Key Revenue Assumptions All other local revenues: Projected at current FY19 budgeted levels 2/23/2019 Forecast5 Analytics, Inc.

Revenue Assumptions – State & Federal Key Revenue Assumptions Revenue Assumptions – State & Federal State Revenue Evidence Based Funding (EBF) Tier 4 - Flat funding for projections Other State Grants Flat funding for projections Federal Revenue projected at current FY19 budgeted levels 2/23/2019 Forecast5 Analytics, Inc.

Expense Budget FY 2019 Budget Expenditures by Object – Operating Funds Budget Total = $11,550,978 Operating Funds – Education, Operations & Maintenance, Transportation, Illinois Municipal Retirement, and Working Cash Funds 2/23/2019 Forecast5 Analytics, Inc.

Forecast5 Analytics, Inc. Key Expenditure Assumptions Salaries All Employees 3.0% - 3.5% annual increases Benefits 4% annual increases for health benefits Purchased Services, Supplies, Capital Outlay, Other CPI annual increases 2/23/2019 Forecast5 Analytics, Inc.

Additional Assumptions and Potential Budget Threats Other Assumptions Additional Assumptions and Potential Budget Threats No change to PTELL (Tax Cap) legislation FY19 Budget is accurate base for projections 2/23/2019 Forecast5 Analytics, Inc.

Education Fund Revenue and Expenditure Projections 2/23/2019 Forecast5 Analytics, Inc.

O&M Fund Revenue and Expenditure Projections 2/23/2019 Forecast5 Analytics, Inc.

Transportation Fund Revenue and Expenditure Projections 2/23/2019 Forecast5 Analytics, Inc.

Aggregate Revenue and Expenditure Projections 2/23/2019 Forecast5 Analytics, Inc.

Eleven Year Perspective 2/23/2019 Forecast5 Analytics, Inc.