1. Cleveland Municipal School District
Five Year Financial Forecast
May 2009
The primary goal of the Cleveland Municipal School District is to become a premier school district in the United States of America.

2. Cleveland Municipal School District Average Daily Membership
CMSD Count 51,117 47,912 44,497 41,597 39,310
Charter Count 12,814

12. Cleveland Municipal School District May 2009 Five Year Forecast (in millions of dollars)
2008 – 2009
2009 – 2010
2010 – 2011
2011 – 2012
2012 – 2013
Beginning Cash Balance
81.9
47.4
(3.7)
(65.7)
(135.4)
Total Revenues
665.0
551.2
540.0
533.2
525.1
Total Expenses
699.5
602.3
602.0
602.9
Revenue over Expense
(34.5)
(51.1)
(62.0)
(69.7)
(77.2)
Ending Cash Balance
(212.6)
Encumbrances/Reserves
10.0
Unencumbered Balance
37.4
(13.7)
(75.7)
(145.4)
(222.6)

13. Cleveland Municipal School District Major Financial Uncertainties/Assumptions May 2009 Five Year Forecast
There are several uncertainties/assumptions that have the potential to have a significant impact on the District’s financial condition:
1) CMSD Enrollment
Non-Public School Closing
Charter School Enrollment
Economic Conditions
2) Tax Collection Rate and Delinquencies
3) / State Budget
4) July 1, 2009 Wage Increase
5) Unreserved Fund Balance June 30, 2009

14. Cleveland Municipal School District
Five Year Financial Forecast Questions and Review
May 2009
The primary goal of the Cleveland Municipal School District is to become a premier school district in the United States of America.