1. Salt Creek SD #48

2. 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.

3. 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.

4. 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.

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

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

7. 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.

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

9. 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.

10. 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.

11. 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.

12. 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.

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

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

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

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

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