1. CRESTWOOD LOCAL SCHOOL DISTRICT FIVE YEAR FORECAST
May 2018

2. CRESTWOOD LOCAL SCHOOLS FIVE YEAR FORECAST
The five-year forecast was created by the 122nd General Assembly in
via Am. Sub. H.B It serves three primary purposes:
To provide a standardized tool for long range planning at the local level.
To serve as a basis for determining a district’s ability to sign the “412” certificate.
To provide a method for the Ohio Department of Education and the Auditor of State to identify districts headed toward financial difficulties.
Statutorily, we are required to update this model bi-annually. The first filing shall be on or before October 31st and the second filing shall be between April 1st and May 31st of each fiscal year.

3. 2017
Actual
2018
Forecasted
2019
2020
2021
2022
20,764,219
20,366,430
20,036,789
19,950,000

4. 2017
Actual
2018
Forecasted
2019
2020
2021
2022
20,764,219
20,366,430
20,036,789
19,950,000
19,250,000
18,550,000

5. Taxes – Lines 1.010, 1.020, 1.050 2017 Actual 2018 2019 Forecasted
2020
2021
2022
Real Estate
Taxes (1.010)
6,383,434
6,393,408
6,451,789
6,400,000
5,700,000
5,000,000
Public Utility
Taxes (1.020)
653,790
687,447
630,000
620,000
H&R Taxes
(1.050)
1,009,896
1,012,722
1,010,000
1,000,000
Totals
8,047,120
8,093,577
8,091,789
8,020,000
7,320,000
6,620,000

6. Money Received From the State of Ohio – Lines 1.035, 1.040
2017
Actual
2018
Forecasted
2019
2020
2021
2022
Regular Money (1.035)
10,580,671
10,348,790
10,371,000
Restricted Money (1.040)
162,287
175,000
149,000
Totals
10,742,958
10,523,790
10,520,000

8. Historical: Caps and Guarantees
FY14
FY15
FY16
FY17
FY18
Total Funding
$6.60
billion
$7.03
$7.47
$7.77
$7.93
# of Districts Capped
341
236
188
151
191
# of Districts Guaranteed
199
174
131
332

9. TOTAL REVENUE – FY 2018

10. 2017
Actual
2018
Forecasted
2019
2020
2021
2022
20,089,882
20,372,455
19,692,195
20,208,328
20,885,788
21,612,799

11. Payroll & Benefits – Lines 3.010, 3.020
2017
Actual
2018
Forecasted
2019
2020
2021
2022
Payroll
(3.010)
11,141,762
11,181,314
10,744,911
10,835,516
10,922,696
11,147,615
Retirement,
Health Ins,
Work Comp,
Medicare
(3.020)
4,714,187
4,866,344
4,898,974
5,207,037
5,606,073
6,065,499
Totals
15,855,949
16,047,658
15,643,885
16,042,553
16,598,769
17,213,114

12. Other Expenses – Lines 3.030, 3.040, 3.050, 4.050, 4.060, 4.300
2017
Actual
2018
Forecasted
2019
2020
2021
2022
Purchased Services
2,774,423
2,921,840
2,917,785
3,016,990
3,119,567
3,213,154
Supplies
676,312
706,700
688,050
694,931
701,880
708,899
Other
693,115
636,257
442,475
453,855
465,572
477,623
Totals
4,143,850
4,264,797
4,048,310
4,165,775
4,287,019
4,399,685

13. TOTAL EXPENSES – FY 2018

14. Line 6.010 – Current Year Spending
Actual
Forecasted (with emergency levy)
2015
2016
2017
2018
2019
2020
2021
2022
655,949
611,128
674,337
(6,026)
344,594
(258,328)
(935,788)
(1,622,799)

15. Line 12.010 – Cash Balance (Savings Account)
Actual
Forecasted (with emergency levy)
2015
2016
2017
2018
2019
2020
2021
2022
2,896,608
3,459,807
4,208,960
4,256,594
4,601,188
4,342,860
3,407,072
1,744,273

16. SUMMARY Fiscal Year 2022 – Cash Balance (Savings Account) $1.7 Million
This represents 29 days of operating expenses
Deficit spending is still occurring
Biennial Budget Uncertainties
Enrollment Losses
Action Items
Further Cuts
Increase Revenue (Levy)
Consolidation of Buildings
Board / Administrator/ Teachers/ Community – Plan for the Future