Chagrin Falls Five Year Forecast for Fiscal Year 2016

District Type: Exempted Village
IRN: 045286
County: Cuyahoga
Date Submitted: 10/28/2015 Date Processed: 10/28/2015
 
Actual Forecasted
Line 2013 2014 2015 2016 2017 2018 2019 2020
1.010 General Property (Real Estate) 19,818,727 21,555,318 21,425,938 21,463,816 21,751,892 21,857,125 21,959,294 22,181,010
1.020 Tangible Personal Property Tax 693,289 792,467 859,921 871,796 907,581 944,350 982,124 1,021,409
1.035 Unrestricted Grants-in-Aid 1,596,645 1,604,928 1,654,391 1,654,391 1,654,391 1,654,391 1,654,391 1,654,391
1.040 Restricted Grants-in-Aid 22,139 183,474 62,708 62,708 62,708 62,708 62,708
1.050 Property Tax Allocation 2,689,814 3,051,489 3,113,828 3,083,339 3,098,289 3,114,096 3,130,322 3,147,736
1.060 All Other Operating Revenue 292,127 557,625 529,633 529,633 529,633 529,633 529,633 529,633
1.070 Total Revenue 25,112,741 27,561,827 27,767,185 27,665,683 28,004,494 28,162,304 28,318,473 28,596,888
2.050 Advances-In 37,322 31,791
2.060 All Other Financial Sources 28,703 96,030
2.070 Total Other Financing Sources 37,322 60,494 96,030
2.080 Total Revenues and Other Financing Sources 25,150,063 27,622,321 27,863,215 27,665,683 28,004,494 28,162,304 28,318,473 28,596,888
3.010 Personnel Services 15,065,410 15,268,937 15,488,364 16,100,000 16,591,767 17,101,767 17,626,767 18,171,767
3.020 Employees' Retirement/Insurance Benefits 4,827,277 5,329,134 5,895,966 6,038,372 6,313,626 7,080,620 7,749,745 8,514,601
3.030 Purchased Services 2,545,245 3,277,890 3,114,890 3,251,668 3,348,269 3,447,801 3,550,356 3,656,025
3.040 Supplies and Materials 765,849 592,429 587,512 686,992 698,961 711,154 723,577 736,233
3.050 Capital Outlay 151,362 348,212 165,300 362,259 349,504 356,494 363,624 370,897
4.010 Debt Service: All Principal (Historical) 170,170 160,000 190,000
4.050 Debt Service: Principal - HB 264 Loans 170,000 165,000 160,000 155,000 150,000
4.060 Debt Service: Interest and Fiscal Charges 16,638 27,364 20,000 17,000 16,000 15,000
4.300 Other Objects 440,561 470,296 473,916 478,655 483,442 488,276 493,159 493,159
4.500 Total Expenditures 23,965,874 25,463,536 25,943,312 27,107,946 27,967,568 29,362,113 30,677,227 32,092,682
5.010 Operational Transfers - Out 424,400 764,400 630,494 464,900 464,900 464,900 464,900 464,900
5.020 Advances - Out 31,791
5.040 Total Other Financing Uses 456,191 764,400 630,494 464,900 464,900 464,900 464,900 464,900
5.050 Total Expenditure and Other Financing Uses 24,422,065 26,227,936 26,573,806 27,572,846 28,432,468 29,827,013 31,142,127 32,557,582
6.010 Excess Rev & Oth Financing Sources over(under) Exp & Oth Financing 727,998 1,394,385 1,289,409 92,837 (427,974) (1,664,709) (2,823,654) (3,960,694)
7.010 Beginning Cash Balance 6,853,881 7,581,879 8,976,264 10,265,673 10,358,510 9,930,536 8,265,827 5,442,173
7.020 Ending Cash Balance 7,581,879 8,976,264 10,265,673 10,358,510 9,930,536 8,265,827 5,442,173 1,481,479
8.010 Outstanding Encumbrances 223,129 55,943 124,353
10.010 Fund Balance June 30 for Certification of Appropriations 7,358,750 8,920,321 10,141,320 10,358,510 9,930,536 8,265,827 5,442,173 1,481,479
12.010 Fund Bal June 30 for Cert of Contracts,Salary Sched,Oth Obligations 7,358,750 8,920,321 10,141,320 10,358,510 9,930,536 8,265,827 5,442,173 1,481,479
15.010 Unreserved Fund Balance June 30 7,358,750 8,920,321 10,141,320 10,358,510 9,930,536 8,265,827 5,442,173 1,481,479
 
 
Notes to the Five Year Forecast
 
 
"Please visit the Ohio Department of Education website at
ftp://ftp.ode.state.oh.us/geodoc/5-yrForecast/."

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