Twice a year--once in October and once in May--school districts in Ohio are required to file a five-year forecast with the Ohio Department of Education. Five-year forecasts are simply an evaluation of the prior three years’ financial activity of income and expenses (called historical data), planned income and expenses for the current fiscal year, and then forecasted (estimated) income and expenses for the final four years of the forecast.
A five-year forecast is a good way for the district’s board, treasurer and superintendent to make financial plans for the future of Shawnee Local Schools. A well-prepared forecast will provide a solid method of determining what lies ahead for the future and whether any changes need to be made to current business practices.
Please note there is an accompanying “Assumptions” section to the forecast. The true value of the forecast rests with reading and understanding the assumptions made for the numbers appearing on the actual forecast.
If you have questions regarding the current five-year forecast, please contact the Treasurer’s Office at (419) 998-8033.