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Five Year Forecast

                         
                         
          WAYNE TRACE LOCAL SCHOOL DISTRICT    5 YEAR FORECAST   
            DATED   MAY  2008          
                         
          Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year
          2005 2006 2007 2008 2009 2010 2011 2012
                         
  Revenues:                    
  General Property Tax     $1,229,798 $1,341,629 $1,353,653 $1,378,072 $1,409,003 $1,418,790 $1,436,583 $1,453,893
  Tangible Personal Property Tax   $525,050 $470,944 $459,849 $412,367 $348,719 $295,015 $295,015 $295,015
  Income Tax     $553,393 $1,007,560 $1,309,473 $1,153,158 $1,369,456 $1,376,304 $1,383,185 $1,390,101
  Unrestricted Grant in Aid   $4,342,894 $4,407,696 $4,412,402 $4,445,765 $4,412,035 $4,410,666 $4,550,227 $4,660,163
  Restricted Grant in Aid   $330,755 $353,478 $61,123 $49,503 $49,183 $50,487 $51,790 $57,093
  Property Tax Allocation   $180,613 $195,496 $246,794 $322,886 $375,945 $334,087 $228,151 $225,670
  All Other Revenues     $349,221 $426,144 $887,834 $949,451 $942,642 $951,117 $954,411 $955,761
                         
  TOTAL REVENUE     $7,511,724 $8,202,946 $8,731,128 $8,711,202 $8,906,983 $8,836,466 $8,899,362 $9,037,696
            .            
  Advance Return/Prior Year refunds $114,982 $105,740 $58,134 $30,000 $25,000 $50,000 $25,000 $25,000
  Income Tax Renewal                    
                         
                         
  TOTAL ALL REVENUE   $7,626,706 $8,308,686 $8,789,262 $8,741,202 $8,931,983 $8,886,466 $8,924,362 $9,062,696
                         
  Expenditures:                    
  Personal Services     $3,848,462 $3,828,426 $3,857,378 $4,005,832 $4,162,324 $4,289,589 $4,455,502 $4,595,515
  Employee Retirement/Insurance Benefits $1,324,227 $1,367,106 $1,432,140 $1,518,554 $1,306,456 $1,376,535 $1,467,023 $1,576,286
  Purchased Services     $1,690,052 $1,743,451 $1,641,629 $1,770,157 $1,908,037 $1,998,454 $2,095,494 $2,213,038
  Supplies and Materials   $226,147 $248,961 $289,715 $419,143 $467,606 $493,210 $520,528 $553,512
  Capital Outlay     $11,640 $72,281 $33,749 $32,967 $68,500 $45,000 $45,000 $45,000
                         
  Other Objects     $290,279 $287,340 $309,156 $337,426 $346,820 $360,451 $372,404 $389,506
  Less Other Transfers Out   $97,958  $  193,967 $82,271 $91,768 $346,502 $347,735 $348,973 $350,362
                         
  TOTAL EXPENDITURES   $7,488,765 $7,741,532 $7,646,038 $8,175,847 $8,606,245 $8,910,973 $9,304,925 $9,723,219
                         
                         
                         
  POSITIVE (NEGATIVE) CASH FLOW $137,941 $567,154 $1,143,224 $565,354 $325,738 ($24,507) ($380,563) ($660,523)
                         
  CASH BALANCE JULY 1   $521,543 $659,483 $1,226,638 $2,369,862 $2,935,217 $3,260,955 $3,236,448 $2,855,885
                         
  CARRYOVER BALANCE   $659,483 $1,226,638 $2,369,862 $2,935,217 $3,260,955 $3,236,448 $2,855,885 $2,195,362