| Worthington City Schools | |||||||||||
| Revisions to the Oct 18, 2007 Forecast | |||||||||||
| Revised 5/8/08 | |||||||||||
| 1. Tax revenue has been changed to reflect the telephone tangible changes | |||||||||||
| FY08 | FY09 | FY10 | FY11 | FY12 | |||||||
| Original | 96,761,549 | 90,431,944 | 92,017,209 | 92,593,136 | 90,474,908 | ||||||
| Revised | 96,650,889 | 89,206,522 | 91,009,401 | 91,254,854 | 88,655,140 | ||||||
| Save (Cost) | -110,660 | -1,225,422 | -1,007,808 | -1,338,282 | -1,819,768 | ||||||
| 2. State revenue has been changed to reflect current known data. | |||||||||||
| FY08 | FY09 | FY10 | FY11 | FY12 | |||||||
| Original | 16,189,566 | 15,783,496 | 15,783,496 | 15,783,496 | 15,783,496 | ||||||
| Revised | 16,125,062 | 15,941,702 | 15,941,702 | 15,941,702 | 15,941,702 | ||||||
| Save (Cost) | -64,504 | 158,206 | 158,206 | 158,206 | 158,206 | ||||||
| 3. Transfers out have been changed to accurately reflect the general fund debt obligation | |||||||||||
| FY08 | FY09 | FY10 | FY11 | FY12 | |||||||
| Original | 749,500 | 771,000 | 796,000 | 817,000 | 835,000 | ||||||
| Revised | 749,500 | 942,302 | 966,108 | 1,011,865 | 1,050,087 | ||||||
| 0 | -171,302 | -170,108 | -194,865 | -215,087 | |||||||
| 4. Staffing plan changes from Melissa & I. | |||||||||||
| FY08 | FY09 | FY10 | FY11 | FY12 | |||||||
| Original | 92,991,751 | 99,547,750 | 104,468,571 | 110,557,581 | 117,268,568 | ||||||
| Revised | 92,693,412 | 98,701,337 | 103,289,604 | 109,010,179 | 115,245,660 | ||||||
| Save (Cost) | 298,339 | 846,413 | 1,178,967 | 1,547,402 | 2,022,908 | ||||||
| 5. Decrease 400 - 800 Objects for cost shifting to bond issue and budget changes | |||||||||||
| FY08 | FY09 | FY10 | FY11 | FY12 | |||||||
| Original | 13,032,304 | 13,586,311 | 14,165,091 | 14,769,793 | 15,401,623 | ||||||
| Revised | 13,044,010 | 13,503,661 | 14,087,440 | 14,697,666 | 15,335,578 | ||||||
| Save (Cost) | -11,706 | 82,650 | 77,651 | 72,127 | 66,045 | ||||||
| 6. Reduced health insurance inflation figure for 2008 due to projected savings | |||||||||||
| FY08 | FY09 | FY10 | FY11 | FY12 | |||||||
| Original | 23,093,191 | 26,195,279 | 28,888,771 | 32,113,670 | 35,837,814 | ||||||
| Revised | 22,774,037 | 25,804,277 | 28,395,022 | 31,471,143 | 35,344,169 | ||||||
| Save (Cost) | 319,154 | 391,002 | 493,749 | 642,527 | 493,645 | ||||||
| 7. Add Surcharge cost to forecast | |||||||||||
| FY08 | FY09 | FY10 | FY11 | FY12 | |||||||
| Original | 0 | 0 | 0 | 0 | 0 | ||||||
| Revised | 235,200 | 246,960 | 259,308 | 272,273 | |||||||
| Save (Cost) | 0 | -235,200 | -246,960 | -259,308 | -272,273 | ||||||
| 8. Decrease layer of Encumbrances | |||||||||||
| FY08 | FY09 | FY10 | FY11 | FY12 | |||||||
| Original | 3,418,197 | ||||||||||
| Revised | 2,400,000 | ||||||||||
| Save (Cost) | 1,018,197 | ||||||||||
| Summary | |||||||||||
| FY08 | FY09 | FY10 | FY11 | FY12 | |||||||
| Current Year | 1,448,820 | -153,653 | 483,697 | 627,807 | 433,676 | ||||||
| Cumulative | 1,448,820 | 1,295,167 | 1,778,864 | 2,406,671 | 2,840,347 | ||||||
| Original Balance | $(28,300,811) | ||||||||||
| New balance | $(25,460,464) | ||||||||||
| Check figure | $(25,460,463) | ||||||||||
| $ (1) | |||||||||||