COLUMBUS CITY SCHOOLS
May 2016 Five Year Forecast (FYF) UpdateGeneral Fund and related debt service
– Fiscal Years 2016 – 2020 – Update to October 2015 FYF
Board of Education MeetingMay 3, 2016
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The Five Year Forecast
• Required by 5705.391 of the Ohio Revised
Code
• Adopted by October 31st and updated by
May 31st of each fiscal year.
• Fiscal Year July 1 – June 30
– e.g. FY17 = July 1, 2016 to June 30, 20173
The Process
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The Process
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The Process
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71. Five Year Forecast2. FY17 Annual Appropriations
Public Vetting
Current Data
Program Driven Budget Process
Key Assumptions for FYF
• No New Property Tax Revenue• State Funding Cap Increase = +7.5% for FY18 –
FY20– Encompasses 2 new State budgets yet to be
determined
• Certain Capital Items Pulled Out of Aspirational Non-Personnel Budget For Alternative Funding
• No New Personnel Beyond FY17• Keep FY18 Ending Cash Balance Positive
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FY17-21 Aspirational Non-Personnel Budget Included in FY16-20 FYF Update
• Program Driven• Well-documented• Vetted internally and by FAC• Special Board Meeting March 7th• Basis for FYF (FY16-FY20)• Certain Capital Items Pulled Out
– Identified for possible alternative funding– Greater than $153 million over 5 years
• Mission Critical Capital and Other Non-Personnel Items Retained in FY17 Budget
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Personnel Budget Included in FY16-20 FYF Update
• New FTE (39.5) for FY17 ONLY
• No new staff included in FYF for FY18 – FY20
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Description FTE
Academic Services 9.0
Instructional Assistants 2.5
Special Education 20.0
Early Childhood Education (ECE) 2.0
Custodial 4.0
Transportation 1.0
Human Resources 1.0
Total 39.5
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
$1,000
Actual
Actual
Actual
Forecasted
Forecasted
Forecasted
Forecasted
Forecasted
FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20
Millions
All Other SourcesStateProperty Taxes
$902.7
Revenues
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$798.2
0%10%20%30%40%50%60%70%80%90%100%
Actual
Actual
Actual
Forecasted
Forecasted
Forecasted
Forecasted
Forecasted
FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20
All Other SourcesStateProperty Taxes
Revenues
12
6% All Other Sources
44% State
50% Property Taxes
$0$100$200$300$400$500$600$700$800$900
$1,000Ac
tual
Actual
Actual
Forecasted
Forecasted
Forecasted
Forecasted
Forecasted
FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20
Millions
All Other Expenditures
Comm Schools, Vouchers,Ed Choice, STEMNon‐Personnel
Personnel
Expenditures
13
$812.4$980.5
0%10%20%30%40%50%60%70%80%90%100%
Actual
Actual
Actual
Forecasted
Forecasted
Forecasted
Forecasted
Forecasted
FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20
All Other Expenditures
Comm Schools, Vouchers,Ed Choice, STEMNon‐Personnel
Personnel
Expenditures
14
3% All Other Exp.
21% Comm. Schs., etc.
11% Non-Personnel
65% Personnel
$‐
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000
‐
5,000
10,000
15,000
20,000
25,000
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
$ Pe
r Pup
il
Total Pup
ils
Total PupilsPer Pupil
Community Schools – Forecast Trend
15
ForecastActual
$‐
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
‐
1,000
2,000
3,000
4,000
5,000
6,000
7,0002007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
$ Pe
r Pup
il
Total Pup
ils
Total PupilsPer Pupil
Vouchers – Forecast Trend
16
ForecastActual
0
200
400
600
800
1,000
1,200
Actual
Actual
Actual
Forecasted
Forecasted
Forecasted
Forecasted
ForecastedFY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20
Millions
Total RevenuesTotal Expenditures
Revenues vs. Expenditures
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Ending Cash Balance
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FY13 FY14FY15
FY16
FY17
FY18
FY19
FY20 $(150)
$(100)
$(50)
$‐
$50
$100
$150
$200
Millions
Ending Cash Balance30‐Days Cash
Next Steps
• May 17th Board agenda for adoption• File with ODE• Finalize FY17 Budget / Appropriations Resolution
– All Other Funds Included– Board adoption in June
Questions / Comments
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