The five-year forecast is the primary document used to
assess the financial health of a public school in Ohio. The Ohio Department of
Education requires the district to file this report at least twice annually. At
the time of completion, it is an educated prediction of how the district will
financially perform for the current year, as well as four additional years into
the future. This management tool engages district leadership in long range
planning of the financial issues facing the district. It is important to
realize that this document is a tool and is subject to change as time
progresses. Adjustments and changes will inevitably happen between the first
and even the second year, let alone the fifth. One of the most important pieces
to the forecast are the assumptions or notes. These assumptions provide support
and explanation to the numbers.
The May 2020 forecast was presented and approved by the Board of Education prior to the May 5 announcement that Bexley City Schools' state funding for the current fiscal year will be immediately reduced by $635,000. A revised forecast is in progress and will be presented to the Board of Education in the coming weeks.