Wednesday, April 23, 2014

Five Year Forecast

Here is the Five Year Forecast that will be presented at the next regular meeting to the School Board by Treasurer Brian Wilson.

click to enlarge
The changes are slight from the last forecast, approved October 2013, and shows a small increase in the projected FY18 end of year cash balance. It shows us in good shape to be able to wait until 2015 before asking the voters for another levy, my estimate around 5 to 5.5 mills. We could even wait another year, but that would demand a levy in excess of 8 mills to fund.

It might be worth reviewing the article I wrote in 2011 about the four big Budget Knobs, those being: 1) our cash reserve balance; 2) our spending rate growth, 3) when we want the next levy to be on the ballot, and 4) how large we should plan for that levy to be.

One of the unfortunate side effects of losing the old domain is any of the links in the blog which refer to that domain are now broken. I'll experiment with fixing that when I have a chance. Sorry for the aggravation.

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