A five year forecast is a planning document that shows 3 years of historical data and 5 years of projected data related to revenue and expenditures. This document allows stakeholders to evaluate the impact of current spending and the impact of potential financial decisions.
Five year forecasts allows stakeholders, including board of education members, district administrators, and community members to engage in long-range planning and discussions about financial issues facing the district. The five year forecast also helps stakeholders to identify potential deficit spending and plan accordingly.
Five year forecasts are submitted to the Ohio Department of Education twice a year.
Five Year Forecast - May 2023
Five Year Forecast - May 2023 Assumptions
Recognizing the importance of discussing school district finances, the Ohio Department of Education (ODE) has developed this guide to assist teachers, administrators, Boards of Education, community members or other individuals in developing a general understanding of a school district’s five-year forecast.