Milford EVSD Five Year Forecast (General Fund) Fiscal Years 2017 through 2021
Milford EVSD Estimated Revenues Fiscal Years 2017 through 2021
Milford EVSD 2017 • Additional Increase in State Funding • Property Values to Remain Constant • Higher Return on Investments
Milford EVSD 2018-2021 • State Biennial Budget Unknown • Property Values Remain Constant
Milford EVSD Estimated Expenditures Fiscal Years 2017 through 2021
Milford EVSD 2017 Expenditures are within the estimated appropriations for this fiscal year. We are currently trending for a 1.0% savings.
Milford EVSD 2018-2021 Purchased Services – 3% increase for each year • Supplies – 3% increase for each year • Five Year Technology Plan • Continue 1:1 for 7 th grade Ø Continue Refresh Cycle Ø E-Rate (infrastructure) Ø Five Year Curriculum Adoption • Five Year Maintenance Programs •
Projected Five Year Forecast (thousands) Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2017 2018 2019 2020 2021 Beginning Cash Balance $27,715 28,401 28,223 26,613 22,986 Receipts 69,416 69,310 70,310 70,310 70,310 Expenditures 68,730 69,488 71,920 73,937 75,983 Ending Cash $28,401 28,223 26,613 22,986 17,313 Balance
Milford EVSD Revenues and Expenditures $80,000,000 $75,000,000 Revenue and Expenditures $70,000,000 $65,000,000 Revenues $60,000,000 Expenditures $55,000,000 $50,000,000 2014 2015 2016 2017 2018 2019 2020 2021 School Year
Milford EVSD Ending Cash Balance, Five Year Forecast $30,000,000 $25,000,000 Ending Cash Balance $20,000,000 $15,000,000 ending balance $10,000,000 $5,000,000 $- 2014 2015 2016 2017 2018 2019 2020 2021 School Year
Milford EVSD True Days Cash 180 160 140 120 True Days Cash 100 80 60 40 20 0 2014 2015 2016 2017 2018 2019 2020 2021 School Year
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