Reynoldsburg City SchoolsFive-year financial forecast
The state of Ohio requires public school districts to regularly update a five-year financial forecast. Inflation and rising costs - even with no new programs - are expected to draw the district's general fund balance below $3 million by the end of this school year.
Assuming no big changes in revenue patterns, the board of education would have to cut almost $4-million out of the budget in order to stay solvent by the end of the 2009-10 school year.
The Ohio Department of Education provides information about how to read a Five-Year Forecast on its website at the following link:
