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Milford EVSD
Five Year Forecast (General Fund)
Fiscal Years 2016 through 2020
Milford EVSD
Estimated Revenues
Fiscal Years 2016 through 2020
Milford EVSD
Funding Formula and HB64
Milford EVSD
Five Year Forecast Scenario A
Fiscal Years 2016 through 2020
Revenues (Scenario A) (thousands) FY16 FY17 FY18 FY19 FY20
General Property Tax (Real Estate) $35,428 35,428 35,428 35,428 35,428
Unrestricted Grants-in-Aid $20,522 22,051 22,050 22,051 22,051
Restricted Grants-in-Aid $759 750 750 750 750
Property Tax Allocation $5,004 4,560 4,560 4,560 4,560
All other Revenues $5,152 5,140 5,140 6,140 6,140
Transfer $195
Total Revenues $67,060 $67,929 $67,928 $68,929 $68,929
Milford EVSD
Estimated Expenditures
Fiscal Years 2016 through 2020
Expenditures (Scenario A)
(thousands) FY16 FY17 FY18 FY19 FY20
Personal Services $33,429 34,769 35,648 36,547 37,468
Employees’ Retirement/Insurance Benefits $12,787 13,183 13,891 14,632 15,406
Purchased Services $13,909 14,660 15,272 15,963 16,724
Supplies & Materials $2,643 2,552 2,518 2,624 2,703
Capital Outlay $510 466 466 466 466
Other Objects $1,047 900 900 900 900
Total Expenditures $64,325 $66,530 $68,695 $71,132
$73,667
FIVE YEAR FORECAST
2016 2017 2018 2019 2020
EagleWeather.com
Sunny with a high in the
mid 80’s
Sunny with a high of 90
Sunny with a high in the
low 80’s
Mostly Sunny to partly
cloudy with a high of 75
Partly cloudy with some sun with a high in the
mid 50’s
Projected Five Year Forecast Scenario A (thousands)
Fiscal Year 2016
Fiscal Year 2017
Fiscal Year 2018
Fiscal Year 2019
Fiscal Year 2020
Beginning Cash Balance
$21,207 23,942 25,341 24,574 22,371
Receipts 67,060 67,929 67,928 68,929 68,929
Expenditures 64,325 66,530
68,695
71,132 73,667
Ending Cash Balance
$23,942 $25,341 $24,574 $22,371 $17,633
Milford EVSD
Five Year Forecast Scenario B
Fiscal Years 2016 through 2020
Revenues (Scenario B) (thousands) FY16 FY17 FY18 FY19 FY20
General Property Tax (Real Estate) $35,428 35,428 35,428 35,428 35,428
Unrestricted Grants-in-Aid $20,522 22,051 22,050 22,050 22,051
Restricted Grants-in-Aid $759 750 750 750 750
Property Tax Allocation $5,004 4,560 4,560 4,560 4,560
All other Revenues $5,152 5,140 5,140 6,140 6,140
Transfer $195
Total Revenues $67,060 $67,929 $67,928 $68,928 $68,929
Expenditures (Scenario B)
(thousands) FY16 FY17 FY18 FY19 FY20
Personal Services $33,429 34,769 35,648 36,547 37,468
Employees’ Retirement/Insurance Benefits $12,787 13,183 13,890 14,631 15,406
Purchased Services $13,909 14,660 15,272 15,963 16,724
Supplies & Materials $2,643 2,802 2,776 2,889 2,976
Capital Outlay $510 716 716 716 716
Other Objects $1,047 900 900 900 900
Total Expenditures $64,325 $67,030 $69,202 $71,646
$74,190
Projected Five Year Forecast Scenario B (thousands)
Fiscal Year 2016
Fiscal Year 2017
Fiscal Year 2018
Fiscal Year 2019
Fiscal Year 2020
Beginning Cash Balance
$21,207 23,942 24,841 23,567 20,849
Receipts 67,060 67,929 67,928 68,928 68,929
Expenditures 64,325 67,030 69,202
71,646 74,190
Ending Cash Balance
$23,942 $24,841 $23,567 $20,849 $15,588
