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Turkish migrants and native Germans compared - IMISCOE Cross ...

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OHIO | GEAUGA COUNTYKenston Local School DistrictAccording to its own five-year projections, the Kenston Local School District will have an ending cash balance in2015 of –$13 million. As shown in the “revised” figures below, by reducing compensation package costs by 10percent <strong>and</strong> limiting future growth to 3.2 percent, the ending cash balance would be $11.8 million.Revenues & ExpendituresIn Millions of Dollars$42Projected RevenueProjected ExpendituresRevised ExpendituresPersonnel CostsAs Percentage of All Revenues110%ProjectedRevisedEnding Cash BalanceIn Millions of Dollars$20ProjectedRevised$39100%$15$10$3690%$5$0$3380%–$5–$10$302008 ’09 ’10 ’11 ’12 ’13 ’14 2015Actual Projected70%2008 ’09 ’10 ’11 ’12 ’13 ’14 2015Actual Projected–$152008 ’09 ’10 ’11 ’12 ’13 ’14 2015Actual ProjectedSchool District DataTotal RevenuesTotal ExpendituresSurplus/DeficitRevised ExpendituresRevised Surplus/DeficitAs % of Total RevenuesPersonnel CostsRevised Personnel CostsEnding Cash BalanceRevised Ending Cash BalanceActualProjected2008 2009 2010 2011 2012 2013 2014 2015$34,109,532 $34,614,832 $33,910,022 $33,962,565 $33,971,009 $33,836,000 $33,405,000 $32,974,000$32,936,248 $33,326,413 $33,288,225 $34,865,977 $36,406,000 $38,064,000 $39,842,000 $41,729,000$1,173,284 $1,288,419 $621,797 –$903,412 –$2,434,991 –$4,228,000 –$6,437,000 –$8,755,000— — — $30,958,637 $32,045,172 $33,167,281 $34,357,474 $35,598,586— — — $3,003,928 $1,925,837 $668,719 –$952,474 –$2,624,58677.5% 77.9% 80.9% 84.2% 87.8% 92.2% 97.6% 103.5%— — — 72.7% 75.0% 77.7% 81.2% 84.9%$7,876,584 $9,165,003 $9,786,800 $8,883,388 $6,448,397 $2,220,397 –$4,216,603 –$12,971,603— — — $12,790,728 $14,716,565 $15,385,284 $14,432,809 $11,808,224Note: These projections do not reflect all of the anticipated cuts to the state budget that will further impact the projected revenues.Source: Kenston Local School District data provided for the Ohio Department of Education, at http://fyf.oecn.k12.oh.us/ViewForecast.THE BUCKEYE INSTITUTE for PUBLIC POLICY SOLUTIONS

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