Every October, the District is legally required to submit a five year financial forecast to the Ohio Department of Education and each May the District is required to submit an update to the forecast. The forecast is accompanied by a detailed list of assumptions that go into the creation of the forecast. Each line of the forecast will have detailed assumptions explaining how the future estimates were calculated. As is always the case, our forecast is a work in progress, especially now with State and local funding both becoming shaky with no previous model to draw upon to predict the economic condition we face now. The forecast is based on assumptions. With the ever changing economy and State budget changes, this forecast has been prepared with the best information available at the time of creation, but should be noted that as the District, community, and State financial situations change, so will the forecast.
It should be of assistance to the reader to review the assumptions in order to fully understand the overall financial forecast for our district. If you would like further information please feel free to contact Lucas M. Ratliff, Treasurer/CFO, of Riverside Local School District.