The five-year forecast serves as a tool to communicate and assess the financial health of a school district. City, local, exempted village and joint vocational school districts are required to submit five-year forecasts twice annually to the Ohio Department of Education and Workforce (see
Ohio Revised Code 5705.391 and
Ohio Administrative Code 3301-92-04) and may elect to submit additional updates at any time.
Each five-year forecast contains two components: 1) historical and projected financial data and 2) notes to explain any significant changes or “assumptions” a district used to develop the reported financial projections. For more detailed information about five-year forecast content, please visit the “
How to Read a Five-Year Forecast” webpage.