Ottawa-Glandorf Local School District-Putnam County Five-Year Forecast 2026-2030
This document outlines the Five-Year Forecast for the Ottawa-Glandorf Local School District's General Fund, presenting actual financial data for fiscal years 2023-2025 and projections for 2026-2030. It functions as a critical tool for long-range planning, addressing financial stability, compliance, and potential challenges. The plan details key revenue sources, including real estate taxes, public utility personal property taxes, income tax, and state foundation funding, alongside expenditure categories such as wages, fringe benefits, purchased services, supplies, materials, and equipment. It also emphasizes significant financial risks from new property tax legislation (HB129, HB186, HB309, HB335) and future state budget impacts, underscoring the need for proactive financial management to ensure positive cash balances.