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SCENARIOS
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Current
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1) Base Scenario - Current Approved Retirements, no reductionsACTUALBudgetBudgetBudgetBudgetBudget
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FY - 2023FY - 2024FY - 2025FY - 2026FY - 2027FY - 2028
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TOTAL REVENUE$29,906,784$30,473,819$31,137,518$31,697,845$32,198,912$32,936,788
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TOTAL EXPENDITURES$30,488,102$31,644,649$32,086,048$32,374,825$33,020,281$33,710,852
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SURPLUS / DEFICIT-$581,318-$1,170,830-$948,530-$676,980-$821,369-$774,064
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PROJECTED YEAR END FUND BALANCE$4,056,469$2,885,639$1,937,109$1,260,129$438,760-$335,304
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UNSPENT AUTHORIZED BUDGET$4,959,952$3,598,987$2,569,662$1,723,396$933,050$201,095
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UNSPENT AUTHORIZED BUDGET RATIO14.00%10.20%7.40%5.10%2.70%0.60%(5-15%)
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SOLVENCY RATIO12.14%7.93%4.60%2.30%-0.38%-2.81%(7-17%)
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Current
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2) Base Scenario + $1.3 million in reductions over FY 25/26ACTUALBudgetBudgetBudgetBudgetBudget
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FY - 2023FY - 2024FY - 2025FY - 2026FY - 2027FY - 2028
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TOTAL REVENUE$29,906,784$30,473,819$31,137,518$31,697,845$32,198,912$32,936,788
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TOTAL EXPENDITURES$30,488,102$31,644,649$31,555,578$31,538,908$32,165,158$32,836,060
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SURPLUS / DEFICIT-$581,318-$1,170,830-$418,060$158,937$33,754$100,728
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PROJECTED YEAR END FUND BALANCE$4,056,469$2,885,639$2,467,579$2,626,516$2,660,270$2,760,998
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UNSPENT AUTHORIZED BUDGET$4,959,952$3,598,987$3,100,132$3,089,783$3,154,559$3,297,396
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UNSPENT AUTHORIZED BUDGET RATIO14.00%10.20%8.90%8.90%8.90%9.10%(5-15%)
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SOLVENCY RATIO12.14%7.93%6.50%7.10%7.40%7.80%(7-17%)
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Current
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3) Scenario 2 + loss of additional 60 students over FY25/26ACTUALBudgetBudgetBudgetBudgetBudget
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FY - 2023FY - 2024FY - 2025FY - 2026FY - 2027FY - 2028
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TOTAL REVENUE$29,906,784$30,473,819$31,137,518$31,572,735$31,845,635$32,322,368
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TOTAL EXPENDITURES$30,488,102$31,644,649$31,555,578$31,504,629$32,064,828$32,727,490
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SURPLUS / DEFICIT-$581,318-$1,170,830-$418,060$68,106-$219,193-$405,122
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PROJECTED YEAR END FUND BALANCE$4,056,469$2,885,639$2,467,579$2,535,685$2,316,492$1,911,370
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UNSPENT AUTHORIZED BUDGET$4,959,952$3,598,987$3,100,132$2,994,694$2,794,969$2,399,316
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UNSPENT AUTHORIZED BUDGET RATIO14.00%10.20%8.90%8.70%8.00%6.80%(5-15%)
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SOLVENCY RATIO12.14%7.93%6.37%6.50%5.73%4.35%(7-17%)
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Current
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4) Scenario 3 + $1.7 million in reductions over FY 25/26ACTUALBudgetBudgetBudgetBudgetBudget
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FY - 2023FY - 2024FY - 2025FY - 2026FY - 2027FY - 2028
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TOTAL REVENUE$29,906,784$30,473,819$31,137,518$31,572,735$31,845,635$32,322,368
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TOTAL EXPENDITURES$30,488,102$31,644,649$31,555,578$31,272,997$31,827,827$32,484,992
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SURPLUS / DEFICIT-$581,318-$1,170,830-$418,060$299,738$17,808-$162,624
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PROJECTED YEAR END FUND BALANCE$4,056,469$2,885,639$2,467,579$2,767,317$2,785,125$2,622,501
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UNSPENT AUTHORIZED BUDGET$4,959,952$3,598,987$3,100,132$3,226,327$3,263,602$3,110,447
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UNSPENT AUTHORIZED BUDGET RATIO14.00%10.20%8.90%9.40%9.30%8.70%(5-15%)
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SOLVENCY RATIO12.14%7.93%6.37%7.26%7.26%6.63%(7-17%)
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