5 Year Forecast

The State requires a 5 Year Forecast prepared in October and updated in May to reflect the most current financial position of the District. In an effort to provide information to our residents, my goal is to upload Marlington's Five Year Forecast with assumptions to our website. This will give you the opportunity to see how much revenue is received and from where; also reflecting where these dollars have been spent. In the past, predicting the amount of revenue a school district receives was much simpler, but as the downfall of the economy has occurred, it has become much more difficult. We now have ARRA Funds which are to go away after the 2010-2011 school year; the State is predicting cuts anywhere from 22% - 30% in FY2012; and real estate valuations are decreasing. But like you, we too, are faced with rising costs in utilities, diesel fuel, instructional supplies, etc. As you prepare your household budget, I will be preparing Marlington Local School's budget for next year anticipating a decrease in revenue and increase in expenses. Stay tuned for the forecast will be available in the near future - I need the help of the technology director on this one. As always, I would be happy to anwer any questions you may have. Sandy Moeglin