| Course Name | Speaker(s) | Hours Available | |
|---|---|---|---|
| Local Revenue Projections | Matt Bunting, Consultant, Public Finance Resources, Inc., Stacy Overly, Consultant, Public Finance Resources, Inc. | 2 | View |
| Course Name | Speaker(s) | Hours Available | |
|---|---|---|---|
| State Formula Funding | Matt Bunting, Consultant, Public Finance Resources, Inc., Stacy Overly, Consultant, Public Finance Resources, Inc. | 2 | View |
Local funding, i.e. property and income taxes, is one of the
two major sources of revenue that Ohio school districts receive and need to manage their cash flow to –
especially given the cyclical nature of this type of revenue source. In this session, Matt Bunting and Stacy Overly, Senior Analytics Advisors at Forecast5
Analytics (Formerly PFR), will provide information on local economic indicators and assist school district treasurers in
making reliable property tax estimates for the fiscal year. Items to be covered in this session are:
Real estate tax abstract – overview and what story is it telling for your district?
Valuations – what’s going on around the state and locally? How will the changes to the CAUV
program impact you? What to model going forward.
Tax rates – what has been happening to your tax rates? HB 920 impact, and how tax rates respond to
modeled valuation changes. How do thinks looking in future years, and overall impact to revenue?
Tax settlement sheets – what are your tax settlement sheets telling you, or omitting? – advances,
delinquencies, refunds, exemptions, rollback and homestead reimbursement, and year-over-year
change analysis.
Putting it altogether – making future year projections, including impact analysis and modeling.
Public utility and property tax allocation – review and revenue projections
Income tax – review and revenue projections, plus statewide and local trend discussion
Tax revenue estimates are then used to update cash flow projections for current and future fiscal years, which
will then give the district treasurers a reliable picture of the ‘ebb and flow’ of their revenue in which they
need to manage their districts to. This data will also lend well to income tax cash flow projections to be
discussed later on in the seminar.
This session will increase the attendee’s working knowledge of
local property tax collections, including local economic indicators that should be incorporated in to the
treasurer’s forecasted property tax estimates and ultimately the timing and amount of cash flow projections
for the year. Reliable cash flow projections are necessary for effective cash management by the school
district, as treasurer’s need to ensure that they have enough cash on-hand to meet expenditure or debt
obligations throughout the fiscal year, as well as to identify available funds for investment purposes.
[email protected]
PO Box 1822
Columbus, OH 43216
Phone: (614) 732-5948
Matt Bunting, Consultant, has over 30 years of experience in the public finance sector. This includes 20 years of experience serving as a school district treasurer, and 11 years with the Auditor of State where he led financial, legal compliance, and Federal single audits of government entities. Matt has 15 years providing instruction and training opportunities attended and used by over two hundred of Ohio’s public school treasurers. He holds a Degree in Accounting from Hocking College, and is a Certified Government Financial Manager.
[email protected]
385 Viking Way
Ashville, OH 43103
Phone: (740) 983-5012
Stacy Overly, Consultant, provides direct financial services to public entities. He has over 20 years of experience serving as school district treasurer, including 15 plus years of developing financial forecasting tools, and providing instruction and training opportunities attended and used by over two hundred of Ohio’s public school treasurers. Stacy works with clients to analyze trends and review local economic data to help determine a long-term operating strategy for the organization. He holds his Masters of Business Administration and his Bachelors of Business Administration in Finance from Ohio University.
State funding is one of the two major sources of revenue that
Ohio school districts receive and need to manage their cash flow to. With a new biennial budget set for
released for the FY 2020/2021 school year, it is essential that treasurers understand all the pieces of the
funding formula and how the interaction of those pieces impact the cash they receive as circumstances
change throughout the year. In this session, Matt Bunting and Stacy Overly, Senior Analytics Advisors at Forecast5 Analytics (Formerly PFR), will analyze the components of
the funding formula and how changes in enrollment and economic factors could have a major impact on
projected funding and district wealth ranking. Information to be covered in this session includes:
What changed from the prior formula?
Enrollment – overall trends, count being used, and projections
State funding calculator – how it works, what your amount will be, plus the additional funding for
wellness and poverty rate
Your district’s state funding message
Economic disadvantaged funding
Unrestricted and restricted aid wrap-up
Tangible personal property reimbursement phase-out
Knowing the factors that impact funding, the district CFO will be better prepared to project current and
future year cash flow revenue.
Thorough understanding and working knowledge of how state
funding is calculated for a district is imperative for cash management, as it is one of the two main revenue
sources for Ohio schools. This session will enhance the treasurer’s understanding of the state’s funding
formula for the next two years, and what are important indicators to keep in mind and predict. Accurate cash
flow projections and management are essential to helping ensure the district can meet all of its expenditure
obligations and identifying monies available for investments.
[email protected]
PO Box 1822
Columbus, OH 43216
Phone: (614) 732-5948
Matt Bunting, Consultant, has over 30 years of experience in the public finance sector. This includes 20 years of experience serving as a school district treasurer, and 11 years with the Auditor of State where he led financial, legal compliance, and Federal single audits of government entities. Matt has 15 years providing instruction and training opportunities attended and used by over two hundred of Ohio’s public school treasurers. He holds a Degree in Accounting from Hocking College, and is a Certified Government Financial Manager.
[email protected]
385 Viking Way
Ashville, OH 43103
Phone: (740) 983-5012
Stacy Overly, Consultant, provides direct financial services to public entities. He has over 20 years of experience serving as school district treasurer, including 15 plus years of developing financial forecasting tools, and providing instruction and training opportunities attended and used by over two hundred of Ohio’s public school treasurers. Stacy works with clients to analyze trends and review local economic data to help determine a long-term operating strategy for the organization. He holds his Masters of Business Administration and his Bachelors of Business Administration in Finance from Ohio University.
