5 Year Forecast

Use the EMIS 5 Year Forecast page to add and update fiscal projections as EMIS regulations require.

The five-year forecast is a financial projection required by Sub. HB 412. For details or assistance in preparing the forecast, contact the State Auditor's Office or the Office of School Finance. The Auditor's Office maintains a website with the latest HB 412 information.

A five-year forecast is required of all city, local, exempted village school districts and joint vocational (refer to ORC §5705.391 and 3301-92-04 of the Ohio Administrative Code). The five-year forecast consists of three years of historical data, projections for the current year and four ensuing years, the ADM forecast, and a summary of key assumptions. For details or assistance in preparing AMD forecasts, contact your Area Coordinator or the Office of School Finance.

You must submit the initial five-year forecast through EMIS by October 31 of each year (reporting period P). Districts must also submit an updated forecast between April 1 and May 31 of each year. To meet these requirements, you must submit the five-year projections and the forecast notes to EMIS.

The record layout is in standard EMIS format. As the source of this data is likely to be a spreadsheet application, the EMIS Software used by the ITC will also accept this data as a comma-delimited file. The fields required on the Five-Year Forecast Record are described in the Five-Year Forecast sections of the ODE EMIS Manual.

Maintain data

On the start page, select EMIS.
From the EMIS Financial Tables menu, select 5 Year Forecast.
Filter records using the filter criteria. To enter filter criteria:
1. Select an option in the first field.
2. Select or enter a value.
3. Select Add if the button is enabled.
  Refer to Searching for Records for more information.
  - To add a record, select Add Record. Refer to the Field Descriptions and enter valid information in the required fields. Select Save, then Yes.
  - To edit a record, select the ellipsis in the Actions column and then select Edit. Update the information and select Save.
  - To delete a record, select the ellipsis in the Actions column, select Delete, and then select Yes.
  - To download the information, select Download, then select Download PDF or Download as an Excel Document.

Field Descriptions

The EMIS 5 Year Forecast form contains the following sections:

EMIS 5 Year Forecast section

The following table describes the fields in the 5 Year Forecast section of the EMIS 5 Year Forecast form.

Field	Description
Sort Type	The sort type for the record. The valid value is QF. This field cannot be edited.
Fiscal Year	The EMIS fiscal year. The value is retrieved from the Forecast Fiscal Year field on the EMIS Profile page. This field cannot be edited.
Fiscal Period	The period in the fiscal year. The value is retrieved from the Financial Reporting Period field on the EMIS Profile page and converted to the corresponding fiscal period. For example, if the Financial Reporting Period is H - Jul 30, the fiscal period is 7. This field cannot be edited.
Reporting Period	The reporting period in the fiscal year. The valid value is P. This field cannot be edited.
District IRN	The six-digit state-assigned Information Retrieval Number (IRN). The value is retrieved from the District IRN field on the EMIS Profile page. This field cannot be edited.
Line Number	A site-entered value. The line number is expressed as a decimal number. The whole number indicates the major section of the forecast, and the decimal portion indicates the line within the section. For more information about required line numbers, refer to Section 7.2 of the EMIS manual.

Prior Years Actual section

The following table describes the fields in the Prior Years Actual section of the EMIS 5 Year Forecast form.

Field	Description
3 Years Ago	The figures for three years from the past to last year. It must not include the current year’s figures.
2 Years Ago	The figures for two years from the past to last year. It must not include the current year.
Last Year	The figures for the last year. It must not include the current year.
Average Annual Change	The average annual change between the prior year’s actual values. This value is automatically calculated when the fields in this section are entered in order. The formula is: (Year 2 - Year 1) + (Year 3 - Year 2) / 2 This field cannot be edited.

Forecast Amounts section

Forecast amounts for the next five fiscal years. The first value is the amount being forecast for the current fiscal year. The remaining four values contain subsequent fiscal year projections.

The following table describes the fields in the Forecast Amounts section of the EMIS 5 Year Forecast form.

Field	Description
Current Year	The figures for the current fiscal year forecast.
Next Year	The figures for the next fiscal year forecast.
Year Three	The figures for the third future fiscal year forecast.
Year Four	The figures for the fourth future fiscal year forecast.
Year Five	The figures for the fifth future fiscal year forecast.