"We've put ourselves in a situation that if the state (funding) does flatline, we'll be OK," Union-Scioto Treasurer John Rose told the board.
is "stable financially, but not without concerns."
A number of factors can influence a school district's finances.
In the case of Union-Scioto
expects state funding to flatline, employee retirement and insurance benefits to increase by more than $2 million by 2016 and open enrollment revenue to dip.
"We have had double-digit increases (to the "other revenue" line item), and that's been due to open enrollment," he
"I don't think we'll see that in the next five years."
Under open enrollment, when a student decides to attend a school district different from the one in which he
lives, the student's state aid money also goes to the new school.
The increase in expenditures, from about $16.6 million in 2011 to about $21 million in 2016, is driven by historical trends and inflationary increases, he
This year, the district will use about $700,000 in federal grant money that must be spent by Sept. 30 to offset the expense of teachers' salaries, he
On the revenue side, an income tax levy that generates more than $1 million annually for the district expires in 2014.
did not figure in the effect of Senate Bill 5 -- the fate of which will be decided as state Issue 2 on the Nov. 8 ballot -- for his
projections because of its unknown fate at the polls.
The issue deals with collective bargaining rights for public employees.
"Anything from Senate Bill 5 wouldn't have an effect on our contracts until 2014," he