May 22, 2013

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District’s 5-year Forecast; nearly $3M deficit in 2017
Written by Nancy Spencer   
Wednesday, October 10, 2012 12:52 PM

nspencer@delphosherald.com

DELPHOS — Delphos City Schools Treasurer Brad Rostorfer will submit the district’s 5-year Forecast to the Allen County Auditor on Oct. 31. This year’s “guess”timation leaves the district with a bottom line of $437,540 on June 30, 2013; $421,291 on June 30, 2014; a negative $194.971 on June 30, 2015; a negative $1,380,124 on June 30, 2016; and a negative $2,801,197 on June 30, 2017.
Rostorfer said the numbers look a little daunting in the latter part of the forecast but a lot can change between now and when those figures will become fact.
“The forecast is just that,” Rostorfer said. “I use historical data and increases to plug these numbers in. They are a guess at what the district will look like five years out.”
Like most school treasurers across the state, Rostorfer hopes state funding will increase.
“That’s really the only big variable on this forecast,” he added. A copy of the forecast is available in the administrative building.
The new Delphos Digital Academy has 37 students, a number that Rostorfer said has the academy operating in the black.
“The digital academy has paid for itself already,” he said. “We also have a few success stories.”
Learn more about the Delphos Digital Academy next week in The Herald.

 

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