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Financial Forecasting And Planning

Financial forecasting is the practice of projecting the quantitative impact of trends and changes in a school district’s operating environment on its future operations. It uses current and historical data to predict changes that could impact a school’s status in the future. It is, therefore, an integral part of a school district’s ongoing planning efforts. Although financial forecasting is an ongoing process, it is most important as a component of budget development.

We Don't Need a New Middle School.

They WANT a New Middle School.

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Here is what the Manual of Accounting and Financial Reporting for Pennsylvania

Public Schools has to say about forecasting:

Most districts make a 5 year financial projection

as a matter of course during budget talks.
 

Planning is fiscally responsible.

The district is talking about a building that will
affect district finances for over 20 years and they refuse
to give us a 5 year projection?

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