Tax Budget

Fiscal Year 2027

Presented for Approval: January 13, 2026

HAMILTON COUNTY, OHIO

Office of the Board of Education Indian Hill Exempted Village School District - - Hamilton County	,	2026

To the County Auditor:

The Board of Education of said School District, hereby submits its' annual budget for the year commencing July 1, 2026	for consideration of the County Budget Commission.

President of the Board

NOTE: Tax Budget Prepared Using Estimated 2025 Tax Rates and Preliminary Valuations, revenue estimates could change

Indian Hill Exempted Village School District - - Hamilton County
							
2026
	2027
	TAX BUDGET
								
				FY2026
	1st Half FY2027
		2nd Half FY2027
	1st Half FY2028
		FY2027

				2026
	Calendar Year
	TOTAL
	2027
	Calendar Year
	TOTAL
	TOTAL
	
General Fund Revenue Summary
	1/1/2026
	7/1/2026
	CALENDAR YEAR 2026
	1/1/2027
	7/1/2027
	CALENDAR YEAR 2027
	FISCAL YEAR 2026/2027
	
	Does NOT Include Renewal Levy Proceeds
	6/30/2026
	12/31/2026
		6/30/2027
	12/31/2027
			
				(2)
	(3)
		(4)
	(5)
			
1100 Receipts from Property Taxes
								
	1110
	General Property Tax
	18,223,687.25
	15,418,954.45
	33,642,641.70
	19,232,760.55
	16,895,224.33
	36,127,984.87
	34,651,715.00
	
	1120
	Public Utility Personal Property Tax
	500,842.87
	530,093.60
	1,030,936.47
	545,059.40
	529,535.37
	1,074,594.77
	1,075,153.00
	
Total Taxes
			18,724,530.12
	15,949,048.05
	34,673,578.17
	19,777,819.95
	17,424,759.70
	37,202,579.65
	35,726,868.00
	
	3130
	3131-3133 Property Tax Allocation - R
	1,922,758.38
	1,840,536.23
	3,763,294.62
	2,047,125.77
	2,046,889.07
	4,094,014.83
	3,887,662.00
	
	3135
	State Tangible PP Reimbursement
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
Total Tax Reimbursement from State Sources
	1,922,758.38
	1,840,536.23
	3,763,294.62
	2,047,125.77
	2,046,889.07
	4,094,014.83
	3,887,662.00

Receipts from Income Taxes & T.I.F.
								
	1130
	Income Tax
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
	1880
	Tax Increment Financing Receipts
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
Total Income Taxes & T.I.F. Revenue
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00

3000 Receipts from State Sources
								
	3110
	Unrestricted Grants-In-Aid
	1,535,007.84
	1,454,217.33
	2,989,225.17
	1,454,217.33
	1,471,918.57
	2,926,135.90
	2,908,434.66
	
	3134
	State Electric Dereg Reimbursement
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
	3200
	Restricted Grants-In-Aid
	347,166.00
	350,655.00
	697,821.00
	350,655.00
	350,813.00
	701,468.00
	701,310.00
	
	3190
	Other State Sources
	135,649.16
	128,509.67
	264,158.83
	128,509.67
	130,073.94
	258,583.61
	257,019.34
	
Total State Resources
		2,017,823.00
	1,933,382.00
	3,951,205.00
	1,933,382.00
	1,952,805.50
	3,886,187.50
	3,866,764.00

Receipts from Local Sources
								
	Other
	All Other Revenue
	3,638,702.95
	3,583,515.73
	7,222,218.68
	3,583,515.73
	3,507,427.27
	7,090,943.00
	7,167,031.46

Receipts from Other Financing Sources
								
	Non-Op
	Other Financing Sources
	43,054.82
	42,499.82
	85,554.64
	42,499.82
	42,499.82
	84,999.64
	84,999.64

Total Revenue and Other Funding Sources
	26,346,869.27
	23,348,981.83
	49,695,851.11
	27,384,343.27
	24,974,381.35
	52,358,724.62
	50,733,325.10

						Should balance to the total revenue/receipts from the five-year forecast.
	50,733,325.10

12/31/2025

This 5-year forecast has been updated to reflect recent changes in Ohio law regarding property tax revenue. Expenditures from the Board approved October forecast have not been updated. A forecast will be presented to the Board of Education in February which will reflect the updated revenues shown below and updated expenditures.

Indian Hill Exempted Village School District
Schedule Of Revenue, Expenditures and Changes In Fund Balances Actual and Forecasted Operating Fund
	
	ACTUAL
	FORECASTED
	
	Fiscal Year           Fiscal Year           Fiscal Year 2023                      2024                      2025
	Fiscal Year           Fiscal Year           Fiscal Year            Fiscal Year              Fiscal Year 2026                      2027                      2028                       2029                         2030
	
Revenue:
1.010 - General Property Tax (Real Estate) 1.020 - Public Utility Personal Property 1.030 - Income Tax
1.035 - Unrestricted Grants-in-Aid 1.040 - Restricted Grants-in-Aid
1.045 - Restricted Federal Grants-in-Aid - SFSF 1.050 - State Reimb Prop Tax Credits
1.060 - All Other Operating Revenues
	
29,547,488           30,957,686           32,641,900 802,537                875,284                818,405
-	-	-1,334,754             2,016,991             2,344,511
359,546	567,783	595,373 -                              -                                -
3,239,088             3,409,441             3,583,754 7,471,247             7,119,347             7,402,446
	
32,833,665          34,651,715           36,111,005             36,293,956             36,699,918 987,934             1,075,153             1,074,585                1,105,614                1,136,643
-	-	-	-	-3,341,314             3,165,454             3,203,985                3,328,886                3,367,664
694,332	701,310	701,626	706,819	158,254 -                              -                              -                                 -                                 -
3,651,478             3,887,662             4,105,486                4,127,021                4,170,980 7,277,406             7,167,031             7,014,855                6,917,475                6,924,393
	
1.070 - Total Revenue
	42,754,659	44,946,532	47,386,389
	48,786,129	50,648,325	52,211,542	52,479,771	52,457,852

Other Financing Sources:
2.010 - Proceeds from Sale of Notes
2.020 - State Emergency Loans and Advancements 2.040 - Operating Transfers-In
2.050 - Advances-In
2.060 - All Other Financing Sources 2.070 - Total Other Financing Sources
	
-	-	--	-	--	-	-
1,214,045                   51,817                  34,949 1,550                   43,254                426,228
	
-	-	-	-	--	-	-	-	--	-	-	-	-
36,110                   35,000                   35,000                      35,000                      35,000 50,000                   50,000                   50,000                      50,000                      50,000
	
	1,215,595	95,071	461,177
	86,110	85,000	85,000	85,000	85,000
	
2.080 - Total Revenues and Other Financing Sources
	43,970,253	45,041,603	47,847,565
	48,872,239	50,733,325	52,296,541	52,564,771	52,542,851

Expenditures:
3.010 - Personnel Services
3.020 - Employees' Retirement/Insurance Benefits 3.030 - Purchased Services
3.040 - Supplies and Materials 3.050 - Capital Outlay
3.060 - Intergovernmental

Debt Service:
4.010 - Principal-All Years 4.020 - Principal - Notes 4.030 - Principal - State Loans
4.040 - Principal - State Advances 4.050 - Principal - HB264 Loan 4.055 - Principal - Other
4.060 - Interest and Fiscal Charges 4.300 - Other Objects
	
24,386,913	25,074,379	26,883,133 8,026,066             8,562,333             8,921,832 6,726,430             7,540,029             7,575,975 1,834,178             1,990,925             2,186,375 1,436,637             1,180,031                799,094
-	-	-

-	-	--	-	--	-	--	-	--	-	-
285,000	600,000	655,000 278,365	418,822	401,404 512,611	553,242	584,178
	
26,846,351	27,819,747	28,629,102	28,980,997	29,355,997 9,614,757             9,978,675	10,404,455	10,783,499	11,138,499 8,286,037             8,410,327             8,620,586                8,836,100                9,057,003 2,274,032             2,330,883             2,389,155                2,448,884                2,510,106 1,113,125             1,781,395                831,395                   881,395                   892,413
-	-	-	-	-

-	-	-	-	--	-	-	-	--	-	-	-	--	-	-	-	--	-	-	-	-
670,000	690,000	710,000	730,000	750,000 382,777	363,600	343,776	323,308	302,194 587,080	594,242	603,691	611,777	619,974
	
4.500 - Total Expenditures
	43,486,199	45,919,760	48,006,992
	49,774,160	51,968,871	52,532,160	53,595,961	54,626,187

Other Financing Uses
5.010 - Operating Transfers-Out 5.020 - Advances-Out
5.030 - All Other Financing Uses 5.040 - Total Other Financing Uses
	
553,253                310,000                310,000 51,817                   34,949                  36,110
-	-	-
	
335,000                335,000                335,000                   335,000                   335,000 35,000                   35,000                   35,000                      35,000                      35,000
-	-	-	-	-
	
	605,070	344,949	346,110
	370,000	370,000	370,000	370,000	370,000
	
5.050 - Total Expenditures and Other Financing Uses
	44,091,269	46,264,709	48,353,102
	50,144,160	52,338,871	52,902,160	53,965,961	54,996,187

Excess of Rev & Other Financing Uses Over (Under) 6.010 - Expenditures and Other Financing Uses
			
	(121,016)	(1,223,106)	(505,537)
	(1,271,921)	(1,605,546)	(605,619)	(1,401,190)	(2,453,336)

Cash Balance July 1 - Excluding Proposed Renewal/ 7.010 - Replacement and New Levies
	
16,185,957	16,064,941	14,841,835
	
14,336,298	13,064,377	11,458,831	10,853,212	9,452,022
	
7.020 - Cash Balance June 30
	16,064,941	14,841,835	14,336,298
	13,064,377	11,458,831	10,853,212	9,452,022	6,998,686

8.010 - Estimated Encumbrances June 30

Reservations of Fund Balance:
9.010 - Textbooks and Instructional Materials 9.020 - Capital Improvements
9.030 - Budget Reserve 9.040 - DPIA
9.050 - Debt Service
9.060 - Property Tax Advances 9.070 - Bus Purchases
9.080 - Subtotal
	
-	500,000	500,000

-	-	--	-	--	-	--	-	--	-	--	-	--	-	-
	
500,000	500,000	500,000	500,000	500,000

-	-	-	-	--	-	-	-	--	-	-	-	--	-	-	-	--	-	-	-	--	-	-	-	--	-	-	-	-
	
	-	-	-
	-	-	-	-	-
	
Fund Balance June 30 for Certification 10.010 - of Appropriations
			
	16,064,941	14,341,835	13,836,298
	12,564,377	10,958,831	10,353,212	8,952,022	6,498,686

Rev from Replacement/Renewal Levies 11.010 - Income Tax - Renewal
11.020 - Property Tax - Renewal or Replacement
11.030 - Cumulative Balance of Replacement/Renewal Levies

-	-	-
	
-	-	-	-	-
-                       31,510                   68,343                      76,214                      73,634 -                       31,510                   99,853                   176,067                   249,701
	
Fund Balance June 30 for Certification 12.010 - of Contracts, Salary and Other Obligations
			
	16,064,941	14,341,835	13,836,298
	12,564,377	10,990,341	10,453,065	9,128,089	6,748,387

Revenue from New Levies 13.010 - Income Tax - New 13.020 - Property Tax - New
13.030 - Cumulative Balance of New Levies

14.010 - Revenue from Future State Advancements

-	-	-

-	-	-
	
-	-	-	-	--	-	-	-	--	-	-	-	-

-	-	-	-	-
	
15.010 - Unreserved Fund Balance June 30
	16,064,941	14,341,835	13,836,298
	12,564,377	10,990,341	10,453,065	9,128,089	6,748,387

Five-Year Forecast Approved in October

	
	Indian Hill Exempted Village School District
Schedule Of Revenue, Expenditures and Changes In Fund Balances Actual and Forecasted Operating Fund

### ### ### ### ### ### ###
###
	
		ACTUAL
	FORECASTED
		
		Fiscal Year            Fiscal Year           Fiscal Year 2023                      2024                      2025
	Fiscal Year           Fiscal Year           Fiscal Year             Fiscal Year              Fiscal Year 2026                      2027                      2028                       2029                         2030
		
	Revenue:
1.010 - General Property Tax (Real Estate) 1.020 - Public Utility Personal Property 1.030 - Income Tax
1.035 - Unrestricted Grants-in-Aid 1.040 - Restricted Grants-in-Aid
1.045 - Restricted Federal Grants-in-Aid - SFSF 1.050 - State Share of Local Property Taxes 1.060 - All Other Operating Revenues
	
29,547,488           30,957,686           32,641,900 802,537                875,284                818,405
-	-	-1,334,754             2,016,991             2,344,511
359,546	567,783	595,373 -                              -                                -
3,239,088             3,409,441             3,583,754 7,471,247             7,119,347             7,402,446
	
32,653,152          34,557,787           36,259,413             36,442,941             36,848,794 932,720                968,880                972,501                1,003,592                1,034,683
-	-	-	-	-2,768,354             3,231,091             3,286,498                3,443,581               3,510,825
697,905	705,702	705,848	711,127	715,235 -                              -                              -                                 -                                 -
3,632,064             3,852,023             4,073,059                4,094,660                4,138,834 7,277,406             7,167,031             7,014,855                6,917,475                6,924,393
		
	1.070 - Total Revenue
	42,754,659	44,946,532	47,386,389
	47,961,601	50,482,514	52,312,174	52,613,376	53,172,764
	###

### ### ### ### ### ### ###

### ### ### ### ### ###

### ### ### ### ### ### ### ### ###

### ### ### ### ###

###

###

###

###

### ### ### ### ### ### ### ###

###

### ### ###

###

### ### ###

###

###

Other Financing Sources:
2.010 - Proceeds from Sale of Notes
2.020 - State Emergency Loans and Advancements 2.040 - Operating Transfers-In
2.050 - Advances-In
2.060 - All Other Financing Sources 2.070 - Total Other Financing Sources
	
-	-	--	-	--	-	-
1,214,045                   51,817                  34,949 1,550                   43,254                426,228
	
-	-	-	-	--	-	-	-	--	-	-	-	-
36,110                   35,000                   35,000                      35,000                      35,000 50,000                   50,000                   50,000                      50,000                      50,000
		
		1,215,595	95,071	461,177
	86,110	85,000	85,000	85,000	85,000
		
	2.080 - Total Revenues and Other Financing Sources
	43,970,253	45,041,603	47,847,565
	48,047,711	50,567,514	52,397,173	52,698,376	53,257,763

Expenditures:
3.010 - Personnel Services
3.020 - Employees' Retirement/Insurance Benefits 3.030 - Purchased Services
3.040 - Supplies and Materials 3.050 - Capital Outlay
3.060 - Intergovernmental

Debt Service:
4.010 - Principal-All Years 4.020 - Principal - Notes 4.030 - Principal - State Loans
4.040 - Principal - State Advances 4.050 - Principal - HB264 Loan 4.055 - Principal - Other
4.060 - Interest and Fiscal Charges 4.300 - Other Objects
	
24,386,913	25,074,379	26,883,133 8,026,066             8,562,333             8,921,832 6,726,430             7,540,029             7,575,975 1,834,178             1,990,925             2,186,375 1,436,637             1,180,031                799,094
-	-	-

-	-	--	-	--	-	--	-	--	-	-
285,000	600,000	655,000 278,365	418,822	401,404 512,611	553,242	584,178
	
26,846,351	27,819,747	28,629,102	28,980,997	29,355,997 9,614,757             9,978,675	10,404,455	10,783,499	11,138,499 8,286,037             8,410,327             8,620,586                8,836,100                9,057,003 2,274,032             2,330,883             2,389,155                2,448,884                2,510,106 1,113,125             1,781,395                831,395                   881,395                   892,413
-	-	-	-	-

-	-	-	-	--	-	-	-	--	-	-	-	--	-	-	-	--	-	-	-	-
670,000	690,000	710,000	730,000	750,000 382,777	363,600	343,776	323,308	302,194 587,080	594,242	603,691	611,777	619,974
		
	4.500 - Total Expenditures
	43,486,199	45,919,760	48,006,992
	49,774,160	51,968,871	52,532,160	53,595,961	54,626,187

Other Financing Uses
5.010 - Operating Transfers-Out 5.020 - Advances-Out
5.030 - All Other Financing Uses 5.040 - Total Other Financing Uses
	
553,253                310,000                310,000 51,817                   34,949                  36,110
-	-	-
	
335,000                335,000                335,000                   335,000                   335,000 35,000                   35,000                   35,000                      35,000                      35,000
-	-	-	-	-
		
		605,070	344,949	346,110
	370,000	370,000	370,000	370,000	370,000
		
	5.050 - Total Expenditures and Other Financing Uses
	44,091,269	46,264,709	48,353,102
	50,144,160	52,338,871	52,902,160	53,965,961	54,996,187

	Excess of Rev & Other Financing Uses Over (Under) 6.010 - Expenditures and Other Financing Uses
				
		(121,016)	(1,223,106)	(505,537)
	(2,096,449)	(1,771,357)	(504,987)	(1,267,585)	(1,738,424)

Cash Balance July 1 - Excluding Proposed Renewal/ 7.010 - Replacement and New Levies
	
16,185,957	16,064,941	14,841,835
	
14,336,298	12,239,849	10,468,492	9,963,505	8,695,920
		
	7.020 - Cash Balance June 30
	16,064,941	14,841,835	14,336,298
	12,239,849	10,468,492	9,963,505	8,695,920	6,957,496

8.010 - Estimated Encumbrances June 30

Reservations of Fund Balance:
9.010 - Textbooks and Instructional Materials 9.020 - Capital Improvements
9.030 - Budget Reserve 9.040 - DPIA
9.050 - Debt Service
9.060 - Property Tax Advances 9.070 - Bus Purchases
9.080 - Subtotal
	
-	500,000	500,000

-	-	--	-	--	-	--	-	--	-	--	-	--	-	-
	
500,000	500,000	500,000	500,000	500,000

-	-	-	-	--	-	-	-	--	-	-	-	--	-	-	-	--	-	-	-	--	-	-	-	--	-	-	-	-
		
		-	-	-
	-	-	-	-	-
		
	Fund Balance June 30 for Certification 10.010 - of Appropriations
				
		16,064,941	14,341,835	13,836,298
	11,739,849	9,968,492	9,463,505	8,195,920	6,457,496

Rev from Replacement/Renewal Levies 11.010 - Income Tax - Renewal
11.020 - Property Tax - Renewal or Replacement
11.030 - Cumulative Balance of Replacement/Renewal Levies

-	-	-
	
-	-	-	-	-
-                       54,272                114,060                   122,158                   100,082 -                       54,272                168,332                   290,490                   390,572
		
	Fund Balance June 30 for Certification 12.010 - of Contracts, Salary and Other Obligations
				
		16,064,941	14,341,835	13,836,298
	11,739,849	10,022,764	9,631,837	8,486,410	6,848,068

Revenue from New Levies 13.010 - Income Tax - New 13.020 - Property Tax - New
13.030 - Cumulative Balance of New Levies

14.010 - Revenue from Future State Advancements

-	-	-

-	-	-
	
-	-	-	-	--	-	-	-	--	-	-	-	-

-	-	-	-	-
		
	15.010 - Unreserved Fund Balance June 30
	16,064,941	14,341,835	13,836,298
	11,739,849	10,022,764	9,631,837	8,486,410	6,848,068

	

Indian Hill Exempted Village School District

02
2Fiscal Year 6 October

Five Year Forecast Report

Prepared By: Mick Davis CFO/Treasurer
Indian Hill Exempted Village School District

Forecast5 Analytics ReportWriter Software 2019 ©

Indian Hill Exempted Village School District

Table of Contents

Forecast Summary	3

Forecast Analysis	4

Revenue Overview	5 1.010 - General Property Tax (Real Estate)	6 1.020 - Public Utility Personal Property	7 1.030 - Income Tax	8 1.035 - Unrestricted Grants-in-Aid	9 1.040 & 1.045 - Restricted Grants-in-Aid                                                                                                                              10 1.050 - State Share-Local Property Taxes                                                                                                                             11 1.060 - All Other Operating Revenues                                                                                                                                   12 2.070 - Total Other Financing Sources                                                                                                                                   13

Expenditures Overview	14 3.010 - Personnel Services	15 3.020 - Employee Benefits	16 3.030 - Purchased Services	17 3.040 - Supplies and Materials	18 3.050 - Capital Outlay	19 3.060 - 4.060 - Intergovernmental & Debt	20 4.300 - Other Objects	21 5.040 - Total Other Financing Uses	22

Five Year Forecast	23

Appendix
Financial Health Indicators                                                                                                                                                       24 Current to Prior Forecast Compare                                                                                                                                        25

Forecast Purpose/Objectives

Ohio Department of Education and Workforce's purposes/objectives for the five-year forecast are:

1. To engage the local board of education and the community in the long range planning and discussions of financial issues facing the school district.
2. To serve as a basis for determining the school district's ability to sign the certificate required by O.R.C. §5705.412, commonly known as the "412 certificate."
3. To provide a method for the Department of Education and Auditor of State to identify school districts with potential financial problems.

Forecast Methodology

This forecast is prepared based upon historical trends and current factors. This information is then extrapolated into estimates for subsequent years. The forecast variables can change multiple times throughout the fiscal year, and while cash flow monitoring helps to identify unexpected variances, no process is guaranteed. The intent is to provide the district's financial trend over time and a roadmap for decisions aimed at encouraging financial sustainability and stability.

Forecast5 Analytics ReportWriter Software 2019 ©

0

$60,000,000

Forecast Summary	Indian Hill Exempted Village School District

Projected Revenue, Expenditures, and Cash Balance

$50,000,000

$40,000,000

$30,000,000

$20,000,000

$10,000,000	$7,348,068

$0

2025	2026

Revenue

2027

Expenditures

2028	2029	2030

Cash Balance

Financial Forecast Summary

Financial Forecast Summary

	Fiscal Year                 Fiscal Year                 Fiscal Year 2026                          2027                          2028
	Fiscal Year                 Fiscal Year 2029                          2030

Beginning Balance (Line 7.010)
*Includes Renewal/New Levy Revenue, see Disclosures
	
14,336,298	12,239,849	10,522,764
	
10,131,837	8,986,410
	
+ Revenue
- Expenditures
	48,047,711               50,621,786               52,511,233 (50,144,160)             (52,338,871)             (52,902,160)
	52,820,534               53,357,845 (53,965,961)             (54,996,187)

= Revenue Surplus or Deficit
	
(2,096,449)	(1,717,085)	(390,927)
	
(1,145,427)	(1,638,342)
	
Line 7.020 Ending Balance with Renewal/New Levies
	12,239,849	10,522,764	10,131,837
	8,986,410	7,348,068

Financial Summary Notes
Financial Summary Notes

Expenditure growth is projected to outpace revenue change. By the end of 2030, the cash balance is projected to decline by a total of $6,988,230 compared to 2025. For fiscal year 2030, expenditures are currently projected to exceed revenue, resulting in a revenue shortfall the final year of the forecast period.

For revenue, projected change is expected to be less than the historical average. Over the past five years, revenue increased by 5.01% ($2,045,242 annually). However, it is projected to increase by 2.22% ($1,102,056 annually) through fiscal year 2030. Notably, Real Estate, is expected to be $752,544 less per year compared to history, and is the biggest driver of trend change on the revenue side.

For expenditures, projected change is expected to be at a slower pace than the historical trend. Expenditures increased by 3.56% ($1,387,975 annually) during the past 5-year period, and are projected to increase by 2.62% ($1,328,617 annually) through 2030. The forecast line with the most change on the expense side, Capital Outlay, is anticpated to be $1,080,290 more per year in the projected period compared to historical averages.

It is assumed the District would not renew the current levy based on reaching the 20-mill floor for type I valuation. Type II would not reach the 20-mill floor based on the current estimates but would not yield enough revenue to require a renewal of the current levy.

Disclosure Items:
	2026	2027	2028	2029	2030
	
Modeled Renewal Levies - Annual Amount Modeled New Levies - Annual Amount
Encumbrances (not subtracted from Cash Balance)
	-	54,272	114,060	122,158	100,082 -                                       -                                       -                                       -                                       -
500,000	500,000	500,000	500,000	500,000

3

Forecast5 Analytics ReportWriter Software 2019 ©

projected to change by 2.22%
are projec ed to cha	62%
Su
Revenue
Revenue
Forecast Analysis	Indian Hill Exempted Village School District Revenue Compared to Expenditures

$56

$54

Millions $$$
$52

$50

$48

$46

$44
2025	2026

2027

Total Revenue W/Renewals

2028	2029	2030

Total Expenditures

71%
From 2026 to 2030, total revenues are 16%	projected to change by 2.22%
13%

Expenditure change is expected totoutpace nge by 2.From 2026 to 2030, total expenses are revenue change.	projected to change by 2.62%

Revenue Surplus/(Shortfall) as a Percentage of Revenue

> 10% Revenue Surplus/(Shortfall) as a Percentage of Revenue	Surplus

Current Forecast	2024	2025 Surplus/(Shortfall)                -2.7%                   -1.1%

2026	2027	2028	2029	2030

-4.4%	-3.4%	-.7%	-2.2%	-3.1%

Shortfall > 2% ofrplus

Shortfall > 8% of Revenue
Reve
Shortfall > 2% of Shortfall >15% of nue

Shortfall > 8% of Revenue

Shortfall >15% of Revenue

The district is trending toward revenue shortfall with the expenditures growing faster than revenue.

A revenue increase of 2.17% is needed to balance the budget in fiscal year 2030, or a $1,638,342 reduction in expenditures. - The largest contributor to the projected revenue trend is the change in Real Estate.
- The expenditure most impacting the changing trend is Capital Outlay.

Days Cash on Hand at Fiscal Year-end	Days Cash on Hand at Fiscal Year-end

108

89

73	70
61

49

2025	2026	2027	2028	2029	2030

*based on 365 days

4

Forecast5 Analytics ReportWriter Software 2019 ©

Revenue Overview	Indian Hill Exempted Village School District

15%

Revenue Sources

Local Taxes
Real Estate Tax	67.96% Public Utility Tax                                  1.94% Income Tax                                            0.00%

15%

70%

State Sources
State Funding	5.76% Restricted Aid	1.45% State Share of Local Tax	7.56%

All Other Revenue
Other Revenue                                   15.15% Other Sources                                       0.18%

Annual Revenue Actual + Projected

$54,272	$114,060	$122,158	$100,082

$36,900,503
$40,055,717
$43,970,253
$45,041,603
$47,847,565
$48,047,711
$50,567,514
$52,397,173
$52,698,376
$53,257,763
2021	2022	2023	2024	2025	2026	2027	2028	2029	2030

Renewal Levy Revenue

Historic Revenue Change versus Projected Revenue Change

	Historical Average Annual
$$ Change
	Projected Average Annual
$$ Change
	Projected Compared to Historical Variance
	Over the past five years, revenue increased by 5.01% ($2,045,242 annually). However, it is projected to increase by 2.22% ($1,102,056 annually) through fiscal year 2030. Notably, Real Estate, is expected to be $752,544 less per year compared to history, and is the biggest driver of trend change on the revenue side.
	
Real Estate	$1,601,531	$848,986	($752,544) Public Utility                                                         $43,160                $55,536                    $12,376 Income Tax                                                                      $0                          $0                              $0 State Funding                                                     $281,170	$257,235                 ($23,935) State Share of Local Property Taxes                  $104,240	$111,145                      $6,905 All Othr Op Rev                                                   ($57,978)              ($95,611)                ($37,633) Other Sources                                                      $73,119               ($75,235)	($148,355)
		
Total Average Annual Change                         $2,045,242           $1,102,056               ($943,186) 5.01%                    2.22%                     -2.79%

For Comparison: Expenditure average annual change is projected to be >

$1,328,617 On an annual average basis, expenditures are projected to grow faster than revenue.

5

Forecast5 Analytics ReportWriter Software 2019 ©

Indian Hill Exempted Village School District 1.010 - General Property Tax (Real Estate)
Revenue collected from taxes levied by a school district by the assessed valuation of real property using effective tax rates for class I (residential/agricultural) and class II (business).

Real estate property tax revenue accounts for 67.96% of total district general fund revenue.

67.96%

$25,878	$55,861	$61,469	$38,037

$25,327,151
$27,509,471
$29,547,488
$30,957,686
$32,641,900
$32,653,152
$34,557,787
$36,259,413
$36,442,941
$36,848,794
2021	2022	2023	2024	2025	2026	2027	2028	2029	2030

Renewal Levy Revenue

Key Assumptions & Notes

Values, Tax Rates and Gross Collections
Tax Yr	Valuation	Value Change 2024               1,825,331,750             35,515,610 2025               1,839,156,750             13,825,000 2026               2,047,506,750           208,350,000 2027               2,054,781,750               7,275,000 2028               2,063,531,750               8,750,000 2029               2,103,131,750             39,600,000

Class I Rate 20.05 20.06 20.00 20.04 20.06 20.00

Change	Class 2 Rate	Change
-	21.04	-0.01	21.06                         0.02
(0.06)                      20.34                        (0.72) 0.04                       20.35                         0.01 0.01                       20.37                         0.02 (0.06)                      20.08                        (0.28)

Gross Collection Rate Including Delinquencies 99.1% 98.0% 98.0% 98.0% 98.0% 98.0%

Class I, or residential/agricultural taxes make up approximately 90.41% of the real estate property tax revenue. The Class I tax rate is 20.06 mills in tax year 2025. The district is modeling the renewal of real estate property taxes levies through 2024. The projections reflect an average gross collection rate of 98.0% annually through tax year 2029. The revenue changed at an average annual historical rate of 5.81% and is projected to change at an average annual rate of 2.50% through fiscal year 2030.

If the current 20-mill floor remains in place through the District's next revauluation and current laws stay in place, the District's Type I real estate would increase in relation to the valuation increase. The current assumption is an increase of approximately 11%. This figure is a much lower projection than the last revaluation when the District received a 30% increase. However, it is more in line with current county-wide estimates.

6

Forecast5 Analytics ReportWriter Software 2019 ©

Indian Hill Exempted Village School District

1.020 - Public Utility Personal Property

Revenue generated from public utility personal property valuations multiplied by the district's full voted tax rate.

1.94%	Public Utility Personal Property tax revenue accounts for 1.94% of total district general fund revenue.

$28,393	$57,709	$59,554	$61,399

$567,545
$796,949
$802,537
$875,284
$818,405
$932,720
$968,880
$972,501
$1,003,592
$1,034,683
2021	2022	2023	2024	2025	2026	2027	2028	2029	2030

Renewal Levy Revenue

Key Assumptions & Notes

Values and Tax Rates
Tax Year	Valuation 2024                   21,584,110 2025                   22,334,110 2026                   23,084,110 2027                   23,834,110 2028                   24,584,110 2029                   25,334,110

Value Change 1,534,110
750,000 750,000 750,000 750,000 750,000

Full Voted Rate	Change 45.38                           -45.38                           -45.38                           -45.38                           -45.38                           -45.38                           -

Gross Collection Rate Including Delinquencies 90.3% 96.8% 96.8% 96.8% 96.8% 96.8%

The public utility personal property tax revenue is generated from the personal property values, additions, and depreciation reported by the utility companies. The property is taxed at the full voted tax rate which in tax year 2025 is 45.38 mills. The forecast is modeling an average gross collection rate of 96.77%. The revenue changed historically at an average annual dollar amount of $43,160 and is projected to change at an average annual dollar amount of $55,536 through fiscal year 2030.

Ohio House Bill 15 makes a significant change to how public utility personal property (PUPP) will be valued beginning tax year 2027. The law lowers the assessment rate for new property placed in service in tax year 2027 and beyond. Existing property is not affected. Districts will need to scale back valuation growth beginning in tax year 2027. While growth from existing property will continue, it will not be as robust due to the lower assessment rates. For most types of utility property, taxable value will decrease by about 70% - meaning only about 30% remains taxable. This will reduce growth in PUPP valuations, and ultimately PUPP tax revenue collections and impact state funding calculations.

7

Forecast5 Analytics ReportWriter Software 2019 ©

Indian Hill Exempted Village School District

1.030 - School District Income Tax

Revenue collected from income tax earmarked specifically to support schools with a voter approved tax by residents of the school district; separate from federal, state and municipal income taxes.

0.00%

The district does not have a School District Income Tax levy.

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
2021	2022	2023	2024	2025	2026	2027	2028	2029	2030

Renewal Levy Revenue

Key Assumptions & Notes

The district does not have an income tax levy.

Estimates project that a 0.25% alternative base or earned income tax would yield approximately $4.1 million annually.

8

Forecast5 Analytics ReportWriter Software 2019 ©

Indian Hill Exempted Village School District

1.035 - Unrestricted Grants-in-Aid

Funds received through the State Foundation Program with no restriction.

5.76%	Unrestricted State Aid revenue accounts for 5.76% of total district general fund revenue.

$1,381,519
$1,266,932
$1,334,754
$2,016,991
$2,344,511
$2,768,354
$3,231,091
$3,286,498
$3,443,581
$3,510,825
2021	2022	2023	2024	2025	2026	2027	2028	2029	2030

Key Assumptions & Notes

2,067
2,031
2,100
2,127
2,126
2,133
2,138
2,141
2,159
2,178

District Educated Enrollment 2,500

2,000
	Beginning in fiscal year 2022, Ohio adopted the Fair School Funding Plan (FSFP). Funding is driven by a base cost methodology that incorporates the four components identified as necessary to the education process. The Base Cost is currently calculated for two years using a statewide average from historical actual data.

For Indian Hill Exempted Village School District, the calculated Base Cost total is $17,191,762 in 2026.
The State's Share of the calculated Base Cost total is $1,724,732, or $809 per pupil.
The FSFP also started funding students where they attended school. Therefore district educated enrollment is now used for per pupil funding. At the same time, the FSFP eliminated tuition transfer payments from school districts, which impacts the expense side of the forecast.

1,500

1,000

500
		
0
2021       2022	2023	2024       2025	2026	2027       2028	2029	2030

9

Forecast5 Analytics ReportWriter Software 2019 ©

Indian Hill Exempted Village School District

1.040 & 1.045 - Restricted Grants-in-Aid

Funds received through the State Foundation Program or other allocations that are restricted for specific purposes.

1.45%	Restricted State Aid revenue accounts for 1.45% of total district general fund revenue.

$144,557
$279,267
$359,546
$567,783
$595,373
$697,905
$705,702
$705,848
$711,127
$715,235
2021	2022	2023	2024	2025	2026	2027	2028	2029	2030

Key Assumptions & Notes

Restricted aid is the portion of state per pupil funding that must be classifed as restricted use. Historically the district's restricted state aid changed annually on average by $105,369 and is projected to change annually on average by $23,972. Restricted funds represent 1.45% of the district's total revenue. Starting in fiscal year 2022, the district's Success & Wellness funding became restricted; the state's share of this funding recorded as restricted is $73,008. This funding has implications on general fund expenditures in that certain spending now occuring in a fund external to the general fund could shift to the general fund. The expenditures in this forecast are adjusted to reflect this change.

This is a key growth area of the forecast. The threshold (formerly known as catastropic) cost program for use by traditional school districts, community schools and JVSD’s to receive reimbursement for costs exceeding the state-determined threshold to educate preK-12 students, including any student in Grade 23 (students who have deferred their diploma), with disabilities in Categories 2-6. This reimbursement is available to the financially responsible district or school for any child in disability categories 2,3,4, or 5 whose educational and related expenses exceeded $27,375, and any child in category 6 whose expenses exceeded $32,850 in the prior fiscal year. The increase for Indian Hill EVSD is twofold. First, there has been an increase to the amount of funds put into the program by the State. Second, the number of students at Indian Hill meeting the criteria has increased. The District significantly missed its estimated revenue amount in the May forecast, because the number of students statewide who qualify significantly increased, therefore, limiting the per student amount available. The District continues to see substantial growth in the number of students qualifying for an Individualized Educational Plan (IEP).

10

Forecast5 Analytics ReportWriter Software 2019 ©

Indian Hill Exempted Village School District

1.050 - State Share of Local Property Taxes

Includes funds received for Tangible Personal Property Tax Reimbursement, Electric Deregulation, Homestead and Rollback.

7.56%	State Share of Local Property tax revenue accounts for 7.56% of total district general fund revenue.

	$489	$1,134	$645	

$3,147,629
$3,210,180
$3,239,088
$3,409,441
$3,583,754
$3,632,064
$3,852,023
$4,073,059
$4,094,660
$4,138,834
2021	2022	2023	2024	2025	2026	2027	2028	2029	2030

Renewal Levy Revenue

Key Assumptions & Notes

State Share of Local Property Taxes primarily consists of reimbursements from the state of Ohio for local taxpayer credits or reductions to their tax bill. The state reduces the local taxpayer's tax bill with a 10% rollback credit, and 2.5% owner-occupied rollback credit, plus a homestead credit for qualifying taxpayers. In fiscal year 2026, approximately 10.5% local residential property taxes will be reimbursed by the state in the form of rollback credits and approximately 0.3% will be reimbursed in the form of qualifying homestead exemption credits.

Current proposals of state legislation could be significantly alter this category.

11

Forecast5 Analytics ReportWriter Software 2019 ©

Indian Hill Exempted Village School District

1.060 - All Other Operating Revenues

Operating revenue sources not included in other lines; examples include tuition, fees, earnings on investments, rentals, and donations.

15.15%	All Other Revenue accounts for 15.15% of total district general fund revenue.

$6,288,987
$6,970,868
$7,471,247
$7,119,347
$7,402,446
$7,277,406
$7,167,031
$7,014,855
$6,917,475
$6,924,393
2021	2022	2023	2024	2025	2026	2027	2028	2029	2030

Key Assumptions & Notes

Other revenue includes tuition received by the district for non-resident students educated by the district. It also includes interest income, payments in lieu of taxes, and miscellaneous revenue. The historical average annual change was -$57,978. The projected average annual change is -$95,611 through fiscal year 2030.

The key component of this category is the District's collection of a Tax Increment Financing (TIF) program for several properties in the Kenwood area. This program is monitored by Sycamore Township and the agreement holds the school districts involved harmless. Payments of the taxes that would be generated through traditional tax levying are collected by Sycamore Township and paid directly to the District. This is a bi-annual payment coinciding with payments of traditional property taxes.

12

Forecast5 Analytics ReportWriter Software 2019 ©

Indian Hill Exempted Village School District

2.070 - Total Other Financing Sources

Includes proceeds from sale of notes, state emergency loans and advancements, operating transfers-in, and all other financing sources like sale and loss of assets, and refund of prior year expenditures.

0.18%	Other Sources of revenue accounts for 0.18% of total district general fund revenue.

$43,114
$22,050
$1,215,595
$95,071
$461,177
$86,110
$85,000
$85,000
$85,000
$85,000
2021	2022	2023	2024	2025	2026	2027	2028	2029	2030

Key Assumptions & Notes

	FORECASTED
	
	2025
	2026
	2027
	2028
	2029
	2030
	
Transfers In
	-
	-
	-
	-
	-
	-
	
Advances In
	34,949
	36,110
	35,000
	35,000
	35,000
	35,000
	
All Other Financing Sources
	426,228
	50,000
	50,000
	50,000
	50,000
	50,000

Other sources includes revenue that is generally classified as non-operating. Return advances-in are the most common revenue source. In 2025 the district receipted $34,949 as advances-in and is projecting advances of $36,110 in fiscal year 2026. The district also receives other financing sources such as refund of prior year expenditures in this category. The district is projecting that all other financing sources will be $50,000 in 2026 and average $50,000 annually through 2030.

13

Forecast5 Analytics ReportWriter Software 2019 ©

Expenditure Overview	Indian Hill Exempted Village School District

Expenditure Categories

11%

16%

Personnel Costs
Salaries                                                                            53.54% Benefits                                                                           19.17%

Purchased Services	16.52%

All Other Expenditures
Supplies, Capital, Debt, Other Obj	10.02% 73%	Other Uses                                                                        0.74%

Annual Expenditures Actual + Projected

$35,884,047
$39,666,086
$44,091,269
$46,264,709
$48,353,102
$50,144,160
$52,338,871
$52,902,160
$53,965,961
$54,996,187
2021	2022	2023	2024	2025	2026	2027	2028	2029	2030

Historic Expenditures Change versus Projected Expenditures Change

	Historical Average Annual
$$ Change
	Projected Average Annual
$$ Change
	Projected Compared to Historical Variance
	Expenditures increased by 3.56% ($1,387,975 annually) during the past 5-year period, and are projected to increase by 2.62% ($1,328,617 annually) through 2030. The forecast line with the most change on the expense side, Capital Outlay, is anticpated to be $1,080,290 more per year in the projected period compared to historical averages.
	
Salaries	$1,043,191	$494,573	($548,618) Benefits                                                                 $293,739	$443,333                 $149,595 Purchased Services                                              $635,539	$296,205	($339,333) Supplies & Materials                                           $179,900                $64,746	($115,154) Capital Outlay                                                  ($1,061,627)               $18,664              $1,080,290 Intergov & Debt                                                   $211,281                     ($842)	($212,123) Other Objects                                                         $20,640                   $7,159                ($13,481) Other Uses                                                              $65,312                   $4,778                ($60,534)
		
Total Average Annual Change                           $1,387,975           $1,328,617                ($59,358) 3.56%                    2.62%                    -0.94%

For Comparison: Revenue average annual change is projected to be >

$1,102,056 On an annual average basis, revenues are projected to grow slower than expenditures.

14

Forecast5 Analytics ReportWriter Software 2019 ©

Indian Hill Exempted Village School District

3.010 - Personnel Services

Employee salaries and wages, including extended time, severance pay, supplemental contracts, etc.

53.54%             Salaries account for 53.54% of the district's total general fund spending.

$21,565,695
$22,135,319
$24,386,913
$25,074,379
$26,883,133
$26,846,351
$27,819,747
$28,629,102
$28,980,997
$29,355,997
2021	2022	2023	2024	2025	2026	2027	2028	2029	2030

Key Assumptions & Notes

Salaries represent 53.54% of total expenditures and increased at a historical average annual rate of 4.48% (or $1,043,191). This category of expenditure is projected to grow at an annual average rate of 1.78% (or $494,573) through fiscal year 2030. The projected average annual rate of change is 2.69% less than the five year historical annual average.

The Indian Hill Educators Professional Organization and the District negotiated a three year extension to the Collective Bargaining Agreement that will last through June of 2028. The agreement includes an annual increase of the base salary. This increase gives Indian Hill the ability to be professionally competive within the education industry, allowing the District to recruit and retain the top educators. With the completed CBA, it removes many of the assumptions of this expense category for the next four years.
Noted Assumptions: Two teacher retirements per year replaced with a Master Column Step Four; No new positions;

15

Forecast5 Analytics ReportWriter Software 2019 ©

Indian Hill Exempted Village School District

3.020 - Employees' Benefits

Retirement for all employees, Workers Compensation, early retirement incentives, Medicare, unemployment, pickup on pickup, and all health-related insurances.

19.17%	Benefits account for 19.17% of the district's total general fund spending.

$6,819,714
$7,599,775
$8,026,066
$8,562,333
$8,921,832
$9,614,757
$9,978,675
$10,404,455
$10,783,499
$11,138,499
2021	2022	2023	2024	2025	2026	2027	2028	2029	2030

Key Assumptions & Notes

Benefits represent 19.17% of total expenditures and increased at a historical average annual rate of 3.89%. This category of expenditure is projected to grow at an annual average rate of 4.55% through fiscal year 2030. The projected average annual rate of change is 0.66% more than the five year historical annual average.

In addition to the effects that the Collective Bargaining Agreement had on the Personnel expenditure, the CBA affected the Benefits expenditure category. Retirement contributions compose a significant percentage of this category and those expenses rose with the increase to base salaries. The District committed to increase Health Savings Account contributions for the first time since High Deductible Health Plans were instituted uniformly to all employees. Medical Insurance continues to the highest expense in this category. Renewals have historically been below market average. Medical insurance renewal for calendar year 2026 was at 15% with the remaining years between 7-8% annually.

16

Forecast5 Analytics ReportWriter Software 2019 ©

Indian Hill Exempted Village School District

3.030 - Purchased Services

Amounts paid for services rendered by personnel who are not on the payroll of the school district, expenses for tuition paid to other districts, utility costs and other services which the school district may purchase.

16.52%	Purchased Services account for 16.52% of the district's total general fund spending.

$4,878,255
$5,591,673
$6,726,430
$7,540,029
$7,575,975
$8,286,037
$8,410,327
$8,620,586
$8,836,100
$9,057,003
2021	2022	2023	2024	2025	2026	2027	2028	2029	2030

Key Assumptions & Notes

Purchased Services represent 16.52% of total expenditures and increased at a historical average annual rate of 11.68%. This category of expenditure is projected to grow at an annual average rate of 3.67% through fiscal year 2030. Starting in 2022, the Fair School Funding Plan (State Funding) only accounted for district educated enrollment, thereby reducing district tuition costs for open enrollment 'out,' community schools, STEM, and scholarship students. This change resulted in lower district costs, but also less per pupil state revenue since per pupil funding is now paid directly by the state to the district students attend.

This expenditure category is very broad in the type of expenses that it represents. Included within this category is student services, outside tuition, professional development, legal fees, communication, consulting fees, substitutes, guest speakers, architectural fees, custodial services, and utilities. Many of these expenses have risen significantly over the last three years from inflation and increased utilization.

17

Forecast5 Analytics ReportWriter Software 2019 ©

Indian Hill Exempted Village School District

3.040 - Supplies & Materials

Expenditures for general supplies, instructional materials including textbooks and media material, bus fuel and tires, and all other maintenance supplies.

4.53%
Supplies and Materials account for 4.53%

of the district's total general fund spending.

$1,457,837
$1,459,815
$1,834,178
$1,990,925
$2,186,375
$2,274,032
$2,330,883
$2,389,155
$2,448,884
$2,510,106
2021	2022	2023	2024	2025	2026	2027	2028	2029	2030

Key Assumptions & Notes

Supplies & Materials represent 4.53% of total expenditures and increased at a historical average annual rate of 11.49%. This category of expenditure is projected to grow at an annual average rate of 2.80% through fiscal year 2030. The projected average annual rate of change is 8.68% less than the five year historical annual average.

This category includes the purchase of two buses per year, small facilities projects, as well as an estimated $1,000,000 for roof replacements in fiscal year 2027. The District is considering a 5 year lease for five new buses to refurbish the fleet.

18

Forecast5 Analytics ReportWriter Software 2019 ©

Indian Hill Exempted Village School District

3.050 - Capital Outlay

This line includes expenditures for items having at least a five-year life expectancy, such as land, buildings, improvements of grounds, equipment, computers/technology, furnishings, and buses.

2.22%
Capital Outlay account for 2.22% of the

district's total general fund spending.

$678,248
$788,150
$1,436,637
$1,180,031
$799,094
$1,113,125
$1,781,395
$831,395
$881,395
$892,413
2021	2022	2023	2024	2025	2026	2027	2028	2029	2030

Key Assumptions & Notes

Capital Outlay represent 2.22% of total expenditures and decreased at a historical average annual amount of $1,061,627. This category of expenditure is projected to grow at an annual average rate of $18,664 through 2030. The projected average annual change is more than the five year historical annual average.

19

Forecast5 Analytics ReportWriter Software 2019 ©

Indian Hill Exempted Village School District

3.060-4.060 - Intergovernmental & Debt

These lines account for pass through payments, as well as monies received by a district on behalf of another governmental entity, plus principal and interest payments for general fund borrowing.

2.10%	Intergovernmental and Debt account for 2.10% of the district's total general fund spending.

$29,175
$339,096
$563,365
$1,018,822
$1,056,404
$1,052,777
$1,053,600
$1,053,776
$1,053,308
$1,052,194
2021	2022	2023	2024	2025	2026	2027	2028	2029	2030

Key Assumptions & Notes

The Intergovernmental/Debt expenditure category details general fund debt issued by the District.

20

Forecast5 Analytics ReportWriter Software 2019 ©

Indian Hill Exempted Village School District

4.300 - Other Objects

Primary components for this expenditure line are membership dues and fees, ESC contract deductions, County Auditor/Treasurer fees, audit expenses, and election expenses.

1.17%
Other Objects account for 1.17% of the

district's total general fund spending.

$436,519
$538,213
$512,611
$553,242
$584,178
$587,080
$594,242
$603,691
$611,777
$619,974
2021	2022	2023	2024	2025	2026	2027	2028	2029	2030

Key Assumptions & Notes

Other Objects represent 1.17% of total expenditures and increased at a historical average annual rate of 4.56%. This category of expenditure is projected to grow at an annual average rate of 1.20% through fiscal year 2030. The projected average annual rate of change is 3.37% less than the five year historical annual average.

21

Forecast5 Analytics ReportWriter Software 2019 ©

Indian Hill Exempted Village School District

5.040 - Total Other Financing Uses

Operating transfers-out, advances out to other funds, and all other general fund financing uses.

0.74%

Other Uses account for 0.74% of the district's total general fund spending.

$18,605
$1,214,045
$605,070
$344,949
$346,110
$370,000
$370,000
$370,000
$370,000
$370,000
2021	2022	2023	2024	2025	2026	2027	2028	2029	2030

Key Assumptions & Notes

	FORECASTED
	
	2025
	2026
	2027
	2028
	2029
	2030
	
Transfers Out
	310,000
	335,000
	335,000
	335,000
	335,000
	335,000
	
Advances Out
	36,110
	35,000
	35,000
	35,000
	35,000
	35,000
	
Other Financing Uses
	-
	-
	-
	-
	-
	-

Other uses includes expenditures that are generally classified as non-operating. It is typically in the form of advances-out which are then repaid into the general fund from the other district funds. In 2025 the district had advances-out and has advances-out forecasted through fiscal year 2030. The district can also move general funds permanently to other funds, and as the schedule above presents, the district has transfers forecasted through fiscal year 2030. The table above presents the district's planned advances and transfers. The district can also have other uses of funds which is reflected in the table above.

22

Forecast5 Analytics ReportWriter Software 2019 ©

Indian Hill Exempted Village School District Five Year Forecast
October Fiscal Year 2026

Fiscal Year:
	Actual
	FORECASTED
	
	2025
	2026	2027	2028	2029	2030
	
Revenue:
1.010 - General Property Tax (Real Estate) 1.020 - Public Utility Personal Property 1.030 - Income Tax
1.035 - Unrestricted Grants-in-Aid 1.040 - Restricted Grants-in-Aid
1.050 - State Share-Local Property Taxes 1.060 - All Other Operating Revenues
	
32,641,900 818,405
-2,344,511
595,373 3,583,754 7,402,446
	
32,653,152                34,557,787                36,259,413                36,442,941                36,848,794 932,720                      968,880                      972,501                  1,003,592                  1,034,683
-	-	-	-	-2,768,354                  3,231,091                  3,286,498                  3,443,581                  3,510,825
697,905	705,702	705,848	711,127	715,235 3,632,064                  3,852,023                  4,073,059                  4,094,660                  4,138,834 7,277,406                  7,167,031                  7,014,855                  6,917,475                  6,924,393
	
1.070 - Total Revenue
	47,386,389
	47,961,601	50,482,514	52,312,174	52,613,376	53,172,764
	
Other Financing Sources:
2.010 - Proceeds from Sale of Notes 2.020 - State Emergency Loans and Adv 2.040 - Operating Transfers-In
2.050 - Advances-In
2.060 - All Other Financing Sources 2.070 - Total Other Financing Sources
	
---
34,949 426,228
	
-	-	-	-	--	-	-	-	--	-	-	-	-
36,110                        35,000                        35,000                        35,000                        35,000 50,000                        50,000                        50,000                        50,000                        50,000
	
	461,177
	86,110	85,000	85,000	85,000	85,000
	
2.080 - Total Rev & Other Sources
	47,847,565
	48,047,711	50,567,514	52,397,173	52,698,376	53,257,763
	
Expenditures:
3.010 - Personnel Services 3.020 - Employee Benefits 3.030 - Purchased Services 3.040 - Supplies and Materials 3.050 - Capital Outlay
Intergovernmental & Debt Service
4.300 - Other Objects
	
26,883,133 8,921,832 7,575,975 2,186,375 799,094 1,056,404
584,178
	
26,846,351	27,819,747	28,629,102	28,980,997	29,355,997 9,614,757                  9,978,675	10,404,455	10,783,499	11,138,499 8,286,037                  8,410,327                  8,620,586                  8,836,100                  9,057,003 2,274,032                  2,330,883                  2,389,155                  2,448,884                  2,510,106 1,113,125                  1,781,395                      831,395                      881,395                      892,413 1,052,777                  1,053,600                  1,053,776                  1,053,308                  1,052,194
587,080	594,242	603,691	611,777	619,974
	
4.500 - Total Expenditures
	48,006,992
	49,774,160	51,968,871	52,532,160	53,595,961	54,626,187
	
Other Financing Uses
5.010 - Operating Transfers-Out 5.020 - Advances-Out
5.030 - All Other Financing Uses 5.040 - Total Other Financing Uses
	
310,000 36,110
-
	
335,000                      335,000                      335,000                      335,000                      335,000 35,000                        35,000                        35,000                        35,000                        35,000
-	-	-	-	-
	
	346,110
	370,000	370,000	370,000	370,000	370,000
	
5.050 - Total Exp and Other Financing Uses
	48,353,102
	50,144,160	52,338,871	52,902,160	53,965,961	54,996,187

6.010 - Excess of Rev Over/(Under) Exp
	(505,537)
	(2,096,449)	(1,771,357)	(504,987)	(1,267,585)	(1,738,424)

7.010 - Cash Balance July 1 (No Levies)
	14,841,835
	14,336,298	12,239,849	10,468,492	9,963,505	8,695,920
	
7.020 - Cash Balance June 30 (No Levies)
	14,336,298
	12,239,849	10,468,492	9,963,505	8,695,920	6,957,496

	Reservations
		
8.010 - Estimated Encumbrances June 30 9.080 - Reservations Subtotal
	500,000 -
	500,000	500,000	500,000	500,000	500,000 -                                    -                                    -                                    -                                    -
	
10.010 - Fund Bal June 30 for Cert of App
	13,836,298
	11,739,849	9,968,492	9,463,505	8,195,920	6,457,496
	
Rev from Replacement/Renewal Levies 11.010 & 11.020 - Renewal Levies 11.030 - Cumulative Balance of Levies

-
	
-                             54,272                      114,060                      122,158                      100,082 -                             54,272                      168,332                      290,490                      390,572
	
12.010 - Fund Bal June 30 for Cert of Obligations
	13,836,298
	11,739,849	10,022,764	9,631,837	8,486,410	6,848,068
	
Revenue from New Levies 13.010 & 13.020 - New Levies
13.030 - Cumulative Balance of New Levies

-
	
-                                   -                                    -                                    -                                    --                                    -                                    -                                    -                                    -
	
15.010 - Unreserved Fund Balance June 30
	13,836,298
	11,739,849	10,022,764	9,631,837	8,486,410	6,848,068

23

Forecast5 Analytics ReportWriter Software 2019 ©

to balance
Shortfall
Financial Health Indicators	Indian Hill Exempted Village School District

Revenue Surplus/(Shortfall) - Current Forecast

Revenue Surplus/(Shortfall) as a % of Revenue

Revenue Surplus/(Shortfall)	>10% Surplus

-2.7%
-0.3%	-1.1%	-0.7% Revenue Surplus/(Shortfall) - Current Forecast -4.4%                         -3.4%

The district is trending toward revenue shortfall with the expenditures growing faster than revenue.

-2.2%	-3.1%

A revenue increase of 2.17% is needed
>2% of Revenuethe budget in fiscal year

2030, or
>8% of Revenuea $1,638,342
expenditure
reduction in >15% of Revenue s

2023	2024	2025	2026	2027	2028	2029	2030

Days Cash on Hand - Current Forecast

108

89

73	70
61

49 Days Cash on Hand - Current Forecast

Days cash on hand is projected to decline and is less than 60 days by 2030.

2025	2026	2027	2028	2029	2030	*based on 365 days

5-Year Average Annual Change - Inflation, Revenue and Expenditures

Historical Annual Change
	Projected Annual Change

		

		
4.33%	5.01%	3.56%
	2.26%	2.22%	2.62%

Average projected annual expenditure change is greater than inflation, and more than revenue.

Inflation	Revenue	Expenditures

CPI (Inflation) Source: Federal Reserve Bank of St. Louis (July 1, 2025) https://alfred.stlouisfed.org
24

Forecast5 Analytics ReportWriter Software 2019 ©

84
Current to Prior Forecast Comparison	Indian Hill Exempted Village School District

s/(Shortfall) - Current Compared to Prior Forecast
Revenue SurpluRevenue Surplus/(Shortfall) - Current Compared to Prior Forecast

>10% Surplus

The district's current forecast , when compared to the prior, continues trending toward revenue shortfall.

Shortfall >2% of Revenue

>8% of Revenue

>15% of Revenue

2023	2024	2025 Prior Forecast	-0.3%                               -2.7%	0.2%
Current Forecast	-0.3%	-2.7%	-1.1%

2026                                2027                                2028                                2029 -2.2%                               -4.4%                               -3.7%                               -5.1%
-4.4%	-3.4%	-0.7%	-2.2%

Days Cash on Hand - Current Compared to Prior Forecast

114	108	104

Days Cash on Hand - Current Compared 89	to Prior Forecast
73	70	70	51	61

Days cash on hand is forecasted to decline, and is similar to the prior forecast trend.

2025	2026	2027	2028	2029

Days Cash on Hand Prior Forecast	Days Cash on Hand Current Forecast	*based on 365 days

Revenue and Expenditure Variances - Current Compared to Prior Forecast

Cumulative Favorable Revenue Variance

1.01 Real Estate 1.050 - State Share of Local Prop. Taxes
1.035,1.040 State All Other Revenue Categories

Revenue Variance
2.86%	$7,004,567 Largest Revenue Variances
2.48%	$6,062,113 0.27%                            $664,444 0.07%                            $175,807 0.04%                            $102,203

The current revenue forecast is up by 2.86% compared to the prior forecast.

NET cumulative forecast impact for the forecast period 2025 - 2029 of Revenue and Expense variances is 0.73% (or $1,637,670).

The current forecast for expenditures is up by 2.13% compared to the prior forecast.

Expenditure Variance
2.13%	$5,366,897 Cumulative Unfavorable Expenditure Variance Largest Expenditure Variances

1.70%	$4,299,718 3.03 Purchased Serv. 0.19%                            $473,981 3.01 Salaries
0.13%	$337,824 3.04 Supplies
0.10%	$255,374 All Other Expenditure Categories

25

Forecast5 Analytics ReportWriter Software 2019 ©

Indian Hill Exempted Village School District - - Hamilton County
							
SCHEDULE OF PROJECTED REVENUE AND EXPENDITURES - For Debt Activity Funded by Taxes
						
BOND RETIREMENT FUND
								
2026
	2027
	TAX BUDGET

			2026
	Calendar Year
	TOTAL
	2027
	Calendar Year
	TOTAL
	TOTAL
	
Fund
	002
		1/1/2026
	7/1/2026
	CALENDAR YEAR 2026
	1/1/2027
	7/1/2027
	CALENDAR YEAR 2027
	FISCAL YEAR 2026/2027
	
BOND RETIREMENT REVENUE (1)
	6/30/2026
	12/31/2026
		6/30/2027
	12/31/2027
			
(1)
			(2)
	(3)
		(4)
	(5)
			
REVENUES
									
1000 Receipts from Local Sources
								
1100 Taxes
								
	1110
	General Property Tax & PUPP
	3,145,284.77
	2,780,560.35
	5,925,845.12 80,556.10
	3,078,403.21
	2,721,434.32
	5,799,837.53 73,078.54
	5,858,963.56 76,817.32
	
	1120
	Public Utility Personal Property Tax
	40,278.04
	40,278.06
		36,539.26
	36,539.28
			
Total Taxes
		3,185,562.81
	2,820,838.41
	6,006,401.22
	3,114,942.48
	2,757,973.60
	5,872,916.08
	5,935,780.89

	3130
	3131-3133 Property Tax Allocation
	103,244.83
	103,244.83
	206,489.66
	101,558.14
	101,558.14
	203,116.28
	204,802.97
	
	3135
	State Tangible Reimbursement
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
Total Tax Reimbursement from State Sources
	103,244.83
	103,244.83
	206,489.66
	101,558.14
	101,558.14
	203,116.28
	204,802.97

	1130
	Income Tax
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
	1190
	Other Receipts (Local Taxes)
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
Total Income and Local Taxes
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00

Total Taxes
	3,288,807.64
	2,924,083.24
	6,212,890.87
	3,216,500.62
	2,859,531.74
	6,076,032.36
	6,140,583.85

	Other
	1200-1800 Other Receipts-Local Sources
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
	1880
	Tax Increment Financing
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
	1910
	Prem. & Acc. Int. on Bonds & Notes
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
	1920
	Sale of Bonds- Refunding
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
	1940
	Proceeds from Sale of Notes
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
Total of Other Revenue Sources
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00

Total Receipts from Local Sources
	3,288,807.64
	2,924,083.24
	6,212,890.87
	3,216,500.62
	2,859,531.74
	6,076,032.36
	6,140,583.85

	2000
	Receipts from Intermediate Sources
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
	3000
	Receipts from State Sources
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
Total Revenue from State Sources
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00

	4000
	Revenue from Federal Sources
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00

	5000
	Other Revenue Sources
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00

Total Revenue
	3,288,807.64
	2,924,083.24
	6,212,890.87
	3,216,500.62
	2,859,531.74
	6,076,032.36
	6,140,583.85

12/31/2025

SCHEDULE OF PROJECTED REVENUE AND EXPENDITURES
							
BOND RETIREMENT FUND

			2026
	Calendar Year
	TOTAL
	2027
	Calendar Year
	TOTAL
	TOTAL
	
Fund
	002
		1/1/2026
	7/1/2026
	CALENDAR YEAR 2026
	1/1/2027
	7/1/2027
	CALENDAR YEAR 2027
	FISCAL YEAR 2026/2027
	
BOND RETIREMENT EXPENDITURES (1)
	6/30/2026
	12/31/2026
		6/30/2027
	12/31/2027
			
(1)
			(2)
	(3)
		(4)
	(5)
			
EXPENDITURES

	2000
	Supporting Services - Fees
	48,250.00
	29,800.00
	78,050.00
	48,250.00
	29,800.00
	78,050.00
	78,050.00

6000 Repayment of Debt Service
								
	810
	6100 Repayment of Debt Principal
	
1,041,959.38
	3,790,000.00
	3,790,000.00
		4,100,000.00 979,096.88
	4,100,000.00
	3,790,000.00
	
	820
	6100 Repayment of Debt Interest
		1,041,959.38
	2,083,918.76
	979,096.88
		1,958,193.76
	2,021,056.26
	
	830
	6100 Debt Issuance Costs
			0.00
			0.00
	0.00
	
Total Repayment of Debt Service
	1,041,959.38
	4,831,959.38
	5,873,918.76
	979,096.88
	5,079,096.88
	6,058,193.76
	5,811,056.26

7000 Other Debt Service
								
	Other
	Debt Service
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00

										
Total Other Debt Service
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00

										
										
Total Expenditures
	1,090,209.38
	4,861,759.38
	5,951,968.76
	1,027,346.88
	5,108,896.88
	6,136,243.76
	5,889,106.26

										
Beginning Unencumbered Fund Balance
	3,257,723.40
	5,456,321.66
	3,257,723.40
	3,518,645.51
	5,707,799.25
	3,518,645.51
	5,456,321.66
	
Ending Cash Balance
	5,456,321.66
	3,518,645.51
	3,518,645.51
	5,707,799.25
	3,458,434.11
	3,458,434.11
	5,707,799.25

12/31/2025

Indian Hill Exempted Village School District - - Hamilton County
							
SCHEDULE OF PROJECTED REVENUE AND EXPENDITURES - For Debt Activity Funded by Taxes
						
BOND RETIREMENT FUND - 2000 BOND ONLY
								
2026
	2027
	TAX BUDGET

			2026
	Calendar Year
	TOTAL
	2027
	Calendar Year
	TOTAL
	TOTAL
	
Fund
	002
		1/1/2026
	7/1/2026
	CALENDAR YEAR 2026
	1/1/2027
	7/1/2027
	CALENDAR YEAR 2027
	FISCAL YEAR 2026/2027
	
BOND RETIREMENT REVENUE (1)
	6/30/2026
	12/31/2026
		6/30/2027
	12/31/2027
			
(1)
			(2)
	(3)
		(4)
	(5)
			
REVENUES
									
1000 Receipts from Local Sources
								
1100 Taxes
								
	1110
	General Property Tax & PUPP
	938,890.98
	830,018.01
	1,768,908.99 24,046.60
	834,821.21
	738,016.09
	1,572,837.30 19,817.91
	1,664,839.23 21,932.25
	
	1120
	Public Utility Personal Property Tax
	12,023.30
	12,023.30
		9,908.95
	9,908.96
			
Total Taxes
		950,914.27
	842,041.32
	1,792,955.59
	844,730.16
	747,925.04
	1,592,655.21
	1,686,771.48

	3130
	3131-3133 Property Tax Allocation
	97,844.83
	97,844.83
	195,689.66
	96,258.14
	96,258.14
	192,516.28
	194,102.97
	
	3135
	State Tangible Reimbursement
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
Total Tax Reimbursement from State Sources
	97,844.83
	97,844.83
	195,689.66
	96,258.14
	96,258.14
	192,516.28
	194,102.97

	1130
	Income Tax
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
	1190
	Other Receipts (Local Taxes)
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
Total Income and Local Taxes
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00

Total Taxes
	1,048,759.10
	939,886.14
	1,988,645.24
	940,988.30
	844,183.18
	1,785,171.49
	1,880,874.45

	Other
	1200-1800 Other Receipts-Local Sources
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
	1880
	Tax Increment Financing
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
	1910
	Prem. & Acc. Int. on Bonds & Notes
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
	1920
	Sale of Bonds- Refunding
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
	1940
	Proceeds from Sale of Notes
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
Total of Other Revenue Sources
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00

Total Receipts from Local Sources
	1,048,759.10
	939,886.14
	1,988,645.24
	940,988.30
	844,183.18
	1,785,171.49
	1,880,874.45

	2000
	Receipts from Intermediate Sources
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
	3000
	Receipts from State Sources
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
Total Revenue from State Sources
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00

	4000
	Revenue from Federal Sources
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00

	5000
	Other Revenue Sources
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00

Total Revenue
	1,048,759.10
	939,886.14
	1,988,645.24
	940,988.30
	844,183.18
	1,785,171.49
	1,880,874.45

12/31/2025

SCHEDULE OF PROJECTED REVENUE AND EXPENDITURES
							
BOND RETIREMENT FUND

			2026
	Calendar Year
	TOTAL
	2027
	Calendar Year
	TOTAL
	TOTAL
	
Fund
	002
		1/1/2026
	7/1/2026
	CALENDAR YEAR 2026
	1/1/2027
	7/1/2027
	CALENDAR YEAR 2027
	FISCAL YEAR 2026/2027
	
BOND RETIREMENT EXPENDITURES (1)
	6/30/2026
	12/31/2026
		6/30/2027
	12/31/2027
			
(1)
			(2)
	(3)
		(4)
	(5)
			
EXPENDITURES

	2000
	Supporting Services - Fees
	13,250.00
	8,100.00
	21,350.00
	13,250.00
	8,100.00
	21,350.00
	21,350.00

6000 Repayment of Debt Service
								
	810
	6100 Repayment of Debt Principal
	
46,793.75
	1,725,000.00
	1,725,000.00
		1,835,000.00 25,231.25
	1,835,000.00
	1,725,000.00
	
	820
	6100 Repayment of Debt Interest
		46,793.75
	93,587.50
	25,231.25
		50,462.50
	72,025.00
	
	830
	6100 Debt Issuance Costs
			0.00
			0.00
	0.00
	
Total Repayment of Debt Service
	46,793.75
	1,771,793.75
	1,818,587.50
	25,231.25
	1,860,231.25
	1,885,462.50
	1,797,025.00

7000 Other Debt Service
								
	Other
	Debt Service
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00

										
Total Other Debt Service
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00

										
										
Total Expenditures
	60,043.75
	1,779,893.75
	1,839,937.50
	38,481.25
	1,868,331.25
	1,906,812.50
	1,818,375.00

										
Beginning Unencumbered Fund Balance
	579,231.47
	1,567,946.82
	579,231.47
	727,939.21
	1,630,446.27
	727,939.21
	1,567,946.82
	
Ending Cash Balance
	1,567,946.82
	727,939.21
	727,939.21
	1,630,446.27
	606,298.20
	606,298.20
	1,630,446.27

12/31/2025

Indian Hill Exempted Village School District - - Hamilton County
							
SCHEDULE OF PROJECTED REVENUE AND EXPENDITURES - For Debt Activity Funded by Taxes
						
BOND RETIREMENT FUND - 2021 BOND ONLY
								
2026
	2027
	TAX BUDGET

			2026
	Calendar Year
	TOTAL
	2027
	Calendar Year
	TOTAL
	TOTAL
	
Fund
	002
		1/1/2026
	7/1/2026
	CALENDAR YEAR 2026
	1/1/2027
	7/1/2027
	CALENDAR YEAR 2027
	FISCAL YEAR 2026/2027
	
BOND RETIREMENT REVENUE (1)
	6/30/2026
	12/31/2026
		6/30/2027
	12/31/2027
			
(1)
			(2)
	(3)
		(4)
	(5)
			
REVENUES
									
1000 Receipts from Local Sources
								
1100 Taxes
								
	1110
	General Property Tax & PUPP
	2,206,393.79
	1,950,542.33
	4,156,936.13 56,509.50
	2,243,582.00
	1,983,418.23
	4,227,000.24 53,260.63
	4,194,124.34 54,885.07
	
	1120
	Public Utility Personal Property Tax
	28,254.75
	28,254.76
		26,630.31
	26,630.32
			
Total Taxes
		2,234,648.54
	1,978,797.09
	4,213,445.63
	2,270,212.31
	2,010,048.56
	4,280,260.87
	4,249,009.41

	3130
	3131-3133 Property Tax Allocation
	5,400.00
	5,400.00
	10,800.00
	5,300.00
	5,300.00
	10,600.00
	10,700.00
	
	3135
	State Tangible Reimbursement
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
Total Tax Reimbursement from State Sources
	5,400.00
	5,400.00
	10,800.00
	5,300.00
	5,300.00
	10,600.00
	10,700.00

	1130
	Income Tax
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
	1190
	Other Receipts (Local Taxes)
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
Total Income and Local Taxes
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00

Total Taxes
	2,240,048.54
	1,984,197.09
	4,224,245.63
	2,275,512.31
	2,015,348.56
	4,290,860.87
	4,259,709.41

	Other
	1200-1800 Other Receipts-Local Sources
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
	1880
	Tax Increment Financing
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
	1910
	Prem. & Acc. Int. on Bonds & Notes
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
	1920
	Sale of Bonds- Refunding
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
	1940
	Proceeds from Sale of Notes
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
Total of Other Revenue Sources
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00

Total Receipts from Local Sources
	2,240,048.54
	1,984,197.09
	4,224,245.63
	2,275,512.31
	2,015,348.56
	4,290,860.87
	4,259,709.41

	2000
	Receipts from Intermediate Sources
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
	3000
	Receipts from State Sources
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	
Total Revenue from State Sources
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00

	4000
	Revenue from Federal Sources
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00

	5000
	Other Revenue Sources
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00

Total Revenue
	2,240,048.54
	1,984,197.09
	4,224,245.63
	2,275,512.31
	2,015,348.56
	4,290,860.87
	4,259,709.41

12/31/2025

SCHEDULE OF PROJECTED REVENUE AND EXPENDITURES
							
BOND RETIREMENT FUND

			2026
	Calendar Year
	TOTAL
	2027
	Calendar Year
	TOTAL
	TOTAL
	
Fund
	002
		1/1/2026
	7/1/2026
	CALENDAR YEAR 2026
	1/1/2027
	7/1/2027
	CALENDAR YEAR 2027
	FISCAL YEAR 2026/2027
	
BOND RETIREMENT EXPENDITURES (1)
	6/30/2026
	12/31/2026
		6/30/2027
	12/31/2027
			
(1)
			(2)
	(3)
		(4)
	(5)
			
EXPENDITURES

	2000
	Supporting Services - Fees
	35,000.00
	21,700.00
	56,700.00
	35,000.00
	21,700.00
	56,700.00
	56,700.00

6000 Repayment of Debt Service
								
	810
	6100 Repayment of Debt Principal
	
995,165.63
	2,065,000.00
	2,065,000.00
		2,265,000.00 953,865.63
	2,265,000.00
	2,065,000.00
	
	820
	6100 Repayment of Debt Interest
		995,165.63
	1,990,331.26
	953,865.63
		1,907,731.26
	1,949,031.26
	
	830
	6100 Debt Issuance Costs
			0.00
			0.00
	0.00
	
Total Repayment of Debt Service
	995,165.63
	3,060,165.63
	4,055,331.26
	953,865.63
	3,218,865.63
	4,172,731.26
	4,014,031.26

7000 Other Debt Service
								
	Other
	Debt Service
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00

										
Total Other Debt Service
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00
	0.00

										
										
Total Expenditures
	1,030,165.63
	3,081,865.63
	4,112,031.26
	988,865.63
	3,240,565.63
	4,229,431.26
	4,070,731.26

										
Beginning Unencumbered Fund Balance
	2,678,491.93
	3,888,374.84
	2,678,491.93
	2,790,706.30
	4,077,352.98
	2,790,706.30
	3,888,374.84
	
Ending Cash Balance
	3,888,374.84
	2,790,706.30
	2,790,706.30
	4,077,352.98
	2,852,135.91
	2,852,135.91
	4,077,352.98

12/31/2025

Indian Hill Exempted Village School District - - Hamilton County Schedule of Bond Payments

PURPOSE OF
BONDS AND NOTES
	
Authority
for Levy
Outside 10 Mill Limit*

Date
of Issue

Date Due

Serial
or Term

Rate
of Interest
	Principal and Interest Requirements
	Principal and Interest Requirements
	
						Fiscal Year
	Calendar Year
	
						Bonds and Notes Outstanding 7/1/2026
	Principal & Interest Due 7/1/2026
6/30/2027
	Amount Available from Other Sources 7/1/2026
6/30/2027
	Bonds and Notes Outstanding 1/1/2027
	Principal & Interest Due 1/1/2027
12/31/2027
	Amount Available from Other Sources 1/1/2027
12/31/2027

6,058,194

6,076,032
	
TOTAL INSIDE
						$0
	$0
	$0
	$0
	$6,058,194
	$6,076,032

OUTSIDE 10 MILL LIMIT
											
School Construction School Construction
	By Vote Nov. 2000 By Vote May 2021
	2016 2021
	12/1/2027 12/1/2051
	Serial Serial
	5% 4%
	$3,560,000 64,170,000
	$1,797,025 4,014,031
	1,880,874 4,259,709
	1,835,000 62,105,000
	1,885,463 4,172,731
	1,785,171 4,290,861
	
TOTAL OUTSIDE
						$67,730,000
	$5,811,056
	$6,140,584
	$63,940,000
	$6,058,194
	$6,076,032

*If the levy is outside the 10 mill limit by vote, enter the words "by vote" and date of election. If outside the 10 mill limit without a vote, enter the reference to the statute under which the

levy is exempt from the 10 mill limit.	Principal & Interest from Bond Detail	12,116,388