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FOREBEAR FORECAST REQUIREMENTS Ohio Revised Code (O.R.C.) 5705.391 and O.A.C. 33019204 require a Board of Education (BOE) to submit a five-year projection of operational revenues and expenditures
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How to fill out five-year forecast requirements 412:

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Begin by gathering all relevant data and information needed for the forecast. This may include financial records, market trends, industry analysis, and any other relevant factors.
02
Analyze the historical data and trends to identify patterns and potential future developments. This will help you make more accurate forecasts.
03
Use a spreadsheet or forecasting software to input the data and create the forecast. Ensure that you adequately document and label all data inputs and assumptions made during the forecasting process.
04
Consider various scenarios and assumptions when creating the forecast. This may include best-case, worst-case, and moderate scenarios, depending on the level of uncertainty and volatility in the market.
05
Validate and review the forecast for accuracy and consistency. It's crucial to double-check all calculations and ensure that the forecast aligns with the overall business strategy and objectives.

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Banks and financial institutions often require five-year forecasts as part of loan applications or credit assessments. They rely on this information to evaluate the borrower's ability to repay the loan and manage financial risks.
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Individuals or professionals involved in financial planning, budgeting, or strategic management may use five-year forecasts to develop effective strategies, allocate resources, and measure performance against predetermined targets.
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The five-year forecast requirements 412 outline projected financial data for the next five years.
Entities that fall under specific regulations or guidelines set by the governing body.
The form can be filled out electronically or by manually entering the required financial data.
The purpose is to ensure transparency and accountability in financial planning and projections.
Financial data such as revenue projections, expense forecasts, funding sources, and budget allocations.
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