Five Year Forecast

Understanding school district finances is crucial for teachers, administrators, Boards of Education, and community members. Sycamore Community Schools releases a five-year forecast bi-annually to engage the Board and community in long-term planning and discussions of financial issues facing the school district. 

A forecast is akin to a painting of the future based on the current situation, but it will be adjusted over time. The further into the future the forecast extends, the more likely projections will deviate from actual experience due to various events such as state budgets, tax levies, salary increases, or changes in local businesses. The five-year forecast is a vital management tool that must be updated periodically. It helps district management teams to proactively address future financial challenges.