Greater Ohio Virtual School (GOVS) is committed to fiscal responsibility, transparency, and accountability in the management of public funds. As an Ohio public community school, GOVS complies with state financial reporting requirements by maintaining and periodically updating a five-year financial forecast.
Understanding the Five-Year Forecast
The five-year financial forecast provides a comprehensive financial outlook for the school, projecting revenues, expenditures, and ending fund balances over the current fiscal year and the subsequent four fiscal years. This tool helps school leadership, our sponsor, and the community plan responsibly, evaluate financial sustainability, and ensure resources are dedicated effectively toward student instruction and support.
Forecast Components
The forecast typically includes:
- Projected Revenues: State foundation funding, federal grants, and other revenue sources.
- Projected Expenditures: Personal services (salaries), employee benefits, purchased services, supplies, and capital outlays necessary to operate a high-performing virtual school.
- Assumptions and Notes: Detailed descriptions outlining the economic and operational factors driving the revenue and expenditure projections.
Accessing Financial Reports
Official financial documents, including submitted five-year forecasts and annual reports, are maintained in alignment with state reporting standards. For specific inquiries regarding our financial status, budget reports, or public financial records, please reach out to our administrative office:
- Phone: 513-695-2924
- Address: 24 W. 1st Street, Franklin, Ohio 45005