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The Official Blog of Forecast5 Analytics

Blog Posts

Modeling the Financial Impact of COVID-19

If it has not already happened, in the near future you will likely be asked about how the COVID-19 pandemic will financially impact your district. While things like FY20 expenditure savings and FY21 interest earning reductions can be projected...

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Monitoring Cash Flow During Times of Tax Payment Uncertainty

When the federal government moved the personal tax filing due date from April 15 to July, a series of cascading discussions followed from state and local governments, prompting this important question... "Would other tax collecting bodies follow...

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City of Rockford Water Division Enhances Long Range Financial Planning: Q & A Interview with Water Superintendent

Water Superintendent, Kyle Saunders, has been partnering with Forecast5 to develop rate-setting, debt-service, and CIP calculators for better long range financial planning using 5Cast and 5Cast Plus. He was happy to share some of his...

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K-12: Forecast the Future to Fight Budget-Busting Surprises

How many line items are in your K-12 annual budget? 750? 1000? More? That’s a lot of places for the unexpected to creep in and mess with your carefully crafted financial plan. Save the surprises for birthday parties by getting a better handle on...

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Create school board financial reports in minutes? Yes, you can.

Financial systems for school districts are great tools to accurately record revenue and expense transactions. But, as anyone who is charged with creating monthly reports can tell you, that’s where their ease of use ends. It typically takes hours...

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The Gift of Time: Ditch Manual Reports with the Power of Automation

Why is it the hardest questions often start with “why?” Why is the transportation fund over budget in October? Why are revenues down from this time last year? Why are benefits a higher percentage of expenditures this year?

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See Where You’re Headed with Proactive Management of the Annual Budget

You can’t get where you need to go when driving a car by only looking in the rearview mirror. The same is true for your annual budget. If you’re spending the majority of your time reviewing transactions and preparing reports about what just...

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Analyzing Monthly Financials to Better Manage Your Annual Budget

How many times have you uttered the old adage “hindsight is 20/20” in a wistful manner? If only you’d had access to the information that’s now available, you could have made a different, better decision.

Often those insights come during the...

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