Columbus City Schools has released a five-year forecast that shows increased expenses but a nearly stagnant revenue stream.

Columbus City Schools has released a five-year forecast that shows increased expenses but a nearly stagnant revenue stream.

Michael McCammon, the district's interim treasurer, released the projections at the Oct. 21 board of education meeting.

According to the report, the CCS revenue is expected to increase by 0.1 percent each year through 2013, while expenses are expected to increase by about 4 percent annually over the same time.

The majority of the district's expenses come from employees' pay and benefits.

In addition, the report indicated the district will continue to see declining enrollment. The report estimated a loss of 1,500 students annually and a corresponding loss of 60 teachers yearly.

According to the forecast, the CCS district will end the year with $13.2-million in its coffers, but McCammon projects an accumulating deficit after that which would balloon to $368-million by 2013.

The total revenues for 2009 were estimated at $683-million and total expenditures were estimated at $702-million. The district would end the year with $13.2-million.

The total revenues for 2010 were estimated at $673-million and total expenditures were $718-million, leaving an anticipated deficit of $32.4-million.

In 2011, total revenues are expected to be $674-million and total expenditures are estimated at $751-million, leaving a budget deficit of $109.6-million.

The total revenues for 2012 were listed at $674.6-million and total expenditures at $784.7-million, for a deficit of $219.7-million.

In 2013, McCammon estimated the schools would have revenue of $670.1-million and total expenditures of $819-million for a deficit of $368-million.

The report did not include any income from the district's proposed bond and levy issue on the Nov. 4 ballot.

McCammon said it was important for district officials to discuss the five-year forecast prior to the general election.

"We need to start the talks now to have an idea now -- regardless of the outcome of the levy -- because the sooner we can start planning, the more we can start acting on it," he said. "If you just look at the math and you pump in an extra $77-million a year until 2013, you still don't come out positive."

The combined operating levy and bond issue includes a $77-million, 7.85-mill levy and a $164-million, 1.13-mill bond issue. If approved, district officials said it would cost taxpayers about $275 annually per $100,000 in appraised property value.

In seeking voter support of Issue 75, the board promised it would not return to the ballot until at least 2012 and would cut $76-million from its budget in four years.

If Issue 75 is approved, CCS officials have said the money generated would pay to restore a 40-minute period to the school day, reduce student-teacher ratios in grades one through three and in four theme schools, among other things. The bond would to be used to renovate or construct 10 to 12 schools.