Year in Review Board Meeting December 14, 2015
Year in Review January – July Planning & implement cuts and budget reductions – ● Keep focus on educational program as priority ● Cuts to administration, athletics, classified first ● Planning for restructuring – redesigning services ● Community donors provide Scholarship Fund Partnership with Unions for contract changes ● New contracts include salary and health care changes saving millions of dollars in the forecast
Year in Review July – December July ● Reductions and contract changes result in stable finances for five years ● Board begins to discuss rebuilding educational services with restraint ● Board decides not to seek new levy August – October ● Discussion of new positions in the forecast to address class size issues and gifted & reading intervention needs ● Board approves forecast with restoration of 25 teaching positions over the next two FY while maintaining a positive cash balance for five years
Year in Review Highlights of Performance Finances ● Nov. 2015 - Moody and S & P retain district rating o Moody’s notes management response to levy failure critical factor in retaining excellent Bond Rating ● Treasurer & Finance Team recognized o Distinguished Service Award presented by the Ohio Association of School Business Officials o Ohio Auditor of State Award of Distinction for Excellence in financial reporting o Government Finance Officers Association (GFOA) – Excellence in financial reporting
Year in Review Highlights of Performance Students ● AP Honor Roll – 5 th Straight Year ● 100% meet 3rd grade Reading Guarantee ● Highest number of National Merit Scholars in history ● Highest percentage reaching ACT college ready ● Expansion of acceleration and college-level courses with increased participation ● Reference to the District Quality Profile for more student and staff achievement
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