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Finance Committee

Finance Meeting Summaries

September 13, 2021--Subjects covered were the FY22 permanent appropriations, the upcoming LED interior lighting project, health insurance premiums and wellness program, new and ongoing property valuation complaints and settlements, and fiscal software conversion.  The committee also learned that early indicators show many more students are taking advantage of free lunches which results in more federal and state money. 
July 22, 2021--The committee reviewed a draft five-year forecast with final FY21 figures and the new Fair School Funding Plan's projections.  The FSFP calculates a basic cost of about $7,200 per pupil compared to past formulas that set it at $6,000.  Each district's local share of that $7,200 will be determined by its property values and its residents' income.  Charter schools will be funded directly by the State instead of taking local shares from districts.  The 2021-22 allocation of federal funds was also discussed along with an update on commercial property valuation complaints.
June 1, 2021--The main topics included a report on food service operations, as well as a report on the uses of federal COVID funds received and anticipated to be received in the coming years.  Other topics included next year's temporary appropriations, participation fees, insurance renewal (property, liability, auto, and crime), a withdrawn property owner's valuation complaint, and the Ohio Public Employee Deferred Compensation program.
May 4, 2021--This month the committee reviewed the five-year forecast for May, new property tax complaints, anticipated federal COVID-related money (also known as ESSER funds for Elementary & Secondary School Emergency Relief), and the present status of the Fair School Funding Plan and the State's budget process.  
March 29, 2021--The committee reviewed a vehicle replacement plan, fundraising, positive behavioral intervention and support (PBIS) funding, student activity funds, a proposal to upgrade all copiers/printers/scanners, permanent improvements, textbooks, and a proposed new statewide school funding plan.  
February 18, 2021--Topics discussed included overtime, the food service fund, participation fees, supplies purchasing, federal COVID relief funds, restoration of some FY21 state funding, $8,438 Safe Schools grant, booster groups, and $30,574 of state funding for purchasing a bus.
January 4, 2021--The committee discussed the FY22 Tax Budget, pending property tax valuation cases, $22,200 workers comp grant for a scissor lift, COVID leave, District Profile Report, and capital needs.
November 16, 2020--The committee discussed the November five-year forecast, bonded employees and liability insurance, an update of the annual audit, investment advisor costs, the proposed Fair School Funding Plan, FY21 appropriation adjustments, and the upcoming process for the FY22 Tax Budget.  

Finance Committee Members

Chair: Elise Sheehan
Board Member: Pat Czech
Board Member: Sheila Lopez
Director of Curriculum: Brenda Svec
Superintendent: Michael Cook
Treasurer/CFO: Michael Barnhart 

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