Green district forecast showing negative balance
GREEN — Green Local School District officials are watching a five-year forecast that predicts a negative balance in 2017.
Treasurer Eydie Snowberger presented the forecast to district officials at the Oct. 28 Board of Education meeting. Snowberger explained projections in the forecast show the district will end the year with a positive cash balance in Fiscal Years (FY) 2014 through 2016, with just more than $1 million for this year (2013-14), $702,583 in FY15 and $166,999 in FY16. A negative cash balance of almost $1.4 million is projected for FY17 and more than $4.1 million in FY18.
“Future reductions will need to be made to ensure financial stability,” said Snowberger.
The forecast includes the assumption that voters will approve two emergency levy renewals during that time period, including a five-year, $4.1 million emergency levy due in 2014 and a five-year $4.8 million emergency levy due in 2016.
Emergency levies collect fixed dollar amounts and are not affected by property values, according to Snowberger.
Information on suggested actions regarding both of these will be presented to the board at the next meeting, she added.
Board Vice President Mark Herdlick stated the October forecast showed improvement from one presented in May, which predicted a negative cash balance for FY16.
District Superintendent Jeff Miller stated they were able to “keep the budget neutral this year” (similar to last year) by restructuring the administrative team.
Snowberger added other savings came from reducing salaries by more than $696,000 and benefits by $236,000 this year, all through attrition. She also said that although cuts were implemented in purchased services, that cost has increased by almost $1 million in the past three years.
Capital projects in the district are paid from permanent improvement funds, which are not included in the forecast, according to Snowberger.
Board President Steven Foster stated the forecast shows district officials have been “fiscally responsible and conservative” and are showing “good stewardship” of the new five-year $4.8 million emergency levy approved by voters in 2011.
The board unanimously approved the forecast.
Also at the meeting, the board:
- approved a $500 donation from ComDoc for last year’s sponsorship of the Harlem Wizards and a $600 donation from Giant Eagle for the sponsorship of the Bulldog Dash;
- awarded 38 supplemental contracts for fall sports and activities;
- hired Lori Morgan for consultation services for a student with a hearing impairment for up to one hour per week;
- approved an Inter-District Service Area contract with the Educational Service Center of Cuyahoga County for a teacher of the visually impaired;
- hired several home instructors and classified personnel, including two custodians at Green High School, an auditorium manager for one year, a cook’s helper at Green Primary School, a transportation aide, a special education aide and a playground monitor; and
- approved an overnight student trip request for the Green High School Chain Reaction Club to attend Camp Wise Diversity Center of Northeast Ohio Fall Retreat, which took place in Chardon Oct. 10-12; and an overnight student trip request for the JROTC to go to Wright Patterson Air Force Base Nov. 7-10 to learn about aviation and flight and participate in the celebration of the World War II Doolittle Raiders and to visit the Air Force Museum.
The board joined other school districts in the area by adopting a resolution that designated Oct. 21-25 as School Bus Safety Week and recognizes the contributions made by school bus drivers, attendants, mechanics, coordinators and other support staff in the Transportation Department who work to keep children safe.
In addition, the following Students of the Month were recognized at the meeting: JJ Bryan, of Greenwood Early Learning Center; Wally Lutz, Green Primary School; Julia Tsarnas, Green Intermediate School; Annie Zwisler, Green Middle School; and Kristen Starkey and Adam Gabriel, Green High School.
The next regular board meeting will take place Nov. 25 at 6:30 p.m. in Council Chambers of the Central Administration Building, 1755 Town Park Blvd.
More Community News
- Council discusses Montrose traffic upgrade
- Tree festival puts spotlight on season
- Akron Council mulls moving election of officers
- Seasonal volunteer opportunities abound in area
- Ronald McDonald House set to grow
- Holiday décor sparkles at tree festival
- West Side News & Notes
- Copley trustees award building replacement bidq
- VFW Post 349 recognizes veteran support groups at dinner
- IRS recommends reviewing tax status now
- Richfield Council adds historic overlay district to zoning code
- BBB offering shopping, giving advice
- Richfield trustees preparing for move into new building
- ADM Board honors trailblazers
- Akron RubberDucks helps to feed hungry, homeless
- West Akron Baseball League volunteers clean up yards
- New Franklin accepted into SWSCOG
- Pokorny family savors special Thanksgiving
- Green Council OKs finance items
- South Side News & Notes
- Akron Council mulls moving election of officers
- County Council learns of upcoming road projects
Calendar of Events
- Food Addicts in Recovery Anonymous - 11/26/2015
- Ballroom Nights - 11/27/2015
- Black Friday Music Party - 11/27/2015
- Author Fran Wilde - 11/28/2015
- “Nutcracker” - 11/28/2015