Springfield district projecting healthy finances until 2018
Springfield Local School District’s finances are projected to remain healthy until 2018, according to district Treasurer Chris Adams.
Adams presented that information using a five-year forecast — a requirement of all school districts according to the Ohio Revised Code — at the Oct. 15 Board of Education meeting.
The forecast includes actual revenue and expenditures for 2011, 2012 and 2013, and projections for 2014 through 2018. Adams said the data shows the district is estimated to go into the red with $1.6 million in 2018.
He added the numbers projected for the past three years are not as reliable as the first two years.
According to the forecast, the total revenue for 2013 was almost $25.4 million, while expenditures were $24.6 million. In 2014, total revenue is expected to be $26 million while expenditures are projected to come in at $28 million. The forecast includes: $28 million in revenue and $26.7 million in expenditures for 2015; $24 million in revenue and $27.5 million in expenditures in 2016; $20.8 million in revenue and $28.7 million in expenditures in 2017; and $20.9 million in revenue and $30 million in expenditures in 2018.
Among the district’s biggest expenditures are salaries and benefits, which totaled more than $18 million in 2013, and are projected to increase to $19 million in 2014, $19.9 million in 2015, $20.6 million in 2016, $21.6 million in 2017 and $22.7 million in 2018. Cash from renewal levies due in 2016 and cash fund balances are not included in the above numbers.
Also at the meeting, Superintendent William Stauffer announced that an opportunity to visit the existing high school before demolition takes place will be offered Nov. 16 from 1 to 3 p.m. The event also will have old yearbooks available for purchase.
Regarding the new high school currently under construction, Stauffer stated 30 of the 50 tuned mass dampers designed to absorb vibrations discovered on the second floor have been installed to date.
He also responded to recent letters to the editor that have appeared in several newspapers indicating the new building was not inspected, and said he has shown stamps of inspections on plans to the media and others that indicate otherwise.
“Construction on the building is nearing completion,” Stauffer added. “A dedication ceremony and open house for the new high school is being planned for Jan. 4.”
In other business, the board approved the following personnel items:
- a supplemental contract for Dodi Zbuka to serve as district library coordinator; Zbuka had retired at the end of the last school year;
- the hiring of Alexis Carter as a teacher, effective Oct. 21, and Tracy Cole as a teaching assistant at Young Elementary, both pending proper licensure;
- the hiring of three education assistants, one bus driver and one substitute driver;
- the appointing of eight Literacy Leaders or substitutes for the Everyday Reading Program and two study table and three Friday school monitors;
- the appointing of nine employees to serve as Ohio’s Teacher Evaluation System (OTES) evaluators; and
- the granting of 20 non-sports supplemental contracts.
In addition, the board approved a memorandum of understanding with the Springfield Local Teacher Association regarding teacher evaluation, as well as a contract for services with the Summit County Educational Service Center for one OTES evaluator at a cost of $27,150.
A contract with the center for an audio-visual support specialist on an as needed basis also was approved.
Board members also voted to support a memorandum of understanding involving Springfield Township to allow the district to construct a portion of a new trail on Schrop Intermediate School property.
Board member Bobby Dinkins called the project “unique” in that three government entities, Springfield Local Schools and a private business are working together to benefit the community as a whole.
The next regular board meeting will take place Nov. 19 at 6 p.m. at Roosevelt Elementary School, 3110 Farmdale Road.
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