GREEN Each year school, districts are required to present two Five-year forecasts related to its fiscal outlook.
During the Oct. 23 Green Local Board of Education meeting, Treasurer Eydie Snowberger presented the district's latest five-year forecast, saying llittle has changed since the last report.
In terms of revenue, approximately 61 percent comes from the property taxes. While Summit County has shown a 7.8 percent increase in property values, Green has only grown about 3.1 percent. Snowberger had projected a growth of 2.4 percent, so the district still received more revenue there than anticipated. Plus, the district received additional dollars for new construction not to tied to fixed sum levies. As for state aid, it made up 37.1 percent of revenue, and while this equals to $6,010 dollars per student, since Green is considered a wealthy district, the state sends only $2,253, with the district being required to make up the difference.
Other revenue included a $729,000 tax increment financing (TIF) settlement with the city.
It was pointed out was that when Green was self insured, rates were climbing at an astronomical rate and, with one catastrophic claim, the school system could have been bankrupted. This led to the district joining the Stark County Schools Council of Government insurance group, which during the last six years has allowed the district to save around $10 million due to insurance holidays and premiums being lowered. This eliminated the need for an additional levy. However, projecting future expenses, it is anticipated that a renewal levy will have to go on the ballot to maintain a positive balance after 2020.
The report, which can be viewed at greenlocalschools.org, was later approved by the board.
In other business, the board:
- Honored staff and students. The Students of the Month were Trae Morian, Greenwood; Ethan Marquart, Green Primary; Caleb Smesko, Green Intermediate; Marc Adam, Green Middle School; and Maria Zivick and Adam Moresea, Green High School. Green Foundations Spotlight on Staff honored Faith Weber, secretary, transportation; Michelle DeViitis, Green High School guidance counselor secretary; and Lisa Pafford, Green High School health teacher.
- Accepted donations from All Sports Camp, VCA Animal Hospital and Sweet NEO Green for $500 each; and from Richard & Melody Sanner for $1,120.
- Approved a new grant Title IV (Fund 599), Student Support and Academic Enrichment, and added $10,994.60 to the permanent appropriations. The Consent Calendar was approved without modification, following an explanation by Superintendent Jeff Miller of the new state requirement to compute absences bases on hours rather than days. It was said that it will take a few months to have this integrated with the district reporting procedure, but it should be up and running by December.
- The Board adjourned without going into exectutive session.
The next board meeting will be at 6:30 p.m. Nov. 20 in the Central Administration Building.