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| Todd
Carpenter |
Email
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330-947-3789 |
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| This section is prepared to give community residents a basic financial overview about their School District. The following will illustrate the District's financial resources and financial obligations, and the status of Local and State funding. Thank you for your
interest. |
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| Five-Year Financial Forecast |
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| Beginning in Fiscal Year 1999, the State of Ohio mandated all public schools complete a yearly five-year forecast. This forecast must show three years of revenue and expenditure history plus five years of estimated future revenues and expenditures. This planning tool is designed to make sure Ohio's schools have the financial resources available to meet their anticipated expenditure requirements.
With the passage of the five year 5.9 mill emergency levy and barring potential state cuts, the Waterloo School District has enough money to meet it's current contractual commitments
through fiscal year 2017. |
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Five-Year
Forecast
Five-Year Forecast Notes
(Board Approved FY
2013-2017)
(Opens in PDF)
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| The future level of Local Funding depends largely on the level of future State Funding. It has been the goal and objective of the Board of Education and Administration to provide, within available resources, an appropriate educational program and learning environment which will effectively meet the educational needs of its students. The Board and Administration feels that it has
continued to provide an exceptional educational program. |
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| Additional Financial Data |
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| Current Mills |
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Inside Millage |
Voted Millage |
Total Effective Millage |
| Inside |
|
5.30 |
|
5.30 |
| Outside |
|
|
43.30 |
15.74 |
| Bond |
|
|
5.53 |
5.53 |
| Perm. Imp. |
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|
Expired |
Expired |
| Emergency |
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Expired |
Expired |
| Classroom - Facilities
Maintenance |
|
|
0.50 |
0.40 |
| |
Total |
5.30 |
49.33 |
26.98 |
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The Board of Education would like to thank the
voters for the passage of the five year 5.9 mill emergency levy on 2/5/2013.
The voters did approve a 7.95 mill bond issue in 2000 that earned approx. 15 million from the State
which permitted the construction of a new K-12 campus facility.
Funds:
Governmental and Similar Fiduciary Funds: General, Federal and
State, Special Revenue, Bond Retirement, Athletic, Student Activity.
Proprietary Funds:
Food Service
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How
schools are funded
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Performance
Audit Executive Summary
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Performance
Audit Financial Systems
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Performance
Audit Human Resources
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Performance
Audit Facilities
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Performance
Audit Transportation
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Waterloo
Local School District Performance Audit
District Response (Financial Systems)
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Performance
Audit Waterloo's Response Part 1
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Performance
Audit Waterloo's Response Part 2
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