Superintendent's Message

Brent Welker

Brent Welker
Superintendent

10.4.19

Dear Community Members:

 

I hope this email finds you well and ready for a wonderful fall weekend!

There are several items this weekend including the September Financial Report.

 

ROOM 7 NEWS HOMECOMING ADDITION!

Click the link below to see the latest version of the Room 7 news. Not tackling global warming, but definitely hitting on the important topics at Eastwood HS! Enjoy and great job kids!

https://drive.google.com/file/d/1x8WMiM-cdpkpv5cD6Bjm5l8Kfgq-F0tx/view

 

EASTWOOD SCHOOL DISTRICT LIBRARY LEVY

In November district residents will have a renewal on the ballot for a library levy. It will be posted as Eastwood LSD – Pemberville Library on your ballot. The district has a relationship with the Pemberville Library which includes branches in Luckey and Stony Ridge. Their Board Members are officially approved by our Board of Education, and we also approve their budgets and levy proposals.

This is not a formal levy request by the Board of Education. There is the opportunity for some confusion which is why I wanted to bring this to your attention.

Please consider supporting this .8 mill renewal. It collects roughly $28 per year on a $100,000 home. For a small investment you can help the Pemberville, Luckey and Stony Ridge Libraries provide valuable services to the Eastwood Community. Our students and residents have access to a vast network of libraries, summer reading programs that promote literacy for our youngest residents, and other numerous other programs.

Here is a link to some information:

https://pembervillelibrary.org/news/library-renewal-levy-november-5-2019-ballot

 

FINANCE COMMITTEE MEETING – TUESDAY OCTOBER 8TH

The first Finance Committee Meeting for the 2019-20 school year will be on Tuesday October 8th at 7:00 PM in the Bus Garage. We will focus significant time on the coming Five Year Forecast while setting the stage for some strategic work on where we see things going in the next 4-6 years. This is open to any community member.

 

SEPTEMBER FINANCIAL REPORT

Believe it or not, we are a quarter of the way through the current fiscal year. So far we are largely in line with our plan with the exception of a missed payment from the state on our Homestead and Rollback reimbursement. More below.

 

 

Eastwood Schools Financials

Friday, October 4, 2019

REVENUE

Projections

FY 2020

$$ change

% change

General Property Tax

$2,921,769.00

$2,886,719.51

-$35,049.49

-1.20%

Tangible Personal Property Tax

$0.00

$0.00

$0.00

0.00%

Income Tax

$700,549.49

$716,699.69

$16,150.20

2.31%

Unrestricted Grants-In-Aid* Includes SFSF

$1,523,016.60

$1,568,634.30

$45,617.70

3.00%

Restricted Grants-In-Aid

$12,244.14

$12,123.18

-$120.96

-0.99%

Property Tax Allocation

$300,263.42

$2,080.43

-$298,182.99

-99.31%

All Other

$314,683.00

$334,125.49

$19,442.49

6.18%

Advances / Other

$80,000.00

$89,366.17

$9,366.17

11.71%

TOTAL REVENUE

$5,852,525.65

$5,609,748.77

-$242,776.88

-4.15%

 

 

 

 

 

EXPENSES

Projections

FY 2020

$$ change

% change

Personnel Services

$2,417,942.00

$2,401,461.62

-$16,480.38

-0.68%

Retirement / Insurance

$969,600.00

$955,363.58

-$14,236.42

-1.47%

Purchased Services

$412,000.00

$433,593.73

$21,593.73

5.24%

Supplies / Materials

$202,500.00

$188,909.49

-$13,590.51

-6.71%

Capital Outlay

$26,500.00

$0.00

-$26,500.00

-100.00%

Other Objects

$352,200.00

$338,093.56

-$14,106.44

-4.01%

Advances / Transfers

$1,334,215.50

$1,334,215.50

$0.00

0.00%

TOTAL EXPENSES

$5,714,957.50

$5,651,637.48

-$63,320.02

-1.11%

 

REVENUES vs. EXPENSES

$137,568.15

-$41,888.71

-$179,456.86

-130.45%

 

 

QUICK HITS

 

1.      We never want to collect less than our projections on revenue items. Being down $35,049 from our projections on property taxes is always a concern. While not a large number, we hope that this does not continue into February.

2.      Under Property Tax Allocation, we did not get our Homestead and Rollback payment in September which is when this has happened traditionally. When Mr. McCracken contacted Columbus, they offered no explanation but said we will get the amount in October.

3.      Overall Expenses are $63,320.02 below projections. Nothing really sticks out. This is just 1.11% below estimates, but it is on the good side of our estimates!

 

 

Have a great weekend! Go Eagles!

Brent Welker, Superintendent
Eastwood Local Schools
120 E. College St.
PO Box 837
Pemberville, Ohio 43450
419-833-6411
 

"Leaders create Culture, Culture drives Behavior, Behavior produces Results." - Tim Kight




10/5/2019


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