2020 Mariemont City Schools Financial Annual Report

Page 1

Mariemont Experience Letter from the Treasurer

NON-PROFIT ORG. U.S. POSTAGE PAID CINCINNATI, OHIO Permit No. 1082

THE VALUE OF THE The Mariemont City School District provides an excellent value for all community residents and prides itself on being on the cutting edge of instructional best practice in the classrooms. Because of strong fiscal responsibility, the district is able to dedicate 70% of its spending to staff and students through instruction. The passage of the operating levy in the fall of 2018 also allows for the district to continue allocating the appropriate level of funds into the classroom.

If there is one thing that is certain throughout 2020 so far, it’s that the Mariemont City School District is a special place.

It is this caring and helpful culture that reminds me why I do what I do. It is the students, staff and community members that we advocate for each and every day. You are the reason we work so hard to spend wisely and budget successfully. Because you deserve the same level of dedication from your school district that you give to it. This financial annual report was designed to give you a firsthand look at our district’s financial status as well as some insight into the top financial issues we are facing as a district. I am proud of our district’s transparency and responsibility when it comes to our finances and I hope this report showcases this to you. Inside you will see just how Mariemont City Schools is staying accountable to, and advocating for, you the taxpayers. We will overview the Mariemont High School Facility Construction Project as well as potential implications the COVID-19 situation may have on our schools.. We also continue to shed light on the many ways our schools provide an incredible value to our community.

In addition to the awards and accolades listed below, Mariemont City Schools has excelled in and out of the classroom. Mariemont High School students combined for an ACT score of 25.0 in 2019, well above the 20.0 state and 20.7 national averages. In fact, MHS students have scored an average of 4.9 points over the national average since 2013, demonstrating sustained success.

Financial

These types of excellent programs and academic success are made possible because of strong fiscal management and continued financial support from taxpayers.

I want to thank our entire community for the support each and every year, but especially during the trying times we find ourselves in currently. I know that we will get through this together and I cannot wait to see you all again soon. Please feel free to contact me should you have any questions regarding this Financial Annual Report. I am happy to discuss this information with our community at any time.

86%

Sincerely,

Tom Golinar Mariemont City Schools Treasurer/CFO

2020

The district also boasts an award-winning Warriors BEyond program which is a K-12 initiative to provide experiential learning outside the confines of the traditional classroom setting. Students in grades 4-8 participate in weekly hands-on, ungraded self-selected courses to foster passion exploration and build new interests while students at the high school participate in travel opportunities and have the option to create their own credit classes through Master Class.

One of only 31 districts statewide, and one of only 5 locally, to receive an overall grade of 'A' on the 2019 Ohio Department of Education state report card.

Mariemont High School was named the top school in the state of Ohio, and the No. 51 school nationally, in Newsweek's 2019 rankings of top STEM high schools in America.

www.mariemontschools.org

86% of 2019 graduates attended a two or four-year college or university and the class collectively earned a total of $6 million in scholarships.

Mariemont City Schools 2 Warrior Way | Cincinnati, Ohio 45227 513.272.7500 | www.mariemontschools.org

We are currently living in unprecedented times, where community is replaced with social distancing and classrooms are replaced with remote learning. And through it all, I just keep thinking how lucky we all are to be a part of this school district. Through times of trial, I have seen so many step up to help however they can. We are truly taking care of each other.

ANNUAL REPORT


Mariemont Experience Letter from the Treasurer

NON-PROFIT ORG. U.S. POSTAGE PAID CINCINNATI, OHIO Permit No. 1082

THE VALUE OF THE The Mariemont City School District provides an excellent value for all community residents and prides itself on being on the cutting edge of instructional best practice in the classrooms. Because of strong fiscal responsibility, the district is able to dedicate 70% of its spending to staff and students through instruction. The passage of the operating levy in the fall of 2018 also allows for the district to continue allocating the appropriate level of funds into the classroom.

If there is one thing that is certain throughout 2020 so far, it’s that the Mariemont City School District is a special place.

It is this caring and helpful culture that reminds me why I do what I do. It is the students, staff and community members that we advocate for each and every day. You are the reason we work so hard to spend wisely and budget successfully. Because you deserve the same level of dedication from your school district that you give to it. This financial annual report was designed to give you a firsthand look at our district’s financial status as well as some insight into the top financial issues we are facing as a district. I am proud of our district’s transparency and responsibility when it comes to our finances and I hope this report showcases this to you. Inside you will see just how Mariemont City Schools is staying accountable to, and advocating for, you the taxpayers. We will overview the Mariemont High School Facility Construction Project as well as potential implications the COVID-19 situation may have on our schools.. We also continue to shed light on the many ways our schools provide an incredible value to our community.

In addition to the awards and accolades listed below, Mariemont City Schools has excelled in and out of the classroom. Mariemont High School students combined for an ACT score of 25.0 in 2019, well above the 20.0 state and 20.7 national averages. In fact, MHS students have scored an average of 4.9 points over the national average since 2013, demonstrating sustained success.

Financial

These types of excellent programs and academic success are made possible because of strong fiscal management and continued financial support from taxpayers.

I want to thank our entire community for the support each and every year, but especially during the trying times we find ourselves in currently. I know that we will get through this together and I cannot wait to see you all again soon. Please feel free to contact me should you have any questions regarding this Financial Annual Report. I am happy to discuss this information with our community at any time.

86%

Sincerely,

Tom Golinar Mariemont City Schools Treasurer/CFO

2020

The district also boasts an award-winning Warriors BEyond program which is a K-12 initiative to provide experiential learning outside the confines of the traditional classroom setting. Students in grades 4-8 participate in weekly hands-on, ungraded self-selected courses to foster passion exploration and build new interests while students at the high school participate in travel opportunities and have the option to create their own credit classes through Master Class.

One of only 31 districts statewide, and one of only 5 locally, to receive an overall grade of 'A' on the 2019 Ohio Department of Education state report card.

Mariemont High School was named the top school in the state of Ohio, and the No. 51 school nationally, in Newsweek's 2019 rankings of top STEM high schools in America.

www.mariemontschools.org

86% of 2019 graduates attended a two or four-year college or university and the class collectively earned a total of $6 million in scholarships.

Mariemont City Schools 2 Warrior Way | Cincinnati, Ohio 45227 513.272.7500 | www.mariemontschools.org

We are currently living in unprecedented times, where community is replaced with social distancing and classrooms are replaced with remote learning. And through it all, I just keep thinking how lucky we all are to be a part of this school district. Through times of trial, I have seen so many step up to help however they can. We are truly taking care of each other.

ANNUAL REPORT


What Funds our Schools? Every two years, the governor of Ohio is required to put forth an initial budget plan which is vetted among state committees and finalized by the end of June. While Mariemont City Schools continues to monitor the legislation out of Columbus, the funding the district receives from the state continues to trend downward.

State Per Pupil Amount When Funded at 100%

State Per Pupil Amount given to Mariemont City Schools

Facility Construction Project

Since the 2014-15 school year, Mariemont City Schools has lost more than $1.5 million in state aid. Additionally, the district continues to receive only 31% of the full state Per Pupil amount based on property values and income levels of the district residents.

Because the district continues to lose funding from the state, it is as important now as ever to protect the tax dollars of the community. Property tax dollars from the local community is the primary source of revenue for Mariemont City Schools.

Local Taxes

State Revenue

75%

22%

INTEREST LEVY

DONATIONS

The most visible part of the Mariemont Experience in 2019 was the Mariemont High School Facility Construction Project, thanks to a permanent improvement levy which was passed by community members in the fall of 2018. These permanent improvement dollars combined with investment interest funds and private donations will allow the school district to open a state-of-the-art high school to serve the district for years to come.

The new Mariemont High School will feature 24 classrooms, nine science and technology labs, and five collaboration areas. It also will include upgraded safety and security features with a central spine of the building to create easier way finding and better traffic flow.

START

UILDING ON

EXCELLENCE Mariemont High School Facility Construction Project

24 Classrooms

$4,921,248

9 Science and Technology Labs

5 Collaboration Areas

$4,165,010 $3,310,133

3,000,000 2,000,000

Other

1,000,000

3%

0

FY04

FY09

FY14

FY19

State funding to Mariemont City Schools has decreased by 37% over the past 16 years.

JAN FEB MA R APR MAY JUL AUG SEP OCT NOV DEC

FACILITY PROJECT COMMUNITY OPEN HOUSE EVENTS

At this point it is unclear the magnitude of the impact that the COVID-19 pandemic will have on the Mariemont High School Facility Construction Project timeline, but Turner Construction has seen a decrease of 20% in the workforce and is monitoring supply chain disruptions as well. Before the pandemic, things were running smoothly with both the project budget and timeline and the district is working closely with the construction team to mitigate disruptions as much as possible during these uncertain times.

DESIGN PHASE BEGINS

Arts/athletics wing renovation System replacements

CONSTRUCTION PHASE 1 BEGINS Preliminary site work

20 JAN FEB MAR APR MAY

JUN JUL AUG SEP OCT NOV DEC

CONSTRUCTION PHASE 2B BEGINS

$5,215,044

4,000,000

19

21

Mariemont City Schools 5,000,000

AUG SEP OCT NOV DEC

JUN

STATE FUNDING HISTORY FOR

6,000,000

Learning Continues Amid COVID-19 Pandemic

LOCAL FUNDING

STATE FUNDING

31%

MARIEMONT HIGH SCHOOL

JAN FEB MAR APR MAY

JUN JUL AUG

FINISH

Secondary access drive addition Temporary classroom installation

Mariemont City Schools is committed to maintaining the continuity of services as best as possible during the extended school building closure caused by the COVID-19 pandemic. The Remote Learning Program began for all students and staff on March 30 and will continue throughout the duration of the building closure. Additionally, student services including lunch delivery, mental health and counseling services and nursing support are ongoing as needed. The district staff has worked tirelessly to find new ways of teaching virtually, the students have adapted and engaged with their teachers and families have partnered with the district to continue providing quality education. Overall, the district was prepared to implement virtual learning because the community had the vision to invest in the school district. This allowed for the students and staff to be equipped with the technology needed to teach and learn virtually and keep the instruction consistent. The Remote Learning Program is a team effort and Mariemont City Schools is committed to its standard of excellence, even during these unprecedented times.

CONSTRUCTION PHASE 2A BEGINS Building demolition New academic wing construction

FINANCIAL IMPACT OF COVID-19 ON THE MCSD The COVID-19 pandemic has disrupted daily life across the globe and forced schools, businesses and individuals to manage a new reality. As far as finances are concerned, the entire scope of the financial impact of COVID-19 is not yet known as further reductions in state funding are possible. The district will continue to monitor how the pandemic affects the financial landscape of the economy and any potential impact it may have on Mariemont City Schools moving forward.

HOW CAN I HELP? During these challenging and unprecedented times of the Coronavirus health crisis, the Mariemont City Schools community recognizes the importance of helping its neighbors. While school buildings are closed and students are home, some families are experiencing hardship and looking to the district for support. The Mariemont School Foundation has made its Angel Fund available to assist families in need with grocery store gift cards, school supplies and internet access. If you would like to contribute to the MSF Angel Fund to meet immediate needs during the COVID-19 extended school building closure, click the Angel Fund Donation link on the district's Coronavirus Update webpage.


What Funds our Schools? Every two years, the governor of Ohio is required to put forth an initial budget plan which is vetted among state committees and finalized by the end of June. While Mariemont City Schools continues to monitor the legislation out of Columbus, the funding the district receives from the state continues to trend downward.

State Per Pupil Amount When Funded at 100%

State Per Pupil Amount given to Mariemont City Schools

Facility Construction Project

Since the 2014-15 school year, Mariemont City Schools has lost more than $1.5 million in state aid. Additionally, the district continues to receive only 31% of the full state Per Pupil amount based on property values and income levels of the district residents.

Because the district continues to lose funding from the state, it is as important now as ever to protect the tax dollars of the community. Property tax dollars from the local community is the primary source of revenue for Mariemont City Schools.

Local Taxes

State Revenue

75%

22%

INTEREST LEVY

DONATIONS

The most visible part of the Mariemont Experience in 2019 was the Mariemont High School Facility Construction Project, thanks to a permanent improvement levy which was passed by community members in the fall of 2018. These permanent improvement dollars combined with investment interest funds and private donations will allow the school district to open a state-of-the-art high school to serve the district for years to come.

The new Mariemont High School will feature 24 classrooms, nine science and technology labs, and five collaboration areas. It also will include upgraded safety and security features with a central spine of the building to create easier way finding and better traffic flow.

START

UILDING ON

EXCELLENCE Mariemont High School Facility Construction Project

24 Classrooms

$4,921,248

9 Science and Technology Labs

5 Collaboration Areas

$4,165,010 $3,310,133

3,000,000 2,000,000

Other

1,000,000

3%

0

FY04

FY09

FY14

FY19

State funding to Mariemont City Schools has decreased by 37% over the past 16 years.

JAN FEB MA R APR MAY JUL AUG SEP OCT NOV DEC

FACILITY PROJECT COMMUNITY OPEN HOUSE EVENTS

At this point it is unclear the magnitude of the impact that the COVID-19 pandemic will have on the Mariemont High School Facility Construction Project timeline, but Turner Construction has seen a decrease of 20% in the workforce and is monitoring supply chain disruptions as well. Before the pandemic, things were running smoothly with both the project budget and timeline and the district is working closely with the construction team to mitigate disruptions as much as possible during these uncertain times.

DESIGN PHASE BEGINS

Arts/athletics wing renovation System replacements

CONSTRUCTION PHASE 1 BEGINS Preliminary site work

20 JAN FEB MAR APR MAY

JUN JUL AUG SEP OCT NOV DEC

CONSTRUCTION PHASE 2B BEGINS

$5,215,044

4,000,000

19

21

Mariemont City Schools 5,000,000

AUG SEP OCT NOV DEC

JUN

STATE FUNDING HISTORY FOR

6,000,000

Learning Continues Amid COVID-19 Pandemic

LOCAL FUNDING

STATE FUNDING

31%

MARIEMONT HIGH SCHOOL

JAN FEB MAR APR MAY

JUN JUL AUG

FINISH

Secondary access drive addition Temporary classroom installation

Mariemont City Schools is committed to maintaining the continuity of services as best as possible during the extended school building closure caused by the COVID-19 pandemic. The Remote Learning Program began for all students and staff on March 30 and will continue throughout the duration of the building closure. Additionally, student services including lunch delivery, mental health and counseling services and nursing support are ongoing as needed. The district staff has worked tirelessly to find new ways of teaching virtually, the students have adapted and engaged with their teachers and families have partnered with the district to continue providing quality education. Overall, the district was prepared to implement virtual learning because the community had the vision to invest in the school district. This allowed for the students and staff to be equipped with the technology needed to teach and learn virtually and keep the instruction consistent. The Remote Learning Program is a team effort and Mariemont City Schools is committed to its standard of excellence, even during these unprecedented times.

CONSTRUCTION PHASE 2A BEGINS Building demolition New academic wing construction

FINANCIAL IMPACT OF COVID-19 ON THE MCSD The COVID-19 pandemic has disrupted daily life across the globe and forced schools, businesses and individuals to manage a new reality. As far as finances are concerned, the entire scope of the financial impact of COVID-19 is not yet known as further reductions in state funding are possible. The district will continue to monitor how the pandemic affects the financial landscape of the economy and any potential impact it may have on Mariemont City Schools moving forward.

HOW CAN I HELP? During these challenging and unprecedented times of the Coronavirus health crisis, the Mariemont City Schools community recognizes the importance of helping its neighbors. While school buildings are closed and students are home, some families are experiencing hardship and looking to the district for support. The Mariemont School Foundation has made its Angel Fund available to assist families in need with grocery store gift cards, school supplies and internet access. If you would like to contribute to the MSF Angel Fund to meet immediate needs during the COVID-19 extended school building closure, click the Angel Fund Donation link on the district's Coronavirus Update webpage.


What Funds our Schools? Every two years, the governor of Ohio is required to put forth an initial budget plan which is vetted among state committees and finalized by the end of June. While Mariemont City Schools continues to monitor the legislation out of Columbus, the funding the district receives from the state continues to trend downward.

State Per Pupil Amount When Funded at 100%

State Per Pupil Amount given to Mariemont City Schools

Facility Construction Project

Since the 2014-15 school year, Mariemont City Schools has lost more than $1.5 million in state aid. Additionally, the district continues to receive only 31% of the full state Per Pupil amount based on property values and income levels of the district residents.

Because the district continues to lose funding from the state, it is as important now as ever to protect the tax dollars of the community. Property tax dollars from the local community is the primary source of revenue for Mariemont City Schools.

Local Taxes

State Revenue

75%

22%

INTEREST LEVY

DONATIONS

The most visible part of the Mariemont Experience in 2019 was the Mariemont High School Facility Construction Project, thanks to a permanent improvement levy which was passed by community members in the fall of 2018. These permanent improvement dollars combined with investment interest funds and private donations will allow the school district to open a state-of-the-art high school to serve the district for years to come.

The new Mariemont High School will feature 24 classrooms, nine science and technology labs, and five collaboration areas. It also will include upgraded safety and security features with a central spine of the building to create easier way finding and better traffic flow.

START

UILDING ON

EXCELLENCE Mariemont High School Facility Construction Project

24 Classrooms

$4,921,248

9 Science and Technology Labs

5 Collaboration Areas

$4,165,010 $3,310,133

3,000,000 2,000,000

Other

1,000,000

3%

0

FY04

FY09

FY14

FY19

State funding to Mariemont City Schools has decreased by 37% over the past 16 years.

JAN FEB MA R APR MAY JUL AUG SEP OCT NOV DEC

FACILITY PROJECT COMMUNITY OPEN HOUSE EVENTS

At this point it is unclear the magnitude of the impact that the COVID-19 pandemic will have on the Mariemont High School Facility Construction Project timeline, but Turner Construction has seen a decrease of 20% in the workforce and is monitoring supply chain disruptions as well. Before the pandemic, things were running smoothly with both the project budget and timeline and the district is working closely with the construction team to mitigate disruptions as much as possible during these uncertain times.

DESIGN PHASE BEGINS

Arts/athletics wing renovation System replacements

CONSTRUCTION PHASE 1 BEGINS Preliminary site work

20 JAN FEB MAR APR MAY

JUN JUL AUG SEP OCT NOV DEC

CONSTRUCTION PHASE 2B BEGINS

$5,215,044

4,000,000

19

21

Mariemont City Schools 5,000,000

AUG SEP OCT NOV DEC

JUN

STATE FUNDING HISTORY FOR

6,000,000

Learning Continues Amid COVID-19 Pandemic

LOCAL FUNDING

STATE FUNDING

31%

MARIEMONT HIGH SCHOOL

JAN FEB MAR APR MAY

JUN JUL AUG

FINISH

Secondary access drive addition Temporary classroom installation

Mariemont City Schools is committed to maintaining the continuity of services as best as possible during the extended school building closure caused by the COVID-19 pandemic. The Remote Learning Program began for all students and staff on March 30 and will continue throughout the duration of the building closure. Additionally, student services including lunch delivery, mental health and counseling services and nursing support are ongoing as needed. The district staff has worked tirelessly to find new ways of teaching virtually, the students have adapted and engaged with their teachers and families have partnered with the district to continue providing quality education. Overall, the district was prepared to implement virtual learning because the community had the vision to invest in the school district. This allowed for the students and staff to be equipped with the technology needed to teach and learn virtually and keep the instruction consistent. The Remote Learning Program is a team effort and Mariemont City Schools is committed to its standard of excellence, even during these unprecedented times.

CONSTRUCTION PHASE 2A BEGINS Building demolition New academic wing construction

FINANCIAL IMPACT OF COVID-19 ON THE MCSD The COVID-19 pandemic has disrupted daily life across the globe and forced schools, businesses and individuals to manage a new reality. As far as finances are concerned, the entire scope of the financial impact of COVID-19 is not yet known as further reductions in state funding are possible. The district will continue to monitor how the pandemic affects the financial landscape of the economy and any potential impact it may have on Mariemont City Schools moving forward.

HOW CAN I HELP? During these challenging and unprecedented times of the Coronavirus health crisis, the Mariemont City Schools community recognizes the importance of helping its neighbors. While school buildings are closed and students are home, some families are experiencing hardship and looking to the district for support. The Mariemont School Foundation has made its Angel Fund available to assist families in need with grocery store gift cards, school supplies and internet access. If you would like to contribute to the MSF Angel Fund to meet immediate needs during the COVID-19 extended school building closure, click the Angel Fund Donation link on the district's Coronavirus Update webpage.


Mariemont Experience Letter from the Treasurer

NON-PROFIT ORG. U.S. POSTAGE PAID CINCINNATI, OHIO Permit No. 1082

THE VALUE OF THE The Mariemont City School District provides an excellent value for all community residents and prides itself on being on the cutting edge of instructional best practice in the classrooms. Because of strong fiscal responsibility, the district is able to dedicate 70% of its spending to staff and students through instruction. The passage of the operating levy in the fall of 2018 also allows for the district to continue allocating the appropriate level of funds into the classroom.

If there is one thing that is certain throughout 2020 so far, it’s that the Mariemont City School District is a special place.

It is this caring and helpful culture that reminds me why I do what I do. It is the students, staff and community members that we advocate for each and every day. You are the reason we work so hard to spend wisely and budget successfully. Because you deserve the same level of dedication from your school district that you give to it. This financial annual report was designed to give you a firsthand look at our district’s financial status as well as some insight into the top financial issues we are facing as a district. I am proud of our district’s transparency and responsibility when it comes to our finances and I hope this report showcases this to you. Inside you will see just how Mariemont City Schools is staying accountable to, and advocating for, you the taxpayers. We will overview the Mariemont High School Facility Construction Project as well as potential implications the COVID-19 situation may have on our schools.. We also continue to shed light on the many ways our schools provide an incredible value to our community.

In addition to the awards and accolades listed below, Mariemont City Schools has excelled in and out of the classroom. Mariemont High School students combined for an ACT score of 25.0 in 2019, well above the 20.0 state and 20.7 national averages. In fact, MHS students have scored an average of 4.9 points over the national average since 2013, demonstrating sustained success.

Financial

These types of excellent programs and academic success are made possible because of strong fiscal management and continued financial support from taxpayers.

I want to thank our entire community for the support each and every year, but especially during the trying times we find ourselves in currently. I know that we will get through this together and I cannot wait to see you all again soon. Please feel free to contact me should you have any questions regarding this Financial Annual Report. I am happy to discuss this information with our community at any time.

86%

Sincerely,

Tom Golinar Mariemont City Schools Treasurer/CFO

2020

The district also boasts an award-winning Warriors BEyond program which is a K-12 initiative to provide experiential learning outside the confines of the traditional classroom setting. Students in grades 4-8 participate in weekly hands-on, ungraded self-selected courses to foster passion exploration and build new interests while students at the high school participate in travel opportunities and have the option to create their own credit classes through Master Class.

One of only 31 districts statewide, and one of only 5 locally, to receive an overall grade of 'A' on the 2019 Ohio Department of Education state report card.

Mariemont High School was named the top school in the state of Ohio, and the No. 51 school nationally, in Newsweek's 2019 rankings of top STEM high schools in America.

www.mariemontschools.org

86% of 2019 graduates attended a two or four-year college or university and the class collectively earned a total of $6 million in scholarships.

Mariemont City Schools 2 Warrior Way | Cincinnati, Ohio 45227 513.272.7500 | www.mariemontschools.org

We are currently living in unprecedented times, where community is replaced with social distancing and classrooms are replaced with remote learning. And through it all, I just keep thinking how lucky we all are to be a part of this school district. Through times of trial, I have seen so many step up to help however they can. We are truly taking care of each other.

ANNUAL REPORT


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