2016 Financial Annual Report

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T rad it ion. C om mu n it y. I n nova t ion.

2 016 F I NA N C I A L A N N UA L R E P O R T


2 016 F I N A N C I A L A N N UA L R E P O R T Strong community involvement, commitment and engagement have long defined the work of the Mariemont City School District. And this has never been truer and more important than it is today.

Our school district has never been about “business as usual.” We strive for excellence. On a daily basis, we work to systemically increase individual student achievement through rigorous curriculum design, instructional best practices and purposeful environments that maximize learner autonomy and capacity to thrive in the 21st century.

You have likely heard that we will soon need to make some important decisions regarding the long-term plan for our high school facility. These are decisions that we do not take lightly and will not make without a tremendous amount of feedback and input from all of the stakeholders in our community. This is why we have defined an extensive process to drive our conversations over the next year to finalize a Master Facility Plan for Mariemont High School.

The thing is, today’s students are different; technology is different; colleges and employers expect different; and the world outside of school is different. We need to make sure we continue to prepare our students to be leaders of tomorrow at all grade levels and in all of our buildings.

This plan will help to guide decisions regarding needed repairs, upgrades and/or replacement of the high school facility. As we enter the Solution Phase of creating the Master Facility Plan, we begin to narrow the solutions for our high school facility. There is no zero-cost solution as we can’t ignore needed repairs, and this is why your input is more critical now than ever, and I invite you to join us at the upcoming Design Workshops to offer your feedback and suggestions. You can find more information about these community events on the back of this report.

We are committed to meeting the academic expectations of our community. We are also committed to the strong fiscal management that is a part of our district’s rich history and tradition. It is for this reason that we continually seek ways to increase efficiencies and make spending reductions, and Superintendent Estepp and I are always striving to provide the best value and the best experience for our students, parents, teachers and community members. We pride ourselves on offering a great education and experience for a great value. This annual report is one of many ways we disseminate district finances in as

It’s a great time to be a part of the Mariemont City School District! Our staff is committed; our students are learning; and the partnership with we have with our community is strong. Thank you for your continued support! Sincerely,

Steven Estepp Superintendent, Mariemont City Schools

transparent of a manner as possible. My hope is that you will spend some time reviewing this report to develop a better understanding of our school district’s finances and how we spend our money. The financial health of our school district is important to all of us. Please stay engaged and connected with us and find ways to share input, suggestions and ideas that will ensure the long term success of our wonderful school district. Respectfully,

Tom Golinar Treasurer, Mariemont City Schools


2 016 F I N A N C I A L A N N UA L R E P O R T Acheivements at a Glance

92

AP Scholars

46

11

Arts Performances

National Merit Scholars

2,139 10th years served in the district by current staff members

in the country as a school district that commands top premiums for home values

593

participants in after-school art and music enrichment opportunities through Warriors BEyond

$6 million offered to MHS students in 2016 for merit-based scholarships

92%

of the graduating class pursued higher education opportunities at 44 institutions across 22 states

District Staffing

Teaching Staff Aides Clerical Staff

Maintenance

4%

18%

7%

Administrative Staff 5%

66%

We direct resources to the classroom.


2 016 F I N A N C I A L A N N UA L R E P O R T

Savings From Cost Reductions, Cost Avoidance, and Efficiencies

Where Does the Money Come From to Educate Your Child?

25%

75%

Total: $350,000

State Revenue

Locally Generated Revenue

 State Per Pupil  Real Estate Taxes  Fees  Interest

Funding  Homestead & Rollback  Tangible Personal Property Tax Reimbursements

We carefully monitor our spending & seek better ways of doing business.


2 016 F I N A N C I A L A N N UA L R E P O R T District Revenue from Tangible Personal Property Tax $2,500,000 2,500,000

$2,000,000 2,000,000

$1,500,000 1,500,000

$1,000,000 1,000,000

500,000 $500,000

0 $0

2008 2011 2014

PROJECTED

2017 2018 2019 2020

Total Expenditures: $21,159,846 Transportation Other 1.5% 4% Administrative & Fiscal Services 10%

Districts like ours once enjoyed significant state revenue and now we are seeing it reduced. We have budgeted accordingly. Total Revenues: $23,844,208 Other 1%

Extracurricular 3%

State Revenue 25% Maintenance & Facilities 12%

Instruction 69.5%

Local Taxes 74%


2 016 F I N A N C I A L A N N UA L R E P O R T

It’s time. We must revisit & complete the final section of the 2009 Master Facilities Plan: The high school.

Capital Expenditures for Maintenance 2016 2015 2014 2013 2012 MHS :

$500,000

OTHER 3 BUILDING S COMBINED :

<$100,000

Classroom Size Comparison

672 Sq. Ft.

MHS average size learning space

930 Sq. Ft. 950 Sq. Ft.

According to the OFCC, it would cost approximately

$18,000,000

to bring MHS to today’s code and standard

Average size learning space recommended by Ohio Facilities Construction Commision

Average size learning space in other district buildings

Board of Education: Nan Dill | Bill Flynn | Mike Gaburo | Kelli Neville | Ken White For more information about Mariemont City Schools, please visit the school district website at www.mariemontschools.org.


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