A NOTE FROM THE TREASURER

The economy remains top of mind for many in our community and our nation as we closely watch inflation and the impacts of rising energy costs and wages. Our public school district is not immune to the same pressures felt in our households. Like many of you, Mariemont City Schools continue to tighten our belts and seek efficiencies and cost savings wherever possible.

We have striven to pursue and earn as much additional funding as possible to offset growing costs and flat state funding. These grants are helpful but also represent drops in the bucket and are not enough to overcome our reliance on local funding for the quality of education our community expects in our schools.

The last 2.5-mill operating issue was passed by voters in 2018 and was projected to fund the day-to-day operations of the district for four years through the 2021-2022 school year. Through strategic budget reductions and by leveraging emergency federal COVID-19 funding, we now project sufficient funds to maintain operations through the 2023-2024 school year and as a result will be able to delay a request to the community for funding. This is great news!

Our next Five-Year Forecast update will be completed in May and we will have more information to share at that time on the projected longevity of our current resources. I can assure you that we will continue to stretch the impact of each dollar where it matters most and remain steadfast in our commitment to a world-class education here in Mariemont City Schools.

Respectfully,

Tom Golinar Treasurer/CFO