Treasurer

Executive Summary

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For the first time in five years, Sylvania Schools ended fiscal year 2017 with a budget surplus thanks to community support of a new levy passed in November 2016. Conserving financial resources is critical to effectively navigating the ebb and flow of school finance. In response, the District has engaged in the development of spending plans that identify efficiency driven cost savings. Additional levy funds coupled with strategic financial planning will provide lasting benefits aimed at the preservation of Sylvania Schools’ educational foundation.

Public education is not without financial challenges. The uncertainty of state funding is an ongoing challenge evidenced by the two year budget that went into effect on July 1, 2017.  Under this budget, Sylvania Schools will lose approximately $3 million dollars through reductions to transportation and core funding. Despite the added pressure on the District’s financial resources, it remains committed to exceeding the needs of students.

Sylvania Schools is dedicated to being responsible fiscal stewards of taxpayer money. Focused planning and the prioritization of initiatives facilitate this objective. The District values its ongoing partnership with the community in the coming year. 

The fiscal year 2016 Comprehensive Annual Financial Report (CAFR)


The annual financial reports for Sylvania Schools for the fiscal year ending June 30, 2016, are available by clicking on the attachment below.
 
CAFR Report (PDF) (RFT)
 

Sylvania Schools 5-Year Forecast and Supporting Notes

The district is required to submit a five-year financial forecast and supporting notes two times each school year. The most recent version of the forecast and notes approved by the Board of Education can be viewed by clicking below. Be sure to review the notes along with the numbers, as they are key in understanding the meaning behind the numbers. The district's forecast and notes can also be viewed on The Ohio Department of Education website by clicking here.
 
5-year Forecast (PDF) (RFT)
Assumptions (PDF) (RFT)

Fiscal Stewardship

We are extremely grateful to our community for their support in the passage of our levy. Due to that passage, we are able to offer a great education to our students, simultaneously ensuring that Sylvania Schools remains a destination location for young families looking for a great education for their children.

To ensure transparency, Sylvania Schools has adopted the Ohio Online Checkbook to allow all community members access to our finances. You may find our checkbook at OhioCheckbook.com.

Contact

Lisa Shanks
Treasurer
419-824-8520 
 
Bradley J. Rieger Administration Building
4747 N. Holland Sylvania Road
Sylvania, Ohio 43560  
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