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Treasurer outlines valuation shifts, abatements and membership choices as board approves monthly financials
Summary
Treasurer Carrie presented December 2024 financial reports showing a temporary negative general fund balance (timing issue), reviewed changes in property-class valuations and abatements, and recommended renewing a $1,500 Ohio Education Policy Institute membership and establishing an abatement fund; the board approved the treasurer's report.
Carrie, the district treasurer, told the Anthony Wayne Local School District board that the district’s December 2024 financial reports show a negative general fund balance when accounts are presented “by fund,” a timing artifact the treasurer said will correct as real-estate tax receipts begin in January and February.
Carrie reviewed recent valuation changes provided by the county auditor and discussed abatement billing. She reported class 1 (residential and agricultural) valuation for the prior year at $1,144,000,000; class 2 (commercial and industrial) rose from about $139,500,000 to $179,300,000 (a 28.49% increase, as presented); and tangible personal/public utility personal values decreased from about $80,685,000 to $60,816,000 (a 24.62% drop). The treasurer said these shifts together produced an overall district valuation increase she quantified in the meeting as $370,000,852. She cautioned several times that some numbers were not yet final and that she was awaiting the county auditor’s settlement and final rates.
On levy math and millage, the treasurer explained how valuations affect effective millage: she said the district’s previously proposed 2.42 mills would have produced about $3.3 million under prior valuations, while the current effective millage cited in the meeting—about 1.99 mills—would generate a roughly estimated $3.4 million to $3.6 million. She attributed the final numbers as contingent on the auditor’s settlement and said the district should expect advance payments and a final settlement in March.
Other items in the treasurer’s report included a $1,500 annual membership renewal for the Ohio Education Policy Institute, a donation of 28 books from a former Anthony Wayne student (Shelby Harrington) distributed by the district media specialist, and the establishment of an abatement fund to process billed abatements (the treasurer said abatement invoices were mailed Jan. 3 after auditor rates were received December 30). The board voted to approve the treasurer’s report as part of the monthly financial approvals.
The treasurer repeatedly characterized some figures as estimates and asked for confirmation from the county auditor; she requested that the auditor provide forecasted settlement details so the district can update its five-year forecast.
