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Treasurer says five-year forecast shows Warrensville Heights funded across five years
Summary
Treasurer Dr. Rock reported that the district's five-year forecast shows all five years funded, payroll and benefits are about 70% of the budget (below the Ohio Department of Education's 85% threshold), and the district is monitoring state fair-school-funding phase-in and interest-rate trends.
Dr. Rock, the district treasurer, presented the five-year forecast and financial analysis and told the board that the district's five-year plan shows all five years funded.
Dr. Rock walked the board through key lines of the forecast: the unreserved fund balance (line 15.0) and line 6.01 (spending within current resources). He said the district has maintained spending within current…
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