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Waterloo Local board approves salary grid, service agreements and five-year forecast; treasurer reports year-to-date surplus
Summary
The board approved a principal/assistant-principal salary grid, several purchase-of-service agreements (including Hazel Health and Jefferson ESC), multiple personnel contracts and a five-year forecast after hearing a treasurer report that noted October operating deficits but year-to-date surpluses.
The Waterloo Local Board of Education approved a series of personnel, contract and finance measures after routine reports and discussion.
Superintendent Dr. Clark recommended and the board approved a principal and assistant-principal salary grid covering the 2024-25 through 2026-27 school years, effective Aug. 1, 2024, as a retention tool for administrators.
The board also approved purchase-of-service agreements that include LearnWell for student-related services, Hazel Health (telehealth/mental-health services provided at no cost through a state grant), Franklin University for student-teacher placements and Jefferson Educational Service Center for virtual learning services and credit recovery options.
Personnel actions approved included contract-time adjustments for staff shifting from an ESC to the district, one-year limited and substitute contracts, supplemental contracts for extracurricular positions (including a revived drama program to stage Matilda in spring), and acceptance of a resignation that followed a one-year contract action.
Treasurer Scott Pitman presented October financials and a five-year forecast. He reported an October deficit for the general and emergency funds of $517,000 but said the year-to-date position for those funds showed a surplus of "a little over $1.6 million," and total funds showed a surplus of about $1.2 million. He flagged two expense outliers: about $52,000 to Johnson Control for repairs and about $21,000 to World Fuel Services for diesel and gas. Pitman walked the board through forecast assumptions (a conservative 30% reappraisal estimate, a $700,000 state formula guarantee, modeled salary and benefit increases and planned capital equipment, including bus replacement) and recommended continued monitoring of cash balances.
The board approved the district's five-year forecast and several appropriation modifications and state/federal grant participations. The board also accepted a $5,400 donation from the Waterloo athletic boosters for basketball uniforms and adopted a resolution to participate in the Ohio Deferred Compensation program to expand retirement options for employees. Finally, the board voted to recess into executive session to consider employment matters.
Votes at a glance (motions recorded on the meeting agenda and by roll call): agenda adoption (passed); principal/assistant-principal salary grid (approved); purchase-of-service agreements (approved); contract-time adjustments and personnel contracts (approved); approval of October financials and appropriation modifications (approved); five-year forecast (approved); donation for uniforms (approved); Ohio deferred compensation resolution (approved); motion to enter executive session (approved). The meeting record shows motions passed by roll call for each item.
