District Treasurer and Chief Financial Officer Matt Brown gave a brief 2022 financial update to Board of Education members at the January 9, meeting.
The district showed a slight revenue increase compared to this time last year.
The district showed an increase of $25.7 million through December as compared to $25.3 million this time last year.
“That’s a 1.7 percent increase,” Brown said.
The increase is due in part to restricted and unrestricted state financial aid, according to Brown.
Expenditures were also higher than last year. The district showed just under $27.1 million in expenditures through December 2022 compared to just under $26 million at this time last year, Brown said.
The increase was due in part to personnel services, including a 2 percent employee wage increase negotiated for this fiscal year.
Overall the unencumbered, unrestricted balance of $10.6 million.
Legislation:
The school calendar for 2024-25 was approved.
The revised Board policy on student code of conduct was approved.
A donation of $250 from Capital Advisors, in memory of John O’Brien was approved.
A $5,000 donation from Anthraper Enterprises, (owners of IHOP in Macedonia) to the Nordonia High School Athletic Department was approved.
A $5,500 donation from Specialty Lubricants to the Nordonia High School Athletic Department for the upgrade to the track and field Fully Automated Timing System, was approved.
The State of Ohio minimum wage increase was approved.
A contract with Fike Developing & Excavating, Inc. for the demolition of a house at 7952 S. Bedford Road was approved.
A variety of purchase service contracts were approved.
Several personnel items were approved.
Treasure’s consent items were approved.
Special Board meeting minutes from December 13, and regular Board meeting minutes of December 19, were approved.
A resolution authorizing the advance of local taxes was approved.
The next regular meeting of the Board will be February 21, at 7 p.m. at Northfield Elementary School, 9374 Olde Eight Road.
