Treasurer

Accounts Payable & Accounts Receivable -  
Nikki Deters   937-289-1083


Payroll - Terri Binau   937-289-1063

May 2021 Five Year Forecast

November 2021 Five Year Forecast

To take a look at our books, please see  Ohio Checkbook

Explanation of CARES/ESSER Money

We were allocated $2,895,435.08 total monies granted through various Coronavirus Relief Efforts.  This money can only be used to prepare, prevent, or respond to the COVID-19 pandemic unless otherwise specified.  Here is how we have used or plan to use these funds:

CARES/ESSER - $153,192.52 to be used through 9/30/22: hotspots, ~12% of the salaries of our social workers, salary for an additional technology assistant, cafeteria salaries (March - May 2020 when shut down yet preparing food) & serving materials, 2020-21 high school summer school for those needing additional assistance due to learning loss, partial salary for an additional school nurse

ESSER II - $599,544.21 to be used through 9/30/23: unsafe Annex wing demolition, disinfecting/sanitizing supplies & PPE, 2 buses, technology services for remote learning

ARP ESSER III - $1,347,447.51 to be used through 9/30/24: K-2 learning loss teacher, 3-5 learning loss position, 2-3 learning loss teacher, middle school learning loss teacher, high school learning loss teacher, elementary hybrid (remote & in-person) teacher, mental health screener, more tables to expand lunchroom area, HVAC repair, Chiller replacement, 2 buses, school-based health center

ARP Homeless - $10,050.18: portion of Homeless Resource Navigation Pilot program to address financial instability and homelessness

ARP IDEA - $82,898.04: training for our staff to better handle the needs of our special needs students

ARP IDEA Early Childhood Special Education - $6,138.14: training for our staff to better handle the needs of our  early childhood special needs students

Coronavirus Relief - $100,819.14 to be used through 12/31/21:  disinfecting/sanitizing supplies & PPE, new signage for student pick up / drop off and visitors to the buildings, cafeteria serving supplies, tent/sink/table rentals, additional trash cans

BroadBand Ohio Connectivity - $551,466.16 THROUGH 12/31/21: wifi enabled chromebooks along with Verizon service contracts, campus-wide wifi

Coronavirus Relief via Clinton County Commissioners - $40,000 to be used through 12/30/20: wifi enabled chromebooks

Coronavirus Relief via Massie Township Trustees - $3,879.18 to be used through 12/30/20: disinfecting/sanitizing supplies


Explanation of New School Funding Model (HB 110)

Through our Strategic Planning process, it has been brought to my attention that we rated low in knowing the financial status of the district.  So I’m aiming to change that!  Each month I will give you a little snippet of our accounts and let you know any pertinent financial information. 

So at the end of December 2021, our bank statements looked like this:

Daily Operations = $2,035,258.26

Investments = $2,008,389.96.
At this point I am able to request tax advances, but those may not come until February. We will still be receiving quarterly income tax payments. Of course we will still get our state payments twice each month as well as another income tax payment.
 
To give you a frame of reference, it costs our district an average of $425,000 for each payroll (semimonthly), $245,000 for our insurance each month (District side only), and $10,000 for Medicare each month (District side only).

Granted, we get about $315,000 twice a month from State Funding (which in addition covers our STRS/SERS [pensions] each month).

For our income tax, we get quarterly payments at the ends of January, April, July, and October.  We've received $784,120 this fiscal year. We greatly appreciate our community as this will help us end this year in the black!



    Carrie Bir
    Treasurer
     carrie.bir@cmfalcons.org
     937-289-1062






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