Treasurer's Office
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Daily Operations = $2,176,838.66
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Investments = $1,746,571.88
Our FY23 audit has been posted and can be found on the State Auditor's Website. (Type Massie in the Entity Name or Report Title box; choose School as the Entity Type; choose Clinton for the County; choose a specific Fiscal Year if you wish. Audits go back to the 1998-1999 school year.)
To take a look at our expenses, please see Ohio Checkbook.
We have been placed in a Precautionary Fiscal State due to our low general fund balance in FY25 and a negative general fund balance in FY26. We completed, Board approved, and submitted the required Written Plan and Narrative.
End of July 2024, our bank statements looked like this:
We received tax advances in July to increase our fund balance. We will receive tax settlements in August to further increase our fund balance. Then we'll have that money to survive on (along with our bimonthly state funding payments and quarterly income tax payments) through January.
2023 was a reappraisal year for Clinton County and 2024 is a reappraisal year for Warren County. There are exemptions that residents qualify for as well as different millage rates. Speaking of rates, our bond millage rate is decreasing from 1.5 to 1.2.
To give you a frame of reference, it costs our district an average of $460,000 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 $324,500 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. 2024 will be the last year your income will be taxed under this levy. The renewal we sought in March 2024 failed, and we will be asking for a 1% earned income tax on the November 5, 2024 ballot.
From 2021 - 2024, we were allocated $2,895,435.08 total monies granted through various Coronavirus Relief Efforts. This money could only be used to prepare, prevent, or respond to the COVID-19 pandemic unless otherwise specified. We used our Coronavirus Relief / ESSER money ($2,244,882.56) for hotspots and chromebooks with hotspots; campus-wide Wi-Fi; (along with the $551,466.16 in BroadBand Ohio Connectivity dollars); salaries for social workers, technology assistants, cafeteria (while there was no incoming revenue March - May 2020 yet we still were providing meals), teachers specifically addressing learning loss, summer school intervention; the unsafe portion of our Annex demolition; disinfecting/sanitizing supplies; PPE; 2 buses; HVAC repair; Chiller replacement; and a school-based health center. We used our ARP Homeless and IDEA money ($100,256.52) for a Homeless Resource Navigation Pilot program to address financial instability and homelessness and additional staff and more training to better handle the needs of our Kindergarten through second grade special needs students. We have spent all of this money by the end of the school year in June of 2023. We greatly appreciate the Clinton County Commissioners and Massie Township Trustees for granting us some of their Coronavirus Relief funds as well!