Events Calendar
In This Section
Most Read Stories
Tallmadge man dies after motorcycle crash
Passers-by call police over topless gardener
Man on leave from Iraq war slain in Akron
Soldier on leave dies after shooting near UA
Macedonia prepares for budget cuts and layoffs
Teen accused of drinking, dancing topless in club
Ilgauskas back in Cleveland area
Man breaks into house, flees when owner wakes up
Blogs:
Akron Docs in Haiti:
Almost home
First Bell - On Education:
21st Century Skills and Akron’s new middle school
Pets:
Lost Mini Schnauzer around Cascade Valley Park
The Heldenfiles:
Fess Parker, R.I.P.
Akron Zips:
Looking back on the season
Tribe Matters:
Wood sidelined at least six weeks
Cleveland Browns:
Yates latest to re-sign
Balanced Ledger:
How times have changed?
Kent State Sports:
Flashes fall in WNIT
Cleveland Cavaliers:
Gameblog: Cavs at Chicago Bulls (Green Mascot and All)
Buckeye Blogging:
Bucks High Seed – Turner High Praise
Varsity Letters:
Report: Ohio offers Olack
All Da King's Men:
ObamaCare To Reduce Premiums By 3000% ?
Blog of Mass Destruction:
Pathetic GOP Nullification Attempts
Akron Law Café:
More on Shaming Corporate Criminals
Car Chase:
2010 CONCOURS SEASON IS UPON US
Let's Talk Real Estate:
Deals in Miami?!.
Sound Check:
Willie Nelson & Family coming to the Akron Civic Theatre May 11
See Jane Style:
Who Wore What – The Oscars
HRLite House:
Horses of Courses
Akron Gamer:
Video: Gamers expected to 'reach' for new 'Halo'
By Jody Miller
Special to the Beacon Journal
POSTED: 06:10 p.m. EDT, Jun 24, 2009
BATH TWP.: The Revere school district is in ''good'' financial shape.
District treasurer David Forrest offered this assessment in his executive summary of key operating funds for fiscal year 2009.
The school board this week approved final appropriations for the 2008-09 school year and temporary appropriations of $11 million for the next fiscal year.
Forrest said the district's general fund ended up ''stronger'' than what had been projected in the district's five-year forecast.
The actual revenues received were $29,813,323 — some $300,000 more than forecast — while expenditures totaled $29,529,311 — more than $1 million less than estimated.
Forrest said this resulted in a ''positive swing'' of $1.4 million for the district.
Total expenditures from all funds were $37,804,790 against revenues of $37,767,769. The ending cash balance in the general fund was shy of $15 million.
Forrest said this means the district has a reserve that could carry it for five months.
The district's permanent improvement fund has a cash balance of $839,125 — after setting aside the funds for the stadium renovation and turf project.
The projected collection of $1.3 million in the next fiscal year would put the improvements fund balance at $2.1 million.
Forrest said future capital projects include a bus garage as well as a roofing project at Bath Elementary School.
BATH TWP.: The Revere school district is in ''good'' financial shape.
District treasurer David Forrest offered this assessment in his executive summary of key operating funds for fiscal year 2009.
The school board this week approved final appropriations for the 2008-09 school year and temporary appropriations of $11 million for the next fiscal year.
Forrest said the district's general fund ended up ''stronger'' than what had been projected in the district's five-year forecast.
The actual revenues received were $29,813,323 — some $300,000 more than forecast — while expenditures totaled $29,529,311 — more than $1 million less than estimated.
Forrest said this resulted in a ''positive swing'' of $1.4 million for the district.
Total expenditures from all funds were $37,804,790 against revenues of $37,767,769. The ending cash balance in the general fund was shy of $15 million.
Forrest said this means the district has a reserve that could carry it for five months.
The district's permanent improvement fund has a cash balance of $839,125 — after setting aside the funds for the stadium renovation and turf project.
The projected collection of $1.3 million in the next fiscal year would put the improvements fund balance at $2.1 million.
Forrest said future capital projects include a bus garage as well as a roofing project at Bath Elementary School.
Comments
Click here to post your comments
Canton, OH
Posted 06:22 PM, 06/24/2009
sweet. . .
Richfield, OH
Posted 09:08 PM, 06/24/2009
Very nice. Great school district. One of the reasons I moved to Richfield.
Akron, OH
Posted 08:33 AM, 06/25/2009
Not so great
