valleyview.k12.oh.us - Treasurer – FAQ

Financial Information - Valley View School District

Valleyview.k12.oh.us Spined HTML

Financial Information - Valley View School DistrictUpperSchool (937) 855-4116  | JuniorUpper(937) 696-2591 | Intermediate (937) 855-4203 | Primary (937) 855-6571 | Preschool (937) 855-4203 Valley View School District Search for: District Home SchoolsUpperSchool JuniorUpperIntermediate School Primary School Preschool SpartanTube AboutWardshipBoard of EducationWorkbenchPolicies Bullying Statistics Employment Superintendent Treasurer Treasurer – FAQ Departments Athletics Valley View Athletics Weekly Update Fall Sports VV Girls Tennis Winter Sports Girls Basketball update from Coach Dickson Spring Sports Boys Tennis update from Coach Heistand Boys Track and Field update from Coach O’Diam District Registration Valley View Registration Information 2018-2019 Registration PacketSuppliesServices Lunch Menus AllWell-nighLunch 2018 – 2019Self-rulingand Reduced Meal Application Discover School Breakfast Healthy Families Gifted Program Safety/Crisis Special Services Technology Dept Staff – DCTS Transportation Request for new/change in Transportation Calendar Financial Information Welcome to the Valley View Financial Information Page where we provide the polity with unshut and well-spoken information. Hot topics, financial news and links and wontedly asked questions are here for your review. If you have any questions that you would like to submit, please email Laura Sauber or Chad Hill or stop in the office to discuss any of the information below.  District Finances OverviewThe Treasurer’s Office works with district staff and theWorkbenchof Education to provide sound resource management and financial leadership for Valley View Local Schools. The Board, Superintendent and the Treasurer’s Office share responsibility for all fiscal operations of the District, including, but not limited to banking, investments; budgeting/appropriations, forecasting, finance payable/receivable, payroll, tax receipts, yoke issues, financial reporting, financial policy minutiae andWorkbenchminutes. Additionally, the Treasurer’s office works with the Superintendent and district wardship to manage funds to provide the quantity and quality of learning programs expected by the Valley View Local Schools community. Due to resource limitations, there is sometimes a temptation to operate so that fiscal concerns overshadow the educational program. Recognizing this, it is essential that theWorkbenchtake specific whoopee to make unrepealable that education remains inside and that fiscal management contributes to the educational program. As trustees of the community’s investment in the facilities, materials and operational funds, theWorkbenchhas a fiduciary responsibility to ensure that the investment is protected and used wisely. Competent personnel and efficient procedures are essential for sound management of fiscal affairs. Hot Topics Valley View ranks 16 out of 275 similar districts in classroom expenditures FY17Inspect- Highest Opinion possible from the Auditor of State Including extended testing on Shared ResourcePart-waycontract and Permanent Improvement Funds.  Click here to review the audit. Shared ResourcePart-waydelivers upper quality Treasurer services for less The Shared ResourcePart-way(SRC) is a steering of governments started by Brookville, Centerville, Huber Heights, Kettering, Northmont, Valley View and Montgomery County Educational ServicePart-wayto help provide financial and merchantry management services to districts for less money.  Click here to review the savings Valley View has experienced since receiving SRC services. District Financial Data What are Financial Forecasts? A variety of events will ultimately impact the latter years of the forecast, such as state budgets (adopted every two years), tax levies (new/renewal/ replacement), salary increases, or businesses moving in or out of the district. The five-year forecast is viewed as a key management tool and must be updated periodically. The five-year forecast encourages district management teams to examine future years’ projections and identify when challenges will arise. This then helps district management to be proactive in meeting those challenges. “In a financial forecast, the numbers only tell a small part of the story. For the numbers to be meaningful, the reader must review and consider the Assumptions to the Financial Forecast surpassing drawing conclusions or using the data as a understructure for other calculations. The assumptions are very important to understanding the rationale of the numbers, particularly when a significant increase or subtract is reflected.” Interested readers can find increasingly information well-nigh five-year forecasts on the Ohio Department of Education’s website. Purposes and objectives of the five-year forecast Here are three purposes or objectives of the five-year forecast: To engage the local workbench of education and the polity in long range planning and discussions of financial issues facing the school district To serve as a understructure for determining the school district’s worthiness to sign the document required by O.R.C. §5705.412, wontedly known as the “412 certificate” To provide a method for the Department of Education and Auditor of State to identify schools districts with potential financial problems Ohio Revised Code and OhioLegalisticCode requirements O.R.C. §5705.391 and O.A.C. 3301-92-04 require aWorkbenchof Education (BOE) to submit a five-year projection of operational revenues and expenditures withal with assumptions to the Department of Education prior to October 31 of each fiscal year and to update this forecast between April 1 and May 31 of each fiscal year. ODE encourages school districts to update their forecast whenever events take place that will significantly transpiration the forecast. Required funds to be included in the forecast are:Unstipulatedfunds (001) Any special forfeit part-way associated with unstipulated fund money Emergency levy funds (016) Any debt service (002) worriedness that would otherwise have gone to the unstipulated fund Education Jobs Fund (504) The pursuit definitions will squire the reader/community member as he/she reads the assumptions to the forecast, or takes part in discussions well-nigh the forecast. Definitions 412 Certificates – ORC 5705.412 requires the treasurer, superintendent, and president of the workbench of education to certify that unobjectionable revenues will be misogynist to maintain all personnel and programs for the current fiscal year and for a number of days in the succeeding fiscal years. 412 Certificates must be tying to: Appropriations for the current fiscal year Qualifying contracts tent the term of contract Wage and salary schedule for the term of contract Negotiated agreement(s) and contracts for benefits Encumbrances – Money obligated to pay for any purchase. An end of year encumbrance is money obligated in the current fiscal year to be paid in the next fiscal year. Expenditures – The spending of any public money for a specified purpose as tried by the BOE policy and procedures. Fiscal Year – In education and state government, the fiscal year runs from July 1 through June 30, and each fiscal year is dated by the ending date. Example: FY12 would start July 1, 2011 and end June 30, 2012. Revenues – Receipts generated from property taxes, school district income taxes, state foundation formula, and local monies (such as donations, fees, tuition, etc.).  Five-Year Financial Forecasts ODE Five-Year Forecast site ODE Five-Year Forecast Assumption site May 2018 May 2018 5 Year Forecast Assumptions  October 2017 October 2017 5 Year Forecast Assumptions   Monthly Treasurer's Reports to theWorkbenchMonthly Reports.  InspectReports Search inspect reports for the district since FY 1996 on the Auditor of State’s website.  Understanding School Funding Understanding the property tax and school funding Visit the Ohio Department of Taxation website to view the “2010 Property Taxation and School Funding” document.  This document provides an in-depth understanding of the property tax and its role in providing vital resources to school districts. School district income tax Visit the Ohio Department of Taxation website to view the “School District Income Tax Question and Answer Guide for School Administrators andUnstipulatedPublic.”  This guide provides an in-depth understanding of the Ohio School District Income Tax. ________________________________________________________________________________ Financial News & Resources Valley View Local Schools Expenditure Standards 2016-2017 ODE District Financial Report Card Additionally, ODE is required to rank districts by the amount, and percentage, of expenditures on classroom instruction.  For the 2016-2017 school year, Valley View Local Schools spent 71.8% of operating expenses on classroom instruction. Valley View Local Schools’ ranking for the 2016-2017 school year is 16th out of 275 districts in our comparison group. It is moreover important to note that the new Expenditure Standards summate both the ‘historical’ Expenditure Per Pupil (EPP) and the newer measure tabbed the Expenditure Per Equivalent Pupil (EPEP). A squint at our district expenditure report as a whole district for 2016-2017 can be found here. Finally, the 2016-2017 school district expenditure rankings for all Ohio public schools can be found here. The ODE website offers a table that shows what each category of expenditure means. It is moreover important to note that the new Expenditure Standards summate both the ‘historical’ Expenditure Per Pupil (EPP) and the newer measure tabbed the Expenditure Per Equivalent Pupil (EPEP). The rankings on the report cards are based on Expenditures Per Equivalent Pupil (EPEP). EPP is calculated by dividing total expenditures by ADM where each student counts the same, whereas EPEP is calculated by dividing expenditures by weighted ADM, where harder-to-serve students can be given a higher mathematical weight. The weights are calculated in the same manner used for the fiscal benchmark report, to count as greater than 1.0 FTE students who are in special education, are economically disadvantaged, or are English language learners. Economically disadvantaged uneaten weight: w=(P/A)*0.1*N, where P= percent of district’s ADM reported as eligible for self-ruling or reduced price lunch A= stereotype statewide percent of ADM reported as eligible for self-ruling or reduced price lunch N= ADM reported as eligible for self-ruling or reduced price lunch English learners uneaten weight: Reported EL ADM *0.2906 Special education uneaten weight: Reported ADM in each category * weight for that category Disability Category 1 weight: 0.2906 Disability Category 2 weight: 0.7374 Disability Category 3 weight: 1.7716 Disability Category 4 weight: 2.3646 Disability Category 5 weight: 3.2022 Disability Category 6 weight: 4.7205 Finally, the expenditure reports unravel the data into various expenditure categories as follows: Instruction. Activities dealing with the interaction of teachers and students in the classroom, home, or hospital as well as co-curricular activities. Includes teachers and instructional aides or assistants engaged in regular instruction, special education, and vocational education programs. Excludes sultana education programs. Pupil support services. Expenditures for administrative, guidance, health, and logistical support that enhance instruction. Includes attendance, social work, student accounting, counseling, student appraisal, information, record maintenance, and placement services.Moreoverincludes medical, dental, nursing, psychological, and speech services. Instructional staff support services. Expenditures for supervision of instruction service improvements, curriculum development, instructional staff training, wonk assessment, and media, library, and instruction-related technology services.Unstipulatedadministration. Expenditures for workbench of education and executive wardship (office of the superintendent) services. School administration. Expenditure for the office of the principal services. Operation and maintenance of plant. Expenditures for buildings services (heating, electricity, air conditioning, property insurance), superintendency and upkeep of grounds and equipment, nonstudent transportation vehicle operation and maintenance, and security services. Pupil transportation. Expenditure for vehicle operation, monitoring riders, and vehicle servicing and maintenance. Other and non-specified support services. Merchantrysupport expenditures for fiscal services (budgeting, receiving and disbursing funds, payroll, internal auditing, and accounting), purchasing, warehousing, supply distribution, printing, publishing, and duplicating services.Moreoverinclude inside support expenditures for planning, research and development, evaluation, information, management services, and expenditures for other support services not included elsewhere.Suppliesservices. Gross expenditure for lunch operations including the purchase of food. Enterprise operations. Non-instructional expenditures for business-like activities where the financing are recouped largely with user charges. Other elementary-secondary non-instructional. Expenditure for other elementary-secondary non-instructional activities not related to supplies services or enterprise operations.Polityservices. Expenditure for providing non-education services such as, operation of a swimming pool, public library, programs for the elderly, and child superintendency centers.Sultanaeducation. Expenditures for vital sultana education classes, such as GED or upper school equivalency. Other non-elementary-secondary programs. All other non-elementary/secondary programs such as any post-secondary programs for adults. Construction. Capital expenditures for construction of stock-still assets. Land and existing structures. Capital expenditures for the purchase of land and existing buildings and grounds. Equipment: instructional. Capital expenditures for instructional equipment. Equipment: other. Capital expenditures for non-instructional equipment. Payments to other governments. Category used only at statewide level. Interest on debt. Calculations of EPP are moreover misogynist on ODE’s website.  For the pupil amounts, the district’s expenditures are divided by ADM (average daily membership), which is calculated from year-end student-by-student data reported via EMIS in period N. The students are counted by educating district or school, not resident district. FTE equivalents are calculated for students peekaboo multiple schools, or partial year, or part-time status. Pre-school special education students are included, but other pre-school students and all sultana education students are excluded. The calculations mirror the procedure for determining expenditure spritz model (EFM) ADM calculations from past years. Helpful Links & Other Information Ohio Department of Education Foundation Funding Report Page.  Montgomery County Auditor Homepage. Montgomery County Property Search. Ohio Sunshine Laws. 2016-2017 ODE Report Card for Valley View Local Schools Collective Bargaining Agreements Collective Bargaining Agreements VVTA Contract 2017-2019. [/expand] Public Record Requests andCommonlyAsked Questions Request for Mr. Ben Richards Contract, New Superintendent. - May 17, 2018 Richards Contract – 8.1.18-7.31.21 Montgomery County ESC invoices for Fiscal Services rendered in Jan 2012. - May 10, 2018 Mont. County ESC Invoice Jan ’12 financial services Letters recently sent by VVLSD or Mr. Scholler to parents/guardians of students peekaboo VVLSD who do not live in the district and who do not pay tuition. - May 9, 2018 Non resident student letter with Policy 2012 - 2013 Fiscal Services contract between Valley View and Vandalia Butler. - April 26, 2018 Fiscal Service Contract VVLSD & VBCSD VersaTrans/Tyler Technology - Routing Software Purchase - March 6, 2018 Requisition, Purchase Order 1800241 and Check 027861 What is the latest contract between Valley View Local and SRC? - February 21, 2018 This is the notes to the July 25, 2016, try-on between Valley View Local School District and Shared Resources Center. This notes was presented to theWorkbenchof Education on February 12, 2018, and tried by the Board.NotesNaming Laura Sauber Treasurer Search for: Recent Posts JuniorUpperFall Dance School Picture dates for Primary, Intermediate and Preschool JuniorUpperParent Teacher Conferences Friday, September 21st HS schedule Valley View PTO Enrichment Class RegistrationMisogynistNow Archives October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017 September 2017 August 2017 July 2017 May 2017 January 2017 Categories FeaturedUpperSchool Intermediate School JuniorUpperSchool Preschool Primary School Special Education Uncategorized Progress Book Staff Directory For Staff - MVECA Employee Kiosk Safety/CrisisAcademic Boosters Athletic Boosters Valley View Music Treasurer FAQ Resources Drug FreePolityEZPay Photo Gallery © 2018 Valley View Local Schools Back to Top