Forecast through FY2022 is strong

Every May and October, school districts are required to file an updated Five-Year Forecast with the state of Ohio. Treasurer Debbie Caudle presented an executive summary of the Forecast to the board and community at the October 19, 2017 meeting. Continue reading

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Highlights from 7/20/17 school board meeting

Seminar approach engages students

This summer has been fairly uneventful for Milford Schools, but the board did receive great financial news from our Treasurer this month! In fact, our year-end budget status is really the only notable news from this month’s board meeting. The district closed the 2016-2017 fiscal year 3% under budget (a little over $2 million in savings), and with income up appr. $1 million vs. projections (due to a number of factors, including increased real estate collections and income from commercial investments). Continue reading

Highlights from 5/18/17 and 6/15/17 school board meetings

May 2017 Five Year Forecast approved by school board
Athletic Update
Extracurricular Update

So sorry – I think last month was the first time in 7.5 years that I missed publishing articles for a monthly meeting when I was in attendance – but I guess it was bound to happen. So, I am making up for that now by including information for last month’s board meeting as well as this month’s. Below are highlights from both, as well as information from the special board meeting held on Monday, June 12: Continue reading

May 2017 Five Year Forecast approved by school board

In May, the board approved the Five Year Forecast. Treasurer Debbie Caudle has used conservative assumptions in both revenue and expenses. We do expect an increase in state funds in the upcoming biennial budget (2-year budget) – Milford has long been receiving less than our “fair share” of state funding, and the Governor has been working to achieve parity among school districts. Continue reading