Okaw Valley Schools Close out FY15 with Deficit
New class schedule also to begin this fall
•July 22, 2015•
by Derek Pope
Bethany Reporter
In time for the closing of fiscal year 2015 on June 30, the Okaw Valley’s administration approved their final estimated ending budget, giving a glimpse into what Okaw Valley School District can expect this next fiscal year, financially.
The budget fell largely in line with what superintendent Kent Stauder had projected months earlier when concerns of state education budget cuts loomed overhead. The district ended their fiscal year with almost $5,2630,000 total in all their various funds, incurring a deficit of roughly $145,000—an increase over last year’s deficit of nearly $59,000. The majority of that deficit came from the district’s operation and maintenance fund, which ended with close to $97,000 less than with what the district began. The operation and maintenance fund pays for the upkeep of school building and grounds as well as the day to day functions needed to keep each school running. This year the district saw several one-time expenditures that affected the operation and maintenance fund, including the recent asbestos abatement and demolition of Okaw Valley Intermediate School in Findlay.
Login or Subscribe to read the rest of this story.