Annual Report 2011-2012 - Mariemont City Schools

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2002 22.6 2003 21.4 2004 21.7 2005 19.3 2006 17.4 2007 16.4 2008 15.7 2009 15.2 2010 14.7 Financial Perspectives 2011 14.2 2012 12.0 2013 10.8 2014 11.2 State Funding as a Percentage of the District Budget 2015 10.8 25 20 15 State Foundation Tangible Personal Property State Reimbursement TOTAL 200010 2,505,649 2,113,574 2,113,574 2001 2,786,966 2,010,383 2,010,383 20025 3,334,708 2,328,128 2,328,128 2003 3,261,331 1,835,572 1,835,572 2004 3,287,604 1,927,440 1,927,440 2005 0 3,108,258 1,794,440 1,794,440 2006 3,010,410 2,026,601 76,082 2,102,683 2007 3,074,836 1,534,562 593,598 2,128,160 2008 3,108,959 1,190,180 1,012,778 projected2,202,958 2009 3,117,182 400,152 1,403,914 1,804,066 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 While Mariemont City Schools has contained budget 2010 growth 3,077,676 through careful fiscal 159,347 management and 1,702,717 budget 1,862,064 item reductions, the portion of revenue received from the State has been shrinking. This chart shows 2011 past and projected declines in 17,170 the percentage 1,713,492 of the district 1,730,662 budget that is funded by the State. The 2012 1,700,000 1,317,120 uncertainty of the future of state funding increases the challenge of projecting and balancing district budgets. 2013 1,700,000 916,859 projected 2014 908,067 916,859 projected 2015 706,274 916,859 projected 2016 504,481 916,859 projected Revenue Impact 2017 From Elimination of Tangible 302,689 Personal 916,859 projected Property Tax 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 MARIEMONT CITY SCHOOL DISTRICT EFFECTIVE RESIDENTIAL TAX RATES OPERATING MILLAGE 1988-‐2010 TAX YEAR TAX RATE 1991 33.30 1992 40.27 1993 33.60 1994 33.60 1995 39.15 1996 35.73 1997 35.76 1998 45.74 1999 37.75 2000 37.77 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 The chart above shows the revenue loss due to the state’s elimination 2001 of Tangible 37.92 Personal Property Taxes. Originally, legislation (HB66) was passed 2002 33.60 completely eliminating personal tangible property taxes. There was 2003 an initial 39.08 “hold harmless” period in which schools were reimbursed for lost revenue through 2013 followed by a phase out of this reimbursement. Recent 2004 legislation 39.03 has suspended the complete phase out of the reimbursement. At its peak, 2005 33.44 this tax provided the district over $2 million annually – approximately 10% of the district’s revenue. This revenue loss will have a significant impact on future budgets. 2006 33.47 2007 40.95 2008 38.87 2009 38.89 2010 44.34 Effective Residential Tax 2011 Rates 46.76 Operating Millage 1991-2011 projected ` 50.00 45.00 40.00 35.00 30.00 25.00 20.00 15.00 10.00 5.00 0.00 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 This chart illustrates the relative steadiness in the annual rate of taxation on residential property over the last twenty years for Mariemont City Schools. 10
District Directory The Mariemont City Schools’ mission is to provide the utmost in quality education for our Scholars of Today by offering enriching opportunities for individual achievement to inspire our Leaders of Tomorrow. Administrative Team Paul Imhoff..............................Superintendent Natalie Lucas...........................Treasurer/CFO James Renner, Ph.D................Principal, Mariemont High School Tom Crosby.............................Assistant Principal, Mariemont High School Tom Nerl..................................Athletic Director Keith Koehne...........................Principal, Mariemont Junior High School Lance Hollander......................Principal, Mariemont Elementary School Jim Counts, Ph.D....................Dean of Students, Mariemont Elementary School Board of Education Peggy Braun Bill Flynn Marie Huenefeld Dee Walter Ken White Linda Lee.................................Principal, Terrace Park Elementary School Tricia Buchert.........................Director of Student Services Shannon Kromer....................Director of Curriculum and Instruction Josephine McKenrick..............Director of Communications Kathy Ryan..............................Program Manager SCHOOL CONTACT INFORMATION Mariemont Board of Education 2 Warrior Way Cincinnati, Ohio 45227 Phone: 513-272-7500 Fax: 513-527-3436 Mariemont High School 1 Warrior Way Cincinnati, Ohio 45227 Phone: 513-272-7600 Fax: 513-527-5991 Mariemont Junior High School 3847 Southern Avenue Cincinnati, Ohio 45227 Phone: 513-272-7300 Fax: 513-527-3432 Mariemont Elementary School 6750 Wooster Pike Cincinnati, Ohio 45227 Phone: 513-272-7400 Fax: 513-527-3411 Terrace Park Elementary School 723 Elm Avenue Terrace Park, Ohio 45174 Phone: 513-272-7700 Fax: 513-831-1249 www.mariemontschools.org 11
Page 1 and 2: 2011-2012 Annual Report
Page 3 and 4: Mission and Goals Mission Statement
Page 6 and 7: Expenditures & Revenues 2011-2012 E
Page 8 and 9: Five Year Financial Forecast cast F
Page 12: 2 Warrior Way Cincinnati, Ohio 4522

Annual Report 2011-2012 - Mariemont City Schools

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