Annual Report 2011-2012 - Mariemont City Schools

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Expenditures & Revenues 2011–2012 Expenditures During the 2011-12 fiscal year, 73% of the district’s budget was allocated to salaries and benefits. This level of expenditure for personnel costs is typical for school districts as we are a “people” business. The additional Other Revenue 27% of the budget was spent as follows: 1% State FoundaTon 13% Public UTlity Property Tax 4% State Tax AllocaTon 15% • 15% was spent on purchased services such as utilities, special education services, transportation, custodial services, legal fees, professional development and consultants. • 3% was spent on materials and supplies for classrooms, offices, maintenance and transportation. This includes the purchase of books, paper, software and cleaning supplies. • 2% was spent on capital outlay, which accounts for items such as computers, desks and chairs and cafeteria tables. Real Estate Tax 67% • 6% was spent on other items such as bank charges, county auditor fees, annual audit fees and transfers to other funds. • 1% was spent on debt service. Revenues The Mariemont City School District generated approximately 86% of its revenue through property taxes and state reimbursements. Real estate taxes remained consistent with little growth unless a new levy is approved. There is also a State Foundation formula that determines what the state contributes to school districts. During the 2011-12 fiscal year, the formula accounted for 13% of Mariemont’s revenue. Mariemont also received an additional 1% of income from miscellaneous local revenue such as school fees, tuition and rentals. State Foundation 13% State Tax Allocation 15% Other Revenue 1% Capital Outlay 2% Materials & Supplies Purchased 3% Services 15% Other Expenditures 6% Debt Service 1% Public Utility Property Tax 4% Real Estate Tax 67% Salaries & Wages Retirement ReTrement 56% & Benefits 17% Expenditures 2011-12 Salaries & Wages $ 11,597,019 Retirement & Benefits $ 3,633,861 Purchased Services $ 3,101,973 Materials & Supplies $ 565,030 Capital Outlay $ 513,196 Other Expenditures $ 1,214,026 Debt Service $ 174,144 Total $ 20,799,249 Revenues 2011-12 Real Estate Tax $ 14,191,806 Public Utility Property Tax $ 762,682 State Foundation $ 2,816,742 State Tax Allocation $ 3,079,730 Other Revenue $ 311,799 Total $ 21,162,759 6
Budget Restructuring In recent years, school funding in Ohio has been on the decline and the Mariemont City Schools has responded by restructuring district operations to provide for a less expensive and more efficient basis of operations. As always, the mission of the district to Prepare the Scholars of Today and Inspire the Leaders of Tomorrow has been at the center of each decision. The Board of Education has exhibited the ability to make sound business decisions in order to provide for a more efficient school district while keeping the focus on the mission of preparing all students for a rapidly changing world. While the district has been very successful in cutting costs through restructuring and greater efficiencies, the work is not yet done. The Board of Education remains committed to seeking new and innovative methods for improving quality while reducing costs. The entire country is learning to do more with less and the Mariemont City School District can be no different. The Board of Education and Administration welcome your suggestions for reducing costs and increasing efficiencies. Budget Reductions FY 2009-2013 Reduced staff by 41 positions - Total cost reduction salaries/benefits $ 2,179,139 Reduced Increases to Salary Schedule $ 274,000 Reduced Capital Outlay $ 150,000 Decreased Building Budget $ 138,900 Increased Employee Healthcare Premium Share $ 90,000 Decreased Technology Hardware Budget $ 72,900 Realized Fairfax Utility/Cleaning Savings $ 72,037 Instituted Pay to Participate $ 40,000 Reduced Athletic Budget $ 23,000 Instituted Student Technology Fee $ 20,000 TOTAL 2009-2012 Budget Reductions $ 3,059,976 For current perspective, in fiscal years 2009-2013, the district has continued to restructure the budget to achieve necessary cost reductions and maximize operational efficiencies. Budget reduction line item totals reflect the annual savings for the year in which the savings were instituted. These reductions impact each budget moving forward. 7
Page 1 and 2: 2011-2012 Annual Report
Page 3 and 4: Mission and Goals Mission Statement
Page 8 and 9: Five Year Financial Forecast cast F
Page 10 and 11: 2002 22.6 2003 21.4 2004 21.7 2005
Page 12: 2 Warrior Way Cincinnati, Ohio 4522

Annual Report 2011-2012 - Mariemont City Schools

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