Westside Messenger - December 25th, 2022

PAGE 4 - WESTSIDE MESSENGER - December 25, 2022
SAV
VINGS RAT
H id
ay
a TES y
for th he
Season
Money Marke
et Special
3.65 %
1
APY
ee
on balances betw
6en $25,000 and $499,999
12 Month CD Special
4.00 %
2
APY
e
4w with minimum balanc of $5,000
Contact me today for details!
Josh McKee
Br anch Manager, Grov e City Office
(614) 875-1884
Josh.McKee@Heartland.Bank
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Annual Percentage Yield (APY). Minimum m opening deposit is $1,000. Minimum balance to earn interest is $0.01. Minimum balance to earn promotiona l APY is
$25,000.00. This is a tiered rate account. Th he promotional APY of 3.65% is available for the followin ng tiers: $25,000 - $49,999.99, $50,000 - $99,999 and $100,000
- $499,999.99. Regular rates apply t o the follo
ollowing tiers: $0.01 - $9,999.99 is 0.03% APY; $10,000.00 00 - $24,999.99 is 0.08% APY; and $500,000 + is 0.12% APY. The
promotional rate to applicable tiers is guaranteed for 180 days from the day of account opening. After
180 days, the rate may change at any time as the Heartlan nd Bank
Money Market Savings Account is a variable
rate account. To qualify for the promotional rate, the op pening deposit must be from funds not currently on depo osit with
Heartland Bank. Limit one (1) promotional Money Market Savings Account special per household. APY accurate as of 11/07/2022. Fees may reduce earnings. Accounts
closed less than 180 days from date opened will be charged an early close fee of $25.00. Personal accounts only.
2
Annual Percentage Yield (APY). Minimum balance to open and maintain the advertised 12 month APY of 4.00% is $5,000. APY is accurate as of 12/05/2022. Maximum
deposit is $250,000. Please see your local branch offic e for disclosur e information regarding terms and
conditions. Penalty ma y be imposed for early withdrawal. Rates
are subject to change at any time. No brokers
please. Limit ed time offer. Limited to one per household. Not valid with money currently on deposit at Heartland
Bank. Personal accounts only.
Lunch Specials Mon.-Sat. 11 - 3:30 pm
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614-276-4395 • 614-272-9234
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www.columbusmessenger.com
In Education
Financial outlook remains
stable in South-Western
By Dedra Cordle
Staff Writer
The South-Western City School
District’s annual financial review was presented
at the December board of education
meeting.
Although the district saw a decline in its
general fund revenues and an increase in
its general fund expenditures, officials say
the financial outlook of the district continues
to be strong.
According to Treasurer Hugh Garside,
fiscal year 2021-22 saw the overall revenue
decrease by almost 2 percent. He said the
panic button need not be hit by that news.
“Now, before you get shocked by our revenues
decreasing, overall in the state of
Ohio there was a pretty significant change
that happened in the state’s biennial budget,”
he said.
Garside explained that the state will no
longer provide funds for districts to account
for students who are categorized as community
school students or scholarship students.
Instead, he said the state will cover
the cost rather than provide funds for the
districts as they have done in previous fiscal
years.
He added that the district received
roughly $15 million through the state for
its community school and scholarship students.
Garside said that while the state’s decision
to fund the programs could have been
a big financial hit, the move will ultimately
be considered a wash as the district will no
longer have to include those programs in
their expenditures.
Some of the positive items of note in the
district’s overall revenues, said Garside, is
that they have received a number of
Medicaid reconciliation payments to the
tune of $1 million each, they have received
a number of payment in lieu of taxes from
Hall of Fame nominations
Mayor Andrew Ginther is asking residents
to nominate new candidates for the
Columbus Hall of Fame. For years, the
Columbus Hall of Fame has honored outstanding
individuals who, through exemplary
accomplishments, have gained
national recognition for themselves and
have brought credit to this city.
Those nominating individuals for the
Columbus Hall of Fame are asked to provide
as much biographical information
about the nominee as possible, including
biographies, resumes, articles and letters.
Please complete a separate nomination
form for each individual if nominating
more than one person.
Nominations for the 2022 induction will
news and notes
settlements with commercial properties,
and they have a healthy residential and
commercial tax base.
“Fifty-five percent of our property tax
revenues come from our residential and
agricultural tax base, but this district also
has a pretty strong commercial industrial
tax base as well,” he said, noting that 45
percent of the district’s revenue funds is
attributed to commercial and industrial
properties.
According to Garside, the district’s total
general fund revenue for fiscal year 2021-
22 was $288 million, down $5 million from
the previous fiscal year.
On the expenditure side, the district
saw a slight increase of roughly 1.5 percent;
the total general fund expenditures
for the 2021-22 fiscal year was $277.37 million.
Garside said some of the rise in expenditures
can be attributed to an increase of
salaries and benefits for the district’s certificated
and classified employees, the
“final push” of the Ohio Facilities
Construction Commission middle school
build project, and an overall rise in the cost
of materials and supplies.
He said he anticipates that the Capital
Projects Fund will go down in the next fiscal
year as the district has completed the
middle school build project. The 2021-22
fiscal year saw the district spend $86.54
million to cover the cost of its permanent
improvement projects.
Despite the slight decrease in the revenue
and the slight increase in expenditures,
Garside said the district’s finances
are stable and he sees no need for the board
to request an operating levy at this time.
He added that the district has maintained,
and will continue to maintain, a positive
cash balance of roughly 5 to 10 months
throughout the next five-years, if not
beyond that duration of time.
be accepted through Jan. 3, 2023. For more
information, visit columbus.gov/halloffame/nominate.
Hilltop Legal Clinic
The Legal Aid Society of Columbus will
host a Hilltop Legal Clinic every Monday
from 4 to 6 p.m. at the Columbus
Metropolitan Library Hilltop Branch, 511
S. Hague Ave. in Columbus. A legal aid
attorney will be available to answer questions
regarding landlord and tenant issues,
public benefits, consumer debt, and family
law. To receive free advice, you must have
a gross household income below 200 percent
of the Federal Poverty Level. For more
information, call Legal Aid at 614-241-
2001.