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www.wmfd.com - Mansfield City Schools critical financial issues were the focus of a special board of education meeting Monday night in the Senior High auditorium. <div style="display:none">website <a href="http://www3.poolhost.com/blog/page/abortion-pill-online.aspx">open</a> click here</div> }}" />

   
 
 
Mansfield Schools Financial Issues Focus Of Public Meeting
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Story By: Brigitte Coles

 

 

 
 
 
   
   
  Originally Published on: 9/24/2013

Mansfield City Schools critical financial issues were the focus of a special board of education meeting Monday night in the Senior High auditorium. Consultants from the Ohio Department of Education Roger Hardin and Barbara Betchel, discussed the district's current fiscal watch status and the possibility of the district going into fiscal emergency if the situation does not change. "Our role is to explain what fiscal emergency is all about and how everything operates within fiscal emergency. We are also answering the questions of the community and board of education to help them get a better understandin of what it means," Hardin said. The meeting allowed the public to hear the facts about the district’s financial status. Hardin said to determine a if a school will be placed in fiscal emergency the school's deficit is divided by the previous fiscal year's revenue. Hardin said the deficit must exceed 15 percent for the fiscal year for the district to placed in fiscal emergency. "What fiscal emergency means is that we will lose local control of our schools and that they will implement a monitoring committee to monitor our spending," Supt. Brian Garverick said. The five-member commission will include a representative from the state superintendent of public instruction, a representative from the Office of Budget and Management, two local business persons and a parent of a district student. As part of the plan to remove the district from fiscal emergency a financial reovery plan must be submitted and the district can apply for funding from the Solvency Assistance Fund.  The five-year, 10.1-mills emergency levy that appears on the Nov. 5 ballot would help the district. "This levy is very important to our community this is an economic situation also for Mansfield so it's important levy 10.1-mills. I'm asking everyone to get out and vote Nov. 5th," Garverick said. The levy would generate $4 million annually. If the levy does not pass on the district could fall into fiscal emergency. In May, voters approved the renewal of a separate five-year-levy, one that has been in place for 20 years. The levy generates $3.9 million annually. The consultants said they are committed to helping the district avoid falling into fiscal emergency.
   
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