• Finance Committee


  • Mike Barnhart
    Mike Barnhart, CPA
    (440) 949-4205
    Accounts Payable
    Renee Golick
    (440) 949-4207
    Adreane Russell
    (440) 949-4206 

Meeting Summaries

  • May 30, 2023--Items discussed were property taxes paid by Ford that come to SSLCSD, tax revenue from new housing, variables that can affect the five-year forecast, property insurance renewal, and the athletic fund’s revenues compared to expenses.
    March 9, 2023--The committee discussed the FY22 clean audit report, the five-year forecast and recent impacts and assumptions, Board of Revision complaints, and the $470,000 safety and security grant which prompted a need to amend the FY23 appropriations.  
    October 13, 2022--Topics covered were recent updates to the five-year forecast, as well as an update of the use of ESSER funds and the schedule for upcoming textbook adoptions and technology purchases.  
    September 8, 2022--This meeting's discussions included the FY23 permanent appropriations, an upcoming health insurance premium credit and wellness efforts, school nurse coverage, upcoming textbook needs and their funding along with federal ESSER funds.
    July 21, 2022--Topics included the five-year forecast with final FY22 figures, future textbook purchases, the cafeteria and athletic funds, recent Board of Revision property value decisions, FY23 federal funds, the need to review the vehicle replacement plan, and audit and summer project updates.
    May 3, 2022—The committee reviewed the five-year forecast to be approved at this month’s board meeting.  Other topics included athletic participation fees, building fees, and the likelihood of the federal government stopping the free lunches for all next year and going back to pre-COVID reimbursement rates.
    March 10, 2022--Items discussed were an update on the annual audit, which is expected to be released in April and issue free, the Knollwood boiler agreement, college credit plus (CCP) costs and hours, the 20-mill floor, property insurance, February financial reports, and the cafeteria fund.
    February 10, 2022—This month the committee talked about the FY22 appropriation amendment, a school bus subsidy where the State has offered to pay $45,000 per bus for up to 4 new buses until June 2023, boilers at Knollwood and Brookside Intermediate, upcoming support staff negotiations, and the food service fund.
    January 10, 2022—The committee heard that the IRS mileage reimbursement rate increased, the audit of FY21 is in progress, food service is still doing well, there will be a new hire in accounts payable, and the latest district profile report is available.  The five-year forecast was reviewed and potential projects were discussed.
    December 13, 2021—Average daily lunch and breakfast counts continue to grow and bring in more government reimbursement. Updated property values were shared and the committee heard about upcoming projects in the Village. The committee reflected upon the benefits of the May 2019 substitute levy.  Our turn to receive state funding for new school buildings is at least 7-8 years away.  The committee received a draft copy of the FY23 Tax Budget.
    November 22, 2021--This month's topics included the FY21 financial statements to be audited, next month's partial health insurance premium discount, the cafeteria's continued success, and the District's debt schedule and limits.  The District still awaits its turn for State construction money from when BHS and BMS were built.  This will help offset some new elementary building costs when needed.
    October 11, 2021--The committee learned that lunch and breakfast counts are up considerably so far this year which will result in more federal and state reimbursement.  All students can have free lunch and breakfast regardless of their family income.  The five-year forecast was reviewed and will be on the Board's next agenda.  The forecast is more favorable thanks to delinquency property taxes being paid. 
    September 13, 2021--Subjects covered were the FY22 permanent appropriations, the upcoming LED interior lighting project, health insurance premiums and wellness program, new and ongoing property valuation complaints and settlements, and fiscal software conversion.  The committee also learned that early indicators show many more students are taking advantage of free lunches which results in more federal and state money. 
    July 22, 2021--The committee reviewed a draft five-year forecast with final FY21 figures and the new Fair School Funding Plan's projections.  The FSFP calculates a basic cost of about $7,200 per pupil compared to past formulas that set it at $6,000.  Each district's local share of that $7,200 will be determined by its property values and its residents' income.  Charter schools will be funded directly by the State instead of taking local shares from districts.  The 2021-22 allocation of federal funds was also discussed along with an update on commercial property valuation complaints.
    June 1, 2021--The main topics included a report on food service operations, as well as a report on the uses of federal COVID funds received and anticipated to be received in the coming years.  Other topics included next year's temporary appropriations, participation fees, insurance renewal (property, liability, auto, and crime), a withdrawn property owner's valuation complaint, and the Ohio Public Employee Deferred Compensation program.
    May 4, 2021--This month the committee reviewed the five-year forecast for May, new property tax complaints, anticipated federal COVID-related money (also known as ESSER funds for Elementary & Secondary School Emergency Relief), and the present status of the Fair School Funding Plan and the State's budget process.  
    March 29, 2021--The committee reviewed a vehicle replacement plan, fundraising, positive behavioral intervention and support (PBIS) funding, student activity funds, a proposal to upgrade all copiers/printers/scanners, permanent improvements, textbooks, and a proposed new statewide school funding plan.  
    February 18, 2021--Topics discussed included overtime, the food service fund, participation fees, supplies purchasing, federal COVID relief funds, restoration of some FY21 state funding, $8,438 Safe Schools grant, booster groups, and $30,574 of state funding for purchasing a bus.
    January 4, 2021--The committee discussed the FY22 Tax Budget, pending property tax valuation cases, $22,200 workers comp grant for a scissor lift, COVID leave, District Profile Report, and capital needs.
    November 16, 2020--The committee discussed the November five-year forecast, bonded employees and liability insurance, an update of the annual audit, investment advisor costs, the proposed Fair School Funding Plan, FY21 appropriation adjustments, and the upcoming process for the FY22 Tax Budget.  

Committee Members

  • Chair: Elise Sheehan
    Board Member: Pat Czech
    Board Member: Sheila Lopez
    Business Manager: Hal Kendrick
    Dir. of Curriculum: Brenda Svec
    Dir. of Technology: Jon Grega
    Superintendent: Michael Cook
    Treasurer/CFO: Michael Barnhart