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This story was printed from Vermilion Local Schools. Site URL: http://www.vermilionschools.org. |
November 23, 2009
At the November 18, 2009, Regular Board of Education Meeting, the Board of Education took their first hard look at the Five Year Financial Forecast since the failure of a proposed new levy at the recent election. While the administrative team continues to look for ways to make reductions in spending, the goal is to maintain the best education possible for Vermilion’s students. This will be even more difficult with the loss of at least a year’s worth of income the levy would have provided.
As the financial future was summarized by Amy Hendricks,
Treasurer/CFO, it was clear that even with passing a levy in the
future, many of the budget cuts will be permanent. The district is
in the same situation as the people in our community trying to make
ends meet in a tough economy. In order for Vermilion to begin to
recover and attract new businesses and home buyers, having a strong
school district is key. The presentation may be viewed by clicking
on
this text to open the PowerPoint presentation.
The most recent financial forecast and report are available as
well:
http://fyf.oecn.k12.oh.us/
Please click on this text to submit your ideas for cost cutting savings.
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