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HomeSchoolsState Warns Tipp Schools "Fiscal Caution" Due to Projected FY 2013 Deficit

State Warns Tipp Schools “Fiscal Caution” Due to Projected FY 2013 Deficit

Tipp-fiscal-caution

Open Letter to Tipp Residents from School Superintendent, John Kronour

Dear Tipp City Residents:

RE: FISCAL CAUTION and AUDITOR OF STATE AWARD!

 Recently the Ohio Department of Education sent the Tipp City Exempted Village School District a letter stating the District could be placed in Fiscal Caution if the October five-year forecast still shows a deficit in fiscal year 2013.

In the same month the Tipp City Exempted Village Schools District was awarded the Auditor of State Award for the second year in a row. The Auditor of State, Dave Yost’s office has returned a clean audit report and said, “Clean and accurate record-keeping are the foundation for good government, and the taxpayers can take pride in your commitment to accountability.”

Tipp City Exempted Village Schools’ Treasurer, Joe Smith says, “The two letters seem to conflict, but in a nut shell, the Auditor of State Award means the Tipp City School finance department is doing a great job of managing the District’s money.  And the FY 13 Deficit Notification means if revenues stay the same the District will not have enough money to pay the bills.”

Mr. Smith also explains, “If Tipp City Schools is placed under Fiscal Caution, the law allows the Ohio Department of Education to visit and monitor the District’s financial situation monthly. District administrators and the Board of Education know the budget needs to be balanced.  The current plan is to make cuts and go to the voters.”

Tipp City Schools has already cut $1.3 million out of the expenses to help the District get through school year FY2012 and will be cutting another $1,348,363.

With the additional funding cuts coming at the end of FY2012 and rising costs, the District has put together a three-fold plan;

  1. Make more cuts.
  2. Implement other cost-recovery initiatives.
  3. Go back to the public for more funding.

This is to continue the level of education the community has come to expect.

Respectfully,

Dr. John P. Kronour
Superintendent, Tipp City Exempted Village Schools

 

Tipp News
Mike McDermott is publisher of several web news properties, including this one. Long time resident, and local business owner, Mike McDermott lives in the downtown and fiercely defends Tipp City's honor at home and abroad.

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