The Treasurer's Office oversees the financial operations of the District. This includes overseeing bi-weekly payroll for over 300 employees. The District has an annual budget of $23 million. The Treasurer's Office is also responsible for all accounting, payroll, and financial reporting requirements of the District. The Treasurer serves as the Chief Financial Officer and reports directly to the Board of Education. Many of the duties and responsibilities of the Treasurer are outlined in various sections of the Ohio Revised Code.
Claymont City Schools was the first school district in Tuscarawas County to post their spending on www.ohiocheckbook.com. Claymont City Schools’ online checkbook includes over 73,000 individual transactions that represent more than $68 million of total spending over the past three Fiscal Years. To see Claymont's online checkbook, click here.
“Claymont City Schools works hard to be as transparent as possible for its residents,” said Treasurer Lori Statler. “The OhioCheckbook allows our district to display our financial records in an easy, interactive format and will improve transparency for the entire Twin City region.”
Five Year Forecast
As required by Section 5705.391 of the Ohio Revised Code, every school district in the state of Ohio is required to file a five-year forecast twice a year. The first is due by October 31 and a revised forecast is due by May 30 of each school year. The forecast for Claymont City School District reflects financial information for the District's General Fund and any related Federal Grants. The first 3 columns reflect actual activity for the 3 most recent fiscal years (July 1 through June 30). The last 5 columns reflect estimates for the present fiscal year and four additional fiscal years.
The reader should remember that a forecast is somewhat like a painting of the future, which is based upon a snap shot of today that has been adjusted to reflect all known activities of the future along with certain assumptions and predictions of what may happen. In other words, it is a living document that becomes outdated once any additional information has come to light, which may introduce new events or changes in assumptions for the future. As such, the five-year forecast is a good planning tool at best and will change periodically as updated information becomes available.
The reader should also remember that the numbers themselves tell only a small part of the story in financial forecasting. For the numbers to be meaningful, the reader must review and consider the Forecast Assumptions before drawing conclusions or using the data as a basis of other calculations. In short, the Forecast Assumptions are crucial to understanding the meaning of the numbers contained in a financial forecast.
Since the preparation of a meaningful five-year forecast is as much of an art as it is a science, and considering all of the intricacies of the information being presented, it is recommended that you contact the Treasurer/CFO with your questions.