Mentor Schools Quality Profile Report 2024 2025 - Flipbook - Page 11
excellence in financial reporting
>> Mentor Public Schools earned the Cer琀椀昀椀cate of
Achievement from the GFOA for Fiscal Year 23!
-Government Finance O昀케cers Associa琀椀on of the United States and Canada
Fiscal Stewardship
>>The Board of Educa琀椀on has created 昀椀ve 昀椀scal beliefs to ensure 昀椀scal prudence in every spending decision made by the Board of Educa琀椀on, Superintendent and Chief Financial O昀케cer.
>>The school district is commi琀琀ed to managing to long-term plans that include:
The District Strategic Plan
Enrollment Projec琀椀ons
Five-Year Budget Plan
Capital Repair Plans
Technology Plan
Classroom Furniture Plan
Vehicle Replacement Plan
>>As part of the Vehicle Replacement Plan, the Board of Educa琀椀on recently
decided to reduce spending on our bus feet, which will save the district $2.5
million through Fiscal Year 28. Our 昀氀eet is well-maintained and we s琀椀ll have enough buses to cover all of our routes and trips.
>>The Board of Educa琀椀on appoints a Ci琀椀zens Financial Advisory Commi琀琀ee to bring
a business perspec琀椀ve to the oversight of the 昀椀scal management of the school district. (pictured to the le昀琀: CFO Bill Wade meets with the Ci琀椀zens Financial Advisory Commi琀琀ee)
>>The Board of Educa琀椀on, Chief Financial O昀케cer and Superintendent aggressively
pursue non-tax revenue sources including: private grants; selling business and opera琀椀ons services; major corporate partnerships; cell phone towers; facility rentals; professional development services; and more.
>> Six Year Property Revalua琀椀ons for Lake County: Even with the rise in
property values in 2024, Mentor Public Schools tax revenue will stay rela琀椀vely 昀氀at. View the QR Code for more informa琀椀on about this.
>>The actual and expected student enrollment aligns with the district’s implementa琀椀on of a Facili琀椀es Management Plan in 2018-2019,
where the decision to go from opera琀椀ng three middle schools to two and eight elementary schools to seven was put into e昀昀ect. The
need to condense schools was a result of con琀椀nued declining enrollment in Mentor Public Schools and having to make appropriate facili琀椀es adjustments as part of our commitment to 昀椀scal responsibility with our taxpayer dollars. The Facili琀椀es Management Plan
was projected to save more than $1 million a year over the term of the 昀椀ve year 昀椀scal projec琀椀ons.
>>As part of the Facili琀椀es Management Plan, the former Dale R. Rice Elementary School building was sold in April 2020
for $400,000 and the Brentmoor Elementary School building was sold in June of 2019 for $600,000. State law requires
that proceeds from the sale of real estate be deposited into the permanent improvement fund.
>>Mentor Schools takes pride in its school buildings, facili琀椀es and grounds located across Mentor and Mentor-on-theLake. Along with its schools, the district owns a total of 16 proper琀椀es valued at $330.9 million, including both the largest indoor and outdoor spaces with sea琀椀ng available for community use in Lake County. These facili琀椀es are assets to
our community and are well-maintained via a 昀椀ve-year Permanent Improvement (PI) plan, with projects funded based
on established need.
>>Mentor Schools earned a four-star StaRS ra琀椀ng from the Ohio Auditor’s O昀케ce, which is the
