Treasurer

Accounts Payable & Accounts Receivable -  
Nikki Deters   937-289-1083


Payroll - Terri Binau   937-289-1063

November 2020 Five Year Forecast

May 2021 Five Year Forecast

To take a look at our books, please see Ohio Checkbook

Explanation of CARES/ESSER Money

Through our Strategic Planning process, it has been brought to my attention that we rated low in knowing the financial status of the district.  So I’m aiming to change that!  Each month I will give you a little snippet of our accounts and let you know any pertinent financial information. 

So at the end of May 2021, our bank statements looked like this:

Daily Operations = $3,030,149.31

Investments = $2,006,732.85.
You may notice the investments is ~$80k less than last month. We moved the scholarship accounts that we manage to the bank side of Peoples to avoid the fees, especially right now as interest is so low that we were losing money each month. (Also because the money wasn't actually invested!) So the dollar figures you see above are actually available to the school district, not managed by us but owned by someone else for scholarship purposes.

To give you a frame of reference, it costs our district an average of $425,000 for each payroll (semimonthly), $245,000 for our insurance each month (District side only), and $10,000 for Medicare each month (District side only).

Granted, we get about $315,000 twice a month from State Funding (which in addition covers our STRS/SERS [pensions] each month).

For our income tax, we get quarterly payments at the ends of January, April, July, and October.  We've received $784,120 this fiscal year. We greatly appreciate our community as this will help us end this year in the black!



    Carrie Bir
    Treasurer
     carrie.bir@cmfalcons.org
     937-289-1062






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