The Penta Career Center treasurer issued her last fiveyear forecast at the district’s November 9 school board meeting.
Treasurer Carrie Herringshaw presented the forecast for 2023-27 as required by state law and updated the board on finances.
This year’s budget calls for revenues of $35.46 million, which will exceed by $1.67 million expenses of $37.13 million.
The district’s cash balance at the end of the fiscal year on June 30 will be $15.92 million. For the remainder of the forecast, Mrs. Herringshaw expects the trend to continue with expenses outpacing revenues of $5.17 million by 2027. As a result, the district’s cash balance also is expected to decline to $312,014 in the last year of the forecast.
Mrs. Herringshaw reminded the board the forecast is based on information available at this time and prepared “using historical and current statistics and evidence.”
She pointed out the state’s current biennium budget ends June 30 2023. “Hence state funding is not a known factor less than eight months from the date of this forecast, and the state is a source of approximately 54 percent of Penta’s general fund revenue.”
On the revenue side, the treasurer said property taxes are based on estimates from the county auditor and line items reflecting state funding are held constant, pending action from the state legislature.
With regard to expenditures, she explained, salaries for certified and classified personnel reflect current negotiated contracts with estimates made for later fiscal years using historical increases. Classified personnel have a contract through June 30, 2023, which reflects a 2 percent wage increase. Certified staff have a contact that runs through fiscal year 2025.
In the current year, 202223, they received a 1 percent wage increase and one-time payment of $5,000. Next year, they will receive a 1.5 percent increase and onetime payment of $3,000, and in the final year the increase will be 1.75 percent with a one-time payment of $1,000.
The treasurer believes benefits also will increase on average by 12 percent per year for fiscal years 2024 through 2027.
Discretionary expenditures also are impacting future budgets. Mrs. Herringshaw factored in an inflationary increase of 3 percent annually for services, supplies and materials from 2024 to 2027.
Other Business
In other business, the school board:
•Approved the retirement resignations of Debra Morris, supervisor of the Aspire program, and Daniel Weirich, supervisor, both effective June 20, 2023.
They also accepted resignations from Keith Brenneman, information specialist, and Jodi Farschman, English, both December 31, and Peg Orzechowski, job coach, November 15.
•Employed Brooke Schumacher, science instructor, starting January 4.
•Heard from Kelsey Frazier, food service supervisor, who presented the annual report on compliance with nutrition standards.
•Approved the employment of Kelley Amstutz, administrative assistant, starting January 3; Thomas Leuschner and Ms. Orzechowski, substitute job coaches, $15.64 per hour, for 2022-23, and Traci Riechman, job coach for 2022-23.
In addition, the board modified an administrative support contract for Alexandra Schwarzman to reflect a change of assignment.
•Approved five requests to attend professional meetings, three for ServSafe Training and two for the SkillsUSA fall leadership conference.
•Entered into an executive session to discuss personnel, but took no action afterward.
The next board of education meeting will be at 5:15 p.m., Wednesday, December 14, at the board meeting room, 9301 Buck Road, Perrysburg Township, and is open to the public.
