five-year forecast

Five-year financial forecast shows district spending in the red starting in 2019

By Candace Barczyk The Vermilion Local School District is currently in good financial shape, however, treasurer Justin Klingshirn reported to board members at their Monday, Oct. 8 meeting that the district in the future will have to cut expenditures, add revenue, or both, to be fiscally solvent. The board approved the district’s five-year forecast asContinue reading “Five-year financial forecast shows district spending in the red starting in 2019”

Treasurer presents positive outlook on district’s financial state

Treasurer presents positive outlook on district’s financial state By Melanie Williamson School district treasurer Suzanne Wilson presented the five-year forecast during the Monday, October 30, special school board meeting. She started with the executive summary that shows forecasted expenses and revenue through to the fiscal year 2022. She reminded the board that the forecasted amountsContinue reading “Treasurer presents positive outlook on district’s financial state”

Vermilion school board looks at financial future with five-year forecast

By: Melanie Williamson On Tuesday, May 23, the Vermilion school board met to review the five-year financial forecast for the district. However, with so many unknowns regarding the proposed stated education budget and the currently offered severance package, it was difficult to get a clear picture. As of the meeting, the district is reportedly doingContinue reading “Vermilion school board looks at financial future with five-year forecast”