Auditor of State Dave Yost’s office presented Logan-Hocking Local School District officials with the Auditor of State Award with Distinction for their fiscal year 2012 audit. This is the highest award bestowed by the Auditor of State. This is the third year in a row for Logan-Hocking to receive this distinguished award. The Auditor of State (AOS) performs nearly 5,700 audits covering school districts, cities, libraries, townships, counties, etc. Less than 2% of those audited (approximately 114) earn this award each year and only two (2) in the seventeen county Athens region have received this award for two years in a row.
Logan-Hocking Local School District Treasurer Paul F. Shaw CPA will be hosting two “Meet the School District Treasurer” forums to receive comments and answer questions regarding the School District’s finances. Purpose of the public gatherings is to enhance communications and to provide information first hand to the general public.
School District Saves Energy Dollars, Yet Faces Increases on the Horizon While Logan-Hocking Local School District has successfully implemented an energy conservation program to maintain its successful education programs, to save teacher’s jobs and keep the School District above water financially, the recent approval of a modified electric security plan for American Electric Power by the Public Utilities Commission of Ohio will make it more difficult for the School District and others throughout the state to stay afloat.
School District Breaks Even Financially in Fiscal Year 2012 For the seventeenth (17th) year in a row, the Logan-Hocking Local School District has finished its most recent fiscal year “in the black” – but not by much. Treasurer Paul Shaw reported to the Logan-Hocking Local Board of Education that General Fund sources exceeded uses by a mere $37,661 in the fiscal year ended June 30, 2012 (FY 2012). Revenues remained relatively flat for the fourth year in a row.
Financial Forecast: Challenges Remain Greater Than Ever Pledging to continue to provide financial forecasts that are current, consistent and credible, Logan-Hocking Local School District Treasurer/Chief Fiscal Officer Paul Shaw presented his most recent forecast to the Board of Education on Monday June 18.
Financial Forecast: Challenges to Continue Pledging to continue to provide financial forecasts that are current, consistent and credible, Logan-Hocking Local School District Treasurer/Chief Fiscal Officer Paul Shaw presented his most recent forecast to the Board of Education on Monday night. “The challenges we face today – decreasing or stagnant revenues, increasing costs – will continue in the next five years, and will place demands on the School District which we have not seen, to this degree, in the past”, commented Shaw.
With the 2011-2012 school year in full swing, the Logan-Hocking School District is looking to maintain the health of its general fund. The district faces a $1.2 million (or 5.8 percent) cut in state funding this school year, and is not expecting an increase in state funding the next school year. Despite the cut, it is projected the district will operate in the black for this school year, according to LHSD Treasurer Paul Shaw. General fund sources exceeded uses by $992,244 last fiscal yea...
Despite facing a $1.2 million (5.8%) cut in state funding this school year and expecting no increase in funding next school year, the Logan-Hocking Local School continues to be relatively financially strong. Especially for the past four years, the School District has actively taken advantages of opportunities to reduce expenses where it could, particularly in the areas of personnel costs. Treasurer Paul Shaw forecasts that General Fund expenditures this school year will be less than they wer...
Logan-Hocking School District officials continue to work to reduce expenditures while maintaining educational programs. According to Treasurer Paul Shaw, the district’s general fund payroll expense for Fiscal Year 2011 (7/1/10 through 6/30/11) has been cut and should reflect a decrease for the second consecutive year. Shaw announced that payroll expense this year is already $226,787 less than last year at this time. Payroll expense in FY 2011 is estimated to be $19.3 million. In FY 2009,...
Pledging to continue to provide financial forecasts that are current, consistent and credible, Logan-Hocking Local School District Treasurer/Chief Fiscal Officer Paul Shaw presented his most recent forecast to the Board of Education on Monday night. “The challenges we face today – decreasing or stagnant revenues, increasing costs – will continue in the next five years, and will place demands on the School District which we have not seen, to this degree, in the past”, commented Shaw. “The Boar...
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