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Expenses, revenue up in Brunswick Schools' fiscal forecast

BRUNSWICK — Brunswick Schools Treasurer Mark Pepera presented the district's five-year forecast Monday evening that showed a steady increase in revenue and expenses from fiscal year 2017 to 2021.

His report showed the district expects to receive about $70.3 million in revenue in fiscal year 2017 and $72.8 million in fiscal year 2021.

Pepera estimated expenses to be about $67.7 million in fiscal year 2017 and increasing by $10 million by fiscal year 2021.

Superintendent Mike Mayell noted the district usually does "$1 (million) to $2 million" better in expenditures than what the five-year forecast accounts for.

Pepera said the forecast assumes voters would approve any emergency levies within that time.

"These projections are based on what I know today and looking out into future," Pepera said. "It doesn't assume any material changes and assumes a conservative approach by the (Ohio) House and budget, which a good bulk of our revenue comes from."

Pepera said the district receives more than $20 million annually from the state.

There are several versions of the state budget as it moves toward approval June 30. Fiscal year 2018 begins July 1. The budget now is being considered in the Ohio Senate.

In his presentation, Pepera noted the state's biennial budget shows the district would see a 1.9 percent increase in fiscal year 2017 and 0.2 percent in fiscal year 2018.

But an Ohio House version shows a 2.2 percent increase in fiscal year 2017 for Brunswick and a 0.2 percent increase in fiscal year 2018.

"At this point of time, it's good news for us," Pepera said. "We're not projecting a decrease, but it (the budget) still has a ways to go with the Senate. We are hopeful."

Other news

  • The school board approved participating in the Ohio School Facilities Commission Exceptional Needs Program. That will give the district 37 percent of the cost, or approximately $17 million, for construction of a new middle school. In addition, the board passed a resolution to move forward on placing a bond issue on the November ballot to fund the $55 million project, which includes a new middle school, multipurpose athletic facility and performing arts center, and replacing roofs and windows at elementary schools.
  • Crestview Elementary School will receive a partial roof replacement. The board approved a $94,900 contract with Roberts Roofing Co. of Willoughby.
  • A representative from the state auditor's office recognized Brunswick Schools for receiving the Auditor of State Award for fiscal year 2016.
  • The district was presented a plaque as the Leukemia & Lymphoma Society's District of Distinction for 2017 for raising more than $15,000 to help fund blood cancer research. Applewood Elementary was recognized as "Rookie of the Year" as the top fundraising school among new schools with $3,194.34 raised. Edwards Middle School received the "Power Penny" award after growing its campaign from the previous year by 686.89 percent.

Contact reporter Halee Heironimus at (330) 721-4012 or hheironimus@medina-gazette.com.

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