OHIO — The Ohio High School Board approved its 2011-12 Audit Report at its meeting Monday.
Superintendent Sharon Sweger said there were many positive things about the report.
“We earned Recognition Status with a perfect four points out of four points,” she said.
The Illinois State Board of Education annually issues a Financial Profile to gauge school districts’ financial condition. The profile is based on an analysis of school districts’ annual financial reports, and each district receives a designation ranging from Financial Recognition, down through Financial Review, Financial Early Warning and Financial Watch.
In 2010 the district received a 3.55 and climbed to an almost perfect 3.9 in 2011.
Sweger said the district now has 209 days of cash on hand, slightly more than the benchmark of 200 days the state likes to see. She added the grade school district is not at that point yet.
Other statistics from the audit show that operating expenses per pupil were $21,578. For the 2009-10 school year, the average state operating expenditure per pupil was $11,537.
The audit also showed the district’s tuition was $17,955.
“That’s high, we know,” Sweger said.
Sweger said when the tuition rate is figured, it also includes the cost of ongoing construction projects.
There was also good news for the tax rate. Sweger said the audit showed a tax rate of 2.0397 for the 2011 levy, down .9103 from 2010.
Another section of the audit discussed shared services and outsourcing. Sweger said the district shares “a lot,” including with the grade school district, the Bureau Marshall Putnam Special Education Cooperative, the Whiteside Career Center, the LaMoille School District for extracurriculars, and the Princeton School District for sports and its food service program.
“Basically we’re a good example to the state,” she said. “They’re trying to get more schools to share services.”
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