CAMBRIDGE, Ohio -- Much of Tuesday night's Cambridge City Schools, Board of Education meeting was spent wrapping up the current school year, and preparing for the next.
During their regular May meeting, the board approved a lengthy list of teachers, in continuing as well as one, two and three year contracts for the 2014-15 school year.
In addition to other contracts for the upcoming school year, the board also approved a number of personnel contracts, including summer-time programs and to keep the district running during summer break. The board also officially welcomed the newest member of the administration team, Natalie Buchanan, who was awarded a two year contract as South Elementary School Principal, taking over for Linda Halterman, who is stepping aside this summer.
Treasurer Charles Radcliff updated the board on the district's five year forecast. Radcliff tells AVC News that for FY 2014 (current) the district looks to be in a positive balance of just over $245,000, and next year (FY '15) the district also looks to be in the black by around $282,000. However, starting with Fisical Year 2016, the district predicts that they will be into deficit spending, and are predicting a negative balance of approximately $230,000.
Radcliff is quick to point out that the numbers are predictions based on current financial conditions, and may change considerably due to the ever-changing local, state and federal political climate.
When asked of the impact to the district from the oil and gas industry into the area, Superintendent Dennis Dettra's answer was: "not much". Dettra points out that the major impact is that of an increasing number of students transferring in and out of the district. Radcliff notes that any tax money from oil and gas wells is typically not seen for up to two years after the well is completed.
In other matters, the board approved the list of graduating CHS seniors for 2014, pending the completion of all requirements.
And, the board approved a resolution paving the way for an energy savings project. In accordance with HB 264, the district has submitted their plan to the state for an energy savings project, including upgrades and renovations district wide. Once approved by the state, the district will then contact a bond company, who will issue bonds to fund the project.
If all goes to plan, officials say the project will begin later this summer and be completed by late January. The initial estimated savings to the district will be $152,745. The bonds will be of no cost to the tax payer, and will be paid off through the energy savings.