The Mentor Board of Education adopted our Chief Financial Officer Daniel L. Wilson’s May Update to the Five Year Forecast at a meeting last week. The forecast was recommended for approval to the Board by our Citizens Financial Advisory Committee.
And, there’s good news to report in the May Update. The forecast projects a balanced budget through the 2015-2016 school year and a $3.7 Million improvement of the deficit projected in 2016-17 compared to the October forecast.
This means, through aggressive fiscal management the Board of Education and Superintendent have stretched the emergency levy passed by our community in 2004 to fund at least 12 years of budgets. That is well beyond what was expected when the levy was placed on the ballot.
You can read more about the Five Year Forecast by visiting the Chief Financial Officer’s section of our website, www.mentorschools.net. Thank you for your continued support of Mentor Public Schools.