Financial Facts #10
The Mentor Public Schools Five Year Forecast (updated October 2013) was recently
adopted by the Mentor Board of Education. For the first time, the forecast projects
a positive ending balance for the 2015-2016 fiscal year.
This is great news because it means
through aggressive fiscal management and favorable impact in State subsidies in
the new State budget, the district has 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.
The entire Fiscal Projections
2013-2014 Through 2017-2018 document can be found online by visiting the Chief
Financial Officer’s section of our website at
Thank you for your continued support
of Mentor Public Schools. We hope you find this series of information valuable in
our effort to run Mentor Schools efficiently and in the spirit of full disclosure,
while providing a high quality education for our students.