Fiscal Responsibility Goal 1
Springboro Schools will maintain a balanced budget while supporting academic excellence and expanding resources for students and staff.
- Engage all stakeholders through website, PAFR, meetings, informational training, correspondence, etc.
- Prepare ongoing budgets and forecasts for informed decisions
- Inspire creativity with student-centered budgeting
- Challenge all stakeholders to maintain a balanced budget that is student-centered.
- Implement a sustainable planning and budgeting process in which key stakeholders gather information on academic performance and cost structure, and establish a budgeting process that will utilize this data to optimize resource allocation. Build a budget process that is data driven on student achievement and the “whole child”.
- Create a staffing analysis to share with top level administrators that will show how personnel are currently being allocated within the school district. Work collaboratively as needed to create a sustainable three year staffing plan.
- Develop a budget timeline with specific guidelines on when and how
- Develop with key stakeholders an expenditure priority list that is guided by building and district goals. Define tradeoffs if needed to maintain a balanced budget. Examine with stakeholders which financial decisions have the greatest impact on student achievement.
- Work with key administrators to strengthen and further define a long-term capital needs plan.
- Create a quarterly financial update by building/department that will compare the most recent quarter to the same quarter for the previous three years in order to analyze changes to ensure proper resource allocation and make adjustments if needed to spending.
Fiscal Responsibility Goal 2
Increase fiscal awareness among all stakeholders through training, and communication
- Engage key community leaders to increase communication on district finances
- Engage with legislators regarding impact of potential future law changes to communicate impact to district. Examples: CCP, potential PTP changes, state funding changes.
- Increase online presence with relevant financial information to inform all stakeholders. Examples: highlight district financial report card data, do comparisons on fiscal accountability with similar and surrounding districts, PAFR, monthly financials, etc.
- Establish training program for staff on budgeting, and resource allocation to increase accountability through fiscal awareness.
- Work with communications coordinator to create a communication platform to inform key community stakeholders on the district’s current and future financial state. Highlight new initiatives, revenue sources, and education programs, discuss financial challenges.
- Further develop a shared vision between the district and booster organizations that will reduce operating costs and focus on student success. Work with key administrators to communicate with support organizations to address areas of need.
- Further utilize Opengov and Ohio Checkbook to inform all stakeholders on all district financial matters.
- Increase presence in community to discuss district finances. Examples: Rotary, Chamber etc.