Office of the CFO/Treasurer

Office of the CFO/Treasurer

Cheryl Swisher, CFO/Treasurer

CFO/Treasurer
 The Treasurer is the chief fiscal officer of the school district and is responsible for the financial affairs of the district. The Treasurer reports directly to the Board of Education and is located in the Business Office at 801 S. Clinton, Defiance Ohio. The Business Office for Defiance City Schools includes the functions of payroll, accounts receivable/payable, and financial accountability, record keeping and reporting.

District Financial Status

INCOME AND EXPENSE STATEMENT
2020-2024
The Income and Expense Statement is an executive summary that outlines a simplified statement of the five year forecast. It takes revenues, plus levies not passed, minus expenses and shows whether the District is in a Surplus or Deficit situation. The District passed a $1.58 million levy in May 2017 so the next renewal will be collected in Tax year 2023 (on the ballot in November of 2022). This renewal is in Fiscal Year 2023. The Income and Expense Statement outline the revenue and expenditures for all five years.  The black is revenue received and forecast to be received and the Red Line is expenditures.   From this graph, you can see that the District does deficit spend (one year of expenses vs. the same year revenue with no carryover) in FY20 ($11,197), FY21 ($2,002,766), FY22($2,987,658) and FY23 ($4,951,631) and FY24 ($6,802,324).  However, if you include carryover, the District does not see a deficit balance until FY 2024 ($4,725,073 without levy renewal).  If the Levy is renewed, that number drops to a deficit of $2,284,764.

OPERATING REVENUE AND EXPENSE

OPERATING REVENUE AND EXPENSE

Fraud Reporting

To report fraud, The Ohio Fraud Reporting System provides citizens and public employees with several ways to anonymously report allegations of fraud, abuse or misuse of taxpayer funds.   Individuals can anonymously report online at the Auditor of State’s website (Click here), call the SIU Fraud Hotline: 1-866-FRAUD OH (1-866-372-8364), or mail a written complaint to:       

                  Ohio Auditor of State’s Office
                  Special Investigations Unit
                  88 East Broad Street
                  P.O. Box 1140
                  Columbus, OH 43215


© 2020. Defiance City Schools. All Rights Reserved.
Website Created by eSchoolView
View text-based website