The bond passed, now what?

Dear Finneytown Families,                                                                                                           November 18, 2019 As you know, our community passed the bond issue earlier this month. Once I again, thank you for your participation and help with this. That phase is over but the real work starts now! Here is a very brief timeline to help you know what to expect. November 2019                We will post advertisements for Construction Companies (done)                                                 We will post advertisements for Architectural Firms (done)                                                 We will contact companies about Turf …

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Thank You!

Dear Finneytown. Words cannot begin to express the gratitude I feel towards this community! I am so proud to be part of Finneytown. I fell in love with this district 4 years ago when I moved here. I grow fonder every day of the people and the place. Thank you to every person who worked with the team to get the word out. Thank you to every person who voted. Thank you for continuing to be a community that supports …

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Treasurer Excerpt (11)

Finneytown facilities history timeline 1996 – Voters approve a 3.96 mill, $8.71 million bond issue over 28 years. Funds were used to con- struct eight (8) additional classrooms, a new media center and computer lab, renovate program areas, and make significant roof, HVAC, flooring, window, lighting, painting, and parking lot improvements. 2001 – The District requests its initial building assessment from the Ohio Schools Facility Commission. 2006 – The District forms a Long Range Facilities Steering Committee, consisting of 25 …

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Did You Know? Finneytown Local School District Rated AA! S&P Global analyzes and provides credit scores on school districts looking to borrow money in the financial markets. Since 2010, Finneytown Local School District has held S&P Global’s AA rating. The AA rating is a very strong, high quality, investment grade rating and places Finneytown in select company among school districts across the state. The high credit rating reflects a lower risk of default and translates into a lower cost of …

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Why are Finneytown taxes so high? A question that sometimes comes up is “Why are Finneytown taxes so high?” Finneytown Local School District is committed to maintaining the highest standards of fiscal responsibility and stewardship. So while the cause isn’t waste or inefficiency, there are some very valid reasons for the district’s high tax effort: Small tax base – Finneytown ranks 18 out of 22 districts in Hamilton County in terms of the size of its tax base. Finneytown can …

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FINNEYTOWN LOCAL SCHOOL DISTRICT COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE Fiscal Year 2018-2019 General Fund Bond Retirement Perm Improvement All Other Funds Total All Funds Beginning Balance 6,323,727 714,161 356,613 761,049 8,155,550  Revenues Local Taxes 9,938,344 917,131 221,807 0 11,077,282 Tuition, Fees & Interest 1,450,567 14 3 828,303 2,278,887 State of Ohio Support 9,079,837 141,892 33,188 1,706,446 10,961,363 Federal Grants 39,531 0 0 960,709 1,000,240 Total Revenues 20,508,278 1,059,038 254,998 3,495,458 25,317,772         …

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What is the difference between an Operating Levy, Permanent Improvement Levy and Bond Issue? Finneytown Local School District utilizes the following three types of local tax revenue options: Operating levy A voted local property tax The primary vehicle used to raise local funds for a district’s General Fund (001) Can be used to pay normal, day-to-day operating expenses of a school district such as salaries, fringe benefits, utilities, instructional supplies and equipment Finneytown collects $9,938,000 annually. Permanent Improvement Levy A …

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Why is the Board bringing this proposal to the community now? There has never been a better time to more affordably replace our outdated, inefficient and expensive to maintain buildings with newly constructed school buildings. Here is a “By the Numbers” look at why: 1) 27.8 million The amount of money in dollars the state of Ohio will give Finneytown Local School District (FLSD) to construct a brand new K-6 elementary school and 7-12 high school/middle school. 2) 60 The …

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Excerpts from Treasurer (5)

Finneytown Master Plan project details This proposal calls for the construction of the Master Plan in two distinct phases. Assuming passage of the bond issue in November 2019, Phase I would begin in the spring of 2020. Phase II would begin approximately two to three years later, when the state legislature is projected to fund the next round of OFCC projects. Phase I Project: New grade K-6 elementary building                                            $22,077,095 5% contingency (upgraded finishes)                                           $ 1,175,566 Charles McNulty Stadium synthetic turf installation           $ …

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