Milford released from fiscal caution

October 22nd, 2009    Author: Staff Report    Filed Under: News

The Milford Exempted Village School District has been released from its Fiscal Caution designation by the Ohio Department of Education.

The district recently received word of the move in a letter dated Oct. 14 from the Ohio deputy superintendent of public instruction and addressed to Milford Exempted Village School board president Debbie Marques.

“The expenditure reductions and/or revenue enhancements enacted and implemented by your school board should eliminate the potential for deficits in the current and next two fiscal years,” said Marilyn Troyer, deputy superintendent in the letter. “This improved financial position is evident in both your district’s five-year forecast and the Department of Education’s two year financial analysis.”

The school district was released from fiscal caution and the monthly monitoring by the Department of Education is no longer deemed necessary.

The school district was put on fiscal caution in 2008 when the district faced a severe budget deficit. With the passage of the operating levy in November 2008, the district is now more financially stable.

Further reviews in spending were made by the school board and several cuts were made where necessary.

The board has been working with the administration and staff to review all programs and ensure that it was spending money on programs that generated positive results for students.
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