FREDERICKTOWN — Fredericktown Board of Education Treasurer Heather Darnold updated the board on fiscal year 2022 and the looming picture in 2023, noting that the books are headed in the right direction.
The school’s insurance, covered by Ohio School Plan Liability and Property Insurance increased by $3,252, a total of $52,628. The increase is due to the district’s property value rising, boosting their insurance premium, Darnold said.
For Fiscal Year 2023 temporary appropriations, Darnold said $23,690,527.97 is estimated, which is about $30,000 less than fiscal year 2022. One reason for the reduction is the district will receive roughly $850,000 in open enrollment collections.
Since 2018, revenue has exceeded expenses, Darnold said, with roughly 52.7% of all revenue through state aid–the latter being in tax collection, which has seen an increase. To end fiscal year 2022, revenue will reach $12 million, she said.
The Fredericktown Board of Education also approved the purchase of a new security camera system for the K-12 building, and the replacement/installation of 84 new cameras, totaling $108,754.26.
“In today’s society, there’s no shortcut in security,” interim Fredericktown Superintendent James Peterson said.
The current security cameras at the district have lasted 15 years, Darnold said.
The next board meeting is July 26 at 6 p.m.
