Leetonia schools projected in the black
LEETONIA – The Leetonia school board Tuesday night approved a five-year financial forecast that shows a positive cash balance through the final year.
Presented by school Treasurer Jennifer Coldsnow, the forecast shows a positive cash balance of over $6.2 million this year that dips to just over $3.8 million in the fifth. There is a projected deficit spending after the first year, growing to over $1 million in the fifth.
According to Coldsnow’s forecast, the district will receive approximately $1.5 million in real estate taxes for the fiscal year, but due to the current economic condition, there is a projected decrease for the next fiscal year. She also noted the district is losing $104,685 in funding this year, plus a 5 percent decrease in revenue and a likely decrease in casino revenue due to the COVID-19 pandemic.
In other business the board accepted donations of $1,920 from LASA to the Class of 2021, $500 from the Salem OES 334 for the Star of the East Scholarship Fund, $4,000 from the Leetonia Ruritan Club for the Ruritan Scholarship Fund, $50 from Diane Perkins for the Perkins-Tortora Scholarship Fund, $200 from Humtown Products for the stadium project and $100 anonymously for unpaid lunch accounts.
The board also approved a one-year lease extension to the Bears to Bee Preschool for use of a classroom at the K-12 campus; participation in the OME-RESA Cooperative Purchasing Program for the 2020-2021 school year; a TPA agreement for retirement plans with TSA; and a contract with the Community Action Agency (CAA) of Columbiana County as bus physician of record for annual bus driver physicals and random drug and alcohol testing of drivers.
Also at the meeting, interim schools Superintendent Dr. Andy Tommelleo reported the district will begin phase one of athletics on June 8 with guidance and restrictions on participation, which the coaches will have to enforce.
Tommelleo said Building and Grounds Supervisor Dan Favazzo will train Athletic Director Ed Ridgeway on cleaning and sanitizing procedures, then Ridgeway will train the coaches.
Student participation is up to the students and their parents and coach participation is up to the coaches, Tommelleo said in reference to the district’s liability.