Departments

Achieving Financial Stability Discussions with the Kings Board of Education

The Kings Local Board of Education has been engaged in discussions to achieve financial stability since 2020. The purpose of these discussions is to closely examine the revenues and expenditures of the District in consultation with the Superintendent, Treasurer, and Administrative Team of the District to determine a path forward to maintain services and address a growing student population.

The District is largely supported by local funding due to the structure of school funding in Ohio. Nearly 80% of all District revenue is derived from a local source (property within the district). Consequently, levy planning and the development of community support for local levies is an integral part of the District’s financial planning. Kings doesn't anticipate any additional state support from the State's budget.

The District utilized cash reserves from the 2016 Operating Levy through June 30, 2023. The levy was supposed to last 3 years, but the district was able to make it last 6.

A Kings Board of Education voted on July 12, 2022, to place a 6.4 mill levy on the November 2022 ballot to maintain a positive cash balance on June 30, 2024, and beyond. The levy pass in November of 2022.

Post 2022 levy, the Kings Board, Administration, and Community will discuss the financials of the District and formulate recommendations to determine a structure to achieve financial stability into the future. 

Board Discussions from 2021-2022 School Year

• 4/19/2022 - Discussion #1 -Current Events (video)

• 5/10/2022 - Discussion #2 - Revenues & Expenditures (video)

• 5/17/2022 - Cost Reductions & Levy Scenarios (video)   

• 6/6/2022 -   Potential Levy (video)   

•  7/12/2022 - 2022 Operating Levy (video - presentation begins at 48:03) 
• 10/10/2022 - 2022 Operating Levy Impact - (Video)