Wolf Creek Board of Education discusses financial forecast | News, Sports, Jobs

Treasurer Rachel Miller went on the five-year forecast at the Wolf Creek Board of Education meeting. (Photo by James Dobbs)

WATERFORD – The five-year forecast for Wolf Creek Local Schools, presented by Treasurer Rachel Miller, shows a positive light in the district.

“We are ending with a positive cash balance, all the way through 2026,” said Miller at Monday’s meeting of the Wolf Creek Board of Education.

Miller said public utility is their main tax payer and makes up 52.87 percent of the district’s revenue. She said the state has the second highest tax payer, which represents 27.82 percent of revenue. She said it is up from last year, where it was 22.95 percent. She said their third largest tax payer is local government, which accounts for 15.88 percent of revenue.

Miller said the district’s expenditures could be broken down by wages, benefits and other services or utilities. She said wages account for 51 percent, benefits account for 27 percent and other services account for 15 percent of expenditures.

“Wages and benefits are 78 percent of our total expenditure, which is a lot less than the state average, which is 81 percent,” she said.

Superintendent Doug Baldwin discusses the Wolf Creek Board of Education meeting at Serve Waterford Day. (Photo by James Dobbs)

She said the benefits are the fastest growing expenditure.

Miller said the ESSER funds are currently providing funding for about four positions, including aides and a custodian. She said they might move from funding to the general fund if they need to continue in those positions in the future.

The board unanimously approved the five-year financial forecast as presented.

Suellen Coleman, principal at Waterford High School, spoke about Serve Waterford Day, a day where students serve the community by volunteering and helping projects around the area. It will take place on Friday, May 13. She said students will go to places like elementary school and fairgrounds for projects in the morning and will have a cookout in the afternoon.

Superintendent Doug Baldwin said he plans to take 20 students to the old AEP site to help clean up the parking lot, paint and landscape the area.

Coleman said graduation is May 29. The last day for seniors is May 23 and the last day for students is May 26.

The board accepted the resignations of Jeffrey McRill and Darci Robinson effective June 30, 2022, and Kirk Huffman and John Zimmer effective immediately.

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