2018 Quality Profile Report for Mentor Public Schools - Page 8



Financial responsibility ensures that the majority of funding is spent on classroom instruction.
SUSTAINING EDUCATIONAL QUALITY
The 2017-2018 school year was funded by a budget designed to sustain the high quality
educational programs provided to the community’s students. The budget development was
guided by our five fiscal beliefs, Board of Education policies, and our strategic plan. Most
significant, the 2017-2018 budget fully funded our comprehensive instructional technology
programs by reallocating existing resources and dedicating the casino tax revenue to the
annual purchase of student computers.
We once again experienced a successful budget year with actual revenues exceeding
budget by 4.8% and actual expenses that were 4.7% less than budgeted. This was the
sixteenth consecutive year actual expenses were less than the budgeted expenses. The
2017-2018 fiscal year expenses were 0.34% more than the previous fiscal year. This was
the ninth consecutive year expenses grew by less than 2.4%
The Board of Education, Superintendent, and Chief Financial Officer’s active exercise of
fiscal prudence has resulted in fully funding educational quality with an annual expense
growth approximately one-half of the state and national normal expense growth.
Salaries
Benefits
Special Education
Facilities

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