2018 Quality Profile Report for Mentor Public Schools - Page 9



>> Mentor Public Schools earned its eighth consecutive
Perfect Audit from the Ohio Auditor of State’s office for
Fiscal Year 2017!
“Only about five percent of the
entities that we audit in Ohio
earn The Auditor of State Award
with Distinction.”
The Mentor Board of Education is committed to prudent fiscal management of the school district’s resources with the goal
of ensuring adequate funding to sustain the strategic plan and high quality education for the community’s children.
The following are significant factors to maintaining fiscal prudence:
>>The Board of Education has adopted four specific policies to guide the fiscal management of the district and
requires budgeting that funds a quality education for students within the district’s strategic plan and fiscal plan.
>>The Board of Education has created five fiscal beliefs to ensure fiscal prudence in every spending decision made
by the Board of Education, Superintendent and Chief Financial Officer.
>>The school district is committed to managing to long-term plans that include:

The District Strategic Plan

Enrollment Projections

Five-Year Budget Plan

Capital Repair Plans

Technology Plan
>>The Board of Education appoints a Citizens Financial Advisory Committee to bring a business perspective to the
oversight of the fiscal management of the school district.
>>The Chief Financial Officer has developed several high level key financial indicators for the Board to monitor to
ensure structurally sound budgets and the fiscally prudent execution of the budget plan.

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