Quality Profile Report 2022 - Flipbook - Page 10
Fiscal Stewardship
Financial responsibility ensures that we receive good value for every dollar spent.
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 our community’s children.
The Board of Education has adopted 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 Board of Education and CFO use several high level key
financial indicators to monitor and ensure structurally sound
budgets and the fiscally prudent execution of the budget
plan.
The Chief Financial Officer’s department operates will full transparency, posting all financial statements and records on our
website to be viewed by community members at any time. New this year, we will produce and mail an annual financial report to all homes and businesses in the district.
Even with federal COVID relief funds, over the last three fiscal years the negative impact of extra expenses related to the
COVID-19 crisis was $6 million.
Where the Money Comes From:
Where the Money GOES:
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
Classroom Furniture Plan
Vehicle Replacement 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.