Question - How does the school district keep track of money that's not for the general operation of the school, such as permanent improvements and bond issues?

Answer - School finances are tracked by 'fund' number. Funds are defined and audited annually by the Ohio Auditor of State. The general fund, our largest fund, is used for the school district's day-to-day operations for things like wages, benefits, outside education services, utilities, textbooks, supplies, fuel and others. Last year, it accounted for 78% of our revenue ($11.6 million of $15.0 million) and 78% of our expenses ($11.4 million of $14.5 million). The balance of revenue and expenses were for other funds such as the permanent improvement fund (from the one-half mill that was renewed last November), grants, athletic and student funds, food services and bond retirement (used to pay our debt). These non-general funds are for specific purposes and cannot be used in any other way.