Five Year Forecast Financial Report

As a consequence of the Coronavirus Pandemic, our district received a $288,082 state funding cut for the current fiscal year, which ends on June 30th. It is unknown at this time what the state funding cuts will be going forward into fiscal year 20-21 and beyond. Additionally, our revenue from property taxes will likely be reduced due to delinquencies.


We are required to submit a 5 year forecast to the Ohio Department of Education in May and November. The 5 year forecast I am submitting includes cuts for next year equal to the $288,082 reduction we received this year. There are also two additional scenarios at the back of the forecast report that show what will happen if the reductions are double ($576,164) and triple ($864,246) in 20-21.


At this point, it is unknown what will happen to state funding over the next few years. As we receive information, I will be updating the forecast and will keep the board updated. As always, if there are any questions regarding the forecast, please email or call me.


Amber Babik,

Treasurer


FIVE YEAR FORECAST FINANCIAL REPORT


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Notice of Nondiscrimination & Access to Equal Education

The Hubbard Exempted Village School District will not discriminate nor tolerate harassment in its educational programs or activities for any reasons, including on the basis of religion, race, color, national origin, sex, disability, military status, ancestry, or age and provides equal access to the Boy Scouts and other designated youth groups. Additionally, it will not discriminate in its employment policies and practices. If you have questions, have witnessed, or have experienced acts of discrimination based on these criteria and wish to express a grievance please contact the following:

District Compliance Officers, Tracie Liptak, 250 Hall Ave., David Reel, 350 Hall Ave., Hubbard, Ohio 44425, 330-534-1921 Ext. 3002, Ext. 2002
Section 504 Coordinator, Mary Mathews Bebech/Pupil Service Director, 108 Orchard Ave. Hubbard, Ohio 44425, 330-534-1921 Ext. 1001