Wednesday, August 29, 2001

Monroe district finances solid




        Monroe Local Schools enters its second school year in good financial shape and with a recent major land acquisition.

        Treasurer Sharron Moon says the district received $16.4 million in general fund revenue and spent only $10 million last school year.

        Projections for the 2001-02 school year call for general fund revenues just over $12 million and a budget of $9.5 million.

        Facilities and operations director Steve Campbell estimates thedistrict has spent $1.2 million in one-time start-up costs, improving the elementary school and bringing the high school up to code. School officials planned to spend just $100,000 but spent 10 times that amount on electrical, roof and window replacements or upgrades.

        Mr. Campbell says community volunteers' work and donations probably were worth “more than double” what the district spent.

        Just last week, the board of education agreed to spend $1.8 million to buy 124.5 acres of the Matson Farm at the northeast corner of Ohio 63 and Yankee Road. Another 62.2 acres is being donated by the four Matson sisters who own the farm.

        Four proposals for building one or more new schools are being discussed. A $29.9 million bond issue to pay for whatever is decided is up for vote Nov. 6.

       



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