The Forest Hills Treasurer’s Office provides fiscal accountability through effective accounting and resource management procedures that are aligned with government regulations and district initiatives. The district is proud to have provided stability and opportunities for students without needing to ask the community for additional financial support for operations since 2012 and not anticipating to ask for additional financial support for operations until 2018 - a six year span.
The Treasurer of an Ohio school district must hold an appropriate certification to serve as the Chief Financial Officer and reports directly to the Board of Education. The Treasurer's Office is responsible for all district financial operations including accounting, payroll, reporting, compliance with the Auditor of the State, EMIS (student information) data coordination (for state funding) and the preparation of the annual tax budget and Five Year Financial Forecast. Copies of these documents are available to the general public.
In January 2015, Forest Hills received bond ratings on the bonds issued after voters approved Issue 4 in November 2014 to renovate and rebuild district schools. Moody’s Investors Service awarded Forest Hills a Aa2 bond rating while Standard and Poor’s awarded the district a AA rating - both excellent ratings. These ratings helped the district secure lower interest rates, saving taxpayers more than $1 million. Read the ratings reports here.
Further, excellence in financial record keeping and sound accounting practice earned Forest Hills the Award with Distinction from Auditor of State Dave Yost for the 2013-14 fiscal year audit. Read the audit here.