Indian Hill School District recognized for excellence in financial reporting

Auditor of State Award

At the Indian Hill School District, excellence in financial reporting is award-winning – so says the Ohio Office of the Auditor. Ohio Auditor of State Keith Faber presented Indian Hill School District Treasurer Mick Davis with his third-consecutive Auditor of State Award for excellence in financial reporting during the year 2018.

“This award is a reflection on our Board of Education and administration’s commitment to conservative fiscal management, transparency, and strategic investment in the District’s mission,” said Indian Hill School District Treasurer Mick Davis. “We are stewards of taxpayer money, and we take our community’s investment in our ability to provide exceptional educational services to ensure the intellectual development, personal growth, and social responsibility of each student extremely seriously.”

Due to excellent management of a bond issue, the District recently achieved taxpayer savings of $8.5 million. A significant share of what residents pay on the bond expired, which reduced the bond debt by 1.74 mills. This equates to an annual savings of $304 on a $500,000 home, and an annual savings of $609 on a $1 million home.

“Our District has the lowest tax rate within Hamilton County,” said Davis. “Our community receives an exceptional value for the excellent services we provide. While we face a future where we understand we are going to have to address aging facilities and operational needs, our residents can rest assured we will move forward in a way that will honor our tradition of excellence with an eye toward responsible fiscal management.”

Photo caption: Indian Hill Board of Education Vice President of Finance Nancy Aichholz and Indian Hill Treasurer Mick Davis with the Auditor of State Award during the March 19, 2019 Board of Education Meeting.