Financial Indian Hill School District	Prospectus
2019

		

Indian Hill School District #9 in the country!

				

					

A message fom Treasurer Mick Davis

Building a Brave future – at the Indian Hill School District, that is the work we are engaged in with you, our investor. As
such, on behalf of the Board of Education, I’m pleased to present to you our second-annual Financial Prospectus. We have
a mission of Enduring Excellence in Learning, Leadership, Innovation, and Service; we also strive to be excellent stewards of the financial investment our taxpayers make in our District. This publication offers you a view of the investments we make in education to
ensure the excellence in fiscal operations match our educational excellence.
As your treasurer, I will continue to provide you timely financial updates. As always,
I thank you for your continued support of the excellent educational services we provide within the Indian Hill School District. Should you have any questions about our District’s finances, please contact me directly.

Sincerely,

Mick.Davis@indianhillschools.org

District is
value; our
the lowest
in Hamilton
11	Norwood	47.04
Average	45.25
13
41.82
16	Forest Hills	38.71
17	Princeton	37.83
2019 School Year
Educational
Funding
as a Total Percent
4.8%
An investment in excellence

Small class sizes for more individualized instruction

Excellent stewards of taxpayer investmen

Homeowner taxes to school went down in 2019

Tax Year 2018 Collection 2019

Rank District	Rate

1
65.35
St. Bernard -Elmwood Pl

An experienced and award-winning
teaching staff

The District did an excellent job managing the last bond issue – structuring the refinancing of bonds to achieve taxpayer savings of $8.5 million. That savings
for residents comes in the form of reduced millage paid toward the bonds. Effective this year, a significant share of what residents pay on this bond expired – reducing the
bond debt by 1.74 mills. That means an annual reduction of $304 on a $500,000 home, and an annual savings of $609 on a $1 million home.

2 3

4

5

6

7 8

9

Finneytown Mariemont
Winton Woods

Cincinnati

Wyoming

Madeira Deer Park
Mount Healthy

62.74 62.64

59.74

52.98

52.37
(1-1/4% Income

Tax)

51.99 51.42

49.53

Spanish instruction beginning in first grade, with French and Latin language
options in grades 6 through 12 and global learning expeditions

319 student-musicians from Middle School and High School who perform with orchestra
and band as part of our nationally recognized music education program

27 Advanced Placement courses and Indian Hill High School is one of an elite
number of high schools approved to offer the challenging AP Capstone

An award-winning team of counselors supporting our Braves through the
college application process

It’s important to note our last operating levy,	10	Reading	47.17 which funds the District’s day-to-day expenses,
was passed more than 25 years ago, and it was	12	Loveland	45.04 not renewed by the Board of Education in 1998.                         North College
The Board, in being respectful to the community,	Hill
determined that they would not seek a renewal of	14	Milford	41.19 the issue, and they would instead allow the funding	15	Lockland	39.44

to expire. During this time, our schools have had

to absorb funding cuts, changes in tax laws, and	18	Sycamore	35.78 inflationary cost increases. This continues to strain	19	Oak Hills	35.65 our District’s ability to maintain current educational          20       Three Rivers      35.75

27.1
services, facilities, and learning opportunities that	21	Northwest	35.35 are key to the mission of our District. The majority	22	Southwest	(.75% Earned
23
Indian Hill 24.03
of our revenue comes from property tax – more	Income Tax) than 90 percent. We continue to operate from
levies passed in the 1980s and earlier with a
near-zero inflationary increase.	The Indian Additionally,	Hill School Indian Hill receives
an excellent
State
minimal state education funding – in fact, less
than five percent of our
revenue is from this	District’s

of District Revenue source. This is something	tax rate is we do not anticipate ever
increasing but we hope to
maintain going forward.	County.

District
Committee
future needs; and
scenarios for the
provide learning
excellence for
District Finance Committee to play
Committee to review schoo funding processes and
School building facilities assessment underway

To continue to follow the latest news on the process, visit the
“Facilities Assessment” page of the District website within the “About” section.

School updates needed

District Steering Committee Team Meeting
As we communicated with you last year, we are diverting funds from the operating budget to pay for needed building improvements and emergency repairs. Due to this demand on our budget, the District launched a Facilities Assessment Task Force comprised of community members, parents, and staff members in 2018.

Steering
District’s community-based facility process to detail needs

Work and planning to fully assess the school facilities

within the Indian Hill School District continue and remain	Mission	Vision on schedule. As a next step, the District’s Steering

Committee, a subcommittee of the overarching Facilities	Create and	We envision learning environments to enhance Assessment Task Force, launched the next phase of the	present	opportunities for each student to achieve his/her work which includes an analysis of capital needs at all	two to four	potential in academics, arts, and athletics. Proposed District school buildings and facilities.	District capital	District capital improvement scenarios will:
improvement	1. allow students and staff to thrive in safe, supportive,
incorporate best practices in K-12 learning
of the Board of
key role in facilities process	consideration	and collaborative learning environments; Additionally, Treasurer Mick lDavis has convened a Finance	Education that               2. environments while providing flexibility to adapt to

capital/operating funding options. The Steering and Finance
students and staff.
Committees will join forces to draft potential scenarios for	3. optimize financial resources provided by our the Board of Education to consider late fall 2019.                                                                        taxpayers to benefit students, staff, and
community members.

Considerations

• Safety & Security

• Learning Environments (current & future)

• Accessibility

• Infrastructure & Energy

27.0
1.2
0.2%
3.6%
13.2%
2019
operations that match
and recently earned
recognition from
Home of the Braves

demonstrates the
Public-Private Fundraising Project                                           Indian Hill Schools Operational Eficiency and Effectiveness – at                                                                     excellence in fiscal
the Indian Hill School District this is a key	our educational
focus area within our G.O.L.D. strategic plan	excellence. We regularly
in fiscal reporting,
for transformational excellence. Key to that is	earn the recognition optimizing resource utilization. During 2018	from the state auditor’s the District – in partnership with the Indian Hill	ofice for excellence Foundation – launched a bold and visionary effort
to complete an athletic complex to better serve
our community and the most students possible.	the Ohio Senate for
The District saw the Home of the Braves public-	exemplary achievement private fundraising process as an opportunity to	in financial reporting.

use money already allocated within our capital plan to address serious and substantial athletic facility needs within Indian Hill Middle School and Indian Hill High School, and partner
with private donors through the Indian Hill Foundation to increase and expand our ability to create a better facility that will serve even more student-athletes. This effort marks the first-ever public-private partnership with the Indian Hill Foundation and private donors to complete a capital campaign.

Other Objects
Supplies & Materials %Advances Out	EXPENSES

3.9%
Purchased
Services
Salaries
57.5%
Capital Outlay	We invest our dollars into the people and programs that advance our vision
Benefi
20.4%
of enduring excellence while maintaining the lowest tax rate in Hamilton County.

Brave Achievement

An ACT composite score six points above
the national average

21 students recognized by the National Merit
program

A World Champion Mock Trial Team

Braves earned 46 Scholastic Art Awards,
and two National Scholastic Medals

Student involvement in 80-plus clubs
and activities with 94 percent student
participation at High School

State Champion athletic teams

# Promise

Indian Hill Exempted Village School District 6855 Drake Road, Cincinnati, OH 45243
(513) 272-4500

facebook.com/indianhillschools @ihschools
Indianhillschools

Non-Profit Org. U.S. Postage PAID Cincinnati, OH Permit No. 197

Indian Hill Exempted Village School District Board of Education
Vice President of Operations Elizabeth Johnston, Member Lyle Fiore, President Kim Martin Lewis, Member Eddie Hooker,Vice President of Finance Nancy Aichholz

indianhillschools.org The Indian Hill Exempted Village School District serves students in
the Village of Indian Hill, Kenwood, parts of Sycamore and Symmes Township, Camp Dennison and a small portion of Loveland.

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