Sharing our financial story to keep you informed is of the utmost importance to our team. As such, I am pleased to present to you our
fourth-annual Financial Prospectus, which will be printed and mailed to all stakeholders this month who live within the Indian Hill School District. The message we have to deliver is one of fiscal stability, and that is a result of our community’s investment in our schools.
Due to the passage of the May 2021 combined bond/levy, work is now underway for our District to address the serious and substantial needs within our buildings. The bond is a 30-year financial commitment that will generate approximately $77 million for our facilities – that total includes the replacement of Indian Hill Middle School and the replacement of the Indian Hill Elementary School sawtooth wing; security upgrades at every building; and necessary mechanical upgrades across the District.
The levy passage also helped to stabilize our daily operating budget. The operational portion of the levy is a five-year commitment generating approximately $3.3 million per year so our District can maintain our nationally recognized educational experience that offers unparalleled opportunities in academics, the arts, and athletics for our students. Our District will have an option to place a renewal of this levy on a future ballot.
On behalf of our Board of Education, the administration, the teachers, and the staff members of the Indian Hill School District, I want to offer a sincere message of gratitude to the Indian Hill School District community for supporting the excellent educational services our District provides.
We will continue to look for opportunities to provide cost savings to our stakeholders in all that we do as an organization. Our budget is balanced; our financial outlook is stable; our focus is to continue to provide our stakeholders the excellence they expect and deserve, and doing so in a fiscally responsible manner.
Please don’t hesitate to contact me directly should you have any questions about our District finances. As always, thank you for your continued support.
Sincerely,
Mick Davis
Treasurer
Indian Hill Exempted Village School District