telephone icon330-264-9491 3205 Shreve Road, Wooster, OH 44691

Office of the Treasurer

 

Treasurer -Sue Kruse

Assistant to the Treasurer - Cynthia Harris                   Administrative  Assistant - Melissa Snyder

 

 

 

FIVE YEAR FORECAST & ASSUMPTIONS

Balanced budgets and adequate cash reserves are essential components to long-term fiscal health. Projections of the five-year forecast for Fiscal Years 2022-2026 start out with balanced budgets by means of revenues exceeding expenditures in years one and two.  Starting in year three, expenditures begin to outpace the conservatively estimated revenues.  The administration will continue to proactively contain expenditures, all the while maintaining valuable educational experiences for students.

 

Fiscal Years 2023 - 2027

Assumptions

Triway's financial reports for the fiscal year ending June 30, 2021, are available to view online or upon request.

FISCAL YEAR 2022 FINANCIAL REPORTS

Unaudited

(posted September 1, 2022

INCOME TAX INFORMATION

for Triway School District 

0.75% School District Income Tax for Operations (expired 12/31/2020)

1.00% School District Income Tax for Capital Projects (expires 12/31/2046)

EARNED income only (excludes investments & pensions)

School District Code:  8509 (for filing returns and withholding purposes)

FORM SD 100 (annual filing)

School Income Tax Information  

Determining Taxable Income

Ohio School Income Tax Guide

Ohio IT-4 Form - Submit to Employer

 

PUBLIC RECORDS

Records Custodian:  Sue Kruse, Treasurer

Records Retention Schedule as approved by the Auditor State of Ohio and Ohio History Connection

Data destruction is handled by Vital Records Control.

Sunshine Laws:  Open Meetings and Public Records 2019

Auditor of State FraudCenter

https://ohioauditor.gov/fraud/

Role of the Treasurer

School treasurers in public schools in Ohio are responsible for managing the financial affairs of the school district. They need to have a solid understanding of finance and accounting principles and be able to apply these principles to the unique financial challenges of a school district.

Specifically, school treasurers in Ohio need to be knowledgeable about:

  1. Ohio School Finance Laws: School treasurers in Ohio need to be familiar with Ohio's school finance laws, including the Ohio Revised Code, Ohio Administrative Code, and Ohio Department of Education rules and regulations. They should be aware of state and federal funding programs and how to comply with reporting requirements.

  2. Budgeting: School treasurers in Ohio are responsible for developing, implementing, and monitoring the school district's budget. They need to be able to work with administrators, school board members, and other stakeholders to develop a realistic budget that meets the needs of the district.

  3. Financial Management: School treasurers need to be able to manage the financial operations of the district, including financial reporting, cash management, and investment management. They need to be able to create and maintain accurate financial records, manage accounts payable and receivable, and ensure compliance with all applicable laws and regulations.

  4. Fundraising: School treasurers in Ohio need to be familiar with fundraising techniques and strategies that can help the district raise additional funds to support its programs and initiatives.

  5. Risk Management: School treasurers need to be aware of the risks associated with the district's financial operations and take steps to mitigate these risks. This includes implementing internal controls, monitoring financial transactions, and ensuring that the district has adequate insurance coverage.

  6. Technology: School treasurers must be familiar with financial software and other technology used in accounting and financial management. They must be able to use these tools to manage financial data and generate reports.

Overall, school treasurers in Ohio play a critical role in managing the financial affairs of the district and ensuring that resources are used effectively to support student learning and achievement.