school finance 101

did you know?!

Managing school finances is vastly different from managing personal finances At home, you can use any part of your revenue to cover any one of your expenses But schools use something called a "fund accounting" system, where the money in our one account is split up into separate lockers. Money in each locker can only be spent for specific purposes and must be accounted for per state and federal Department of Education guidelines. Schools can not borrow funds from one locker and put them in another to cover incurred expenses.

Important Dates

Feb. 20: No School, Presidents' Day

Feb. 21: Remote Learning Day (K-12)

Mar 16: Parent/Teacher Conferences

Mar. 17: No School / Staff PD

Mar. 24: End Q3

Apr. 6-11: No School, Easter Break

May 1: Remote Learning Day (K-12)

May 2: No School, Election Day

May 15: BMS Begins Remote Learning

May 17: Last Day for Seniors

May 21: Graduation

May 29: No School, Memorial Day

June 2: Last Day of School

Treasurer

Thank you for welcoming me to Brookfield. This has been a fantastic year so far and I look forward to ending my first school year as a Warrior on a high note!

~ Jordan Weber

Total: $10,223,547

PropertyTax: $4,159,701 (407%)

Statefunding: $5,974,253 (584%)

Figuresfrom2021-2022schoolyear

Expenditures

Total: $10,937,247

School Funding

Other $236,971 (2.2%)

Ohio's public schools are funded (with few exceptions) with state and county funding. The state funding from the Ohio Department of Education (ODE) is calculated primarily on enrollment numbers and the economic conditions of the families that live in the district. The county funding comes from taxes collected on property within the district. So the more students we have, the more funding we receive from the state; and the higher our property values are, the more funding we receive from the Trumbull County Auditor’s office. Currently, just about 41% of our revenues come from property tax collections, with 59% coming from the state and other sources