Financial Information

The Newark City School District has a general fund budget of $76.5 million
 
The district's money comes from the following resources:

 Source

Revenue 

Percent 

Real Estate Taxes 

$18,83,342 

25% 

Personal Property Taxes 

$1,271,030 

2% 

Income Taxes 

$9,228,735 

12% 

State 

$42,638,542 

55% 

Local 

$2,721,175 

4% 

Others 

$1,774,840 

2% 

 Total

$76,527,664 

 

 
The district's revenues go toward the following:
 
 

Budget 

Percent 

Salaries 

$36,801,531 

 52%

Benefits 

$14,126,230 

 20%

Purchased Services

$15,898,608 

 23%

Materials & Supplies 

$2,095,954 

 3%

Others 

$544,293 

 1%

Other Finances 

$1,065,769 

 2%

Total 

$70,532,385 

 

Financial Information

Responsibilities of the Treasurer

  • Serves as the custodian for all district funds
  • Records all receipts and pays all district financial obligations
  • Pay salaries and maintains tax records for over 800 district employees
  • Certifies all financial records requested by the Ohio Department of Education
  • Collaborates with the Superintendent to prepare the district budget.
  • Invests all district funds to maximize returns and maintain high bond rating
  • Continues to receive an unqualified opinion from the State Auditors Office

Contacts

Julio Valladares
Treasurer
(740) 670-7010
 
Trent Montgomery
Assistant Treasurer
(740) 670-7011
tmontgomery@laca.org

Tammy Berry
Secretary/EMIS
(740) 670-7010
tlberry@laca.org

Documents

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