Financial Information

The Newark Schools has a budget of $64.5 million.

The district's money comes from the following resources:

  • Local - 40.1 percent
  • State and Federal - 57.1 percent
  • Miscellaneous - 1.3 percent
  • Tuition - 1.1 percent
  • Investment Income - .4 percent

The district's expenses include the following:

  • Instruction - 66.3 percent
  • Plant Operation - 9 percent
  • Transportation - 4.8 percent
  • Administration/Fiscal - 7.7 percent
  • Pupil Support - 5.9 Percent
  • Instructional Support - 3.1 percent
  • Miscellaneous: 3.2 percent

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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