Terrah Floyd is the Interim Treasurer & CFO of the Loveland City School District

By Terrah Floyd,

Loveland’s recent update to the district’s financial projections show that the district remains committed to keeping the promises made from the last levy – to make the last levy last through 2018 through conservative fiscal management while maintaining excellent educational opportunities for the students we serve. The district’s forecast, called the five-year financial forecast, was approved by the Board at the April 17 Business Meeting. The five-year financial forecast is a tool that aligns our income and expenses to our district’s current and future goals with respect to academics, operations and facilities. There are some updates to note.

The district is investing in additional school building safety and security updates. These are needed in order to keep pace with the current safety and security needs and to reflect the changing times.

First, the forecast shows that the district is investing in additional school building safety and security updates. These are needed in order to keep pace with the current safety and security needs and to reflect the changing times. They include placing fire-code approved locks on interior doors of our buildings, and plan for increased school resource officer presence.

Plans include placing fire-code approved locks on interior doors of our buildings, and plan for increased school resource officer presence.

The district is engaging in a Master Planning process with the community. This is an investment, and it is critical to the long-term planning and operations of the district. Aging buildings bring significant costs, and in order to help minimize these for the future we are working now to make sure that we are deliberate about our next steps.

In fact, we will be able to stretch it a bit longer, and anticipate that an operating levy will be needed in 2019.

Loveland continues to stretch every dollar and to wisely plan for the future. Our Board of Education kept the promise of making the last levy last through 2018. In fact, we will be able to stretch it a bit longer, and anticipate that an operating levy will be needed in 2019. Operating levies fund the day-to-day operations of our schools like staff, programs, textbooks and supplies.

To provide you with relevant history, the Loveland City School District passed a 5.6 mill operating levy in May of 2014; passage of the levy provided the district the opportunity to invest in and enrich the excellent education we provide by enhancing the classroom experience for the 4,800 students we serve. None of these investments could have happened without your support, and – as always – we offer a sincere thank you to those who believed in our mission and continue to support our district.



LEAVE A REPLY

Please enter your comment!
Please enter your name here