New Richmond
Exempted Village School District
"Lions Today, Leaders Tomorrow."
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2018 Financial Update
 
The Beckjord Power Station and the Zimmer Power Station have been financial assets to the New Richmond Schools for over 50 years. They have been the largest taxpayers in the district.  However, in just the last two years the taxable value of the properties has dropped by close to 50%.  This has caused serious concerns about the revenues available to operate our school district.

The Beckjord Power Station was closed in 2014, the Zimmer Power Station was sold in two sales occurring in 2015 and 2017 and has lost almost half the value it once had. Combined with the PUTPP (Public Utility Tangible Personal Property) reductions from the State of Ohio, our district is losing almost $4 million in revenue per year.

In our district, utility company taxes have paid for new buildings, facilities, buses, books, computers and operating costs for the last 50 years while other districts have had to seek additional taxes from residents to afford the same level of services. Now, the biggest taxpayer in the district is paying almost half of what it used to pay.

Careful financial planning in past years has allowed us to accumulate a rainy day fund.  The cash balance was built up intentionally in response to reports that Beckjord would close and the PUTPP reimbursement would be going away. This rainy day fund provides the District some time to review our options and monitor our revenue without taking immediate and drastic actions.  At the same time,
we are concerned about this revenue shortfall in our financial forecast and must be prepared to addressthe problem with a series of reductions in expenses and exploration of new revenue if the current trend continues.

This spring, the Board of Education and the Administrative Team will be planning for the future. Everything is on the table as we examine the challenge this revenue problem is creating.   We will create a Facility Master Plan, study building and grade configurations and consider adjustments in staff levels, class sizes and programs. We may also need to look at a timeline for a tax levy request to address the revenue issue in the long term.

Throughout this process it very important that our financial status and revenue shortfall be communicated openly with the community as we work together to ensure that we continue to provide the best possible education to our students.
 
Please contact Michael Mowery at mowery_m@nrschools.org if you have any queestions.

Online Auction Information
New Richmond EVSD utilizes GovDeals for auctioning equipment no longer in use within our district. 
 
 
GovDeals Bidding is a two-step process.


Here are the steps:

1)      Log in

2)      Find the item you wish to bid on

3)      Click the description of the item to open the asset page

4)      Place your bid. The bid box is on the right hand side of the page.

5)      Click on “Place Bid”

6)      On the bid confirmation page, read the sellers terms and confirm the bid amount.

a.       click on “I agree” or “I disagree” to complete the bidding process

Treasurer's Office News
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IMPORTANT FINANCIAL UPDATE FOR NREVSD
The school district recently learned that the sale of the Zimmer power plant by Duke Energy to Dynegy Inc. will have a significant financial impact. 
NREVSD finances face uncertain future image NREVSD finances face uncertain future

The New Richmond Exempted Village School District continues to see strong results in its cash balance which increased by $800,000 to $22,721,308 in fiscal year 2015, but faces an uncertain future according to the district’s 5-year forecast submitted to the state. “As we move forward, there are some known concerns as well as a great deal of uncertainty regarding other matters,” NREVSD interim treasurer Mike Mowery said in the summary of his 5-year district financial forecast approved by the Board of Education at its October meeting.

 
NREVSD hires Mike Mowery as treasurer image NREVSD hires Mike Mowery as treasurer

The New Richmond Exempted Village School District has hired former New Richmond treasurer and retired Kings Local School District treasurer Mike Mowery as interim district treasurer to replace treasurer Teresa Napier who went on medical leave on Oct. 21. Mowery, who lives in the New Richmond school district, retired July 31 after 25 years with Kings and served as New Richmond treasurer from 1986-89. He has 34 years experience as an auditor and school treasurer.

 
Informational Documents from the Treasurer
Staff
Mike Mowery, Treasurer
ext. 12274
 

Assistants to the Treasurer:
 
Kim Case - ext. 12106
(Accounts Payable & Purchasing)
 
Tonya Chase - ext. 12108
(Payroll & Receipts)
 
Sondra Marshall - ext. 12105
(Benefits & Budgets)
Email - Marshall_s@nrschools.org
District Finances
Public Records Policy
 
Access to information concerning the conduct of the people’s business is a right of every person in this state.

Records of the New Richmond Exempted Village School District which are not exempt from disclosure under the law are available for inspection and copying in accordance with the Ohio Public Records Act.

Requests for records may be made during regular business hours to:

New Richmond EVSD
Mike Mowery, Treasurer
212 Market Street, Second Floor
New Richmond OH, 45157
513-553-2616
Mowery_m@nrschools.org
Staff Forms - Benefits
Staff Forms - Payroll
Staff Forms - Accounting
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New Richmond Exempted Village School District
212 Market Street, New RIchmond OH 45157
(513) 553-2616
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