Treasurer's Notes

Upper Arlington Schools provides our community with a key financial update twice a year through the five year forecast — a legally required document submitted to the state of Ohio each November and updated every May. This report serves as an important check-in on our current financial position and long-term outlook, reflecting our ongoing commitment to transparency and fiscal responsibility.

In May, the updated five year forecast was presented to the Board of Education at their regular meeting. The updated forecast reflects minimal changes since the November 2024 filing but does not incorporate any potential impact from the state biennium budget, which was still making its way through the state legislature. 

This spring, Ohio lawmakers are working through the state biennium budget process, which allocates funding for public schools for the next two years. We always follow this process closely, but this year the changes that are being considered have significant implications for public school districts like ours

Each spring, the district releases the Financial Update, providing a clear and concise overview of our financial position and the key factors shaping our budget in the years ahead. This annual report is an important tool in our ongoing efforts to maintain fiscal responsibility while continuing to provide an exceptional educational experience for our students

Being good stewards of taxpayer dollars is a core responsibility for our district, and wisely managing our resources is central to that commitment. Each year, we undergo a thorough, third-party financial review conducted by the State of Ohio Auditor’s Office. This independent evaluation ensures transparency and accountability in our financial practices. A team from the auditor's office carefully examines our records and processes, providing an important check on our fiscal management