Treasurer/CFO, Andrew Geistfeld
Mr. Geistfeld joined the Upper Arlington City Schools as Treasurer/Chief Finance Officer in November 2005. Prior to joining Upper Arlington, he was the Treasurer of the Olentangy Local School District in Delaware County. Mr. Geistfeld has served in public school districts since 2001 in various capacities. Before working for public schools he worked in the private sector as a Senior Manager with the accounting firm, KPMG.
Throughout his time in education, Mr. Geistfeld has been committed to being a good steward of public funds. He is Past-President of the Ohio Association of School Business Officials and a member in the Government Finance Officers Association.
Mr. Geistfeld is a graduate of the Upper Arlington City Schools. He received a Master of Business Administration from Mount Vernon Nazarene University and a Bachelor of Science in Business Administration from The Ohio State University. He also is a certified public accountant.
'Significant progress' made toward efficiency
One year into the Upper Arlington Efficiency Project, district treasurer Andrew Geistfeld has good news to share.
“We have put in place about $3.6 million worth of efficiency measures at this point. That puts us more than three-quarters of the way toward our commitment of improving the district’s bottom line by $4.5 million by the summer of 2017,” said Geistfeld.
The Upper Arlington Board of Education launched the Efficiency Project in August 2013 in order to create a more focused and sustainable school district. The core commitment of the project was to find operational efficiencies that would save $4.5 million during a four-year period without having a negative impact on the student educational experience. Along with increasing the long-term stability of the district, the Efficiency Project was one of the many factors that enabled the Board of Education to lower the millage rate of the 2013 levy request and to stretch those funds for an additional year.
Geistfeld says the project’s success is due to a combination of hard work, creativity and collaboration.
“One of the biggest efficiencies has been moving to a self-insured model for medical coverage. It’s been a time-consuming transition, but it’s going to have a positive impact of about $1.7 million by 2017.”
Other savings measures include increasing employees’ share of insurance premiums, renegotiating copier contracts, reducing postage costs, changing library software and renegotiating the contract for athletic training services.
Geistfeld says collaboration with local business experts has been invaluable and will lead to additional efficiency measures. Wade Steen, former Franklin County treasurer and Upper Arlington city councilman, chairs the volunteer committee.
“We have been able to dig into the details of the district’s financials, vendor contracts and energy use. Throughout it all, I have been impressed with the candid and open nature of our discussions,” said Steen. “It is clear this efficiency effort is one that is taken extremely seriously within our school system.”
To learn more about the Upper Arlington Efficiency Project, visitwww.uaschools.org/efficiency.
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