Office of the Treasurer

  • Fiscal Accountability ...

    The Solon City Schools are fiscally responsible to the community while providing superior educational and extra-curricular programming for students.

    Ohio Auditor Dave Yost awarded Solon Treasurer Tim Pickana and the Solon Schools with the Auditor of State Award for excellent financial record-keeping as well as a clean audit report.

    Through the Coalition for Fiscal Fairness in Ohio, Solon administrators provided leadership statewide in the fight to retain Tangible Personal Property tax reimbursement. The Solon Schools stand to lose $8.3 million in annual funding if current state law stands. The district will continue this intense lobbying effort with Ohio lawmakers to help enact a solution for lost TPP funding.

    The district continues to engage the Solon and Glenwillow communities in a multi-faceted grassroots advocacy campaign to educate state lawmakers on how loss of TPP reimbursement impacts the Solon Schools via letter-writing, emailing and phone calls.

    The district reopened the strategic planning process to address stabilizing enrollment. With a consolidation and redistricting plan for the district’s elementary school buildings fully in place in fall 2016, Solon now has three K-4 schools: Lewis, Parkside and Roxbury. The district preschool is housed at Arthur Road. The redistricting and consolidation enable the district to use resources more efficiently while at the same time creating enrollment balance among the K-4 buildings.

    Fitch Ratings of the Solon Schools – AA+ Key ratings drivers for the district according to Fitch are stable and diverse economy, strong record of voter support, financial flexibility, strong consistent management team, low debt levels and excellent reputation.

    Moody’s Investor Service rating of Solon Schools – Aa1. The Moody’s rating was based on the educational quality provided, stabilization in enrollment figures and ongoing community support for the Solon Schools.

    The district is the fourth largest employer in the City of Solon.

    The district continued implementing planned security enhancements to the schools with funds from the combined .8 mill permanent improvement and operating levy passed in November 2013 that replaced expiring debt.

     

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