Grandview Heights Schools

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Welcome

Beth Collier, CPA, Treasurer/CFO

Beth Collier joined Grandview Heights Schools as Treasurer on July 1, 2014, with 17 years of governmental accounting and financial reporting experience.  Prior to joining Grandview, she served as Treasurer of Pleasant Local Schools in Marion County since 2007.  Prior to becoming a school district Treasurer, she spent about 10 years with the State Auditor’s Office, serving most recently in the position of Senior Audit Manager. Ms. Collier is a graduate of Heidelberg University with a Bachelor of Science Degree in Accounting and is also a Certified Public Accountant. 

Role of the Treasurer

The Treasurer is the Chief Financial Officer of the school district and reports directly to the Board of Education.  The Treasurer is responsible for all aspects of accounting and financial reporting, including financial forecasting, payroll and benefits, accounts payable and receivable, investing district funds, and record keeping of district assets. 

Contacting the Treasurer's Office 

Beth Collier, CPA, Treasurer/CFO

beth.collier@ghschools.org / 614-485-4021

 

News and Announcements

  • Where does our money come from?
  • What are our spending priorities?
  • How does the Grandview Yard impact taxpayers and district finances?
  • Do our schools provide a good return on investment?
  • What about facilities?
  • How has COVID-19 impacted our district finances and operations?
  • What do others say about our financial management?
  • How does the triennial property value update affect my taxers?
 
The prospectus was mailed to every Grandview Heights Schools' residence. For more information or to ask questions, email Treasurer/CFO Beth Collier, CPA, at beth.collier@ghschools.org or contact her at 614-485-4021.
 

 

Grandview Heights Schools Recognized for Clean Financial Audit (Posted May 19, 2020)

Once again, Grandview Heights Schools earned the Auditor of State Award for its 2018-19 financial audit.  This is the fifth year in a row that the district received this prestigious honor.

“Grandview Heights Schools has a proven and consistent record of reporting our financial information in a timely and accurate manner,” said Grandview Heights Schools Treasurer Beth Collier. “We are honored to receive this recognition from the state for our financial practices.”

The Auditor of State recognizes local governments and school districts with the Auditor of State Award upon completion of a financial audit. Those entities meet the following criteria of a “clean” audit report: 

  • The entity must file timely financial reports with the Auditor of State’s office in accordance with Generally Accepted Financial Principles (GAAP);
  • The audit report does not contain any findings for recovery, material citations, material weaknesses, significant deficiencies, Single Audit findings, or questioned costs; 
  • The entity’s management letter contains no comments related to ethics referrals; questioned costs less than $10,000; lack of timely report submission; reconciliation; failure to obtain a timely Single Audit; findings for recovery less than $100; public meetings or public records; 

“Beth and her staff do a great job and are to be commended for their great work. Not all school districts receive this award,”  added Superintendent Andy Culp. “Taxpayers can feel confident in knowing that the district’s finances are being managed in the most responsible manner and to the highest state standards.”

 

Grandview Heights Schools Financial Forecast Remains Stable Amid State Funding Reductions (Posted May 13, 2020)

Amidst the recent news of Fiscal Year 2020 (FY20) state funding reductions, Grandview Heights Schools CFO Beth Collier presented the latest five-year financial forecast to the Board of Education at the May 13th Board meeting.
 
"Overall, our forecast remains stable," Collier said. "We have a positive cash balance at the end of five years, but it is important for us to plan and stretch our dollars as much as possible. We have always worked to practice responsible fiscal management."
 
Last week, Governor Mike DeWine announced a $300 million reduction in state funding to K-12 schools for the last two months of this fiscal year, which ends in June. For Grandview Heights Schools, these reductions amount to $320,495, or 21.6% of its annual state funding, but the district will make up for some of that with $54,934 in federal funding through the CARES Act.
 
The district has set into motion a plan of action that will take place immediately including:
  • Cancellation of non-critical purchasing;
  • Layoff of Kids Club hourly employees, due to cancellation of the summer Kids Club program, effective May 15th;
  • Reduction of spring supplemental contracts by 50%; and
  • Keeping staffing levels flat for 2020-2021.
The Board will also discuss a 5-10% building/department supply budget reduction for 2020-2021 and will evaluate staffing for the 2021-2022 school year to determine whether reductions may be needed.
 
"We always caution our community that funding is an ever-changing proposition," said Superintendent Andy Culp. "This is why it is important to be be good fiscal stewards of the funds made available to us. The COVID-19 pandemic has affected everyone, and we are no different."
 
Collier also addressed questions the district is getting from the community about the construction of the new 4-8 building and the renovation of Grandview Heights High School.
 
"The facility project budget has not been impacted by the state funding cuts," said Collier. "That project is funded by the bond proceeds issued last year and will continue as planned."
 
Culp added that residents can expect to hear more frequent updates about finances as the district expects more state funding reductions in the future.
 
"Communicating the financial health of our schools in a transparent manner with taxpayers has always been a priority," he added. "We pledge to continue that conversation with you."
 
 
  • Where does our funding come from?
  • What are our spending priorities?
  • How does the recent Grandview Yard agreement impact taxpayer and district finances?
  • How does state funding impact our budget?
  • What about our facilities?
  • What do others say about our financial management?
  • Are we getting a good return on our investment?
  • How are we maximizing dollars? 
  • How do PTO and Booster organizations contribute to district success?
The prospectus also includes information on the district's long-term credit rating and our recent upgrade by S&P Global Ratings.

The prospectus was mailed to every Grandview Heights Schools' residence. For more information or to ask questions, email Treasurer/CFO Beth Collier at beth.collier@ghschools.org or contact her at 614-485-4021.
 
 
Grandview Heights Schools has issued a Financial Prospectus 2017 that details the district's financial picture.  Using a variety of text and graphics, the prospectus is an easy to read, easy to follow publication that answers the following questions:
 
  • Where does the money come from?
  • What are our spending priorities?
  • How does the recent countywide reappraisal impact taxpayers and district revenue?
  • Are we getting a good return on our investment?
  • What do others say about our financial management?
  • How does Grandview Yard impact revenues?
  • How does state funding impact our budget?
  • What about facilities costs?
  • How are we maximizing dollars?
 
The prospectus was mailed to every Grandview Heights Schools' residence and is available for download at the bottom of this page.  For more information or to ask questions, email Treasurer/CFO Beth Collier, CPA, at beth.collier@ghcsd.org or contact her at 614-485-4021.
 

Grandview Heights Schools Receives Preliminary 2017 Franklin County Property Reappraisal Results - August 25, 2017

Grandview Heights Schools has just received preliminary results from the 2017 Franklin County reappraisal, a process that occurs every six years throughout the Ohio, based on state law.  Although the information is tentative, and has not been finalized, the Grandview Heights community is expected to realize an increase in property values of approximately 29.9% on residential property.  

 

One of the most important points for residents to keep in mind is that a 29.9% increase in property value DOES NOT equate to a 29.9% increase in property taxes!  In fact, the average tax bill increase will be 4.15%.  This is a result of a state law, more commonly known as House Bill 920, which limits inflationary growth on taxes. HB 920 protects homeowners from getting hit with large tax increases. 

 

School districts do not receive additional revenue when values increase, with one exception - inside millage, which is 9.12 mills in Grandview Heights. That is the only portion of the tax rate permitted to increase or decrease with valuation.  

 

The reappraisal will impact each property in our community differently.  If your property value increases less than 29.9%, you can expect a smaller increase in your taxes, or possibly even a decrease in your taxes.  Conversely, if your property value increases by more than the 29.9% average, you can expect an increase in taxes greater than the average 4.15%.  

 

The County Auditor will be sending letters to each property owner in our community later this summer explaining the specific impact of the

reappraisal on their respective property. 

 

Grandview Heights continues to thrive economically and is a wonderful community to live in.  As school leaders, we are proud of the success of our schools, one of the factors reflective in rising property values, and know this is realized only with strong community support.

 

Treasurer Beth Collier, CPA, made the attached presentation to the Board of Education on Tuesday, August 15, 2017.  It includes additional information on how the property reappraisal impacts the Grandview Heights community. 

 

Grandview Heights Schools Receives Auditor of State Award - December 2016

Grandview Heights Schools earned the Auditor of State Award for its 2015-16 audit. State Auditor David Yost congratulated the district, stating that, “Clean and accurate record keeping is the foundation for good government, and the taxpayers can take pride in your commitment to accountability.”

 

Yost’s office recognizes local governments and school districts with the Auditor of State Award upon completion of a financial audit. Those entities meet the following criteria of a “clean” audit report:

 

The entity must file timely financial reports with the Auditor of State’s office in accordance with Generally Accepted Financial Principles (GAAP); the audit report does not contain any findings for recovery, material citations, material weaknesses, significant deficiencies, Single Audit findings or questioned costs; the entity’s management letter contains no comments related to:

o   Ethics referrals

o   Questioned costs less than $10,000.00

o   Lack of timely report submission

o   Reconciliation

o   Failure to obtain a timely Single Audit

o   Findings for recovery less than $100.00

o   Public meetings or public records

 

“It’s quite an honor to have a clean audit for the second year in a row,” said Grandview Heights Schools Treasurer Beth Collier. We will continue to remain accountable to the Grandview Heights community each day.”

 

Superintendent Andy Culp said Collier and her staff should be commended for the work they do. “They do a great job and are very detailed. Taxpayers can be confident in knowing that our school district is doing all it can to ensure clean and accurate books.”