Beachwood Schools 2014 Annual Report View the complete Annual Report at www.beachwoodschools.org. Moody’s Investor Service confirmed the district’s Aaa credit rating. Beachwood Schools is one of only four school districts in the State of Ohio to be awarded this rating. EXPENSES Governmental Activities totaled $39,265,760, a slight decrease of 0.4 percent from Fiscal Year 2013 (from government-wide statements), primarily due to flat salaries in FY14. The primary expenses include classroom instruction, instructional support, transportation, and extracurricular activities. Each of these expense categories includes salaries, benefits, purchased services, supplies, and capital outlay. For example, costs for administration include administrative staff support, office supplies, and equipment, in addition to the cost of administrators. The following chart shows what percentages of the program expenses are spent on each of the various groups necessary to educate students. 37.4% Support Services 4.2% Debt Service 4.7% Operation of Non-Instructional Services 2.3% Extracurricular Activities 51.4% Instruction LONG-TERM PROJECTIONS Funding for public education continues to be challenging as the school choice proponents try to expand voucher programs for all Ohio students irrespective of the quality of their local public schools. Beachwood Schools already receives very little in state funding for education – less than $665 per pupil. State vouchers redirect $5,800 or more per pupil from the District to charter schools. Ohio school choice program is already recognized nationally for its lack of oversight of academic expectations and fiscal operating standards. The State has put public schools on notice that we must change our methods of doing business to achieve greater operational efficiencies, including tracking teacher and student performance and rewarding staff members accordingly. Beachwood Schools will continue to be innovators and will plan for the future with the focus on students remaining the crux of every decision. 36 Beachwood Buzz n January 2015 of Education Beachwood Board 24601 Fairmount Boulevard Beachwood, Ohio 44122