Fast Financial Facts

Fast Financial Facts

  • Annual Spending: Lakota's annual spending in 2014 was $145.8 million. That's $19.8 million less than the school district spent in 2010. Lakota operates on a balanced budget.

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  • Revenue Sources: Lakota currently receives 39% of its revenue from the State and 61% from local sources. State funding for Lakota has dropped 7% in the last five years. 
  • Revenue per Pupil: Lakota receives $1,469 less per pupil than the state average. (Source: Ohio Department of Education, FY 2014)

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  • Spending Allocation: Lakota spending is allocated as follows: 
    - Instruction (59%) - Activities involving teacher and student interaction, including co-curricular activities. Includes teachers, aides or assistants engaged in instruction.

    - Building Operations (21%) - Includes building services (utilities and insurance), care and upkeep of grounds and equipment, transportation, security, fiscal services and food services.

    - Administration (12%) – Includes executive and building administration services. 

    - Pupil Support (6%) – Includes attendance, social work, student accounting, counseling, student appraisal, information, record maintenance, and placement services.  Also includes medical, dental, nursing, psychological and speech services.

    - Staff Support (2%) – Includes instruction improvement, curriculum development, instructional staff training, academic assessment, and media, library and instruction-related technology services.

  • Spending per Pupil: Lakota spends $626 less per pupil than the state average and $1,063 less than the average of similar districts. (Source: Ohio Department of Education, FY 2014)

 Expenditure 2014  

  • Bond Rating: Lakota’s bond rating is Aa1 by Moody’s Investor Services, Inc.
  • Reporting Award: Lakota has received the Certificate of Excellence in Financial Reporting from the Association of School Business Officials International (ASBO) and the Government Finance Officers Association (GFOA) every year since 2000.
  • Board Policy: Lakota's board policy 6231 limits the annual growth of expenditures and sets a financial philosophy to maintain a general fund cash balance equivalent to at least two months of operating expenditures (board policy 6210).
  • Lakota has 293 students for each administrator, compared to the state average of 164.