Skip to main content
X

Treasurer - Finance

Treasurer Newsletter

Click a date link below to view the Treasurer's Newsletter

Employee 403B and 457 Plan Participation

Embedded Image for: Employee 403B and 457 Plan Participation (2019411101711350_image.jpg)

IRS INCREASES 403(B) LIMITS TO HELP YOU PREPARE FOR RETIREMENT OR COLLEGE

 

The IRS has increased the amount an employee is allowed to shelter under a 403(b) or 457 plan to $19,000 in 2019. Also, higher limits may apply if you meet certain catch-up requirements.


Also, all employees can contribute to a 403(b) or 457 retirement account pre-tax. If you have not yet done so and are interested, please contact the Treasurer’s Office for guidance.


Five Year Forecast

WHAT DO THE NEXT FIVE YEARS LOOK LIKE?
 
The five-year forecast serves as a tool to assess the financial health of a school district. City, local, exempted village and joint vocational school districts are required to submit five-year forecasts twice annually to the Ohio Department of Education (see Ohio Revised Code 5705.391 and Ohio Administrative Code 3301-92-04).
 
Click the link below to view the full Forecast for fiscal year 2020. 

Moody's Annual Issuer Comment Report

Moody's Logo
Moody's Investors Services, a leading global provider of credit ratings, published its annual evaluation of the credit rating for Vermilion Local School District. The 2020 report rates Vermilion Local School District as Aa2, a rating slightly above the median rating of Aa3 for school districts nationwide.  The notable credit factors include a robust financial position, a healthy wealth and income profile and a sound tax base. It also reflects a mid-ranged debt burden and a significant pension liability.
 

Contact Information

1250 Sanford Street, Suite A
Vermilion, OH 44089
 
Treasurer: Justin Klingshirn
Phone: 440-204-1700, ext. 198
 
Accounts Payable: Kelly Gross
Phone: 440-204-1717
 
Payroll: Loretta Farnham
Phone: 440-204-1718