Treasurer - Finance

Treasurer - Finance

Treasurer Newsletter

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

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Employee 403B and 457 Plan Participation

Employee 403B and 457 Plan Participation

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

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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

Auditor of State Links

Important Documents

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