Westfall Local Schools
Attn: Joseph Patete
19463 Pherson Pike
Williamsport, Ohio 43164
(740) 986-3671
joseph.patete@westfallschools.com

Five-Year-Forecast

Annual Federal Funds Notice

Forms and Training Materials 

A public school Treasurer serves as the Chief Financial Officer for a school district. The Treasurer is responsible for receiving, investing, accounting for, and disbursing all public funds received by the school district, as required by law and in accordance with board policies. The Treasurer of an Ohio school district must hold appropriate certification to serve as the chief financial officer and report directly to the Board of Education. While not an elected member of the Board of Education, the treasurer/CFO serves as the Secretary to the Board, maintaining official records, documents, contracts, and meeting minutes.

The Treasurer is responsible for the compilation and submission of the Five-Year Forecast. The Five-Year Forecast serves as a tool to assess the financial health of a school district and is required to be submitted twice annually to the Ohio Department of Education (see Ohio Revised Code 5705.391 and Ohio Administrative Code 3301-92-04).

The Treasurer is responsible for the preparation of the annual budget. By law, the Board of Education must adopt a budget by September 30 each year. The Treasurer compiles monthly financial statements to provide a budget for actual analysis. This information guides operational decisions and provides updates to the five-year forecast.

The Treasurer is responsible for the preparation of an annual financial report. An audited Comprehensive Annual Financial Report issuance is required by January 1. This report includes financial statements, budget statements, and statistical information about the District and the services and programs it provides. A Popular Annual Financial Report provides an unaudited Comprehensive Annual Financial Report summary. 

The Treasurer is also responsible for overseeing daily operations of the Treasurer’s department, which includes processing receipts, payroll and benefits administration, vendor registration, accounts payable, fixed assets, and non-sufficient funds processing.