Board Finance Committee to release “By-the-Numbers” Financial Breakdowns

The Keystone Oaks Board of School Directors, through the leadership of the Finance Committee, has released the first of several “By-the-Numbers” financial reports, which will highlight some of the district’s largest expenditures and provide the public with a more in-depth understanding of those expenses.

The first “By-the-Numbers” focuses on the district’s rapidly increasing pension contributions and provides a link to frequently asked questions about the Public School Employees Retirement System and is now available on the district’s website.

The format of each “By-the-Numbers” will include a one-page explanation and corresponding graphs as well as a more in-depth explanation on the district’s website. Future “By-the-Numbers” breakdowns will focus on debt, educational programs and a host of other topics.

“It has been a goal of the Board of School Directors to make it easier for our citizens to understand the school district’s budget and finances,” said Board President Matt Cesario. “We hope that these reports will help clarify some of the areas that people are looking at when they look at the budget report that is posted online.”