Kyle Smith assumed the duties of Treasurer in January 2017, after serving for three years as Assistant Treasurer in Upper Arlington City Schools. Mr. Smith was formerly Treasurer and Assistant Treasurer of the Portsmouth City School District in Scioto County. A resident of Columbus, Ohio, he holds a bachelor’s degree in Business Administration with a major in finance from Ohio University. He has continued his education, with additional course work in school law, school finance, ethics and economics. He is active in several professional organizations, including the Ohio Association of School Business Officials where he serves as Vice President of the Central Chapter. He also works on legislative initiatives to support and advocate for public school funding.
Kyle Smith, Treasurer
Bexley City School District
348 South Cassingham Road
Bexley, Ohio 43209
The most recent Five-Year Forecast of Bexley Schools (dated May 2017) shows that the district is in excellent financial shape with 2019 the earliest date recommended for consideration of an operating levy. The May 2017 forecast also indicates that the district has higher income tax revenues than previously shown following a record year of collections. State funding and income tax collections continue to be the biggest unknown in regards to revenues.
In fall 2016, Bexley voters approved establishing a Permanent Improvement (PI) Fund levy that will add no new taxes. PI Fund revenue is restricted to paying for capital improvement projects, major equipment, and building facilities, but not salaries, benefits, materials, supplies, or purchased services. Advantages of a PI fund include allowing the district to plan better and help it maintain the district’s historic old buildings.
Financial Management Recognized
The school district received Ohio’s Auditor of State Award in 2016 for “clean and accurate record keeping.” It continues to maintain the highest possible rating from Moody’s Investor Service.
Bexley enjoys stable real estate tax revenues, with home values continuing to rise. The district spends 72 percent on instruction, higher than many comparable districts; conservative fiscal management means that its current levy, passed in 2010, is lasting longer than the three years projected.