The Tomorrow Center Board of directors was presented with the five-year forecast from Treasurer Stephen Earnest at the September board meeting. It is the first time in recent years that the Tomorrow Center is looking at ‘red ink’ in the school’s future.
Earnest informed the board that the financial situation is something the board will need to act on at the October board meeting.
The forecast shows that by the end of fiscal year 2016, the center will have a $383,478 deficit and, by the end of fiscal year 2020, would be nearly 1.5 million in the ‘red.’
“We won’t keep the doors open too long without some adjustments, grants, increased enrollment etc.,” explained Earnest. “There are a number of things that we can do and a number of ways to balance that five-year forecast… it is not insurmountable. There are some ways we can balance this, but it will take some decisions on behalf of the board.”
“This is not something we are used to seeing (a deficit),” stated board president Sharla O’Keefe, “however with the transition, I can see how this happened.”
In other business: the Tomorrow Center Board of directors welcomed Misty Coleman as a new member. She replaces Mark Travis who resigned in a letter dated September 14, 2015. Travis is the Executive Director of Central Ohio Mental Health Center (COMHC).
As part of the Tomorrow Center charter, there must be a representative of COMHC on the board of directors.
Coleman is the COMHC Site director at Meadow Center. She previously worked at Mid-Ohio Psychological services prior to joining COMHC earlier this year.
In his letter of resignation Travis recommend Coleman stating, “Her knowledge, experience, and growing contacts in the Morrow County area will all become assets for this (The Tomorrow Center) Board.
The next regular board meeting will be held on October 12, 2015 at 4:00 pm held in the Cardington Lincoln Intermediate building located at 3700 County Road 168.
Reach Donna Carver at 419-946-3010, ext. 1804 or on Twitter @MorrCoSentinel.
