Finances and Funding
A message from Ben Vanhorn, Treasurer/CFO
The Treasurer/CFO is the chief financial officer of Great Oaks Career Campuses, responsible for maintaining records of all financial matters, which includes issuing warrants in payment of liabilities incurred by Great Oaks, acting as custodian of all Great Oaks funds, and investing idle funds as specified by Ohio law.
My role--and the purpose of these web pages--is to provide financial information to the Great Oaks community.
The Business Office team is dedicated to supporting the Great Oaks purpose, goals and values by focusing our efforts to benefit the students' experience and success. The team supports the Great Oaks Strategic plan by providing timely, clear and accurate reporting of Great Oaks financial resources.
Find information about cost per pupil (page 109) and other financial data in the Comprehensive Annual Financial Report below.
Useful links:
2020 Effectiveness Report
The Comprehensive Annual Financial Report
The Five-Year Forecast
Five Year Forecast--Footnotes
Public records requests
The Ohio Auditor of State
Ohio Department of Education
UC Study: Economic Benefits of Great Oaks Career Campuses
Did you know?
The ONLY local funding provided to Great Oaks is a 2.7-mill operating levy. This rate has not changed since 1988.
The actual millage that local homeowners and businesses pay has dropped over the years; it is currently 2.029 mills. That's about $60 per year per $100,000 in assessed value, or about $5 per month.
A recent study by the UC Economics Center shows that Great Oaks provides about $3 in value for every $1 in local funding. Read the report here.
Annual Financial Report
Each year, Great Oaks publishes a financial report for our community to better understand where funding comes from and how it is spent. This Comprehensive Annual Financial Report has been honored for excellence by the Association of School Business Officials.
Comprehensive Annual Financial Report for the fiscal year ended June 30, 2020
How does Great Oaks benefit the community?
In fall 2017, the UC Economics Center completed a study of Great Oaks' economic impact on the community, and the return on investment for adults taking full-time training programs.
The study found that Great Oaks benefits the region by $115,000,000 each year. Adults who complete a full-time (typically 11-month) program can increase their earning power enough to repay the cost of tuition and lost wages (due to time in class) almost three times within the first five years.
Find out more! Read "The Economic Benefits of Great Oaks Career Campuses."