OBERLIN — Firelands Schools is looking for new treasurer after board members accepted the resignation Friday morning of Brad McCracken.
McCracken accepted the treasurer position with Eastwood Schools, a similar-sized district between Bowling Green and Toledo in Wood County. The resignation is effective Dec. 31.
“It’s my home district,” McCracken said. “It is where I live and when the current treasurer announced he was retiring, a conversation was started about me making the jump. Now, I will have a 2.8 mile drive to work versus more than 70 miles.”
McCracken said his three children all graduated from Eastwood Schools.
The board will work with the Educational Service Center of Lorain County to hire a new treasurer with the position being posted today. “My hope is the board will make their selection and have someone to start in the position sometime in November so there is some overlap,” McCracken said. “I know I will have to do some overlap with my new position, but it will work out well for the district if that can happen.’’
McCracken will replace Eastwood Treasurer David Michel, who is retiring Jan. 1 after 24 years of service.
McCracken said the next treasurer will get a good district that is fiscally very strong.
“Financially, we have gone from running a deficit and really having almost no balance to about a $7 million to $8 million balance,” he said. “We have spent three years realigning our costs including going through a (reduction in force.) We don’t think we will be back on the ballot for new money until 2021.”
Firelands will start to run a slight deficit by 2020, according to the district’s five-year forecast.
A 5.7-mill, 36-year bond will be on the ballot in November to finance the construction of a new middle and high school. The issue would cost the owner of a $100,000 home an extra $200 each year and would largely cover the cost of the $29 million project.