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MAY 22 195 15:11 FROM CITY OF MAYFIELD HT5 PAGE.002 + * F°? ? ?mvas??O -40?^Q_=i enw eiv A RESOLUTIQN ARSrM THE CREATION 0F A FINANCIAL R L TQ ALUATf TtfE F-;- 0F THE MAYfIEtD CiTY SCHOOL DTSTRICT. e,c.ori%w?c s-V-k%?s WNEREAS, the perception o€ acomnunity and the maintenance of its property vaiues is prafoundly influenced by the quality of the school system serving that cummunity; and ,•• , WHEREAS, in the past the Mayfield City 5chools have pravided a positive influence ott the cornmunities it serves, and wHEREAS, twc'consecutive sthoal levy requests have been defeated by the voters of the bistrict; and • MHEREAS, the School Board is a6QUt to impose significant reductions in its pragrams rrhic6 will 1ower the edttcatianal standards to a level approaching minimwn state standards; and wHEREAS, these reductions wili adversely affect both the stadents of our cotmnunity as we71 as i ts preperty val ues; nawr • TNEREEOR€, aE•IT RESULVED BY THE COUNCIL, THAT: Section I. The Mayfield Edvcation-8usiness-Community Alliance create a . Financial Review Panel for the express parpose of examining the f9nanciai condition of the Mayfield City School District. 5ectia . Membership on•this panei should be as follaws: a. 'the Ct?airman, appointed by the A1liance, who has a icnowledge of school finance but is not currently associated with the Mayfield Schools. b, Fvur members, ane each appointed by the fuur 7argest emplayers in the District (Progressive insurance, 14eridia-H111crest Hospital, Allen-8radiey and Ricker X-Ray), who are financial analy$is 6ut aho do nat live in the school district. c. One member appointed by the Mayfield Soarcf af Education. d. 7hree publfc members, one appointed by the Mayfield parent-teacher Caordinating Councfl, 1995 C9tizens' Mayfield Committee for Quality Education and one by the Citizens for Responsible School System. Section 3. Th3s Pane7 will be asked to examine the finances of tfte MaYfield Schaols to determine what additionai furtds, if any wi71 be required to sustain the current (pre-redaction) level of education for a period af at teast three years_ Section 4, The Panels report should be presented ta the School board, the Flayors and Counct7s af each of the Municipalities withiri the pi strict and made avai 7 abl e to the med9a represerttatf ves covering the District. 5ect_f.an S. This resalutian wii'I become effective at the earliest time allowed by law and a ropy wi71 be sent ta the Mayfieid Board af Education, each of the municipalities it serves, the MayfiQ'!d Education- Business-Community Alliance, the Mayfie'1d parent-teachet' Coordinating Counc#i, the 1995 Citizens' Mayfield Committee for Quality Education and the Citizans €or Respor?sibie School System. TOTAL PAGE. 002 **