Cleveland Ohio Real Estate

This Week in Shaker© An Independent E-Letter for the Residents of Shaker Heights, Ohio FOUNDED APRIL 14, 2003 Volume 6, Number 43 Monday, November 17, 2008 Jane Wood, Editor Street and Alley, Proofreaders THIS WEEK IN SHAKER will be emailed every Sunday night, with some exceptions. If you like it, pass it on; if you would like to be on the distribution list, email thisweekinshaker@sbcglobal.net. NO TWIS NOV. 24 AND DEC. 1 This issue has 4 pages. News Briefs • A restaurant called Los Habaneros is slated to fill the space once occupied by Sands Delicatessen in the Van Aken Shopping Center. New signage will be discussed at this morning’s meeting of the Architectural Board of Review. It is not clear when the restaurant will open. In the same strip to the north, MotoPhoto is seeking approval for alterations to its entry. Inquiring Minds Want to Know . . . Why is it taking so long to obtain a copy of the school superintendent’s evaluation? Following an executive session that lasted more than 6 hours (and into the wee hours) on August 13-14, the Board of Education approved a resolution acknowledging “the favorable performance” by the superintendent during the last year and approved a 4% salary “adjustment” effective July 1, 2008. The evaluation process began in May and concluded in August. For the treasurer, the Board acknowledged at the same meeting, which adjourned at 12:23 a.m., a “favorable performance” and also approved a 4% salary adjustment effective July 1, 2008, plus a 1-time 1% annuity on the old base salary. TWIS was not in attendance at 12:20 a.m. when the Board resumed its public session to take the above actions. As of this week, neither written evaluation has been made available to the public. Learning about the Budget Following a presentation of the “comprehensive annual financial report” for the fiscal year that ended Dec. 31, 2007, by Finance Department director Robert Baker at City Council’s work session* last week, Mayor Earl Leiken cut to the heart of the matter by asking just how much debt the City has that has no identified source of funding. According to the “CAFR,” the City’s long-term obligation at of the end of 2007 was “roughly $32 million,” according to Leiken, who told Council it is “important to have in mind how much debt [there is] with no funding source.” Baker told Council the state “has limits on the amount of debt that can be issued,” and the “CAFR” notes that “the City’s overall debt limitation is $93,535,918, of which $91,824,095 is available for additional voted and unvoted general obligation debt.” The “CAFR” also includes information on the general fund, 4 “internal service” funds, 11 “agency” funds and the following 24 “special revenue” funds: • Street maintenance and repair fund • State highway fund • Economic development fund • Sewer maintenance fund • Police pension fund • Fire pension fund • Indigent driver/alcohol treatment fund • Court computer legal research fund • Clerk’s computerization fund • Exterior home maintenance fund • Fair housing grant fund • Community preservation partnership program fund • Law enforcement grant fund • Court community service fund • Court alternate disputer resolution fund • Ohio court security project fund • High intensity drug trafficking area grant fund • Drug free community grant fund • Housing and nuisance abatement fund • Street lighting assessment fund • Tree maintenance assessment fund • Central services operation fund • Law enforcement trust fund

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