North Royalton City Schools' Treasurer Named "Best in the State"
Treasurer Biagio Sidoti of North Royalton City Schools was named one of the best in the State of Ohio. On Wednesday, April 18, Sidoti was named the 2018 Outstanding Treasurer/CFO of the Year by the Ohio Association of School Business Officials. He received his award at the organization’s state conference in Columbus. School Board Member Dr. John Kelly, on behalf of the Board of Education, along with Assistant Superintendent Jim Presot and Superintendent Greg Gurka, nominated Sidoti for the award. Sidoti has been with the district since 2014.
“Biagio has the ability to communicate and discuss all sides of an issue to assure that decisions that are made will be the right decisions,” said Gurka. “He understands that the bottom line is not just on a balance sheet, but it is the ability of the district to meet the individual needs of the students it serves. Whether it is in small one-on-one conversations or larger group administrative team meetings, Biagio is a resource for our Principals and Directors to allow them to do their jobs effectively. Biagio cares about the students in our district and he understands the big picture of education. Not only that, he advocates for our students and works to provide the means to support programs that will enhance their learning experiences.”
Sidoti and his staff consistently receive the Auditor of State Award with Distinction for a “clean” financial audit report. This year marks the 25th time the District received the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association. Sidoti also made sure that the District was one of the first in the State of Ohio to post all records on the State’s online checkbook website. Sidoti has tripled the District interest revenues by thorough and more lucrative investing practices. He refinanced the North Royalton Middle School bonds saving more than $900,000 for the district. After the approval of our bond issue in May of 2017, he was instrumental in the District receiving an AA2 bond rating through Moody’s, which allowed him to issue $88.9 million in construction bonds at a very favorable interest rate.
“Biagio provides inspiration for our administrative team and staff to allow them to inspire greatness in our students,” said Gurka. “He is conscientious, organized, and is committed to providing our staff with the means to provide students with a high-quality education.”
“Biagio is one of those treasurers that is able to see beyond the numbers and is willing to share his insight and provide advice to help our leadership team and our Board of Education,” said Presot. “Everyone has confidence in his preparation of our budget and the day-to-day financial operations of the school district under his leadership. He is able to take a complicated topic such as school finance and make it relatable to each person’s knowledge base and level of experience. Biagio works tirelessly to ensure that all stakeholders are informed and well-versed in the financial structure of our district.”
“Biagio was at the forefront of discussions with the community over several bond issue campaigns,” said Board Member Dr. John Kelly, North Royalton City Schools. “Over that time, he educated the community and answered complex questions. There is no question his presence and calm demeanor were a huge factor in the eventual passage of a thorough and comprehensive facilities bond issue. The plan that is underway at this time will address and resolve facilities issues in the District for decades. He is continuing those communication efforts even after passage by being available and leading discussion on the Financial Advisory and Audit Committee and the Community Facilities Advisory Committee, a group formed to enhance communication on bond issue expenditures.”
Posted: Thursday, April 19, 2018