Financial Reporting For STEM Schools
According to Ohio law (Ohio Revised Code 3326.11), the governing body of each STEM/STEAM school must comply with the standards for financial reporting adopted under division (B)(2) of section 3301.07 of the revised code. Financial forecasts must be submitted by the statutory August 31 and February 28 deadlines. STEM/STEAM schools should follow the below guidelines for submitting financial reports.
If the STEM/STEAM school is an independent STEAM/STEAM school with a separate governing body and is not a community school or part of a school district, the school's governing body is responsible for financial reporting. Financial forecasts must be submitted by the August 31 and February 28 deadlines and must include assumptions. Schools are required to use the Excel template below for their forecasts, but may submit assumptions as a separate PDF file if desired. Submissions must be emailed to STEM@education.ohio.gov.
Financial Reports for STEM/STEAM Schools with Independent Governing Bodies
If the STEM/STEAM school is governed and controlled by a school district and the school district is a municipal, city, local, exempted village, or joint vocational school district, the STEM/STEAM school's district is responsible for for financial reporting.
If the STEM/STEAM school is a community school with STEM/STEAM school equivalent designation, the school's sponsor is responsible for financial reporting.
Financial Reports for Other STEM/STEAM Schools and School Equivalents
If the STEM/STEAM school is a chartered nonpublic school with STEM/STEAM school equivalent designation, it is not subject to this section of the ORC.
Last Modified: 7/7/2026 9:47:58 AM