The Olentangy Local School District will hire a search firm to find a new financial leader after Treasurer Rebecca Jenkins was scooped up by the New Albany-Plain Local School District this month.
Jenkins announced last week she will resign from Olentangy schools effective Feb. 3. The resignation was approved by the school board at its meeting last Thursday, Jan. 10.
New Albany, despite being about one-fourth the size of Olentangy, offered Jenkins a pay raise. She will earn $132,000 a year, compared to her current salary of $119,100 at Olentangy this year.
Jenkins, who has served as Olentangy's treasurer since 2005, said she leaves with "mixed emotions."
"To move on to New Albany is an opportunity, I believe," she said, "but I have had the opportunity to work with amazing staff in Olentangy and I appreciate the board giving me that opportunity, so I will miss Olentangy dearly."
In addition to a base-pay increase, in New Albany she also is eligible to receive a performance bonus of up to 5 percent of her salary after the first year.
Taxpayers will shoulder the same share of her medical insurance that they pay for other administrators: 90 percent for a single plan or 85 percent for a family plan.
She can receive an increase of $5,000 annually if she moves into the district.
Olentangy will begin the search for a replacement immediately.
Kevin O'Brien, who was elected board president at the Jan. 10 meeting to replace former President Dave King, said the district would turn to a professional search firm to find eligible candidates.
O'Brien said several proposals would be solicited and the board will select a firm at its Jan. 31 meeting. An interim treasurer will fill in for Jenkins starting Feb. 3.
When several final candidates have been identified, the board will conduct interviews at a public meeting.
O'Brien said the process typically takes about three-and-a-half months from start to finish.
Board members thanked Jenkins for her work in the district and wished her farewell.
"Becky has always shown a high level of professionalism," King said. "I've always enjoyed the fact that she can speak about financial matters with candor and background knowledge."
Superintendent Wade Lucas added: "It's good to see good work rewarded. She's been an extremely valuable part of the team and she will be sorely missed."
He said the district would benefit from the fact that Assistant Treasurer Todd Johnson had the chance to work with and learn from Jenkins for four years.
Jenkins joined Olentangy in July 2004 as assistant treasurer and was promoted to the district's chief financial position in 2005.
During each year of her tenure, the district earned the Government Finance Officers Association award as well as the Auditor of State's Award for fiscal year 2010.
New Albany had sought a treasurer since Brian Ramsay left New Albany last summer to become the treasurer of the Westfall Local Schools in Williamsport.