The Olmsted Falls City School District Board of Education meeting on September 21, 2023, focused on financial updates and future planning for the district. Key discussions included a financial summary for August 2023, which revealed that revenues exceeded expectations by approximately $339,000, largely due to the timing of real estate collections. Compared to the same period last year, revenues were up by $378,000.

Expenditures, however, were over budget by $258,000, attributed mainly to the timing of expenses related to technology services and supplies. Despite these fluctuations, the general fund cash balance stood at $19.12 million, an increase from $18.35 million the previous year, indicating a positive financial outlook.

The board also discussed updates on the bus fleet, noting that the district is in the process of acquiring two new buses through a master lease agreement. These buses are expected to be about $10,000 less expensive than previous models, although they come with limited customization options.

Additionally, the district is working on its gap conversion and fiscal year 2023 audit, with preparations for the fiscal year 2024 appropriations underway. The board anticipates positive changes from the upcoming October settlement, which will provide more clarity on the district's financial position.

The meeting concluded with an invitation for public comments, although no reports were presented from absent members. Overall, the discussions highlighted the district's proactive approach to financial management and planning for future needs.