The Ravenna School District Board of Education meeting on October 23, 2023, focused on critical financial updates and future planning for the district. The meeting began with an overview of ongoing fiscal audits and property appraisals, which are part of the district's insurance requirements.

A significant topic was the presentation of the district's five-year financial forecast, which outlines the fiscal budget for 2024 and projections through 2028. The forecast indicates that while revenues are expected to remain stable, expenditures are projected to rise due to inflation, potentially leading to a cash balance deficit by fiscal year 2026. The district's treasurer emphasized the importance of this forecast for long-term financial planning and its role in guiding budgetary decisions, including employment contracts.

The board also discussed the upcoming employee benefits open enrollment starting November 1 and the Finance Committee's meeting scheduled for October 25 to review federal and state grant funds.

Concerns were raised about declining enrollment trends, which could impact future funding and resources. Board members highlighted the need to understand the reasons behind student departures and to implement strategies to retain students as they progress through the grades.

In conclusion, the board approved the five-year forecast, which will be submitted to the Ohio Department of Education. The forecast's implications for the district's financial health and the necessity for community engagement in budget planning were underscored as essential next steps.