The Olmsted Falls City School District Board of Education meeting on December 14, 2023, focused on financial updates, transportation developments, and community engagement initiatives.

During the meeting, the district's financial officer reported that the fiscal year-to-date revenue is on target at $50.8 million, while expenses have slightly exceeded projections at $49.1 million. The projected year-end cash balance stands at $10.9 million, aligning closely with previous forecasts. The general fund cash balance at the end of November 2023 was reported at $11.5 million, an increase from $10.6 million the previous year, indicating a positive financial trend for the district.

In transportation news, the district is in the process of updating its bus fleet. Two of the six ordered buses have been built and are currently being prepared for delivery, while four others are still in production. However, the delivery of the remaining two buses has been delayed until the start of the next school year, pushing their expected arrival from May-June to August-September.

The meeting also addressed the completion of various financial audits and reports. The Medicaid agreed-upon procedures report was submitted, which is expected to yield a reimbursement of approximately $75,000. The district is also working on GAAP conversion and state audits, with plans to submit all necessary documentation before the Christmas deadline.

Additionally, the board discussed efforts to strengthen ties with the local Chamber of Commerce. Recent meetings have focused on enhancing collaboration between the Chamber and the high school's business department, aiming to provide students with more internship and externship opportunities.

In a separate discussion, the district addressed a recent security threat that was received during a public event. The leadership team acted swiftly to ensure safety, coordinating with local law enforcement to assess the situation and secure school buildings.

Overall, the meeting highlighted the district's commitment to financial stability, transportation improvements, community partnerships, and student safety. The board plans to continue monitoring these initiatives as they progress into the new year.