Wood County Treasurer forecasts budget surplus but warns of future financial challenges

Perrysburg Exempted Village School District is facing a challenging financial outlook, as officials revealed during the Board of Education work session on May 7, 2025. The district's cash balance is projected to decline significantly over the next few years, raising concerns about fiscal sustainability.

Currently, the district has a cash balance of approximately $24 million, which is $2 million better than earlier forecasts. However, this improvement is not enough to alleviate worries about future funding. By fiscal year 2027, the district anticipates a cash balance of nearly $10 million, equating to just 45 days of operating expenses. This figure, while an improvement from previous estimates, remains precarious and raises questions about the district's ability to maintain its financial health.

The discussion highlighted the complexities surrounding future levy discussions, with officials noting that lower cash balances could lead to more options, including the potential to delay levy requests. However, the overall sentiment was one of cautious optimism, with officials acknowledging that external factors could significantly impact revenue forecasts.

The district's financial forecast is expected to be revisited in June, as officials anticipate changes that could affect the current projections. The board emphasized the importance of transparency in these discussions, recognizing that the financial landscape is subject to fluctuations that could necessitate adjustments to their plans.

As the district navigates these financial challenges, stakeholders will be closely monitoring developments to ensure that educational services remain robust and sustainable for the community.