Oakwood Board of Education approves education foundation fund and new teachers agreement

In a pivotal meeting held on August 14, 2025, the Oakwood City School District Board of Education gathered to address several key financial and operational matters that will shape the district's future. The atmosphere was charged with anticipation as board members prepared to approve a series of resolutions aimed at enhancing educational funding and ensuring fiscal responsibility.

One of the standout discussions centered around the establishment of an education foundation fund, a significant initiative made possible by a trust left by a deceased benefactor. This fund is intended to serve as a scholarship resource, with specific parameters to be determined by a dedicated committee in the coming months. The board emphasized the importance of setting this fund up before the fiscal year closes on June 30, ensuring that the funds are properly allocated.

In addition to the foundation fund, the board moved swiftly through several financial resolutions necessary for closing the books for the fiscal year 2025. These included the approval of the certificate of estimated resources and various budget transfers, all aimed at maintaining the district's financial health. The board also discussed initial appropriations for fiscal year 2026, acknowledging that adjustments would be necessary once grant allocations are finalized later in the year.

Another critical item on the agenda was the post-issuance compliance policy related to a recent bond issue. This policy is essential for ensuring that the district meets all reporting requirements associated with the bonds, a task that will involve collaboration between the board's office and legal counsel.

The meeting concluded with the approval of a new two-year master agreement between the Oakwood Board of Education and the Oakwood Teachers Association, set to take effect on July 1, 2025. This agreement, which was previously approved by the teachers' association, reflects the board's commitment to fostering a collaborative relationship with educators.

As the board wrapped up its discussions, it became clear that these decisions are not just about numbers; they are about investing in the future of Oakwood's students and ensuring that the district remains a vibrant educational community. The implications of these resolutions will resonate throughout the school year, setting the stage for continued growth and development within the district.