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School board reports $1M revenue jump after pipeline settles delinquent taxes; approves permanent appropriation
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Summary
The board heard a financial update showing nearly $8.9 million received year-to-date — up about $1 million from last year — largely because the Rockies pipeline paid previously contested property taxes; the board approved the district's permanent appropriation for fiscal year 2025.
The Local School Board received a financial update showing the district has collected almost $8.9 million in the first two months of the fiscal year, up from about $7.8 million at the same point last year, a roughly 13% increase driven primarily by a one‑time payment related to the Rockies pipeline’s delinquent property taxes.
Board Treasurer reported that the increase reflects settlement of contested property valuations by the pipeline, which led to a payment this August that covered previously underpaid taxes. The treasurer said staff will meet with forecasting staff in Columbus and the county auditor the following day to determine whether the payment was a single catch‑up or represents a change in ongoing values and collections.
The revenue update matters because it affects projections used for spending and long‑term planning. The treasurer said the district previously collected about 92–93% of expected property taxes during the pipeline’s contested period and that the settlement reduces that uncertainty going forward.
In expenditures, the treasurer flagged that August outlays were about $4.7 million versus $3.6 million in the same month last year. The higher figure reflects timing (August included a three‑payroll month this year) and increases in purchased services, including a one‑time rise in liability insurance after an updated property valuation performed by the Ohio School Plan. Supplies were down 64% compared with last year, attributed to large, one‑time purchases in the prior fiscal year.
The treasurer also noted a required transfer of $85,000 to the district’s OFCC fund (maintenance funds tied to buildings constructed with Ohio Facilities Construction Commission support) that was completed earlier in the year.
On the board floor later in the meeting, trustees moved to approve the permanent appropriation for fiscal year 2025. The motion was made and seconded and recorded as approved during the meeting.
The treasurer said the district’s cash balance at the end of August was about $21.63 million, essentially flat with last year’s $21.572 million after accounting for the timing and one‑time items. Staff will report back after further review with state tax and county auditor staff to clarify the pipeline payment’s implications for future collections.
Less critical financial items discussed included health and dental fund balances and an early‑year review of claim activity in the district’s medical fund.
