Amanda Sanchez, North Ridgeville City treasurer, presented an updated October financial forecast to the Board of Education on Monday and told trustees the district is financially stable now but faces uncertainty from recent state legislation that could reduce local revenue by roughly $12,000,000.

Sanchez said the presentation — a revised form of the district's five-year forecast now required earlier in the year — showed the district beginning the fiscal year with about $24,000,000 in the general fund and projecting to end the year slightly lower but roughly balanced. “So as July 1, the beginning of fiscal year, we start with $24,000,000,” she said. Sanchez said the district expects to remain on the positive side by about $2,000,000 through the first three forecast years but that deficits typically appear in years four and five, which is why the district continues to produce a five-year projection despite a state requirement for only three years.

The forecast breaks revenues to roughly $61,000,000 in total, Sanchez said: about 63% from local sources (primarily property taxes), about 30% from the state and roughly 7% from other sources such as tuition and investment earnings. She said personnel costs make up about 82% of expenditures. “We're a people business, so it makes sense that we spend the biggest chunk of change on salary and benefits,” Sanchez said.

Sanchez identified one-time fund movement that affects visible cash trends in the forecast: the district moved $6,500,000 into the capital outlay fund, which reduces general-fund cash in the short term but preserves that money for capital projects. She also said the district projects roughly 168 days of cash on hand in 2030 under current assumptions.

Board members and staff discussed the effect of pending and recently passed bills in Columbus. Sanchez and other speakers said an override of a gubernatorial veto on a budget line (referred to in discussion as line item 66) and other pending changes could alter school funding formulas and levy rules. The presentation included an estimated $12,000,000 impact used for modeling; Sanchez said that number is an estimate and the district's forecasting software vendor is building precise scenarios so staff can plug in final language once it is available.

Trustees and staff said local legislators are working on clarifying language. Board members were urged to continue advocacy with state lawmakers; the treasurer said staff had heard that amended legislative language might be available “within a day or two” from a contact who has spoken with a bill sponsor.

After the presentation, the board voted to approve the October 2025 financial forecast in one reading. The motion was moved by Miss McCarthy and, according to the meeting record, seconded by Mister Haynes. Roll-call votes recorded in the meeting were: Miss McCarthy — yes; Mister Haines — yes; Mister Grigsby — yes; Mister Sampson — yes; Mister Baca — yes. The motion carried.

The treasurer told the board the next formal forecast update will be provided in February once the district can incorporate additional legislative outcomes and updated enrollment figures.

The district presented enrollment and per-pupil spending context during the forecast. Sanchez said local enrollment dipped slightly in 2024–25 but begins to rise again in projections; she also said the district's per-pupil spending is below the Ohio average cited in the presentation ($88 per pupil for 2024–25) and the district remains a four-out-of-five star-rated district in her summary.

The board will receive a revised forecast when updated legislative language and vendor scenarios are available.