The Sylvania City School District’s treasurer told the board the district ended the last fiscal year close to forecasts, with a small revenue increase and a sizable capital transfer that changed the fund balance picture. "Our revenue was a little higher than we anticipated, by about a 145,000," Adam said during the finance presentation.

Adam said expenses decreased roughly $600,000 compared with the May forecast and that the district approved a transfer up to $6,700,000 but ultimately transferred $6,000,000 into a capital/reserve fund to cover planned maintenance projects such as parking-lot resurfacing and pool work. That transfer reduced the reported general fund balance from roughly $36–38 million down to about $32 million when the transfer is included.

Property tax revenue increased about 2 percent even though property values in Lucas County rose by about 30 percent; Adam attributed the limited revenue gain to House Bill 920 and state formula factors. He also said the district received one-time boosts — including extra Medicare reimbursement payments — that are not expected to recur.

The treasurer highlighted long-term trends: special‑education costs have risen substantially, "Special ed, 42% increase since 02/2018," Adam said, representing a multi‑million‑dollar increase over several years. Salaries and benefits now account for roughly 81 percent of expenditures this year, reflecting the end of ESSER-funded offsets and restored general‑fund charges.

Adam said the district reduced recurring expenses by about $2 million for the new fiscal year by making staffing and contract adjustments, but he warned state budget changes and enrollment shifts could mean a roughly $1 million revenue reduction next year. The district will present an updated forecast in October and plans to continue five‑year forecasting for community transparency.

Board members asked about planned capital spending; Adam estimated parking lot resurfacing would run "originally under 350,000 and then we had to add that add on at Highland... so it'll be over 500" (thousand dollars). He said the district is exploring grants and matching funds to leverage the capital set‑aside.