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Brunswick board approves June financial report; treasurer highlights $6.4M in interest income over three years

August 04, 2025 | Brunswick City, School Districts, Ohio


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Brunswick board approves June financial report; treasurer highlights $6.4M in interest income over three years
The Brunswick Board of Education approved the district's financial and investment report for June 2025 and discussed how higher interest rates have boosted revenue in recent years.

"We've earned, you know, literally about $6,400,000 in the last 3 years in interest income, so that's that's really helped," Treasurer Mark said during the July 15 meeting. The board approved the financial report by roll call; the motion was made by Missus Gessler and seconded by Missus Mullen.

Board members and staff noted that the district earned approximately $2 million in interest over the prior six years, underscoring the recent increase. Members also flagged a marked rise in purchased‑services expenditures year over year, which administrators attributed primarily to special‑needs services and transportation costs. The district reported it has issued an RFP for some transportation services for special‑needs students in hopes of reducing that line item.

The treasurer provided a high‑level summary comparing total revenues and expenditures to the prior year and said the interest earnings have helped the district stretch existing dollars without immediately seeking new revenue. The board voted to adopt the report; the roll call returned unanimous 'Aye' votes.

The board also approved final fiscal‑year 2025 appropriation adjustments and several purchase orders and certificates later in the meeting as separate agenda items.

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