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Norwalk board records $1.08 million OFCC drawdown, outlines building-project finances
Summary
Treasurer Joyce told the board the district received a $1,080,801 OFCC drawdown July 11 and reviewed investment, interest and local-share accounting tied to the new elementary building project.
Norwalk City School District Treasurer Joyce said the district received its first drawdown from the Ohio Facilities Construction Commission (OFCC) for the district's building project on July 11, 2025, in the amount of $1,080,801. Joyce told the board that the payment was deposited to the OFCC fund and that interest earned in separate project funds is being tracked and reported separately. "We received our first drawdown from the OFCC for the building project on July 11. It was for $1,080,801," Joyce…
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