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Treasurer presents conservative five‑year forecast; board approves assumptions and discusses cash‑reserve policy
Summary
Treasurer Nick Roberts presented a five‑year forecast calling for flat state funding, growth in income‑tax revenue and planned transfers to cover general‑fund debt; the board approved the forecast assumptions and discussed revisiting the district cash‑reserve policy amid proposed state limits on local reserves.
Nick Roberts, Canal Winchester School District treasurer, presented the district’s five‑year financial forecast at the May 12 board meeting and asked trustees to approve a set of assumptions to guide budgeting.
Roberts said he modeled a conservatively flat state funding scenario through the forecast window and factored in potential legislative uncertainty, noting the state budget and property‑tax proposals remain unsettled in Columbus. “I do think the formula will cease to exist. So I did incorporate that into the line to where it's basically flat funded on these two lines,” Roberts said. He…
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