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Treasurer reports healthier cash balance; trustees press staff on OhioCheckbook, credit‑card charges and legal fees
Summary
The district reported a stronger cash position than projected, but trustees asked why the district stopped publishing to OhioCheckbook, raised questions about recurring credit‑card charges and legal‑fee spikes and requested follow‑up information.
The district treasurer told the board on April 28 that April’s financials left the district with a positive cash position and a projected best‑case ending balance of about $10.4 million, but trustees used the presentation to press for transparency on public online reporting, credit‑card use and legal‑fee spending.
Key takeaways from the financial presentation Treasurer’s report: The treasurer said the district’s cash balance had improved compared with the comparable month last year and that the district received a large portion of its real‑estate tax receipts in April; the current forecast projects about $10.4 million cash on hand (approximately 50 days of operating cash under the treasurer’s estimate), with a…
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