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Kenston treasurer: five-year forecast shows short-term surplus after rightsizing, longer-term pressure ahead
Summary
Treasurer Seth Kales told the Kenston Board of Education on May 12 that rightsizing and staff attrition produced roughly $361,922 in projected year‑end savings and removed deficit spending this year and next, but the five‑year forecast still projects deficits in the latter years and faces uncertainty from House Bill 96 and enrollment trends.
Kenston Board of Education Treasurer Seth Kales told the board on May 12 that the district’s five‑year financial forecast now shows a modest surplus this year after staffing changes and other savings, but projected deficits return in later years without additional revenue.
Kales said the district expects to end the current fiscal year about $361,922 better than its prior projection and that creative staffing and attrition produced roughly $750,000 in savings. “A financial forecast is a dynamic fiscal management tool,” Kales told the board. “It’s a living document.”
The forecast focuses on the general fund and assumes negotiated base wage increases built into current contracts; it shows Kenston relying heavily on local…
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