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Board adopts May five‑year forecast and funds initial phase of 20‑year capital plan
Summary
Willoughby‑Eastlake City Schools adopted its May 2025 five‑year forecast and approved a one‑time transfer to start a board‑approved 20‑year capital plan. The board also approved related consent items that suspend the district cash‑balance policy for fiscal 2025. Voting was unanimous, 5–0.
The Willoughby‑Eastlake City Schools Board of Education on May 12 adopted its May five‑year forecast and approved a one‑time transfer to fund the initial phase of a board‑approved 20‑year capital plan. The five‑year forecast passed by a 5–0 roll‑call vote.
Treasurer Mr. Charnello presented the forecast and told the board the district had collected "92.45% of our expected revenue" through April and that the one‑time transfer was intended to "get this plan off the ground." He said the transfer causes the district to…
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