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Garfield Heights closes fiscal 2025 with $5.9 million general fund balance; officials warn of federal grant freezes
Summary
Board heard a fiscal-year close report showing a $5,900,000 June 30 general-fund balance, ran a deficit for FY25 and was told some federal grant streams are temporarily frozen; board also approved a transfer to a new fund to track severance costs.
The Garfield Heights City School District ended fiscal year 2025 with a June 30 general-fund cash balance of $5,900,000, district finance staff reported Monday as the board prepared to open the new fiscal year.
The report — presented to the Garfield Heights City School District Board of Education during its July 21 meeting — said the district began the year at about $9.4 million and ran a deficit for FY25. The presentation focused heavily on grant funding that the district expects to monitor closely in fiscal 2026.
Mr. Oakley, speaking for district finance staff, said federal and state actions have left several grants "frozen" and that the state Department of Education and…
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