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Board approves auditor, boiler replacement and energy-service updates as fiscal year closes
Summary
The board authorized a five-year audit engagement, approved a contract to replace a high‑school boiler and agreed to select energy utility options while reviewing the district’s year‑end financial position.
The Brexville-Broadview Heights Board of Education approved several financial and facilities items July 16 as the district closed fiscal year 2025 and set contracts for the coming year.
Treasurer Craig reported final fiscal-year cash and said the district ended June with approximately $19 million in cash and about 124 days of reserves. He noted transfers out at fiscal year-end were used to allocate funds into severance, capital projects and a campus master plan. The board received an overview of the annual cash-flow pattern and a reminder that the district is heavily funded by local property taxes.
On formal votes the board approved an engagement with Charles E. Harris & Associates to serve as the district’s external financial auditor for the next five years. The board also approved an engagement letter with Local Government Services (LGS) to perform the annual GAAP conversion of the district’s books.
The board approved a contract with the K Company for replacement of high‑school boiler number 2 and associated pumps through a cooperative purchasing agreement; Treasurer Craig said the district solicited pricing and the selected vendor provided the lowest responsive quote. The administration said the work is scheduled to occur before the next heating season.
Other financial approvals included extension of an EUS main-campus utility agreement for power equipment that remains in the district’s interest for the next five years and termination of an auditorium lighting agreement that the district staff recommended not to extend. Board members also approved standard agreements with the regional educational service center for special‑education-related services and routine personnel items on the consent agenda.
No significant concerns were raised in public discussion. Staff noted the fiscal-year-end reserve remains above the district’s minimum safety threshold of 90 days but below an upper recommended threshold; they reiterated that many potential state budget changes could affect long‑range planning in coming months.
