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Treasurer reports FY25 close near forecast; board creates termination-benefits fund and approves transfers tied to MGM settlement
Summary
The district treasurer reported a fiscal-year 2025 close with a roughly $800,000 negative position (better than forecast), outlined planned transfers to the Permanent Improvement fund tied to an MGM settlement, and the board approved establishment of Fund 035 for termination benefits under Ohio Revised Code provisions cited in the agenda.
The district treasurer presented year-end financial information at the June 30, 2025 board meeting, reporting the district closed fiscal year 2025 approximately $800,000 negative — better than an earlier forecast of roughly $1.1–1.2 million negative.
The treasurer reviewed temporary appropriations for FY2026, May financials, and a plan to transfer funds to the permanent…
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