Board approves transfers, appropriations and capital-projects resolution to close fiscal year 2025
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Summary
At a special June 26 meeting the Big Walnut board approved multiple fiscal actions — fund transfers to the capital projects fund, stale-check transfers, amended appropriations, a five-year forecast update, temporary appropriations for FY2026, and reaffirmed the capital projects fund under ORC 5705.13.
The Big Walnut Local Schools Board of Education approved a series of fiscal measures at its June 26 meeting to close fiscal year 2025 and position the district for planned capital projects.
The treasurer presented multiple items: amended transfers into the capital projects fund based on preliminary master facilities estimates; transfers of stale checks older than five years into the capital projects fund (including $1,613.04 and $2,366.49 listed in the packet); amended appropriations for fiscal 2025 to enable year-end closing; and an updated five-year forecast that incorporates the transfers approved at this meeting and the prior meeting. The board also approved temporary appropriations for fiscal 2026 so the district can begin spending on July 1.
Separately, the board approved a resolution reaffirming the capital projects fund under Ohio Revised Code 5705.13 (ORC 5705.13) to align with the district’s capital projects plan and preliminary cost estimates provided by the master facilities consultant. The treasurer told the board the action is intended to protect cash balances in anticipation of dollars needed to fund planned projects.
Board members voted on each item by motion, second and roll call. The treasurer noted the governor had until the coming Monday to sign the state budget, which could require later adjustments to forecasts and reporting.
No additional financing schedules or bond closings beyond the previously approved bond-certification item were provided during the meeting.