Treasurer reports May cash‑flow shortfall and board approves consolidated grants application

The treasurer told the board on June 10 that May revenues totaled about $5.8 million while expenses were approximately $9.3 million, producing a timing shortfall of roughly $3.4 million that the district’s five‑year forecast anticipates and can absorb.

The treasurer said state foundation receipts remain the district’s largest revenue source and that a one‑time property tax allocation from Groveport — about $1.23 million this year — arrived in May, a timing difference from prior years. He told the board payroll and personnel services remain the largest expense category (about 63 percent).

The board approved by roll call the treasurer’s requests to submit the fiscal‑year final appropriations and the amended certificate of estimated resources to the Franklin County auditor and to establish temporary appropriations for the 2025‑26 fiscal year beginning July 1. The board also approved the district’s consolidated grants application (the federal grant package) as required by a new law requiring board acknowledgement.

Why it matters: The cash‑flow note is a routine budgetary update that signals the district’s five‑year forecast remains the guiding planning tool; approval of appropriations and the consolidated grants application authorizes staff to manage funds and comply with new reporting requirements.

Details: The treasurer said early June receipts were consistent with forecast projections and that staff will ask the board for a special meeting to review state budget changes once the legislature finalizes numbers. Board members asked for a future finance briefing once state figures are final.

Next steps: Staff will submit updated appropriations to the county auditor and will return any revised fiscal documents to the board for ratification at the next regular meeting. The treasurer said he will propose a special finance session once state budget information is complete.