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Troy board approves routine year-end accounting steps and temporary 2026 appropriations
Summary
Board members approved annual resolutions allowing accounting entries for fiscal year close, temporary 50% appropriations for fiscal 2026 and several 'then-and-now' certifications under Ohio law to cover prior expenditures.
The Troy City School District Board of Education approved routine year-end accounting motions the board said were necessary to close fiscal year 2024–25 and to allow operations into the next fiscal year. The board approved a resolution authorizing required year-end accounting entries to legally close the fiscal year that ends June 30, 2025, and voted to adopt temporary appropriations for fiscal 2026 at 50% of current-year levels so the district can operate until final appropriations are presented in September.
During discussion, a staff member identified that June is when final cleanups and adjustments to the books occur and that the district expects to bring final appropriations to the board on June 30 for approval. The board noted that the Miami County Budget Commission approved the Troy City School District Official Certificate of Estimated Resources for the fiscal year beginning July 1, 2025, which governs the amounts available for appropriation.
The board also approved multiple "then-and-now" certificates under Ohio Revised Code section 275.41. The superintendent (or fiscal officer) explained that several expenditures lacked prior certification and must be retrospectively certified to authorize payment; examples cited included payments with vendors and several school site accounts.
Board members completed roll-call votes on the resolutions. The presiding member called the roll and recorded affirmative votes from board members present. No substantive policy changes, tax levies or new budgets were adopted at the meeting; the actions were presented as standard, legally required year-end and interim administrative steps.
