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Board approves FY25 advances and transfers resolution to help close books early

3736480 · May 29, 2025

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Summary

The West Clermont Local Board of Education on May 29 approved a resolution authorizing estimated advances and transfers for fiscal year 2025 to allow early financial closing; the board will review actuals at its June 30 meeting.

The West Clermont Local Board of Education voted 5-0 on May 29 to authorize advances and transfers for fiscal year 2025 to help close the district’s books earlier than usual.

Treasurer Romano presented the request and said the list of transfers and advances is an estimate; the board intends to present final actuals at the June 30 meeting. Romano said the timing was advised because pending legislation could affect transactions in June.

Board members moved, seconded and then approved the resolution by roll call, with all five members voting yes. The resolution authorizes staff to make estimated advances and transfers for FY25 now and to bring final amounts to the board once actuals are known.

The transcript does not list the specific line-item amounts or the funding sources for the transfers and advances; Romano said those figures were estimates and would be finalized later.