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Centerville City board reviews five-year forecast as officials flag potential state caps and enrollment rule changes
Summary
At the May 27 meeting Centerville City’s treasurer updated the board on a five-year forecast showing levy revenue fully phased in for FY2026, and warned that proposed state legislation could limit reserves and affect district planning; the board approved the forecast for submission to the state.
The Centerville City Board of Education on May 27 received an updated five-year forecast and discussion about how pending state legislation could affect the district’s financial planning. The board approved the forecast for submission to the Ohio Department of Education.
Treasurer Brian (last name not specified in the transcript) told the board the current forecast reflects actual tax collections and the full phase-in of levy revenue beginning in fiscal year 2026. He said the district projects operating cash sufficient for roughly 56 months at the end of the current fiscal year and about 66 months in the following year, noting that a heavily property-tax-funded district can show large reserve levels under normal cycles.
Brian warned that proposed state limits on school reserves — described during the meeting as a cap that would prevent general-fund year-end cash from exceeding about 30% of annual expenses — could force districts to alter long-term plans. “So as it stands … cash at the end of the fiscal year would not be allowed to exceed 30% of that amount,” he said, adding that details and affected funds could change if the legislation is amended. The treasurer said the district intentionally did not include assumptions for another pending bill (referred to in the meeting as House Bill 96) because the final details remain uncertain.
Board discussion also noted a separate bill referenced in the meeting, House Bill 114, which members said had passed in the Ohio House and would change the kindergarten age cutoff by tying eligibility to the first day of instruction rather than a fixed calendar date; a board speaker said that wording could create confusion for districts and families if implementation varies year to year.
Administrators said they plan to file the required second forecast submission to the state and may present a revised forecast in July if the legislative picture changes. The board voted to approve the forecast and assumptions for fiscal years 2025–2029 during the meeting; roll-call votes recorded board members answering “yes” on the motion during the meeting’s business items.
