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Treasurer reports strong cash balance; board discusses capital set‑asides and state funding risks
Summary
The treasurer reported revenues above estimates and a healthy cash balance, and the board discussed front‑loading capital transfers to meet upcoming facility projects while members and public speakers urged action on state school‑funding changes and voucher policies.
Treasurer Scott Gooding told the Big Walnut Local Schools Board of Education on May 19 that year‑to‑date revenue and financing sources were about $62.8 million versus an estimate of $62.1 million and the district’s ending cash balance at the end of April was about $49.5 million, exceeding projections by approximately $1.7 million.
Gooding said revenue performance was aided by higher interest income and tax receipts, while expenditures remained under budget. He reported year‑to‑date expenditures of roughly $47.5 million versus an estimate of $48.6 million.
Board members then discussed a multi‑year capital plan and whether to move forecasted transfers (about $4.9 million across FY26–FY28 in the current forecast)…
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