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Kenston treasurer projects modest year-end gain, warns of House Bill 96 changes
Summary
District Treasurer Seth presented monthly financials showing a projected positive year-end cash balance and summarized Title I spending. He flagged provisions in House Bill 96 — including a 30% maximum general-fund carryover cap and changes to the county budget commission — that could affect future levy timing and forecasting.
Kenton Local School District Treasurer Seth reported to the board on April 14 that the district expects to end the fiscal year with a modest positive cash balance after several years of deficit spending and internal efficiency measures.
Key numbers: The treasurer said the district closed fiscal 2024 with a cash balance of about $8.3 million (June 30, 2024) and is projecting that combined savings and operational measures will increase that balance toward about $8.9 million by year-end. He said the current projected ending cash increase is roughly $364,000 above the forecast presented in November,…
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