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Treasurer reports steady forecast; board refreshes permanent-improvement resolution to meet OFCC maintenance requirement
Summary
Treasurer Amy Moore told the board the district remains largely on forecast, reported a casino revenue payment of about $95,000 and closed a second bond issue Jan. 29. The board refreshed a 2011 resolution so it can transfer 0.5 mills into a maintenance fund required by OFCC for the upcoming project; the change passed on a 4–0 roll call.
Treasurer Amy Moore told the Monroe Local Schools board the district’s finances are “in line with the forecast” and highlighted a number of items in the January reports: a casino revenue payment received this cycle of approximately $95,000 (the district’s three-year average is about $186,000 per year) and completion of a second bond issue on Jan. 29.
Moore also reviewed tax valuation information that will influence collection year 2025 and reminded board members that current higher tax revenue reflects one‑time settlement and TIF adjustments that will affect comparative figures in future years.
As part of the treasurer’s business, the board revisited an ordinance originally adopted in 2011 that placed 2.03 mills into the permanent improvement (PI) fund. Moore said the district will need to move 0.5 mills from that fund into a maintenance fund to comply with a requirement tied to the Ohio Facilities Construction Commission (OFCC) project. The board approved language refreshing the older resolution to permit that transfer; the motion passed on a 4–0 recorded vote (one member absent with notice).
Moore also reported other items included in the consent packages and routine approvals: acceptance of a $1,000 grant from the Joe Burrow Foundation for mental health awareness, donations including the Monroe Elementary PTO’s gift to add 10 more Clever Touch devices to classrooms, and the district’s plan to reimburse private-transportation mileage at IRS rates.
