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Treasure27s report: tax budget filed, fiscal 2024 audit completed, PI levy funds arriving this year
Summary
The treasurer briefed the board on the annual tax budget submission and hearing schedule, the recently completed fiscal year 2024 audit and the timing for receipts from the district27s permanent improvement (PI) levy. He also described SCView upgrades to purchasing and mileage processing.
The Kenston Local Schools treasurer presented the district27s tax budget and related finance items at the Jan. 13 meeting, saying the budget will be submitted to the Geauga County Auditor and that the tax budget hearing is tentatively scheduled for Feb. 19, 2025.
Treasurer Bill (last name not specified in transcript) summarized that the tax budget estimates revenues and expenditures across the general fund and federal funds and serves as a starting point for next year27s appropriations. He reviewed outstanding bond schedules, noted the district27s five-year forecasts and said the recently completed fiscal year 2024 audit will be posted to the new district website when available.
On the district27s permanent improvement (PI) levy, the treasurer said the district expects to receive roughly half of the levy27s annual $1.2 million (about $600,000) in the current fiscal year through settlement payments, with full-year receipts reflected in fiscal year 2026. The treasurer said the district will publish proposed PI project recommendations in February and provide transparency on expenditures and completion status.
The treasurer also reported on the district27s continued rollout of SCView modules for procurement and reimbursements. New functionality will allow staff to submit mileage requests integrated with Google Maps and route verification, feed approvals through financial workflows and reduce manual processing.
The treasurer said the fiscal year 2024 audit concluded well and that the district will post the 192-page report to the district website. Board members asked clarifying questions and thanked staff for progress on finance systems and transparency.
