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Talawanda treasurer warns of statewide tax changes, federal funding uncertainty that could affect district budget
Summary
District treasurer reported a stronger-than-expected fiscal year close but flagged pending state tax proposals and withheld federal K–12 funds that could reduce future revenue; the board discussed forecast timing and a temporary fund transfer used while grant reimbursements are pending.
Talawanda’s treasurer told the board on July 9 that the district closed fiscal year 2025 close to its May forecast but faces uncertainty from state-level tax proposals and federal funding actions that could change revenue in coming years.
The treasurer said the district ended FY25 roughly $426,000 better than its May forecast after a $359,000 positive variance in revenue — including a Medicaid reimbursement that arrived early — and expense variances of about $66,724. The report noted $295,430 of encumbrances did not become actual expenses and that the district performed a fund-to-fund advance while awaiting federal reimbursement for…
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