Trotwood-Madison board approves year-end transfers, amended appropriations and multiple personnel items

The Trotwood-Madison City Schools Board of Education voted unanimously on June 25, 2025, to approve year-end financial moves including temporary advances and permanent transfers, adopt amended appropriations for the fiscal year ending June 30, 2025, and adopt a starting permanent appropriation resolution for fiscal year 2026. The board also approved personnel actions, including a public-notice resolution to reemploy an instructional coach who had retired.

The board’s treasurer reviewed the district’s May financial reports and a set of recommended advances and transfers. The treasurer told the board the district’s bank statement balance was $7,710,615.24 and investment balances totaled $19,653,472.72, with vendor checks and adjustments of $99,736.34, yielding an adjusted district balance of $27,264,351.62. The treasurer reported the district ran a $1.7 million deficit for May and a year-to-date deficit of about $3.3 million, saying the district “is spending more than what we received.”

To close out FY2025, the treasurer asked the board to approve temporary advances to grant and special funds so those accounts would show nonnegative balances when…