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Kenston treasurer: five‑year forecast shows modest near‑term surplus, cash balance declines by 2028 absent new revenue
Summary
Treasurer Seth Kales presented the district’s five‑year financial forecast projecting small surpluses through 2026 then structural deficits starting in 2027; he flagged enrollment declines, rising benefits costs and legislative uncertainty as key risks.
Kenston Local School District Treasurer Seth Kales told the board on Oct. 13 that the district expects modest surpluses this year and next but will likely begin drawing down general‑fund cash beginning in fiscal 2027 unless revenues change or expenses are reduced.
Kales said the district finished the prior year with a $705,000 surplus and is projecting about $346,000 in surplus for the current fiscal year; he said those results add roughly $1 million to the district’s cash balance across two years. The presentation showed revenues (blue) and expenditures (orange) with projected deficit spending after 2026, and a declining “days cash on hand” metric that would fall below the district’s…
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