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Treasurer reports improving cash trends, Moody outlook; legislative funding still uncertain
Summary
Ravenna City istrict treasurer told the board the district waits confirmation of state funding after line-item vetoes but reported favorable expenditure reductions, higher cash balances versus last September and an anticipated Moody rating improvement later this fiscal year.
The Ravenna City treasurer gave a financial update noting continued uncertainty around state funding but generally favorable district trends.
The treasurer said the governor nd later legislative actions produced line-item veto activity that left several funding items unresolved; the district is awaiting confirmation before amending its financial forecast. The treasurer reported the…
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