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Treasurer: district cash balance high after fall receipts; tax-budget timeline set for January
Summary
Treasurer reported an unreserved general-fund balance of about $39.7 million (cash balance $47.6 million as of Oct. 31), said the district has enough cash to operate ~170 days (142 after encumbrances), and outlined deadlines to file the FY26–27 tax budget with public availability beginning Dec. 18 and an organizational meeting Jan. 10, 2026.
The district treasurer told the board the general-fund beginning balance on July 1 was $31,200,000 and that, after October receipts and expenditures, the cash balance at Oct. 31 stood at $47,600,000. The treasurer reported the district’s unreserved balance was about $39,700,000, which the administration summarized as enough cash to operate approximately 170 days; after encumbrances the unreserved cash equates to about 142 days of operations.
The treasurer also reviewed the modified tax-budget timeline required under the Ohio Revised Code: the district plans to make the tax budget available to the public (administrative offices) beginning Dec. 18; an advertisement in the Cincinnati Enquirer will announce availability on Dec. 12; the required budget hearing will be held immediately before the organizational meeting on Jan. 10, 2026; after board approval the tax budget will be filed with the county auditor before the Jan. 20 deadline.
On capital spending, the treasurer said the district has paid $3.8 million of the revised $4.6 million summer projects budget and that roughly $254,000 remains with final sign-offs pending. The treasurer also highlighted TIF receipts and semi-monthly state-aid receipts.
