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Tipp City Exempted Village board adopts FY26 permanent appropriations and five‑year forecast projecting modest surplus
Summary
The Tipp City Exempted Village School District board approved fiscal year 2026 permanent appropriations and adopted a five‑year financial forecast that projects positive cash balances through 2030 and a modest net income in FY26, while warning expenses could rise faster than revenues.
The Tipp City Exempted Village School District board at a special meeting on Oct. 1 approved FY26 permanent appropriations and adopted a five‑year forecast that projects modest positive cash balances through 2030.
Mister Stevens, who led the fiscal presentation, called the appropriations filing “just an annual requirement,” and explained the district must file permanent appropriations with the county auditor after approving temporary appropriations in June. He told trustees the county auditor directed the district to stop accounting separately for Fund 016 (the emergency levy fund) and to consolidate it into the general fund. Stevens said $291,000 remains in Fund 016 as a cash balance and that future emergency levy revenue will flow into the general fund.
Stevens presented the five‑year forecast included in the board documents and described several trends: the forecast shows no renewal levies in the next five years because the district’s recent emergency levies were renewed with multi‑year terms; it projects positive cash balances through 2030 and a modest net income in fiscal year 2026. He summarized prior results, saying the district posted a net loss of about $737,000 in 2023 and about $1,200,000 in 2024 (Stevens said those figures include a transfer related to the health insurance fund), with a much smaller loss of about $14,000 in the most recent full year; the forecast anticipates roughly a $260,000 increase this year.
Stevens cautioned that the forecast assumes flat revenues while expenses rise, noting the district’s general fund is funded roughly 65% by local tax revenue and 35% by state revenue. He also told the board the outcome of several state tax proposals under consideration could affect local revenues.
Board members approved the permanent appropriations motion (moved by Mister Means; seconded by Mister Thompson) by unanimous roll call. They then approved the five‑year forecast (moved by Mister McMurray; seconded by Mister Johnson) by unanimous vote.
The board’s action formally sets appropriations for FY26 and records the forecast for planning; trustees did not direct additional policy changes during the meeting. The board then moved to other agenda items.
