Tipp City board signs supplemental tax rates, hears $17M cash balance and advances athletics funds; special budget meeting set

Tipp City Exempted Village Schools trustees signed supplemental tax-rate certificates from the Miami County Budget Commission, heard a monthly financial report showing roughly $17 million in cash balances tied to construction and general funds, and approved short-term finances to cover athletic activity accounts.

Treasurer Steven reported that the district—s cash position is strong and cited interest receipts, refunds from the 2020 fiscal year and a State Employee Retirement System repayment that improved revenues. He told trustees the general fund and construction-related balances total about $17,000,000 as of Aug. 30.

Because voters approved a renewal emergency levy on May 6, the Miami County Budget Commission asked the district to adopt supplemental rate certificates; the board moved and unanimously approved the certificates and signed the documents. Treasurer Stevens said the district will revisit tax rates again in March 2026 when the regular rate-setting occurs.

The board also approved a $15,000 advance from the general fund to the high-school athletic fund to prevent a negative balance pending revenues from season-pass and other athletic receipts. Trustees discussed that pass revenues currently post to the high-school fund and asked staff to consider a revenue-allocation method so the middle school receives a share of pass-related receipts.

Stevens reminded the board that the statutory five-year forecast and the 2026 budget must be submitted by the end of September; trustees agreed to hold a short special meeting at 5 p.m. on Sept. 30 to finalize those items.

All budget-related motions passed unanimously; board members did not record any dissenting votes during these items.