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Treasurer says district projects $58M in revenue, records one‑time county reimbursement and plans PBM change

Brecksville-Broadview Heights Board of Education · November 20, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Treasurer Craig reported projected FY26 receipts of a little over $58 million and a $966,000 favorable variance; he said a nearly $600,000 county reimbursement boosted October receipts, the district transferred $3 million from savings to cover payroll and bond payments, and the consortium will switch pharmacy benefit managers to SmithRx in January.

At the Nov. 19 meeting Treasurer Craig presented the district’s October financial report, saying projected total revenue for fiscal 2026 is just over $58 million and the current forecast shows a $966,000 favorable variance. Craig told the board the district received a large, unexpected reimbursement — nearly $600,000 — from the county auditor’s office tied to the sexennial property reappraisal, which contributed to…

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