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Mt. Healthy board approves Financial Recovery Plan, adopts budget controls and transportation reductions
Summary
The Mount Healthy City School District board on July 21 approved a Financial Recovery Plan package that includes updated budget forecasts, new procurement controls through a Strategic Solutions (SCU) tool, lease of the Early Learning Center and a move to state-minimum school transportation that the district says will save roughly $900,000 annually.
The Mount Healthy City School District Board of Education voted July 21 to approve a Financial Recovery Plan (FRP) package that trustees and staff say aligns the district’s budget, purchasing policies and operating practices with the commission’s requirements.
Treasurer Chuck Soule presented the district’s June close and an FRP workbook showing an FY25 fund balance and current encumbrances. Soule told trustees the district closed the year with a fund-balance figure that, after encumbrances, left about $669,083 unencumbered and that staff identified approximately $1.8 million in large-year-end encumbrances that will be analyzed and reconciled.
“Once we identify where that is actually at, we'll be able to do one of two things: present that as a one-time adjustment or make the adjustment depending on what fiscal year it really falls into,” Soule said, describing reconciliations and adjustments drawn down to object codes and…
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