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Kenston treasurer projects surplus this year but deficits beginning 2027; board approves five‑year forecast
Summary
Kenston Local Treasurer presented the district's five‑year financial forecast showing a small surplus this fiscal year, a projected return to deficit spending beginning in 2027, and a recommendation that the district consider an operating levy later in the forecast period. The board voted to approve the forecast and several routine financial and HR
Kenston Local Treasurer presented the district's five‑year forecast during the Oct. 13 board meeting, saying the district closed last year with a $705,000 surplus, expects roughly $346,000 positive this fiscal year, but projects deficit spending beginning in fiscal 2027 that would reduce the general fund cash balance in subsequent years.
Why it matters: the forecast informs staffing, curriculum purchases, and whether the district must seek additional revenue through a local operating levy. The treasurer said the district has gone 16 years since its last operating levy and that the recently passed PI (permanent improvement) levy reduced pressure on the general fund…
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