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Kenston treasurer: five-year forecast shows short-term surplus, deficits start in 2027; levy timing highlighted
Summary
Treasurer Seth Kales presented the district's five-year forecast, reporting a modest surplus through 2026 after which projected deficit spending begins in 2027; officials said a PI levy reduced pressure on the general fund and identified 2028'29 as the window to plan for any operating levy.
Kenston Local School District Treasurer Seth Kales delivered the district's five-year financial forecast during the Oct. 13 meeting, telling the board the district expects a small surplus in fiscal 2026 before resuming deficit spending in 2027 and beyond and recommending early planning for any operating levy.
Kales said last year's operations produced a $705,000 surplus and the forecast projects a $346,000 surplus for the current fiscal year, which together add roughly $1 million to the district's cash balance. He estimated the district's projected ending general-fund cash balance for June 30, 2026, at about $9.39 million. "We were deficit spending for a couple of years, and last year we had a surplus of…
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