Board reviews December investment report and five‑year forecast timing as treasurer warns of timing gaps
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Summary
Treasurer reported roughly $23 million in cash across funds but noted a temporary low in the general fund and cautioned that the February five‑year forecast will be timing‑constrained by first‑half tax collection schedules and outstanding reimbursement timings.
The Cuyahoga Falls City School District board received a December investment schedule and monthly spending report on Jan. 28 and approved the consent item by roll call.
The treasurer told the board the district had about $23,000,000 in cash across all accounts but cautioned that timing differences among funds can give the appearance of thin cash in the general fund. At the midway point in the fiscal year the treasurer said interest income looked healthy ("a little over $1,000,000" overall for the period discussed) but noted about $250,000 of that was in the general fund and that a short‑term negative balance (roughly $33,000) could appear in monthly reporting due to typical cyclical timing.
District staff previewed the five‑year forecast, which is scheduled for presentation at the board's second February meeting. The treasurer and board members discussed several forecasting constraints: first‑half property‑tax collections (bills mailed by the county are due late February), final settlement and delinquency data that typically arrive in April, and insurance renewals that are not finalized until April. Those timing gaps mean the February forecast will be less complete than the May forecast and staff warned some figures will remain estimates until later settlement data are received.
Board members also discussed county budget commission involvement in levy certifications and the practical need for districts to prepare forecasts even when some inputs are pending. The board approved the investment schedule and monthly report by roll call.