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Treasurer reports nearly $39.9M in cash, notes state tax bills under review and transfer of fiscal-agent responsibilities
Summary
Treasurer reported total cash balances just under $39.9 million, flagged a $585,000 county refund and bus payments in October, noted the Suburban Health Consortium fiscal-agent role moved to Brecksville-Broadview on Oct. 1, and said several state bills (transcript references to HB 129, HB 309, HB 335) are being monitored.
The district treasurer presented the monthly financial report on Nov. 10, reporting total cash balances just shy of $39,900,000 and a general fund balance of approximately $26,800,000.
The treasurer said October revenue included just over $1,000,000, which incorporated about $348,000 in unrestricted state foundation payments and a $585,000 refund of prior real-estate assessment fees returned from Cuyahoga County after a reappraisal cycle. Expenditures for October were higher than usual due to payment for three new buses.
The treasurer also noted that the Suburban Health Consortium fiscal-agent duties transferred to Brecksville-Broadview Heights High Schools effective Oct. 1 and that the district has set a records-commission meeting window (to be scheduled) as required by statute. The treasurer discussed investment liquidity, noting movement into the State Treasurer's STAR Ohio account and other short-term placements.
On state legislation, the treasurer said several bills are in committee and could move before Thanksgiving; the transcript references a set of house bills (transcribed as House Bill 129, "NYE 6 or more", House Bill 309 regarding expanded Budget Commission authority, and House Bill 335 addressing inside millage growth limits). The treasurer said the district is monitoring potential impacts but did not identify a direct immediate local fiscal change stemming from those measures.
Board members asked follow-up procedural questions (records commission timing, investments) and thanked staff for the report.
