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Treasurer reports nearly $45 million in cash, files 5‑year forecast and flags Cuyahoga County refund
Summary
The treasurer reported a total cash balance just shy of $45 million, highlighted a $628,000 expected refund from Cuyahoga County, and presented the district’s 5‑year forecast, which the board approved for filing with the state.
Missus Blackley, the district treasurer, presented the monthly financial reports on Oct. 13 and said the district’s combined cash balance (excluding the suburban health consortium) is “just shy of $45,000,000,” with approximately $31.5 million in the general fund and about $1.1 million in the permanent improvement fund (roughly $893,000 of that available for use).
The treasurer explained revenue and expenditure pacing: revenues were about 44.3% of estimates and expenditures about 23.8% through the reporting period, noting that property-tax receipts arrive in large chunks and that salary and benefit increases will increase expenditure pacing later in the fiscal year.
Blackley also told the board the district is due to receive approximately $628,000 from a Cuyahoga County refund of excess assessment-district collections; about $575,000 of that is expected to be allocated to the general fund and the remainder to other taxing funds. She said that the treasurer’s office will include that amount in the next forecast update.
The treasurer emphasized the need to file the 5‑year forecast with the Ohio Department of Education and Workforce by Oct. 15; the board approved the forecast and associated monthly reports and donation on a roll call vote.
Next steps: The district will include the county refund in upcoming updates to the forecast and report changes to the audit/finance committee and board as part of the regular financial-review schedule.
