Finance report: fiscal year closed, carryover at 42.9% and grants approved

District finance staff presented the year-end financial report and a near-term budget outlook, reporting the fiscal year closed on July 1 and fiscal-year 2026 has been opened. On the month of June the report listed general fund revenues of $1,117,000 and interest earnings of $94,798; staff reported a current general fund balance of $10,988,862 and an available cash balance of $10,649,928.

"To date, we have received $1,248,258 on interest for land that we financed for the construction project," the clerk reported when describing interest and construction-related earnings. The clerk also noted total expenditures for the year were $25,102,000 and the district ended the year with a carryover-to-expenditures ratio of 42.9%.

Why it matters: The board discussed a financial-outlook meeting planned for August to review state-level developments (including possible property-tax changes) and how they may affect the district. Staff cautioned that some federal grant allocations remain uncertain and that ECE funds for early childhood had increased to a maximum per-child allocation that could total up to $170,000 for the district.

Board actions: The board approved initial state and federal grants for FY26 (subject to allocation adjustments), authorized a GAAP-conversion contract with JL Yuri and Associates and approved paying annual Ohio Coalition equity/adequacy dues ($742). The board also voted to waive athletic admission fees for all current pre-K–12 students for the 2025–26 regular-season home athletic events; staff reported athletic revenue increased from approximately $113,000 to $129,000 year-over-year.

Next steps: Staff will convene a financial-outlook session in August for board members to review state-level policy changes and refine projections; staff will monitor federal grant allocations and report final grant amounts to the board.