Amanda-Clearcreek board approves financial reports and February forecast; treasurer flags multi-year revenue uncertainty from state tax changes
Loading...
Summary
Board approved the January financial report, a purchase order for district insurance, and the February forecast after a discussion of state property-tax legislation that could reduce revenues by roughly $4.6 million across 2027''030 under certain scenarios.
The Amanda-Clearcreek Local School District Board approved the treasurer's January financial reports, a purchase order to the South Central Ohio Insurance Consortium and the February forecast after discussion of recent state legislation and its potential impact on district revenues.
The treasurer reported January figures including interest earnings (reported at about $59,020), a current general-fund balance of $10,151,709 and an available cash balance of $8,031,431. A construction closeout hold of approximately $103,000 remains until final invoices are processed, and weight-room equipment is scheduled to arrive in April, the treasurer said.
A motion to approve the financial reports was made and approved by roll call. The board then approved a purchase-order payment to SCLIC (described in the agenda as about $313,000) for insurance costs; the treasurer explained a line-date entry error that required the purchase order to appear on the agenda.
In a separate presentation the finance staff walked the board through the required February forecast and the effect of four recently passed state legislative pieces affecting property-tax treatment and state reimbursement. The treasurer and presenters modeled scenarios and explained that timing of reappraisals and the new statutory treatment could depress revenues in fiscal years 2027'030. Using the consultant's models and the district's valuations, staff estimated a potential $4.6 million revenue loss over fiscal years 2027''030 under the scenario they displayed. The treasurer noted that the district's current position is manageable but weaker than earlier forecasts, and emphasized uncertainty tied to future valuations and inflation caps.
The board approved the February forecast by roll-call vote. Members asked follow-up questions about restricted-state aid lines, other operating revenues and the assumptions embedded in the forecast. The treasurer said she will customize future forecast reports to make the changes clearer for the board and pointed to a scheduled visit by the district's state representative on March 4 to discuss legislative impacts.
Other approved agenda items included personnel consent items (noting retirements for David Henning, director of special services, and Theresa Timmons, bus driver), a resolution to join the Ohio High School Athletic Association for 2026'027, and approval of an FFA spring field trip to Lewisburg, W.Va. The board also completed second reading of policy updates (including cybersecurity policy discussion) and approved staff leaves without pay as listed.
What it means: The board completed routine financial and personnel business while acknowledging that changes in state law increase multi-year uncertainty for district revenues; staff will continue to refine forecasting and engage with state representatives and associations.
Next steps: Finance staff will provide updated, clearer forecast pages at a future meeting and continue negotiations and communications relating to union contracts and revenue assumptions.
