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Treasurer reports $22M balance and $4M transfer; board appropriates $800,000 for roofing plan
Summary
The treasurer reported roughly $22 million in district funds, explained a $4 million transfer to the permanent-improvement fund, and the board discussed and approved appropriating $800,000 to advance a multi‑year roofing project; administration described proposals and procurement steps.
The district’s treasurer told the Cuyahoga Heights Board of Education on Jan. 7 that the school system began the fiscal year with roughly $22 million in funds and reviewed the cash summary, investments and budget-vs.-actual reports.
During the financial presentation the treasurer explained a transfer of $4,000,000 from the general fund into the permanent-improvement (PI) fund that the district executed to protect cash reserves in light of recent legislative changes to carryover limits. “We started the year with approximately 22,000,000. We're right around approximately 22,000,000 as well,” the treasurer reported.
As part of capital planning, administration asked the board to appropriate $800,000 from PI to fund the next phase of a roofing program; the board approved the consent and appropriation items in the organizational-consent vote. Superintendent Matt Young described phase-two work and said two proposals in the competitive review were approximately $720,000–$740,000. Young said the district is working with the Ohio Schools Council and a cooperative (AEPA/Tremco) to verify scope and pricing before returning with a contract.
The treasurer also highlighted routine budget movements: minor increases to scholarship and athletic funds and a large encumbrance for food-service blanket purchase orders. Administration reported a modest Ohio Attorney General school-safety grant (~$3,341) to refresh security cameras; a separate project-based grant (cap $40,000) remains pending state approval.
What happens next: the board authorized appropriations to allow staff to finalize procurement documents; any final contract will be brought to the board for approval after the county confirms appropriations and staff completes vendor review.
