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Vermilion Local board hears June finance report; investments up about $301,000 year over year
Summary
At its July 8 meeting the Vermilion Local School District board heard a June finance report showing $25.6 million in general-fund revenue and $649,637.91 in investment earnings through June, roughly double last year’s investment returns, officials said.
The Vermilion Local School District Board of Education reviewed its June financial report at a regular meeting on July 8, 2024, hearing that general-fund revenue for the district was $25,600,000, up from $25,100,000 the prior year, and that investment earnings through June totaled $649,637.91 compared with $348,548.15 for the same period last year.
A staff member presenting the report said the district’s all-funds totals and cash balances showed modest increases. The presenter noted an additional $301,000 in "teacher's earnings" (as reported in the meeting transcript) and cited Medicaid-related adjustments and other year‑over‑year variances.
The report also included a line for an operating cash balance comparison (the transcript lists $403,000 versus $416,000 the previous year and $391,000 in 2022) and referenced combined fund balances. The presenter closed the finance remarks by reviewing investments and describing the district’s earned income for the period.
The finance presentation was part of a consent‑agenda package read aloud later in the meeting that included routine approvals; the meeting then moved on to staffing and other items. The board also moved to adjourn into executive session later in the meeting to discuss personnel matters under Ohio law.
