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Treasurer: Strongsville fiscal report shows ~$7M year‑to‑date spenddown; grants and appropriations updated
Summary
Treasurer George reported revenues of about $39.7M and expenditures of $46.7M through Dec. 31, 2025 (a roughly $7M spenddown); he reviewed forecasts, investment laddering, interest income and several small grant approvals and appropriation amendments.
Treasurer George presented the district financial report for the month ended Dec. 31, 2025 at the Jan. 22 board meeting, reporting revenues of roughly $39.7 million and expenditures near $46.7 million through the first half of the fiscal year — a net spenddown of about $7 million through December.
George reviewed forecast comparisons, noting the district’s five‑year forecast and month‑by‑month trends. Salaries and benefits are roughly on target (about 49% of the budget at midyear), while purchases and capital outlay reflect timing differences. The treasurer reported a month‑end cash balance in the low‑$40‑million range and a projected ending cash balance near $38.6 million (about 40% of projected 2026 expenditures), and he cautioned about managing cash through seasonal low points that require careful timing of investments and liquidity.
The treasurer also reviewed the district’s investments (documenting amounts laddered in METR and STAR Ohio), interest income allocations by fund, and noted that the district will file its forecast with the Ohio Department of Education on Feb. 1 per new timeline changes. He highlighted that some favorable variances (about $1.4M in revenues) reflect state transportation and performance bonus adjustments received after the forecast.
Separately, the board approved several small grant items and related appropriation amendments including a $500 ODNR grant for middle‑school archery equipment, a $6,000 Strongsville Elementary library book grant funded via local donors, SHAPE conference funding for a staff member, and other smaller awards. The treasurer said appropriation amendments were included to account for grant revenues and federal reallocations.
Board members asked for and received explanations on cash‑flow timing, interest income, encumbrances and the status of projects funded from the district’s $0.70 fund.
