Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
North Ridgeville City Schools forecast shows roughly $1.8 million surplus for FY25; board adopts November five-year projection
Summary
District staff presented the November 2024 five-year forecast showing projected FY25 general fund revenue of about $58.08 million, projected expenditures of about $56.30 million and a roughly $1.8 million surplus; the board approved the forecast and related finance reports by roll call.
A district staff member presented the North Ridgeville City Schools' November 2024 five-year forecast on Tuesday, telling the board the model projects roughly $58.08 million in general fund revenue for fiscal year 2025 and about $56.30 million in expenditures, leaving an estimated surplus of about $1.8 million for the year.
The presenter described the forecast as the administration's "road map," prepared from three years of historical data and five years of projections, and said real estate-related property tax revenue — including local…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
