Trotwood-Madison board hears fiscal alert and describes staff reductions; treasurer reports $1.28M deficit

The Trotwood-Madison City School District board received an update on the district’s finances and recent staff reductions at its March 5, 2026 work session.

Treasurer Miss Adams told the board that the district’s total bank and investment cash balance was $22,500,289.16 and that the adjusted balance — after subtracting outstanding vendor checks — was $22,147,647.45. “We are currently deficit spending this school year, right now, dollars 1,284,237.6,” she said, drawing attention to line 6.010 on the spending plan that shows excess revenue and other financing sources.

Superintendent Mister Howard described difficult personnel decisions made in recent weeks. He said the district met with representatives of the teachers’ union and prepared individualized folders for employees affected by reductions in force that included state letters, reduction-in-force notices, citations to the revised code and lists of support resources. “We are dealing with some circumstances that are out of our hands,” he said, adding that county superintendents have contacted the district about vacancies for displaced employees.

Howard said the district will continue to review options and that finance-committee conversations will continue; Miss Adams said January and February financial statements were left off a prior agenda and will be brought to a future meeting for approval.

The board did not adopt additional budget actions at the meeting; members asked for continued updates and staff said they would return with further details at upcoming meetings.

What’s next: The finance committee will continue review of the spending plan and the board will consider approval of January and February financial statements at a future meeting.