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Trotwood‑Madison board approves 2026–27 collection rates, amended appropriations and February financial reports
Summary
The Trotwood‑Madison City Schools Board approved tax‑collection rates for tax year 2026–27, amended appropriations related to Salem Christian Academy, and the district's February 2026 financial reports; the treasurer reported a net recovery of about $296,000 from excess cost reimbursements.
The Trotwood‑Madison City Schools Board of Education on March 18 approved the district's tax collection amounts and rates for tax year 2026–27, voted to accept amended appropriations reflecting a recent payment from Salem Christian Academy, and approved its February 2026 financial reports.
Miss Adams, the district treasurer, told the board the collection rates and the required resolution were included in the meeting packet and asked members to authorize the county auditor to collect levies on the district's behalf. The board moved, seconded and approved the item by roll call.
In presenting the financial reports, Miss Adams reviewed three documents: the cash reconciliation (bank and book balances), the checks‑over‑$1,000 list, and a cash‑summary spending plan that compares February spending to the district forecast. She noted some timing issues that can look like duplicate payments — citing Rumpke as an example — and said the finance committee had reviewed the items earlier the same evening. "We noticed that... we've gotten a little behind in some of our payments," she told the board.
The board also approved amended appropriations to reflect receipt of the district's most recent payment for Salem Christian Academy.
Separately in her comments, Miss Adams reported progress on excess cost reimbursement work: the district paid out just over $170,000 to other districts this cycle but recovered just over $467,000, a net positive of about $296,000 compared with the prior year when the district was about $138,000 in the hole. "So this year, we brought in, about $296,000 more than we paid out," she said.
The meeting record shows the routine motions and votes were carried by the board; members cast affirmative votes during roll call. No specific collection‑rate numbers were read aloud at the meeting and are noted in the board packet as an attachment not quoted in the transcript.
The board's approvals keep the district on schedule for year‑end accounting and for the county auditor to process collections.
Next steps: the treasurer said she would sign and transmit the resolution to the county auditor after the meeting and continue work on threshold cost reimbursement procedures.
