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Treasurer reports timing‑driven revenue gains; board approves administrative items and considers TPA switch to save about $10,000
Summary
Treasurer reported revenue variances were primarily timing related (real estate settlement advances), noted 29 days of cash on hand, presented required restricted‑fund expenditure plans, and the board approved multiple treasurer items including requisitions and a resolution to sell property; staff recommended switching the workers’ compensation third‑party administrator to save roughly $10,000.
The district treasurer updated the board on revenues and expenditures and presented several routine but consequential administrative items.
Treasurer’s report: The treasurer said year‑to‑date revenue variances largely reflected timing effects tied to real estate settlement advances; state foundation revenue was reported up about 6 percent year to date. The treasurer noted the district ended March with about 29 days of cash on hand, attributing the level to the timing of advances that typically occur twice a year and explaining why a 60‑day cash target is commonly recommended for school districts.
Restricted funds and requisitions: The board reviewed and voted to approve the Disadvantaged Pupil Impact Aid and Student Wellness and Success Fund expenditure plan required by the state; the treasurer noted these restricted funds must be posted and approved each year. The board also approved requisitions related to adult education scholarships that exceed the board’s $50,000 approval threshold.
Workers’ compensation TPA: The treasurer presented a recommendation to participate in a group rating program with a different third‑party administrator (TPA) for workers’ compensation claims (switch from the current vendor to Sheekly/Shekley, per the transcript) and said the change would save approximately $10,000 because it does not require membership in the Ohio School Boards Association to access group retro rating. The recommendation came with the treasurer’s prior experience working with the proposed TPA.
Property resolution: The board approved a resolution to sell district property that previously failed to sell at auction, allowing staff to proceed with the typical sales process.
What’s next: Routine posting and implementation of the restricted‑fund expenditure plan, execution of requisitions, finalization of the TPA agreement, and steps to complete the property sale resolution.
