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Mt. Healthy board approves analytical reports and financial recovery plan workbook aimed at eliminating projected deficits
Summary
The Mt. Healthy City Board of Education unanimously approved analytical reports and a financial recovery plan workbook that incorporate about $1.72 million in reductions and forecast positive balances for FY27 and FY28, while leaving levy revenue and future teacher pay decisions for a later date.
The Mt. Healthy City Board of Education on a unanimous vote approved a suite of analytical reports and a financial recovery plan workbook intended to eliminate projected deficit spending in the district.
Board presenters said the analytical reviews—covering student–teacher ratios, contracted services, purchase services, supplies and capital—identified specific operational reductions and improved cost controls. The district reported that implementation of previously recommended performance-audit items has produced about $13.6 million in cumulative savings to date.
The analytical reports flagged seven teaching positions as potential reductions tied to declining enrollment; presenters stressed those positions have been identified but not yet implemented because contractual and collective-bargaining notifications are required. Presenters also reported a projected reduction in purchase-services spending from roughly $13.8 million in FY26 to about $11.934 million in FY27, attributed to negotiated lower rates, elimination of duplicate vendors and tighter requisition controls.
In the FRP workbook update, the district showed the required forecast adjustments after plan items were applied: FY27 moved into positive balance (presenters cited roughly a $2 million positive position for FY27) and FY28 was updated to a $297,889 positive balance. Presenters emphasized the forecast does not include levy revenue and that teacher pay increases or step movement were explicitly excluded in the calculations; district staff said teachers remain on a pay freeze for the current and next year.
Board Treasurer Miss Yansancy presented the cash summary and reconciliations, noting an overall fund-balance figure that matched the general-fund reconciliation at $10,791,457.26. She said the office is investigating a small bank-minus-books variance that likely relates to payroll entries and is delegating reconciliations across her team to improve continuity.
The board voted to approve the analytical reports and the FRP workbook and narrative. Chair called for the vote and Miss Anderson, Miss Bryant, Miss Butler, Mr. Frasier and Mr. Kilgore each recorded "yes."
What happens next: district officials said the financial plan and identified reductions should remove FY27 and FY28 deficit spending in the forecast but that additional revenue—specifically passage of the pending levy—would be required to sustain programming and to return to competitive teacher compensation in future years.
