Treasurer: district projects $58.8 million in receipts, cautions about special-education reimbursement pool

BRECKSVILLE — At the May 20 meeting of the Brecksville-Broadview Heights City Board of Education treasurer Greg presented updated fiscal figures for the 2025–26 year and explained how state reimbursements for high-cost special-education placements are allocated.

Greg said projected receipts are $58,800,000 and projected expenditures are $58,500,000, a year-over-year net increase of roughly $400,000. He noted the district is carrying about 122 days of cash at the end of April and that overall revenues were up about $800,000 year over year — largely because of a roughly $600,000 payment from the county auditor tied to reappraisal and favorable investment interest amid steady Fed rates.

On expenditures, Greg said the district sits approximately $258,000 over forecast, driven principally by a roughly $136,000 increase in salary costs year over year and higher purchase-services spending. "Salaries are about $136,000 year over year increase," he said.

Greg also described the district's submission for catastrophic-cost reimbursement for high-cost special-education students. He said districts submit aggregated costs to the state and the money is distributed as a percentage of the total pot; based on his recollection the statewide pool discussed in the meeting is about $90,000,000, and that figure means per-district payments can vary depending on the number and total cost of filings. "We submit all of that to the state in a large aggregate number ... and then we get a percentage of that back," he said.

Greg characterized the district's audit as successful and said staff will continue to monitor cash flow and potential impacts if federal interest-rate or state reimbursement conditions change.

The board acknowledged the report and proceeded to business; no formal vote was required for the treasurer's presented forecasts.

Sources: Treasurer update to board (May 20, 2026).