Granville board hears finance update; cash balance down $5.3 million from last February

A district finance staff member told the Granville Exempted Village School District board on March 16 that the district’s cash balance is about $5.3 million lower than it was in February of the prior year, a decline the staff member attributed primarily to the timing of the property tax settlement between February and March.

The staff member said year‑to‑date revenue largely aligns with last year, noting a roughly 13% increase in local income tax receipts that was discussed in an earlier forecast. Expenditures for February tracked prior year line‑by‑line; the staff member cited routine base salary step increases and higher purchased‑service costs in custodial, special education and utilities.

On capital projects, the board was told contracts for air handlers three and four were approved at a previous meeting with work planned for next summer; related payments will show up later when construction begins. The board was also reminded the district has installed an overdose‑reversal kit (Narcan) and that some technology purchases—including a Bitmotion firewall—are e‑rate eligible, with staff estimating roughly 40% federal reimbursement for that purchase.

No formal action was required on the finance update; the board proceeded to vote on separate policy and contract items later in the agenda.