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Lakewood treasurer reports clean FY2025 audit; board reviews appropriations, investments and contract items
Summary
Treasurer Roadie told the board the district received an unmodified (clean) audit opinion for fiscal year 2025; the board also reviewed April investment earnings, updated tax-rate resolution to reflect a 6.9-mill levy, and discussed several contracts including a $146,112 HVAC contract and vendor agreements for transportation and food-safety services.
The Lakewood City School District reported a clean financial audit for fiscal year 2025 and reviewed budget and contracting items during its June 1 meeting.
Treasurer Roadie said the Ohio Auditor of State issued an unmodified (clean) audit opinion for fiscal year 2025, with no material weaknesses, no significant deficiencies and no compliance findings. The audit included one repeat recommendation in the management letter: the auditors suggested the district consider adding a 5–10% salvage value for depreciable capital assets and perform a periodic district-wide physical inventory to ensure capital-asset records accurately reflect assets that remain in active use.
On finance, board member Mr. Callahan reported April investment earnings of $192,994 and year-to-date investment earnings of $2,215,255. He described general-fund receipts and expenditures for April and a favorable variance of $451,694 compared with the five-year forecast; appropriations for fiscal year 2027 were presented to align with the updated five-year forecast.
The board reviewed contract items including a three-year Bluebird Fiber agreement to replace Everstream as a second dedicated internet provider (the district estimated $5,400 in savings over three years), and a Brewer Garrett Company award for HVAC preventive maintenance and building automation support at an annual cost of $146,112. The meeting packet also listed transportation services agreements (ODS Transportation and Auxilio Services) and an Innovative Solutions Group SFS PAC food-safety and sanitation program for $18,180.
Board members discussed the tax-rate resolution required by the county budget commission and an update to reflect a 6.9-mill levy passed in May 2026; the treasurer said the updated resolution must be submitted to the county budget commission by mid-July per Ohio Revised Code timelines.
The board indicated approval votes on personnel and certain one-reading items were taken and that many of the contract approvals would return for final action at a later meeting or as required by statute.
