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East Cleveland board approves alternative tax budget, accepts November financial report
Summary
The East Cleveland City School District board unanimously approved its alternative tax budget for fiscal year 2025–26 and accepted the November 2024 monthly financial report, with the treasurer to file the budget with the county by Jan. 20 under Ohio law.
The East Cleveland City School District Board of Education on Jan. 13 unanimously approved the district's alternative tax budget for fiscal year 2025'26 and accepted the monthly financial report for November 2024.
At a public presentation required under Ohio Revised Code —705.281 (Substitute House Bill 129), the district's treasurer reviewed Schedule 1 (division of taxes) and Schedule 2 (statement of fund activity). The treasurer told the board and the public the district projects an unencumbered general-fund carryover from FY25 into FY26 of approximately $26.19 million, estimated property-tax receipts of about $8.46 million, total general-fund resources of roughly $66.85 million and estimated general-fund expenditures of about $45.36 million, leaving an estimated carryover into FY27 near $21.49 million.
"This alternative tax budget is based on Ohio Revised Code section 5705.281 under Substitute House Bill 129. I am required by law to file with the county fiscal officer on or before January 20th of each year the alternative tax budget for the next fiscal year," the treasurer said during the presentation.
The board moved to approve the budget so the treasurer can file it with the county budget commission. The motion carried on a roll-call vote; all voting members recorded "yes." The board also voted to accept the district's November financial report.
The treasurer also reviewed special revenue and federal grants, noting preschool-related local grants (fund 439) of roughly $425,000 and federal Title I funding in the $2.8'$2.9 million range. Capital projects funds were reported at about $759,000 with a plan to spend a portion and carry a balance into FY27. The treasurer flagged carryovers related to nonpublic partners that have not spent allocated federal funds, which affects the district's carryover calculations.
Next steps: the approved alternative tax budget will be filed with the county fiscal officer by Jan. 20, and the item will appear on the regular board agenda for formal ratification as required.
