Board approves May financial reports, year-end advances and temporary 2027 appropriations; treasurer reports two refunds

The Trotwood-Madison City Schools board approved several routine financial actions at its June 25 meeting: acceptance of May 2026 financial reports, a resolution to advance and transfer funds to avoid negative balances at fiscal year end, amended appropriations to reflect those moves, and temporary appropriations for fiscal year 2027 (set at 35% of last year’s spending to allow July purchasing). Each item was moved, seconded and approved by roll call.

Treasurer Miss Adams told the board the district’s accounts were reviewed by the finance committee and noted items in the checks-over-$1,000 report. She also reported two unanticipated refunds: a City of Trotwood refund of about $62,398 (adjusting multi-year water-billing data) and a Montgomery County ESC refund of about $144,913 related to special-education contract reconciliations. Adams said both amounts are helpful but not sufficient to resolve the district’s long-term fiscal pressures.

Adams also highlighted nutrition department activity: Katie Bae, the district’s nutrition supervisor, secured mobile smoothie carts for each of the district’s five schools at no cost to the district, and summer meal service has increased in recent weeks. The board approved the personnel (human-resources) agenda as presented; one board member abstained on personnel item number six as recorded in the roll call.

Board members were reminded that permanent appropriations will be revisited in September to align with the district’s forecasting schedule. No additional spending authorizations were enacted beyond the temporary appropriations and the year-end accounting moves recorded in the board resolutions.