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Treasurer reports roughly $1.6 million in self-insurance reimbursements, cautions FY27 appropriations leave "no wiggle room"
Summary
Treasurer Heather told the board the district received roughly $1.5'$1.6 million in stop-loss reimbursements for high medical claims, reported estimated FY26 resources (about $361,000 general-fund, $41,000 food-service) and said FY27 appropriations will match the forecast (about $14,822,000) leaving little margin for unexpected costs.
Treasurer Heather presented the district's fiscal closeout and the FY27 appropriation plan to the board. She told members the district will renew property and bus insurance through the Ohio School Plan at an increase of nearly $14,000, driven in part by the addition of new buses and recent renovations.
Heather said estimated resources for the fiscal year included about $361,000 for the general fund and roughly $41,000 for the food-service fund, noting additional federal funds increased food-service resources. She also reported the self-insurance fund received stop-loss reimbursements of about $1.5'$1.6 million after large medical claims exceeded the $35,000 threshold.
"We were reimbursed almost at $1.6 million back into the self insurance fund for claims over 35,000," Heather said.
She added that medical claims rose roughly $600,000 and prescription claims roughly $255,000 year over year, and that her FY27 general-fund appropriations are being set to match her forecast exactly at $14,822,000. Heather cautioned that matching appropriations to the forecast leaves "no wiggle room" within the budget and that she may need to file budget modifications later in the year as actual revenues and costs become clearer.
Board member Mr. Napier raised concerns about federal grant timing, saying the federal transition of some processes to SAM.gov has affected funding flow; Heather said forecasting in that environment requires assumptions and may be revised multiple times before year-end.
The board approved the treasurer's consent agenda and the appropriation motions by roll-call vote.
