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Lakota board closes FY26, approves temporary appropriations, lunch-price increase and OFCC participation
Summary
Treasurer Adam Zink reported a $51.6 million general-fund ending balance and a $4.8 million favorable variance for FY26; the board approved FY27 temporary appropriations, fund transfers, participation in the OFCC Classroom Facilities Assistance Program and a $0.25 student-lunch increase to $3.50.
The Lakota Local Board on June 29 approved a slate of fiscal-year-end and administrative actions after Treasurer Adam Zink presented final FY26 results and a five-year forecast update.
Zink said FY26 general-fund revenues totaled $223 million, about 1.1% higher than projected, while expenditures were $235.3 million, about 0.9% lower than projected, resulting in a $4.8 million net improvement and an ending general-fund cash balance of $51.6 million. He reported 79 days of cash on hand and reserve accounts totaling $31.6 million earmarked for items such as bus fleet replacement and curriculum needs.
Following the presentation the board approved multiple treasurer recommendations: adoption of the FY26 final appropriation and FY27 temporary appropriations, board authorization of necessary fund-to-fund transfers, and continuing to publish district financials quarterly on Ohio Checkbook. The board also voted to approve contracts and a resolution authorizing Lakota to participate in the Ohio Facilities Construction Commission (OFCC) Classroom Facilities Assistance Program; participation makes the district eligible for an OFCC allocation process that the OFCC will consider at its July 9 meeting.
Administratively, the board approved personnel items and student fees for 2026–27, and it approved a modest cafeteria price change: the standard tray lunch will increase by $0.25 to $3.50 at elementary and at junior/high schools for the coming year. The administration said the charge aligns with rising food costs while trying to maintain participation rates and that the cafeteria program is not intended to generate surplus funds.
Board votes on these items were recorded by roll call and approved unanimously by the members present. The meeting concluded with closing remarks and a motion into executive session to discuss personnel and competitive-bid issues under cited Ohio Revised Code sections; the public record notes the board returned and took dismissal-related action before adjourning.
