Investment advisor briefs board; treasurer reports March ending balance $55 million

Ryan Nelson of RedTree Investment Group told the Medina City Schools Board on April 21 that the district's investment policy follows Ohio law (Ohio Revised Code Chapter 135.14) and prioritizes safety of principal, liquidity and a market rate of return. Nelson said RedTree serves as an investment advisor for a portion of the district's funds and that the portion they manage sits around $20 million with a yield of nearly 4 percent and a weighted average maturity of about two years.

Nelson reviewed allowable investments (checking accounts, CDs, STAR Ohio, U.S. Treasuries, agencies, municipal bonds and commercial paper) and gave an economic update touching on inflation trends, labor-market notes and the Federal Reserve's policy stance. He noted the incoming Fed chair confirmation process and cautioned that energy-price changes could affect inflation and yields.

Treasurer Dave presented the monthly financial overview: a July 1, 2025 beginning balance of $41 million; year‑to‑date revenues of $94 million and expenditures of $77 million through March; and a March ending balance of $55 million, an increase of roughly $14 million driven by advances and a reported settlement of about $6 million. The treasurer also noted that investment income was up about $180,000 year over year and that benefit premiums increased roughly 18 percent this fiscal year.

Board members asked follow-up questions about county auditor settlements and whether withheld funds generated interest; the treasurer said he would contact the county auditor's office to review amounts withheld for reappraisal and related expenditures. No formal policy actions were taken at the meeting on investments; RedTree's presentation was an informational update and the treasurer's financial items were adopted later under routine action items.

The board did not approve any new investment policy changes at the meeting.