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Granville board reviews year-end finances, capital-project update and staffing status
Summary
At its July meeting the Granville Exempted Village School District board received the final June financial report showing $376,000 more revenue than forecast, an improved days-of-cash position, progress on summer capital projects and an update that most positions have been filled ahead of the new school year.
The Granville Exempted Village School District board received its final June financial report and an update on capital projects and staffing at its July meeting. The treasurer reported the district’s revenue came in $376,000 above the February forecast and said the district’s days of cash rose "from just under 111 days of cash to just over 112," remaining "perfectly within our cash balance policy at this point of 9260," the clerk said.
Why it matters: This was the board’s last financial report for the fiscal year, and the figures will inform budget planning for operations and capital spending going into the next year. The presentation described a combination of timing differences, stronger-than-expected interest earnings and a locally timed property-tax payment as reasons the revenue exceeded expectations.
The treasurer summarized key drivers: income tax receipts were up roughly 12 percent over the prior year, and state revenues showed timing-related increases compared with last year. On expenditures, purchased services and utilities — including two electric payments charged in June and higher custodial costs — pushed year-to-date spending up. After adjusting for a capital-projects transfer, the presenter said expenditures were about $2,000,000 higher than the prior year.
The board also discussed capital projects. "We are slowly making progress on the air handler projects," the clerk reported, with work continuing through the summer and into next summer; a pit-filler project had not yet been scheduled but was expected to occur in August. The treasurer noted the permanent-improvement fund generates more revenue with inflation because it is funded with inside millage, a factor the board said it will continue to monitor when weighing operations versus capital needs.
On staffing, the administrator thanked district recruiter Brian for filling most positions ahead of the year start and said only a few aide positions remained open. The administrator reminded staff that Friday, July 10, was the deadline for employees to notify the district whether they would return for the coming year.
The board took no controversial votes during the presentation portion and moved on to the action agenda. The district indicated it will continue to monitor cash and capital needs and report back as projects and enrollment decisions evolve.
