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Treasurer reports near‑forecast year‑end finances; board approves several transfers and statutory items
Summary
The treasurer told the board the district closed the fiscal year near forecast, with notable increases in salaries and purchase services; the board approved transfers to termination benefits and food service funds, a PI‑to‑facility transfer required by OFCC, an online‑day plan filing, a private tuition contract and final policy readings.
The Canal Winchester Local Board of Education received a fiscal‑year‑end review and approved multiple routine and statutory actions at its July 13 meeting.
Treasurer Roberts told the board the district closed fiscal 2026 near the forecasted numbers: revenues and expenses were close to projection after accounting adjustments, timing of property‑tax allocations and a delayed permanent‑improvement allocation that he expects to correct in the second half settlement. He noted increases in personal‑service costs (including salaries and benefits) and higher-than‑expected purchase services largely related to special‑education contracts.
Roberts reported an investment interest gain tied to borrowed project funds and said the district plans an RFP to get bulk bus‑fuel pricing after recent spikes in fuel costs. On health insurance, he said claims declined after moving from Medical Mutual to UnitedHealthcare, producing lower claims and modest fixed‑cost increases.
On action items the board voted to approve: a transfer of funds from the general fund to the termination benefits and food service funds (the treasurer said the amounts match the district forecast and were intended to manage expected retirements and food‑service trends); a statutory transfer from the permanent improvement fund to a classroom maintenance/facility fund required by the Ohio Facilities Construction Commission for certain OFCC projects; a resolution to adopt and file an online‑day plan with the Ohio Department of Education (ORC 3313.88) to permit up to three remote instructional days after calamities; and a private tuition contract to place a student at a private provider for the 2026–27 year. The board also gave final approval to several board policies after a previous first reading.
Each motion carried on roll call; board members discussed the forecasting timeline and asked staff to bring corrected forecast tables in August when second‑half tax settlements are finalized. The board then moved into executive session as posted on the agenda.
