Treasurer reports FY26 close: June cash flow negative $14M; transfer avoided larger deficit

The Pickerington Local School District treasurer presented the fiscal-year close and the June financials at the July 13 board meeting.

Treasurer reported that cash flow for June was negative $14,000,000 — an expected seasonal result — and that fiscal-year-to-date cash position was negative roughly $25,000,000, driven largely by construction outlays and food-service expenses. For the fiscal year the district technically overspent by $56,642; the treasurer noted a $2,000,000 transfer from the self-insurance fund to the general fund that prevented a larger reported deficit.

The treasurer recorded total district cash across funds of about $81,000,000 at year end, with the general fund holding approximately $8.5 million. He said investment maturities provided needed access to cash and that management anticipated typical seasonal patterns in May and June.

The treasurer answered several procedural questions and presented a donations item (baseball coaching stipends) that the board approved on roll call. He also explained the annual Ohio School Plan insurance coverage to start July 1, 2026, with a not-to-exceed amount discussed at $450,000; the board corrected the year in the motion and approved the coverage.

Board members commended staff for cash management and noted continued attention to planned staffing and program reductions to maintain sustainability.