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Board receives FY26 financial report; treasurer cites $461,000 TIF revenue and clean audits
Summary
The district’s treasurer reviewed fiscal-year 2026 results, reporting revenues slightly below forecast, one-time transfers and a TIF revenue of about $461,000; the board approved related consent financial items on a unanimous roll call.
The New Richmond Exempted Village School Board received the district’s fiscal-year 2026 financial report, including revenue and expense variances, a one-time TIF collection and recent grant awards.
"Our ending cash is still 8.5," the treasurer reported during the board meeting, summarizing fiscal-year actuals compared with the February forecast. The treasurer said revenues ran roughly $311,000 below forecast (under 2%), expenses were about 1% higher than expected, and the overall deficit widened modestly compared with the earlier projection.
The treasurer highlighted one-time and positive items: the district received approximately $461,000 in TIF revenue for FY26 and staff said the district had successfully pursued competitive grants totaling about $14.2 million over the past eight years. The presentation also noted the district has received the Ohio Auditor of State’s clean-audit recognition for 12 consecutive years.
Board action: The board approved routine items 6A through 6F — including the financial reports, donations and a single contract — by roll call. Miss Grazer, Miss Story, Mr. Wooten and Mr. Zimmerman each voted yes.
What this means: Presenters said staff will continue to monitor revenue forecasts (including reassessments that reduced an earlier parcel valuation) and noted the district’s practice of auditing and adjusting transfers and advances to balance funds; some year-end transfers were described as one-time accounting actions that return in future receipts.
Provenance: Treasurer’s presentation and the roll-call approval began at SEG 684 and the vote was recorded at SEG 977–SEG 995.
