Treasurer says Perrysburg schools ended year better than forecast; board approves financial report

Treasurer Randy told the Perrysburg Board of Education the district closed the fiscal year with a $30 million cash balance and outperformed earlier forecasts by about $3.2 million, attributing the gain to higher real‑estate collections, stronger income‑tax receipts and about $200,000 in higher interest earnings.

At the July board meeting Randy summarized revenue drivers and expense variances, noting a roughly 5% growth in income‑tax receipts and better‑than‑expected real‑estate collections that reduced the expected impact of homestead and rollback discounts. He also said capital outlays were low this year because administrators shifted some expenses into permanent‑improvement funds and because certain expected judgments did not occur.

Board members discussed the implications for levy timing and forecast modeling. Randy and the finance committee warned that the positive cash position is helpful but emphasized the need to plan four years into the forecast because one good year does not eliminate future risks. “We ended the year at a $30,000,000 cash balance,” he said, adding that the positive result gives the board more time to evaluate levy scenarios.

After the presentation the board moved to approve the June financial report as action item 8.2; the motion passed on a roll call with affirmative votes from the attending members.

What to watch: The board signaled it will revisit levy timing, permanent‑improvement priorities and the three‑ to four‑year forecast in upcoming finance committee work sessions. Administration said it will supply the more detailed forecast at the August work session and continue public engagement on levy scenarios.

— Action recorded: approval of financial report 8.2 (motion passed by roll call).