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Treasurer reports fiscal-year totals and warns five-year forecast will change after county tax-credit resolutions
Summary
Treasurer presented month-ending financials (through 06/30/2026): total revenues $23,175,248 and total expenditures $22,847,055; the treasurer said a $655,006 shortfall versus estimates is driven largely by real estate and income tax collections and noted county resolutions implementing local option homestead and owner-occupancy credits will reduce forecasted receipts.
The clerk presenting the treasurer's consent agenda summarized the district's fiscal-year financials through June 30, 2026, reporting total revenues of $23,175,248 and total expenditures of $22,847,055.
"From the summary of all funds, through June 30, our fiscal year total revenues were $23,175,248, which was up about $550,000 from one year ago," the presenter said. The general fund revenue totaled $20,220,787 and general fund expenditures totaled $19,843,217. The presenter noted the district's fiscal-year estimates were short by $655,006, largely driven by real-estate and income-tax collections.
The presenter explained that Miami County commissioners passed resolutions implementing the local option homestead credit for calendar year 2027 and an owner-occupancy credit, and that those changes are already built into the forecast. The clerk estimated the combined effect could be on the order of $100,000–$170,000 for a single option and suggested the total change might be roughly $300,000 to the forecast once both credits were factored in, while cautioning the county is still working through application and eligibility details.
The board approved the treasurer's consent agenda by roll call. The presenter said the district has a healthy cash carryover to manage timing differences but that additional forecasts may be produced later in the year as tax settlements and income-tax data arrive.
