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Board approves no‑risk electric audit agreement to search for billing errors
Summary
The Board approved a FirstEnergy electric audit through OSC/Yankel that will review past bills for overcharges; any recovered funds will be split with the auditing firm and Ohio Schools Council, with no district cost if no savings are found.
The Brecksville–Broadview Heights Board on Jan. 21 approved an agreement to participate in a FirstEnergy electric audit. Under the contract outlined in the OSC/Yankel agreement the district bears no up‑front cost; if the audit uncovers refunds or recoveries the District keeps 50% of the recovery and Yankel and the Ohio Schools Council take 30% and 20% respectively, per the contract terms.
Administrators described the contract as a 'no risk' way to check for billing errors or overlooked credits, and staff said any recovered funds will be split according to the agreement. The Board voted unanimously to accept the engagement and authorized the Treasurer to execute the required documents. The contract language records the recovery split as "50% -- the District 30% -- Yankel 20% -- OSC."
