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CFO reports stable cash position; packet references OEPI analysis on residential property taxes
Summary
District CFO presented an August fiscal update showing a projected revenue of about $57.0 million and an ending cash balance projection of $18.5 million. The agenda also included an Ohio Education Policy Institute analysis noting rising homeowner share of school property taxes.
The district's CFO presented the August 2025 cash-position and spending reports at the Sept. 17 board meeting. Packet figures list forecasted revenue of $56,542,204 and projected revenue of $56,998,589 (a favorable variance of $456,385). The report forecasts an ending fund balance of about $18.5 million for June 30, 2026, with a managed projected decrease to the cash balance of $727,123.
Separately, the meeting packet referenced an Ohio Education Policy Institute (OEPI) analysis on residential property taxes, which the treasurer highlighted in the agenda. The OEPI material summarized that Class 1 (residential and agricultural) property now pays roughly 67.5% of school property taxes statewide and listed policy options for targeted relief to seniors, people with disabilities and low-income families. The district packet included detailed fund-by-fund cash figures and the check register.
