Board adopts updated five-year financial forecast; Treasurer warns of long-term levy need

The Brecksville-Broadview Heights Board of Education on May 28 unanimously adopted an updated Five-Year Forecast presented by Treasurer/CFO Craig Yaniglos. The forecast projects a June 30, 2025 unreserved cash balance of $25,987,636 and estimates the district will have about 165 true days of operating cash at year end.

Yaniglos’s materials, appended to the meeting packet, include detailed revenue and expenditure tables and a risk analysis that highlights two items: uncertainty in future state biennium budgets and pending statewide property-tax reform proposals. The presentation notes the district’s FY25 general fund revenues at about $56.32 million and projected expenditures of roughly $56.56 million; the forecast text included in the packet states that the district “began the fiscal year with a cash balance of $26,776,748. Through April, our cash balance has increased to $32,519,775,” with an expected June 30, 2025 cash balance of about $25.84 million after seasonal flows and planned transfers. The board voted 5–0 to approve the forecast and associated notes and assumptions (Resolution 2025-68).

Yaniglos’s packet also outlines scenario risks, including proposed state legislation (notably HB96 as described in the materials) that could cap local school cash balances and give county budget commissions the authority to reduce levies; the Treasurer told trustees the district will continue planning for a potential operating levy window in 2027 if state actions reduce continuing revenue growth. Board members asked for continued monthly updates of cash flows and requested that administration return if legislative actions change the forecast.