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Month-End Financial Report�March 2025

Kenston Local School District

Seth Cales, Treasurer/CFO

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INTRODUCTION

  • Throughout this month-end presentation we will review and discuss the following topics with financial data through March 2025 – YTD & MTD:
    • Projected Expenses by Object
    • Cash Balance projections
      • Actual vs. Projections
      • Forecast vs. Projections
      • Projections vs. Historical
    • Title I: FY2025
      • FY2025 Spend categories
      • Historical Spend

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General Fund – FY25 Projected Expenses by Object

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General Fund - Monthly Cash Flow Overview

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General Fund – Projected Cash Flow vs. Forecast

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General Fund – Projected Cash Balance vs. Historical

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Title I-A – FY2025

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Title I-A – FY2025

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Title I-A – FY2025

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Title I-A – FY2025

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House Bill 96

  • Wednesday, April 9th, the Ohio House approved Am. Sub. House Bill 96 – the House’s version of the State Operating Budget.
  • Cash Balances
    • Creates a maximum cash balance carryover of 30% of previous years’ general fund expenditures
    • Allows the county budget commission to reduce the school district property tax rates based on the district’s carryover balance
  • County Budget Commission
    • Removes the county prosecutor from the county budget commission and makes the president of the board of county commissioners a member instead of the prosecutor
  • Five – Year Forecast
    • Reduces the five-year forecast to three years

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CONCLUSION

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  • Year – End cash balance is projected to increase slightly YOY by $364K
  • Continue to monitor the districts spend rate, budgets, and enrollment numbers
  • HB96 creates a layer of uncertainty for the upcoming May forecast
    • Senate will vote on the bill after the May forecast

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GO BOMBERS!