District reports stable finances: $16.9M month‑end cash, adjusted appropriations approved

The Nordonia Hills City School District received a financial update at its Jan. 13 board meeting showing stable cash and favorable year‑to‑date revenue performance.

The presenter (Speaker 4) summarized a five‑slide financial focus for December: a month‑end cash balance of $16,900,000 and an unencumbered balance of $11,200,000. Fiscal‑year‑to‑date revenue was reported at $28,100,000, approximately $1.7 million higher than the same period a year earlier, driven by increases in unrestricted state aid and timing of collections. The presenter noted an additional $368,000 in local taxes and reimbursements received in December that increased the district’s collections percentage to 99.93%.

Direct quote: Speaker 4 told the board, "our cash unencumbered balance, so our month end cash was 16,900,000.0," and explained encumbrances represent purchase orders and obligations not yet completed.

Following the report, the board approved a resolution authorizing the advance of local tax receipts to help cash‑flow (the resolution does not change tax rates) and voted to adopt adjusted appropriations for fiscal year 2026. Administration explained appropriations give the district authority to expend funds already within the certificate of estimated resources.

The presenter emphasized that December and January are low points for cash because of collection timing and that expense trends were relatively flat, reflecting prior reductions the district has undertaken to stabilize finances.

What happens next: Finance staff will implement the adjusted appropriations and continue monthly reporting; the board will review these finance-focus slides on a regular cadence as part of routine oversight.