Treasurer's Notes

In October, I presented the district’s financial forecast, formerly known as the five year forecast, to the Board of Education at their regular meeting. This represents a shift in our past practices based on a provision in the state biennium budget approved this past summer. 

Under the new state law, public school districts are now required to submit their current budget information, three years of historical financial information and three years of projections by August 31 of each fiscal year. This information must be updated and re-submitted with the state by the end of February for that fiscal year. Due to the timing of the passage of the budget bill, we had additional time to prepare our financial forecast for this fiscal year only and submit it by an October deadline. 

Every two years, the state budget process brings the potential for significant changes that can impact public education. This year several proposals included in the early versions of the new state budget raised significant financial concerns for public school districts across Ohio — including here in Upper Arlington

Upper Arlington Schools provides our community with a key financial update twice a year through the five year forecast — a legally required document submitted to the state of Ohio each November and updated every May. This report serves as an important check-in on our current financial position and long-term outlook, reflecting our ongoing commitment to transparency and fiscal responsibility.

In May, the updated five year forecast was presented to the Board of Education at their regular meeting. The updated forecast reflects minimal changes since the November 2024 filing but does not incorporate any potential impact from the state biennium budget, which was still making its way through the state legislature.