School board OKs fund transfers


By Cecilia Fox - cfox@troydailynews.com



TIPP CITY — At their meeting Monday night, the Tipp City Board of Education approved several fund transfers and heard presentations from the public library and the Ohio Treasurer’s Office.

The board voted to approve transfers and advances to several funds with negative balances at the end of the fiscal year.

“We cannot end a fiscal year with a negative fund balance,” treasurer Dave Stevens explained.

The district will make advances from the general fund to several federal funds including Title I ($14,000), IDEA Part B ($35,275) and the Title II teacher and principal training and recruiting funds ($3,000). These transfers will cover negative fund balances until the district received reimbursement from the Ohio Department of Education.

Nutrition Services will receive a transfer of $75,000 from the general fund.

And a total of $12,305 will be transferred from the general fund to each of the district’s school to reimburse school supply funds for student fee waivers received from the Ohio Department of Education.

“Those are to cover our economically disadvantaged students that are not able to pay for school supplies,” Stevens said.

The board also approved the 2018 library tax budget and heard an update from library director Lisa Santucci.

According to Santucci, there are 723 kids currently registered for the library’s free summer reading program. This number includes 402 students in kindergarten through sixth grade, as well as a record breaking number of teens — 158, up 50 from last year.

“This is huge,” Santucci said.

Library fiscal officer Asha Vyas noted that there will be a library levy on the ballot in November 2018. It has not yet been determined whether that will be a renewal or a new money levy.

The library will also continue its library card initiative next school year. According to Santucci, each new student will be mailed a library card with a letter welcoming them to the library. The library sent out nearly 700 cards last year, she said.

The board also heard from Frank Kohstall with the state treasurer’s office, who invited the district to join Ohio’s Online Checkbook.

The online checkbook is a voluntary initiative that promotes transparency in government by posting expenses publicly on www.ohiocheckbook.com.

Kohstall noted that Tipp City would be the first school district in the area to join. The board made no decision on joining the online checkbook program during the meeting.

The board voted to advertise and receive bids for the purchase of two school buses through the Southwestern Ohio Educational Purchasing Council.

Stevens said the the district is on a 12-year replacement cycle, replacing two buses every years.

The board’s next work session will be held at 6 p.m. Monday, July 10 in the board office. Their next regular meeting is set for 6:30 p.m. Monday, July 24.

By Cecilia Fox

cfox@troydailynews.com

Reach Cecilia Fox at cfox@troydailynews.com.

Reach Cecilia Fox at cfox@troydailynews.com.

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