The Marlington Local Board of Education approved its five-year forecast, showing the need for the district to take money out of its cash balance in years to come.
The district has about $8.1 million in a cash balance reserve fund currently. However the state's biennium budget, if passed by the Senate as it is, shows the district losing $700,000 in fiscal year 2018.
The budget shows the district finishing in the red at the end of fiscal year 2017. Treasurer Leslie Pierce said the numbers appear to be in a deficit because $1.5 million was transferred from the general fund to the permanent improvement fund for science lab renovations at the middle school and a new visitor's side building at the high school stadium.
The renovations to the three new science labs at the middle school will take place this summer as well as the renovations to the storage facilities and visitors section at the high school stadium.
The board also:
■ Approved a resolution for the district to acknowledge the bids for the Marlington-Alliance Transmission Line work by the city of Alliance. The lowest bid was X-Press Underground Inc. It also approved for a construction contract between the city and X-Press Underground for the project, which will provide city water to Marlington schools.
■ Accepted a $6,000 donation from the athletic boosters for new wrestling mats.
■ Honored Anstine Machining, Hoppel Fabrication, ProEn LLC, SES, St. Clair Pavlis Groups, ThenDesign Architecture Inc., Robertson Heating/Robertson family, The Timken Company and Trilogy Plastics to the 2017 Business Honor Roll through the Ohio School Board Association. The honor roll recognizes businesses that have made valuable contributions to the district.
Superintendent Joe Knoll announced the Duke Melee raised over $6,000 in donations. Each year the event raises money for the district's technology fund.
Knoll also gave a State of the Schools address prior to the regular meeting at 5:30 p.m. He said the largest crowd the district has received was there. In the address he mentioned the most asked question he receives is about the district's next steps in developing a plan to repair or replace the three elementary school buildings after the failed bond issue.
He said he hopes the board will be able to have discussion and develop a plan by the end of the summer.