FINANCIAL PROSPECTUS 2025-2026

A MESSAGE FROM
CFO/TREASURER MICK DAVIS

Five-Year Forecast reﬂects strategic stability — and signiﬁcant uncertainty ahead

On behalf of our Board of Education, the administration, the teachers, and the staﬀ members of the Indian Hill School District, I am pleased to present to you our eighth-annual Financial Prospectus. This publication will provide you, our investors, some highlights of our District’s ﬁnancial outlook for this year.

On February 10, 2026, I presented the Indian Hill School District’s updated Five-Year Financial Forecast. While long-term forecasting is always an exercise in careful projection, this
year’s update comes at a time of notable legislative activity and evolving economic conditions that require particular attention.

Cash Flow, Flexibility, and Fiscal Caution

When comparing our October 2025 forecast to the current forecast, several themes emerge: increased cash ﬂow risk, reduced ﬂexibility, and heightened sensitivity to external legislative decisions.

While we are not projecting an immediate ﬁ scal emergency, the margin for error is narrowing. At a high level, our current ﬁve-year outlook reﬂects a tightening ﬁ nancial trajectory compared to prior forecasts. While the District remains

ﬁnancially stable today due to strategic investments in delivering world-class programming for our students coupled with continued ﬁscal responsibility, the trend line for our cash balance is moving in a direction that requires thoughtful planning, disciplined spending, and continued community engagement.

Our Financial Prospectus will dive into what our district faces, and how we are navigating these uncertain times.

My commitment, and that of the Board of Education, is to provide transparent information so our community can make informed decisions about the future.

As always, we appreciate your support, and should have any questions regarding district ﬁnances, my door is open.

Dedicated to the success of our Braves,

CFO/Treasurer
Indian Hill Exempted Village School District mick.davis@ihsd.us

1.4%
18.6%
15.8%
OUR FINANCIAL FORECAST

REVENUE REPORT FISCAL YEAR ENDING 2025

Despite continued uncertainty in how state legislation will impact our revenue, because of responsible ﬁscal stewardship and planning,our district maintains a solid ﬁ nancial foundation:

TAXPAYER VALUE

ARI | CLASS OF 2034 Future Rocket Company Owner

7.5% $3,583,754 Property Tax

Allocation

4.9% $2,344,511 Unrestricted

Grants-in-Aid

1.7% $818,405 Tangible Personal

Property Tax

1.2% $595,373 Restricted

Grants-in-Aid

0.0% $18,605 Advances-In

0.9% $426,228 All Other

Financing Sources

15.5% $7,402,446
All Other Revenues

68.2% $32,641,900
General Property Tax (Real Estate)

Property values within our district experienced up to a 30% increase, reﬂ ecting the community’s desirability and the district’s quality. We have also seen savings for homeowners in our district; notably, the 2001 bond will expire in 2027, following a 2016 reﬁnancing that saved taxpayers $8.5 million.

GRANT ACQUISITION

FINN | CLASS OF 2026 Future Actor & Doctor

EXPENSE REPORT FISCAL YEAR ENDING 2025

4.6%        1.2% $2,186,375                $584,178
Materials
Services
Supplies and	Other Objects	$7,575,975 1.7%	0.8%	Purchased $799,094	$401,404
Capital Outlay	Interest and

Fiscal Charges

0.1%
$36,110
$8,921,832 $655,000	Beneﬁts Principal-Other
Advances-Out

56.0% $26,883,133
Salaries

The district secured signiﬁcant grants, including $22,500 from the Ohio STEM Learning Network and $272,733 from the Ohio Department of Education & Workforce (ODEW), supporting advancements in STEM education and career readiness initiatives. Nearly $33,000 has been secured for three grants from the Ohio Attorney General’s Ofi ce,ODEW, and Ohio Bureau of Workers’ Compensation (BWC) for facility safety, bus safety, and employee safety.

ENERGY EFFICIENCY

Our Energy Savings Program continues to yield over $150,000 in annual savings,exemplifying our dedication to cost-effective operations.

EMILY | CLASS OF 2031 Future Business Leader

BOYCE | CLASS OF 2036 Future Football Player

PIPER | CLASS OF 2035 Future Gymnast

WHAT HAS CHANGED SINCE OCTOBER 2025? Since our October 2025 forecast, several primary factors have inﬂuenced our updated outlook – namely House
Bill 186 and its impact on the 20-mill ﬂoor. House Bill 186 is now enacted state legislation and introduces budgetary constraints that signiﬁcantly impact our district’s projected cash balance. The new law caps revenue growth for
20-mill ﬂoor districts at the cumulative three-year rate of inﬂation following property reappraisals or updates. Currently, the Indian Hill School District sees increased income with increased property value, because we operate within the 20-mill ﬂoor. The new law slows the rate at which the district receives this additional revenue and includes an “Inﬂation Cap Credit” for property owners in districts like Indian Hill.

MARY | CLASS OF 2033 Future Fashion Designer

BLAKE | CLASS OF 2029 Future Lawyer & Author

GUS | CLASS OF 2031 Future Biologist

LEILA | CLASS OF 2037 Future Doctor

LONDYN | CLASS OF 2030 Future Veterinary Dermatologist

PROJECTED GENERAL FUND CASH BALANCE

$13,000,000

$12,000,000

$11,000,000

$10,000,000

$9,000,000

$8,000,000

$7,000,000

$6,000,000

$5,000,000

2026	2027	2028	2029	2030

WITHOUT PROPERTY TAX REFORM	OCTOBER 2025 FIVE YEAR FORECAST	CURRENT FIVE YEAR FORECAST

A RISK SCENARIO WORTH WATCHING

It is also important to acknowledge a proposed constitutional amendment that would eliminate property taxes entirely by adding language stating that no real property shall be taxed. This proposal is not incorporated intoour forecast assumptions; however, it represents a signiﬁcant risk scenario. Property taxes fund not only schools, but also emergency services, parks, libraries, and local governments. The ﬁscal implications of such a change would be profound.

Our projections of revenue,expenditures, and cash balance show that while we remain on solid footing today, proactive planning will be necessary to sustain our programs and services in the years ahead.

NOELLE | CLASS OF 2035 Future Police Oﬃ cer

MALLORY | CLASS OF 2026 Future Neurologist

INVESTMENTS IN OUR FUTURE

This forecast reinforces several priorities:
YASSINE | CLASS OF 2032
Future Soccer Player

Careful timing of any future levy discussions

Thoughtful management of expenditure growth

Continued monitoring of legislative
developments

A steadfast commitment
to maintaining both ﬁscal stability and the educational excellence our community expects

COHEN | CLASS OF 2037 Future Basketball Player

RIYALANI | CLASS OF 2038 Future Face Painter

INDIAN HILL BOARD OF EDUCATION
Indian Hill Board of Education (L to R, front/back): Tim Schweikert, Board Member; Nolan Marx, Board Member; Bear Tullis, Board President; Niki Singh, Board Member; Robert Warfel, Board Vice President.

THE INDIAN HILL SCHOOL DISTRICT IS PLEASED TO ANNOUNCE THAT THE DISTRICT AND CFO/TREASURER MICK DAVIS EARNED THE OHIO AUDITOR OF STATE AWARD FOR FISCAL YEAR 2024, THE NINTH AWARD DURING HIS TENURE.

	

INDIAN HILL EXEMPTED VILLAGE SCHOOL DISTRICT 6855 DRAKE ROAD, CINCINNATI,OH 45243
(513) 272-4500

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