Westlake City School District Board of Education Regular Meeting July 27, 2026

The Westlake City School District Board of Education held a regular meeting on July 27, 2026, where several procurement and financial topics were discussed. Key highlights included updates on capital improvement projects such as roof repairs with a new TPO membrane at the performing arts center wing, and facility upgrades including a new freezer and chiller for the school kitchen and blacktop replacement at the stadium. The board also reviewed the district's investment portfolio managed by Red Tree Investment Group, which has been a partner since 2010. The investment strategy focuses on safety, liquidity, and market-rate returns through fixed income securities, generating approximately $2 million annually in interest income for the district. A significant financial update was the upcoming payoff of a $11.26 million bond issue in December 2026, facilitated by investment earnings of about $1 million, reducing the community's debt burden. The board approved several resolutions related to membership dues, student activity budgets, and the authorization of the roof repair contract. Additionally, the district reported a deficit spending trend of approximately $850,000 for the fiscal year ending June 30, 2026, but remains in a strong financial position with careful cash flow management. Discussions also touched on future financial planning, including scholarship granting organizations and potential levy campaigns.