(1-25-22) At its recent Board meeting the Ohio High School Athletic Association (OHSAA) painted a ‘rosy’ financial picture…thanks to a boost from fall tournaments. With no COVID 19 restrictions in place and an extra round of football playoffs benefiting the added income.
From January 11th OHSAA Board of Directors meeting minutes –
The board, on a 9-0 vote, approved investing $3.5 million to the revised Investment Policy. 60% will go into equity investments and 40% into fixed accounts. The board also moved to approve a revised vesting policy. The past pension plan was ended in 2020.
The report also mentioned a new logo is in the works for the association. The cost for the logo project was not mentioned and no description or image was provided in the minutes released on the web site.