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Business official warns of multi-year fund-balance decline; board discusses revenue ideas including facility rentals and summer camps
Summary
Robert Bartels, the district business official, told the board the district has lost about $7 million of fund balance in the past two fiscal years as federal COVID funding ended and expenditures exceeded revenues.
"I wanted to walk everybody through kinda where we were on our finances," Robert Bartels told the Sayville Union Free School District Board at the workshop. Bartels' presentation reviewed the district's fund balance, reserves and New York State fiscal-stress metrics and described steps the district took to limit short-term borrowing.
Bartels said the district recorded a revenue/expense gap of about $4 million in fiscal 2023—24 and about $3 million in 2024—25 and summarized the effect as: "so this means we've lost about $7,000,000 in our total fund balance over the last 2 years." He attributed the change largely to the end of federal COVID funding and to continued expenditures that exceeded revenue.
Key financial points Bartels described: - Fund balance and reserves: the district's undesignated fund balance briefly fell close to…
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