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District finance staff report year-end figures, propose $500,000 transfer to capital reserve and outline Act 1 index for 2026–27
Summary
Finance staff reported a health-care fund deficit, year-end results for the $103 million general fund, recommended a $500,000 transfer to the capital reserve, and briefed the board on the Pennsylvania Act 1 adjusted index for the 2026–27 budget.
District finance staff presented a year-end summary and preliminary recommendations for fund transfers and next year’s property tax index at the Cornwall-Lebanon public work session on Oct. 13, 2025.
Health-care fund and general fund year end: The finance presenter reported the district’s health-care fund shows a negative variance of about $510,000 driven by high claimant experience and rising costs year over year; staff said the district just launched an Rx and Go prescription program on Oct. 1 to seek savings. For the general fund, staff summarized the district’s $103 million budget and reported expenditures were 0.6% under budget overall;…
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