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North Penn finance staff projects $10 million–$12 million surplus; enterprise funds report operating profits
Summary
Finance staff told the North Penn School District Finance Committee the district is trending to a healthy surplus for 2024–25, with enterprise funds (food service, extended care, community education) showing modest profits; staff flagged timing issues in reporting software and transfer-tax receipts.
Tara Hauser, finance staff for North Penn School District, told the Finance Committee the district’s revenue and expense projection “is showing a healthy surplus going into audit.”
Hauser said she does not expect many audit adjusting journal entries and that the district will likely “land somewhere in the $10 million to $12 million surplus range for the end of the 2024–25 school year.” She cautioned that the posted reports for June are delayed because the district upgraded its eFinance Plus software in July and the upgrade disrupted some report templates. “The data’s all there. It’s just the the reporting module is looking at the data differently,” Hauser said.
Hauser said the district’s revenue as a percent of…
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