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Board approves fund-balance recommendations, allocates reserves as 2024–25 books close
Summary
The Greece Central School District Board of Education unanimously approved fund-balance and reserve recommendations Tuesday as administrators finalize the 2024–25 financial close.
The Greece Central School District Board of Education unanimously approved fund-balance and reserve recommendations Tuesday as the district closes the 2024–25 fiscal year.
Assistant Superintendent Romeo Colley told trustees the district uses "up to" amounts in its recommendations because the year-end audit was still in process; the accounting closeout was expected within days. Colley said the district recommends adding approximately $436,000 to unassigned fund balance to reach the…
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