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Interboro board reviews audit, approves $8.8 million in disbursements and routine budgets
Summary
At its March 19 meeting the Interboro School District board accepted a clean audit, approved fund disbursements of $8,844,755.66 and multiple routine personnel, curriculum and facilities motions while finance staff reported a $2.7 million projected deficit at a 0% tax increase.
INTERBORO, Pa. — The Interboro School District Board of School Directors accepted a clean audit, advanced routine fiscal motions and discussed ongoing budget pressure at its March 19 public meeting at the district administration building.
The audit committee reported the district's fund balance grew by $6.5 million to a reported $20,400,000 for the period ending June 30, 2024, and that overall spending for the audit year came in about $250,000 under budget because of lower-than-expected special-education costs, reduced charter/private-school enrollments and lower supplies/software spending.
Board finance staff said the district still faces a $2.7 million gap on the 2025-26 budget at a 0% tax increase, but said anticipated state funding increases and internal reductions have narrowed the shortfall. The finance report said the district added about $1.5 million in expected state aid and identified roughly $400,000 in spending…
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