The Hendrick Hudson Central School District Board of Education on June 18 approved resolutions to establish several restricted reserve funds and authorized a temporary position to support the business office transition ahead of the new assistant superintendent for business taking office.

Interim Assistant Superintendent for Business Jill Figueroa explained the measures as part of a strategy to stabilize district finances amid revenue pressures, including the loss of Indian Point funds. "We're making a conscious effort to provide financial projections to make sure that there's long term financial stability," Figueroa said during her presentation.

The board voted to create three reserves: an employee benefit accrued liability reserve (EBLR) for accrued employee obligations such as unused leave; a retirement contribution reserve fund with an associated subfund for Teachers' Retirement System (TRS); and a teacher/employee retirement reserve. Figueroa noted statutory limits for the teacher retirement reserve, saying annual contributions "are limited to 2% of the compensation that we pay to teachers annually, and we can't exceed 10% of that over time." The board approved establishing the reserve structures; dollar amounts will be finalized after the fiscal-year audit in August.

The board also approved a temporary, limited-term position titled assistant to the superintendent for financial continuity and controls, proposed to support transition work between the outgoing interim business officer and incoming assistant superintendent for business, Kimberly Roaring. The board authorized the role "not to exceed 120 days" to provide continuity during audits, financial closeout, and onboarding, with administration noting the role was recommended in prior internal audits.

Board members asked for clarity on mechanics and amounts; administration said the resolutions established the legal vehicles and that recommended amounts will be produced after the district closes out the fiscal year and completes the audit. Figueroa said she would recommend realistic "up to" amounts in June to allow auditing processes to proceed and would finalize the exact transfers in August when audit results are complete.

Actions recorded at the meeting authorize the district to create the reserve accounts and to use end-of-year surplus and contingency funds as allowable and reasonable sources to seed those reserves. Administration said auditors will review amounts and may advise adjustments. The board approved the motions by voice vote during the meeting.