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Berwyn South SD 100 board adopts amended FY25 budget; finance committee flags $6M transfer to capital projects
Summary
After a public hearing, the board approved an amended FY25 budget and discussed an Evidence-Based Funding plan and a $6,000,000 recommended transfer from operations and maintenance to the capital projects fund to pay for summer work and projects without a direct revenue stream.
The Berwyn South School District 100 Board of Education adopted an amended fiscal year 2025 budget on Tuesday and discussed a finance committee recommendation to transfer $6,000,000 from the operations and maintenance fund to the capital projects fund.
The meeting opened with a public hearing on the tentative amended FY25 budget; the board moved to adjourn the hearing and reconvene in open session before taking action on the budget later in the meeting.
Jenny (finance staff) reported a cash balance of $71,100,000, month-to-date revenue for June of $3,700,000 and May revenue of $3,400,000. Year-to-date revenue was reported as $62,600,000; May expenses were $5,900,000 (which included bond interest), and year-to-date expenses were reported at $58,200,000 for a fund balance of $67,900,000. The finance presentation noted grants winding down, including CARES/ESSER…
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