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Board approves reserve transfers, budget uses and contract extensions
Summary
The board authorized $750,000 to a capital reserve, approved using $3,785,000 from unassigned fund balance to balance the 2025–26 budget, and approved a $250,000 workers' compensation reserve transfer.
The South Colonie Central School District Board of Education on Tuesday approved multiple fiscal measures to close out the 2024–25 year and extend administrative contracts.
During the meeting the board adopted a resolution to place $750,000 into the district's capital reserve fund; Superintendent Christopher Perry said those monies will be available for future capital improvements but may be spent only after voter authorization. The resolution passed by voice vote, recorded as 9–0 in favor.
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