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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.
The board also approved a transfer of $3,785,000 from the unassigned fund balance to support the 2025–26 budget, a figure that Superintendent Perry said is similar in absolute terms to last year but represents a smaller percentage of an expanded budget. That resolution passed 9–0.
A separate resolution authorized the use of $250,000 from the workers' compensation reserve to support the 2025–26 budget; Perry said the district had planned and stabilized that reserve and that the withdrawal would leave sufficient funds to meet claims. The motion passed 9–0.
On personnel and contracts, the board approved an agreement between the district and the South Colonie district office administrators that runs July 1, 2025, through June 30, 2028. The board also extended the contract for Angelique Martinez, the district's school business administrator/district treasurer, by one year, and approved a one‑year extension of Superintendent Perry's contract through June 30, 2030. Each of these employment agreements was approved by voice vote, 9–0.
Board members said the approvals were the normal close‑out steps following audit‑committee review and routine human‑resources recommendations; board minutes record unanimous support for the measures. No amendments or additional funding requests were made during the meeting.
The board's action clears the way for the district to finalize audit-year accounting and for administrators to proceed with planned 2025–26 staffing and capital planning.
