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Board discusses placing surplus into capital reserve for 2026–27 projects
Summary
Administrators described a routine, annual resolution (No. 65) to transfer surplus into the district's capital reserve for future capital projects including boilers, roofs and unit ventilators; auditors for the year-end audit were engaged.
At the May 16 meeting, Cliffside Park Board of Education administrators described Resolution No. 65, an annual measure to move district surplus into the capital reserve account to fund future building projects for the 2026–27 year.
“This resolution allows us to put a certain amount of our surplus into our capital reserve account that allows us to do…
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