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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 the projects such as boilers, roofs, floors, all the capital projects, RTUs, unit ventilator projects that are done throughout the district,” a staff member from the business office said. The staff member told the board this is a routine June resolution and said the surplus being placed in the reserve during the 2024–25 year will fund work in summer 2026.
Administrators also said the district is engaging auditors for the end-of-year audit and closing the current fiscal year, and that summer projects and planning meetings with buildings and grounds are underway. The staff member noted rising medical and prescription costs as budgetary pressures but said the office will work with consultants over the summer to identify opportunities.
The transcript excerpt provided records the discussion and explanation of Resolution No. 65 but does not include the roll-call or final vote on the resolution in the provided portion of the record. The board thanked the business office for its work closing the year and preparing capital planning for upcoming summers.
