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Board authorizes capital reserve funding, accepts $550,410 federal rebate and approves facilities transfers
Summary
The South Huntington Board approved funding of a voter-authorized capital reserve fund, accepted a $550,410 federal rebate tied to recent EPC/solar work and approved budget transfers for facilities and security items requiring board approval.
The South Huntington Board of Education approved several finance measures at its meeting: funding of a voter-authorized 2025 capital reserve fund, acceptance of a $550,410 federal rebate related to recent energy-performance-contract (EPC) and solar work, and budget transfers for facilities and maintenance items that required board approval because they exceeded the board’s transfer threshold.
Mister Conway presented the request to fund the newly established 2025 capital reserve fund for the fiscal year ending June 30, 2025, noting voters had authorized the creation of the reserve in the May 20 election. The board approved the motion; the resolution allows the district to set aside surplus funds for future capital projects, with a stated primary focus on addressing portable classrooms but with flexibility for other capital needs.
The board also approved a motion to accept into revenue $550,410 for the year ending June 30, 2025. Administration said the federal rebate relates to EPC work carried out in the prior fiscal year, driven primarily by the installation of district solar panels; the amount will be recorded as revenue or a receivable if not yet received.
Separately, the board approved budget transfers above the district’s $35,000 threshold to cover facilities and maintenance items, including installation of hand dryers, classroom furniture, door locks, and security and IT-related purchases districtwide. The board also approved a cross-contract insurance and indemnification agreement with Eastern Suffolk BOCES for outside service providers used on-site (e.g., elevator repairs and maintenance services).
Motions and seconds were made on the record for each matter and each resolution was approved by the board. The district said the rebate will be recognized in the current year’s accounts and that the capital reserve will give the board flexibility to set aside surplus funds for future capital projects.
The administration indicated it will record the rebate as revenue or an account receivable if payment is not yet received and will return with related budget adjustments and project-level plans when specific capital work is proposed.
