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Mount Lebanon projects $923,000 surplus after unbudgeted pilot payments and delinquent‑tax collections
Summary
The district’s treasurer reported a projected fiscal‑year surplus of about $923,000 driven by unbudgeted pilot payments, higher delinquent‑tax collections and an IDEA grant larger than budgeted; the board discussed transfers, refunds and upcoming budget work.
Mount Lebanon School District finance staff told the board on June 9 that, after a year of budget adjustments and a freeze on non‑essential expenditures, projected fiscal‑year results show a surplus of about $923,000, reversing earlier deficit projections tied to a $1.1 million state funding shortfall.
Miss Connolly, presenting the treasurer’s report, said the district’s May financial review shows a swing from a prior projected deficit to a projected surplus of $923,000. “Although our real estate revenues have not increased, other revenues have,” Connolly said, and she identified the major contributors: two unbudgeted pilot payments from Asbury…
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