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Treasurer presents five‑year forecast; warns expenditures outpacing revenues, recommends pursuing local revenue and advocacy
Summary
The district treasurer presented an unqualified fiscal audit and a five‑year forecast showing expenditures rising faster than revenues, recommended considering a 1% earned income tax in November and urged community advocacy amid potential state funding changes and petitions to eliminate property taxes.
The Amherst Exempted Village Schools treasurer told the board that an independent audit released May 8 returned an unqualified opinion and that a five‑year forecast shows expenditures increasing faster than revenues, prompting a recommendation to seek new local revenue and intensified legislative advocacy.
The treasurer (name not specified in the transcript) said Julian Group performed the fiscal 2024 audit and that the district received “an unqualified opinion,” while noting two management‑letter items, including an over‑appropriation tied to ESSER funds and a missed local records commission meeting in fiscal 2024.
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