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Central York treasurer reports $3.2M projected surplus for 2024-25; board hears multi-year shortfall projections and preliminary 2025-26 budget assumptions
Summary
Central York presented a financial update showing a Jan. 31 cash balance of $43.5 million and a preliminary district projection of roughly $3.2 million surplus for 2024–25, while multi‑year forecasts showed a larger cumulative shortfall in later years.
The Central York School District board on Feb. 24 heard financial results to date for fiscal 2024–25 and an early preview of the 2025–26 budget, alongside a business‑operations committee review that flagged multi‑year structural shortfalls.
Treasurer Director McMillan told the board the district’s beginning cash balance on Jan. 1 was $50,768,860 and the ending balance for Jan. 31 was $43,496,976. The district reported it is 58.3% through the fiscal year. Real-estate tax collections were at 101% of budget (budgeted at 96%), and interest income was "trending to reach over a million dollars for the fiscal year," McMillan said. The district also received its first cyber‑charter reimbursement payment and part of a special-education subsidy included in the state budget.
Preliminary 2025–26 budget and assumptions Administration presented an early…
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