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Shippensburg Area SD finance team reports modest surplus, flags cyber-charter and personnel pressures
Summary
District business staff reported a roughly $590,000 surplus for fiscal 2023–24, a healthy fund balance and room in debt service, but warned rising cyber‑charter costs, enrollment growth and unfunded mandates could squeeze next year’s budget; staff will return March 10 with firmer projections.
Caleb Barwin, a district staff member, told the Shippensburg Area School District finance and budget committee on Feb. 24 that the district ended fiscal 2023–24 approximately $590,000 in surplus and carried a general fund balance of about $17.2 million as of June 30, 2024.
Barwin said the district’s unassigned general fund balance was about $2.3 million and noted Pennsylvania policy limits unassigned balances to 8 percent of the budget; the district’s 2024–25 expenditures are budgeted at roughly $71.5 million. He also reviewed the capital projects reserve (about $255,000 as of January) and recommended considering moving planned capital items into that reserve so the general fund better reflects operating needs.
The presentation reviewed debt-service schedules for next year, showing about $2.5 million in scheduled payments and a budgeted debt-service figure of approximately $3.6 million for 2025–26 (Barwin…
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