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Yough finance staff presents audit and PDE grant plan; board approves staying within Act 1 index
Summary
Finance staff reported that the 2023–24 audit has been filed and accepted by state and federal reviewers, and the board approved a resolution to remain within the Act 1 index for the 2025 tax year. The district presented plans to seek an investment-grade audit by Schneider Electric for two PDE energy grants that require a 25% local match.
Yough School District finance staff told the board that the district's 2023–24 audit has been completed, filed with the Pennsylvania Department of Education and the Federal Clearinghouse, and accepted by both reviewers.
Mr. Myers said the district's Act 1 index is 5.4 mills and that the board must stay within the Act 1 index of 4.98 mills for the 2025 school year; the board approved a bundled motion that included the resolution to stay within that index. The bundled motion was moved by Gardner, seconded by Umlander and approved by all board members present.
Myers also briefed the board on two Pennsylvania Department of Education (PDE) grants awarded to the district for high-school window replacement and high-school HVAC upgrades. He told the board that administration requested authorization for Schneider Electric to start an investment-grade audit and begin the design phase for the two PDE grants; Myers said the grants require a 25% local match totaling roughly $600,000 and that the current plan is to use the district's fund balance to pay that match.
The finance report included a note that the capital reserve (construction activity) fund showed no activity for the last month and carried a balance of $81,994. Finance staff said a more detailed budget performance report format was provided to the board that shows expenditures by function and object.
The board did not record extended debate on the items; the audit filing and the Act 1 resolution were presented as routine business. The Schneider Electric investment-grade audit and design authorization were described by staff as an item on the agenda for board approval; the transcript records the staff request and grant-match details but does not record a separate explicit roll-call vote approving Schneider Electric in the excerpts provided.
