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Finance director: district finances largely on track but charter cost and special‑education settlements will increase expenses
Summary
The finance presentation said revenue collections are near typical levels and payroll is on target, but recent legislative changes and pending special‑education settlement agreements will raise charter and settlement expenses in coming months.
Ms. Gathers presented the finance package and told the board revenue and payroll are “very consistent across board,” with tax collections for the city, township and borough at roughly the mid‑90 percent range for the first half of the fiscal year.
“Typically, after about January, this starts dropping off,” Ms. Gathers said, and collections after February move into the district’s delinquency process. She said charter school expense projections for the first half of the fiscal year were lower than expected but that adjustments to per‑student rates finalized in November will produce an uptick in charter payments in the coming months.
When asked whether the district is “in the black” overall, Ms. Gathers said the district appears “pretty much on point” based on current information, but she cautioned that “some additional expenses are gonna come into what was budgeted, mostly because of this charter school change in the process.”
Ms. Gathers told the board that about seven agenda items were grant‑related, four were special‑education settlement agreements and the remainder were conference attendance items. She said settlement agreements are budgeted within the special‑education budget but that full details on individual agreements are limited in the public packet because of student privacy.
The board did not take formal votes on finance items during the meeting.
