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Delaware Valley SD schedules audit presentation, outlines budget timeline and discusses reserve funding
Summary
Board members were presented an audit schedule and multi‑month budget timeline, discussed using expected state revenues to make transfers and considered steps to fully fund health insurance and pension obligations after an actuarial shortfall.
At a Delaware Valley SD school board meeting, staff outlined the timeline for the district’s 2025 budget process, scheduled the external audit presentation next week and described intended budget transfers to align revenues, fund health insurance and reduce an actuarial shortfall in pension funding.
Staff told the board “Next Tuesday morning is the audit presentation by our auditors,” noting the management discussion would be finished and the board would accept the audit report the following Thursday, which then permits the completion of three years of…
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