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Niskayuna reports preliminary 2024‑25 year‑end with reserves increased for capital projects
Summary
District staff told the audit and finance committee the preliminary 2024‑25 close shows the district maintaining a 4% unassigned fund balance, a reduction in carryover encumbrances and an additional allocation to the capital reserve of about $1.01 million.
District finance staff presented a preliminary year‑end summary for 2024‑25 to the Niskayuna Central School District audit and finance committee, reporting a positive close with actions to preserve fund balance and increase capital reserves.
The presenter said the district is maintaining the permitted 4% unassigned fund balance and has increased the capital reserve by about $1,010,000 as the books are closed. The presenter told the committee that actual expenditures were roughly $110,300,000 and actual revenues about $109,500,000, noting that…
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