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Sayville finance chief outlines multi-year plan to stabilize reserves and boost state aid
Summary
Assistant Superintendent for Finance Robert Bartels presented short- and long-term strategies to slow reserve use, maximize state and BOCES aid, pursue grants and plan capital projects, including using upcoming debt-service drops to finance a future bond.
Robert Bartels, the district—s finance lead, told the board on Sept. 11 that the district must shift from drawing down reserves to balancing revenues and expenditures and described steps intended to steady the budget over several years.
Bartels said the district has used reserves in recent years and should limit future withdrawals to a set percentage to avoid depleting specific reserve lines. "One of the ways we do that is we have to look at all of our available funding sources," Bartels said, and he described…
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