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District finance director says federal awards updated; state subsidy delays unlikely to cause cash-flow problems
Summary
CFO Christopher Lyonetti told the board the federal Title I/II/III award total is $1,364,340 (about $33,165 less than budgeted) and that state subsidy delays might hold roughly $8 million in expectation but are not expected to create a cash-flow problem this fall.
The Abington School District’s chief financial officer, Christopher A. Lyonetti, updated the Board of School Directors Aug. 12 on federal award changes and the status of state subsidy payments as the district enters the 2025–26 school year.
Lyonetti said the Federal Programs grant process reopened for 2025–26 with updated award figures for Titles I, II and III. "The total award is $1,364,340, which is $33,165 less than the amount…
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