Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
District finance update: fund balance, state budget uncertainty and tax-index note
Summary
Business officers told the board the district expects an audited fund balance in December and that preliminary results show a roughly $1.34 million deficit impact attributable to committed capital reserves; staff said unassigned reserves remain adequate by policy and that uncertainty persists while the state budget is unsettled.
Haverford Township School District finance staff presented a budget update Sept. 4 showing preliminary year‑end figures and guidance for the 2025–26 budget cycle.
The district reported it began fiscal 2024–25 with a fund balance of about $19.84 million and, before audit, expects to close the year at roughly $18.5 million. Finance staff characterized the net movement as a roughly $1,341,000 deficit impact driven in part by capital commitments (capital projects reserved in fund balance). Officials…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
