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Amherst Central School District audit shows revenues above budget; board reviews reserve options
Summary
District staff reported preliminary audit figures showing roughly $81.3 million in revenues—about $3.6 million over budget—and recommended how about $4.5 million in unspent appropriations and reserves might be allocated.
Mrs. Kaczynski, a district staff member, told the Amherst Central School District board the external audit is in its third week and the district is "in good shape," with preliminary numbers the auditors and staff had largely agreed on.
The district's revenues for the year were reported at about $81,300,000, roughly $3,600,000 more than budgeted, Kaczynski said. She identified three main drivers of the surplus: stop-loss payments (about $1,000,000 above plan), higher interest earnings (described in the presentation as about $400,000 above budget), and greater-than-expected excess cost aid for special education. "We're in week 3 of our audit and it's going very well," Kaczynski said.
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