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Upper Dublin projects modest year-end surplus; administration recommends $3 million transfer to capital reserve
Summary
Chief financial staff reported February financials and year-end projections showing revenue gains including a $1.4 million IRA reimbursement; based on projections the administration recommended a $3 million transfer to the capital reserve and the committee forwarded the transfer to the legislative board.
Upper Dublin School District’s finance director presented February 2025 financial statements, multi-month projections and a recommended $3,000,000 transfer to the capital reserve during the March 19 finance committee meeting.
Revenue and projections: The finance director said the district was tracking slightly ahead of budget in revenues due to stronger interest income and certain state allocations. The presentation noted a $1,400,000 reimbursement tied to the Inflation Reduction Act (IRA) for a Fort Washington project, which the presenter said materially increased…
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