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Finance committee reviews contracts, E‑Rate fiber renewal and capital forecast as fund balance dips
Summary
The finance committee reviewed five contracts including a Crown Castle fiber renewal at $10,800/month (E‑Rate eligible), discussed outgoing capital expenditures that reduced the capital fund balance to an estimated $5.8M, and heard a multi‑year budget forecast showing pressure from rising salary/benefit costs and reduced revenue growth.
Pennridge SD’s finance committee on Feb. 10 reviewed vendor contracts, bid plans and a multi‑year budget forecast that showed capital reserves drawn down after two large years of projects and continuing pressure on operating revenues amid rising personnel costs.
Contracts and procurement: Sean (district contracts presenter) reviewed five contracts brought forward in committee materials: LearnWell (educational services) at $59.75 per hour for identified students; Huntington Creek Recovery Center for educational services at $37.25 per hour (parent district will pay placement costs); a Central Middle School field trip to the Reading Fightin Phils on May 27 (parent pay; cost shown as $2,090); a graduation rental for seating (vendor name referenced but rental cost not specified in excerpt); and a Crown Castle Fiber renewal for the district’s wide area network at $10,800 per month (the district noted the contract…
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