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Fox Chapel Area School District board accepts audit, approves contracts, policies and five-year SEIU pact
Summary
At its January meeting the Fox Chapel Area School District board accepted the fiscal year 2023–24 audit, approved multiple contracts and policy revisions, and ratified a five‑year collective bargaining agreement with SEIU Local 32BJ. The board also approved routine disbursements and budget transfers and voted to stay within the stateAct 1 index.
The Fox Chapel Area School District Board of School Directors on Wednesday accepted the district—s fiscal year 2023–24 financial statements, approved several vendor contracts and policy updates, and ratified a five‑year collective bargaining agreement with Service Employees International Union (SEIU) Local 32BJ.
The district—s auditor reported an unmodified opinion on the financial statements. "Your unassigned fund balance is 9,900,000 dollars, which represents 8.6% of your budgeted expense," the presenter said, noting that the district—s unassigned balance falls within commonly recommended ranges. The auditor also summarized revenues of about $116,000,000 for the year and expenditures of about $111,000,000, with transfers of $2,400,000 into capital project funds and a net increase in fund balance of roughly $2,028,000.
Why this matters: The audit and the board—s actions set the district—s financial posture ahead of the 2025–26 budget…
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