Mount Lebanon reviews finances; administration recommends AIU consortium participation and a $6,800 GASB 75 valuation contract
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Summary
The treasurer reported October transactions and projections amid an absent state budget; administration recommended continued participation in the AIU joint purchasing consortium and recommended a $6,800 contract with Holly Consulting Group for GASB 75 valuation services; monthly bills, refunds and budget transfers were presented.
The treasurer's report for October showed the district's cash transactions, monthly expenditures and revenue projections and noted the district is operating without a final state budget. The superintendent and treasurer said year-to-date expenses amount to roughly $26 million and are currently covered with local revenue, but that the district awaits state funding.
Monthly items presented included a list of checks authorized between Oct. 16 and Oct. 31, 2025; six tax refunds totaling $16,932.48; and budgetary transfers for November totaling $22,781 for athletics, uniform cleaning, registrations, staffing and health services salaries. The superintendent recommended approval of these routine items.
Procurement and contracts: Administration recommended Mount Lebanon participate in the Allegheny Intermediate Unit (AIU) joint purchasing consortium for 2026–27 to realize bulk purchasing savings; the district currently purchases electricity and natural gas through the consortium. The board discussed that some rates can be locked in multi-year and noted potential additional bulk purchasing opportunities.
GASB 75 valuation: The board was asked to approve an agreement with Holly Consulting Group to provide the district's post-retirement medical liability (GASB 75) valuation for fiscal years ending 06/30/2026 and 06/30/2027 for a total fee of $6,800; the treasurer said this was the lowest of multiple bids.
Outcome: These items were presented and recommended by the superintendent. The transcript records recommendations but does not record final roll-call votes or formal approvals for the financial items during this meeting.
Context: Board members encouraged outreach to state legislators regarding the stalled state budget funding and noted the fiscal strain of covering obligations with local dollars while awaiting state action.