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Board accepts audited financials, approves transfers to capital and teacher retirement reserves
Summary
The board accepted the district’s FY 2024–25 audited financial statements, heard that the district ended the year with an operational surplus of about $6.0 million, and approved resolutions to add $1,463,249 to the capital reserve and $690,197 to the teacher retirement reserve to strengthen reserves for 2025–26.
The Victor Central School District Board of Education accepted audited financial statements for the fiscal year ending June 30, 2025, and approved two reserve funding resolutions at its Oct. 16 meeting.
Christine Griffin, Assistant Superintendent for Business, summarized the audit and told the board that the district finished fiscal 2024–25 “on a strong note” with an overall operational result of about $6.0 million and an unappropriated fund balance of $4.39…
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