Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Lewisburg Area SD reports roughly $3.0 million surplus; board weighs transfer to capital vs. tax relief
Summary
Business manager Kyle reported a roughly $3.0 million surplus for 2024–25 driven by stronger-than-expected property and earned-income tax collections and a new state adequacy supplement; the board discussed transferring up to about $3 million to capital projects while keeping the rest in assigned fund balance for contingency or potential tax relief.
At a regular Lewisburg Area School District board meeting, business manager Kyle told the board the district closed 2024–25 with an approximate $3,000,002.38 surplus, citing higher-than-budgeted property and earned income tax collections and an unanticipated state adequacy supplement of about $103,000.
Kyle said total actual expenditures for the year were approximately $41,080,828.02 versus budgeted expenditures in the low $42 million range, with underspends concentrated in support salaries (about $190,000 under budget) and benefits (about $400,000 under) due to hiring timing and benefit elections. “We came in a little under budget,” Kyle said during the presentation and outlined how contracting the athletic director position and unfilled maintenance posts contributed to lower salary and benefit…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
