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Eastern York finance team reports year-end surplus, flags health-insurance costs and outlines capital wish list
Summary
Finance staff told the Operations Committee the district closed the year with an adjusted profit (after transfers), an ending fund balance of $10,691,000 (unassigned 6.68%, below the 8% threshold), noted a $400,000 spike in prescription costs driving benefit concerns, and presented a capital wish list including HVAC, elevator refurbishment and a forklift.
Eastern York School District — District finance staff gave the Operations Committee a detailed year-end review and capital-planning update, reporting positive results compared with the original budget but noting ongoing cost pressures in health insurance and several capital needs.
The presenter said the district budgeted a $2,337,000 loss but closed with a $20,000 profit. After a $1,000,000 transfer from the general fund to capital reserve the adjusted result was effectively a $1,000,000 positive swing. "We have an ending fund balance of $10,691,000," the presenter said, adding that the unassigned fund balance stands at about 6.68% of budgeted…
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