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Finance committee previews Policy 616 changes and budget timeline as state, federal funding remain frozen
Summary
At a finance committee meeting, staff outlined a change to Policy 616 to permit advance payments through a board treasurer role, reviewed the Act 1 index decision due in November, and warned that state budget impasse and a federal shutdown have frozen program reimbursements, leaving local revenues and reserves to cover operations.
Unidentified Speaker 4, speaking at a finance committee meeting of the Colonial School District, introduced Policy 616 (payment of bills) and said the recommended modification replaces the role of 'board secretary' with 'board treasurer' so the district can make advance payments to capture vendor discounts and process approved contractor payments.
‘‘This policy is policy 616, payment of bills,’’ the speaker said, noting the change adapts language from the Pennsylvania School Boards Association (PSBA). The speaker described existing checks…
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