Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
District reports year-end numbers and flags transfer to capital reserve; Act 1 index adjusted to 4.4%
Summary
Finance staff told the board the district ended the fiscal year 0.6% under a $103 million general-fund budget, health-care costs show a $510,000 negative variance, and administration proposed a $500,000 transfer from the general fund to the capital reserve. Officials also said Cornwall-Lebanon’s Act 1 adjusted index for 2026–27 is 4.4% (an adjustment above the base index).
District finance staff reviewed year-end financials and the Act 1 index used for tax-rate calculations.
The presenters said the general fund for the fiscal year is about $103,000,000 and is 0.6% under budget. Expenditures were below budget in purchasing and professional services but above budget for personnel costs, particularly substitute teachers. The health-care fund showed a…
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
