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Niskayuna preliminary 2024–25 year‑end: carryovers shrink, capital reserve rises by $1.01M
Summary
The district presented a preliminary close for 2024–25 showing $110.3M in expenditures, $109.5M in revenue, maintenance of a 4% unassigned fund balance, a reduction in carryover and a $1.01M allocation to capital reserve; auditors guided an accounting change that moved some IT lease purchases into the general fund under GASB 87.
The NISKAYUNA CENTRAL SCHOOL DISTRICT’s Audit & Finance Committee reviewed a preliminary 2024–25 year‑end summary showing the district ending the year "in a positive place," while discussing accounting changes and reserves.
Speaker 1 said the district finished the year with about $110,300,000 in actual expenditures and about $109,500,000 in actual revenue, and reiterated the district is maintaining an unassigned fund balance at the 4% statutory level. He said the district assigned $2,500,000 in fund balance as part of 2025–26 budget planning.
"We're ending the year in a positive place, with sufficient funds, for the…
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