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Board previews annual move of surplus into capital reserve for 2026 projects
Summary
Administrators told the Cliffside Park board they plan to use a routine annual resolution (No. 65) to deposit surplus funds into the capital reserve to fund upcoming boiler, roof, HVAC and other building projects for the 2026 school year.
The Cliffside Park Board of Education on May 16 reviewed an annual finance resolution that would move surplus into the district’s capital reserve to pay for future building projects.
A board finance speaker described resolution No. 65 as an annual authorization that allows the district to set aside surplus for capital projects such as boilers, roofs, floors and unit ventilators (RTUs). The administration said the surplus being set aside in 2025 would be earmarked for projects in the 2026 school year.
The speaker also said the district has engaged auditors for the end-of-year audit and plans on-site audit work at the end of summer.
No dollar amounts for the surplus were announced in the meeting transcript; the administration said more detailed planning would follow with the buildings and grounds committee and business office.
