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Guilderland board accepts clean audit, approves contracts, sets budget calendar
Summary
The board received a clean (unmodified) opinion on fiscal year 2023-24 financial statements, reviewed large OPEB liabilities and capital activity, unanimously accepted the audit and then approved routine service agreements, contract renewals and donations; key budget dates were set, including a May 20, 2025 budget vote.
The Guilderland Central School District Board of Education on Oct. 1 received the district's audited financial statements for the year ending June 30, 2024 and voted unanimously to accept the report.
An external auditor explained the statements presented a fair view and issued an unmodified (clean) opinion on the financial statements, and clean single-audit opinions for major federal programs. The presentation highlighted total assets of just over $171,000,000 and total liabilities of about $318,600,000, including an other post-employment benefits (OPEB) liability of roughly $223,000,000. The auditor also noted capital outlay of $11,496,000 during the year and proceeds from debt of $24,167,000.
"That is what is officially known as an unmodified opinion, so that is a clean audit opinion," the auditor said during the presentation.
After the audit presentation the board voted to accept the independent audit report for the fiscal year ending 06/30/2024. The motion carried on a roll call with the board recording unanimous approval.
The board then approved a series of routine items and agreements by unanimous votes: continuation of three agreements for services to students with disabilities, a site-management agreement with SMG (for graduation at the MVP, formerly Times Union Arena) for June 27, flow-through agreements for federal IDEA funds, a College in the High School agreement with SUNY Schenectady for 2024-25, two corrections to the 2024-25 tax roll, renewal of a transportation contract with Grama Group for out-of-district routes, and four donations (computer/office items, a facilities dog puppy, children's Halloween costumes and a viola). The consent agenda (minutes and routine items) was also approved.
District staff outlined the budget development timetable: enrollment data from "BEDS Day" would be available the next day to inform projections; public input for the budget would be solicited Oct. 22; the superintendent's draft budget is scheduled for presentation March 4, 2025, with a board workshop the following week and board adoption April 8; the budget vote is scheduled for May 20, 2025.
Board leaders thanked the business office and audit committee for their work producing a clean set of financial reports.
Next procedural step: minutes and all approvals become part of the district record and staff will proceed with the public-engagement and budget calendar described to the board.
