Finance committee: district revenues up about $720,000; audit presentation delayed to December

The Tredyffrin‑Easttown School District finance committee reported a modest revenue uptick and continued budget monitoring, with staff projecting the district remains on track for its budget and capital commitments.

Finance chair Dr. Roberta Hatinsky said assistant business manager Richard Livergood reported local revenues are approximately $720,000 higher than the prior year, driven primarily by stronger real estate tax collections, increased investment income and higher real estate transfer taxes. Hatinsky said instructional expenses are higher this year and noted year‑to‑date expenditures and encumbrances are 76.4% of budget compared with 78.4% at the same point last year. The committee reported total general fund expenses and encumbrances as of October at $141,952,747.

An anticipated audit presentation was delayed because of staffing transitions at the audit firm; the firm expects to present the audit at the December finance meeting and anticipates issuing a clean opinion. The delay was not expected to affect the district’s ability to submit its annual financial report to the Pennsylvania Department of Education on schedule.

The committee also previewed the district’s budget‑development calendar: a first look at the 2025–26 budget at the December meeting, two budget workshops in March and April, and final budget adoption anticipated in June.

Next steps: the finance committee will receive the audit report in December and continue budget deliberations ahead of spring workshops and the June vote on the final 2025–26 budget.