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Finance committee reports chillers, paving and uses Act 1 index as budget planning parameter
Summary
The district’s finance committee reported replacement chillers at the high school and Schwenksville, completion of paving projects and a proposed ESCO timeline; the presentation included an Act 1 index planning parameter of 4.0% used for early budget projections.
The Perkiomen Valley School District finance committee gave trustees an update on capital projects that are already complete or underway. Joe Fabrizio said the high school’s first replacement chiller was "installed and up and running in record time" and that a second chiller should be operational by the end of the week. He added the Schwenksville chiller has been replaced, campus‑wide paving and striping is complete and several interior flooring and gym refinishing projects have finished.
Finance committee leadership summarized ESCO work (listed as ESCO 4.0, 5.0 and related exhibits) and presented an early timeline tied to Act 1 planning. Committee members said they are using a 4.0% Act 1 index as a planning parameter for the 2025–26 budget cycle; presenters noted that a 4.0% index would be associated with an approximate revenue change in the low single‑millions (committee cited a figure of roughly $3.25 million for planning context rather than a formal recommendation).
The committee also described a long‑standing request to add track and field signage at Kenan Stadium (a 10‑by‑24 foot sign placed to the right of the scoreboard with lighting and positioned roughly 7 feet above ground) and ratified additional high‑school painting work following an earlier approval.
Those informational and committee recommendations will return to the full board for formal resolution when administrative paperwork and timelines are complete; the meeting record shows the committee recommended moving several business items into the consent agenda for ratification.
No new tax or budget resolution was adopted at this meeting; the Act 1 index figure was presented as a planning parameter only.
