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Audit shows $13.33M general fund balance; interim superintendent outlines security and budget steps
Summary
An auditor told the Pascack Valley Regional High School District board the general fund ended the year at $13.334 million and described reserve withdrawals; Interim Superintendent Phillips reported new visitor ID checks, a November power outage that canceled school for a day, and that the district is beginning the 2026–27 budget process. A 23-item finance consent agenda was announced but a motion was not recorded in the transcript.
The district's auditor presented the annual audit to the Pascack Valley Regional High School District Board of Education, reporting a general fund balance of $13,334,000 for the fiscal year and outlining how reserves and unexpended project balances affected year-end results.
"The general fund ended the year with a fund balance of 13,334,000," an auditor reported during the meeting. The auditor said that figure was down from the prior year's $14.7 million and explained that approximately $2.5 million of excess surplus was used to support…
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