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East Stroudsburg finance committee sets monthly reporting format, schedules January audit and lays out budget timeline
Summary
The East Stroudsburg Area SD finance committee agreed Dec. 9 to a monthly reporting format and a budget timeline, asked staff for scenarios using 0%, 2.5% and 5% Act 1 levy increases, and scheduled the district's auditors to present to the full board in January after the finance committee reviews the audit book in advance.
The East Stroudsburg Area SD finance committee voted Dec. 9 to adopt a consistent monthly reporting format and a multimonth budget schedule as the district moves into budget season.
Committee members asked staff to provide monthly finance packets that break out encumbrances and show both object-code and higher-level functional views. Staff described the object-code format (100s for personnel, 200s for benefits, 300s for professional services, etc.) as a concise way to review spending by major object and offered a longer function-based report for deeper review.
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