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Finance office: general fund cash runway to April; board asked to approve Act 1 accelerated resolution
Summary
Business office forecasted general‑fund cash to extend to about April and urged the board to adopt an accelerated Act 1 resolution (stating the district will not exceed the 4.3% Act 1 index) so the administration can finalize a budget on the usual schedule; scenarios show potential deficits of $1.1M–$4.1M under varying state/federal outcomes.
The Mill Creek Township School District’s finance office told the board on Nov. 10 that the district’s general fund cash position would likely sustain operations through roughly April if state and federal appropriations remain delayed, and recommended that the board approve an accelerated Act 1 resolution stating it will not raise taxes above the Act 1 index (4.3%).
Business manager Aaron O'Toole presented a condensed forecast and four scenarios: using the governor’s proposed state budget, holding state funding flat, and variations that include…
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