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Finance committee backs plan to replenish capital reserve with $9M transfer from general fund

Radnor Township School District Finance Committee · October 14, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Staff proposed transferring about $9 million from the general fund into Fund 32 (capital reserve) to replenish capital resources after recent roof and HVAC spending; district staff said the transfer is consistent with the multi‑year capital plan and will not endanger the district’s AAA rating.

District finance staff told the committee they plan to transfer approximately $9,000,000 from the general fund to the capital reserve (Fund 32) as part of year‑end fund‑balance commitments. The funds would replenish capital resources spent on recent projects such…

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