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Board hears clean audit, reviews $1.7M in surplus and planned HVAC grant funding
Summary
At a board meeting, district finance staff presented a completed audit with no recommendations, reported $1.743 million in excess surplus and discussed using reserves for a gym-floor repair and a $2.0 million HVAC project supported by an SBA-linked grant; the corrective action plan will be posted to the State.
The Greater Egg Harbor Regional High School District received its completed audit and an overview of fund balances at the board meeting. Speaker 2, who presented the audit materials, told trustees the audit yielded no recommendations and that the district will post a corrective action plan to the State of New Jersey as required.
"The top line is reserved for excess surplus, 1,743,000," Speaker 2 said, then walked the board through reserve categories and…
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