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Finance committee advances routine business: audit accepted, equipment purchase and CCIU audit recommended
Summary
The Jan. 21 finance committee accepted the district's clean single audit, advanced an equipment purchase ($37,776.84) and recommended a Chester County IU infrastructure audit, moved year‑end transfers and a food‑service transfer of $17,746.33, and advanced several routine agenda items to the legislative meeting.
At its Jan. 21 meeting, the Upper Dublin School District finance committee handled several routine financial and operational actions.
The committee accepted the district’s single audit (a 107‑page report), which administration said carried an unmodified (clean) opinion for both financial statements and federal awards with no material weaknesses or significant deficiencies. “I am certainly happy to report that our auditors issued an unmodified opinion,” administration said.
An equipment purchase for grounds — a Kubota RTV through a Sourcewell contract from Eagle Power Equipment — was presented at $37,776.84 and moved forward; administrators noted the purchase was budgeted and intended for shared use across grounds, security and athletics. The committee also recommended engaging Chester County Intermediate Unit (CCIU) to perform a technology infrastructure review; administration said that CCIU offers subject‑matter expertise, independence and that the work is within the technology budget.
Other routine motions the committee advanced included acceptance of the December minutes, disposal of listed excess/obsolete equipment, current‑month and year‑end budget transfers linked to the audit closeout process, and a required food‑service fund transfer of $17,746.33 to cover uncollectible meal balances. Finance staff reported receipts at 83% of budget year‑to‑date and expenditures at about 42%, in line with last year; property tax collections were at 97.4% and roughly $705,000 was delinquent at year end (six commercial properties accounted for about $260,000 of that total).
The committee received an informational update on bond refunding eligibility for 2018, 2019 and 2020 series; administration said PFM estimates net savings of roughly $362,000–$364,000 for the 2018 and 2019 series if refunded and identified target sale and settlement dates. No formal committee approvals were required for the bond refunding update.
