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Officials credit Impact Aid closeouts, lower health claims and custodial savings for district's larger fund balance
Summary
Administrators told the board that a combination of an Impact Aid closeout payment, a $5 million health-plan improvement and custodial contracting/vacancy savings explain a stronger-than-expected fund balance; they also explained stop-loss reimbursements and the difference between state and borough fund-balance calculations.
Board members spent substantial time probing why the district's fund balance grew more than expected and whether those gains are durable.
Chief Operations Officer Mister DeGraw said three main factors explain the increase: fewer enrollees in the district's self-funded health plan (which produced approximately $5 million in savings), higher federal Impact Aid receipts (administration raised its FY27 projection to just shy of $16 million), and contracting out custodial services (about $2 million in lower actual costs last year). DeGraw said the district also received stop-loss reimbursements when consultants processed large claims at…
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