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Board approves district audit showing smaller-than-expected use of fund balance
Summary
The South Fayette board approved the 2024–25 audit after auditor Steve Niedenberger presented financial results showing about $73 million in general-fund revenue, roughly $76 million in expenditures, and an actual use of fund balance near $1.9 million — less than the budgeted $5.0 million.
The South Fayette Township School District board on Monday approved the 2024–25 audit after an auditor summarized the district’s financial position and answered questions from board members.
Steve Niedenberger, the presenting auditor, said the district reported roughly $73 million in general‑fund revenue and just over $76 million in general‑fund expenditures for 2024–25, producing an actual use of fund balance of about $1.9 million compared with a budgeted use of just over $5.0 million. He highlighted capital-projects fund assets of about $27.3 million and noted bond proceeds of about $29.9 million from 2024–25 issuances that were transferred to capital projects for future work. Niedenberger said student‑activity and fiduciary balances were also reviewed and that the district received a clean opinion on federal expenditures subject to the single‑audit requirement.
When board member Len Fornella asked whether the shortfall in delinquent‑tax collections was simply a timing issue, Niedenberger said it was: “Your current real estate tax collector . . . was a little tardy getting the information to the delinquent collector,” and that collections delayed into the next year largely explained the variance.
The board moved to approve the audit as the business‑office item for the evening; Tom moved the motion, Esther seconded, and a voice vote was taken. The chair announced the motion carried.
Niedenberger emphasized that, despite some timing issues in tax collections and transitions in the business office, the audit showed overall fiscal management, and no material weaknesses were identified in federal‑expenditure controls in the single audit. The auditor noted certain capital and maintenance items will require further study and that staff will provide follow‑ups on specific estimates cited in the presentation.
The board’s approval was recorded by voice vote; no roll‑call tally was provided during the meeting.
What’s next: the board previewed additional items for next week’s consent agenda, including a resolution to accept a Ready‑to‑Learn equity supplement and recommended bus purchases tied to the forthcoming 2026–27 transportation budget.
