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Radnor finance committee reports $9 million capital transfer, $25.1 million in capital resources
Summary
At its Jan. 13 meeting the Radnor Township School District finance committee reviewed fiscal-year results showing a roughly 2.9% favorable revenue variance, a $9,000,000 transfer to capital, $25.1 million in capital resources at the start of 2025–26 and an expected $2.5 million DCED grant; budget planning for 2026–27 will continue.
The Radnor Township School District finance committee on Jan. 13 received a midyear financial update that included a $9,000,000 transfer from the general fund to the capital reserve, a reported $25,100,000 in capital-project resources at the start of 2025–26, and an anticipated $2,500,000 state grant tied to the high-school project.
Mister Pauling, director of business administration, told the committee the district was balancing three fiscal cycles: closing 2024'25, operating in 2025'26 and preparing the 2026'27 budget. He said audited fund numbers used for state reporting are complete and an audit packet is expected for presentation in February.
Pauling said overall revenue finished about 2.9% favorable to budget, helped by…
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