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Audit shows $2.01M fund‑balance gain; early look at 2026–27 budget shows $3.6M shortfall
Summary
Audited 2024–25 variances produced a $2,009,942 increase to the district fund balance; administration’s early 2026–27 budget shows revenues of about $54.9M against $58.5M in expenditures, leaving a projected $3.6M shortfall before any Act 1 index action.
District administrators presented audited final variances for 2024–25 and an early look at the 2026–27 budget.
For 2024–25, the audit showed revenues were about $2.3 million higher than projected and expenditures were roughly $700,000 lower, yielding a net $2,009,942 increase to the district’s fund balance. Administration attributed the variance to higher-than-expected local real‑estate tax collections (about $300,000), increased earned income tax (EIT) receipts (about $200,000), an additional $120,000…
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