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Salisbury Township board reviews treasurer's report; capital funds show $1.449M from land sale
Summary
The board reviewed and approved the July treasurer's report Aug. 13; the district reported $1,449,000 in land-sale proceeds, $316,000 allocated to capital (vehicle replacement), and $63,000 growth on land-sale funds. The report passed with one no vote.
The Salisbury Township School District board approved the July 2025 Treasurer's Report on Aug. 13 after the treasurer outlined the district's fund balances and a new capital breakdown.
Key figures: the treasurer reported $1,449,000 in land-sale proceeds and $316,000 allocated toward capital projects (noted as the vehicle replacement plan). The board noted $63,000 in growth tied to land-sale funds and approximately $29,000 from equipment sales (old mowers and trailer). The treasurer also said the year-end audit was not yet complete and that June figures would be added once the audit was finished.
Why it mattered: trustees discussed monitoring the governor's budget and potential impacts on state funding; the treasurer said the district is beginning to receive tax revenue and does not anticipate financial burdens this year. Trustees approved payment of bills and the treasurer's report; one trustee voted no on the Treasurer's Report during roll call.
Additional finance actions: the board approved the audited-related workflow to integrate CSIU five-year planning modules and said it will review other districts' formats for year-end projections.
The board did not adopt any new budget measures at the meeting; administration and the finance committee will continue monitoring state budget developments and grant funding changes.
