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Kutztown Area School District projects deeper use of fund balance; board hears plan to borrow $15 million and spend grants on HVAC and remediation
Summary
Administrators told the board the district now projects using about $987,000 of fund balance this year—about $60,000 more than earlier estimates—while outlining a planned $15 million borrowing for future projects and several grants to fund remediation and system upgrades.
Administrators for the Kutztown Area School District told the board they now project a use of fund balance of about $987,000 for the current fiscal year, roughly $60,000 worse than the district's original projection of $927,425.
The staff member presenting the budget update said revenue increases—including a $37,000 bump in basic education funding (BEF), a $39,000 increase in special‑education funding (SEF) and a charter‑school subsidy payment of about $107,000—partly offset expenditure pressures. "If you go…
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