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Petersburg schools project $278,000 pro forma deficit; district highlights $26M in facility needs
Summary
Finance director Shannon Baird told the borough and school board the district expects to spend down reserves and is modeling a $278,000 FY27 pro forma deficit; the district's code-and-condition survey identified roughly $26 million in deferred capital needs, prioritizing substructure, HVAC and electrical work.
The Petersburg School District's finance director, Shannon Baird, told a joint work session that fiscal-year 25 closed with an approximately $500,000 budget-to-actual variance and that the district is intentionally spending down a large fund balance to reach a targeted 10% reserve by the end of the current fiscal year.
"Where we ended fiscal year 25, we had another large budget to actual variance of about a half million dollars," Baird said, and she said the board has adjusted FY26 budgeting practices to account for staff attrition and vacancies. Baird said a first-draft pro forma budget for FY27, entered into a public simulation tool, shows a roughly…
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