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Interboro School Board approves $9.8 million in disbursements, several operating budgets; finance committee flags $3.6M shortfall
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Summary
The Interboro School District board on March 18 approved $9,803,539.90 in fund disbursements and adopted multiple operating budgets, while a finance committee update said the general fund still faces an estimated $3.6 million deficit despite a $455,000 improvement.
The Interboro School District Board of School Directors voted unanimously on Wednesday to approve $9,803,539.90 in fund disbursements and to adopt several external operating budgets for the 2026–27 fiscal year.
Board action included approval of the Delaware County Intermediate Unit general operating budget totaling $12,126,495, with Interboro’s share listed as $38,206.56; the Delaware County Area Vocational-Technical School budget of $19,499,583 (district average share $1,128,992); and the Intermediate Unit’s special-education intergovernmental funding agreement totaling $31,069,925, with Interboro’s share listed as $558,296. Each motion passed on roll call with affirmative votes announced during the meeting.
The vote came after the finance committee reported a modest improvement in the district’s general fund position. “The deficit was reduced approximately $455,000,” the presiding officer reported, citing recent state funding estimates. The committee also noted an initial CDE (state education) projection of about $941,000 in state funding for the fiscal year. Even with those numbers, the committee said the district faces a remaining deficit of roughly $3.6 million assuming a 1.5% tax increase.
The board also approved a contract with the Chester County Intermediate Unit to provide PIMS services from April 1 through June 30, 2026, at a cost of $11,250.
Board members moved and seconded routine items including the treasurer’s report for the month ending Feb. 28, 2026, and numerous curriculum, technology and facilities motions; each passed without substantive discussion.
On procedure and next steps, the finance committee said it will continue to evaluate cost-saving measures, review department budgets, and explore use of fund balance to reduce the projected deficit. The committee encouraged members of the public to attend the committee’s next meeting on April 7 to raise questions about budget priorities.
Votes at a glance: the fund disbursement motion (7.02) passed by voice; motions adopting external operating budgets and the special-education agreement passed on roll calls called during the meeting. Recorded roll-call participants who registered affirmative votes included Mr. Monaghan, Mr. Willis, Mr. Harris, Mr. Goldsboro, Mr. Evans and Mr. Schmitt (as read during the roll calls).
