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Finance committee preview: modest pre-capital surplus, $15M proposed general-fund transfer to capital and multiple items advanced to action
Summary
CFO Hauser presented a budget preview showing a narrower-than-budgeted year-end deficit and a preliminary next-year surplus before transfers; the committee advanced several procurement and settlement items to action including ParentSquare, Cornerstone cash-management selection and a First Student extension.
The North Penn School District Finance Committee received a comprehensive budget preview on April 7 that showed a smaller-than-expected current-year deficit and a cautious plan for next year that includes a proposed $15 million transfer from the general fund to capital.
Ms. Hauser told the committee the district's projected year-end deficit has narrowed to roughly $1.7 million compared with a $9 million budgeted shortfall, and staff currently project about a $1.6 million surplus before transfers for next year. Those figures exclude a planned $15 million general-fund transfer to capital that the administration proposes to use for the high school…
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