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Seaford School District reports steady revenues but flags contract negotiations and reserve use
Summary
The board received a monthly financial report showing the district around 75% through the fiscal year, roughly $9.3 million expended to date, about $4 million in discretionary operating funds remaining and local salaries of $10.5 million; staff warned ongoing contract bargaining could reduce reserves.
At the April 20 board meeting, a district staff member presented the monthly financial report and walked trustees through year-to-date spending and revenue trends.
The presenter said the district is about 75.1% through the fiscal year and has expended approximately 66.2% of budgeted amounts, with roughly $9.3 million expended and about $4 million remaining in…
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