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Great Valley finance committee outlines two versions of 2026–27 budget; adoption set for June 1
Summary
Finance reported two proposed 2026–27 budget versions: a version that balances to net zero after adjustments and a second that includes a $3 million transfer producing a projected $3,442,500 deficit; final adoption is scheduled for a June 1 special meeting, per the administration.
District finance staff reviewed the proposed 2026–27 budget with the Great Valley School Board and outlined two versions under consideration.
The presenter said revenue figures remained unchanged and described expenditure adjustments that reduced a preliminary deficit: special education costs were reduced by $375,000 due to vendor rate adjustments and $442,500 was removed from the capital projects transfer line. Those adjustments yielded a version one that the presenter described as balanced to net zero at the stated revenue figure.
A second version adds a $3 million adjustment to offset current-year capital-project reductions; the presenter said that approach would increase total expenditures and produce a projected bottom-line deficit of $3,442,500. The presenter described the difference as an accounting balance between the general fund and the capital projects fund and said both versions and associated fund-balance slides are attached in the board documents for public review.
Finance staff also listed several contracts and renewals slated for later action, including staffing agreements (GHR), ProAre staffing services, a Valbridge property appraisal agreement (per board policy 627), reappointment of solicitors (Whistler Pearlstein LLC) and auditors (Barbara Kane Thornton and company), student athletic insurance for 2026–27 and related service contracts. Staff noted the public-inspection materials are available ahead of a special meeting where the board will adopt the final budget.
The board was reminded that the final budget adoption will occur at a special meeting scheduled for June 1; no vote was taken at this non-voting meeting. The presenter said all supporting materials are posted in board docs and invited questions ahead of the adoption meeting.
