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Goshen board hears May finances; library and Glennard pilot repayment plans discussed
Summary
The assistant superintendent for business reported May expenses of $7.4 million and year-to-date expenses of $81.9 million; the board heard proposals to accept a two-year repayment of roughly $133,000 from the library and a potential two-year repayment plan for a Glennard pilot amounting to about $1.1 million if a Sept. 1 closing occurs.
At the June 15 meeting, the assistant superintendent for business (name not spoken in the transcript) provided the board with routine financial results and several repayment proposals.
The business administrator reported May expenses of $7.4 million and May revenues of $6.25 million; expenses through May were $81.9 million (about 85% of the district’s total budget) and the district had earned $91.6 million through May (98.8% of budgeted revenues). Interest earnings for the month were reported at $14,000.
On other financial matters, the administrator said external auditors had completed initial fieldwork and would return in August to finish and issue a report in October. A construction-manager RFP had been distributed to 10 firms but produced only one response; staff intend to discuss reissuing the RFP to encourage more competition.
The board was told a library partner proposed repaying approximately $133,000 in tax arrears over two years rather than in a single payment; staff said they would prepare a resolution if the board agreed. The business administrator also noted the Glennard pilot repayment (about $1.1 million, not including interest and penalties) may close Sept. 1 and said the town, village, school and county are part of the agreement; repayment terms under discussion would span two years.
No formal votes on repayment terms or the construction RFP were taken at the public session; staff said they would prepare required resolutions and bring them to the board.
