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Board packet shows settlements, budget reports and a $268,000 project cancellation
Summary
Agenda materials list multiple settlement payments (including two stipulations payable to Sinai School), acceptance of Board Secretary and Treasurer reports, a SEMI revenue projection, and authorization to cancel an above-ground fuel tank project and return $268,000 to the Maintenance Reserve; transcript does not record votes.
The Teaneck Board of Education’s April 22 meeting packet included finance items that the agenda described as recommended actions by the Superintendent and School Business Administrator.
Key items in the finance section included acceptance of claims payments for March 5–April 14, 2026, totaling $7,278,801.26 and a payroll total of $5,097,708.49 for the March payroll period (the packet contains detailed fund-by-fund breakout). The packet also records the School Business Administrator/Board Secretary’s and Treasurer’s reports for the month ending March 2026, which certified that no major account was overexpended under N.J.A.C. 6:20-2.13.
The agenda lists multiple stipulations of settlement for student matters with dollar amounts: a Stipulation of Settlement in the amount of $46,700 (to Barnstable for 2026–2027 SY) and an entry listing payments to Sinai School: $116,320 for 2025–2026 and $119,809.60 for 2026–2027 related to Student ID#108143. The packet also includes a SEMI (Special Education Medicaid Initiative) alternate revenue projection request of $10,022 and an approved SEMI Corrective Action Plan (CAP) FY 2027 submission to NJDOE.
Separately, the board’s finance agenda authorizes cancellation of an above-ground fuel tank replacement project and the transfer of $268,000 back into the Maintenance Reserve from the General Fund. Multiple budget reports and monthly transfer detail pages were attached.
The meeting transcript does not include recorded votes for these finance resolutions; agenda language indicates items are presented "upon the recommendation of the Superintendent," and full financial documents are appended to the packet. Observers should consult the official minutes for recorded board action and vote tallies.
