Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Rumson-Fair Haven board approves tentative $26.94 million budget, schedules April 24 public hearing; OKs $1.10M roof work
Summary
The board approved a tentative FY2024-25 budget totaling $26,938,567, authorized a $1,095,791 capital reserve withdrawal for a partial roof replacement (DOE Project #4580-050-23-R501), and set a public hearing for April 24, 2024 at 6:30 p.m.
The Rumson-Fair Haven Regional High School Board of Education approved a tentative budget for the 2024–25 school year totaling $26,938,567 and authorized the School Business Administrator to submit it to the Executive County Superintendent for review.
School Business Administrator Sean S. Cranston presented the budget using the 2024–25 state aid figures. The resolution lists anticipated revenues of $4,903,573 and taxes to be levied of $22,034,994. The board set a public hearing on the tentative budget for April 24, 2024 at 6:30 p.m. in the district Learning Commons at 74 Ridge Road, Rumson.
As part of the budget package, the board approved a $1,095,791 withdrawal from Capital Reserve to fund a partial roof replacement, identified as DOE Project #4580-050-23-R501. The district described the work as "other capital projects costs namely a Partial Roof Replacement," and delegated supervision of the project to School Business Administrator Sean Cranston.
The resolution also included a $400,000 withdrawal from the Maintenance Reserve Account for required maintenance activities reported in the comprehensive maintenance plan, pursuant to N.J.A.C. 6A:23A-14.2(d).
Board members voted unanimously to approve the tentative budget and the reserve withdrawals. The administrative presentation included required statutory references; Mrs. McGinty read the Open Public Meetings Act compliance statement earlier in the meeting.
The budget will be advertised as required and may be amended after public comment at the April hearing. The Board’s action begins the statutorily required county review and public-notice process.
