Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Education Finance topic
No spam. Unsubscribe anytime.
Superintendent reports unaudited deficit, reserve levels and AP/regents performance
Summary
The superintendent presented three unaudited financial documents showing an approximate $620,000 deficit (before fund-balance appropriations), noted recent BOCES aid and planned reserve draws for bus purchases, and highlighted strong AP and regents results in several subjects.
District administration presented unaudited financial statements and student-assessment highlights at the organizational meeting.
The superintendent said the district’s unaudited results show a deficit of about $620,000 that does not yet reflect a $1.2 million appropriation from fund balance. He told the board a recent $128,000 BOCES aid payment will reduce the deficit and that, after final entries, the shortfall is likely to decline further. The superintendent said the district holds about $3.4 million in reserves in addition to unassigned fund balance.
Planned spending from reserves was also described: staff said the capital reserve will cover the purchase of three buses this month (cited around $567,000) and the repair reserve will be drawn down by about $700,000; the superintendent said the board should consider whether to replenish those reserves from unassigned fund balance.
On academics, the superintendent summarized AP and regents outcomes: 47 students took AP exams across seven courses, with five classes achieving a 100% qualifying rate for college credit and generally strong regents pass rates (for example, biology pass rate reported at about 85%, above the statewide average). He said the district uses platforms such as Tableau and NWEA to analyze item-level data and guide instructional adjustments.
Board members asked clarifying questions about revenue sources and whether certain costs (for field/rental use) were adequate relative to wear and tear. Staff said contracts require users to return facilities to pre-event condition, and that fee-schedule adjustments will be considered when contracts renew.
