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Forest Hills reports $5.9M swing, approves multiple procurement recommendations
Summary
At its Oct. 21 meeting the Forest Hills Board heard a finance report showing roughly $2 million in additional revenue and $3 million in lower expenses that together leave the general fund about $5.9 million stronger than projected; staff presented procurement recommendations including a $148,000 network subscription and equipment requests for food service and AED replacements.
The Forest Hills Board of Education on Oct. 21 received a finance report noting an atypical fiscal year that added roughly $2 million more in revenue and spent about $3 million less than expected, leaving the district's general fund roughly $5.9 million higher than earlier projections.
"We ended up receiving about $2,000,000 more last fiscal year than we expected," said Dr. Michelle, who delivered the finance presentation to the board. She said higher property-tax collections, increased rental income and one-time state and federal grants contributed to the change, and the business office reported an unmodified audit opinion for the fiscal year ended June 2024.
The report listed several action items the administration recommended the board approve: a five-year subscription to the Extreme Cloud IQ network-management platform paid upfront (one-time cost stated as $148,000 from the general fund); replacement kitchen equipment at Central High School to be purchased from a cooperative not to exceed $81,000 from the food service fund; and replacement of 24 automated external defibrillators (AEDs) at a cost not to exceed $34,000 from the general fund. The administration also asked to add McGraw Morris to the district's roster of legal firms for the remainder of the fiscal year and reported two property-tax reimbursements totaling $17,071.36.
Board discussion emphasized these were largely one-time or capital uses of the improved balance: "So all good things," Dr. Michelle said, urging caution because much of the revenue gains were nonrecurring. She said the district's general fund balance now sits at about 18.1% of annual expenses, up from a projected roughly 13%.
No formal vote on the listed procurement items or the consent grouping is recorded in the transcript excerpt; the board proceeded with the agenda after the finance presentation.
