Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
District reports roughly $200,000 surplus; plans $100,000 write-off of special-education liability
Summary
A district official reported the Sayville Union Free School District finished the year with about $200,000 in revenues over expenditures, plans to write off roughly $100,000 of accrued special-education summer-program liabilities, and expects year-end fund-balance growth of $50,000–$100,000 depending on pending retiree billing.
Robert, speaking to the board, said the district closed the fiscal year with a positive balance: "So we finished the year, somewhere around 200,000, on the plus side, revenues over expenditures." He said the district has roughly $500,000 in accrued liabilities tied to summer special-education programs and proposed writing off approximately one year's worth—about $100,000—to clean up prior accruals.
Robert told trustees that after those adjustments the fund balance should increase "somewhere between 50 and 100,000" when outstanding items are resolved. He noted the district is monitoring a teachers retirement system bill that could affect final numbers and said the administration typically takes a conservative approach to year-end accounting.
