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Board renews transportation contract and authorizes transfers into reserve accounts
Summary
Board approved a Scholastic Bus Services renewal (four routes at $316.97 per diem per route; total $228,215.26) and authorized transfers of current-year surplus to capital and maintenance reserve accounts under N.J.S.A. 18A:7F-41.
The Board approved renewal of transportation services with Scholastic Bus Services for four bus routes in 2025–26 at a per-route per-day rate of $316.97, for a total annual cost recorded as $228,215.26 (resolution 225-439). The renewal was adopted as part of the finance agenda on a roll-call vote recorded in the minutes.
Separately, the Board adopted resolutions authorizing the School Business Administrator to transfer anticipated current-year surplus into Capital Reserve and Maintenance Reserve accounts pursuant to N.J.S.A. 18A:7F-41 (resolutions 225-440 and 225-441). The minutes state the transfers are to be made 'up to the legal limit' and executed consistent with applicable laws and regulations.
