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Board authorizes year-end reserve transfers and interim payment authority
Summary
The board authorized the School Business Administrator to transfer up to $1 million to capital reserve and up to $100,000 to maintenance reserve at year end, and granted interim bill-payment and change-order authority for the summer months.
The Alexandria Township Board of Education approved agenda language authorizing the School Business Administrator to transfer up to $1,000,000 to a Capital Reserve and up to $100,000 to a Maintenance Reserve at fiscal year end, contingent on available surplus and in accordance with NJSA 18A:21-1 and NJSA 18A:7G-13.
The board also authorized the Business Administrator, in consultation with the Superintendent, to remit bill payments (including electronic payments) from June 19 through August 14, 2025 without prior board approval, provided those payments are reported and ratified at the next regular meeting. Change orders for the Exterior Site Improvements Project (Spiezle project number 24K058) were authorized up to $50,000 during the same interim period.
These actions are framed in the agenda as year-end administrative authorities to ensure continuity of operations during the summer recess. The transfer amounts are presented as "not to exceed" figures and contingent on available current-year surplus; the agenda specifies statutory citations governing reserve transfers.
