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Board sets 2024–25 tax levy at $11,496,884, accepts audit and funds repair reserve

Shelter Island Union Free School District Board of Education · October 15, 2024
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Summary

The board approved the 2024–2025 school tax levy of $11,496,884, accepted the audit for the fiscal year ending June 30, 2024, and funded the Repair Reserve with $229,673 from excess 2023–2024 fund balance.

The Shelter Island Union Free School District Board of Education set the total 2024–2025 school tax levy at $11,496,884 and accepted financial reports and budget transfers presented by the administration.

Board members also accepted the audit reports for the fiscal year ending June 30, 2024. The board voted to fund the district’s existing Repair Reserve pursuant to General Municipal Law Section 6‑P with $229,673 from the 2023–2024 excess fund balance to plan for future capital expenses. The motions carried.