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Byron-Bergen board approves reserve funding and commits $537,122 to employee health reimbursement accounts
Summary
The board approved 2024–25 funding of reserves (repair, capital, employee benefit and equipment/technology reserves) and adopted a fund-balance commitment of $537,122 to cover employee health reimbursement account obligations; motions passed unanimously.
The Board approved increases to several reserves for 2024–25: a Repair Reserve increase not to exceed $600,000; refunding of monies used for a chiller in the amount of $229,126; an Employee Benefit Reserve increase not to exceed $320,000; a Capital Reserve (2023) increase not to exceed $1,000,000; and an Equipment & Technology Reserve increase not to exceed $300,000. Trustees voted to approve these changes by motion, which passed 6 Yes, 0 No.
Separately, the board adopted a Commitment of Fund Balance resolution that sets aside $537,122 as of June 30, 2025, to reimburse qualifying medical expenses for employees under the Genesee Area Healthcare Plan (GAHP) D2 healthcare plan. The resolution notes that these funds are required to be available for employees subsequent to employment if not spent at retirement.
