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Board accepts donation, approves budget increases offset by reserves and unexpended funds
Summary
The Board accepted a $500 PTSA donation and approved budgetary modifications including a $44,400 increase offset by the EBALR reserve and a $32,942.10 increase offset by the unexpended 2024–25 budget; the Board also approved journal entries and financial reports.
At the June 9 meeting the Board accepted a $500 donation from the Shelter Island PTSA earmarked for student ice‑cream and authorized an increase to budget line A.2810.400.00.0000. The Board also reviewed and accepted the Treasurer’s report, extra class report, appropriation and revenue status reports, and claim and payroll audit reports for April 2025.
The Board approved two budgetary modifications: one increasing several lines (including A1325.160.00.0000 for $44,400 and A9090.802.00.0000 for $5,600) to be offset by the Reserve for Employee Benefit Accrued Liability (EBALR) pursuant to General Municipal Law §6‑P; and a second increasing A9090.802.00.0000 by $32,942.10 to be offset by the unexpended 2024–25 budget. Motions carried unanimously.
