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Avon board authorizes up to $565,000 transfer from unallocated fund balance for buses and reserves
Summary
The Board approved a resolution authorizing transfers of up to $565,000 from unallocated fund balance—up to $230,000 to the Capital Fund for bus purchases, $155,000 to the TRS Reserve and $180,000 to the 2024 Bus Capital Reserve—plus a transfer from the Unemployment Reserve to cover claims.
The Avon Central School District Board voted to transfer up to $565,000 from the unallocated fund balance as of June 30, 2025, to fund approved bus purchases and to bolster retirement and bus capital reserves. The resolution authorizes up to $230,000 to the Capital Fund for bus purchases, up to $155,000 to the Teachers’ Retirement System (TRS) Reserve, and up to $180,000 to the 2024 Bus Capital Reserve; approximately $2,000 will transfer from an Unemployment Reserve to cover claims incurred during the fiscal year. The motion carried 4–0 with one absence.
Board members framed the transfer as a routine year‑end allocation to match known expenditures and planned capital needs. The resolution provides flexibility to allocate available year‑end funds to several reserve accounts tied to transportation and retirement liabilities.
