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Oysterponds board places $175,000 repair-reserve proposition on May 20, 2025 ballot
Summary
The board authorized placing a proposition on the May 20, 2025 Annual Meeting ballot to fund the Repair Reserve Fund with $175,000 and raise its maximum from $50,000 to $250,000; roll call was unanimous.
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The Board of Education voted to place a proposition before district voters at the May 20, 2025 Annual Meeting seeking authorization to fund the district’s Repair Reserve Fund with $175,000 from the 2024–2025 Unappropriated Fund balance and to increase the fund’s maximum from $50,000 to $250,000.
The resolution directs the District Clerk to add the proposition to the Notice for the May 20, 2025 election. The motion passed on a roll-call vote recorded as: Stevenson - yes; Caufield - yes; Mastrangelo - yes; Johnson - yes; Foster - yes; Demarest - yes.
Proposition text in the minutes reads: "That the Board of Education of the Oysterponds Union Free School District ... is hereby authorized to fund the District’s Repair Reserve Fund in the amount of $175,000 from the District’s 2024~2025 Unappropriated Fund balance ... increase in the maximum limit of the fund from $50,000 to $250,000."
