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Board establishes retirement and tax certiorari reserves, moves $400,000 and $72,000 respectively
Summary
The board approved funding a Retirement Contribution Reserve (A827) up to $400,000 from unassigned fund balance and re-established and funded a Tax Certiorari Reserve (A86400) with $72,000 based on tax-year 2025 petitions.
On the recommendation of the superintendent, the board approved reserve transactions for the 2025-2026 school year. The board authorized funding the Retirement Contribution Reserve (A827) in an amount up to $400,000 using the Unassigned Fund Balance (A917) to cover future Employee Retirement (ERS) expenses.
The board also re-established the Tax Certiorari Reserve (A86400), citing Education Law §3651(1-a), and funded it with $72,000 based on petitions filed for the 2025 tax year. Both measures were approved as part of the Financial Consent Agenda.
