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Northvale board sets $53,000 bid threshold, approves transfers of up to $320,000 to reserves
Summary
The board appointed a Qualified Purchasing Agent, set the 2026–2027 bid threshold at $53,000, and approved transfers of surplus to capital and maintenance reserves (up to $300,000 and $20,000 respectively). Several contracts and monthly disbursements were also approved.
At its June 25 meeting the Northvale Board of Education approved multiple finance items (F-1 to F-39), including designation of banking depositories, monthly warrants and contract renewals. The board formally named Susan Dykstra as the district’s Qualified Purchasing Agent and set the board’s bid threshold at $53,000 as allowed under N.J.S.A. 18A:18A-3.
The board also approved transfers of surplus to reserves: a transfer not to exceed $300,000 to the Capital Reserve and a transfer not to exceed $20,000 to the Maintenance Reserve to support the district’s long-range facilities plan (F-35). The finance package included routine payments (June bill list $304,607.67) and renewals such as the district’s student accident insurance for $2,604.10 and a shared-services technology support agreement for $120,074.40.
