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Board approves $2.6 million committed fund balance for future capital projects
Summary
The board adopted a Committed Fund Balance Resolution to set aside $2,600,000 for future capital projects, an increase of $600,000 over the prior committed amount; vote was unanimous.
On June 1 the South Williamsport Area School Board approved a resolution to commit $2,600,000 of fund balance for future capital projects. The motion, moved by Steve Rupert and seconded by Todd Engel, passed on a roll-call vote with all six members voting yes.
The minutes note this committed amount is $600,000 greater than the district’s prior committed fund balance. The resolution commits funds for capital projects; the minutes do not specify which projects will be funded or a timeline for expenditure.
