Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget Finance topic
No spam. Unsubscribe anytime.
Board adopts 2024–25 general fund and athletic budgets, authorizes reserve transfer and subsidies
Summary
The Minersville Area School District approved a $23.97 million revenue general fund budget and a $218,315 athletic budget for 2024–25, authorized subsidy payments of $171,165, and approved a capital reserve transfer of up to $250,000 during year-end close.
The board voted to approve the 2024–25 General Fund budget with revenue of $23,967,669 and expenditures of $24,527,143; the district noted the fund balance will cover the projected shortfall. The 2024–25 Athletic Account Budget was approved at $218,315, up from $183,515 the prior year.
Members also authorized subsidy payments totaling $171,165 from the General Fund to the Athletic Account (with scheduled allocations), approved surety bonds for officers, and authorized a capital reserve transfer not to exceed $250,000 during the 2023/2024 fiscal year close. The board ratified the treasurer’s report and approved bills payable for June 2024 totaling $1,460,345.20 across district funds.
