East Aurora board narrows 2024–25 budget gap to about $46,000 as state aid waits
April 10, 2024 | EAST AURORA UNION FREE SCHOOL DISTRICT, School Districts, New York
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The East Aurora Board of Education was advised April 10 that budget work for the 2024–25 fiscal year has reduced the district’s shortfall to roughly $46,000 but remains contingent on final state aid figures.
At the meeting a presenter assigned to the budget process said the district has been refining revenue and appropriation projections for months and is waiting for state “runs” that typically follow the governor’s signature on the state budget. The presenter said board planners expect two key items that would materially affect the bottom line: restoration of $180,000 in foundation aid and a 3% minimum foundation increase estimated at about $52,000. “If that 3% comes in, we have no gap,” the presenter said.
Business office finance staff provided a February snapshot: the general fund held about $13,300,000 in cash; approximately 55% of appropriations had been spent and roughly 77% of revenues received. The cafeteria fund showed a temporary timing surplus (about $83,000) and a middle-school freezer failure prompted an insurance claim; federal fund receipts were reported at about $2,100,000 with roughly $1.3 million expended so far.
Board members discussed options if the anticipated aid does not arrive, including appropriating additional fund balance to avoid cuts to programs and maintain building-level substitute coverage. One member urged that one-time expenditures be financed from one-time reserves rather than recurring revenue.
Capital work tied to the district’s facilities plan was also discussed in the budget context. The board was told it plans to include a masonry replacement project at the high school (estimated at $100,000) as a capital outlay item and that a Proposition 1 number will be finalized along with the budget.
The board agreed to be prepared for an extended special meeting on the morning of April 16 should the state aid “runs” arrive in time; otherwise the board will reconvene when final numbers are available. The presenter said the district can adopt a budget at its next scheduled vote April 24, but final paperwork and any adjustments depend on the state actions.
Next steps: the district is monitoring Albany for state budget action and expects to finalize appropriation decisions once the runs are provided.
At the meeting a presenter assigned to the budget process said the district has been refining revenue and appropriation projections for months and is waiting for state “runs” that typically follow the governor’s signature on the state budget. The presenter said board planners expect two key items that would materially affect the bottom line: restoration of $180,000 in foundation aid and a 3% minimum foundation increase estimated at about $52,000. “If that 3% comes in, we have no gap,” the presenter said.
Business office finance staff provided a February snapshot: the general fund held about $13,300,000 in cash; approximately 55% of appropriations had been spent and roughly 77% of revenues received. The cafeteria fund showed a temporary timing surplus (about $83,000) and a middle-school freezer failure prompted an insurance claim; federal fund receipts were reported at about $2,100,000 with roughly $1.3 million expended so far.
Board members discussed options if the anticipated aid does not arrive, including appropriating additional fund balance to avoid cuts to programs and maintain building-level substitute coverage. One member urged that one-time expenditures be financed from one-time reserves rather than recurring revenue.
Capital work tied to the district’s facilities plan was also discussed in the budget context. The board was told it plans to include a masonry replacement project at the high school (estimated at $100,000) as a capital outlay item and that a Proposition 1 number will be finalized along with the budget.
The board agreed to be prepared for an extended special meeting on the morning of April 16 should the state aid “runs” arrive in time; otherwise the board will reconvene when final numbers are available. The presenter said the district can adopt a budget at its next scheduled vote April 24, but final paperwork and any adjustments depend on the state actions.
Next steps: the district is monitoring Albany for state budget action and expects to finalize appropriation decisions once the runs are provided.
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