November 5, 2026 at 6:00 PM - Finance
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1. Opening of Meeting
Speaker(s):
Mrs. Kunbi Rudnick
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1.A. Call to Order
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1.B. Pledge of Allegiance
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2. Approval of Meeting Minutes
Speaker(s):
Mrs. Kunbi Rudnick
Description:
Recommended motion for the Approval of Minutes from the Finance Meeting on September 1, 2026
Attachments:
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3. Items Recommended for Work Session or Action Meeting
Speaker(s):
Mr. Zack Trump, CFO
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3.A. Treasurer's Report- September 2026
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3.B. Budget Transfers - October 1, 20026 through October 31, 2026
Description:
Budget Transfers for the month of October totaled $3,347,091.11
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3.C. 2027-28 Act 1 Index - Resolution Not to Exceed the Act 1 Index
Description:
The 2027-2028 base Act 1 index has been certified at 3.6%. The PA Independent Fiscal Office (IFO) most recently projected the same, 3.6%.
Attachments:
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3.D. Updated Corporate Authorization Resolution
Speaker(s):
Mr. Zack Trump, CFO
Description:
This resolution is to appoint Mr. Trump, as CFO the appropriate credentials to perform the banking functions of the district. Specifically to open bank accounts for the district, endorse checks and payments, withdraw or transfer funds on deposit, and purchase certificates of deposit. This authorization form will be used to update the district's banking information to assign appropriate authorization.
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4. Informational Items
Speaker(s):
Mr. Zack Trump, CFO
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4.A. 2027-2028 Proposed Budget Calendar
Description:
Mr. Trump will review the attached budget calendar for the next fiscal year.
Proposed final budget adoption 5/20/2027 Final budget adoption 6/18/2027 The deadlines listed above will be permitted assuming that the Board passes the resolution to not exceed the Act 1 Index for fiscal year 2027-2028. The detailed PDE budget calendar is also attached for reference.
Attachments:
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4.B. 2027-2028 Building Level Budget Allocations
Description:
Mr. Trump will present the building budget allocations.
The per-pupil allocation has an increase of 2% from the 2024-25 Fiscal year. Building Budget allocations represent approximately 0.32% of the total budget.
Attachments:
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4.C. Cornerstone Presentation
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5. Financial Reports
Speaker(s):
Mr. Zack Trump, CFO
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5.A. Investment Report- September 2026
Attachments:
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5.B. General Fund MTD & YTD Net Position as of September 1, 2026
Attachments:
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5.C. Capital Fund Update- September 2026
Attachments:
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5.D. Budgetary Reserve- October 2026
Attachments:
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5.E. Right to Know Requests
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6. Audience of Citizens
Speaker(s):
Mrs. Kunbi Rudnick
Description:
The public is hereby advised that this meeting is being recorded. Any residents or taxpayers who speak must state their name and municipality. The comment opportunity is limited to three minutes per speaker. As a reminder, the Audience of Citizens portion of the meeting is not designed for debate or discussion with the Board. When appropriate, individual school directors may choose to respond to public comments that have been made once the Audience of Citizens period has concluded or request that a member of the Administration follow up with the speakers after the meeting. Reference Board Policy #903 |
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7. Next Meeting Date
Speaker(s):
Mrs. Kunbi Rudnick
Description:
December 1, 2026
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8. Adjournment
Speaker(s):
Mrs. Kunbi Rudnick
Description:
Adjourn meeting
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