The Tredyffrin Easttown School Board held a significant meeting on January 2, 2025, where they reviewed the year-end financial report, highlighting a positive financial outlook for the district. The report indicated that the general fund balance at the end of the fiscal year stood at $33,841,973, reflecting an increase of $742,841. This stability is viewed favorably by Moody's, the district's ratings agency, which emphasizes the importance of maintaining a healthy fund balance in relation to the district's overall budget of approximately $180 million.

Key contributors to the district's financial success included higher-than-expected revenues from property taxes, delinquent tax collections, and notably, interest income, which exceeded budget projections by nearly $3 million. While state revenues also increased by about $1.2 million, the district faced challenges with lower-than-expected transfer tax revenues, which fell short by $1 million.

The meeting also featured a report from the district's auditors, Witham Smith and Brown, which confirmed a clean audit opinion with no significant deficiencies noted. This achievement is particularly commendable, as only 12 districts have received a certificate of excellence for their financial reporting, a recognition the Tredyffrin Easttown School District earned last year.

Looking ahead, the board is preparing for the development of the 2025-2026 budget, with several upcoming meetings scheduled for public participation. The next finance meeting is set for January 13, followed by additional sessions in February and March, encouraging community involvement in the budget process.

In addition to financial discussions, the meeting included updates from the Facilities Committee, although details from that segment were not covered due to the absence of the committee chair. Overall, the meeting underscored the district's commitment to transparency and fiscal responsibility, ensuring that residents are informed and engaged in the financial health of their schools.