The Franklin Regional School District held its regular meeting on April 27, 2025, focusing on budgetary matters and funding allocations. The meeting began with a review of general fund budget transfers, totaling $4,223.78 for the month. Notable allocations included a $2,500 grant for a computer programming camp aimed at female students, $1,000 for technology education supplies at the bridal school, a $25 general donation to the senior high school, and $116 for the fifth-grade musical.
Following the discussion on donations, the board addressed a contract with the Pennsylvania School Boards Association (PSBA) Insurance Trust. This contract will provide unemployment compensation claims management services, which are essential for navigating the complexities of unemployment claims in the school district.
The meeting then moved to the topic of fund balance transfer and commitment. The finance committee recommended a significant transfer of $3,000,000 from the general fund to the capital reserve fund. Additionally, a commitment of $1,500,000 within the general fund was proposed for debt service stabilization. The transfer to the capital reserve fund is part of a long-term funding strategy for capital projects, which aligns with previously restricted funds from an escrow agreement with the municipality of Murrysville. These funds were initially set aside for potential site work related to the construction of the elementary campus but were not utilized.
The board emphasized that the transfer and commitment are based on favorable budget variances identified in the previous year's audit and projected variances for the current operating year. The meeting concluded with no further questions from board members, indicating a consensus on the proposed financial strategies.