Board Fiscal Management Resolution
Board Fiscal Management Resolution
During the 2024-25 school year, the Penns Valley Area School District conducted a complete review and update of the District’s Comprehensive Plan. This process involved over sixty individuals, including over twenty community members at large. The Finance and Facilities Committees conducted an in depth review of the District’s long-term fiscal and physical plant needs. The following resolution is being adopted in support of the long-range initiatives discussed by the Finance and Facilities Committee.
A RESOLUTION OF THE PENNS VALLEY AREA SCHOOL DISTRICT SCHOOL BOARD OF DIRECTORS REGARDING MAINTENANCE OF THE FISCAL PRIORITIES RELATED TO DISTRICT OPERATIONS
Whereas, the Penns Valley Area School District is committed to quality education for all District students as defined by the District’s Comprehensive Plan; and
Whereas, the Penns Valley Area School District places a high value on academic achievement, financial accountability, and operational transparency for educating students at public expense; and
Whereas, a strong, long-term fiscal base is required to provide the educational opportunities our students need and deserve; and
Whereas, the uncertainty of state support of education and the legislative limits imposed on school district’s local funding initiatives by Act 1 and other legislation have created uncertainty with annual school district budgets; and
Whereas, the real estate tax base and growth relies greatly on residential property and limited commercial property, and
Whereas, long range revenue and expenditure planning is a necessary tool in the school district budget process; and
Whereas, the maintenance of long-term funding initiatives for equipment and physical plant updates and improvements must be maintained as budget line items; and
Whereas, the funding of long-range initiatives may require a combination of current year funding, and short- and long-term debt; and
Whereas, the District must be cognizant of its debt capacity and how to optimize the use of debt; and
Whereas, to meet the long-term needs of the District, interim tax increases may be necessary, even in years when the immediate upcoming budget year may not require a tax increase.
Now Therefore, Be It Resolved that the Penns Valley Area School District School Board of Directors is now, and in the future, committed to maintaining current 2024-25 debt service annual budget allocations, and the fiscal resources required to meet the District’s Comprehensive Plan and other long-range objectives.
Be It Further Resolved that the Penns Valley Area School District directs its Superintendent and Business Manager to prepare and recommend annual general fund budgets to the Penns Valley Area School District School Board of Directors that are in keeping with the District’s Comprehensive Plan, and other long-range objectives.
Adopted this 21st day of May, 2025.
PENNS VALLEY AREA SCHOOL DISTRICT
