August 18, 2026 - Board of Education Mtg.

The Amherst Central School District Board of Education held a meeting on August 18, 2026, primarily focusing on financial and audit updates related to the district's fund balance and reserves. The audit committee reported that the external audit was nearing completion, with a focus on capital projects. The superintendent provided a detailed update on the district's fiscal year-end financials, highlighting that revenues exceeded budget projections by approximately $2.3 million, while expenditures were under budget, resulting in an increase of $672,000 to the total fund balance. The board discussed the allocation of these funds, including recommendations to move $2.9 million of unappropriated fund balance into the reserve for insurance claims, ensuring compliance with legal and regulatory requirements. The discussion also touched on long-range financial planning, including the potential need for future voter authorization to establish new reserves for upcoming capital projects. The board passed a motion to approve the financial recommendations and moved to executive session to conclude the meeting.