WEBSTER CENTRAL SCHOOL DISTRICT Brian Neenan Superintendent Brian_Neenan@webstercsd.org (585) 216-0001 Erin Land Assistant Superintendent for Instruction Erin_Land@webstercsd.org (585) 216-0130
David Swinson Assistant Superintendent for Administration and Human Resources David_Swinson@webstercsd.org (585) 216-0011 Brian Freeman Assistant Superintendent for Business Brian_Freeman@webstercsd.org (585) 216-0017
Brian Neenan, Superintendent From: Brian Freeman, Assistant Superintendent for Business Re: 2022-23 Final Reserve Transfers Cc: Board of Education Date: 8/10/2023 With the conclusion of the fiscal year for 2022-23, an exact reserve transfer amount can be determined. This is a requirement to be done before the setting of the tax warrant for the next fiscal year. It is recommended that the following transfers be made to conclude the fiscal year:
Final 2022-23 Transfers
Balance forward into the 2023-24 Fiscal Year
$4,299,379
$15,000,000 (Maximum Allowable)
$250,000
$9,070,444
TRS Sub Fund
$2,250,000
$5,080,593
Workers’ Compensation
$1,000,000
$5,053,250
$1,750,000
$5,073,531
Reserve Type and Name Capital Retirement Contribution Reserve
Liability Tax Certiorari
$850,000 $5,035,250 In addition, the following transfers from the following reserves to start the fiscal year were not needed as part of the revenue budget for 2022-23 fiscal year and can be returned are as follows: Employee Retirement Contribution Reserve (A827): $500,000 It is recommended that the transfers be approved before the warrant during the August 15th Board of Education Meeting. Thank you and let me know if you have any questions. Cc: Lori Schreiber, Treasurer ADMINISTRATIVE OFFICE: 119 South Avenue, Webster, New York 14580 Main Switchboard: (585) 265-3600 • Fax Machine: (585) 265-6561 • Web Site: www.websterschools.org