WEBSTER CENTRAL SCHOOL DISTRICT Brian Freeman, Assistant Superintendent for Business 119 South Avenue, Webster, NY 14580 (585) 216-0017 brian_freeman@webstercsd.org
Brian Neenan, Superintendent From: Brian Freeman, Assistant Superintendent for Business Re: 2025-26 Final Reserve Transfers Cc: Board of Education Date: 8/10/2026
With the close of the 2025-26 fiscal year, the exact reserve transfer amounts have been determined. These transfers must be completed before setting the tax warrant for the 2026-27 fiscal year. The business office in conjunction with our auditors, recommends that the Board of Education approve the following reserve transfers to conclude the 2025-26 fiscal year:
Final 2025-26 Transfers
Balance forward into the 2026-27 Fiscal Year*
2026 Capital Reserve Fund
$3,750,000
$9,066,478
TRS Sub Fund
$500,000
$6,800,225
Liability
$500,000
$6,054,843
Reserve for Property Loss
$500,000
$1,000,000
Insurance Reserve
$1,000,000
$6,037,268
Reserve Type and Name
In addition, the following transfers from the following reserves to start the fiscal year were not needed as part of the revenue budget for 2025-26 fiscal year and can be returned are as follows: ● Employee Retirement Contribution Reserve (A827 – ERS): $1,500,000 ● Employee Retirement Contribution Reserve (A828 – TRS): $1,500,000 For the 2026-27 school year, the following transfers out of the reserve will need to be made as part of the revenue budget for the fiscal year: ● Employee Retirement Contribution Reserve (A827 – ERS): $1,500,000 ● Employee Retirement Contribution Reserve (A828 – TRS): $1,500,000 *Final balances may change based on interest earnings once the audit is complete. It is recommended that the transfers be approved before the warrant during the August 18th Board of Education Meeting. Thank you, and let me know if you have any questions. Cc: Lori Schreiber, Treasurer