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: 2024-25 Final Reserve Transfers Cc: Board of Education Date: 8/15/2025
With the close of the 2024–25 fiscal year, the exact reserve transfer amounts have been determined. These transfers must be completed before setting the tax warrant for the 2025–26 fiscal year. The business office in conjunction with our auditors, recommends that the Board of Education approve the following reserve transfers to conclude the 2024–25 fiscal year:
Final 2024-25 Transfers
Balance forward into the 2025-26 Fiscal Year*
Retirement Contribution Reserve
$2,000,000
$12,049,457
TRS Sub Fund
$1,500,000
$6,268,161
Liability
$500,000
$5,523,574
Tax Certiorari
$500,000
$5,022,820
Insurance Reserve
$1,000,000
$5,010,905
Reserve Type and Name
In addition, it is recommended that the Board of Education approve the planned reserve use below as part of the 2025–26 Revenue Budget: ● 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 19th Board of Education Meeting. Thank you, and let me know if you have any questions.
Lori Schreiber, Treasurer