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: 2023-24 Final Reserve Transfers Cc: Board of Education Date: 8/10/2024 With the conclusion of the fiscal year for 2023-24, 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 2023-24 Transfers
Balance forward into the 2024-25 Fiscal Year*
$929,556
$10,000,000
TRS Sub Fund
$1,419,407
$4,750,000
Workers’ Compensation
$446,750
$5,000,000
$676,469
$5,000,000
$314,745
$4,500,000
$2,000,000
$4,000,000
Reserve Type and Name Retirement Contribution Reserve
Liability Tax Certiorari Insurance Reserve
No additional reserve transfers or usage was required as part of the 2023-24 fiscal budget. *Final balances are also subject to change based on interest earnings finalization upon audit completion.
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