February 2021 - ConVal School Board

No. 10 – ConVal School Budget (Warrant Article 01)

Feb 17, 2021

by ConVal School Board Member Jim Fredrickson

February 17, 2021

The first (and most important) warrant article on your ballot determines the amount of expenses (costs) that the District can incur during the 2021-22 school year that begins July 1, 2021.

There are some key points to keep in mind as you read the information provided below and decide to support the budget –

March 9 Is Voting Day In The ConVal School District

Feb 11, 2021

Please be notified to meet at the following places on March 9, 2021 in the Town of your residence

for the second session of the Meeting. Polls will be open for voting by official ballot at the second session.

No. 9: Fund Balance Retention

Feb 10, 2021

by ConVal School Board Member Jim Fredrickson

February 10, 2021

The previous article in this series on District Finances discussed the three options for disposition of the remaining Fund Balance at the end of any given fiscal year:

Appropriations to Trust Funds (“Transfer”)
Retention of unassigned funds (“Retain”)
Returned to the taxpayers when they are utilized by the Department of Revenue Administration in calculating the local education tax rate (reduction of District Tax Assessment) for the following fiscal year (“Return”).

No. 8: ConVal Trust Funds

Feb 05, 2021

by ConVal School Board Member Jim Fredrickson

February 5, 2021

There are six separate Warrant Articles included on the March 9 ballot that are associated with increasing the balances of our District Trust Funds:

Appropriate to Special Education Reserve Trust Fund from Fund Balance
Appropriate to Building Capital Reserve Fund from Fund Balance
Appropriate to Energy Trust Fund from Fund Balance
Appropriate to Equipment Trust Fund from Fund Balance
Appropriate to Athletic Trust Fund from Fund Balance
Appropriate to Building Capital Reserve Fund from Fund Balance

All six of these Warrant Articles involve “Appropriations” from “Fund Balance”.

Deliberative Session Moved From Feb. 2 to Feb 3, 2021

Feb 01, 2021

Due to weather concerns, the deliberative session has been moved from Tuesday, February 2, 2021 to Wednesday, February 3rd, 2021 at 6 PM in the gymnasium at ConVal Regional High School.