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Board Fiscal Management Resolution

 
 
During the 2013-14 school year, the Penns Valley Area School District conducted a complete review and update of the District’s Comprehensive Plan. This process involved over fifty individuals, including over twenty five community members at large. The Finance and Facilities Committee conducted an in depth review of the District’s long-term fiscal and physical plant needs. The following resolution is being adopted in support of the long range initiatives discussed by the Finance and Facilities Committee. 
 
A RESOLUTION OF THE PENNS VALLEY AREA SCHOOL DISTRICT SCHOOL BOARD OF DIRECTORS REGARDING MAINTENANCE OF THE FISCAL PRIORITIES RELATED TO DISTRICT OPERATIONS 
 
Whereas, the Penns Valley Area School District is committed to quality education for all District students as defined by the District’s Comprehensive Plan; and 
 
Whereas, the Penns Valley Area School District places a high value on academic achievement, financial accountability, and operational transparency for educating students at public expense; and 
 
Whereas, a strong, long-term fiscal base is required to provide the educational opportunities our students need and deserve; and 
 
Whereas, the uncertainty of state support of education and the legislative limits imposed on school district’s local funding initiatives by Act 1 and other legislation have created uncertainty with annual school district budgets; and 
 
Whereas, long range revenue and expenditure planning is a necessary tool in the school district budget process; and 
 
Whereas, the maintenance of long term funding initiatives for equipment and physical plant updates and improvements must be maintained as budget line items; and 
 
Whereas, the funding of long range initiatives may require a combination of current year funding, and short and long term debt; and 
 
Whereas, the District must be cognizant of its debt capacity and how to optimize the use of debt; and 
 
Whereas, to meet the long term needs of the District, interim tax increases may be necessary, even in years when the immediate upcoming budget year may not require a tax increase. 
 
Now Therefore, Be It Resolved that the Penns Valley Area School District School Board of Directors is now, and in the future, committed to maintaining the fiscal resources required to meet the District’s Comprehensive Plan and other long range objectives. 
 
Be It Further Resolved that the Penns Valley Area School District directs its Superintendent and Business Manager to prepare and recommend annual general fund budgets to the Penns Valley Area School District School Board of Directors that are in keeping with District’s Comprehensive Plan and other long range objectives. 
 
Adopted this 25th day of June, 2014. 
 
 
PENNS VALLEY AREA SCHOOL DISTRICT 
By:_____________________________________ 
President 
 
ATTEST: 
________________________________________ 
Secretary