Voters approve $102,250,169 million 2021-22 school budget and bus proposition
Minisink Valley School District residents approved the proposed 2021-22 $102,250,169 school budget by an 892 (yes) to 725 (no) vote on May 18.
The results showed 55 percent of voters approved the budget.
The approved budget maintains all current student programs and services.
This budget increases spending by $2,253,610 from the current year, and includes a 2.42 percent tax levy increase.
The approved 2.42 percent increase in the tax levy – total amount of money to be raised through property taxes – is within the New York State tax cap requirement. The approved budget needed a simple majority.
Bus proposition approved
Voters also approved Proposition 2, in an 882 (yes) to 732 (no) vote, a 55 percent voter approval. This now gives the district the authority to purchase 15 school buses in the amount of $1,688,823.
It resumes the district’s 10-year replacement bus plan which was put on hold for the 2019-20 and 2020-21 school years. State aid will cover $1,266,617, or 75 percent of the total cost. The net cost to the district, after state aid is applied, is $422,206.
Other financial information:
The Audit Committee and Financial Statements
School district finances are subject to internal and external auditing, which promote both accountability and transparency. The Minisink Valley Central School District Audit Committee, which is made up of Board members and community members, is charged with providing independent advice, assistance, and recommendations to the board in the oversight of the internal and external audit functions.
Each year, in accordance with New York State regulations, an independent auditor conducts a review of the district’s financial statements. After the audit is completed, it is reviewed by the Audit Committee and accepted by the Board. This typically takes place in the fall.
Audit reports are listed in the “More Information” column of this page.
The Capital Improvement Project
Minisink Valley Central School District voters approved a $36.9 million capital improvement project by a vote of 559-171 on Feb. 7, 2017. To learn more: The Minisink Valley School District $36.9 capital improvement project
- “Budget 101” Fact Sheet
- The Three Numbers Under the NYS Tax Levy Cap
- NYS Tax Levy Cap: How Does it Add Up?
Please call the Business Office at 355-5120 if you need assistance reading the above documents.