During their committee meeting Wednesday night, the Penns Manor School Board heard a presentation on the district’s financial state.
The presentation was conducted by business manager Jennifer Sleppy and it came on the heels of a recent announcement from the Penns Manor Teachers Union, which authorized a strike over contract negotiations, which have been going on since mid-July.
Sleppy dissected the district’s Total Fund Balance in four major components: Debt Service Fund, Capital Reserve Fund, Committed Fund, and Unassigned Fund. While all were shown to be pretty balanced, Sleppy said she would like to see some improvement in the Capital Reserve.
She added that if the Unassigned Fund ran out, the district would survive two months before resorting to borrow money.
Following the presentation, superintendent Daren Johnston explained what the next step will be in the negotiation process.
Before the committee meeting was the board reorganization meeting. No leadership changes were made and the board voted to continue holding meetings every second Wednesday of the month at 7 p.m.
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