Lehigh Valley

BASD commits $6 million for future capital improvements

Funds came from fund balance

BETHLEHEM, Pa. - The Bethlehem Area School District's board of directors approved a fund balance commitment of $6 million to the Capital Reserve Fund for future capital improvements during Monday night's meeting.

At their June 26 meeting, directors approved designating a portion of any operating surplus as a commitment of fund balance for the fiscal year that ended four days later. As a follow-up to that action and after conclusion of an audit, but prior to the finalization of financial statements, the administration of Superintendent Joseph Roy asked directors Monday night to approve the $6 million commitment, which they did.

In addition, the administration also asked directors to designate four other amounts from the June 30, 2017 fund balance. This resulted in allocating $3 million in the General Fund for PSERS rate stabilization, and using more than $5.4 million as revenue to balance the 2017-2018 budget.

In other news, directors approved the re-appointment of Herman Webber to the Bethlehem Area Vocational-Technical School General Authority for a five- year term, expiring in January 2023. His current term expires next month.

The legislative body also awarded a snow removal services contract to Searock's Lawn Care and to Barker & Barker Paving. The former will serve as the primary contractor, while the latter will be the alternate. The primary-alternate designation is based on the contractor's availability whenever the service is needed.

Also at the meeting, Roy recognized two Freedom High School seniors: Joshua Adams and William Lasko. Earlier this month, the duo earned first-place honors in the Universal Technical Institute's Top Technician Challenge. As a reward for their accomplishments, the students won scholarships to UTI worth $40,000 and about $4,000 in tools, including a toolbox.

Adams and Lasko, students at Bethlehem Area Vocational-Technical School, bested 99 other teams from Pennsylvania, New Jersey, Delaware and Maryland.

Directors Rogelio Ortiz and Thomas Thomasik were absent from Monday night's meeting.


DISCLAIMER FOR COMMENTS: The views expressed by public comments are not those of this company or its affiliated companies. Please note by clicking on "Post" you acknowledge that you have read the TERMS OF USE  and the comment you are posting is in compliance with such terms. Your comments may be used on air. Be polite. Inappropriate posts or posts containing offsite links may be removed by the moderator.

This Week's Circulars

STORMCENTER UPDATE

Lehigh Valley News

Latest From The Newsroom