Troy learns of positive margin
TROY - The Troy Area School Board has gotten a nice financial surprise.
At the school board meeting Tuesday, school district business administrator Traci Gilliland informed the board of a positive margin for the 2011-12 school year.
"Basically, it just means revenues exceeded expenses by about $600,000," she said.
She said the number will be finalized once the audit is finished.
The business administrator said it was mostly attributable to revenues at the local, state and federal levels.
This included better than expected tax receipts, she said.
In addition, Gilliland made recommendations on where to put the money.
She suggested it be split between PSERS and health insurance, where she said increased costs are forecast.
The board will vote on the recommendation at its meeting next week.
In addition, it was noted that bids are due Friday for the district-wide sidewalk and curb replacement project.
The bids will be opened, and the board will award a contract next week.
Also on the agenda is the retirement of Trula Haflett, health room aide, effective Jan. 1, and several resignations and winter coaching contracts.
Eric Hrin can be reached at (570) 297-5251; email: firstname.lastname@example.org.