Bound Brook School Board Celebrates Clean Audit Amid Financial Updates and Student Achievements
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Meeting Type:
School Board
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Meeting Date:
11/20/2024
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Recording Published:
11/20/2024
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Duration:
45 Minutes
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State:
New Jersey
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County:
Somerset County
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Towns:
Bound Brook, South Bound Brook
- Meeting Overview:
The recent Bound Brook School Board meeting on November 20, 2024, was marked by the absence of both its president and vice president, necessitating the appointment of a temporary chair. The meeting featured a comprehensive financial audit presentation, recognition of extraordinary students and teachers, and an array of updates on school activities and initiatives.
A significant highlight of the meeting was the presentation of the district’s recent audit, which was completed ahead of schedule and revealed no findings. This achievement was attributed to the diligence and efficiency of the business office and administrative teams. The audit disclosed a fund balance of approximately $13.8 million, with substantial allocations for future needs, including over $5.5 million in capital reserves. Additionally, $3 million was transferred to the capital reserve for long-term facilities projects.
The district’s financial health was further detailed in a presentation that highlighted emergency and unemployment compensation reserves of $260,000 and $400,000, respectively, along with an unassigned fund balance slightly exceeding $1.1 million. The board was informed that these funds are subject to state restrictions, allowing a maximum of 2% of budget expenses. Notably, more than $2.5 million has been utilized to support the current budget, and a remaining balance of about $2.8 million will roll into the 2025-2026 fiscal year budget.
Despite a noted decline in grant funding due to the depletion of federal ESER funds, the district maintained financial stability. Approximately $3.6 million was received through the special revenue fund, but this figure is expected to decrease as federal funds expire. Positively, the district’s cafeteria program operated at a profit for the year, generating over $6,000.
The board members expressed their gratitude for the thorough audit and financial management, with one saying, “I think I can speak for everybody sitting at this table; we want to thank you very, very much.” This sentiment underscored the collective efforts that contributed to the district’s favorable financial standing.
In addition to financial discussions, the board celebrated the achievements of students and teachers. The recognition segment honored students of the month from various grades, each introduced with their favorite subjects and future career aspirations. High school students like Camela Mendes Marcano, who aspires to become a police officer, and Kieran For, aiming to become an ER nurse, were among those recognized. The board also lauded Mrs. Kelly Barrows as the November Teacher of the Month. Mrs. Barrows was commended for her innovative teaching methods and dedication to enhancing student engagement through initiatives like “Flashlight Fridays.”
Following these recognitions, a student board member delivered a report on recent school activities, highlighting the boys’ and girls’ soccer teams’ performances, with the boys reaching the sectional semi-finals. Other sports teams, such as volleyball and football, concluded their respective seasons with mixed results. The report also mentioned upcoming sports events, including the boys’ basketball season.
A notable part of the student report was the successful organization of a blood drive in collaboration with the New York Blood Center and a schoolwide mock election designed to educate students about the voting process. These initiatives were applauded for fostering student involvement and awareness.
The board also received updates from the education committee, focusing on preliminary benchmark testing results. These results serve as an early assessment of student progress against state standards, and the committee expressed enthusiasm about leveraging this data to improve student performance.
This transition ensured a smooth flow of discussions and proceedings, allowing the board to address and celebrate the district’s fiscal health, educational achievements, and community involvement.
Alvin Freeman
School Board Officials:
Richard Jannuzzi, Michael Bal, Roger Zupko, Lisa Guzzino, Joanna Musson, Gagandeep Minhas, Sidney Dawson, Therese Sue High, Donald Vollmer, Jennifer Carlton
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Meeting Type:
School Board
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Committee:
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Meeting Date:
11/20/2024
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Recording Published:
11/20/2024
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Duration:
45 Minutes
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Notability Score:
Routine
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State:
New Jersey
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County:
Somerset County
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Towns:
Bound Brook, South Bound Brook
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