The meeting began with an in-depth presentation on the district’s financial health. Auditor Brian Gibbons provided an overview of the annual audit report, highlighting that the general fund ended the fiscal year with a balance of $13,334,000, a decrease from the previous balance of $14,700,000. The capital reserve was over $5 million, while the maintenance reserve was over $900,000. Gibbons noted an increase in excess local revenue and state aid, which influenced the district’s financial standing. He emphasized the strategic use of excess surplus to support budget operations.

The board discussed the capital projects fund, which reported a balance of $4.77 million in unexpended funds authorized for ongoing projects. The district has been utilizing capital reserves and received approximately $750,000 in SDA rod grants. Attention was drawn to the organized business office operations that facilitated effective tracking of these projects.

In terms of liabilities, the district’s existing serial bonds have a balance of $7.7 million, which will reduce over time with continued payments. Other liabilities include outstanding leases of $574,000 and a capital lease termed finance purchase of $670,000. There was a decrease in compensated absences liabilities, ending at $977,000, and a reduction in net pension liability, concluding at $10.717 million. These liabilities, while substantial, do not require immediate payment and are spread over time, offering a manageable outlook.

The board also heard reports from various committees. The negotiation committee opened discussions on upcoming negotiations, although no decisions were finalized. The policy committee reviewed the “freedom to read” policy to ensure protection of library materials and discussed vehicle use and parking regulations. The governance committee recommended the continuation of Mr. Phillips as superintendent until April 30, 2027, citing his strong work ethic and effective communication skills as key reasons for maintaining stability and continuity within the district.

During the public comment segment, concerns were raised regarding the impact of local housing developments on school enrollment and resources. One speaker criticized the negotiation processes between town councils and developers, expressing that promises for affordable housing often result in minimal actual units, thereby affecting the school district’s planning and resources. The speaker advocated for increased resident engagement with local town councils to influence decisions impacting school enrollment and funding. This point resonated with the board’s ongoing discussions about balancing financial health with the community’s growth and needs.

The meeting also included student recognitions, highlighting notable athletic achievements. Adam Shaw, a senior football player, was honored as the Bergen Record Athlete of the Week with impressive career statistics. Alli Paliniac was acknowledged for her leadership in girls soccer and received additional accolades for her performance. Maline Romero and Eva Meyers were celebrated for their achievements in volleyball, with Meyers contributing during the state playoffs.