The Department of Financial Affairs for the Cheltenham School District is responsible for the administration, management and compliance of District financial services. These responsibilities include the preparation, presentation, monitoring and reporting of the annual District budget; preparation of annual financial statements; payroll administration; benefit administration; accounts receivable and payable; purchasing and receiving; management of debt service and investments and monitoring of capital assets; and financial oversight of federal and state programs. The Department also provides oversight of the Food Services and Transportation Department.
Most Recent Finance Committee Meeting
With co-chair Pamela Henry presiding, the Cheltenham School District Finance Committee convened in person and via video conferencing on Nov. 14, 2023. The meeting began with a review of interim financial statements for the period ending Oct. 31, 2023. Included in these financial statements was a historical discussion of local revenues. The next topic discussed was the district’s budget calendar and how it is developed throughout the year until its passing in June 2024. This was juxtaposed to the Act 1 timeline which drives the budget process. The third topic discussed was charter school expenditures and recent litigation in process regarding charter school funding and regulation. This bill has a significant financial impact on the district if it is passed in its current form. The final topic of the night centered around an eminent domain acquisition of district property near Wyncote Elementary. The next Finance Committee meeting is Tuesday, Dec. 5 at 7 p.m. in person at 2000 Ashbourne Rd. and via video conferencing. Video>>