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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
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Finance Committee Presentation March 2024
With co-chair Daniel Shultz presiding, the Finance Committee convened in person and via video conferencing for its monthly meeting on Tuesday, March 5. The finance committee discussed interim financial results through February 29, 2024, noting an uptick in expenditures largely due to current month debt service payments. The committee then reviewed spending of American Rescue Plan Elementary and Secondary School Emergency Relief monies allocated to Cheltenham School District. It was noted that there was a little of $1.3M left to be spent with planned spending to occur this summer on student technology and educational materials to address student learning loss. The preliminary budget for the 2024-2025 budget was then reviewed, noting the district's largest spending increases, salaries and benefits, and potential increases in funding from state subsidies to help offset those costs. It was noted that the state budget of increased subsidies was preliminary. The last topic of the night considered by the committee was the review of several large bids for approval at the next legislative meeting. The next Financial Affairs Committee meeting is Tuesday, April 2. Video>>