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 Dan Schultz presiding, Financial Affairs convened via video conferencing on Tuesday, Jan. 4, 2022. The agenda included an update on the 21-22 budget, and reviews of the June 30, 2021, audit progress and 22-23 budget and budget calendar. The board discussed the need to approve an Act 1 opt out resolution, which will require the board to stay within the Act 1 index of 3.4 percent for the 22-23 budget. This resolution will need to be adopted at the Legislative meeting on Tuesday, Jan. 11, 2022. The board reviewed the presentation from acting business manager Chuck Linderman, and had questions regarding healthcare and special education costs, and the need to review the fund balance for last year and projection for this year. The next Financial Affairs meeting is Tuesday, Feb. 1, 2022. Video>